Maybe he realized that FB is about to collapse
Bwahahaha |
|
|
|
You are not helping, you are defending/apologizing hubris. Hubris means extreme pride or arrogance. Hubris often indicates a loss of contact with reality and an overestimation of one's own competence, accomplishments ... |
|
|
|
And it's the same risk-reward strategy, and knowing what Bitcoin does next needs tons of experience too. Saying that it doesn't require experience are typical sings of a speculative bubble.
An inexperienced person can succeed in Bitcoin. Buy at any price, wait 365 days, sell. You made money. Requires ZERO experience. Try doing that with any penny stock and you will lose 95%+ of the time (and that is being conservative) It's easy to claim that post et facto. If that holds to be true over the next decade remains to be seen. |
|
|
|
Wow that's even more desperate than the voucher thing. Can't wait to watch it burn. |
|
|
|
Yes, withdrawals can be made to Paypal, that's the best part of it.
But you can't deposit Bitcoin there unfortunately, you have to buy it with fiat there, then sell there too and withdraw fiat if you want.
lol ok, no thanks. Bucketshop anybody? |
|
|
|
|
Yes you are doing a great job proving revans point over and over again.
|
|
|
|
|
Does this work the other way around too? Cashing out to paypal?
In that case I'm interested.
|
|
|
|
 sold all their US dollars for bitcoins
The inevitable collapse of hubris If you tried to understand what the author of a post was saying before critiquing it, debating with you would be more enjoyable. I was pointing out the fact that, (like you said) all the bitcoin owners can't cash out for dollars, the converse is also true: all the dollar owners can't cash out for bitcoin. This is a fundamental property of money that I believe some people can't wrap their minds around. My post made no inference to how likely either of these academic scenarios would be. I don't like debating you since you are referring to yourself in third person, and the thread is about the collapse of hubris. What you have done here is posting more hubris, in this thread!! So you can't complain if I make fun of you. Please continue I'm having a great time.  |
|
|
|
sold all their US dollars for bitcoins
The inevitable collapse of hubris
|
|
|
|
I forgot goog bought ripple.. recalculating...
*snicker* |
|
|
|
|
OPEC is a cartel, which came partly into being to support the petro-dollar. OPEC and "free market" is a contradiction, as well as is anything about trading oil in other than dollars. OPEC countries have control over US imperialism and it's in their interest that it stays that way.
So no it will never happen, it can't. Now if you rephrase the question, can the petro-dollar become less relevant? Yes, eventually it can, watch out if there is any country other than the US which has more than two aircraft carriers. The US has 10 Nimitz Class Supercarriers alone...
|
|
|
|
|
And it's the same risk-reward strategy, and knowing what Bitcoin does next needs tons of experience too. Saying that it doesn't require experience are typical sings of a speculative bubble.
|
|
|
|
|
I didn't say it's the same thing, but for all purposes mentioned above it works the same way.
|
|
|
|
Don't diversify. There's nothing in the world that can get close to the potential returns of Bitcoin. And no this isn't gambling, it's called calculated risk taking. People with balls do it  Right, penny stocks do not exist. |
|
|
|
It really baffles me that after one month of Chinese madness we still don't have a single english speaking Chinese here in the forums telling us how it is over there..
Are they blocked/not allowed to browse to the forum ?? What about TOR ? There's gotta be more than a couple english speaking chinese out there... Not a single one here? Cmon...
Are you here man from China? Speak up!
Don't you guys think it's fishy at the very least?
No. It was all pump hype by a few Amurikans who traded w themselves, creating 99% of the volume on chinese exchanges. Occams Razor is a too complicated instrument for most Bitcoiners. |
|
|
|
|
The best strategy is to forget some on an old laptop and discover them before you throw it away.
|
|
|
|
That's the point everybody has to cash out at some point.
No, everybody doesn't. My bitcoin wallet will never go to 0.
I don't understand many posters' (like EM) fixation on selling all of their bitcoins. Just like you don't have to invest $100,000 (you can start with 50 bucks!), you don't have to sell out all your bitcoins in order to benefit.
Yes, this all-or-nothing attitude leads to "nothing" in almost all cases. I prefer to keep a healthy balance at all times, and anybody who witnessed at least once how rapidly bitcoin grows, and who can also add 2 and 2, would do the same. I never said you must sell all of them. |
|
|
|
Ironically more VC money for Bitpay can mean higher prices because they can use that VC money to buy Bitcoins.
Bitpay has no interest in holding BTC. They're providing a service, that is all. Bitpay isn't a hedge fund. That doesn't mean they don't do it regardless. Not that they should or it would be anything sane to do, still that doesn't stop them from doing it. And they have admitted to play the markets on multiple occasions. |
|
|
|
|
Ironically more VC money for Bitpay can mean higher prices because they can use that VC money to buy Bitcoins.
|
|
|
|
|
Well do you cover your expenses with your profits or not?
|
|
|
|
|
Show Posts
