|
I put 2% of my portfolio in cryptocurrency and have been trading it and now I'm up 2.4x since June, it's p cool Not a true believer, don't care if it crashes someday because I'm in USD 99% of the time. If the exchange gets hacked then lol it was a fun hobby.
|
#
?
Oct 5, 2017 21:46
|
|
|
|
| # ? Apr 16, 2024 05:30 |
|
|
Ham Sandwiches posted:It's interesting to watch people retreat to this. You're throwing words like empirically around and refusing to post any kind of empirical evidence when prompted so  Whatever it's kind of just funny watching the occasional goon declare they know everything then engage in every single fallacy retail traders engage in. Chart me some patterns next? I heard it is forming a double top!!!
|
|
#
?
Oct 5, 2017 21:47
|
|
|
Stefan Prodan posted:So you're saying it's an unpredictable investment that could go up or down and you can't make a strong case for whether it will go either way? Yeah except the only posts on the topic for about 5+ years on these very forums were about how dumb you were to ever entertain anything to do with buttcoins, this thing you're posting right here is the very woke BTC are over 3000 and staying there view that has been established past month or so
|
|
#
?
Oct 5, 2017 21:48
|
|
|
Ham Sandwiches posted:I don't know that it's going up So your predictions are presumably just as wrong as ours, in your eyes. Which makes you no more qualified than us if we're following your logic. Eat poo poo 
|
|
#
?
Oct 5, 2017 21:48
|
|
|
Ham Sandwiches posted:Cool, forums superstars making fun of bitcoins and buttcoins miners were dumber than the redditors they made fun of for years, and this guy admitted to it. Well done everyone. I am cassandra and I speak for the goons 
|
|
#
?
Oct 5, 2017 21:48
|
|
|
Ham Sandwiches posted:Yeah and what if like, he got mugged or lost his wallet containing $100, what happens then? I edited my post for clarity, I realized I'd typed something that sounded different than what I wanted to ask. I have no experience with even having a .wallet, so I'm kinda testing the veracity of my coworker's story vs. what reality might be. How possible is it for someone to "hack" his phone, and utilize its 2FA security to send his coins to a different .wallet? Is that a thing that's happened to other people, or is this too convoluted to add up and be realistic?
|
|
#
?
Oct 5, 2017 21:48
|
|
|
Ham Sandwiches posted:Yeah except the only posts on the topic for about 5+ years on these very forums were about how dumb you were to ever entertain anything to do with buttcoins, this thing you're posting right here is the very woke BTC are over 3000 and staying there view that has been established past month or so You realize an investment where you can't actually give any reasons a thing should continue to be more likely to go up than down is what we call a "bad investment" right
|
|
#
?
Oct 5, 2017 21:49
|
|
|
COMRADES posted:You're throwing words like empirically around and refusing to post any kind of empirical evidence when prompted so Empirically, an asset that was $2500 when you warned people away from it due to sound Risk analysis, is now over $4000 with much higher volume, meaning your advice was factually incorrect unless you are predicting some imminent disaster you believe is about to occur?
|
|
#
?
Oct 5, 2017 21:49
|
|
|
Ham Sandwiches posted:Yeah except the only posts on the topic for about 5+ years on these very forums were about how dumb you were to ever entertain anything to do with buttcoins, this thing you're posting right here is the very woke BTC are over 3000 and staying there view that has been established past month or so And some people made a lot of money and some people lost it all. If I told you "bet everything you have today and in 5-10 years you might be a millionaire or totally broke" you'd say yeah that's a good risk to take?
|
|
#
?
Oct 5, 2017 21:49
|
|
|
If you "invested" in cash then lololololol
|
|
#
?
Oct 5, 2017 21:49
|
|
|
CassandraZara posted:If you "invested" in cash then lololololol Cash and liquid assets are often a part of portfolios or is this some gag I'm missing
|
|
#
?
Oct 5, 2017 21:50
|
|
|
Ham Sandwiches posted:Empirically, an asset that was $2500 when you warned people away from it due to sound Risk analysis, is now over $4000 with much higher volume, meaning your advice was factually incorrect unless you are predicting some imminent disaster you believe is about to occur? Again this is not true, only that it came out a certain way If you bet even money for your entire net worth that a die will roll a 1 or 2 and it does, and I told you not to, it doesn't make me wrong if you win. Even if you bet even money that it would be a 1-3, and I said "that's a bad investment" because it has 0 EV, I'm still not wrong if you win.
|
|
#
?
Oct 5, 2017 21:50
|
|
|
COMRADES posted:And some people made a lot of money and some people lost it all. Umm what people do you believe lost it all going from bitcoins worth $2500 6 months ago when we were talking about this to now when they are worth $4000? Aside from a few edge cases this seems hard to imagine, can you please explain in more detail? What you were telling people is that bitcoins are a worthless joke being traded on the magic the gathering online exchange with no inherent value and that people should invest in anything else. Even in this thread you were suggesting traditional stocks. I'm telling you are loving people over with ignorant and wrong advice, for some bizarre reason.
|
|
#
?
Oct 5, 2017 21:51
|
|
|
Ham Sandwiches posted:Empirically, an asset that was $2500 when you warned people away from it due to sound Risk analysis, is now over $4000 with much higher volume, meaning your advice was factually incorrect unless you are predicting some imminent disaster you believe is about to occur? lmao you have no idea what you're talking about it's great. Past performance is not an indicator of future performance.
|
|
#
?
Oct 5, 2017 21:52
|
|
|
Ham Sandwiches posted:Cash and liquid assets are often a part of portfolios or is this some gag I'm missing Maybe if you're like sixty? In which case I doubt you're investing in bitcoins?
|
|
#
?
Oct 5, 2017 21:52
|
|
|
Stefan Prodan posted:Again this is not true, only that it came out a certain way Well luckily we can simply observe what happens, and all the people that predicted that Bitcoin was a total garbage scam being traded like wow gold and magic the gathering online, vs those that felt it was worth considering, and what the total valuation and liquidity and acceptance rate will be So yeah dude the guys that were busy laughing about MT GOX I'm just curious their take and how they weren't wrong OMG do you even know what MTGOX stands for it it's not even the right kind of cards.. not even magic cards... magic the gathering ONLINE cards ahahahahaha the wrong kind of magic cards
|
|
#
?
Oct 5, 2017 21:53
|
|
|
Stefan Prodan posted:You realize an investment where you can't actually give any reasons a thing should continue to be more likely to go up than down is what we call a "bad investment" right if you're buying and holding long-term then yeah you should have an investment thesis
|
|
#
?
Oct 5, 2017 21:54
|
|
|
COMRADES posted:lmao you have no idea what you're talking about it's great. It's amazing dude I can now tell you've read at least 1 prospectus in your life but I am also pretty sure you don't know what you're talking about the more we discuss  Anyway let's just agree that I'll be chiming back in periodically to revisit our stances w/r/t Bitcoin and your expert Risk analysis of it
|
|
#
?
Oct 5, 2017 21:54
|
|
|
Ham Sandwiches have you thought about buying bitcoins or maybe a few of the five hundred alt-coins that have sprung up this year? An index of all of them would probably beat the Russell 3000, though it would be fair to say that most will lose value in a year's time.
|
|
#
?
Oct 5, 2017 21:54
|
|
|
Ham Sandwiches posted:So yeah dude the guys that were busy laughing about MT GOX I'm just curious their take and how they weren't wrong quote:Mt. Gox was a bitcoin exchange based in Shibuya, Tokyo, Japan.[1] Launched in July 2010, by 2013 and into 2014 it was handling over 70% of all bitcoin transactions worldwide, as the largest bitcoin intermediary and the world's leading bitcoin exchange.[2][3][4][5] 
|
|
#
?
Oct 5, 2017 21:56
|
|
|
CassandraZara posted:Ham Sandwiches have you thought about buying bitcoins or maybe a few of the five hundred alt-coins that have sprung up this year? An index of all of them would probably beat the Russell 3000, though it would be fair to say that most will lose value in a year's time. Is there some kind of contractual obligation you have to tell other people what to do with their money because they are unable to decide for themselves? I'm genuinely interested from warning me away to Bitcoins to warning me towards them, people seem to feel very very very strongly about what I do with my money. Can you explain to me why? Just to clarify, I don't give a gently caress about anything you do in your life or with your money and I hope you don't tell me about it.
|
|
#
?
Oct 5, 2017 21:56
|
|
|
ham sandwiches is back at it. "oh the price according to the bitcoin exchanges has gone up! i could have been a millionaire if i hadnt listened to goons! oh someone replied to me. goons said it was a scam and youre a goon. you told me this was a scam! no i dont feel a need to know exactly who im talking to" Ham Sandwiches posted:My gains are disagreeing with everyone that said it was a scam or risky
|
|
#
?
Oct 5, 2017 21:58
|
|
|
Ham Sandwiches posted:I'm genuinely interested from warning me away to Bitcoins to warning me towards them, people seem to feel very very very strongly about what I do with my money. Can you explain to me why? You literally just linked an Exchange that "lost" all their customer's holdings lmao.
|
|
#
?
Oct 5, 2017 21:58
|
|
|
It's not that laughing at Mt Gox was wrong or that the theft was inevitable growing pains of taking something completely fake and having people use it for real It's that this guy is smarter than fedora redditors and makes sound financial investments in assets that have intrinsic worth *totally ignores whole new financial system, you can't fool this guy, spends years warning people off of it, is wrong every step of the way, congratulates self for amazing predictions*
|
|
#
?
Oct 5, 2017 21:58
|
|
|
I'm a millionaire who made money betting on risky products. There are a lot of red flags about Bitcoin, any one of them enough to keep me from seriously investing. I have one bitcoin I bought on the way down in 2014 for about $600 but that's not a serious investment and for the majority of the time I've owned it, it had lost money.
|
|
#
?
Oct 5, 2017 21:59
|
|
|
COMRADES posted:You literally just linked an Exchange that "lost" all their customer's holdings lmao. Yep and Bitcoins will forever be a scam as a result, with people helpfully reminding you of that fact as they cross $3000 and stay there  Dude you get that my point is, this is poo poo that happened in the past, clearly didn't matter, and yet many forums posters still laugh about it while it's clearly irrelevant?
|
|
#
?
Oct 5, 2017 22:00
|
|
|
Ham Sandwiches posted:It's not that laughing at Mt Gox was wrong or that the theft was inevitable growing pains of taking something completely fake and having people use it for real Well idk what you're upset about because all I'm saying as far as risk analysis goes that it is far from a sure thing and imo there are better things to put your money into. The fact that an exchange which handled 70% of trading volume stole all their customer's wallets is exactly what I'm talking about. If you ignored us 5 years ago and loaded up on BTC, you would have lost it all more likely than not.
|
|
#
?
Oct 5, 2017 22:00
|
|
|
COMRADES posted:Well idk what you're upset about because all I'm saying as far as risk analysis goes that it is far from a sure thing and imo there are better things to put your money into. I'm saying that your Expert Risk Analysis identified exchange collapse as a Risk based on the past collapse of MT GOX (while claiming past performance is irrelevant), and since the last thread where this was discussed there hasn't been any Risk to exchanges, which means that I believe your Risk Analysis was useless, empirically, given that the risk you identified has not materialized and the price of Bitcoins has increased by 50% since your prediction.
|
|
#
?
Oct 5, 2017 22:02
|
|
|
Ham Sandwiches posted:since the last thread where this was discussed there hasn't been any Risk to exchanges lol and I thought you were being serious. Bitcoin is fascinating to me but when you act like this, it's difficult to take you seriously. I don't think you're trolling but man, you're hilarious.
|
|
#
?
Oct 5, 2017 22:04
|
|
|
Exchange compromise is a risk I accept with my crypto portfolio, and it's why I only have 2% (well now more like 4%) of my overall investment portfolio in crypto. Once I reach a certain dollar value, I'm going to begin paying myself back to cover my initial investment so that any further trading is "risk free." Then I'll keep trading, hopefully successfully, and pay myself dividends that I can put into traditional investments to stay well-diversified. That's my basic strategy. I just can't ignore the potential of 30% monthly returns that I've gotten so far. The reward is easily worth the risk, at least for me.
|
|
#
?
Oct 5, 2017 22:05
|
|
|
*looks at trade volumes ever since China started it's crackdown back in January*
|
|
#
?
Oct 5, 2017 22:06
|
|
|
Ham Sandwiches posted:Yep and Bitcoins will forever be a scam as a result, with people helpfully reminding you of that fact as they cross $3000 and stay there  bitcoin price times 200% times 0 equals... big bucks
|
|
#
?
Oct 5, 2017 22:06
|
|
|
CassandraZara posted:lol and I thought you were being serious. Lmao exchange collapses dude, not general risk. There have not been Mt Gox style exchange collapses despite constant predictions to that effect.
|
|
#
?
Oct 5, 2017 22:06
|
|
|
Ham Sandwiches posted:I'm saying that your Expert Risk Analysis identified exchange collapse as a Risk based on the past collapse of MT GOX (while claiming past performance is irrelevant), My risk analysis identified systemic issues like that back when BTC was originally a Thing so don't put words in my mouth thanks. "Am I protected if the worst happens?" is a basic question to be asked in any endeavor. Currently there is no regulation so as far as I'm concerned the exchanges are still suspect, but alright just keep it in a private wallet and don't get hacked. You're still exposed to tons of other factors like the Chinese government deciding to crack down on it or competing cryptocurrencies or several other things.
|
|
#
?
Oct 5, 2017 22:06
|
|
|
exploded mummy posted:*looks at trade volumes ever since China started it's crackdown back in January* Nice chart, that ends in May and now it's October. What do you think happened since then??? Hmm?? Can you update the pic??
|
|
#
?
Oct 5, 2017 22:07
|
|
|
COMRADES posted:My risk analysis identified systemic issues like that back when BTC was originally a Thing so don't put words in my mouth thanks. "Am I protected if the worst happens?" is a basic question to be asked in any endeavor. This is 10000% incompatible with your past advice warning people to stay the gently caress away at all costs because it's a scam with no inherent value only used for money laundering!!!!! Has your position been refined or was it that perhaps somehow people were missing this nuance previously?
|
|
#
?
Oct 5, 2017 22:09
|
|
|
And what happens the next time China does something?Ham Sandwiches posted:This is 10000% incompatible with your past advice warning people to stay the gently caress away at all costs because it's a scam with no inherent value only used for money laundering!!!!! How? That's still true. That's my entire point: there is nothing propping up the value of these things thus high risk.
|
|
#
?
Oct 5, 2017 22:09
|
|
|
Even if it's only used for money laundering, it has value. It's just not a sound investment with the amount of risk and at a "market cap" of $150 billion.
|
|
#
?
Oct 5, 2017 22:10
|
|
|
CassandraZara posted:Even if it's only used for money laundering, it has value. That's pretty drat tenuous.
|
|
#
?
Oct 5, 2017 22:11
|
|
|
|
| # ? Apr 16, 2024 05:30 |
|
|
COMRADES posted:there is nothing propping up the value of these things thus high risk. There is: it's called new suckers. And the money laundering/ransomware/drug thing.
|
|
#
?
Oct 5, 2017 22:11
|
|