Followed by another and then another
http://www.reddit.com/r/Bitcoin/comments/2dlpkn/just_bought_12_bitcoins/
Posted Aug 15, 2014, 3:45 PM UTC
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Must Buy Moar Cheap Shiny Math Coinz!
OMG limited resource like gold! Buy nowz! No one can ever make a string of numbers, these are totally valuable, nothing in the future can ever match their awesomeness! Did I say Buy now yet? Ok buy now!
OMG The real creators of facebook totally invested in bitcoins, winkii brother omg they are so smart and truthful , bitcoins should totally cost 10 times more , buy now guize
As VP said, spreading your buy over a large period of time minimizes variance. That's not really what I was looking for here, I was looking to gamble.
Well, at least OP in that thread is being honest ... but really ... if you wanna gamble, fly to Vegas and drop that $6k out there, you'll have much more fun with it.
I like how the top-voted advice given to this Captain of Industry (tm) is that he shouldn't disclose his vast inevitable future wealth, because it will attract future thieves and hackers.
I also like how he compares a LAN cable to walking in Compton. Computers aren't that insecure. I know there are a few exceptions like the Blaster worm but merely plugging in a cable is mostly safe.
Yea I think most of the people overestimate what social hackers can do these days. Some years ago systems were very insecure compared to today's standards, even online website back then didn't have any kind of real storng security. Nowadays hacking passwords and keys is a very very difficult thing to do and it takes tons of time. Scams on the other hand are not that uncommon and they are very likely to happen in the btc world, so losing that way yea.
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This isn't a crash this is an exodus. I can't believe how much support is being thrown behind it just to watch it tumble all away.
Pyramid behaviour
Expect more, and more extreme. Have you got your tinnies and popcorn ready for this spectacle, don't forget to record it for future story-telling.