Bitcoin Forum

Thank you weak hands!

Yep I have 5% of my net worth sat waiting - i will pull the trigger when the bearishness starts to engulf even me :)

The prevailing conventional wisdom of 90% of the forum posters is that we retest low 300's or even lower. We all know how often the forum gets it right on the big calls.

Hold for 8-10 years, billionaire. Congrats

You, sir, won the game.

50 BTC you go girl!!!  :)

P.S. Why no pump?!?

Man actually :). Added them to exising XXXX BTCs...

XXXX BTC rocks :)

50 is quite a chunk these days. Is there any particular news that triggered your buy or did we just hit a price you like?

Gambler by nature :)

congratulations, in a few months you can buy double for the same amount of real money

Well I think your a good gambler then. I'd favor your odds over blackjack, and blackjack is your best chance against the house.
-cheers

You know as much as we do, nothing.

:P if all goes well and prices jump back to $500 you will make $2.5K :D

He is definitely a John Snow.

Hope you are right.  I just inherited some fiat.  Thinking to buy Porsche 911 Cabrio...  Unfortunately winter is coming.  So fiat will wait for spring or for really cheap bitcoins. 

Win - win!

goo job ... i wish i had enough money to buy that much btc and add it to my 0.25 btc

You bought too early, bitcoin is still ridiculously overpriced. $450 for a single bitcoin? Gimme a break, anything above $50-100 is a total madness.

I know.  I bought first of them way below your recommended price.... TWO years ago :)  Now I am just highing average price. 

Life is beautiful.

Nice buy, in few weeks you will double them :)

Grats and I think it was a wise investment if you thinking long term! I wish I had that kind of money...

I was rather late to the game, just wished I was here and knew what BTC was a year earlier, I would be well off .

prices now @ $448 ouch

Don't be pessimistic,  also I could be pessimistic,  because was not in game when BTC was below 1 USD. You have BTC and that is most important thing.  Just hold.  

...and still dropping, it's incredible, this was totally unexpected from me.

>Buying in bear market
>Buying with no technical analysis
Wow, you are really dumb, OP. Fool and his gold are soon to be parted.

@ask, may I just ask  :)

You say you have xxxx BTC but in your signature you are asking for donations? :)

You don't need donations ...

I know others who need donation for some projects, when you say you have thousands and you still need some donations? :)

I don't get it.

Kind regards.

I've seen quite a few people from 2010-2011 that likely have 3-digit, if not 4-digit, holdings. They have donation addresses. Why not? BTC is great: here's my address -- like what you see? Instantly send me a tip. ;D

Of course @roslinpl you may ask :).

I decided that every bitcoin which will be donated to me will be stored for some time (max 3 years) and later donated to people who will need money in my local environment (old people, homeless, ill people). Of course you have no garanty that I will do this,  but I will. Let's say that XXXX BTC are the garanty, that I will do what I promissed.

Live is beautiful.

50 btc is a nice investment, I would want to make that buy too but I can't afford it.

I think your timing is good. This might be the bottom. If it's not, then we will have a small capitulation.

Update...

Update...

Well, how do you feel now, idiot?

You should be more polite. I feel great!

Don't feel insulted :) I'm quite positive, he's just pissed that he invested at some time in November 2013 and is telling himself that Bitcoin is over.

Hehe. I don't understand why are people so angry if I am buying bitcoins and adding them to the current bucket. Are they jealous? It is like collecting stamps. And they should be happy because I will hold them longer that 1 year. So there will be less supply on market because of me. :)

Personally I think you made a great decision. Sure the price may keep dropping but its still a great time to buy if youre in it for the long term. I bought most of my BTC at this price back in April and if it drops down into the 300s I'll buy some more.

Lol, so deluded. Enjoy losing it all, dumb fuck.

Lying to yourself won't make the price go up.

What happened, price just drop by to $430.

I checked out the address in your signature here https://blockchain.info/address/19cuxysiteetqQs2mj3kjgxvYvwoc71z3e

Here's the summary

No. Transactions   139   

Total Received   478.15831534 BTC   

Final Balance   0.00170769 BTC

That's a lot of money you intend to donate to charity!

I'm not a bear troll at all, but I feel you will have the opportunity to buy more in the coming days/weeks. BTC may need to test close to the old ATH. It always has and it seems the dips into the 300s weren't enough.

You sound like you can't afford even one even at the current prices. If I were you, I'd start looking for a job that paid something, instead of hanging around the boards, dumbass.

LOL, I bought when it was sub100. I'm not stupid enough to buy at these prices and especially average down.

Jesus, who pissed in your shoe?

ITT:  OP brags about his ruinous financial decisions.  Others point fingers and laugh.

Long term guys, long term :)

OP is actually averaging up, if you didn't read his posts. I too bought both at $5 and at $500 and I find both prices very attractive, don't know what you mean by "these". But I do like the amount of senseless panic on these forums for every 10% dip. Keep it up, it means alot! :)

Yeah, add another smily, maybe that will make you feel more confident.

"B-b-but m-m-muh long term-m-m" - fools and fool money. Long term is stable price of $10. Enjoy your financial ruin. LOL!

10% dip? Try 60%! Bitcoin was once worth $1200. Would love to see looks on those idiots prices who bought back then.

Why do you care so much how other people invest ? Your account should get banned.

Edit: I just went through Sevveros history and it looks that his acc is bought, i just couldnt believe someone puts that much anger into other people decisions. Before august he was posting a lot in german threads, since august he is mostly trolling in the speculation forum with a very bad attitude. Just put him on ignore and report him to a moderator.

Ignored. Not that I was paying attention to him before.  :-*

Some people just don't get it.

Ostrich burying head in sand lol
Ignoring me won't make the price go up

An ignore per day keeps the troll(s) away.

Update guys :)

Prices at $435 im worried now .....

Great job Ask ! I am waiting a little longer, if it drops under 400$ -> all-in. :)

Thx Wexlike! 70k$ are still waiting to be spent :) I will start buying at 405.

http://s3.postimg.org/4afupzz5r/Capture.jpg

So... in an hour or two?   :)

edit: Or less?

http://s18.postimg.org/w3dm187v9/Capture.jpg

edit:

http://s12.postimg.org/rciqssvyh/Capture.jpg

edit:  You almost ready, OP?

http://s30.postimg.org/mr150f20t/Capture.jpg

OP prepare to pay 70k$ to feed the sellers.
Also, 30$ drop = 3000$ net loss.
Nice loss for 2 days  ;)
also, stop braging about your money  ;)

By that logic, bitcoin was once worth $10. So we are now at the tip of a 4,000% rise! Come celebrate with the idiots who bought back then. Oh yes, those idiots also had the balls to live through a 90% reduction in the fiat value of their bitcoin holdings without crying out loud on the forums. So the recipe for success is very simple. Either have the balls and trust in bitcoin and see later if your trust is substantiated, or don't have either and panic and lose all and I don't really give a shit what happens after you are done trolling here - you should not be here in the first place if you think bitcoin is done for.

Really, take your fiat leftovers and go study stock markets or look for a bottom in a bottle. No? The fact that you stick to crying out here is the clear indicator that you have some interest, probably a leveraged short or some other hopeless position like that. So I congratulate you on your todays profit! Good luck and don't be too greedy :)

Nothing more to add. Thx piramida! People should return to the basis. If they don't "belive" in bitcoin why are they spending their time here instead doing something more productive/important with their live...

Well that's easy, they're too incompetent or stupid.  Sitting in a chair hammering away on the keyboard is the only "skill" they have.

If this board was called "Cult of Bitcoin," you'd have a point.  It's not.  It's called "Speculation."
We are here because we trade Bitcoin.  We buy it when it's cheap, and, when the prices rise, we sell it to the likes of you.
This requires zero faith in Bitcoin.

As for myself, I believe in Bitcoin.  What I don't believe in is paying too much for it, which is what you're bragging about in this thread.  

Could not resist... added 10 more :)

When was the last time you sold?

I sold some at 1100 and 800 and buying all the way below 600. This is a great entry point for long-term play, even though nobody can guess the short term bottom.

https://bitcointalk.org/index.php?topic=667105.msg7846509#msg7846509

https://i.imgur.com/cjkUVXC.jpg

10 + 80 = 90

Tell me how ironic is that.

Woow , congratulation ! This  type of news is very very good for all the bitcoiners ;) .

I apology to you guy_wonderful, because my buying was faster than typing...

And there is something new: +10  BTC... It is borring now...

I went to post in your thread but the thread was deleted before I finished posting.

Did you have second thoughts about how foolish it was and delete it yourself or did Blitz simply put out the garbage?

Don't like smilies? Maybe you'd prefer a good old-fashioned LOLOLOL

That was reasonable.  (You didn't go all-fiat, did you?)
This time, not so much.

Oh, and as guy_wonderful pointed out: stop being such a lying piece of crap :D

http://s7.postimg.org/3oosqo87v/Capture.jpg

he isnt lying for sure.
he started this thread when he bought 50 btc and then he edited when he bought more.

I dont said that he lying! :>
btw, funny smile face.


no problem. :P I just could not resist.

Hey Sevvero,

I see you started another troll thread and it was deleted after one reply.

LOLOLOL hahahahaha  :) ;) :D ;D 8)

My apologies.  In that case, he simply can't math.

http://s22.postimg.org/5ulm7xlqp/Capture.jpg

Edit:  http://s16.postimg.org/os9u0qkyt/Capture.jpg :(

BTC prices $408 !!!

That what made me LOL, OP already admited that's typo. I knew that. Therfore this is IRONIC.

by the way op, thank you for buying my coins at 450$, very kind of you  ::)

You are welcome. As I see you are "newbie", so you need some positive experience.

Life is beautiful!

His positive experience will be relatively short because you took his cheap coins :)

Well i might be a "newbie" on this forum, but you seem to be a "newbie" in money management.
Also, you said you are a gambler by nature, which is a terrible way of investing.

Also, YOU are the weak hand because you don't dare cuting your loss. Weak hands are not only the one who panicly sell, they are also the one that don't cut their loss in time.

Deal with it bro  8)

disclaimer: im pro bitcoin but im okay with a lower price

The best song for this windy times :

https://www.youtube.com/watch?v=n4RjJKxsamQ (https://www.youtube.com/watch?v=n4RjJKxsamQ)

Song won't make your dumb choice any smarter. You just lost money like a total fool. And it will only get worse.

Oh quit being an asshole. You dont know the future any better than he does. If he loses, that's unfortunate - but we have yet to see that. Want to come back in 6 months if the price is still not above $450 and insult him? Go ahead. But right now? No.

I know the future, because I know the right people. I told you what will happen, exactly that happened. Today. You can check my post history and how it correlated to price drop. I know when whales are selling. I'm insulting him, because he is a stubborn moron refusing to listen. Oh well, it's his money lost, not mine.

I lost more than that on Gox.. I think if he can throw that kind of money around, 50BTC isnt that much to him.
A broken clock is right twice a day.

$400 will show support. Whales to move in.

Yep and a trollbear is right once per year :)

Except I was right all day and not 2x a day.

But you will ignore that.

Inconvenient truth.

I have connections with the whales. I'm not speaking out of my ass.

Sevvero here I must say that you are lying. I don't know you :)

I had a glance at your post history. I am now naked in a corner, shaking and smearing my own excrement on myself. ::)

3 hours ago you mentioned whales will sell. Guess what? That was after the price already took a dive.  ::)

Come back in a week or in a few days.

How about next time you have magical insider info, you give it before it already happened.

You do know that 12 hours ago I predicted about 10k of market sells and a bottom of ~$400? Yeah, that happened. Who is the prophet now? 

Oh wait, I actually said.. I am a bear and think the price will continue dropping. But, by your logic, I said all of the above.

Big difference.

Thank you guys!

60% dip? Try 40,000% increase! Bitcoin was once worth $1.

cherry picking figures, lol.

You just cherry picked that bullshit yourself. Don't pretend there wasn't a raise and an INSANE drop. That drop will keep dropping. Enjoy your worthless money.

I already gave it today before it happened.

You are right I totally made it up!* Well spotted. A feat all the more astounding considering the amount of froth on your monitor. I think you need to adjust your orthopaedic hat, your stupid glands are showing.

then fucking leave your opinions mean nothing if you're not here to provide useful analysis then GTFO

I have FACTS. I know for a FACT that there is an upcoming huge selloff by whales that I personally know. What more do you need? TA means nothing in this environment. It's not a common stock. Insider trading or go home.

OP you are doing good, keep going on. You still have $ ammo?

Facts are derived from proof, and so far you don't have any.  Produce a signed message from a whale wallet and we'll believe you.  Don't, and you're just another ding-dong with a microphone.

Ammo is ready,  but price is not.  I am thinking what should I do: buying at there prices or  waiting 4 drop.

In my opinion this is a good price to buy and I've bought a couple coins.

I would advise you not to dump all your $ toilet papers yet but keep a decent percentage to buy if the price goes even lower.

I don't think we will go much lower than this but $340 will probably be held.

If there are signs of a rally forming (no bull-traps) you probably want to invest the rest of your $ toilet papers.

And as always don't invest what you can't afford to lose :)

I don't trust everything that I read about bitcoin's prices; however, one post on a blackhat forum made a comment in February (8th, I believe) that BTC will go down to the mid 200 to 300 range. I think the prices were about 7-800 then.

Of course it's all speculation, but it's pretty close and it's one that I've fancied in particular.

yeah about three million posts here made the same suggestion. reaaaaly hard to make, you like need to look at the price history for one second.

lmao

https://i.imgur.com/7eQLzCM.png

I am thinking now where are all loud "shorts" now. Are they still in bed? It is 7:38 AM here in Europe. Time to wake up & start trading.

Update added +10

on which exchange are you?

fud. correct your mistakes in the text

OP, now that we went below 400 and you finally blew your wad like you promised you would, got any other stunts left to entertain us?

Jp: bought +10 at 405.xx

OP, that price just keeps getting better and better...  Back to 300s.
You should hit the craps tables and make some more buy money :)

How do you feel now, dumb OP?
Ready for 2XX?

Feel great. Money is waiting to buy more. Next buy @390USD

OP, you might wanna erase this topic. People are laughing at you.

Or report the abusers to the moderator.  ;D  ;D

My average price is 437 USD now for 140 BTC. I am feeling great.

Good for you :)

I would sing a song for you:

Hey, me just meet you,
This is craaaaazy,
But you've got Bitcoins,
So share it maybe :D

Hehe  https://www.youtube.com/watch?v=-qTIGg3I5y8 (https://www.youtube.com/watch?v=-qTIGg3I5y8)

http://www.airracertest.ugu.pl/share.jpg (https://www.youtube.com/watch?v=-qTIGg3I5y8)

Regards.

How great will you feel when we hit 300 and 200, respectively? Will you still consider a $437 coin "cheap"?

 ;D  ;D  ;D

There are plenty worthless Bitcoins there. People are affraid of buying them now. In 1 month they will fight for them at much higher prices.

Fear -> Greed, Greed -> Fear

Those who are afraid to buy now are stupid.

We haven't got lower price from May 2014.

Buy buy buy if you can :)

I will buy a popcorn :)

Nice.  Let's see...  You've only lost (437-393)*140= $6160 in three days.
Pricier than banging hookers and speedballs, but cheaper than some other stuff I could think of.
Keep it up, OP, you're doing great!

 (whoops, the price fell to 386 while I was typing, but too lazy to edit :-\ )

Wrong!

I still have them, so nothing is lost. I am sure that I will sell them with big profit.

Actually I only added them to my bucket of XXXX BTCs, highing average price  8). Actually I am thinking to move 1/4 of XXXX to Bitfinex to buy with leverage, unfortunatelly my Armory is not in sync and it will take some time. Hopefully this evening you will see the result.

Delusional sheep. Keep holding your rotting worthless shit. I wouldn't put my head out of house because of this shame.

Learn about unrealised losses you noob!

Like a boss :D

Bro, I hope ur just trolling, 'coz ur understanding of finance is no better than your English.

I'm sure people laughed at those who bought at $80, $70 and $60 on the way down from $266

I'm waiting with buying till price drops down around 300$

I hope that you will get some. My personal advice: If this is your first time buying, split money into 3 transactions. Spend first third now, second at 350 and last at 300. Of course it is your decision...

I don't think we will reach 300.

So indeed this is good advice to "buy now" some, and from me advice to buy now as much as you can.

:)

Update: +20

Averaging down is generally frowned upon as it implies buying into a falling price. But i think with bitcoin it is worth the risk. Ignore the jealous trolls - they will disappear over the coming months as the price miraculously recovers :) (wondering why they didn't buy at this level)

General rules in the stock market:  Wait for it to settle.  You can't catch the bottom.  Don't catch a falling knife.  Don't average down.

https://i.imgur.com/AJ6RTV0.jpg

Not gonna happen, buy as much as BTC you can or you're gonna miss the train next week. Mark my word, BTC will go back up to $800 - $900 by december this year due to christmas hype

Nice to see that i'm in good company.

120 coins in the last 6 hours....... and i'm spent.

Update: +40 BTC

Yeah, proof for 200 in your wallet pls;)

Prices @ $399

You say you buy cheap coins
but you bought at 435$ on average

If you say 435$ is cheap considering 400$ current price, you mistake the word cheap with Overpriced.

Ask, gamblers like you that are bragging are making the bitcoin community looks bad.
Ask, you'd better stop talking now.  ;)

7k $ net loss for the OP given the information he brags about.

But now I have bitcoins,  and other have my worthless toilet paper ($). So simple.

I think you are making a very good decision, OP.

What I find fascinating is the vehemence with which people are attacking your posts.  They seem to be taking it personally.

The arguments are generally pretty unsophisticated...such as wait for the absolute bottom and buy then instead of averaging in (as though markets gave clear signals: "THIS IS THEEEE BOTTOM!  BUY NOW!"  Or, better yet, the guy harping about unrealized losses who has engaged in hilarious name-calling in other threads.  Apparently he has never tried to buy a cup of coffee with unrealized gains, or he would understand a little better.

I mean, was your time horizon 48 hours?  If so, I guess they can judge you now.  Otherwise, the final tally will come at a (likely much) later date.  My prediction is that you will be smiling in the end.

Hard for me to imagine what motivates people to react with such vehemence, though. 

Thanks vuduchyld.  I belive in bitcoin,  and therefore my decissions sometimes look crazy. Bottom line where  we should all agree is:

IT IS MY MONEY.

My horizon is put everything in bitcoin.  So far I am doing well.

Many may dislike braggadocio.  Some might believe OP to be dishonest.  Others, such as myself, find that, more often than not, those choosing to make their finances public are just brokeass faggots.

That help?

Don't forget that blockchain is public.  My  initial idea was to test forum with only one post,  but later after angry envy  response,  this  became a game.

I doubt its your money, more likely your parents money.  ;)
if it was yours, you would not throw it away like you do now.

Bahahahahahahahahahahahahahahahahahahahahahaha!!!

OP, you have no money.  You also never knew anyone who does, or you'd realize ur being a lolcow and skulk off.
Isn't there some vidya you'd rather be playing now?

http://s29.postimg.org/u68ixegpz/twi.gif

Dont worry OP. Broke trolls be trolling

interesting to see how people react on this.
the only reason i can see here is that the current high degree of uncertainty drives people into a state between panic and much envy, the 'just in case he is right' version.

@ask - if your buys are real i wish you good luck and if not, thx for trigger and revealing this interesting insight into some peoples mind.

@NotLambchop - it is true, that we non native speaker having an accent while writing and speaking but i can assure you we don't have one
when thinking and since we are at this now, i don't know about @ask but i can confirm to speak 4 languages, more or less perfect...and you...bro?

:D
Wow!  And how girthy is ur dick?

Anyhow, don't be upset!  Here, have a kitten :)

https://i.imgur.com/95XfcjO.gif

My tolerance to the btc risk is at its top. If btc were to drop sub 300, i might pick up a few, while im not broke, I just cant bring myself to invest more. There is still a risk, ya know. Im sure youll do well, op..

@NotLambchop - perfect! result as expected, a reduced kitty lover. have fun.  ;D

Keep up the good job, if i would have so much money to spend, i would buy buy BTC without stop.
These are just jelly people, that can not afford to invest anymore or broke, who is not buying right now.

Congratulations to you as you're on your way to become more rich than you already are. If you have a spare one, throw at me if you like :D

Addy is in my profile  ;)

Good morning guys.  Update: +20 BTC

it's going back up. you entered at just the right timing you lucky son

Are you sure? I am not,  because now wish I would bought all of them around $385. But nobody is perfect... I am Nobody :)

in December price will be 900$! Congrats!

Hope it would me more :(. Bitcoin is really a shitty investment.

there is no safe investment's! But true is that BTC give you ability to doble your earnings or loosing in short terms )))))

Just reached break-even point.

This guy is nothing, in the last day I've bought 300K BTC, which is more volume than all of the exchanges combined. I also have big bags of money right here with dollar signs on to buy up everything else. :o

Update: +80 BTC.  Finished with buying.

So you just casually threw $100k at bitcoin?

A wise decision.

Only way I can throw 100k at bitcoin is if I win the fucking lottery

Actually ~ 120k of shitty USD fiat.

Assuming a minimum 30k per bitcoin in future prices (I believe it will happen)

300btcx30K USD valuation = 9 million usd future valuation

Congrats on your fortune.

Us lowly peons have to scramble about just to maybe scrape up 20 or 30 btc... LOL

IF BTC crashes ull lose a lot :??? invested only what you can loose i presume

BTC already crashed...  from $1100.

if i had several million laying around my house i'd do just the same.

Sadly, i don't

Don't be sad.  Bitcoin will rise.  Simply buy it.  Optimize your costs.  And in couple of years you will start enjoying your life with no worries.

Congrats for more coins!

If I win the lottery, I'd dump 50% fiat for bitcoins.

Grats, I believe that was a very nice timing :) Wish I spent less fiat at $500 to have more to buy now. Still, dollar average for my coins is just around $50, so there's still room to move that up to at least 200 once fiat is available.

Thx,  piramida.  Time will show if I was right.

what the point of buying 300 bitcoins when 3600 bitcoins are dumped everyday by miners ?
also, considering a lower price, miners have to sell more bitcoin to pay their cost

you do all wrong : you invest in a bear market, you place all your money in one investment, you try to catch a bottom.

but of course, there are people in this thread that think bitcoin is a get-rich-quick-magically-with-no-effort thing.

also what you call shitty fiat doesnt lose 10% of its value in 1 week.
the only thing that looks like Venezuela dollar right now is Bitcoin, not american dollar.
Get real

I'm sick and tired of these dumb arguments about miners dumping coins every day.
Where is your solid evidence? Have you even mined any coin before?

This has to be the most regurgitated argument ever.
a) if mining was that profitable why on earth are you not doing it?
b) why does everyone always assume mining hardware is for free? You need to add the cost of the hardware which makes it less profitable than just calculating energy costs!
c) why would you "dump" coins? to pay for electricity? If my mining operation consumed 100% of my earnings in electricity why would I even bother unless I am speculating in which case I would NOT dump coins
d) miners can and do speculate. I am actually guessing a lot of miners are holding back all or at least a large portion of their earnings.

now give them away ;D
(especially to me ;D )

Just kidding,

how much did you pay?

Why would you like to have bitcoins if they are worth $0? :)

No proof - we can assume this is bullshit in the internet world.

Yes I also agree that OP is bullshit. Only one thing can't go out of my mind. Where the heck are >$120k. :D :D

Bitcoin = 0 $    , yes  ::) .

It is impossibile to bitcoin to reach 0$ of value ,   all the actual miners must to be turn off their actual miner hardware ( almost impossible ).

Of course it is possible. You should believe in Santa Claus :)

If someone hacks the core secuirity fundementals of BTC it can go to $0.
However the technology has been keeping the internet secure for years.

No more mining = no more transaction ... but it isn't  possible to turn off all the asic miner .



Ps: Santa Claus ;D .




I don't think .. it is almost impossibile ( at the moment to hack/violate the bitcoin protocol ).

Today I bought 3k BTC (+12k before = 15k in 4 days) Finished

3k μBTC... That was a lot, congrats dude, you will be a new rich soon :)

We're in a very long term bear market, and have broken through pretty big historical supports, so it's natural the bear trolls are in full swing. But to be fair I do regularly see bulls that quite angrily defend holding through/buying into a bear market. Trolling aside, I think it's proper risk management to wait for a higher time frame trend break (or at least a deeply oversold panic selloff) to buy. Averaging into a bear market is simply bad risk management, IMO.

Grats man. You had quite an amount of capital to invest there and you may have bought at the bottom (hoepfully :D  )

This is not actually true. When Satochi first starting mining in 2009, the bitcoin he was mining effectively had no value. The same was true when others were mining up until the point there was actually a market for trading bitcoin. The point of this is that mining does not give bitcoin it's value (it gives bitcoin it's security)

The market for bitcoin is what gives it it's value

In general, market price is based on production cost. As long as there is a cost, there are some corresponding value put into production, then the value is baselined

You are rich.

Market price can be lower than the production cost. What happens then is that production facilities close down - think of non-functional gold mines.

One thing everyone seems to be forgetting:  BTC production cost can't be compared to widget production cost.  BTC production cost can be as high as it is now or as low as $0, without changing the rate of BTC "production."

The same number of bitcoins will be mined if there are just two guys mining them on their laptops as when all the industrial mines are burning all of the world's electricity mining them.  The block reward doesn't change.

How fast would the difficulty drop if almost everyone stopped mining them?

Close to never?

I'm just trolling, I think the OP is trying to manipulate the market with this topic, why would he create this topic otherwise?

You can check my blockchain addres and its history. And then you will change your mind who is trolling...   ;)

Difficulty is adjusted every 2016 blocks, so if a ridiculously high percentage of mines shut down at once (ridiculously improbable), the remaining couple of miners would have to mine at the current difficulty until 2016 blocks are mined.  That's why Roadstress said "never."

Your account is relatively new, so assuming the question is real.

https://en.bitcoin.it/wiki/Difficulty

@ask:  Post your addy.

Updated.

https://i.imgur.com/NQHKSVE.gif

...and still not believing you.

He posted his address...

Perhaps I'm overlooking something, but I don't see what it shows to demonstrate that these coins have been bought.

As long as I recieve my monthly paycheck I'll buy at least 1 BTC if the price stays as good (low). Gotta take advantage of these last chances.

millionaire in 6 months, congratulations.  :)

You must be one of the dumbest mf's here. You don't lose shit unless you sell for less than you bought. Trying to nail the bottom is a fools game, as is trying to nail the top.
Holy Jebus you are a f-tard.

Because he did not post anything. And inca is just part of the scam.

Cheap coins again..  nom,  nom,  nom

I'm digging my heels in right now as well, but on a completely different scale.

Yes of course  ::) , you're  crazy  :P !  And tomorrow how much bitcoin  will you buy ?

At what point do you intend selling? What is your exit strategy?
Next dead cat bounce? 1000? 100k? Or hold forever and spend bitcoins instead fiat?

Do you mean this address 19cuxysiteetqQs2mj3kjgxvYvwoc71z3e in your signature?

http://s30.postimg.org/87qyzmtj5/buy.png

This bitcoin block explorer link shows the last payment into this address was on 2014-09-12, and you only started this thread afterwards on September 17.

https://blockchain.info/address/19cuxysiteetqQs2mj3kjgxvYvwoc71z3e

There is no exit strategy currently. 

ok ask you gotta stop buying now you're beginning to be a bad influence imma have to start taking a loan to buy bitcoins now cos i'm already broke buying.

I wonder if it was a good idea for the Op to publicize he has 500 btcs and post the (perhaps, it's his) address.

I hope he has a strong bitcointalk and email password. I'm also hoping he didn't use the same email from btctalk and any exchange.

Waiting for the "bought a bazillion more coins today at 397, now average is like 398!"  ;D

Price just dipped to $390, strong hand is selling also?

Bought at $10, $8, $5 - sold at $30
Bought at $50, $43 - sold at $230
Bought at $480, $420, $400, $390 - will sell at ???

Spoiler: Buy low and sell high.

come on buddy. buy 500 more with your strong hand.

vleisidis, zerlan and the rest of the scammer need your cash...

smart idea? or not?

I was wrong.  :)

SELL NOW!   DOOM DAYS ARE COMING...

Finally some truth.

Yes,  bitcoin wil go to 0... Or less  ???

Woah thats unexpected prices @ $389 atm

5000btc is a good amount - x10 of your current one!

Good luck with your investing!!

You just ruined your credibility.

Nobody would buy 500 BTC and dump it a few weeks later.

This thread is getting to a point that I don't believe OP anymore.

Inb4 "Today I bought another 600BTC (+4850 before = 5450 total)

Just hold. If this is too hard for you, then sell.  OP is not lying, I am still full in.

Are you planning on buying another 2000 bitcoins today to add to the total in the title?

he has 5 bitcoins... not more...

No money left.

Prove it.

https://blockchain.info/address/19cuxysiteetqQs2mj3kjgxvYvwoc71z3e

long time ago 500 lol....

atm 0.00170768 BTC

stupid idiot... tell the people to buy more... moron

gee why would anyone move their tens of thousands of dollars worth of coins out of the address they posted for the world to try and hack. makes more sense that he's a liar right? about as much sense as listening to a clown with a stupid name like giorgio.

smart guy? how can you hack a wallet with a btc adress? idiot...

200k $ in btc and then this???

Don't hesitate.  Donate!

19cuxysiteetqQs2mj3kjgxvYvwoc71z3e

lol

Any updates?
They're even cheaper now, did you buy more?

I did. Does that count?

just hope he don't sell at 500-600, because if everyone who buy now from weak hands sell at +100-200 dollars, we have done nothing

This night I had a BAD dream. Thinking to sell today...

Any suggestions?

Invest in DOGE and you will be safe!


Took you almost 2 weeks to lose faith. Not bad

Hehe, investing in CAT is better option ;)

Sell at 200.
Help us to move to 50. I saw you like to buy at bear market :D

Hey stupid. How does it feel being a dumb clown for buying tulips?

Don't you worry child. I am feeling great, it is Friday and after all I converted worthless fiat into bitcoins.

FYI: I believe that you heard about http://www.investopedia.com/articles/stocks/08/average-down-dollar-cost-average.asp (http://www.investopedia.com/articles/stocks/08/average-down-dollar-cost-average.asp)

It is really nice to see that the biggest country on the world - Russia - has almost no influence on bitcoin...

You can lie to us, but you cannot lie to yourself.

Averaging down is #1 financial mistake for the fools.

Keep telling feel good stories to yourself, that won't make you less of a joke in eyes of normal people.

Still waiting on the fiat transfer to exchange. Dollar cost average is working nicely.

How much money have you lost so far this year, compared to a strategy of selling up on Jan 1 and sticking the money in a savings account?

It will continue "working nicely" as Bitcoin prices tank.
You can't lose!

Good job explaining that to your friends and family.

"It's called dollar down averaging, you basically lose all of your money!"

LOL, what a clown!

I would ban you..

i can't believe you influence your investment choices from having a nightmare!
how did you get all that money in the first place im wondering.

lucky for you to not listen to a nightmare though.

good luck. fiat is definitely fucked up.

Why? I like him because he is so angry seeing bitcoin rolling down.

https://i.imgur.com/GsMmi8K.jpg

It's that moment that every bitcoin speculator has experienced this year.

First, "Thanks for the cheap coins, weak hands!"

And soon becomes, "I haven't actually lost anything yet, because I haven't sold! Holding for next rally!"

 :D :D

Enjoy those bitcoin bags everyone. They must be getting pretty heavy.

A small minority with short positions trying to create as much FUD as possible.

Keep your eye on the big picture.

What you call "trolling" is called "pointing out the obvious" to any rational person. Bitcoin is going down, and I'm just trying to warn those who will listen, just as I've been doing for several months when I sold my stash at $600.

They outnumber the 'regular' posters on this thread 3-1. They are just here to encourage sellers in people who aren't sure they can hold on. Manipulative losers who don't have two pennies to rub together. :)

I didn't do dollar cost average last year, because it was mainly going up trend. Majority of this year is down trend, especially past few weeks, dollar cost average makes more sense. I started buying from lower 600s all the way to now. Total only few coins as that's what I can afford to lose.

I don't get the afford to lose comments. Unless you live in Russia or are borrowing from a drug lord, you can afford to lose every penny you invest in bitcoin. Nobody dies because they go broke, they only die when they jump out the window. So don't jump out the window.

Dollar cost averaging is an inferior trading strategy. You only need to be wrong one time on one particular asset type to be broke without proper risk controlled.


If the down trend don't stop, expect to see btc trading at below $200 in a month or two when panic selling and margin call get hit.

I agree that dollar cost averaging is inferior, however, it's very time consuming to watch the market. I'd like to know if there is a better strategy to gain coins in this long term down trend (not spend too much time). TIA!

Try the reverse. It is called trend trading and set up proper parameter to close your position (long or short) when the price reverse up to certain percentage (depend on your risk).

You only need to be right one time with this method to make a butt load of money.

you are well welcomed  :)

Could you post some links where we can learn more about trend trading please?

These absurd low prices makes made me nervous.  If will buy more on Sunday, aditional 100 BTC between 300-350 $. 

Anyone who is selling now is complete IDIOT.

The fear in your text isclear, Ask. Youve lost a lot of money, and you feel you must throw more good money after bad.
your losses are starting to look painful

Of course.  Please sell. And don't forget that I still  have worthless  bitcoins  :)

there is nothing to show this is the bottom, so why  should i buy ?

there is no blood on streets yet

so i am "complete IDIOT" , i sold 400 at $350   (coins from early 2013 )

i am a believer so buying (back) at $350 or $450 (or $200)  is the same for me  ( i will buy back later)

but now i feel much better, earlier it was so frustrating that despite of the good news the price is keep going down, but now perhaps i can accumulate more coins

until you and others call me and other sellers idiot and weak hands nothing will change and the price will go down

I seriously doubt anyone who doesn't understand market have access to that much capital.

This new patch of buying mean you will have a total of 700 btc?

What is your exit plan?

He doesn't talk about BTC, he is talking about microBTC (not mini).

Not quite worthless.
Just worth ~$40 less than same time yesterday.
And ~$150 less than when you started this thread.
 :)

And worth a lot more than what it was 2 years ago. :)

+1 (or very good at picking a bottom)

What does two year ago have to do with this thread?

Picking some more up tomorrow too - do it Ask!!   keep increasing your holdings brother (it's the only way to negate price volatility)

Where do you get all the fiat to be able to spend 100 BTC? Considering it's an extremely risky thing to do right now because we have no idea when will panic seling stop.....

Buying at $450, $400, $350, $300 etc... doesn't make much sense to me. But maybe that's just my style. I'd wait a little bit to see if I could get a better cost average and spread it out a bit more. At least if it keeps crashing, you're going to end up with a much better average buy in the long run. And if it doesn't, reverses, and begins a new up trend (which it probably won't any time soon), you've made good buys anyway.

This market has not even began it's long sideways accumulation period yet. There's plenty of time to get in at good prices if BTC will reach ATHs again one day.

$275
Time to buy more :)

I might actually buy 10 coins at $200 for giggle and laugh.

Still no proof = bullshit.

Also, first he buys 600 btc, then he asks for donations o_O

Update...

325 was my "on the fence" price.

I jumped into bitcoin in March this year and it was kissing 400 something when I bought first. I think it was 490 or around there when I bought my first one. I bought a bit more over the next couple months and sold off when it was in the 600s and started dropping...cashed out, bought a sweet laptop and had pocket change left over. I set 300 as the buy back in price when I saw the overall downward trend. I didn't buy down though.

By the time this weekend's Wall happened I decided to make up the difference to one single coin off what I had left after cashing out. Right now it stands at a whopping 1btc and change. I am still a long term sort at heart overall so want some to hold, and other to spend, and other to play with...but truth be told, I'm somewhat still feeling it's going to drop into the 200s and there will be a big panic sell off, which would be when I actually jump back in with a substantial amount and buy as far down as it goes.

I just don't feel comfortable yet saying bitcoin has seen the bottom. It all has this sense of waiting on the other shoe to drop and then the way will become clear. It's just not now because it's sticking at 330s. If it was going up, it'd be into 400s by now without question. It doesn't have enough juice to get there but so far nobody's freaking out and selling off...

I see the bigger picture. I see bitcoin being a true game changer. I see industries overhauling their financial services platforms to incorporate bitcoin or even paying employees with it. I see corporations accommodating it. Bitcoin isn't going anywhere but up barring a mega crisis, but one that happens will impact more than just bitcoin. I fully believe and anticipate bitcoins long term value to be orders of magnitude higher than 300 bucks a pop or even 600. I think it's going UP and we'll play the daily swings and fluctuations, crashes and rallies until that happens.

I'm in for the duration.

I'm definitely buying back in if it hits below 300s into 200s or down...and will go ahead and jump in at 425 because, IMO, if it gets to that, it's on its way up.

You are just like most... Buying at 300 or lower. You guys are just doing this to lower your cost average since you're in too deep! Point is this is what EVERYONE else is doing... How do you expect to make money in a market when you're just another sheep following the herd? Good luck to you all

Try reading what he posted next time. And just for the record, buying in a bear market is going against the herd.

SHE.

I'm a woman...must I whip out the boobies?

Why does everyone keep referring to me as he?  ;D

But as for following the herd, I'm not worried about the herd. I PREFER to buy more bitcoin at lower prices than fewer bitcoin at higher prices.

I also sense there's something else about to happen and it'll drop some more and then comes a panic sell off. I want to buy that. If it doesn't happen and stays in this range awhile, so be it. I'll pick up more up to 425.

It's not a big failure to just wait it out a week to see what happens next before I make a move. I know exactly what *my* bottom is and what my max is (600) before I stop buying full btc and just go with partials.

The answer to your question is I'm not out to "make money in this market" because I'm not a market trader. I'm a shopper.

Boobies, remember?  ;D

 :-X

OP still hasnt shown any proof as far as I can tell.

Not that I don't believe you, but proof of this 700BTC would be amazing.

Didn't someone bring up an address showing these transactions a few pages back? I actually did (mostly) read through the whole thread. Could've sworn I saw a post about the transactions and it was 480 something?

K, I skimmed.

His address was empty and had no transactions since september if were talking about the same thing

May be. Just to be fair, if I had 700 bitcoins, I'd probably be on here telling everybody who'd listen, it'd be so cool. I still get little girl tingles over one bitcoin.  ;D

Buy the time you had  couple of hundred, you probably wouldn't.

you don't really expect that dude to make sense do you inca? were sheep following the herd cuz we buy when everyones panic selling lol thats rich.

He is just trolling because he is leveraged short and wants the market to go down. We are on opposing sides :)

Sorry serenities. I haven't met or knowingly discussed bitcoin with a single lady online until know. My bad.

All good.

She divorced.  ;D

I don't know how you guys even knew that, that was weird... Regardless, everyone has stopped panic selling a while ago? Fishing for a bottom is what the herd is doing even to this very second

Then I'm definitely not part of the herd (never have been, really...) Was attempting to kick off a thread game in OT but Vod just crushed all my dreams of fun, merriment, and win. So eh.  :)

Would be good to update us on your total cost and cost/BTC. Congrats, a healthy stash. :)

I wonder what his wallet ID is, thats how we would know, This guy is probably full of shit & down a lot of money..

I have not looked at the last few pages, but 700 btc is not exactly a small amount, I am having a hard time believing OP.

Why? He has at least one post from July talking about how he's selling 200BTC at the time:



And some posts from summer 2013 noting that he was buying.

Good work, ask!

NOBODY, and I mean NOBODY times each bottom and each top perfectly.

My feeling is that you've done a damn good job of exercising patience and restraint and you've likely put yourself in good position moving forward.

Haterz gonna hate.
Trollerz gonna troll.

It's just life on the internet, man.  You done good. 

I agree. At current levels that is worth ~$210,000 and anyone with that kind of money is unlikely IMO to be buying that much of an asset in that manner, nor would I expect them to brag about how much money they have as that creates a huge security risk

I know a guy who spent half a million dollars on an online in-browser game - for virtual items, just to be able to brag. And I'm sure he's not the craziest out there. Investing in a revolutionary asset at at an extremely attractive price and then bragging a little without disclosing any personal details? More than believable.

Because he bought nothing, I checked the thread, no proof posted.

But the idiots are happy...

lol, you can see proof in charts.  It does not matter if "ask" bought or not ... somebody bought.

So please do it for me and post the link.  8)

What is this proof of?

And as an aside, why would someone with 700+btc bother asking for donations in his signature. This smells of the harbour, gents. IMO

You went margin long on bitfinex or what is this?

Anyone can create an html file that looks like bitfinex and take screenshot.

Once you start hoarding, there is no stopping. Well done sir.

Who would hold BTC1000 online in a hot wallet ?!?

Reading all the comments i think you lying....can u donate 10 btc to this forum i think it's not a big amount for u.....

you just casually buy $100 000 worth of bitcoin?


Sadly i don't have that kind of money.