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/biz/ - Business & Finance

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8042259 No.8042259 [Reply] [Original]

I PURCHASED 5 BITCOINS AT $20,000

YOU ASSHOLES TOLD ME IT WOULD GET TO $200,000 SO I LOCKED FOR 5 YEARS

>meanwhile my friend (economics lecturer) gave me a full detailed lecture as to why crypto is in a price bubble and how bitcoin evolved into a Ponzi scheme

also

/wiki/Greater_fool_theory

>The greater fool theory states that the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market participants.[1] A price can be justified by a rational buyer under the belief that another party is willing to pay an even higher price.[2][3][4] In other words, one may pay a price that seems "foolishly" high because one may rationally have the expectation that the item can be resold to a "greater fool" later.

>> No.8042302
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8042302

Thanks for buying my bitcoins.

>> No.8042314

Hurry up an sell before it drops any lower, you can always get back in at 15k

>> No.8042320
File: 83 KB, 1600x826, 1519494124928.png [View same] [iqdb] [saucenao] [google]
8042320

>>8042302

>> No.8042332

>>8042259
You didn't do research into Bitcoin. If you weren't prepare for volatility then you should've have bought any.

>> No.8042347

https://www.cnbc.com/2018/02/28/struggling-bitcoin-will-double-by-mid-year-wall-streets-tom-lee-says.html

now gtfo you fucking retard

>> No.8042353
File: 146 KB, 398x281, btc-crash.png [View same] [iqdb] [saucenao] [google]
8042353

You got scammed.

>> No.8042369

>>8042259
you did good, buy high and sell low.

>> No.8042409
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8042409

>>8042369
yes thank you masters

I will wage-slave till eternity

-------------------------Born a slave-----------------------

>> No.8042412

>>8042259
https://www.youtube.com/watch?v=61Q6wWu5ziY

>> No.8042457

>>8042412
I flushed $100,000 in the toilet

>> No.8042472

Sell everything now for a sweet loss, then FOMO back in sometime around Dec when BTC hits $35k. The optimal investing strategy.

>> No.8042491

>>8042472
BTC is outdated hot garbage, go ETH

>> No.8042515
File: 59 KB, 800x1099, buy high sell low how to lose money in crypto.png [View same] [iqdb] [saucenao] [google]
8042515

>>8042472
this guy gets it
this is the only way of making money
this is the /biz/ way.

>> No.8042558
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8042558

>>8042259
mfw he doesn't realise in 5 years they will be worth $200000 each

AHHHH SELL SELL SELL CUT THOSE LOSSES BEFORE ITS TOO LATE

>> No.8042590

>>8042259
i hate you fucks

>> No.8042611
File: 81 KB, 1024x1024, Pepe_the_Frog_-_Plush_doll_1024x1024.jpg [View same] [iqdb] [saucenao] [google]
8042611

https://www.youtube.com/watch?v=KTf5j9LDObk

>> No.8043044

>>8042472
>living the /biz/ dream

>> No.8043839

i got 5 zcl at 214 dollars

>> No.8044372

>>8042320
WOJACK NOOOOOOOO

YOU NEED THOSE

>> No.8044410

>>8042259
>Ponzi scheme
>They use this word, but it don't mean what they think it mean.

Don't worry if your lecturer says it is a ponzi he is retarded and his opinion can be safely disregarded.

>> No.8044545

>>8044410
>Ponzi
>Buy into something with no intrinsic value so you can make money off the next guy

>Shitcoin
>Buy into something with no intrinsic value so you can sell it for more money to the next guy

Completely different right senpai?

>> No.8044556

>>8042259
>YOU ASSHOLES TOLD ME IT WOULD GET TO $200,000
It's true. What's your problem?

>> No.8044634

>>8044545
>another mong who thinks speculative assets are ponzis


I guess your opinion is also worthless, sorry anon.

>> No.8044639

>>8044545
you are retarded. Might want to learn what a ponzi scheme actually is and how markets work before you fall for one

>> No.8044658

Most people who enter the market the first time buy the tops due to FOMO, I will admit with honesty I did the same thing in april 2013, bought at 180 usd but I held and I've still got the same BTC from then now in one of my wallets sitting at 5962% fiat appreciation its the equivalent of buying 15-16k before the ATH this time. The trick is to average in to your position which is what I did afterwards and to not sell until you are happy with the gains.

>> No.8044938

>>8044545
u are so fucking dumb.

>> No.8044984

>>8042259
20.000 pesos, rubles or rupees maybe.

Now fuck off.

>> No.8045055

>>8042259
> greater fool
Genie in a bottle

>> No.8045447

>>8044634
>>8044639
>>8044938

Everyone knows what a Ponzi scheme is you fucking idiots. I'm highlighting the SIMILARITIES.


>Buy into something with no intrinsic value so you can sell it for more money to the next guy

Please do tell me how far off the mark I am with this?

>> No.8045468

>>8045447
There's a lot of similarities between the creases around by asshole and the folds on your brain, but that has nothing to do with the fact that you're a shithead

>> No.8045519

>>8042259
How can you be so dumb and have 100k just lying around like that

>> No.8045836

>>8042259
Dude if you bought that much at $20k then I honestly cant feel bad for you man. You couldn't just watch it for a week? Nope, had to jump in head first at the ATH