Bitcoin Forum

Can't help but feel this way

you are probably being too greedy. how does feeling that way help you in any way? if you have some coin and have made some money, then just be happy with that.. that's the only thing you can control.

It doesn't. Feels bad being poor right now.

I know what you mean.  If I had only purchased Berkshire Hathaway at $10.00 a share... :)

My point: You should be buying the next big thing now.  Problem is identifying it early.

The secret:  You don't have to pick the biggest thing, picking several things that will get bigger is much more certain.

October this year is the last call, I'm afraid. But, there is one thing called cex.io, which is your only friend. I have noticed there are few people support me, then I can do less.

I would make the argument that we haven't run out of steam yet. Though you might not be an "early adopter" there is still plenty of profit to be made. If so, you can use that profit to be an early adopter of the next major innovation. Cheers.

Just FWIW, that's pretty much how most of us felt in 2011 also.

Not saying that it's a good idea to plow one's life saving in at this time, but it is probably more likely that Bitcoin will do another 10x or 50x now than it was back then.  Still it's certainly not something that I would consider to be a strong likelihood.  Just a possibility.  In the interest of full disclosure, I'm selling.  But if I had no BTC and some money I could afford to lose, I probably would be taking a modest speculative position at this time.

Anyone buying Bitcoin today IS an early adopter.  Some day it will be easy, with things like hardware wallets that make it super safe and easy, and you can tell your grandchildren that you owned Bitcoin before hardware wallets were invented, when you had to deal with paper wallets and offline computers!

You think the people who bought at $1 didn't lament about being poor and wishing they had bought ay $0.001?

Just buy, hold for five years, never think about selling, and you will probably be rich.  

Many people thought the same way as you when the BTC costed $100 and you know what they missed. That said, I think you still have chance to buy BTC at a price lower than $700, or maybe even $600, just be patient and keep alert.

I had a chance to get into Bitcoin in 2012 and it never fully caught my attention until this year when price jumped past $100. Bitcoin is no different than USD or any other business venture. You have to be prepared, in the right place in the right time and take advantage of opportunities.

The early adopters were smart in that they saw an opportunity and held onto their investment. The only thing you can do now is work hard using your skills and talents to earn Bitcoins and invest wisely into ways to multiply your earnings. You might be sad now, but you could end up with 10,000 in a few months you never know.

Bums me out too, I knew about BitCoin years ago from reading an article about it and thought "wow I'm gonna buy some of these" but at that time I could not find any way to buy them online. I live in the Caribbean and I still don't have any cause it's just difficult to buy them by wiring money where I live. Damn Banks. If there was a place I could have purchased them by credit card I would've purchased a bunch years ago.  :P

You'll feel a lot worse in 5 years when they're 40k a coin.... why didn't you buy when they were only 800 :P

Seriously, nobody on the street knows what a bitcoin is.  It's still SUPER EARLY.

You and 99.9% of current bitcoin holders  :) Just think how bad it would feel to be an early adopter who mined a bunch of coins and sold out when they hit a dollar, as many undoubtedly did.

That's so illogical. Emotional yeah, but illogical. Spock wouldn't approve.

That's like feeling bad when on the Blackjack table, the guy next to you pulls a 21. If only you had sat one seat over to the right you would have won. But at the time there was no way of knowing. This stuff is just gambling.

Exactly what Big said.

What if when you bought bitcoins at 0.0001 cents in 2009, because of those minutes sitting on the computer buying, you walked out your house 1 hour later than usual, and got hit by a buss and ended up dead.  IF ONLY I NEVER BOUGHT BITCOINS.

See why that thinking is illogical? 


If only I bought microsoft shares...
If only I bought facebook shares...
If only I bought etc. etc. etc.

look at the bright side. this can also be the best time to jump in.

turn your regrets into motivation.

I bought some at $400 and I think I am an early adopter. I regret only that I missed the chance to buy from April Until October when the price was between $100 and $200.

I have this feeling that the price will be $10000 in 2015. Nothing else just a feeling. I don't want to speculate what the price will be after 2015.

no reason to be depressed.
the vast majority of people miss out on early-adopter benefits (see: google, tesla, apple, etc).

get used to that feeling!

Look forward. There are emerging altcoins with even brighter futures that will surpass Bitcoin. You can't change the past but you can learn from it and not repeat the same mistake: http://coinmarketcap.com/

Most people now would be late adopters in terms of the amount of money you can make.

You can no longer turn $27 into $800,000. That would require the price of bitcoin to rise to $29,629,629.63. $29 million dollars per bitcoin.

So, yes it's pretty late to come into the speculative game. You can make larger volatile returns with a lowered chance of pullbacks in other instruments or angel investing in other businesses or financial instruments that will appear in the near future. There is always going to be something new. Either way, it looks like it's "Who you know, rather than what you know", when it came to picking up bitcoin.

Hah. I thought I missed the gravy train when I bought at $50.

Then again I sold it all once it hit $200, so now I *really* feel like I missed out.  :P

i'm not the smartest guy in the world, and i often feel like i missed a huge opportunity to live the rest of my life without having to worry about money..

but there's nothing i can do, short of maybe travelling to the past in a time machine. all i can do is learn from my mistake of not pursuing a good opportunity when i see one.

stop lamenting on what could have been and start putting your mind on what can be.

You have a second chance if you pick the right alt coins.

They are already seeing greater daily price increases than Bitcoin.

www.coinmarketcap.com (http://www.coinmarketcap.com)

Get over it

You are still very early in the larger scheme of things.... ;)

General consensus says I should have bought more bitcoin at x price.  I keep telling people its always a good time to buy bitcoin.  Its always a good time to mine bitcoin.  Do it now and look back in a year or two.  So short story short is have some btc.

You are an early adopter.

it's not good to buy bitcoin when a speculative bubble is about to burst.

mining bitcoin is only good when it's profitable, and it doesn't seem to be that way right now.

I'm more concerned about the technology than the money. I think Bitcoin is a really cool idea, which is why I use it (Note: "use" not "hoard") I bought and earned hundreds of BTC when they were around 80 cents USD.

If I held on to those, I could be doing very well right now. But I have no regrets. I did a tiny part in helping BTC become what it is by supporting people who accepted BTC, and giving them out to friends to spread the word. That's good enough for me, and it's not too late for that.

that's cool then.. you aren't overcome by greed and "what could have happened" like most people. hanging onto the past sucks.

How do you think that guy who bought a box of pizza with his 10,000 bitcoins feels like now?

Probably commited suicide. :'(

I never mined.  High end graphics cards were the way when I got involved.  I could see that mining would be mostly losing battle unless the price exploded, and if that happened then sitting on BTC was going to work well.  Much less effort and much less accumulation of obsolete gear.

My only regret is that I did not find out about and speculate a bit on ASICMINER shares.  Sounds like people who did that really cleaned house.  For a while at least.  I was always dubious that ASIC's were actually real until ~friedcat pulled one out of his hat and demonstrated it conclusively.

---

To the "use" not "hoard" guy I'll say this:  I've always felt that "using" bitcoin in the way that most people dream of would kill it.  Won't scale.  Hoarding it might turn it into a 'reserve currency' of sorts where it could retain it's distributed peer-2-peer nature and the strength that is derived from being so.  The value (both in monetary terms and in terms of solving a needed problem for society) would still be huge even without everyone buying Skittles with it.

The only time I spent actual money to 'help' Bitcoin as a system was at the end of 2011 when I felt I was doing the system a service by trying to mop up excess liquidity in Bitcoin's dark days.  That worked out very very well for me.

It is actually safer now to buy some altcoins than it was to buy bitcoin back in 2011. Crypto currencies have shown us all their great potential, and there are still opportunities, some cryptos are better than bitcoin but are hugely undervalued. Once bitcoin goes mainstream (2014 should be the year), and it will be considered politically correct for big hedge funds to invest in it, they will research cryptos in general and pick up cheap undervalued cryptos, some of which actually have better features than bitcoin. Try to be ahead of these hedge funds, you're more flexible than they are, do your research and pick your bets. Bitcoin is like Ford motor company, which paved the way, but there are quite a few other automobile companies, many surpassing the pioneers in their products and scale of operations.

I don't know how I would feel if I had discovered bitcoin back when it was just a few cents, bought some and spent all of it on a pizza. THAT would feel very bad, so we're actually lucky not to have come across bitcoin back then, because now that it's been around, we are more aware of its true potential and value, unlike those early adopters, who were playing with it and blew away huge amounts just for fun.

"Early Adopter" is relative. In 2009, bitcoins were less than a penny, and you can mine a couple thousand a day with only a CPU (not even a video card). People that entered in 2011 felt like they missed the train when BTC was at ~$5, and you needed to use the hashing power of multiple video cards to mine. Now, people that just jumped in felt like they missed the train if they buy in at $800/BTC or required to use ASICs mine, but in the future it could shoot up to $6000/BTC. Then those people will feel like the missed the opportunity to buy when it was still $800. This wishful thinking won't do anything.

Don't worry. 99% of people are only counting paper profits.

Do you feel depressed everytime you buy a lottery ticket and don't win the jackpot? I'm sure peeps who didn't buy shares early in Microsoft are pretty bummed now.

Buy BTC now and you could still be a big winner and an 'early adopter' in the grand scheme of things, or invest in some of the other cryptos and you could win big, or lose, just like you could've and can do with BTC, that's the gamble.

Agreed with all of the above. My prediction is you will either strike it rich, getting a sick ROI over the next years, or it will bust and leave you with money. I suggest buying what you can now with the money you can miss, so don't go to the bank for it. Than let it sit for 5 years, forget about it and conclude that you are rich or your little investment is gone. Don't forget that even people that thought they got rich when selling at $250 -making tons of money- might feel bad now.

The new opportunity is in businesses that deal with bitcoins. The right ones will see just as much appreciation as bitcoin did. Bitcoin will enable a new economy and you're in at a very early stage.

the thought of not being under the boot of the government is a sweet win. and i want to work and build stuff/solve problems no matter how much wealth i acquire, so early adopter or late adopter it's all the same to me.

Hey just feel better because you came in when bitcoin was $100. Rejoice it's racing to a thousand now.  ;D

How about being an early adopter, and selling your stash for 5$ per coin?

That is what I did. I mined 1 BTC per day, was bored with it, girlfriend was complaining about the heat of the GPU's
And sold it all.

That's even worse.

Think to yourself. If you got "in" at $5 would you have really helt it during $25? $100? Small chance.

what country are you from ? you can become a country representative with the CryptoCurrencyCentral Bank a Global

institution with its Headquaters currently located in Australia governed by the Crypto Currency Constitution and the

only institution with the right to regulate or designate regulatory powers over Crypto Currencies,

as they say no time like the present ;)

I'm sure some people that mined 1,000 coins feel bad that they didn't mine 10,000, and so on and so forth.

I have a friend that was talking all about bitcoin back in 2010 and 2011 (still does). I sat around poking holes in his arguments for why this wouldn't work and implored him that if he was so confident, to put his money where his mouth was and buy into it to show me wrong. In 2012, I came across BFL and offered to ordered something from them, let him go 50/50 on it with me. In the intervening time between order date and delivery date, studied more and more about bitcoin, litecoin, etc, and dabbled some, bought a GPU to mine, etc. I don't know where i'm going with this, but to say, yes, I kick myself a little for not listening to him, but finally came around somewhat. As for him? As big of a cheerleader as he's been for the currency for 3 years now, he never even acquired even a single bitcoin. At least i was disbelieving about it, that's my excuse. He bought into the whole idea, and if he'd just gone ahead and spent any amount of his own money he'd be sitting pretty right now.

As it stands now, I'm still disbelieving on the phenomenon. Just being honest. But I also acknowledge that my crystal ball isn't always correct, so I've acquired a few bit coins over time to hedge against being wrong. Would i be a shit ton richer if i'd bought in when he first went on about it? Or even two years later? Yes. Willl beating myself up for missing out on it accomplish anything? No.

Who i really feel bad for are all the silk road people - buyers especially, but sellers too. Here they've been, acquiring and spending BTC this whole time - i bet a lot of them could tally their total spending and realize that they'ed have millions of dollars if they'ed just held onto their coins instead of spending them!

And then, there's that 10,000 BTC pizza guy. Talk about opportunity cost!

I too feel the same way. I tried to jump into BTC back in 2009 but it was too complicated for my tiny brain back then to understand bitcoins. I remember faucet were giving out 0.1 BTC per hour, but I didn't know how to set up an address and all that mumbo jumbo. So now, I'm in the scene and this time I'm here to stay!

I suppose, even at $10/btc you was also depressed since you missed it at $1 in 2011.

Stop whining!

Anyone who buys bitcoin at less than $10k/btc is early adopter.

I heard similar things from "depressed" people when bitcoin just passed $60. I told them the same as I telling it to you, but most of them just ignored me and kept their fiat.
It looks paradoxical, but now I've found some of them buying at $500 and higher.

Ive been watching btc rise from $4/btc without making a serious move. A simple $1000 investment could of been life altering for me...

How do you think I feel? >:(

i downloaded my wallet 24/4/11 but didnt understand btc, or how to get some, so i just forgot about it, wasnt until late 2012 i even bothered to check out a chart and got the surprise of my life, still it didnt get me moving, it wasnt until the cyprus crisis in march that i got scared about the future of fiat, and got off my ass and put a few thou into btc at 57 ...

the right time is not always the right time for you, but thats life

i agree, people who get in now are probably still "early adopters" btc should go a long long way yet unless govt screws it up for us, just think of the worlds populations, especially in developing countries, who are yet to get involved ...

oh yes, and the altcoins, try backing as many as you can at low prices, a few are going to get big, maybe one of them will surpass btc, no one can know, so you have to bet on as many as you can

Don't be too depressed being not an early adopter because its not that bad at all compared to what I have heard of a person who was paid around 1000 bit coins for selling his website and then cashed in too early at around 20 dollar per bitcoin. If he just waited, he could have been sitting pretty well now. That's I guess is truly depressing.  :o

It is too late to regret for such things

I totally get how OP feels and in many ways I feel the same, but as others mention we are still early adopters, and people have been feeling depressed at any time during the rise in BTC value.

I think what helps me the most is to think about the fact that it's still very early days. Just knowing what we know now is more than most people do, and there's still a lot of profit to be made if that's what you want, although in the end I feel that crypto currency is worth more than just making a quick buck.
 
We can help disseminate information about BTC and crypto coins in general and play an active part in what I believe is a revolutionary (or the more correct term would probably be 'evolutionary' ) change in the world. That's at least something I'm happy about.

Hey you live and you learn. No need to feel down, that state of mind doesn't lead to anything good. You have to stay fired up and amped so that you can discover the next big thing.

New big thing is every 15-20 years or so. Get ready.

Oh and it's not tool late to get into bitcoin.
I'll sell you a few at $25,000 USD / coin in a few years as I'm a week hand.

you may not become rich from bitcoin at this point, but you're still an early adopter.

My take on this is that there were other numerous startups back then when Bitcoin was just making its first steps, but the majority of them failed miserably in the end and disappeared without ever leaving a trace. So it had been almost impossible to choose between them at the time and tell decidedly which was destined for success and which was doomed to failure...

And even if there were none actually, it still helps to think there were!

I salute OP for admitting his depression and i hope he will take his chance when pigs are panic selling.

Not like others, they jump on anti-bitcoin wagon because they're not early adopters. They use the same old argument..... "bitcoins are only good for illegal activities", "its a Tuplip-mania bubble".....

Well i see these ppl at $200 and i guess they're still on that wagon missing all the opportunities passing by.

Me I was visiting bitcoin.org the first days it launched. Didn't realise back then the revolution is near. Entered into it all early 2012. I profited a lot but I can't imagine how much would it be if I realised earlier...

I dare to see economic breakthrough like this will not happen that soon...

I think almost all of us here wish we could have been sooner.  It is just the fun of Bitcoin! The biggest regrets for most are not buying sooner and not holding them after they bought them!

We did not buy earlier for fear of Bitcoin not really going anywhere and for fear that it was tied to illegal activities that we did not want to be associated with.  Those things cost us some major returns.

But that said, I console myself with the fact that the number of Bitcoin holders in the world is still relatively small.  Just holding even a few Bitcoins could someday put us in an "elite" category.  It is hard to believe now but we really don't know where this is going for sure.

So I am thankful that I have a small amount and I will just hold them for a year or two and see what happens.  I have a feeling in a year from now there will be people wishing they had as many as I have or any of us have that are on the boards now.

Almost every Bitcoiner has those kind of regrets, including me.

If only I had bought more, if only I had not sold early, if only I had mined more, if, if,...

I paid a vacation to Florida last year with 200 BTC. I could buy a house now with that kind of money.


Just focus on what you have now.

Bitcoin still will become 100x or 1000x more worth than it is today.

You will just have to wait a little longer, that's all.

Maybe you want to hear the opposite. Sorry. I can´t do that. Stay in the present, feel the pain, have dreams. Make mistake´s. Just make them...

"Coulda Shoulda Woulda"

The lament of the ages.

Look - early adopters are more often burned than rewarded.  Hindsight is 20/20.  Chances are if you invested when BTC was just pennies, you would have lost it all.  That is why few people did so.

Currently Bitcoin is successful but NOBODY knew it would be back then when it was first starting out.  Which is why few people took it seriously and invested heavily.

Here is what you do now: PROVIDE SOMETHING OF VALUE in exchange for BitCoins.  Yes, its true - you too can do it.  This is just the beginning, the business opportunities are tremendous.  Grab the golden ring while it is put out there for you!

Now if all the ambition you have is to spend a few bucks to get a few bitcoins and then sit back to become a millionaire, forget about it.  That train has left the station and to be honest you don't deserve it.  But if you have a go-getter attitude and provide value to the world, the world can be your oyster.

The choice is yours.  It always has been: cry in your milk or create your own success.  There is nobody to blame or take credit but yourself.

Considering what Bitcoin does, does what Gold does, Functions as Cash, is insanely programmable... this thing is a game changer... final absolute Valuation.  15 Trillion dollars... it does everything that other systems do, better.

current market valuation 9 Billion dollars... Don't worry you guys are still early adopters.

I just saw the post, thought I'd reply to the OP.

so it does instant transactions too, but only better?

You are right...hold long term (years) and be happy...

This will make you happy in 2011 i had a few hundred BTC today I have 2.5 (cold) I bought them at $20 i sold them for $30.

I even formatted my pc with 40 BTC on it. 

My regret is that I changed jobs.  In 2009 I was in a dead-end IT job with nothing to do, so I spent my time doing folding / seti / etc. distributed computing projects with as much hardware I could utilize.  Then I made the brilliant decision to get all career-focused and change jobs to a fancy big-name consulting company that demanded all my time with on-call rotations and all-weekend data center upgrades and software installations.  If only I stayed at my dead-end job, I would have surely discovered bitcoin earlier and mined the crap out of it, but noooo I had to go an advance my career.  Stupid rational choices.     :P

Yes, instant transfers, when is the last time you waited more than 10 seconds to see a transaction in your wallet? Instant confirmation of security you mean? not alone but it does it... I've only been studying Bitcoin for a year now, but with other systems it will do the impossible I am sure of it.

BitTorrent: Secure downloadable blockchain.
BitMessage: secure anonymous communication with no location data possible.
Alt-coins/Microcoins: Provide different vectors for Cryptocoin adoption, new functionalities and test beds for features.
Hadoop YARN: Secure Distributed blockchain/ Distributed mining for scrypt based POW
Namecoin: Decentralized DNS/ content distribution.
Open Transactions: Instant transactions and pretty much anything else that can be done in finance.
Keccak: Secure Cryptographic function, excellent data compression system, Magnet link hash distribution.
Industrial Internet of Things:  Instantaneously programmable actions across M2M, B2B, Micro Monetary control of assets, autonomous corporations, 100% efficient wealth distribution.
magnet links: Micro distribution of content, even pay per share content.
Monetas: Phone based bank distribution network.
Ripple: Grass roots wealth exchange.

Put these all together and other open source technologies I have not seen yet and the possibilities will be endless.

If it makes anyone feel better:

I heard about Bitcoin in association with Wikileaks which would have been mid 2010 I believe.  Got interested enough to download the source code, but didn't get around to porting it to my platform (since I always try to compile anything sensitive from source and Bitcoin did not have it together enough to have an auto-configuration system.)  Being desperate to draw down my fiat balance and diversify, I got all tied up in finding and buying some property and mostly put Bitcoin on the back-burner.

Combined with my excess fiat and interest in Bitcoin from a computer/monetary science point of view, the property I ended up buying cost me probably many many millions of USD.  Oh well.  I've done well anyway by taking advantage of the post-mid-2011 second chance.

Don't be, even if you had heard Bitcoin 3 years ago, it's highly probable you would have dismissed it as "pyramid scheme", "ponzi" or "worthless garbage" at the time, same as the 90% other people who have heard about it. You probably would not have invested in it.

The earlier you are in the game, the more uncertainty you will have, the difficulty of evaluating the risk/reward is almost the same. Bitcoin was cheap back in 2010, but by that time it had almost no public awareness and everyone thought it is just a game

So it does not matter you enter the game at $1 or $1000, you will always face this very difficult decision making process, the market is fair

Even in a fully saturated market, there are 370K new baby born each passing day, means sooner or later they will be competing for 5000 coins daily supply of bitcoin on the market, so they averagely will get 0.0135 coin per person for their whole life, and that amount of coin is going to hold their life savings, for example 1 million dollar at today's price

Once bitcoin is accepted at official exchanges around the world, hedge fond and pension fond will start to invest in bitcoin, the race to this 1-100 million dollar per coin will begin

For the new babies, the daily coin supply will be 1800, 900, 450, or less.

You can't get bummed out because you missed some perceived "cutoff" for making money with alt coins.  BTC will be around for a long time and will see some hefty gains in the future.  *I hope*

There are other alt coins that are gaining ground too!  Will you bet on these?  Or will you simply wait and feel depressed again?  You have to take a chance, gamble a bit, then wait and see!  Just don't give up if/when you lose a bit of money. 

I'm late (or early, depending on who you ask) to BTC, and I could spend my time wishing I was one of the first.  But that doesn't matter to me.  I am willing to bet on BTC today!

The 5000 figure is not only the daily coin generation, it also includes coins that were cashed out at 10% rate per year from existing coin holders. Further down the road, there will be more and more people cashing out coins, but they will cash out less and less, eventually the number of daily cashed out coins will stabilize around 5000 coins. See my signature

I'm not depressed that I didn't find it sooner. Bitcoin is fun. I've had fun mining it for a couple of months. Yeah, I would have loved to CPU mine and have a million coins. Face it, I would have spent them on pizza. Let me go back to why I'm here. Bitcoin is fun. Do I want to make money? Yes of course. Big exchanges set up. Dice games are made. Check. Early miners game is long gone. Asic makers are the only ones making money. Now what can I bring to the table? Can I do any of the previously mentioned things better? Maybe. Can I come up with something to make Bitcoin better that everyone needs? I hope so. I won't be rich because I got here first. It's my turn to make something big based on what I know and what I learn. If you have no skills and want to make it big just go buy a $2 powerball ticket and stay in mom's basement. You'll never get there. But watch. I will.

You are not alone SeanArce. I think almost everyday of it how lifechanging it would be to look in my Client and see some 3to4figures of BTC.

These words of cheer in that Thread really helped me a lot and hopefully you too.

Thanks Guys!

I can tell you now, it's harder to have had them and lost them than never to have had them at all.... Less than 6 months ago I had over 500btc (today valued at $500,000).

Now THAT is depressing...

Maybe it will crash and you'll be able to buy low again.

Another sob thread? This must be first world problems.

lol - correct.   ;D

Or maybe not , if he is depressed right now , imagine how he will be at 10k/btc.
With only 10 mils addresses with even a few satoshi in them we can easily call everybody on board early adopter.
Early adopter doesn't imply shitloads of money.

i am depressed that i did not get rich for doing nothing. if only i had the foresight to see something big, i would have the foresight to see something big.

If i could only travel back in time....and when you do you mess up the future so bad it ends even worse for you. :)

Seriously, anyone believes this? I have read in forums some guys mined bitcoin just for fun back in the day, and they are NEETs without any education, but they happened to mine a shit load and maybe buy some weed on Silk Road or what not. So you are saying that some high school dropouts that mined bitcoins for weed when you could get a ton per day, will be richer than Bill Gates in the future? Let's get some perspective on there. Im tempted to buy one at current price because im scared that supossed "correction" these crystal ball armchair economists are predicting never happens and it goes straight up to 2, 3.. 4K.. but saying this will be worth 1+ million dollar in the future puts a lot of random clueless people into the 1% powerful elite right there with the Bielderberg Grup. Think about it, will the powers that be allow for this to happen? Sure, you can say no one believed this would be 1000 back in the day, but to achieve 1MM, means no other software comes and surpases Bitcoin, nothing against it happens, no crashes (if it crashes, the credibility will be 0 because it isn't backed by the entire US economy and US military, as opposed to the dollar) and so on and so on.
I hope im wrong and people that manage to buy now 1 BTC will be very wealthy in the future, but im afraid we missed this boat a year ago. Oh, and what decides what purchasing power 1BTC has? If it needs other FIATs like USD and EUR as reference, then what would happen in an scenareo were other FIATs collapse? what stablished the purchasing power of 1BTC? I still need a reply on that one.

Why did humans create alcohol and cigars?  :D

Pair it against silver, gold etc?

well before you say "it won't be worth $1 million," you have to factor what the future value of $1 million is. if many people on this forum are right, we are set to see hyperinflation very soon, as in the next 5-10 years. a big mac might cost you $100, and an ounce of gold might run you $100k due to all this money printing we see.

if by $1 million in the present value of the dollar.. yeah, that's way too far from where we are to predict.

BTC -> dollar in the next 5-10 years will probably not be as good an indicator as BTC -> gold

But if such thing happen, how is people going to even survive? I dont think salaries are going up anytime soon, so how can a BigMac cost 100$  in the next 5 years without society collapsing?

Well we don't know. That is an issue. If society collapses in 5-10 years.

There will only be 21 Million bitcoins.... rememeber that!

Why? Early adopters had to do with the pain of dealing of buying cheap things at a higher prices: $25 pizza use to cost 10k BTC, now you can get a $25 pizza for 25 mBTC (if I get the conversions right). Now they're keeping the currency afloat so we can benefit at exchanging items at a lower cost. Bitcoin was never about being the richest.

There is still time for altcoins. You can turn 100$ into 10 000$ which is more than enough.

Maybe BTC will worth far more in a few years than it does now so you could still profit from it which would mean it's still not too late to invest.
At this moment investing in altcoins doesn't seem like a bad idea either ;)

Hope you can become an early adopter of litecoin, this opportunity has presented itself recently.
More coins are waiting on the sidelines to present more opportunities.

exactly, but youd need to act soon, litecoins have gone from $3 to $45 in the last few weeks, thats before it even gets supported by a major exchange, imagine where it will go when btcchina and mtgox add it.

Im not pumping litecoin, i own both BTC and LTC and want both to succeed.

Good luck  ;)

i sold my btc stash at 125$, something i regret doing so very much, I also had a large wallet of ltc which i sold.

I bought back into btc at 600euros, I purchased 1.5, not to be greedy like I was before when I sold all i had, I have decided its better to be back on the train with a little of btc than nothing, with this I now have 1.5btc that could be very valuable in the future if bitcoin continues to take off,

my advice is now, if you have some money to spare, get back on the train and be happy you are back on the train, how would you feel if btc did really reach 100k or even more in the future, that I would find that very hard to deal with knowing I should have at least got back on the train  with a little when its was sub 1000.

I did feel sick with depression watching btc go back up, but trust me when you get back on the train with even 1 btc, that feeling goes away and you can be more at ease knowing you still got a chance.

My advice - get into Litecoin trading if you want a lot of upside. Personally, I don't think LTC offers anything significant over BTC, but there is a perception that LTC is to BTC what silver is to gold. With that, one can easily say that LTC has not moved up nearly enough to keep up with the BTC rise. And you can buy a lot of LTC right now.

My play…. move BTC from CampBX to BTC-e, trade the BTC for LTC and send it to my cold LTC wallet and let it sit. I don't trust BTC-e site enough to leave anything funds there. Just my opinion. CampBX seems to be the safest bet since it is in the US (and only 2 hours from where I live).

Current gold to silver ratio is around 63, so LTC might actually look a bit overvalued at its price of 0.04 BTC right now (mildly speaking)...

That may be true, but the ratio between LTC and BTC has increased greatly - and the perception I speak has been true even when BTC was trading near the $100 price and LTC at $3. It's all speculation…. but I think LTC will ride on the coattails of BTC.

If BTC continues rising then the ratio should increase too, thereby making investment in LTC less profitable versus BTC investment. There is a higher speculative element to the BTC price which renders it more volatile than LTC...

huh, don't you mean the inverse? LTC is more speculative. i am now confused.

It is pretty easy to find out. These coins have positive correlation as far as I know, meaning their prices change in unison, i.e. in one direction at the same time. So if the prices grow (for both BTC and LTC) and the ratio increases, that means the numerator (BTC) is more speculative (its price grows faster even in relative terms) than the denominator (LTC) and vice versa...

that makes no sense to me.. you are assuming that BTC and LTC have the same level of infrastructure/support, which is not true at all. if the two had the same level of upside/downside and infrastructure, then you could chalk it to speculation.. but that's just not the case.

You may think as you please really. I'm not assuming anything, everything I do boils down to comparing relative dynamics of two prices. You just have to agree that the price of Bitcoin is more volatile...

is it more volatile? i know last saturday LTC was trading at $9 and now it's $38.. and there is less reason to believe in LTC than there is in BTC.

I'm not tracing LTC, it may actually turn out that LTC is more volatile, but the logic of what I said still holds true.  Though it was you who said that the ratio between LTC and BTC has increased greatly, I was talking about BTC to LTC ratio (which is logical) and assumed this ratio had grown...

I'll wait for LTC to hit 0.1, if it ever does. Then I'd be satisfied.

You can stay satisfied all the way up while it climbs to 0.1, and then some, why wait for some round number :)

I'm in the process of using some money to play around and build up assets. I keep the original amount and buy into LTC, FTC, and PPC so far.

I'm still kicking myself in the ass though for selling the 12BTC at $200 just a few weeks ago. /sigh

I always wish I had bought a lot more rather than dipping my toes, and I certainly had the means to considering that it was pretty cheap when I joined (I'm probably significantly older than most of the Bitcoin community as I came around late '10). Trust me, the best thing to do now is see what you can do now rather than mourning the past, gotta move on and live life.

Don't miss the Litecoin boat , buy and hold for years .

Buy a bitcoin today and you will be an early adopter. :)

I am depressed that I was actually an early adopter but wasn't strong willed enough to NOT be persuaded by skeptics to ditch BTC at the time, skeptics always had existed and at the time watching a video about an (educated) Yale/Harvard economics dumbass could easily convince me (a bit of little me - big me dilemma there) to ditch the whole Bitcoin thing.

I guess other early adopters that gave Bitcoin support deserve every penny they made, if they don't then who does deserves the payment for their contribution to humanity? Politicians? Police? Startup SEOs? All their roles are far more minor than those of early adopters.

Maybe if you plan on holding onto them for long.

Maybe you can create an alternative coin and make lots of money when they appreciated

Ah man I was an early adopter but I spent now millions worth of BTC already. Was having trouble even affording socks this summer. But had lots of fun along the way and there's more cool stuff to do. Bitcoin is not even 1% yet of its potential.

So you're saying that the potential is over $100 000?

Now, that's what I call an optimistic attitude :) Spent millions and no socks, haha, and you seem to still love life. OP, take a look at this dude, that's who you should learn from.

LTC is dropping last couple days. Correction?

-26% in the last 24hours and going down.

In hindsight, you can always blame yourself for not having made a decision or done something.
Just try to make a well thought trough decision. Do not blame yourself for it afterwards.

Some people are obviously changing horses while it is not too late...

There goes my money, damn you LTC.

Like a popular song from Justin Bieber sings: never say never brother  :D

Kill it, kill it with fire.

There can be only one. And it appears that LTC is not that one...

Wow, you guys are so fast to jump to conclusions, just wait it out till Monday, LTC was 2x cheaper than now only a week ago. It'll be back up before you can blink.

Then again it might go back to that price. Went to 0.028 today hmm.

Many people were not early adopters :P

 I had 2 btc I bought for $12 but sold them for $20.  :-[

I've been here since early 2011. Started from the bottom now I'm here. I loved the GPU mining days.

as crazy as it sounds. you might be an early adopter.

"If you moved just 1% of the cash balances from off shore tax haven bank accounts, which currently hold estimated 30 trillion dollars of value, if you move just 1% of that into bitcoin you are looking at 2.8 million dollars per bitcoin" -trace mayer

Hmm not true. If at this present moment we have market capitalization $12 Trillion, Then one Bitcoin is going to worth $1 Mil.

1% of $30 Trillion is $300 Billion. If the market capitalization is $300 Billion then one Bitcoin's worth now will be  $25000 not $2.8 milion like you said.

So we need $12 Trillion fresh money flow into Bitcoin. Certainly possible! Within 4-5 years from now. Who knows maybe even 3-4 years.

Those days are right now, just not for bitcoin.

I agree somewhat for new mining starters, like me, that's why i just got a new powercolor GPU.

I mined 50/day using cpu in like 2011 and i was like ehh and quit. came back crying with gpus in 2012.

You chose a poor brand.

I think that it's exactly this depression that pushes people towards the altcoins. They just want to feel super early adopters  :-[

Where is suicide cOin

I've never really understood the popularity of altcoins.  You're suggesting that some people would rather be very early adopters of a silly idea than somewhat later early adopters of a good idea?

I guess that makes some sense.  I've noticed that news organizations are usually more concerned with reporting the news fast than accurately.  Is this another manifestation of that same tendency to value speed over quality?

But what happens when they eventually realize that they got it wrong?  Don't they wind up even more depressed?  Journalists don't even seem to notice their own track record of bad reporting.  Are their memories really that bad?

Most people in the world primarily use one currency, whichever one is in most widespread use where they live.  Our challenge is to switch everyone over to using a new currency, a job that is made harder by the fact that banks and the socialists running our governments oppose us.  Altcoins are nothing more than an annoying distraction from our job.  We're not going to convince people to use dozens of different currencies.  That's just silly.

Why don't people think this through?  

LOL at this thread... if you bought bitcoins on the day you posted this you could have seen a lot of gains by now. Stop crying cuz you don't have a time machine and buy as much as you can now.

You do realize that there are altcoin that provide quite better features than bitcoin, right?
Silly ideas, pf.

Do you actually think the OP is still crying over spilt milk the chances lost then? I haven't seen him here for a while...
Maybe, he is rolling with laughter reading our lachrymose confessions here, who knows?

Isn't that what people against bitcoin were saying for bitcoins during the early days?

i got into this btc thingy

i was mining with a ring of 4 cards for a while, then md burned then 2 cards burned then i got to service stores etc and eventually sold them.

i had 200 btc then. i found a job in another country and before moving i sold them all for $11 each making me almost break even.

how do u think i feel now?  ::)

You are an early adopter. How many people do you know who have Bitcoins? When everyone has it like with Facebook that is when you should be depressed.

That will probably be next year.

But the question is whether they will be interested in Bitcoin at all when they finally happen to find out about it...

If they are any smart, yet. If they are the average ignorant Joe, maybe not, then again some of us have to be zombies.

Even now you are still an early adopter. You just have to wait a few years like most of us to see the ROI.

If they are smart (and have spare money in their budget at that) then they have probably already found out, so I wouldn't say it is super early...

For LTC mining?

Any suggestions? Its still in the box

poor.  :(

Bro, I was around when they were $3 a coin.  I knew damn well bitcoins would top $100,000.  I could have $100,000, $200,000, maybe $500,000 dollars right now.  I could have been getting a nice house in California, a new r6, m3, guitars.  I would probably have enough coin to single handedly fund the million person concert I wish to organize.

But I don't, because I was too busy buying drugs off the road and enjoying life.  Too busy growing as a soul and learning money doesn't make people happy, people make people happy.

Part of me has felt bad upon the realization of my financial irresponsibility, and then part of me is quite satisfied with how I spent my time with my friends.

It does not matter.  It was not my purpose to be loaded throughout life, I believe my purpose is to unite humanity and money is a big obstacle hindering that.

Money complicates life.  The happiest times of my life were when I did not give a damn about money and focused completely on enjoying the moment.

One of these days, people will learn that money doesn't make the world go round, money doesn't bring happiness or world peace, but we do.

One of these days every last coin will lose all value after people decide to evolve and do things for themselves and for each other.

You're on the right path to life if you don't have any money, you'll be well prepared for what's to come.

Well that's the question isn't it, will Bitcoin turn out to be the Facebook, or the MySpace?. Time will tell...

No need to feel depressed.

When it was announced on slashdot for example the difficulty started to go up.

One had a few days to mine some coins is my guess.

After that the gpus took over.

You escaped from overheat/pc death, that's worth something too ! ;)

I whould have killed my pc every time for a chance to mine before the asic shitstorm

and how would one invest in bitcoin based ventures and businesses ? especially for the little guy without a million plus. that is the question

Through crowdfunding?

If bitcoin reaches 10 000$, we're early adopters.

I think it will :) And I feel myself early adopted buying at $100