Bitcoin Forum

Economy => Speculation => Topic started by: Topazan on December 18, 2014, 09:52:17 PM



Title: Don't think of it as selling
Post by: Topazan on December 18, 2014, 09:52:17 PM
Think of it as investing in another currency.

Just remember, never invest more than you can afford to lose, and quit while you're ahead.


Title: Re: Don't think of it as selling
Post by: rogerdonkey on December 19, 2014, 05:10:56 AM
do you mean, its time to hold  or time to buy.


Title: Re: Don't think of it as selling
Post by: RyNinDaCleM on December 19, 2014, 05:13:22 AM
do you mean, its time to hold  or time to buy.

I think he means to hold fiat or buy Dollars


Title: Re: Don't think of it as selling
Post by: ndnh on December 19, 2014, 06:05:55 AM
Think of it as investing in another currency.

Just remember, never invest more than you can afford to lose, and quit while you're ahead.

Investing in dollar? wow, very good idea. (sarcasm)
And it has a high potential for growth.

Trust me. $1 will never be equal to even $1.1  ;D
But
1BTC has a great chance to be at around $600.



Title: Re: Don't think of it as selling
Post by: waterpile on December 19, 2014, 06:38:33 AM
do you mean, its time to hold  or time to buy.

I think he means to hold fiat or buy Dollars

I think he means think bitcoins as a different currency and bla bla bla..


Title: Re: Don't think of it as selling
Post by: Mieehayii on December 19, 2014, 06:50:05 AM
For a long time, BuyBuyBuy (https://bitcointalk.org/index.php?topic=897125.0)


Title: Re: Don't think of it as selling
Post by: podyx on December 19, 2014, 06:54:23 AM
If dollars had the chance to rise by a huge percent like bitcoin does, then believe me, I would hold on to dollars like it was all I had.

I don't think the mindset you're suggesting to have is gonna change anything for anybody that knows what they've invested in


Title: Re: Don't think of it as selling
Post by: Bananana on December 19, 2014, 01:57:15 PM
Think of it as investing in another currency.

Just remember, never invest more than you can afford to lose, and quit while you're ahead.

USD risk is too low, I dont think its called investing. Its more like "doing nothing".


Title: Re: Don't think of it as selling
Post by: bromide on December 19, 2014, 03:33:14 PM
Think of it as investing in another currency.

Just remember, never invest more than you can afford to lose, and quit while you're ahead.

Investing in dollar? wow, very good idea. (sarcasm)
And it has a high potential for growth.

Trust me. $1 will never be equal to even $1.1  ;D
But
1BTC has a great chance to be at around $600. will never be equal to even 1.1BTC

FTFY because consistency :)
Those who sold BTC/bought USD have been pointing fingers and laughing at you for over a year now.


Title: Re: Don't think of it as selling
Post by: michaeladair on December 19, 2014, 03:34:53 PM
Fiat == Dumb
I have never heard anyone
ever say, "Fiat, to the moon!".


Title: Re: Don't think of it as selling
Post by: bromide on December 19, 2014, 03:37:40 PM
Fiat == Dumb
I have never heard anyone
ever say, "Fiat, to the moon!".

That's coz fiat holders aren't degenerate gamblers trying to get rich off internet magic beans.


Title: Re: Don't think of it as selling
Post by: asdlolciterquit on December 19, 2014, 03:42:07 PM
Think of it as investing in another currency.

Just remember, never invest more than you can afford to lose, and quit while you're ahead.

Investing in dollar? wow, very good idea. (sarcasm)
And it has a high potential for growth.

Trust me. $1 will never be equal to even $1.1  ;D
But
1BTC has a great chance to be at around $600.



so many things have changed....few months ago people say that btc was going to rise until 2-5k dollars...and now...600$, half of his top price of 2k13


Title: Re: Don't think of it as selling
Post by: sed on December 19, 2014, 03:45:21 PM
I think he wants us to print out the OP and put it on the wall near where we eat breakfast so that we can consider it like a mantra or a poem or a  spiritual aphorism.  That's the best I can tell.


Title: Re: Don't think of it as selling
Post by: JimboToronto on December 19, 2014, 03:52:31 PM
...for over a year...

 :) ;) :D ;D 8)


Title: Re: Don't think of it as selling
Post by: knight22 on December 19, 2014, 04:49:48 PM
Fiat == Dumb
I have never heard anyone
ever say, "Fiat, to the moon!".

That's coz fiat holders aren't degenerate gamblers trying to get rich off internet magic beans.

More because they are degenerate sheeples using non-scarce unit of accounts.


Title: Re: Don't think of it as selling
Post by: aztecminer on December 19, 2014, 05:29:04 PM
do you mean, its time to hold  or time to buy.

I think he means to hold fiat or buy Dollars




he is telling everyone to 'buy high sell low' .


Title: Re: Don't think of it as selling
Post by: bromide on December 19, 2014, 05:36:07 PM
Fiat == Dumb
I have never heard anyone
ever say, "Fiat, to the moon!".

That's coz fiat holders aren't degenerate gamblers trying to get rich off internet magic beans.

More because they are degenerate sheeples using non-scarce unit of accounts.

Calling other sheep "sheeples" and going against the herd doesn't make you any less of a sheep.  Just a retarded sheep with far shorter life expectancy.
Enjoy wallowing in your daddy issues, you financial rebel you.


Title: Re: Don't think of it as selling
Post by: fewcoins on December 19, 2014, 05:49:26 PM
Perma bears can't crack 300 this time!
ohhhh nooooooo, get ready for that bounce to 450+  :-*


Title: Re: Don't think of it as selling
Post by: Richard Branson on December 19, 2014, 08:33:57 PM
Fiat == Dumb
I have never heard anyone
ever say, "Fiat, to the moon!".


Just watch the world...
We need to buy fucking useless euros to stabilize the swiss franc, otherwise it is going to the moooooon!

Fiat is only dumb, if you have none and complain about it  ;D


Title: Re: Don't think of it as selling
Post by: Topazan on December 19, 2014, 08:43:53 PM
My motivation for creating this, if I had one, was to convince myself to let go of the HODL mindset.

Quote
Investing in dollar? wow, very good idea. (sarcasm)
And it has a high potential for growth.

Trust me. $1 will never be equal to even $1.1  Grin
But
1BTC has a great chance to be at around $600.
The key is to store your wealth where it will gain/retain the most purchasing power.  Over the past year or so, the USD has beaten bitcoin at holding purchasing power.  In previous years, it's been bitcoin by a long shot.  In the future, who knows?


Title: Re: Don't think of it as selling
Post by: inca on December 19, 2014, 08:45:42 PM
My motivation for creating this, if I had one, was to convince myself to let go of the HODL mindset.

Quote
Investing in dollar? wow, very good idea. (sarcasm)
And it has a high potential for growth.

Trust me. $1 will never be equal to even $1.1  Grin
But
1BTC has a great chance to be at around $600.
The key is to store your wealth where it will gain/retain the most purchasing power.  Over the past year or so, the USD has beaten bitcoin at holding purchasing power.  In previous years, it's been bitcoin by a long shot.  In the future, who knows?

Who knows. But perhaps selling after a 12 month bear market in a sea of good news is a bit silly.


Title: Re: Don't think of it as selling
Post by: Topazan on December 19, 2014, 09:01:34 PM
I've been kind of out of the loop, and I could use some good news.  Would you mind sharing?  Main thing that comes to mind for me is the release of OpenBazaar.


Title: Re: Don't think of it as selling
Post by: knight22 on December 20, 2014, 04:45:45 AM
Fiat == Dumb
I have never heard anyone
ever say, "Fiat, to the moon!".

That's coz fiat holders aren't degenerate gamblers trying to get rich off internet magic beans.

More because they are degenerate sheeples using non-scarce unit of accounts.

Calling other sheep "sheeples" and going against the herd doesn't make you any less of a sheep.  Just a retarded sheep with far shorter life expectancy.
Enjoy wallowing in your daddy issues, you financial rebel you.

That's right, I'm the sheep that goes against the herd going down the cliff.  ;)


Title: Re: Don't think of it as selling
Post by: sed on December 22, 2014, 08:15:44 AM
I've been kind of out of the loop, and I could use some good news.  Would you mind sharing?  Main thing that comes to mind for me is the release of OpenBazaar.

Another good news, imho, was that Microsoft is now accepting bitcoin payments.  I don't use microsoft myself, but I know that many people do.  The more places high profile places where bitcoin is accepted, the better.


Title: Re: Don't think of it as selling
Post by: bornil267645 on December 23, 2014, 04:05:00 AM
That's another way of putting it. Why not invest some Bitcoin for real cause for once.


Title: Re: Don't think of it as selling
Post by: sed on December 23, 2014, 07:37:22 AM
That's another way of putting it. Why not invest some Bitcoin for real cause for once.

Huh?  Was that in reply to what I said about microsoft?  I don't understand what you're talking about.


Title: Re: Don't think of it as selling
Post by: botany on December 24, 2014, 07:26:17 AM
The Hold mindset is not necessarily bad.
You need all kinds of people - savers, profligate people, holders, speculators, etc. to have a thriving bitcoin economy.


Title: Re: Don't think of it as selling
Post by: scarsbergholden on December 25, 2014, 12:27:17 PM
My motivation for creating this, if I had one, was to convince myself to let go of the HODL mindset.

Quote
Investing in dollar? wow, very good idea. (sarcasm)
And it has a high potential for growth.

Trust me. $1 will never be equal to even $1.1  Grin
But
1BTC has a great chance to be at around $600.
The key is to store your wealth where it will gain/retain the most purchasing power.  Over the past year or so, the USD has beaten bitcoin at holding purchasing power.  In previous years, it's been bitcoin by a long shot.  In the future, who knows?
in previous years the dollar has held steady while bitcoin has increased in value as people have realized what it is capable of achieving. The question of where the price will go in the future is unknown


Title: Re: Don't think of it as selling
Post by: Q7 on December 26, 2014, 02:46:42 PM
Another reminder I always told myself or anyone that I talk to in order to promote bitcoin is that, investing in crypto is a long-term investment. The fundamentals are there, the concept and technology are there, what it needs is time for it to stabilize and adoption to pick up.


Title: Re: Don't think of it as selling
Post by: bigtimespaghetti on December 26, 2014, 05:49:28 PM
Another reminder I always told myself or anyone that I talk to in order to promote bitcoin is that, investing in crypto is a long-term investment. The fundamentals are there, the concept and technology are there, what it needs is time for it to stabilize and adoption to pick up.

I would still call bitcoin a very speculative 'investment'. I always couch this whenever I talk to someone new to it.


Title: Re: Don't think of it as selling
Post by: ikydesu on December 26, 2014, 07:31:53 PM
Think of it as investing in another currency.

Just remember, never invest more than you can afford to lose, and quit while you're ahead.

This is advice ???

Fiat == Dumb
I have never heard anyone
ever say, "Fiat, to the moon!".

LOL ;D
and will called FiatCoin ;D

Think of it as investing in another currency.

Just remember, never invest more than you can afford to lose, and quit while you're ahead.

Investing in dollar? wow, very good idea. (sarcasm)
And it has a high potential for growth.

Trust me. $1 will never be equal to even $1.1  ;D
But
1BTC has a great chance to be at around $600.



That's RIGHT! that's bitcoin! worth than fiat ;D


Title: Re: Don't think of it as selling
Post by: botany on December 27, 2014, 11:35:05 AM
Another reminder I always told myself or anyone that I talk to in order to promote bitcoin is that, investing in crypto is a long-term investment. The fundamentals are there, the concept and technology are there, what it needs is time for it to stabilize and adoption to pick up.

I would still call bitcoin a very speculative 'investment'. I always couch this whenever I talk to someone new to it.

Take the money you had allocated for spending in Vegas/lottery tickets and use that to invest in bitcoins.
Be prepared to lose it all.  ;D


Title: Re: Don't think of it as selling
Post by: scarsbergholden on December 27, 2014, 09:08:21 PM
Another reminder I always told myself or anyone that I talk to in order to promote bitcoin is that, investing in crypto is a long-term investment. The fundamentals are there, the concept and technology are there, what it needs is time for it to stabilize and adoption to pick up.

I would still call bitcoin a very speculative 'investment'. I always couch this whenever I talk to someone new to it.
+1 on this. It is far from certain that bitcoin (or any crypto currency) will survive over the long term. IMO if bitcoin does end up surviving another 5ish years then it's value will probably be much higher then it is now


Title: Re: Don't think of it as selling
Post by: Nagle on December 28, 2014, 02:45:32 AM
Think of it as asset reallocation.


Title: Re: Don't think of it as selling
Post by: Foxpup on December 28, 2014, 05:09:36 AM
You can't possibly think objectively about Bitcoin while you have a few in your pocket. Put down the kool-aid and step away from the keyboard
You can't possibly post seriously in the speculation forum while you don't have a speculative financial position. Put your money where your mouth is and step away from the keyboard.


Title: Re: Don't think of it as selling
Post by: funtotry on December 28, 2014, 08:46:49 PM
Another reminder I always told myself or anyone that I talk to in order to promote bitcoin is that, investing in crypto is a long-term investment. The fundamentals are there, the concept and technology are there, what it needs is time for it to stabilize and adoption to pick up.

I would still call bitcoin a very speculative 'investment'. I always couch this whenever I talk to someone new to it.

Take the money you had allocated for spending in Vegas/lottery tickets and use that to invest in bitcoins.
Be prepared to lose it all.  ;D
Gambling in a casino has an entertainment value and a certain experience that people are willing to pay for. You get a certain level of fun and excitement. Additionally when you gamble, if the game is fair and you gamble "correctly" you should only lose so much on average each hand so if your bankroll is large enough the chances of you loosing everything is actually small.