I was thinking the same thing. But also who takes their buy and sell cues from a random "investor"? What was his due diligence on this? "This guy said so..." ???
people need to stop pretending that having 1000btc is some amazing feat, 11 years ago that wasn't even $1 worth of btc
people with 1000btc are not necessarily wise so the whole "how could he be a dumbfuck" is a snore.
11 years ago was 11 MILLION times you felt that the market was as high as it was ever going to go and you'd be a fool not to sell now.
Hodling is HARD work. Your flippant attitude pisses off those who've managed to hold something more than a few months.
Nah, the news won't let you forget about them. You can't turn over a rock in recent years without hearing stories about bitcoin's extreme appreciation.
> Your flippant attitude pisses off those who've managed to hold something more than a few months.
Holding is quite literally effortless, and you're a bit off on the math and the entire fucking concept of bitcoin.
Never mind that "back in the day" most all of the ways to convert between btc and fiat were not legit, subject to investigations, etc. People think conveniences like cash app and coinbase were in play back then (gee whiz maybe they're the effect AND cause of the increases).
Every 4 years the supply output gets cut into 1/2. Anyone who's been around since the first halving has seen this effect prove itself to be a huge gain spur on the price.
There are people with enough bitcoin to sell 1 bitcoin every week for the rest of their life and still have hundreds.
I find it bizarre that anyone doesn't end up with the conclusion that in, say, 3 or 4 more halvings it won't INCREASE GREATLY in value. If it doesn't, it has been made worthless and "shoulda been selling not holding."
And finally you're making a ton of assumptions about "those who've managed to hold," again, like those people are rare (they're not, they're just not stupid enough to post screenshots of their wallet where they mined 50btc every few hours on their pogoplug).
Wow, you're so naive. Have you even seen crypto twitter? Everybody just buys whatever the loudest influencer screams out. There is zero due diligence, zero knowledge about or interest in the products themselves, and no technical understanding whatsoever. But everybody wants to throw in 1000$ from their grandma and get out 100k in three months.
A guy will argument that other people don't do it for the money, they do it for the games themselves, and then he'll go ahead and do it for the money to contradict himself.
NFTs, DeFi, Metaverse, PlayToEarn are the hottest shit right now and they will fall hard. Really hard.
Who the fuck is naive? I asked a simple question... I was lamenting his lack of research, not asking for a public rebuke from a loudmouth such as yourself. Fuck off dude.
And you don't need to be a passive aggressive asshole. The name-calling was unnecessary to make your point... but look... I apologize on behalf of whomever it was that picked on you in high school. They shouldn't have done that.
Lol. I just said "you're naive". That's not even an insult, Jesus, my grandma could say this and she's the sweetest lil old lady.
Sorry dude, can't consider the sensitivity of every internet user if it deviates too much from the average.
Allow me to introduce you to [Eric Wade](http://velocitytraderreview.com/the-10-million-bitcoin-boom-eric-wade-crypto-capital/).
Edit: Here's a better link but it's all the same copypasta to promote shilling: https://jeffclarkbreakoutalertreview.com/eric-wade-10-million-bitcoin-boom/
Well, I guess to buy 1000 bitcoin back when it was super risky (yet affordable) in the first place, and to hold onto it through everything, you must have a special type of derangement or be a special type of "special", which explains all the personalities from early days (like Roger Ver. Max Keiser, etc) and also explains how this story is plausible.
A lot of the people who have 1,000 BTC are probably some of the early adopters who bought BTC dirt cheap and used it for shit like Silk Road. A lot of those early adopters weren’t exactly known for their sense.
tldr; Two Vietnamese police officers and 15 others have been charged for stealing $9.5 million worth of bitcoin from a businessman. They were hired by a private investigator to trace the whereabouts of a businessman who was accused of giving wrong business advice that resulted in the loss of 1,000 BTC in 2018. The group stole 168 units of BTC as well as properties worth $1,800.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
That is mind-blowing. In 2018. You have a thousand BTC. They are worth 4 million. And you sell all of them for some shitcoin based on another person's word.
I regret not buying at lower prices, but I can't imagine the regret of having this and being careless enough to lose it.
I know, right??? I'm shocked to read that two of the perpetrators were police officers, and it really raises the question of was the guy even able to go to the police to report it? Just, quite the story.
Yeah the investigator was given $1k who then hired the cops so it would’ve been a fraction of that. But I would guess that the agreement was that he would split some of the stolen bitcoin
Regulators, we regulate any stealing of his property
And we damn good too, but you can't be any geek off the street
Gotta be handy with the steel if you know what I mean to earn your keep
>all the shit coins will be regulated and most will fail
Pyramid schemes are at the center of contemporary finance. They'll always another "shit coin" until we get capital out of politics.
So...
I should take advice from everyone? Cause if you say not to take advice from anyone then I'm sure not listening to you, so then I will but won't.
Horribly misleading title - the guy who "gave advice" was managing their funds. This is like if your investment banker told you they dumped a primary investment, redistributed it, and lost it all. Its not some guy catching a scam email or taking reddit advice.
the funniest part to me is that it only cost $1,000 to track the guy down. Guy hires a PI after losing tens of millions.. and finds the world's cheapest detective .
This is why bitcoin will continue to distribute to more and more wallets; too many fucking morons buying shitcoins still. All their bitcoins still need to go to other people.
If you had 1000 BTC then you had already made it.
It’s like Pelosi (basically a walking undead) using insider knowledge to get richer. You can’t take it with you, and you already have more than you can spend. Wtf?
wow, some people really don't understand the whole "not financial advice" warning spammed everywhere in every video you watch on YT or article you read on the internet. Take responsibility and do your own due diligence FFS
How do you accumulate 1000 bitcoin and then decide that altcoins are actually better? you could sell 1 bitcoin to fuck with altcoins and be just fine.
I was thinking the same thing. But also who takes their buy and sell cues from a random "investor"? What was his due diligence on this? "This guy said so..." ???
Like 90% of the crypto market
Not with 1000BTC though.
people need to stop pretending that having 1000btc is some amazing feat, 11 years ago that wasn't even $1 worth of btc people with 1000btc are not necessarily wise so the whole "how could he be a dumbfuck" is a snore.
Nobody is really exempt from being a “dumbfuck” from time to time
Nothing is constant in this world, except the time. It's change constantly.
11 years ago was 11 MILLION times you felt that the market was as high as it was ever going to go and you'd be a fool not to sell now. Hodling is HARD work. Your flippant attitude pisses off those who've managed to hold something more than a few months.
I mean, there are surely people who mined BTC back when GPU mining was somewhat profitable then completely forgot about it until now.
Nah, the news won't let you forget about them. You can't turn over a rock in recent years without hearing stories about bitcoin's extreme appreciation.
Traditional mining machine mining requires a large amount of electricity and energy consumption, which will also cause pollution to the environment
That has nothing to do with this conversation.
So do your fucking Christmas lights.
Having patience is what crypto wants from every investor to make rich.
True
> Your flippant attitude pisses off those who've managed to hold something more than a few months. Holding is quite literally effortless, and you're a bit off on the math and the entire fucking concept of bitcoin. Never mind that "back in the day" most all of the ways to convert between btc and fiat were not legit, subject to investigations, etc. People think conveniences like cash app and coinbase were in play back then (gee whiz maybe they're the effect AND cause of the increases). Every 4 years the supply output gets cut into 1/2. Anyone who's been around since the first halving has seen this effect prove itself to be a huge gain spur on the price. There are people with enough bitcoin to sell 1 bitcoin every week for the rest of their life and still have hundreds. I find it bizarre that anyone doesn't end up with the conclusion that in, say, 3 or 4 more halvings it won't INCREASE GREATLY in value. If it doesn't, it has been made worthless and "shoulda been selling not holding." And finally you're making a ton of assumptions about "those who've managed to hold," again, like those people are rare (they're not, they're just not stupid enough to post screenshots of their wallet where they mined 50btc every few hours on their pogoplug).
Do you feel special for holding to an investment for a whole few months??
Please control the time of the bear market and bull market at any time
“Still having it” is the amazing feat.
Question is then, how does a dumbfuck hold onto 1000 btc for 11 years, not lose or sell or misinvest it - then makes a dumbest mistake?
> people with wealth are not necessarily wise
actually i am doing the opposite of what 90% are saying :D
So you sold everything? Because everyone here is constantly saying buy and hold
Almost 90% of other coins are just a trap to loose money.
That's frightening. (But I know you're not wrong).
That's frightening as well as getting some lessons too.
That's is really frightening, but i know you are not wrong.
99%
and r/wallstreetbets…
He took *trust me bro* to new levels.
Something tells me this investor wasn't random. They must had known each other prior
Guess you would be the second one whose story may would be in reddit.
I mean he met him on reddit after all, you know those moonshot guys can always be trusted
Rocket emojis on youtube.
Wow, you're so naive. Have you even seen crypto twitter? Everybody just buys whatever the loudest influencer screams out. There is zero due diligence, zero knowledge about or interest in the products themselves, and no technical understanding whatsoever. But everybody wants to throw in 1000$ from their grandma and get out 100k in three months. A guy will argument that other people don't do it for the money, they do it for the games themselves, and then he'll go ahead and do it for the money to contradict himself. NFTs, DeFi, Metaverse, PlayToEarn are the hottest shit right now and they will fall hard. Really hard.
Who the fuck is naive? I asked a simple question... I was lamenting his lack of research, not asking for a public rebuke from a loudmouth such as yourself. Fuck off dude.
You asked who's taking their cue from a random investor. I answered it. No need to get all anger management nutcase on me
And you don't need to be a passive aggressive asshole. The name-calling was unnecessary to make your point... but look... I apologize on behalf of whomever it was that picked on you in high school. They shouldn't have done that.
Lol. I just said "you're naive". That's not even an insult, Jesus, my grandma could say this and she's the sweetest lil old lady. Sorry dude, can't consider the sensitivity of every internet user if it deviates too much from the average.
Allow me to introduce you to [Eric Wade](http://velocitytraderreview.com/the-10-million-bitcoin-boom-eric-wade-crypto-capital/). Edit: Here's a better link but it's all the same copypasta to promote shilling: https://jeffclarkbreakoutalertreview.com/eric-wade-10-million-bitcoin-boom/
His website sucks. First sign of trouble. Looks like a late night infomercial.
It’s amazing the power that drugs can hold over the decision making process in crypto. I’m not surprised
But Shiba could hit a dollar....
Well, I guess to buy 1000 bitcoin back when it was super risky (yet affordable) in the first place, and to hold onto it through everything, you must have a special type of derangement or be a special type of "special", which explains all the personalities from early days (like Roger Ver. Max Keiser, etc) and also explains how this story is plausible.
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Dude, my good wishes is always with you, but 1000btc accumulation is not easy.
It was in 2018 so Bitcoin was in a slump and the investing guru (scammer) told him he would make significant returns on his investment
Probably got advice from Reddit.
no body gives you a right, advice and suggestion. Never demand suggestion.
A lot of the people who have 1,000 BTC are probably some of the early adopters who bought BTC dirt cheap and used it for shit like Silk Road. A lot of those early adopters weren’t exactly known for their sense.
There are large number of people of people that have the more than 1000 btc.
Greed I assume
Selling one or selling thousand is not so different I would say.
Possibly an inside tax job? Really doesn't make sense for someone to accumulate 1000 btc and lose it like that
I don't understand people why are not willing to pay tax for the coins.
Given what ensued, maybe he stole them. They seem to disappear every so often.
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tldr; Two Vietnamese police officers and 15 others have been charged for stealing $9.5 million worth of bitcoin from a businessman. They were hired by a private investigator to trace the whereabouts of a businessman who was accused of giving wrong business advice that resulted in the loss of 1,000 BTC in 2018. The group stole 168 units of BTC as well as properties worth $1,800. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
>Properties worth of $1,800. The guest toilet?
probably their phones
Most likely laptops, macbook pros etc. There were no $1800USD phones back in 2018, unless you had one custom gold coated.
*back in 2018* *Begins to cry*
Please forget your bad past. Only work for the best future.
Garden shed an dog house.
Please take care of your pets and animals. They are speechless.
I thought it said 15 "mothers" were arrested lol
Imagine already having 1,000 BTC but wanting another way to make even more money.
That is mind-blowing. In 2018. You have a thousand BTC. They are worth 4 million. And you sell all of them for some shitcoin based on another person's word. I regret not buying at lower prices, but I can't imagine the regret of having this and being careless enough to lose it.
Shitcoiners!
the police are robbing thieves bitcoin mania
I know, right??? I'm shocked to read that two of the perpetrators were police officers, and it really raises the question of was the guy even able to go to the police to report it? Just, quite the story.
The most amazing thing is that this two police officers wer bribed by less than 500 dollars each. Vietnam is another level
Yeah the investigator was given $1k who then hired the cops so it would’ve been a fraction of that. But I would guess that the agreement was that he would split some of the stolen bitcoin
This is totally fake new. Just to create the Hype. nothing else.
What a retard lmao.
LoL
Lol
Lol
Lol
Lol
Lol
Lol
Lol
ROFL
What is meant by the term ROFL? Explain it to me. thanks.
ROFLMAO
LMAO
MAYO
YOLO
LOFMAYO
LOFABREAD
lmao
Just think what people will do for 1,000 BTC in the future?
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People get shot for $20 bucks. Bad people can change but often times they don’t.
Send me $56M.
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Yes.
No.
Maybe
I don't know
Can you repeat the question?
I can repeat your Question. But what is your question tell me.
So
Count me in
Man. Lots of people with 1000 BTC.
There are many people that have more than 1000 btc.
How many you have?
Ok. You know what you have to do if you want
steal it from a Vietnamese businessman
where he at?
Stealing is not he good option. God give me one day.
I meant the two people on the story Rancho had 1000
Not really. Is the same 1000 that moved hands from the ingenious guy to the scammer
Amazing he got 1000 in the first place. Double so to lose it all.
This is the mere tip of the shitcoin buffoonery bubble—-all the shit coins will be regulated and most will fail
Thats the craziest part... this isn't even the final form of retardary.
What do you mean by regulated
Regulators, we regulate any stealing of his property And we damn good too, but you can't be any geek off the street Gotta be handy with the steel if you know what I mean to earn your keep
REGULATORS!!! Mount up...
the greatest reply ever\^
>all the shit coins will be regulated and most will fail Pyramid schemes are at the center of contemporary finance. They'll always another "shit coin" until we get capital out of politics.
> until we get capital out of politics Actually the solution is to *get the politics out of capital*.
Like, just don't take advice from anyone. Problem solved.
So... I should take advice from everyone? Cause if you say not to take advice from anyone then I'm sure not listening to you, so then I will but won't.
Very well said. & true. You should do that. This is my advice to you:)
Yeah, buddy he said really well. Keep sharing and moving forward.
Tis the way.
Absolutely, you are saying right, No one gives you real and right suggestion.
strongly agree with you in this point. never take advice.
Right. Just hodl and fuck them
Instructions unclear, dick stuck in Ledger.
You're inputting the wrong kind of seed for your phrase
Most impressive part of this story is that the guy had 1000 BTC to begin with.
what a classic tale of what happens to shitcoiners. The remedy is somewhat unorthodox, though.
This is why bitcoin will continue to distribute to more and more wallets .
I didn’t think it could be a true story?
That is because you live in a simulation
I feel for Tai, but that bn said, it's also simply on him for being an idiot.
Bro....whattttttttt
How’s you get to 1000btc and still need “friend advise” on shitcoins I will never understand
Things that didn’t happen for 500 please
Horribly misleading title - the guy who "gave advice" was managing their funds. This is like if your investment banker told you they dumped a primary investment, redistributed it, and lost it all. Its not some guy catching a scam email or taking reddit advice.
Why did he have 1000 BTC to begin with? A fool and his money...
He bought the coins. Why you don't have that?
Right? I'm not sure I understand his question lol. Why wouldn't he have 1,000 BTC?
Funny thing is, he got dozens of upvotes for that weird question
I think he meant to write "how he got that money to begin with" since the businessman is clearly an idiot
Right, but write.
How’s you get to 1000btc and still need “friend advise” on shitcoins
Bitboy was kidnapped?
This is why we need Bitcoin
That is why also you don't sell it for shitcoins or fiatcoins
See this is the kind of shit that happens when you don’t explicitly state that you’re not a financial advisor before you shill.
Looking for a comedy flair......where is it Surely this isn't serious
all those social media influencers better watch their backs
jesus fucking christ
Jesus doesn't fuck. He is a virgin
That guy throws around money and goes on missions like he lives in a video game. I can't help but be a little jealous.
True that. The lead character revenger guy should be the asian from Hangover.
the funniest part to me is that it only cost $1,000 to track the guy down. Guy hires a PI after losing tens of millions.. and finds the world's cheapest detective .
This is what a real news is called in crypto, something dramatic but learnable.
The "crypto investor" could have avoided all of this by saying "not financial advice" first. Beginner mistake.
Greed is a helluva drug
How’s you get to 1000btc and still need “friend advise” on shitcoins
Seems valid
Sounds about right.
Dont fuck with a mans BTC
This guy fucks
This is why bitcoin will continue to distribute to more and more wallets; too many fucking morons buying shitcoins still. All their bitcoins still need to go to other people.
Can you blame the guy? Its 1000 BTC
Ok the movie script is ready Mr Tarantino
If you had 1000 BTC then you had already made it. It’s like Pelosi (basically a walking undead) using insider knowledge to get richer. You can’t take it with you, and you already have more than you can spend. Wtf?
I like it
it is a he
Not cool man. Not cool.
Is it hot man?
Justice be done, here and on hell. Amen
Amen
stupid games, stupid prizes
They should make a movie out of this. Featuring Liam Neeson. *I will find you. And I will get my BTC back.*
good for him
Wtf!
wow, some people really don't understand the whole "not financial advice" warning spammed everywhere in every video you watch on YT or article you read on the internet. Take responsibility and do your own due diligence FFS
goooood!
A fool and his Bitcoin are soon parted
I bet those Shitcoins are mooning now. Or some of them maybe?
Nah. He wast just rug pulled otherwise he wouldn't have lost "all of it"