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Author Topic: One of the worst investments of the year  (Read 3077 times)
wachtwoord
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September 17, 2014, 12:29:19 PM
 #21

comparing the charts to global asset market bitcoin is one of the worst investments one could have made this year.
all the hype and adoption can't save this scam.
get out or lose everything, we warned about this before.

yes keep telling me i'm a troll
funny detail this troll is right every time...

But intelligent people never make investments with a 9 month time horizon. With your comments you've proven not to be one.
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Brewins
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September 17, 2014, 12:36:22 PM
 #22

The ''buy and hold'' time is over for bitcoin.

Only way to make money in bitcoin now is to swing trade it.

Or make Bitcoin business, that is, produce usefull things, instead of just hold and don't contribute
vuduchyld
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September 17, 2014, 01:42:37 PM
 #23

comparing the charts to global asset market bitcoin is one of the worst investments one could have made this year.
all the hype and adoption can't save this scam.
get out or lose everything, we warned about this before.

yes keep telling me i'm a troll
funny detail this troll is right every time...

But intelligent people never make investments with a 9 month time horizon. With your comments you've proven not to be one.

Exactly this.  Choosing a 9.5 month horizon over which to evaluate an investment is just fine...as long as your investment time horizon is 9.5 months. 

Of course, what happens if you look at a trailing twelve month view?  How do you like bitcoin NOW?  Compared to gold, silver, S&P 500, anything you want.  What about a three year view?
Cluster2k
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September 17, 2014, 01:45:50 PM
 #24

The bitcoin ETF has already been priced in, as has increased retailer acceptance of bitcoin.  We know it's going to happen, just not exactly when.  Market participants read the same forums we do.

We need some good old markus and willy inspired manipulation of the market to make this rocket go boom again.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
riiiiising
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September 17, 2014, 03:42:31 PM
 #25

Bitcoin is one of the BEST investments of 2014, if you were smart and bought < $350 when the weak hands panicked. Unlike the stock market which has been crashing all year, don't let the trolls fool you.
freedomno1
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September 17, 2014, 05:05:52 PM
 #26

FACT:  There have been multiple points this year that, had you bought, you would be sitting very pretty right now.

Try harder falllling.

Yep just enjoy the money song
https://www.youtube.com/watch?v=K-69_ncALA0&list=LLX0KON3SKEkZE-5__xTYZoA&index=5

Good old markets and that weird ending part lol.
scarsbergholden
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September 17, 2014, 05:13:13 PM
 #27

It's funny.... bet long on the S&P this year and you are swimming in gains. Betting long on BTC this year has been nothing but heartbreak.

var53
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September 17, 2014, 05:40:57 PM
 #28

The bitcoin ETF has already been priced in, as has increased retailer acceptance of bitcoin.  We know it's going to happen, just not exactly when.  Market participants read the same forums we do.

We need some good old markus and willy inspired manipulation of the market to make this rocket go boom again.

Yes & No

The ETF has been priced in accordingly in my views also, what we don't know is what is Winklvii is going to do with the USD income from the initial sells of the ETF shares.

There will be 1M shares (200,000 BTC) - which equate 1 share to 0.2BTC in principle (excluding holding fees, trading costs, etc) - So assuming right now at $450 per BTC a shares value is $90USD.  Making the full 1M shares if they choose to sell that way worth $90 M USD (assuming someone buys all instantly)

Now what does the Winklvii do

1. Pocket $90 USD and hold onto their own personal BTC stash
2. Buy more BTC with for themselves and make profits off of holding/trades in ETF
3. Buy more BTC to add to the 1M shares at same rate of 0.2BTC/ETF share
4. Combo of all options

This is what is not priced into ETF

1. Pocket $90 USD and hold onto their own personal BTC stash
obocaman
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September 17, 2014, 06:54:03 PM
 #29

Just sold my house, car and pets to buy more BTC from weako ass hands. Thank you OP  Cool
vuduchyld
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September 17, 2014, 06:56:11 PM
 #30

It's funny.... bet long on the S&P this year and you are swimming in gains. Betting long on BTC this year has been nothing but heartbreak.

And if September 17th, 2014 is a date of great importance to you, this really matters.

Check in with me around January of 2034.
scarsbergholden
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September 17, 2014, 07:05:07 PM
 #31

It's funny.... bet long on the S&P this year and you are swimming in gains. Betting long on BTC this year has been nothing but heartbreak.

And if September 17th, 2014 is a date of great importance to you, this really matters.

Check in with me around January of 2034.

Okay, I'll do that. Maybe bitcoin will be one mirrrrion dollars by then. Or maybe zero. In the mean time, it's a volatile market, and timing entry is important. I'd prefer to see a reversal of the bear market before entering any (new) long term position, as averaging down in a bear market is simply bad risk management.

vuduchyld
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September 17, 2014, 08:28:29 PM
 #32

It's funny.... bet long on the S&P this year and you are swimming in gains. Betting long on BTC this year has been nothing but heartbreak.

And if September 17th, 2014 is a date of great importance to you, this really matters.

Check in with me around January of 2034.

Okay, I'll do that. Maybe bitcoin will be one mirrrrion dollars by then. Or maybe zero. In the mean time, it's a volatile market, and timing entry is important. I'd prefer to see a reversal of the bear market before entering any (new) long term position, as averaging down in a bear market is simply bad risk management.

I hope you time it well.
Nagan
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September 17, 2014, 11:33:32 PM
 #33

If you want to talk about investment, you are using the wrong word. That should be "years".

Bitcoin is physical.
El Dude
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September 17, 2014, 11:44:54 PM
 #34

if you talking about crypto related investment then "Litecoin" is one of them

WIY (Worst Investment of The Year) Award goes to
Litecoin Tongue

Litecoin was the best investment in the world in 2013 up 33 000 %

Bitcoin and Litecoin hodler
hodlmybtc
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September 18, 2014, 12:36:45 AM
 #35

Just sold my house, car and pets to buy more BTC from weako ass hands. Thank you OP  Cool

My hat is off for you sir.

Wish I had a house, car and pets to sell Tongue

riiiiising
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September 18, 2014, 12:44:42 AM
 #36

Just sold my house, car and pets to buy more BTC from weako ass hands. Thank you OP  Cool

My hat is off for you sir.

Wish I had a house, car and pets to sell Tongue

I cashed in my twins' college fund this morning to buy more.

They're only 6 but very wise and mature... I told them we could buy bitcoins that will be worth at least 1 million dollars by the time they're in high school, and they agreed I should buy more now while I still can!
scarsbergholden
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September 18, 2014, 12:50:36 AM
 #37

Just sold my house, car and pets to buy more BTC from weako ass hands. Thank you OP  Cool

My hat is off for you sir.

Wish I had a house, car and pets to sell Tongue

I cashed in my twins' college fund this morning to buy more.

They're only 6 but very wise and mature... I told them we could buy bitcoins that will be worth at least 1 million dollars by the time they're in high school, and they agreed I should buy more now while I still can!

I'm glad you're just a troll, because that is a very scary thought. I'll bet some people are actually doing this, too. Insanity, really. I'm a long term bull, but I hope people are managing their risk....

STT
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September 18, 2014, 01:18:32 AM
 #38

Okay, I'll do that. Maybe bitcoin will be one mirrrrion dollars by then. Or maybe zero. In the mean time, it's a volatile market, and timing entry is important.

Someone work this out in excel then, buy bitcoin every day this year and what would the worth be now.      Just pointing out to us that btc peaked and fell isnt useful as every asset does this and we cant say it wont go higher in future.
Thats where BTC is useful, I can buy it a hundred times.   A house I have to buy once usually, gold you got to buy at least an ounce but really theres no reason for people to go all in on btc and hope for the best.   The exchanges let people buy tiny amounts if they want, if you really dream of the long term story why not buy every day for a year.   Makes more sense to me as most people have most wealth in gradual earnings

Quote
Last time things started to get interesting on september.
Why arent we saying over the last year because in that case btc rose.   YTD is one way to frame it but it is just one of many and right now that comes close to the peak

freedomno1
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September 18, 2014, 05:00:45 AM
 #39

if you talking about crypto related investment then "Litecoin" is one of them

WIY (Worst Investment of The Year) Award goes to
Litecoin Tongue

Litecoin was the best investment in the world in 2013 up 33 000 %

Thanks for reminding me
At least I sold my Litecoin position that said it does make me curious what percentage relative gain it has now with the altcoin army in full swing as well, but I guess it has a decent value proposition now like Bitcoin.
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