cbeast
Donator
Legendary
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Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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October 03, 2014, 11:56:11 PM |
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no man, according to these forums "you only lose when you sell"  Which is true. Then the reverse is true, you're not a millionaire if you're sitting on 1000's of BTC until you sell them. It's more of a corallary of the old adage "you make your money when you buy." |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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IamCANADIAN013
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October 04, 2014, 12:00:57 AM |
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I feel bad for him.
You really shouldn't From my understanding, he inherited the home or the money he used to buy the home. So even if Bitcoin drops to 0, he isn't going to lose everything. It sure is a risky move putting all his eggs in one basket, but we all our going to have to see how it plays out. The OP posted in here a while back that he was out and enjoying life. Good for them. Not sure if I could sit and watch that much of an investment rise and fall, I'd probably go crazy. Then again, thats one reason I don't invest in the stock market. |
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jasonjm
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October 04, 2014, 12:05:59 AM |
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some rich people just dont care
I had a friend who I told to buy bitcoin when it was $70, he bought 200 BTC for fun
when it was $1000+ I called him and said bitcoin is at 1000, he said oh
I spoke to him today said bitcoin is at $360, he said oh
dunno if op was wealthy but some people just dont care to the point of even following their "investment"
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MoreFun
Legendary
Offline
Activity: 1008
Merit: 1003
WePower.red
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October 04, 2014, 12:09:23 AM |
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some rich people just dont care
I had a friend who I told to buy bitcoin when it was $70, he bought 200 BTC for fun
when it was $1000+ I called him and said bitcoin is at 1000, he said oh
I spoke to him today said bitcoin is at $360, he said oh
dunno if op was wealthy but some people just dont care to the point of even following their "investment"
They only question is at what price he will next time say "oh"... at $70 or $10k.  |
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jasonjm
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October 04, 2014, 12:11:20 AM |
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some rich people just dont care
I had a friend who I told to buy bitcoin when it was $70, he bought 200 BTC for fun
when it was $1000+ I called him and said bitcoin is at 1000, he said oh
I spoke to him today said bitcoin is at $360, he said oh
dunno if op was wealthy but some people just dont care to the point of even following their "investment"
They only question is at what price he will next time say "oh"... at $70 or $10k. i hope its 10k i will tell him the only safe place for his bitcoin is my wallet |
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yefi
Legendary
Offline
Activity: 2842
Merit: 1511
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October 04, 2014, 04:18:51 AM
Last edit: October 04, 2014, 12:58:08 PM by yefi |
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some rich people just dont care
I had a friend who I told to buy bitcoin when it was $70, he bought 200 BTC for fun
when it was $1000+ I called him and said bitcoin is at 1000, he said oh
I spoke to him today said bitcoin is at $360, he said oh
dunno if op was wealthy but some people just dont care to the point of even following their "investment"
I like the imperturbability of this guy. you: The super-volcano under Yellowstone just erupted! Flaming pumice is hurtling from the fiery sky! him: oh. you: Satoshi just got doxxed, he's actually a gay pornstar. him: oh. you: I was once a women... him: oh. |
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redhawk979
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October 04, 2014, 09:34:44 PM |
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And this thread still gets funnier every day.
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ravenjt
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October 04, 2014, 09:39:44 PM |
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He sold out in july for 600+. He has 10 other larger houses any way.
Dont feel bad.
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pristontale
Newbie
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Activity: 22
Merit: 0
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October 05, 2014, 12:57:52 AM |
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OP should read The Intelligent Investor by Ben Graham and get a clue.
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LordSonjai
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October 05, 2014, 01:12:59 AM |
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I just sold my 100 tonight,I feel stupid because I should have sold them when they were at 498 before the landslide.
Assuming they will go back down below 100 I am buying in again. Anyway,this guy is a gump. He basically gambled his house away.
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me_12
Newbie
Offline
Activity: 21
Merit: 0
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October 05, 2014, 01:27:58 AM |
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Should've waited till maybe even now or a few more days to get more BTC.
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STT
Legendary
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Activity: 4088
Merit: 1452
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October 05, 2014, 02:16:48 AM |
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Graham's book would just tell him to buy working assets which return value. BTC is none of that, this was pure speculation for him as its not a float for a business or anything and he is not using the BTC.
Obviously a house can be more useful then that but if it was not useful to him then in theory he is no worse off except there was always more productive alternatives.
People should compare his losses here vs a holding of gold which is the obvious choice otherwise. Both went down, Dollar is up and USA policy is perceived as great right now. Come back when its a mess again and see how those two compare, the fat lady aint singing yet
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picolo
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October 06, 2014, 08:08:27 PM |
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Lmao this thread is now comedy gold. So this dude has effectively lost 1/2 the value of his sale?
I would think his paper losses are greater than 50% but he will deserve even more the reward when he will sell for a profit |
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marthelo
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October 14, 2014, 12:31:37 AM |
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i hope to god this guy didnt sell......HERE IT COMES
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fewcoins
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October 14, 2014, 01:06:37 PM |
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Today is the best day to take profits... I wonder how long he will hold... I wonder if he'll get nervous through a correction!  |
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EFS
Staff
Legendary
 Online
Activity: 3906
Merit: 2194
Crypto Swap Exchange
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October 14, 2014, 03:03:36 PM |
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Price is already low. Why would he sell his coins anyway?
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LordSonjai
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October 15, 2014, 02:50:03 AM |
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not sure where you guys get this hold idea from,the game isn't hold its buy low sell high. It would be more wise to sell before it crashes make your money back and buy low and than hold,not hold it entirely until you think it has finally hit its highest point. I could tell none of you even have traded bitcoin because if you did you would have better advice to offer this bafoon than to hold the coin when it could potentially hit 100 and stay there. He doesn't have time to just hold its a waste of money.
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MrBig
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October 15, 2014, 03:36:22 AM |
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not sure where you guys get this hold idea from,the game isn't hold its buy low sell high. It would be more wise to sell before it crashes make your money back and buy low and than hold,not hold it entirely until you think it has finally hit its highest point. I could tell none of you even have traded bitcoin because if you did you would have better advice to offer this bafoon than to hold the coin when it could potentially hit 100 and stay there. He doesn't have time to just hold its a waste of money.
I can tell that you don't frequent the speculation section much since you haven't noticed the cult of hodlers who try and proselytize on every thread. Some of them may be delusional, but they sure are a persistent bunch. |
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Iamyourdad
Member
Offline
Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
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October 15, 2014, 03:38:33 AM |
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You will surely be added in the biography of bitcoins  |
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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October 15, 2014, 03:47:31 AM |
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not sure where you guys get this hold idea from,the game isn't hold its buy low sell high. It would be more wise to sell before it crashes make your money back and buy low and than hold,not hold it entirely until you think it has finally hit its highest point. I could tell none of you even have traded bitcoin because if you did you would have better advice to offer this bafoon than to hold the coin when it could potentially hit 100 and stay there. He doesn't have time to just hold its a waste of money.
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