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Topic: You will not hold tight if.... - page 3. (Read 4483 times)

legendary
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
April 09, 2013, 08:52:25 PM
#22
those filthy, worthless pieces of green, red, blue papers, coming straight our of the factories of Ben and his pals around the world, which you have so far loathed and despised.
You will forget about the plan of liberating money from the monopoly of governments and banks, like you have never believed in such an idea.
Such presumptuousness. Don't put words in my mouth.

I think cryptocurrency is a game-changer. I think it's a better tool for certain jobs, technically speaking, than the national currency and banking system. That doesn't make me a revolutionary. I have no particular ideological desire to dismantle Gold Man-Sacks, or the Fed for that matter.

My current strategy dictates that if the USD/BTC exchange rate were to go to $1000, I would sell about half of my speculation purse. My non-speculative purse, meanwhile, would continue to be used for BTC-denominated goods and services.

That's not selling out. That's sticking to the plan. And if there is a crash, it means I'll be the strong hand into which the weak hands sell. And if there isn't, I still have substantial BTC holdings, ready for things to proceed.
legendary
Activity: 896
Merit: 1001
April 09, 2013, 08:48:19 PM
#21
I accept your challenge. Now go buy bitcoins up to $1000.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
April 09, 2013, 08:46:24 PM
#20
if it goes to 1000$, i'm not selling shit! i'm paying my mortgage as slow as possible, i'm spending every dime of fiat i earn, i'm having fun, but i will never ever sell a bitcoin every again!

what's the point, i mean really, what would i do with the money?

hoard gold and silver??? i might as well hoard bitcoin...
pay off my mortgage??? but everyone needs a good amount of debt in this inflationary environment ( not hard to pay back a loan in worthless dollars....)
hookers and blow??? fuck that i have a wife and kids...

No thanks, fuck that, I'm holding on to my SAVINGS account forever.

 Kiss
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
April 09, 2013, 08:44:28 PM
#19
I believe at some point, the difficulty of going back to dollars will be more hassle than it is worth.

The tax implications alone would make my head spin. Best to just stick with one currency from now on. I already pay taxes on the dollars in my paycheck, no need to pay taxes again when I trade currencies into the Federal Reserve's domain.
hero member
Activity: 518
Merit: 500
April 09, 2013, 08:37:03 PM
#18
Ummm....okay?

This may be true if we hit 1000 tomorrow.

It will not be true if we hit 1000 a few months from now.  Many people will have sold by then.  Many MORE people will have bought in by then.  Many people will have just started investing at 500, 600, 800, 999. 

Don't mess around with that number, it's the substance that matters here.

The substance here is that the claim is the same we've always heard.  The answer to the claim is thus: it's a false claim.

It's more of a challenge than a claim.

I am looking forward to the day when bitcoin price reaches $1,000/10,000, and you still hold those shiny coins in your hand, and show them off to me, you don't need to attach a digital signature, the fact that you still visit this forum is probably proof enough.

I am serious.

Well, in that case.

Challenge accepted Tongue
hero member
Activity: 784
Merit: 1000
April 09, 2013, 08:36:18 PM
#17
Ummm....okay?

This may be true if we hit 1000 tomorrow.

It will not be true if we hit 1000 a few months from now.  Many people will have sold by then.  Many MORE people will have bought in by then.  Many people will have just started investing at 500, 600, 800, 999.  

Don't mess around with that number, it's the substance that matters here.

The substance here is that the claim is the same we've always heard.  The answer to the claim is thus: it's a false claim.

It's more of a challenge than a claim.

I am looking forward to the day when bitcoin price reaches $1,000/10,000, and you still hold those shiny coins in your hand, and show them off to me, you don't need to attach a digital signature, the fact that you will still visit this forum and remain bullish will probably be proof enough.

I am serious.
hero member
Activity: 1302
Merit: 502
April 09, 2013, 08:34:24 PM
#16
I'll "cash out" 20%-30% at $1000 by going to Amagi Metals and buying a bunch of gold and silver.

I would feel dirty going back to paper in a bank.
hero member
Activity: 518
Merit: 500
April 09, 2013, 08:29:30 PM
#15
Ummm....okay?

This may be true if we hit 1000 tomorrow.

It will not be true if we hit 1000 a few months from now.  Many people will have sold by then.  Many MORE people will have bought in by then.  Many people will have just started investing at 500, 600, 800, 999. 

Don't mess around with that number, it's the substance that matters here.

The substance here is that the claim is the same we've always heard.  The answer to the claim is thus: it's a false claim.
hero member
Activity: 784
Merit: 1000
April 09, 2013, 08:23:54 PM
#14
Ummm....okay?

This may be true if we hit 1000 tomorrow.

It will not be true if we hit 1000 a few months from now.  Many people will have sold by then.  Many MORE people will have bought in by then.  Many people will have just started investing at 500, 600, 800, 999. 

Don't mess around with that number, it's the substance that matters here.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
April 09, 2013, 08:23:04 PM
#13
I think we'll see the result of what you've described we'll before $1000, and it will end up being the biggest catastrophe in bitcoindom to date.

Is that a camel as your avatar?  I thought it was a chicken that constantly ran around saying the sky was falling, not a camel.  would you please update?

Llama

Alpaca

oh and Bitcoin is a BBBBUUUBBBBLLLEEE!
legendary
Activity: 2478
Merit: 1020
Be A Digital Miner
April 09, 2013, 08:19:57 PM
#12
I think we'll see the result of what you've described we'll before $1000, and it will end up being the biggest catastrophe in bitcoindom to date.

Is that a camel as your avatar?  I thought it was a chicken that constantly ran around saying the sky was falling, not a camel.  would you please update?

Llama
Oh, my mistake.   Excuse my ignorance, but is a llama the chicken of the camel family?
full member
Activity: 224
Merit: 100
DigiByte Founder
April 09, 2013, 08:19:47 PM
#11
At $50,000. I might be tempted to sell of 1 BTC.... that would pay off the rest of my student loans and buy me a nice shinny new car Smiley
Unless ofcourse I can do that with BTC at then point. Then I wont cash out Smiley
full member
Activity: 224
Merit: 100
DigiByte Founder
April 09, 2013, 08:19:08 PM
#10
At $50,000. I might be tempted to sell of 1 BTC.... that would pay off the rest of my student loans and buy me a nice shinny new car Smiley
legendary
Activity: 1904
Merit: 1002
April 09, 2013, 08:18:38 PM
#9
I think we'll see the result of what you've described we'll before $1000, and it will end up being the biggest catastrophe in bitcoindom to date.

Is that a camel as your avatar?  I thought it was a chicken that constantly ran around saying the sky was falling, not a camel.  would you please update?

Llama
legendary
Activity: 2478
Merit: 1020
Be A Digital Miner
April 09, 2013, 08:17:34 PM
#8
I think we'll see the result of what you've described we'll before $1000, and it will end up being the biggest catastrophe in bitcoindom to date.

Is that a camel as your avatar?  I thought it was a chicken that constantly ran around saying the sky was falling, not a camel.  would you please update?
hero member
Activity: 518
Merit: 500
April 09, 2013, 08:16:54 PM
#7
Ummm....okay?

This may be true if we hit 1000 tomorrow.

It will not be true if we hit 1000 a few months from now.  Many people will have sold by then.  Many MORE people will have bought in by then.  Many people will have just started investing at 500, 600, 800, 999. 
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
April 09, 2013, 08:15:23 PM
#6
$1,000 for one Bitcoin does not pay off my mortgage.
hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
April 09, 2013, 08:13:18 PM
#5
I think we'll see the result of what you've described we'll before $1000, and it will end up being the biggest catastrophe in bitcoindom to date.

not
legendary
Activity: 924
Merit: 1004
Firstbits: 1pirata
April 09, 2013, 08:12:59 PM
#4

legendary
Activity: 1611
Merit: 1001
April 09, 2013, 08:12:39 PM
#3
I think we'll see the result of what you've described we'll before $1000, and it will end up being the biggest catastrophe in bitcoindom to date.

nope
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