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29541139 No.29541139 [Reply] [Original]

Whats the point of buying bitcoin right now?
If it moons you get a 2x if it fails you lose 50-80% of your money.

>> No.29541182

>>29541139
get in faggot we're going to 500k

>> No.29541253

Use Futures dumbass.

>> No.29541282

>>29541139
Literally no point. anyone that can get rich off of it has already gotten rich off of it. Alts are where the real money is at.

>> No.29541299

>>29541139
passiv income

>> No.29541331

>>29541139
Ever heard of leverage

>> No.29541359

>>29541139
you could use that 2x to buy the next bottom
in reality though its FOMO

>> No.29541370

>>29541139
There are a limited number of Bitcoin available to own, and a growing number of people who don’t want to sell their Bitcoin even for insane prices. You do the math.

>> No.29541436

>>29541139
bitcoin will give better returns this year than most stocks

>> No.29541446

>>29541139
It grows better than savings and it's still a lot safer than pajeetshitstreet coin #4316

>> No.29541486

>>29541282
/thread

>> No.29541498

>>29541139
try 20x

>> No.29541502

>>29541331
yes I have.
Ever heard of scam wicks?

>> No.29541585

>>29541282
I remember saying this in 2013 when we were getting close to $1k. So were everyone else in the BTC-e chat. The idea of it going any higher than that was too absurd to even seriously consider. And look where we are now.

>> No.29541978

>>29541585
Cope. yngmi if you stay in btc. Also you can't compare 2013 1k to 2021 50k. That's retarded logic. Why don't you buy cheap alts that way you can actually make it.

>> No.29542200

>>29541139
It might also moon 10x and never fall below 40k ever again.

>> No.29542287

>>29541139
Alt coins are safer. The bots all sold automatically when BTC took a dive. From the bounce of BTC compared to alt coins it seems the bots have not been told to rebuy yet.

>> No.29542398

>>29541139
Well, if the ratios are the same as 2017, we are going to see 800k this year. Not saying we will, but 2x seems very conservative.

>> No.29542462

>>29541139
I think it's doing more than 2x. Just do
I don't give a fuck about money OP. I care about land, and what I've got can't buy me shit for land
If it goes down 80% what happens? I still own zero land and have less currency I don't even want to begin with
Hmu if you're trying to sell some acres for 1 btc

>> No.29542850

>>29541139
x2 leverage

>> No.29542983

>>29541139
$5x2 is $10
>$5 profit
$5 loss (80 at most) loss is (5/80% $1.80
>Loss of $1.80
So at most I lose like $1.80 which I can make back in an hour of real work?
Yeah op what’s the point of buying bitcoin?

>> No.29543038

>>29541370
oh, so it's le short squeeze? :DDDDD

>> No.29543094
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29543094

>>29541139

Penny silver stocks went 150x when silver doubled. Real value *and* crypto-like gains. Dump your crypto and ride the Basedhorse anons.

>> No.29543134

Is now a good time to buy or should I wait for a bigger dip?

>> No.29543216

>>29542983
what are you smoking an 80% loss of $5 would be $4

>> No.29543260

>>29542983
Common Core education

>> No.29543392

>>29542983
You've only spent $5 on crypto?

>> No.29543485

>>29541139
FUD LOL BUY THE DIP U GUYS I MADE LINES ON THE CHART DUBS AND IT GOING NUKLEAR

>> No.29543487

>>29542983
Fucking what

>> No.29543489

>>29542983
>80% of $5 is $1.80

>> No.29543729

>>29543216
>>29543260
>>29543489
>>29543487
5/.80 is 6.25
6.25-5 is 1.25
I was just eyeballing my math for the 1.8 but it’s only .70 cents out
>>29543392
Yep, I was co side ring investing $7 because it’s my lucky number but I don’t have the available funds just at the moment

>> No.29543893

>>29541139
Also, it only costs $8k to mine it.

>> No.29543900

>>29543729
Dummy. Loss = 0.80 x $5 = $4.

>> No.29543931
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29543931

>>29543094

>> No.29543961

>>29543900
5 divided by .80
5/.80
6.25
6.25-5
1.25

>> No.29543990

>>29543961
Why in the fuck would you divide your percentage lost by your initial investment? Please explain your retardation.

>> No.29544163

>>29543990
Then what do you divide it by?
5/80 is .00165 which is way too low of a drop off
And I’m certainly not multiplying it
5x80 is 400
Did I make a 400% profit???
I wish

>> No.29544214
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29544214

>>29541182
first post best post

>> No.29544291

>>29544163
You don't divide it. Just read this in your head. Does 80% loss of $5 sound like $1.25 to you? Do you have a brain?

What about eating almost an entire pizza and somehow you have more than half the pizza left? Makes sense?

>> No.29544400

>>29544291
The fuck are you on about?
We’re talking about money not food

>> No.29544402
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29544402

>>29541139
How did everyone fall for this obvious bate?

Lets say you have $1000 and you invest it in BTC.
If it doubles you make +$1000
If it goes down by 80% you make -$800
So if those are equally likely you have an expected value of +$200

>> No.29544520

>>29544402
People who invest heavily in bitcoin are fucking idiots. Not because they invest in bitcoin, they're just fucking dumb.
I know someone whos a bitcoin millioniare who thinks he's going to be a billionaire because he uses an annuity function to calculate his future earnings.

>> No.29544592

>>29543893
Yeah but you're not taking into account difficulty anon.
If I buy 8k worth of equipment I won't be able to mine a bitcoin...
right?

>> No.29544773

>>29544592
It doesn't cost $8k to mine Bitcoin, you can mine Bitcoin with your own PC. Many other costs associated with mining, one of them being electricity cost.

>> No.29545118

>>29544402
yea but (200% - 20%)/2 = 90% which means you will lose 10% on average