Investing in Bitcoin now is the same as stealing - page 2.

freightjoe

full member

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Quote from: Travel Token on December 27, 2017, 07:32:25 AM

You can't call it 'stealing'. It's not only about bitcoin, this is how market works. Every business is based on fact, that fools spend money and businessman makes money.

You clearly have absolutely no idea how a market works. I truly hope for you that you have not invested in anything

Travel Token

member

Activity: 224

Merit: 10

Quote from: freightjoe on December 27, 2017, 05:48:24 AM

To any neutral rational observer with just a minimal understanding of economics, it is clear that Bitcoin is deep into a bubble.

But investors can still make money.

The price can still continue to go up for a while. This is what economists call the "Greater Fool theory". In this, an investor buys an asset (for example Bitcoin) purely on the speculation that the price will go up because someone else is willing to buy at a higher price (the new buyer is the greater fool).

This strategy can of course be profitable for an investor who buys for example at a dip and sells on the way up.

But, as anyone with half a brain knows, as this is purely a bubble it also means something else.

It means that any investor that buys now can only be one of two types of people:

- You can be the greater fool. Ask yourself if that is you?
- Or you can be the one buying with a plan to sell to the greater fool. But that also means you plan as an investor is to cheat he greater fool - which in effect is stealing from somebody dumber than you.

Therefore, if you have been buying Bitcoin in the past months, ask yourself:

Are you a thief or are you a greater fool?

You can't call it 'stealing'. It's not only about bitcoin, this is how market works. Every business is based on fact, that fools spend money and businessman makes money.

freightjoe

full member

Activity: 238

Merit: 109

Quote from: coinSpecter32 on December 27, 2017, 06:31:13 AM

I don't think is bitcoin is the same as stealing. Stealing is somewhat getting money without your consent.

If you see a small child who has 100$, you can go to that child and ask if it wants to give you the 100$ if you give the child a small piece of candy.

You are saying it is ok to trick the child like this because there is consent. I would call this stealing.

....and yes, many so-called investors in Bitcoin seem to have the intelligence of a child when you read what is posted in here

coinSpecter32

newbie

Activity: 72

Merit: 0

I don't think is bitcoin is the same as stealing. Stealing is somewhat getting money without your consent. Bitcoin is the other way around, we had been into bitcoin because we want to earn. We are not forced to do it. Is it a pyramiding scheme?, I don't also think so.

freightjoe

full member

Activity: 238

Merit: 109

Quote from: ?? on ??

Without the fool and greater fool there is no money in BTC.
These kind of people are needed for business so that money will circulate.

Well said

Puroc

newbie

Activity: 139

Merit: 0

It's a no... My friend..
Stop making wrong assumptions on bitcoins....
lols....

pedrog

legendary

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Merit: 1031

Quote from: freightjoe on December 27, 2017, 06:08:38 AM

Quote from: pedrog on December 27, 2017, 06:05:35 AM

Quote from: freightjoe on December 27, 2017, 05:48:24 AM

To any neutral rational observer with just a minimal understanding of economics, it is clear that Bitcoin is deep into a bubble.

But investors can still make money.

The price can still continue to go up for a while. This is what economists call the "Greater Fool theory". In this, an investor buys an asset (for example Bitcoin) purely on the speculation that the price will go up because someone else is willing to buy at a higher price (the new buyer is the greater fool).

This strategy can of course be profitable for an investor who buys for example at a dip and sells on the way up.

But, as anyone with half a brain knows, as this is purely a bubble it also means something else.

It means that any investor that buys now can only be one of two types of people:

- You can be the greater fool. Ask yourself if that is you?
- Or you can be the one buying with a plan to sell to the greater fool. But that also means you plan as an investor is to cheat he greater fool - which in effect is stealing from somebody dumber than you.

Therefore, if you have been buying Bitcoin in the past months, ask yourself:

Are you a thief or are you a greater fool?

How do you know "Bitcoin is deep into a bubble"?

Do you have any concrete data to backup such statement or is just your opinion?

Anyone disputing that Bitcoin is now clearly in a bubble is quite simply either blind or deeply unintelligent

I'm not disputing anything because there's nothing to dispute, I'm waiting for you to present your arguments and only then they can be disputed.

shacc

member

Activity: 84

Merit: 10

you still want to say that bitcoin is a bubble, and now stealing from others,
be sure that no one was forced under army to buy bitcoin or to deal with it

freightjoe

full member

Activity: 238

Merit: 109

Quote from: eckmar on December 27, 2017, 06:09:26 AM

Don't be stupid. There is always now and then a post like this and always someone explains why Bitcoin cannot be a bubble or anything like that. Price is not increasing because of Speculation but because of number of people that are using it and there is limited number of Bitcoins to ever be produced which increases value dramatically.

Seems you are the fool here.

Almost no-one is using it for payments - the extremely high fees makes Bitcoin completely useless for practical payments.

The vast majority of people buying Bitcoin now is doing it because they expect it to increase in value. That is speculation. Just look at everyone in this forum - it is all about how much money you can make buying Bitcoin.

eckmar

legendary

Activity: 1878

Merit: 1038

Telegram: https://t.me/eckmar

Quote from: freightjoe on December 27, 2017, 05:48:24 AM

To any neutral rational observer with just a minimal understanding of economics, it is clear that Bitcoin is deep into a bubble.

But investors can still make money.

The price can still continue to go up for a while. This is what economists call the "Greater Fool theory". In this, an investor buys an asset (for example Bitcoin) purely on the speculation that the price will go up because someone else is willing to buy at a higher price (the new buyer is the greater fool).

This strategy can of course be profitable for an investor who buys for example at a dip and sells on the way up.

But, as anyone with half a brain knows, as this is purely a bubble it also means something else.

It means that any investor that buys now can only be one of two types of people:

- You can be the greater fool. Ask yourself if that is you?
- Or you can be the one buying with a plan to sell to the greater fool. But that also means you plan as an investor is to cheat he greater fool - which in effect is stealing from somebody dumber than you.

Therefore, if you have been buying Bitcoin in the past months, ask yourself:

Are you a thief or are you a greater fool?

Don't be stupid. There is always now and then a post like this and always someone explains why Bitcoin cannot be a bubble or anything like that. Price is not increasing because of Speculation but because of number of people that are using it and there is limited number of Bitcoins to ever be produced which increases value dramatically.

freightjoe

full member

Activity: 238

Merit: 109

Quote from: pedrog on December 27, 2017, 06:05:35 AM

Quote from: freightjoe on December 27, 2017, 05:48:24 AM

To any neutral rational observer with just a minimal understanding of economics, it is clear that Bitcoin is deep into a bubble.

But investors can still make money.

The price can still continue to go up for a while. This is what economists call the "Greater Fool theory". In this, an investor buys an asset (for example Bitcoin) purely on the speculation that the price will go up because someone else is willing to buy at a higher price (the new buyer is the greater fool).

This strategy can of course be profitable for an investor who buys for example at a dip and sells on the way up.

But, as anyone with half a brain knows, as this is purely a bubble it also means something else.

It means that any investor that buys now can only be one of two types of people:

- You can be the greater fool. Ask yourself if that is you?
- Or you can be the one buying with a plan to sell to the greater fool. But that also means you plan as an investor is to cheat he greater fool - which in effect is stealing from somebody dumber than you.

Therefore, if you have been buying Bitcoin in the past months, ask yourself:

Are you a thief or are you a greater fool?

How do you know "Bitcoin is deep into a bubble"?

Do you have any concrete data to backup such statement or is just your opinion?

Anyone disputing that Bitcoin is now clearly in a bubble is quite simply either blind or deeply unintelligent

freightjoe

full member

Activity: 238

Merit: 109

Quote from: emuLOAD on December 27, 2017, 05:58:52 AM

My question is... how big a fool is the chap that thought about buying a few bitcoin in 2011 and chose not to?

He was indeed clever - I am talking about the obvious bubble that has been blown up over the past 12 months.

freightjoe

full member

Activity: 238

Merit: 109

Quote from: vestenvinden on December 27, 2017, 06:02:36 AM

Well if you consider that as stealing.

Then stock exchange trading is also stealing.

And then its also stealing to put money in the bank and collect interests...

You clearly have no idea at all about the difference between stocks and Bitcoin. Seems you are most certainly in the greater fool category. Good luck with that.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: freightjoe on December 27, 2017, 05:48:24 AM

To any neutral rational observer with just a minimal understanding of economics, it is clear that Bitcoin is deep into a bubble.

But investors can still make money.

The price can still continue to go up for a while. This is what economists call the "Greater Fool theory". In this, an investor buys an asset (for example Bitcoin) purely on the speculation that the price will go up because someone else is willing to buy at a higher price (the new buyer is the greater fool).

This strategy can of course be profitable for an investor who buys for example at a dip and sells on the way up.

But, as anyone with half a brain knows, as this is purely a bubble it also means something else.

It means that any investor that buys now can only be one of two types of people:

- You can be the greater fool. Ask yourself if that is you?
- Or you can be the one buying with a plan to sell to the greater fool. But that also means you plan as an investor is to cheat he greater fool - which in effect is stealing from somebody dumber than you.

Therefore, if you have been buying Bitcoin in the past months, ask yourself:

Are you a thief or are you a greater fool?

How do you know "Bitcoin is deep into a bubble"?

Do you have any concrete data to backup such statement or is just your opinion?

vestenvinden

newbie

Activity: 32

Merit: 0

Well if you consider that as stealing.

Then stock exchange trading is also stealing.

And then its also stealing to put money in the bank and collect interests...

emuLOAD

sr. member

Activity: 328

Merit: 252

My question is... how big a fool is the chap that thought about buying a few bitcoin in 2011 and chose not to?

freightjoe

full member

Activity: 238

Merit: 109

To any neutral rational observer with just a minimal understanding of economics, it is clear that Bitcoin is deep into a bubble.

But investors can still make money.

The price can still continue to go up for a while. This is what economists call the "Greater Fool theory". In this, an investor buys an asset (for example Bitcoin) purely on the speculation that the price will go up because someone else is willing to buy at a higher price (the new buyer is the greater fool).

This strategy can of course be profitable for an investor who buys for example at a dip and sells on the way up.

But, as anyone with half a brain knows, as this is purely a bubble it also means something else.

It means that any investor that buys now can only be one of two types of people:

- You can be the greater fool. Ask yourself if that is you?
- Or you can be the one buying with a plan to sell to the greater fool. But that also means you plan as an investor is to cheat he greater fool - which in effect is stealing from somebody dumber than you.

Therefore, if you have been buying Bitcoin in the past months, ask yourself:

Are you a thief or are you a greater fool?

Topic: Investing in Bitcoin now is the same as stealing - page 2. (Read 308 times)