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Author Topic: Don't think of it as selling  (Read 2805 times)
inca
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December 19, 2014, 08:45:42 PM
 #21

My motivation for creating this, if I had one, was to convince myself to let go of the HODL mindset.

Quote
Investing in dollar? wow, very good idea. (sarcasm)
And it has a high potential for growth.

Trust me. $1 will never be equal to even $1.1  Grin
But
1BTC has a great chance to be at around $600.
The key is to store your wealth where it will gain/retain the most purchasing power.  Over the past year or so, the USD has beaten bitcoin at holding purchasing power.  In previous years, it's been bitcoin by a long shot.  In the future, who knows?

Who knows. But perhaps selling after a 12 month bear market in a sea of good news is a bit silly.
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December 19, 2014, 09:01:34 PM
 #22

I've been kind of out of the loop, and I could use some good news.  Would you mind sharing?  Main thing that comes to mind for me is the release of OpenBazaar.

Save the last bitcoin for me!
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December 20, 2014, 04:45:45 AM
 #23

Fiat == Dumb
I have never heard anyone
ever say, "Fiat, to the moon!".

That's coz fiat holders aren't degenerate gamblers trying to get rich off internet magic beans.

More because they are degenerate sheeples using non-scarce unit of accounts.

Calling other sheep "sheeples" and going against the herd doesn't make you any less of a sheep.  Just a retarded sheep with far shorter life expectancy.
Enjoy wallowing in your daddy issues, you financial rebel you.

That's right, I'm the sheep that goes against the herd going down the cliff.  Wink

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December 22, 2014, 08:15:44 AM
 #24

I've been kind of out of the loop, and I could use some good news.  Would you mind sharing?  Main thing that comes to mind for me is the release of OpenBazaar.

Another good news, imho, was that Microsoft is now accepting bitcoin payments.  I don't use microsoft myself, but I know that many people do.  The more places high profile places where bitcoin is accepted, the better.
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December 23, 2014, 04:05:00 AM
 #25

That's another way of putting it. Why not invest some Bitcoin for real cause for once.

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December 23, 2014, 07:37:22 AM
 #26

That's another way of putting it. Why not invest some Bitcoin for real cause for once.

Huh?  Was that in reply to what I said about microsoft?  I don't understand what you're talking about.
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December 24, 2014, 07:26:17 AM
 #27

The Hold mindset is not necessarily bad.
You need all kinds of people - savers, profligate people, holders, speculators, etc. to have a thriving bitcoin economy.
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December 25, 2014, 12:27:17 PM
 #28

My motivation for creating this, if I had one, was to convince myself to let go of the HODL mindset.

Quote
Investing in dollar? wow, very good idea. (sarcasm)
And it has a high potential for growth.

Trust me. $1 will never be equal to even $1.1  Grin
But
1BTC has a great chance to be at around $600.
The key is to store your wealth where it will gain/retain the most purchasing power.  Over the past year or so, the USD has beaten bitcoin at holding purchasing power.  In previous years, it's been bitcoin by a long shot.  In the future, who knows?
in previous years the dollar has held steady while bitcoin has increased in value as people have realized what it is capable of achieving. The question of where the price will go in the future is unknown

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December 26, 2014, 02:46:42 PM
 #29

Another reminder I always told myself or anyone that I talk to in order to promote bitcoin is that, investing in crypto is a long-term investment. The fundamentals are there, the concept and technology are there, what it needs is time for it to stabilize and adoption to pick up.

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December 26, 2014, 05:49:28 PM
 #30

Another reminder I always told myself or anyone that I talk to in order to promote bitcoin is that, investing in crypto is a long-term investment. The fundamentals are there, the concept and technology are there, what it needs is time for it to stabilize and adoption to pick up.

I would still call bitcoin a very speculative 'investment'. I always couch this whenever I talk to someone new to it.




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December 26, 2014, 07:31:53 PM
 #31

Think of it as investing in another currency.

Just remember, never invest more than you can afford to lose, and quit while you're ahead.

This is advice Huh

Fiat == Dumb
I have never heard anyone
ever say, "Fiat, to the moon!".

LOL Grin
and will called FiatCoin Grin

Think of it as investing in another currency.

Just remember, never invest more than you can afford to lose, and quit while you're ahead.

Investing in dollar? wow, very good idea. (sarcasm)
And it has a high potential for growth.

Trust me. $1 will never be equal to even $1.1  Grin
But
1BTC has a great chance to be at around $600.



That's RIGHT! that's bitcoin! worth than fiat Grin
botany
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December 27, 2014, 11:35:05 AM
 #32

Another reminder I always told myself or anyone that I talk to in order to promote bitcoin is that, investing in crypto is a long-term investment. The fundamentals are there, the concept and technology are there, what it needs is time for it to stabilize and adoption to pick up.

I would still call bitcoin a very speculative 'investment'. I always couch this whenever I talk to someone new to it.

Take the money you had allocated for spending in Vegas/lottery tickets and use that to invest in bitcoins.
Be prepared to lose it all.  Grin
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December 27, 2014, 09:08:21 PM
 #33

Another reminder I always told myself or anyone that I talk to in order to promote bitcoin is that, investing in crypto is a long-term investment. The fundamentals are there, the concept and technology are there, what it needs is time for it to stabilize and adoption to pick up.

I would still call bitcoin a very speculative 'investment'. I always couch this whenever I talk to someone new to it.
+1 on this. It is far from certain that bitcoin (or any crypto currency) will survive over the long term. IMO if bitcoin does end up surviving another 5ish years then it's value will probably be much higher then it is now

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December 28, 2014, 02:45:32 AM
 #34

Think of it as asset reallocation.
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December 28, 2014, 05:09:36 AM
 #35

You can't possibly think objectively about Bitcoin while you have a few in your pocket. Put down the kool-aid and step away from the keyboard
You can't possibly post seriously in the speculation forum while you don't have a speculative financial position. Put your money where your mouth is and step away from the keyboard.

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December 28, 2014, 08:46:49 PM
 #36

Another reminder I always told myself or anyone that I talk to in order to promote bitcoin is that, investing in crypto is a long-term investment. The fundamentals are there, the concept and technology are there, what it needs is time for it to stabilize and adoption to pick up.

I would still call bitcoin a very speculative 'investment'. I always couch this whenever I talk to someone new to it.

Take the money you had allocated for spending in Vegas/lottery tickets and use that to invest in bitcoins.
Be prepared to lose it all.  Grin
Gambling in a casino has an entertainment value and a certain experience that people are willing to pay for. You get a certain level of fun and excitement. Additionally when you gamble, if the game is fair and you gamble "correctly" you should only lose so much on average each hand so if your bankroll is large enough the chances of you loosing everything is actually small.

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