I am pretty confident we are the new wealthy elite, gentlemen.

[jonald_fyookball]

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.  

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

[wachtwoord]

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.  

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]

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.  

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.

[wachtwoord]

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.  

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]

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.  

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.

 

[wachtwoord]

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.  

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]

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.  

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]

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

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

[TheTruth4]

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]

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".

[JayJuanGee]

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]

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.

[montreal]

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.

[rext]

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.

[zimmah]

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"

[rext]

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"

lol, yea that will probably happen

[Bit_Happy]

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.

Many of us didn't hold long enough; When the post-crash low was $1.99996, then ~$7.23 looked really high.

[vierelana]

Don't get cocky.
-Han Solo

[Bit_Happy]

Don't get cocky.
-Han Solo

"Train yourself to let go of everything you fear to lose."
"Many of the truths that we cling to depend on our point of view."
"Through the Force, things you will see. Other places. The future…the past. Old friends long gone." ~Yoda   

[vierelana]

No Bitcoin holder yet has real money by global standards and we are a long way from that. An early miner/ investor with 20,000 coins is a whale -- but in global financial terms is a minnow and will be even when the price is higher.