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re: I hope ya'll got into Bitcoin at $19,000

Posted on 12/22/17 at 12:49 pm to
Posted by el Gaucho
He/They
Member since Dec 2010
56965 posts
Posted on 12/22/17 at 12:49 pm to
Cmon man this isn't funny. I cashed out the equity on the mortgage to buy Bitcoin when it was at 18k and now they're threatening to take my house
Posted by Broke
AKA Buttercup
Member since Sep 2006
65281 posts
Posted on 12/22/17 at 12:51 pm to
quote:

You're the one who seems to be butthurt about this. You're actively rooting against it and seem to take any success personally.



Then you're an idiot. Go back and find where I said I hoped everyone becomes rich as shite.

And convert to USD before you lose it all. Look I understand you need to feel good about this because deep down you know it's as risky and bad as we day it is. It's like the fat girl needing to feel good about her new dress because she knows she's still fat
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
67374 posts
Posted on 12/22/17 at 12:51 pm to
quote:

Broke


Bought $25K worth
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
40829 posts
Posted on 12/22/17 at 12:52 pm to
quote:

I cashed out the equity on the mortgage to buy Bitcoin when it was at 18k and now they're threatening to take my house


You can't be more than a month behind. Just don't answer the phone for a few weeks.
Posted by lsu480
Downtown Scottsdale
Member since Oct 2007
92897 posts
Posted on 12/22/17 at 12:52 pm to
quote:

My life and business for the last 20 years has revolved around investments. I have multiple degrees and have taught economics. I'm fairly smart and I just can't buy this stuff. I'm sorry if any of this hurts your feelings.


It doesn’t hurt my feelings and I am sure you do well but if you think it will quickly go up enough to cause someone to bump this thread, which would require a 20-30% gain, in a short period of time you would be crazy not to take that profit.
Posted by 25 Point Lead
Member since Nov 2017
575 posts
Posted on 12/22/17 at 12:53 pm to
quote:

Then you're an idiot. Go back and find where I said I hoped everyone becomes rich as shite.




Well in that case

quote:

Look I understand you need to feel good about this because deep down you know it's as risky and bad as we day it is. It's like the fat girl needing to feel good about her new dress because she knows she's still fat




Yep, you're not emotional about it at all.

And I don't own any btc. I perfectly fine with my low fee index funds that keep trucking along.
Posted by Grim
Member since Dec 2013
12419 posts
Posted on 12/22/17 at 12:55 pm to
quote:

My life and business for the last 20 years has revolved around investments. I have multiple degrees and have taught economics. I'm fairly smart and I just can't buy this stuff. I'm sorry if any of this hurts your feelings

r/iamverysmart
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 12/22/17 at 12:56 pm to
quote:


Serious question - do they have USD that proves they'll never have to work again


Yes.

quote:

BTC that says they'll never have to work again? 


Yes to both
Posted by Broke
AKA Buttercup
Member since Sep 2006
65281 posts
Posted on 12/22/17 at 12:57 pm to
I meant it would be bumped at some point, not necessarily in a short period of time. Then it will fall and I'll make another snarky thread mocking the believers. Then it will go up and it will get bumped again. It's the bitcoin circle of life
Posted by Sampson
Drusilla and Jefferson
Member since Mar 2012
24978 posts
Posted on 12/22/17 at 12:58 pm to
quote:

It is absolutely shocking that an imaginary dork currency backed by nothing but social media hype and computer vs. computer math battles didn’t continue to skyrocket until the end of time.
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16678 posts
Posted on 12/22/17 at 1:00 pm to
This is basically for the rich folks that got in right when they were able to start shorting it. Magically there is a correction in less than 2 weeks from being able to do it. Rich people getting richer on the backs of the plebes.
Posted by Thib-a-doe Tiger
Member since Nov 2012
36284 posts
Posted on 12/22/17 at 1:00 pm to
I’m right there withcha baw.


Posted by slackster
Houston
Member since Mar 2009
90020 posts
Posted on 12/22/17 at 1:00 pm to
quote:

Yes to both


Good for them, although losing what must be $500k+ in the last week in BTC must be a bit gut-wrenching.
Posted by Wooly
Member since Feb 2012
13851 posts
Posted on 12/22/17 at 1:01 pm to
That’s exactly what we knew what would happen. The smart money will short the shite out of it and drive it to zero
Posted by Thib-a-doe Tiger
Member since Nov 2012
36284 posts
Posted on 12/22/17 at 1:01 pm to
quote:

This is basically for the rich folks that got in right when they were able to start shorting it. Magically there is a correction in less than 2 weeks from being able to do it. Rich people getting richer on the backs of the plebes.




Institutional traders are dumping shares on the masses while holding short positions


ETA: will be rinse and repeat with either BTC or whichever other fad crypto comes up
This post was edited on 12/22/17 at 1:03 pm
Posted by Winston Cup
Dallas Cowboys Fan
Member since May 2016
66485 posts
Posted on 12/22/17 at 1:02 pm to
quote:

dork currency

buying guns, drugs and gambling on the internet is for dorks?
Posted by bee Rye
New orleans
Member since Jan 2006
34194 posts
Posted on 12/22/17 at 1:02 pm to
It has been a rough day, I am down to only being up 1200%
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 12/22/17 at 1:03 pm to
Oh theyve 'lost' millions this week.

They are pretty care free though. I would be shitting myself
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 12/22/17 at 1:04 pm to
quote:

before you lose it all


Posted by pleading the fifth
Member since Feb 2006
3988 posts
Posted on 12/22/17 at 1:06 pm to
I finally bought in around $18,000 and then it plummeted. Just my luck.
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