Current Events > Did darkman ever buy bitcoin

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V-E-G-Y-
12/07/17 10:52:12 AM
#1:


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Caution998
12/07/17 10:52:32 AM
#2:


@Darkman124
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drunkmuggle
12/07/17 10:53:26 AM
#3:


no he is not a fan of the volatility I believe
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Darkman124
12/07/17 10:58:27 AM
#4:


no
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V-E-G-Y-
12/07/17 10:59:03 AM
#5:


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Darkman124
12/07/17 11:12:31 AM
#6:


V-E-G-Y- posted...
When will you buy


never

i only invest in things that create value

buying bitcoin is speculating

my suggested porfolio does not include precious metals either.
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DifferentialEquation
12/07/17 11:40:37 AM
#7:


Darkman124 posted...
i only invest in things that create value


What do you define as creating value?
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Darkman124
12/07/17 11:44:02 AM
#8:


DifferentialEquation posted...


What do you define as creating value?


conducting business that combines labor and a commodity in order to generate a different commodity that produces a profit

i would never buy GLD, but I would buy GDX, for example.
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BignutzisBack
12/07/17 11:44:53 AM
#9:


Darkman124 posted...
DifferentialEquation posted...


What do you define as creating value?


conducting business that combines labor and a commodity in order to generate a different commodity that produces a profit

i would never buy GLD, but I would buy GDX, for example.


Do you invest in automation or robotics stocks
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Darkman124
12/07/17 11:45:13 AM
#10:


BignutzisBack posted...

Do you invest in automation or robotics stocks


not explicitly but they're included in the index ETFs that I hold.
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V-E-G-Y-
12/07/17 12:11:52 PM
#11:


Hmm, what about you other successful CEusers like

@Asherlee10
@CableZL
@Cleo_II
@anaax
@BreezyExcursion
@eston

You guy buys bitcoin? If not, why? Why aren't they worth you guys time? What are we missing?
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CableZL
12/07/17 12:13:25 PM
#12:


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#13
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V-E-G-Y-
12/07/17 12:23:14 PM
#14:


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eston
12/07/17 12:23:30 PM
#15:


I do not, because I'm not really knowledgeable about this stuff and don't want to take risks with me money
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V-E-G-Y-
12/07/17 12:24:43 PM
#16:


eston posted...
I do not, because I'm not really knowledgeable about this stuff and don't want to take risks with me money

I have the right guy for you

@clearaflagrantj
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EyeWontBeFooled
12/07/17 12:24:51 PM
#17:


Are you just looking to see what other people say before you jump in?
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V-E-G-Y-
12/07/17 12:25:31 PM
#18:


No, i already bought some a few weeks ago

I'm just wondering why the successful users aren't going in on this
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#19
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Darkman124
12/07/17 1:18:49 PM
#20:


i generally consider chasing returns to be a fool's game
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FLUFFYGERM
12/07/17 1:19:27 PM
#21:


reminder that Darkman has a bigger net worth than @clearaflagrantj and @BignutzisBack combined
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but Marxist theory is extremely consistent, both internally and with reality. -averagejeol
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Darkman124
12/07/17 1:21:49 PM
#22:


i mean, for now

who knows, that bubble might go to a million before it pops and they lose whatever they put into it

for me the issue is simply that it's speculation with no clear leveling-off point
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BignutzisBack
12/07/17 1:25:07 PM
#23:


FLUFFYGERM posted...
reminder that Darkman has a bigger net worth than @clearaflagrantj and @BignutzisBack combined


That's an incredibly stupid thing to say when you don't even know what my career is lol

Reminder that @Krojen has a bigger net worth than @FLUFFYGERM and @Giant_Aspirin combined
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DifferentialEquation
12/07/17 1:30:18 PM
#24:


Darkman124 posted...
i mean, for now

who knows, that bubble might go to a million before it pops and they lose whatever they put into it

for me the issue is simply that it's speculation with no clear leveling-off point


It is easy enough to cash out. And the end of the day, money is money regardless of where it came from.

Based on things you've said before, I know you could easily afford to risk a little bit in cryptocurrency and not miss it if this all goes to shit. But I get the impression that it's almost like a point of pride for you to make your money through more traditional means likes ETFs.
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FLUFFYGERM
12/07/17 1:30:30 PM
#25:


BignutzisBack posted...
FLUFFYGERM posted...
reminder that Darkman has a bigger net worth than @clearaflagrantj and @BignutzisBack combined


That's an incredibly stupid thing to say when you don't even know what my career is lol


true story

what is your net worth?
---
but Marxist theory is extremely consistent, both internally and with reality. -averagejeol
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Anteaterking
12/07/17 1:31:12 PM
#26:


For me, I'm content just not playing day trader with bit coins. I've already accepted a job post-graduation that pays me plenty, and I'm not going to feel bad about letting the potential opportunity slip by. There are enough other things that I'm not doing that would increase my wealth.
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ssj3vegeta2
12/07/17 1:32:52 PM
#27:


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FLUFFYGERM
12/07/17 1:32:58 PM
#28:


BignutzisBack posted...
FLUFFYGERM posted...
reminder that Darkman has a bigger net worth than @clearaflagrantj and @BignutzisBack combined


That's an incredibly stupid thing to say when you don't even know what my career is lol

Reminder that @Krojen has a bigger net worth than @FLUFFYGERM and @Giant_Aspirin combined


@Krojen

what's your net worth if you don't mind my asking?
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but Marxist theory is extremely consistent, both internally and with reality. -averagejeol
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Anteaterking
12/07/17 1:34:51 PM
#29:


ssj3vegeta2 posted...
Like what?


I could have a CD chain set up that would be earning more money than what I make by keeping it sitting in a savings account.
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Krojen
12/07/17 1:37:09 PM
#30:


Yeah Darkman only owns a ton of ETFs. He takes pride in choosing as low of a ceiling as possible and preservation over any shot at growing wealth.
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Giant_Aspirin
12/07/17 1:39:37 PM
#31:


i've never hinted at my net worth on here, i don't think. the closest i've gotten is mentioning the general ballpark of my salary. not sure why i was dragged into this.

*kisses @BignutzisBack deeply*
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clearaflagrantj
12/07/17 1:39:38 PM
#32:


FLUFFYGERM posted...
reminder that Darkman has a bigger net worth than clearaflagrantj and BignutzisBack combined

He's also a rocket scientist in his 30s and both smart and responsible enough to be financially responsible and invest in stocks. Money is not a pissing contest unless it's with yourself.

All I know is that thanks to cryptos I am currently two years ahead of where I originally expected to be with aggressive saving in index funds.
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BignutzisBack
12/07/17 1:40:14 PM
#33:


Giant_Aspirin posted...
i've never hinted at my net worth on here, i don't think. the closest i've gotten is mentioning the general ballpark of my salary. not sure why i was dragged into this.


So you're me then
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AlternativeFAQS
12/07/17 1:40:27 PM
#34:


FLUFFYGERM posted...
BignutzisBack posted...
FLUFFYGERM posted...
reminder that Darkman has a bigger net worth than @clearaflagrantj and @BignutzisBack combined


That's an incredibly stupid thing to say when you don't even know what my career is lol


true story

what is your net worth?


What's yours?
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Darkman124
12/07/17 1:42:09 PM
#35:


Krojen posted...
Yeah Darkman only owns a ton of ETFs. He takes pride in choosing as low of a ceiling as possible and preservation over any shot at growing wealth.


i remain unconvinced that the higher risk profile you promote offers a consistent return that makes that exposure worthwhile

DifferentialEquation posted...
I know you could easily afford to risk a little bit in cryptocurrency and not miss it if this all goes to s***. But I get the impression that it's almost like a point of pride for you to make your money through more traditional means likes ETFs.


i mean, not really any moreso than penny stocks

there's always a penny stock that went through the roof from day to day
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#36
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wolverinev2
12/07/17 1:43:54 PM
#37:


Darkman124 posted...
Krojen posted...
Yeah Darkman only owns a ton of ETFs. He takes pride in choosing as low of a ceiling as possible and preservation over any shot at growing wealth.


i remain unconvinced that the higher risk profile you promote offers a consistent return that makes that exposure worthwhile


High risk is fine, if you're cool with knowing that you could end up going broke or rich extremely quickly. Though it's not a bad idea to put like 5% a side for something high risk and then walk away if it doesn't yield good results.
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Darkman124
12/07/17 1:44:56 PM
#38:


wolverinev2 posted...

High risk is fine, if you're cool with knowing that you could end up going broke or rich extremely quickly. Though it's not a bad idea to put like 5% a side for something high risk and then walk away if it doesn't yield good results.


i agree, which is why i have a small subset of my portfolio dedicated to investment in a stock that i consider undervalued. it is cash until i see something i think has potential. it doesn't overall outperform my index portfolio, though. because i am not a genius.

fwiw, today i shifted that portion (which was cash until recently) to GE, which appears to have bottomed.
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prince_leo
12/07/17 1:45:28 PM
#39:


Krojen posted...
Yeah Darkman only owns a ton of ETFs. He takes pride in choosing as low of a ceiling as possible and preservation over any shot at growing wealth.

which is the smartest choice, especially when coupled with his salary and spending habits (well, from what he's said about them)

I never thought i'd invest in bitcoin. almost a year ago someone made a topic on here about ethereum. I dropped a grand into it because of my tax return was kinda whack when it was around $40. sold it all once it got to $300. from there I managed to keep double my investment and put the rest into a variety of coins, including eth and btc
the money is meaningless to me because I had budgeted without it and now that I already have cash profit, the rest is just imaginary numbers in wallets. won't invest more money into it, but I can play around with what I have
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clearaflagrantj
12/07/17 1:48:09 PM
#40:


-Gavirulax- posted...
clearaflagrantj posted...
All I know is that thanks to cryptos I am currently two years ahead of where I originally expected to be with aggressive saving in index funds.


Congratulations.

When did you start btw?

I'm still kicking myself that I (mostly) ignored M2K's advice in 2013 when it came to Bitcoin....sigh.

Dipped my toes in back in June, went harder in July, went all in DCA'ing down the slide in September. At this point I'm done putting more fiat in outside the occasional hundred for promising low marketcap coins. My plan is simple: wait until these cryptos are worth several million or until they're worth nothing.
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Krojen
12/07/17 1:50:57 PM
#41:


prince_leo posted...
Krojen posted...
Yeah Darkman only owns a ton of ETFs. He takes pride in choosing as low of a ceiling as possible and preservation over any shot at growing wealth.

which is the smartest choice, especially when coupled with his salary and spending habits (well, from what he's said about them)

Right, but we had an argument a while back when I disagreed with the strategy for someone that has all of their working life ahead of them and wants a shot at growing wealth.
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Darkman124
12/07/17 1:51:55 PM
#42:


Krojen posted...
Right, but we had an argument a while back when I disagreed with the strategy for someone that has all of their working life ahead of them and wants a shot at growing wealth.


a 9.5%/year average return curve with similar beta absolutely gives a young person a shot at growing wealth.

how old do you think I am?
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ssj3vegeta2
12/07/17 1:52:35 PM
#43:


Darkman also has a wife and kids he has to consider i suppose, i understand not wanting to risk
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clearaflagrantj
12/07/17 1:54:51 PM
#44:


I'm with Darkman, the typical growth rate coupled with consistent saving pretty much guarantees millions after 25-35 years. You guys are vastly underestimating the lazy/three fund portfolio.
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#45
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AlternativeFAQS
12/07/17 1:57:00 PM
#46:


clearaflagrantj posted...
-Gavirulax- posted...
clearaflagrantj posted...
All I know is that thanks to cryptos I am currently two years ahead of where I originally expected to be with aggressive saving in index funds.


Congratulations.

When did you start btw?

I'm still kicking myself that I (mostly) ignored M2K's advice in 2013 when it came to Bitcoin....sigh.

Dipped my toes in back in June, went harder in July, went all in DCA'ing down the slide in September. At this point I'm done putting more fiat in outside the occasional hundred for promising low marketcap coins. My plan is simple: wait until these cryptos are worth several million or until they're worth nothing.

Pretty much my plan too
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Krojen
12/07/17 1:58:02 PM
#47:


FLUFFYGERM posted...
BignutzisBack posted...
FLUFFYGERM posted...
reminder that Darkman has a bigger net worth than @clearaflagrantj and @BignutzisBack combined


That's an incredibly stupid thing to say when you don't even know what my career is lol

Reminder that @Krojen has a bigger net worth than @FLUFFYGERM and @Giant_Aspirin combined


@Krojen

what's your net worth if you don't mind my asking?

You think I'm supplying plutonium to my biotech out of pocket, so that should give you an idea.

But I can't answer your questions if you won't answer mine. What's a maker fee on GDAX? Meaning the use of limit orders, something anyone can do.
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clearaflagrantj
12/07/17 1:59:31 PM
#48:


-Gavirulax- posted...
*SIGH*

If it's any consolation in 2013 I ignored my friend when he explained BTC to me.

I think at this point a $500K BTC is a foregone conclusion, it's still early enough to see 20-50x gains with a well diversified crypto portfolio within a five year timeframe.
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FLUFFYGERM
12/07/17 2:02:00 PM
#49:


Krojen posted...
FLUFFYGERM posted...
BignutzisBack posted...
FLUFFYGERM posted...
reminder that Darkman has a bigger net worth than @clearaflagrantj and @BignutzisBack combined


That's an incredibly stupid thing to say when you don't even know what my career is lol

Reminder that @Krojen has a bigger net worth than @FLUFFYGERM and @Giant_Aspirin combined


@Krojen

what's your net worth if you don't mind my asking?

You think I'm supplying plutonium to my biotech out of pocket, so that should give you an idea.

But I can't answer your questions if you won't answer mine. What's a maker fee on GDAX? Meaning the use of limit orders, something anyone can do.


https://support.gdax.com/customer/en/portal/articles/2425097-what-are-the-fees-on-gdax-
https://www.gdax.com/fees/BTC-USD
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but Marxist theory is extremely consistent, both internally and with reality. -averagejeol
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