A "crash" from a noobs perspective...

[smoothie]

*RUNS TO COMPUTER*

*SEES PRICE DROP $10 AFTER RISING $60*

*RUNS TO OTHER COMPUTER ON OTHER SIDE OF HOUSE*

*TYPES REALLY FAST ON KEYBOARD*

"WAS IT A CRASH, WAS THAT THE CRASH? ? ? ?"

 

 

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[ElectricMucus]

You are starting to get obnoxious. Did you go long on bitfinex and are scared of a long squeeze or what?

[smoothie]

You are starting to get obnoxious. Did you go long on bitfinex and are scared of a long squeeze or what?

Sorry bro you are wrong on a couple of things:

1. I've been obnoxious and pretty much on the right side of things concerning price for some time. Look at my ignore button...i'm pretty sure I got you beat in the ignore count department.

2. I've been long since $13.50 on bitcoin (this year) and long Litecoin since $0.005 last March.

[adamstgBit]

*RUNS TO COMPUTER*

*SEES PRICE DROP $10 AFTER RISING $60*

*RUNS TO OTHER COMPUTER ON OTHER SIDE OF HOUSE*

*TYPES REALLY FAST ON KEYBOARD*

"WAS IT A CRASH, WAS THAT THE CRASH? ? ? ?"

 

 

to all the noobs out their, Yes this was "the crash" 

[ElectricMucus]

You are starting to get obnoxious. Did you go long on bitfinex and are scared of a long squeeze or what?

Sorry bro you are wrong on a couple of things:

1. I've been obnoxious and pretty much on the right side of things concerning price for some time. Look at my ignore button...i'm pretty sure I got you beat in the ignore count department.

2. I've been long since $13.50 on bitcoin (this year) and long Litecoin since $0.005 last March.

I am speaking of leverage. Did you buy with borrowed money?

[smoothie]

You are starting to get obnoxious. Did you go long on bitfinex and are scared of a long squeeze or what?

Sorry bro you are wrong on a couple of things:

1. I've been obnoxious and pretty much on the right side of things concerning price for some time. Look at my ignore button...i'm pretty sure I got you beat in the ignore count department.

2. I've been long since $13.50 on bitcoin (this year) and long Litecoin since $0.005 last March.

I am speaking of leverage. Did you buy with borrowed money?

Yes I borrowed money from people who sold bitcoins cheap and now I am holding bitcoins when their price is much much higher. So in a sense yes I did buy with borrowed money.

[ElectricMucus]

Yes I borrowed money from people who sold bitcoins cheap and now I am holding bitcoins when their price is much much higher. So in a sense yes I did buy with borrowed money.

Sorry that doesn't make sense, even as a metaphor it is kinda weak, but suit yourself.

[smoothie]

Yes I borrowed money from people who sold bitcoins cheap and now I am holding bitcoins when their price is much much higher. So in a sense yes I did buy with borrowed money.

Sorry that doesn't make sense, even as a metaphor it is kinda weak, but suit yourself.

It doesn't have to make sense to you. Obviously your question doesn't make sense given the topic of the thread. But suit yourself. 

[ElectricMucus]

Yes I borrowed money from people who sold bitcoins cheap and now I am holding bitcoins when their price is much much higher. So in a sense yes I did buy with borrowed money.

Sorry that doesn't make sense, even as a metaphor it is kinda weak, but suit yourself.

It doesn't have to make sense to you. Obviously your question doesn't make sense given the topic of the thread. But suit yourself. 

Ok then lets talk about newbies,

If I buy in at 70 and the next day it goes down to 60 I've lost 14%.
That's more than I earn with a 3 year savings account. So to put that into perspective.
Obviously they are kind a jumpy.

[smoothie]

Yes I borrowed money from people who sold bitcoins cheap and now I am holding bitcoins when their price is much much higher. So in a sense yes I did buy with borrowed money.

Sorry that doesn't make sense, even as a metaphor it is kinda weak, but suit yourself.

It doesn't have to make sense to you. Obviously your question doesn't make sense given the topic of the thread. But suit yourself. 

Ok then lets talk about newbies,

If I buy in at 70 and the next day it goes down to 60 I've lost 14%.
That's more than I earn with a 3 year savings account. So to put that into perspective.
Obviously they are kind a jumpy.

  like jumping off a cliff type "jumpy"?

[ElectricMucus]

I dunno, but we saw it yesterday.

We shall see that if the price breaks 52.

[oakpacific]

You are starting to get obnoxious. Did you go long on bitfinex and are scared of a long squeeze or what?

Sorry bro you are wrong on a couple of things:

1. I've been obnoxious and pretty much on the right side of things concerning price for some time. Look at my ignore button...i'm pretty sure I got you beat in the ignore count department.

2. I've been long since $13.50 on bitcoin (this year) and long Litecoin since $0.005 last March.

I am speaking of leverage. Did you buy with borrowed money?

Yes I borrowed money from people who sold bitcoins cheap and now I am holding bitcoins when their price is much much higher. So in a sense yes I did buy with borrowed money.

Ah, there are different kinds of borrowers, I put some of my money on loan, and buying my monthly share with the interest generated, and there are other clients who want no risk in some of their investments, so I put these money on loan as well. But anyway, I am happy that it's working out well for everyone, except some bystanders.