Just FYI: XO is incredibly gay about cryptocurrencies (TBF)
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Poast new message in this thread
Date: July 16th, 2017 10:07 AM Author: vivacious pistol wrinkle
To be fair,
I took shit on this board for years--literally years--after I encouraged people to buy BTC near the height of the late 2013 bubble. "LOL @ this dumb faggot telling people to buy worthless imaginary internet buttcoins @ $1k a pop!" all the tall, jacked, big-dicked pumos screeched gleefully as BTC began plummeting back to Earth--first $800, then $600, then $400, then $200. "What the fuck do you even do with this shit? Just think about it for a second and it's incredibly obvious that this is a scam and they're worthless. LOL @ all you dumb law lemmings who bought into a stupid bubble at the top of the market. But enjoy your soon-to-be-worthless fake money and make sure to thank TBF!" For years, pumos would bump the "pwnage" threads and ask me to comment on them. Oh, the terrible shame!
...Now fast forward three and a half years, and *even if you had bought at the very top of the 2013 bubble*, as long as you just passively held onto your BTC, you would have realized a nearly 300% return on your investment by Summer 2017 (and long-since qualified for the capital gains tax break). BTC--that "worthless fake internet buttcoin"--was now trading at an all time high of nearly $3k/pop. I hasten to add that back when I was advising people to buy, I almost always made sure to note that I thought it was an inherently speculative, long-hold proposition. I fully realize that this board is full of baby Buffetts (who strangely can't seem to leave the misery of the legal profession, or even retire from the unique hell that is Biglaw, notwithstanding their profound financial acumen--odd case very interesting), but recognizing that I'm a mere mortal dipshit in comparison to most of the brilliant pumos who dominate our discourse, I'm more than happy to realize an easy ~300% return on a purely passive investment within four years. "Make sure to thank TBF," indeed.
And at the same time, Ethereum came along and literally exploded--increasing more than 1000% within 2 months. XO got excited about cryptocurrency once again--"We're gonna be rich, boys! [Early adopter and prominent XO advocate] Exeunt is a genius!"--right up until the inevitable short term market correction sent ETH crashing back to Earth, just like BTC years before. And just as suddenly, Exeunt became another dumb asshole who led everyone astray with his "obviously terrible" financial advice--just like I had way back in 2013--even though he, too, has always made a point of advising that Ethereum is an inherently speculative, long-term hold proposition.
Never change, XO. Never change. I eagerly await the 2021 crop of cryptocurrency threading; I'm sure that it will be just as riveting and enlightening as earlier vintages, and, as always, """''""''"" will have lots of brilliant insights to offer on the way back down.
(http://www.autoadmit.com/thread.php?thread_id=3676346&forum_id=2#33786025) |
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Date: July 16th, 2017 11:08 AM Author: heady stage
(monkey)
i guess you're not a revisionist. youre simply viciously retarded.
bump the thread so that you can get billcosbyrapepwn3d on this glorious sunday. people wanted this illiterate indian MEGAPOSTING trash faggot to leave. thanks!
(http://www.autoadmit.com/thread.php?thread_id=3676346&forum_id=2#33786481) |
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Date: July 16th, 2017 11:29 AM Author: heady stage
i'm pointing out how insanely fucking stupid and retarded you are for posting this:
Date: July 16th, 2017 10:48 AM
Author: P04$tr4d4mu$
he owned up to his shitprediction right after the election and everyone told him not to retire
(http://www.autoadmit.com/thread.php?thread_id=3676346&forum_id=2#33786323)
(http://www.autoadmit.com/thread.php?thread_id=3676346&forum_id=2#33786613) |
Date: July 16th, 2017 11:46 AM Author: excitant french menage generalized bond
A conversation from 2071 with my future grandson.
me: “I remember when I was down 65% on an investment in a couple weeks."
him: "Wow so how much did you lose in total?"
me: "I didn't lose anything. I didn't sell because I'm not a pussy like your father. Even xoxohth told me I was an idiot for not selling."
him: "Wait so you didn't sell? What's xoxohth?"
me: "No. Not only did I just hodl, I bought more. Xoxohth was this racist nude bodybuilding forum where "professional" traders hung out and talked about how they bought high and sold low. Real gentleman."
him: "You bought more? Wow xoxohth sounds like quite the place. They must have been real experts."
me: "Total experts. Top notch traders and racists. So yeah I bought more and that's about it"
him: "That's it? Well what happened to the investment?"
me: "We're sailing on it."
him: "Hodl."
me: "Hodl."
(http://www.autoadmit.com/thread.php?thread_id=3676346&forum_id=2#33786700) |
Date: July 16th, 2017 1:34 PM Author: orchid indian lodge sweet tailpipe
"you would have realized a nearly 300% return"
200%
(http://www.autoadmit.com/thread.php?thread_id=3676346&forum_id=2#33787390) |
Date: July 16th, 2017 1:44 PM Author: jet-lagged codepig heaven
in 2013 people were saying bitcoin would replace the dollar for buying coffee. Even diehard bitcoiners have given up on that fantasy.
Crypto disappointment will only grow as time goes forward. In reality, it's not going to be useful for much of anything. It's reasonable to say future price might reflect that.
(http://www.autoadmit.com/thread.php?thread_id=3676346&forum_id=2#33787460) |
Date: July 16th, 2017 1:51 PM Author: Sapphire Boyish Station Psychic
I hope it feels good to be vindicated.
This is a long, slow pwning.
(http://www.autoadmit.com/thread.php?thread_id=3676346&forum_id=2#33787532) |
Date: July 16th, 2017 2:54 PM Author: Mind-boggling crackhouse
Oh yeah, nothing like crowing about the "long hold" in the literally six month period out of like four years where it manages to put you ahead (and that just had a 25% drop over what, a week?)
You could've invested in the stock market and been up something like 40% over the same time frame. Even in an overpriced market at least you know it's not actually going to be worthless and very likely still going to go up over a lifetime by a decent margin. Bit premature with your great comeback SCREED PWNAGE.
(http://www.autoadmit.com/thread.php?thread_id=3676346&forum_id=2#33787952) |
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Date: May 21st, 2021 3:15 AM Author: vivacious pistol wrinkle
To be fair,
Still premature?
Not a "math guy," but now that we can look back definitively with the benefit of hindsight, which approach gave investors a better return from 2013 --> 2021: invest $1000 in BTC and hodl (we won't even get into buying Ethereum in 2017 lol) or invest $1000 in the stock market? Pretty close, or a wide margin between those two outcomes?
Thank
(http://www.autoadmit.com/thread.php?thread_id=3676346&forum_id=2#42497211) |
Date: July 16th, 2017 5:20 PM Author: peach irradiated kitchen
no barriers to entry except acceptance
no reason to exist except to do illegal stuff
no recourse when you get fucked
no inherent value
aoefkjaoejfdoajea
value? not much
(http://www.autoadmit.com/thread.php?thread_id=3676346&forum_id=2#33788753) |
Date: May 21st, 2021 3:21 AM Author: vivacious pistol wrinkle
To be fair,
PS: I'm gay btw
(http://www.autoadmit.com/thread.php?thread_id=3676346&forum_id=2#42497212) |
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