posted on Feb, 25 2014 @ 03:16 PM
Lets say it this way....
If you buy a camero from a dealership and you found out that this one dealer was getting hit by bandits that store parts from their cars, you might
stop buying from that dealer and go to another. The camero itself is not the problem, but that one dealer. The bad publicity might make people think
it's a problem with the cameros but after they realise what really happened, they will contnue as normal.
Huge difference... I can physically have a Camero sitting in my driveway. I can drive it, wash it on the weekend, take the wife and kids for a spin
in it, etc. It is a physical purchase.
Those who are financially tied into Bitcoin can feel free to label me a hater or whatever else they feel the need to say to attempt to protect their
*ahem* "investment" in their own mind and the minds of other whose peace of mind Bitcoin's "value" is dependent on, I honestly don't care. The fact
is that it is beyond ridiculous to see the same people who bitch about how the dollar is a "fiat currency" are often the ones advocating and
purchasing the completely imaginary and arbitrary Bitcoins. It is about as ridiculous as seeing Level 500 Paladins with Platinum tier loot from World
of Warcraft being auctioned off on Ebay for $850. The digital age seems to have stripped more than a few folks of their sanity and common sense.
And I can spend that money I've made on imaginary coins.
For me, it's a hobby. I didn't put anything in it that I wasn't prepared to loose. If you want to put your life savings in it, then hey, that's all
you, and you're right... I don't want to hear about it when you loose it. Like anything else, people put their money in things to get rich quick and
most often have nothing to show for it in the end. It's no different than gambling.
Still, I wont judge someone that wants to toss their hard earned money in this anymore than I would judge someone putting 10$ on the lottery, or 100$
I have made THOUSANDS of times more with crypto currency than I have put in. I've invested very small amounts, and if I cashed out right this second,
I would have made many thousands of dollars more than I have put in and I haven't been doing this for years. Some of those guys that are complaining
didn't put their life savings away either. Many probably started early and just sat on their coins or traded to get the hundreds of thousands they're
complaining about loosing.
Anyone and everyone involved in crypto knows that they can make a crap ton of money or have it all dissapear in extreemly little time... In meer
seconds it could all vanish.
By the way... Someone could hit your car and total it out and by some stipulation, your insurance can find some way of not paying for it and you still
could end up with nothing. Anything is possible. You could even be no more from the same wreck. Personally, I like to take chances. Sometimes they
pay out, sometimes they dont. So far, it has. Tomorrow it may not.
edit on 25-2-2014 by StallionDuck because: (no reason given)