Bitcoin Forum

Economy => Speculation => Topic started by: antibitcoinconsortium on September 17, 2014, 12:13:34 AM



Title: One of the worst investments of the year
Post by: antibitcoinconsortium on September 17, 2014, 12:13:34 AM
comparing the charts to global asset market bitcoin is one of the worst investments one could have made this year.
all the hype and adoption can't save this scam.
get out or lose everything, we warned about this before.

yes keep telling me i'm a troll
funny detail this troll is right every time...


Title: Re: One of the worst investments of the year
Post by: Brewins on September 17, 2014, 12:25:22 AM
The year is not over yet.

Last time things started to get interesting on september.


Title: Re: One of the worst investments of the year
Post by: electricmarbles on September 17, 2014, 01:19:53 AM
wait until the ETF comes online, until then you can't really say.


Title: Re: One of the worst investments of the year
Post by: Chuckee on September 17, 2014, 02:45:41 AM
wait until the ETF comes online, until then you can't really say.

The ETF will make no difference. In fact, it could be the catalyst for the final capitulation when it becomes apparent that there is not much interest in a bitcoin ETF amongst investors. Do you honestly think investors are clamoring to get into an asset class that has performed so badly this year?


Title: Re: One of the worst investments of the year
Post by: patt0 on September 17, 2014, 02:59:21 AM
lol anyone who wants can send me their coins. I'll keep them so you don't lose more money! xD


Title: Re: One of the worst investments of the year
Post by: GreenCoin22 on September 17, 2014, 04:02:16 AM
which charts are compared?


Title: Re: One of the worst investments of the year
Post by: dropt on September 17, 2014, 04:41:45 AM
FACT:  There have been multiple points this year that, had you bought, you would be sitting very pretty right now.

Try harder falllling.


Title: Re: One of the worst investments of the year
Post by: TeeBone on September 17, 2014, 05:02:48 AM
Well it's by far the worst performing hard (if you wanna call it that) asset YTD, down 60%. Basically 90%+ who bought btc this year are getting raped.

But if you ask the shills/bulltards, doubling and tripling down on bad bets is a genius move.


Title: Re: One of the worst investments of the year
Post by: InwardContour on September 17, 2014, 06:29:25 AM
Untill now this year is the worst of all but it's not finished yet, it could still be the best one.


Title: Re: One of the worst investments of the year
Post by: nuff on September 17, 2014, 06:31:44 AM
No it's one of the best investment you can ever make in your lifetime. Next year you'd wish you could give your right arm to get back at today's prices.


Title: Re: One of the worst investments of the year
Post by: Jamacn on September 17, 2014, 07:20:06 AM
Don't be discouraged, there is no end of this year,but too much hope!


Title: Re: One of the worst investments of the year
Post by: kerafym on September 17, 2014, 07:25:28 AM
Lots of negative impression on bitcoin where I live.



Title: Re: One of the worst investments of the year
Post by: Hunyadi on September 17, 2014, 07:41:50 AM
comparing the charts to global asset market bitcoin is one of the worst investments one could have made this year.
all the hype and adoption can't save this scam.
get out or lose everything, we warned about this before.

yes keep telling me i'm a troll
funny detail this troll is right every time...

I choose "lose everything" option, thank you! :-*


Title: Re: One of the worst investments of the year
Post by: trizma on September 17, 2014, 07:47:50 AM
Bitcoin for me is best Investment of the year ... I continue buying and holding.

your PROPAGANDA won't work on me ;D


Title: Re: One of the worst investments of the year
Post by: halfbitcoin on September 17, 2014, 07:48:35 AM
I'm investing now in bitcoin, I think that it's the right time.


Title: Re: One of the worst investments of the year
Post by: Hufflepuff on September 17, 2014, 08:02:37 AM
nice try


Title: Re: One of the worst investments of the year
Post by: Dalmar on September 17, 2014, 08:02:44 AM
The ''buy and hold'' time is over for bitcoin.

Only way to make money in bitcoin now is to swing trade it.


Title: Re: One of the worst investments of the year
Post by: Neotox on September 17, 2014, 08:34:51 AM
if you talking about crypto related investment then "Litecoin" is one of them

WIY (Worst Investment of The Year) Award goes to
Litecoin :P


Title: Re: One of the worst investments of the year
Post by: scryptasicminer on September 17, 2014, 10:37:50 AM
The ''buy and hold'' time is over for bitcoin.

Only way to make money in bitcoin now is to swing trade it.

Trading isn't for everyone. Beside, less than 10% of traders make money.


Title: Re: One of the worst investments of the year
Post by: Dalmar on September 17, 2014, 11:18:05 AM
Trading isn't for everyone. Beside, less than 10% of traders make money.

Not really.

The Gox panic was a fairly easy shorting opportunity. Any idiot could have predicted prices would drop near the dec low. 

Also, the PBOC rumors of March-April were easy trading periods.


Title: Re: One of the worst investments of the year
Post by: wachtwoord on September 17, 2014, 12:29:19 PM
comparing the charts to global asset market bitcoin is one of the worst investments one could have made this year.
all the hype and adoption can't save this scam.
get out or lose everything, we warned about this before.

yes keep telling me i'm a troll
funny detail this troll is right every time...

But intelligent people never make investments with a 9 month time horizon. With your comments you've proven not to be one.


Title: Re: One of the worst investments of the year
Post by: Brewins on September 17, 2014, 12:36:22 PM
The ''buy and hold'' time is over for bitcoin.

Only way to make money in bitcoin now is to swing trade it.

Or make Bitcoin business, that is, produce usefull things, instead of just hold and don't contribute


Title: Re: One of the worst investments of the year
Post by: vuduchyld on September 17, 2014, 01:42:37 PM
comparing the charts to global asset market bitcoin is one of the worst investments one could have made this year.
all the hype and adoption can't save this scam.
get out or lose everything, we warned about this before.

yes keep telling me i'm a troll
funny detail this troll is right every time...

But intelligent people never make investments with a 9 month time horizon. With your comments you've proven not to be one.

Exactly this.  Choosing a 9.5 month horizon over which to evaluate an investment is just fine...as long as your investment time horizon is 9.5 months. 

Of course, what happens if you look at a trailing twelve month view?  How do you like bitcoin NOW?  Compared to gold, silver, S&P 500, anything you want.  What about a three year view?


Title: Re: One of the worst investments of the year
Post by: Cluster2k on September 17, 2014, 01:45:50 PM
The bitcoin ETF has already been priced in, as has increased retailer acceptance of bitcoin.  We know it's going to happen, just not exactly when.  Market participants read the same forums we do.

We need some good old markus and willy inspired manipulation of the market to make this rocket go boom again.


Title: Re: One of the worst investments of the year
Post by: riiiiising on September 17, 2014, 03:42:31 PM
Bitcoin is one of the BEST investments of 2014, if you were smart and bought < $350 when the weak hands panicked. Unlike the stock market which has been crashing all year, don't let the trolls fool you.


Title: Re: One of the worst investments of the year
Post by: freedomno1 on September 17, 2014, 05:05:52 PM
FACT:  There have been multiple points this year that, had you bought, you would be sitting very pretty right now.

Try harder falllling.

Yep just enjoy the money song
https://www.youtube.com/watch?v=K-69_ncALA0&list=LLX0KON3SKEkZE-5__xTYZoA&index=5

Good old markets and that weird ending part lol.


Title: Re: One of the worst investments of the year
Post by: scarsbergholden on September 17, 2014, 05:13:13 PM
It's funny.... bet long on the S&P this year and you are swimming in gains. Betting long on BTC this year has been nothing but heartbreak.


Title: Re: One of the worst investments of the year
Post by: var53 on September 17, 2014, 05:40:57 PM
The bitcoin ETF has already been priced in, as has increased retailer acceptance of bitcoin.  We know it's going to happen, just not exactly when.  Market participants read the same forums we do.

We need some good old markus and willy inspired manipulation of the market to make this rocket go boom again.

Yes & No

The ETF has been priced in accordingly in my views also, what we don't know is what is Winklvii is going to do with the USD income from the initial sells of the ETF shares.

There will be 1M shares (200,000 BTC) - which equate 1 share to 0.2BTC in principle (excluding holding fees, trading costs, etc) - So assuming right now at $450 per BTC a shares value is $90USD.  Making the full 1M shares if they choose to sell that way worth $90 M USD (assuming someone buys all instantly)

Now what does the Winklvii do

1. Pocket $90 USD and hold onto their own personal BTC stash
2. Buy more BTC with for themselves and make profits off of holding/trades in ETF
3. Buy more BTC to add to the 1M shares at same rate of 0.2BTC/ETF share
4. Combo of all options

This is what is not priced into ETF

1. Pocket $90 USD and hold onto their own personal BTC stash


Title: Re: One of the worst investments of the year
Post by: obocaman on September 17, 2014, 06:54:03 PM
Just sold my house, car and pets to buy more BTC from weako ass hands. Thank you OP  8)


Title: Re: One of the worst investments of the year
Post by: vuduchyld on September 17, 2014, 06:56:11 PM
It's funny.... bet long on the S&P this year and you are swimming in gains. Betting long on BTC this year has been nothing but heartbreak.

And if September 17th, 2014 is a date of great importance to you, this really matters.

Check in with me around January of 2034.


Title: Re: One of the worst investments of the year
Post by: scarsbergholden on September 17, 2014, 07:05:07 PM
It's funny.... bet long on the S&P this year and you are swimming in gains. Betting long on BTC this year has been nothing but heartbreak.

And if September 17th, 2014 is a date of great importance to you, this really matters.

Check in with me around January of 2034.

Okay, I'll do that. Maybe bitcoin will be one mirrrrion dollars by then. Or maybe zero. In the mean time, it's a volatile market, and timing entry is important. I'd prefer to see a reversal of the bear market before entering any (new) long term position, as averaging down in a bear market is simply bad risk management.


Title: Re: One of the worst investments of the year
Post by: vuduchyld on September 17, 2014, 08:28:29 PM
It's funny.... bet long on the S&P this year and you are swimming in gains. Betting long on BTC this year has been nothing but heartbreak.

And if September 17th, 2014 is a date of great importance to you, this really matters.

Check in with me around January of 2034.

Okay, I'll do that. Maybe bitcoin will be one mirrrrion dollars by then. Or maybe zero. In the mean time, it's a volatile market, and timing entry is important. I'd prefer to see a reversal of the bear market before entering any (new) long term position, as averaging down in a bear market is simply bad risk management.

I hope you time it well.


Title: Re: One of the worst investments of the year
Post by: Nagan on September 17, 2014, 11:33:32 PM
If you want to talk about investment, you are using the wrong word. That should be "years".


Title: Re: One of the worst investments of the year
Post by: El Dude on September 17, 2014, 11:44:54 PM
if you talking about crypto related investment then "Litecoin" is one of them

WIY (Worst Investment of The Year) Award goes to
Litecoin :P

Litecoin was the best investment in the world in 2013 up 33 000 %


Title: Re: One of the worst investments of the year
Post by: hodlmybtc on September 18, 2014, 12:36:45 AM
Just sold my house, car and pets to buy more BTC from weako ass hands. Thank you OP  8)

My hat is off for you sir.

Wish I had a house, car and pets to sell :P


Title: Re: One of the worst investments of the year
Post by: riiiiising on September 18, 2014, 12:44:42 AM
Just sold my house, car and pets to buy more BTC from weako ass hands. Thank you OP  8)

My hat is off for you sir.

Wish I had a house, car and pets to sell :P

I cashed in my twins' college fund this morning to buy more.

They're only 6 but very wise and mature... I told them we could buy bitcoins that will be worth at least 1 million dollars by the time they're in high school, and they agreed I should buy more now while I still can!


Title: Re: One of the worst investments of the year
Post by: scarsbergholden on September 18, 2014, 12:50:36 AM
Just sold my house, car and pets to buy more BTC from weako ass hands. Thank you OP  8)

My hat is off for you sir.

Wish I had a house, car and pets to sell :P

I cashed in my twins' college fund this morning to buy more.

They're only 6 but very wise and mature... I told them we could buy bitcoins that will be worth at least 1 million dollars by the time they're in high school, and they agreed I should buy more now while I still can!

I'm glad you're just a troll, because that is a very scary thought. I'll bet some people are actually doing this, too. Insanity, really. I'm a long term bull, but I hope people are managing their risk....


Title: Re: One of the worst investments of the year
Post by: STT on September 18, 2014, 01:18:32 AM
Okay, I'll do that. Maybe bitcoin will be one mirrrrion dollars by then. Or maybe zero. In the mean time, it's a volatile market, and timing entry is important.

Someone work this out in excel then, buy bitcoin every day this year and what would the worth be now.      Just pointing out to us that btc peaked and fell isnt useful as every asset does this and we cant say it wont go higher in future.
Thats where BTC is useful, I can buy it a hundred times.   A house I have to buy once usually, gold you got to buy at least an ounce but really theres no reason for people to go all in on btc and hope for the best.   The exchanges let people buy tiny amounts if they want, if you really dream of the long term story why not buy every day for a year.   Makes more sense to me as most people have most wealth in gradual earnings

Quote
Last time things started to get interesting on september.
Why arent we saying over the last year because in that case btc rose.   YTD is one way to frame it but it is just one of many and right now that comes close to the peak


Title: Re: One of the worst investments of the year
Post by: freedomno1 on September 18, 2014, 05:00:45 AM
if you talking about crypto related investment then "Litecoin" is one of them

WIY (Worst Investment of The Year) Award goes to
Litecoin :P

Litecoin was the best investment in the world in 2013 up 33 000 %

Thanks for reminding me
At least I sold my Litecoin position that said it does make me curious what percentage relative gain it has now with the altcoin army in full swing as well, but I guess it has a decent value proposition now like Bitcoin.