Selling at the top is a myth, trying to do so will only lose your investment. I bet a lot of people like this dumped at $250 because they figured it was peaking.
Yeah, but those people probably made a big profit also. If you bought at 50 and sold at 250 it's probably because you had enough profit to step out. Nothing wrong with that. Those people didn't lose their investment, they made a profit no bank could ever give them on their savings. The people who bought those coins at 250 and sold at 1250 probably thought the same thing. Enough is enough. At the moment I just feel sorry for the people who bought the coins at 1250.. they must be really nervous now  But maybe in a year they sell their coins at 6250 and the whole thing repeats itself again. |
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I'm thinking of getting a loan to buy more bitcoin, as I'm guessing we'll reach $10K in a few months it can be a good deal to lend at a bank against 5% anual rate
Did anyone do this before? Would like some experience advice There have been many people in here asking about the same thing and I think it's a recipe for disaster and would not recommend it. Invest what you can afford to lose, if you become too greedy it could very well come back and bite you in the ass (and karma says it will). You will live in regret for the rest of your life. Don't do it, if bitcoin succeeds a few bitcoins will be enough to buy a house or two. Let's say someone took a loan of $100k in september and put it into Bitcoin, he would have made about $900k minus interest in just less than 2 months. There's no going wrong here. If I take a loan now of $100k and put it into Bitcoin, it might be worth 10x in just a few months. Worst case scenario it will bubble to $9k and back to $1k, then I would have only lost the interest on the loan. It's a winner bet to become a millionaire from just one simple move at the moment, with no losing edge in sight. Calling a $9k bubble and back to $1k the "worst case scenario"... Still believe this?  |
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Up for one whole hour and some are already talking about uptrend ROFLMAO |
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If no more money cannot go in, owning Bitcoin for Chinese must be extremly valuable, the price will go much higher in China, Bitcoins can be used to move wealth out of China
Yeah, that's what we are seeing now  |
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Would't take advice from those guys who didn't invent facebook
Didn't you watch the Social network ? I did |
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Would't take advice from those guys who didn't invent facebook
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I'm holding ... who needs China  No kidding. A few months ago we didn't know there were Chinese bitcoiners. Yes, when bitcoin was 100 USD |
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Don't know. Yesterday BTC38 announced that from now on they will not be making anouncements for new coins to be added, because those anouncements are driving up the price.
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Complete non-news. Because some bloke tweets that a comment of Bobby Lee implies that BTCChina will be launching LTC trading soon, CryptoCoinsNews brings this as "breaking news". Don't get me wrong: I DO hope some of the big exchanges like BTCChina and Mt Gox will pick up LTC, but this just isn't the 'breaking news' yet. |
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I am VERY satisfied with Kraken. Deposits are always quick, one time a LTC deposit took longer than it should be, but after 24 hours after it became fully confirmed on the blockchain it came through on Kraken. Don't know what the problem was. SEPA Withdrawals from Kraken are incredibly fast. Most of the time it takes 1 business day before I have it on my bank account, and one time I even had it the same day |
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Nice son you are.
Your dad probably didn't become a millionare by borrowing 1 million USD from his father under false pretenses and put in something speculative as Bitcoin.
You should be ashamed of yourself by borrowing the money for something you know he would not approve and you know very well you will never be able to pay it back if your investment fails and you lose a substantial amount of the money.
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I did. Sold part of my bitcoins. I do that at every significant ATH.
Because I truly believe one day this whole scam will be finished. And I don't want to be the one without a chair when the music stops.
What makes you think bitcoin is a scam? I think it's a hype, like the dutch tulips mania or some sort of pyramid scheme. I exists purely on the basis of greed, like every bubble. Easy money. Too easy if you ask me. Look at China at the moment. The Chinese are buying altcoins like crazy. Nobody asking themselves what they can actually DO with them. Only thinking at the profits. Quark for example exploded. Everyone wanted them suddenly for some reason. Enormous price rise. I think today a lot of people are wondering what the f*ck got into them buying that useless coin at today's prices. It will fall quickly in the coming weeks. With bitcoin it will be the same, only more time and money are involved because it's better known and "established". [edit]: But of course I can be wrong. Time will tell. You clearly understand nothing about the bitcoin protocol and what innovations and opportunities it brings to the world. Glad people like you get rid of their coins, I hope you get rid of them all soon. The speculative bubble will deflate sooner or later, but the underlying value of the protocol itself remains and that value will continue to grow at its own pace, regardless of the speculators who are only in it for the 'money' and are too retarded to understand this technology. I think we are both happy then But yes, I do understand the protocol and how it works technically. But I just don't see the opportunities you think bitcoin has for the world. Or better said: I don't see what the current market value adds to the technical innovation bitcoin brings. If you're only in it for the innovation as method of payment it's better to have a coin with low but stable value, instant transaction confirmation and then it wouldn't matter if you use bitcoins or any other kind of cryptocurrency. As long as it has stable value and acceptance among those who want to use this method of payment. And for "store of wealth"-purposes I would use more tradiational and real things like gold or platinum. And not the bank certificates that entitle you to a certain amount of the precious metal, but the real thing, gold coins. There is a very good reason gold is a true store of value: It's always and everywhere accepted as payment when all hell breaks loose like in a war or a nature disaster. I don't think something like bitcoin will be accepted under those circumstances. I hope you understand what I mean, English is not my own language so it's hard to explain it correctly  English isn't my native language either, I'm Dutch like you probably are as well. Klopt  But bitcoin's greatest advantage isn't its usefulness as a store of value, but its usefulness as a way to transfer wealth wherever you want it to. Like e-mail is superior to sending letters and postcards through the postal mail, bitcoin is a superior way to send/transfer wealth. What does this say about the real value of a bitcoin? Well, there are only 12 million bitcoins in existence right now and if the masses truly start discovering the advantages of using bitcoin like they discovered the advantages of using e-mail, then even $100,000 per bitcoin will seem very very cheap. But the innovation lies in the technical part, not in the value or the name Bitcoin. People think Bitcoin is scarce, but cryptocurrency isn't. The number of Bitcoin is limited, but you can just as easily use an alternative like Litecoin or Feathercoin if the technique is all you care about. If the technique of Bitcoin is going to be accepted more, alternatives will also emerge. And then the fact that the number of Bitcoin is limited isn't that interesting anymore. And the price will therefore drop. |
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I did. Sold part of my bitcoins. I do that at every significant ATH.
Because I truly believe one day this whole scam will be finished. And I don't want to be the one without a chair when the music stops.
What makes you think bitcoin is a scam? I think it's a hype, like the dutch tulips mania or some sort of pyramid scheme. I exists purely on the basis of greed, like every bubble. Easy money. Too easy if you ask me. Look at China at the moment. The Chinese are buying altcoins like crazy. Nobody asking themselves what they can actually DO with them. Only thinking at the profits. Quark for example exploded. Everyone wanted them suddenly for some reason. Enormous price rise. I think today a lot of people are wondering what the f*ck got into them buying that useless coin at today's prices. It will fall quickly in the coming weeks. With bitcoin it will be the same, only more time and money are involved because it's better known and "established". [edit]: But of course I can be wrong. Time will tell. You clearly understand nothing about the bitcoin protocol and what innovations and opportunities it brings to the world. Glad people like you get rid of their coins, I hope you get rid of them all soon. The speculative bubble will deflate sooner or later, but the underlying value of the protocol itself remains and that value will continue to grow at its own pace, regardless of the speculators who are only in it for the 'money' and are too retarded to understand this technology. I think we are both happy then But yes, I do understand the protocol and how it works technically. But I just don't see the opportunities you think bitcoin has for the world. Or better said: I don't see what the current market value adds to the technical innovation bitcoin brings. If you're only in it for the innovation as method of payment it's better to have a coin with low but stable value, instant transaction confirmation and then it wouldn't matter if you use bitcoins or any other kind of cryptocurrency. As long as it has stable value and acceptance among those who want to use this method of payment. And for "store of wealth"-purposes I would use more tradiational and real things like gold or platinum. And not the bank certificates that entitle you to a certain amount of the precious metal, but the real thing, gold coins. There is a very good reason gold is a true store of value: It's always and everywhere accepted as payment when all hell breaks loose like in a war or a nature disaster. I don't think something like bitcoin will be accepted under those circumstances. I hope you understand what I mean, English is not my own language so it's hard to explain it correctly i used to think it was a scam too when i first got into bitcoin. thats why i chose the username bit con. seeing that price crash from $32 to $3 or whatever it was really shattered my faith in this new currency. thats just how this game works... those easily discouraged lose out. those that have balls / ovaries of steel prevail.
That's the difference between us I think. I think buying in at 60 and selling at current prices isn't losing out, it's taking a big and real profit. And i'm not selling it all, just a significant portion. If and when it hits a figure like $ 2000, I will sell a significant amout also. And so on, taking profits while not selling everything. You call it a game, that's exactly what I take it for. A game, like horsebetting or poker. youre smart to sell of only a small fraction. thats the way to do it. you didnt lose out by buying at 60 and selling at current prices. thats the right move. the only way you lose big gains is if you sell too much like i did when it broke the first ATH and not having many coins left as new ATHs are reached. buying and holding doesnt seem like a bad idea in retrospect now. That's the whole point: the brilliance of hindsight is all that's certain with bitcoin |
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i used to think it was a scam too when i first got into bitcoin. thats why i chose the username bit con. seeing that price crash from $32 to $3 or whatever it was really shattered my faith in this new currency. thats just how this game works... those easily discouraged lose out. those that have balls / ovaries of steel prevail.
That's the difference between us I think. I think buying in at 60 and selling at current prices isn't losing out, it's taking a big and real profit. And i'm not selling it all, just a significant portion. If and when it hits a figure like $ 2000, I will sell a significant amout also. And so on, taking profits while not selling everything. You call it a game, that's exactly what I take it for. A game, like horsebetting or poker. |
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I did. Sold part of my bitcoins. I do that at every significant ATH.
Because I truly believe one day this whole scam will be finished. And I don't want to be the one without a chair when the music stops.
What makes you think bitcoin is a scam? I think it's a hype, like the dutch tulips mania or some sort of pyramid scheme. I exists purely on the basis of greed, like every bubble. Easy money. Too easy if you ask me. Look at China at the moment. The Chinese are buying altcoins like crazy. Nobody asking themselves what they can actually DO with them. Only thinking at the profits. Quark for example exploded. Everyone wanted them suddenly for some reason. Enormous price rise. I think today a lot of people are wondering what the f*ck got into them buying that useless coin at today's prices. It will fall quickly in the coming weeks. With bitcoin it will be the same, only more time and money are involved because it's better known and "established". [edit]: But of course I can be wrong. Time will tell. |
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I did. Sold part of my bitcoins. I do that at every significant ATH.
Because I truly believe one day this whole scam will be finished. And I don't want to be the one without a chair when the music stops.
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I made a withdrawal to BTC-e (address 16JL7nVLna21T1BhhK3BnYeEeUP6V1jCic )and received a confirmation email over 3 hours ago, but according to blockchain this address has not been used on the network.
Anyone else having issues? (and yes I have messaged chat support, just waiting for a reply)
I made a withdrawal from Gox 5 or 6 hours ago, also to a BTC-E address, but it didn't yet show up on the blockchain and it isn't received at the deposit address yet. Sent the Gox team an email. The withdrawal finally came through. For other people waiting for btc withdrawals: just go to sleep, your coins will probably arrive the next day. |
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Did you use two factor authentication?
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I made a withdrawal of 1.1 BTC to my blockchain wallet more than 24 hours ago. There was no option anymore, the 0.001 (almost $1) fee was automatically included. It has not shown on the blockchain, not even unconfirmed with the txid they gave me a161804df1d05390d48e22d059379a17faa597b76d9e269fe1521b03b4fe6775.
I opened a ticket, but I can only imagine how long that will take them to get to. I may just stop using them altogether. As ti is, I only deposit BTC in there to arb from other exchanges and peg the funds in USD, but even at 20%, it is not worth it if large transactions just go missing.
How long it may take I just hope we get our BTC in the end. I already missed todays 'fontas pump' on btc e because of this  |
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I made a withdrawal to BTC-e (address 16JL7nVLna21T1BhhK3BnYeEeUP6V1jCic )and received a confirmation email over 3 hours ago, but according to blockchain this address has not been used on the network.
Anyone else having issues? (and yes I have messaged chat support, just waiting for a reply)
I made a withdrawal from Gox 5 or 6 hours ago, also to a BTC-E address, but it didn't yet show up on the blockchain and it isn't received at the deposit address yet. Sent the Gox team an email. |
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