Bitcoin Forum

So, my husband owns the house (the mortgage is in his name), but a few years ago we opened a HELOC (Home Equity Line of Credit) together, with both our names on it. Some time last summer, I borrowed $15,000 from the HELOC without really asking for permission or telling my husband about it. I told him eventually (he asked about it after seeing a transfer on the monthly statement). I used that entire $15,000 to invest in bitcoins, and bought about 2,000+ of them.
Anyway, as of last Sunday, it's all gone. No more 2,000+ BTC. All gone poof  :'(

Why not refund the $15 000 and keep the difference?

Your husband must be a very understanding person.  Something like that would have been a deal-breaker for me.

Not sure how serious this is ?

You kind of hope that the punchline is he sold them on the weekend for triple what he paid for them, paid off the HELOC and now they have a sweet little nest egg.  That said, had someone borrowed against the equity in my home without asking me, they would have been homeless the moment I found out.

Mystery solved.


https://bitcointalk.org/index.php?topic=141821.msg1512996#msg1512996

Are you sure it's the right wallet? Did you make a backup wallet? If someone swapped wallets with you it would appear they were gone. Hopefully you encrypted the wallet.

He sold them.  Check his post history from a few days ago.

Yeah, it kinda turned into a completely paid off loan, and a new one of these, fully loaded, paid in full

http://images.autotrader.com/scaler/544/408/images/2013/2/2/339/236/29805147030.339236586.IM1.05.565x421_A.565x377.jpg

Plus a few grand left over to pay down my other loans. No idea how it happened. I dumped over $45,000 on the market in a course of three days, and the price still kept going up. The walls didn't move either. So, new "luxury" car, in six month, pretty much for free, for not really doing anything. Glad I'm such a stupid bitcoiner.

My wallet feels kinda empty though. I still have the few BTCk in my bitcoin savings account, but it just doesn't feel as bloated, and the price is still going up, and I feel I'm missing out on even more money, and so I'm  :'(

Oh, and I'm the finance expert in the family (do our financial planning, investing, taxes, etc), so my husband trusts me with all things finance.

this may just be a load of ho ha, if not, congrats with a new car.

rofl I bet the loan company was wtfing all over the place and trying to figure out how the hell you could pay it back so quickly :P

Don't worry! I, too, made the same mistake about Rassah during the Pinkie Pie episode. If you're still confused, think Elton John.

What I don't understand is why Rassah didn't buy this car:

http://topcar.co.za/wp-content/uploads/archives/u522/smart-forfun2-concept-hr-manu-06_010.jpg

Then your Husband is an idiot and so are you... this is not 'investing' this is gambling and you just so happened to get 'lucky' this time......
Family investment is LONG TERM..... this sort of reckless behavior will ensure you are poor in your old age....

Don't think so.... post a picture of your house and let's run some comparisons.

Nice wheels  :)

ITT: Attention-grabbing title to brag about an irresponsible gamble.

A friend of mine had her Android stolen last weekend. It had 1 BTC on it.

The thieves will be hooked as soon as they discover it. If they don't know about it yet.


Sorry about your loss.

i don't understand why people store large amount of bitcoins in hot wallets?? for saving. make always paper wallets. one paper wallet loaded with 10 BTC. you can print out up to seven paper wallets on a piece of paper. the side back another 7 paper wallets. where is the problem??

www.bitaddress.org

Also, being the finance expert in the household, would you mind offering a tax advice applicable to people who bought low, sold high, and purchased goods with fiat?

Oh, I see.....

Wel  :D About this

How Much Will that car be worth in 5 years??

How Much Will those BTC be worth in 5 years??

I think you made à big long term mistake to satisfy Your short term needs with everything you own to lose over some stupid Brick on wheels but hè .. People like you Will get my long term rich guy..

Cheerz ...!!!

Gotta love how people don't bother reading beyond the OP even when the thread is only one page...

And for goodness sake, Rassah is a young man - he's not a Baby Boomer who just risked his paltry retirement savings.  I'm not saying it was a smart risk he took, but it's OK to want and have nice things to enjoy now rather than being obsessed with what your bank/Bitcoin balance is going to be at the expense of actually enjoying your life.

wait, he bought a car with bit gold?? how stupid is that!! gold is for saving and not for buying. you have fiat money to buy the necessary things for live.

EDIT: and on the other hand the car looks like very gay!

So it's OK to borrow fiat money to buy "bit gold", but it's not OK liquidate "bit gold" to pay back the loan and buy nice things?

right, in the meantime he should have worked to pay back the 15k to his "husband".  ;D

Okay we get where you're coming from now. Please go back to your intelligent and heterosexual friends.

That's a very ugly car...

https://bitcointalk.org/index.php?topic=143722

HAHA, I prefer this one:

http://www.chevrolet.com/new-2014-corvette/

OK, bit more info.
First, this wasn't a "lucky gamble." Bitcoin prices stabilized by the time I bought, the loan interest rate is 3% (pretty tiny,  accumulating only $450 a year), and it was a risk I could afford. I knew bitcoin would reach the desired price eventually. Even if they crashed a few times until then, all I needed was for them to reach a target price of $22. When buying, I was estimating that this would happen by the end of May. I only got lucky because the price bubbled up, and I got there in ~6 month instead of ~12, but it would've reached there eventually.
Second, yeah, I'm sure just keeping bitcoins would've been a better financial investment long-term, but the car I currently drive is 14 years old with 240,000 miles on it. It's about time for it to retire, and damn if it isn't trying. I'm frugal, so this new car purchase want spur of the moment, but was necessary. Maybe it being all loaded and luxury wasn't, but, hey, that was free  ;D
Third, it takes 2,650 D-Cells. And I didn't buy the car Phin suggested because Smart cars were completely broken when they came out in US, going from 70+mpg diesel to 35+mpg premium gas only. Waste of money.
I don't offer tax services for free, but keep in it Bitcoin and you don't have to pay taxes on it, or sell it for USD and declare it as a capital gain with 15% tax. You can do more, especially if you mine, but...

+1 congrats  ;D

I think "gambling" with bitcoin exchange rate is smarter than, for example, playing satoshidice. With real gambling you are guaranteed to lose, statistically speaking.

Rassah, did you pay capital gains tax on the $15,000?

Americans and their cars... why not just keep 1000 BTC and stay in the game?

apart of all "sexuell orienteded discussion" I'm really think about to put a fix amount of fiat money into bitcoin month by month like you put fiat money into shares/stock month by month as a savings scheme.

I doubt we will see single digit again.

EDIT: But where to store the paper wallets then? Not at home. Maybe a safe deposit box within a bank.

Nope. Won't have to until April a year from now.
I need a car to drive to work, and mine is almost dead, so...
Also, I'm still in the game. The bitcoins I sold were only the ones I bought with the $15,000 I borrowed. Ever since June of 2011 I have switched from using my bank's savings account to using Bitcoin as my main savings account, and ever since have saved about $200 every paycheck into bitcoin for things like travel, new phones/computers, miscellaneous purchases, and emergency fund stuff. When I announced I'm doing that (about same time Falkvinge said he's moving all his savings into bitcoin), a bunch of people said I was crazy and an idiot for doing that because of bitcoin's volatility. I'm sure there are many who still think that. Yes, it's volatile, but  the volatility really doesn't matter over the long term. Long story short, my BTC account is worth about $20,000 more than I actually put into it, despite the rise to $30, crash to $3, and everything in between. And yes, I've cashed out plenty of times as I traveled or bought electronics. Travels all go on credit cards (lots of cash-back), and get paid off the same month.

This thread is precious in the light of all the screaming "deflationary currency prevents spending and will kill the economy!!!".
Enjoy your purchases, Rassah! You use Bitcoin, not the other way around ;)

glad to hear you're still in the game

you got a good approach there. at least looking back it has worked well. i think it will in the future, too

FTFY

I'm sure it will. Soon as the Bitcoin euphoria dies down a bit, and prices come down to whatever levels I figure are reasonable, hubby already asked me to do this again to help pay off his new (bought a year ago) car. No idea when the Bitcoin rollercoaster will reach the top though.

anything wrong with that?

Nicely done Rassah!  Ignore the naysayers - they're just jealous they didn't do the same.  :)

I don't think so!   It got my attention.

"Took $15,000 from husband to earn a car speculating on bitcoin" would've done it for me, too.

Not exactly "took from husband" as the HELOC is in both our names. It's more like "took money from join checking account without bothering to ask my husband." I hear it is a very frequent problems with guys who have wives (my SA goon friend's wife maxes out his cards all the damn time). At least my money wasn't being thrown away on something useless, and was put into what was a fairly secure investment at the time.

P.P.S. Not only am I the financial expert in the family (saved parents a few $10k through refinances and other financial tricks, bailed friends out financially, etc), I also fully fund my husband's IRA ever year, and let him keep the resulting $2,000 tax return that he gets from it (that's on top of the $500/paycheck I put into my own 401k. Retirement first, Bitcoin as a bonus second). I'm not all bad :D

Great stuff, keep it up!

120 ?  http://imabattery.blogspot.com (http://imabattery.blogspot.com)

You must have an understanding husband or you now use the new car to live in  :)

Did you purposefully link to a blog that accepts Bitcoin donations?

Isn't this a good thing? BTC rose so whenever you invested should be at least +50% by now

This, this, this!

It's an interesting psychological situation.  Because things become cheaper and cheaper as you go along, you think, "Wow, this car would have cost me 9000 BTC last year, but now I can buy it for only 1500 BTC, that's a steal!"  Nevermind that you'd be able to buy it for 375 BTC the next year.

that's called deflation: hold it until there is no other possibility. which is good for an asset but not for a currency.

Granted, had I waited two weeks, I could've had almost $10,000 more. Though it may have been just as likely that as soon as it had reached $22.5, it went down to $15 again.

What's the difference, really? I'll refuse to sell my appreciating stocks and commodities, just like I'll refuse to sell my appreciating Bitcoin... And most of the wealth out there is in assets, not USD...

Could you elaborate on "not good for a currency" part? I am still failing to see a real problem (not the academic mumbo-jumbo theories that come and go). You buy and sell things as you see fit, you correct for inflation or deflation when discussing "real" value over a period of time, and that's it. If you want to hoard, go ahead and hoard and even die like an old, poor fool if you choose to do so. Or remember that the economy might shrink, leading suddenly to a relative surplus of coins - now you can buy less than yesterday with the same coin you saved.

All money will soon lose value, as it's useless.  Focus on what makes you happy.

a currency where the value of it is constantly growing may prevent not too few people to use it as a currency to spent it easily and buy things for daily live. such a currency may be too valuable to buy ordinary things with it. but this are only thoughts. if I spent a large amount of bitcoins I would immediately buy the whole amount back through fiat money which means I use only the transaction functionality of it. but could be this is not preventable within the adoption phase and will persist until the value of bitcoin is roughly estimated.

EDIT: look at what e.g. MtGox (fees), SatoshiDICE and FastCash4Bitcoins is doing since a while. it is in exactly the same way as described above.

Lmfao a financial expert that takes the equity from their house to buy a virtual currency.

It was a calculated risk, and it paid off.  Far better than the people who take equity from their house to buy a new boat IMO!

I wonder how well that strategy will work out for this guy...

http://www.reddit.com/r/Bitcoin/comments/18f3pd/i_have_my_entire_retirement_and_savings_invested/

lead to the question what is the value of bitcoin and is this value untouchable?

EDIT: it's very hypothetical but not unfeasible: a ban of BitCoin by United Nations (www.un.org/en/ecosoc/ (http://www.un.org/en/ecosoc/)) because of undefined reasons (at the moment) is a possible risk.

Most people who don't plan on bequeathing their wealth to someone else are intending to liquidate their assets at some point - whether those assets are BTC, property, or Berkley Hathaway shares.

While everyone should make provisions for living comfortably in retirement, quality of life in the meantime also matters (after all, with official retirement age nearing 70 in many Western countries, a lot of people aren't even going to live to retirement age). 

Same story here.  Except I didn't' take a loan and I didn't buy a new car (with Bitcoins).  We are shopping for my guy's new (2009) car tomorrow.  No, the Bitcoins are staying put.

Bitcoins to CASH?  are you crazy?

My wife is tax expert you want to talk to her?

This makes it sound like they were lost or stolen. They are not all gone poof the are all gone sold.

You cant drive a bitcoin.

Rassah congrats,
What is the point of hording funds if u can't enjoy life.
I did a similar strategy to Rassah at a much smaller scale and yes its worth the risk.

I set aside some thinking long term.

And spend the rest short term with my wife and kids heh.

fake story.

This is debatable...

I would argue "hold it until there's no other possibility" is good for a currency -- well, actually good for the people using the currency, the currency itself doesn't really matter.

Why? Because spending money just because it constantly loses it's value will make people buy stuff they don't really need and will make the people (economy) as a whole waste more energy than necessary and produce stuff that isn't really needed.

Let's assume for a moment we had a functioning loan/investment market (one could argue we have, but I don't think it's developed enough) in bitcoin... "hoarding" would then become "saving" in the sense that the capital will not merely sit in peoples paper wallets, but be used to fund innovation, make production more efficient, etc. pp.

Recall the whole "time perference" theory from austrian economics... it makes sense: You don't need/want the product now so you "save" your money by putting it into a savings account at a reputable savings & loan business. This sends a "signal" (a price signal in effect) to the economy saying: "We don't need as much product/service now, better invest in new factory / innovation / higher efficiency / providing other products and services we might actually need instead". Capital available for development just got a little cheaper. Market for goods/services experiences lowered demand, ergo prices fall. This is a feedback system that effects the economy (producers) actually delivers what is needed. The consumer sends a signal (via lowered demand for goods and higher supply of investment capital (taken that savings/loan business is functional and the consumer will "invest" instead of "hoard")) and the economy listens.

Now, with a "managed money supply", these valuable signals are being distorted. Money is injected into the economy (via central bank + credit expansion by the commercial banks) because politicians or whoever think the economy must keep growing (at least "on paper")... the economy becomes blind to the real needs and likely overheats and overproduces, advertises aggressively to sell the unneeded product, unecessarily burns precious natural resources and human labour, decreasing happyness overall (side-note: populations happyness should be what politicians are being measured by, not GDP).

Let's think about the current situation: there are currency wars going on: not only are the fiat currencies themselves in a "race to the bottom" trying to out-stimulate the economies of other nationstates (fiat currencies are usually linked to nationstates), but also there is a new player in the field. A new kind of "good money" (wikipedia: '"Good" money is money that shows little difference between its nominal value (the face value of the coin) and its commodity value'), bitcoin... driving out the "bad" fiat money (everybody spends fiat and hoards bitcoin). Why is bitcoin the "new kind of good money"? Because it's a) good money and b) possesses -- in contrast to the other good moneys like gold -- the impertinant property to be actually transactable and therefore usable as a medium of exchange within the economy.

So what's happening is this: people spend depreciating fiat currencies and hoard good money like silver and bitcoin. Lacking a trustable savings & loan market, these bitcoins sit in personal wallets, not being invested into the economy. Building a trustable functioning savings & loan market (or depository market) is hard for the "good money", because there's plenty of bad money to be had at 0% and noone is willing to invest precious good money at 0%. So naturally we are observing the expected effect: bitcoins are being hoarded and it's price relative to fiat goes up, up, up (which will continue imo for a good long jolly time, by the way)

On a side-note: I love how the weak hands become more fearful with every $1-rise in bitcoin price and distribute their coins to the masses (still early adopters, really)

;tldr: fuck managed money, we want sound money, and: saving is good for the people. Also: bitcoin (or a variant) will become the #1 global money.

Really? No, I'm not going to argue with that and just leave it as your opinion.

Tell me when we've built a spaceship and are exploring where no man has gone before and then we can talk about abolishing money.

The UN can shove it up their tight asses! BTW, we're going to have unsystem (http://unsystem.net) conference in the building they usually use in Vienna. "apt-get upgrade system", motherfuckers!

Seeing bitcoin as an investment (with the plan to "cash out" at some point), assessing the risk and possible gain and all that crap is so fucking retarded. Don't you see what's going on? We're taking our freedom back from "the assholes" who think they have to rule us all. Open your eyes, live your life and use bitcoin (or litecoin for fucks sake) whenever possible!

;tldr Bitcoin is not a penny stock, Bitcoin is freedom!

Lmfao, not a financial expert who doesn't have a new car fully bought and paid for in six month.

What kind of evidence would you need?

^^this^^

You next to the car with a shoe on your head  ::)

Do you have any txid?

Those would be multiple txid's, since buying and selling was both done in small chunks... Not sure I feel like tracking them all down.

Here's a pic of me with it in a different location though. I can't take one with the car on my head because I would need someone else to take the photo, and hubby would think that's too weird

http://sphotos-b.xx.fbcdn.net/hphotos-prn1/154809_547813378582295_212212244_n.jpg

(Will add fog lights to replace the ugly gray things under the turn signals this summer)

OK. You're a gay couple? And you're also into that dog stuff?

In this case it probaly would have been best to finance the vehicle and make payments with deflating bitcoins over several years. Hmm... a new car sounds like a good idea. Is that a hybrid?

Hybrids are for absolute suckers.

maybe
you should get one, then

Didn't want to risk having coins drop in value while buying, plus just feels good to hand over a huge check and take the title without owing anything to anyone.
Yeah, it's a hybrid. I get about 58mpg on it on my trips. Went with a Prius because it's the most technologically advanced (non-concept) car you can buy, and I like high tech things. Instruction books are 350 pages just for the car, and another 250 just for the navigation system/audio/cameras/auto-park. Thing is drive-by-wire for everything but the steering wheel  ;D

Yes we are (together for almost 14 years). We don't like dogs, or anything like "that" with real animals. But we like anime and furry style art.

My inner self struggles with this.  On the one hand, I love techy toys.  On the other hand, I love lightweight cars that are exactly NOT drive-by-wire, that I can feel the mechanics of what every piece is doing, that I have instantaneous throttle response and can feel every bump, nook, and cranny that the front wheels touch on the road.  I tear myself apart that I want a car with all these novel features, but at the same time, I want a car that is just a raw driving experience without computers doing much of the work at all and without extra devices to weigh it down.  Currently have a Miata, which very much satisfies the raw driving experience side of things.

That said, I always make fun of people who drive hybrids because of how expensive they are and how many miles they take to break even on the extra cost.  I applaud you for finding a different reason besides "saving money" to drive one.  :)

I'm actually like you on this. But with the car's stability features making it feel like it's gliding on rails (doesn't lean on turns), it being whisper quiet, and it having that characteristic beige color all around inside with the high tech looking gauges, numbers, engine status screens, driving status, etc. I just pretend like I'm flying a Star Trek shuttle, and I feel a little bit better. Only a little, though, because that is ridiculously nerdy.
That lack of feedback is a bit of a problem actually. With the continuously variable transmission making the engine only have one speed (unless you are flooring it), no engine or gear switching feedback through the gas pedal since it's just a pressure switch, acceleration being so smooth, and the car looking and feeling so solid and bulky from the inside, you can't really feel your speed at all. 25, 45, and 65 all feel the same, and feel slow, so you pretty much have to keep looking at the speedometer and go, "Oh, I'm doing 65 already? Guess I'll just take your word for it." Also a problem because it can hit 65+ quickly and easily if you're not paying attention (but can use regenerative braking while in cruise control to slow down on hills, since those brakes are electronic, so not as much of a problem).
Also, my last car hit 240,000, so I totally expect to break even on it eventually  ;D Otherwise, with my new car being paid off just like my last car, the only difference I'll be seeing in my normal day-to-day finances is having to gas up every two weeks instead of one. But yeah, I'm mostly giddy about the tech  :D

I feel cheated, they didn't go with a *poof*, more like a vroom (though in this case, probably a whirrr).

Not a huge fan of the Prius. Was looking into one and ended up going with a TDI Jetta. Nice economy and you also get the vroom.

maybe you should get involved (or help fund) wikispeed so at some point you can have your dream car made or make it yourself.

Also hoping to get a TDI, but when I look at VW's European models, the MPG is practically double what it is in the U.S. /rageface

Sounds like fun, just in a different way.  :)  Just hope you don't have to replace the battery pack before the break-even point!

I wish I could, but I do not have extra money to help fund it, and don't really have much in the way of mechanical, engineering, or modeling skills to contribute.  I look forward to the day those cars are a production reality though - they've done some truly amazing work there!

I'm told we can blame that on the ridiculous emissions requirements that the US has on diesel cars vs Europe.  I don't know exactly what the differences are, and I haven't verified that statement other than talking to my uncle who owns a diesel truck and complains about the various emissions equipment he can remove to nearly double his mileage.

Careful with the MPG since the British gallon is larger than the US gallon. The newer cars are also not getting the same mileage as the older ones. Mine is a 2000 and I'm getting just a touch over 45 to the gallon. Mostly I like it because I can go nearly 700 miles on a tank which, for me, means only stopping once a week to refuel.

I haven't seen a Prius making over 40MPG... I took a bunch for a ride from ZipCar and on average they did about 37MPG... Not that impressive since I had Ford Fiesta doing 35MPG and Fusion doing 32MPG... And Fusion is a much better car.

And yea, Golf TDI was doing 35MPG with 2 people and 2 large dogs (70 pounds each) and a trailer behind at about 1500LBS.

Thanks, I'll try to remember this and get an old of a certified used as possible.

The US vs Europe makes me rageface too! I thought the smart cars were cool and cute as hell (swappable panels, like cellphone faceplates!), and they did 70+mpg on diesel. When they finally came out in US, they do only about 40mpg, and require premium gas, so no savings at all. I was looking forward to getting one for, like, ten years, ever since I saw them in Italy, and when they finally came out, and the EPA totally fucked them up, I was pissed!!!  >:(

You may not want as old as possible. Diesels have been around for a long time and the older ones were missing some modern improvements (Anything without a turbo is a no-deal in my opinion). The ALH engine seems to be pretty well regarded though. I was actually going to retire this one but my newer car has developed an engine issue so I'm driving this one until the weather gets better and I can take a look at it but I'm really enjoying being back in it (Turbo, manual and economy goes a long way vs 4.0 raw power) and I'm going to spend some $$$ bringing it back to a nice condition (it has 210,000 miles on it).

I would actually love a TDI sportswagon but I'm having trouble finding one in a manual and at the right miles/price. Plus VW seem to be going with a really lame selection of colors these days (I blame the American public. Everyone seems obsessed with resale value which means black, silver and white :( )

Yeah, certified used models don't go back past 2000 I think, maybe even closer to now.

Well, last time I was in the US they were basically giving gasoline away compared to European prices so not much need to have a god mileage :)

Must have been winter.

When driving a 2009 Prius I was able to do 45 mpg easily.  I usually get epa highway ratings on most vehicles I drive going 65 mph since they further revised the EPA tests.

It is amazing though that dodge has a full size truck doing 25 mpg on the highway now.

Suckers who like low per mile cost and high trade in values.   Prius has one of the lowest TOTAL ownership costs. 

Except you guys have something we don't: A decent public transportation system. Ours sucks, and is expensive as hell, so we have no choice but to drive everywhere. Plus everything here is so far apart, that working 30 to 60 minutes away is considered normal. Think of what you spend on buses and trains there, and that's pretty much what we spend on cars (plus maintenance).

No wonder public transport is crap and expensive: noone uses it.

It also has to compete with MASSIVE government road and gas subsidies, meaning it almost can't, and definitely can't afford to pay for any improvements.

No Obama-Bus or something? ;)

Nah, most of us still spend it on cars (and standing in traffic). We just pay more for it. Gasoline is just one part of it. We also pay way more for the car itself via taxes and all sorts of other taxes. The joy of socialistic countries ...

I use the public transportation system to save money myself but I'm not a fan and am unlikely to be able to continue to do this indefinitely (the flexibility of a car is quite likely going to be necessary for my job).

Hah, their public transportation is as expensive as hell too, it's just subsidized by taxes so the general public don't notice.

Actually... true. We subsidize roads and drive on them with private cars and trucks, and they subsidize rails and ride on them with private trains... I like trains more though.

Well the trains really aren't that private and we subsidize roads too. We basically subsidize everything.

True. Though I'd like to eliminate all subsidies. However, besides the subsidies, they also penalize driving heavily. Petrol tax in the UK is around 80% of the cost. Yet still people are buying bigger cars and ever more of them. When I was a kid, in the road I grew up in, everyone parked in their driveways. Last time I went back, it was impossible to find a place to park on the road.

The truth is that public transport generally sucks and often doesn't provide the advantages that one would think (you have to run that bus service, even if nobody uses it so you end up running a vehicle that uses three times the fuel of a car for no reason). It's a solution to a problem which doesn't really exist anymore in the first world and the only solution it is good for (disengaging the passenger from the process of manipulating the vehicle) will be solved in a matter of years (also opening a solution to the issues regarding electric vehicles and allowing a sharing of vehicles for those who don't  need or want to own).

I participate in a car-sharing system in the city I live in. It's quite good. No monthly fee, 0.28 € per minute (gas included). I just walk up to the car (after locating one using a mobile app), put my rfid on the reader and go. Can park it anywhere within the operating area for free on public parking spots (usually metered, they have deal with the city).

It's an ideal addon for my normal tram and bycicle usage (cycle 10km to work and back in summer, use tram in winter), comes in handy when I have something to move too big to take with the bicycle or tram.

I grew up in a rural area. Such a concept is not possible there, but in larger European cities there is really no need to own a car.

^^ answer this ^^  ;D

he did, read the thread

here, I did all the nasty work for you:


;)

Ok, not a shoe, but hopefully proof enough:
https://i.imgur.com/OpiSRDX.jpg

Filled it up 5 times so far. Despite winter, have not gone below 50mpg per tank yet. Averaging around 52, but going up with warmer weather.

And yes, had I waited, I could have bought the car, paid off my hubby's car, and paid off the house, but I didn't expect it to keep going up to $60  :o Frankly, I thought $30 might be the top of the bubble.

I thought $40 would be the top of the bubble  :(

There's your mistake. It's not a bubble. Bubbles are supported by credit expansion. This is monetization.

Where was credit expansion back in June of 2011? Or am I just using incorrect terminology, and that was a hype-based monetization too?

EDIT: Crap. My brain is broken. I meant "Was there credit expansion back in June 2011?" >.<

Bottom line is, the Bitcoin price is unpredictable.  People can make reasonable assumptions about where it is headed, but unexpected news tomorrow could greatly change the price either direction.

I would say so. What happened after June 2011 was demonetization - or hyperinflation (collapse of the purchasing power). It looks very similar but the underlying mechanisms are different. You'll see what I mean when the USD collapses. Using your words you would say the USD is in a bubble.

So is this now the worlds most expensive prius? you were so proud of yourself for selling out at $22, shame you aren't a true believer.

How do you know when it's the right time to sell?

For all you know, it will keep going up long after you're gone, so I say, if you have a solid plan, sell when you decide to, and don't look back, bitcoin WILL be higher than whatever you sold it at, it's only a matter of time, no use kicking yourself, just enjoy whatever it is you did with the fiat  8)

Yep! I now drive a $109,000 Prius! $uck it, Porsche driving losers!  ;D

that porsche cayman is only BTC 534 currently: https://bitcointalk.org/index.php?topic=143722.0

it'll use a lot more fuel, though. In the long run, the prius will be cheaper (depending on driving style)

If you could have just held out for 2 more months, you would have been rolling in a rolls royce.

Shame you didn't believe in bitcoin.

The Prius is now a $480k Prius.

Dang...

I was just thinking of this thread this morning :)

Yeah, I know. If only... Oh well. We can't predict the future, and I am enjoying my car. Plus my license plate is helping advertise, so I'd like to think that at least a tiny part of the recent price spike was thanks to me  ;D

Good one Rassah  ;D  Keep it up!

congratulations!

Bad luck :(

Exactly this. I cashed out my small stash a few months ago as I needed to get some new tyres (tires for you chaps over the pond) for my Prius (yes, I have one too!) and as the price was at a then all time high of 20 GBP I sold. I made a nice profit on my investments as well as my mining income and also purchased the said tyres for the car. So all in all, I'm still better off than I was when I entered the Bitcoin economy around six months ago.

Had I'd held off then I'd be a lot richer, but as said, we cannot predict the future and if everyone horded, then I think Bitcoin would fail as it needs day to day transactions to actually be worth something! So I don't feel bad at all, in a small way we're helping the Bitcoin economy by getting goods for our coins.

Can you explain gold to me please?

I'm pretty sure TONS of BTC are being hoarded now. I think the same things going to happen with BTC that happened with silver awhile back.

Damn I should be paying people for my predictions.


I will never trust the BTC market now.

My thoughts on Gold are it's:

A: A commodity - Jewelry, electronics, etc
B: An investment

So yeah, I think I wasn't that clear in my description, hording is good, but transacting is good too and the two should go hand in hand, much like gold. That's what I think anyway, I may well be wrong here. (won't be the first time!)

Such a shame... :\

I would want to own more than a few BitCoins.

not hard for anyone to understand - maybe ok in the short term, (as medium of exchange), but totally plausible as a store of value. Spend your Bitcoins, but save in gold too.

rassah, you may have been spotted by a redditor: http://www.reddit.com/r/Bitcoin/comments/1wqbkq/saw_this_guy_on_my_way_back_from_buying_btc_what/

Did you keep a few BTC just in case?

Oh no ,,2 BTC is not small  :o
how it can happened ? you not make a security or save your pv key

Unlucky, dude...

you true and really your bitcoin gone 2000 bitcoin

this is an old thread, people. and isn't this the mycelium developer? i hope he bought this account because i don't like the idea of a wallet developer being dumb enough to lose 2000 btc even if it was a long time ago.

And I sit here trying not to lose my mind about being hacked and robbed of my 1 and only BTC over here  :(

You didn't read past the first post?

that's lot lot money
and gone like a magic show
*poof*
it will be a lesson to everybody

You guys do Realize this thread is from 2013?  You are posting comments like it just happened.

It's a a time machine  ;D

A newbie bump this thread. Hahaha. Im newbie also when i saw this thread but i don't know what they are talking about that time so i ignore this thread. It's funny that rassah now is a legendary member. But she is low rank when she post this thread. Goosebump to me. OP must lock this antique thread. :)

this is insane , you never knew where the 2000 btc went .??


someone just hacked into your wallet and withdrew all the amount , to a another bitcoin address and you can't track them .???

have you tried contacting blockchain .io about it.??????


sometimes , with the hacked address you can track the exchangers if the hacker converted it to money into some bank or the anothr , it is still possible to track it ,



mostly it might have been only gone to an exchanger if the culprit wanted to exchange it.???

That is exactly what came to mind when I read the title and when she said "poof'" all gone.  ::)

yeah he most probably didnt have it because he would save it in a better way i think

Are you really serious?
People please check the dates when trying to jump in on any conversations here. :D :D :D :D :D

imhash it i possible the transactions never vanish, they stay forever in the blockchain , i tracked my hacker to mtf coin company who said they might help me , it might happen , usually all btc goes to a exchanger but if he was smart enough to launder it then we are helpless.


but the girl who posted this is not giving anyone any details of the stolen stuff she simply says i lost btc , if she gave a btc addy or something people might help.

not even a sathoshi can be sent without showing up in the blockchain.

That is a lot of money gone, you should keep your Bitcoins in different wallet to prevent this happening, never put all eggs in one basket :(

That is a very big sum to lose, I don't knoow how would I react on that. Also how would I survive wothout that money. Any chances to get it back?

Yeah, it's very sad, just bad luck...