The bloodletting continues, BTC continues to crash down to $368 today (from a high of $1200 a few months ago)
One ugly chart: http://www.google.com/finance?q=CURRENCY:BTC
One ugly chart: http://www.google.com/finance?q=CURRENCY:BTC
There's always some clown that talks about volatile commodities and boasts that they were right when the commodity is on the way down. Any volatile commodity will have its down points and they claim victory on every down swing. You would think they would get tired of getting proven wrong time and time and time again.
In regards to bitcoin they say something like "bitcoin is nothing but ones and zeroes" comparing it to gold and other tangible commodities while completely ignoring things like PP, WU, MG and bankwires that are nothing but ones and zeroes as well. The worst ones are those who are the loudest and ignore any debate contrary to their point. I guess that's true of any subject.
Bitcoin has had at least 3 bubbles already yet the clowns still scream "tulips" as if it was like the tulip bubble that never came back.
Here's a chart I prefer to use, and profit with. I guess some people are just not wired for risk and thus are not wired to make money.
There's always some clown that talks about volatile commodities and boasts that they were right when the commodity is on the way down. Any volatile commodity will have its down points and they claim victory on every down swing. You would think they would get tired of getting proven wrong time and time and time again.
In regards to bitcoin they say something like "bitcoin is nothing but ones and zeroes" comparing it to gold and other tangible commodities while completely ignoring things like PP, WU, MG and bankwires that are nothing but ones and zeroes as well. The worst ones are those who are the loudest and ignore any debate contrary to their point. I guess that's true of any subject.
Bitcoin has had at least 3 bubbles already yet the clowns still scream "tulips" as if it was like the tulip bubble that never came back.
Here's a chart I prefer to use, and profit with. I guess some people are just not wired for risk and thus are not wired to make money.
Excellent post QL
For some reason OP gets off on trashing bitcoin and yelling how he has been right all along. Not sure what the motivation is for this. Reminds me of 5team and his dedication to posting about Chicago sports teams when they lose. Waste of energy.
if BTC is not for you, great. But no one really cares to hear your "expert" financial planning advice.
PP, WU, MG and Bank Wires are money transfer systems and do not have floating prices that investors speculate on (granted the underlying currencies DO fluctuate)
Hey dude, if you want to delude yourself (and others) that a string of code on a computer is a "commodity" then that's great. I have some terrific Madoff backed securities that you might want to buy, they pay 12% a year! Oh wait, that's Allan Stanford backed securities,…oh wait that's WSEX deposits,…oh wait,…….
There's always some clown riding high on a Ponzi that has no problem taking the other chumps with him, it's called the "greater fool theory". Don't know who the greater fool is? It's probably you!
If you think an investment that has turned $1200 into $300 in 10 short months is something to invest in, great go for it!
