Where the hell is Max Kaiser and the Winkelvass twins??

[GigaCoin]

They are busy manipulating the market to buy cheap coins

[1715109711]

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[bryant.coleman]

They are busy manipulating the market to buy cheap coins

They bought the coins when the BTC was trading against the USD at $100. Why should they buy more , especially at $800 levels? An intelligent person would be doing profit booking right now.

[GigaCoin]

They are busy manipulating the market to buy cheap coins

They bought the coins when the BTC was trading against the USD at $100. Why should they buy more , especially at $800 levels? An intelligent person would be doing profit booking right now.

they want moar 

[BlackBison]

You can just take some off the table and diversify into stocks or something. Rare earths or 3d printing are some interesting alternatives.

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

― Warren Buffett

[beetcoin]

You can just take some off the table and diversify into stocks or something. Rare earths or 3d printing are some interesting alternatives.

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

― Warren Buffett

even if you are know what you are doing, nothing is guaranteed. you could end up losing your entire savings. if you are a professional investor, i guess the case would be different (ie: warren buffet).

[Herp]

You can just take some off the table and diversify into stocks or something. Rare earths or 3d printing are some interesting alternatives.

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

― Warren Buffett

even if you are know what you are doing, nothing is guaranteed. you could end up losing your entire savings. if you are a professional investor, i guess the case would be different (ie: warren buffet).

No it wouldn't be actually. It was the same Warren Buffett who said that if someone handed him a revolver with 1 bullet he would never pull the trigger regardless of how much money he could make. There's still a chance you could lose everything. He was talking about Solomon and how those guys lost everything because they thought were smarter than they were.

Just look at the recent debacle involving boy genius arrogant Bill Ackman who got fried for thinking he was unbeatable and got wiped out basically on the Herbalife and JC Penney deals.

I don't believe you should diversify into dozens of places, but you shouldn't bet the house on just one horse no matter how good the odds. People make mistakes and no one can foresee the future.

[VforVictory]

You can just take some off the table and diversify into stocks or something. Rare earths or 3d printing are some interesting alternatives.

“Diversification is protection against ignorance. It makes little sense if you know what you are doing.”

― Warren Buffett

Too bad nearly all the altcoins are tied to BTC, and end up dropping with BTC as well.

[mateo]

Why am I dumb and greedy?

For investing life savings into one of the riskiest investments.
But mostly for using BTC as a "get rich quick" scheme. I happen to use Bitcoins mostly for buying and selling real stuff, and price volatility caused by speculators like you are a major pain in the ass with using BTC as a currency right now.

[ashaw596]

I invested my life savings too. Then again. I'm in college and I could afford to lose the $3000 I put in from my summer job....

[Dafar]

Bump

CRASH #2 THIS MONTH IS HERE... and this one looks bad!!



Where art thou oh great Max Kaiser, Andreas Antonopoulos and Winkelvii twins form the movie "The Social Network" we need your reassurance that bitcoin will survive!

[BitJock-e]

Where art thou oh great Max Kaiser, Andreas Antonopoulos and Winkelvii twins form the movie "The Social Network" we need your reassurance that bitcoin will survive!

If you need constant assurance from other people, you should not be in bitcoin.

[tinus42]

The Winklevii also lost money (on paper) because Cameron said in his recent Reddit AMA that he has not sold any of his Bitcoins up till now (I am assuming the same is true for his brother) and made a reference to the Hold Spartans meme. They are confident in Bitcoin's future in the long term.

"I have yet to sell a single bitcoin." -- winky_pop AKA Cameron Winklevoss

http://www.reddit.com/r/IAmA/comments/1swnnl/i_am_cameron_winklevoss_and_i_love_me_some/ce1ylfv

"Holding, Spartans hold. No, my crystal ball is broken ATM." -- winky_pop AKA Cameron Winklevoss

http://www.reddit.com/r/IAmA/comments/1swnnl/i_am_cameron_winklevoss_and_i_love_me_some/ce1ysgx

[Frost000]

Haha, that's an amazing picture to go with it...

In the end, investing all of what you've got in Bitcoin (or in any other 1 investment), as the op did, is pretty crazy. It's not as much about diversification as it's about being somewhat safe.

[Dafar]

Where art thou oh great Max Kaiser, Andreas Antonopoulos and Winkelvii twins form the movie "The Social Network" we need your reassurance that bitcoin will survive!

If you need constant assurance from other people, you should not be in bitcoin.

im just kidding man, relax

but I would love to hear form them right now, they are mostl vocal when bitcoins are doing well

Haha, that's an amazing picture to go with it...

In the end, investing all of what you've got in Bitcoin (or in any other 1 investment), as the op did, is pretty crazy. It's not as much about diversification as it's about being somewhat safe.

Well all my friends say I'm crazy so makes sense

[tinus42]

im just kidding man, relax

but I would love to hear form them right now, they are mostl vocal when bitcoins are doing well

You wish is granted:

http://rt.com/shows/keiser-report/episode-538-max-keiser-443

In the second half of the show Max Keiser and Bill Still talk about Quarkcoin.