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Forum » Misc Bitcoiners... I think you should probably get out now.
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Thread: Misc Bitcoiners... I think you should probably get out now.

post 1537242111 12-11-2017, 11:10 PM
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#91
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Ahh the monthly sell your BTC thread... right on queue... for the last 5 years on the MISC.
#FreeCryptoBandit
post 1537242151 12-11-2017, 11:11 PM
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Originally Posted By straightflexing⏩
how do you cash out 40k in real money? its not possible...
Why are these crypto doomsayer threads always filled with people who have no idea how this works, even at the most basic level?
Jekyll Jekyll Hyde, Jekyll Hyde, Hyde, Jekyll!
post 1537242191 12-11-2017, 11:11 PM
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Originally Posted By KilaByte⏩
I'm at a little over 6400% profit as we speak, If anyone can point me to anything "safe" that has a quarter of the ROI I'm all ears.
Jesus...

Somebody who's invested in something so risky asking for safe investments that have a quarter of 6,400% is really in danger. This is why I made this thread lol.
post 1537242301 12-11-2017, 11:13 PM
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I posted a helpful warning a few days ago and was met with "lolokbrah." Cliffs of my concerns:

-reports that 1k ppl own 40% of market cap and they all communicate with eachother
-no regulation, it is widely reported insider trading runs rampant
-these 1k ppl, or even less, can coordinate when to crash the whole thing by selling
-now that futures are trading, they can coordinate a short and profit from the crash as well
-reports also show that these 1k insiders hire shills or shill themselves on msg boards--chances are very good that someone hyping bitcoin on misc is hired to do so

TL;DR a few ppl are going to get very rich off of bitcoin: insiders and lucky ppl
mo e
post 1537242421 12-11-2017, 11:14 PM
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Originally Posted By Hadtodoit⏩
Lol not mad. We're talking about investing methods, don't make this about my personal finances or I'll embarrass you.

Anyway.. I wish you knew how ignorant this sounded. Congrats on buying this and having it 3,000% but you're about as impressive as a guy who's way up at the craps table at a casino right now. Bragging only makes you look bad about it. Super happy you made that, just trying to keep you educated.


I'd seriously consider walking away with that giant win if I were you.
no traditonal "investment method" is ever going to net you more than a 10-15% gain in a given year bubba.

...and im not bragging, i know plenty of people who made more than me this year.

i take my profits when i can, thx though.
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post 1537242511 12-11-2017, 11:16 PM
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Originally Posted By blckndyllw⏩
Why are these crypto doomsayer threads always filled with people who have no idea how this works, even at the most basic level?
Blckndyllow


Educate yourself man. The threads linked in the OP are FILLED with pages and pages of extremely experienced and knowledgeable posters on investing forums talking about bitcoin.

You're filling your posts with confirmation bias. There are hundreds of educated posts on Bitcoin as an "investment" yet you're ignoring all of those and quoting the one guy who didn't understand withdraw trying to act like you know more. That's confirmation bias. Read up, educated people are discussing it in those threads.
post 1537242621 12-11-2017, 11:18 PM
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Originally Posted By Hadtodoit⏩
Blckndyllow


Educate yourself man. The threads linked in the OP are FILLED with pages and pages of extremely experienced and knowledgeable posters on investing forums talking about bitcoin.
youve said this about 20x now, insecure much?

most of these people are old and do not even understand the tech behind the blockchain or tangle

theyre the same idiots who turn on Jim Cramer every night and invest into Macys and Under Armour
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post 1537242751 12-11-2017, 11:21 PM
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My friend has made 10k in one week with Cyrptos

Just lol at getting those sort of returns with anything else

And this was with a 10k initial investment
Future P.A in progress
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sleep tight pupper
post 1537242761 12-11-2017, 11:21 PM
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There's no reason bitcoin should be valued over gold. Gold is superior to bitcoin. Bitcoins only value comes from it's use as money. Gold is objectively superior to bitcoin as money as it doesn't rely on a massive electronic infrastructure to work, there's no trail of transactions (ledger), I can go into the woods and trade someone my gold for something and nobody would know, it can't be destroyed in fire, water, or naturally occurring elements. Can be melted down and recombined into larger/smaller pieces without losing value. Gold also has intrinsic value as it's use as a metal in electronics and as jewelry, not just as money. There's a reason gold was used as money for thousands of years. It can be traded digitally just like bitcoin now too. Literally the only reason bitcoin is currently valued over gold is because of the hype and speculation. The market will correct itself.

Can definitely make a killing in the short term trading bitcoin, but I wouldn't hold it long term. IMO bitcoin should be valued slightly under gold, so around $1000 USD for a bitcoin. IMO the market correction will bring bitcoin to it's logical value...

(both gold and bitcoin are far superior to fiat currency btw)
post 1537242841 12-11-2017, 11:22 PM
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the more I learn about bitcoin and block chain the more I'm convinced its the future, much like interac debit cards
post 1537242961 12-11-2017, 11:23 PM
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Originally Posted By RightKindaGuy⏩
youve said this about 20x now, insecure much?

most of these people are old and do not even understand the tech behind the blockchain or tangle

theyre the same idiots who turn on Jim Cramer every night and invest into Macys and Under Armour
Why would you call me insecure for telling the other guy to educate himself and read up on the forum I linked.. wtf?

Alright, you made this way too personal even after I said don't do that. You flat out sound like an idiot and I'd bet that even most of the bitcoin buyers in here would agree to that. Good luck man.
post 1537243011 12-11-2017, 11:25 PM
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i have put like 1k in BTC. if I sell now I will have made 1k. if i wait and it balloons I will make 100k. if it bombs I will lose 1k. do the risk/reward on that OP.
post 1537243151 12-11-2017, 11:27 PM
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Originally Posted By MiamiLife305⏩
My friend has made 10k in one week with Cyrptos

Just lol at getting those sort of returns with anything else

And this was with a 10k initial investment
With that same logic I should be envious of my buddy who hit a jackpot at the slot machines last year at the casino and made like 10,000% interest rate, and try to go repeat what he did right?

God you guys worry me. You're going to go broke if you step into this investing world without knowledge, serious. You can't chase things like that.. I'm super happy it paid off for you but cash out and walk away on something if it is a giant statistical anomaly and you won from it.
post 1537243221 12-11-2017, 11:28 PM
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#104
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Originally Posted By 5431⏩
i have put like 1k in BTC. if I sell now I will have made 1k. if i wait and it balloons I will make 100k. if it bombs I will lose 1k. do the risk/reward on that OP.
If I put $2 on the lotto and win I will have made 100 million dollars. If I lose I will lose $2, do the risk/reward on that timmothy
post 1537243231 12-11-2017, 11:28 PM
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Originally Posted By 5431⏩
i have put like 1k in BTC. if I sell now I will have made 1k. if i wait and it balloons I will make 100k. if it bombs I will lose 1k. do the risk/reward on that OP.
Jesus you guys are completely hopeless lol.

Alright dude. Let me know when your $1,000 turns into $100,000 and you're balling out in your new Mercedes, we'll be envious bro.
post 1537243241 12-11-2017, 11:28 PM
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#106
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Originally Posted By Hadtodoit⏩
With that same logic I should be envious of my buddy who hit a jackpot at the slot machines last year at the casino and made like 10,000% interest rate, and try to go repeat what he did right?

God you guys worry me. You're going to go broke if you step into this investing world without knowledge, serious. You can't chase things like that.. I'm super happy it paid off for you but cash out and walk away on something if it is a giant statistical anomaly and you won from it.
Wasn't me

Was my friend, I havn't won anything yet but a 150% return so far in 3 days
Originally Posted By thorpowers⏩
If I put $2 on the lotto and win I will have made 100 million dollars. If I lose I will lose $2, do the risk/reward on that timmothy
Not the same thing
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sleep tight pupper
post 1537243381 12-11-2017, 11:33 PM
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Originally Posted By MiamiLife305⏩
Not the same thing
Why isn't it the same thing? Seriously, lol @ anyone who buys bitcoin. Lotto tickets have like 2,000,000,000% returns.

Yeah, do the risk/reward on that. That's what I thought.
post 1537243491 12-11-2017, 11:35 PM
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#108
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Originally Posted By thorpowers⏩
There's no reason bitcoin should be valued over gold. Gold is superior to bitcoin. Bitcoins only value comes from it's use as money. Gold is objectively superior to bitcoin as money as it doesn't rely on a massive electronic infrastructure to work, there's no trail of transactions (ledger), I can go into the woods and trade someone my gold for something and nobody would know, it can't be destroyed in fire, water, or naturally occurring elements. Can be melted down and recombined into larger/smaller pieces without losing value. Gold also has intrinsic value as it's use as a metal in electronics and as jewelry, not just as money. There's a reason gold was used as money for thousands of years. It can be traded digitally just like bitcoin now too. Literally the only reason bitcoin is currently valued over gold is because of the hype and speculation. The market will correct itself.

Can definitely make a killing in the short term trading bitcoin, but I wouldn't hold it long term. IMO bitcoin should be valued slightly under gold, so around $1000 USD for a bitcoin. IMO the market correction will bring bitcoin to it's logical value...

(both gold and bitcoin are far superior to fiat currency btw)
i agree wth a lot of what you said but bitcoin is more limited in supply, more fungible, more divisible and easier to transport and secure than gold.

it is therefore, in many aspects, superior to gold as a convenient store of value.

however, it doesn't have the long tradition nor the intrinsic value that gold has. even if gold becomes worthless you can still make pretty, shiny things with it.

the same can't be said about intangible bitcoins, which would no longer serve any purpose. bitcoin isn't really backed by anything either, only naked trust. fiat money has no intrinsic value either, but it is at least backed by something that is inescapable: debt.
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post 1537243721 12-11-2017, 11:41 PM
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#109
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Originally Posted By Hadtodoit⏩
Why isn't it the same thing? Seriously, lol @ anyone who buys bitcoin. Lotto tickets have like 2,000,000,000% returns.

Yeah, do the risk/reward on that. That's what I thought.
This post just told me to never listen to anything you say

Research =/= blind luck from a lotto ticket
Originally Posted By RightKindaGuy⏩
i agree wth a lot of what you said but bitcoin is more limited in supply, more fungible, more divisible and easier to transport and secure than gold.

it is therefore, in many aspects, superior to gold as a convenient store of value.

however, it doesn't have the long tradition nor the intrinsic value that gold has. even if gold becomes worthless you can still make pretty, shiny things with it.

the same can't be said about intangible bitcoins, which would no longer serve any purpose. bitcoin isn't really backed by anything either, only naked trust. fiat money has no intrinsic value either, but it is at least backed by something that is inescapable: debt.
bolded part is what worries me
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post 1537243851 12-11-2017, 11:43 PM
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Originally Posted By MiamiLife305⏩
This post just told me to never listen to anything you say

Research =/= blind luck from a lotto ticket
Yeah dude... it was sarcasm. I'm mocking you and your post in here bragging about 10k return on a 10k investment, and you bragging about that for your friend. You're just unaware of how investing works from the way it seems.

This is way too frustrating. Good luck to you guys lol. I (and the others in here, and mostly the people on the other forum from the OP) were trying to help you wrap your head around what reality is before it slaps you in the face.
post 1537243861 12-11-2017, 11:43 PM
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Originally Posted By Hadtodoit⏩
Seriously, lol @ anyone who buys bitcoin.
BTC isnt the "best" blockchain but it is the most famous one, kinda like Apple

the tech behind some of the blockchain/tangle projects is worth researching further. im not telling you to invest into cyrpto but id approach it with an open mind

there will be great opportunities next year in this space. id hate to see an opportunity pass anyone by without at least considering it as an investment possibility.
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post 1537243921 12-11-2017, 11:44 PM
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Originally Posted By RightKindaGuy⏩
i agree wth a lot of what you said but bitcoin is more limited in supply, more fungible, more divisible and easier to transport and secure than gold.

it is therefore, in many aspects, superior to gold as a convenient store of value.

however, it doesn't have the long tradition nor the intrinsic value that gold has. even if gold becomes worthless you can still make pretty, shiny things with it.

the same can't be said about intangible bitcoins, which would no longer serve any purpose. bitcoin isn't really backed by anything either, only naked trust. fiat money has no intrinsic value either, but it is at least backed by something that is inescapable: debt.
When the government wants your bitcoin they will throw you in prison till they get what they want. Gold has no paper trail tied to it. I could have mined it in my back yard for all the government knows. If they know I have it and come for it, I could say it was stolen. Bitcoin has an open ledger, everyone can see what you have. I agree bitcoin is superior in some ways, but gold is in others. There is no objective reason for bitcoin to have it's current valuation. When the masses and everyday people are getting into bitcoin that don't understand it, and it's valuation has gone parabolic in the past month, that's when you know it's a huge bubble and needa get out. It will crash, I don't think to zero, but to it's logical value slightly under gold.

Trading bitcoin for short term gains is risky but huge rewards. I'll hold gold and silver long term over bitcoin though. We are 8+ years in a bull market. Over due for a recession, when the economy goes south, bitcoin will be the first thing people sell, and it will crash.
post 1537243951 12-11-2017, 11:45 PM
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#113
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I still hold BTC and will never sell them. Most my BTC predictions have been right. Look at all my post history:

https://forum.obnoxiousbrutes.com/showt...post1484415481

Its just happening a lot faster than i predicted. BTC is going to 100k.
Hi im vietcong666. Nice to meet you.
post 1537244071 12-11-2017, 11:48 PM
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Originally Posted By Hadtodoit⏩
Yeah dude... it was sarcasm. I'm mocking you and your post in here bragging about 10k return on a 10k investment, and you bragging about that for your friend. You're just unaware of how investing works from the way it seems.

This is way too frustrating. Good luck to you guys lol. I (and the others in here, and mostly the people on the other forum from the OP) were trying to help youwrap your head around what reality is before it slaps you in the face.
You sound petty

You seem frustrated people are doing things the way you won't and because of that they must be wrong, and you also sound like you are hoping for a big crash just to say "I told you so"

In the first few posts you sounded like you were legit and wanted to give advice and help which was fine, but now you've turned into what you posted above
Originally Posted By thorpowers⏩
When the government wants your bitcoin they will throw you in prison till they get what they want. Gold has no paper trail tied to it. I could have mined it in my back yard for all the government knows. If they know I have it and come for it, I could say it was stolen. Bitcoin has an open ledger, everyone can see what you have. I agree bitcoin is superior in some ways, but gold is in others. There is no objective reason for bitcoin to have it's current valuation. When the masses and everyday people are getting into bitcoin that don't understand it, and it's valuation has gone parabolic in the past month, that's when you know it's a huge bubble and needa get out. It will crash, I don't think to zero, but to it's logical value slightly under gold.

Trading bitcoin for short term gains is risky but huge rewards. I'll hold gold and silver long term over bitcoin though. We are 8+ years in a bull market. Over due for a recession, when the economy goes south, bitcoin will be the first thing people sell, and it will crash.
You may be right and sounds like you might
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post 1537244161 12-11-2017, 11:49 PM
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Originally Posted By RightKindaGuy⏩
BTC isnt the "best" blockchain but it is the most famous one, kinda like Apple

the tech behind some of the blockchain/tangle projects is worth researching further. im not telling you to invest into cyrpto but id approach it with an open mind

there will be great opportunities next year in this space, id hate to see an opportunity pass anyone by without at least considering it as an investment possibility.
Now that's a reasonable post from you.

What worries me are the guys here who think A) this is repeatable or normal or B) get greedy thinking it's going to continue so they bet too heavily on it. I know I'm a broken record but I encourage you and all of you to read the threads I posted in the OP.

I've had buddies who think like that then they lose everything and find themselves depressed and don't want to see you guys like that.
post 1537244601 12-11-2017, 11:59 PM
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#116
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Has OP posted a screenshot of his actual gain/loss% this year from his traditional investment portfolio?

No?

Okay, moving on
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post 1537244651 12-12-2017, 12:01 AM
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Originally Posted By Omnivium⏩
Meh, traditional investors have been trying to scare us away from bitcoin since it was created, yet it keeps going up. Maybe they need to get with the times

I know it is very risky, but it would need to crash to around $4000 and never come back up for me to lose money. I don't think that will happen any time soon
It's not going up because its generating value. It's going up becase a few own the majority of bitcoins and can use that to effect the market.
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post 1537244671 12-12-2017, 12:02 AM
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#118
  1. xLGx
  2. anaBAWLik
  1. xLGx
  2. anaBAWLik
  3. Join Date: Aug 2012
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Originally Posted By Lawlstud⏩
It's not going up because its generating value. It's going up becase a few own the majority of bitcoins and can use that to effect the market.
Welcome to every stock ever.
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post 1537244711 12-12-2017, 12:03 AM
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#119
  1. VolvoCEO
  2. 5'6" manmore
  1. VolvoCEO
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i am playing safe

i dumped half of my bitcoins

keeping half incase it is still going up

i wont complain for the further profit that i didnt make

but i cannot afford to lose everything here so i decided to go moderate
post 1537244731 12-12-2017, 12:04 AM
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#120
  1. Hadtodoit
  2. Banned
  1. Hadtodoit
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Originally Posted By MiamiLife305⏩
You seem frustrated people are doing things the way you won't and because of that they must be wrong, and you also sound like you are hoping for a big crash just to say "I told you so"
I don't think it's petty.

1) posts like yours do more harm to the overall population than good. Do you realize how many guys have lost all of their savings not being educated, but reading posts like yours bragging (for your friend or anyone) about a 10k return on a 10k stock. They begin to think that's smart or normal and chase that, which leads to significantly worse results for them on average. Yes I'm frustrated but only because of the harm posts like yours do.

2) They aren't wrong because they aren't "doing what I'm doing", they're wrong factually and statistically according to history and methods that other people devised. It isn't about me, but someone picking certain stocks themselves hoping for something like a 10k return on a 10k investment short term is much more likely to lose their ass than someone who researched things on a real investing forum like the one I said. It has nothing to do with them not "doing what I do" - it's that they're literally doing the wrong thing and it willmost likelyhurt them. Not always, but most likely.

Nobody knows where it will go but I am genuine with this warning lol. I'm super happy for those who made money but GUYS this roller coaster is going WAY too high.. I'm just worried for the few posters here who are over-invested, got a little excited, and don't know enough but deserve to do well. To them, my $0.02 is take your W and walk.
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