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re: Where is your BitGod now?

Posted on 2/5/18 at 9:44 pm to
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
33923 posts
Posted on 2/5/18 at 9:44 pm to
quote:

Yeah how unreasonable to not expect a 70% drop in 4 weeks


Not bad since it was up 1300% over last year. It's a volatile investment and not for the weak of heart
Posted by Thib-a-doe Tiger
Member since Nov 2012
35373 posts
Posted on 2/5/18 at 9:44 pm to
quote:


Not bad since it was up 1300% over last year. It's a volatile investment and not for the weak of heart




Pride comes before the fall baw
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73681 posts
Posted on 2/5/18 at 9:47 pm to
quote:

It's a volatile investment and not for the weak of heart


But it's a currency, not an investment.

Yes, currencies are volatile as well, but the excuse behind the recent surge was that bitcoin was the future. Instead it is/was a ponzi scheme in the making.

Bitcoin has fricked over all the 3rd world countries that it was supposedly designed to help. Can't wait for someone to do the story on that.
This post was edited on 2/5/18 at 9:48 pm
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
33923 posts
Posted on 2/5/18 at 9:49 pm to
You guys need to look up the definition of investment
Posted by CelticDog
Member since Apr 2015
42867 posts
Posted on 2/5/18 at 9:49 pm to
Is, was and always will be a ponzi scheme.

Roll your own.
Posted by Thib-a-doe Tiger
Member since Nov 2012
35373 posts
Posted on 2/5/18 at 9:50 pm to
quote:

You guys need to look up the definition of investment




I can buy a pile of dogshit and call it an investment
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73681 posts
Posted on 2/5/18 at 9:50 pm to
quote:

You guys need to look up the definition of investment



Beanie babies are/were an investment
This post was edited on 2/5/18 at 9:51 pm
Posted by Tiger Prawn
Member since Dec 2016
21891 posts
Posted on 2/5/18 at 9:50 pm to
quote:

Is anyone else just insanely impressed by TRX through all of this?


Huh? TRX is down 75% over the past month
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
33923 posts
Posted on 2/5/18 at 9:51 pm to

quote:


I can buy a pile of dogshit and call it an investment




quote:

But it's a currency, not an investment.




Are you see what I'm getting at here. Not sure if everyone here understands the definition
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 2/5/18 at 9:52 pm to
Stock markets crashing, guess that’s s ponzi scheme too if we’ve now relegated the definition to something losing value
Posted by Thib-a-doe Tiger
Member since Nov 2012
35373 posts
Posted on 2/5/18 at 9:53 pm to
quote:

Stock markets crashing,



False
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
33923 posts
Posted on 2/5/18 at 9:53 pm to
We're still trying to move past the first chapters of Free Enterprise right now. Don't move too fast
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73681 posts
Posted on 2/5/18 at 9:53 pm to
You can store your money in anything and call it an investment. I have a friend that invests in pussy. Bad market when it goes south.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 2/5/18 at 9:55 pm to
quote:

False


My bad, can’t keep up with the various definitions of “crash” that you all have come up with
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
33923 posts
Posted on 2/5/18 at 9:55 pm to
quote:

But it's a currency, not an investment.



quote:

You can store your money in anything and call it an investment.



Which one is it then?
Posted by jefforize
Member since Feb 2008
44086 posts
Posted on 2/5/18 at 9:56 pm to
There are plenty ponzicoins and shillcoins and shitcoins

Bitcoin isn't one of them.
Posted by Thib-a-doe Tiger
Member since Nov 2012
35373 posts
Posted on 2/5/18 at 9:56 pm to
quote:

My bad, can’t keep up with the various definitions of “crash” that you all have come up with



Try to keep up, 60-70% drop in a month
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 2/5/18 at 9:57 pm to
(no message)
This post was edited on 2/5/18 at 10:02 pm
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
73681 posts
Posted on 2/5/18 at 9:58 pm to
quote:

Which one is it then?


Fine. It's an investment. Like investing in a new car. Or investing in roadside shrimp.


Now do you get the definition of "investment" we are talking about.
This post was edited on 2/5/18 at 9:59 pm
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
33923 posts
Posted on 2/5/18 at 9:59 pm to
in·vest·ment
in'ves(t)m?nt/Submit
noun
1.
the action or process of investing money for profit or material result.
"a debate over private investment in road-building"
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