Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
cAPSLOCK
on 31/05/2021, 19:52:12 UTC
I just got back from seeing a friend. He's been in and out of Bitcoin since 2017 (lost money of course). Did the usual what about these shitcoins thing, which I dismissed as well as I could. Anyway he said he has been trying to withdraw as much equity from his home as he can for the last several weeks. Should get it in a week or 2. He then says he was going to buy bitcoin with it when it was in the 50s and now he's really glad that it fell because he's going to be able to buy much more.

He agreed with me that holding was the way, lessons from past sales learnt.

Foolish, I will say though that if you are in your 20's go for it lol... you can recover from losses in your early years and learn a lesson, not in your later years (50 +)

someone bought at $60k +, wonder how they are feeling right now

First of all, your reading comprehension skills seem to suck, Gatorelf - especially to believe that you are understanding the age of the bitcoin buyer because the word "50s" was used in the post... but hey, maybe that is just a minor point.

Quote from: somac. link=topic=178336.msg57119716#msg57119716 date=1622368201
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Let me clarify your misunderstanding, I am speaking in general when someone takes the equity out of their home that's fine great to use for whatever is needed. I just think its foolish to put it all in a crypto currency. If the investor is 50 years old or older there is no fool like an old fool.   

First of all you can do a little better to learn to use the quote system...  

Secondly, I personally think you are coming off as a dick calling people "old fools".

Have you thought about the possibility that there are some folks here in the age group you are insulting who have possibly outmaneuvered you in their investments?