Bitcoin Forum

Bitcoin => Project Development => Topic started by: bitstarter on June 03, 2011, 07:39:57 PM



Title: How committed are you to BitCoin?
Post by: bitstarter on June 03, 2011, 07:39:57 PM
So are you at the point of no return and fully vested into the BitCoin eco-system ?

Throwing all your cards in or staying back and watching the action?
 ;D


Title: Re: How committed are you to BitCoin?
Post by: tito13kfm on June 03, 2011, 10:17:22 PM
I'm in about 10% of my total investments (admittedly small, but I'm poor).

I'd drop it in a heartbeat if I see a possible loss or other problem or if returns slow too much.

I don't believe in it as a currency.  There are so many glaring issues that need to be addressed that people just seem to ignore when brought up.  Also, the market is so volatile right now, I would never spend a single coin for fear it would rally again.

I treat it like I do my gold reserves.  Stockpile and dump if I see problems coming.


Title: Re: How committed are you to BitCoin?
Post by: bitstarter on June 03, 2011, 10:29:29 PM
I'm in about 10% of my total investments (admittedly small, but I'm poor).

I'd drop it in a heartbeat if I see a possible loss or other problem or if returns slow too much.

I don't believe in it as a currency.  There are so many glaring issues that need to be addressed that people just seem to ignore when brought up.  Also, the market is so volatile right now, I would never spend a single coin for fear it would rally again.

I treat it like I do my gold reserves.  Stockpile and dump if I see problems coming.

I couldn't agree more with your thinking. One thing I do see missing in regards to Bitcoin is the issue of trust. This is one thing you can't take away even in a p2p   "currency" system and that human element of trust. It is an issue that is overlooked  and not talked about to much here on the boards but then again we are pretty early on into this so things still have to play out!
 ;D


Title: Re: How committed are you to BitCoin?
Post by: TradersEdgeDice on June 03, 2011, 10:56:56 PM
Who do you work for?


Title: Re: How committed are you to BitCoin?
Post by: bitstarter on June 03, 2011, 10:59:58 PM
Who do you work for?

I'm confused this is the 2nd time you've asked me this ? ???


Title: Re: How committed are you to BitCoin?
Post by: AntiVigilante on June 03, 2011, 11:13:59 PM
Who do you work for?

I'm confused this is the 2nd time you've asked me this ? ???

Trust. Get it? Irony? No. Sad.

We have web of trust.


Title: Re: How committed are you to BitCoin?
Post by: bitstarter on June 03, 2011, 11:16:08 PM
Who do you work for?

I'm confused this is the 2nd time you've asked me this ? ???

Trust. Get it? Irony? No. Sad.

We have web of trust.

Unfortunately, he asked me on another thread not related to the topic at hand or I would consider it irony! lol 

It's more like creepy ... :o


Title: Re: How committed are you to BitCoin?
Post by: niklas_a on June 03, 2011, 11:33:09 PM
Quote
I'd drop it in a heartbeat if I see a possible loss or other problem or if returns slow too much.

That is a very risky strategy. BitCoin could lose it's value and/or liquidity in minutes. Any trader trying to outsmart the market has to be really, really smart.


Title: Re: How committed are you to BitCoin?
Post by: FreeMoney on June 04, 2011, 04:15:43 AM
I'm in about 10% of my total investments (admittedly small, but I'm poor).

I'd drop it in a heartbeat if I see a possible loss or other problem or if returns slow too much.

I don't believe in it as a currency.  There are so many glaring issues that need to be addressed that people just seem to ignore when brought up.  Also, the market is so volatile right now, I would never spend a single coin for fear it would rally again.

I treat it like I do my gold reserves.  Stockpile and dump if I see problems coming.
[/quote

Why aren't people buying coins until their marginal coin is worth the exchange price to them?

So you have 20 coins, and would not dare risk only having 19, but don't care enough to get 21?



Title: Re: How committed are you to BitCoin?
Post by: tito13kfm on June 04, 2011, 07:03:22 AM
I'm in about 10% of my total investments (admittedly small, but I'm poor).

I'd drop it in a heartbeat if I see a possible loss or other problem or if returns slow too much.

I don't believe in it as a currency.  There are so many glaring issues that need to be addressed that people just seem to ignore when brought up.  Also, the market is so volatile right now, I would never spend a single coin for fear it would rally again.

I treat it like I do my gold reserves.  Stockpile and dump if I see problems coming.

Why aren't people buying coins until their marginal coin is worth the exchange price to them?

So you have 20 coins, and would not dare risk only having 19, but don't care enough to get 21?

I consider BTC to be a very high risk investment.  My portfolio consists of Bonds, Stocks, Gold, Silver, and now BTC.  Perhaps I'm foolish for investing so little, perhaps I'm foolish for buying so much.

The worst part... I heard about BTC from a coworker in October.. I laughed... They started mining.  Silly me.


Title: Re: How committed are you to BitCoin?
Post by: Reikoku on June 04, 2011, 09:06:42 AM
Not very, yet, but I'm about 80% confirmed buying two dual-5870 rigs this weekend for dedicated mining, so then I guess I'll be pretty committed.


Title: Re: How committed are you to BitCoin?
Post by: riki on June 04, 2011, 12:41:46 PM
I just finished coding a nice portal for deepbit for windows for automated statistics gathering and instant payout support. When I start coding for something. I'm all in! lol


Title: Re: How committed are you to BitCoin?
Post by: drgr33n on June 04, 2011, 12:52:55 PM
I'm a lot more committed than most of you guys. I can see a few problems that could pop up over the next few years and realize that bitcoins could loose value in a heartbeat but you are ignoring the fact that bitcoins have been on the increase for a while now. There is a increase for this rapid rise and its supply in demand. There's not many companies that are accepting bitcoins and I don't blame them its a risky buisness so why is there such a big demand ?

I think its got to do with the world is coming to realize that the existing systems they trust in are failing them everyday. As the trust dwindles for banks / governments people are ready to accept an alternative, Bitcoin is that alternative ! Something different, something transparent and uncontrollable. and that why people invest and the price just keeps going up and up.

It amazes me that so many people are adopting bitcoin when it still is very fragile and unpredictable. But I also think the sh%^ is about to hit the fan. I'm still a bitcoin newb and don't know the exact figures but I remember when I first heard about bitcoin at the beginning of April bitcoins were selling for around 0.70 and the total value was estimated at 9000000. Today bitcoins are selling for around 12 so in theory that's a 1614% increase in value making bitcoins total value at 145,260,000 and rising. And all this in just under two months !! It's crazy lol

Not to mention the amount of people investing in bitcoin is HUGE look how much buisness goes on over the markets. Bitcoins shift like hotcakes 24/7 ! I think there's far to many people in for the long run to cause the market to crash but I might be wrong who knows.

All I know is that I'm proud to be part of bitcoin and glad I found out about all this and invested in the good days of 0.70. Bitcoin has made me money full stop and I have a couple of very nice computers that I have acquired for free. It's been a fun and rewarding experience from the start and I'm looking forward to seeing how far this rabbit hole goes ;)  

This post should really be moved to a more appropriate thread :D


Title: Re: How committed are you to BitCoin?
Post by: Kolky on June 04, 2011, 01:00:06 PM
I'm all in. However I'm not going to invest all my savings into it, just some small sums to make it fun. Not because I don't believe in it, but because I'm affraid that I won't be able to take all the money I've earned and use it IRL for buying goods or paying rent...


Title: Re: How committed are you to BitCoin?
Post by: TradersEdgeDice on June 04, 2011, 01:48:08 PM
Who do you work for?

I'm confused this is the 2nd time you've asked me this ? ???

Trust. Get it? Irony? No. Sad.

We have web of trust.

Unfortunately, he asked me on another thread not related to the topic at hand or I would consider it irony! lol  

It's more like creepy ... :o

If you would like to talk about creepy, your other thread was called "Introduce Yourself":
http://forum.bitcoin.org/index.php?topic=11452.0

It generated a boat load of trusting n00b comments.

I asked who you work for.  A reasonable question as the thread title started making me hum the song "Mrs. Robinson" from the movie _The_Graduate_.

Look up the lyrics. :-)

Your second thread, this one, asks how committed I, and others, might be to bitcoin.  Is this a political movement?

I don't want to drive you away from the forum with a nasty "none of your business" response so I put the question out again: who do you work for?

It's not like you have 4000 messages to your name.  Neither do I but am not asking why are people are doing what they're doing here.

Bitcoin doesn't require trust.  Only intersecting interests at the point trade might begin.

I will not call a trend on two thread titles but they both look like psyops queries.

Or "creepy", if you will.


Title: Re: How committed are you to BitCoin?
Post by: tito13kfm on June 04, 2011, 04:36:58 PM
Who do you work for?

I'm confused this is the 2nd time you've asked me this ? ???

Trust. Get it? Irony? No. Sad.

We have web of trust.

Unfortunately, he asked me on another thread not related to the topic at hand or I would consider it irony! lol  

It's more like creepy ... :o

If you would like to talk about creepy, your other thread was called "Introduce Yourself":
http://forum.bitcoin.org/index.php?topic=11452.0

It generated a boat load of trusting n00b comments.

I asked who you work for.  A reasonable question as the thread title started making me hum the song "Mrs. Robinson" from the movie _The_Graduate_.

Look up the lyrics. :-)

Your second thread, this one, asks how committed I, and others, might be to bitcoin.  Is this a political movement?

I don't want to drive you away from the forum with a nasty "none of your business" response so I put the question out again: who do you work for?

It's not like you have 4000 messages to your name.  Neither do I but am not asking why are people are doing what they're doing here.

Bitcoin doesn't require trust.  Only intersecting interests at the point trade might begin.

I will not call a trend on two thread titles but they both look like psyops queries.

Or "creepy", if you will.

You have to remember that nearly every single forum online has an "Introduce yourself" thread.  It's a good way to get a post under your belt, let people know an interesting fact, and have a verifiable record in case you start to crosspost lies.

I am a 30 year old male from Ohio.  I like cats.  I came here after i heard about bitcoins for just the third time in a week.  I don't think that's creepy at all.  It's nice to put a tidbit of info to associate with a username.

Although I usually just post Sympathy for the Devil lyrics in introduce yourself threads.

Please allow me to introduce myself
Im a man of wealth and taste
Ive been around for a long, long year
Stole many a mans soul and faith
And I was round when jesus christ
Had his moment of doubt and pain
Made damn sure that Pilate
Washed his hands and sealed his fate
Pleased to meet you
Hope you guess my name
But what's puzzling you
Is the nature of my game

I think asking somebody who they work for in is quite a bit more personal and creepy than asking for a sex, age, and location.

Edit: By your username and signature it's obvious who you work for.  I just find it funny that you are selling a product for $49.99 or 49.99BTC.  That's 17x the price at current market rate.  I think the dice are a cool idea, and would LOVE to see some metal D&D style dice, but at that exchange I'd rather build my own foundry, smelt the iron, and cast them myself.

Edit2: Also, if everybody responded to this thread like I did, showing that it was purely a speculative bubble then it would be a fairly strong indication to not get involved if you want to use it as a real currency.  There have been many attempts at BTC like digital currency in the past.  They have all failed.  It's nice to know what peoples expectations are before blowing a wad to purchase some.


Title: Re: How committed are you to BitCoin?
Post by: bitstarter on June 04, 2011, 07:23:39 PM
Who do you work for?

I'm confused this is the 2nd time you've asked me this ? ???

Trust. Get it? Irony? No. Sad.

We have web of trust.

Unfortunately, he asked me on another thread not related to the topic at hand or I would consider it irony! lol  

It's more like creepy ... :o

If you would like to talk about creepy, your other thread was called "Introduce Yourself":
http://forum.bitcoin.org/index.php?topic=11452.0

It generated a boat load of trusting n00b comments.

I asked who you work for.  A reasonable question as the thread title started making me hum the song "Mrs. Robinson" from the movie _The_Graduate_.

Look up the lyrics. :-)

Your second thread, this one, asks how committed I, and others, might be to bitcoin.  Is this a political movement?

I don't want to drive you away from the forum with a nasty "none of your business" response so I put the question out again: who do you work for?

It's not like you have 4000 messages to your name.  Neither do I but am not asking why are people are doing what they're doing here.

Bitcoin doesn't require trust.  Only intersecting interests at the point trade might begin.

I will not call a trend on two thread titles but they both look like psyops queries.

Or "creepy", if you will.


"Your second thread, this one, asks how committed I, and others, might be to bitcoin.  Is this a political movement?"

No, political motivation here and I work for myself ? I'm here to grow with the community I'm assuming this isn't a crime to do so? and like alot of forums have an "introduce yourself" thread ...just like the poster said above. I disagree it does require trust as we are seeing here you are questioning my motives which in turn if you did against a new technology would make people hesitant about getting into it .. everything is built on TRUST!  ;D


Title: Re: How committed are you to BitCoin?
Post by: TradersEdgeDice on June 05, 2011, 12:20:20 AM
Welcome to the forum.

You're right but I am still not telling you my level of commitment.

:-)


Title: Re: How committed are you to BitCoin?
Post by: bitstarter on June 05, 2011, 12:22:28 AM
Welcome to the forum.

You're right but I am still not telling you my level of commitment.

:-)

lol ...and you are perfectly in your right not to tell me your level of commitment ...it was more to find out the feel of the community and where peoples mindset is with all this!

And thanks for the welcome!  ;)


Title: Re: How committed are you to BitCoin?
Post by: TradersEdgeDice on June 05, 2011, 03:45:12 PM


Edit: By your username and signature it's obvious who you work for.  I just find it funny that you are selling a product for $49.99 or 49.99BTC.  That's 17x the price at current market rate.  I think the dice are a cool idea, and would LOVE to see some metal D&D style dice, but at that exchange I'd rather build my own foundry, smelt the iron, and cast them myself.


Just clicked " buy now with BTC "


Make a Payment

Pay to:    tradersedgedice
Payment Amount:    2.82 BTC (49.99 USD @ 17.71)


Nothing about 49.99 BTC.


Title: Re: How committed are you to BitCoin?
Post by: tito13kfm on June 05, 2011, 06:06:22 PM


Edit: By your username and signature it's obvious who you work for.  I just find it funny that you are selling a product for $49.99 or 49.99BTC.  That's 17x the price at current market rate.  I think the dice are a cool idea, and would LOVE to see some metal D&D style dice, but at that exchange I'd rather build my own foundry, smelt the iron, and cast them myself.


Just clicked " buy now with BTC "


Make a Payment

Pay to:    tradersedgedice
Payment Amount:    2.82 BTC (49.99 USD @ 17.71)


Nothing about 49.99 BTC.

There seems to be an issue with the website then.  When I switch the exchange to Bitcoin, the price says 49.99BTC, and if I try to add it to shopping cart it tells me "shopping cart is empty".  If I add it in USD, then switch to Bitcoin, it goes to my shopping cart but shows 49.99BTC

Here's a picture to show you what I mean.  http://i.imgur.com/wp9eG.jpg (http://i.imgur.com/wp9eG.jpg)


Title: Re: How committed are you to BitCoin?
Post by: TradersEdgeDice on June 05, 2011, 06:13:07 PM


Edit: By your username and signature it's obvious who you work for.  I just find it funny that you are selling a product for $49.99 or 49.99BTC.  That's 17x the price at current market rate.  I think the dice are a cool idea, and would LOVE to see some metal D&D style dice, but at that exchange I'd rather build my own foundry, smelt the iron, and cast them myself.


Just clicked " buy now with BTC "


Make a Payment

Pay to:    tradersedgedice
Payment Amount:    2.82 BTC (49.99 USD @ 17.71)


Nothing about 49.99 BTC.

There seems to be an issue with the website then.  When I switch the exchange to Bitcoin, the price says 49.99BTC, and if I try to add it to shopping cart it tells me "shopping cart is empty".  If I add it in USD, then switch to Bitcoin, it goes to my shopping cart but shows 49.99BTC

Here's a picture to show you what I mean.  http://i.imgur.com/wp9eG.jpg (http://i.imgur.com/wp9eG.jpg)

Damn.  I didn't even notice that.  I think that may have happened when I installed an incomplete bitcoin add on for my cart.

ugh.  Thanks for the heads up. I need to go fix it now.


Title: Re: How committed are you to BitCoin?
Post by: tito13kfm on June 05, 2011, 06:17:22 PM


Edit: By your username and signature it's obvious who you work for.  I just find it funny that you are selling a product for $49.99 or 49.99BTC.  That's 17x the price at current market rate.  I think the dice are a cool idea, and would LOVE to see some metal D&D style dice, but at that exchange I'd rather build my own foundry, smelt the iron, and cast them myself.


Just clicked " buy now with BTC "


Make a Payment

Pay to:    tradersedgedice
Payment Amount:    2.82 BTC (49.99 USD @ 17.71)


Nothing about 49.99 BTC.

There seems to be an issue with the website then.  When I switch the exchange to Bitcoin, the price says 49.99BTC, and if I try to add it to shopping cart it tells me "shopping cart is empty".  If I add it in USD, then switch to Bitcoin, it goes to my shopping cart but shows 49.99BTC

Here's a picture to show you what I mean.  http://i.imgur.com/wp9eG.jpg (http://i.imgur.com/wp9eG.jpg)

Damn.  I didn't even notice that.  I think that may have happened when I installed an incomplete bitcoin add on for my cart.

ugh.  Thanks for the heads up. I need to go fix it now.

Lol, yeah.  I thought you were actually charging the equivalent of $900 for some (very nice) dice.


Title: Re: How committed are you to BitCoin?
Post by: TradersEdgeDice on June 05, 2011, 06:35:18 PM
All fixed now.

Apparently, removing the module didn't remove the entry in the currencies table.

Thank you for that kind word on my dice.  :-)


Title: Re: How committed are you to BitCoin?
Post by: bitstarter on June 07, 2011, 02:04:22 PM
60 percent all in this is good news! ;D