I distinctly remember you suggesting that virtually everyone should put somewhere around five percent of their portfolio into BitCoin, which almost got you laughed off the board and prompted TER to remove several of your "ad posts" which I am surprised were ever allowed in the first place.
Here is one post of yours that somehow still remains regarding bit coin, obviously the ones that were removed were much worse than this one
TER is now accepting BITCOINS. This means you can pay for VIP membership ANONYMOUSLY. No paper trail leading back to you. No credit card companies randomly declining your payments. No phone call to your SO asking if SEGPAY is a legit payment.
A little bit of currency fluctuation here and there, but hey... it's anonymous.
Although, if you really think about it, if you paid VIP with a credit card any time in the past, your anonymity is kinda blown already.
Why did it take you all day?
And I'm pretty sure YOU were aware of what it's all about unless I explained it in detail what it's all about.
You won't find me talking about bit coins anywhere in this thread. lol
lol I saw it the next morning after I paid with my credit card. Ha!
Lemmings and speculators treat it as more than it really is: as an INVESTMENT rather than a form of anonymous payment.
As with anything new, there's risk when treating this as an investment due to volatility and uncertainty of its wide acceptance. Some have made a fortune treating it as an investment when times were good. Others have lost a fortune when they bought at the top. (On the other hand, if you look at Fannie Mae in 2013 though, you'll see that those who got in when everyone else was fearful, have made the most profit)
Rokkk has been one of the biggest Buttcoin promoters on all of TER, I am surprised you've missed his posts on the subject. I don't know when Rokkk got in, but I remember him touting it when it was at about 1200. Probably not the best entry point considering it's barely a third of that today.
I don't read every single post on this board, most posts on this board isn't worth reading cuz it's the same old rehash, obvious posts, or posts that are so dumb it's not worth reading em. lmao
I only read the posts from people I find interesting, funny, or the posts that are directly hostile to me where I have no choice but to read em.
I'd have to say that anyone who treats a speculative investment like bitcoins with any seriousness to the point of promoting it, must not have any clue about how to manage risk. Considering he was touting it at 1200, it sounds like he's not much of an investor but rather a pumping shill.
I never "touted" Bitcoin on TER at any particular price point. I certainly never recommended Bitcoin as an investment. Decisions about investments are best taken up by each individual in a venue entirely apart from this one. The amount of Bitcoin I own, when I bought or mined them, when or if I sold any or all of them, are all topics about which I will continue my ongoing policy--which is to decline to discuss the matter
What I had always maintained was that Bitcoin was an excellent vehicle for facilitating payments for people who otherwise would be forced to use cash. As cash has its own risks (loss, robbery/burglary/theft, difficulty of bringing large amounts back into the conventional banking system), I recommended it as an alternative payment system for hobbyists and providers.
Some ladies and gents took action, most did not--all of which is fine.
I did get a little annoyed over taking all the jazz from people here accusing me of being a "tout", a "shill", or a "flak" for "them" (I never knew which "they" I was supposed to be representing, but whatever...); additionally, I was a little annoyed when TER actually deleted a few of my posts for similar reasons ("your post is promotional in nature"). I'm not going to offer advice when and where it's not welcome, and had no desire to go to war with TER over the issue; consequently, I elected to cease to discuss Bitcoin on these boards.
Now apparently there is a "new world order" here on TER, and it would seem that Bitcoin is a part of it. Personally, I'm grateful for the change in policy, although will admit feeling a bit peeved that it took so long for others to catch up; but again, that's fine. I've often been slow to embrace change myself, on all sorts of matters having nothing to do with finance/investing/trading or with the hobby, so I understand why people on here decided to fling feces from the sidelines.
Just proves the old saying: "An 'eight-day wonder' is taken for granted on the ninth day."
Same thing happened to me as well on here. It wasn't my "promotional" post that got moderated, it was a post of me defending myself against the folks that accused me of being in a Ponzi scheme.
What I had always maintained was that Bitcoin was an excellent vehicle for facilitating payments for people who otherwise would be forced to use cash. As cash has its own risks (loss, robbery/burglary/theft, difficulty of bringing large amounts back into the conventional banking system), I recommended it as an alternative payment system for hobbyists and providers.
Some ladies and gents took action, most did not--all of which is fine.
I did get a little annoyed over taking all the jazz from people here accusing me of being a "tout", a "shill", or a "flak" for "them" (I never knew which "they" I was supposed to be representing, but whatever...); additionally, I was a little annoyed when TER actually deleted a few of my posts for similar reasons ("your post is promotional in nature"). I'm not going to offer advice when and where it's not welcome, and had no desire to go to war with TER over the issue; consequently, I elected to cease to discuss Bitcoin on these boards.
Now apparently there is a "new world order" here on TER, and it would seem that Bitcoin is a part of it. Personally, I'm grateful for the change in policy, although will admit feeling a bit peeved that it took so long for others to catch up; but again, that's fine. I've often been slow to embrace change myself, on all sorts of matters having nothing to do with finance/investing/trading or with the hobby, so I understand why people on here decided to fling feces from the sidelines.
Just proves the old saying: "An 'eight-day wonder' is taken for granted on the ninth day."
Back in the day I would have pulled his posts and moderated him as well. I don't always agree with how admin currently runs the discussion boards, but "promoting other products" has always been grounds for having one's posts pulled and continued offenses almost always ended up with the poster being moderated or banned.
and yes Rokkk was not only a tout and a shill for bitcoin, but he became the laughing stock of the P&R board for doing so.
...inevitable for anyone who posts there regularly. I think most everyone else on there is crazy. They think the same of me, I'm sure. That comes with the territory.
I'll look at your other posts a little later and see what I want to say about them, if anything. Right now, the real world calls...
It looks like they lost another 14% of their value today, it seems like every day we talk about them here, they take another double digit hit. No wonder you don't want to discuss them here any more.
I distinctly remember you suggesting that virtually everyone should put somewhere around five percent of their portfolio into BitCoin, which almost got you laughed off the board and prompted TER to remove several of your "ad posts" which I am surprised were ever allowed in the first place.
Here is one post of yours that somehow still remains regarding bit coin, obviously the ones that were removed were much worse than this one
...in case anyone still cares.
The post you referenced stated:
***
Anybody with enough disposable income to be in the hobby is someone who should be willing to put 5% or so of his net worth into an admittedly speculative vehicle such as Bitcoin.
***
Presumably we hobbyists are in general a fairly affluent lot. I never said "everyone should put 5% of their portfolio into Bitcoin". Bitcoin as an investment is not a good idea for people who don't have "a portfolio" (your words, not mine) to begin with.
I assume most of my fellow TER-hobby-ers have exposure to various investments in a range of asset classes: stocks, bonds, real estate, commodities, etc. Some stocks are riskier than others. Investing in precious metals is risky also, although it's appeal is supposed to be that it provides a hedge against inflation.
In general: If some asset classes in one's total investment picture are under-performing, than others are probably out-performing--which is why diversification is usually recommended for most people.
I'll stand by my statement: If you have enough disposable income to be in the hobby, you likely have sufficient funds to put 5% of those funds into a speculative vehicle. Bitcoin is a possibility. Venture capital is another. Commodities are another. A combination of these is another.
5% is a reasonable ratio for speculative or contrarian-type investments--provided you're at a stage in your life that you have investments at all. That doesn't include "virtually everyone"--it probably excludes "virtually everyone"--it does include many hobbyists on here.
What is also unalterably true is that Bitcoin is an excellent vehicle for processing payments quickly and efficiently. Imagine a hobbyist holding up his cell phone to that of his provider and zapping his donation to her. No chargebacks, no counterfeit bills, no muss, no fuss. The provider turns her bitcoin back into dollars the next day by visiting her friendly neighborhood Bitcoin trader, or going to a f2f "exchange" (these exist in many major US cities, including some cities in which I spend a lot of time), or other methods (I'm not going to recommend online exchanges--I've been in the Bitcoin space for a long time, and I've never used one).
So Yeah, the provider is at risk to the market for a few hours--but the volatility has dropped so much now; the risk is not that significant.
But whatever: Bitcoin is slowly going mainstream, as more and more merchants are willing to accept it. It doesn't appear to be going away. People in the hobby may want to consider it as an option for settling their accounts. People will do whatever they want, and it's still a free country...sort of....
You sound like you are a lot more than a casual investor with some play money tied up in bit coin. I bet you have a substantial stake in this scam and you are begging others to join you.
Sorry, I will pass,