Topic: How I know that the Bitcoin boat has sailed (Read 15369 times)

Amazing, but you can't be so lucky to call all the top

Lately, there have been, on this forum and elswhere, a number of questions abut the sensibility in putting some or a lot of your savings in Bitcoin.

What that means is that people not knowing much about Bitcoin now are considering it as a longterm investment medium on par with the other options a smal time investor has.

This is of course good news for the market cap, but it's also something that can backfire. Not only on the unlucky investor but also on Bitcoin in general.

The last peak hurt some for sure, including the few that had put a lot of money in Bitcoin late in the game.

If we imagine people in the thousands getting burned like that sometime in a "distant" future in a flash crash, Bitcoin will be blamed as the suspicious asset.
Bank people will love crawling all over the dangers of using and investing in an unbacked currency.

This would be free endorsment for established banking! It may be followed by law suits against exchange businesses and laws against Bitcoin.

So any newb asking for such advice, should be warned by anyone here and elsewhere not to invest more than funny money in Bitcoin.

The fact that anyone asks such a question, should alone be enough to determine that they don't know what they are getting into.

Satoshi warned us once about getting too carried away!

Remember once hearing some casual wisdom on investing, about how if you got into an investment other people had heard about, it was already too late. So yeah, maybe your bitcoin (get rich quick) boat has sailed.

He just thinks the universe revolves around him. lol...

OP so fail.

Do you realize how illogical that statement is ? If 100 men invests randomly, some will become millionaires, some will break even, some will go to the poorhouse, and a host of results in between, it's like tossing a coin, sometimes you get heads 3 times in a row, that doesn't mean you're blessed or if you get 3 tails in a row that doesn't mean you're cursed. It's just statistical variance.

seen on Zerohedge:


http://en.wikipedia.org/wiki/Joseph_P._Kennedy,_Sr.#The_Crash

Oh Fudge.

This time it's different 

This thread is hilarious.  I should probably sell.

Elwar bought back in...  here comes the correction.  $8 here we come!!!  whee!!

You have been incredibly unlucky. I don't mean this in a gloating fashion or anything, but if you had simply held onto those 625 BTC your coins would be well over 15k USD. A 150% gain. I think your, all in, all out mentality has gotten yourself to this point, gradually moving into the market would not have netted you great gains, but it also means you would not've lost so badly either. Your investment sense is way, way, WAY too emotional, I think you should wade back in slowly and gradually. Buying thousands of dollars of coins now as it has been surging for the last couple of weeks is panic buying at it's worst.

That is unless that couple of grand is play money you were going to spend at Vegas anyway, in that case go right ahead! ;P

Just don't look at the exchange rate for 5 years.

Maybe 10 years, actually.

more likely you are at the $400 / oz of gold stage, got in just in time. now just stay strong if you see another opportunity pop up put new money into it instead of the bitcoin $$

OMG!!!
Time to sell.   

better sell at $30 before bubble pop!

Well, it looks like it went way up.

It is February, I just bought $3k worth and am waiting on Dwolla for another $2k.

As per my luck, a crash after I purchase it over $25.

Better acting maybe?
Can't be HD porn, because you can get that for free.

Define 'quality' in terms of pornography?

Free porn sucks... I would gladly pay BTC for a quality porn experience.

porn is free