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I have far less years ahead of me than I do behind me. So I have some wordly experience so to speak. Therefore the one thing that I know is that when it comes to things like finance, banks and governments we are treated like mushrooms. (IE: We are kept in the dark and fed bullshit. ) Now the underlying concept of bitcoin is a currency created by entities that exist outside any government or recognized corporate entity. To this effect something such a 1 single wikileak that divulges a dirty secret about some government using bitcoin can cause the entire thing to collapse with little or no warning. ( Personally I have no doubt that the CIA uses bitcoin in the same way they use drugs to fund their operations. They are human garbage so why would they not exploit bitcoin?) So I ask you, who wants to wake up one morning and find out they lost their savings? Now if you asking if I would invest in bitcoin? I suppose it would be a question of "how much" of a risk am I willing to take. I could see my way clear to 5k to 10k but there is no way in hell would I risk a sum of 100k or more. But with that said, 5k to 10k is not enough money that I could justify occupying my day following it. At my age a fishing trip with my grand daughter interests me more and if I really needed to earn an extra 5k, I could just roll up my sleeves and get on the phone and do some work for a change. |
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Looks like you get a traffic spike everytime you create a thread..lol
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One ounce of gold can be traded for same quantity and quality of consumer goods today that it was traded for 500 years ago. What changes is the purchasing power of the dollar/currency. This the reason why in economically unstable times people buy metals and governments try everything possible to prevent it. |
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However I am 99,9999999% sure once once of gold bought you different amount of goods 500 years ago and today. Be it potatoes or lumber or whatever. |
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He can repost when it gets to 25 bucks |
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BTC is DOWN month over month, and DOWN quarter over quarter. Any real investor considers that; also look at the bollinger bands, which have it at the bottom of its moving average - or is that common and widely respected investment evaluation metric "retarded" too? Truth is, 47 people own a quarter of all bitcoins, and 927 people own half. You, who are not one of those people, are along for the ride. Dude, if you made a few thousand, great. You don't need to be an evangelist for something you don't understand just cause you got lucky. If are fleecing the idiots, which I very much doubt, I give you respect, but I don't chose to live like you. I'll continue to say the truth, and you continue to peddle your hopeful bullshit and personal attacks, and life goes on. |
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Don't you just get tired of it? |
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Personally I'd never make an investment decision based on such short term data. Quote:
Since you're clearly more knowledgeable than us in this field, would you be so kind as to explain to us why Bitcoin and crypto currency is down month on month and down quarter over quarter? And more importantly why do you feel that long term i.e. Year On Year that it's a bad investment going forward? Quote:
I've made mistakes too, I regret not getting into mining this time last year. That was a mistake, wish I had of bought Dogecoin back in December. I remember reading edgeprod's or Brian837s posts? about them when he was buying up all he could and thinking "I'm not sure about this one" I remember a post I made mocking Franck for his buy and hold Bitcoin strategy when he could been trading the swings, well hand up! I lost money in Mt Gox :) Stupidity on my part for being greedy, bloody shame too because I was up around 600% from trading the volatility in February. Quote:
Truth is anyone who has half a clue what they're doing isn't going to lose money in this |
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So what i would like to see,it something what could be called eurocoin or dollarcoin,which will work same way as bitcoin but with pegged value to named currency. |
Who fucking cares if the value today is up or down?
The point is that Bitcoin is an incredible technology that if it is utilized to it's full advantage has some huge benefits over current options. Bitcoin may fail, evolve or prosper long term but no-one can say that it doesn't have a future, even today. Whether you like the idea or not Bitcoin is still worth $400 each which isn't exactly chump change. Also, who cares is like 100 people own all the Bitcoin? I seem to remember a thread here that went something like 47 people own 90% of the worlds wealth. I see it as a progressive technology which, at some point in the next few years could pave the way for better payment systems and more control over all our finances whether this is controlled by the government or not. |
Am I too late for the circle jerk?
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I actually don't do what Frank and edgeprod say above, i.e. celebrate when this particular instrument is down. I believe a real extra-governmental digital currency is very necessary. For instance, I'm convinced anonymous or cloaked micropayment capability would increase revenues in this industry. I don't know if an anonymous digital currency is actually viable, as opposed to theoretically viable. That said, BTC is too small, it is held by too few, and the "demand" is the result of the small trading volume rather than its being suited to safe international transactions. The founder, a very large holder, appears to have created it with this in mind. He got his BTC for free, and any gain in value was large for him - he holds 1m bitcoins. It is poorly understood by the average "early adopters" who clearly have not caveated any emptors, that demand does not generally remain constant when an item has no intrinsic or fiat value. bitcoins have become a vehicle for speculation (whether you buy and hold or Delta neutral like edgeprod seems to be doing) and more of a team sport on this board and everywhere else. I posted the actual numbers, and witness the result. If I posted a traded stock, gold prices, etc, it would be seen as what it was; information. With BTC, it is cannon fodder. I put myself out there and said I thought BTC would be between $10 - $30 US in 5 years. It may go up, it may remain volatile, but in the end I think demand will collapse as other DCs arise and more thefts occur. For all you pumpers out there - I get it - but making money off people's money is the gubmints bizness - you think fucking with the mafia is bad? Are we still saying the line "the government couldn't stop us if they tried - they don't understand bitcoin!!" I don't hear that line as much any more. |
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Buying all I can tonight. Excellent time to jump in.
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:( it will be back give it time.
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No need to know this
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