Topic: Greed will catch up with you. (Read 7291 times)
greed.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
An ice-cream sandwich.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
A billion dollars.
A billion dollars isn't cool. You know what's cool?
A billion dollars.
A million dollars isn't cool, you know what's cool?
if you had a million dollars, you would be spending your days thinking how not to lose it due to inflation or allocating into bad assets; won't speak for other millionaires but hedging some part of it with bitcoins is one of the best ideas on the market right now, provided you somehow understand what the hell bitcoin is.
In my opinion anyone with 1 million dollars to invest doesn't need to do so in the first place. I mean, with that much money it really is nothing else but greed.
I'd think it's the opposite. I'd think with a million bucks, Bitcoin would look like a liability of loonitarians, and would *only* be due to pure unadulterated curiosity and boredom from being too wealthy that any investment into it would be made. There are of course people with lots of money who would believe in the tenants of Bitcoin, but bitcoin itself...hmm..that's a tough one.
If you're wealthy enough to risk a million and you are only doing so because you are "bored" you're doing this "life" thing all wrong. That being said you bring up a good point.
I harbor no ill towards people looking to grow more wealth, but I have to wonder sometimes. Money is useless, until it is used. What is the point of amassing a fortune if you never intend to use it?
To be fair I'd invest in bitcoin no matter how much money I had, however I was mostly referring to the poeple OP was complaining about. Pure greed, I suppose, brings a sufficient level of disgust to me.
In my opinion anyone with 1 million dollars to invest doesn't need to do so in the first place. I mean, with that much money it really is nothing else but greed.
I'd think it's the opposite. I'd think with a million bucks, Bitcoin would look like a liability of loonitarians, and would *only* be due to pure unadulterated curiosity and boredom from being too wealthy. There are of course people with lots of money who would believe in the tenants of Bitcoin, but bitcoin itself...hmm..that's a tough one.
I agree. If I had a million dollars, and ONLY a million dollars. I would hoard that fiat like a muther fuzzer. Maybe $50K into bitcoin, but no more.
if had a million dollars, and ONLY a million dollars.... i'd keep my day job...
In my opinion anyone with 1 million dollars to invest doesn't need to do so in the first place. I mean, with that much money it really is nothing else but greed.
I'd think it's the opposite. I'd think with a million bucks, Bitcoin would look like a liability of loonitarians, and would *only* be due to pure unadulterated curiosity and boredom from being too wealthy. There are of course people with lots of money who would believe in the tenants of Bitcoin, but bitcoin itself...hmm..that's a tough one.
I agree. If I had a million dollars, and ONLY a million dollars. I would hoard that fiat like a muther fuzzer. Maybe $50K into bitcoin, but no more.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
In my opinion anyone with 1 million dollars to invest doesn't need to do so in the first place. I mean, with that much money it really is nothing else but greed.
I'd think it's the opposite. I'd think with a million bucks, Bitcoin would look like a liability of loonitarians, and would *only* be due to pure unadulterated curiosity and boredom from being too wealthy that any investment into it would be made. There are of course people with lots of money who would believe in the tenants of Bitcoin, but bitcoin itself...hmm..that's a tough one.
I believe that believing in bitcoin means you don't need to fear the greed.
It's in it's infancy, and like it or not growing value of bitcoin only increases it's power as a currency.
At anyrate I totally agree with your sentiment and see where you are coming from.
In my opinion anyone with 1 million dollars to invest doesn't need to do so in the first place. I mean, with that much money it really is nothing else but greed.
At the same time the money influx helps the currency.
Its far too early to tell though, I am no expert. Who knows
It's in it's infancy, and like it or not growing value of bitcoin only increases it's power as a currency.
At anyrate I totally agree with your sentiment and see where you are coming from.
In my opinion anyone with 1 million dollars to invest doesn't need to do so in the first place. I mean, with that much money it really is nothing else but greed.
At the same time the money influx helps the currency.
Its far too early to tell though, I am no expert. Who knows
Greed will save us all.
I think lots of people cannot see the difference between long term greed and short term greed.
The first is good, nothing wrong in having a profit in months or even years.
The things that really worries me is the short term greed. And I think this is what the OP was talking about.
When people accumulate a quite large amount of BTC planning to dump it all in the short-medium term (like in the next month or 2)
That is going to create a bubble now, and a large crash soon, and this will make Bitcoin life difficult for long term adoption.
Those are the kind of people that would not care if Bitcoin dies as soon as they got their gain.
Call me paranoid, but I would not be happy if those people were the majority of the new entrants. I'm here for the idea. I don't even have any coin anymore because I'm waiting for the crash... price doubled in a week, a large correction is due soon.
The first is good, nothing wrong in having a profit in months or even years.
The things that really worries me is the short term greed. And I think this is what the OP was talking about.
When people accumulate a quite large amount of BTC planning to dump it all in the short-medium term (like in the next month or 2)
That is going to create a bubble now, and a large crash soon, and this will make Bitcoin life difficult for long term adoption.
Those are the kind of people that would not care if Bitcoin dies as soon as they got their gain.
Call me paranoid, but I would not be happy if those people were the majority of the new entrants. I'm here for the idea. I don't even have any coin anymore because I'm waiting for the crash... price doubled in a week, a large correction is due soon.
So, we back to greed is good? lol
I don't get it..a lot of the new comers into Bitcoin are treating Bitcoin as a get rich quick scheme.
I've seen posts here (and other places) going on about how they're going to take out huge, huge loans to buy Bitcoin.
Why? Simply so they can hold, hold, hold, and resell at a higher price....
I also know a couple people personally that are buying to resell...One of them has 2.7 mill invested. He's going to dump as soon as his investment reaches 25%. I know someone else that doesn't even have a job and she put all assets into Bitcoin.
I feel like nowadays every newcomer is acquiring Bitcoins to get rich. They aren't here for anything else. This is a giant greed bubble IMO. Nothing else.
This isn't about currency revolution... It's all about investment/greed speculation now. It isn't about screwing over the banks or government or evolving anything, It's now about buying in and selling at higher prices and selling for a nice paper money increase.
Greedy speculators will be the death of Bitcoin.. If hacks and the government don't kill it first. This whole thing is becoming a joke really due to human greed.
You Idiots taking out a second mortgage on your house and living off ramen (I know several of you personally (4)) I will give you no sympathy when this greed raged currency crashes.
I will keep using Bitcoin if it = 1 cent or 100 bucks, It doesn't matter to me.
You people expecting an infinite price increase so they can sell out and retire, I will be here to laugh at you when it falls through the floor because of speculative greed.
I've seen posts here (and other places) going on about how they're going to take out huge, huge loans to buy Bitcoin.
Why? Simply so they can hold, hold, hold, and resell at a higher price....
I also know a couple people personally that are buying to resell...One of them has 2.7 mill invested. He's going to dump as soon as his investment reaches 25%. I know someone else that doesn't even have a job and she put all assets into Bitcoin.
I feel like nowadays every newcomer is acquiring Bitcoins to get rich. They aren't here for anything else. This is a giant greed bubble IMO. Nothing else.
This isn't about currency revolution... It's all about investment/greed speculation now. It isn't about screwing over the banks or government or evolving anything, It's now about buying in and selling at higher prices and selling for a nice paper money increase.
Greedy speculators will be the death of Bitcoin.. If hacks and the government don't kill it first. This whole thing is becoming a joke really due to human greed.
You Idiots taking out a second mortgage on your house and living off ramen (I know several of you personally (4)) I will give you no sympathy when this greed raged currency crashes.
I will keep using Bitcoin if it = 1 cent or 100 bucks, It doesn't matter to me.
You people expecting an infinite price increase so they can sell out and retire, I will be here to laugh at you when it falls through the floor because of speculative greed.
I agree with this. When the parabolic rise breaks, it's going to crash hard and for a long time IMO.
I will keep using Bitcoin if it = 1 cent or 100 bucks, It doesn't matter to me.
This community was the best and the most fun when coins were 6 cents and you had to buy them with cash in the mail. Fun times
Judging by your presence on the forum, you sold most of your initial bitcoin stash in the $0.10 to $1.00 range?
lol
"stay short or die"
ROFL!
Fucking greed making me filthy rich.
Nothing goes in a straight line. The most important thing that matters is that the protocol is not cracked. Besides that, once a BTC remains a BTC. Just hold it a little longer if you're afraid of swings.
Only a dumbass, like you, would equate bitcoin "dying" to the price falling. Speculation does not equal bitcoin. Bitcoin price equals speculation.
Obviously you are an emotionally driven trader. I hope you go insane trying to catch the dips and end up buying back higher.
Obviously you are an emotionally driven trader. I hope you go insane trying to catch the dips and end up buying back higher.
I don't get it..a lot of the new comers into Bitcoin are treating Bitcoin as a get rich quick scheme.
I've seen posts here (and other places) going on about how they're going to take out huge, huge loans to buy Bitcoin.
Why? Simply so they can hold, hold, hold, and resell at a higher price....
I also know a couple people personally that are buying to resell...One of them has 2.7 mill invested. He's going to dump as soon as his investment reaches 25%. I know someone else that doesn't even have a job and she put all assets into Bitcoin.
I feel like nowadays every newcomer is acquiring Bitcoins to get rich. They aren't here for anything else. This is a giant greed bubble IMO. Nothing else.
This isn't about currency revolution... It's all about investment/greed speculation now. It isn't about screwing over the banks or government or evolving anything, It's now about buying in and selling at higher prices and selling for a nice paper money increase.
Greedy speculators will be the death of Bitcoin.. If hacks and the government don't kill it first. This whole thing is becoming a joke really due to human greed.
You Idiots taking out a second mortgage on your house and living off ramen (I know several of you personally (4)) I will give you no sympathy when this greed raged currency crashes.
I will keep using Bitcoin if it = 1 cent or 100 bucks, It doesn't matter to me.
You people expecting an infinite price increase so they can sell out and retire, I will be here to laugh at you when it falls through the floor because of speculative greed.
I've seen posts here (and other places) going on about how they're going to take out huge, huge loans to buy Bitcoin.
Why? Simply so they can hold, hold, hold, and resell at a higher price....
I also know a couple people personally that are buying to resell...One of them has 2.7 mill invested. He's going to dump as soon as his investment reaches 25%. I know someone else that doesn't even have a job and she put all assets into Bitcoin.
I feel like nowadays every newcomer is acquiring Bitcoins to get rich. They aren't here for anything else. This is a giant greed bubble IMO. Nothing else.
This isn't about currency revolution... It's all about investment/greed speculation now. It isn't about screwing over the banks or government or evolving anything, It's now about buying in and selling at higher prices and selling for a nice paper money increase.
Greedy speculators will be the death of Bitcoin.. If hacks and the government don't kill it first. This whole thing is becoming a joke really due to human greed.
You Idiots taking out a second mortgage on your house and living off ramen (I know several of you personally (4)) I will give you no sympathy when this greed raged currency crashes.
I will keep using Bitcoin if it = 1 cent or 100 bucks, It doesn't matter to me.
You people expecting an infinite price increase so they can sell out and retire, I will be here to laugh at you when it falls through the floor because of speculative greed.
Yep I'm a dumbass because I said bitcoin is going to die. Oh wait, I just read my post again and I never said that. Congratulations on that.
In fact I even said in my post I would still use bitcoin if it was worth 1 penny.
My whole point is too many people are in it for greed/fiat and not in it for Bitcoin and just want quick exponential profits.
If you or anyone else took my OMMMMGGGG CRASSHHH thread seriously, especially when in the same exact thread I said I managed to buy in at the low $50's during that dip , then you would be the dumbass.
Also I'm not actively trading Bitcoin anymore. I do have some cash left in Gox, but I will only use it for dips I manage to be around for. I've cashed out about 50% coins and am holding the rest. Bought myself a new truck, paid off my remaining student loans. I refuse to buy anymore at record high's. The way I figure it if I hold what I have left and if Bitcoin ever becomes a huge success then I'll be millionaire or higher. If it crashes or ceases to exist my life won't be affected.
lol and neither did I ever say you said Bitcoin is going to die dipshit.
Haha, I like how hostile you are. I should post more often. You guys are entertaining.
How is what I HIGHLIGHTED for you "hostile"? I figured you needed a good pair of reading glasses given you were accusing me of something I never accused you of lol.
Please fail harder, that is ENTERTAINMENT to me.
Nah I know what I said. You're taking a big one line of what I said highlighting it and ignoring the whole point of my post.
If I assumed Bitcoin was going to die, for whatever reason, I would be 100% cashed out. I don't assume that and I'm holding the rest of my coins long term in the hopes that someday I'll actually be able to use them as a payment everywhere I go, maybe buy a mansion and a yacht
However, if it fails or crashes, oh well. I already made wayyyyy more then I ever assumed I would and didn't mindlessly buy into this hype train that's happening right now.
Maybe I'm wrong and Bitcoin will keep rising in value forever. I still win, cause I will be rich.
(being entertained by your aura of fail)
Only a dumbass, like you, would equate bitcoin "dying" to the price falling. Speculation does not equal bitcoin. Bitcoin price equals speculation.
Obviously you are an emotionally driven trader. I hope you go insane trying to catch the dips and end up buying back higher.
Obviously you are an emotionally driven trader. I hope you go insane trying to catch the dips and end up buying back higher.
I don't get it..a lot of the new comers into Bitcoin are treating Bitcoin as a get rich quick scheme.
I've seen posts here (and other places) going on about how they're going to take out huge, huge loans to buy Bitcoin.
Why? Simply so they can hold, hold, hold, and resell at a higher price....
I also know a couple people personally that are buying to resell...One of them has 2.7 mill invested. He's going to dump as soon as his investment reaches 25%. I know someone else that doesn't even have a job and she put all assets into Bitcoin.
I feel like nowadays every newcomer is acquiring Bitcoins to get rich. They aren't here for anything else. This is a giant greed bubble IMO. Nothing else.
This isn't about currency revolution... It's all about investment/greed speculation now. It isn't about screwing over the banks or government or evolving anything, It's now about buying in and selling at higher prices and selling for a nice paper money increase.
Greedy speculators will be the death of Bitcoin.. If hacks and the government don't kill it first. This whole thing is becoming a joke really due to human greed.
You Idiots taking out a second mortgage on your house and living off ramen (I know several of you personally (4)) I will give you no sympathy when this greed raged currency crashes.
I will keep using Bitcoin if it = 1 cent or 100 bucks, It doesn't matter to me.
You people expecting an infinite price increase so they can sell out and retire, I will be here to laugh at you when it falls through the floor because of speculative greed.
I've seen posts here (and other places) going on about how they're going to take out huge, huge loans to buy Bitcoin.
Why? Simply so they can hold, hold, hold, and resell at a higher price....
I also know a couple people personally that are buying to resell...One of them has 2.7 mill invested. He's going to dump as soon as his investment reaches 25%. I know someone else that doesn't even have a job and she put all assets into Bitcoin.
I feel like nowadays every newcomer is acquiring Bitcoins to get rich. They aren't here for anything else. This is a giant greed bubble IMO. Nothing else.
This isn't about currency revolution... It's all about investment/greed speculation now. It isn't about screwing over the banks or government or evolving anything, It's now about buying in and selling at higher prices and selling for a nice paper money increase.
Greedy speculators will be the death of Bitcoin.. If hacks and the government don't kill it first. This whole thing is becoming a joke really due to human greed.
You Idiots taking out a second mortgage on your house and living off ramen (I know several of you personally (4)) I will give you no sympathy when this greed raged currency crashes.
I will keep using Bitcoin if it = 1 cent or 100 bucks, It doesn't matter to me.
You people expecting an infinite price increase so they can sell out and retire, I will be here to laugh at you when it falls through the floor because of speculative greed.
Yep I'm a dumbass because I said bitcoin is going to die. Oh wait, I just read my post again and I never said that. Congratulations on that.
In fact I even said in my post I would still use bitcoin if it was worth 1 penny.
My whole point is too many people are in it for greed/fiat and not in it for Bitcoin and just want quick exponential profits.
If you or anyone else took my OMMMMGGGG CRASSHHH thread seriously, especially when in the same exact thread I said I managed to buy in at the low $50's during that dip , then you would be the dumbass.
Also I'm not actively trading Bitcoin anymore. I do have some cash left in Gox, but I will only use it for dips I manage to be around for. I've cashed out about 50% coins and am holding the rest. Bought myself a new truck, paid off my remaining student loans. I refuse to buy anymore at record high's. The way I figure it if I hold what I have left and if Bitcoin ever becomes a huge success then I'll be millionaire or higher. If it crashes or ceases to exist my life won't be affected.
lol and neither did I ever say you said Bitcoin is going to die dipshit.
Haha, I like how hostile you are. I should post more often. You guys are entertaining.
How is what I HIGHLIGHTED for you "hostile"? I figured you needed a good pair of reading glasses given you were accusing me of something I never accused you of lol.
Please fail harder, that is ENTERTAINMENT to me.
Nah I know what I said. You're taking a big one line of what I said highlighting it and ignoring the whole point of my post.
If I assumed Bitcoin was going to die, for whatever reason, I would be 100% cashed out. I don't assume that and I'm holding the rest of my coins long term in the hopes that someday I'll actually be able to use them as a payment everywhere I go, maybe buy a mansion and a yacht
However, if it fails or crashes, oh well. I already made wayyyyy more then I ever assumed I would and didn't mindlessly buy into this hype train that's happening right now.
Maybe I'm wrong and Bitcoin will keep rising in value forever. I still win, cause I will be rich.
Only a dumbass, like you, would equate bitcoin "dying" to the price falling. Speculation does not equal bitcoin. Bitcoin price equals speculation.
Obviously you are an emotionally driven trader. I hope you go insane trying to catch the dips and end up buying back higher.
Obviously you are an emotionally driven trader. I hope you go insane trying to catch the dips and end up buying back higher.
I don't get it..a lot of the new comers into Bitcoin are treating Bitcoin as a get rich quick scheme.
I've seen posts here (and other places) going on about how they're going to take out huge, huge loans to buy Bitcoin.
Why? Simply so they can hold, hold, hold, and resell at a higher price....
I also know a couple people personally that are buying to resell...One of them has 2.7 mill invested. He's going to dump as soon as his investment reaches 25%. I know someone else that doesn't even have a job and she put all assets into Bitcoin.
I feel like nowadays every newcomer is acquiring Bitcoins to get rich. They aren't here for anything else. This is a giant greed bubble IMO. Nothing else.
This isn't about currency revolution... It's all about investment/greed speculation now. It isn't about screwing over the banks or government or evolving anything, It's now about buying in and selling at higher prices and selling for a nice paper money increase.
Greedy speculators will be the death of Bitcoin.. If hacks and the government don't kill it first. This whole thing is becoming a joke really due to human greed.
You Idiots taking out a second mortgage on your house and living off ramen (I know several of you personally (4)) I will give you no sympathy when this greed raged currency crashes.
I will keep using Bitcoin if it = 1 cent or 100 bucks, It doesn't matter to me.
You people expecting an infinite price increase so they can sell out and retire, I will be here to laugh at you when it falls through the floor because of speculative greed.
I've seen posts here (and other places) going on about how they're going to take out huge, huge loans to buy Bitcoin.
Why? Simply so they can hold, hold, hold, and resell at a higher price....
I also know a couple people personally that are buying to resell...One of them has 2.7 mill invested. He's going to dump as soon as his investment reaches 25%. I know someone else that doesn't even have a job and she put all assets into Bitcoin.
I feel like nowadays every newcomer is acquiring Bitcoins to get rich. They aren't here for anything else. This is a giant greed bubble IMO. Nothing else.
This isn't about currency revolution... It's all about investment/greed speculation now. It isn't about screwing over the banks or government or evolving anything, It's now about buying in and selling at higher prices and selling for a nice paper money increase.
Greedy speculators will be the death of Bitcoin.. If hacks and the government don't kill it first. This whole thing is becoming a joke really due to human greed.
You Idiots taking out a second mortgage on your house and living off ramen (I know several of you personally (4)) I will give you no sympathy when this greed raged currency crashes.
I will keep using Bitcoin if it = 1 cent or 100 bucks, It doesn't matter to me.
You people expecting an infinite price increase so they can sell out and retire, I will be here to laugh at you when it falls through the floor because of speculative greed.
Yep I'm a dumbass because I said bitcoin is going to die. Oh wait, I just read my post again and I never said that. Congratulations on that.
In fact I even said in my post I would still use bitcoin if it was worth 1 penny.
My whole point is too many people are in it for greed/fiat and not in it for Bitcoin and just want quick exponential profits.
If you or anyone else took my OMMMMGGGG CRASSHHH thread seriously, especially when in the same exact thread I said I managed to buy in at the low $50's during that dip , then you would be the dumbass.
Also I'm not actively trading Bitcoin anymore. I do have some cash left in Gox, but I will only use it for dips I manage to be around for. I've cashed out about 50% coins and am holding the rest. Bought myself a new truck, paid off my remaining student loans. I refuse to buy anymore at record high's. The way I figure it if I hold what I have left and if Bitcoin ever becomes a huge success then I'll be millionaire or higher. If it crashes or ceases to exist my life won't be affected.
lol and neither did I ever say you said Bitcoin is going to die dipshit.
Haha, I like how hostile you are. I should post more often. You guys are entertaining.
How is what I HIGHLIGHTED for you "hostile"? I figured you needed a good pair of reading glasses given you were accusing me of something I never accused you of lol.
Please fail harder, that is ENTERTAINMENT to me.
Jump to: