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OT: Need BTC advice! Down 10% Wife has left me.


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#1 Rogerdodger

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Posted 25 March 2021 - 08:57 AM

“My wife left. She said not to talk to her.

This is where I need help, where is a good place to pick up girls in my Lambo?”

 

"KEEP STACKING" is the Bitcoin phrase for true believers.

A man has to choose what's most important...

 

Bitcoin Keeps Sinking, Wife Leaves Husband For Acquiring More BTC

Bitcoin is down 17.66% from its all-time high of $61,795.84 set on March 13

 

One Reddit post revealed that a man was left by his wife after he refused to sell his bitcoin holdings when the price hit $60K. Instead, he decided to load up on more coins in the recent dip.

Her instinct to sell when bitcoin reached an all-time high of $61,321 on March 13 would have prevented a 16% loss.

“She said not to talk to her. This is where I need help, where is a good place to pick up girls in my Lambo?”

 

In local news, Walmart has only one $5 pack of tulip bulbs left, causing nearby stores to raise prices 10% to $5.50!

 

 

https://www.investin...bitcoin/btc-usd

BTC.jpg


Edited by Rogerdodger, 25 March 2021 - 09:06 AM.


#2 OEXCHAOS

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Posted 25 March 2021 - 09:02 AM

That's looking a bit "head-and-shoulder-y"!


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#3 Rogerdodger

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Posted 25 March 2021 - 09:36 AM

Help me understand that this could not possibly be similar to every pyramid or even gambling.
 

The SEC has a handy checklist of signs that you might be looking at a pyramid scheme:

    No genuine product or service. ...
    Promises of high returns in a short time period. ...
    Easy money or passive income. ...
    No demonstrated revenue from retail sales. ...
    Buy-in required.

So Mastercard comes out with Master-Coin.
It's "buy in price" is currently $50K
Your account is secured with a crypto account number, just like a credit card account.
However your actual account value is totally dependent on whether other Master-coin holders are adding cash or withdrawing cash.
News spreads and others "buyers" open accounts skyrocketing your account's value.
Then panic selling ensues and your account's value collapses.

Where am I wrong?

 

Yes, it is similar in some ways to buying or trading stocks.

But at least stocks represent ownership in an actual business that produces something of value.

It's value is based on price to earnings over time rather than price to players.

 

The value of your real estate could drop, but at least you still own REAL estate.

 

With Crypto coins you may wind up owning a crypto key to an empty CRYPT.

Or so it seems to me.


Edited by Rogerdodger, 25 March 2021 - 10:13 AM.


#4 Rogerdodger

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Posted 25 March 2021 - 11:14 AM

Interesting thread at Elon Musk Twitter:

Elon Musk
@elonmusk
Tesla is using only internal & open source software & operates Bitcoin nodes directly.
Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency.

Replying to @elonmusk
If people buy Teslas in droves with Bitcoin and it continues to appreciate its going to be a very smart move. Whilst Bitcoin might continue to go up I just can’t see many people buying with Bitcoin. Why would they if Bitcoin continues to appreciate. Keep Bitcoin and get loan.

Replying to @elonmusk
Have any shareholders agreed to this, seems a pretty insane idea to take all your money and put it in an ‘asset' that is a super volatile speculative instrument … Plus captial gains, plus slow transaction time and higher costs … This really is top of the stupid pile.

Replying to @elonmusk
Bitcoins is a Ponzi scheme and bad for energy conservation. I’m surprised you are pushing this.

Replying to @elonmusk
Yet the amount of bitcoin you pay is solely based on a fiat currency pricing so why does that matter? If you believe in Bitcoin as a currency then why not set a price in Bitcoin?



#5 CLK

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Posted 28 March 2021 - 06:39 PM

 Professionals on this board said Bitcoin was going to zero 

3 years ago, now it's up 2000%, I really expected more from people that have traded for a long time.

 

While people are busy renting out houses for small change and having to deal with bad tenants and property damage, but calling Bitcoin a ponzi and missing out on trades of a lifetime. You might lever options and make serious money, but you have to be right more than 50% first, but you won't find another cash instrument that goes up 2000% buy and hold.

 

How are those protected evictions working out on those rentals?


Edited by CLK, 28 March 2021 - 06:47 PM.


#6 CLK

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Posted 28 March 2021 - 06:43 PM

All this board does is talk down about the best investment of the last 100 years, but can't call the market from day to day with accuracy, a little counterproductive isn't it?


Edited by CLK, 28 March 2021 - 06:46 PM.


#7 12SPX

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Posted 29 March 2021 - 08:06 AM

I guess my daily trading of no losses in 11 mths doesn't count, all trades posted on this board.  Didn't ever really trade b/c but have tried a few shorts and longs on when its in its 50's now lol!  I also wouldn't say its been the best investment in 100 years, Apple, Microsoft, Tesla, at least those are real companies and actually produce something.  The funny thing that I always question myself about bitcoin is why is it traded in every countries denominations if its supposed to be on its on lol!!  



#8 Rogerdodger

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Posted 29 March 2021 - 06:51 PM

Professionals on this board said Bitcoin was going to zero 

3 years ago, now it's up 2000%, I really expected more from people that have traded for a long time.

 

Bernie Madoff's Ponzi scheme, which likely ran for decades, defrauded thousands of investors out of tens of billions of dollars.

 

I really expected more from people that have traded for a long time.