Why most BTC speculators will MAKE money

Discussion in 'Crypto Assets' started by peilthetraveler, Feb 12, 2014.

  1. Pekelo

    Pekelo

    Hey I have just bought at $460 on Gox and it is now $240, that was one quick ride. I think I am mortgaging the house, because of the cheap coins. Pets.com, here we go again!!!!
     
    #31     Feb 16, 2014
  2. Hoi

    Hoi

    You will do very well.... Coinbase's as well as Bitstamp's price (which is the real-market now) is still above $600 :)
     
    #32     Feb 16, 2014
  3. Hoi, say something...LOL

    Spectacular blow off.

    As I said in my post above, some BTC speculators will make money, but very, very few and they wil do so at the expense of the mass of morons that pile in and pay top rate and those that believe a virutal currency is quite safe stored in virtual exchanges.

    BTC has restored my faith in human nature in all its spledid stupidity. Good luck to those that have done the fleecing. The people they duped are so stupid they don't deserve to have money anyway.
     
    #33     Feb 25, 2014
  4. Hoi

    Hoi

    You awful Troll...are you trying to hurt me? Low...very Low!

    If you look at the chart, then current price ($530) is the same as yesterday. No "spectacular blow off" at all, and 100.000 Bitcoins were bought today, to catch some irrational low prices. I bought a few coins on $406 this morning as well (as it was too hard to resist), which I will hold for 3-years..... So ask me again, in 3-years time.

    For your info: I bought most of my coins 1 year ago as an investment for 4-years, I will accumulate at bargain prices, and look forward to what will become in 2016.
     
    #34     Feb 25, 2014
  5. Butterball

    Butterball

    I wouldn't call something with zero intrinsic value, no coupon payments and no collateral backing for the return of principal an investment. You're speculating, not investing. A minor, but important difference.
     
    #35     Feb 25, 2014
  6. Hoi

    Hoi

    There we go again... another post about "no intrinsic value"..... I will not repeat my answers (read my previous posts).

    By the way: I Mine as well...have invested heavily in mining-equipment, and do get paid by mining-fees.
     
    #36     Feb 25, 2014
  7. No need to hurt you, BTC will do that all by itself. You are one of the biggest fools I have ever encountered. I wont need to ask you again in 3 years, your total BTC holding will be worth zero long before then. I can't believe idiots are still buying into massive selling.
     
    #37     Feb 25, 2014
  8. Hoi

    Hoi

    Don't worry: I will revive your post in 2016...And then we all will :D about that guy who thought that the world around him was nuts while the real fool was himself...
     
    #38     Feb 25, 2014
  9. Hoi, good luck with your BTC holdings. I think you're on a hiding to nothing, but of course I could be wrong.

    You should be aware however that even if BTC achieves viability, the Dutch governemnt is already planning on implementing measures which will make it imopssible for Dutch citizens to legally hold BTC even if they use an offshore exchange. Germany is close on their heels with similar legislation.

    Groeten,

    Pieter
     
    #39     Feb 25, 2014
  10. Hoi

    Hoi

    Source please !

    Further: I have nothing to hide for Government nor IRS. I pay income-Tax on my mining activities (and can deduct all costs and loses), and property-tax on my holdings.
    Everything according the rules.
     
    #40     Feb 25, 2014