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Topic: Greed will catch up with you. - page 2. (Read 7291 times)

sr. member
Activity: 363
Merit: 250
April 07, 2013, 10:45:09 PM
#73
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.  Grin Grin Grin


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.



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. Grin Grin Grin

Haha, I like how hostile you are. I should post more often. You guys are entertaining.

legendary
Activity: 1820
Merit: 1000
April 07, 2013, 10:42:00 PM
#72
Man, I hope my greed catches up with me, because so far price has greatly exceeded my greediest expectations.  Tongue
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
April 07, 2013, 10:33:39 PM
#71
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.  Grin Grin Grin


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.



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. Grin Grin Grin
sr. member
Activity: 363
Merit: 250
April 07, 2013, 10:18:52 PM
#70
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.  Grin Grin Grin


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.



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.

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
April 07, 2013, 08:50:05 PM
#69
I agree with this. When the parabolic rise breaks, it's going to crash hard and for a long time IMO.

This is only an opinion, but even if it turns out to be true, that will just be a [third!] great opportunity to snag some cheap BTC.

How many commodities double bubble?
All of them.
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
April 07, 2013, 08:46:53 PM
#68
I agree with this. When the parabolic rise breaks, it's going to crash hard and for a long time IMO.

This is only an opinion, but even if it turns out to be true, that will just be a [third!] great opportunity to snag some cheap BTC.

How many commodities double bubble?
full member
Activity: 215
Merit: 101
April 07, 2013, 08:44:05 PM
#67
Let me know when Pirate@40 starts a new investment opportunity!
Who needs pirate's 7%? A Batch 1 Avalon investment is currently returning an uncompounded 270% a week. Too bad you can't compound it ...
full member
Activity: 129
Merit: 100
April 07, 2013, 08:33:53 PM
#66
Let me know when Pirate@40 starts a new investment opportunity!
sr. member
Activity: 410
Merit: 250
April 07, 2013, 06:55:52 PM
#65
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.

Bitcoin can be many things to different people.

Of course some will come just to speculate and try to make money.  There is money to be made obviously after all.

Even if we make the assumption that this behavior is "wrong" for Bitcoin it still benefits it in the sense that higher price means more media coverage which leads to higher adoption.  Even if most of the new adoption is for the "wrong" reason it will also attract some adoption of people with the "correct" intentions.  They will behave how you want them to and help justify the higher value of the coins allowing more speculation.

Also the basic premise that "greed will catch up with you" is false.  The only "justice" around is that which we create.  Often times greed works out great for the participant, hell even crime pays quite often.  It's nice to think that people get what's coming to them due to some kind of cosmic justice but that just isn't the case, sorry.

Basically if we start out with X users of Bitcoin that use it for non-speculative only purposes and there is adoption of Y users, even if only a small percentage Y users adopt it for the reason X users use it X plus small fraction of Y is still bigger than X.

If you don't care if bitcoins are 1 cent or $100 then why care what the speculators are doing in the first place?
donator
Activity: 853
Merit: 1000
April 07, 2013, 06:41:10 PM
#64
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 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 Smiley
legendary
Activity: 1025
Merit: 1000
April 07, 2013, 06:35:03 PM
#63
first I thought he was being a dick then I read his posts and feel bad for him. that feeling of being so close must be painful.
newbie
Activity: 16
Merit: 0
April 07, 2013, 06:14:32 PM
#62
With bitcoin - only invest an amount you can afford to lose. It may end up $1000 a coin or $1.

this is spot on.
hero member
Activity: 532
Merit: 500
April 07, 2013, 06:08:51 PM
#61
How is it greedy if someone is holding the same amount of BTC ? Even though BTC to USD has increased almost 18x[for me] it doesn't make any difference I'm still gonna hold.If you don't want to just sell and keep to your own opinions.
sr. member
Activity: 392
Merit: 250
sr. member
Activity: 315
Merit: 255
April 07, 2013, 05:43:35 PM
#59
I don't think BTCs will became mainstream enough (it's too much of a "geek-thing" imho) to sustain this kind of growth [...]

I agree with your post in general but, you know, many things were once 'geek things' and now they are main stream. The internet itself, smart phones, internet banking and playing games spring to mind. Time has a way of doing that.

IMO the question is if the community and infrastructure can mature enough to sustain the growth. Right now I think some people have an idea that services in the Bitcoin world will either get hacked or try to scam you - and their not wrong!
legendary
Activity: 2324
Merit: 1125
April 07, 2013, 04:35:10 PM
#58
I like how people speak of greed as if it is a bad thing.

https://www.youtube.com/watch?v=R8y6DJAeolo

Words to live by.
hero member
Activity: 714
Merit: 510
April 07, 2013, 04:26:43 PM
#57
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.
It's a transfer of wealth to the Bitcoin community, very good.
By voting with their money, people are transfering the power to us.
Once none of use need to have a day job, we can become entirely dedicated making that revolution happen for good.

Your post is the best most accurate post I've read on this thread. You deserve a Bit-tip.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
April 07, 2013, 03:38:56 PM
#56
I like how people speak of greed as if it is a bad thing.

The more people who put their money into Bitcoin, the more people will start to understand Bitcoin and be willing to use their bitcoins to spend.

Why would you go back to dollars once you understand how Bitcoin works?
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
April 07, 2013, 02:26:30 PM
#55
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.  Grin Grin Grin


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.


legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
April 07, 2013, 02:15:22 PM
#54
I bought the first time at 20USD on the way down, and I held down to 1 and up to now. If it crashes again to 1 or 10 USD I think I would buy quite a lot more, and I expect many here and there would do the same. And that's why it won't happen, unless it crashes due to a new, better and more popular cryptocoin.
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