Bitcoin Forum

Economy => Speculation => Topic started by: Gordonium on June 09, 2013, 01:44:27 PM



Title: I am playing safe
Post by: Gordonium on June 09, 2013, 01:44:27 PM
Now I sell some BTC to pay out my small student loan. Just playing safe. I am still bullish over all but it is nice to be totally debt free.


Title: Re: I am playing safe
Post by: anu on June 09, 2013, 01:52:26 PM
Now I sell some BTC to pay out my small student loan. Just playing safe. I am still bullish over all but it is nice to be totally debt free.

Why didn't you play safe yesterday? You could have paid off more student loan then.


Title: Re: I am playing safe
Post by: lucas.sev on June 09, 2013, 01:54:04 PM
Now I sell some BTC to pay out my small student loan. Just playing safe. I am still bullish over all but it is nice to be totally debt free.

Why didn't you play safe yesterday? You could have paid off more student loan then.

Yesterday he was in for the long term  ;D


Title: Re: I am playing safe
Post by: niothor on June 09, 2013, 01:57:45 PM
Really , when I saw the post title I thought about a condom commercial.


Title: Re: I am playing safe
Post by: Gordonium on June 09, 2013, 02:00:03 PM
Now I sell some BTC to pay out my small student loan. Just playing safe. I am still bullish over all but it is nice to be totally debt free.

Why didn't you play safe yesterday? You could have paid off more student loan then.

How could I have paid off more student loan if I paid all my loans? Like I said, I am now debt free.

And what kind of question that even is? Why didn't you invest in Facebook when Zuckerberg launched it from dorm room? You could have been billionaire now


Title: Re: I am playing safe
Post by: anu on June 09, 2013, 02:19:13 PM
Now I sell some BTC to pay out my small student loan. Just playing safe. I am still bullish over all but it is nice to be totally debt free.

Why didn't you play safe yesterday? You could have paid off more student loan then.

How could I have paid off more student loan if I paid all my loans? Like I said, I am now debt free.


You are not. You still have to tax your gains if you pay off your student loans in one go. Or come up with a good explanation how you made the money.  ;D


Title: Re: I am playing safe
Post by: Gordonium on June 09, 2013, 02:22:40 PM
Now I sell some BTC to pay out my small student loan. Just playing safe. I am still bullish over all but it is nice to be totally debt free.

Why didn't you play safe yesterday? You could have paid off more student loan then.

How could I have paid off more student loan if I paid all my loans? Like I said, I am now debt free.


You are not. You still have to tax your gains if you pay off your student loans in one go. Or come up with a good explanation how you made the money.  ;D

I have already taken that into account. I am now totally debt free + I have still massive amount of BTC. Problem?


Title: Re: I am playing safe
Post by: anu on June 09, 2013, 02:24:06 PM
And what kind of question that even is? Why didn't you invest in Facebook when Zuckerberg launched it from dorm room? You could have been billionaire now

This is the kind of question I sometimes ask people who sell right after a crash.


Title: Re: I am playing safe
Post by: ElectricMucus on June 09, 2013, 02:27:33 PM
You would have my sympathy if it weren't for the times you posted bullshit during the rally.


Title: Re: I am playing safe
Post by: anu on June 09, 2013, 02:28:54 PM

I have already taken that into account. I am now totally debt free + I have still massive amount of BTC. Problem?


No mate, you are free to sell and buy as you see fit. My arb bot says thank you. But I like it more when Bitcoin prices are stable, so I encourage people to add, not to take liquidity / not to cross the spread.



Title: Re: I am playing safe
Post by: Elwar on June 09, 2013, 03:48:24 PM
I stopped buying once things leveled out and am paying off credit cards...makes it so I can buy more bitcoins each month with each card that's paid off.


Title: Re: I am playing safe
Post by: Malawi on June 09, 2013, 04:55:34 PM
I stopped buying once things leveled out and am paying off credit cards...makes it so I can buy more bitcoins each month with each card that's paid off.

CC debt for the win. Never fails!


Title: Re: I am playing safe
Post by: bigdude on June 09, 2013, 05:10:25 PM
you sound like a panic seller though ... not just playing it safe


Title: Re: I am playing safe
Post by: KSV on June 09, 2013, 05:18:26 PM
be bullish all the way. . . its still clearly a long term bull market.


Title: Re: I am playing safe
Post by: Aureum_Coffee on June 09, 2013, 05:22:47 PM
Really , when I saw the post title I thought about a condom commercial.


LOL   ;D


Title: Re: I am playing safe
Post by: Gordonium on June 09, 2013, 06:15:04 PM
you sound like a panic seller though ... not just playing it safe

If I would be real panic seller I would have sell every BTC I have. Most of my assets are still in BTC so I would say that I am still extra-bullish.


Title: Re: I am playing safe
Post by: anu on June 09, 2013, 07:24:27 PM
you sound like a panic seller though ... not just playing it safe

If I would be real panic seller I would have sell every BTC I have. Most of my assets are still in BTC so I would say that I am still extra-bullish.

Well, you sold at todays minimum.  You increased volatility and took a 10% loss. Congratulations.


Title: Re: I am playing safe
Post by: Gordonium on June 09, 2013, 07:27:39 PM
you sound like a panic seller though ... not just playing it safe

If I would be real panic seller I would have sell every BTC I have. Most of my assets are still in BTC so I would say that I am still extra-bullish.

Well, you sold at todays minimum.  You increased volatility and took a 10% loss. Congratulations.

I couldn't care less of couple of dollars. Now I can hold my BTC for the longest time without any fear