Dude, get a freakin' life. Anytime you buy something in the hope it goes up in value you are investing.
I bought a nib Colt Python a few years ago for $2k, the same model is going for over $3k on GB. Did I invest in Colt the company? of course not, they stopped making them years ago. Did I make an investment? you bet your ass, and a good one.
Yes you "invested" in terms of a metaphor - in your own future. I grant you that, and in a sense this is also true in terms of "investment" as "saving", like you people are doing with Bitcoins. It's "investment into your future self". It's not a literal meaning, it's more a play of the words kind of thing. But going from there and coin yourself an investor because of it is where it breaks apart. I can "invest into" a house, a car, education, kids, a gun, a savings account or bitcoins. That however does not make me an investor it just means I am "investing" into my future by having foresight and plans. The problem with bitcoins however is as long as you even care about the price you are not even "investing" in that sense. |
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Nothing wrong w speculating but the replies are funny. Bitcoiners get defensive when someone calls them speculators. LOL
yay!  |
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So investing in commodities (gold most prominently) is not investing either?
Well there is investing in gold mines. As far as this self delusion goes I'd say it's the Goldbugs that pretty much started it. However the answer is more complicated than that, in particular the futures market and how its utilized by gold producers. But buying physical gold and stashing it is def. not investment. |
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I posted that, "Investing implies letting money work in a sense that it is actually utilized by somebody else."
That was the key point, everything else was examples to illustrate my point. When "return on investment" happens has nothing to do with it.
But notice the terminology of ROI and how it is consistent.
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Providing capital to something in order for that something to be able to perform its intended purpose = investing.
Hence, we're investors.
If I stuff cash under my mattress it also performs it's intended purpose, it stays there. We're participating in a superior currency model which will one day -- in the not too distant future -- free the people of the world from rampant government corruption and crony capitalism. We're all investing our money for a better tomorrow.
lol you see what I mean? |
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This shit gets old, get your facts straight.
Investing implies letting money work in a sense that it is actually utilized by somebody else. Buying stocks is investing and speculation, the company issuing the stock uses the money and pays out dividends.
That's the investing part.
The actual valuation of the stock is speculation, so for instance the value of a stock can rise but the dividends stay the same, this for example happens with pump & dump penny stocks.
Venture Capitalists do pure investing, they don't want a stake in the company but just effectively giving out a loan.
The obsession with holding and then calling it investing reeks of self delusion on your part.
So hodlers - lets argue.
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lol the scams of this community have started to spill over into other fields.
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Well you are still complaining, so no it probably didn't work.
And such, do you have the impression that bitfinex is losing customers at large? I don't.
So even if you were smart enough to gtfo that does not say others do.
Bitcoins psychopathic captains of industry know their flock must maintain the illusion of libertarianism at work at all costs and they have become very efficient at exploiting it.
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Mark is now the official /r/buttcoin mascot!  |
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They can do, without risk of punishment, everything that lawyers and regulators have found necessary to prohibit to stock exchange owners, over the last 100 years. Why should't they do it?
The invisible hand of the free market™ not |
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If something bad happen to bitfinex, you have the identity of their CEO and CFO and know who to go after.
Naturally, because I am an international hitman and man of mystery. Capable of striking my prey like a lightning bolt before fading back into the shadows never to be seen again.....or maybe not, so how about this: " if something bad happen with MtGox, you have identity of their CEO and know who to go after" "if something bad happen to MtGox, you have picture of Mark Karpeles you can stab with a pen as you mourn the wealth that you thought you had, that has all went up in smoke"not quite yet "if something bad happen to MtGox, you have the twitter of Mark Karpeles you can taunt mad insults on while you gawk at a /r/bitcoin about how you found out which luxury apartment his photo of a sunset was taken from." |
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Giancarlo
Bitfinex Team
So essentially all you are saying is: Hurr, durr you can't prove it. Sure that makes it ok, right? |
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I don't get it, are you suffering from some variation of Stockholms Syndrome or why do you still use bitfinex?
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This is definitely going into my best of Bitcoin trolling list.
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He waits for another conspitard to come along and echos back his ramblings. The economy is always about to crash consistently since the 1950s or something.
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First they laugh at you then they ban Bitcoin.
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There's another theory floating around suggesting the price crash is intentional by True BelieBTCers to force the FBI to receive less money for the coins. I'm not sure if the theory's serious or not -- Kashmir floated it in her Forbes article on the DPR coins.
| v this |
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Initially I thought that Bitcoin is pretty cool, you can check my posting history if you'd like. I even mined some.
Then I got to know how pathologically anti-social this community is, and sociopaths like Bruce Wagner get a free roam until they do their thing. I only started to really realize how stupid this community really is after pirateat40s ponzi scheme. (I posted "Smells like a typical HYIP scam." right after his OP, which I'm sure every idiot who gave him money had to see.)
Other realisations came to view, the amount of coins owned by satoshi, a design flaw concerning a missing incentive to relay transactions after the next few block reward reductions and the difficulty adjustment controller. Only a fraction on people using Bitcoin know these things and you don't find out unless you look.
I could go on but I have better things to do. (like laughing at the next clusterfuck)
To present day I still think Bitcoin is stupid, I'm not saying that won't change but I can't see any reason on the horizon as yet.
but why do you think it is so interesting? there are lots of things that i think are stupid, but i wouldn't waste time on those. honestly Mucus, you are angry at bitcoin instead of yourself. like how could such a stupid thing make stupid people so much money while I, the only smart guy who understands how stupid this whole idea is, do not get to profit from my understanding. right? I'm not angry, to the contrary now I'm quite amused. I mean GOX's missing gazillions and the willy bots activity basically matching that amount with a real, impossible to be fixed exploit as a scapegoat. Priceless!  |
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Initially I thought that Bitcoin is pretty cool, you can check my posting history if you'd like. I even mined some.
Then I got to know how pathologically anti-social this community is, and sociopaths like Bruce Wagner get a free roam until they do their thing. I only started to really realize how stupid this community really is after pirateat40s ponzi scheme. (I posted "Smells like a typical HYIP scam." right after his OP, which I'm sure every idiot who gave him money had to see.)
Other realisations came to view, the amount of coins owned by satoshi, a design flaw concerning a missing incentive to relay transactions after the next few block reward reductions and the difficulty adjustment controller. Only a fraction on people using Bitcoin know these things and you don't find out unless you look.
I could go on but I have better things to do. (like laughing at the next clusterfuck)
To present day I still think Bitcoin is stupid, I'm not saying that won't change but I can't see any reason on the horizon as yet.
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