Topic: Why I believe a beautiful and very bullish Bitcoin storm is forming - page 2. (Read 13935 times)
February 02, 2015, 06:43:28 PM
What kind of equity does Bitcoin provide?
February 02, 2015, 06:26:04 PM
Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
In other words you are completely underwater.
February 02, 2015, 06:14:03 PM
Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
In other words you are completely underwater.
Except that a house and land has value because people need homes and land to put them on. Bitcoin has no value, it's all purely gambling and speculating.
Let's say you have $300 laying around.
You could either buy a ps4 with it, or 1.5 Bitcoin.
If the 1.5 Bitcoin loses all value in a year, well too bad, now you don't have money and don't have a ps4. It sucks, but it's not the end of the world.
On the other hand, if the value increases to say $750 or so, you could sell half a Bitcoin, buy a PS4 and still have a Bitcoin left for pure profit. Now when the ps5 comes you have some Bitcoin left to buy it.
Financial markets have ups and downs, as long as you are patient during the lows, another high will eventually come. If you have the balls to just hold on to your assets, you'll never need to make a loss.
February 02, 2015, 05:46:37 PM
Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
In other words you are completely underwater.
Except that a house and land has value because people need homes and land to put them on. Bitcoin has no value, it's all purely gambling and speculating.
speculating=gambling=need=value
q.e.d.
February 02, 2015, 05:40:44 PM
Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
In other words you are completely underwater.
Except that a house and land has value because people need homes and land to put them on. Bitcoin has no value, it's all purely gambling and speculating.
February 02, 2015, 03:58:31 PM
Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
In other words you are completely underwater.
February 02, 2015, 03:12:39 PM
Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
In other words you are completely underwater.
Pretty accurate.
February 02, 2015, 02:00:42 PM
Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
In other words you are completely underwater.
February 02, 2015, 01:34:27 PM
Investing in the bitcoin scam is akin to taking your hard earned cash and throwing it in to the wind of an F5 tornado. You'll never see it again, that's for sure.
January 17, 2015, 04:41:03 AM
I wouldn't count on it. Why don't you just make a compromise and sell half of your position and keep the other half? If you can't really afford Bitcoin going to 0 you have put yourself in a very dangerous position you don't want to be in when things go south again. 
Why do you assume I am in a dangerous position? Husband sold off some a while ago and it more than paid for our initial investment at this point so really the remainder coins cost us nothing. We could lose the rest and walk away with just sadness of what could have been.
Granted, the cost average of all coins we had purchased (before he sold some off) was annoyingly close to what the price is now, but even though we are well in the black even with the massive sell off. Buying in early 2013 puts us in a good place.I think experiencing two bubbles also helps put things in perspective. Bitcoin is a wild ride for sure!
You said before that pretty much all your savings are in Bitcoin and that at some point you were forced to sell coins to pay off some debt and bills, so that's why I assumed you can not afford Bitcoin going to 0. If you're really okay if something were to happen and BTC went to 0 or close to it then forget I said anything. Anyway just trying to offer my perspective, it helps a lot to stay cool and level-headed when you can pretty much forget about the money you put in Bitcoin and still be perfectly fine for many years to come. I am bullish myself on BTC right now but I also recognize the possibility of it going back down to $100 and much lower. For me it wouldn't be a problem if that were to happen.
I do think that we were overextended in December. That is why my husband forced a sell off of about 25% of our holdings. We had a zero percent credit card with a balance that he was not comfortable with (we always pay off our cards each month.) He figured that if Bitcoin did go to zero, or declined substantially (which it did) we would could run into some problems later on so he decided that wasn't a gamble worth taking.
Perhaps it is good that one of us is more level headed. I do tend to be the bigger risk taker in our relationship for sure. But we are in a good place right now. It could go to zero and it wouldn't really affect our quality of life at all. Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
It is nice not to lose any sleep when the price tanks.
My only sadness is that we don't have much liquidity to put even more into it right now. We did purchase a little back, but not as much as I (the obsessed bitcoin bull) would want to buy!
January 16, 2015, 06:36:12 PM
I wouldn't count on it. Why don't you just make a compromise and sell half of your position and keep the other half? If you can't really afford Bitcoin going to 0 you have put yourself in a very dangerous position you don't want to be in when things go south again.
Why do you assume I am in a dangerous position? Husband sold off some a while ago and it more than paid for our initial investment at this point so really the remainder coins cost us nothing. We could lose the rest and walk away with just sadness of what could have been.
Granted, the cost average of all coins we had purchased (before he sold some off) was annoyingly close to what the price is now, but even though we are well in the black even with the massive sell off. Buying in early 2013 puts us in a good place.I think experiencing two bubbles also helps put things in perspective. Bitcoin is a wild ride for sure!
You said before that pretty much all your savings are in Bitcoin and that at some point you were forced to sell coins to pay off some debt and bills, so that's why I assumed you can not afford Bitcoin going to 0. If you're really okay if something were to happen and BTC went to 0 or close to it then forget I said anything. Anyway just trying to offer my perspective, it helps a lot to stay cool and level-headed when you can pretty much forget about the money you put in Bitcoin and still be perfectly fine for many years to come. I am bullish myself on BTC right now but I also recognize the possibility of it going back down to $100 and much lower. For me it wouldn't be a problem if that were to happen.
I do think that we were overextended in December. That is why my husband forced a sell off of about 25% of our holdings. We had a zero percent credit card with a balance that he was not comfortable with (we always pay off our cards each month.) He figured that if Bitcoin did go to zero, or declined substantially (which it did) we would could run into some problems later on so he decided that wasn't a gamble worth taking.
Perhaps it is good that one of us is more level headed. I do tend to be the bigger risk taker in our relationship for sure. But we are in a good place right now. It could go to zero and it wouldn't really affect our quality of life at all. Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
It is nice not to lose any sleep when the price tanks.
My only sadness is that we don't have much liquidity to put even more into it right now. We did purchase a little back, but not as much as I (the obsessed bitcoin bull) would want to buy!
Well, everything seems to have turned out for the best. Wish I had sold in December! And bet you'll have a whole very boring 2015 to buy back slowly so that you don't scare your husband
January 16, 2015, 03:31:09 PM
Now that you are up BTC with $0 invested, just hide those coins for 10-20 years, if they got to $0 so be it. (I dont think this will be the case)
After hiding those start buying 1% monthly of total yearly income to put back also. You wont over extend with 1%
After hiding those start buying 1% monthly of total yearly income to put back also. You wont over extend with 1%
Good sound advice.
January 16, 2015, 02:55:46 PM
I wouldn't count on it. Why don't you just make a compromise and sell half of your position and keep the other half? If you can't really afford Bitcoin going to 0 you have put yourself in a very dangerous position you don't want to be in when things go south again.
Why do you assume I am in a dangerous position? Husband sold off some a while ago and it more than paid for our initial investment at this point so really the remainder coins cost us nothing. We could lose the rest and walk away with just sadness of what could have been.
Granted, the cost average of all coins we had purchased (before he sold some off) was annoyingly close to what the price is now, but even though we are well in the black even with the massive sell off. Buying in early 2013 puts us in a good place.I think experiencing two bubbles also helps put things in perspective. Bitcoin is a wild ride for sure!
You said before that pretty much all your savings are in Bitcoin and that at some point you were forced to sell coins to pay off some debt and bills, so that's why I assumed you can not afford Bitcoin going to 0. If you're really okay if something were to happen and BTC went to 0 or close to it then forget I said anything. Anyway just trying to offer my perspective, it helps a lot to stay cool and level-headed when you can pretty much forget about the money you put in Bitcoin and still be perfectly fine for many years to come. I am bullish myself on BTC right now but I also recognize the possibility of it going back down to $100 and much lower. For me it wouldn't be a problem if that were to happen.
I do think that we were overextended in December. That is why my husband forced a sell off of about 25% of our holdings. We had a zero percent credit card with a balance that he was not comfortable with (we always pay off our cards each month.) He figured that if Bitcoin did go to zero, or declined substantially (which it did) we would could run into some problems later on so he decided that wasn't a gamble worth taking.
Perhaps it is good that one of us is more level headed. I do tend to be the bigger risk taker in our relationship for sure. But we are in a good place right now. It could go to zero and it wouldn't really affect our quality of life at all. Pretty much back to what it was before we ever bought BTC, and at the price it is even now, even better than when we started.
It is nice not to lose any sleep when the price tanks.
My only sadness is that we don't have much liquidity to put even more into it right now. We did purchase a little back, but not as much as I (the obsessed bitcoin bull) would want to buy!
January 16, 2015, 02:29:30 PM
I wouldn't count on it. Why don't you just make a compromise and sell half of your position and keep the other half? If you can't really afford Bitcoin going to 0 you have put yourself in a very dangerous position you don't want to be in when things go south again.
Why do you assume I am in a dangerous position? Husband sold off some a while ago and it more than paid for our initial investment at this point so really the remainder coins cost us nothing. We could lose the rest and walk away with just sadness of what could have been.
Granted, the cost average of all coins we had purchased (before he sold some off) was annoyingly close to what the price is now, but even though we are well in the black even with the massive sell off. Buying in early 2013 puts us in a good place.I think experiencing two bubbles also helps put things in perspective. Bitcoin is a wild ride for sure!
You said before that pretty much all your savings are in Bitcoin and that at some point you were forced to sell coins to pay off some debt and bills, so that's why I assumed you can not afford Bitcoin going to 0. If you're really okay if something were to happen and BTC went to 0 or close to it then forget I said anything. Anyway just trying to offer my perspective, it helps a lot to stay cool and level-headed when you can pretty much forget about the money you put in Bitcoin and still be perfectly fine for many years to come. I am bullish myself on BTC right now but I also recognize the possibility of it going back down to $100 and much lower. For me it wouldn't be a problem if that were to happen.
January 15, 2015, 06:11:29 PM
Aaaaand Back to $220! It's always darkest before the dawn
At least we are moving in the right direction now. When we get into the 300s and 400's things will pick up more speed.
3 days for the Resurrection, then 40 days until the Ascension, iirc
Yes. Miracles can happen!
I wouldn't count on it. Why don't you just make a compromise and sell half of your position and keep the other half? If you can't really afford Bitcoin going to 0 you have put yourself in a very dangerous position you don't want to be in when things go south again.
Why do you assume I am in a dangerous position? Husband sold off some a while ago and it more than paid for our initial investment at this point so really the remainder coins cost us nothing. We could lose the rest and walk away with just sadness of what could have been.
Granted, the cost average of all coins we had purchased (before he sold some off) was annoyingly close to what the price is now, but even though we are well in the black even with the massive sell off. Buying in early 2013 puts us in a good place.I think experiencing two bubbles also helps put things in perspective. Bitcoin is a wild ride for sure!
January 15, 2015, 05:07:23 PM
...
Yes. Miracles can happen!
Yes. Miracles can happen!
Aha. Not this time, tho. Good chance the coins you've just bought @278 came from your mentor Reptilia dumping his
January 15, 2015, 04:23:52 PM
The trolls are in full force. This downtrend must be nearing the final phase
January 15, 2015, 03:46:52 PM
Aaaaand Back to $220! It's always darkest before the dawn
At least we are moving in the right direction now. When we get into the 300s and 400's things will pick up more speed.
3 days for the Resurrection, then 40 days until the Ascension, iirc
Yes. Miracles can happen!
I wouldn't count on it. Why don't you just make a compromise and sell half of your position and keep the other half? If you can't really afford Bitcoin going to 0 you have put yourself in a very dangerous position you don't want to be in when things go south again.
Dead cat bounce, anyone? I sold some more BTC at 220. Now it's 205.
January 15, 2015, 03:38:24 PM
Aaaaand Back to $220! It's always darkest before the dawn
At least we are moving in the right direction now. When we get into the 300s and 400's things will pick up more speed.
3 days for the Resurrection, then 40 days until the Ascension, iirc
Yes. Miracles can happen!
I wouldn't count on it. Why don't you just make a compromise and sell half of your position and keep the other half? If you can't really afford Bitcoin going to 0 you have put yourself in a very dangerous position you don't want to be in when things go south again.
January 15, 2015, 02:13:24 PM
Aaaaand Back to $220! It's always darkest before the dawn
At least we are moving in the right direction now. When we get into the 300s and 400's things will pick up more speed.
3 days for the Resurrection, then 40 days until the Ascension, iirc
Yes. Miracles can happen!
Jump to: