Quote:
Originally Posted by DWB
Once traded some collectable Star Wars figures for a Motorcycle. Does that make Star Wars figures a legitimate currency? If so, I'm fuckin' rich!!!
I have a feeling that for most of you here hyping bitcoins this is your first time investing or playing with a market of any kind. Your comments, excitement, and general lack of understanding how markets work gives it away.
But kudos for getting in on it early. Hopefully you'll all make shit tones of money and become bitcoin millionaires. That would be pretty bad ass. Weird things like that happen from time to time.
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Then, when it gets to a certain price, resistance gives way and they all buy in, and mortgage their houses, and sell their TVs, and buy buy buy, and they talk down to waiters, and quit their jobs, and ... within a few months before they are thinking they will sell and come live near you in a big house in Thailand - the bottom falls out. Sad faces, suicides, divorce, repossession, article after article about "what went wrong" and "why we should have known". It isn't bitcoins, friend, it is every bubble ever. If you really want to be rich, stop buying bitcoins and start profiting off the suckers who do. When you see them really buying, when you see an article in Time Magazine called "Bitcoins: Are they the Future?" then sell immediately, even if you miss the top.