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Investing is little more than a fancy word for gambling. Borrowing money to gamble is a bad idea. You don't want to find yourself here in a few weeks asking for a loan to "win it all back". Remember only speculate with what you can loose.
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I guess if bitcoin is a ponzi, then I'm Madoff.  I must be secretly behind this whole ponzi because I'm doing alright? Maybe I'm Satoshi !!! |
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I don't think so. Bitcoins strengths are in it's utility. That is not harmed by unbridled amateur speculation.
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Guys like him are just to be ignored. I believe bitcoin can do the talking from here on out.
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If you are optimistic about the future of the bitcoin economy, then what about investing some of it? Be like Ashton Kutcher and invest in BitPay or something. Or start your own bitcoin related business. |
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I think he heard the word "ponzi" and liked it. Didn't understand it, but he liked it.
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I would double dog dare them. They aren't doing shit to us. If they did the DPRK would be a smooth, irradiated sheet of glass by evening. Honestly, am I the only one tired of treating NK like a grown-up?
I say call their bluff and cut off the food. I can't see the logic in feeding people who train to fight us.
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lol @ Psy. I thought about sending some also.  |
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Not selling is not stupid if you are not a speculator or if you invest on a long timescale. A lot of new bitcoin peers seem to have the impression that bitcoin is an "investment". It was not designed to be one and anyone who wants to speculate in an unregulated market is free to do so, but should be prepared for heavy losses. Remember the golden rule for investing. If you can't afford to loose 100% of your investment, then you are investing too much.
Bitcoin is not an investment. It does not produce anything and has no physical value. Would you say holding dollars is investing? The same apllies to bitcoin. A currency is only valuable if it circulates, but you guys are hoarding it. You are in for a rude awakening some day. I hear you. I don't "invest" in bitcoin. I use it to buy things over the internet. Speculate away, but it's not for me. |
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True. You might want to consider a more anonymous system. The VPN I use only requires an email and a payment.
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Not selling is not stupid if you are not a speculator or if you invest on a long timescale. A lot of new bitcoin peers seem to have the impression that bitcoin is an "investment". It was not designed to be one and anyone who wants to speculate in an unregulated market is free to do so, but should be prepared for heavy losses. Remember the golden rule for investing. If you can't afford to loose 100% of your investment, then you are investing too much.
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Just the normal panic buying followed by panic selling. Classic speculative bubble.
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I'm bullish in the long run and ignorant in the near term.
i like the cut of your jib Ahoy [holds up snifter of brandy]  |
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I just bought one anyway.  |
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I'm bullish in the long run and ignorant in the near term.
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Cut the guy some slack here.
It's still stupid. Even if he bought in at 40, which I highly doubt, selling only 80% at 48 would have covered the investment, and the rest would be available for further long-term growth. Trying to predict peaks and then selling all is not a viable speculation strategy, and only means he's trading based on emotions. Which is stupid. Such people are caught later, when bitcoins grows to I don't know, 100, and he re-enters with all profits, then bitcoins crash to 20 and he sells in despair, left with heavy losses. I've seen it happen Hope this particular OP would be smarter and would waste all profits on booze. I sold 45% of my stake at 45.50 last night and recouped 120% of my initial investment. Left the remaining 55% on the exchange to ride it out. My goal at the moment is short term trading to get my USD funds up enough to buy one of these: http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331429112Or if BTC goes to the moon: http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331757394Am I doing it right?  Fun! I have an AK and they are great toys. When you buy, try using bitcoinLook at these: http://www.gunbroker.com/All/BI.aspx?Keywords=bitcoin&SearchType=1 |
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This is paving the way for mainstream use of bitcoin. It's an exciting time.
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