Beanie babies/Bitcoin bag holders be like: - page 2.

kwukduck

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Quote from: Foxpup on July 16, 2017, 08:24:57 AM

Quote from: Ted E. Bare on July 15, 2017, 06:57:54 PM

2017Bubble = kwukduck. It is obvious.

Not to me, it isn't. I need to hear it from him. I just bought about BTC50 and I'd like some reassurance from his reverse crystal ball that I've done the right thing. Undecided

You want to hear me say that was stupid? Yes it was, price will crash a lot more as the panic and chaos increases for the weeks to come. Consider how far it has crashed so far, and how much time we still have to go until the chain split. I can tell you the crash hasn't even started yet!

Elwar

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Quote from: Foxpup on July 17, 2017, 01:42:47 AM

Quote from: Elwar on July 16, 2017, 11:25:31 PM

But why post about a toy in Bitcoin Speculation?

I genuinely want to know.

Because, along with Dutch tulips and the South Sea Company, Beanie Babies are often used as an example of an economic bubble by people ignorant of the fact that the causes of the rise and fall of the value of these assets is well understood, and was predictable (to some extent) even at the time. Furthermore, the circumstances of these cases are all very different from each other and from Bitcoin, and any decent economist would laugh at the suggestion that they're comparable.

Bah. You ruined it. I wanted OP to explain it all to me. How he is such a genius for coming up with the idea of Beanie Babies and Bitcoin...as if he is such an economic mastermind.

I am sure he would have eventually mentioned tulips too. And also thought that he was being original on that one too.

Foxpup

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Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: Elwar on July 16, 2017, 11:25:31 PM

But why post about a toy in Bitcoin Speculation?

I genuinely want to know.

Because, along with Dutch tulips and the South Sea Company, Beanie Babies are often used as an example of an economic bubble by people ignorant of the fact that the causes of the rise and fall of the value of these assets is well understood, and was predictable (to some extent) even at the time. Furthermore, the circumstances of these cases are all very different from each other and from Bitcoin, and any decent economist would laugh at the suggestion that they're comparable.

Elwar

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Quote from: 2017Bubble on July 16, 2017, 05:58:47 PM

Quote from: Elwar on July 16, 2017, 08:30:42 AM

Could you elaborate on the Beanie Babies reference? I have never heard of that before. I am genuinely curious.

https://en.wikipedia.org/wiki/Beanie_Babies

I read the whole page. Fascinating! Those are some great toys.

But why post about a toy in Bitcoin Speculation?

I genuinely want to know.

2017Bubble

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Quote from: Elwar on July 16, 2017, 08:30:42 AM

Could you elaborate on the Beanie Babies reference? I have never heard of that before. I am genuinely curious.

https://en.wikipedia.org/wiki/Beanie_Babies

Elwar

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Could you elaborate on the Beanie Babies reference? I have never heard of that before. I am genuinely curious.

Foxpup

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Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: Ted E. Bare on July 15, 2017, 06:57:54 PM

2017Bubble = kwukduck. It is obvious.

Not to me, it isn't. I need to hear it from him. I just bought about BTC50 and I'd like some reassurance from his reverse crystal ball that I've done the right thing. Undecided

Denker

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Activity: 1442

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All over this place threads popping up to scare the shit out of users. Yawn!!!
@OP: This Beanie Babies crap is so 2014!!!
Be more creative next time!
This is lame. Buying here with each 5% price drop!

Yakamoto

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I sold some cheap bitcoin I picked up at $2,325/$3,100CDN and though that I sold at the bottom and I was going to get hammered during a recovery swing within the market that would have happened just after I sold. Then I saw the bull trap and thought about buying in again. Now I look at the market and I am pretty content with my decision. Saved myself a lot of headaches now and then, and I pulled out of being a bag holder just in time.

I'll look for the $1,400-$1,800 buy-in, I hope that your analysis is right and I am able to pull some deals out of this.

Pursuer

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Where is my ring of blades...

it is because you sold at the bottom not on top.
when you sell after all the dumps happened and price reached a very low price, then obviously you start feeling like a sinking ship and feel obligations to post what you feel on this forum too.

I feel your pain man. you should be nervous when the price you sold at is only 1-2% higher than the current market price. Wink