briannguyen (OP)
Newbie
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Activity: 56
Merit: 0
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April 19, 2013, 09:46:09 AM |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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zordsdavini
Newbie
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Activity: 12
Merit: 0
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April 19, 2013, 09:48:30 AM |
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good one  |
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naphto
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April 19, 2013, 09:49:14 AM |
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(edit)
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salty
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April 19, 2013, 09:53:07 AM |
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?
He invested $4000 into btc since last year and is still holding. I don't see how has he lost $50k? Looks like an attention grabbing headline to sell his data recovery service.
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TiborB
Member
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Activity: 83
Merit: 10
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April 19, 2013, 10:01:26 AM |
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These days this is really like stock exchange - value is not backed by gold or anything, price is regulated by supply and demand. The amount of available BTCs increases by a rules set in stone, but other factors, like popularity, economy, Cyprus which all influence the exchange rates. Currently it is somewhat to gambling IMHO.
One basic rule is: if buying, only invest the amount you are comfortable with loosing.
Cheers,
T
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dennis97519
Jr. Member
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Activity: 58
Merit: 1
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April 19, 2013, 10:05:32 AM |
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?
He invested $4000 into btc since last year and is still holding. I don't see how has he lost $50k? Looks like an attention grabbing headline to sell his data recovery service.
Agree. If you dont sell at all you wont lose anything. |
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Hei_
Newbie
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Activity: 42
Merit: 0
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April 19, 2013, 10:43:19 AM |
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who cares? i have 1800+ coins = in fiat i lost in chrash 200k? who cares?
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nwfella
Legendary
Offline
Activity: 1582
Merit: 1000
Well hello there!
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April 19, 2013, 10:47:38 AM |
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just had a friend that bought over 12K USD @ 240ish...he's bummed...but at least said he doesn't lose a dime til he sells...think he'll be just fine -nwfella |
¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿
Gimme the crypto!!
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victor999
Newbie
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Activity: 26
Merit: 0
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April 19, 2013, 11:18:03 AM |
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I can see a lot of Wall Street mentality here. Big money (to me, anyway) being discussed as casually as having your morning coffee....
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insulting_robot
Newbie
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Activity: 57
Merit: 0
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April 19, 2013, 11:26:28 AM |
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> ...
> this is the insulting robot
> i invested 50k in the stupidity of human investors
> the stupidity of human investors increased by 50k
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daggeteo
Newbie
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Activity: 55
Merit: 0
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April 19, 2013, 11:29:35 AM |
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These days this is really like stock exchange - value is not backed by gold or anything, price is regulated by supply and demand. The amount of available BTCs increases by a rules set in stone, but other factors, like popularity, economy, Cyprus which all influence the exchange rates. Currently it is somewhat to gambling IMHO.
One basic rule is: if buying, only invest the amount you are comfortable with loosing.
Cheers,
T
That is a sound rule. Can be applied to anything really! |
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dex1
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April 19, 2013, 11:39:54 AM |
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?
He invested $4000 into btc since last year and is still holding. I don't see how has he lost $50k? Looks like an attention grabbing headline to sell his data recovery service.
+1 Here goes the story: He has put $4000 in BTC , now his investment is worth $20000 and he claims loosing $50000. Well...Right... IMHO doing maths is not his forte. |
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Gabi
Legendary
Offline
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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April 19, 2013, 12:07:29 PM |
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Did he lose any bitcoin? He invested 4000$ and with today's price he is still profiting, he lost nothing! And anyway price is already increasing, route for over 266 engaged |
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Raver32
Newbie
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Activity: 9
Merit: 0
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April 19, 2013, 12:27:13 PM |
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I'd be happy to be your bitcoin accountant - for a small fee of course |
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btcsharp
Newbie
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Activity: 5
Merit: 0
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April 19, 2013, 12:49:16 PM |
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The only thing he lost was the possibility of cashing out :-)
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Lucsus
Newbie
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Activity: 26
Merit: 0
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April 19, 2013, 12:58:00 PM |
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The only thing he lost was the possibility of cashing out²
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BarryB
Newbie
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Activity: 18
Merit: 0
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April 19, 2013, 01:05:11 PM |
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I call BS. If he never had the $50,000 in his hands then he didn't lose it. He lost the fiat/on paper value, but that's arbitrary. This article reads more like a shill to pump up BitCoin.
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nextnet
Newbie
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Activity: 10
Merit: 0
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April 19, 2013, 01:26:35 PM |
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Super instructive. Thanks for posting.
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mastertheknife
Newbie
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Activity: 1
Merit: 0
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April 19, 2013, 01:30:35 PM |
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He didn't really lose $50,000 because he never invested that amount, he invested a much lower amount. He potentially lost $50,000 because he didn't cash out in time..
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yvon
Newbie
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Activity: 6
Merit: 0
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April 19, 2013, 01:33:21 PM |
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you don't lose money (50K) from an initial investment of 4K. It is an attention grabbing headline which is false.
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