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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 507962 times)
Skele
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June 20, 2014, 04:08:27 PM
 #1661

This post raises my self-esteem, some weeks ago i discovered a nice and funny online store: www.wish.com

Right now i'm choosing all the stuff i'll need when thanks to Bitcoin, i'll be wealthy elite, gentlemen...
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boumalo
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June 20, 2014, 06:17:57 PM
 #1662

I wonder what will happen when people realize that it's way, waaaaaay unprofitable to mine and start buying bitcoins instead!!!  Grin

Won't happen. By that time, the tx fees will give the profit. Also when Bitcoin is uber mainstream and all blocks are mined, there will be A LOT of BTC in blocks, only from the tx fees, and that makes it really profitable. I believe you know that now block rewards are 25 BTC + tx fees.

I know all that, but bitcoin mining is already unprofitable! That's what I am saying!

No, it's not. GHash.io is unprofitable, normal mining isn't.

I think there are a lot of people who would disagree with you

I'm not saying that it's profitable with anything, but it can definitely be if you invest smart. Buying new ASIC units and selling old ones.

If you get delivered in time, if the network power doesn't increase too much and if you sell well you can profit without investing too much

Day trading all coins is much safer and more profitable than Bitcoin mining!  ..........LOL?

Hmm no

We have an exciting second half of the year ahead, whales got their cheap coins and now we will have the anticipated spike up in price to new highs thanks to a few timely positive news that will come up during the summer and right after

Wow! You have newspapers from the future too?

Who knows? Bitcoin was valued so much in 50years that a technology to send newspapers back in time was financed

QuestionAuthority
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June 20, 2014, 07:11:46 PM
 #1663

I bet the little preteen nihilist twat that started this thread is reading it and laughing his ass off. I miss Atlas, Bittalk.tv - MnW and LoupGaroux. They added some real color to this forum.

KeyJockey
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June 20, 2014, 07:40:10 PM
 #1664

I bet the little preteen nihilist twat that started this thread is reading it and laughing his ass off...

LOL yeah... the "takeaway" there, I guess, is that just 'cuz someone is a preteen nihilist twat don't mean they cain't sometimes be RIGHT, eh!?!?

So go put that in yer pipe and smoke it!
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June 20, 2014, 10:30:34 PM
 #1665

I bet the little preteen nihilist twat that started this thread is reading it and laughing his ass off...

LOL yeah... the "takeaway" there, I guess, is that just 'cuz someone is a preteen nihilist twat don't mean they cain't sometimes be RIGHT, eh!?!?

So go put that in yer pipe and smoke it!


Even a broken clock is right twice a day Wink

jonald_fyookball
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June 20, 2014, 10:34:02 PM
 #1666

When I told my wife I was going to buy bit coins she was highly skeptical.  Then the next morning I sat down to look how bitcoins had done and my wife asked me what I was doing.  I said I was checking how my investment went and she started to say she was still skeptical.  I interrupted her with "it made us $700 dollars overnight"  Her skepticism disappeared completely.  Grin Grin Grin Shocked Shocked Shocked Tongue Tongue Tongue

Do you also tell her when it loses $700 overnight?  Or is that part a secret? lol
wachtwoord
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June 20, 2014, 10:43:17 PM
 #1667

When I told my wife I was going to buy bit coins she was highly skeptical.  Then the next morning I sat down to look how bitcoins had done and my wife asked me what I was doing.  I said I was checking how my investment went and she started to say she was still skeptical.  I interrupted her with "it made us $700 dollars overnight"  Her skepticism disappeared completely.  Grin Grin Grin Shocked Shocked Shocked Tongue Tongue Tongue

Do you also tell her when it loses $700 overnight?  Or is that part a secret? lol

if that makes her skepticism go away she's not very smart.

jonald_fyookball
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June 21, 2014, 01:53:39 PM
 #1668

When I told my wife I was going to buy bit coins she was highly skeptical.  Then the next morning I sat down to look how bitcoins had done and my wife asked me what I was doing.  I said I was checking how my investment went and she started to say she was still skeptical.  I interrupted her with "it made us $700 dollars overnight"  Her skepticism disappeared completely.  Grin Grin Grin Shocked Shocked Shocked Tongue Tongue Tongue

Do you also tell her when it loses $700 overnight?  Or is that part a secret? lol

if that makes her skepticism go away she's not very smart.

well... it just means she's not knowledgable about trading and the fact that a single short term gain or loss is not meaningful.
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June 21, 2014, 02:02:23 PM
 #1669

When I told my wife I was going to buy bit coins she was highly skeptical.  Then the next morning I sat down to look how bitcoins had done and my wife asked me what I was doing.  I said I was checking how my investment went and she started to say she was still skeptical.  I interrupted her with "it made us $700 dollars overnight"  Her skepticism disappeared completely.  Grin Grin Grin Shocked Shocked Shocked Tongue Tongue Tongue

Do you also tell her when it loses $700 overnight?  Or is that part a secret? lol

if that makes her skepticism go away she's not very smart.

well... it just means she's not knowledgable about trading and the fact that a single short term gain or loss is not meaningful.

No it has nothing to do with trading. At all.

jonald_fyookball
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June 21, 2014, 02:08:46 PM
 #1670

When I told my wife I was going to buy bit coins she was highly skeptical.  Then the next morning I sat down to look how bitcoins had done and my wife asked me what I was doing.  I said I was checking how my investment went and she started to say she was still skeptical.  I interrupted her with "it made us $700 dollars overnight"  Her skepticism disappeared completely.  Grin Grin Grin Shocked Shocked Shocked Tongue Tongue Tongue

Do you also tell her when it loses $700 overnight?  Or is that part a secret? lol

if that makes her skepticism go away she's not very smart.

well... it just means she's not knowledgable about trading and the fact that a single short term gain or loss is not meaningful.

No it has nothing to do with trading. At all.

Of course it does.   Speculative investment...whatever you want to call it.
It's the principle that assets fluctuate in value.

 
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June 21, 2014, 02:11:51 PM
 #1671

When I told my wife I was going to buy bit coins she was highly skeptical.  Then the next morning I sat down to look how bitcoins had done and my wife asked me what I was doing.  I said I was checking how my investment went and she started to say she was still skeptical.  I interrupted her with "it made us $700 dollars overnight"  Her skepticism disappeared completely.  Grin Grin Grin Shocked Shocked Shocked Tongue Tongue Tongue

Do you also tell her when it loses $700 overnight?  Or is that part a secret? lol

if that makes her skepticism go away she's not very smart.

well... it just means she's not knowledgable about trading and the fact that a single short term gain or loss is not meaningful.

No it has nothing to do with trading. At all.

Of course it does.   Speculative investment...whatever you want to call it.
It's the principle that assets fluctuate in value.

 

It's mostly about the mathematical notion of chance and more particular variance. Outcome doesn't always match the most likely outcome and estimating future outcome based on one point of measurement is silly. Further, especially when related to investments, the variance is rather large.

jonald_fyookball
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June 21, 2014, 02:15:59 PM
 #1672

When I told my wife I was going to buy bit coins she was highly skeptical.  Then the next morning I sat down to look how bitcoins had done and my wife asked me what I was doing.  I said I was checking how my investment went and she started to say she was still skeptical.  I interrupted her with "it made us $700 dollars overnight"  Her skepticism disappeared completely.  Grin Grin Grin Shocked Shocked Shocked Tongue Tongue Tongue

Do you also tell her when it loses $700 overnight?  Or is that part a secret? lol

if that makes her skepticism go away she's not very smart.

well... it just means she's not knowledgable about trading and the fact that a single short term gain or loss is not meaningful.

No it has nothing to do with trading. At all.

Of course it does.   Speculative investment...whatever you want to call it.
It's the principle that assets fluctuate in value.

 

It's mostly about the mathematical notion of chance and more particular variance. Outcome doesn't always match the most likely outcome and estimating future outcome based on one point of measurement is silly. Further, especially when related to investments, the variance is rather large.

Yeah exactly. Well said.  When i was daytrading and had a good day my wife would say "let's see how you do over the next 3 months". 
Nerazzura
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June 21, 2014, 03:47:41 PM
 #1673

Are you currently putting all your money into bitcoin?  If you say this, you show you believe it by your actions.  I am putting all my money into bitcoin - I see a possibility of $50-$100+ per coin this year.  Just think, once the "bankers" and hedge funds find out about this, we are going to the moon.  Once my bitcoins are $1,000+ I will be able to pay off my growing college loans and maybe get an apartment, and my first car Smiley
I prefer having few and rare bitcoin, because if everyone can easily get it and use it. it is certain that the price will fall instead Smiley
TheTruth4
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June 21, 2014, 06:16:58 PM
 #1674

I don't want to be the elite, I just want to be able to answer "What do you do for a living?" with "I go on vacation."
Arriemoller
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June 22, 2014, 07:29:13 PM
 #1675

I don't want to be the elite, I just want to be able to answer "What do you do for a living?" with "I go on vacation."

Well, it would definitely be something you do, but I'm not sure it qualifies as "for a living".

Demokrati: Två vargar och ett lamm röstar om lunchmenyn.      Democracy: Two wolfes and a lamb votes about the lunch menu.
Frihet: Ett väl beväpnat lamm opponerar sig mot omröstningen.  Freedom: A well armed lamb opposes the outcome.
JayJuanGee
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June 22, 2014, 09:34:17 PM
 #1676

I don't want to be the elite, I just want to be able to answer "What do you do for a living?" with "I go on vacation."

Well, it would definitely be something you do, but I'm not sure it qualifies as "for a living".

How about "I travel, and I find various new parts of the world to explore?" 

Would that be "for a living?"

Well the expression "for a living" seems to ask how you earn your money, and I suppose a person could say that s/he invests and monitors his/her investment "for a living."

Arriemoller
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June 22, 2014, 10:18:34 PM
 #1677

I don't want to be the elite, I just want to be able to answer "What do you do for a living?" with "I go on vacation."

Well, it would definitely be something you do, but I'm not sure it qualifies as "for a living".

How about "I travel, and I find various new parts of the world to explore?"  

Would that be "for a living?"

Well the expression "for a living" seems to ask how you earn your money, and I suppose a person could say that s/he invests and monitors his/her investment "for a living."
Sounds good to me, I'll use that when that day comes.

Demokrati: Två vargar och ett lamm röstar om lunchmenyn.      Democracy: Two wolfes and a lamb votes about the lunch menu.
Frihet: Ett väl beväpnat lamm opponerar sig mot omröstningen.  Freedom: A well armed lamb opposes the outcome.
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June 23, 2014, 02:52:37 AM
 #1678

I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.


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June 23, 2014, 03:37:03 AM
 #1679

I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.




The good old days, my friend.

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June 23, 2014, 07:44:36 AM
 #1680

I was just skimming through very old threads, its amazing how people used to talk about 100-1000btc (or more), like it was nothing. I hope for their sake they held on.




Hopefully in two years they'll say the same about "people who own 1 or more bitcoin"

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