^You clearly do not always tell the truth--you've claimed to have made money on Bitcoin, turns out you've only lost money thus far. I feel my caution is justified
Perhaps my language was not clear: what I meant was that if I cashed out today I'd make 10x my original investment.
No. It's your understanding that's suspect.
I neither believe that you're up x10, nor that you will sell today. Just one of the above is sufficient to say that thus far, you've only lost money
I can't help it if you won't believe me... I bought coins at $27... you do the math!
You want me to do math the way you Bitcoiners do. It goes like this:
1. You bought coin @27.
2. You also bought coin @600, 540, 480, 380, etc., etc.
3. You got pwnt by your friend, the other Bitcoiner, who sold you shit he didn't deliver.
4. Ignore (2) and (3), use (1) only to calculate mad profits.
Did I do good?
Nope, once again your assumptions are way off, it goes like this if you can believe/handle it:
1. I bought coin @27.
2. I sold some coins for cash on localbitcoins to buy mining gear on Alibaba with my credit card, but that didn't come through so I got a refund (savvy huh) and put that away in my cupboard as it was the same as my original fiat investment.
3. I then bought mining gear when btc was @ $1000.
4. I bought more mining gear when it was @ $800.
5. I bought 3 Trezor wallets when it was at $300.
6. Now I'm still sitting with all my original coins in paper wallets and still have 3.5 extra to spend on whatever new bitcoin gadgetry catches my eye.
I avoided your number 2 because I bought all I needed when I first heard about bitcoin and held on to them.
I also avoided your number 3 because I did my research diligently before buying anything. BFL almost got me, but it was obvious that what they were offering was a pipe dream.
I'm not exactly a whale, very far from it, but I've definitely not lost any money in bitcoin.
