Price drops happens sometimes and it won't affect long term investors as it has earned everyone so far.
$6800 Again? |
  (Sep 26, 2019 11:17 AM)$hady Wrote: No more steak - back to eating ramen for a while. That's the main thing. I'll always remember what Eva Kaili said at the blockchain event, that you buy Bitcoin for what will happen in 5-10 years time, not 5-10 weeks. Quote:I think this drop is related to google's quantum computer That's an interesting theory. One has to wonder if Google could use this quantum computer to solve all the blocks and earn every reward and transaction fee until some other company built a working quantum computer. You can't speed up the 10 min block time I don't think. I wonder what would happen to the hashrate too. But can you imagine of Google accrued the rest of the BTC rewards and fees. That's insane to consider. This dip sucks but I really did buy huge at the $8500 level. I'm fairly confident of the $20k mark in 2020 when we have the halving. https://www.bitcoinclock.com/  (Sep 26, 2019 11:28 AM)TGilb94 Wrote: Long term guys...long term.. Think 5 - 10 years down the road, we can't get emotional with these dumps. I remember people saying that 7 years ago. :) Quote:Long term guys...long term.. Think 5 - 10 years down the road, we can't get emotional with these dumps. I'll call my mortgage company and tell them I can't pay next month because I'm thinking long term and I'll pay them with my BTC when it's $100k. That will work right? What a fucking ignorant comment to make.  (Sep 26, 2019 11:45 AM)Omniscient Wrote: I'll call my mortgage company and tell them I can't pay next month because I'm thinking long term and I'll pay them with my BTC when it's $100k. That will work right? Why would all your mortgage money be tied up in investments? It would be ignorant to lock away all your money into something that isn't a sure thing for short term gains, and not to consider an investment just that, an investment. (Sep 26, 2019 11:45 AM)Omniscient Wrote: I'll call my mortgage company and tell them I can't pay next month because I'm thinking long term and I'll pay them with my BTC when it's $100k. That will work right? You should only hodl if you don't have immediate expenses/bills to be paid. obviously if you need to sell soon, this drop will be pretty shitty for you, but me I'm fine with it. Quote:Why would all your mortgage money be tied up in investments? More ignorance. I earn 99% of my income in Bitcoin. I don't invest in it nearly as much as I just simply earn it. Imagine your paycheck is given to you on Monday and when you go to cash it Friday it's worth 30% less. That's my situation you retard. 
Sep 26, 2019 12:19 PM
(This post was last modified: Sep 26, 2019 12:19 PM by SirAndrew.)
(Sep 26, 2019 12:10 PM)Omniscient Wrote: More ignorance. I earn 99% of my income in Bitcoin. I don't invest in it nearly as much as I just simply earn it. You can explain a situation without resorting to hate speech, or getting overly aggressive because someone is positing an idea to you that is different to what you were expecting. There is absolutely no reason why you couldn't take money out each week in fiat for these exact reasons. You're just attacking people now for them not knowing the ins and outs of your personal financial situation. Emotions are clearly running high. (Sep 26, 2019 11:49 AM)jebb Wrote: You should only hodl if you don't have immediate expenses/bills to be paid. obviously if you need to sell soon, this drop will be pretty shitty for you, but me I'm fine with it. Get ready for some abuse, it seems. |
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