Bitcoin Forum

okay, honestly. maybe. If I did sell at around $500+. it would be great. I have like 2-3 BTC still sitting. Sold a btc when it was $600. But I see no point in selling now. It could break $300 again. Too quick. call it stupidity I am hodling.

Yeah, well the price might as well hit $100. But fuck it. $225 and $100 has no difference. It might hit $220 again in a week or two.

Oh, and someone tell me again, whats the reason for this crash?  ::)

I am.  ::)

bitcoin is currency not some esoteric investment so go cry elsewhere boohoo  :'(

I blame falllling, without his properganda the crash would not have happened

how do they do it?

you mean they will sell it to $228 guy, and buy from $227. with little loss. they moved the price down.? yes, i suck at trading anyway

the exchange have their own internal database with imaginary bitcoins and fiat money.
one way would be to create alot of imaginary bitcoins and sell them to push the price down.

I am, don't know why though. Bought at 300 about a week ago and now thinking what the fuck happened. $230? really?

Fuck bitcoin.

yep. It has stung a lot, but I bought in at $5 so I can't complain. I saw this as a possibility, but I've always been more afraid of sudden increases than sudden decreases. I am now actually looking forward to $100 prices so I can buy back some of the bitcoins I sold >$1000. As always, honey badger don't give a shit.

> gets on rollercoaster
> rollercoaster goes down weeeeeeeeeeeeeee
> fuck rollercoasters!

still holding, all the way until zero, then i'll probably dump...

It's funny how some people are panicking while holding few bitcoins. There is what 12-13 millions of bitcoin beign held right now by many people and only tiny fraction of this is traded on the market . Calm down people and just buy some more to awerage price. If you think that this technology has no future then you shouldnt be here anyway. And if you decide to sell then know that it's you who is making it worse for no reason.

god, i feel awful to hold through all this year. And I only sold at $600. That was only sell. did you really sell any or hodling and regretting as well? because we have mined a lot of coins together if you remember!  :)

i sold something yes, but for necessity not because the price is bad

Sure, they will sell because we don't need internet money anymore. Go troll to fiat forums please.

i also sold for necessity. But I lost quite a bit on trading. I will hold the rest of it. Forever!

Hold on, guys, we'll see a new giant wave soon!  ;D

---
The Real O.GGGGG here: my account was hacked and the above post was not made by me. I have recovered the account with the help of the admins.

Still hodling strong over here!

I'm so much stupid. Hodl until BTC > 10k$. It maybe a year it maybe 10, or eternity... doesn't matter. Despite the price, BTC is still good way to transfer wealth...

Yes. But not by much.

Retards who trade on emotions only, and don't understand jack shit about what bitcoin really is.

You mean: they will be bought.

so everyone in this world is also a part of giant fiat ponzi scheme?

Lol go crying... I bought almost 100 coins @800...

I must ask: how does it feel right now?

I hold. Price will raise only if nobody will want sell at low price..

been holding an additional 150 or so mined coins that would normally be cashed out in phases ( about 60% over plan ) but what can you do.

if you don't believe, why bother?  ;D

Brilliant!

I am riding this coaster all the way into the ground with coins at an average buy at $500/coin. I am rather curious to (possibly) find out what buying BTC is like in the single digits.

Many got burned this past year by buying high and selling low (forced liquidation/get rich quick schemes). 2014 was a high speculative gambling era. 2015 opens up the market to those with actual investment dollars.

hey just take this at the second train, don't miss it again

you were all asking for it right?

Hodl on man! The correction will be soon over.

I just added some BTC to my stack. While it may go a bit lower, for medium/long term, these prices are a gift.

Selling at this point would be a grave mistake.

im goin down with the ship.

kinda feels like price is gonna go below 0.

Since I hold for nearly 1 year now, I almost dont care anymore. I will sink with the ship. So I risk a total loss instead of selling now. Hopes are there that it will rise again some day.

The moment i bought bitcoin, I'm already fully prepared for all these. That was the reason why i did not gamble with everything I have or put in the money I can't afford to lose. And because of that I'll just continue to hold on to it.

Most of my bitcoin is located offline to be held for along period of time.  Down with the ship baby.

People who bought were gambler, won't really call it stupid.

now is the time to sell . you can buy back if it rebounds. buy high sell low.

I sold some, I bought some and I hodl the rest. Bitcoin needs all of these and I'm supplying it. ;D

Always keep some fiat powder dry to buy when it drops, my next buy orders are sitting around $200. I can't help but love the drama and emotions these drops are causing. People who really believe they can become rich here need a lesson in humility and Bitcoin is surely teaching it. :D

yeah . i can afford to lose what i put in. i am here because i think there is another economic crisis on the horizon and the usd reserve currency is about to lose it's status . weak hands are being shaken out of gold, silver, and bitcoin as the dollar rages to new ATH's  ... (with a strong dollar we should be able to buy more of gold, silver, bitcoins anyways). the last time the usd was @ATH's was prior to the economic crash. the federal reserve started printing usd (qe - quantitative easing) and oil rocketed up to $100+ ... federal reserve stops printing and oil starts dropping and people are screaming that a high oil price moves the economy when really the high oil price was manipulation to induce inflation. now the usa is giving out free 'get your money in the banks" cards to illegal immigrants to prep for the bank bail-ins. and buy stocks @ATH's!

If the OP is stupid to hodl, then I guess the owners of the top 100 bitcoin addresses are the dumbest guys/gals on the planet.  Actually they are increasing their positions, not decreasing.

Mud people's fiat shamelessly mixing with decent, God-fearing fiat >:(

Actually you can still become rich on bitcoin one day, you just have to invest enough to get there.  Most people don't have enough balls to take the risk.  

For example, in 2012 a risk-adverse guy with $50K to invest, looking at $10/bitcoin would have only likely invested a fraction of that, say 5-10%.  Because he would've been scared to lose it all.

But a risk taker would have dumped it all into bitcoin, and would have made 10X more than the risk adverse guy.  

There's a BIG difference between a payoff of $500K and $5M.  The guy that made $500K can maybe buy a nice house, cars, and/or live off of it for a few years.  The guy that made $5M can retire for life.

"Nothing ventured, nothing really gained."

There.

Bitcoin is the financial nuclear weapon and have devastating power. I know that something very big is going to happen on bitcoin, but I just don't know when and how, the only thing I can do is to grab it first and ask questions later :D

Holding as well but don't like watching the graphs of BTC price in these last weeks.

  Western civilization is a ponzi scheme.

Sell and store my money with the banksters? So they can enslave working people with it in exchange for a few trinkets? And possibly have it  lose value due to a war or natural event like major earthquake?

 Governments survive by giving the impression that they are not going to fall apart, and yet they always do. Mathematically and morally, bitcoin remains a superior store of wealth, and a great social experiment.

^

https://c2.staticflickr.com/4/3097/2902423609_0f40549b9b.jpg

Still HODLING. 

You haven't lost money until you sell. Fuck all these bears. It'll rebound at some point. Sure, it could hit sub $100 but I seriously doubt it. Either way, it'll reach a point where too many savvy investors will capitalize on the cheap prices.

I will hodl down with this ship if I must.

I will be very sad if bitcoin goes to 0, but I would be much angrier at myself if I sold and then it went up.

Satoshi has not forsaken you, my children!
Don't let them do this to you, leave this veil of tears with dignity!

http://s27.postimg.org/ftkllayir/jimjones.jpg

I think it's stupid to keep using a meme while you continue to lose money

I'm still holding , why not ? I believe in this new technology (bitcoin).  The price is secondary , the use is primary.

Yeah, me too ;D That's the spirit.

Still holding here.  It can't go down forever!

Nah, there are many more suckers, you're not the only one. But you are stupid, I give you that.

 DONT BE STUPID, SELL NOW ,AND BUY BACK LATER

Selling isn't in their vocabulary.  They only know how to buy and hold. 

I think it is stupid to sell now. And yes we hold all bitcoins that are not lost. :-)

Not time yet.
And selling above 700$ was so easy .. after the GOX debacle a 1-2 year price correction had to come.
And STAMP is facing the same as GOX.

We will not see 1000$ this year, maybe in 2-3 years.

Long term bitcoin could be a winner, but in TECH, you never know. Something better could emerge with proper daily usage. Using not thrustworthy scamchanged will not help bitcoin grow.

Ahh getting back to the levels in price when I first heard about BTC... and got into cryptos.


IMO, Now I know how it was like last big crash back when it was getting off the ground.

I still hold buy some/ mine-exchange for more.

If it gets down to zero ( which I see as very very unlikely... but who knows ) all I have lost is some hobby money along with some free time.

To be honest, all this doom and gloom people are just pathetic in my eyes.

You can't seriously compare Bitstamp to MtGox. The two situations, companies, and their issues, are all COMPLETELY different.

How can they control the price? Aren't there other exchanges as well?

yes but those holders.  at least of 10m btc bought in or mined when prices were well below $10.  they dont care about those that bought in the last 18 months who are now significantly under in their gambles/investments.

Me too.  I see it as having bought a lottery ticket for the long run, with a drawing 20 - 30 years from now.  I expect it to go to 0, but I hope to win and have a great retirement :-)  Like with any lottery ticket, but this one is fun !

Not stupid.  If it is stupid to hold, I must be insane buying.  Soon... very soon I will be buying some big chunks!

*CHOMP*  *CHOMP*

if it goes down to $10. so be it. I indeed wasted time and money here. That is all. Not much really. about around $1000 i guess. I will forget about it anyway.

What an exit plan! Strangely, it is also my backup plan :D

I'm selling. And then shorting. Been that way for a bit though.

If you're still long, you better be in the LONG term because it aint going back $500 anytime soon.

That was my idea when buying a few coins from the start: to hold them 15 - 20 years at least.

Of course hold! I think this is the best chance you'll get if you are not deep into Bitcoin yet to get started and buy some. I keep buying even though I already have a substantial amount.

Bitcoin is risky investment in experimental technology.
Those greedy monkeys who expected insane profits in short time and sold their houses to get in with maximum leverage deserve being burnt and lost everything. They are just food for market sharks.

Those, who invested as much as they can afford to lose and have patience being calm and wait for years, will eventually win.

The smart move is to be buying more (and also trading) to dramatically lower your average cost.

I disagree completely. You should not be buying any Bitcoin at this price. Not a single one. We are far from the bottom.

YES.

Shorting after the price gone down this much is a little risky.

how long is a longtime ?? we saw it rocket up to almost 500 only a few weeks ago from these kinds of lows.

Same, im holding until 0. Why? well, dont got much to lose... but a lot of people out there has a lot to lose so I understand the fear. Nobody say it would be easy tho.

yeah, yeah, keep hodling  ;D

I have been spending BTC recently, fuck hodling.

Everyone was saying they would spend all they have as soon as it hit 220 or lower, now look at most of you! "We're far from the bottom", <begin sarcasm> If you're a fortune teller, by al means let me know what the bottom will be, when we hit it, and when we hit the top. Also please advice on stock market, i'll be happy to pay for these services <end of sarcasm>.

You know, bitcoin is much bigger news these days than in 2011. Much more investors are reading about it. This could mean one of two outcomes -

Some investors from wall street will read the news and stay the fuck away from it for good, while others might see this massive correction is going to upswing if bitcoin doesn't die. So, I can imagine the second group will be checking signs of life in the next few weeks. If it doesn't completely collapse (I don't think it will) some of those guys are going to buy in for the long term. If it starts to upswing, we could see more of them pile in.

I'm thinking that the second possibility is stronger than the first, so I'm holding for now. If it all collapses, then I accept the consequences and move on.

Just buy $1 worth of BTC, you wont be disappointed either direction BTC goes. *Shruggs*

The price is already shooting back up. Anyone selling at 150 will probably end up buying back in a lot higher.

Why do you assume the only choice is to be bullish? 

I'm still holding  ;D

If you are longterm bearish it is based on unforeseeable factors. If you are bullish it is based on a realistic assessment of Bitcoin's potential.

   Bearish in the short term is reasonable, but pointless, since it only really leads to speculation, which is ultimately harmful to the community. You may win in the short term, but eventually someone with more money will come along and eat you alive. Unless you're the Rothschild's financing both sides of WW 3. And if you keep your money in a bank, you are helping them do it.

   Anyway, those are some reasons being a bull is the best option.

   Considering the wildlife, bulls can survive in the wild or domesticated, while bears don't do well cohabiting with humans. So bulls are likely to do alright regardless of how human civilization fares.

Filthy bovines in the wild are a menace & must be shot on sight:
"In just a few decades, the cows wreaked havoc on Hawaiian settlements. A bull’s horns can grow as large as six feet across, and reports of cows destroying thatched houses, rampaging over farms, and injuring and killing people and horses were common. Scottish botanist David Douglas, for whom the Douglas fir is named, was killed by a wild Hawaiian bull in 1834."

Domestic bulls are good for two things only: Boning cows and going to the slaughter.

Disgusting animal, bull.  Eats own vomit.  The nerve, comparing filthy bull to the noble, majestic bear >:(

It was really really hard over the last days not to panic sell. I wonder how many people sold around $170 and are now buying back, panicking. Maybe we'll go back into the $100s again, just so they can lose some more coins. It's sad, but this is how the human brain works. It's not always on our side.

You and I both. I sold and took a large profit after the $1000+ pump and then re-bought back in at $500 with principle and post-pump earnings. Needless to say, it's been a rough year and with the recent declines, it's even harder not to pull the sell trigger.

Making money on BTC is nice, but I got in initially as an investment store for extra cash I was tired of making .0000000001% on through my savings account. I don't worry as much about the price as I do the exchanges folding and with few places to spend it yet. I'd really like to see the infrastructure grow to use it. I hear Uber may be collaborating with Coinbase...

Well if you're in it for the mid- or long-run, you should definitely keep your BTC off-exchange. Only keep BTC in an address whose private key you hold (and only you). It's hard for traders to do that, but if you're only trading at bigger intervals, this is the way to go.

If bitstamp had done a gox I bet all the clever traders would have wished they had held in their own wallets. I would rather take a virtual loss when bitcoin's price tanks than lose the lot in a folding exchange.

Absolutely. My coins are kept in my own personal wallet. No way would I trust them to anything or anyone else. As for the exchange, I was inferring about them folding and me having no where to buy them (besides locally) or no where to buy merchandise from large scale retailers (most companies go through an exchange instead of processing the transactions themselves).

Yeah, all the insisting on keeping coins safe in offline wallets and in addresses under your control, we of course need reputable exchanges you can safely use in order to buy new coins. Exchanges going under and making the news in CNN aren't exactly good PR for Bitcoin.

If you want to make money trade with the trend.  Right now that's shorting the pops

Not just "anyone" but MOST people are still holding.  The trading volume is made up of mostly speculators but most Bitcoin users and pretty much all "believers" are in it for the long term.  So you can bet they are holding.