Bitcoin Forum

No, this isn't related to the Bitcoinica hack. The hack just makes the choices obvious and straightforward.

I, Zhou Tong (Zhou is my surname), will discontinue all involvement in Bitcoin-related projects after the Bitcoinica incident has been fully resolved until further notice.

I always believe in Bitcoin, or simply anything that brings people financial liberty. I have heavily invested in Bitcoin (I purchased one 1,000 BTC gold coin from Casascius and will keep it for as long as I can). And I have enjoyed what I have done for the Bitcoin community.

Really, thank you for all the wonderful support. It feels great to have an experimental project become the "best thing since sliced bread", and run one of the most profitable businesses in a new economy. Bitcoinica has a total historical revenue equivalent to about 0.67% of the whole Bitcoin economy. Not even Apple can match this record in the real world economies.

The first time I read about Bitcoin was in late 2010. My first reaction was "these coins are cheap, maybe it just doesn't work". I learned about Bitcoin again in mid 2011, when the first bubble started. I bought my first Bitcoin when it fell to $8. I told all my close friends and classmates about Bitcoin, simply because I think it's a cool idea. The idea of a margin trading platform quickly went into my mind, and I started working on Bitcoinica.

I lied about the time it took to build Bitcoinica. (I said I spent one week on it.) I started on September 4, 2011 and launched on September 9, 2011. Just four and half days. In a week, trading volume passed one million dollars. I started making profits like crazy.

In November, an investor approached me to acquire Bitcoinica. Due to regulatory concerns, I agreed to the deal and signed the agreement. Bitcoinica was sold for a good price. However, since the investor is unable to arrange for a replacement team, I continued to become the sole operator until Team Intersango took over two weeks ago. The investor let me keep all profits until late January, the official handover time. After handover, he continued to offer generous salary and performance bonus every month. The investor demands his identity to be protected so I won't share more information on this.

I left school in Singapore and decided to continue my education in Australia. I made the decision because of the Internet industry, and the hacker culture. I'm a web developer and I want to become a really good one. I want to work with smart hackers and wonderful designers to change the world. Singapore isn't particularly good at this. (Obviously, US West Coast should be a better choice, but for some other reasons I didn't consider US.)

I have started working on another project (not Bitcoin-related) that is going to make a little difference on the Internet. So far I have achieved great progress and I'm pretty confident about this new venture.

My life hasn't changed much except that I became more confident after Bitcoinica's success. I realized that I have the power to make something profitable. Such kind of confidence is extremely hard to get, until you really experience a significant success. I worked on several projects before, and all of them failed eventually. I thought I was confident because I kept building new stuff and improving myself. But the real confidence comes from the success itself.

I failed at one thing though, that is generating value for the society. Bitcoinica did create a place for people to trade more efficiently and provide liquidity to the market. However, speculation is a zero-sum game (or negative-sum, strictly saying). I know there can be many justifications for Bitcoinica's value, but all of them are against my intuition and values.

With the confidence and the innate intuition to build wonderful things for a better world, I decided to move on. I didn't quit Bitcoinica because it's the only source of income that I currently have.

I know that my time is valuable and industry establishment is really important. I don't want my name to be remembered by only Bitcoiners. It's true that I believe in Bitcoin's potential, but not everyone believes. If I'm a influential person I wouldn't have to do this, but the best way to be known in the Internet industry is to build products that save people time, money and headaches.

I'm going to be a young entrepreneur that solves problems for everyone. I leave Bitcoin only because it doesn't help address my real needs. Making money isn't that important after all.

I'll be a Bitcoin lover forever, and I will come back to this forum regularly to discuss about the future that's in our own hands! I will keep the 1,000 BTC  gold coin as a lifetime investment and I'm pretty confident that it'll be the best investment ever in my life.

Bitcoin FTW!

You did a lot for Bitcoin man. I wish you best :)

You did create value for Bitcoin. Stability has been a real benefit.

+1

The shorting really kept the price in check. I am not sure how high we would have gone without it in our run to ~7.20, but I know we would be off far worse in the long run. Thanks for all your contributions in this community Zhou, and good luck. I wish you the best! :)

you did great work on bitcoinica. Im glad it worked for you and you got some money to help with your life and other ventures.

And what about the book you we're going to write on bitcoin ?

Make sure you settle all things before leaving Zhou or else people will not remember pleasantly about you, if you know what i mean.

Thanks Tong. After reading your full post I was literally touched.

Despite all distrusts and controversies among some people, you still did a great job. I believe that Bitcoinica actually reduced the price volatility instead of increasing it, I also in my whole heart believe that Bitcoinica is much much more than just a place for people to speculate. You devoted a lot to the community and deserve appreciation.

Please do make us know your next big project whenever it is out, even it is not Bitcoin-related. I wish you success in person, not just as a Bitcoiner. :)

I hope this post just means that Zhou's Bitcointalk.org account has been hacked.

Please don't leave us!

you can't leave Bitcoin ;)


Good luck kicking Facebook's ass!   ;p

Ok, I will tell you how it will be :)

During next 20 years you will be building Facebooks 2, Instagrams 3, Friendfinders 4 etc... All these projects will fail miserably... One day you will sit down and tell to yourself - "Oh my God, how stupid I was when I was 19 years old... I had everything - money, name, new technology and I blew it off for some stupid startups that next year nobody remembers of..."

Sure. I will work together with the rest of Bitcoinica team and make sure everyone is satisfied. This post is just my honest thought from my heart, not something meant to deny responsibility.

That's what Satoshi said.

Seriously though. Good luck with your studies. Yeah, finance is not something to spend your life on when you're young. There are many problems in the world that need solutions. Find and develop your talents. You've already proven to yourself that one person can make a difference.

Or he will build something never appeared before, something that will eventually make all of us be able to live 200 years and drive flying cars. Or he will come back and contribute more to Bitcoin after one year or two.

I think passion is the most important thing. I was very passionate about Bitcoin trading and that's why I achieved whatever I wanted.

To be honest, I believe that I was making easy money. Bitcoin economy is really a gold mine. But I find it not very challenging and exciting.

If I'm in my 30s, I wouldn't choose to leave. But I'm young. I want to experience something else that I'm passionate about, and possibly do something good for the world.

Dude! dont go man! you really have done such good stuff :'(

your a really smart kid and I wish you all the best. But come on man stick around. I know there are pricks on this forum that are just haters and call everything a scam but dont listen to them.  

+1

If zhoutong want to leave, good for him... Whatever he wants to do, may it be successful!

His heart is in the right place!

Good luck-- I share your view that coming up with better ways of playing zero-sum games is not the way to make the world a better place.

I apologize for doubting you and filing the legal complaint against your service a while ago. All the good karma to you dude, i'm sure you will need it like the rest of us.

Don't be a fool. It's not all or nothing in life. The older you get the more you realize that. Don't throw all away. You can stick to Bitcoin and do whatever you want at the same time.

Sometimes you gotta do what you gotta do, and there's no two ways about it.  :)

Good luck and best wishes man.

I'm a student at the moment and I can't do many things concurrently. (I hated working with a few American kids that came up with one project every week.)

I may go back to Bitcoin when it's accepted by mainstream users. I know this sounds harsh, as I'm supposed to be someone building the community instead of "enjoying the results". Again, I realized the importance of passion. It's like eating fruits, Apple tastes nice but sometimes I'm just passionate about strawberries.

Making bitcoin price more stable and providing liquidity for those who want to buy bitcoins is a zero-sum game?

Zhou,

I think you contributed more to Bitcoin than you know. Remember the recent Reuter's article Bitcoin, the City traders' anarchic new toy (http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401)? That story was re-brodcast by other new outlets like RT and HuffPo and seen by who knows how many new non-bitcoin people.

The journalist, researching largely on this forum, was looking for an angle to portray Bitcoin. I believe Bitcoinica, mentioned prominently in the article, largely influenced the positive coverage and gave Bitcoin credibility (look at the financial industry it already has!), so people could associate it with something other than Silk Road. That's big positive momentum IMO  :)

Thanks, and best of luck!

Good job & good luck.

+1

Thanks for the note Zhou, you will be missed. Bitcoin is better when you are involved.

All I can say that you don't see a shit beyond your nose... Anyway, thank you for Bitcoinica, we will remember it as something good.

PS. Right now I'm writing up new post how we will be shorting Bitcoins without Bitcoinica... stay tuned.

Bitcoinica was bought out by Intersango and is staying as far as I know?

Andrew, you miss the point. Sure it's nice to have money and be famous and have shiny toys.

But it's even more rewarding to ride the rollercoaster of life doing what you can with what you've got.

I hope bitcoinica continues to be successful without you.
非常感谢您
祝你好运

Yeah, maybe... when you are 19 years old... When you 30 years-old you don't need this... All you want to have opportunity and not be fool enough to blow it...

Obviously you will be well aware that there are fun, challenging problems to be solved with Bitcoin. Not all of which are zero-sum. In the past year your work has made the Bitcoin scene more interesting, more unpredictable, more vibrant. You've had one hell of a crash course in entrepreneurship. I look forward to seeing your name on Fast Company's "Most Creative People",  or TIME magazine's 100 list in some number of years. Best of luck. See you around.  :)

Wait, what? I spent 8 hours diggin' up shit on you, and now you're leaving. Dude, don't do this to me. I was goin' to nail your tiny Asian balls to the wall with what I found, albeit it was only an astroturfing feedback post on eBay. 8 hours of my life gone, down the drain, kaputski.

Seriously, what I did discover about you, the OP echoes volumes. You are a class act, and truly wish you well in whatever you desire to do in life. I do have one request though. Would you be so kind as to post here https://bitcointalk.org/index.php?topic=77535.0 as a going away present to the community?  ;)

Thank you for everything, Zhou Tong.

~Bruno~

Emotions are running high.
Like money, this forum can be cold and heartless.

You will be missed, but I believe you will be back.

Good luck and thank you.

Zhou, whatever you want to do, go for it!  HOWEVER, I want you to know that the community will welcome you back ANYTIME!

Enjoy school man, these are the best years of your life, party it up, get laid and make some life long friends!  Live it, we'll always be here!

Impressive realization for one so young.  Some waste their whole lives chasing that "shit beyond their nose."  ;)
But you'll do alright. I am sure we will be hearing from you again with your next project.  

Good luck in whatever you planning Zhou. Dont be a stranger and visit us sometimes.  :)
Good bye.

No regrets Zhou Tong!  You've done a great job.  I'm glad to hear Bitcoinica has helped you feel more confident - it's confidence well earned.

You'll be missed!  I think you've proven yourself a stand up guy.  Best of luck in whatever else you pursue from here out.

Good luck Zhou. Your contribution to Bitcoin won't be forgotten.

I've enjoyed most of the occupations I've applied myself to, but am happy that I shifted out of one and into another as I look back on things.  In my case the differences in the vocations have been huge, but that's a function of the relative freedom of mobility that I've enjoyed.

(Baring new info...) ~weex, Kenna, and now Zhou Tong are on my list of people who have earned some trust if there is a necessity to rely on 'trust' in the future.

You might want to check out the Zeitgeist Movement and the Venus Project. Groups of people who are really interested in technical solutions that help everyone!

Zhou Tong, I do wish you the best in the future for whatever projects and life actions that you decide to take up. I believe that you already have what it takes to persevere and are a soul that will do so until you are met with your (very deserved) yields. Though already mentioned, I'd just like to confirm that you have already carved yourself a little place in BitCoin history and into the community here. You will be missed and your presence will always be welcomed.

Good luck!!

--Blaztoize

Good luck buddy!!

Zhou! Your exit - This is a great loss for the entire community. I hope you are not pressured. What is really your own choice. Thank you for your work, good luck, we'll miss you!

Can't say I am a fan of bitcoinica but you were the right man in charge. your professional and consistently transparent way of handling things impressed me several times. Keep it up and I am sure you will succeed with your new ventures.

Well now I just feel bad about my poker coaching...

Thanks for your hard work in the Bitcoin community Zhou Tong!

Best luck, zhoutong!
Thanks for bitcoinica. Nevertheless, it was a well done job.

Lol  :D

The fact that this statement is coming from the 'lead developer' of Bitcoin does NOT make me feel good about the future of the Bitcoin project. Shows a complete ignorance of markets and economics. Epic epic epic fail. :(

The fact that Zhou thinks that such markets are a 'zero sum game' as well means that it is a good thing he is getting out. He doesn't even understand what he created. Sad.

Excuse me, Zhou. We haven't met, but I run StrikeSapphire. I think it's great the way you built your site from scratch, like I did with mine, and it's nice to hear you're happy to be moving on to bigger and better things.

But I want to know when we're getting back the $900-1000 or so that were in USD on your site. As a site owner myself, I feel a responsibility to my users to have several times their current funds on tap. While we run on dedicated servers, we don't keep a lot in our hot wallet; instead we rely on services like Bitcoinica where we trust we can keep our backup cash and fluidly move it in and out of BTC. And we pay a premium in transaction fees for that safety.

I think the priority here is getting money back to people. Period. There is no other conversation to be had before that happens. We would have had a lot more money with your site, but you never wrote back to me after I repeatedly requested confirmation of the verification docs I sent, which I assume are now compromised as well.

Right now, what I want to hear is that our USD is being returned to us, and specifically when and how it's being returned. Once that's done, I wish you the best and know you'll be successful in your next ventures. But this is not an appropriate time to look ahead, before you've made your customers whole.

Gavin,

Can you respond to this?

-Charlie

A lot of us share that view. Bitcoin, for unfortunate reasons, has attracted a good number of people who seem to believe that trading is a good way for people to "make money".

It doesn't make the world a better place. Not on Wall Street, not in Bitcoin. I'm somewhat surprised Zhou shared that view, and very pleasantly surprised that you do Gavin.

Zhou - I'm sure you'll go on to create awesome. Good luck!

Trading tools are essential to any currency and Bitcoin is no different.  If you think Bitcoin can be successful without efficient markets for trading Bitcoin, you are mistaken.  While the traders trying to trade market swings are certainly in competition with others trying to do the same, in the process they create deep, liquid and efficient markets for the rest of us trying to use Bitcoin to improve commerce.

P.S.  The only thing I regret about Bitcoinica is that there weren't a handful of others competing with them…I think there's no question they were making substantial profits for themselves simply because they were the only option available for leveraged trading…which shows there was demand for what they were offering and enabled them to command what, in my opinion, were very large spreads.

While I am not Gavin, and I do not believe that markets are a zero sum game, a lot of people do.

I believe they provide a service, whether that be hedging or liquidity or something else.  Services like bitcoinica provide financial infrastructure for the bitcoin economy.

That aside, the fact is that bitcoinica did not create any immediate benefit, just a transfer of coins between parties I can see that point of view.  Calling markets like bitcoinica a zero sum game is not a radical or even problematic viewpoint.  Its just not YOUR viewpoint.

That's your view, and you're entitled to have it. Just as I am entitled to disagree.

(I'm both old enough, educated enough and with enough job experience to consider my viewpoint well founded. I'm sure you are too.)

+1

But don't worry, bitcon doesn't need its developpers to understand economics to keep its value, as long as it keeps its original creator's properties (and it will).

Or maybe he understands it better than most. I suspect Gavin feels a bit like he's part of The Manhattan Project.

OK two things about trading:

-in a world where people are free, trading, ie voluntary exchange between two individuals, will naturally occurs. You may think it's a zero or even negative sum game, it's your right, but if you think it should be forbidden, then you think you know better than others, and you limit freedom of individuals. And i dare to say it's the root of the biggest evils of today's societies. (i don't develop it would take two pages)

-also, like others said it better, trading provides liquidity, which allow anyone to buy bitcoins instantly, at the best price (just think two seconds what would happen if there was no exchange places).

zhou tong, you are one exceptional person.

best wishes and thanks!

I'm not Gavin, of course, but I read Zhou Tong's original and Gavin's response and basically agreed.  Certainly I would not consider it a 'fail' of any sort, much less an 'epic epic epic' one.

It looked to me like Bitcoinica spent it's life as a gaggle of idiots trying to make money off one another.  It was 'zero sum' to the extent that some idiots succeeded and some failed but there was (arguably) not much influence outside of that environment.

There is a legitimate business use for futures markets and (probably somewhat less so) for forex-type markets, but with a few exceptions they did not appear in the little Bitcoinica world.

Don't get me wrong...I see nothing wrong with straight up gambling platforms and to the extent that I do, it's an easy choice for me to ignore them.  I also don't believe that Bitcoinica either helped or hurt the Bitcoin economy very much.  If I were putting a huge amount of effort into developing the platform and it was used in this manner, however, I am sure I would feel a bit demoralized and like I was wasting my time.  If that is a factor in Zhou Tong and Gavin's comments, I could certainly relate.

Wow, it only took two pages for it to devolve into Gavin-bashing and talk about economics. This has got to be a record ::)

And if you want my opinion on bitcoin finances being a zero-sum game... well it sure is when all your profits get stolen. ::)

Gavin is probably referring to his recent comment on bitcoin mining where bitcoin mining is a zero-sum game.  In an isolated system, however, anything in the closed environment is a zero sum game.  In fact, the entire universe itself is a zero-sum game because of always increasing entropy.

Zero sum games can be proven to be true in an isolated system.  However, it is possible that participants, variables, and other factors that interact on top of that isolated system could be greater than zero sum.  I believe that the platform of Bitcoinica could theoretically be proven to be zero sum, but beyond that closed environment is not zero sum and it something much, much greater.

I am sad to see Zhoutong leave since an opportunity like Bitcoinica/Bitcoin only comes once in a decade/century/millennium/aeon. 

"If you make yourself more than just a man, if you devote yourself to an ideal and if they can't stop you, you become something else entirely – a legend, Mister Wayne."

You could have been Batman.

Wow, 4.5 days to develop Bitcoinica into a usable platform.  I'm very impressed and wish I could build something so popular, so quickly.  Zhoutong's site was a key member of the early days of Bitcoin (we're still in the very early days, and hopefully not the last). 

Bitcoinica's demise may be another milestone on Bitcoin's overall journey downwards as it gains a reputation in the general media as a currency that's mired in frequent scandal.

I can't help but feel that this week's hack is the primary cause of his leaving Bitcoin.  Things are probably worse than they appear.  After three days we still can't see anything on bitcoinica.com.  Not even a splash page saying the site is down for maintenance.

If you're handy with RoR/Django/Flask or some other RAD framework, you can get a fully working non-trivial system in a weekend. The main difficulty would be having a very clear idea of what exactly you want to do. Mockups can be done in 1 or 2 days for sites that are not trivial at all.

Usually frameworks come with some example step-by-step tutorials you can go through in a matter of minutes or hours, typically blogs, wikis or simple forums.

But from a first workable solution to a polished back-end there can be a lot of work that shows very little superficial difference.

To put this bluntly, you will fail at everything you do from now until the day you die.
Consider yourself a cursed man.

Wow, hoo continues to carry on like a 13 year old girl trying to win a bitch fest. Threats of violence, random ventings of spleen, homophobia - check out a few posts and you'll see he has it all : https://bitcointalk.org/index.php?action=profile;u=43137;sa=showPosts


So ignore him ZT. And if you're ever in Sydney, look us up and say 'hi'.

so wtf is going on... is bitcoinca going back online monday or not?  am i missing any official announcement other than that blogpost a few days ago?

@organofcorti, without knowing what you wrote since I have you on ignore,
I am sure someone else can verify you are indeed breaking forum rules and harassing me,
consider yourself reported paedo.

edit, he is also a liar and culpable of slander.

et tu, brute. Get out and don't come back with your unfounded accusations.

Quote below so you can see what he said:


And I see you trying some SEO trickery with your sig, too bad it isn't actually going to work as well as you think it might.

2nd offense, if you continue harassing me I will contact the authorities.

Come get me, bastard.

Holy crap! Not the Internets Police!

hoo, just continue putting forum members on ignore. Eventually it will get to the point that you'll only see posts from people that can stand you. Or, more likely, you'll be alone.

hey organof sup with your blog, do you still make updates on it ?

Yep, just been sidetracked for the last month doing projects to earn cash. I'll get back to NPW once I have a few paying ventures under my belt.

18K+ BTC disappears.. and now he is gonna jump ship.. where the conspiracy theorists at? lol  ;D ;D ;D ;D

good luck Zhou :)

We need some of your "pron" dude on prop pools, think you could do it ? Will be throwing some coins your way for that to happen, same address right...

/off topic

silent thread watch mode...

Good move to make the formal announcement, evidently not everyone gathered that you were moving on notwithstanding it was the obvious course. It's encouraging to hear that you have perspective and ambition beyond bitcoin, your talent merits it.

Anyone who doesn't like it should kiss your ass, you did well.

Personally I think the bitcoin economy would be useless if the only thing going on is currency exchange.

A healthy bitcoin economy includes vendors and customers, everyday commerce.

I wish you the best, Zhou.

Bitcoin meets reality, there's plenty of it going around. Nothing particularly startling about the inevitable.

Tong, even though we've never talked before, and I've never used Bitcoinica (due to my current financial situation, but that's another story), I wish you the very best for the future. You're certainly making the right choice and I've been repeatedly impressed both by your ability to deliver and your values.   

By all means you are an entrepreneur.  God Speed!

you are a wise man to have realized these things sooner rather than later, and you have earned my respect.

too many people have made their fortunes providing products or services that are objectively useless or worse, glad you do not intend to join them.

I am not sure how there could even be a situation where the only thing going on was currency exchange. Even in the earliest days of Bitcoin when it wasn't being used for much of anything at all, people were still speculating on its future potential value. That is legitimate speculation and that is more than just currency exchange. I myself realized the potential value of Bitcoin early on and threw some money in at $1.44, saw it rocket it up to $30 and crash back down. I still have my original coins because I think Bitcoin has even more potential in the future.

But to go even further, even just straight up gambling is not a zero sum game. People gamble for a variety of reasons, but the bottom line is, they feel that on any given 'roll of the dice', risking their money at that point in time is worth it. Hence, even if Bitcoinica was straight up gambling (but I doubt that it was), it still wasn't a 'zero sum game' because the people involved thought that it was providing value to them at the particular time that they decided to use it.

As for a 'healthy' economy, I would personally like to see a lot of those things, but maybe the economy won't include much of those things. Perhaps Bitcoin will turn into some digital form of gold hoarding where people just buy them up to stash away some hidden wealth for a period of time. Who knows? In any event, no aspect of the Bitcoin economy, or really any economy is a 'zero sum game' as far as I can tell. People derive value from all kinds of crazy places, and if they are happy, that has all kinds of positive secondary effects.

Two BTWs:

1. Besides the 1,000 BTC coin, I'm also keeping 130 shares of GIGAMINING and 160 shares of BITBOND on GLBSE to support Bitcoin mining. I'm not planning to cash out any time soon.

2. I'm still waiting for my Bitcoin magazine.

lol

Did you not retain any share in bitcoinica? It would have been a useful way of keeping an interest in the company while enabling you to detatch from anything related to the daily running of it.

I have to say, this really is total fail.

Voluntary trade is absolutely not a zero-sum game.  Everyone benefits.  And, in the real economy, efficient and complex trade requires price stability, something that Bitcoin didn't have before Bitcoinica.  Stabilizing the Bitcoin price is a huge accomplishment.  It builds a foundation for the creation of immense value going forward.  I have no doubt that this will become a textbook example of speculation working for the benefit of an entire economy, as it should in a truly free market.  I almost can't even imagine what would make you think otherwise.

It's amazing to me the number of people in this community who joined what Satoshi billed as a "decentralized currency," only to completely fail to understand what that meant.

This isn't an investment.  It isn't a payment processing network.  It isn't a ponzi scheme.  It's an economy.  And, granted, right now it's an economy built on drugs and knick-knacks and web services.  That's okay.  Rome wasn't built in a day.  Tides turn slowly.  There are milestones that must be reached before Bitcoin can become what it was intended to be.  And, granted, Bitcoin is different things to different people.  That's fine too.  But, really, I would expect a much broader view to be expressed by some of the people most responsible for Bitcoin's success.

Because that's what I see in the Bitcoin economy right now, success.  It might not feel like it.  The price isn't shooting up spectacularly.  Mining is more difficult than it used to be.  There is little innovative new software development.  Bitcoin services are under attack.  But believe me, it's there.  It's in the 10,000 BTC loan recently fulfilled.  It's in the solidly stable value despite 30%+ inflation.  It's in the immense network difficulty and the delivery of FPGA mining cards.  It's in the total resiliency of Bitcoin in the face of immense public and government scrutiny, while still challenging an immoral and corrupt fiat currency regime that has failed the world.

Bitcoin is clearly an idea whose time has come.  I know that backlash is growing.  I know that obstacles remain.  But don't give up before seeing it happen.  Every day that Bitcoin exists, it succeeds.

I could choose to but I didn't. There is regulatory risk and I want to avoid it as much as possible.

Don't forget to check in with us in the future and tell us how much poons you are getting in university!! ahha.  Smart kid.

That's wise and understandable but if I were an investor I'd be worried about that. Surprised you managed to get a good deal anyway. Probably some people in the new board feel duped right now.

OTOH, once waters settle and there is a new implementation made and running with you completely out of the picture, if someone claims damages for any decision or failure that happened during your tenure, the new owners won't have any qualms in shifting blame towards you. That's the downside of having no long-term involvement. So be sure to settle any complaint from these times before you are completely out of the picture, that's my personal advice.


You're more invested in bitcoin than most people posting here, by far. You probably shouldn't mention you can afford to pay some non-trivial amount of damages, at least not yet. Let's say you may need to sell some of that to pay for your tenure? ;)

You're wrong. You did create a lot of value with your platform, that's why you had good profits and a good buyer. It is not zero-sum.

It's a pity that you will not keep using your talents in the bitcoin economy, but I wish you the best. I believe you'll keep creating value, wherever you decide to work.

Good luck!

Relax. There are others with strong economic basis that either are part of the team, or follow it closely. Theymos and Stefan Thomas are two names that I remember by heart, and probably there are others.
No developer in the team would be able to change the economic basis of bitcoin "at will", without provoking lots of noise at least.

This and your achievements so far tell me that you can accomplish great things in your life. i wish you the best.

@dissipate
Pretty arrogant post.
To the "expert": margin trading = selling something you do not own

So why the losses that can occur are yours?

Because speculation simply displaces value from the real economy to the financial sector. Bitcoin needs to gain broader acceptance by buyers and merchants to become a credible alternative to the incumbent banking system. What bitcoin does NOT need is to develop fancy speculation tools that most people do not care about.

As I said before margin trading increases liquidity at the cost of volatility. Real trade of real goods and services increases liquidity while reducing volatility.

Markets are not a zero-sum game but bitcoinica certainly was.

Don't over-do it peeps. Actually it was a zero-sum-minus-cut game, just like any (honest) poker site.

What is value? Who define what has value and what hasn't? if something has no value why do some people try to get it (or to engage in it)?

And also, what the heck does it have to do with "trading money that you don't own"? margin trading is trading money that you borrow, covered by money you already have.


That's why since bitcoinica came in the bitcoin world, volatility has increased... oh wait.

Um, Gavin, you do realise that your Bitcoin Faucet is a zero-sum game?

Gavin is very smart, dedicated, trustworthy, and hard-working. I don't think he is wise yet, but give him time.

Do you really believe bitcoinica is helping reduce volatility ??
Don't you think is has something to do with volume ? Volume resulting from margin trading is not real: it can evaporate overnight.
Volume resulting from real trade is stabilizing.

Looks like Bitcoinica will be offline for a while. We will see how much more or less stable the market is during this period (once the dust settles from all this fiasco, give it a couple days more for them to reimburse users).

I saved a screenshot of this masterpiece :D worried that the admins might delete it... they're on a roll lately.

Still nothing up at bitconica.com.  Is the demise of the site terminal?  Three days without even a splash page on the web site telling users there's a problem.  Unless every Bitcoinica user reads this forum (or Slashdot et al), they'd think the site's operators took the money and ran.  Not a good look.

Good luck and best wishes zhoutong,your name will stay in bitcoin Metric forever

Try http://www.bitcoinica.com (not https) there's some info since yesterday.
Addres redirects to a blog on blogger.com (http://www.blogger.com/profile/01830718100003055247).

Anyone that wishes to continue the discussion about "Zero-sum games", please do so in this thread started by Gavin: https://bitcointalk.org/index.php?topic=81671.0

@1: A wise man said "I'm all in on bitcoin with all I have and all I can borrow" to claim weeks later he has nothing in bitcoins anymore. I suggest you claim the latter at some point, too or at least move your coins once so you can claim it easily. At 100$/BTC taxes might trouble you. At 1000$/BTC weird people (I heard you can hire them for bitcoin) will find a way to make you send them a little tip ;)

@2: When should we try to get a vaporware award for them?

I'm gonna miss getting zhoutonged....not, hehehe.

+1

Do you sincerely believe the relative price stability we are experiencing since mid february (about the same time as the Tradehill shut down) has something to do with bitcoinica margin trading feature ?

For those who are stuck because of the Bitcoinica hack:

I am willing to pay for shares/bonds of major GLBSE mining operations with Diablo Mining Company shares to help offset the losses of Bitcoinica users.

https://bitcointalk.org/index.php?topic=77469.msg901042#msg901042

If short selling has one major effect it is precisely that of reducing volatilty. Go and learn some basics from Khan Academy: http://www.youtube.com/watch?v=zAkMhEqWFF0

It's even entertaining. On the upside, I will enjoy the next (and b/c of stability long-overdue) bitcoin bubble, which will now definetely come back to us to sell my coins for $10 or more. The interest payment provided something really useful for all bitcoiners. In my wallet I receive no interest whatsoever and it can be hacked, too.

@ Tong Zhou - I think you are an honest person, please help as much as you can to get our bitcoins back from bitcoinica. Had 101 coins there!

After this is done, go to school and enjoy life. I doubt though you will come back with something more successful than bitcoinica. You already are famous. It isn't zero-sum, and people losing money in trading/gambling do at their own responsibilty. If one reason for you to leave is thinking they shouldn't lose money because it isn't good for society (i.e. all your customers as a whole), you should be aware that you are judging them and at the same time 'robbing' them of their liberty. So, this what a business is all about: You end up with money that isn't yours. Technically, this is what most/if not all businesses are and have to be -stealing. Morally, you could have used that money wisely to give back to the community. For things you consider important and things people urgently need. Perhaps this responsibilty would have been a bit much? :-)

yes,and i think this was the reason why somebody hack bitcoinica twice

I stopped watching your video after 2 minutes when I heard "borrowing the stock increases the supply of the stock".
This video falls in the same fallacy as so many academic papers sponsored by brokerage firms or investment banks trying to prove against common sense that shorting has no effect on volatility (for the more conservative papers).
Its sheer propaganda. Plus all this is considering stock trading (unknown future supply of stock) while bitcoin is in limited supply.

If bitcoin margin trading reduces  instantaneous volatility it's because it's attracting more volume, only of speculative trade: you then get major swings that are referred to as "market crashes" because the real trade is just not there. It's like squeezing a coil.

Excuse me while I run away screaming.

Zhou, What is your current relationship with the Bitcoinica business? Have you already said your good byes?
It's in a complete PR Fiasco right now and you have always been their PR man.

It needs a splash page ASAP.
Your announcements need to be sent out by email! not just here on the forum.
And a blog spot with at least daily updates (can be brief).

Please address this issue. Thanks.

I'm not able to access it, wonder if my DNS records are stale.

Ding-ding.

http://betabeat.com/2012/05/14/fbi-that-bitcoin-report-was-authentic-but-it-wasnt-leaked-by-us/


LulzSec leader works for FBI (http://arstechnica.com/tech-policy/2012/03/report-lulzsec-leader-sabu-worked-with-fbi-since-last-summer/)
US intelligence uses private mercenary hackers to bypass "policy restrictions" and target activists (http://emptywheel.firedoglake.com/2011/02/14/the-hbgary-scandal-using-counterterrorism-tactics-on-citizen-activism/)


http://charlotte.fbi.gov/dojpressrel/pressrel11/ce031811.htm

Look, the people in charge of the US government are total criminals, with about a 12% approval rating.  When they aren't running drugs and guns and engaging in torture and murder all over the world, they're running hackers and other false flag attacks on anyone who attempts to insulate themselves from their ineptitude.  This has been well documented going back generations, and it's always the same incestuous group of drug kingpins from both sides of the political spectrum running the intelligence agencies, big banks, and military-industrial complex to traffick illicit goods, launder money and abuse governmental power in order to shut down their competition and rake in obscene profits.

And at this point, due to their "creative destruction" of trillions of dollars in real wealth in failed wars and various ponzi schemes, they have access to a ready army of millions of welfare zombies and middle-class soccer-moms with napoleon complexes ready to turn on anyone who refuses to march lockstep with them towards their global fascist nightmare.

If you visited bitcoinica before, your browser's autocomplete will send you to https (which is not working) instead. You have to edit that bit out or fill the http part as well, depending on the browser.

Congrats sir. You not only did an absolutely amazing thing for the Bitcoin community, but you also made a savy 1,000 BTC investment and are now sitting on a small fortune. Very happy for you - I think this is probably my favorite bitcoin success story - why? Because it ended up having a good ending even after a huge hacking like bitcoinica - GO Zhou Tong!!!

(roger ver's new bounty site brought me here) :)

This is sad.. :(

Agreed.  Bumping a two year old thread.   :-\

Now, this bump was totally unexpected, for see my last post.

Why is it sad? Did I miss something? He has 440k worth of bitcoin he bought for cheap, plus a time when he owned tons (and probably quite a bit of USD profit as well from bitcoinica). I thought it was pretty cool to see now 2 years later that he actually still came out on top even after everything.

1000 btc? i only have one  :'(

hemm.. I never leaving bitcoin
because i believe bitcoin best coins to trading and shoping.

Good "buy".  ;D

https://www.youtube.com/watch?v=5WiXMcsfvXE

I left bitcoin a long time ago. 8) 8)

I just got into btc and it's getting better and better, just waiting for the price going up. Bought my first tablet with btc. There's no reason to leave btc now. :D

Damn sad ....

let us wait what the tokyo police will find out.

why are you leaving bitcoin??
have any problem with bitcoin.
the problem of hacking wallet is biggest problem.

look at the OPs date. someone bumped an old thread.

OP still very much still in bitcoin, owns coinjar.

Necroposting at its finest.  ::) Coinjar is doing good, and if op owns the service, then he's not leaving bitcoin then. :)

Bitcoinica Theft of 40,000 btc in July 2012

https://www.youtube.com/watch?v=AypRF9q0llU

And now, cofounding CoinJar apparently https://www.reddit.com/r/Bitcoin/comments/3s2yep/im_asher_tan_cofounder_ceo_of_coinjar_my_co/

 :o

strong evidence zhoutong (https://bitcointalk.org/index.php?action=profile;u=38455) is involved!

look at his account he is still active.

I think this guy is doing an AMA right now on roger's website. Maybe someone that is registered could ask him one thing or two to see what he comes up to, apparently he seemed like a pretty legit guy at the begining, until the scam thing.. I don't get why people put their prestige on the line by risking getting caught with scams. Now whenever he tries a new venture, they will accuse him and trust will be low (already saw it's happening).

Link to the AMA? The youtube video is pretty compelling to be honest, this is crazy! I wonder if he's aware the community is onto him...

That's a HUGE transaction, I've never seen huge transactions like that. 15k bitcoins transacted...

Wasn't he an infant under the age of 18 when the Bitcoinica loss happened?

Age of criminal responsibility in China is 14.

He was studying in Australia at the time and comes from Singapore anyway.

I guess we all owe you a lot man. You did a great job for bitcoin. I hope you won't regret your decision. Wish you the best!

In Australia it's 10 to 14 depending on the crime, in Singapore it's 7-12-14.

Also if he retains stolen funds it's an ongoing crime.

really inspiring story,and you are a good person,with very good skill..
you are lucky man,know bitcoin early on 2010,on that year i new t start my college,and maybe if i know that time,i will have a little lucky like you  ;D
but i know bitcoin on 2014,its too late i think,and my limited acces was influence my profit,but i still have to thanks to my god for this all,for my chance to know bitcoin.
and good luck for your future,and i hope when i post this,you still come to this forum,and make some check to bitcoin condition  ;)

Here is a link to the AMA going on with the co-founder of CoinJar:

https://forum.bitcoin.com/ama-ask-me-anything/i-m-asher-tan-co-founder-ceo-of-coinjar-ask-me-anything-t2262.html (https://forum.bitcoin.com/ama-ask-me-anything/i-m-asher-tan-co-founder-ceo-of-coinjar-ask-me-anything-t2262.html)

Oh well, more for me!

But really, I see your point. With the currency's volatility, it's pretty risky to hold your coins. I currently have half the mind to cash out. Any ideas people? Why is the price so jittery this week? It went up to $480 a few days ago, then dropped to $380.

congratulation,i'm glad to see your post,this is interesting life experience,actually on bitcoin story,i just said congratulation because you have investement worth 1000 BTC when you retire,its a good time to leave bitcoin for a while or forever.

Personally I see nothing wrong with straight up gambling platforms and to the extent that I do, it's an easy choice for me to ignore them.  I also don't believe that Bitcoinica either helped or hurt the Bitcoin economy very much.  If I were putting a huge amount of effort into developing the platform and it was used in this manner, however, I am sure I would feel a bit demoralized and like I was wasting my time.  If that is a factor in Zhou Tong and Gavin's comments, I could certainly relate to that.

^ I would be a bit careful here.

The end of bitcoinica wasn't pretty and many lost money. Not sure wether zhoutong has taken any, but if, it was way more than a measly 1000 BTC.

Thanks for telling us your background was very intressting to read. and good luck to you in life what ever you decide to do! :D

All the best then dear sir! Cheers to all the Bitcoins ever there is.

The post is from May 2012 and I even think he's back.

Why did this thread suddenly pop up in my watchlist when noone posted. I think the watchlist is broken.

Zhou Tong is now the Co-founder of Coin Jar to service Australian Bitcoin customers.
Since the Bitcoinica hack,  incredibly strong evidence has emerged that Zhou Tong was the actual thief.
His whole Chinese millionaire relic collector story was too unbelievable to begin with as well.

More details here: https://forum.bitcoin.com/ama-ask-me-anything/i-m-asher-tan-co-founder-ceo-of-coinjar-ask-me-anything-t2262.html#p6434

Hello,
I just joined. I have just read about this bitcoin thing any I am excited to learn more about it.
Somebody is leaving somebody is coming. I guess that is how many things are.  :)

Welcome dude. :)
Always great to see new users in our space.
If you have any questions don't be shy and just ask.
Furthermore I recommend to check out our beginners section.

THERE'S STILL TIME. TURN AROUND AND WALK AWAY AS IF YOU HADN'T SEEN ANYTHING. DO IT WHILE YOU STILL CAN!

I'm just kidding, welcome to the rabbit hole that is crypto ;)

Thanks for the link, I've just come across this story and already looking at various sources of info, it makes for an interesting read.

This is really motivating story. I wish you the best mate.

Here's a recent interview with Zhou Tong himself on Bitcoinica and the hack:
https://www.youtube.com/watch?v=6k-eKLatmNI

If you leaving in bitcoin you will regret soon since the price of bitcoin is keep on rising you will be regret while those who are believers with bitcoin are keep earnings and rich.. since we are gradually increasing i think better to stay holding bitcoin or buy more bitcoin every time you get your salary in your job to have more profit in the future..

dude, zhou tong (the guy that opened this thread) has a 1000 BTC casascius coin (see video linked 2 posts above). He developed and ran the first bitcoin trading platform that offered leveraged trading (an shorting for the first time) from 2011.

Many got zhoutonged (https://www.youtube.com/watch?v=NG1qooBzE2w) when that exchange got hacked... and hacked again.

Zhou Tongs reputation got hurt badly because some suspected he was part of the hack (the platform had just being sold) and although he says otherwise, I believe that's the reason why he "left bitcoin".

Doesn't mean he sold his stash.

Yes I agree woth that. I see the potential of bitcoin to be the most popular mode of payment online replacing USD.
And regarding on the security of account against malware or hackers, better to save your bitcoins in different wallet so that hackers can not hack all of your savings and it gives lest risk.

or get a hardware wallet and sleep well

I guess it's better to learn from mistakes and not leave bitcoin just because of some wallet issues, in overall bitocin is really good as investment and currency but with negligence our money will really be at risk, it's our control then but we can improve it if we learn.

you had been instrumental in bitcoin if you leave bitcoin there will probably be little change

leaving bitcoin for now for the sake of it is not clear just going to make you lose. bitcoin price increases, if you're not taking the time to search for and collect bitcoin, maybe you'll be sorry when the price of bitcoin rise to the price of $ 1,000. well, probably better if you're still looking for bitcoin in the free time you have.

All best of luck for the future .sometimes bad lucks surrounds us and we are in a dilemmma.hope it does not happen again with someone.

Honestly, I don't know who is this guy. But as I see here, all legendaries account is out and give him "a good luck" post.
It's mean he is an important person in bitcoin development.
Well, good luck Zhou. Wish you have more good experience in your life.

Well we hope you don't leave bitcoin forever and come back to the btc community and let us know how you are progressing in your other fields of choice but it is your decision and your decision alone to take and must be rested. Good luck in all that you do in the future and may it be a bright one for you too!

You're right, I also hope that you do not leave bitcoin forever, and will be back someday. in fact, you're probably going to regret leaving bitcoin for now, because this might be a good time to collect bitcoin, because when the price of bitcoin has been rising, and you're back, I'm sure, you'll regret it. but, good luck.

If you took the effort to just click on his name and see his stats, then you could see that he was online in October of this year. His last post dates back to 2013, but he has negative rep from 2 people that are well known here. Looks like his reason to "leave" the Bitcoin world might be different than what he want others to believe....


You clearly didn't read the OP....

Yes someday I will leave, because no one is immortal and the best, we think now is the best, but 10 years or more there must be a better replacement. just like mobile phone, vehicle, which is sure to have the time. We must ready for it.

you are the one that you are leaving bitcoin there is a lot of people are joining bitcoin day by day and investing their money in huge amount in bitcoin because bitcoin increasing its price to higher value and bitcoin is very much profitable currency and people getting profit from bitcoin in big amount.

Checked the original post, and found that the topic was created in 2012. This guy made a huge mistake by quitting the Bitcoin sector. Had he opted to stay put, then he might have got a 10,000% ROI on his coin holdings.

Edit: Just found out that the OP was involved in Coinjar. So despite this thread, he didn't quit the Bitcoin sector.

I have sold bitcoins...oupsss satoshi twince for $50 or so...it was a listake as well...now it would be worth $150 or so...

Haha! Thanks for resurrecting this thread and reminding me of how lucky I was back in 2012 when I avoided the Bitcoinica hack just by pure luck (I had withdrawn all my coins on a whim).  ;D ;D

I hope Zhoutong is doing well, zhoutonging all those he comes into contact with in life.

https://www.youtube.com/watch?v=kdvTkddp1F0

We don't know if th OP really do it, what is written does not mean we leave completely. We write it because we still want it, so who knows if OP is already a silent millionaire now.

If you really love bitcoins then why not create a new site that will help users earn while at the same time being protected from this hackers. Bitcoin industry needs highly technical and specialized people concerning bitcoin and it is a great loss if you leave the community just like that. Hope you changed your mind and contribute more to bitcoin industry.

The bitcoin can improve and it will not be replaced.

He probably crated this thread while he was drunk or maybe he just changed his mood because price of Bitcoin is growing day by day and he already earned a good profit on his Bitcoin or maybe he is still holding lot of Bitcoins who knows? 

That is right. If he stick with the bitcoin, he will be richer.

It's a long back thread by the year 2012, but people were not in a state to trust technology at that time. Now with its potential it has touched very big highs. So now if op was to say something about bitcoin he could have started a thread promoting bitcoin with a slogan lets move with bitcoin.

you did a lot for bitcoin and just for losing an account you should not leave bitcoin instead you should be strong and be mentally determined for keeep oneself secure in future.

Well you might have your own personal reasons for leaving but I will urge you to rethink your decision and if there's a possibility of returning please do because we need all these brains to support the Bitcoin community and we can't just start losing you guys one after the other.

I did not know you but from this your post am impress. Living your 1000bt as investment is a good gesture. We the Newbies that has less than 1btc how do we start to increase our earning with low risk and returned? You have work hard to get bitconica to were it is today we hope to contribute our efforts so.

read his "Trust" in his profile before you talking about him. nobody of the Bitcoiners from the time he was active here trust him anymore. and there are reasons for this.

Thank's for everything that you have done in bitcoin,
Wish you all the best .

It's pretty funny to see these comments from people who weren't there at the time. I'm not convinced zhou played a malicious role in the whole bitcoinica debacle, though. And if he did he surely wasn't the only one.

Sounds like early retire a young man here in this industry. You gave a big contribution in the economy of this bitcoin world, Honestly 1000BTC its not a joke, do you know how much total is that here in my country currency it is equivalent of 5, 800, 000 Million dude. I guess you still help us here about your experience for a couple of time you've been in this industry. You take care of yourself buddy to your new venture in life.

No, don't leave us so early I mean this industry, maybe you're only confuse on what to do first or what to do next, friend it's just a matter of priorities , it doen't matter if you lose your other time on earning bitcoin for your full time work , make it as your part time work or your past time. it is not yet over come back and earn bitcoin with us, let us go with the rising value of this coins. cheer up!

people flock wanted to learn, and I do not think that they would get out of the bitcoin. it might make enormous losses against the person. bitcoin is a means of transaction in the future, so it would be a loss if you come out now.

We're definitely looking at a considerable series of movements within the next little while which have the potential to throw Bitcoin into the spotlight and make it one of the most important portions of the global financial systems, or it might end up being pushed to the side for a while.

Ideally, there will be a lot of good news soon, but there are never are guarantees.

Literally EVERY guy that ever opened a thread saying how they were "done with bitcoin" and dumped their position is missing on making gains right now after the all time high... it's awesome to see how bitcoin has proven every last doubter wrong.

yes that is very right to say because, every one has their own decision and if a person want to leave he has the right but i will like to add that leaving bitcoin is not a good idea because after some time he has to rejoin it because all the people of the world are gin to join bitcoin because bitcoin is ow becoming one of the most important part of our life.

Yeah, the bitcoin community right should work together and focus on making a good reputation for the bitcoin and come up with different new ideas to improve it and make people invest in it more so we really need all the support and the users that have much experience and knowledge about the bitcoin.

When every bitcoiner feels his responsibilities, I believe there will be no people will be feeling like leaving off bitcoin systems. I hope we will be working on this regards intensively.

its not a good idea to leave bitcoin
bitcoin will be a huge in the future and the best of payment on the internet.

Even if it doesn't get acceptance as a mainstream currency, sure as a form of alternate currency bitcoin takes role. Also no other currencies will emerge similar to bitcoin. For this reason bitcoin is the best of all time, so never leave as quoted by the above mate.

He just possibly made this statement in the heat of his emotions. But at this moment he may have cooled down and realized that bitcoin is very valuable. When he made this post one bitcoin has not yet reached one thousand dollars each and so after seeing the price of bitcoins he knew already that he will make a big regret if he let go of bitcoin.

yes that is too much important and i think specially in those areas where the use of bitcoin is not as good, where most of the people do not have any idea about bitcoin. i think it is our duty to introduce bitcoin to the people who do not know about bitcoin.

I'm gonna miss getting zhoutonged....not, hehehe. :) :) :)

zhoutong was Last Active:   January 29, 2017, 10:06:15 AM so he still is loggin here int he forum, maybe he is checking what is going in in the forum and the price. I don't think someone will actually leave btc forever. If you have been involve in btc and already learned how fucked up centralized fiat are, you won't get over there again without looking back. No matter what happen to that bitcoinhack that OP mentioned, its the past already. Worse things had already happened like ICO scams, exchanges declaring hacked and so on.

Well, I guess see ya around. Good luck, and I hope you do well. Thanks for the impact to the bitcoin community.

I agree with every person here commenting. Besides, putting the issue of bit coin aside. In general, in our real life leaving anything has never given profit to anyone in any means. One day they will get connected again and forget the past. Therefore, I suggest you to think again. Bit coin may not be the issue in your life. You may think that this is one but it’s not. So, give yourself a break and start again.

I also think the same way as you do, people will love things that benefits them, but if its changed, they will eventually walk away from it, they just want to take everything that makes them happy, and didn't even know how to give, they didn't know how to wait. As of now, the cryptocurrency market is all red, prices are dropping, and people are leaving, selling their coins out of nowhere thinking that they could lose even more profits if they will not sell their coins.

This is the part where most of the people are panicking and not thinking wisely, they just act according to their instinct, they didn't even think what could happen in the near future if they are going to do panic selling.

I never had a good time at Bitcoin, and I was beside this time, and I would be left at the bad times. Do not leave any time. Because by bitkayen I dream about doing well. I will go with Bitakayena, Achi, and I'll stay.

Many were in the same situation who bought bitcoin in the first half of December last year, when he was approaching the peak of his price. Probably, many after that sold their bitcoins and suffered significant losses, they decided not to return to the crypto currency. The mistakes of these people will be learned by others. You can not buy a coin or a token, which has been rising for a long time and has reached large price heights. Crypto currency can not always grow in price.
Now we need to expect a big rise in the crypto-currency market, so that bitcoin again rose to such heights. To sell it already at the current price is not worth it.

Yes, this topic started a long time ago, but at the moment a lot of people also draw such conclusions. I think that you should not abandon the use of bitcoin only because of the drawdown of the price!

We can not leave it. We are in the time of encrypted currencies

Thank you for your dedication to Bitcoinica. I deeply appreciate your decision. And thank you for being a true Bitcoin lover.

You always have a decision to make but be firm with that. Remember that there's a reward andfor consequences in every decision. Leaving bitcoin is your choice but you have to deal with the result. Choose what's best for you where you can earn more and have a healthy lifestyle. Bitcoin will always be here don't worry.

Bitcoin meets reality, there's plenty of it going around. Nothing particularly startling about the inevitable. Perhaps Bitcoin will turn into some digital form of gold hoarding where people just buy them up to stash away some hidden wealth for a period of time. Who knows? In any event, no aspect of the Bitcoin economy, or really any economy is a 'zero sum game' as far as I can tell.

Wow I was touched by your story about your life in the bitcoin world. You just gave me hope and strength to pursue what I have started here. I wish you good luck on your future endeavors.

Well, because of one person, I think nothing will happen, but for bitcoin at the moment nothing is possible, so I think that everything will not be fine soon, and will have to wait a little.

You do very well this, I am happy about that

Good luck for your new projects. I hope you will be active here though to share your experience and knowledge with us.

there are some people who are leaving in bitcoin but for me i do not quit and leave in bitcoin because it helps a lot also this is the only thing and way that i can give the needs of my family. i advice everyone that if you quit bitcoin it compares to a person who quit to achieve your goals. you can never succeed if you just quit. all your hard work and patience will be pay.

I believe that you already have what it takes to persevere and are a soul that will do so until you are met with your (very deserved) yields. Though already mentioned, I'd just like to confirm that you have already carved yourself a little place in BitCoin history and into the community here. You will be missed and your presence will always be welcomed.

I definitely understand paying crypto less attention in this protracted bear market, but leaving altogether? Nah....

I think leaving in bitcoin is not the right decision that you should do because bitcoin is still very good investment and believed it becomes more profitable in due time all we need is to hold and wait until the market recover. We should also consider that many countries today are now planning to open business to cryptocurrency investment.

Based on the information you provided in your OP, you seem to be a very determined person. I wish you good luck for your future projects. At one point, you mentioned that it is not about money at all. I agree to this completely. After some point, money does not matter. It is not something that can drive you for years.

You should not leave bitcoin because it has a bright future . Stay connected with Bitcoin .

To all the newbies posting in this thread,  IT IS FROM 2012!!!!!
Don't post here unless you know the details and history of what went on, so that those of us who actually care about the Bitcoinica debacle can keep up with the thread.

Thank you for not posting additional fluff in this thread!

Six year down the line that you bounce out on Bitcoin and here we are now, I know you must have achieve your aim then and even with your leaving btc you are more a better one because of your early adoption in btc because your worth now is even better than those that are working day and night for the past 20 years , I believe you are a great man now and must have not regret your step then, it would have worse if you sold the 1000 btc then but thank God you believe in what you have but never let money ride you on your dream , such a brave man .

Leaving bitcoin can happen by young people, who have a busy density in the outside world. We also need time to take care of bitcoin. But it's a shame if we leave bitcoin because this is a very profitable project because it has big enough result.and if want leave better think well.

Leaving in bitcoin to invest in other profitable is really a good strategy while the bitcoin market is still falling and its very important to divert it to other so we earn to offset losses from other cryptocurrency invested.

Sometimes it makes me thinks if leaving is the right decisiondue to a huge fluctuation since i invested in bitcoin but thinking all my losses will makes me realize again and decided to wait whatever it happens because im lossing a lot already the best should i do for now is to wait for bitcoin to rise.

It is not a good decision. You have choose a wrong decision. Bitcoin have a good future. So wait patiently. Think one or two time brfore taking any decision.

Everyone has their own choice but to me i think that leaving bitcoin in current position when the price has already dropped too much is not a good idea, i think that we should not leave bitcoin in current time but should hold it for some time, because bitcoin price still has too much good potential and hopefully its price will once again increase too much in near future.

Its true life is not all about money is how you live your life and made a lasting impact to everyone you meet...bitcoin is one good experienced but this does not guarantee true happiness and peace... you can take bitcoin in your hand make it a channel of blessing not the other way around making you something that you are not...you have to be responsible and sensible the way you handle money.

To me i will say welldone for all that you did but if your has been hacked, you can still come back and try because all hope is not lose.

I am very impressed with your experience in your investment trip with bitcoin, perhaps by making other investors get valuable lessons

I think we deserve appreciation, every right of every bitcoin owner to do so. survive or not with bitcoin, we own the set. Respect!

Wow, a blast from the past. It’s hard to believe it’s been six years already.

This thread reads like a who’s who of who’s gone. As far as I’m concerned, paraipan is the only one that has the right to simply abandon this forum and bitcoin completely (because he’s dead).

Best wishes for you. It is your plan that you are leaving for it to be successful according to your plan. But in my opinion, leaving you something valuable. Tell me to re-evaluate your decision.

more people to want to this to leave to bitcoin but for me and to others i never leave her because her in bitcoin a got a more money and more bitcoin but if you want to leave her do it if you want but when you back you welcome also her and that is my opinion.

Safe journey in your future venture, you have really had your fair share of the bitcoin experience. Good luck

Yoy really worked hard in bitcoun. Please! Don't leave. Stay with btc and have patience. Btc will be with you forever and give you a great feedback.

I believe that Bitcoinica really reduces price fluctuations instead of improving it, I also believe in my heart that Bitcoinica is much more than a place for people to speculate. You devote much to the community and are worthy of respect.
Apart from all the distrust and controversy among some people, you are still doing a great job.

Zhou Tong was one of the most hilarious characters. Mysterious Chinese relic hunters and hackers, 25k missing BTC, him turning out to be some kid in high school or whatever. Funny stuff. Also Amir open sourcing the code which lead to the security flaws being exposed. His heart was in the right place, but that was stupid.

Its true life is not all about money is how you live your life and made a lasting impact to everyone you meet...bitcoin is one good experienced but this does not guarantee true happiness and peace... you can take bitcoin

People only use such wording when they become disappointed, some time bitcoin price comes down temporarly, which make people disappointed, but after sometime they understand the matter and the importance of bitcoin, then they change their decision, i think that no one will like to miss such a golden opportunity of investing money in bitcoin in such a low price.

Who wants to leave bitcoin wherein this is the main reason why you live a comfortable life? Try to compare your life before bitcoin and while having bitcoin and you'll be able to spot the difference. At least you will realized that leaving bitcoin is a big mistake you'll make.

Last Active in April 01, 2017, 09:06:19 PM. Another Great Man in the past who belives in Bitcoin in a lifetime, i admire you but i even admire you if you Sell at ATH. This man wherever you are, you are smart i hope that we can see you alive here in this forum.

Feels bad man. But it is great that you still love bitcoin even though bad things happened. And it is really a good choice to still invest your remaining coins.

Have you considered your decision? It's a shame if you stop joining bitcoin. I do not want to miss a chance if I have a chance to get more profit in bitcoin. I am very comfortable to be in this business. Although, I have not gained the benefit of my friends in this forum but I am sure if I can improve my economy through bitcoin. I am very confident of success through this business. Indeed, in bitcoin business requires us to always be patient. Many issues that affect us to stop but we must have a fixed stance.

Good move to make the formal announcement, evidently not everyone gathered that you were moving on notwithstanding it was the obvious course. glad you do not intend to join them.

I think it is not the best solution. BTC has many pros, The cost of crypto currency is not dictated by the authorities. You are not forced to accept crypto currency forcibly and only in it to make certain payments, as it happens with government money. The cost of crypto currency is determined only by the ratio of demand and supply in the market.

I really regret if you leave a bitcoin business. Bitcoin is a very potential coin to invest. Many people are successful with bitcoin investing. I look at the people around me who are successful in this bitcoin business. They managed to scavenge a tremendous advantage. They can buy a house, buy a car, renovate the house, and buy other valuables. It's a bitcoin business, it takes patience so it's a big test for you. I also have to be patient in waiting for profit.

i read this post every day in morning with my coffee and portfolio :D i curious about what happened this guy after btc goes ath?

I wish you good luck!

Personally I see nothing wrong with straight up gambling platforms and to the extent that I do, it's an easy choice for me to ignore them.  I also don't believe that Bitcoin either helped or hurt the Bitcoin economy very much.  If I were putting a huge amount of effort into developing the platform and it was used in this manner, however, I am sure I would feel a bit demoralized and like I was wasting my time.

Maybe, you need to wait. Legalization of virtual currencies to some extent will also allow them to be used more often as a means of exchange, which will reduce the speculative component, and, accordingly, the market of crypto currencies will become less volatile. The settlement will attract large business to operations using digital currencies, which will improve their reputation and reduce the black market

Good luck for you man. You are very lucky because you own much number of bitcoin. I always do everything online for I can support my kids, I give much of my time and effort in doing bounty and signature campaigns but until now I have not own at least 1 bitcoin, but I am still happy at least I have earned for what I have done.

I have read your post. I am sad to see you leave Bitcoin. It is my utter request to review your decision. Bitcoin has the potential to change your life. Bad inidents happen in every business models. You do not have to lose heart on one of them.

I think very few people understood what this man wanted to say. at that time, he did not see the real application of bitcoin, and now to see the value in it again, he must bear the benefit. it's like Nikola Tesla, who developed ideas in his time. So here, just need time to these ideas have found application

the more important thing than money is to know what do you want and where you belong and my friend I am glad that you seem that have found it, I hope  that you will have also success in whatever you decide to do.

Good luck man. Wish you best of luck and hope one day you will be back with us ;)

You deserve to take a rest after all the hard work you had poured to reach many achievements. Just hold those bitcoins and I am pretty sure it will pump again. I am also truly amazed by your story but I cannot agree that making money is not that important. Nonetheless, you have already contributed a huge piece in this community and its time for you to do other things.

At the time it may be because bitcoin's not yet widely known and not so precious in the eye of the world, but now maybe you will smile with your 1000 BTC amount, I think it's very possible to meet your family's needs, even though we know "every human never felt enough with what he already has".

you are a wise man to have realized these things sooner rather than later, and you have earned my respect. You're certainly making the right choice and I've been repeatedly impressed both by your ability to deliver and your values.

I'm going to leave Bitcoin Bitcoin is a business that operates in a few countries of the world, Bitcoin is not an affiliate business, there can be danger at any time, so to think about the management plan, Bitcoin is not allowed in all countries, and Bitcoin is working illegally in all countries. People may be able to revolt in the forearm, and then we can get rid of bitcoins.l going to back.

Those who invested in Bitcoin until 2016-2017 still managed to earn. Now the situation on kriptornke is not simple enough and bitcoin with every passing day loses confidence falling all below and below. But personally it seems to me that the time is right now for his purchase.

leaving bitcoin its a bad idea because value of bitcoin will be up and growth.

Obviously you will be well aware that there are fun, challenging problems to be solved with Bitcoin. Not all of which are zero-sum. In the past year your work has made the Bitcoin scene more interesting, more unpredictable, more vibrant. You've had one hell of a crash course in entrepreneurship. I look forward to seeing your name on Fast Company's "Most Creative People",  or TIME magazine's 100 list in some number of years. Best of luck. See you around.

You are free to make your own choice and it's up to you what it is gonna be. You just have to be firm and stand whatever the result may be. If you really want to leave bitcoin then you must do it without hesitation. We may have a different perspective but I will support you no matter what just do what you want.

I wish you best luck.

You works for Bitcoin industry is truly an inspiration for all crypto enthusiasts. May you find joy and fulfillment in your new endeavor. Wish you all the best and God bless!

You will regret as bitcoin prices continue to rise, you will regret it while those who trust with bitcoin still keep their income and riches .. as we are increasing, I think it is better to keep bitcoin or Buy bitcoin every time you get a paycheck at work
If you do not take the time to find and collect bitcoin, you may be sorry to see the bitcoin rise to $ 1,000.

I truly respect you man! you did a great job!  I wish you good lucj on the new jurney and new ventures that you will pursue in your life, always remember that you change alot of peoples lives including mine so again I want to thank you for that.

I agree with you. better not to leave bitcoin because it can go up again its price. This profession is better we make a side job and we also have the main job because we have to look like ordinary people make money. And if we have two jobs at once, we will be fulfilled everyday needs.

Then it is true that there is a time for everything...a time to start and a time to finish it...a time to work and a time to rest.. and maybe for you it is time for something new what you just accomplish is quite amazing and what you say also gives everyone a reflection and an inspiration...bitcoin did an amazing job to you and vice versa.

Nice.. goodluck for you. I hope you will become successful in life. More power and god bless.

I think we dont need to leave bitcoin if we have other priorities we can still do invest in bitcoin for long term so are not bother by market fluctuation and it is beneficial also if the market will rise in the future.

i was so amazed after read your story about your bitcoin's life, its so impressing. Well, you've done a lot of things in bitcoin community, and i hope your life will be more successfull from now. God bless you!

you can't leave Bitcoin Wink


Good luck kicking Facebook's ass!   ;p

Why are you leaving bitcoin,bitcoin is the best crypto curenccy on the whole internet.Bitcoin has a bright future i mean bitcoin is the future.I just started bitcoin and all i can think is how awesome it is,that is my thought but you can do what you wanna do bro.So if it was me i wouldnt leave bitcoin.

At the end of the sentence, you say this


Which means you do not leave bitcoin completely, you prefer bitcoin as a lifetime investment by holding 1000 bitcoin. That's a huge amount for now, I hope you are active again in this forum and share success stories among forum users.

I'm not going to leave Bitcoins because I want to change life by earning Bitcoin. Today many people of the world have changed their lives by earning Bitcoin. I just want to change my life with Bitcoin. I think the government of every country should be allowed to use Bitcoin.

Yes this is true I strongly agree with you mate, many people change theirnlife because of bitcoin, bitcoin helps thousands of people, i will never leave bitcoin no matter happen, bitcoin helps me a lot last year, no matter what happen, ill keep holding if it falls down. Bitcoin give us hope to earn.

Not gonna lie I felt sad and kinda feel bad for you man. So sad to see someone like you go but if that's what you think and want to do then go ahead man. Hope one day you will return to bitcoin and help it make great again. I know once you love something with all your heartband put passion on it so much you just can't unlove it and forget just like that. I know you will be back again and we will wait for you here.

I think people who leave bitcoin are the less fortunate. Indeed the state of bitcoin market is difficult to predict so that we only get uncertainty. However, the decision to leave the bitcoin is wrong if you want a big profit. Bitcoin is only for people who are patient and willing to work hard. The patience that we apply in bitcoin is unlimited so we must never give up in the face of every circumstance. It is your right to leave bitcoin but unfortunately if this great business you leave behind. I also met the people around me who have started to give up to see the state of bitcoin. They have no motivation to work in this difficult time. Yeah, it's all back to you who are undergoing.

Don't be a fool. It's not all or nothing in life. The older you get the more you realize that. In the past year your work has made the Bitcoin scene more interesting, more unpredictable, more vibrant. You've had one hell of a crash course in entrepreneurship.

I've enjoyed most of the occupations I've applied myself to, but am happy that I shifted out of one and into another as I look back on things.Groups of people who are really interested in technical solutions that help everyone!

Good move to make the formal announcement, evidently not everyone gathered that you were moving on notwithstanding it was the obvious course.You're certainly making the right choice and I've been repeatedly impressed both by your ability to deliver and your values.

Congrats sir. You not only did an absolutely amazing thing for the Bitcoin community, but you also made a savy 1,000 BTC investment and are now sitting on a small fortune. I thought it was pretty cool to see now 2 years later that he actually still came out on top even after everything.

I never had a good time at Bitcoin, and I was beside this time, and I would be left at the bad times. Do not leave any time. Because by bitkayen I dream about doing well. I will go with Bitakayena, Achi, and I'll stay.

Good luck on your new venture, hope that you will become successful, this words you said made inspiration and I hope that what you want to pursue you will be successful.  ;D ;D ;D ;D ;D ;D ;) ;) ;) ;) ;)

You did create value for Bitcoin.
If you keep working you will get the benefit yourself Stability has been a real benefit

For as long as I feel safe and secured with bitcoin and it doesn’t cause me harm at all I wouldn’t leave bitcoin. That’s the first thing that I considered. Of course if bitcoin continues to become a good help in me in terms of my financial aspects.

Indeed, actually it never comes once to my mind that I'll leave this bitcoin if it scam me. All of us can experience horrible situation in this field but it doesn't mean we shoud give up, this is just a trial and it is nothing from us, if you think that you were unlucky because you've been scam then how about those skilled who loss their big amount of money then? It's just normal everybody might be stumble but it depends on us on what will be the outcome.

if it has been decided and well thought out is very good, and the decision to leave bitcoin into everyone's choice. hopefully be a blessing wherever you are and the investment will be very helpful in your future.

The phrase "I'M LEAVING BITCION" might have crossed any lover of btc at one time or the other due to different reasons, yet we are still stock to it despite rise and fall. It means one day everybody will be a winner

Im glad that you did a lot in bitcoin economy zhou,  your a model that im going to follow,  i start bitcoin same of your goal.  Thank you for sharing your experience as member/model on this society.  Wish you all the best amigo.

I was moved by your story man! I checked your profile and you are last active since last April 2017. Hope you are doing great wherever you are. But if i could have the story like you, i think i will never ever be leaving bitcoin because i can still manage to do it even if i am a busy person. It's just really hard to stop doing what i love the most.

I know the details, whats with the post, dont want people to know your past

Roger

Thanks to Zhou Tong, its all out in the open

Good person lives close by.

I hope your name will always be remembered because it has made an influence on bitcoinica. Because I'm sure this kind of forums really need you in it but if you really want to get out how else. Thank you for everything!

I am sorry I doubted you buddy. Accept my apology. That's a good work and I am so glad it did work for you in a sense that you now have money to fend for yourself.

your name will be remembered in this forum and make us proud to have analyzed you.

hopefully in the future you will find more good work again after this incident and do not hesitate to share storytelling in this forum to educate us who join beru join here. proud of you master!

What happen to Zhoutong today?

for me you should not have left the bitcoin, if you invest in bitcoin now it is definitely worth losing because the BTC's price is down now. That's also DECEMBER back on the pricas and boys especially, hopefully before you get into the world of bitcoin it should be You know the need for patience and time is needed before achieving success

Sorry to hear that mate. It's your choice. With cryptocurrency, expecially with Bitcoin I've earned a lot. It changed my life. But, everyone knows their own life. I wish you luck in your future stage of life. Hopefully everything goes well for you.  Cheers.

Finally it is everyone choice and if somebody has burnt the hands then may be should stay away as sometime it is not your cup of tea. But one thing all other should also understand that do not sell immediately as the market drop a bit. It is common mistake done by many of them.

You'd done a good work in bitcoin, you are brave person, I hope you do the right decision, just enjoy your life do what you think is good for you good luck.

how can you leave bitcoin. do not you want to be a rich in invested dibitcoin. what is the cause you left bitcoin ,,? no, i do not want to leave bitcoin at all .. now the bitcoin price is declining but i do not feel disappointed with the circumstances hopefully later the price starts to soar .. that's my hope ..

People leaving bitcoin because of the decreasing of its price will surely regret it, because bitcoin will surely increase again, its just that we dont know when. The dropping of its price is normal, because bitcoin is volatile, means that the price is changing rapidly and its unpredictable to know if its going to increase or decrease. Right now decreasing is whats going on bitcoin, but later maybe before the year ends it will increase again. Patience is all we need on investing on bitcoin.

distrust and controversy among some people, you are still doing a great job. I believe that Bitcoinica really reduces price fluctuations instead of improving it, I also believe in my heart that Bitcoinica is much more than a place for people to speculate. You devote much to the community and are worthy of respect. You do a great job in bitcoinica. I'm glad it works for you and you get some money to help your life and other businesses

Probably Bitcoin is caught up by altcoin due to its technology and transaction fees are really too big. Investors also gradually move to more dynamic ETH

If you want to leave Bitcoin you should not regret it with your choice in the future as it sees Bitcoin price going up.

Many people leaving bitcoin because of dropping of its price, they think bitcoin will die. Bitcoin wont die because it dont have competitor. The dropping of its price is because of its volatility, and its normal. Every investments are going through ups and downs, there is no sure success investments, you need to go through obstacles, in order for us to learn, so that we will be successful in our investments.

For now I think leaving bitcoin is not the right decision you have to do because bitcoin is still a very good investment and believes it becomes more profitable in the time we need it is to hold and wait until the market recovers.

Good luck.
Many people have left BTC during this time, they lose confidence when the market goes down.

Its discount is normal, because the bitcoin is volatile, which means the price is changing rapidly and its unpredictable to know if it will increase or decrease. Patience is all we need when investing in bitcoin. I believe that Bitcoinica really reduces price volatility instead of improving it, I also believe in my heart that Bitcoinica is more of a place for people to speculate. You do a great job in bitcoinica.

If I could have stories like you, I think I would never be leaving bitcoin because I could still manage to do it even if I was a busy person. For me you should not leave bitcoin, if you invest in bitcoin now it is definitely worth losing because the price of the BTC is down right now. You know the need for patience and time is needed before achieving success

You tried your best for bitcoin, you created the bitcoin value. You have intense love with bitcoin. You have done so well, hope the Lord will bless you.

guys, he did not really leaves Bitcoin. it's more a constant being under the radar with at least a 1000 BTC gold bar (https://bitcointalk.org/index.php?topic=53203.0).

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

https://i.imgur.com/0CCiEzg.jpg


picture from 2015 on his twitter account --> https://twitter.com/zhoutong

https://i.imgur.com/uy8uIsW.jpg

there's no reason to leave bitcoin.when ever you see or notice thing are working alright ...please, do ask why! any road most be up and down. This is the time for shake only those who are feet can stand it. NEVER LEAVE BTC

Some people just can't take the high and lows. I say just long everything you have and hope for the best. GLGL me.

i think that you shouldn't leave btc as this is the most profitable investment  as experts say. they predict having it for the long-term. You will be glad to get profit after sticking to the holding strategy

What does it mean "Gold bar" its just a joke or really some type of wallet? Like trezor or ledger?

Your example is perfect. It shows how good BTC can be for the development of the economy. BTC is a great way to make payments between companies.

Thanks for sharing interesting information but as for me it is better to have btc for the long-term hold, to my mind this is how you will earn much more than trading every day. I am not going to leave it now

i think almost everybody has got where its always best and easy for them to actually move their life to the next level, because a particullar job,or paycheck does not favor you does not mean their ain't no other. i love working as a blockchain technologist and a bitcoin exchanger. @list you found out early u weren't fit it,its not that big a deal tho

Bitcoin has a great future, it is always good to always discuss important issues like this to promote the growth of bitcoin and blockchain technology.

We should not give up. The decline in cryptocurrency prices is reasonable, it's a kind of cycle, we just need to be patient until the price bounces again. We should understand the basics of cryptocurrency so that it is not easy to give up and is not easily affected by FUD or other negative news.

The current price and market trends of bitcoin does not speak about the potential of bitcoin.  Bitcoin and some other altcoins are here to stay because they ll have massive impacts on the global economy in the future

I will not leave btc right now.  I want to earn for the better.  I believe with the btc capabilities in the future.  So i am working too much to gain even if the market is not that good.

I don't think it will be right decision to leave BTC. I want to know what you will join after leaving btc because I don't think there is any coin more like btc out there.

Well its a big loss for you to hear that you're leaving bitcoin. Bitcoin is falling down deeply then you decided to leave? Its not a good decision, you better put your bitcoin and hodl it wait for it to rise.

I know its hard but I know that you are just making the right decision for yourself. Its nice that you share this kind of info. We cant force you to stay because its your choice and you know that it will make you better. You tried your best , goodluck.

I will not leave Bitcoin, it is a good market, not simple for you to control, me and others I never quit her because she by bitcoin have more money and bitcoin than if you Want her to do it if you want but when you come back

Bitcoin has its ups and downs but in all things, it manages to curb the fluctuations somehow.  That's what it is in cryptocurrency. But that doesn't call for leaving.  Why are you leaving at all?  Just put it at the back of your mind that in cryptocurrency there are losses as well as gains and focus on what you want to invest.

No. Please dont leave bitcoin. I know that you are very tired of using it and Ilyou think that it is time to move on and leave bitcoin. But that is not the answer. Many people wish to have and use bitcoin but they cant. Leaving bitcoin is one of the worst idea you will ever make.

it's like a paper wallet (https://en.bitcoin.it/wiki/Paper_wallet) but with much more glamor. he posted a pic where he holds it in his own hands. but the pic is deleted now of course.

Wow,  it is indeed a good story for me. People usually are hesitant and skeptic to the new things or opportunities that are arising and on the context of that time, even me would really will try bitcoin because I will think it is just a bunch of new ideas that will go dump after time. What you have done is exceptional. You are the really definition of a entrepreneur. It is because you have a good intuitive thinking and a intuitive risk taker and look at the result? Wishing you the best and this story became a motivation for me to strive harder.

You are already have that attitude and skill of being a good entrepreneur. The experience you share is a good example to everyone. Being a risk taker together with smart thinking will make us go to the top.

Invest in s and do not worry about anything. Because if the  has collapsed, other currencies will become unsafe

I think a lot were also discouraged because of the recent hacks in exchanges even the decentralized that made them leave. I believe we are still in the gloomy days of bitcoin and there is still a huge uncertainty about the tech but I know that after a few years it will be sorted out and those people that did not leave and stay through it all will surely be rewarded.

I don't think that is right decide.
I see you keep 1000 bitcoins, today is really huge money. I don't want leave my favorite bitcoin.

It is very sad to hear that, but it is completely your own decision, I firmly believe that for some people it is better to stay off from cryptocurrencies to keep their health and mentality in safe place, and not to get very frustrated.

Well that is your decision that should be respected. Actually i do not know you personally but after reading your post it seem that you had a good time contributing to what bitcoin nowadays. Your profit and earnings deserve you well on your effort to change and contribute a lot on bitcoin system. Good luck man on your journey may you get what you want and come back here soon if you wish to go back again and do business with bitcoin.

think before every little step you will do. do not trust anyone if it involves money, just trust your self and you will be more successful if you want it to. and do not stop studying school if you are already earning some money because of bitcoin, this is just a sideline for others to earn some extra money for their daily expenses. and do not put bitcoin as your primary goal for your future. what if bitcoin fall? i'm sure you fall too. always have patience and just chill out to enjoy on what you have already started on bitcoin and you will be more successful.

i thinkif you leave in bitcoin you will going to regret soon because year by year bitcoin is increasing so much and i think its more good to buy a lot of btc now and sell it in the future .

Seriously you will come out !!  ???
but this may be your choice. I can only pray for the best for you, and I also thank you for working hard for this.
I hope the new steps you start will be successful.  :)

You leaving bitcoin, but that's your sight for this choice.
Why you leaving bitcoin i don't know that.  But i think u want to again think in bitcoin,  so when you will Turn a great decisoin.  😯

You have done a lot for bitcoin mannnnnnnnnnn!You are truely a hero member and i am proud of your innovation. Your book on bitcoin will be awesome and trust me, its gonna sell. You are a mentor, GOOD JOB BUDDY :)

You shoudn't. You'll regret that decision for your entire life.

Perhaps I will agree, but what has been happening for seven months now can not be looked at.

It's too bad you decided to make this up. Perhaps in time you'll reconsider. Anyway, thanks for all you've done for bitcoin.

You may have your own excuses for leaving bitcoin but some of us have tried to overcome all these excuses and still believe in crypto. Bitcoin cannot always meet our expectations but what I do know is that bitcoin will rise again and again.

I think that it is up to you to decide whether you want to leave or to stay. To my mind, the best possible problem solution is to evaluate your chances to succeed which depend on your knowledge of crypto market

In my opinion, you still survive or choose to leave bitcoin is an option. That is all your human rights. Whatever the reason that you leave bitcoin, I just told you not to make a stain on bitcoin. You don't spread negative issues about bitcoin which are unclear and cannot be accounted for if the truth is that you leave bitcoin because you have disappointment with bitcoin. Than you spread negative issues, it would be better if you give advice and solutions so that bitcoin can improve itself.

For me , it's your choice I you want to stay or to leave bitcoin , but gor me you shouldn't do that because a lots of years in bitcoin is not a simply joke ! If you leave bit what will happen to your sacrifices and hard-working? See iys all going to be nothing .

No, just stay because i swear to you bitcoin's price will rise next year. The price right now is slowly increasing, dont lose hope my friend, its just a challenge for us holders. Juet remain calm and have a long patience. Your patience is the key for you to become rich. Just continue to invest in bitcoin and you will be successful, i promise.

What you did was great man!  You did your part for Bitcoin. You did your very best and make others believe that there still someone like you in the world that can make a better world for bitcoin and accept Bitcoin as may other may consider it as a real business.

I know we have free to decide all the time her in bitcoin world. But I well insist my opinion to you my friend if you will try to listen to me,  don't leave in bitcoin. Because her in bitcoin we can have a bright future. Especially now we  are in the middle of the year. And this is a peak season of bitcoin we should prepare for this because their is a big price movement that are coming to us.

Please rethink your decision and you will realise that the benefits you have gained from bitcoin far outweighs the negative side. I believe bitcoin will get better than it is today in  a few weeks to come. This is not a good time to quit.

you are right, I hope someone like Zhou Tong does not leave the world of bitcoin because it is still too early when new bitcoins are known to many people and countries in the world are starting to open up to bitcoin

Bitcoin is currently in the middle of recovery.  We never know what is the next price if it will rise or will going down again.  What is important is that we all know how to handle our emotions during this time and keep our investment and hold it until we can earn for a better profits.

At present bitcoin is decreasing in value and reliability. So I'm away from bitcoin and looking for new electronic coins. The altcoin has the potential to develop more bitcoin like ethereum, ripple or NEO. These altcoins are gradually growing and can pass bitcoin in the future.

Yes, I think that at this point you should not be fooled into bitcoin, you can see that bitcoin prices are constantly fluctuating and refining strongly over the past few days, the market is bearish in the long run. So bitcoin prices will probably continue to drop sharply at any time. So you should only invest in short-term and altcoin trading.

All the efforts and hardship you exerted is much appreciated. Bitcoin forever.

Why not?. When bitcoin prices are falling sharply, many investors are no longer interested in bitcoin. Removing bitcoins at this time is necessary. I will invest in new coins that have more potential. It could be a ripple or another altcoin.

We are all have our different opinion.  I also have my own choice to follow and i will still stand that btc is my future someday.  I will hold it and wait for the increase.

I wish that there is a lot of people like you who are doing a significant part on helping the tech. You are not after the money and it's not you priority. I also love bitcoin and I hope that we all succeed on this financial revolution that keeps happening for decades. I know people will soon realize the importance of bitcoin.

I will never leave bitcoin, because I have been working on bitcoin for a long time and I also benefit from bitcoin, until whenever I will support bitcoin.

Bitcoin was originally designed by Satoshi in 2007 when he believed that it was possible to design a trading system where members do not need to trust each other. Bitcoins are considered gold because they have n circulation, reserves, and payment. So do not leave the bitcoin

I will never leave Bitcoin, bitcoin which has changed my life, until I can get what I want right, bitcoin has changed my life and also changed my life

You did a great work man ;)
Good luck for retiring.

I hope you enjoy your moments with the bitcoin in the times you dealing with it. I guess its too early to decide for you to leave bitcoin. Bitcoin has so much to achieve in the next few months. But its your decision, farewell.

We dont have to leave, bitcoin will soon rise and the bitcoin has maybe a bright future , dye to uts amazing fast growing economy, bitcoin is now becoming a part of the human life, bitcoin is amazing so if we are going to leave it today we can maybe loss the opportunity in the near future.

Nope. He is not good in this scenario. Bitcoin is a good investment. We all need this kind of business.

bitcoin change everyone's life, it is depends on ourself how to manage it. but OP maybe have strong reason why he choose the title but i see everyone will not always forget bitcoin that already help people who use it

We decide the thing we think is the best for us. I know that you have some sweet and bitter experience with bitcoin but take it as a lesson. Its your choice and decision, We cant blame you if you do it. but I hope you enjoy some moments with bitcoin. Maybe the situation of bitcoin now is not that good lets be patient and wait until bitcoin already recover.

Leaving bitcoin at this time is not the appropriate decision because your investment is in there the money of your hard work and struggle and in loss and you have not earn yet how much you have invested so just wait once you make your investment back then leave it.Now stay calm and wait for the right time to come.

in my opinion, you don't need to leave bitcoin. because bitcoin can change a person's economic needs suddenly. but it depends on how we are to manage it. maybe you experience hard work and loss in investing, but you must always wait patiently for the right time for you to make that decision.

I am not too worried about the impact for the long term because I am a fast thinker, there are things that are still positive in crypto that can still make a profit in the next few years, whatever happens, at least I have tried my best, the world cares about blockchain and automatically they can't separate it from bitcoin. very useless if you leave bitcoin for now.

 that is not the solution to bitcoin or to oneself because market can be funny at any fucking because market cannot be stable if it is stable it is not market again bitcoin is just passing through her tough time and it will soon be over

I think you left the bitcoin as a wrong choice silk. Bitcoin is booming. bitcoin price will reach 50000 by the end of this year. I recommend staying in bitcoin. Bitcoin will help you succeed.

You have done a lot for BTC. I personally understand why you are doing what you are doing and of course respect your choice but personally. If I was you, I would stay and wouldn´t give up. Much respect to you Zhou. True legend in the BTC community. Much luck, love and respect to you.  :)

Great job mate...that is a wonderful success story and i wish the very best in your new adventure and don't forget to let this community know of your new innovation that you are working on k.

I urge you to think again. Bitcoin is electronic currency has the greatest value today. Bitcoin price remains at a high level. The market is recovering back and can increase in the coming time. So you should stay with bitcoin.

leaving Bitcoin now is not a right decision,,because any moment from now the prices of Bitcoin will merge and comes back to its state

If you are I suggest you looking into AML BitCoin. The value of the AML Bitcoin is not determined by any government. Therefore, if any economic or financial instability occurs, AML Bitcoin users are not affected.

Youre leaving bitcoin? Comme on dude ! I guess its the worst decision you have ever made in your life . Bitcoin is the best then why you are leaving ? Think of it a several times before you decide.

If you are leaving for your own good then goodluck, you did a very well job. Its kinda sad and its probably the worst decision you will made. Keep the sweet and bitter experience from bitcoin.

A person who will leave the bitcoin now and will not accept in future then it means he is missing a big opportunity of the to make huge money and that will be the biggest loss in the life forever. So please wait for some more time and enjoy the whole life.

You do not need to do that. I mean, you're irritated. Do not worry. Think of yourself. Is every person successful? And has he always made progress? Not at all. If you have any regrets, you need to find answers to your problem. I'm not saying that you will not be bitcoin enough to leave behind bitcoin. Do not be stupid. Think of wonders. There is a drawback for any person and coin. It will return to the right hands with time. Join bitcoin and help with bitcoin.

What a beautiful story. Compliment for who you are and what you brought to the world of cryptos. In your quest to do good I wish you luck and I hope that you will be happy in what you will do. Thank you for showing us that money is not the most important. Good luck!

That was an exciting story I have read in one breath, you have made a great progress and you are still young, so the only thing I can surely say is just thank you, best regards!

Why do you decide so? You are looking forward to quick success. Do not expect a little bit of bitcoin in your progress. Because this coin is the best for a long-term profit. If you leave bitcoin like this, the same bitcoin will disappear from us. Because this coin depends on the non-interest, demand, and investment of the coin. I live with bitcoin everyday. Never leave the bitcoin. Bitcoin will turn into your turning point. Wait patiently.

One day they will get connected again and forget the past. Therefore, I suggest you to think again. Bit coin may not be the issue in your life. You may think that this is one but it’s not. So, give yourself a break and start again.

If you are leaving it means you not a great believer of cryptocurrency

 wow, i really admire how you invest and trust Bitcoin. This is really a sentimental post for me. With absolute trust and your love of technology, I wish you success on this path. If you have time, can you discuss it with me? Give me a little time and I want to be more understanding of your beliefs.

I think that is your biggest mistake in your life, where you have ignored the best investment of a decade

I think you will regret it in the future if you do that. Here in bitcoin they test everyones patience and if you quit that means you lose.

I think you can't leave BTC because this is the most profitable investment as experts say. they estimate to have it for the long term.

yeah blockchain techonolgy andbitcon can brings people financial liberty.. I wouldn't choose to leave. But I am at late 20s,  I want to experience something else that I'm passionate about, and possibly do something good for the world. Good luck mate.

we will all welcome you back when you get attracted by the price in months to come and dash you a 0.0000000001 btc as a token of appreciation, dont let FUD play on your emotions, stay here and lets embrace this powerful technology together, it has come to stay for good. BITCOIN = FUTURE, dont be one of those PANIC SELLERS, BITCOIN IS FOR DIE HARD RISK TAKERS

There is still a lot of oppurtunity that he can find outside the crypto scene , so it is ok if he will leave bitcoin . bitcoin doesnt hold our future ,   we only dictate our future .  

He isnt also a big loss to us , even if he/she is a whale and has a lot of bitcoins to sell but rather that is actually a good news because we can soon expect a hard crash and many people will use this oppurtunity to buy more coins .

Right. I'm about to leave the bitcoin. I feel no longer interested in bitcoin anymore. The bitcoin market is falling. It made me lose a lot of money. So I will look for new coins instead of bitcoin.

I think it is not a good thing to do. If you are planning to leave from the Bitcoin or crypto, actually it is a very bad thing. My opinion is, we don't give up our targets/ dreams or hopes. Maybe it will be lost, it's ok. The best thing is we need to stay with our hopes. Don't leave from your dreams. That thing is very same to the Bitcoin. Bitcoin is a most popular and very good cryptocurrency. It has a great future. I think this is the most profitable investment option in the online industry. So my opinion is don't leaving from here.

I hope someday you won't regret it, and I think you have a money that bitcoin has given to you, or you save enough money for your entire life. quitting in bitcoin is depend on the person who used it, you may back where ever you want because you have an account that you can use to continue what you have done in bitcoin.

People should not leave bitcoin because if they will leave bitcoin for sure the value of it will dump more, people should just keep supporting bitcoin because in the future bitcoin can still grow very high.

You don't rush to leave bitcoin. I think now is the right time to buy bitcoibs and sell them if the price goes up. so don't get too fast leaving bitcoin. You must consider carefully so that you are not disappointed with your decision.

The best thing is we need to stay with our hopes. Don't leave from your dreams. That thing is very same to the Bitcoin. Bitcoin is a most popular and very good cryptocurrency. It has a great future.If you leave bitcoin like this, the same bitcoin will disappear from us.

If you really love bitcoin, why not create a new site that will help users earn protection from this hacker. The Bitcoin industry needs people who are technically and professionally high on bitcoin and it is a big loss if you leave the community like that. Hope you have changed your mind and made more contributions to the bitcoin industry.

Bitcoin: return to a manipulative behavior. Which data can we believe? Sep. 10, 2018
https://youtu.be/PLDpC9x42Ls

It is your wish whether to leave the Bitcoin or not, once people who are showing interest towards Bitcoin will not leave because already they have seen growth in terms of Bitcoin from the past years. So waiting will always give good profit to the investors.

leaving Bitcoin now is not a good decision,,i would advice people to not leave Bitcoin now