Topic: I'm Out - page 7. (Read 8651 times)

There are many things that can stop crypto - anything from Internet failure to solar flare EMP to power grid failure to quantum computer hacking. The point is that these things will stop almost everything else at the same time.

As long as things keep on rolling along as they have been, even in the face of massive inflation or the USD losing its status as world currency, crypto is the way of the future.

However, it is always good to keep scrap silver coins on hand along with a box of small-bill cash, for emergencies.

If the whole world system goes down, gold and silver will be the in-thing in the long run.

buy BTC now and hold, then cash out at the next top and you will be able to wear chains like a boss... like Mt. T!

I PITTY THE FOOL WHO SELLS NOW.

Honestly, if you jump in at the current (low) level I really think it will give you profit.

That's also the reason that I keep buying BTC instead of selling. And no, I'm not trying to attract people into Bitcoin. You should make this decision all by yourself, but that's my vision .

This is quickly degrading into a flaming thread... Break out the popcorn and beer

Ooohhh banking forum... must be a good read! I'll look for threads where they talk about bitcoins...

EDIT: That was the f*cking lamest forum I've been to...

@lemfuture: Silver has no use for you? Your cell phone, computer, etc. might disagree. So will the increasing number of people turning to silver for a hedge against inflation.

and @zolace: seriously? Who views the current value of an investment as merely its seed? That is literally irrational. If you make a billion dollars off an investment you put $5 into would you view it/its subsequent value and risk involved in terms of that $5? Keep thinking/investing like that, big boy lol.

Seems like a wise move, although exiting at $800 would have been better.  

Let's face it, the consensus is in.  The general public is not running out to buy bitcoins to prop up the price.  It is what it is.  Without the wealthy in China trying to avoid capital controls, we're likely headed back to where we were.  Around the $100 mark.  They are the sole reason for the huge run up.

Business adoption means nothing, if people don't have bitcoins to spend in their shops. They too will see there isn't much uptick in traffic, other than relying on current bitcoin holders, who prefer the mantra, "buy and hold" over "buy and spend".  So, I wouldn't expect much.

Digital currencies are here to stay, now that we've solved the double spend problem, but the poor distribution of bitcoin, will always leave it with a cap of how many people will actually own any.  Add the IRS now taxing it as property and it's blatantly clear where this is headed.  Bitcoin makes no sense for a consumer to buy and use as currency.  That's just crazy.  

The question for those who bought above $500, is do you sell now with some loss or do you panic sell at $100 and get wiped out.  Anyone not selling now, has either got balls the size of watermelons or is just in denial. The "get rich quick" gravy train ride, is over.

This IRS decision sux a lot ...
I am pretty sure decision is going to be changed in near future.

You will be back in the game sooner then you expected.
I wish you quick come back and all best!

i dont have a use for cuban chain. im a simple guy. i wear shirt and pants. no need for bling blings

you can always get back in in the next few days after seeing how market reacts to china news

with silver you could wear a very thick cuban chain on your neck. What are you gonna wear having only bitcoins? A paper chain made of paper wallet?

This is going to turn into a regret thread later this year lol

Well... bye.

From those charts.. But why the hashrate is still growing exponentially? Who accelerates mining despite falling marking price and why? Who can afford to drop the price down to tubes and continue increasingly mining an petahash rates?

If you got scared in losing 5 dollars worth of  BTC then stick to watching then playing in this game, leave it for the big boys.

Profit is profit loss is loss

But well I think you should have waited longer but can always come back in if the price drops further

silver to me is useless, just a space waster. bitcoin, i can totally send it to my peers anywhere in the world. i dont see myself getting rich in silver anyway

So why is the hashpower still rising?
Do the miners know something we don't?

If i were you, i would buy back few coins with gained profit. Just in case : )

rodeo, all those things you mentioned are FALSE