I'm All In - Sold My House! - page 64.

kkaspar

full member

Activity: 140

Merit: 100

banned but not broken

Quote from: inca on March 10, 2014, 12:54:31 PM

Quote from: kkaspar on March 10, 2014, 11:19:45 AM

I hope you didn't like the house very much and you own another place to live. It would be stupid gamble if you actually sold your home and moved into an rental, just to gamble with bitcoins. At the current situation, it would make more sense to play the money at the roulette table, since probability tends to lean more and more to the bitcoin price dropping.
I would recommend to sell your bitcoins now and buy back when there is more certainty that the price will actually rise.

I am sure I am not the only lurker who finds the constant fud spreading perma bears (kkaspar, igorr, matthecat etc) highly transparent and more than a bit irritating. You aren't fooling anyone guys. Maybe try reddit or something.

You are irritated because there is very little buying interest for bitcoin, so you aren't earning the wealth that you hoped for. Don't blame me for this, I didn't cause this. It was Mark Karpales and the passive emus of the bitcoin community that turned buying bitcoin into a joke.

Gonzo418

newbie

Activity: 38

Merit: 0

Wish you all the luck in the world!
I also hope they'll rise and that I can make a living out of it. But sadly you need money to make money.

dyland

full member

Activity: 238

Merit: 100

We must become the pitiless censors of ourselves.

Only time will tell if this was idiotic or prescient.

The technology behind bitcoin I think at this point is unassailable. My main worry is that the bitcoin as the de facto arbiter of this technology will take too many beatings in the public eye before it can grow its wings. In the meantime, something else could come along that gains traction quickly with no negative media and starts to outpace BTC.

Bitcoin is a brand of a service, and brands live and die on human perceptions. The technology behind it is not a brand, however, and it is more shielded from the vagaries of public sentiment.

I think what we have right now is a conflation of the brand "Bitcoin" and the technology behind it. Right now it is synonymous with the technology, and that helps prop up its value--in fact, I think it is the main determinant of its value. If "bitcoin" does not become "kleenex" or "q-tip", it won't last.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: kkaspar on March 10, 2014, 11:19:45 AM

I hope you didn't like the house very much and you own another place to live. It would be stupid gamble if you actually sold your home and moved into an rental, just to gamble with bitcoins. At the current situation, it would make more sense to play the money at the roulette table, since probability tends to lean more and more to the bitcoin price dropping.
I would recommend to sell your bitcoins now and buy back when there is more certainty that the price will actually rise.

I am sure I am not the only lurker who finds the constant fud spreading perma bears (kkaspar, igorr, matthecat etc) highly transparent and more than a bit irritating. You aren't fooling anyone guys. Maybe try reddit or something.

Ibian

legendary

Activity: 2268

Merit: 1278

Another one hits the ignore list. I never used that before coming here.

kkaspar

full member

Activity: 140

Merit: 100

banned but not broken

Quote from: Dragonkiller on March 10, 2014, 11:45:23 AM

Quote from: kkaspar on March 10, 2014, 11:19:45 AM

I hope you didn't like the house very much and you own another place to live. It would be stupid gamble if you actually sold your home and moved into an rental, just to gamble with bitcoins. At the current situation, it would make more sense to play the money at the roulette table, since probability tends to lean more and more to the bitcoin price dropping.
I would recommend to sell your bitcoins now and buy back when there is more certainty that the price will actually rise.

Idiot.

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: kkaspar on March 10, 2014, 11:19:45 AM

I hope you didn't like the house very much and you own another place to live. It would be stupid gamble if you actually sold your home and moved into an rental, just to gamble with bitcoins. At the current situation, it would make more sense to play the money at the roulette table, since probability tends to lean more and more to the bitcoin price dropping.
I would recommend to sell your bitcoins now and buy back when there is more certainty that the price will actually rise.

Idiot.

st4nl3y

legendary

Activity: 1050

Merit: 1000

Quote from: Mythul on March 10, 2014, 12:05:58 AM

Just HODL ! You are going to be rich !

MagicalTux would say... more or less

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: Mythul on March 10, 2014, 12:05:58 AM

Just HODL ! You are going to be rich !

^^ That's the mantra of the bitcoin cultists!

There will be blood! ( or champagne Roll Eyes

)

kkaspar

full member

Activity: 140

Merit: 100

banned but not broken

I hope you didn't like the house very much and you own another place to live. It would be stupid gamble if you actually sold your home and moved into an rental, just to gamble with bitcoins. At the current situation, it would make more sense to play the money at the roulette table, since probability tends to lean more and more to the bitcoin price dropping.
I would recommend to sell your bitcoins now and buy back when there is more certainty that the price will actually rise.

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: MatTheCat on March 10, 2014, 09:49:00 AM

Quote from: sgbett on March 10, 2014, 08:48:16 AM

You are a slave to your own assumptions......

Ahem.

Will have to stop you right there and remind you that the OP stated that he was 'all-in'.

'All-in' to me, sounds like every spare bit of capital that he has. Wouldn't you agree?

Sure, I'll agree, because whats most important is that you are right. So long as you are right, who gives a damn about anything else. Roll Eyes

Vigil

sr. member

Activity: 378

Merit: 250

There are obviously risks with Bitcoin, I just don't think the risks are as great as some of you would like to pretend they are in the name of being on the safe side.

Paashaas

legendary

Activity: 3512

Merit: 4557

Quote from: MatTheCat on March 09, 2014, 04:47:04 PM

Quote from: sgbett on March 09, 2014, 03:45:23 PM

Do remember to come back in three years time and post about how lucky this guy was.

totally different scenario to the early adopters in many ways....

....not least of all that you or I could have become near millionaires by investing a small amount of capital. As it turns out, you invested an absolute pittance and I invested jackshit/spent all my single digit Bitcoins on Silk Road.

This guy is investing a small fortune. Totally different fkn ball game at a totally different phase of Bitcoins development. Can you really say that we aren't yet going to test the $266 April 2013 high? I doubt it, but with Bitcoin anything is possible so I wouldn't be writing that off.

Bitcoin is overblown. Simple as that. Hyper-inflated value derived from from a speculative mania based entirely upon hoarding, restricted supply, and lack of market liquidity. Reverse any of these factors (such as having around 500K stolen coins looking to convert themselves into USD and Bitcoin could easily go in the opposite extreme.

Bitcoin might go to $5K within the next 18 months. But it also may just hit the $200s, or even less depending on how some totally unpredictable events happen to play out. As they say, don't go putting yer house on it.

Again one of those typical guy who thinks that Bitcoin will not grow and stays where is stays from now. Very short thinking, totally no clue how technology rolls out.

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: sgbett on March 10, 2014, 08:48:16 AM

You are a slave to your own assumptions......

Ahem.

Will have to stop you right there and remind you that the OP stated that he was 'all-in'.

'All-in' to me, sounds like every spare bit of capital that he has. Wouldn't you agree?

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: MatTheCat on March 09, 2014, 04:47:04 PM

Quote from: sgbett on March 09, 2014, 03:45:23 PM

Do remember to come back in three years time and post about how lucky this guy was.

totally different scenario to the early adopters in many ways....

....not least of all that you or I could have become near millionaires by investing a small amount of capital. As it turns out, you invested an absolute pittance and I invested jackshit/spent all my single digit Bitcoins on Silk Road.

This guy is investing a small fortune. Totally different fkn ball game at a totally different phase of Bitcoins development. Can you really say that we aren't yet going to test the $266 April 2013 high? I doubt it, but with Bitcoin anything is possible so I wouldn't be writing that off.

Bitcoin is overblown. Simple as that. Hyper-inflated value derived from from a speculative mania based entirely upon hoarding, restricted supply, and lack of market liquidity. Reverse any of these factors (such as having around 500K stolen coins looking to convert themselves into USD and Bitcoin could easily go in the opposite extreme.

Bitcoin might go to $5K within the next 18 months. But it also may just hit the $200s, or even less depending on how some totally unpredictable events happen to play out. As they say, don't go putting yer house on it.

You are a slave to your own assumptions. You constantly talk in absolute terms "small amount of capital", "small fortune" ... by who's standards? What that $300k would mean to you in your personal position, isn't the same as what it would mean to other people.
. How do you know what this guys circumstances are, I am fairly sure from the way the story was phrased this house was *spare*. So why is he "out of his mind" exactly?

Until you can see the world from other people's points of view you are about the least qualified person on here to make judgements about anything. You are hamstrung by your own belief that the way you see the world is the way it is.

I would have thought that someone who spent so much money on silk road would have a deeper understanding of the essential nature of things and the role of their own perception in understanding the universe around them.

knightcoin

full member

Activity: 238

Merit: 100

Stand on the shoulders of giants

Quote from: koryu on March 10, 2014, 07:31:28 AM

whatever will happen, this thread will be up'd again.

i wouldnt be surprised if 1 btc will be 10000$ but i also wouldnt be surprised if 1 btc will be 10$ again.
but i would be surprised if there were no decentralized currency in 10 years.

good luck

+000 or ~~000~~

philosophizing with my noodles (1010101001010 ) lol ...zeropoint of crypto maths ... Roll Eyes

depends of how fast its converge to central point, if you decide that there is a central point ...

koryu

hero member

Activity: 681

Merit: 507

whatever will happen, this thread will be up'd again.

i wouldnt be surprised if 1 btc will be 10000$ but i also wouldnt be surprised if 1 btc will be 10$ again.
but i would be surprised if there were no decentralized currency in 10 years.

good luck

Xenophis

newbie

Activity: 33

Merit: 0

I will be waiting for the next ATH when this article / sale will resurface and make headlines. Not a bad time to take the plunge into BTC, good luck!

knightcoin

full member

Activity: 238

Merit: 100

Stand on the shoulders of giants

Pehaps OP went all-in because his believes that bitcoin is the fact a new model to build finance systems, not excacly because greed only ...

Hope he is rigth, hope ...

"we're building a house on the cliff" Matthew 7.24

Water Symbolism
http://youtu.be/BT1Za7dHxmM

OP: Dream is important, but dont let dreams takes you complete out of reality, I think in one year time is fair enougth have check, check before go all-in. Wish you lucky Wink

Ibian

legendary

Activity: 2268

Merit: 1278

Alts are already priced in, so big deal there. Facebook stocks have aspects of a pyramid scheme. This has been debated far too many times and is a boring argument. And the fiat economy is a ponzi.

Topic: I'm All In - Sold My House! - page 64. (Read 112579 times)