That wasn’t a joke. It’s real.
I know. There is always a greater fool.
Yeah I’m sure it’s just a fad, like the internet.
1 Like
Or tulips.
Yep. Yet another flaw with bitcoin. If you genuinely believe that bitcoin is going to continue its upward trend then actually spending bitcoin on anything is act of idiocy so extreme that you should be stripped of your independence and assigned a legal guardian to take control of your financial matters. By choosing to spend bitcoin on products you are conceding that bitcoin will not increase significantly in value from here, and will likely crash.
you always have a false equivalency to make an argument on.
Earlier you argued about opportunity cost, yet you specifically choose not to invest in crypto. Your opportunity cost is now in the millions.
Must suck to be you.
2 Likes
No, because unlike you I do not believe that bitcoin has any long-term future. I believe that bitcoin is a highly volatile “investment” that will eventually crash to zero and any investment runs a huge risk of loss, therefore I do not risk my money betting on bitcoin. My actions are entirely consistent with my beliefs.
If you believe that bitcoin will continue its rise and still spend bitcoin to buy something then your actions are not consistent with your beliefs. Either you are a short-sighted idiot who should be treated like a small child and assigned a legal guardian to control your finances or you don’t genuinely believe that bitcoin will increase that much in value.
OR…
You reach the point where you’ve made enough, and no longer need continued financial growth.
Your beliefs are costing you millions. Whether you think hanging on forever is a good idea or not, over a matter of a decade, you could’ve made millions.
You chose not to, so any further input is worthless. Those of us that made the right choice are laughing at your continued cries of how worthless crypto is.
You played yourself. Good job.
2 Likes
Unless you are Jeff Bezos you have not reached that point.
Your beliefs are costing you millions. Whether you think hanging on forever is a good idea or not, over a matter of a decade, you could’ve made millions.
Everyone can be a billionaire if they can invest with full knowledge of future market events. The fact that you got lucky and made money from bitcoin doesn’t change the fact that it’s a bad investment in general.
I’ve reached that point.
On a side note, bezos isn’t the richest guy anymore. Musk overtook him recently.
Hindsight bias doesn’t apply here.
The fact is, thousands of people, like myself, have become very wealthy off cryptocurrency. Knowing it performs well, you can still get in early for other cryptocurrencies.
Just do the research, figure out how to protect yourself from theft, and hold it for long term goals.
Don’t hold onto it forever, just until it reaches a point where you can realize your goals.
Have realistic goals. Own your home, your vehicle, help your loved ones, reinvest into stocks that you feel are important. Maybe reinvest in some other cryptocurrencies that are looking good. Hold savings account or cd’s with good rates, buy land. Whether you plan to develop it or not, property is always a good investment. Until we go to mars, we have a limited supply of land.
Once you’ve got more than your needs for your goals, you literally have nothing left to worry about but your own self improvement.
2 Likes
Which of course will require even more wealth accumulation.
You still think that having $40k in stocks and a paid-off truck is a worth bragging about. You’re nowhere near wealthy enough to not care about money.
Hindsight bias doesn’t apply here.
It absolutely does. There has never been a point where bitcoin has been a safe bet. You can look back in hindsight and see that bitcoin increased over a given period but that’s not the same as making an accurate prediction that it will do so in the future. There has always been the significant risk that bitcoin will crash and wipe out your entire investment and the fact that you got lucky with your bets doesn’t change this fact.
Lol
I guess for some?
I suppose that’s more of a personal issue. With the things I’ve done or been a part of, the largest obstacle I have in life right now is being able to live with myself.
I’m sure it’s not a problem for everyone, but I assume everyone has things to work on internally.
1 Like
I’m not going over my finances again with you. I don’t care if you believe me. It has no bearing on this conversation, or either of our lives.
The point is, of course it was a risk. You take risk with every investment.
Knowing now, how well cryptocurrency has performed over the last decade, you can make educated guesses on current investment opportunity.
With they all be the next bitcoin? No. Several of them will likely never go over $5000 a coin, because of several issues. The biggest one I look at is how many total coins are or can be in existence.
If there is no cap, I don’t look any further.
Then I learn about the technology they use for their currency.
Then I look at who exactly is behind it, and how they’ve been able to perform prior to the cryptocurrency.
As any investor will tell you, it’s called doing your due diligence.
1 Like
Of course you won’t. Because the more you say the more you risk giving away more details that prove you’re lying. It’s much better for you to tell the lie once and then refuse to talk about it anymore.
The point is, of course it was a risk.
Now you’re starting to get it. You’re doing the equivalent of walking into the casino, dropping a huge bet on 0 on the roulette wheel, and then insisting that everyone should have known to follow your example when you get lucky and win the bet. Bitcoin, like cryptocurrency in general, is a fundamentally flawed concept with no inherent value that will almost certainly crash in the near future. The fact that you got lucky playing the market bubble doesn’t make it a good investment.
As any investor will tell you, it’s called doing your due diligence.
Due diligence says to stay the hell away from cryptocurrency with serious investments and treat it like buying a lottery ticket.
Oh certainly. And curious, but Im not one to pry.
Tbh if I could go back and change everything I would.
But Ill just make peace with dying in a gutter instead.
Dignified? No
Cheap? Certainly!
1 Like
No, I won’t go further into it because you’re one of those people that will always think you know better.
I could screen shot my digital wallet, and an overview of all my bank accounts, compromising my own security, and you will still find ways to call me a liar.
People that will never make anything of themselves will always attack those that do.
The fact is, your opinion of my financial situation doesn’t change my financial situation.
I sit on eve for 12+ hours a day with more than 30 accounts, 7 days a week. Perhaps in your worldview, that comes cheap. Here in reality, it doesn’t.
Your analogy would work only if that roulette machine had proven for well over a decade that it always lands on 0.
You keep talking about the flaws, but anyone that actually researches the technology knows the limitations.
You’ve had a couple people try to explain it to you, and your resulting answer amounts to “Nuh uh”.
You have proven history to draw from, future advances to look forward to, in multiple fields, and still you ignore the opportunity.
You are your worst enemy in this situation. I’ve got to believe you’re just trolling at this point. I don’t understand how anyone could be so dense.
1 Like
Or you could send me a bitcoin. If you’re telling the truth it’s a tiny amount of money to pay. If you’re lying it’s a crippling loss. Given your refusal to do so I think it’s obvious which of these cases is true.
I sit on eve for 12+ hours a day with more than 30 accounts, 7 days a week. Perhaps in your worldview, that comes cheap.
Yep, more evidence of your lying. 30 accounts is only ~$5500/year. I just spent that much on a bit of airplane maintenance and it was only a small inconvenience to my budget, so the fact that you think it’s an impressive number is a pretty clear demonstration that you don’t have the wealth you claim to have.
TBH when I see that claim I feel pity for your miserable existence at that level of video game addiction, not respect for your financial accomplishments.
Your analogy would work only if that roulette machine had proven for well over a decade that it always lands on 0.
Definitely a very consistent roulette wheel that always lands on 0, no crashes or volatility in that price history.
You’ve had a couple people try to explain it to you, and your resulting answer amounts to “Nuh uh”.
A couple people have tried to explain it with a bunch of handwaving about “bitcoin will find a way” and very little understanding of the problems.
2 Likes
To send you any form of currency would require a level of personal information I’m not willing to give you. (Any)
That’s ignoring the fact that I don’t particularly like you. You’ve proven to be extremely bullheaded and ignorant on this thread alone. Why should you profit from my investment?
Your whole argument stands on intentional fallacies.
I’m pretty sure I’ve said multiple times “more than 30 accounts”. Not just on this thread, but others.
Besides that, I have enough plex to crash jita prices. I also have 2 alts on each account that I use as sp farms, and I don’t buy multi pilot training with plex or isk.
Then there’s hardware costs, internet costs, electricity. You intentionally ignore all the associated costs because you want so hard to be right.
To be clear, $5,500 a year on video games is a luxury that very few people can afford, if they were inclined to play this video game.
By the way, its only $4,730 usd for the subscriptions.
Ok, you’ve got me there. Your fictional roulette machine would only have had to land on 0 for 3 years straight.
Even the losses ended up being gains for people that invested early.
Since then, it’s gone up significantly, as the concept caught on, and the market became a ■■■■ show.
That is expected in every new field. Hence the Admitted risk. It’s not as much of a risk now, because it’s proving it’s self every day.
If bitcoin had only made it to $20 a coin, it would’ve been a good investment. I paid 7 cents each on my first thousand, and 9 cents on my subsequent 2200.
If the current bubble pops, and it drops from $49,000 to the $7,000 it was before the pandemic, early investors would still be making an absolute killing on their investment.
With the current coverage of all the shorting in stocks, I don’t see it realistically losing that much value.
Regardless, if it hits $55,000 I’d already decided to sell off.
The process has been explained to you multiple times. You’ve been told how the software is somewhat self correcting, and your answer is always some vague " it’s too complex for any technology".
“It takes more electricity than whole countries.”
“It’s a ponzi scheme with a timer”
“Everyone is losing money and they’re too stupid to realize it.”
“It’ll collapse soon, because”.
You’re a poor naysayer that has no dog in the game. You talk about economics, accounting, technology, opportunity cost etc. But can’t quite grasp the fact that much smarter people than you are getting more and more involved. These are people with whole divisions of analysts, and according to some troll on eve forums, they’re stupid.
Face the facts, bud. You didn’t take it serious at the beginning, so you lost out. You’re not taking it seriously now, and you’re going to keep losing out.
Investing is about the long game. I did it on an e4 budget, and now I’ll never work again for the rest of my life. 
Maybe if you work enough hours, you can retire with more than scraps. With the mentality you’ve put on display here, I’d say that’s a long shot.
3 Likes