duTrieux. posted:

that reads a lot like the guy who posted about squandering his and his sister's inheritance on bitcoins without her knowledge.

was that ever confirmed as a troll?

duTrieux. posted:

that reads a lot like the guy who posted about squandering his and his sister's inheritance on bitcoins without her knowledge.

was that ever confirmed as a troll?

LongDarkNight posted:

why are bitcoiners always trying to gently caress over their sisters

ol qwerty bastard posted:

or gently caress (underage brazilian girls) under their sisters

Robawesome posted:

Need advice on inheritance, arbitrage, family, etc. Please, I am becoming desperate. (self.Bitcoin)

submitted 2 months ago* by Bitcoined

The Bitcoin boom has been wonderful for some people, obviously, but I am really struggling. Last year my father passed away (my mother passed away from cancer many years ago), and my sister and I were left with a large inheritance. I am 23 and my sister is only 17 (parents had us when they were somewhat older. The inheritance was placed entirely in my control to be split between my sister and I. He did not want her to have access to the money until she turned 21. I am tasked with assisting her with college payments, etc. I chose to liquidate the majority of the assets and was left with around $750,000. I am bitter about this because I was ripped off by a shifty individual taking advantage of my ignorance on some things. I should have gotten much more than I did.

I discovered Bitcoin a few years ago. I today greatly regret that the moment I liquidated the inheritance I didn't place the entirety of it into Bitcoin. With Bitcoin on the verge of making it very, very big I began performing arbitrage six months ago. The rising adoption has created volatility which makes it very good for arbitrage. I know of people that have made A LOT of money doing this, but I have now lost A LOT of money.

I am consistently misjudging the movement of the markets. I buy in and sell, not holding any long term positions. On the 19th, I bought 250 coins at $800; it was quickly rising and I was worried I would not be able to buy in at that price ever again. Immediately after my purchase it began tanking. I tried to hold my position hoping it was just temporary and would return to $800 and increase from there. After hitting around $600 it began to increase again, I viewed this as reaffirming my projection. It rose again to around $700. I held my position into the 20th, it dropped to $500 and that was my sell point hoping to minimize my losses. I lost $75,000 in an almost 24/hr period. This was my fastest and almost largest single trade loss. If I had continued to hold I would be able to sell right now with minimal losses.

I have "made" money on trades, but overall the losses have kept me in the red. As of today, over the past 7 months I have lost a total of $410,000. The inheritance was supposed to be split between my younger sister and I, giving us each $375,00 + half of the house (not worth much, rural area, etc).

However, I don't have a legal obligation to provide her with half of the money, that was a verbal contract between my father and I, the in-writing legal stuff allocates it all to me. I made the mistake of telling her that I invested the money in Bitcoin; she has read the news etc on it, so she is under the assumption that there is a lot more money than there actually is. Regardless, I have already paid her first year of college tuition in cash anyway, this was around $30,000. I also bought her a used car to take to college ($5,000). We later found out they don't want freshman to have cars?? So we might sell it and I can give her that money. Ultimately, in addition to other living expenses, bills, car, etc I have around $280,000 left which is currently all liquid.

Now, if you took the time to read all of that, thank you, sorry it was so long. What I am looking for is advice on how to trade. How can I guarantee that I earn high returns? What are good resources on how to trade Bitcoin? Are there any good books to read on trading? General information I may be missing?

I know I can earn this money back, I just need to figure out how. If there is an experienced trader out there that is in need for funding I am willing to work out a deal where we can work together on this. I need to see a proven track record of success though.

Thanks for your time. I know a lot of people are going to respond negatively to me, I know I hosed up. I really, really, need advice though so please don't downvote me just because I am an idiot.

quote:

However, I don't have a legal obligation to provide her with half of the money, that was a verbal contract between my father and I, the in-writing legal stuff allocates it all to me.

FrozenVent posted:

errrr you got your creepy bitcoin stories wrong he didn't gently caress her he just wanked off on her

FrozenVent posted:

errrr you got your creepy bitcoin stories wrong he didn't gently caress her he just wanked off on her

Robawesome posted:

I've lost around 20,000 dollars but I'm very experienced and I have already made most of it back (and will continue until I profit)

My sister (a very historically irresponsible person

Plank Walker posted:

quote:

To prove my point, I sold the car immediately and kept all the money. I wanted to put it towards bitcoin (and I did immediately).

She got a lawyer and is now attempting to seek legal counsel. She is loving nuts and thinks she is entitled to everything. I have already lost a large amount of her money (will gain it back easily)

Boxturret posted:

that story is great.

BobHoward posted:

(the about how captain of industry he is while repeatedly mentioning losing money makes me think it's a troll, but what the hell, bitcoiners, amiright?)

ol qwerty bastard posted:

bitcoin is backed by math, and math is intrinsically perfect and logically consistent always

godel stop spreading fud

FrozenVent posted:

errrr you got your creepy bitcoin stories wrong he didn't gently caress her he just wanked off on her

Darkman Fanpage posted:

i think you'll find that it's quite terrifying


at this point im willing to believe just about anything involving bitcoiners. poe's law be damned

Darkman Fanpage posted:

at this point im willing to believe just about anything involving bitcoiners. poe's law be damned

theflyingorc posted:

what

what is this

surebet posted:

[–]BitCoinerInPeril[S] 1 point 1 hour ago
I SOLD a car to her, but kept a key to take it back incase she stole from me. Then I took it back for collateral when she owed me money I lent her I am around 99% sure she spent it on drugs anyway and I'd never get it back so I sold it. Completely reasonable. (As a kid, she was always the type to ask for a dollar then never give it back)

FrozenVent posted:

the story of the French bitcoiner who travelled to brazil to meet a girlfriend who didn't know he was coming, wanked off on her sister than was kicked out of the house in the middle of the brazillian outback only to be saved by bitcoin

it's a classic

surebet posted:

[–]BitCoinerInPeril[S] 1 point 1 hour ago
I SOLD a car to her, but kept a key to take it back incase she stole from me. Then I took it back for collateral when she owed me money I lent her I am around 99% sure she spent it on drugs anyway and I'd never get it back so I sold it. Completely reasonable. (As a kid, she was always the type to ask for a dollar then never give it back)

theflyingorc posted:

does anyone have a link to the original story that sounds interesting as hell

duTrieux. posted:

don't

you can never go back

duTrieux. posted:

don't

you can never go back

quote:

If bitcoin had a smell,how would it smell like?

I personally think it would smell like girls.

quote:

It will have the smell of the toxic fumes emerging out of your super-heated ASIC mining rig. You just have to keep a mining rig on your room.... You will never forget the smell (and also the heat and the noise).

quote:

Strawberry, because bitcoin is sweet.

quote:

When I GPU mined, my bitcoin sometimes smelled like burning cable

quote:

Bitcoin smells like a fine single malt Scotch.

The coins that are still in their original miners' barrels -- stashed deep in forgotten hard drives -- will be most sought after and fetch a fine price in the not too distant future.

Would Sir care for a tipple of our finest bitcoin, minted 2009?

quote:

The smell of your finger after getting a static shock.

quote:

It would smell weed, burn your nose like cocaine, electrify your whole body and make you feel on heroin.

quote:

I think it has to smell like marijuana, it's so addictive

quote:

when I see some arrogant CBP agent yanking out $987,000 vacuum sealed in a gas tank, it makes me a little upset knowing that Customs and Border Patrol gets to keep it in their "forfeiture fund." Meanwhile, whoever lost the money gets killed immediately upon release from detainment or jail and now, the best case scenario for his family is forever being indebted to the cartel, the CBP agent being completely aware of this and smiling like he's just won the loving lottery when he gets none of the money and feels none of the guilt for the executions to follow.

quote:

It would smell weed, burn your nose like cocaine, electrify your whole body and make you feel on heroin.

fool_of_sound posted:

its a shame about silk road

quote:

**tl;dr found myself lost abroad in the middle of nowhere with nothing but an internet connection after a rather strange family story, and bitcoins probably saved my life**

BobHoward posted:

imagine i was talented with photoshop, if i was there would be a gif of the principia mathematica with a tear rolling down it here

Boxturret posted:

found it

Boxturret posted:

found it