Bitcoin Forum

Trust me your gf would raid your wallet, bleed your bank account, and fill her wardrobe with LV, Chanel, etc

Bitcoin and alts are 80% off right now, why aren't you doing the same?!

bags have a forseaable future use, magnitude and duration of that usage, your "gf" can quite well estimate that for a bag,

thats not the case for bitcoin and alts that are more then 85% off right now. unlike for a handbag, the magnitude and duration cant be estimated with such a certainty as for handbags.

thats the difference

What made you think that bitcoin people are not doing the same?? It's just that such people are not making any noise!

Those who have actually started with bitcoin during its initial phase, they are firmly holding on to it without making any noise. However, whatever noises we are hearing, are coming from the people who have entered during late 2017s and doesn't really believe in the blockchain technology. Bitcoin was just an investment for them and they are making heavy losses.
 

There maybe lots of smart investors really getting at bitcoin and stacking up huge amount.

But for casuals, I believed they are somewhat reluctant because they don't want to take the risk at this point. While for those who got burned last year, maybe they're just waiting for the right time - at least a indication that recovery is on the way before putting their hard earn money again.

I would have thought that almost everyone who is positive of crypto
are actually taking advantage.

On the other hand some of my crypto friends are waiting until the
price goes lower. One has $1000 to spend and wants to get the
biggest "bang for buck"

Personally I have been buying on and off for over a month now, small
amounts $25 here, $50 there, just topping up my holdings.

well i belive in blockchain or digital encription technology in general, but i dont belive in pow cults that manifest themselves with big universal corrupt indexes, like you do

There is some kind of assurance with us that after sale period is over then bag will be marked at full cost but here nobody can give you that assurance. Might be you can see 90% discount too.
Bag will be used and no body is purchasing the bag so that they lock under in store for next 10 year and with crypto everything speculative. People are using less but hodling more.

Lol. I don't even think there should be a comparison there. First, not all women are crazy for handbags and fewer would likely be interested in crypto. You're lucky if your girlfriend is like that since you'll have someone to share your disappointment or regret lol. Or someone who'll share your excitement when things move positively.

Unlike bags, bitcoin doesn't really have any definite use-case aside from being an asset that one would wait to appreciate or being a currency which only a few people and services at the mean time accepts. The analogy won't work and isn't applicable too, knowing that two different things are wanted for two completely different reasons, and one is readily available in stores while the other, you need to go through a lot of processing that takes a lot of time and effort, too.

Most of those bags are made in China and there's so many fakes out there it's getting very difficult to spot a real one. I'm not buying everything out there because it has a -80% tag on it.
I'm also not buying Bitcoin now because I have enough of it and not much fiat in my wallet. I'm ready to wait another year for a bull market but what if I buy with all my fiat money and have to beg for food while waiting for high prices?

There are many factors why people are not yet grabbing Bitcoin even if we are in the big dip right now. Unlike bags, the price of Bitcoin is very volatile so we don't know when is the real bottom for this. Bags can easily create a great satisfaction with women and maybe this is not really the case with Bitcoin as it is something we can't see, touch, feel and bring it to parties to show other girls of what they got. Now, can we then say that designer bags can be more valuable than Bitcoin? I am hoping this is not the case but am sure many women don't care as all they know is they want that expensive bags otherwise they can be divorcing their husbands who can't provide what they need...

what i am wondering is that why do you think that also "altcoins" are in the same position as bitcoin?
there are lots of them and many will simply perish this year after their  dumps and will never go back up again. their drops wasn't because of some bubble or anything like that, their drops was due to the dumping step of their two step pump and dump.

People look at Bitcoin as an investment tool and not as a consumer item.  :P  When certain shares or stocks on the stock market takes a nose dive, investors look for reasons not to invest or to get out of that market. <To protect the value of their total wealth>  

The smart investors, see a drop in the price as an opportunity and not as a threat, so they make the most profits when the Bull run starts again. <Not a lot of investors or traders have the balls to jump into a commodity or shares, when it lost 80%+ of it's original value.>

Also, not a lot of people understand the technology.  >:(

some will buy, some will not. No sane investor will invest in a single investment, they will divide their investment in multiple sectors.

This is a very positive outlook on the market. It depends on the potential value an investor sees in bitcoin and speculative timeframe. A number if investors are surely already filling up their bags at the current prices, and some are cutting their loses and selling.

Probably because all of my fund where sank down because Bitcoin really got down from where I bought it before, and I am just currently waiting for it to return.

hahaha, there are many factors that makes i still use the cryptocurrency especially on bitcoin, first because bitcoin is the currency, the value can change every time, every second if i can said, how about the bag? i think it will decrease their value when you buy it, and then you should keep your bag to keep it in a good condition

Because that's a bad comparison. Handbags are tangible and can be used in the long run while 99% of the altcoins today are cryptocurrencies that don't even have any real usage to the world. Handbags have a set price while Bitcoin and altcoin doesn't. Even if it's 80% it would not guarantee a profit.

What investors can do with bitcoin and gf can't with bags:
Just buy little portions of it, and this way, they can still accumulate a meaningful amount over the time, but you can't buy just parts of a bag, to put it together at home later...
So in case of a bag, you can decide to buy or not to buy, in case of investment, you can decide to buy in small fractions and also you can sell them if needed

Because not everyone has the same financial means to buy large amounts of bitcoin. Many things are taken into consideration before they actually buy bitcoin to save, unless big players certainly buy bitcoin and other altcoins at this time

Bitcoin is quite popular, but it is not enough. Many large investors are still eyeing it. But many have long stuffed their wallets profitable cryptocurrency, I'm sure.

the fact is, those bags are not a productive investment, but BTC is :)

This question has been on my mind for long long now.
The reason why some people are not taking ahold of the investment opportunity being presented by the fall in prices of Cryptocurrency could be attributed to fear of the unknown factors.
They might be thinking that bitcoin is scam or a bubble that could burst and get them bankrupt.
It's so unbelievable.

Simply because 60% of that 80% dumped coins are shitcoins and we do not want to buy not quality, useless  and unfamiliar coins. We are not that hypocrite to just buy many coins that we already know we cannot gain big. Though i must say, you made me laugh with your comparison but comparing branded bags with crypto coins are really inarticulate.

Interesting topic. My girlfriend once took a huge sum of money and spent it on her needs, without agreeing with me. Please do not deal with bitcoin either. This can greatly affect pricing. Be an adult.