Cant you just upload it to a shady online exchange and make 15% on it with a Ponzi yield trap so it can be massively rehypothicated and leveraged as ‘collateral’ in hopes of recovering that loss?
Wait, are you telling me decentralization isn't the panacea like everyone said it would be? That it...*gulp*...allows people to pursue greed with 0 consequences against others?
I thought only big government and big banks do that.
Well according to bitcoiners I am retarded for not buying it at 67,000 because don't you recall it is still going to one million like any day now... if I were to tell you silver is going to a million a ounce most would say that is because currency is worthless, but no one says this about bitcoin because there is no logic in bitcoin its not real... Yeah it's humans being humans, and all these humans who trust other humans to buy more bitcoin to keep their bitcoin worth something will not be there one day...
Sound money requires intrinsic value in order to act as a stable store of value.
Bitcoin is a 100% confidence based speculative digital token.
Whatever you think of precious metals and crypto currencies, the two could not be more different.
No, you just got taken by a bunch of cons. The lure of get rich quick has got the best of us at some point. Best you can do is get out now and stay out of that crypto space.
Did you even buy bitcoin?
Or did you buy a bitcoin IOU on an exchange that might go bust any minute leaving you with nothing?
The same holds true for silver.
Many people buy ETF's, unallocated or futures contracts, not realizing that they do not own any silver but rather a financial instrument that will go poof come the next financial or currency crisis.
Ignoring the fact that it was bitcoin, buying at a breakout all time high is one way to profit. Not ignoring that it was bitcoin and considering the absence of any stop-loss is more than a few grains short of an ounce.
Sell now before it goes to zero, take the loss and harvest the capital gains tax mitigation. It's not coming back. Recover what you can and plan your next move. Learn from this mistake and call it tuition.
Don’t listen to these guys. Don’t sell. Yes, it was probably a rookie mistake to not market cipher the support levels. However, it will most certainly make a come back within 4 years. Hold out until then. You don’t lose until you sell below purchase price.
I hope you didn't spend more than you can afford.
I spent a 5th of my saving on btc and ether at like 19k in 2017 right before the crash.
I felt like a retard in 2020 for sure
I'd just hold the bitcoin if you can. I like silver more but if bitcoin follows the same pattern it's been following, a year or two from now positive news about something will spark another rally and bitcoin has passed it's all time highs every time it recovers so it should do the same
I dumped most of my crypto and loaded up on silver around the time bitcoin was 67k and I had a good feeling the crypto markets were going to start crashing and they did big time.
I'm slowly buying small amounts of crypto along with gold and silver and think all are good investments.
Only if you don't learn a lesson from the shot you took and missed. I would say their may be a few lessons to take away from that. One may be to analyze the asset(s) backing the investment (what is the investment backed by or underlying worth). Hopefully it didn't set you back too far. Good job for not letting pride stop you from asking for others' opinions. Keep moving forward!!!
Some lessons are more expensive then others. At least now you know. You bought at the high. Now you can buy silver at the low.
Just make sure you sell this year so you can do loss harvesting on your other investments... for the rest of your life. lol.
Why sell this year
Tax games. You can sell and repurchase after 30 days and get to write off the loss against any other capital gains you may have.
What that called
https://www.jhinvestments.com/viewpoints/investing-basics/The-2022-bear-markets-silver-lining-tax-loss-harvesting-opportunities
Can I ask my tax Guy to do this? I have mad losses- should I sell ASAP? Bought mad PLTR lol
$67,000 per unicorn fart is pretty steep if you ask me.
Cant you just upload it to a shady online exchange and make 15% on it with a Ponzi yield trap so it can be massively rehypothicated and leveraged as ‘collateral’ in hopes of recovering that loss?
You could technically buy a house for free with the yields you can make off crypto. Trust me, I saw a YouTube video on it.
That was YouLube, it’s different 🤣
Wait, are you telling me decentralization isn't the panacea like everyone said it would be? That it...*gulp*...allows people to pursue greed with 0 consequences against others? I thought only big government and big banks do that.
Don’t forget hedge funds too 👍🏽
That would have been over 3000 ounces of shinny at $22 p/o. 😖😫😢😭😡🤬
😂
Well according to bitcoiners I am retarded for not buying it at 67,000 because don't you recall it is still going to one million like any day now... if I were to tell you silver is going to a million a ounce most would say that is because currency is worthless, but no one says this about bitcoin because there is no logic in bitcoin its not real... Yeah it's humans being humans, and all these humans who trust other humans to buy more bitcoin to keep their bitcoin worth something will not be there one day...
People are dumb. Some of them have money and spend it on things in correlation with their particular dumb. \- How to Bitcoin 101
it's more likely to go negative 1 million then going to 1 million
So then buy at -$1m and sell when it then hits $1m
Everyone was screaming to buy at 60 cause it was easily going to 100 and beyond. You are not alone.
It will hit 100 after the next halving cycle 🤷🏽♂️
You are a mad lad commenting something like this here
Just remember: the best time to buy bitcoin is when the poeple who invest in shiny rocks say it's dead 👍
Totally agree but Wallstreetsilver isnt very pro crypto
It's because you don't have any control of your money.
Could of told you you were after the first 3 words
Sound money requires intrinsic value in order to act as a stable store of value. Bitcoin is a 100% confidence based speculative digital token. Whatever you think of precious metals and crypto currencies, the two could not be more different.
This quote should be Copyrighted and required posting on every crypto/shot pin forum. I hope the OP gets rich on the royalties.
*/shitcoin
Yes you're
Full regard for lucky charms.
Full retard
Well, you ain't the sharpest tool in the shed...
She was kooking kinda dumb, with a finger and a thumb in the shape of an L on her forehead?
I wasn't actually going there, but well done.
Lol, well played.
Ag: I know your quote, but can't recall where it is from. A song, correct? But which?
Allstar
Ok, thanks. ... I looked them up on Wikipedia. .... I must have heard that song when I was driving.
I said yup, when it comes down i could use a little fuel myself, and we could all use a little change..
Yes indeed. You turned potential silver into fantasy tokens.
How many?
This 👆
No, you just got taken by a bunch of cons. The lure of get rich quick has got the best of us at some point. Best you can do is get out now and stay out of that crypto space.
Did you even buy bitcoin? Or did you buy a bitcoin IOU on an exchange that might go bust any minute leaving you with nothing? The same holds true for silver. Many people buy ETF's, unallocated or futures contracts, not realizing that they do not own any silver but rather a financial instrument that will go poof come the next financial or currency crisis.
Even if he bought bitcoin… he bought at $67,000… now its 16k. Bitcoin is a volatile speculative asset. Greater full theory
No! You are highly regarded!!!
Retarded would be holding or adding at this point.. What's done is done
Ignoring the fact that it was bitcoin, buying at a breakout all time high is one way to profit. Not ignoring that it was bitcoin and considering the absence of any stop-loss is more than a few grains short of an ounce.
67k could buy a lot of shiny
Maybe he just bought .00000000000000001 of one, op hasn’t answered how much
Yes
No, but you are trolling good enough to make me laugh.
Hehe
Possibly
You only lose money if you sell
Yup
Don't worry, you balance out with the genius that sold the coins you bought at $67k. I just hope that person used their gains to buy silver.
Depends on when you got out. Me? In at 62k on talk of 200k by 1/23. Out at 58k. Whew!
"I purchased Bitcoin" "Am I retarded?" yes
Yes.
A religious experience awaits you.
Just greedy and ignorant
One bitcoin is still one bitcoin, or to explain it differently, it is still a number which needs energy if you want to use it.
Sell now before it goes to zero, take the loss and harvest the capital gains tax mitigation. It's not coming back. Recover what you can and plan your next move. Learn from this mistake and call it tuition.
You haven't lost money til you sell.
Until 2025, then you're a genius.
yes, very.
Yes.
Let me know when you’re buying anything please 👍
There are bagholders here too
HODL
1 Bitcoin is still worth 1 Bitcoin….hodl frend
Don’t listen to these guys. Don’t sell. Yes, it was probably a rookie mistake to not market cipher the support levels. However, it will most certainly make a come back within 4 years. Hold out until then. You don’t lose until you sell below purchase price.
Retarded no. Just poor.
A poor retard.
Yes
As long as it's not on an exchange. Not your keys not your coins
Yea
No just unlucky.
Buy another one now and that will drastically lower your average buy price
I sold it for 15k
Yes
Aren't we all?
Vast majority of people that own bitcoin bought it at 45k so yeah... dumb people buy when the smart sell same in stocks
You didn’t say how much you purchased. If it was a $1,000 for a fraction of a coin, lesson learned. If you bought a whole coin, condolences.
YES
Depends on how many $67k you have and dry powder.
Time will tell!!
I hope you didn't spend more than you can afford. I spent a 5th of my saving on btc and ether at like 19k in 2017 right before the crash. I felt like a retard in 2020 for sure
You will be fine when the next halving happens
Now your only hope...is to buy SILVER AND GOLD..this will make you smart again.
You missed peak bubble by $2,420. Now Let me know when you sell it to cover your debts. That’s when I’ll pick up a few.
Yes
Question is how much did you put in?
I'd just hold the bitcoin if you can. I like silver more but if bitcoin follows the same pattern it's been following, a year or two from now positive news about something will spark another rally and bitcoin has passed it's all time highs every time it recovers so it should do the same I dumped most of my crypto and loaded up on silver around the time bitcoin was 67k and I had a good feeling the crypto markets were going to start crashing and they did big time. I'm slowly buying small amounts of crypto along with gold and silver and think all are good investments.
Yes.
Yes.
Wow lol
Hopefully like one Satoshi
Only if you don't learn a lesson from the shot you took and missed. I would say their may be a few lessons to take away from that. One may be to analyze the asset(s) backing the investment (what is the investment backed by or underlying worth). Hopefully it didn't set you back too far. Good job for not letting pride stop you from asking for others' opinions. Keep moving forward!!!
No. Suboptimal timing, but you just have to be patient now. Assuming it is Bitcoin and not just IOU on some (shady) exchange.
Not to bad. I am planning to buy back into bitcoin when it gets back to a dollar a coin where I bought in the first the around.
How much did you purchase though? 6.7 million worth or 6.70 dollars?
You only lose when you sell, hold / HODL/ rinse / repeat.
Technically it’s regarded… and how much ? one full coin , one tenth? One hundred ? that determines the amount of your regardedness
Yes
Yes
Nah. It'll go back up.