Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27783.

elux

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Quote from: Cassius on May 11, 2014, 09:05:56 AM

Quote from: rpietila on May 11, 2014, 08:50:37 AM

Quote from: TERA on May 11, 2014, 08:26:04 AM

Let me reprhrase this then... Bitcoin bulls go one step further to tell you not only is Bitcoin risk-free but that if you aren't holding bitcoins, you are taking a risk because holding fiat is risky and bitcoin is clearly the way out of that risk. So bitcoin is not only risk free, but acts as an inverse risk. It is the infallible investment made in heaven and you you need to buy buy buy or die. They are not only going to quell your fears about holding bitcoin but make you fear NOT holding bitcoin. Because bitcoin is the solution for the apocalypse and when the system fails, bitcoiners will become filthy rich. It is the DESTINY. Bitcoin is like a rapture and you need to be on board or be left to perish.

Pretty much correct. Unlike most religions, however, you can choose to invest whichever portion of your assets you like, and trade the position in an out as you wish. This flexibility makes it difficult for traditional religions to compete.

I think it's called 'monotheism'.

Monocoinism: "There is no coin but Bitcoin and Satoshi is the messenger of God."

Cassius

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Quote from: TERA on May 11, 2014, 09:08:15 AM

I wish I could have a diversified portfolio of religions to make absolutely sure I wasn't going to hell.

Most will prefer you go 'all in', I'm afraid.

hdbuck

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Quote from: TERA on May 11, 2014, 09:08:15 AM

I wish I could have a diversified portfolio of religions to make absolutely sure I wasn't going to hell.

or you could just buy a ticket for heaven.. with bitcoin only! ^^

TERA

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I wish I could have a diversified portfolio of religions to make absolutely sure I wasn't going to hell.

Cassius

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Quote from: rpietila on May 11, 2014, 08:50:37 AM

Quote from: TERA on May 11, 2014, 08:26:04 AM

Let me reprhrase this then... Bitcoin bulls go one step further to tell you not only is Bitcoin risk-free but that if you aren't holding bitcoins, you are taking a risk because holding fiat is risky and bitcoin is clearly the way out of that risk. So bitcoin is not only risk free, but acts as an inverse risk. It is the infallible investment made in heaven and you you need to buy buy buy or die. They are not only going to quell your fears about holding bitcoin but make you fear NOT holding bitcoin. Because bitcoin is the solution for the apocalypse and when the system fails, bitcoiners will become filthy rich. It is the DESTINY. Bitcoin is like a rapture and you need to be on board or be left to perish.

Pretty much correct. Unlike most religions, however, you can choose to invest whichever portion of your assets you like, and trade the position in an out as you wish. This flexibility makes it difficult for traditional religions to compete.

I think it's called 'monotheism'.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

rpietila

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Quote from: TERA on May 11, 2014, 08:26:04 AM

Let me reprhrase this then... Bitcoin bulls go one step further to tell you not only is Bitcoin risk-free but that if you aren't holding bitcoins, you are taking a risk because holding fiat is risky and bitcoin is clearly the way out of that risk. So bitcoin is not only risk free, but acts as an inverse risk. It is the infallible investment made in heaven and you you need to buy buy buy or die. They are not only going to quell your fears about holding bitcoin but make you fear NOT holding bitcoin. Because bitcoin is the solution for the apocalypse and when the system fails, bitcoiners will become filthy rich. It is the DESTINY. Bitcoin is like a rapture and you need to be on board or be left to perish.

Pretty much correct. Unlike most religions, however, you can choose to invest whichever portion of your assets you like, and trade the position in an out as you wish. This flexibility makes it difficult for traditional religions to compete.

Erdogan

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Quote from: TERA on May 11, 2014, 08:26:04 AM

Quote from: rpietila on May 11, 2014, 08:22:21 AM

Quote from: TERA on May 11, 2014, 07:44:43 AM

That SEC article was warning about people who promote investments as being a gauranteed high return and risk free. Well bitcoin bulls go even one step further than this, to tell you that holding cash itself is risky.

Cash is not risky. You are guaranteed to lose, and the guarantee is backed by the full coercive force of the largest government the world has ever seen.

Not even gold is a guaranteed winner every year, because it is only backed by free market.

Let me reprhrase this then... Bitcoin bulls go one step further to tell you not only is Bitcoin risk-free but that if you aren't holding bitcoins, you are taking a risk because holding fiat is risky and bitcoin is clearly the way out of that risk. So bitcoin is not only risk free, but acts as an inverse risk. It is the infallible investment made in heaven and you you need to buy buy buy or die. They are not only going to quell your fears about holding bitcoin but make you fear NOT holding bitcoin. Because bitcoin is the solution for the apocalypse and when the system fails, bitcoiners will become filthy rich. It is the DESTINY. Bitcoin is like a rapture and you need to be on board or be left to perish.

Not risk free. There is a risk, but also a reward. You can assert the probability to each of a few possible outcomes, and compute an aggregate expectation.

You can also do that with fiat, there is a small risk of deflation, which will give you a positive reward (if you can catch it flying by), there is a risk of 2% loss if you believe the current statistics, 5% if you don't. Then there is a real risk of stagflation, where the inflation rate can come up to 20 % easily.

So the expectation, modified by risk, is say 5 percent loss in case of fiat, and conservatively a 100 percent gain in bitcoin.

T.Stuart

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One Token to Move Anything Anywhere

Quote from: TERA on May 11, 2014, 08:26:04 AM

Bitcoin bulls go one step further to tell you not only is Bitcoin risk-free but that if you aren't holding bitcoins, you are taking a risk because holding fiat is risky... bitcoin is... the infallible investment made in heaven... buy buy buy or die... fear NOT holding bitcoin... bitcoin is the solution for the apocalypse... bitcoiners will become filthy rich... you need to be on board or be left to perish...

Yeah but when we start raving like that it acts as the clearest warning possible to those considering joining the gang! Cheesy

niothor

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in defi we trust

Quote from: TERA on May 11, 2014, 08:34:11 AM

Quote from: niothor on May 11, 2014, 08:29:13 AM

Quote from: TERA on May 11, 2014, 08:12:01 AM

When I take my 3 month break from bitcoin trading and come back, I bet it'll be exactly $445

3 months? You will really stop trading and posting for 3 months?
When do you start the stop

?

I decided that I would start next time I got a good entry opportunity which was either the next high volume drop into the 300s, or on a breakout of the downtrend, whichever came first. Also, I cannot guarantee that I'll stay away an entire 3 months, or that I'll come back at all. It was a rough estimate of an ideal.

It has been my misfortune that since I made my resolution nearly 3 weeks ago, Bitcoin has traded flat.

Our also, for losing the opportunity to see you take a break.We share the pain

.

TERA

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Quote from: niothor on May 11, 2014, 08:29:13 AM

Quote from: TERA on May 11, 2014, 08:12:01 AM

When I take my 3 month break from bitcoin trading and come back, I bet it'll be exactly $445

3 months? You will really stop trading and posting for 3 months?
When do you start the stop

?

I decided that I would start next time I got a good entry opportunity which was either the next high volume drop into the 300s, or on a breakout of the downtrend, whichever came first. Also, I cannot guarantee that I'll stay away an entire 3 months, or that I'll come back at all. It was a rough estimate of an ideal.

It has been my misfortune that since I made my resolution nearly 3 weeks ago, Bitcoin has traded flat.

niothor

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in defi we trust

Quote from: TERA on May 11, 2014, 08:12:01 AM

When I take my 3 month break from bitcoin trading and come back, I bet it'll be exactly $445

3 months? You will really stop trading and posting for 3 months?
When do you start the stop

?

damnek

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Quote from: TERA on May 11, 2014, 08:12:01 AM

When I take my 3 month break from bitcoin trading and come back, I bet it'll be exactly $445

Please do

TERA

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Quote from: rpietila on May 11, 2014, 08:22:21 AM

Quote from: TERA on May 11, 2014, 07:44:43 AM

That SEC article was warning about people who promote investments as being a gauranteed high return and risk free. Well bitcoin bulls go even one step further than this, to tell you that holding cash itself is risky.

Cash is not risky. You are guaranteed to lose, and the guarantee is backed by the full coercive force of the largest government the world has ever seen.

Not even gold is a guaranteed winner every year, because it is only backed by free market.

Let me reprhrase this then... Bitcoin bulls go one step further to tell you not only is Bitcoin risk-free but that if you aren't holding bitcoins, you are taking a risk because holding fiat is risky and bitcoin is clearly the way out of that risk. So bitcoin is not only risk free, but acts as an inverse risk. It is the infallible investment made in heaven and you you need to buy buy buy or die. They are not only going to quell your fears about holding bitcoin but make you fear NOT holding bitcoin. Because bitcoin is the solution for the apocalypse and when the system fails, bitcoiners will become filthy rich. It is the DESTINY. Bitcoin is like a rapture and you need to be on board or be left to perish.

mmitech

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things you own end up owning you

Quote from: TERA on May 11, 2014, 08:19:25 AM

10000 dogecoin ? Cheesy

rpietila

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Quote from: TERA on May 11, 2014, 07:44:43 AM

That SEC article was warning about people who promote investments as being a gauranteed high return and risk free. Well bitcoin bulls go even one step further than this, to tell you that holding cash itself is risky.

Cash is not risky. You are guaranteed to lose, and the guarantee is backed by the full coercive force of the largest government the world has ever seen.

Not even gold is a guaranteed winner every year, because it is only backed by free market.

TERA

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Activity: 728

Merit: 500