zarl
Member
Offline
Activity: 70
Merit: 10
|
|
April 06, 2013, 08:18:21 PM |
|
All the newbies talking about loans and leverage is making start to feel bearish. Sorry guys, but "easy money" doesn't exist and when this thing turns around it will be all the leverage you idiots are putting on that will drive price to fall so quickly that you will be wiped out.
In genneral taking loans for anything is stupid.. specially for BTC at these prices
|
|
|
|
Pruden
|
|
April 06, 2013, 08:43:17 PM |
|
If you don't have disposable income, don't borrow money. Think like you will completely lose your investment.
|
|
|
|
Odalv
Legendary
Offline
Activity: 1414
Merit: 1000
|
|
April 06, 2013, 09:16:51 PM |
|
|
|
|
|
Chief Satangkai
Newbie
Offline
Activity: 54
Merit: 0
|
|
April 06, 2013, 09:17:28 PM |
|
...when this thing turns around it will be all the leverage you idiots are putting on that will drive price to fall so quickly that you will be wiped out...
So god damn true!
|
|
|
|
zoinky
|
|
April 07, 2013, 05:30:37 PM |
|
You gonna get played. Warned you guys.
|
|
|
|
zarl
Member
Offline
Activity: 70
Merit: 10
|
|
April 07, 2013, 05:33:03 PM |
|
You gonna get played. Warned you guys. I buy them back friday 30min after i sold. Im not so easy played.. but i will take chances daytrading. To get the rush
|
|
|
|
Gordonium
|
|
April 07, 2013, 05:35:06 PM Last edit: April 07, 2013, 06:15:08 PM by Gordonium |
|
If you don't have disposable income, don't borrow money. Think like you will completely lose your investment.
If I would not have any BTC or fiat if would definitely take small loan to buy some BTC. I think that the risk to lose completely couple of grands is much smaller risk than the risk that one day 1 BTC will be priced 100k$ and you missed the train. I am much more willing to take the risk to lose my money investment in BTC than to take the risk of missing the train.
|
|
|
|
blksith0
Newbie
Offline
Activity: 59
Merit: 0
|
|
April 07, 2013, 05:59:12 PM |
|
What are you saying? Was now not a good time to buy in? Because I spent a nice chunk of cash on some coins.
|
|
|
|
Canaanite
|
|
April 07, 2013, 06:11:30 PM |
|
If you don't have disposable income, don't borrow money. Think like you will completely lose your investment.
If I would not have any BTC or FIAT if would definitely take small loan to buy some BTC. I think that the risk to lose completely couple of grands is much smaller risk than the risk that one day 1 BTC will be priced 100k$ and you missed the train. I am much more willing to take the risk to lose my money investment in BTC than to take the risk of missing the train. Its just like borrowing money to gamble on horse-racing you dont gamble with money you dont have or the big guys with the bat will wait for you in the corner
|
|
|
|
caffeineJoe
Newbie
Offline
Activity: 28
Merit: 0
|
|
April 07, 2013, 08:27:22 PM |
|
All the newbies talking about loans and leverage is making start to feel bearish. Sorry guys, but "easy money" doesn't exist and when this thing turns around it will be all the leverage you idiots are putting on that will drive price to fall so quickly that you will be wiped out.
Nothing wrong with buying and holding? Why not? Although at some point it would be nice to spend this coin Someplace ...
|
|
|
|
PachucoBro
Newbie
Offline
Activity: 56
Merit: 0
|
|
April 07, 2013, 08:32:12 PM |
|
All the newbies talking about loans and leverage is making start to feel bearish. Sorry guys, but "easy money" doesn't exist and when this thing turns around it will be all the leverage you idiots are putting on that will drive price to fall so quickly that you will be wiped out.
Nothing wrong with buying and holding? Why not? Although at some point it would be nice to spend this coin Someplace ... Nothing wrong with buying and holding... buying with funds you don't actually have aka borrowing funds for investments... is what is bad.
|
|
|
|
caffeineJoe
Newbie
Offline
Activity: 28
Merit: 0
|
|
April 07, 2013, 08:56:11 PM |
|
All the newbies talking about loans and leverage is making start to feel bearish. Sorry guys, but "easy money" doesn't exist and when this thing turns around it will be all the leverage you idiots are putting on that will drive price to fall so quickly that you will be wiped out.
So I'm guessing you have sold, made a profit and now hoping For a correction down to buy back in? Nothing wrong with buy and hold tho.
|
|
|
|
randrace
Sr. Member
Offline
Activity: 329
Merit: 250
LTC -> BTC -> Silver!
|
|
April 07, 2013, 09:39:58 PM |
|
If events unfold as I predict then we are going to see double digits followed by explosive growth to a new ATH occurring within 1 week of each other.
Haha, a month ago, you would have said Single Digits. Next month you will call a dip into Triple Digits.
|
|
|
|
|