Quote from: twiifm on July 02, 2014, 02:52:48 AM

Quote from: Devin Chow on July 02, 2014, 02:36:01 AM

Whatever you say, Mr. DUMBASS!

The price went over market. Accept it.

You don't have 100 BTC, and you never will have the means to acquire them with your inferior business acumen.

Now get off my thread, fatty.

Just cause someone is dumb enough to overpay the market price doesn't negate the logic that its dumb to overpay.

I don't 100btcs to sell you for 150. You send me 150 and I send 100 in rerurn.

Try using logic instead of ad hominems you twerp. Thats how stupid it is to overpay the market price

Don't forget that trying to buy 30k BTC on an exchange would certainly influence the price before you're done picking them all up (I believe the term for this is "slippage" but I could be wrong). If you look at it from the perspective of the average price you're paying for those BTC against the price BTC was at the time you started buying, you're going to pay more per coin that what the market price was when you started; in other words, overpaying was always necessary IMO.

Now, overpaying by 66% seems like a bit much, but it's not unreasonable. I'd wager between 700-800 is going to be closer to reality. We do see overpaying as a legit strategy in other areas, such as sports teams (not comparable to currencies but it's hard to compare Bitcoin to anything accurately).

Ballmer paying 2 billion for the Clippers, Jeffery Laurie and the Eagles, etc is obviously so different because there's only 30~ sports team in each pro league, but the concept works there, and can work here too.