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Author Topic: This is the Part Where We Take the Wall Streeters' Money  (Read 2555 times)
vokain
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May 25, 2013, 05:33:22 PM
 #21

  Cheesy from a friend's correspondence

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May 25, 2013, 06:09:33 PM
 #22

who exactly is "they"?
vokain
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May 25, 2013, 06:33:02 PM
 #23

who exactly is "they"?

likely referring to the Dwolla-MtGox seizure

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May 25, 2013, 08:48:52 PM
 #24

Yeah, because quadrillions of dollars in derivatives is SO not risky and totally not a bubble

Bond market's not a bubble

Stock market's not a bubble

NIKKEI NOT BUBBLE -Kuroda

Student and home loans not a bubble

Housing not a reinflated bubble

Bitcoin is SO much more risky than all of those investments Wink

What are those "business investors" thinking? Are they as baked as your friend?  Grin Grin Grin
Oh well, they can go back to their derivatives, we'll see who makes out in the end.
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May 25, 2013, 09:22:40 PM
 #25

Yeah, because quadrillions of dollars in derivatives is SO not risky and totally not a bubble

Bond market's not a bubble

Stock market's not a bubble

NIKKEI NOT BUBBLE -Kuroda

Student and home loans not a bubble

Housing not a reinflated bubble

Bitcoin is SO much more risky than all of those investments Wink

What are those "business investors" thinking? Are they as baked as your friend?  Grin Grin Grin
Oh well, they can go back to their derivatives, we'll see who makes out in the end.

+1; <3 your sarcasm :-)

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Crypt_Current
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May 25, 2013, 09:25:19 PM
 #26

To the OP:

I've never ridden a bull in my entire life, and now's my chance (metaphorically).

We just got our little family unit into a living space with all the necessary amenities for an exceptionally affordable price -- pure luck put us in the right position at the exact right time...
Because now, I am not forced to sell ANY mining proceeds, and I have ASICs coming any day now.  The fiance believes in this ultimate retirement fund as hard as I do...
Sooo......

FUCK YES!!!  LET'S DO THIS! 

Here's to overcoming adversity, friends.  :-)

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Crypt_Current
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May 25, 2013, 09:32:02 PM
 #27

If we can just HOLD on to the reins of a rampaging bull about to kick into massive overdrive.

This is where it gets fun. There are a bunch of Silicon Valley VCs and Wall Streeters who want to take multi-million dollar positions in Bitcoin. The Bitcoin market is currently waaaaaay too small to absorb these types of funds flows. Those who hold bitcoin likely do not need to sell because they have been paid for in full. Thus, supply for sale can be greatly reigned in.

And use the fact that they, along with all the new average users, are competing with each other to your advantage. For new users the price is irrelevant for transactional demand because people just buy the bitcoins to spend them and the utility of transferring value privately is all that matters. It is only speculative demand where the price matters.

So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer.

I like the cut of Trace's jib  :-)

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May 25, 2013, 09:36:28 PM
 #28

So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer.
Maybe next time. Cheesy
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May 25, 2013, 10:10:06 PM
 #29

So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer.
Maybe next time. Cheesy

haha, I failed to see that this thread started in April  Cheesy
Indeed, NEXT TIME  Grin

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May 26, 2013, 05:31:50 AM
 #30

For sure Silicon Valley investors will come before WallStreet ones.
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May 26, 2013, 06:12:36 AM
 #31

So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer.
Maybe next time. Cheesy

haha, I failed to see that this thread started in April  Cheesy
Indeed, NEXT TIME  Grin


It's really great that we can go back in time with this forum.

I can't remember having been part of a speculative community where this was the case.

Clearly these people were overly bullish. Price had hit $140 and they start saying don't sell until $1000.

None of these people took the money of some rich newcomers that overpaid for the coin...

When bears have been proven wrong time and time again, are laughed at, ignored, is exactly the time when they have the most value. 
 
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May 26, 2013, 08:23:38 AM
 #32

So make these SV and WS speculators pay dearly, as in like $1000's per bitcoin, for any bitcoins they get. Do not let them take any sizable positions cheaply. Be the beneficiary of the wealth transfer.
Maybe next time. Cheesy

haha, I failed to see that this thread started in April  Cheesy
Indeed, NEXT TIME  Grin


It's really great that we can go back in time with this forum.

I can't remember having been part of a speculative community where this was the case.

Clearly these people were overly bullish. Price had hit $140 and they start saying don't sell until $1000.

None of these people took the money of some rich newcomers that overpaid for the coin...

When bears have been proven wrong time and time again, are laughed at, ignored, is exactly the time when they have the most value. 
 

Price is still almost 140.... I wouldn't call holding at 140 a bad move just yet.

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