LoweryCBS (OP)
Sr. Member
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Activity: 364
Merit: 250
firstbits 1LoCBS
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March 28, 2013, 11:16:32 AM |
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Let's get real here:
Take some money off the table. Diversify.
Use some of your bitcoin, and buy some gold, silver, euros, and dollars.
Don't try to call a top, don't get greedy, do it now.
When you start to extrapolate your personal wealth out x years due to your brilliant stumble into this phenom, it's time to think.
Think.
Think.
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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sgbett
Legendary
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Activity: 2576
Merit: 1087
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March 28, 2013, 11:20:31 AM |
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EXACTAMUNDO!
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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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empoweoqwj
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March 28, 2013, 11:22:25 AM |
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At $95, you are telling people to buy $???
If you bought in at $5 or $20 and are holding thousands of BTC, sure, but most of this is "new money" ... I don't think anyone newly invested should be jumping ship just yet.
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marhjan
Full Member
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Activity: 215
Merit: 105
Poorer than I ought to be
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March 28, 2013, 11:22:32 AM |
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+10,000 very very good advice. DON'T sell all of your coins, but it's crazy not to at least take a piece off the table at these prices. If you have enough, buy a house or a car or something just in case bitcoin does crash you're not left with nothing.
I do believe we are the new wealthy elite gentlemen. ;-)
Let's just not be stupid about it
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Donations happily accepted @ 15qxNsc7pBiz5kXpAJykw4etzMbZitm2mk
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cedivad
Legendary
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Activity: 1176
Merit: 1001
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March 28, 2013, 11:24:50 AM |
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I do believe we are the new wealthy elite gentlemen. ;-)
Let's just not be stupid about it Earning money is only half of the road to being rich. Not losing money is even harder. |
My anger against what is wrong in the Bitcoin community is productive: Bitcointa.lk - Replace "Bitcointalk.org" with "Bitcointa.lk" in this url to see how this page looks like on a proper forum (Announcement Thread)Hashfast.org - Wiki for screwed customers |
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tutkarz
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March 28, 2013, 11:26:46 AM |
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Let's get real here:
Take some money off the table. Diversify.
Use some of your bitcoin, and buy some gold, silver, euros, and dollars.
Don't try to call a top, don't get greedy, do it now.
When you start to extrapolate your personal wealth out x years due to your brilliant stumble into this phenom, it's time to think.
Think.
Think.
So you can buy more cheaper? Sorry but no. |
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sgbett
Legendary
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Activity: 2576
Merit: 1087
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March 28, 2013, 11:30:59 AM |
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Agreed! Hence, hedge with a little fiat, in case it all goes tits up. That will always be a non-zero risk, because of the nature of cryptography.
If it all plays out well then the person who ignored risk will do better than me, but I don't mind because I will do alright.
If it goes to the wall, that person will do much worse than me. Some people will do much, much worse. Yeah, that's right, *2* muches. Think on!
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"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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Stikaz
Newbie
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Activity: 19
Merit: 0
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March 28, 2013, 11:35:52 AM |
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At $95, you are telling people to buy $???
If you bought in at $5 or $20 and are holding thousands of BTC, sure, but most of this is "new money" ... I don't think anyone newly invested should be jumping ship just yet.
Totally agree. This brings another thought: bitcoin can generate profit to infinite if people keep buying, then selling to make profit to other people willing to do the same and so on. Some people have to pay a shit load of money at some point to make the others filthy rich. As long as bitcoin is all about speculation, it really sounds like a money pyramid scheme... |
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tutkarz
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March 28, 2013, 11:40:35 AM |
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At $95, you are telling people to buy $???
If you bought in at $5 or $20 and are holding thousands of BTC, sure, but most of this is "new money" ... I don't think anyone newly invested should be jumping ship just yet.
Totally agree. This brings another thought: bitcoin can generate profit to infinite if people keep buying, then selling to make profit to other people willing to do the same and so on. Some people have to pay a shit load of money at some point to make the others filthy rich. As long as bitcoin is all about speculation, it really sounds like a money pyramid scheme... it may sound like it but bitcoin is supposed to cover whole internet trade. Count how much is it. |
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desired_username
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March 28, 2013, 11:43:57 AM |
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At $95, you are telling people to buy $???
If you bought in at $5 or $20 and are holding thousands of BTC, sure, but most of this is "new money" ... I don't think anyone newly invested should be jumping ship just yet.
Totally agree. This brings another thought: bitcoin can generate profit to infinite if people keep buying, then selling to make profit to other people willing to do the same and so on. Some people have to pay a shit load of money at some point to make the others filthy rich. As long as bitcoin is all about speculation, it really sounds like a money pyramid scheme... Bitcoin is far more than a bunch of people speculating on it's price ;-) |
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JimiQ84
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March 28, 2013, 11:45:09 AM |
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Let's get real here:
Take some money off the table. Diversify.
Use some of your bitcoin, and buy some gold, silver, euros, and dollars.
Don't try to call a top, don't get greedy, do it now.
When you start to extrapolate your personal wealth out x years due to your brilliant stumble into this phenom, it's time to think.
Think.
Think.
I have only 3,4% of my wealth in bitcoins, so I think I can stick with them for a little longer :-) |
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Krabby
Sr. Member
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Activity: 644
Merit: 250
https://primedao.eth.link/#/
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March 28, 2013, 11:47:02 AM |
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I have 93% of my wealth in bitcoins.
And I don't even know how it works ^^.
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LoweryCBS (OP)
Sr. Member
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Activity: 364
Merit: 250
firstbits 1LoCBS
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March 28, 2013, 12:04:00 PM |
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Money you don't lose by being greedy, buys just as many nice things as money you make by being right.
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mccorvic
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March 28, 2013, 12:15:15 PM |
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ITT: Some guy wants you to sell you his coin for discount.
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OnlyGoodVibes
Newbie
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Activity: 41
Merit: 0
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March 28, 2013, 01:03:01 PM |
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Are the majority of you guys able to sell off a "little bit" of your BTC holdings to buy a house with? Jeesus I'm out of me league here!
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nobbynobbynoob
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March 28, 2013, 01:10:21 PM
Last edit: March 28, 2013, 01:26:24 PM by nobbynobbynoob |
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Are the majority of you guys able to sell off a "little bit" of your BTC holdings to buy a house with? Jeesus I'm out of me league here!
Don't worry: I doubt this forum is peppered with "bitcoin millionaires". Those who discovered Bitcoin in 2009/10 may have mined thousands of BTC, but many of those lost or exchanged them. The 2011 bubble would've weeded out many others besides, and helped diversify the 'coins. Bitcointalk's communal forum kitty (from donations) amounts to "only" about BTC5200 last time I looked, which is really only a small fortune at today's market rates, and not a large one. We may have a few Max Keisers around here, however. My personal holdings won't make me anywhere near rich until the exchange rate is well into five or six figures in USD terms, and the same probably applies for many others. But then, Bitcoin is not a get-rich-quick scheme; it's about so much more than that (even though getting rich is possible). |
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LoweryCBS (OP)
Sr. Member
Offline
Activity: 364
Merit: 250
firstbits 1LoCBS
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March 28, 2013, 01:18:00 PM |
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But then, Bitcoin is not a get-rich-quick scheme; it's about so much more than that (even though getting rich is possible).
Check my sig. |
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Liquid
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March 28, 2013, 01:27:47 PM |
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Buy some Litecoin with your BTC  |
Bitcoin will show the world what hard money really is.
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steelboy
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March 28, 2013, 01:33:31 PM |
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I have 93% of my wealth in bitcoins.
And I don't even know how it works ^^.
LOL I love it |
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mccorvic
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March 28, 2013, 01:43:33 PM |
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Buy some Litecoin with your BTC Well, since LTC is only good for buying BTC that seems to be doing it backwards. |
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