tvbcof
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Merit: 1276
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January 09, 2014, 10:38:21 PM |
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Anyone who sells just because we reach $1000 is a limpdick... HODL OR DIE!
$1000 is NOTHING, if you sell you are giving away FREE coins. Agreed. You only sell some at that level in order to buy back in and end up with more BTC. This will hit 10s of thousands within 2 years at the minimum. Someone who happens to have a lot of BTC can both sell (at, say, 100x) and buy something which can be enjoyed, and also hodl a large number to enjoy the potential for even greater profits in the future. There is no 'one-size-fits-all' since each person's situation is different. I planned to 'HODL to the max' back in 2011 and continue to do so until 10x (if we made it that far) then take back my initial outlay. The next sale would be at 100x (again, if we got there.) It was always a giant low probability speculative play to me and I always was prepared to lose everything I put in. These plans were formed as I was getting involved in the first place, and I stuck to them without paying a great deal of attention to timings and without boxing myself into some sort of a corner. Bitcoin is still classified as 'experimental' and it is not anywhere near certain that it will do any particular thing in the future. There are a lot of factors and unknowns. I personally would feel like a world class idiot of the whole thing crumbled for some reason and I had not gotten something out of it. |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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bitpop
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January 09, 2014, 10:42:01 PM |
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True if you have a lot you can get profit and help others get coins. Price can't go up until things are more even and one person doesn't have 100k btc.
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tvbcof
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January 10, 2014, 04:34:26 AM |
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True if you have a lot you can get profit and help others get coins. Price can't go up until things are more even and one person doesn't have 100k btc.
This is a very good point. The extreme GINI coefficient in the economy strikes me as one of the largest threats. After all Bitcoin derives a lot of it's strength from being the software that people willingly choose to run. If relative latecomers cannot get in in a reasonable way that could be incentive to choose a different solution. Lately I've just been selling at Coinbase for convenience. I've no idea where the BTC goes. Once I get comfortable that I've got what I need for some projects I have planned, maybe I'll switch over to trying to service whatever local demand there might be. In significant sizes doing things locally is impossible, and it's always going to be a hassle which I may or may not enjoy. Busy with other projects at the moment. Whether legitimate or not, I consider being a 'hoarder' to have the benefit of dampening out fluctuation somewhat and providing some liquidity in times of need. Certainly I felt that I was doing the economy a service by soaking up some liquidity back in late 2011. |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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bitpop
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Merit: 1060
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January 10, 2014, 04:36:24 AM |
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Coinbase sells into bitstamp which is great.
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knightcoin
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Merit: 100
Stand on the shoulders of giants
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January 10, 2014, 04:43:44 AM |
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Coinbase sells into bitstamp which is great.
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FiatKiller
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January 10, 2014, 05:02:07 PM |
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I don't think we are saying to hold all. The main point is to keep the majority of your coins longterm.
Selling on the way up is the standard practice in the investment world.
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pbody
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January 10, 2014, 06:42:01 PM |
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I don't think we are saying to hold all. The main point is to keep the majority of your coins longterm.
Selling on the way up is the standard practice in the investment world.
Hodl - Holding when the investment world says it is wrong to do so. Hold all at all times. |
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T.Stuart
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January 10, 2014, 06:58:53 PM |
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I don't think we are saying to hold all. The main point is to keep the majority of your coins longterm.
Selling on the way up is the standard practice in the investment world.
He he !!  Oh yes we are !! |
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TERA
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January 11, 2014, 12:17:28 AM |
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sayaz
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January 11, 2014, 01:00:15 AM |
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ITT: 23 pages of delusion
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bitpop
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January 11, 2014, 01:08:29 AM |
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just arrived, PM if u want one, i ordered a few extras (the color is safety green)  Haha sorry that looks like something a disabled person in a wheelchair would wear. |
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adamstgBit
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Merit: 1037
Trusted Bitcoiner
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January 11, 2014, 01:25:28 AM |
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just arrived, PM if u want one, i ordered a few extras (the color is safety green) Haha sorry that looks like something a disabled person in a wheelchair would wear. lmao a HODLING shirt what will they think of next |
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Wilhelm
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Merit: 1265
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January 11, 2014, 01:39:28 AM |
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just arrived, PM if u want one, i ordered a few extras (the color is safety green) Haha sorry that looks like something a disabled person in a wheelchair would wear. lmao a HODLING shirt what will they think of next Girls panties with HODL on it  |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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zachcope
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January 11, 2014, 04:24:17 PM |
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Nice try. Suggest hodl the day job for now though. |
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knightcoin
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Activity: 238
Merit: 100
Stand on the shoulders of giants
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January 11, 2014, 04:50:43 PM |
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Nice try. Suggest hodl the day job for now though. Colour is  although I got a friend that is colour blind ... we can't even give him a Ethernet patch to crimp lol  |
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segeln
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January 11, 2014, 04:57:37 PM |
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Girls panties with HODL on it Wilhelm, do you think I am morally stable enough to read those Posts? greetings from Cologne segeln |
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Eusebio
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January 11, 2014, 08:03:30 PM |
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hodl, dont be afraid
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tvbcof
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Activity: 4592
Merit: 1276
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January 11, 2014, 08:23:35 PM |
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I bought two of the shirts. The seller seemed quite responsive and I considered the price very fair. Most of the time when anyone tries to sell anything which is in any way associated with Bitcoin, they try to charge vastly more than the item is worth so I found this effort refreshing.
I also kinda like that the message is simplistic. If anyone asks what my shirt means, I can (at my discretion) just say that it originate as a drunken post on a Bitcoin related forum.
The color is a positive to me. I don't get around to wearing a safety vest sometimes when I should be. OTOH, I assume that these are not 'beefy-t' quality items so they would not have a long life expectancy if I were out hunting or working on a construction project. My only complaint (admittedly before seeing the gear) is that they have no front pocket. I swore I would never buy a tee-shirt lacking one in the future. So much for that.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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shields
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January 11, 2014, 09:42:05 PM |
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I bought two of the shirts. The seller seemed quite responsive and I considered the price very fair. Most of the time when anyone tries to sell anything which is in any way associated with Bitcoin, they try to charge vastly more than the item is worth so I found this effort refreshing.
I'm very disappointed the creator would sodl any of the shirts. It goes against hodling principles  |
If you liked this post -> 1KRYhandiYsjecZw7mtdLnoeuKUYoGRkH4
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