Bitcoin Forum

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Better yet, don't be that guy six months from now laying awake in bed at night asking himself if he should sell what's left of his bitcoin stash for $200 each or hold on, hope for the best, and go down with the ship if necessary.

I first heard of Bitcoin at around $3 and laughed that it was some sort of scam..

In hindsight I now know I should have threw a hundred dollars at it and prayed that it become something.
Although we haven't missed the boat per say.. We certainly missed the easy money train many of the earlier adopters boarded.

Nailed it.

Idiots do not deserve to make money

..and I'm not sure most people outside of Japan would have either.  Send large sums of money via wire transfer to a flaky fly-by-night exchange (Mt.Gox) known for buggy crashes and system outages?  No thanks! _{(And now we know how that played out)}

Calm down dude, nobody is afraid here, we are just trying to rebuy cheaper.

So what's the catalyst for the next bubble? In spring 2013, rumors that it was being used as a hedge during the Cyprus "bail in" was enough to trigger a rally. This gave speculators the impression that bitcoin was just about to become a legitimate alternate currency.

Then in the fall of 2013, we had another rally due to interest from China and the US Senate hearing. This added further legitimacy, because it seemed as if the US government was acknowledging bitcoin as a real thing, and for the first time people were taking notice outside of the Western world. Right on the heels of this came some serious merchant adoption, which fueled even more confidence in the potential.

So now what? We've already seen that further merchant adoption doesn't have much effect on the price. What do you think will come next to boost hope in bitcoin?

It doesn't feel like it's sinking. Look at the massive amounts of money being pumped in to adoption. Once that's done, the money will get pumped in to BTC for the ride up. I've bought with every spare cent I have. from $850 down to $400. I didn't buy enough at $4. I didn't buy enough at $120. I'm buying anything I can now. Keep panic selling, and I'll keep buying.

Lol .. that wasnt that hard... even in this forum there ware plenty of ways to get bitcoin even free.. i entered into this in 2013 i dint have the chance but if i had been here in 2012 or 2013 i would have made several bitcoins and not touching mt gox.. bitcoins was used to be given free or for completing some tasks.. or even you could have mined it with your cpu

I still have serious doubts whether citizens of third world countries will be hedging against their government issued currencies with bitcoin. Especially given the lackluster performance of it this year. For an average person living in a mud hut or run down apartment in a poor country, it seems much more likely that they'd invest in a "stable" asset such as gold or foreign currencies such as the dollar or euro.

I know that's not a popular view here, but I just don't see poor people putting their money into something that can drop in value so quickly, as we've seen this week.

Remittance... maybe... one day. But for now it's still too difficult and risky to buy the bitcoin, send it, and then have family overseas cash it out. There's still a lot of work to be done in this area.

i feel super bullish somehow, hope we gonna see this price range for 1-2 more days so i can buy  :)

Make money? You mean profit in FIAT?
Then you are likeminded as 99% in bitcoin  8)

Just buy low and sell the crap high to some retard believing in it. Works great till now. 50-100x increase in fiat without doing much. Just buy, wait for the bubble and sell high.

Hindsight! I heard about Bitcoin in 2012 sometime when it was around $3. I thought it was cool and I even calculated how many I could mine with a Radeon 4870 (an old video card that hashed at a whopping 100Mh) which was like $5 a month or BTC1.3... not even enough to offset the power. Today you could live off that amount in many places. Ultimately I decided it wasn't worth the trouble and told myself I'd come back to it. Never did until early 2013.

But yeah back then it seemed very risky. You either mined them or sent money to a shady exchange. Both a risky venture. There wasn't the wealth of information available to learn about it, either, and nobody accepted it as payment. So for newcomers there wasn't much reason to invest: Not much information to go on, the community was very small and very nerdy, and the media treated it like a ponzi.

You just said you want to make one million dollars in bitcoin


This is the problem with Bitcoin. Yes, cool technology, but it's mostly people trying to make it big then cash out. How can this ever become a real currency, if constantly needs being compared with FIAT currencies to decide the purchasing power of BTC, and BTC/FIAT equivalence is always going up and down? what kind of currency is this?

Back in the day when it fluctuated between 2 and 10 dollars, I couldn't bring myself to buy a lot of coin for fear it would just plummet the next day, I did a lot of day trading, a 30 percent swing a couple times a day happened a lot. I had a little extra money and knew bitcoin would one day go up substantially, but that still didn't convince me to buy thousands of coins. I actually cashed out most of my day trading coins but luckily kept all the coins i mined and purchased a bitcoin worth of litecoin (when bitcoin was 10 bucks, that bought me about 2k litecoins).

Trust me, there are many many of us that "wished I would have bought more bitcoins" or better yet, not sold them when I didn't need to. But, it is what it is, and we should all be grateful for the coins that we do have.

The cost has changed, but the other posters are correct. It takes guts and nerve to invest into something so speculative, but the payoff is huge..(if it works out)

wtf? all currencies are compared to other currencies. ever heard of the term currency pairs? how else do people come up with a value they understand? hey how much is a chinese yuan worth? about 5.5 euro, well how much is that worth? 8 dollars WELL HOW MUCH IS THAT WORTH?! .4 ounces of silver? 2/3s of 1% of an ounce of gold? explain how to decide the purchasing power or value of an asset WITHOUT comparing it to an amount of currency or other assets.

This pull back might be a good opportunity for anyone to load up.

I agree, they are at cheap price now

Slowly decreasing markets aren't good for human minds. They hate it! But that is how the adoptions circles of Bitcoin work!

That is also why people rather play martingale themself, than being on the bank side of things ;)

Will put the last money I can afford to get without selling personal stuff or rationalilizing food or not paying bills(around 200 bucks or so), then I will can say I will be all in.

Allea jacta est

Come on people, let's get this misconception cleared up once and for all.

Bitcoin is not denominated in dollars. In my country the denomination is kroner and I trade in euro. I deal in four different currencies when dealing with bitcoin.

Money is also not the same as fiat. Money is what we use to buy stuff with. Fiat and bitcoin are two different kinds of money. And both are "real" whatever that means.

None of this is difficult.

I call bag holder who is a poor planner.

You are seriously stupid. Go for it. Go all in. Take out some leverage... as much as you can. Just go for it. Clearly, the last dump didn't clear out all of the idiots... I guess we have to go lower.

My point of view is almost the same as yours, buy now the most you can afford because we will soon see a new rally.

Up 5% on the week, now... disappointed I am not more so. My balls are massive. You are simply just a moron who likes to lose money and is spamming the hell out of the discussion board with cheerleader rants, insults for anybody who isn't as stupid as you are, and fantastical theories on what's going to happen.

For all of those who have a brain the size of a regular human, let this jacka-- be the cannon fodder... watch for 525 and 495... really, it's pretty easy... you receive 5% just for patience. It's f---ing magical.

$2000 is actually pretty close. 5% is $100. I have $100 more than I had yesterday. You may have more than me to start with, but I am pretty sure you don't have $100 more to start with.

Also, since when did starting cash become a measure of how good a trader you are? Are you telling me that somebody who inherited a million dollars and lost 75% of it is a better trader than somebody who starts with $100 and doubles it? I am not really understanding your logic. Please do explain.

Why ARE you talking to him?

Ebay news... that is something that should turn the price, soon.

Yes. It's a start though. Moreover, the article is posted as Ebay and Bitcoin in talks... considering most will only read the headline, it is a huge moment in BTC adoption.

This is how eBay will accept bitcoin. BrainTree is how people use paypal to pay for things on ebay. The difference is merely that of corporate subsidiaries as they are one and the same.

Again, I think people selling at this time are simply hedging their risks. If they are at least somewhat worried about the future of Bitcoin and its price, it may be prudent not actually being "all in" at the moment. But selling all your stash may also become one of your biggest mistakes! Sleep over it!

Calm down guys, we are all jokes compared to early adopters.

Only 0.01% of the world uses Bitcoin atm at a price around $500-$600.

What woud youre friends calling you when Bitcoin users are at 10%  :D

Anyone who claims they know anything about the price (if it will go down or up) please provide your detailed TECHNICAL AND FUNDAMENTAL analysis that would support your claim OR shut the f*** up like the stupid gambler/speculator you are.

This goes both for bulls and bears!

And only 0.001% of the world owns a Virtual Boy. There's so much potential upside... I'm going all in!

Yeah Doug Stanhope is fucking great, an American guy first showed me some of his stand-up, I was like "Is this Bill Hicks' apprentice or something??" Then I was stoked when he started to do sections on Charlie Brooker's "ScreenWipe/NewsWipe" shows... they're both cynical geniuses.

OT, I guess most of us wish we had bought more when it was cheaper, but hindsight is a bitch - may as well take the risk innit...


https://www.youtube.com/watch?v=Wo29_EjE-1Q (https://www.youtube.com/watch?v=Wo29_EjE-1Q)