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Ironically, gold up ~3% on the year, while bitcoin is down about %600.
Interesting.
No denying that bitcoin is the clear winner on the 5 year charts, but it's no secret the earliest adopters are always the ones who make a killing.
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fuck you all when my great nan dies I inherit her estate then I will get into the property market and rent houses to other mugs as people need to live, eat, drink, shit, sleep and watch sky fuck bitcoin however... ill still leave my funds in blockchain you never know but for now im out of this shit.
ill max out premium bonds, isas then monthly income accounts fuck this non asset shit
>inb4 property market crash That's why the smart money rents out their properties. Recurring income sitting on your ass never gets old. |
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I think what you meant to say is the GOVERNMENT TEAM WINS.
Fiat can collapse. That's fine and dandy. But even in the unlikely event that it ever will, guess who comes out with their own line of crypto currency? Yep, you got it. They will always, always control the money flow in the world. And when that happens, bitcoin will either take a major backseat or disappear altogether.
Unfortunately, Satoshi in his libertarian, generous nature made the cryptocurrency technology open source, and did not patent it.
The sad truth. But it's time to accept it.
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ill max out premium bonds, isas then monthly income accounts fuck this non asset shit
Looks like you've gained some sense. So in essence, Bitcoin did teach you a valuable lesson. Open up an IRA for good measure. Then enjoy your retirement while having all the hair on your head from not having to worry about checking charts every 15 minutes. |
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We hit the floor @ $200, it's all uphill from here!  inb4 OP believes this and buys more...then creates a new thread in 5 months pondering suicide. I swear man, this is better than Dave Chappelle stand-up. |
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zero news, again this fuder has brought us more false news
No he hasn't. What he was doing was setting up exposure for Bitcoin entrepreneurs. If you check the #bitcoin twitter channel, it's chock full of promotions for any and every bitcoin initiative that's going. A lot of them are very interesting too - stuff that you would never know about otherwise. He's trying to rotate the bitcoin "iceberg" - the stuff that's still underwater. What would you that he rather do ? Tell you that you were all going to be millionaires or do the hard grafting to make you millionaires ? He doesn't deserve criticism, he deserves praise for this. Us people are sitting on our hands waiting for our investments to make us rich while he's out there thinking up creative ways to light a fire under projects that will garner adoption. The joke's on us. Guerbuez has done more groundwork to promote bitcoin in the last 10 minutes than this thread has done in 2 days. https://twitter.com/hashtag/bitcoin?src=hashHe's made his living (jailed) off deceptive social media click bait to promote penis enlargement pills and weight loss supplements (which, apparently, he himself needs). So no. He doesn't deserve praise. He deserves to have his internet priviledges revoked for life. |
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So in essence, OP is just praying for another pump and dump savior to come along and repeat 'history.' Perhaps time to get Karpeles back on board?  |
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> implying $50, 48 hour dead cat bounce translates to bull reversal of 7 month, $1000 crash  Buy, buy, BUY!! |
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this is my life savings here and i dont want you to fuck it up for me its all your fault
 Bitcoiners sound 'investment strategy' in a nutshell. |
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It's called "Advice" just like you get on TV about your stock investments.
Take it or leave it.
I don't have to engage in an argument, my position is being underlined every day.
Am I happy its going down? No.
Did I prepare for it going down: Yes
Well put. I'm on both sides of this argument. I think that long term, digital currencies are the wave of monetary future. Fiat currencies always fail, due to the simple fact that central banks can inflate at will, and frequently do so to cover their own tracks or attempt to mitigate against the stupidity of governments. It never works in the long term, but it does "wonders" in the short term. Digital currencies, by contrast, inflate at a very controlled and largely unmanipulable manner. This makes them a better vehicle for finance in many ways. Also, their quick settlement period will make them attractive to financiers and businesses alike, once third party processing becomes prevalent. And yes, I do realize that removes the "trustless" paradigm for day to day purchases, but that is necessary if BTC or other digital currencies are to break into the mainstream. The average purchaser does not give a damn that his VISA card actually doesn't settle for 14 days, but he does give a damn that his bitcoin transaction takes an hour to be confirmed. With something like a VISA for BTC, that would change, as settlements up the line are cheaper and faster. Fundamentally, you are correct. But the main point all bitcoiners seem to be in grand dilliusion with...is thinking somehow BITCOIN will become the currency of the future. No. The crypto technology in itself may be the future, but anyone thinking any government would just let a blockchain ran by faceless miners (who also reap the fees) become the world currency, are seriously sniffing the paint fumes. The government has, can, and always will control money. So yes, the crypto technology itself may have a bright future. But rest assured, the government will be the one creating their own (most notably, the US government), which would mean all alts including bitcoin would either take a huge hit or eventually fade away into obscurity. |
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I am considering a loan myself: but not until I have the cash-flow to avoid being forced to sell early.
Essentially, you should be able to comfortably service the debt for a year or more as the price of Bitcoin goes through it's usual roller-coaster. That implies you should avoid loans that require you to sell if the price of Bitcoin drops too much as well.
I was dumb and did not follow my advice: Bought at a "low" of $400 in November (before having enough income to choose when to sell) I'm very new to bitcoin and read in this thread about a crash that BTC went through. What happened at the last crash of BTC? Did it go down very fast, too fast to respond if I need at least half a day to respond?
Say BTC indeed does go belly up, would you still have time to take your losses (sell at too low price) or is there a chance it would drop to zero all at once?
The bulk of the last crash happened within about 2 hours. After about a day, the price did drop in half again, but there is no guarantee that would happen every time. For Bitcoin to go to zero, something drastic would have to have happened. I missed a $150-$300 buy window because I did not want to take a loan. I don't think the Price will drop below $300, but I don't know where the real "floor" price is. Looks like I was wrong about the $300 price floor. I did the math, and can't get money to the exchange until the 27th (5 business day hold at bank + 2 business day transfer to exchange, including 2 weekends). Kinda want to double-down so my average price is around $300. I have no idea if Bitcoin is going to be worth more or less than $250 in 12 days. Why on god's green earth would you try and make the same mistake twice, after already being remorseful about your initial decision? This is beyond me. Why don't you do the actual rational thing and wait to see if your currently owned bitcoins ever get remotely close to your purchasing price before you try and double your risk factor at a huge loss? You know...like actually 'learn' from the mistakes of yourself and others on this forum who kept buying and taking out loans while taking losses until they stopped posting and disappeared. |
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And now the price of Bitcoin is less than 200 USD. Why?
Market psychology. Try to explain please. complete scam artists hoping to convince people to sell low so they can affords to buy in .................lolz The only scam artists are the ones running exchanges and fake IPO's. Oh...and the people guaranteeing everyone is going to get rich off btc. Because they wouldn't bet any of their own personal money on those guarantees. As with everything in life, educate and research and make sure you only invest as much as you can afford to completely lose. Doesn't matter whether its bitcoins, silver, or stocks. There are NO guarantees in anything in this life except for 1) death and 2) taxes |
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Why do people actually fall for it? Like are they expecting to actually get a return on a investment that has the Ponzi in the title?
In my opinion the negative light that is shed on ponzis is not right. I don't play ponzis but its not like they are lying. A bad example (one that deserves negative attention): BTC-Arbs - advertised they make arbitrage and obviously were a ponzi, lying about who they were from the beginning. A good example (doesn't deserve negative attention): any PONZI site with name PONZI in it As long as a ponzi site explains that not everyone wins and that early people win, it is simply a gambling site. It is not a scam by any means. They say what they are and say that some win some lose. As long as they take only the fee they describe and that all people who are supposed to get paid do, there isn't a scam or anything negative. People who play ponzis understand its a gamble and understand thats the risk they take. Only time ponzis should be held in negative light in my opinion is when they to hide what they truly are like BTC-arbs and other similar sites have done.ITS A SCAM!!! I would prefer a gambling my coins to a casino rather than putting it in a scam. That's your personal preference, but it's not a scam when the players know the rules, and all the winners get paid. What part would you consider to be fraudulent to justify your classification as a scam? Simply knowing the rules and having winners get paid does not necessarily equate to something not being a scam. I'll give you an example: online poker. There's a reason why the U.S. government took it down completely. Not because they couldn't tax earnings, but because they couldn't completely assure a fair odds system (ie, bots and/or skewed odds/fixed hands) for players as the servers were based overseas and not fully transparent. So no...just because an online site states clear rules and real winners get paid, does not mean everything is being run clean 'behind the scenes.' That's why there are checks and balances. But if it's a non fully transparent business, then there is always room for illicit activity behind the scenes. |
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can we stop trolling a guy who clearly made an amazing financial decision for the long term and will reap rewards within a matter of months assuming he still owns the coins?
kthx
You're exactly the same person who wouldn't dare open up his pockets to him in the more likely event the price never recovers and he does lose his ass and needs financial help. Shill harder. You're absolutely right. That's what state-sponsored welfare is for. I can tell you this - if I was in his position, I would've done the same (maybe a few months later though... more coins) Oh, that's interesting. A libertarian that's pro-social assistance. And here I thought the two were mutually exclusive. After all, what better way to squander your financial eff'-ups than to just fall back on the same establishment you seek to take down. |
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can we stop trolling a guy who clearly made an amazing financial decision for the long term and will reap rewards within a matter of months assuming he still owns the coins?
kthx
You're exactly the same person who wouldn't dare open up his pockets to him in the more likely event the price never recovers and he does lose his ass and needs financial help. Shill harder. |
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Please, a little gratitude for the publicity he gave to the bitcoin community. It is his inheritance to do what he wishes with, and if he doesn't need the house, it is a better service to society than letting the banksters play with it at everyone's expense or buying gold and burying it.
The real estate market in North America is more inflated than bitcoin has ever been, and don't believe the measures taken by the central banks will stop the crash- they'really just delaying it. The problem here is extreme short sightedness, and this sale by OP was probably more beneficial to society than anything the many critics are doing.
Lol shills will justify dumbass investing habits 5,000 ways til sunday. 'Who cares if he's lost %65 percent of his investment thus far and completely went against what his father would have wanted (you know, actually making rational decisions)...it's going to the mooooooon, guaranteed!' 'he's better losing his ass donating into a relatively new, volatile speculative technology than to have actual spendable fiat insured in a bank! After all, why feed dem corrupt government politicians dropping money on wars and putting GMO's in our fruit roll ups...when you could give that same money to scammy owners of exchanges and european hackers illegally filtering in m80's and child porn into Ukraine!' |
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I would have done the same exact thing if I was in your shoes, I think it is awesome, and since you got the house for free, why not gamble.
I would like to sell you something that has high potential, since you seem like my type of guy. PM me for details. |
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Good joke... "Ulbricht admits founding the site, but says he isn’t DPR" hahaha Notice, the thread title says "potential" life sentence. Government has a long way to go to prove Ross had anything to do with anything illegal. Their goal is to get Ross to admit to wrongdoing. If they can't do that, he goes free. In the event government can literally find a string of evidence, where everyone in the string swears that it is the truth, and the string leads back to Ross, and he is found guilty, even if this takes place and Ross stands at sentencing, all he has to say is, "Can anyone come forward who can verify in court that anything I did caused him harm or damage?" Then, there better be someone who can prove that broken bones, headaches, cuts, bruises (not some silly mental worry-wart turmoil) was done by Ross. If they can't, he still goes free, if he and his attorneys are smart enough so that he can ask the question. It is a complete uphill battle for the government, if Ross doesn't open his mouth and convict himself... even if he is guilty as all get-out. lol@implying the government can't get their way one way or another. 'Government' and 'uphill' in the judicial system are antonyms. If you haven't noticed, the government is the judge, juror and executioner. It's essentially synonymous to suing google in their own in-house legislative court. Even in your unrealistic dream world scenario, should either of the two magically escape sentencing, then the government always has alternate ways to quietly erase them 'off the map,' so to speak. They can and will do as they please...without recourse. And I can't fathom how anyone in their right mind could defend either of the two. I'd be completely fine with an underground craigslist type selling world that strictly prohibits black market fire arms and hard drugs (no, marijuana isn't a hard drug). But supporting either one of these ass-clowns is essentially stating your support for heroin addicts and child pornography. i.e. you are a sick f___ (insert the blank) It is the ignorance of the people regarding common law that allows government to do this. Essentially, it is so simple. In court, none of the code or law applies to me, a man, unless there is a verified (sworn statement) by a human being who proves that I was the one who harmed or damaged him. Look at the websites in the above ^^ post. Yes, I understand how burden of proof works. However, anyone even remotely defending either one of these scumbags or hoping they 'beat the system' are scum themselves. I could understand if they were martyrs with a good cause like Martin Luther King, but both have nothing but dirty, selfish motives that contribute nothing positive to society with their actions. If you're a true believer in bitcoin you should be praying both of these scumbags get locked up for good...because they've done much more to tarnish its reputation than to help it flourish. |
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Good joke... "Ulbricht admits founding the site, but says he isn’t DPR" hahaha Notice, the thread title says "potential" life sentence. Government has a long way to go to prove Ross had anything to do with anything illegal. Their goal is to get Ross to admit to wrongdoing. If they can't do that, he goes free. In the event government can literally find a string of evidence, where everyone in the string swears that it is the truth, and the string leads back to Ross, and he is found guilty, even if this takes place and Ross stands at sentencing, all he has to say is, "Can anyone come forward who can verify in court that anything I did caused him harm or damage?" Then, there better be someone who can prove that broken bones, headaches, cuts, bruises (not some silly mental worry-wart turmoil) was done by Ross. If they can't, he still goes free, if he and his attorneys are smart enough so that he can ask the question. It is a complete uphill battle for the government, if Ross doesn't open his mouth and convict himself... even if he is guilty as all get-out. lol@implying the government can't get their way one way or another. 'Government' and 'uphill' in the judicial system are antonyms. If you haven't noticed, the government is the judge, juror and executioner. It's essentially synonymous to suing google in their own in-house legislative court. Even in your unrealistic dream world scenario, should either of the two magically escape sentencing, then the government always has alternate ways to quietly erase them 'off the map,' so to speak. They can and will do as they please...without recourse. And I can't fathom how anyone in their right mind could defend either of the two. I'd be completely fine with an underground craigslist type selling world that strictly prohibits black market fire arms and hard drugs (no, marijuana isn't a hard drug). But supporting either one of these ass-clowns is essentially stating your support for heroin addicts and child pornography. i.e. you are a sick f___ (insert the blank) |
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