Beanie babies/Bitcoin bag holders be like:

Elwar

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Quote from: gentlemand on July 18, 2017, 09:04:05 AM

Quote from: leopard2 on July 17, 2017, 12:27:23 PM

But I cannot take someone seriously who thinks that cars hold value? A fucking CAR?

HAHAHAHA so go find someone who sold in 2013, at $1100, bought a car, and has more value now.... Roll Eyes

There are many, many cars you could've bought back then that you might have doubled your money on or more. Any crappy old 911, BMW M3s, Lancia Integrales, the list is endless.

If you think crypto is in a bubble, then premium cars gave up on rationality a long time ago.

I had a crappy old 911. It lost value and cost a lot to repair.

BillyBobZorton

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Quote from: gentlemand on July 18, 2017, 09:04:05 AM

Quote from: leopard2 on July 17, 2017, 12:27:23 PM

But I cannot take someone seriously who thinks that cars hold value? A fucking CAR?

HAHAHAHA so go find someone who sold in 2013, at $1100, bought a car, and has more value now.... Roll Eyes

There are many, many cars you could've bought back then that you might have doubled your money on or more. Any crappy old 911, BMW M3s, Lancia Integrales, the list is endless.

If you think crypto is in a bubble, then premium cars gave up on rationality a long time ago.

Well it depends on how often do you use it. If you got for example a Toyota Supra and you keep it low on the mileage, it will continue appreciating. But if you use it daily the mileage will go up and it will depreciate. It's clear that a car must not be used to be treated as an asset and not a liability.

gentlemand

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Quote from: leopard2 on July 17, 2017, 12:27:23 PM

But I cannot take someone seriously who thinks that cars hold value? A fucking CAR?

HAHAHAHA so go find someone who sold in 2013, at $1100, bought a car, and has more value now.... Roll Eyes

There are many, many cars you could've bought back then that you might have doubled your money on or more. Any crappy old 911, BMW M3s, Lancia Integrales, the list is endless.

If you think crypto is in a bubble, then premium cars gave up on rationality a long time ago.

slaman29

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Quote from: Kakmakr on July 18, 2017, 02:01:54 AM

Well, I jumped back in at $2000 yesterday and I am already up $2230+ today. Sold only 3 x bitcoins today and paid for a weekend of camping with the family from the profits. < +/- $500 after trading fees & taxes >

These spectators and critics and shills are missing out on a lot of fun and profits. While they pump their hidden agendas, we reap the profits by being in the frontlines. )o(

Wait, aren't all the frontline people really the ones paying for these spectators and critics and shills? How else do they buy BTC cheap and trigger all their sell orders

Enjoy your well-deserved weekend camping. Plenty of drama to come back to.

Kakmakr

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Well, I jumped back in at $2000 yesterday and I am already up $2230+ today. Sold only 3 x bitcoins today and paid for a weekend of camping with the family from the profits. < +/- $500 after trading fees & taxes >

These spectators and critics and shills are missing out on a lot of fun and profits. While they pump their hidden agendas, we reap the profits by being in the frontlines. )o(

Foxpup

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Quote from: kwukduck on July 17, 2017, 05:45:15 AM

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!

Thank you kindly, Opposite Oracle. The price has already started to bounce back giving me a nice profit. As always, I am indebted to your anti-guidance.

webcrypt

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Quote from: leopard2 on July 17, 2017, 12:27:23 PM

I do not know where you could buy a house or gold without explaining the origin of the funds....are U in Somalia???

Billions of dollars everyday flow tru off shore bank accts and shell companies.

And how the hell are you going to buy a house with bitcion without "explaining the origin of the funds" ?? If you are talking about anonymous money storage and transfers Bitcoins is not the only game or the best game. and to sit in a losing Bitcoin investment because you are to lazy or ignorant to seek an alternative ..?

You are talking about a brand new speculative market that is volatile as hell. and your strategy is to sit.. ? Because everything else is "HAHAHAHA"

Quote from: leopard2 on July 17, 2017, 12:27:23 PM

But I cannot take someone seriously who thinks that cars hold value? A fucking CAR?

HAHAHAHA so go find someone who sold in 2013, at $1100, bought a car, and has more value now.... Roll Eyes

Not all investments are for purely holding value. If you need to drive a car everyday you invest in one and use it, make money with it and enjoy it. I made a lot of money with my car in 2013. It was tool and a good investment.

Quote from: maku on July 17, 2017, 12:35:11 PM

Quote from: webcrypt on July 17, 2017, 09:51:24 AM

Quote from: Elwar on July 17, 2017, 09:35:09 AM

I suggest you stay out. Fiat will give you everything you could ever hope for.

Why would I stay out. Fiat currency will not go up and down 20% in a week. Might go down that much in a week in Nigeria or Valenzuela.

Bitcoins is a speculative game at this stage. If you plain on "buy and hold" you are going to get burned..

So far your words hold no ground, bitcoin price history shows that price is growing constantly, as people's awareness and Bitcoin adoption is growing.
It is only natural that we also have some sharp turns bumpy roads along the way, scaling upgrade drama is only a temporary inconvenience.
Soon it will be over and bitcoin will resume its victory march.

"bitcoin price history" a steady line then a massive spike= Bubble. Same movement all bubbles have.

"Bitcoin adoption" is slow... slower then investments= Bubble.

maku

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Quote from: webcrypt on July 17, 2017, 09:51:24 AM

Quote from: Elwar on July 17, 2017, 09:35:09 AM

I suggest you stay out. Fiat will give you everything you could ever hope for.

Why would I stay out. Fiat currency will not go up and down 20% in a week. Might go down that much in a week in Nigeria or Valenzuela.

Bitcoins is a speculative game at this stage. If you plain on "buy and hold" you are going to get burned..

So far your words hold no ground, bitcoin price history shows that price is growing constantly, as people's awareness and Bitcoin adoption is growing.
It is only natural that we also have some sharp turns bumpy roads along the way, scaling upgrade drama is only a temporary inconvenience.
Soon it will be over and bitcoin will resume its victory march.

leopard2

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Quote from: webcrypt on July 17, 2017, 12:17:58 PM

Quote from: leopard2 on July 17, 2017, 12:12:20 PM

The key issue is that you can own crypto, but you cannot truly own fiat.

Why does it have to be fiat ? Lots of tangible goods are for sale out there. Gold, real estate, cars, stuff that has been around a hell of a lot longer the Bitcoins and has held value much more steady.

Bitcoins is still a speculative market. It is not a solid investment, it is a game. Like any speculative market people who stay in when it sinks will lose.

I do not know where you could buy a house or gold without explaining the origin of the funds....are U in Somalia???

But I cannot take someone seriously who thinks that cars hold value? A fucking CAR?

HAHAHAHA so go find someone who sold in 2013, at $1100, bought a car, and has more value now.... Roll Eyes

webcrypt

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Quote from: leopard2 on July 17, 2017, 12:12:20 PM

The key issue is that you can own crypto, but you cannot truly own fiat.

Why does it have to be fiat ? Lots of tangible goods are for sale out there. Gold, real estate, cars, stuff that has been around a hell of a lot longer the Bitcoins and has held value much more steady.

Bitcoins is still a speculative market. It is not a solid investment, it is a game. Like any speculative market people who stay in when it sinks will lose.

leopard2

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so OP where is your fiat money now? In an exchange? Hope it does not get hacked or freezes your funds for some reason....or your bank account gets frozen because of that funny wire transfer from a Bitcoin company ( I am assuming you got lots of BTC, otherwise there would be no reason to worry and cash out).

Maybe soon you get a letter or a visit from the IRS or someone else, because of that funny wire transfer; they will "invite" you and ask lots of questions....and I guess right now, a US Coinbase user who got out at $2900 feels alot worse than someone who lost 40% on paper during the recent drop.

The key issue is that you can own crypto, but you cannot truly own fiat.

Take Gox (or a more recent examples when Chinese exchanges froze accounts): in that case people lost 100% of access to their funds, while BTC never dropped 100%, and always recovered. Wink

BillyBobZorton

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Been collecting bitcoin since $150 when idiots like you were claiming it was dead coming from the big MtGox crash. Then the same idiots like you disappeared and came back on every dip, which I used to collect more. This is no different, time to take advantage from the FUDsters and by discount bitcoin, simple as that. See you on the ATH, even if it takes months, buyers and holders always win in the long term.

pearlmen

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Quote from: LFC_Bitcoin on July 17, 2017, 09:28:29 AM

First shoots of recovery popping through now, back above $2000. I don't think there will be further epic collapsing as some predict.

Thats what people are failing to realize with this news that has filtered the air waves concerning Segtwit and I would be worried if price didnt drop because of the uncertainty surrounding the current and events that will be happening. Aside that, I have looked at the price and discovered that the reason for the panics is because we all get used to increase in price and not the other way round and the earlier we realize that much of what eventually happens to price depends on us.

slaman29

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Quote from: Elwar on July 17, 2017, 03:51:56 AM

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.

At least Bitcoin, whatever will happen, should be a lot better recorded for study than tulipmania or Beanie babies. I also think Trolls, the toy I mean, is comparable to beanies. Bitcoin cannot really be compared to any of those examples, otherwise I might also use the urban legend of soda can tabs (it was real! everyone I knew collected and paid crazy amounts for them!).

webcrypt

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Quote from: Elwar on July 17, 2017, 09:35:09 AM

I suggest you stay out. Fiat will give you everything you could ever hope for.

Why would I stay out. Fiat currency will not go up and down 20% in a week. Might go down that much in a week in Nigeria or Valenzuela.

Bitcoins is a speculative game at this stage. If you plain on "buy and hold" you are going to get burned..

Elwar

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Quote from: webcrypt on July 17, 2017, 09:18:38 AM

I sold all mine in June at around $2,300. The bubble is deflating look out below.. Fun ride but I am out until prices stabilize, I might buy back in at triple digits.

Sure sign of a bubble - 1- Everyone is buying on pure speculation Bennie Babies, extra houses and condos in the 2008 housing bubble, Tulips, etc "just buy it will always be worth more."
2- Look at the charts, pure spike. That is not sustainable..

No one is actually using Bitcions in a mainstream use. People have to jump tru hoops just to buy a trinket on line. No one is storing wealth in it because it is to unstable and new.

Pure Speculation=Pure Bubble

I suggest you stay out. Fiat will give you everything you could ever hope for.

LFC_Bitcoin

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First shoots of recovery popping through now, back above $2000. I don't think there will be further epic collapsing as some predict.

webcrypt

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I sold all mine in June at around $2,300. The bubble is deflating look out below.. Fun ride but I am out until prices stabilize, I might buy back in at triple digits.

Sure sign of a bubble - 1- Everyone is buying on pure speculation Bennie Babies, extra houses and condos in the 2008 housing bubble, Tulips, etc "just buy it will always be worth more."
2- Look at the charts, pure spike. That is not sustainable..

No one is actually using Bitcions in a mainstream use. People have to jump tru hoops just to buy a trinket on line. No one is storing wealth in it because it is to unstable and new.

Pure Speculation=Pure Bubble

cellard

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

2017Bubble = kwukduck. It is obvious.

Yeah this is an obvious alt from kwukduck, he doesn't want to be posting again under his main account because he has had so many wrong predictions that he doesn't wan to rin his "reputation" even more (even if he has noone and no one takes him seriously anymore).

This is just another opportunity to get cheap BTC before a new ATH.

BitHodler

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Quote from: kwukduck on July 17, 2017, 05:45:15 AM

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!

As long as you remain holding an ultra bearish stance, we'll be doing just fine. It has proven to be a solid way of measuring potential growth throughout the last year(s).

Seriously, I will start to worry at the moment kwukduck turns into a solid bull. I think that's a pretty safe way of making sure to cash out profits as soon as possible!

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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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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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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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

Ted E. Bare

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