Discussion in 'Bullion Investing' started by Tyler, Apr 1, 2013.
What an appropriate name. Eat your bitcoins MIDAS.
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When many want Bitcoin, the par value rises, when few want it the value falls . . . except when the few are the pump-and-dumpers who create and profit on the volatility. It is nowhere near becoming a mainstream instrument of exchange, and after 12 years, people are finally recognizing it's never going to get there.
Bitcoin has been nothing but a scheme to hide illicit funds and for the pump-and-dumpers to get rich quick at the expense of enthusiastic victims. I cheer for the drug cartels, human traffickers and despots to put every dime into Bitcoin . . . it will break them.
Do you know the difference between Bitcoin and musical chairs? When the music stops, everyone runs from one and toward the other . . . you can have your Bitcoin.
Sour grapes? I've never even considered buying Bitcoin. I guess you don't know what the phrase "sour grapes" means.
That pretty much sums it up . . . if I never desired it, I cannot lament not having it.
I have no Bitcoin. Still not going to dump on it just because 1 Bitcoin is worth more than 500 ounces of silver.
Google says it means adopting a negative attitude towards something because you can't have it yourself. At over $11,000 I would say pretty much all of you can't have it yourself. Certainly not a full Bitcoin anyway.
After 12 years people are finally recognizing it's never going to get there.
It's up nearly $7000 since you stopped continuously posting it's price. It's up some $8000 since Kurt Bellman GUARANTEED it would keep falling to 0. Meanwhile posters have come out of nowhere overjoyed with excitement since silver broke $24. Im sure many are selling silver they bought for $30 earlier this year then they will have their apiphony afterwards. " But but spot went up" .
Interesting thing, I never said I have Bitcoin. It's just funny how the silver crowd runs to take a dump on anything not silver. And in the case, this April fool's joke would have made you guys millionaires had it been serious. Kind of makes you wonder who the real jokes are.
Do you plan on getting some for resale?
It's amazing that everyone sold their silver back in 2011 within 2 or 3 cents of what ended up being the high, but you all just assume Bitcoin holders will just keep holding forever unt it hits the $0 you all pray for. There are many people who have already cashed out more money from Bitcoin then most of the silver crowd will ever see
No Bitcoin. I have been buying Platinum heavy. Just posted 70 ounces here on the board. Waiting on at least $1200
Do you honestly think that anyone in their right mind would buy from you?
Whether someone can have a full Bitcoin or not is irrelevant. Anyone can have a portion of a Bitcoin, as they are not exchanged only in integer units. What is relevant is that, if someone never desired something in the first place, sour grapes would be the wrong expression to describe their feelings about what they've passed on.
" . . . near becoming a mainstream instrument of exchange."
If you can't figure out the meaning of the idiom "sour grapes", there's a proverb you might consider . . . a bird in the hand is worth two in the bush.
Just like with tulip bulbs 5 centuries ago, some were made millionaires, and others were made paupers . . . I'm a believer that the Bitcoin paupers are still to be made.
By the way, Bitcoin is up some $600 tonight and silver 3 cents but don't worry soon Bitcoin will come crashing to zero and all the silver crowds jealousy will be extinguished. Or not.
Just to think 10 ounces of silver swapped for Bitcoin the day this thread was created would be worth over a million dollars. But hey you still have $240.
Not that I would ever expect the silver crowd to say dang maybe we were wrong. No not a chance from the crowd that has imagined manipulators that don't exist, a silver extinction that was impossible, comex defaults that never happened, shortages of the most abundant "precious" metal on Earth, and now possibly the greatest nonsensical imagination of all --- cryptos becoming worthless. Bitcoin for one is limited as to the number that will ever exist in all of time, quite possibly in response to silvers greatest failing ---- 3 million new ounces every single day.
Now as I watch Bitcoin rip through $11,000, and the silver crowd celebrate a nice increase in silver which doesn't even cover half of recent premiums, I can just laugh. Nothing will turn you guys from your silver fanatisicm. Not even 50-85% premiums. Not even the fact that every asset invested in during 2020 is currently a huge winner ---- except silver. And yes, I know you can afford .000001 Bitcoin but I will stick by sour grapes, there is so much dumping on Bitcoin here because 99% of you couldn't afford the $11,500 in the first place and that's a much more serious concern than arguing over the direction of cryptos.
The Price of silver the day this thread was created 7 and a half years ago -------- $28.04
Now back to celebrating your $24 silver
If you sell before the pyramid fails, you've done well financially. That's when most of the con men sell because they know what they are selling is based on hype and not intrinsic value.
You can overpay for anything including gold and silver. It's being done everyday, mostly on late night TV. But gold and silver won't go to zero until seed is the coin of the realm.
You can assure no such thing.
Have you ever seen me denigrate Apple, Cisco or ___ (fill in the blank for yourself)? No, you haven't. And like I could have with Bitcoin, I could have bought and ridden those stocks to riches, but didn't. The difference is that those companies are unlikely to wipe out their shareholders, while Bitcoin is hyped by a bunch of aggressive, flash-in-the-pan speculators who can't wait to unload when the balloon is about to pop, leaving a bunch of enthusiastic innocents saddled with nothing but a lot of shattered dreams.
No, sour grapes absolutely does not apply here. You just want to keep pumping air into that balloon . . . you can't get rich on some other sucker's back if you don't.
There's also lots of people that paid 19k for bitcoin.
Let’s explain it this way, thief:
If I was to sell all my silver today, I would realize juuuuust south of a 50% return on investment. I’ve no problem with that. Of course, your ROI’s are undoubtably much higher. Because you’re a thief. So it’s all profit for you.
All companies fail eventually. It's part of the life cycle of business. So yes, Apple and Cisco will go to 0 one day. Yet you don't dwell on that as people are currently making a lot of money on them --- just like on Bitcoin.
You continue to run back to your conspiracy theories. Anyone who doesn't constantly hate on Bitcoin is just trying to trick people into buying it so they can "get rich on some other suckers back". You do realize the Bitcoin crowd already got filthy rich while the silver crowd continues to lose.
The day this April fool joke thread was started silver was in fact ~ $28.45, it's now $24.50 or so. 7.5 lost years. Maybe if the silver crowd wasn't so quick to denigrate what they don't understand, they would realize silver is the #1 worst "investment" in the world. But instead keep praying for the end of cryptos.
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