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crazy-pilot
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January 14, 2015, 11:30:24 PM |
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Would have been nice to have sold your house now and exchange all to Bitcoin!
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Ultros
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January 14, 2015, 11:38:33 PM |
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 I think he's dead now guys, you may stop, save your stones. |
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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January 14, 2015, 11:46:25 PM |
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He had chance this summer to sell at the price he bought, I was advising to sell half, hopefully he did it.
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riiiiising
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January 14, 2015, 11:49:42 PM |
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Sorry for your loss.
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picolo
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January 15, 2015, 01:58:08 PM |
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Sorry for your loss.
He may have sold and if the price goes up he will profit so no worries. He is still richer than most of use. |
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RD965
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January 15, 2015, 02:06:08 PM |
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Sorry for your loss.
He may have sold and if the price goes up he will profit so no worries. He is still richer than most of use. He hasnt sold any |
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llanillo
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January 15, 2015, 02:28:07 PM |
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Sorry for your loss.
He may have sold and if the price goes up he will profit so no worries. He is still richer than most of use. He hasnt sold any Loool if he hasnt sold any bitcoins... hes in troubles  (he waiting for price rise) |
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RD965
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January 15, 2015, 02:46:54 PM |
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Sorry for your loss.
He may have sold and if the price goes up he will profit so no worries. He is still richer than most of use. He hasnt sold any Loool if he hasnt sold any bitcoins... hes in troubles (he waiting for price rise) If he is a terminal ill man probably, no other option |
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picolo
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January 15, 2015, 04:09:21 PM |
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He has 141 000 $ worth of bitcoins if he didn't sell any. He probably doesn't have much debts and he probably has other assets. Most users of this forum don't have as much net equity as he does.
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Mirsad
Full Member
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Activity: 140
Merit: 100
Bitcoin - love & hate
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January 15, 2015, 04:11:17 PM |
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He has 141 000 $ worth of bitcoins if he didn't sell any. He probably doesn't have much debts and he probably has other assets. Most users of this forum don't have as much net equity as he does.
He still fucked up. But thanks to him I could increase my wealth. I need stupid buyers and sellers to profit from. Take it from the dumb and never give it away lightly. |
< 100 BTC is not worth mentioning. Poor souls will always remain poor. Don't miss the failtrain.
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inca
Legendary
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Activity: 1176
Merit: 1000
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January 15, 2015, 04:13:30 PM |
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He has 141 000 $ worth of bitcoins if he didn't sell any. He probably doesn't have much debts and he probably has other assets. Most users of this forum don't have as much net equity as he does.
He still fucked up. But thanks to him I could increase my wealth. I need stupid buyers and sellers to profit from. Take it from the dumb and never give it away lightly. Based upon your fictional series of buy and sell trades you are a pauper yourself. More a Walter Mitty character i'd say. |
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thejaytiesto
Legendary
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Activity: 1358
Merit: 1014
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January 15, 2015, 04:19:26 PM |
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He has 141 000 $ worth of bitcoins if he didn't sell any. He probably doesn't have much debts and he probably has other assets. Most users of this forum don't have as much net equity as he does.
He still fucked up. But thanks to him I could increase my wealth. I need stupid buyers and sellers to profit from. Take it from the dumb and never give it away lightly. Based upon your fictional series of buy and sell trades you are a pauper yourself. More a Walter Mitty character i'd say. Gazelles thinking they are Sharks getting eaten by actual Sharks that eventually get eaten by Whales. |
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semaforo
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January 15, 2015, 11:36:40 PM |
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I repeat, this was not stupid for many reasons.
Fiat is not only risky, it has cap fundamentals and is almost certain to fail eventually.
Publicity is key to Bitcoin's success. It takes different people different amounts of time to understand it but the fundamentals are sound. Society has to catch up to bitcoin, not the other way around. Selling his house for BTC made headlines and really got people thinking. The shortsighted may be mocking him now, just as people might ridicule someone who paid 10,000 BTC for two pizzas, but there has to be pioneers who take risks to get the bitcoin economy established.
Indeed, if there is another rally or even a gradual rise to new ath, which still seems like a question of 'when' rather than 'if' to me, this thread will be resurrected with very different comments.
In that event, everyone who profits from bitcoin would do well to remember the risks taken and sacrifices made by the bitcoin pioneers which made the growth of the economy possible.
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Brewins
Legendary
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Activity: 1120
Merit: 1000
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January 15, 2015, 11:41:12 PM |
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what price this op buy a bitcoin ?
Prices near march were around $610/btc. |
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flipstyle
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January 16, 2015, 02:28:25 AM |
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This house was inherited from my father who passed away a few years ago Dear god. So your father works his ass off his whole life only to provide a better living for you, and you squander it all away at a 2/3rds loss in a matter of minutes? Wow. Can't even make this stuff up. There's 'smart, diversification investing' then there's this. Reminds me exactly of this: http://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/And this is why people need to be very careful when they word their wills and set aside allotment allocation of funds per year (barring any medical emergency) so that the inheritants dont make absolute asinine decisions like the OP. Wow. |
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FFrankie
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January 16, 2015, 03:50:21 AM |
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I would have done the same exact thing if I was in your shoes, I think it is awesome, and since you got the house for free, why not gamble.
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Cluster2k
Legendary
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Activity: 1692
Merit: 1018
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January 16, 2015, 04:04:36 AM |
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This house was inherited from my father who passed away a few years ago Dear god. So your father works his ass off his whole life only to provide a better living for you, and you squander it all away at a 2/3rds loss in a matter of minutes? Wow. Can't even make this stuff up. This x 100. A lifetime's work traded for something that could be as valuable as Beenz if the market turns sour. We have the stories of the 10,000 btc pizza when bitcoin price massively rises, so now horror stories on the downside. If the OP's gamble had paid off and bitcoin kept MtGoxxing its price to $10k or more the OP would be crowing about what a genius he was. Likewise, the downside needs to be mentioned as well. |
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semaforo
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January 16, 2015, 05:01:28 AM |
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Please, a little gratitude for the publicity he gave to the bitcoin community. It is his inheritance to do what he wishes with, and if he doesn't need the house, it is a better service to society than letting the banksters play with it at everyone's expense or buying gold and burying it.
The real estate market in North America is more inflated than bitcoin has ever been, and don't believe the measures taken by the central banks will stop the crash- they'really just delaying it. The problem here is extreme short sightedness, and this sale by OP was probably more beneficial to society than anything the many critics are doing.
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flipstyle
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January 16, 2015, 05:01:55 AM |
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I would have done the same exact thing if I was in your shoes, I think it is awesome, and since you got the house for free, why not gamble.
I would like to sell you something that has high potential, since you seem like my type of guy. PM me for details. |
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