Topic: I'm a bear and proud - page 5. (Read 5197 times)

----

"I'm a bear and proud(hon)."

Anyways, my sig is waiting for you.

I know. But I bet u and ur friend didn't think about other $12 (2 years ago), otherwise u wouldn't LOLed.

LOL so i'm dumb because I proved OP to be an idiot on his call of being an early adopter?

It's all in perspective lol.

$12 was just this past december too Genius.

Let me tell you a little story. When my mommy was just a wee, bitty little girl, she could walk down to the corner store and buy an ice cream treat for 5 cents. That's right... just 5 cents!

Nowadays, if she drove her huge gas guzzling vehicle 5 miles to the ice cream stand she'd pay about 500 cents.

*GASP,* you say, 5 HUNDRED  whole cents? That's preposterous!

Now, I can see the reactions (these are fake quotes, obviously, but based on these folks' behavior, they totally would say this ):


Now, we just say "It costs 5 dollars." It makes people happier. Just move a couple decimal places.

12$ was 2 years ago. Voktar and smoothie, u r so dumb, LOL.
(http://www.imdb.com/title/tt0109686/, u got it )

And the fact there wont be 21 million Bitcoins mined in this century. Or the fact there is probably huge amount of coins lost forever and there will be some much more lost coins when non-tech-savy people come into Bitcoin. Total number of Bitcoins in circulation might be suprisingly little.

I love how every day there is another JUNIOR member claiming prices to fall to $5X.XX or lower or that they sold and the price and sky will fall because they think this or that. 

This ^

OP is an idiot. I've been around bitcoin longer than him and I really don't consider myself an early adopter. The prices I got were in the range of $4.80 to $13.40.

OP is another junior member who fails lol  

So, you don't think there are more than 21 million people out there willing to put $100 of their money into bitcoin long term? Because that's all that is needed to sustain the current price. Nevermind the big money speculators ontop of that.

Although I agree with the general sentiment in your post, I would definitely argue that anyone invested in Bitcoin at this time is an early adopter. In a few years anyone who got in below $1k/BTC will be looked at in awe.

Honestly you are making yourself look foolish.  Your bear posts are nothing but a joke.

You've got nothing on electricmucus, proudhon, lucif and the rest.  those are real bears.

So not only are you not an early adopter, you're also unable to read charts. If you wait 6 months, the price of bitcoin increases. There is one notable DCA range where you could have bought in (during the $32 bubble) and still suffered a significant loss 6 months later. You could argue that the $260 ATH will not be reached so people who bought in then will have suffered a loss in 6 months. But the number of people with DCAs in that range is so small, it hardly supports your stated case.

Furthermore, you suffer from not only "tunnel vision," but also "America Syndrome." We see in many cases countries where hyperinflation happens overnight. In Argentina, even with the fluctuation in bitcoin prices, at least there's a solid chance of retaining value compared to the Peso, which is depreciating at 10-35% per year depending on whose figures you trust. And of course we have multiple countries introducing legislation to provide for legal confiscation of uninsured electronic fiat. But in America, it's always "Lol, that would never happen here. I'm an American, in America that would never happen" In America you don't buy gold, silver, or bitcoins because those are silly whackjob volatile investments that could never compete with the stability of FIAT currency.
If your point is -
In the short term, fiat is a much safer investment than P2P cryptocurrencies, gold, or silver -
Then I agree. Absolutely no doubt.
But the following -
In the long term, fiat is a much safer investment than P2P cryptocurrencies, gold, or silver
 -That's up in the air, considering current monetary policy environment.

It's always nice to have a hedge. Hedges aren't always safe when what you're hedging against appears to be safe; that's the nature of the beast. Don't sell ALL your coins. Keep a few. The rest, sell to me on the cheap

That's right, everyone is disagreeing with you because you are right...

oh i love the flock of bulls charging

however, i knew that, however bitcoin works jsut aswell being 10 dollars as 1000 dollars, due to 10 to the power of 7 creating alot of dough in bitcoin yet the inflation of price would ust be speculative, so yes 1000 dollars would get you burnt as it could operate at 100 dollars just aswell

Out of all the reasons to be bearish on bitcoin, your reasoning stems from your lack of understanding of the currency. Shame really.

100% proof that this Junior Profile "early adopter" has no idea what he's talking about. This is a classic example of the psychological barrier of a price of "1 whole bitcoin." It doesn't matter whether you buy 1 whole bitcoin or a piece of a bitcoin or 2 and 3/17ths of a bitcoin. The fact that OP is hung up on the "whole bitcoin = $$X" issue is a dead giveaway that he doesn't really understand bitcoin.

Individuals don't have to risk $1000 of their hard earned cash because "one whole bitcoin" doesn't matter. They can risk $200 or $5 or $5,000,000.

$1000 per One Whole Bitcoin is "unreachable," so what IS reachable? $1000 CAD for 3 bitcoins? 10000 JPY for one millibitcoin? $175 for 0.75 bitcoins? 3,000,000 pesos for a kilobitcoin? 14 remnibi for one satoshi? Take a discrete math class, for god's sake, this is all psychological.

In the code, bitcoin values do not even have a decimal place. They are just a big long string of integers. The decimal place is put in where it is for easy readability, and obviously in its infancy, one bitcoin being worth 50 cents or 1.75 was not psychologically outrageous. In the same way that some large companies split stocks to avoid the psychological barrier of a large stock value, using mBTC or smaller values solves the same problem. The whole number before the decimal DOES NOT MATTER! It is purely psychological. The fact that you do not understand this shows how likely it is that you are really an "early adopter," as the true early adopters tend to have done their research on the concept before buying in. 

Did you say you bought at $12?

So you're not really an "early adopter." You bought in a few months ago and are calling yourself an "early adopter." Lol.

i rest my case

the difference with that , is that the bitcoin price fluctuates!, by the time you recieved the bitcoins, the coins have either gone up or down by 10 dollars or something, however with fiat, if you did wait 6 months, the value of the fiat will remain relatively the same, so yes  one hour confirmations is a big deal