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Author Topic: I am pretty confident we are the new wealthy elite, gentlemen.  (Read 508362 times)
fabiola!
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October 06, 2014, 12:43:12 AM
 #1981

Under -$500 soon


Sad

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moonbeamrider
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October 06, 2014, 01:08:00 AM
 #1982


I'm pretty confident I'm down $15,000 which I will never see again thanks to my risk taking in crypto currency.

Aren't you the person who was gonna lie to their dad about the use to which you were going to put a million dollar loan? Put it into bitcoin instead?
[/quote]

Yup, you remembered? I am so glad I didn't invest my dad's money.... he already thinks im an idiot, would have been down half a million right now


Dont risk more than you are willing to set on fire and watch burn.  This is advice for ANY AND ALL trading whether it be in crypto, forex, or the stock exchange.

I invested a lot of money, which I am not willing to "set on fire"... I wouldn't "set on fire" anything over $100... but investing $100 will not give me any significant returns.

But even though the amount I invested was not something I was "willing to lose"... I thought the risk of potentially losing that amount for the chance that I could become rich was a gamble I was willing to take. It's not like I have wife and kids or will end up in the streets if I lose this money... but it's still a lot of money


Were you forced to sell right now?

Nope, holding til it goes to $0 even if there's a 10% chance I could still come out on top
[/quote]

Pretty much every non risk takers out there thinks we are all idiots for putting REAL money into this "imaginary" thing. Especially when it goes down like now...they come out the woodwork to rub it in.
It's good that you didn't invest your dad's money though, that takes the pressure off a bit.
I'm holding mine till it goes to $0 as well, looks like most of us may end up sinking together, Titanic style.




[/quote]

Not just non risk takers. There are risk takers who just choose other risks.
fabiola!
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October 06, 2014, 12:31:37 PM
 #1983


Pretty much every non risk takers out there thinks we are all idiots for putting REAL money into this "imaginary" thing. Especially when it goes down like now...they come out the woodwork to rub it in.
It's good that you didn't invest your dad's money though, that takes the pressure off a bit.
I'm holding mine till it goes to $0 as well, looks like most of us may end up sinking together, Titanic style.


Not just non risk takers. There are risk takers who just choose other risks.


Blah You know what I meant : )

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Bitzkrieg
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October 06, 2014, 12:44:41 PM
 #1984


I hope that wont happen

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fabiola!
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October 06, 2014, 12:52:20 PM
 #1985


It was a bit painful wasn't it

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October 06, 2014, 05:36:17 PM
 #1986

This last slow bleed that we have been facing is redistributing the BTC out of the hands of the small holders and more into the hands of the larger holders.   I think that most of the people that are panic selling probably have <10BTC and the holders of >50 or >100 or even >1000 are picking up additional coins for their holdings...
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October 06, 2014, 06:08:49 PM
 #1987

This last slow bleed that we have been facing is redistributing the BTC out of the hands of the small holders and more into the hands of the larger holders.   I think that most of the people that are panic selling probably have <10BTC and the holders of >50 or >100 or even >1000 are picking up additional coins for their holdings...

Seems like the opposite is happening actually.


A whale just sold 30K btc this weekend, it was from one guy and it was bought out by many 
fabiola!
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October 06, 2014, 07:02:20 PM
 #1988

I don't know, did some of you guys turn your miners off? I have mine still on but i might have to turn them off very soon if it doesn't pick up

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October 06, 2014, 08:35:44 PM
 #1989

This last slow bleed that we have been facing is redistributing the BTC out of the hands of the small holders and more into the hands of the larger holders.   I think that most of the people that are panic selling probably have <10BTC and the holders of >50 or >100 or even >1000 are picking up additional coins for their holdings...

Seems like the opposite is happening actually.


A whale just sold 30K btc this weekend, it was from one guy and it was bought out by many 


That is just 1 person though.  Generally speaking, I don't think major holders are panic selling, because they truly believe in Bitcoin's future...
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October 06, 2014, 11:23:17 PM
 #1990

This last slow bleed that we have been facing is redistributing the BTC out of the hands of the small holders and more into the hands of the larger holders.   I think that most of the people that are panic selling probably have <10BTC and the holders of >50 or >100 or even >1000 are picking up additional coins for their holdings...

Seems like the opposite is happening actually.


A whale just sold 30K btc this weekend, it was from one guy and it was bought out by many  

I posted you the link yesterday that showed all the early adopters are accumulating....our aggregate balance just keeps increasing.

You think one "whale" dumping 30k is the sky falling. Lol. I was ecstatic the entire day yesterday. Like a kid on Xmas morning opening my presents as I scooped up deals bit by bit. 

I know your type from watching the last three spikes....if you are able to hold out until the next peak (and that's a big "if") you will be the first one screaming from the rooftops about what a genius investor you were and how your faith in bitcoin never faltered....remember today, the day that you were a sad sack of shit that thought he was down $15k.

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October 07, 2014, 12:01:39 AM
 #1991

I am pretty confident we are going in reverse of becoming the new wealthy elite, gentlemen.
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October 07, 2014, 12:03:38 AM
 #1992

I am pretty confident we are going in reverse of becoming the new wealthy elite, gentlemen.

hehe. From one side of the bubble and back again...all in one thread

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
fabiola!
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October 07, 2014, 12:07:51 AM
 #1993

This last slow bleed that we have been facing is redistributing the BTC out of the hands of the small holders and more into the hands of the larger holders.   I think that most of the people that are panic selling probably have <10BTC and the holders of >50 or >100 or even >1000 are picking up additional coins for their holdings...

Seems like the opposite is happening actually.


A whale just sold 30K btc this weekend, it was from one guy and it was bought out by many  

I posted you the link yesterday that showed all the early adopters are accumulating....our aggregate balance just keeps increasing.

You think one "whale" dumping 30k is the sky falling. Lol. I was ecstatic the entire day yesterday. Like a kid on Xmas morning opening my presents as I scooped up deals bit by bit. 

I know your type from watching the last three spikes....if you are able to hold out until the next peak (and that's a big "if") you will be the first one screaming from the rooftops about what a genius investor you were and how your faith in bitcoin never faltered....remember today, the day that you were a sad sack of shit that thought he was down $15k.



Hey don't be mean to him, we are all a bit unsettled by this big drop, it has nothing to do with our faith in BTC. Congrats to you if you have loads of spare cash to invest right now, I say make the most of it and scoop as many deals as you can.
But don't be mean to the rest of us. We have the right to feel unsettled, gosh do you even mine? Some of us will have to turn our miners off soon if things don't pick up. Not a Xmas morning feeling, at all.

Smiley
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October 07, 2014, 01:21:27 AM
 #1994

I am more bullish then ever

I think we could very well be the new wealthy elite
SpiderLegion
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October 07, 2014, 03:39:07 AM
 #1995

I am more bullish then ever

I think we could very well be the new wealthy elite

The dream is real boys
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October 07, 2014, 03:41:15 AM
 #1996

better buy now and loose
or not buy and loose big!

jackpotjoe
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October 07, 2014, 04:09:32 AM
 #1997

"I am pretty confident we are the new wealthy elite, gentlemen" - says the 15 year old geeky boy.
Dafar
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October 07, 2014, 04:38:43 AM
 #1998

This last slow bleed that we have been facing is redistributing the BTC out of the hands of the small holders and more into the hands of the larger holders.   I think that most of the people that are panic selling probably have <10BTC and the holders of >50 or >100 or even >1000 are picking up additional coins for their holdings...

Seems like the opposite is happening actually.


A whale just sold 30K btc this weekend, it was from one guy and it was bought out by many  

I posted you the link yesterday that showed all the early adopters are accumulating....our aggregate balance just keeps increasing.

You think one "whale" dumping 30k is the sky falling. Lol. I was ecstatic the entire day yesterday. Like a kid on Xmas morning opening my presents as I scooped up deals bit by bit.  

I know your type from watching the last three spikes....if you are able to hold out until the next peak (and that's a big "if") you will be the first one screaming from the rooftops about what a genius investor you were and how your faith in bitcoin never faltered....remember today, the day that you were a sad sack of shit that thought he was down $15k.

When did I say the sky is falling? I did say I'm down $15k which I'm probably not gonna see again... but I was kinda being a negative nancy, I still think I can get back on green and I'm definitely gonna hold even til we go to $0. I already accepted my investment as money gone, so all I'm gonna do is wait and not panic

On the contrary I've been accumulating coins as well, so get the fuck out with your insults and generalizations --edit, eh, can't hate on someone who's positive
Soros Shorts
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October 07, 2014, 05:24:24 AM
 #1999

Congrats to you if you have loads of spare cash to invest right now, I say make the most of it and scoop as many deals as you can.

You didn't even need cash to profit from the stupid $300 wall on Bitstamp. It was clearly depressing the price on the other exchanges and I managed to scoop up coins at $30x on Bitfinex 30 minutes after depositing some BTC into my margin account. I have since closed the position and transferred out the profit as coins ... without even having to get verified or wiring any fiat.
fabiola!
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October 07, 2014, 10:34:31 AM
 #2000

Congrats to you if you have loads of spare cash to invest right now, I say make the most of it and scoop as many deals as you can.

You didn't even need cash to profit from the stupid $300 wall on Bitstamp. It was clearly depressing the price on the other exchanges and I managed to scoop up coins at $30x on Bitfinex 30 minutes after depositing some BTC into my margin account. I have since closed the position and transferred out the profit as coins ... without even having to get verified or wiring any fiat.

Well done but I haven't got into that side of things just yet, it's still a bit of mystery to me

Smiley
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