Topic: Bitcoin can't fail with venture capital ? (Read 968 times)
But actually...
Hahahaha! It took him 1 hour to write and edit that. You could at least take the time to read it all.
I think Venture Capital is mostly important for building infrastructure and help to create an economy. I think if we consider Bitcoin in its purest form - as an asset. It could still achieve a much higher value than today. Can, not must, though.
bitcoins don't have wait the capital investment ... it works without it (or with it eventually).
convertible fiat fund into bitcoin fund is good, at the end.
convertible fiat fund into bitcoin fund is good, at the end.
...Im not sure if it is relevent but I have an unhealthy obsession with child pornography
...
...
'Long as you bought it with Bitcoin like all your friends, the other pedophiles, I'd say yeah, relevant. Google agrees
BTW, work on ur spellinks, doctor
http://s22.postimg.org/7a6q3vss1/Capture.jpg
Negative cost basis, tell me again how I'm going to lose my fortune?
*yawn*
*yawn*
Bitcoin's price has been tanking, and I'm leveraged long to the gills.
My continuing fail can't possibly be due to my greed & stupidity, so I'll just go ahead and insult strangers, instead of learning from my costly mistakes.
My continuing fail can't possibly be due to my greed & stupidity, so I'll just go ahead and insult strangers, instead of learning from my costly mistakes.
I'm not sure if it is relevent but I have an unhealthy obsession with child pornography
And I spend 24/7 trolling this forum. I am probably intelligent but haven't amounted to anything in life so I just act like a c@nt on here talking to myself all day.
Don't forget me!
Or me!
Well I never..
Bitcoin's price has been tanking, and I'm leveraged long to the gills.
My continuing fail can't possibly be due to my greed & stupidity, so I'll just go ahead and insult strangers, instead of learning from my costly mistakes.
My continuing fail can't possibly be due to my greed & stupidity, so I'll just go ahead and insult strangers, instead of learning from my costly mistakes.
Fist bump?
1. Newbie Account- Check
2. Sockpuppet - Check
3. Dumbass - Check
2. Sockpuppet - Check
3. Dumbass - Check
Many bitcoiners have a delusion dream about bitcoin must be too big to fail because it attracted few venture capital firms investments.
Big guys are also holding the bitcoin bags so how can bitcoin go back to $0 or be replaced by other new things?
Well this delusion is not real and bitcoin will easily fail, venture capital is a high risk thing means most of investments will fail at the end.
Losing millions in bitcoin's failure can be expected at the beginning by institutional/rich individual investors, not a big deal for them any way.
They are not that stupid to do helpless struggle nor keep pumping useless infinite money into this dying bitcoin to make you rich.
Other successful investments they made will cover the small losses after bitcoin's failure.
Let's see some examples:
1: Fortress Investment Group LLC (NYSE: FIG, $62 billion in assets, 2014 revenue 1.1 billion) suffered a losses on bitcoin in last two year. they bought $20 million of bitcoin in 2013 and had a $3.7 million paper loss on that investment at the end of 2013. they already cut losses and dumped their bitcoin bags to Pantera Capital and move on, smart. $3.7 million losses is nothing for them any way.
2: Tim draper is a famous bitcoin bag holder, he made a mistake by buying 30,000 bitcoins at roughly $600/each at first US Marshals bitcoin auction first July 2014, he also bought 2,000 bitcoins at roughly $350/each at the second auction. $10 million losses is nothing since he is a billionaire. Everything will be fine, his luxury life goes on after bitcoin's failure.
3: NYSE and others silicon valley vcs
If they can't get enough profit from coinbase's trading fees before bitcoin drops to sub $10 or the mining network totally shutdown due to bitcoin price collapse.
If coinbase decides not to change to other cryptocurrencies 2.0 exchange to keep earning fees after bitcoin's failure.
Then investors lose $75 million and bitcoin dies, small losses for them not a big deal at all, DFJ Growth, USAA, NYSE won't give a shit.
Now, it's your turn to suffer financial ruin and lose your $10k or $100k or entire life savings in bitcoin pyramid scheme, will you pay for the lesson for your naive and stupid delusion on thisbitcoin ponzi coin?
Big guys are also holding the bitcoin bags so how can bitcoin go back to $0 or be replaced by other new things?
Well this delusion is not real and bitcoin will easily fail, venture capital is a high risk thing means most of investments will fail at the end.
Losing millions in bitcoin's failure can be expected at the beginning by institutional/rich individual investors, not a big deal for them any way.
They are not that stupid to do helpless struggle nor keep pumping useless infinite money into this dying bitcoin to make you rich.
Other successful investments they made will cover the small losses after bitcoin's failure.
Let's see some examples:
1: Fortress Investment Group LLC (NYSE: FIG, $62 billion in assets, 2014 revenue 1.1 billion) suffered a losses on bitcoin in last two year. they bought $20 million of bitcoin in 2013 and had a $3.7 million paper loss on that investment at the end of 2013. they already cut losses and dumped their bitcoin bags to Pantera Capital and move on, smart. $3.7 million losses is nothing for them any way.
2: Tim draper is a famous bitcoin bag holder, he made a mistake by buying 30,000 bitcoins at roughly $600/each at first US Marshals bitcoin auction first July 2014, he also bought 2,000 bitcoins at roughly $350/each at the second auction. $10 million losses is nothing since he is a billionaire. Everything will be fine, his luxury life goes on after bitcoin's failure.
3: NYSE and others silicon valley vcs
If they can't get enough profit from coinbase's trading fees before bitcoin drops to sub $10 or the mining network totally shutdown due to bitcoin price collapse.
If coinbase decides not to change to other cryptocurrencies 2.0 exchange to keep earning fees after bitcoin's failure.
Then investors lose $75 million and bitcoin dies, small losses for them not a big deal at all, DFJ Growth, USAA, NYSE won't give a shit.
Now, it's your turn to suffer financial ruin and lose your $10k or $100k or entire life savings in bitcoin pyramid scheme, will you pay for the lesson for your naive and stupid delusion on this