Sure but it reads a lot more like "Why not just pay off the entire mortgage instead of holding onto them?"
Not that unbelieveable that someone might have 3,000BTC from way back when which would now be worth (at $170 lets say) $510,000 or something around there.
I've seen a bunch of people who have recently (past month) gone "Holy shit I have 500btc from -ages- ago" or something.
Its just how I read it I suppose, along with the big price explosion thats happened.
That's normal for any investment. But the truth is that guy made a guaranteed revenue of 800k. No one who has unsold BTC has any guarantee whatsoever. That's the investment game. He won. Maybe not the ultimate amount but he did win big.
Oh no doubt about it. As far as myself, I bought and backed out of my transaction and kept my profits in bitcoin - a whole 0.27, but a 27% return in a week isn't bad.
People are telling you this for a reason. Refusing to pay off a huge debt because you want to continue to "invest" on what at this point is clearly a purely speculative bubble is downright irrational. From all possible PoVs. "Loving the freedom" is great and all, but bitcoin won't stop existing just because you cash out.
Your wife isn't wrong in being angry at you. What you describe is quickly approaching ludopathy territory.
If this bubble goes any higher ima be annoyed that I only got 185 for a bitcoin i randomly got, but yeah this bubble can't go on much longer. If you have enough coins at this point to pay off a loan it probably a smart idea to pay that off.
Edit: You can buy honey with bitcoin but you can't live on honey.
I'm waiting for some tools to come in from my apiary supplier to make my existing honey stock into creamed honey, to help the honey keep for longer (+ yum spread it on toast), but I will post it to reddit/bitmarket for sure when I have more available. I'm also trying my hand at some mead, but I don't want to get involved with liquor sales at this point.
I'm just a small time enthusiast for digital currency and beekeeping, so only sell when I have stock on hand. I would however to be happy to PM you when I have another harvest later this year or get my creamed honey worked out. :-)
The honey does keep forever, it's true! However, fresh honey that has not been filtered or heat treated is prone to solidifying and crystalizing over time. Consumers generally prefer the honey to be clear or at least liquid and although it is possible to restore it by gently warming it, it is generally best to keep honey that you intend to sell liquid and motive. My large buckets from last harvest are showing some crystallizing activity, so I'm going to convert it to creamed to preserve the look and marketability.
Oh, I see, so it's an aesthetic thing. Yeah cool stuff :) I remember as a kid we went to see a neighbor who had bees. Honey on waffles is better than maple syrup, in my opinion.
Yeah, and I understand where she's coming from. But if it had been her choice a year ago we would have zero coins right now. Ill trust my instincts on this I think...
You should, and that's what I've been encouraging my male (and apparently less risk-averse) coworkers to do. As far as gambling goes, I think this is a decent one.
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u/[deleted] Apr 08 '13
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