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-   -   If you have a good sum of money, you can leverage a currency and profit from it (https://gfy.com/showthread.php?t=1104601)

isteve 03-28-2013 01:47 PM

If you have a good sum of money, you can leverage a currency and profit from it
 
This is exactly what's happening with bitcoins. There is several very rich persons that bought a lot of bitcoins when it crashed last year. These people then lobby and advertise how bitcoin is awesome.

When there will be enough money in bitcoins, they will cash out and the price will drop drastically.

This happens also on a lower level with LTC, on a day-to-day basis.

Just wanted to tell you guys. I personally sold half of my bitcoins. Just sold 800 bitcoins at 95$ CAD each this morning. I tell you, the price will drop soon (this is of course my opinion only).

... and here goes my first bitcoin thread. Let the hate begin! :thumbsup

CAHEK 03-28-2013 01:55 PM

Buy Low Sell High :2 cents:

isteve 03-28-2013 02:00 PM

Quote:

Originally Posted by CAHEK (Post 19550446)
Buy Low Sell High :2 cents:

... more like buy low, advertise your product, make it climb high and sell :thumbsup

MainstreamGuy 03-28-2013 03:09 PM

Quote:

Originally Posted by isteve (Post 19550458)
... more like buy low, advertise your product, make it climb high and sell :thumbsup

Exactly... That's how they do it. :2 cents:

Bit Coins are worth shit and anyone jumping in, deserves to be fucked hard when they crash against the wall of reality.

rowan 03-28-2013 05:31 PM

800BTC is a nice amount to cash out right now. Enjoy your CAD :)

PGR 03-28-2013 05:33 PM

pump and dump

Supz 03-28-2013 07:11 PM

Did you hear the joke about the bitcoin?

A bitcoins walks into a bitcoin, one bitcoins says to the other bitcoins. Bitcoin!!!!


ahahahahahha

MikeRoth 03-28-2013 07:13 PM

The Mafia owns 40% of the bitcoins

ErectMedia 03-28-2013 07:15 PM

I own 0, if ya got in early bling bling, not sure I would gamble on it maintaining.

fatfoo 03-28-2013 07:23 PM

This is the problem here. People want to know which currency is real and which currency is not real. Sure, they could get bit coins, crap coins or shit coins, or whatever else. Which ones can be transferred to real dollars… “Buy low, sell high” – this would be technically the correct thinking. Good luck.

baryl 03-28-2013 07:27 PM

I'm confused. You guys are just now discovering Forex? It's about as old as money itself.

MikeRoth 03-28-2013 07:35 PM

Bitcoin will never truly die because of it's illicit use. It's a phenomenal anonymous currency and it was designed that way.

People are mad because they missed the money train. It may just be a bubble waiting to burst but even when bitcoin settles back down to $20/coin you can't call something worth 20x more than the American dollar a failure.

EriktheRabbit 03-28-2013 08:16 PM

Quote:

Originally Posted by P.G.R. (Post 19550792)
pump and dump

:2 cents: Yawwwwwwwwwwwwwwn - Next tell us please how is this Universe working?

rowan 03-29-2013 06:11 AM

http://thsrv.com/p/bitcoinbitchin.png


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