Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
virtualfaqs
on 21/12/2013, 09:50:43 UTC
Quote from: JulieFig on December 21, 2013, 09:06:49 AM
Quote from: CryptStorm on December 20, 2013, 11:26:18 PM
Quote from: JulieFig on December 20, 2013, 11:20:02 PM
Quote from: virtualfaqs on December 20, 2013, 08:04:48 PM
Quote from: barbs on December 20, 2013, 08:01:55 PM
Quote from: tHash on December 20, 2013, 07:57:09 PM
Quote from: barbs on December 20, 2013, 07:49:44 PM
I've had three friends pull their money out and walk away from bit coin over the past few days.

Well done market makers / manipulators!

Really?   They didn't know going in that this happens?   I am very careful to explain the risks and how these things work to my friends.   Not one is less interested now than they were, which is to say most are quite sorry they didn't buy when I told them they should  Tongue

Did your friends lose money?

He lost about 3-4K $... oh well

There was a lady who bought at $1000 posting on this forum who had to take out a loan on their house to buy her first BTC. Kept talking about her dad investing 3000 BTC and trying to convince her to make her first buy. I wonder what happened to her.  Embarrassed

I'm still here Smiley. Still reading... Still 'hodling'. I paid $1080 for each of my 11.1 bitcoins and have not sold - I rationalise this like so: bitcoin is only worth as much as someone is willing to pay for it right? And I refuse to sell them for less, which means they are still worth at least $1080 . Ergo, I have lost no money Wink. How's that for a comforting delusion?

That's not delusion, an unrealized loss is not a loss. I wish I had that strength-- if you continue your patience, you will be rewarded like so many else who have held. Hopefully, it's not rent money, and you don't need to touch it for several months or a year. Smiley

That's a great way of putting it. I'm definitely going to use that when one of my anti-Bitcoin friends throws the dropped price in my face -- "An unrealized loss is not a loss."

No, it's not rent money Smiley. I tried to abide by the old adage; "Only invest what you can afford to lose." I see that one has been thrown around this forum a lot actually. Easier said than done though I suppose!

That is good mentality. I predict we should be able to hit $1000 again sometime in 2014. With overstock.com news looming and possible other retailers following afterwards. However price will probably continue going down until after Jan 31.