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I just bought $200,000 of Bitcoin

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Raoul Pal also

 

These guys explain bitcoin well

 

Both rich smart guys

 

Not 95yo has beens or stuck in the 1970s

  • Replies 1.6k
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  • Are you posting to boast you can afford to write off the money or to tell us about your mental health?

  • Could evaporate much faster in crypto!

  • As far as I can tell , it is pyramid scheme dependent on the greater fool theory,  Schemes like that work well until there is no greater fool and you are the greater fool. 

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5 hours ago, Virt said:

your odds are probably better if you know how to play poker

The % taken out of each hand will kill you... if you have a table of 8, by the end of the night you might have one winner... and the house for sure.. 

4 minutes ago, 1FinickyOne said:

The % taken out of each hand will kill you... if you have a table of 8, by the end of the night you might have one winner... and the house for sure.. 

Poker is boring and 50% luck. Buying bitcoin isnt luck if you can read charts.

I don't mean to boast, but I have been buying and selling gold shares in the sum of half that amount this month, i.e. 100K and it has been very profitable, that said, at least with gold, it is bullish at the moment because of the tensions between Russia and Ukraine, interest rate speculation that they will rise, inflation on the up and the USD rising, gold shares depending on which ones you buy can pay a dividend of 3.5%, so if it drops below what I paid for it, I am still making a better tax free return than if the money was in the bank. That said, I will be looking to exit the market before the weeks out as I don't believe Russia will invade Ukraine, that is not the reason I have been purchasing gold, but it could send it back down.

 

As for Bitcoin, well if Russia doesn't invade as I suspect, you will more than likely make a good earn on your money, however if it does invade, expect that 200K to go to 100K overnight.

 

Best of luck, such a high risk Bitcoin, could never invest in something like that, the swings are just too much for my liking.

 I wish you the best of luck, I wish (a) I had the funds to do that, (b) the balls to do it ???? 

 

Please keep us informed of your success ????????????????

 

 

1 hour ago, happydreamer said:

Pick an exchange...any exchange...binance, coinbase, gemini, kraken...god the list goes on.  Rates vary based on the crypto asset ETH transactions are much higher than BTC.  There are no banks. Its decentralized (to a greater degree). People stopped trusting banks long ago.

Oh. I use bitkub as a platformn and to convert my digital currency to fiat currency here in Thailand. But I converted 95% back into fiat currency two  months ago..I did not have a lot invested..Its a mugs game being ramped by sharks

35 minutes ago, Sparktrader said:

Poker is boring and 50% luck. Buying bitcoin isnt luck if you can read charts.

poker is boring but not much to do with luck... it is just patience. 

 

Bitcoin is reading charts, after the fact... got any bets down?

2 minutes ago, 1FinickyOne said:

poker is boring but not much to do with luck... it is just patience. 

 

Bitcoin is reading charts, after the fact... got any bets down?

50% luck. Knowing odds you can still lose with bad cards.

 

Chart reading is more about finding trend changes as they begin ie a 3 month trend found in the first 2 weeks.

 

If it takes 3 months to find a trend change you miss a lot unless its a 12 month trend.

18 minutes ago, The Hammer2021 said:

Oh. I use bitkub as a platformn and to convert my digital currency to fiat currency here in Thailand. But I converted 95% back into fiat currency two  months ago..I did not have a lot invested..Its a mugs game being ramped by sharks

Honestly I wouldn't be using any Thai owned financial platform if you don't want to be open for a scam. I have anxiety about using a Thai bank let alone a bond new crypto platform.  If you're really interested look into binance, Gemini. or Kraken.  

1 minute ago, happydreamer said:

Honestly I wouldn't be using any Thai owned financial platform if you don't want to be open for a scam. I have anxiety about using a Thai bank let alone a bond new crypto platform.  If you're really interested look into binance, Gemini. or Kraken.  

Us,europe, aus or any 1st world country exchange.

 

 

GOOD LUCK FOR U, B. ! Who cares about your investments except yourself...?

I get suspicious when people bragging about money.

People who have real money don't talk about it.

Kao Chai ?

 

2 minutes ago, milys said:

GOOD LUCK FOR U, B. ! Who cares about your investments...?

It's not investing, it's gambling.

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9 minutes ago, milys said:

 

People who have real money don't talk about it.

Kao Chai ?

 

Kao Chai? Seriously?

 

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12 minutes ago, milys said:

GOOD LUCK FOR U, B. ! Who cares about your investments except yourself...?

I get suspicious when people bragging about money.

People who have real money don't talk about it.

Kao Chai ?

 

Elon talks about money. He got the most!

 

Buffet talks about money he top 10.

 

Rich people love talking money.

 

Poor people talk about football.

12 minutes ago, shdmn said:

It's not investing, it's gambling.

How do you know? Short term trading isnt gambling unless you have no methodology.

1 hour ago, Sparktrader said:
2 hours ago, Muzzique said:

That's exactly what it is. At the moment these guys are the greater fool. So they will make imaginary gains as long as there is a greater fool than them to sell them on too 

 

It's easy to join and on paper,  your coins value grows . When you come to cash out: well good luck with that.

 

It's like playing pass the parcel with a bomb. 

Do some googling. Big rich smart guys love bitcoin. 

 

Google "which smart guys love bitcoin"

 

These guys are smarter than u and me.

It A FOMO based business model where you can make money unless you are the Greatest Fool. These rich guys are not going to end up as the Greatest Fool when the bubble bursts. It's people who follow the herd and FOMO model who will lose everything.

1 minute ago, Muzzique said:

It A FOMO based business model where you can make money unless you are the Greatest Fool. These rich guys are not going to end up as the Greatest Fool when the bubble bursts. It's people who follow the herd and FOMO model who will lose everything.

Rubbish. Btc is mega huge, accepted by thousands of businesses. You  can day trade it, weekly trade it, monthly trade it or hold it lt.

 

Only fools think its going to zero.

 

 

Please do tell when its going to zero? This year?

 

5 years time?

 

2050 like the climate models lol?

 

Btc is the future. Fiat is a giant ponzi scheme whereby the gov funds new bonds by paying out old bonds. Massive money printing ponzi scheme.

 

Eth, solano, algorand have smart contracts ie added value future tech. They arent going to zero.

 

People said facebook was worthless too!

4 minutes ago, Sparktrader said:

Rubbish. Btc is mega huge, accepted by thousands of businesses. You  can day trade it, weekly trade it, monthly trade it or hold it lt.

 

Only fools think its going to zero.

 

 

 

You are way out of your depth my friend if you don't understand the Greater Fool model of FOMO.

4 minutes ago, Sparktrader said:

 

People said facebook was worthless too!

It still is..

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"I just bought $200,000 of Bitcoin"

 

Yawn...chicken feed, I just bought £2,000,000 worth.

Just now, Muzzique said:

It still is..

 

1 minute ago, Muzzique said:

It still is..

Founder worth $78bn

 

Wish i was worthless like that!

 

Blokes living in Thailand in 10,000 baht units saying Facebook and Bitcoin are worthless is pretty funny.

Just now, Sparktrader said:

 

Founder worth $78bn

 

Wish i was worthless like that!

 

Blokes living in Thailand in 10,000 baht units saying Facebook and Bitcoin are worthless is pretty funny.

 Then the need the Bagel Buddies  Day Trading Investment Course

 

I made all my $ billions using the Active Passive Income Trading 

 

You should try it. Mr Fargo is the best teacher ever.

 

 

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