Chef Ramsay
Legendary
 Offline
Activity: 1568
Merit: 1001
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February 02, 2015, 08:58:31 PM |
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Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
In other words you are completely underwater. While it's not the optimum situation to be in it isn't highly unusual nor the end of hope for someone. There's many hundreds of thousands or millions of people underwater on their home investment and that is something that typically has to be paid off if they want to stay on the right path. This scenario is merely one where the underwater investment was already paid for back in time in full but just a little behind in valuation at the moment. Considering the untold many that have bought into this ballgame over the last year, it sounds like this particular case is pretty undeserving of using the 'completely underwater' terminology and is a rather mild one at worst. |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Warren Buffert
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February 02, 2015, 10:40:44 PM |
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Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
In other words you are completely underwater. While it's not the optimum situation to be in it isn't highly unusual nor the end of hope for someone. There's many hundreds of thousands or millions of people underwater on their home investment and that is something that typically has to be paid off if they want to stay on the right path. This scenario is merely one where the underwater investment was already paid for back in time in full but just a little behind in valuation at the moment. Considering the untold many that have bought into this ballgame over the last year, it sounds like this particular case is pretty undeserving of using the 'completely underwater' terminology and is a rather mild one at worst. Except that a house and land has value because people need homes and land to put them on. Bitcoin has no value, it's all purely gambling and speculating. |
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juve4v
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February 02, 2015, 10:46:37 PM |
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Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
In other words you are completely underwater. While it's not the optimum situation to be in it isn't highly unusual nor the end of hope for someone. There's many hundreds of thousands or millions of people underwater on their home investment and that is something that typically has to be paid off if they want to stay on the right path. This scenario is merely one where the underwater investment was already paid for back in time in full but just a little behind in valuation at the moment. Considering the untold many that have bought into this ballgame over the last year, it sounds like this particular case is pretty undeserving of using the 'completely underwater' terminology and is a rather mild one at worst. Except that a house and land has value because people need homes and land to put them on. Bitcoin has no value, it's all purely gambling and speculating. speculating=gambling=need=value q.e.d. |
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zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
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February 02, 2015, 11:14:03 PM |
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Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
In other words you are completely underwater. While it's not the optimum situation to be in it isn't highly unusual nor the end of hope for someone. There's many hundreds of thousands or millions of people underwater on their home investment and that is something that typically has to be paid off if they want to stay on the right path. This scenario is merely one where the underwater investment was already paid for back in time in full but just a little behind in valuation at the moment. Considering the untold many that have bought into this ballgame over the last year, it sounds like this particular case is pretty undeserving of using the 'completely underwater' terminology and is a rather mild one at worst. Except that a house and land has value because people need homes and land to put them on. Bitcoin has no value, it's all purely gambling and speculating. Let's say you have $300 laying around. You could either buy a ps4 with it, or 1.5 Bitcoin. If the 1.5 Bitcoin loses all value in a year, well too bad, now you don't have money and don't have a ps4. It sucks, but it's not the end of the world. On the other hand, if the value increases to say $750 or so, you could sell half a Bitcoin, buy a PS4 and still have a Bitcoin left for pure profit. Now when the ps5 comes you have some Bitcoin left to buy it. Financial markets have ups and downs, as long as you are patient during the lows, another high will eventually come. If you have the balls to just hold on to your assets, you'll never need to make a loss. |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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February 02, 2015, 11:26:04 PM |
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Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
In other words you are completely underwater. That is not what that term means. Underwater implies that equity is zero and debt exceeds value of an asset. There is no debt and price is not zero. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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February 02, 2015, 11:43:28 PM |
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What kind of equity does Bitcoin provide?
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NotLambchop
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February 02, 2015, 11:52:32 PM |
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...
Let's say you have $300 laying around.
You could either buy a ps4 with it, or 1.5 Bitcoin.
If the 1.5 Bitcoin loses all value in a year, well too bad, now you don't have money and don't have a ps4. It sucks, but it's not the end of the world.
On the other hand, if the value increases to say $750 or so, you could sell half a Bitcoin, buy a PS4 and still have a Bitcoin left for pure profit. Now when the ps5 comes you have some Bitcoin left to buy it... If "lottery ticket" can be substituted for "Bitcoin," without substantially altering the gist of your argument, your argument sucks. |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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February 02, 2015, 11:57:54 PM |
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What kind of equity does Bitcoin provide?
Access rights to the premier blockchain distributed database technology and the global network of computers communicating transactions with the bitcoin protocol. Also equity shareholding of the limited issuance crypto-token that is native to the bitcoin network. Surprised you didn't know all this actually. |
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epilido
Jr. Member
Offline
Activity: 34
Merit: 1
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February 02, 2015, 11:58:51 PM |
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What kind of equity does Bitcoin provide?
The current value if instantly traded into your local currency. Minus the risk of getting the value out of the exchange.
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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February 03, 2015, 12:02:08 AM |
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What kind of equity does Bitcoin provide?
Access rights to the premier blockchain distributed database technology and the global network of computers communicating transactions with the bitcoin protocol. Also equity shareholding of the limited issuance crypto-token that is native to the bitcoin network. Surprised you didn't know all this actually. Keep telling yourself to be "Investors", and I'll stay a speculator and a spectator. (The person just standing, pointing and laughing) |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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February 03, 2015, 12:18:00 AM |
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What kind of equity does Bitcoin provide?
Access rights to the premier blockchain distributed database technology and the global network of computers communicating transactions with the bitcoin protocol. Also equity shareholding of the limited issuance crypto-token that is native to the bitcoin network. Surprised you didn't know all this actually. Keep telling yourself to be "Investors", and I'll stay a speculator and a spectator. (The person just standing, pointing and laughing) And we're laughing at with you. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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marcus_of_augustus
Legendary
Offline
Activity: 3920
Merit: 2348
Eadem mutata resurgo
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February 03, 2015, 12:27:31 AM |
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What kind of equity does Bitcoin provide?
Access rights to the premier blockchain distributed database technology and the global network of computers communicating transactions with the bitcoin protocol. Also equity shareholding of the limited issuance crypto-token that is native to the bitcoin network. Surprised you didn't know all this actually. Keep telling yourself to be "Investors", and I'll stay a speculator and a spectator. (The person just standing, pointing and laughing) sounds boring ... what happened to your avatar? it was perhaps your only redeeming quality as a terminally toxic poster. |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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February 03, 2015, 12:33:32 AM |
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Ask thermos, I changed it for a flashing bill cosby image coincidentally prior to the latest forum defacement. When the forum came back it was gone.
I might get paranoid about it or perhaps thermos did.
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Hyena
Legendary
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Activity: 2114
Merit: 1011
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July 07, 2015, 11:16:23 PM |
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I just wanted to say that I believe that now is the time when a beautiful and very bullish Bitcoin storm is forming.  |
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BitChick (OP)
Legendary
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Activity: 1148
Merit: 1001
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July 08, 2015, 04:29:37 AM |
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I just wanted to say that I believe that now is the time when a beautiful and very bullish Bitcoin storm is forming. Better late then never! I am almost numb at this point. If it happens, great. If it doesn't happen, it was fun while it lasted. But I am a bit curious why it is taking so darn long to warm up. With all the grexit talk, China's stock market issues and so on, what does it take to get the ball rolling!? |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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NorrisK
Legendary
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Activity: 1946
Merit: 1007
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July 08, 2015, 10:07:23 AM |
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I just wanted to say that I believe that now is the time when a beautiful and very bullish Bitcoin storm is forming. Better late then never! I am almost numb at this point. If it happens, great. If it doesn't happen, it was fun while it lasted. But I am a bit curious why it is taking so darn long to warm up. With all the grexit talk, China's stock market issues and so on, what does it take to get the ball rolling!? People are still afraid to buy.. If the trend is not over, they will get dumped on hard.. On the other hand, people might lose willingness to dump at these prices and we are in for a ride! |
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stallion
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July 08, 2015, 10:15:31 AM |
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The unbashing storm of bitcoin is approaching , eh ? I hope it leaves people startled as the bitcoin bubble needs to be more than effective to gain a good space in market. The investors who are willing to risk it all , might get huge benefits. But a plan B should always be ready.
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Wexlike
Legendary
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Activity: 1473
Merit: 1086
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July 08, 2015, 10:55:46 AM |
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Frost
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July 08, 2015, 11:22:01 AM |
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I think August will be an interesting month, I do agree that there is a storm forming.
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Hyena
Legendary
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Activity: 2114
Merit: 1011
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July 08, 2015, 12:02:57 PM |
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I just wanted to say that I believe that now is the time when a beautiful and very bullish Bitcoin storm is forming. Better late then never! I am almost numb at this point. If it happens, great. If it doesn't happen, it was fun while it lasted. But I am a bit curious why it is taking so darn long to warm up. With all the grexit talk, China's stock market issues and so on, what does it take to get the ball rolling!? It's foreplay. I thought you girls liked that. Same thing happened in 2013. After 8 green weeks (according to the weekly chart) the parabolic rise should start becoming visible. We are currently 5 weeks in green. Give it some time, about 3 weeks.  |
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