I try to keep things in check..and have done worse things with BTC this year..but the one that stands out as an OUCH!
Is the 1.01 BTC I paid when BTC was worth about $1,150 bucks...thus I paid at $18,920.73 btc now $19,109.94 to pour cement in an old
cistern in my basement to level the floor up....for a workshop there....again OUCH!
I did worse, last year...but reminded every time I sweep the workshop floor. Ack!
I paid 19 btc if I remember correctly in 2013 (currently over $350k) for a brick from Butterfly Labs.  Ouch, that's gotta hurt. It's kinda interesting looking through posts from the past few years and seeing the same type of comments. I think in the next 4-5 years, comments are going to be even more amusing to read. Instead of people talking about how they regret spending their btc, we'll look back 5 years from now and see comments like: "In 2017 I divested some portion of my bitcoin into multiple altcoins.... now I look back and did the math, and had I just left everything in bitcoin I would have had [2X/ 3X /4X /insert some multiple here] more wealth than I do now." |
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Twitter has never had a profitable quarter based on generally accepted accounting principles (GAAP). And I believe both their user growth as well as earnings will continue to fall in the coming years. A company that makes zero money should not be worth billions. |
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And i thought Roger couldn't sink any lower...lol, what a retard. Clinical narcissists overuse the word "I" (and "my") in their writing because they constantly self-reference. He managed to use it in both sentences, lol. |
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Again, I've done dumber this year (2 Bitmain D3's that will never ROI at 2.51 BTC w/PSU's etc) But, again...damn tough to sweep the floor in the workshop w/o this crossing my mind.... ON THE OTHER HAND....if I added up all the BTC I spent (don't look at your Jan 2017 hot wallet...it is ugly) I could be beating myself up I should just think when I sweep the floor, better the twinge about that, over the angst of adding up all the dubious stuff I got with crypto this year ..shudder an inoculation against 20/20 hindsight as it were the mind is a funny thing  Well, we have to remember that Bitcoin was originally planned to be a currency to spend. But in some ways that has been a perpetuated fallacy. Because over the past 4 years of me being involved, I have to admit that in not one instance has Bitcoin ever been "better" than just buying the item with fiat directly. Meaning fiat was easier, fiat was faster, fiat didn't appreciate in value later on, etc. The only real benefit to using bitcoin was cutting out the banking system middleman. Sad to say, but Bitcoin as digital gold is a better analogy.... for now, anyway. As long as Gresham's Law applies to Bitcoin vs. fiat, it will be. |
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My friends be like:
The sheeple will be sheeple. They never research and pull the trigger on a great opportunity. Then they want to bemoan their lack of initiative afterward. Even smart people like my father who is a brilliant CPA had opportunities in the 70's to buy BRK/A, in the 80's to buy Microsoft or Apple, and in the 90's to buy Amazon or Google. But he never did, and now he just says "I wish I had bought [this or that]..." He didn't even look at Netflix before it became a thing. Moral of the story: Don't be the 99.99% who are always looking in the rearview at missed opportunities. |
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Both stocks and bitcoin are nothing more than crowd sourced pump and dumps so the degree of trust is entirely determined by personal investment. If anything, that article is kind of a warning sign that much of the retail investor is already in on bitcoin leaving not as many greater fools to buy higher. Actually you are dead wrong. The stock market and the Bitcoin market are nothing alike. Equities are designed, structured and launched to enrich only the 1% on day 0. The Bitcoin market is the closest that mankind has had to a "free market" in hundreds of years. You need to do some research before you speak.. |
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So you think that Bittrex going down could finally burst this massive, unsustainable bubble??
Golly jee willikers Batman, thanks for pointing this out!! No one here ever thought that a bitcoin EXCHANGE could possibly go down?? You have such insight and brilliance!
I'm going to rush right out and sell all my btc now before it crashes to zero!!
/s
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Just treat it for what it is, a continuous pump and dump you might make or lose money on.
Nah. I'd rather treat it as the multi-year, continuous, pump-and-pump that I haven't lost a dime on, thanks. |
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I wish proudhon wasn't right, again. He's always correct though, just look at the data. Not looking forward to the epic crash to zero that is coming soon.  I also wish he would give trolling lessons to TERA2, jbreher, realr0ach, and some of the others. They could learn so much from him. |
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And while the Pentagon looks at the sky for UFO 's, you can also read this on ZH, I quote a pice of the introduction :
"There is just one thing that cryptocurrency bulls love hearing more than Dennis Gartman bashing bitcoin, and that is Whitney Tilson bashing bitcoin. The reason is the same: just like Gartman, Tilson has rarely if ever been right about anything -in fact, it is almost safe to say that he has been largely wrong about everything - with the added bonuses that unlike Gartman, Tilson has blown up not one but two "hedge funds" (which really were copycats of other hedge funds)."
Enjoy... .
If Tilson was really a genius fund manager and could call a top on Bitcoin, then he wouldn't have to preface his prediction with "But for all I know it could go to $1M first" like all the other geniuses out there. That's just moving the goal posts waaayy out so he doesn't have to look wrong. That's about as useful a statement as me saying "The U.S. stock market is in a bubble and is going to crash again one day, but for all I know the S&P 500 could hit 10k first!" There, I just said it. I guess that now makes me as smart as a billion dollar hedge fund manager then? |
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Theres an easy solution to regret and thats to realise you wont live forever so make the most of each day and maybe more practical is to only sell your BTC to invest into other things. Dont spend it on junk because then you will regret as much the purchase was not worth it, this is a shock to the system for most as modern society has become about spend spend spend and with BTC you should consider do I really need to because I might lose out.
The BTC I spent went onto things like a monitor, I was using a chunky old CRT screen for years and because everyone else is on a nice screen I was finding webpages were increasingly hard to read. You dont realise it but they accommodate the average user setup in their web design and that is not an old CRT.
So I used to be a BTC miner, not tons but enough to buy a nicer widescreen LCD display which is so much finer then the old one and it let me carry on using the internet. So it was a reasonable investment, in todays money that monitor was about $5,000 maybe. Thats too bad but I cant regret having to use my funds sometimes and it was fairly essential.
Last year I sold 0.3 btc for a few hundred dollars. Again to buy computer parts, kinda essential. The main way I've sold BTC this year ( I held most till the summer) was to buy in some gold, this is a very reasonable hedge and parallel to crypto in not being part of the FIAT or QE system we are all stuck in.
Thats my main recommendation to people who find they sell BTC or feel they have to. Hold a bit of gold as well because this has been used as a hedge for centuries and it will continue now, major exporting countries are currently buying in larger quantities then they have for decades previously. I take that as a new paradigm as much as cryptocurrency has been, however right now its not as popular Im sure.
One of the best posts here. I agree with this 100%. Only spend btc on things you absolutely need, or other hedge vehicles like PMs. Don't spend it on junk and other depreciating goods that you could just as easily spend your fiat money on. Buy back btc whenever you can. That way you have no regrets. |
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If you look at all naysayer or troll posts, no matter what the argument they are presenting, they all boil down to one and only thing.
To try to dissuade you from buying Bitcoin and holding it.
So ask yourself: Why would they care about you so much?
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Very sad development.
Former Verizon lawyer and current FCC chairman Ajit Pai openly mocking Net Neutrality proponents concerns. https://youtu.be/79nQqqbrXxgDude has the most punchable face I have seen in a long time. Yes he does. It's not over yet though, it will likely head to court. Also for the record, there are plenty of Americans on all sides (conservatives, liberals, and libertarians) that are really pissed about repeal of net neutrality. It's a slippery slope that will only lead to unfair practices. |
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What?
Still no $20K?
What have you guys been DOING all night...sheesh.
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You should never regret selling your bitcoin, esp when you realize that someone else excited about bitcoin bought it from you.
We are all in this networked eco-system together.
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I guess now it is important to protect what you have. If you have become rich from Bitcoin, don't piss it away on some new investment that is 'certain' to succeed.
Why do you think I don't piss away my Bitcoin returns on any of those shitcoins? None of them are going to become "the next Bitcoin". That's a fallacy wrapped in clever marketing. But people will fall for it anyway. Bitcoin is the next Bitcoin. |
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It's easy and fun to look at things in hindsight, but know that you don't bet the farm on every opportunity because most do not pan out. This one did....
I'm smart enough and experienced enough to know that an opportunity like this won't come along again in my lifetime. This is the asymmetrical bet of the century. But I'm also saying this: If I had to start all over from zero and put the same amount into Bitcoin today, I'd do it all over again in a heartbeat. People that think they are too late have no idea just how wrong they are. |
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They are still in the "then they fight you" phase. So we haven't won allready. Bullish! Seems like nothing more than sensible advice to me. The guy's telling people they're on their own and he don't get it. And Bitcoin developers themselves warn people they could lose all their money too. I know. This is all a gamble. Could go well if bitcoin scales to the demand, could go wrong. I'm just chiming in on the hype. Personally I think we're at the beginning of the mania phase. By now either my mom nor my grandma nor my brothers want to buy bitcoin. So there's room to grow. If my grandma asks me if she should invest, thats a clear no from me. If we have a slower but constant rise over the next months, this assesment could change. I don't think it is much a question of investing vs no investing. It could well be a yes to investing for everyone... depending on HOW MUCH. I don't see any problem in everyone "investing" any quantity they would otherwise just SPEND/WASTE in a casino or other useless lucky game. Same as I don't see any problem in any multimillionaire investing a few percentage of its net worth into it, even if he doesn't know what he's doing. Normies investing their whole savings? That's a solid NO. Luckily I'm not a normie and never invested. I just got my coins. Good old times when Bitcoin just lay about everywhere. Only problem: explain that to your tax office. I'll let you guys in on a little secret. There's a reason why the establishment continues to preach "only invest what you are prepared to lose" or "only invest 1% or less of your savings." And it has nothing to do at all with protecting you from your own stupid decision making. It's because they know Bitcoin is literally going to go to the moon, and they don't want entire nations of people retiring early. No working = no income = no tax collecting. They desperately need to collect income taxes from everyone until you're 65. Without that the whole ponzi system would collapse. I didn't listen to them back in 2013. Now I'm retiring early. |
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