Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31824.

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: adamstgBit on November 21, 2013, 02:45:00 PM

a house is not fiat.

housing prices only ever go up. mostly, expect in america the land of bubbles

Or in China. Their housing bubble makes the US housing bubble look like foam.
1) Can't invest in foreign anything
2) Limited domestic investments available
3) Strong encouragement to invest in real estate
4) Massive building
5) One child policy demographic bubble about to burst
6) 80M empty houses (about enough for everyone in the US if the US were all homeless).

So it is no wonder that bitcoin is their salvation. This is just beginning....very few there even know of it.

Ivanhoe

hero member

Activity: 841

Merit: 1000

Quote from: QuestionAuthority on November 21, 2013, 02:48:24 PM

Quote from: Rampion on November 21, 2013, 02:44:51 PM

Quote from: QuestionAuthority on November 21, 2013, 02:34:46 PM

I can't believe I sold all just under 500! I was so happy to have over a half million $ that I couldn't wait. Oh well, I guess all I can do is sit in my new completely paid off house and cry. lol

You sold all? Really?

IMO at current BTC valutation selling "for good" (to cash in fiat profits) more than 35% of ones BTC stash is completely crazy, regardless of when you bought in.

If you bought in low double digits/single digits, then your profits are SO HUGE that selling only 20% will grant you a massive gain, while you still keep bullets for the "next round".

If you bought just a few weeks/months ago, then selling 20% is probably enough to recover your full investment, while you keep riding the BTC trading.

In any case, selling all seems like something you will bitterly regret in the near future. I guess you dig in the forums and read the stories of those who sold tens of k's of coins in 2011 (if not hundreds of thousands of coins), bought a nice house and a nice car and retired from the BTC scene for good. Just 2 years after those guys would be so wealthy that their kids and the kids of their kids would be all set for life.

Yep - it might not happen. But its the kind of opportunity you just cannot afford to lose Wink

I already kind of regret it but I mined for most of my coin so long ago and this is such a giant windfall that it's hard to not be happy.

Of course you kind of regret it. Bitcoins were a part of your life for so long and now you are detached from them. On the sideline. Just enjoy your wealth now and maybe buy some back to get involved again. But man you deserve it.

maz

full member

Activity: 140

Merit: 100

Quote from: QuestionAuthority on November 21, 2013, 02:34:46 PM

I can't believe I sold all just under 500! I was so happy to have over a half million $ that I couldn't wait. Oh well, I guess all I can do is sit in my new completely paid off house and cry. lol

Congratulations mate, nice to hear someone score a winner with their coins. Being mortgage free for the rest of your life offers a great feeling of security. I'm sure you will get lots of slack when folk tell you to consider how much they will be worth in a week, month, or year. But remember they could be worth 0 tomorrow if some game changing protocol bug was found and made coins worth 0.

We all enter into this game with different hopes of return, yours were practical and achievable and you attained them. I like these types of stories.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Spaceman_Spiff on November 21, 2013, 02:47:48 PM

Quote from: Rampion on November 21, 2013, 02:46:50 PM

Malevolent is right. Never go full fiat. That's been historically a losing strategy, and that's a matter of fact - unless you sold to buy back lower and you succeeded, obviously.

The dude made half a million bucks. I would be happy....

If he had left half on the table, he'd have another $100k by now.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Spaceman_Spiff on November 21, 2013, 02:47:48 PM

Quote from: Rampion on November 21, 2013, 02:46:50 PM

Malevolent is right. Never go full fiat. That's been historically a losing strategy, and that's a matter of fact - unless you sold to buy back lower and you succeeded, obviously.

The dude made half a million bucks. I would be happy....

Let me tell you something: half a million buck won't solve your life for good (maybe yes - but I know that it won't solve MANY people lives); 5 million bucks will solve your life for good.

My motto is that you can afford to lose a shitload of money that won't solve your life; what you cannot afford to lose is the opportunity to be "all set".

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Rampion on November 21, 2013, 02:44:51 PM

Quote from: QuestionAuthority on November 21, 2013, 02:34:46 PM

I can't believe I sold all just under 500! I was so happy to have over a half million $ that I couldn't wait. Oh well, I guess all I can do is sit in my new completely paid off house and cry. lol

You sold all? Really?

IMO at current BTC valutation selling "for good" (to cash in fiat profits) more than 35% of ones BTC stash is completely crazy, regardless of when you bought in.

If you bought in low double digits/single digits, then your profits are SO HUGE that selling only 20% will grant you a massive gain, while you still keep bullets for the "next round".

If you bought just a few weeks/months ago, then selling 20% is probably enough to recover your full investment, while you keep riding the BTC trading.

In any case, selling all seems like something you will bitterly regret in the near future. I guess you dig in the forums and read the stories of those who sold tens of k's of coins in 2011 (if not hundreds of thousands of coins), bought a nice house and a nice car and retired from the BTC scene for good. Just 2 years after those guys would be so wealthy that their kids and the kids of their kids would be all set for life.

Yep - it might not happen. But its the kind of opportunity you just cannot afford to lose Wink

I already kind of regret it but I mined for most of my coin so long ago and this is such a giant windfall that it's hard to not be happy.

philip2000uk

sr. member

Activity: 276

Merit: 250

Quote from: QuestionAuthority on November 21, 2013, 02:40:20 PM

Quote from: MoreFun on November 21, 2013, 02:38:09 PM

Quote from: QuestionAuthority on November 21, 2013, 02:34:46 PM

I can't believe I sold all just under 500! I was so happy to have over a half million $ that I couldn't wait. Oh well, I guess all I can do is sit in my new completely paid off house and cry. lol

Better to cry in a new house than outside in the park.

You sold on stamp or gox at $500?

Gox

you could make a video on what you've bought with the fiat from the bitcoins, i'd be interested in seeing it

Also you could always just buy 4 and wait for them to hit 100,000 but wow you have a lot of money anyway now so it's ok. I would probably cash out 50% when i get to 150,000 pound each

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: Rampion on November 21, 2013, 02:46:50 PM

Malevolent is right. Never go full fiat. That's been historically a losing strategy, and that's a matter of fact - unless you sold to buy back lower and you succeeded, obviously.

The dude made half a million bucks and got a house. I would be happy....

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: mb300sd on November 21, 2013, 02:22:54 PM

Quote from: NewLiberty on November 21, 2013, 02:14:56 PM

Quote from: ?? on ??

We will see $1000 gox in less than a week. Maybe 48 hours.

$400 gox never again

Choo choo mfs

still this. i don't make (public) predictions often but when i do Wink

Localbitcoin trades have hit US$1300.
Fast coins are worth more.

Not around here Sad

I'd be all over that

Tell me about it, easy arbitrage.

Rampion

legendary

Activity: 1148

Merit: 1018

Malevolent is right. Never go full fiat. That's been historically a losing strategy, and that's a matter of fact - unless you sold to buy back lower and you succeeded, obviously.

Realtimez

newbie

Activity: 13

Merit: 0

Quote from: QuestionAuthority on November 21, 2013, 02:40:20 PM

Quote from: MoreFun on November 21, 2013, 02:38:09 PM

Quote from: QuestionAuthority on November 21, 2013, 02:34:46 PM

I can't believe I sold all just under 500! I was so happy to have over a half million $ that I couldn't wait. Oh well, I guess all I can do is sit in my new completely paid off house and cry. lol

Better to cry in a new house than outside in the park.

You sold on stamp or gox at $500?

Gox

Did you buy them on the early stages like 2-3 years ago?

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

Quote from: malevolent on November 21, 2013, 02:43:49 PM

Quote from: QuestionAuthority on November 21, 2013, 02:34:46 PM

I can't believe I sold all just under 500! I was so happy to have over a half million $ that I couldn't wait. Oh well, I guess all I can do is sit in my new completely paid off house and cry. lol

a house is not fiat.

housing prices only ever go up. mostly, expect in america the land of bubbles

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: QuestionAuthority on November 21, 2013, 02:34:46 PM

I can't believe I sold all just under 500! I was so happy to have over a half million $ that I couldn't wait. Oh well, I guess all I can do is sit in my new completely paid off house and cry. lol

You sold all? Really?

IMO at current BTC valutation selling "for good" (to cash in fiat profits) more than 35% of ones BTC stash is completely crazy, regardless of when you bought in.

If you bought in low double digits/single digits, then your profits are SO HUGE that selling only 20% will grant you a massive gain, while you still keep bullets for the "next round".

If you bought just a few weeks/months ago, then selling 20% is probably enough to recover your full investment, while you keep riding the BTC train.

In any case, selling all seems like something you will bitterly regret in the near future. I guess you dig in the forums and read the stories of those who sold tens of k's of coins in 2011 (if not hundreds of thousands of coins), bought a nice house and a nice car and retired from the BTC scene for good. Just 2 years after those guys would be so wealthy that their kids and the kids of their kids would be all set for life.

Yep - it might not happen. But its the kind of opportunity you just cannot afford to lose Wink

malevolent

legendary

Activity: 3472

Merit: 1727

Quote from: QuestionAuthority on November 21, 2013, 02:34:46 PM

I can't believe I sold all just under 500! I was so happy to have over a half million $ that I couldn't wait. Oh well, I guess all I can do is sit in my new completely paid off house and cry. lol

YoYa

hero member

Activity: 809

Merit: 501

Always verify deals with me through my public key!

Quote from: BarkinTree on November 21, 2013, 02:35:07 PM

Quote from: notme on November 21, 2013, 02:18:26 PM

Quote from: BarkinTree on November 21, 2013, 02:09:23 PM

what does socialism/entitlement have to do with arrogance? do you have the experience to believe what you say, or do you just make generalizations based on some right libertarian perspective of political system?

u.s. = fuck the poor, dick ride corporations. and u.s. has some of most arrogant people in the world, no question. so what does socialist context have to do with it?

How is feeling entitled to receive a handout not arrogance?

a handout? talk to me when corporations destroy your homeland, make your air unbreathable, destroy your rain forests and kill off your wildlife, all the while paying workers less and less and less? one of the reasons education systems continue to crumble is due to widespread corporate tax avoidance. they take and take and destroy our cultures bit by bit, and it's handout when we say things must change, else they must pay for the privilege? the game was rigged from the start -- fuck a handout. that term is inappropriate when the game was rigged against the poor.

having an opinion that may differ from yours regarding the limits of human dignity and of theft/exploitation, does not make a person arrogant. it is a difference of opinion. arrogance has to due with perception of one's own importance. if one favors equality, to whatever extent, that indicates the polar opposite -- that the importance of others equals their own. in other words, you are very much misusing the word.

To use a market analogy, if you let the largest player steamroll the competition, you wake up one day without competition in an abusive monopoly. I'm a believer in efficient markets, but I don't trust human's to not manipulate markets. When you let wealth inequality fester, abuse of the majority occurs every single time, and in such cases there is no opportunity for motivated individuals to realise their potential as libertarian ideals aspire to.

In fact, I just don't fucking get it! Here we are built on a world of technological wonder designed on the back of engineering and scientific pragmatism, yet when it comes to ideologies everyone seems to think that one particular approach is supreme instead of worrying about what works....fucking madness.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: BarkinTree on November 21, 2013, 02:35:07 PM

Quote from: notme on November 21, 2013, 02:18:26 PM

Quote from: BarkinTree on November 21, 2013, 02:09:23 PM

what does socialism/entitlement have to do with arrogance? do you have the experience to believe what you say, or do you just make generalizations based on some right libertarian perspective of political system?

u.s. = fuck the poor, dick ride corporations. and u.s. has some of most arrogant people in the world, no question. so what does socialist context have to do with it?

How is feeling entitled to receive a handout not arrogance?

a handout? talk to me when corporations destroy your homeland, make your air unbreathable, destroy your rain forests and kill off your wildlife, all the while paying workers less and less and less? one of the reasons education systems continue to crumble is due to widespread corporate tax avoidance. they take and take and destroy our cultures bit by bit, and it's handout when we say things must change, else they must pay for the privilege? the game was rigged from the start -- fuck a handout. that term is inappropriate when the game was rigged against the poor.

having an opinion that may differ from yours regarding the limits of human dignity and of theft/exploitation, does not make a person arrogant. it is a difference of opinion. arrogance has to due with perception of one's own importance. if one favors equality, to whatever extent, that indicates the polar opposite -- that the importance of others equals their own. in other words, you are very much misusing the word.

Don't lecture me about corporations. Buy the way, they are just getting started. I live in the US. They have stripped us bare already, but nobody around me gives a shit because they are too busy chasing a dream they will never reach but were told everyone could have.

How about the Venezuelan president forcing electronics and appliance sellers to take losses on all their merchandise recently? That is fucking theft too. Two wrongs don't make a right. This is not the first rodeo for the corporations. You are repeating the mistakes of the people of the United States, and you will wind up just like us unless you just shrug off the system and work on building something new. Thinking you are important enough that stealing is okay is why I speak of arrogance.

San1ty

sr. member

Activity: 462

Merit: 250

Those walls, Eek I can't handle the stress.
Both options look pretty shitty right now:

Sell: You lose
Buy: You lose

Decide already!

Calm San1ty, Calm... Just stick with indicators...

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: MoreFun on November 21, 2013, 02:38:09 PM

Quote from: QuestionAuthority on November 21, 2013, 02:34:46 PM

I can't believe I sold all just under 500! I was so happy to have over a half million $ that I couldn't wait. Oh well, I guess all I can do is sit in my new completely paid off house and cry. lol

Better to cry in a new house than outside in the park.

You sold on stamp or gox at $500?

Gox

notme

legendary

Activity: 1904

Merit: 1002

Quote from: adamstgBit on November 21, 2013, 02:30:39 PM

Quote from: notme on November 21, 2013, 02:29:50 PM

Quote from: adamstgBit on November 21, 2013, 02:26:33 PM

any minute now, the price will double. for sure

I think you might be bipolar dude.

I am!

but i was being sarcastic...

rest assured i have been sleeping fine and am not manic right now... the market is tho!

Right on, runs in my family too.

I think it's probably common in people who like markets.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: QuestionAuthority on November 21, 2013, 02:34:46 PM

I can't believe I sold all just under 500! I was so happy to have over a half million $ that I couldn't wait. Oh well, I guess all I can do is sit in my new completely paid off house and cry. lol

Better to cry in a new house than outside in the park.

You sold on stamp or gox at $500?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31824. (Read 26720873 times)