jl2012 (OP)
Legendary
 Offline
Activity: 1792
Merit: 1097
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January 14, 2015, 02:47:20 AM |
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update
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Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY)
LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC)
PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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seriouscoin
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January 14, 2015, 06:30:39 AM |
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They should buy more coin to lower their avg cost.
Pigs are getting slaughtered, look at all the doomsday threads around here.
I dont like Warren Buffet, but his sense of the market is never wrong. Blood is everywhere, time to be greedy!
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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January 14, 2015, 06:52:39 AM |
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So any updates  Small guys are dumping, but that does not mean much I dont think you're seeing small players dumping right now... I'm just as interested in what SecondMarket people are doing, though. I bought through SecondMarket around $700 and I'm delighted to stay the course. I wouldn't have sold even if I could have. Either Bitcoin et al are the biggest thing since electricity and the wheel or it goes to zero. As applications deploy then the utility/value of Bitcoin will rise. The lackluster sentiment right now is just fine. What'd I like to do is acquire more Bitcoins but that would compromise my diversification. Ssssshhhh! Don't put ideas in their heads. (sets buy orders) |
more or less retired.
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JorgeStolfi
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January 14, 2015, 08:02:54 AM |
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I bought through SecondMarket around $700 and I'm delighted to stay the course. I wouldn't have sold even if I could have.
Good for you then. But I am thinking of those SMBIT investors who wanted to redeem after the lock-up. Thank Goddess they had a benevolent Authority to protect them from their own weaknesses. But no problem, I am sure that, if and when SMBIT again allows redemptions, they will offer to redeem the shares according to the price on 2014-10-28 (355 USD/BTC). |
Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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David Rabahy
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January 14, 2015, 03:24:47 PM |
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I bought through SecondMarket around $700/btc and I'm delighted to stay the course. I wouldn't have sold even if I could have.
Good for you then. But I am thinking of those SMBIT investors who wanted to redeem after the lock-up. Thank Goddess they had a benevolent Authority to protect them from their own weaknesses. But no problem, I am sure that, if and when SMBIT again allows redemptions, they will offer to redeem the shares according to the price on 2014-10-28 (355 USD/BTC). Such investors (one wonders what percentage exists) could have used Bitfinex to sell short (pseudo-naked) to protect their position. |
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JorgeStolfi
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January 14, 2015, 03:49:04 PM |
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Such investors (one wonders what percentage exists) could have used Bitfinex to sell short (pseudo-naked) to protect their position.
Is there a set date for SMBIT to re-enable redemptions? |
Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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David Rabahy
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January 14, 2015, 04:26:36 PM |
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Is there a set date for SMBIT to re-enable redemptions?
When I last spoke with the SecondMarket folks they indicated redemptions will be through the ETF, so, no, no specific date is known yet. |
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JorgeStolfi
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January 14, 2015, 04:31:49 PM |
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Is there a set date for SMBIT to re-enable redemptions?
When I last spoke with the SecondMarket folks they indicated redemptions will be through the ETF, so, no, no specific date is known yet. That means, there will be no redemptions: investors will have to find other investors in order to cash out. Correct? |
Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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David Rabahy
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January 14, 2015, 04:35:10 PM |
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That means, there will be no redemptions: investors will have to find other investors in order to cash out. Correct?
Well, I won't have to find another investor to buy my position; rather, I just order my investment converted into the ETF (trivial, might even be automatic) and then trade it just like any other ETF. Naturally there must be buyers of the ETF in order to make a deals but I don't have to find them myself. |
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NotLambchop
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January 14, 2015, 04:39:27 PM |
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...
I bought through SecondMarket around $700/btc and I'm delighted to stay the course. ...
Loses over two thirds of his "investment" & is delighted. Bitcoiners are the happiest people  |
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JorgeStolfi
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January 14, 2015, 04:46:33 PM |
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That means, there will be no redemptions: investors will have to find other investors in order to cash out. Correct?
Well, I won't have to find another investor to buy my position; rather, I just order my investment converted into the ETF (trivial, might even be automatic) and then trade it just like any other ETF. Naturally there must be buyers of the ETF in order to make a deals but I don't have to find them myself. OK, sorry, I did not mean that. The point is that the money that went into SM will not come out again. Wouldn't it be like this project of mine? |
Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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David Rabahy
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January 14, 2015, 04:56:44 PM |
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I bought through SecondMarket around $700/btc and I'm delighted to stay the course. ...
Loses over two thirds of his "investment" & is delighted. Bitcoiners are the happiest people Although I'd be even happier to go to da moon directly, I haven't lost anything yet, I still have my full investment denominated in Bitcoins. *If* I exchanged back into US dollars today then indeed I would realize a loss. Btw, I have another pile of Bitcoins I bought at around $100/btc making it somewhat easier to still be delighted to stay the course. I even took some profits at around $850/btc so that helps make me happy too. |
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David Rabahy
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January 14, 2015, 05:10:56 PM |
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OK, sorry, I did not mean that. The point is that the money that went into SM will not come out again. Wouldn't it be like this project of mine? Oh. I fully expect the money I put in through SM will indeed come out again someday. Your "project" is clearly fraud and not like Bitcoin or SM at all. Well, I suppose SM or even Bitcoin could turn out to be frauds but so far I doubt it. Do you have evidence that either are indeed frauds? |
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NotLambchop
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January 14, 2015, 05:13:19 PM |
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I bought through SecondMarket around $700/btc and I'm delighted to stay the course. ...
Loses over two thirds of his "investment" & is delighted. Bitcoiners are the happiest people Although I'd be even happier to go to da moon directly, I haven't lost anything yet, I still have my full investment denominated in Bitcoins. *If* I exchanged back into US dollars today then indeed I would realize a loss. Btw, I have another pile of Bitcoins I bought at around $100/btc making it somewhat easier to still be delighted to stay the course. I even took some profits at around $850/btc so that helps make me happy too. Lol, I take back everything I said--Bitcoiners are not the happiest people. But I see how making an unrelated "investment" where you allegedly made money would make you delighted with this winner. ~Happy Investing! |
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David Rabahy
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January 14, 2015, 05:37:40 PM |
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Lol, I take back everything I said--Bitcoiners are not the happiest people.
But I see how making an unrelated "investment" where you allegedly made money would make you delighted with this winner.
~Happy Investing!
... "delighted to stay the course" is different than "delighted to endure a loss". Is English not your best language or are you deliberately misconstruing? |
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JorgeStolfi
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January 14, 2015, 05:46:10 PM |
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OK, sorry, I did not mean that. The point is that the money that went into SM will not come out again. Wouldn't it be like this project of mine? Oh. I fully expect the money I put in through SM will indeed come out again someday. Your "project" is clearly fraud and not like Bitcoin or SM at all. Well, I suppose SM or even Bitcoin could turn out to be frauds but so far I doubt it. Do you have evidence that either are indeed frauds? Never said they are frauds. Unlike my "plan", I am sure that everything was clearly spelled out in the prospectus, and investors were fully aware of the risks. |
Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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NotLambchop
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January 14, 2015, 05:47:02 PM |
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Lol, I take back everything I said--Bitcoiners are not the happiest people.
But I see how making an unrelated "investment" where you allegedly made money would make you delighted with this winner.
~Happy Investing!
... "delighted to stay the course" is different than "delighted to endure a loss". Is English not your best language or are you deliberately misconstruing? English is not my native language, so help me out: what, exactly, do you mean by "delighted to stay the course," and how has it been substantially different from "enduring a [~70%] loss"? Thx. |
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David Rabahy
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January 14, 2015, 05:54:05 PM |
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English is not my native language, so help me out: what, exactly, do you mean by "delighted to stay the course," and how has it been substantially different from "enduring a [~70%] loss"?
Thx.
Ah, now it makes sense. "Delighted to stay the course" means that I have content with my current position and have no plans to make any big changes. I will stay on the course/path I am already on. I will not change to a different path. It would be disingenuous to ever delight in enduring a loss. Anyone claiming to be delighted with a loss would be insincere. One can endure a loss while still being delighted to stay the course. |
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NotLambchop
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January 14, 2015, 05:56:58 PM |
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English is not my native language, so help me out: what, exactly, do you mean by "delighted to stay the course," and how has it been substantially different from "enduring a [~70%] loss"?
Thx.
Ah, now it makes sense. "Delighted to stay the course" means that I have content with my current position and have no plans to make any big changes. I will stay on the course/path I am already on. I will not change to a different path. It would be disingenuous to ever delight in enduring a loss. Anyone claiming to be delighted with a loss would be insincere. One can endure a loss while still being delighted to stay the course. Aha, "delighted" means "content." Tricky language, your English. |
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elux
Legendary
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Activity: 1458
Merit: 1006
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January 26, 2015, 05:39:37 PM |
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bump
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