how much have you lost?
You don't lose till you sell. No, that's delusional. You have to value your assets at market. Let's say you had $1000 and you bought one bitcoin and now it is worth $200. There are two ways to look at it without being delusional: 1. You have $0 and 1 bitcoin, but "you don't lose until you sell". In this case, you lost $1000 when you bought the bitcoin. According to you, you have a bitcoin that has no value until you sell it. You have $0 plus a bitcoin worth nothing, so you lost $1000. You may gain some money back when you sell the bitcoin, but in the meantime you lost $1000. 2. Mark-to-market: you have $0 and $200 worth of bitcoins. In this case you effectively have $200 because you can exchange the bitcoin for $200. You lost $800. Correct. Stating 'I have 1 bitcoin, which means I still have 1 bitcoin until I decide to sell' is nothing but a philosophical retort. I can sit here all day and retort with, 'I still have life until the time I die.' But just having 1 bitcoin in cold storage...still has a 'real world' dollar and utility purchasing power value less than what you purchased it for (if this is indeed the case) Placing a sentimental or emotional value higher than that might be an offsetting moral victory for some in the face of financial loss. That's certainly fine. To each their own. |
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This house was inherited from my father who passed away a few years ago Dear god. So your father works his ass off his whole life only to provide a better living for you, and you squander it all away at a 2/3rds loss in a matter of minutes? Wow. Can't even make this stuff up. There's 'smart, diversification investing' then there's this. Reminds me exactly of this: http://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/And this is why people need to be very careful when they word their wills and set aside allotment allocation of funds per year (barring any medical emergency) so that the inheritants dont make absolute asinine decisions like the OP. Wow. |
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That's like saying 1 dot matrix printer is 1 dot matrix printer. It still doesn't detract from the fact it's damn near worthless in both utility and resale price from when it was originally purchased.
They are awesome parts sources for 3D printers, especially the wide carriage ones. I will agree there. But as per their function and utility as a unit, they are a far cry from 2+ decades ago. But damn, at the time...dot matrix printers was like wizzardry compared to typewriters lol. |
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> assuming the price will ever recover to the same levels you bought in at
No, what I said doesn't assume anything. It's plain English and logic. If you want 1 Bitcoin for $1000, you lose $1000 and gain 1 Bitcoin when you buy. If you don't sell the 1 Bitcoin, the changes in the market don't magically take away your 1 Bitcoin. If you sell that 1 Bitcoin for $2000, you have lost 100% of your Bitcoin. If you want to talk about opportunity costs, compare it to a vacation that costs you $1000 and 180 hours of your time. Can you later sell that vacation for $500, or get back any of your lost time? No, but if you sell your 1 Bitcoin for $500, then you're $500 richer than if you had spent that $1000 on a vacation. I have no idea what you just said. If you sell 1 bitcoin for $500 but purchased it at $1,000, you took a net loss of $500. 1 bitcoin is 1 bitcoin if you hold it. Is this a philosophical attempt at logic? That's like saying 1 dot matrix printer is 1 dot matrix printer. It still doesn't detract from the fact it's damn near worthless in both utility and resale price from when it was originally purchased. Your 'my 1 bitcoin is still 1 bitcoin' mentality is nothing but a hoarder mentality. Meaning, you will be the first to catch fire once the train leaves the station, because you bought a ticket, but never used it. Thus, it's basically worthless, because you never even used it for its intended use. It's worth simply the intrinsic value of the piece of paper itself (or in your case, a few bytes of data on a harddrive). I think you have a hard time distinguishing between sentimental worth and purchasing power. Perhaps you should have straightened that out before you 'invested' in bitcoin. People HODLING for ages remind me of those people hoarding retro release Air Jordans and call themselves shoe heads. They say they're the best shoes ever made, hype them to the moon on forums, but have not even so much as taken the wrapping off the package, for fear they'll destroy 'future resale value.' That's not a belief or use of technology, that's blind hype investing. There's a fine, fine difference between the two, and it's easy to tell who's who in this bitcoin game simply by what they type. Guess which category you and the OP fall?  |
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Unfortunately gold's real world utility has been decreasing in the industrial world, which is where it derrives a great majority of its value. It's value now really only hingest on jewelry and its 'traditional' use. India is probably one of its biggest markets. I don't really foresee any great sustained bullish sentiment for the foreseeable future, unless the feds announce something catastrophic (qe3 did not do much if anything to help the prices).
It is always a good idea to have gold on hand. Go to any modern country on the planet and you can barter with gold. Institutions might not accept gold but individuals will always accept it. I have a bit of gold and silver, but not that much. Yes, I do agree it's great for a rainy day...but I'm not quite as bullish long term as many others may be. Might be another few decades before we ever see them hit those record prices again, if ever. |
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lol@thread title.
And you wonder why the general public views the average bitcoiner in such a negative light. Overly paranoid, dillusional, conspiracy theorizing libertarian neckbeards. Some of you guys are just as bad as MLM marketers and phone telemarketers, if not worse.
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Interesting plot twist: what if OP is nothing more than Adam's friend or his alt forum account trying to indirectly drive traffic to his page for self promotion? |
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Good. Hopefully they throw the books at him. How he's a free man still investing up til now escapes me.
But just like OJ simpson, you can commit murder once and get away with it, but you'll eventually eff' up again and reap what you sew.
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how much have you lost?
You don't lose till you sell. No, that's delusional. You have to value your assets at market. Incorrect. If you spend $1000 on 1 Bitcoin, you have 1 Bitcoin no matter what the market price is. That is what you bought, and you haven't lost it as long as you have that 1 Bitcoin. If you sell that Bitcoin for $500, then you have 0 Bitcoin and $500 instead of $1000. Then you have $500 less than you started with, and nothing else. But you already lost the $1000 as soon as you bought, and you gained 1 Bitcoin. > assuming the price will ever recover to the same levels you bought in at > assuming you'll have the sanity to actually sell when/if that point ever comes, seeing as many of you didn't sell the first time around when you should have  So riddle me this dillusional HODLERS...if this is nothing more than a long term 'belief' in technology, but you aren't even using the technology, and just codling it like a baby in cold storage, then what is the point of you even having bitcoin? I thought the entire purpose was for its usage. That's not using it. And oh wait, it gets better! To actually use it, means its purchasing power is still tied directly to fiat...meaning you're taking a loss at current market levels. So in essence, what you're really waiting for is 'TO DA MOON,' meaning some unrealistic messiah shill levels of like "$100,000 per coin...I guarantee it!!!!!"  TL;DR: ITT: shill 'investors' hiding behind a guise of belief in technology and 'changin da system yo!' Good luck with that pipe dream lolllllllllll. |
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> implying 12 hour dead cat bounce implies a permanent price reversal
lol.
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I didn't stutter. First you cry, then you gloat about 50x profit. Which one is it? Or is your memory still fuzzy?
It's ok if you don't want to discuss your obvious contradictions. I forgive you.
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Bitcoin is ultra fast: 15 minutes average for a confirmed transaction time. I can pay with something via paypal or credit card in a few seconds, instantly.
Its instant for most transactions isnt it? no confirms needed with most payments? Very few merchants will accept a 0 confirmation payment, due to the possibility of double spending. I believe the first confirmation typically takes around 5 minutes or so, and 3 more or takes around 15 minutes, on average. |
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All you need to know.  |
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For one thing, there was no easy way to find things on the Web. Well, we didn’t get Google until 1998. We had Lycos, Yahoo, Excite. Google came much later. Add altavista to the mix. That moment you realize the OP is some 18 year old kid who pretends to know what they're talking about.... |
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I've been around long enough and know the price will recover sooner or later, but that doesn't stop the sting.
I realized i was laughing, that sad laugh that escapes you when you are completely powerless.
Kind of like how i'd wake up in a bar and remember i had a final exam in twenty minutes.
So i laughed my sad laugh, and deposited more money to buy more coins, what a confusing world we live in.
You are the poet of the blockchain Bit :-) Thank you  @ flipstyle..... I bought most of my babies when the world was but a small place. There were guys like you then, just like there are guys like you now. They said, "it will never work, you will sink" as i sadly deposited more money to buy more coins. They shook their heads and abandoned me to the tide, for to them i was a lost cause. You only increase my sadness when i ponder your foolishness, standing on the beach laughing at the guy building a raft. You say many words, but we all hear the hollow echo as in your heart you know my path is true. You are like a cornered animal, lashing out at everything and jumping at the slightest sound. You've already cried your $1000 dollar tears and now try to drag others down in your misery, My raft shall be be my deliverance as i call all the little lost Bitcoins to my side. And i know when the time is nigh, I'll ride once again into a glorious outcome. I remember the screams and the wailing, when my old $1000 raft became $ 50 000 ~Noah So you create a self-loathing thread with a tone of nothing but sorrow and regret. Then attempt to validate yourself by comparing your meager failed investment to a fabled biblical character? Seems to follow your past logic of living in a false reality. If it's one thing bitcoin shills and MLM marketers share in common, its a high sense of illusion and grandeur tales of promised riches. Whatever makes you feel better, bro. Meager in your rich life style, in mine a x50 rise is a big thing. Your bitterness at your losses or whatever reason is what leads you to post scathing comments in other threads. I'm sorry but trying to agitate other really isn't going to fix your problems, we can talk about it if you want Right. So first you claim you were experiencing the sting of an obvious market bubble and looked for sympathetic bro-hugs. Then I try and knock some sense into you by stating your own sadness was nothing more than your past and continued mistakes, and that you need to wake the hell up and quit committing these investment fallacies. Your 'defense mechanism' kicks in and you suddenly retract your story and reinvent yourself as some battle-tested messiah who has no time to weep when you're basking in a 50x profit. Hey, you're the one parting seas, not me champ. If ever you'd like to finally get your story straight and sober up from your obvious current state of disillusionment, then I'm here for ya. But I probably won't tell you what you don't want to hear, seeing as you have some unhealthy infatuation with self-inflicted pain. |
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I've been around long enough and know the price will recover sooner or later, but that doesn't stop the sting.
I realized i was laughing, that sad laugh that escapes you when you are completely powerless.
Kind of like how i'd wake up in a bar and remember i had a final exam in twenty minutes.
So i laughed my sad laugh, and deposited more money to buy more coins, what a confusing world we live in.
You are the poet of the blockchain Bit :-) Thank you @ flipstyle..... I bought most of my babies when the world was but a small place. There were guys like you then, just like there are guys like you now. They said, "it will never work, you will sink" as i sadly deposited more money to buy more coins. They shook their heads and abandoned me to the tide, for to them i was a lost cause. You only increase my sadness when i ponder your foolishness, standing on the beach laughing at the guy building a raft. You say many words, but we all hear the hollow echo as in your heart you know my path is true. You are like a cornered animal, lashing out at everything and jumping at the slightest sound. You've already cried your $1000 dollar tears and now try to drag others down in your misery, My raft shall be be my deliverance as i call all the little lost Bitcoins to my side. And i know when the time is nigh, I'll ride once again into a glorious outcome. I remember the screams and the wailing, when my old $1000 raft became $ 50 000 ~Noah So you create a self-loathing thread with a tone of nothing but sorrow and regret. Then attempt to validate yourself by comparing your meager failed investment to a fabled biblical character? Seems to follow your past logic of living in a false reality. If it's one thing bitcoin shills and MLM marketers share in common, its a high sense of illusion and grandeur tales of promised riches. Whatever makes you feel better, bro. |
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They trusted the wrong person, nothing more. It's all a matter of trust and the faulty nature of it. People simply don't understand that their wallet -is- their bank. If you willingly choose for someone else to hold your money, why are you using bitcoin in the first place? (Probably for a get rich quick scheme... in that case just keep on keeping on...) You're exposing yourself to all the disadvantages of fiat, and disadvantages of bitcoin. Why would you do that? The answer is trust, and the faulty nature of it.
Bitcoin isn't "for" everyone; it's "available" for everyone...
Mind identifying who it was created 'for' then? I'd be interested to know about the target demographic. |
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It all depends on supply and demand, unlike regular money we can't just keep printing when needed.
There is no demand. Nobody says I will ONLY accept Bitcoin Except drug dealers and child pornographers. |
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lol oh man. ultimate thread backfire. Such arrogance as well.  |
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