when the guys who own 10,000 bitcoin see their net worth drop below 1 million

BlackSpidy

hero member

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Quote from: zeroday on August 22, 2015, 02:37:59 PM

Huh, what is 10,000 bitcoins ? Just one pizza

I look forward to the day when everything sold on online places that accept bitcoin will be priced at microbitcoin and nanobitcoin. "I remember people used to buy a pizza for BTC0.2! Man, those were the days. I sure am glad I got in while they were cheap, soon after, at $400!" They'll say. I think we might see some days below $200, some freak occurrences below $140, but never again double digits. The pre-halving bump and the post-halving jump will be in the news soon.

aztecminer

legendary

Activity: 1092

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Quote from: jehst on August 21, 2015, 09:11:45 PM

then i believe we will get true capitulation

it's easy to be a bitcoin cheerleader when you have 10,000 BTC and they are worth $600 or $300 each and you have a ferrari with a bitcoin license plate.

when those guys start giving up and selling their cars because real estate taxes and auto maintenance is too expensive, and bitcoin startups go out of business, then it might be a good time to buy BTC. we have to see real pain. we all feel like we've felt the pain, but it may be just beginning.

we have seen no blood at all during the blockchain drama.. 220 - 230 ?? that is nothing..

zeroday

donator

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Huh, what is 10,000 bitcoins ? Just one pizza

tiggytomb

legendary

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10,000 Bitcoin, now that would be something to be smiling about. The only thing you would need to worry about at that point is how to spend it all.

futureofbitcoin

sr. member

Activity: 322

Merit: 250

Playing with the "house's money" is a bad mindset to be in.

It doesnt' matter what you paid for it, it's worth ~2.3 million now, that's how much you should think of it as.

brg444

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Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: gentlemand on August 22, 2015, 08:00:46 AM

There's a good chance that someone who owns 10,000 coins either mined them or paid $100 for the lot. It would be sucky but that's still not a bad return. They would also have to be a bit daffy not to have pulled some money out when prices were higher.

If serious money was paid for that amount then that implies they're pros so should know better.

Exactly.

Most people who own 10,000+ are certainly not bothered by the movements of Bitcoin's price.

That is because either they didn't pay much for them or the amount they paid constitutes an infinitely small percentage of their total net worth ie. they're rich even with or without BTC.

gentlemand

legendary

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Welt Am Draht

There's a good chance that someone who owns 10,000 coins either mined them or paid $100 for the lot. It would be sucky but that's still not a bad return. They would also have to be a bit daffy not to have pulled some money out when prices were higher.

If serious money was paid for that amount then that implies they're pros so should know better.

Cconvert2G36

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Activity: 392

Merit: 250

Quote from: jehst on August 21, 2015, 11:41:16 PM

Quote from: Cconvert2G36 on August 21, 2015, 11:20:49 PM

Quote from: jehst on August 21, 2015, 11:09:06 PM

I want them. Period. What the market does is a separate issue.

What the market does seems to impact how many you get, see? Same issue.

Does it?

Well, I want to own all Porsche 917's in existence, but I'll patiently wait for their prices to come to me. Cool

jehst

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Activity: 798

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21 million. I want them all.

Quote from: Cconvert2G36 on August 21, 2015, 11:20:49 PM

Quote from: jehst on August 21, 2015, 11:09:06 PM

I want them. Period. What the market does is a separate issue.

What the market does seems to impact how many you get, see? Same issue.

Does it?

Cconvert2G36

sr. member

Activity: 392

Merit: 250

Quote from: jehst on August 21, 2015, 11:09:06 PM

I want them. Period. What the market does is a separate issue.

What the market does seems to impact how many you get, see? Same issue.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

I want them. Period. What the market does is a separate issue.

Cconvert2G36

sr. member

Activity: 392

Merit: 250

Quote from: jehst on August 21, 2015, 10:37:29 PM

Quote from: Cconvert2G36 on August 21, 2015, 09:42:20 PM

Quote from: jehst on August 21, 2015, 09:11:45 PM

then i believe we will get true capitulation

it's easy to be a bitcoin cheerleader when you have 10,000 BTC and they are worth $600 or $300 each and you have a ferrari with a bitcoin license plate.

when those guys start giving up and selling their cars because real estate taxes and auto maintenance is too expensive, and bitcoin startups go out of business, then it might be a good time to buy BTC. we have to see real pain. we all feel like we've felt the pain, but it may be just beginning.

Quote

21 million. I want them all.

So... maybe a few less then.

What?

Err...

Quote

21 million. I want them all.

I want them later, then.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: Cconvert2G36 on August 21, 2015, 09:42:20 PM

Quote from: jehst on August 21, 2015, 09:11:45 PM

then i believe we will get true capitulation

it's easy to be a bitcoin cheerleader when you have 10,000 BTC and they are worth $600 or $300 each and you have a ferrari with a bitcoin license plate.

when those guys start giving up and selling their cars because real estate taxes and auto maintenance is too expensive, and bitcoin startups go out of business, then it might be a good time to buy BTC. we have to see real pain. we all feel like we've felt the pain, but it may be just beginning.

Quote

21 million. I want them all.

So... maybe a few less then.

What?

Cconvert2G36

sr. member

Activity: 392

Merit: 250

Quote from: jehst on August 21, 2015, 09:11:45 PM

then i believe we will get true capitulation

it's easy to be a bitcoin cheerleader when you have 10,000 BTC and they are worth $600 or $300 each and you have a ferrari with a bitcoin license plate.

when those guys start giving up and selling their cars because real estate taxes and auto maintenance is too expensive, and bitcoin startups go out of business, then it might be a good time to buy BTC. we have to see real pain. we all feel like we've felt the pain, but it may be just beginning.

Quote

21 million. I want them all.

So... maybe a few less then.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

then i believe we will get true capitulation

it's easy to be a bitcoin cheerleader when you have 10,000 BTC and they are worth $600 or $300 each and you have a ferrari with a bitcoin license plate.

when those guys start giving up and selling their cars because real estate taxes and auto maintenance is too expensive, and bitcoin startups go out of business, then it might be a good time to buy BTC. we have to see real pain. we all feel like we've felt the pain, but it may be just beginning.

Topic: when the guys who own 10,000 bitcoin see their net worth drop below 1 million (Read 1581 times)