Author

Topic: [GUIDE] The Big Guide to Common Bitcoin Investing Faux Pas (Read 1976 times)

hero member
Activity: 745
Merit: 501
Nice spreadsheet tool - do you or anyone know of a simple Gdoc sheet to update balances from blockchain.info addresses? or does yours do that?

You could have asked in the thread

=BlockchainBalance("Address")
legendary
Activity: 1498
Merit: 1000
Nice spreadsheet tool - do you or anyone know of a simple Gdoc sheet to update balances from blockchain.info addresses? or does yours do that?
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
Good one, Namworld

You forgot my favourite. Noobs and not so noobs are screaming: "Screw the reports and balance sheets! Go back to NASDQ if you need reports. This is bitcoin!"  and so on and on Smiley

Or the really retarded one from the gypsy joker (has no idea how and why accounting works) "I invented my own reporting and accounting system. This is the new standard for BTC!"

LOL!
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
Uninformed, or This is just a pass-through?

This is related to number illiteracy. A company is listed for example on MPEx at price X, but people are buying shares of company-PT at 2X or 3X, or 10X in some cases.

Speaking of which, Namworld, don't you have some BBET to arbitrage?
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
But its a fun rollercoaster XD
Bumping  Grin
full member
Activity: 140
Merit: 100
hero member
Activity: 745
Merit: 501
Hi namworld i would like to buy 100btc worth

I'll print you 100000 pamphlets with this helpful guide printed on.
sr. member
Activity: 253
Merit: 250
Hi namworld i would like to buy 100btc worth
legendary
Activity: 2912
Merit: 2066
Cashback 15%
research? ain't no time for that!
full member
Activity: 196
Merit: 100
legendary
Activity: 1106
Merit: 1024
Great post. Push for visibility! Smiley
hero member
Activity: 745
Merit: 501
Circlejerking, or the time everyone became rich at the same time
Quote
I've made 1000% ROI in a few weeks. This proves I'm good and that this asset is a professional one. Every other investor in this asset agrees with me how smart we are.

I've seen that one far too often. Every buyer holds, because prices are rising fast, because buyer holds, because prices are rising fast, etc. etc. Everyone self-congratulates themselves on making such a nice profit and how everyone made 10x their investment and thus constantly recommends it to everyone else.

Then suddenly one person cashes out 100 BTC and everyone's investment halves in value. A bad case of 100 000 BTC common profit becomes 50 000 BTC profit after 100 BTC is cashed out.

Commonly known in the real world as: "The Financial Bubble"
Last seen: "Making multiple appearances on the USD/BTC rate and on various stocks"
......................................
Cluelessness, or the time BTC stocks were a casino

Quote
I bought X/Y for Z BTC. Was it a good purchase? What is it they do?

Random purchasing at random prices.

Commonly known in the real world as: "The Novice Penny Stock Trader"
Last seen: "Taking a stroll on IRC channels and Reddit"
......................................
Restlessness, or the time nobody had time for that

Quote
20:14:30 [BTC-FAKE] SELL 2 @ 1.50
20:14:42 [BTC-FAKE] BUY 2 @ 1.90
20:14:55 [BTC-FAKE] SELL 1 @ 1.49
20:15:25 [BTC-FAKE] BUY 5 @ 1.92
20:16:32 [BTC-FAKE] SELL 3 @ 1.51

Big prices gaps? Let's just do market order and skip the waiting time. Nevermind that I'm overpaying/underselling by 25% for not waiting a few minutes.

Commonly known in the real world as: "The Thing Stock Traders Hope Were a Real Thing"
Last seen: "Appearing 24/7 at your local BTC stock market"
......................................
Number illiteracy, or the time 1 and 0.01 were the same thing

Quote
Our fund will raise 100 BTC with 100000 shares for 0.001 BTC each.

10 seconds after IPO and following week: 0.01 BTC trading price.

A fund worth 100 BTC of various assets is worth 1000 BTC.

Commonly known in the real world as: "The Thing Option Traders Hope Were a Real Thing"
Last seen: "Moving across some desert found within HavelockInvestments.com"
......................................

If you have other such comical situations worth mentioning, I'll make a humoristic entry about it.


TOOLS
Google Spreadsheets auto-updating portfolio JSON functions
Bitcoin Price Alarm

Jump to: