Why there’s never been a better time than right now to buy Bitcoin

I Have Bitcoins Why theres never been a better time than right now to buy Bitcoin

The collapse of Mt. Gox has caused uproar amongst many BTC speculators, investors and traders alike. But many are saying that it was just a matter of …


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21 comments on “Why there’s never been a better time than right now to buy Bitcoin
  1. dan says:

    Either way in a warren buffet rent seeking world you will always be either fearful or greedy.

  2. Phil says:

    I see on fiatleak.com the Chinese are buying Bitcoin like crazy, but not the rest of the world, do they know something the rest of the world does not, at this rate the Chinese will own all the Bitcoins, and all the Gold also.

  3. gerry d welder says:

    rinse and repeat…

    …geeez, your kidding, right?

    next somebody will call me a shrieking moron

  4. Useless Eater says:

    Where’s all the love? I mean, with a reported 6% of the bitCoins “disappeared” in the MtGoX, umm debacle(???), that can only be bullish. Supply and demand. When it gets down to one last bitCoin, it will be worth the entire market cap, won’t it? That is what we should all be fighting over…

    …that last bitCoin!

    The Feds get 12 million, in the end. And the last public sector coin? Priceless. Buy now, for your chance to get rich. This kind of opportunity only presents itself once in a lifetime. When is StacyCoin launching?

  5. The Ricard says:

    I thought people were generally ‘anti-Buffett’ round these parts…

  6. jischinger says:

    yeah, if I had the money I would buy a little, but I expect the price to fall maybe down into the 200’s and then I expect a huge rise.

    too much has been invested in bitcoin for it to just go away and the hard core people aren’t the kind to give up easy.

    this is a mt gox problem, nothing was found to compromise bitcoin itself.

    if someone wants to buy on my behalf and remember me later…
    1Nfts28B7vwGZ6QELUuVs3w6xuz16g1ENC

  7. MeCoin says:

    What’s the Zynga – BitCoin exchange rate, and who owns the bit rights beneath Farmville?

  8. jischinger says:

    @Phil “do they know something the rest of the world does not”

    the US is over – it’s crumbling beneath our feet

    you can feel it in the air

    I’m looking for the best way round or out

  9. Snorky says:

    Chinese love to gamble. ;)

  10. yawp says:

    Only a rich idiot like Buffet could utter such complete idiotic nonsense. Wow, such strategy, old fucker

  11. yawp says:

    So basically this rich turd (read: has target) can throw money at whatever and the law of averages works out in the green if you play these types of numbers and your betting on a game rigged for your breed. The invisible hand brings death to all in the end

  12. Mr. Ponzi says:

    He also said,

    Quotes

    **** “Rule No.1 is never lose money. Rule No.2 is never forget rule number one.”

    “Shares are not mere pieces of paper. They represent part ownership of a business. So, when contemplating an investment, think like a prospective owner.”

    “If, when making a stock investment, you’re not considering holding it at least ten years, don’t waste more than ten minutes considering it.”

    **** “Look at market fluctuations as your friend rather than your enemy. Profit from folly rather than participate in it.”

    *** “Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head”

    ***“The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn’t going to do anything for you….it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time”

  13. RR says:

    get the fuck out now. this is the kiss of death.

  14. Mr. Ponzi says:

    Bucket Shop:
    https://en.wikipedia.org/wiki/Bucket_shop_%28stock_market%29

    Bit Bucket:
    https://en.wikipedia.org/wiki/Bit_bucket

    And we also have from the article on boiler room, a good read,

    “Modern boiler rooms”

    “With the advent of the internet and the ability to create web sites easily without any regulatory involvement, as well as the ability to operate from other jurisdictions, boiler rooms have continued to operate into the 21st century. It is easy for scammers to set up a web site in one country, operate from another country and target victims in a third country, hiding their identity and making it difficult to trace them. ”

    https://en.wikipedia.org/wiki/Boiler_room_%28business%29

    more:
    “Business structure

    A boiler room usually has an undisclosed relationship with the company being promoted or undisclosed profit from the sale of the house stock they are promoting. The managers of the boiler room usually have close ties to the same owners of the company whose stock is being promoted. After the sales force of the boiler room sells their clients on the idea of the IPO, they are not allowed to sell the shares that the customer invested. This is because there is no real “market” for the shares, so any shares sold before buyers are attracted would create a large loss in the price of the stock, due to it being thinly traded with no public support. Once the insider investors are in place, a boiler room promotes (via telephone calls to brokerage clients or spam email) these thinly traded stocks where there is no actual market. The brokers of the boiler room actually “create” a market by attracting buyers, whose demand for the stock drives up the price; this gives the owners of the company enough volume to sell their shares at a profit, a form of pump and dump operation where the original investors profit at the expense of the investors taken in by the boiler room operation.”

    Read more at http://www.maxkeiser.com/2014/02/bitcoin-exchange-goes-dark-350-million-theft-claim/comment-page-1/#FOphICvAumq3jIbT.99

  15. Mr. Ponzi says:

    Was Mt. Gox a bit bucket shop?

  16. Mr. Ponzi says:

    Letter: Is Bitcoin a Ponzi scheme?</b?

    “As an accounting professional,…”

    “Does Bitcoin meet the elements of a scam? The odd element of the Bitcoin is the very public nature of the system. Every other element is met to a tee, including the mystery of who is behind the whole thing.”

    “Questioning the mining of Bitcoins or the nature of fund transfers exposes one to others’ ridicule — yes, I just don’t get it.”

    http://www.deseretnews.com/article/865594699/Letter-Is-Bitcoin-a-Ponzi-scheme.html?pg=all

  17. Jayme says:

    I don’t think Buffett bought into bitcoin.

    Warren Buffett On Philanthropy- Yahoo
    http://www.youtube.com/watch?v=1CNOmTQ-bNs

  18. b says:

    No better time to buy bitcoin?

    hhhmmmmm

    What about when they sold for $2.

  19. Mr. Ponzi says:

    @b,

    Great point.

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