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Old 12-23-2013, 12:11 AM   #226 (permalink)
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To be fair, $37k is just a little above min wage in London.

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Old 12-23-2013, 12:25 AM   #227 (permalink)
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Could those of you purchasing really expensive watches please explain why. I just don't understand it.
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Old 12-23-2013, 10:56 AM   #228 (permalink)
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I don't give a shit about watches personally, but it's obviously like purchasing anything else that is expensive: Quality + status. Your question is similar to asking, "Why would anyone buy a lamborghini?"
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Old 12-23-2013, 03:19 PM   #229 (permalink)
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Something I also don't understand.
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Old 12-24-2013, 04:41 AM   #230 (permalink)
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Quote:
Originally Posted by f3lix View Post
Could those of you purchasing really expensive watches please explain why. I just don't understand it.
I can explain this from multiple points of perspective. I'll start with the one you are most likely to understand. At the high end, watches are similar to art as an investment. There will only ever be so many of these pieces and there will always be buyers. Generally this watch should actually appreciate in value by at least the rate of inflation if not more. The reason people buy art as an investment, the real reason, is that you get to enjoy it every day that you are invested in it. Show me any other asset in the world that you get to enjoy as it appreciates. Watches are NOT like cars.

The reason I bought this watch is a bit more personal. I love gadgets. This watch correctly keeps the time, day of the week, day of the month, phase of the moon, month, and year. Many watches assume all months to have 31 days and require an adjustment for the shorter months. Not this one. Every time you add a complication to a watch the difficulty of producing that watch increases. So not only does this watch know how many days are in each month, IT KNOWS IF IT'S A GOD DAMN LEAP YEAR OR NOT. that's right. This watch has a mechanism in the date that changes once every four years and only for an instant for moving the date. Additionally the number spot for decade only moves every 10 years (centuries sadly are done manually that would be insane. )

Ok so there's this watch that clearly brings me a lot of joy and looks amazing on my wrist. It ticks all the nerd boxes silently and is incredibly attractive to women. It will hold it's value. If you just made million number 2 from something as silly as bitcoin don't you think you could splurge a little?


The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.
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Old 12-24-2013, 11:28 AM   #231 (permalink)
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You are my fuckin hero.
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Old 12-24-2013, 11:33 AM   #232 (permalink)
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Quote:
Watches are NOT like cars.
Not entirely true imo.

In terms of value, the very tip top crust of cars are very much as you described. Not new/luxury cars, but vintage/rare cars (which I assume this watch is like, though I don't know because I know nothing about watches). I suppose you could say that of anything that is rare and widely desired, though.

In terms of "personal" reasons, I think they're identical (full scale, not just talking about the top crust). Your watch tells you if it's a leap year. A GT-R goes 0-60 in around 3 seconds. Neither is necessary at all, but both are cool and to varying levels depending on the person you ask.

Sure, a $50 watch would tell you the time and a $3k used Hyundai would get a person from Point A to Point B, but fuck that. That's not as cool as knowing if it's a leap year.
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Old 12-24-2013, 12:07 PM   #233 (permalink)
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FC, did you get the watch insured? How does that process work?

Do you expect people to occasionally recognize what the piece is and bring up conversation with you about it?

Is the plan to wear it all the time? Special occasions only?

Will little Chad be receiving the watch one day?
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Old 12-24-2013, 12:54 PM   #234 (permalink)
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Don't have it insured.
I doubt many people know what it is.
I will wear it every day.
Sure... why not.


The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.
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Old 12-24-2013, 06:06 PM   #235 (permalink)
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Quote:
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Don't have it insured.
Was insurance offered? I'm sure it had to be. What's your logic on turning it down? $37,000 on your person at all times is bit of a gamble.
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Old 12-24-2013, 08:25 PM   #236 (permalink)
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Brazen.
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Old 12-25-2013, 12:58 AM   #237 (permalink)
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Quote:
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Was insurance offered? I'm sure it had to be. What's your logic on turning it down? $37,000 on your person at all times is bit of a gamble.
I'll look into it but honestly seems like something I'd more want to sell than to buy. My general rule of thumb has been that you shouldn't insure something unless the loss or that thing would be life changing. Think about the fact that the people who sell you insurance are doing that for a living... it's definitely a negative expected value bet.


The basis of our governments being the opinion of the people, the very first object should be to keep that right; and were it left to me to decide whether we should have a government without newspapers, or newspapers without a government, I should not hesitate a moment to prefer the latter. But I should mean that every man should receive those papers and be capable of reading them.
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Old 01-06-2014, 09:22 AM   #239 (permalink)
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There's so much money to be made in Bitcoin. I'm really liking how steady it has risen for three straight weeks.
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Old 01-16-2014, 11:40 AM   #240 (permalink)
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Overstock.com just announced that they will accept bitcoins as payment!!

I need to get on this train!!!!!!!
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Old 01-16-2014, 11:40 AM   #241 (permalink)
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Overstock.com just announced that they will accept bitcoins as payment!!

I need to get on this train!!!!!!!
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Old 01-16-2014, 11:50 AM   #242 (permalink)
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Overstock.com just announced that they will accept bitcoins as payment!!

I need to get on this train!!!!!!!
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Old 01-16-2014, 09:39 PM   #243 (permalink)
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You can say that again!

Putting the sensual in non-consensual.
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Old 01-17-2014, 01:45 AM   #244 (permalink)
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Overstock.com just announced that they will accept bitcoins as payment!!

I need to get on this train!!!!!!!
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Old 01-17-2014, 08:42 AM   #245 (permalink)
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I love Overstock!

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You often seem to think that the lowest-hanging-fruit makes you some sort of comedy genius. You're just not a good person. You're spiteful, constantly negative, and bring others down to make yourself feel better. I just don't have room for that.
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Old 01-17-2014, 07:50 PM   #246 (permalink)
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What did Overstock.com just announce?!
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Old 01-17-2014, 11:48 PM   #247 (permalink)
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bigdickbitch.com also accepts Bitcoin.

#YOLO
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Old 02-19-2014, 09:40 PM   #248 (permalink)
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A small bump or end of the road?

Bitcoin Exchange Prices Plummet as Investors Brace for Bankruptcy | Wired Enterprise | Wired.com

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I will rape your soul in hell forever.
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Old 02-19-2014, 09:40 PM   #249 (permalink)
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A small bump or end of the road?

Bitcoin Exchange Prices Plummet as Investors Brace for Bankruptcy | Wired Enterprise | Wired.com

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I will rape your soul in hell forever.
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Old 02-19-2014, 09:49 PM   #250 (permalink)
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Small bump, of course. This is just one exchange.
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