Bitcoin

[Reincarnate]

http://www.theguardian.com/technolog...cryptocurrency

womp womp womp

this is why timing the market is a bad idea, folks. You can't predict the future and so you risk losing money when stuff like this happens. If you happened to have gotten in-and-out with a profit, you got lucky and could have easily lost that money all the same.

Of course, if you're planning on holding for the long run, then this doesn't apply as much.

[L.B.D.D]

+$7500/3 = $2500 ea

not bad for collab between stats labmates

[Zapmeister]

FUCK THIS i bought in two days ago and i'm down 25-30%

i should get some dogecoins instead

[leonid]

I'm up 5 mil. Enough for early retirement

[Arkuski]

This is a perfect example of why capitalism is inherently bad. We need government to step in so that scams like this won't exist anymore. I mean think about it, why would I pay real money for fake money? Gosh sometimes people can be so stupid smh

[Izzy]

Originally Posted by Arkuski

This is a perfect example of why capitalism is inherently bad. We need government to step in so that scams like this won't exist anymore. I mean think about it, why would I pay real money for fake money? Gosh sometimes people can be so stupid smh

Do you really only use physical cash money for all transactions? That is impressive dedication to resist the new century.

[TheSaxRunner05]

Originally Posted by Arkuski

This is a perfect example of why capitalism is inherently bad. We need government to step in so that scams like this won't exist anymore. I mean think about it, why would I pay real money for fake money? Gosh sometimes people can be so stupid smh

Because the government would never scam people either, give government all the power they want.

[Izzy]

Not to mention bitcoins aren't even a scam. Stock markets go up and down all the time and sometimes they crash. It is your own fault for making the risky investment.

[Netjet!]

I wouldn't worry, as you said in the long run the price is going to stabilize at a higher amount. Cryptocurrencies as a whole are still in the infancy stage (more or less) so it's bound to have drops like this when governments try to figure out what to do with it.

[adlp]

Originally Posted by Reincarnate

http://www.theguardian.com/technolog...cryptocurrency

womp womp womp

this is why timing the market is a bad idea, folks. You can't predict the future and so you risk losing money when stuff like this happens. If you happened to have gotten in-and-out with a profit, you got lucky and could have easily lost that money all the same.

Of course, if you're planning on holding for the long run, then this doesn't apply as much.

iirc there has been a consistent flow of news reports in China these last couple of weeks about the government not liking BC. every post about that speculation on r/bitcoin was downvoted though cuz magic internet money

[GuidoHunter]

Originally Posted by Izzy

Do you really only use physical cash money for all transactions? That is impressive dedication to resist the new century.

Originally Posted by TheSaxRunner05

Because the government would never scam people either, give government all the power they want.

Originally Posted by Izzy

Not to mention bitcoins aren't even a scam. Stock markets go up and down all the time and sometimes they crash. It is your own fault for making the risky investment.

Is it always this easy, Arkuski?

--Guido

[korny]

Originally Posted by leonid

I'm up 5 mil. Enough for early retirement

If this is true then good for you man. I have lost the race to FFR's first millionaire

[Izzy]

Originally Posted by GuidoHunter

Is it always this easy, Arkuski?

--Guido

You should realize I was trolling him back with my first comment.

[devonin]

FishFishRevolution beat you to that years and years ago. He is the World's Strongest Millionaire.

[korny]

He's inactive so it doesn't count lol

[GuidoHunter]

I called my friend who had put $10k or so into bitcoins just to see how he was still faring. I've kind of lived the bitcoin adventure vicariously through him, and as I heard about its value skyrocketing lately I was hoping to hear that he sold since it's kind of a story of his life that risks he takes start out looking great then fall through.

Turns out he was deployed on a destroyer for the past few months and all the news surrounding bitcoin just wracked his nerves since he couldn't do much about it. Fortunately, though, he got into it early enough, so even with this latest drop he's up some ungodly number of percent.

--Guido

[Arkuski]

Originally Posted by Izzy

You should realize I was trolling him back with my first comment.

Ahh so you guys are catching on

Everyone should know DogeCoin is the future though 2daMoon

[Zapmeister]

lakdsjhfakjsdhfmloahfomiahewmfoiadshmlfsahmdgo

WHY THE FUCK DID BITCOINS JUST GO FROM $250 TO $162 ON FINEX IN 29 FUCKING MINUTES

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAARGH

[IamMe90]

glad i cashed out my whole .78 bitcoin i had left a few months ago

[top]

once again it looks like its time to buy low