Are we Emperors without clothes? | Bitcointalksearch.org

Elwar

legendary

Activity: 3598

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Viva Ut Vivas

Quote from: crazy_rabbit on April 11, 2013, 08:15:23 PM

Quote from: ManBearPig on April 11, 2013, 08:13:59 PM

Sell to me please?

You would be crazy to quit.

Because we here, in this forum, holding, and buying, are here to change the world. You want in on the future, get on the boat because it sets sail at 2 UTC.

And spending, just paid for my hosting service this morning in bitcoins.

Cluster2k

legendary

Activity: 1692

Merit: 1018

It was amusing to watch people on this forum speculating how soon we would reach $300, and whether $1k was just weeks away. A bubble bursting or a mere correction, this is actually healthy. Do we want bitcoin to be seen by the general public as nothing more than a get-rich-quick scheme? That's what it looked like over the past several weeks.

People are naturally blaming malicious hackers and MtGox for the crash, but that's kind of like blaming the 2007 US housing bubble pop on anyone but people doing stupid things, or the dotcom bubble bursting because those stupid people that stopped bidding pets.com up and up. A prudent trader takes into account the risk of black swans, the risk of people panicking. Yes, there's even a risk that MtGox could be shut out of the international banking system at any moment if the USA puts enough pressure on Japan over money laundering. US online poker players remember Black Friday. Pop, and it was all gone.

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: ManBearPig on April 11, 2013, 08:13:59 PM

Sell to me please?

You would be crazy to quit.

+10000. Insane to quit. Ask youself, did you get in here because you want to make a quick buck or because you wanted to change the world? Because we here, in this forum, holding, and buying, are here to change the world. You want in on the future, get on the boat because it sets sail at 2 UTC.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Perhaps I am an Emporer without clothes who is actually a nudist and do not care what others think.

crazy_rabbit

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Activity: 1204

Merit: 1001

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Akka on April 11, 2013, 07:48:57 PM

Guys, it was at 30$ just a few weeks ago.

Did you think Bitcoins is going to be great and it's worth keeping your coins back than?

Why do you consider selling now. I got most of my coins at ~5$. So I'm still happy.

Really must coins bought at >30$ was by new speculators anyway and now 90% of those speculators walk away and have lost their money while the rest have the money of those speculaters. For us nothing has changed.

By the way I used the huge price to get a new Smart-phone for practically Cents.

So what should I say:

Bitcoin Bubble

Bitcoin User not affected.

+100. The network is up and running fine. I might just go gamble some of my $5 bitcoin over at satoshi right now just for the heck of it.

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Sell to me please?

You would be crazy to quit.

crazy_rabbit

legendary

Activity: 1204

Merit: 1001

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: Qoheleth on April 11, 2013, 07:05:53 PM

Quote from: Bowjob on April 11, 2013, 06:58:12 PM

This is all too funny.. i was rocking 80k, now im reduced to a fek thousands each. perhaps its time to throw in the towel?

Unrealized gains aren't real.

Sorry.

+1

Elwar

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Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: Qoheleth on April 11, 2013, 07:05:53 PM

Quote from: Bowjob on April 11, 2013, 06:58:12 PM

This is all too funny.. i was rocking 80k, now im reduced to a fek thousands each. perhaps its time to throw in the towel?

Unrealized gains aren't real.

Sorry.

So are unrealized losses.

jerkoff

newbie

Activity: 42

Merit: 0

Quote from: OnlyGoodVibes on April 11, 2013, 07:05:55 PM

You haven't lost anything until you sell for less than you paid.

That's what I love about the bitcoin craze. So many new people new to investing, and of course they're all going to make the same beginner's mistake, use false logic. It's like 2000 all over again, when the prices of tech stocks stopped going up. Forums full of people trying to verbally muscle others because everyone had a 100% sure belief about what the future would bring.
What you say is universally recognised as naive and false, all the books/courses etc. about investing warn against thinking like that. Combined with "sell quickly if you make a profit, keep holding if you have a loss until it goes back to break even" is a good reason most beginners lose their shirt in the stock market.

Akka

legendary

Activity: 1232

Merit: 1001

Guys, it was at 30$ just a few weeks ago.

Did you think Bitcoins is going to be great and it's worth keeping your coins back than?

Why do you consider selling now. I got most of my coins at ~5$. So I'm still happy.

Really must coins bought at >30$ was by new speculators anyway and now 90% of those speculators walk away and have lost their money while the rest have the money of those speculaters. For us nothing has changed.

By the way I used the huge price to get a new Smart-phone for practically Cents.

So what should I say:

Bitcoin Bubble

Bitcoin User not affected.

Bowjob

sr. member

Activity: 294

Merit: 250

Roger that. For the record, I spent $2k, cashed out to get $9k to make myself a winner no matter what. I am strangely calm, heh.

Gordonium

sr. member

Activity: 392

Merit: 250

Quote from: OnlyGoodVibes on April 11, 2013, 07:05:55 PM

You haven't lost anything until you sell for less than you paid.

This. No it is no time to sell. Just wait and win.

OnlyGoodVibes

newbie

Activity: 41

Merit: 0

You haven't lost anything until you sell for less than you paid.

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

Quote from: Bowjob on April 11, 2013, 06:58:12 PM

This is all too funny.. i was rocking 80k, now im reduced to a fek thousands each. perhaps its time to throw in the towel?

Unrealized gains aren't real.

Sorry.

notme

legendary

Activity: 1904

Merit: 1002

Anybody who panics in the next few days will lose their clothes. The sharks will be swimming and volatility will be through the roof. I'm thinking about dusting off the old liquidity bot to catch the swings.

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: Bowjob on April 11, 2013, 06:58:12 PM

This is all too funny.. i was rocking 80k, now im reduced to a fek thousands each. perhaps its time to throw in the towel?

holding 300 btc ?

btc will come back.

i dont know if i should sell some now to have at least some cash on an exchange account in case it drops totally (so i can buy then)

but when it goes up... those coins are gone..

Bowjob

sr. member

Activity: 294

Merit: 250

This is all too funny.. i was rocking 80k, now im reduced to a fek thousands each. perhaps its time to throw in the towel?

Topic: Are we Emperors without clothes? (Read 1018 times)