Topic: I call myself out of this game. (Read 4656 times)
You never know whether cashing out was profitable, until you have squandered away all the money. Before that, it's always speculation, and fortunes do change.
You took profit. That's a win whichever way you slice it.
True. Should've moved all that profit straight into bitcoin though. Yeah we're all so smart in the future
Instead stuck in some crappy chinese stock that may takes years to recover. 
I may have only been 11, but I saw a good thing coming.
I feel even better about Bitcoins though, long term.
And you still hold? Congratulations then. I'm still bitter at myself for exiting at 400.
You took profit. That's a win whichever way you slice it.
When I first heard about bitcoin, I could have bought it, lol. No, seriously, I could have bought maybe 5% of the supply and drive the price up 10000%.
Too bad, somebody else did. I suffer the consequences.
Too bad, somebody else did. I suffer the consequences.
my main argument was that during the run up of apple and google there were people who said exactly this
im saying bitcoin is similar, you still wanna throw that bet down you never replied to that you nancy
No, I never had the money to buy the entire market cap of either Apple or Google. With Bitcoin, many of us did. Now THAT is a remorse.
The market cap is an illusion anyway. If you sold all bitcoins, you would get much less than the market cap, if you bought all bitcoins it would cost you much more (many, many times more) than the market cap.
Sure you do.
You should ask for a ride.
I may have only been 11, but I saw a good thing coming.
I feel even better about Bitcoins though, long term.
And you still hold? Congratulations then. I'm still bitter at myself for exiting at 400.
google stock only went up 7.8 times up, so no, nobody missed nearly as much as with bitcoins
Missed?
I may have only been 11, but I saw a good thing coming.
I feel even better about Bitcoins though, long term.
<...>
Here is a slightly more updated technology adoption chart.
It makes the point that newer technologies have a faster mass adoption phase.
Bticoin is the newest of all. Even nanotechnology has an earlier beginning.
This also fits in with Ray Kurzweil's observation that technological progress is exponential.
So, OP is afraid that he'll make too much money?
Afraid of easy money. Bitcoin looks like to be easy money right now, and that to me looks like the biggest red alert for a bubble to explode.Price keeps doubling... Everyone will be rich soon.
So you expect a consolidation soon?
Asset prizes tend to grow from undervalued to overvalued (at that time) and then either consolidate to a lower price (where people absorb loses) or stay at a higher price point until the valuation has caught up (which means the bubble didn't pop).
Anyway - if you're longterm bullish, it always makes sense to buy more bitcoin - but at a constant USD amount per month.. Buying leveraged is gambling.
When I first heard about bitcoin, I could have bought it, lol. No, seriously, I could have bought maybe 5% of the supply and drive the price up 10000%.
Too bad, somebody else did. I suffer the consequences.
Too bad, somebody else did. I suffer the consequences.
my main argument was that during the run up of apple and google there were people who said exactly this
im saying bitcoin is similar, you still wanna throw that bet down you never replied to that you nancy
No, I never had the money to buy the entire market cap of either Apple or Google. With Bitcoin, many of us did. Now THAT is a remorse.
Here is a slightly more updated technology adoption chart.
It makes the point that newer technologies have a faster mass adoption phase.
Bticoin is the newest of all. Even nanotechnology has an earlier beginning.
So, OP is afraid that he'll make too much money?
Afraid of easy money. Bitcoin looks like to be easy money right now, and that to me looks like the biggest red alert for a bubble to explode.Price keeps doubling... Everyone will be rich soon.
So you expect a consolidation soon?
Asset prizes tend to grow from undervalued to overvalued (at that time) and then either consolidate to a lower price (where people absorb loses) or stay at a higher price point until the valuation has caught up (which means the bubble didn't pop).
Anyway - if you're longterm bullish, it always makes sense to buy more bitcoin - but at a constant USD amount per month.. Buying leveraged is gambling.
I guess the demographic here is early bitcoin adoptors
You are not to bright if you thought that was my main point
Not quite bright yourself, or maybe unfamiliar with markets, if you think GOOG play was a "chance of millions from almost nothing". No, it never was. I know you just can't pick the words right, but don't make that my problem suddenly.
google stock only went up 7.8 times up, so no, nobody missed nearly as much as with bitcoins
You are not to bright if you thought that was my main point
When I first heard about bitcoin, I could have bought it, lol. No, seriously, I could have bought maybe 5% of the supply and drive the price up 10000%.
Too bad, somebody else did. I suffer the consequences.
Too bad, somebody else did. I suffer the consequences.
my main argument was that during the run up of apple and google there were people who said exactly this
im saying bitcoin is similar, you still wanna throw that bet down you never replied to that you nancy
But what will happen to the random guy that invested more than he can lose @ 20$?
That person will learn a valuable, albeit painful, lesson and hopefully will not repeat that mistake in the future.
How many people spend $20 on cigarettes, or a horse race, or a bottle of whiskey?
All these are more of a "mistake" than an investment with a possibility/probability of making a profit. You can't be worried about other people's decisions.
But what will happen to the random guy that invested more than he can lose @ 20$?
That person will learn a valuable, albeit painful, lesson and hopefully will not repeat that mistake in the future.
Just hold onto 50btc. 1 block. 1/420,000. Then if bitcoin lifts off, you're rich.
I have more and I will hold them for the next 20 years. Because I belive.But what will happen to the random guy that invested more than he can lose @ 20$? A lot of people will be hurted by this bubble, this is why I don't want to invest now and I call myself out.
You call yourself out, but hold more than 50. So you don't listen to yourself? You have to yell louder.
Just hold onto 50btc. 1 block. 1/420,000. Then if bitcoin lifts off, you're rich.
I have more and I will hold them for the next 20 years. Because I belive.But what will happen to the random guy that invested more than he can lose @ 20$? A lot of people will be hurted by this bubble, this is why I don't want to invest now and I call myself out.
If you think this is a bubble, and if you have bitcoin savings, the rational thing to do would be to sell part of your bitcoins on the way up, and buy them back once the bubble pops.
That would help to dampen the bubble.
By "calling yourself out" you are neither helping yourself nor the bitcoin economy.
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