Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Recommended Posts

I think you are looking at this is the wrong aspect. It is one thing for someone to invest in $3K in the stock market and be able to watch something rise and fall. People who have invested in this have seen nothing rise or fall for how many years, with constant misguided information about it. It has gone from an investment to more of a circus and do not blame people for not wanting to be a part of it anymore. If they can take that money and at least invest it in something that is going somewhere, they have a better outcome. The only outcome seen on this so far is a bunch of lies week after week.

Can we then assume you are going to sell also?

I don't believe the guru's or the Iraqi press. I believe it will revalue because it has too. They are sitting on a pot of gold that has no face value right now. One day it will. Till that day I put my dinar in my safe and wait. Simple.

To get all strung out with every breath of the so called guru's on here is just nuts. It will rv when it's time to rv.

Link to post
Share on other sites
  • Replies 51
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

As many here know, I have become an increasingly skeptical investor in the dinar. I bought based on a bunch of hype with very little information. As I learned more, and as every single prediction of

Do you want comforting or something? We aren't your family, we don't care about your decision about the investments.

I'll never understand posts like this. You guys just don't understand investments. You whine and complain about a $3k investment like it's the end of the world. Get a friggin life man. You better ha

the title needs to be changed im just saying... who cares if you sold another million no one cares this is not for everybody and liek you said youll be shooting yourself in your own foot when it DOES RV. I hope you are wealthy because you might be crying yourself to sleep when its all said and done.

  • Upvote 1
  • Downvote 1
Link to post
Share on other sites

As many here know, I have become an increasingly skeptical investor in the dinar. I bought based on a bunch of hype with very little information. As I learned more, and as every single prediction of an "imminent" or "any day now" RV turned out to be wrong I felt duped. I invested based on emotion and that is a bad thing. As I've learned more about this "investment", there are just way too many things that make absolutely no sense. The ridculous track record of all the date and rate speculators has only reinforced my skepticism.

This is my second sale. I sold another million dinar earlier this year. This time, I received $21 per 25K dinar note. I took about a 27% loss on the notes. That's pretty poor performance for an 8 month investment. I could have simply stuck them in a drawer and forgot about them in the unlikely event the RV occurred. But, as an investment, I made the decision that there is simply no further potential for return. Therefore, it makes sense to sell and try to take advantage of other opportunities. $840 US dollars is more valuable to me than 1 million dinar. At some point, I figure many people will come to the same conclusion that I have and the buy back rate will fall further as banks become deluged with dinar. I don't ever see the buy back rate being any higher than it is today.

I still have 1 million of my original 3 million dinar. I will probably sell them very soon but I haven't made a final decision. Maybe Okie or Blaino or the folks at PTR will offer to pay me twice as much as I paid for them. After all, if the dinar is going to revalue (even at $.10), as they have been so certain of for 8 months (probably longer, but that's the extent of my experience with them), what difference does it make if you pay $2,300 per million rather than $1,150? We're quibbling over chump change at that point aren't we? (Somehow, I don't think that offer will come my way.) I may just hand them out as gag gifts to family and friends. Regardless what I do with them, I will always keep one 25K note permanently posted on the bulletin board in my home office as a reminder of what happens when you ignore common sense, logic and history and invest based on emotion.

Good luck to everyone. Believe it or not, I still would be very excited if the dinar did RV. I know many people here desperately want it to RV. And since I will always have at least one 25K note, I suppose I would benefit still benefit financially if it did RV. I've always HOPED it would RV. But, I realize now it was nothing but hope. There is no basis to support it. I now believe Jack DeAngelis when he says the window for the RV closed long ago and it won't happen. He's one guy that has actually been right about the dinar. I think it's time for me to start listening to him.

I can't tell if you are trying a unique way to be negative and scare others or if you are just stupid or if you are just bent on making bad decisions...which of the three doesn't matter....this makes you look really silly. As I read your post, the Picture of EOR from Winnie the Pooh comes to mind....

take your 800 bucks and find a hype to grab a quick return from ...oh, but hurry, it'll be closing down soon.......

  • Upvote 1
Link to post
Share on other sites

Can we then assume you are going to sell also?

I don't believe the guru's or the Iraqi press. I believe it will revalue because it has too. They are sitting on a pot of gold that has no face value right now. One day it will. Till that day I put my dinar in my safe and wait. Simple.

To get all strung out with every breath of the so called guru's on here is just nuts. It will rv when it's time to rv.

Not calling you out with this. But you include a statement that many also seem to agree with and I think it is the riskiest of presumptions related to this investment.

First, I am keeping my Dinar and hoping for the best so not harassing anyone for sticking with it.

BUT, the Dinar does not have to revalue. Ever. It should, it may, etc. but Iraq could just as easily fall into civil war, become involved in further agression with its neighbors, or simply act in a political and ecomonic way that defies good judgement. They are absolutely capable of doing the wrong things. Stay with it for whatever reason you like, but everyone should understand that it doesn't HAVE to revalue. We just want it too.

peace and good luck to all

Link to post
Share on other sites

I love the people that jump on the "he has a right to sell if he wants to because he deems it worthwhile or right to do so." Yeah, great, his opinion is that it's right to sell because he's convinced it won't revalue. Again, one person's opinion against hundreds of thousands of others that KNOW it will revalue. Research? Show your proof that you are convinced it won't revalue, the research you did in depth to prove to yourself that selling a potential return on investment that would make you rich beyond belief in ratio to what you put into it was a good idea. Sure, sell it and use the $850 to pay bills. You may have lost 27% of your initial investment due to fluctuating prices and dealer takes, but if you could buy back in knowing 100% when it would revalue, then I'd agree with you that it's pointless to hold onto something when you could do something with the liquid assets right now. But you don't know that, that's part of the risk, and to buy it in the first place to become discouraged and sell it later is foolish. I'll say it again, foolish and pathetic. Sorry, but so many agree with me. Call me rude and insensitive... this is money, and investing at its finest. People on Wall Street and other stock exchanges are ruthless too, and talk to the people that make thousands of dollars a day doing day-trading and other risky investments. They will also tell you you're pathetic and foolish. It's ~ $900... who cares!!! It's not that much. For what you can expect to make. And don't give me that "if you think you're going to make millions on thousand invested" crap... that's the reason so many of us joined this rat race, because we foolishly believed that in the beginning, right? Duh... So, there you have it. Bash me to bits, but I'm keeping my illiquid dinar and hoping to make 1000 to 3000 times my initial investment, and if I don't... well F*** me Freddie, I guess I lost my money, oh well. /HumongousShrug Guess I won't get it back. At least I tried to make millions on thousands and it was exciting while it lasted. You should be so lucky if it happens and you still have 1 million dinar left because you were reluctant to sell the last of it (probably because deep down you can't part with it with that thought of making that much on it, even with 1% or less chance...). You should be so lucky, and grateful... stop pissing and moaning. If it revalues and you had a million dinar still, you'd kick yourself for selling what you did sell... I wish I could afford to buy more, thousands of dollars worth more! Because if it does revalue at what people hope, I'd be that much more well off, and the risk is definitely worth it. The juice is definitely worth the squeeze. Whatever, I'm done... Just sayin'...

Link to post
Share on other sites

Quote

I'll never understand posts like this. You guys just don't understand investments. You whine and complain about a $3k investment like it's the end of the world. Get a friggin life man.

End Quote

But you can understand that everybody is different, right? And that they can react differently from you. As simple as that. He's gotta do what he deems is right for him and for his well-being... Just like any of us will.

For one I will respect his decision as it concerns him and him only.

Edited by umbertino
  • Downvote 1
Link to post
Share on other sites

Do you want comforting or something? We aren't your family, we don't care about your decision about the investments.

Why use "we"' ? Use "I" ..As you only represent yourself like each and everybody here does.. Are you the Pope or something?

  • Upvote 1
  • Downvote 1
Link to post
Share on other sites

So what if everyone is different Umbertino?

Think of this... if you have an extremely dangerous disease that requires immediate medical attention, but you are very opposed to going to the doctor (people who are opposed to any miraculous return on investment in this) and someone tells you you're foolish and pathetic for not seeking medical attention and advisor or for not listening to those who KNOW better (the people who believe an extremely great return is imminent on the investment, that will make millions on the thousands invested) then you would be yelled at and screamed at by people who know you're making an horrible mistake! It's just like that, and yes, that comparison works, don't tell me it doesn't. This is money, lifeblood, what allows you to be a part of civilized society and participate in human goings-on. MONEY. You need it, you have to have it, and you desire more to help you live more comfortably, otherwise... why did you buy into this? So, with that said, why wouldn't you just keep the dinar, knowing the risk of losing it that you think, but listen to the advice of others, seek that immediate medical help, so to say, and keep the dinar on the word of others that KNOW it will happen and make you better, make you rich, cure you of the disease you have. See how this is working out? It's foolish to do otherwise... and I'll say it until the RV happens and people weep for their foolishness that they lost the millions of potential dollars that could make their lives better. I'm glad someone told me about this and I wasted my money on this investment that will NEVER happen... lol, yeah right. Even if it really does not ever happen, it doesn't matter. Money thins out over time. It's been more than 8 months for me too, so that money I spent back then (less than $1000, BTW) has thinned out to nothing, so in reality, I'm losing nothing and gaining so much more...

Link to post
Share on other sites

Perhaps not everyone is in the same position that you are. If people wish to sell their currency back and get out they have all the right to do so. I do not think that makes anyone pathetic...no more pathetic than the people who continue to hold onto it. Everyone has their reasons for staying and going. Maybe you could have a little decency for peoples choices and not apply labels to people unless you are in their situation.

Agreed. Point being... The Logics applicable to one Individual may not be the same Logics applicable to another Individual on the same subject with all the consequent reasonings etc. It's that simple. One will always do what one deems best for oneself in terms of well-being etc.

I'm only 3 months into dinar and even I find this a sensless post.

How about 7-8 years or whatever your resistance break point is?

Edited by umbertino
Link to post
Share on other sites

Agreed. Point being... The Logics applicable to one Individual may not be the same Logics applicable to another Individual on the same subject with all the consequent reasonings etc. It's that simple. One will always do what one deems best for oneself in terms of well-being etc.

And sometimes what's best for someone isn't always their own opinion or choice... there are things that are right and wrong, and things that are good and bad. Letting someone choose to sell off a potential life-saving return on investment is irresponsible and unfair. It's like if you know that if someone gets rid of a painting done by a local artist because they can make $800 on it right now selling it to a collector, but you KNOW it will be worth $2,000,000 in like a week to a few years at the most... you'd be a horrible person for not doing all in your power to convince that person not to sell it now because that person is convinced they can do something better with the $800 right that second. Hey, if he can use that $800 and turn it into $2,000,000 in the same amount of time before the RV happens, I'll drop to my knees and ask for his forgiveness for insulting him and calling his foolish and pathetic. But, just like he's convinced the RV won't happen... I'm convinced he won't be able to make that RoI on his $800 the same as the dinar revaluation would do. Just sayin'...

Link to post
Share on other sites

Quote

So what if everyone is different Umbertino?

End Quote

TQ..With all the due respect ( I mean it)... We can debate until next year here but if one doesn't feel right anymore about this and wants to get rid of it ... What's the problem? It's his decision no matter how strange , weird, incomprehensible you and others may deem it..... He's not you and he won't react or reason like you. Simple......If keeping the Dinars is something which makes him feel uneasy at this point he'll try to get rid of that uneasiness feeling. Right or wrong it's his feeling, his Dinars, his decision, his Life.... Really......

Edited by umbertino
  • Upvote 1
Link to post
Share on other sites

Quote

So what if everyone is different Umbertino?

End Quote

TQ..With all the due respect ( I mean it)... We can debate until next year here but if one doesn't feel right anymore about this and wants to get rid of it ... What's the problem? It's his decision no matter how strange , weird, incomprehensible you and others may deem it..... He's not you and he won't react or reason like you. Simple......If keeping the Dinars is something which makes him feel uneasy at this point he'll try to get rid of that uneasiness feeling. Right or wrong it's his feeling, his Dinars, his decision, his Life.... Really......

Okay. Whatever. Fine.

Then that's just plain horrible... I mean really... if you saw that guy on the street, and you were sitting in the driver's seat of your new sports car, and he was holding a side-of-the-road begging sign that had "I sold my dinar, will work for food" you wouldn't feel the slightest tinge of guilt for not doing your best to show him his error in thinking the investment was a fake and not going to happen and he was better off with his $800 right then? Yeah...

Edited by TQueezy
Link to post
Share on other sites

Okay. Whatever. Fine.

Then that's just plain horrible... I mean really... if you saw that guy on the street, and you were sitting in the driver's seat of your new sports car, and he was holding a side-of-the-road begging sign that had "I sold my dinar, will work for food" you wouldn't feel the slightest tinge of guilt for not doing your best to show him his error in thinking the investment was a fake and not going to happen and he was better off with his $800 right then? Yeah...

Ok.....No I wouldn't feel guilty as it was his decision which he took cos at this point in time he deemed as the best for his well-being. And we are not the ones walking in his shoes... He is......So we can't really judge to begin with how it feels for him right now.

In case you ( and others) wonder.. I will not do that myself.. I have held my dinar for more than 7 years and for me in my particular personal situation it wouldn't make a difference in immediate money-earning to sell it unless I were in super dire straits which is not the case ( yet) thanks to the Universe. So I'll stick to it still.....

But again I am not NW and he's not me or you.

  • Upvote 2
Link to post
Share on other sites

Are we all so bored or frustrated here that every time a member starts to sell out we create a new topic to discuss it? Reminds me of the post a week or so ago where the member who had been here for a month felt the need to bid all of Dinarvets good-bye and take a couple of shots at some members here before departing. All I really want are some facts and/or good intel.... or at least a good steak and beer, if not that why bother----at least make it worth the time....And in case anyone wanted to know and was concerned---I am going to the store now......lmao

Edited by dexter
  • Upvote 1
Link to post
Share on other sites

I'll never understand posts like this. You guys just don't understand investments. You whine and complain about a $3k investment like it's the end of the world. Get a friggin life man.

You better have a hundred times that amount invested by retirement age or you'll be working until your dead and on welfare. $3k in the big picture is just pocket change, one months pay!

Millions of people drop $3k everyday on TV's and home theater systems. It isn't really a large amount of money unless you are unemployed, and if you are unemployed you shouldn't be investing in exotic currency.

Read drox's post from another topic. It can't get any clearer than this. Please do sell your dinar and move on. I could have sold a million dinar on ebay for $35-$40 per 25k note and made a tidy profit.http://dinarvets.com...post__p__559011

TFK, being very familiar with eBay dinar sales, I completely agree. If you sell small quantities like 25,000 dinars (one 25K note) or 50,000 dinars (two 25K notes) people like jumping on that versus the larger amounts which the average ebayer shies more away from. Buyers jump even more on the smaller notes, but this poster is talking a million at a shot so I assume 25K notes. To sell his million at less than 900 bucks is a bit sad IMO.

C

Link to post
Share on other sites

I can see how networth may feel at this point. He has gone 8 months with basically a bunch of rumors to show for his time. Personally, I am not selling because I invest the same way I gamble in a casino. I use money that I can afford to never see again. I have standard investments for retirement, so I don't depend on the dinar happening. Mine are going to wait it out even if my grandchildren that aren't even born yet are the one's cashing it in. To those that are bashing him for getting out, find something else to do. He wants out and thinks his money will do him some good elsewhere. That doesn't hurt my feelings because his participation will not trigger an RV. For all I care, everyone could bail on this and it wouldn't make a difference. We are dependent on the decision making of a newly formed third world government. Those that think this will happen tomorrow are probably wrong. This is why I joined this forum in the first place, Adam seems to be preaching the same song. Don't listen to the rumor mill, just be patient. In the mean time, I'm going to live my life happily and look for better opportunities.

  • Upvote 1
Link to post
Share on other sites

If I thought there was any possibility of a revaluation I probably would not sell. However, I sincerely believe it is NEVER going to happen. In which case, it is foolish to hold 1,000,000 dinar which have absolutely no value to me. I can't buy a single thing with them. I agree that people waste their money on all sorts of things. But it's an irrelevant point related to this investment. "Waste" is in the eye of the beholder. I did not invest in the dinar intending to waste my money. I viewed it like any other investment. I don't buy a stock and expect that I will hold it forever and NEVER sell. If I am convinced that I have maximized the gain (or minimized the loss) on a stock, I sell it. After all, there are opportunity costs that get missed every day you remain illiquid in a stock or foreign currency. In this case, since I don't believe there is any potential in the dinar, it's silly to keep holding. A 1% chance of revaluation (which I think is too high) is still not a reason for me to hold. Obviously, if you refuse to sell your dinar (or stock) under any circumstance or any condition, you are willing to take a 100% loss on your investment. In the case of the dinar, I think you are guaranteeing a loss of 100%. I can't think of a bigger waste than paying money for something and getting absolutely nothing but an embarrassing story to show for it.

I will continue to monitor this and other dinar information boards. If I see real news or information that leads me to believe the dinar might actually re-value (and not a bunch of ridiculous hype), I can always buy dinar again quickly. In the meantime, I will have use of $840 (and my earlier $850 dollars from my first sale). My purchase of dinar 8 months ago was done under the guise of the revaluation being "critical", "urgent" and "imminent". It was all wrong so I'm very comfortable that I have time to re-invest if I need to (although I really don't expect that to happen). I am simply no longer convinced that any revaluation of this currency is "imminent".

I was wrong to purchase dinar last October. I may be wrong to sell them now. But my general experience has been that when I invest based on emotion, I am not very successful and when I invest based on research and logic, I am much more successful. There is no question that I purchased dinar based on emotion and I am selling based on research. I certainly could be wrong but I don't think so.

As I've said, for the sake of many people here, I would still be very happy if it revalued, even if I didn't benefit from it. It wouldn't be the first investment that I failed to properly analyze and I'm sure it won't be the last. But, in this case, I'm quite confident I've made the right decision.

Networth, I really don't understand the 100% loss comment when you have just sold your dinar and gotten nearly all of your investment back - explain?

Link to post
Share on other sites

Networth, I really don't understand the 100% loss comment when you have just sold your dinar and gotten nearly all of your investment back - explain?

If you hold your dinar forever and refuse to sell it back under any circumstance, you are taking a 100% loss on your investment.

You conduct all your commerce in US dollars. When you buy groceries or gas or other investments, you use US dollars. Your gas station or grocery store won't accept dinar as payment. Dinars only have value to you right now because you believe they have the potential to produce more US dollars for you later. They have no other purpose. When you and I bought into this what we really wanted were more US dollars. So we agreed to trade some US dollars in our possession now for the potential to get even more US dollars later. I have recently drawn the conclusion that the dinar is NOT going to revalue. Therefore, there is no value in continuing to hold dinar. But if I continue to hold my dinar, then I have accepted a 100% loss for no reason. Since my dinar still had some US dollar value to other people, I agreed to sell them and limit my loss to 27%. I now have $840 that I can conduct commerce with. Perhaps I could have received slightly more US dollars for the dinar elsewhere but it wasn't enough to compel me not to sell right now. I have never bought an investment with the idea that I would never, under any circumstance, sell it. That is silly. If I buy stock in a company and realize that they are losing money, losing customers, and don't have many prospects for future growth, I sell it! Holding the stock certificates indifinitely does me no good.

Some people have admitted they are willing to lose everything they invested in dinar. That's their prerogative. That was not mine. Once I realized I will not receive more US dollars later as a result of this investment, it seemed prudent to try to get whatever US dollar value remained in it. So that's what I did.

Hope this helps.

  • Upvote 1
Link to post
Share on other sites

Some of us don't think this investment has played out yet. I think you are giving up too early, but again that is your choice. You mentioned you are still holding onto some, which to me indicates you think it might still happen....

I have lost a lot more money on my house and I haven't walked away from that yet.

Good luck and god bless.

:unsure:

Link to post
Share on other sites

this investment, for me, is a once in a lifetime chance of being able to retire with some money. if not, i have not lost much and will keep pushing on. if so, i will be very happy. im holding on. its unfortunate that you feel you must sell your dinar. hope things get better for you. go rv. B)

Link to post
Share on other sites
Guest
This topic is now closed to further replies.
  • Recently Browsing   0 members

    No registered users viewing this page.




  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.