I am done with Bitcoin! - page 4. | Bitcointalksearch.org

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: Hfleer on August 14, 2014, 08:03:07 PM

It just goes down and down. I am out of 30% of my investment. This technology sucks.

You guys fucked me over big time, convinving me that this was real. It was a fad all along. Ponzi scheme at its best!

Sold all at 550-510 levels. I am out. Done. Bye.

(would a retard say)

Nice one
Now were just having Veronica moments all over the forum for fun XD
Always read the small print

nuff

sr. member

Activity: 266

Merit: 250

Got me there, almost. About to call OP Veronica till I read the small print.

r3wt

hero member

Activity: 686

Merit: 504

always the student, never the master.

Quote from: williamj2543 on August 14, 2014, 10:21:34 PM

Quote from: lemfuture on August 14, 2014, 10:20:20 PM

atleast keep 1 BTC and forget it, who knows in another decade it could turn your life around

Good idea, one day it may be worth 1 million dollars.

but with inflation....

williamj2543

hero member

Activity: 588

Merit: 500

Get ready for PrimeDice Sig Campaign!

Quote from: lemfuture on August 14, 2014, 10:20:20 PM

atleast keep 1 BTC and forget it, who knows in another decade it could turn your life around

Good idea, one day it may be worth 1 million dollars.

lemfuture

hero member

Activity: 686

Merit: 500

atleast keep 1 BTC and forget it, who knows in another decade it could turn your life around

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: Newbie1022 on August 14, 2014, 10:15:41 PM

Quote from: jonald_fyookball on August 14, 2014, 10:09:35 PM

Quote from: Newbie1022 on August 14, 2014, 09:02:58 PM

It feels scammy because Wall Street entered the game... note the professional trading algos that are intentionally targeting out key resistance points. There is a ton of market manipulation right now.

Wall Street entering the game is a good thing. "Scammy" feeling is your own pre-conceived judgements.
Professional trading algos are part of a modern market , get over it.
What you call "market manipulation" I call "normal market activity".

First, this is just a rude comment. Second, if they did what they did last night on Wall Street... even with how rarely people in Wall Street go to prison... they'd be in prison. They oversold on purpose to fool bots which isn't allowed. That's not trading. It's more akin to robbery.

Is it something that is here to stay? Sure. Is Wall Street entering a good thing? It's a thing. More potential money, but also more bulls---.

Professional trading algos, in general, are wonderful. Last night was sabotage.

Well I apologize if I was rude.

But I disagree. Anyone is allowed to sell (or buy) as much as they want,
and that happens all the time... That's a free market. The bitcoin market
is just small and easily "manipulated".

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: jonald_fyookball on August 14, 2014, 10:09:35 PM

Quote from: Newbie1022 on August 14, 2014, 09:02:58 PM

It feels scammy because Wall Street entered the game... note the professional trading algos that are intentionally targeting out key resistance points. There is a ton of market manipulation right now.

Wall Street entering the game is a good thing. "Scammy" feeling is your own pre-conceived judgements.
Professional trading algos are part of a modern market , get over it.
What you call "market manipulation" I call "normal market activity".

First, this is just a rude comment. Second, if they did what they did last night on Wall Street... even with how rarely people in Wall Street go to prison... they'd be in prison. They oversold on purpose to fool bots which isn't allowed. That's not trading. It's more akin to robbery.

Is it something that is here to stay? Sure. Is Wall Street entering a good thing? It's a thing. More potential money, but also more bulls---.

Professional trading algos, in general, are wonderful. Last night was sabotage.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: Newbie1022 on August 14, 2014, 09:02:58 PM

It feels scammy because Wall Street entered the game... note the professional trading algos that are intentionally targeting out key resistance points. There is a ton of market manipulation right now.

Wall Street entering the game is a good thing. "Scammy" feeling is your own pre-conceived judgements.
Professional trading algos are part of a modern market , get over it.
What you call "market manipulation" I call "normal market activity".

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: johnyj on August 14, 2014, 09:45:52 PM

If you know investment, you should already know the first rule of investment is to never sell when price drops

That is assuming the price won't keep dropping. For instance, people who sold in the middle of the flash crash that had several waves... they never stood a chance. Also, the question is whether it is a temporary drop or something sustained. Finally, a drop, if it gets to be substantial enough, can present a huge set back that is not so easily bounced back from. We aren't in that land yet, but if we keep going... all I can say is I understand if people make panicked decisions.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

If you know investment, you should already know the first rule of investment is to never sell when price drops

STT

legendary

Activity: 4102

Merit: 1454

If the only interest in a product was the price, then why the heck would you have stayed this long. When else is that true, I dont care about the stereo, how it sounds; No its the price and if it gets alot cheaper or too expensive then I no longer want it. Really doesnt make sense and if you are a trader then maybe you should have leveraged a short sale or you just got it wrong, again thats no reflection on the product itself. Its not a share ?

Quote

Someone must see Bitcoin as investment

They dont have to. Its more important people see bitcoin as secure and useful to them in their normal business. If its not useful then it deserves to go down in price, it really is a secondary consideration though

Investment comes in actual work done. If you invest in infrastructure, the technology, the design and operation of the hashing then you made an investment. If you bothered to setup a pool, invest in servers then you were relying on this business to return positively.
Thats real investment, speculation can be anything and when you sold bitcoin I would suggest you look to what currency you have just bought because you are always in the game whatever you do

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: Hfleer on August 14, 2014, 08:14:48 PM

Quote from: ForgottenPassword on August 14, 2014, 08:06:52 PM

Quote from: Hfleer on August 14, 2014, 08:03:07 PM

my investment

This is one of the big problems I see. Lots of people think Bitcoin is some kind of "investment scheme", it's not. Would you "invest" your money by depositing it into PayPal? Bitcoin is a replacement for PayPal. Use it just like you would PayPal. If you need to accept or send a payment to/from someone over the internet, then use bitcoin. Buying bitcoins to speculate on the value is gambling, not investing.

ps. I'm not blind, I was just speaking generally as I continually hear people refer to their bitcoin "investment".

I think I have to disagree there.

Sure, bitcoin in itself shouldn't be used to "invest" but it is an inevital consequence of the fact that SOMEONE needs to hold all BTC at all time. This is different to FIAT that supply can be manipulated by an authority. So bitcoin can't only be used for currency by design.

That leads to a big advantage. As apposed to FIAT, Bitcoin is an excellent Store of value. While fiat will have a very high COMPOUNDED inflation rate, bitcoins inflation rate is predetermined and nocompounding, but rather decreasing till infinetisemal small inflation.

In conclusion: Someone must see Bitcoin as investment, otherwise the whole technologie wouldn't be able to serve its purpose as store of value and currency.

It feels scammy because Wall Street entered the game... note the professional trading algos that are intentionally targeting out key resistance points. There is a ton of market manipulation right now. I actually predicted the crash and still managed to lose 5%. If you buy back in... walk away for a while. When you buy back, make sure you confirmed a bottom (a mistake I've made multiple times)... don't worry about catching the entire rally up... if you catch part of it that's good enough. Finally, set a fixed sell point and don't touch it thereafter (and be reasonable... 5 or 10%... (maybe 20% if you feel ballsy) you can always reassess at that time). What happens is people not only take the ride up, but they also take the ride down. Unless you are a true hodler who thinks this is going to $50,000 (spoiler alert... it's not going to do that), you're just trying to make some quick money and providing liquidity for a potentially cool idea. That's all.

BUT, don't listen to these guys about how you'll be able to retire on this... that's bulls---. You are either donating money to the cause or trying to make 5 to 20% quick and reassessing. Repeat... don't let mission creep intervene (way easier said than done).

vuduchyld

sr. member

Activity: 364

Merit: 250

Decent post, but it could have been better:

--could have used more exclamation points to signify gnashing and wailing
--instead of "sold all" should have said "sold both" of my bitcoin

Still, I admit I did a double take because I have seen the user name make some really good posts before!

Benjig

sr. member

Activity: 462

Merit: 250

Quote from: Hfleer on August 14, 2014, 08:03:07 PM

It just goes down and down. I am out of 30% of my investment. This technology sucks.

You guys fucked me over big time, convinving me that this was real. It was a fad all along. Ponzi scheme at its best!

Sold all at 550-510 levels. I am out. Done. Bye.

(would a retard say)

before reading the small words anyway i dint believe what you are said because i looked up for the date you registered at the forum.. anyway this could seem like a joke but there is one guy who opened a topic saying this.

Hfleer

sr. member

Activity: 448

Merit: 250

Changing avatars is currently not possible.

Quote from: ForgottenPassword on August 14, 2014, 08:06:52 PM

Quote from: Hfleer on August 14, 2014, 08:03:07 PM

my investment

This is one of the big problems I see. Lots of people think Bitcoin is some kind of "investment scheme", it's not. Would you "invest" your money by depositing it into PayPal? Bitcoin is a replacement for PayPal. Use it just like you would PayPal. If you need to accept or send a payment to/from someone over the internet, then use bitcoin. Buying bitcoins to speculate on the value is gambling, not investing.

ps. I'm not blind, I was just speaking generally as I continually hear people refer to their bitcoin "investment".

I think I have to disagree there.

Sure, bitcoin in itself shouldn't be used to "invest" but it is an inevital consequence of the fact that SOMEONE needs to hold all BTC at all time. This is different to FIAT that supply can be manipulated by an authority. So bitcoin can't only be used for currency by design.

That leads to a big advantage. As apposed to FIAT, Bitcoin is an excellent Store of value. While fiat will have a very high COMPOUNDED inflation rate, bitcoins inflation rate is predetermined and nocompounding, but rather decreasing till infinetisemal small inflation.

In conclusion: Someone must see Bitcoin as investment, otherwise the whole technologie wouldn't be able to serve its purpose as store of value and currency.

ForgottenPassword

full member

Activity: 154

Merit: 100

Quote from: Hfleer on August 14, 2014, 08:03:07 PM

my investment

This is one of the big problems I see. Lots of people think Bitcoin is some kind of "investment scheme", it's not. Would you "invest" your money by depositing it into PayPal? Bitcoin is a replacement for PayPal. Use it just like you would PayPal. If you need to accept or send a payment to/from someone over the internet, then use bitcoin. Buying bitcoins to speculate on the value is gambling, not investing.

ps. I'm not blind, I was just speaking generally as I continually hear people refer to their bitcoin "investment".

blumangroup

sr. member

Activity: 350

Merit: 250

'Slow and steady wins the race'

Quote from: Hfleer on August 14, 2014, 08:03:07 PM

It just goes down and down. I am out of 30% of my investment. This technology sucks.

You guys fucked me over big time, convinving me that this was real. It was a fad all along. Ponzi scheme at its best!

Sold all at 550-510 levels. I am out. Done. Bye.

(would a retard say)

HAHAHAHAHAHAHA! You actually rustled my jimmies for a second there. Good job buddy! But seriously, anyone that's flipping out over the current trend doesn't understand how longterm investments work.

Hfleer

sr. member

Activity: 448

Merit: 250

Changing avatars is currently not possible.

It just goes down and down. I am out of 30% of my investment. This technology sucks.

You guys fucked me over big time, convinving me that this was real. It was a fad all along. Ponzi scheme at its best!

Sold all at 550-510 levels. I am out. Done. Bye.

(would a retard say)

Topic: I am done with Bitcoin! - page 4. (Read 5038 times)