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At every new high, I am advising people who own Bitcoins to sell it because the crash is inexorable and its better to exit with a handsome return but Bitcoin su

At every new high, I am advising people who own Bitcoins to sell it because the crash is inexorable and its better to exit with a handsome return but Bitcoin surprises me time and again. It crashes but bounces back soon enough. I wonder what will be the point when people realise that thousands of dollars for what is essentially a reward for finding a meaningless number just doesn't make sense.

Js22 9y ago
I understand why they do it. Cows do what the cows around them do. How can you warn a cow not be a cow, is what I don't understand?
- yest 9y ago
  you are talking about yourself - you don't get new tech, you keep doing what others do. If some group of people is doing something weird like `mine virtual currency` you say wtf is that? If I can't touch it, it aint there. Keep it on buddy
whamlastxmas 9y ago
This is a pretty ridiculous way to look at it. Bitcoin holds value for a lot of obvious reasons.
- zzalpha 9y ago
  Those reasons being...?
  - guidopallemans 9y ago
    That it holds value. Why does cash hold value? Because it has value. Just like Bitcoin
    - zzalpha 9y ago
      Fiat currency holds value because (among other reasons): 1. It's used by a sovereign government as a means of receiving tax payments. 2. It's a common medium of exchange for products and services. Neither of these things is true of Bitcoin. I invite you to try again!
yest 9y ago
>I wonder what will be the point when people realise that... ...Bitcoin is a true tech revolution bigger than Internet. You can transfer unlimited wealth in a matter of seconds to anyone anywhere without knowing who he is or need to trust some usurers or beg for permission from some govt. But I guess you will be one of the last to understand it. You already gave a lot of bad advice to your friends and caused them to lose money, keep doing that
xiphias 9y ago
If I would have listened to people who ,,advise me'x financially without taking risk himself, I would be broke. If you're so sure of your knowledge about the crash, you can short Bitcoin, and start advising selling it _after_ you are in a short position (and make a lot of money at the same time)
deleted 9y ago
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Js22 9y ago

I understand why they do it. Cows do what the cows around them do. How can you warn a cow not be a cow, is what I don't understand?

yest 9y ago
you are talking about yourself - you don't get new tech, you keep doing what others do. If some group of people is doing something weird like `mine virtual currency` you say wtf is that? If I can't touch it, it aint there. Keep it on buddy

whamlastxmas 9y ago

This is a pretty ridiculous way to look at it. Bitcoin holds value for a lot of obvious reasons.

zzalpha 9y ago
Those reasons being...?
- guidopallemans 9y ago
  That it holds value. Why does cash hold value? Because it has value. Just like Bitcoin
  - zzalpha 9y ago
    Fiat currency holds value because (among other reasons): 1. It's used by a sovereign government as a means of receiving tax payments. 2. It's a common medium of exchange for products and services. Neither of these things is true of Bitcoin. I invite you to try again!

yest 9y ago

>I wonder what will be the point when people realise that... ...Bitcoin is a true tech revolution bigger than Internet. You can transfer unlimited wealth in a matter of seconds to anyone anywhere without knowing who he is or need to trust some usurers or beg for permission from some govt. But I guess you will be one of the last to understand it. You already gave a lot of bad advice to your friends and caused them to lose money, keep doing that

xiphias 9y ago

If I would have listened to people who ,,advise me'x financially without taking risk himself, I would be broke. If you're so sure of your knowledge about the crash, you can short Bitcoin, and start advising selling it _after_ you are in a short position (and make a lot of money at the same time)

deleted 9y ago

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