zdreg
we are not at a top. no cab driver has spoken to me about bitcoins.
we are not at a top. no cab driver has spoken to me about bitcoins.
you are getting warm or are you getting hot?
39 year old plans to sell everything he owns to buy bitcoin.
- Thread starter peilthetraveler
- Start date
I just realized #btc is the future
'scuse me while I liquidate all cash fiat and go full bitTard.
'scuse me while I liquidate all cash fiat and go full bitTard.
Some perspective on using these as anecdotal evidence of a top:
All those posted 3 to 4 years ago. I bet they're all cashing out now from these guys who are now putting their life savings into bitcoin. Almost everyone who is getting into bitcoin is doing it so they can cash out more later. Nobody cares about bitcoin for any other reason than to get rich.
Today is 10/11/2017. I bet this time next year bitcoin is below $500.
Why would anybody care about anything if not for that reason?
"...I just thought how the people around me are putting money into their houses, into children and expensive weddings, and they will never get a return on that. It just disappears...
So I put a total of about $50,000 USD and bought in. I don't know how long I'll keep it in, but I'm thinking at least 5 to 10 years, maybe longer. I haven't told anyone and I don't plan to, but I feel good about it. Another thing I think about is that there will only be 21 million bitcoins ever released, and that is NOTHING when I stop and think about it. To me it seems like a great opportunity. "
"Man takes all equity from real estate, and having children who might be able to support him when he retires, and dumps it into virtual currency, which he admits is fixed in numeration. 40 years later he is homeless, childless and wonders where the opportunity has gone as he holds up one of those signs begging for money in the middle of a busy intersection in Florida. The feel-good story of the summer. News at 11."
So I put a total of about $50,000 USD and bought in. I don't know how long I'll keep it in, but I'm thinking at least 5 to 10 years, maybe longer. I haven't told anyone and I don't plan to, but I feel good about it. Another thing I think about is that there will only be 21 million bitcoins ever released, and that is NOTHING when I stop and think about it. To me it seems like a great opportunity. "
"Man takes all equity from real estate, and having children who might be able to support him when he retires, and dumps it into virtual currency, which he admits is fixed in numeration. 40 years later he is homeless, childless and wonders where the opportunity has gone as he holds up one of those signs begging for money in the middle of a busy intersection in Florida. The feel-good story of the summer. News at 11."
Actually, crazy as it sounds, as long as they average in and not buying it all at once, specially at a new top, it has a better chance to work out then not. Right now the madness still on with full power and there is no government ban in sight, so trade on!
If I was the guy, I would only commit 20% right now and average down with every 2-300 bucks drop.
If I was the guy, I would only commit 20% right now and average down with every 2-300 bucks drop.
Except he didn't do that. He went all-in. "All my life savings". That is fairly extreme.