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Title: [GUIDE] The Big Guide to Common Bitcoin Investing Faux Pas Post by: Namworld on July 31, 2013, 03:42:55 AM Circlejerking, or the time everyone became rich at the same time
Quote I've made 1000% ROI in a few weeks. This proves I'm good and that this asset is a professional one. Every other investor in this asset agrees with me how smart we are. I've seen that one far too often. Every buyer holds, because prices are rising fast, because buyer holds, because prices are rising fast, etc. etc. Everyone self-congratulates themselves on making such a nice profit and how everyone made 10x their investment and thus constantly recommends it to everyone else. Then suddenly one person cashes out 100 BTC and everyone's investment halves in value. A bad case of 100 000 BTC common profit becomes 50 000 BTC profit after 100 BTC is cashed out. Commonly known in the real world as: "The Financial Bubble" Last seen: "Making multiple appearances on the USD/BTC rate and on various stocks" ...................................... Cluelessness, or the time BTC stocks were a casino Quote I bought X/Y for Z BTC. Was it a good purchase? What is it they do? Random purchasing at random prices. Commonly known in the real world as: "The Novice Penny Stock Trader" Last seen: "Taking a stroll on IRC channels and Reddit" ...................................... Restlessness, or the time nobody had time for that Quote 20:14:30 [BTC-FAKE] SELL 2 @ 1.50 20:14:42 [BTC-FAKE] BUY 2 @ 1.90 20:14:55 [BTC-FAKE] SELL 1 @ 1.49 20:15:25 [BTC-FAKE] BUY 5 @ 1.92 20:16:32 [BTC-FAKE] SELL 3 @ 1.51 Big prices gaps? Let's just do market order and skip the waiting time. Nevermind that I'm overpaying/underselling by 25% for not waiting a few minutes. Commonly known in the real world as: "The Thing Stock Traders Hope Were a Real Thing" Last seen: "Appearing 24/7 at your local BTC stock market" ...................................... Number illiteracy, or the time 1 and 0.01 were the same thing Quote Our fund will raise 100 BTC with 100000 shares for 0.001 BTC each. 10 seconds after IPO and following week: 0.01 BTC trading price. A fund worth 100 BTC of various assets is worth 1000 BTC. Commonly known in the real world as: "The Thing Option Traders Hope Were a Real Thing" Last seen: "Moving across some desert found within HavelockInvestments.com" ...................................... If you have other such comical situations worth mentioning, I'll make a humoristic entry about it. TOOLS Google Spreadsheets auto-updating portfolio JSON functions (https://bitcointalk.org/index.php?topic=140427.0) Bitcoin Price Alarm (https://bitcointalk.org/index.php?topic=143751.0) Title: Re: [GUIDE] The Big Guide to Common Bitcoin Investing Faux Pas Post by: dexX7 on July 31, 2013, 08:20:26 AM Great post. Push for visibility! :)
Title: Re: [GUIDE] The Big Guide to Common Bitcoin Investing Faux Pas Post by: jmutch on July 31, 2013, 08:56:28 AM pure gold.
Title: Re: [GUIDE] The Big Guide to Common Bitcoin Investing Faux Pas Post by: HeRetiK on July 31, 2013, 10:14:13 AM research? ain't no time for that!
Title: Re: [GUIDE] The Big Guide to Common Bitcoin Investing Faux Pas Post by: BitHub on July 31, 2013, 01:04:21 PM Hi namworld i would like to buy 100btc worth
Title: Re: [GUIDE] The Big Guide to Common Bitcoin Investing Faux Pas Post by: Namworld on July 31, 2013, 01:17:05 PM Hi namworld i would like to buy 100btc worth I'll print you 100000 pamphlets with this helpful guide printed on. Title: Re: [GUIDE] The Big Guide to Common Bitcoin Investing Faux Pas Post by: drdanishkhan on July 31, 2013, 01:18:53 PM Golden ;D
Title: Re: [GUIDE] The Big Guide to Common Bitcoin Investing Faux Pas Post by: freedomno1 on August 01, 2013, 07:29:41 AM But its a fun rollercoaster XD
Bumping ;D Title: Re: [GUIDE] The Big Guide to Common Bitcoin Investing Faux Pas Post by: Peter Lambert on August 01, 2013, 01:43:41 PM Uninformed, or This is just a pass-through?
This is related to number illiteracy. A company is listed for example on MPEx at price X, but people are buying shares of company-PT at 2X or 3X, or 10X in some cases. Speaking of which, Namworld, don't you have some BBET to arbitrage? Title: Re: [GUIDE] The Big Guide to Common Bitcoin Investing Faux Pas Post by: EskimoBob on August 01, 2013, 03:58:46 PM Good one, Namworld
You forgot my favourite. Noobs and not so noobs are screaming: "Screw the reports and balance sheets! Go back to NASDQ if you need reports. This is bitcoin!" and so on and on :) Or the really retarded one from the gypsy joker (has no idea how and why accounting works) "I invented my own reporting and accounting system. This is the new standard for BTC!" LOL! Title: Re: [GUIDE] The Big Guide to Common Bitcoin Investing Faux Pas Post by: statdude on August 01, 2013, 04:28:40 PM Nice spreadsheet tool - do you or anyone know of a simple Gdoc sheet to update balances from blockchain.info addresses? or does yours do that?
Title: Re: [GUIDE] The Big Guide to Common Bitcoin Investing Faux Pas Post by: Namworld on August 01, 2013, 05:31:02 PM Nice spreadsheet tool - do you or anyone know of a simple Gdoc sheet to update balances from blockchain.info addresses? or does yours do that? You could have asked in the thread =BlockchainBalance("Address") |