Bitcoin

[Reincarnate]

http://www.theguardian.com/technology/2013/dec/18/bitcoin-plummets-china-payment-processors-digital-cryptocurrency

womp womp womp

this is why timing the market is a bad idea, folks. You can't predict the future and so you risk losing money when stuff like this happens. If you happened to have gotten in-and-out with a profit, you got lucky and could have easily lost that money all the same.

Of course, if you're planning on holding for the long run, then this doesn't apply as much.

[L.B.D.D]

Re: Bitcoin

+$7500/3 = $2500 ea

not bad for collab between stats labmates

[Zapmeister]

Re: Bitcoin

FUCK THIS i bought in two days ago and i'm down 25-30%

i should get some dogecoins instead

[leonid]

Re: Bitcoin

I'm up 5 mil. Enough for early retirement

[Arkuski]

Re: Bitcoin

This is a perfect example of why capitalism is inherently bad. We need government to step in so that scams like this won't exist anymore. I mean think about it, why would I pay real money for fake money? Gosh sometimes people can be so stupid smh

[Izzy]

Re: Bitcoin

This is a perfect example of why capitalism is inherently bad. We need government to step in so that scams like this won't exist anymore. I mean think about it, why would I pay real money for fake money? Gosh sometimes people can be so stupid smh

Do you really only use physical cash money for all transactions? That is impressive dedication to resist the new century.

[TheSaxRunner05]

Re: Bitcoin

This is a perfect example of why capitalism is inherently bad. We need government to step in so that scams like this won't exist anymore. I mean think about it, why would I pay real money for fake money? Gosh sometimes people can be so stupid smh

Because the government would never scam people either, give government all the power they want.

[Izzy]

Re: Bitcoin

Not to mention bitcoins aren't even a scam. Stock markets go up and down all the time and sometimes they crash. It is your own fault for making the risky investment.

[Netjet!]

Re: Bitcoin

I wouldn't worry, as you said in the long run the price is going to stabilize at a higher amount. Cryptocurrencies as a whole are still in the infancy stage (more or less) so it's bound to have drops like this when governments try to figure out what to do with it.

[adlp]

Re: Bitcoin

http://www.theguardian.com/technolog...cryptocurrency

womp womp womp

this is why timing the market is a bad idea, folks. You can't predict the future and so you risk losing money when stuff like this happens. If you happened to have gotten in-and-out with a profit, you got lucky and could have easily lost that money all the same.

Of course, if you're planning on holding for the long run, then this doesn't apply as much.

iirc there has been a consistent flow of news reports in China these last couple of weeks about the government not liking BC. every post about that speculation on r/bitcoin was downvoted though cuz magic internet money

[GuidoHunter]

Re: Bitcoin

Do you really only use physical cash money for all transactions? That is impressive dedication to resist the new century.

Because the government would never scam people either, give government all the power they want.

Not to mention bitcoins aren't even a scam. Stock markets go up and down all the time and sometimes they crash. It is your own fault for making the risky investment.

Is it always this easy, Arkuski?

--Guido

[korny]

Re: Bitcoin

I'm up 5 mil. Enough for early retirement

If this is true then good for you man. I have lost the race to FFR's first millionaire

[Izzy]

Re: Bitcoin

Is it always this easy, Arkuski?

--Guido

You should realize I was trolling him back with my first comment.

[devonin]

Re: Bitcoin

FishFishRevolution beat you to that years and years ago. He is the World's Strongest Millionaire.

[korny]

Re: Bitcoin

He's inactive so it doesn't count lol