I'm All In - Sold My House! - page 47.

LordSonjai

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Quote from: chaosknight on September 23, 2014, 07:54:54 AM

Quote from: Tzupy on September 22, 2014, 05:20:32 AM

When he sold his house the price was around 600$. He is underwater, but not yet in the danger zone.
However when the price will drop below 300$ he might feel an irresistible urge to cut his losses and may sell close to the bottom.
If he won't panic sell, he'll still have to wait several months for the price to rise back to 600$.

Everyone is telling me that price is going up and up but I am only seeing down and down from 1.2k level.

yeah bit bit coin is a rollar coaster,It is going to drop down to 100 probably before it picks up again but it is going to pick up again thats all that really matters?right?

Problem is this dude traded his fortune for bit coins so he is going to have to sell some to live,which means he is losing profit. It is basically like getting high off of your own supply. I highly doubt he is still holding 600 coins right now.

Timetwister

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If that means that you are investing all your savings in Bitcoin, you are crazy.

chaosknight

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Quote from: Tzupy on September 22, 2014, 05:20:32 AM

When he sold his house the price was around 600$. He is underwater, but not yet in the danger zone.
However when the price will drop below 300$ he might feel an irresistible urge to cut his losses and may sell close to the bottom.
If he won't panic sell, he'll still have to wait several months for the price to rise back to 600$.

Everyone is telling me that price is going up and up but I am only seeing down and down from 1.2k level.

LordSonjai

full member

Activity: 210

Merit: 100

Quote from: ravenjt on September 22, 2014, 06:25:33 AM

I think the guy is rich and this is nothing more than loose change. He has ten other houses, all larger.
He probably sold his BTC in July, shortly after his last post on this forum.
He said he was concentrating on other projects, meaning that BTC was an irrelevant side show

i isure hope he is siting on 10 houses.

realdope

member

Activity: 70

Merit: 10

Quote from: Tzupy on September 22, 2014, 05:20:32 AM

When he sold his house the price was around 600$. He is underwater, but not yet in the danger zone.
However when the price will drop below 300$ he might feel an irresistible urge to cut his losses and may sell close to the bottom.
If he won't panic sell, he'll still have to wait several months for the price to rise back to 600$.

It is a game of balls. How big are OP's balls? Can he hold breath underwater for a year? Thats the big question here.

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: ravenjt on September 22, 2014, 06:25:33 AM

I think the guy is rich and this is nothing more than loose change. He has ten other houses, all larger.
He probably sold his BTC in July, shortly after his last post on this forum.
He said he was concentrating on other projects, meaning that BTC was an irrelevant side show

Maybe it is Al Gore - AFAIK he hasn't denied it.

ravenjt

full member

Activity: 215

Merit: 100

I think the guy is rich and this is nothing more than loose change. He has ten other houses, all larger.
He probably sold his BTC in July, shortly after his last post on this forum.
He said he was concentrating on other projects, meaning that BTC was an irrelevant side show

Tzupy

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Activity: 2170

Merit: 1094

When he sold his house the price was around 600$. He is underwater, but not yet in the danger zone.
However when the price will drop below 300$ he might feel an irresistible urge to cut his losses and may sell close to the bottom.
If he won't panic sell, he'll still have to wait several months for the price to rise back to 600$.

Mythul

sr. member

Activity: 644

Merit: 250

So he is now homeless ?

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: LordSonjai on September 21, 2014, 09:26:22 PM

Honestly I just want to say this was a very good read.

BIG RISK
=
BIG GAIN
=
BIG LOSS.

Only if the market estimates the risk correctly.

LordSonjai

full member

Activity: 210

Merit: 100

Honestly I just want to say this was a very good read.

BIG RISK
=
BIG GAIN
=
BIG LOSS.

chopstick

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HODL

vipgelsi

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Did he ever sell his bitcoins?

yefi

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Quote from: maker88 on September 19, 2014, 07:52:24 PM

it would make you badass thats for damn sure.

lol, in retrospect, yeah, it would Cheesy

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: picolo on September 19, 2014, 08:11:17 PM

People usually judge if taking the risk was smart or not with the result.

And in so doing perpetrate a common error. What makes a decision smart is based on the information available at the point it was made. If I bet my left kidney on the flip of a coin, I am not dumb if it lands heads but a genius if it lands tails - no, I am dumb right from the very beginning.

marthelo

full member

Activity: 169

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whenebay makes there anouncment he will be laughing

picolo

hero member

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Merit: 500

Quote from: maker88 on September 19, 2014, 07:52:24 PM

Quote from: yefi on September 19, 2014, 06:56:21 PM

Quote from: Newbie1022 on September 19, 2014, 02:09:40 PM

He took a chance, if it turned up he would be a genius.

I saw at least two references to greatness before this. Why does taking a risk and winning make you great? If I jumped into a lion pit and killed a lion, would that make me great or a genius?

it would make you badass thats for damn sure.

Taking calculated smart risks is the way to succeed well but a smart calculated risk is sometimes an emotional bet that end up ruining you or making you lose a lot of time.

People usually judge if taking the risk was smart or not with the result.

maker88

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Activity: 336

Merit: 250

Quote from: yefi on September 19, 2014, 06:56:21 PM

Quote from: Newbie1022 on September 19, 2014, 02:09:40 PM

He took a chance, if it turned up he would be a genius.

I saw at least two references to greatness before this. Why does taking a risk and winning make you great? If I jumped into a lion pit and killed a lion, would that make me great or a genius?

it would make you badass thats for damn sure.

KLD

newbie

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<<<< Under my name, THE BIG SHORT

yefi

legendary

Activity: 2842

Merit: 1511

Quote from: Newbie1022 on September 19, 2014, 02:09:40 PM

He took a chance, if it turned up he would be a genius.

I saw at least two references to greatness before this. Why does taking a risk and winning make you great? If I jumped into a lion pit and killed a lion, would that make me great or a genius?

Topic: I'm All In - Sold My House! - page 47. (Read 112616 times)