podyx
Legendary
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Activity: 2338
Merit: 1035
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February 12, 2014, 12:07:52 AM |
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Shit this is that classic thread that indicates a floor has been hit. i was really hoping for cheaper coins.
You said less than a week ago that Bitcoin was going to do nothing but trend at $800. (you were proven wrong within 3-4 hours). What he said has nothing about his previous predictions to do |
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TERA
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February 12, 2014, 12:08:53 AM |
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Shit this is that classic thread that indicates a floor has been hit. i was really hoping for cheaper coins.
You said less than a week ago that Bitcoin was going to do nothing but trend at $800. (you were proven wrong within 3-4 hours). Not all of my posts are to be taken seriously, including the one you are quoting. I was making jokes about 800 because we had bounced back to 800 5 times already and I was getting sick of it. |
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evolve
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February 12, 2014, 12:09:32 AM |
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Don't listen to the echo chamber; no one has ever gone broke by locking in profits.
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vokain
Legendary
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Activity: 1834
Merit: 1019
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February 12, 2014, 12:11:43 AM |
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Don't listen to the echo chamber; no one has ever gone broke by locking in profits.
probably greatest line of advice this year |
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Miz4r
Legendary
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Activity: 1246
Merit: 1000
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February 12, 2014, 12:16:40 AM |
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Don't listen to the echo chamber; no one has ever gone broke by locking in profits.
Who says the OP can actually lock in profits at these prices?  |
Bitcoin = Gold on steroids
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wachtwoord
Legendary
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Activity: 2338
Merit: 1136
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February 12, 2014, 12:37:47 AM |
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Don't listen to the echo chamber; no one has ever gone broke by locking in profits.
probably greatest line of advice this year Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had. |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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February 12, 2014, 12:45:30 AM |
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Shit this is that classic thread that indicates a floor has been hit. i was really hoping for cheaper coins.
True, but cmon, it's just one fella sold his coins. you need a larger measure of sentiment. 500 is still in striking distance just by correction. |
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vokain
Legendary
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Activity: 1834
Merit: 1019
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February 12, 2014, 12:47:32 AM |
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Don't listen to the echo chamber; no one has ever gone broke by locking in profits.
probably greatest line of advice this year Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had. well, the last position I closed I did by paying off the monopoly money margin and keeping the remainder  |
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evolve
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February 12, 2014, 12:50:58 AM |
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Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
I'll take USD over BTC any day of the week. In fact, the only use I have for BTC is as a speculative tool to grow my USD. |
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wachtwoord
Legendary
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Activity: 2338
Merit: 1136
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February 12, 2014, 12:52:17 AM |
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Don't listen to the echo chamber; no one has ever gone broke by locking in profits.
probably greatest line of advice this year Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had. well, the last position I closed I did by paying off the monopoly money margin and keeping the remainder Using margin for the least amount of time is generally the right thing to do. One needs very good reasons to deviate from this. |
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wachtwoord
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Activity: 2338
Merit: 1136
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February 12, 2014, 12:53:41 AM |
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Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
I'll take USD over BTC any day of the week. In fact, the only use I have for BTC is as a speculative tool to grow my USD. Funny, I only have fiat for (relatively) short term liquidity. It's like a leaky balloon being passed around a crowd and you want to hold it the least amount of time possible. |
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wachtwoord
Legendary
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Activity: 2338
Merit: 1136
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February 12, 2014, 12:58:55 AM |
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Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
I'll take USD over BTC any day of the week. In fact, the only use I have for BTC is as a speculative tool to grow my USD. +1 Last time I checked USD didn't lose 40% since December like bitcoin did. USD doesn't really have any value. It's only useful because most of the world hasn't figured this out yet. Pssst don't tell anyone  |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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February 12, 2014, 12:59:01 AM |
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Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
I'll take USD over BTC any day of the week. In fact, the only use I have for BTC is as a speculative tool to grow my USD. +1 Last time I checked USD didn't lose 40% since December like bitcoin did. USD didn't net you a return of 500% over a few months either The bears are clearly getting delusional |
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Miz4r
Legendary
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Activity: 1246
Merit: 1000
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February 12, 2014, 12:59:33 AM |
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Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
I'll take USD over BTC any day of the week. In fact, the only use I have for BTC is as a speculative tool to grow my USD. +1 Last time I checked USD didn't lose 40% since December like bitcoin did. -1 Perhaps you should check USD against bitcoin one year ago. I'm pretty sure USD lost a couple 1000% there... |
Bitcoin = Gold on steroids
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evolve
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February 12, 2014, 01:02:39 AM |
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Giant swings in purchasing power isn't a positive quality in a currency. In a stock, commodity, or other investment vehicle sure...but in a currency, it is a very BAD thing.
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MatTheCat
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February 12, 2014, 01:07:06 AM |
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Giant swings in purchasing power isn't a positive quality in a currency. In a stock, commodity, or other investment vehicle sure...but in a currency, it is a very BAD thing.
SAY WHAT!?  What a great big pile of complete and utter common sense! Are you sure you are on the right forum? |
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JimboToronto
Legendary
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Activity: 4186
Merit: 4868
You're never too old to think young.
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February 12, 2014, 01:11:48 AM |
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The bears are clearly getting delusional
Getting?  |
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vokain
Legendary
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Activity: 1834
Merit: 1019
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February 12, 2014, 01:14:49 AM |
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Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
I'll take USD over BTC any day of the week. In fact, the only use I have for BTC is as a speculative tool to grow my USD. +1 Last time I checked USD didn't lose 40% since December like bitcoin did. ya you're right, USD loses 3-12% in real value and some thousands % relative to bitcoin per annum :p I just use bitcoin as my savings account and disregard current price. if i need something i sell bitcoin into my checking account to buy it. no way will my spending ever outpace Bitcoin appreciation this way. As a Bitcoin investor, I hate selling and the process keeps my material wants in check |
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sir faps
Member
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Activity: 91
Merit: 10
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February 12, 2014, 01:18:05 AM |
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I just sold my bitcoin too. What a liberating feeling not being tied to the charts anymore!!
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wachtwoord
Legendary
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Activity: 2338
Merit: 1136
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February 12, 2014, 01:27:30 AM |
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Lock in profits in what currency? Yeah, you made few more monopoly bucks and meanwhile lost the only real money you had.
I'll take USD over BTC any day of the week. In fact, the only use I have for BTC is as a speculative tool to grow my USD. +1 Last time I checked USD didn't lose 40% since December like bitcoin did. ya you're right, USD loses 3-12% in real value and some thousands % relative to bitcoin per annum :p I just use bitcoin as my savings account and disregard current price. if i need something i sell bitcoin into my checking account to buy it. no way will my spending ever outpace Bitcoin appreciation this way. As a Bitcoin investor, I hate selling and the process keeps my material wants in check Indeed (don't miss the spike on the right of the first image):   Pictures speak a thousand words. |
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