BTC Naysayers... - GoFuckYourself.com - Adult Webmaster Forum

X

Webmaster Advertising

So Fucking Banned

Join Date: Sep 2003

Posts: 1360
Share

Post
#1

BTC Naysayers...

07-08-2013, 11:43 AM

My initial $2000 (roughly 4 months ago) BTC investment just paid our 40% deposit on a new 3br/2ba home.

But its just a Ponzi scheme.

That is all.

Say hi to mommy for me when you venture upstairs out of her basement.
Tags: None
Phoenix

BACON BACON BACON

Join Date: Nov 2002

Posts: 35475
Share

Post
#2

07-08-2013, 11:47 AM

good for you

Telegram PhoenixBrad
https://quantads.io
Comment
Webmaster Advertising

So Fucking Banned

Join Date: Sep 2003

Posts: 1360
Share

Post
#3

07-08-2013, 11:47 AM

Originally posted by Phoenix

good for you

Thank you
Comment
AsianDivaGirlsWebDude

Purveyor, Fine Asian Porn

Join Date: Jul 2004

Posts: 38323
Share

Post
#4

07-08-2013, 11:49 AM

No more trailer for you then, Congratz!

ADG

Asian Diva Girls - Exclusive Photos and Videos

Asian Diva Girls Affiliate Program (50% ccBill Revshare)
Comment
dyna mo

just a fucking jerk

Join Date: Dec 2008

Posts: 68184
Share

Post
#5

07-08-2013, 11:50 AM

+ i figure you had a blast learning and participating in a technology incubating.
Comment
geedub

Confirmed User

Join Date: Jun 2005

Posts: 3489
Share

Post
#6

07-08-2013, 11:51 AM

Reliable web host that actually cares, tell em geedub sent ya. Vacares
Comment
BlackCrayon

Too lazy to set a custom title

Join Date: Jun 2003

Posts: 19634
Share

Post
#7

07-08-2013, 11:52 AM

so you made 5k? better than nothing but i assume you cashed out before the big crash.

you don't know you're wearing a leash if you sit by the peg all day..
Comment
Webmaster Advertising

So Fucking Banned

Join Date: Sep 2003

Posts: 1360
Share

Post
#8

07-08-2013, 12:02 PM

Originally posted by dyna mo

+ i figure you had a blast learning and participating in a technology incubating.

I wouldn't say that but it was definitely a unique experience, we still have a few grand invested that we are just going to 'forget' about and in a year or two see what the value is at, right now even if we lose it, its 'free' money (once cashed out) so its not really a loss.

Maybe once things become a little more stabilized we'll pump some more $$$ into the different types of crypto currencies but for now we're done on the investing side of things, bigger and better things are coming that we want to focus on, the least of which being the new home
Comment
dyna mo

just a fucking jerk

Join Date: Dec 2008

Posts: 68184
Share

Post
#9

07-08-2013, 12:06 PM

gotcha, i know i've certainly had a blast with it.
Comment
Webmaster Advertising

So Fucking Banned

Join Date: Sep 2003

Posts: 1360
Share

Post
#10

07-08-2013, 12:09 PM

Originally posted by dyna mo

gotcha, i know i've certainly had a blast with it.

I'm hoping sometime in the next year or two the stock markets crash and burn forcing people into panic mode so they start buying BTC... That $3500 we have left should be worth a pretty penny if that scenario happens, so long as well cash out at the right time
Comment
dyna mo

just a fucking jerk

Join Date: Dec 2008

Posts: 68184
Share

Post
#11

07-08-2013, 12:17 PM

Originally posted by Webmaster Advertising

I'm hoping sometime in the next year or two the stock markets crash and burn forcing people into panic mode so they start buying BTC... That $3500 we have left should be worth a pretty penny if that scenario happens, so long as well cash out at the right time

the fascinating thing about btc is it behaves like a start-up but it's actually a cottage industry, a start-up can survive 1 bubble, an industry can survive many and usually the next one is always bigger than the previous one. at least, that's my take on it.
Comment
stashnetwork

So Fucking Banned

Join Date: Jun 2012

Posts: 66
Share

Post
#12

07-08-2013, 12:22 PM

Originally posted by dyna mo

the fascinating thing about btc is it behaves like a start-up but it's actually a cottage industry, a start-up can survive 1 bubble, an industry can survive many and usually the next one is always bigger than the previous one. at least, that's my take on it.

i agree...
Comment
Harmon

( ͡ʘ╭͜ʖ╮͡ʘ)

Join Date: Mar 2004

Posts: 20012
Share

Post
#13

07-08-2013, 12:42 PM

ITT: People calling a "down payment" on a home loan when it's actually a discount night at Motel 6

[email protected]
Comment
halfpint

GFY's Halfpint

Join Date: Jun 2007

Posts: 15223
Share

Post
#14

07-08-2013, 12:44 PM

Nice .. There is money to be made in cryptocoins keep an eye on litecoins and feathercoins

Get FREE website listings on Cryptocoinshops.net
Comment
kane

Too lazy to set a custom title

Join Date: Aug 2001

Posts: 20684
Share

Post
#15

07-08-2013, 01:14 PM

I don't want to rain on your parade, but I am curious. You must live somewhere where property is pretty cheap. It seems, based on the charts I see, that around 4 months ago you could get a bitcoin for about $20-$30. So assume you got yours for $20. Your 100 bitcoins would then cash out recently at around $80 per for a total of $8,000.

So the house only costs around $20,000? Am I missing something?
Comment
- Jesus Christ -

Confirmed User

Join Date: Mar 2003

Posts: 7197
Share

Post
#16

07-08-2013, 01:23 PM

Originally posted by kane

Am I missing something?

Just like any economy there are all kinds of things going on within the bitcoin community to make more bitcoin.

I'm pretty sure he was invested in a mining company.

Amen
Comment
Webmaster Advertising

So Fucking Banned

Join Date: Sep 2003

Posts: 1360
Share

Post
#17

07-08-2013, 01:30 PM

Originally posted by - Jesus Christ -

Just like any economy there are all kinds of things going on within the bitcoin community to make more bitcoin.

I'm pretty sure he was invested in a mining company.

You're correct.

We were heavily invested into ASICMINER-PT, we were lucky that we got out before the huge drop in share value last week although, we do still have some shares just 'floating'.

It sucks that both share price and overall BTC value dropped at the same time but that is par for the course I guess on something like BTC.

The expected value jump in LTC over the coming weeks once/if they get added to GOX will be good though, so long as our LTC sell, that will be another 40+ BTC which we will either cashout or throw back into ASICMINER-PT.

One of the concerns I have with ASICMINER right now is that the dividends have been smaller the past 5 weeks based on a higher share price, I just couldn't justify holding funds up any longer given our situation with the house, etc compared to lower dividend payouts.
Comment
kane

Too lazy to set a custom title

Join Date: Aug 2001

Posts: 20684
Share

Post
#18

07-08-2013, 01:35 PM

Originally posted by Webmaster Advertising

You're correct.

We were heavily invested into ASICMINER-PT, we were lucky that we got out before the huge drop in share value last week although, we do still have some shares just 'floating'.

It sucks that both share price and overall BTC value dropped at the same time but that is par for the course I guess on something like BTC.

The expected value jump in LTC over the coming weeks once/if they get added to GOX will be good though, so long as our LTC sell, that will be another 40+ BTC which we will either cashout or throw back into ASICMINER-PT.

One of the concerns I have with ASICMINER right now is that the dividends have been smaller the past 5 weeks based on a higher share price, I just couldn't justify holding funds up any longer given our situation with the house, etc compared to lower dividend payouts.

That makes more sense.

Hell, if you were buying a nice 3br house for $20K I was going to move
Comment
BlackCrayon

Too lazy to set a custom title

Join Date: Jun 2003

Posts: 19634
Share

Post
#19

07-08-2013, 01:50 PM

Originally posted by kane

That makes more sense.

Hell, if you were buying a nice 3br house for $20K I was going to move

if 8k was 40% then you could guess he was paying 5% downpayment on a home that cost something like 350k.

you don't know you're wearing a leash if you sit by the peg all day..
Comment

Previous template Next

Working...