Bitcoin WORST INVESTMENT (I TOLD U GUYS!!) - Page 2 - GoFuckYourself.com

Dead · 04-03-2014, 04:37 PM

Quote:

Originally Posted by mineistaken

How can anything - gold or currency included hold the same value every day? It is impossible.

It can not, only what the market allows.....look at fuel, that is a great precursor of "current market value"

The booty pimp · 04-03-2014, 05:30 PM

Quote:

Originally Posted by notinmybackyard

Me personally I have no intention of buying bitcoins
I see it as volatile and erratic. Not to forget that we have no idea of how governments are going to react to it. Also there really is no such thing as "long term" when it comes to any kind of technology. But if you can buy in when the coins are low and get out before the shit hits the fan then I wish everyone doing that best of luck.

As for the porn industry,
I have no complaints. It took a little re-thinking and re-working. Our profits margins are increasing and there is a fair amount of room for us to conservtively expand our operations.

I agree

The booty pimp · 04-03-2014, 05:39 PM

Quote:

Originally Posted by Dirty F

Yes it's volatile. It's new, small and abused by day traders. But for someone accepting Bitcoin this is no problem as the processor will right away transfer it to USD.

What you are left with is an instant payment system with near 0 fees, no chargebacks and anonymous payments. But fuck that right, who would want that if you can accept credit cards for 15% and all the problems that come with it.

Also the Bitcoin trolls have been screaming for a year already how the US will ban it. Guess what, it ain't gonna happen. But they will just ignore that and find something else to use in these threads.

Bitcoin might fail but the technology behind it won't go away. It's here to stay and it will get huge.
There are people who understand that and people who don't. And from those who don't you have people who are willing to learn and people like the topic starter who are just ignorant and sad.

One of the most brilliant pieces of technology of the last 10 years with abilities to change so fucking much, online and offline and all these idiots do is start threads screaming in caps how it goes down and how they told us so. As if they understand even 1% of what's going on.

Regardless of the money it can make me i hope Bitcoin will get huge. If not Bitcoin then Bitcoin 2.0 whatever that will be. And i'm pretty damn sure it will. And people like the thread starter will get it 1 day. And actually use it. And they will realize how goddamn fucking stupid they looked every time they started posts like this one.

Even people like JFK. Fucking clueless dinosaur idiot. Was shooting 640x480 pics till just a few years ago. Thinks he now understands Bitcoin and knows why it and its core will fail. Hilarious.

get your panties out a bunch guy .. im stating the obvious of what was gonna happen with all the controversy surrounding bitcoin..didn't say I designed it

The booty pimp · 04-03-2014, 05:42 PM

Quote:

Originally Posted by Brian837

you told us? What did you base this on? Just feeling extra smart one day or because you do not understand it so it must be a bad thing which is why most think it will be worth nothing LOL. It is normal for people to reject something they can not grasp or understand.
I have made enough to get back on track and even ten times better then my goals were five years ago when I was killing it in adult.
I cannot talk too long though because I play golf 4-5 times a week and I would not want the 2 hours a day that I work get in the way of anything lol.
Thanks to the worthless bitcoin I will never work again.
So if the 300+ coins that I have left sell for 1K or crash to 2 cents it will not effect my life one bit.
Well that is not all true. If they sell for 1k I will be back to post in your hate threads even more haha

Great!! your rich off of bitcoin! give me your address so I can send your commendation star!

Penny24Seven · 04-03-2014, 06:30 PM

Quote:

Originally Posted by The booty pimp

Great!! your rich off of bitcoin! give me your address so I can send your commendation star!

I wish I was rich. Just stating the fatcs like you did LOL. The OP is wrong that is all.
He can repost when it gets to 25 bucks

edgeprod · 04-03-2014, 07:27 PM

Quote:

Originally Posted by Brian837

say what? I took a bunch of broken shit and scrap gold in a little over a year ago and sold it for almost 7000 USD. Five years ago I would have gotten maybe half that. Not sure but how can you say it is traded for the same?

This is more a reflection on the falling value of the dollar than the rising value of gold.

The dollar is a fiat currency, gold is an intrinsically value commodity. Gold has a specific immutable value, the dollar has a variable exchange rate and innate fungibility.

Dirty F · 04-04-2014, 06:47 AM

Quote:

Originally Posted by Dead

Warms my heart to see you care, I remember you as the one who hated the whole idea....could be mistaken thou

Wasn't me.

ilnjscb · 04-04-2014, 06:55 AM

Quote:

Originally Posted by Paul

Thanks for adding absolutely nothing to this thread!

Bitcoin has increased significantly in value year on year for the past few years. Those are the facts

Crypto currency has gone from being worth millions to billions within 2 years, you spastics continue to bash and mock it. Most of you retards wouldn't be able to capitalise on an opportunity if it smacked you in the face!

Nice personal attack and use of zero economic or financial arguments. What I posted was a fact, and month over month, and quarter over quarter are real metrics, which you'd know if you ever invested in anything real.

BTC is DOWN month over month, and DOWN quarter over quarter. Any real investor considers that; also look at the bollinger bands, which have it at the bottom of its moving average - or is that common and widely respected investment evaluation metric "retarded" too?

Truth is, 47 people own a quarter of all bitcoins, and 927 people own half. You, who are not one of those people, are along for the ride.

Dude, if you made a few thousand, great. You don't need to be an evangelist for something you don't understand just cause you got lucky.

If are fleecing the idiots, which I very much doubt, I give you respect, but I don't chose to live like you. I'll continue to say the truth, and you continue to peddle your hopeful bullshit and personal attacks, and life goes on.

Dirty F · 04-04-2014, 07:12 AM

Quote:

Originally Posted by ilnjscb

Nice personal attack and use of zero economic or financial arguments. What I posted was a fact, and month over month, and quarter over quarter are real metrics, which you'd know if you ever invested in anything real.

BTC is DOWN month over month, and DOWN quarter over quarter. Any real investor considers that; also look at the bollinger bands, which have it at the bottom of its moving average - or is that common and widely respected investment evaluation metric "retarded" too?

Truth is, 47 people own a quarter of all bitcoins, and 927 people own half. You, who are not one of those people, are along for the ride.

Dude, if you made a few thousand, great. You don't need to be an evangelist for something you don't understand just cause you got lucky.

If are fleecing the idiots, which I very much doubt, I give you respect, but I don't chose to live like you. I'll continue to say the truth, and you continue to peddle your hopeful bullshit and personal attacks, and life goes on.

The thing if every time Bitcoin goes up you people are completely quiet. When it goes down for a while it's the usual "I TOLD YOU SOOOOOOO LOLFROFL BITCOIN IS BROKE" bullshit.
Don't you just get tired of it?

edgeprod · 04-04-2014, 07:25 AM

Quote:

Originally Posted by Dirty F

The thing if every time Bitcoin goes up you people are completely quiet. When it goes down for a while it's the usual "I TOLD YOU SOOOOOOO LOLFROFL BITCOIN IS BROKE" bullshit.
Don't you just get tired of it?

Evidence shows that no ... they apparently do not.

Dirty F · 04-04-2014, 08:04 AM

Quote:

Originally Posted by edgeprod

Evidence shows that no ... they apparently do not.

I wanted to reply to you in another topic but i could swear you had me on ignore hmm.

Paul · 04-04-2014, 09:19 AM

Quote:

Originally Posted by ilnjscb

Nice personal attack and use of zero economic or financial arguments. What I posted was a fact, and month over month, and quarter over quarter are real metrics, which you'd know if you ever invested in anything real.

Perhaps you're a day trader, I dunno.

Personally I'd never make an investment decision based on such short term data.

Quote:

Originally Posted by ilnjscb

BTC is DOWN month over month, and DOWN quarter over quarter. Any real investor considers that; also look at the bollinger bands, which have it at the bottom of its moving average - or is that common and widely respected investment evaluation metric "retarded" too?

Do you know what? I apologise for the abusive language, truth be told I was having a rant because the DVTimes types annoy me and tend to be the type that post crypto currency threads even though they've never invested or even used the thing.

Since you're clearly more knowledgeable than us in this field, would you be so kind as to explain to us why Bitcoin and crypto currency is down month on month and down quarter over quarter?

And more importantly why do you feel that long term i.e. Year On Year that it's a bad investment going forward?

Quote:

Originally Posted by ilnjscb

Dude, if you made a few thousand, great. You don't need to be an evangelist for something you don't understand just cause you got lucky.

Made a lot more than that! I bought Litecoin at around $2.4 and sold over $40, I also bought Quark around $0.03 and sold at $0.24 - That was nothing more than a pre mined junk coin but the Bill Still endorsement increased it's value by a stupid amount inside a week!

I've made mistakes too, I regret not getting into mining this time last year. That was a mistake, wish I had of bought Dogecoin back in December. I remember reading edgeprod's or Brian837s posts? about them when he was buying up all he could and thinking "I'm not sure about this one"

I remember a post I made mocking Franck for his buy and hold Bitcoin strategy when he could been trading the swings, well hand up! I lost money in Mt Gox

Stupidity on my part for being greedy, bloody shame too because I was up around 600% from trading the volatility in February.

Quote:

Originally Posted by ilnjscb

If are fleecing the idiots, which I very much doubt, I give you respect, but I don't chose to live like you. I'll continue to say the truth, and you continue to peddle your hopeful bullshit and personal attacks, and life goes on.

You should read over the posts I've made over the past year in Bitcoin threads, I'm one of the few people that posted balanced info. I'm not an expert, I don't have a crystal ball but I certainly didn't post only positive things about Bitcoin and get upset when anyone said anything negative

Truth is anyone who has half a clue what they're doing isn't going to lose money in this

edgeprod · 04-04-2014, 10:01 AM

Quote:

Originally Posted by Dirty F

I wanted to reply to you in another topic but i could swear you had me on ignore hmm.

Why would I have you on ignore? There are so many idiots here, that it doesn't make sense to censor people who make sense, even some of the time.

The booty pimp · 04-04-2014, 10:15 AM

Quote:

Originally Posted by ilnjscb

Nice personal attack and use of zero economic or financial arguments. What I posted was a fact, and month over month, and quarter over quarter are real metrics, which you'd know if you ever invested in anything real.

BTC is DOWN month over month, and DOWN quarter over quarter. Any real investor considers that; also look at the bollinger bands, which have it at the bottom of its moving average - or is that common and widely respected investment evaluation metric "retarded" too?

Truth is, 47 people own a quarter of all bitcoins, and 927 people own half. You, who are not one of those people, are along for the ride.

Dude, if you made a few thousand, great. You don't need to be an evangelist for something you don't understand just cause you got lucky.

If are fleecing the idiots, which I very much doubt, I give you respect, but I don't chose to live like you. I'll continue to say the truth, and you continue to peddle your hopeful bullshit and personal attacks, and life goes on.

Klen · 04-04-2014, 10:31 AM

Quote:

Originally Posted by mineistaken

How can anything - gold or currency included hold the same value every day? It is impossible.

It can,first some currencies are pegged to euro or dollar or german mark,meaning they have fixed value against them,tho it changes against other currencies.Another thing,while euro and dollars are not fixed value,their changes are very little and in most cases if it drop you wont lose much compared to bitcoin where you could lose fortune in one day.
So what i would like to see,it something what could be called eurocoin or dollarcoin,which will work same way as bitcoin but with pegged value to named currency.

Nice_Nick · 04-04-2014, 11:01 AM

Who fucking cares if the value today is up or down?
The point is that Bitcoin is an incredible technology that if it is utilized to it's full advantage has some huge benefits over current options.
Bitcoin may fail, evolve or prosper long term but no-one can say that it doesn't have a future, even today.
Whether you like the idea or not Bitcoin is still worth $400 each which isn't exactly chump change.

Also, who cares is like 100 people own all the Bitcoin? I seem to remember a thread here that went something like 47 people own 90% of the worlds wealth.

I see it as a progressive technology which, at some point in the next few years could pave the way for better payment systems and more control over all our finances whether this is controlled by the government or not.

420 · 04-04-2014, 11:03 AM

Am I too late for the circle jerk?

ruff · 04-04-2014, 01:06 PM

Quote:

Originally Posted by 420

Am I too late for the circle jerk?

No, you can be pivot man.

ilnjscb · 04-07-2014, 08:57 AM

Quote:

Originally Posted by Paul

Perhaps you're a day trader, I dunno.

Personally I'd never make an investment decision based on such short term data.

Do you know what? I apologise for the abusive language, truth be told I was having a rant because the DVTimes types annoy me and tend to be the type that post crypto currency threads even though they've never invested or even used the thing.

Since you're clearly more knowledgeable than us in this field, would you be so kind as to explain to us why Bitcoin and crypto currency is down month on month and down quarter over quarter?

And more importantly why do you feel that long term i.e. Year On Year that it's a bad investment going forward?

Made a lot more than that! I bought Litecoin at around $2.4 and sold over $40, I also bought Quark around $0.03 and sold at $0.24 - That was nothing more than a pre mined junk coin but the Bill Still endorsement increased it's value by a stupid amount inside a week!

I've made mistakes too, I regret not getting into mining this time last year. That was a mistake, wish I had of bought Dogecoin back in December. I remember reading edgeprod's or Brian837s posts? about them when he was buying up all he could and thinking "I'm not sure about this one"

I remember a post I made mocking Franck for his buy and hold Bitcoin strategy when he could been trading the swings, well hand up! I lost money in Mt Gox

Stupidity on my part for being greedy, bloody shame too because I was up around 600% from trading the volatility in February.

You should read over the posts I've made over the past year in Bitcoin threads, I'm one of the few people that posted balanced info. I'm not an expert, I don't have a crystal ball but I certainly didn't post only positive things about Bitcoin and get upset when anyone said anything negative

Truth is anyone who has half a clue what they're doing isn't going to lose money in this

Ok. Sorry about getting wiggy there at the end.

I actually don't do what Frank and edgeprod say above, i.e. celebrate when this particular instrument is down. I believe a real extra-governmental digital currency is very necessary. For instance, I'm convinced anonymous or cloaked micropayment capability would increase revenues in this industry. I don't know if an anonymous digital currency is actually viable, as opposed to theoretically viable.

That said, BTC is too small, it is held by too few, and the "demand" is the result of the small trading volume rather than its being suited to safe international transactions. The founder, a very large holder, appears to have created it with this in mind. He got his BTC for free, and any gain in value was large for him - he holds 1m bitcoins. It is poorly understood by the average "early adopters" who clearly have not caveated any emptors, that demand does not generally remain constant when an item has no intrinsic or fiat value.

bitcoins have become a vehicle for speculation (whether you buy and hold or Delta neutral like edgeprod seems to be doing) and more of a team sport on this board and everywhere else. I posted the actual numbers, and witness the result. If I posted a traded stock, gold prices, etc, it would be seen as what it was; information. With BTC, it is cannon fodder.

I put myself out there and said I thought BTC would be between $10 - $30 US in 5 years.
It may go up, it may remain volatile, but in the end I think demand will collapse as other DCs arise and more thefts occur.

For all you pumpers out there - I get it - but making money off people's money is the gubmints bizness - you think fucking with the mafia is bad? Are we still saying the line "the government couldn't stop us if they tried - they don't understand bitcoin!!" I don't hear that line as much any more.

adultmobile · 04-07-2014, 10:09 AM

It's just about the ticker

The booty pimp · 04-10-2014, 07:09 PM

Quote:

Originally Posted by adultmobile

It's just about the ticker

this is what exactly I was stating...the obvious in the graph shown.

ruff · 04-10-2014, 07:14 PM

Buying all I can tonight. Excellent time to jump in.

esham · 04-10-2014, 11:01 PM

it will be back give it time.

Nice_Nick · 04-11-2014, 12:16 AM

Quote:

Originally Posted by ruff

Buying all I can tonight. Excellent time to jump in.

Or lose even more

ruff · 04-11-2014, 03:40 AM

Quote:

Originally Posted by Nice_Nick

Or lose even more

Really? Not going to happen.

MBAWebDesigner · 04-11-2014, 03:45 AM

Quote:

Originally Posted by 2030

what is butoin?

No need to know this

Markul · 04-11-2014, 04:54 AM

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04-04-2014, 11:01 AM	#66
Nice_Nick So Fucking Banned Industry Role: Join Date: Mar 2014 Posts: 865	Who fucking cares if the value today is up or down? The point is that Bitcoin is an incredible technology that if it is utilized to it's full advantage has some huge benefits over current options. Bitcoin may fail, evolve or prosper long term but no-one can say that it doesn't have a future, even today. Whether you like the idea or not Bitcoin is still worth $400 each which isn't exactly chump change. Also, who cares is like 100 people own all the Bitcoin? I seem to remember a thread here that went something like 47 people own 90% of the worlds wealth. I see it as a progressive technology which, at some point in the next few years could pave the way for better payment systems and more control over all our finances whether this is controlled by the government or not.

04-04-2014, 11:03 AM	#67
420 cuck Industry Role: Join Date: Mar 2003 Posts: 11,571	Am I too late for the circle jerk?