pikabit
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Activity: 70
Merit: 10
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September 06, 2014, 12:26:25 PM |
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If it was that easy, everyone would be rich already.  |
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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counter
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September 06, 2014, 07:49:21 PM |
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Reading a story from a few years ago where someone invested all their life savings into Bitcoin and started to live off Bitcoin. that guy was a lucky guy as now the price as more than tripled to when he invested in it. Anyone else brave enough to do this?
https://bitcointalk.org/index.php?topic=759976.0This guy just panic bought so this should be interesting to follow if he hodl the coins long term and doesn't get weak hand syndrome. |
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wasserman99
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September 06, 2014, 10:40:00 PM |
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Buy low, sell high. You will always win.
This is much easier said then done. There is always the possibility that a price is high but would continue to rise, or that the price is low but will continue to fall. If it was possible to know when the price is low or high then the price would never become low or high because people would trade ahead of these price levels which would make the price essentially stay almost exactly the same. It is easier to sell low and buy high It is probably actually more common for this to happen. People are influenced by both fear and greed, and this will cause people to do things like this |
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mllenios
Full Member
Offline
Activity: 154
Merit: 100
PAMINTA 101
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September 09, 2014, 04:26:03 AM |
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Buy when bitcoin price is low and then just hold into it. But not your life savings.
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GenieBTC
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September 09, 2014, 02:20:33 PM |
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You mess up with your life savings your done. If you are into this kind of "hobby" you need to think straight.
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Beliathon
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September 09, 2014, 02:29:19 PM |
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Buy when bitcoin price is low and then just hold into it. September 9th, 2014. Bitcoin at ~$470 Dump your life savings in now, plus any and all fiat loans you can get.
Never look back. Don't even bother paying back the loans. Your credit score doesn't matter anymore. You're free. You're welcome.**You may consider this legally binding financial advice from a Serious Business Professional, MBA, PHD, Esquire. |
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picolo
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September 09, 2014, 05:42:10 PM |
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You mess up with your life savings your done. If you are into this kind of "hobby" you need to think straight.
Saving in paper money is not saving, it is being a believer in a fail system Buy when bitcoin price is low and then just hold into it. September 9th, 2014. Bitcoin at ~$470 Dump your life savings in now, plus any and all fiat loans you can get.
Never look back. Don't even bother paying back the loans. Your credit score doesn't matter anymore. You're free. You're welcome.**You may consider this legally binding financial advice from a Serious Business Professional, MBA, PHD, Esquire. YEAH |
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dKingston
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September 09, 2014, 07:31:08 PM |
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That's a guy very brave!!!  I wouldn't be so brave to invest my life savings into Bitcoin. If they are little life savings, I guess it makes sense, because otherwise I think this is for crazy peolpe. As with any investments its a risk, but this is a risk too big. |
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Meuh6879
Legendary
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Activity: 1512
Merit: 1011
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September 09, 2014, 08:38:57 PM |
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i have 90% in bitcoin now... and 10% at bank (sorry, daily bills ...)
i'm not stupid to let freeze my life economies by a law of december 2013 that tit allow bankster to take my money...
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Sylon
Legendary
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Activity: 1568
Merit: 1169
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September 09, 2014, 09:02:41 PM |
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i have 90% in bitcoin now... and 10% at bank (sorry, daily bills ...)
i'm not stupid to let freeze my life economies by a law of december 2013 that tit allow bankster to take my money...
Great choice  |
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X7
Legendary
Offline
Activity: 1162
Merit: 1009
Let he who is without sin cast the first stone
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September 11, 2014, 09:21:32 PM |
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80% BTC / 10% ALT COINS / 10% Fiat
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For what shall it profit a man, if he shall gain the world, and lose his own soul?
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Meuh6879
Legendary
Offline
Activity: 1512
Merit: 1011
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September 11, 2014, 10:00:33 PM |
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price decrease ... but when, in 2016, the 25BTC pass to 12,5BTC ... well, well |
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beaknuke
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September 11, 2014, 10:18:24 PM |
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what was it called? iPay? bitcoin may get a rocky time now so perhaps not invest ur life savings
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minerpumpkin
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September 11, 2014, 10:25:01 PM |
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i have 90% in bitcoin now... and 10% at bank (sorry, daily bills ...)
i'm not stupid to let freeze my life economies by a law of december 2013 that tit allow bankster to take my money...
It may be wise to hedge some more and keep more in FIAT, ready on an exchange, to buy more if there should be a nother big drop! But make up you own mind! And please don't put in loaned money. 90% is already a very strong exposure! |
I should have gotten into Bitcoin back in 1992...
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dankkk
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September 11, 2014, 11:42:52 PM |
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You mess up with your life savings your done. If you are into this kind of "hobby" you need to think straight.
Saving in paper money is not saving, it is being a believer in a fail system Most people do not "invest" in fiat, but rather invest in things that are denominated in fiat. For example large cap stocks generally beat inflation by 5-6 percentage points per year so the purchasing power will grow over time. |
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minerpumpkin
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September 11, 2014, 11:44:23 PM |
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You mess up with your life savings your done. If you are into this kind of "hobby" you need to think straight.
Saving in paper money is not saving, it is being a believer in a fail system Most people do not "invest" in fiat, but rather invest in things that are denominated in fiat. For example large cap stocks generally beat inflation by 5-6 percentage points per year so the purchasing power will grow over time. But one effectively is invested in the FIAT the stock or whatever is denominated in. And one is invested in FIAT if you're just holding FIAT. Even though the price swings are marginal (at least compared to Bitcoin), they do exist! |
I should have gotten into Bitcoin back in 1992...
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Impros88
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September 12, 2014, 06:33:01 AM |
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Reading a story from a few years ago where someone invested all their life savings into Bitcoin and started to live off Bitcoin. that guy was a lucky guy as now the price as more than tripled to when he invested in it. Anyone else brave enough to do this?
i did. I invested 80% of my savings. Problem is that I did in wrong moment. Right now I am more or less 40% loss. I am 26 and Italian. Already posted here my story. I have even a daughter to feed. If you want to help her, contact me. Even few euros are well accepted. Thanks. |
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Brewins
Legendary
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Activity: 1120
Merit: 1000
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September 12, 2014, 06:53:12 AM |
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price decrease ... but when, in 2016, the 25BTC pass to 12,5BTC ... well, well The halvings made no good to Doge. I wouldn't put any certainty about what will happens after the next halving |
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Dabs
Legendary
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Activity: 3416
Merit: 1912
The Concierge of Crypto
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September 12, 2014, 07:02:54 AM |
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But Doge is not Bitcoin. They have a different story, different market, different rate of decrease. Bitcoin is more or less fixed until the next 100 years.
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cbeast
Donator
Legendary
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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September 12, 2014, 07:13:55 AM |
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"The Bitcoin Halving" written and directed by M. Night Shyamalan. A story about bankers mysteriously jumping off bank buildings. A ragtag group of nerds discover that Bitcoin was designed as a fatal virus by an alien called something unpronounceable but sounds like Satoshi Nakamoto. The virus only infects people greedy for fiat currency. The cure is discovered to be hodling.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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