Bitcoin Forum
December 08, 2016, 12:20:32 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Bitcoin outperforming Stock Market  (Read 1482 times)
billyjoeallen
Legendary
*
Offline Offline

Activity: 966


Hide your women


View Profile WWW
June 24, 2011, 08:22:47 PM
 #1

Another crappy day on Wall Street. All the bitcoin bears and haterz seem to overlook the fact that, in spite of the bad press, the Trojan horse virus and the MtGox megahack, Bitcoin still is vastly outperforming the DJIA, the S&P 500 and the NASDAQ for the Day, the week, the month and the year. 

Additionally, the exchange volume is now more evenly distributed between competing exchanges, exchange transaction fees are lower, exchange security is vastly improved and the software has been updated.  More mining rigs are on line (capital investment), more vendors are offering goods for sale, and political opposition has fallen off the RADAR.

This is all evidence of a system vastly more robust than is presently perceived. This is not a prediction, but it's possible Bitcoin will never be this cheap again. 



insert coin here:
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc

Open an exchange account at CampBX: options, lowest commissions, and best security
https://campbx.com/register.php?r=0Y7YxohTV0B
1481156432
Hero Member
*
Offline Offline

Posts: 1481156432

View Profile Personal Message (Offline)

Ignore
1481156432
Reply with quote  #2

1481156432
Report to moderator
1481156432
Hero Member
*
Offline Offline

Posts: 1481156432

View Profile Personal Message (Offline)

Ignore
1481156432
Reply with quote  #2

1481156432
Report to moderator
1481156432
Hero Member
*
Offline Offline

Posts: 1481156432

View Profile Personal Message (Offline)

Ignore
1481156432
Reply with quote  #2

1481156432
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481156432
Hero Member
*
Offline Offline

Posts: 1481156432

View Profile Personal Message (Offline)

Ignore
1481156432
Reply with quote  #2

1481156432
Report to moderator
1481156432
Hero Member
*
Offline Offline

Posts: 1481156432

View Profile Personal Message (Offline)

Ignore
1481156432
Reply with quote  #2

1481156432
Report to moderator
qualia8
Full Member
***
Offline Offline

Activity: 140


View Profile
June 24, 2011, 10:53:29 PM
 #2

Seriously.  I'm wishing I'd dumped my real money into BTC and play money into the market.
dinzy
Member
**
Offline Offline

Activity: 98


Fuck Intel!


View Profile
June 24, 2011, 11:28:20 PM
 #3

Sitting on your money is outperforming the market over the last few weeks. 
billyjoeallen
Legendary
*
Offline Offline

Activity: 966


Hide your women


View Profile WWW
June 24, 2011, 11:49:42 PM
 #4

Sitting on your money is outperforming the market over the last few weeks. 

Judging by the negative yields in 1 month treasuries today, professional money managers are actually paying Tim Geithner to preventing them from investing in the worthless stock market!

http://www.zerohedge.com/article/1-month-bill-0005

insert coin here:
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc

Open an exchange account at CampBX: options, lowest commissions, and best security
https://campbx.com/register.php?r=0Y7YxohTV0B
chuckypalumbo
Jr. Member
*
Offline Offline

Activity: 56


View Profile WWW
June 25, 2011, 01:31:03 AM
 #5

Sitting on your money is outperforming the market over the last few weeks. 

Judging by the negative yields in 1 month treasuries today, professional money managers are actually paying Tim Geithner to preventing them from investing in the worthless stock market!

http://www.zerohedge.com/article/1-month-bill-0005

The stock market is a disaster, people should be jumping into bitcoin and precious metals at every opportunity.

If you're looking to sign up for an exchange try Bitcoin7 or Tradehill, referral codes are listed below. Sign up for Tradehill and get 10% off of every trade you ever make.

https://www.bitcoin7.com/?ref=6383

http://www.tradehill.com/?r=TH-R15532
Justsomeforumuser
Member
**
Offline Offline

Activity: 84


View Profile
June 25, 2011, 09:57:41 AM
 #6

Wow, what a smart statement that completely does not rely on 20/20 hindsight and could be just as applied to over 9000 penny stocks in the world that had similiar pump-and-dump action of xxx% change within a couple of weeks.

I agree though, the best investment choices are always those where you first were able to wait for the outcome, then travel back in time and make them.

Ho-Hum.
billyjoeallen
Legendary
*
Offline Offline

Activity: 966


Hide your women


View Profile WWW
June 25, 2011, 11:36:55 AM
 #7

Wow, what a smart statement that completely does not rely on 20/20 hindsight and could be just as applied to over 9000 penny stocks in the world that had similiar pump-and-dump action of xxx% change within a couple of weeks.

I agree though, the best investment choices are always those where you first were able to wait for the outcome, then travel back in time and make them.

Regarding Bitcoin, there was more pumping than dumping. Bitcoin still has the same growth potential, just at a slower rate than was assumed during the mania.

insert coin here:
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc

Open an exchange account at CampBX: options, lowest commissions, and best security
https://campbx.com/register.php?r=0Y7YxohTV0B
AyeYo
Full Member
***
Offline Offline

Activity: 154


View Profile
June 25, 2011, 05:01:02 PM
 #8

Wow, what a smart statement that completely does not rely on 20/20 hindsight and could be just as applied to over 9000 penny stocks in the world that had similiar pump-and-dump action of xxx% change within a couple of weeks.

I agree though, the best investment choices are always those where you first were able to wait for the outcome, then travel back in time and make them.


hahhahahha!  Summed this thread up perfectly  e-beer to you, sir.

Enjoying the dose of reality or getting a laugh out of my posts? Feel free to toss me a penny or two, everyone else seems to be doing it! 1Kn8NqvbCC83zpvBsKMtu4sjso5PjrQEu1
luv2drnkbr
Hero Member
*****
Offline Offline

Activity: 771



View Profile
June 27, 2011, 01:05:33 PM
 #9

The market is a lie anyway.  9% a year average means nothing.  Based on the cost of food and various forms of entertainment over the past century, USD inflation is about 7% per year.  Add to that capitol gains tax and most people not smart enough to re-invest to avoid taxes, that gives you... you guessed it, 9% per year.  The stock market is not a +EV game, it's a neutral EV game.  Thankfully, just like with poker, people are dumb enough to give you an edge.

tanerlorn
Member
**
Offline Offline

Activity: 109



View Profile
June 28, 2011, 02:12:21 AM
 #10

The market is a lie anyway.  9% a year average means nothing.  Based on the cost of food and various forms of entertainment over the past century, USD inflation is about 7% per year.  Add to that capitol gains tax and most people not smart enough to re-invest to avoid taxes, that gives you... you guessed it, 9% per year.  The stock market is not a +EV game, it's a neutral EV game.  Thankfully, just like with poker, people are dumb enough to give you an edge.

Well said mate. Its the only way to "break even" if you wish to hold, long-term, an inflationary currency.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!