Being upset that 1k will buy you only 1 bitcoin reveals at least two large misunderstandings on your part.
First of all is the psychological aspect of buying an expensive unit of investment. You think its so expensive to buy one unit that its too late to get in. I remember think something similar about Berkshire Hathaway in the 90s when it was about 8000$ a share if I remember right.
https://www.google.com/finance?q=NYSE:BRK.A&sa=X&ei=CSOoUoPMJoPj2AWf8YGAAg&ved=0CC0Q2AEwAASecondly you misunderstand a fundamental advantage of Bitcoin. Buffet may never have wanted to split BRK.A, but bitcoin has splits built in. *IF* we sustain levels between $500 and $1000 then we will continue to the the Mbit (millibit) become the favoured denomination of btc.its already happening. "One bitcoin" is a somewhat artificial construct. As is 1000 mBTCs.
One last thing. I am capable of spelling out in a semi intelligent way the reasoning behind my thought processes with BTC. But you have to understand it has not seemed worth it to me.
I will explain why.
You started this thread with an overbearing tone. You sounded judgemental and arrogant. You came off as a know it all. Called some dumb, stupid, or insane. And constantly waved around a 'degree in finance from a respected school'. Your tone has changed somewhat.. But you still obviously have judged most here in a negative light.
To be honest this is one of several ignorant positions on display from you in this thread.
You would be better off assuming there are some here who know more than you. I can guarantee you you have spoken to successful professional traders and folks who are highly educated.
As has been mentioned you essentially suggest we should time the market, and you were sure btc would go down at a specific time. You may have been right about that. But your insistence on this display of hindsight is an old pattern most of us here recognize. Its a noob investor mistake.
Another one... Feeling like its too late to get in btc for the price. "Not interesting to have only 1 coin to trade". Noob error.
I just don't buy that'd its too hard to buy btc in Lebanon. If you can use the net you can find a way.
You have a donation address and ad in your SIG. You obviously want btc.
Youre upset some of us have not taken the time to make good arguments. Why should we? You came in here guns blazing. And seem ignorant to some simple concepts. (Hindsight is 20\20 and timing the market is folly for all but the best)
Its like trying to explain to a blind man that I am not a fool to believe in color.
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), your posts get a lot of respect from me, sgbett. This one is no different, 95% insightful, but a sweeping line like "TA is apophenia" is just, no offense, dumb. Might as well claim particle physics is like predicting lottery numbers -- just because the process is stochastic doesn't mean there are no patterns.
