Forget about how much Fiat you paid and just be happy you have some coins.
It's not about the Fiat anymore, it's about the Bitcoin.
Well he still needs to worry about his bitcoin's buying power doesn't he? |
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Can everyone just accept that China's completely out of the game and not let them affect the price for the rest of the world?
I mean I'm glad we have more opportunities to buy in cheap... but they are delaying us from reaching new ATHs
Wrong, you fool. China volume > US volume. Get a clue. Anyways, Taobao is not a significant way in which Chinese acquire BTC. The volume on Huobi, FXBTC, ChBTC, etc. are all driven by bank card transfer. So long as this method exists, people in China will be able to buy/sell BTC easier than anywhere else in the world. Yes the volume is higher, but most likely because they have reintroduced zero fees and the fraudulent trading will resume, which is probably why the prices were going up fast again. The chinese will fake their trading volumes and prices to lure people in to pay falsely inflated prices. http://www.coindesk.com/chinese-bitcoin-exchange-okcoin-accused-faking-trading-data/Either way don't disrespect me like that you fucking tool |
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Can everyone just accept that China's completely out of the game and not let them affect the price for the rest of the world?
I mean I'm glad we have more opportunities to buy in cheap... but they are delaying us from reaching new ATHs
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You bought into a highly volatile asset during its all time peak... what did you expect?
Like others said ITT, just wait.
I bought LTC at $32, same thing is happening to me... but I'm not worried
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Good luck OP
That is just fucked up how the manager said "you are selling bitcoin, and they are our direct competition so we don't condone this"... wow, fuck em.
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So did anyone buy porn with bitcoin?
In SR 2.0 there are a lot of vendors who sell premium accounts of Brazzers.com and other porn giants for BTC. Also there are some vendors who sell porn DVDs for BTC. I am not sure whether all of them are legal or not.  I'm not into child pornography |
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People are taking interest because of how fast the value of bitcoin increased.
You have those who are interested in getting rich and those who feel like they missed out. Some of them in between or more from the latter write their analysis about why bitcoin is unsustainable without doing much research. Most journalists still have a hard time understanding what bitcoin is capable of
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if btc goes to 2k, well you double your investment from 17k to 34k
17k - 8k debt = 9 k profit
if you think bitcoin will reach 2k then stay and cash out by then to be safe. or if you think its gonna go higher to 3k, 5k, 10k, keep holding.
However, I highly suggest cashing out a portion once it reaches around 1.5k or 2k and pay off your debts. that way, even if bitcoin goes to 0, at least you're debt free
Like most people if you have the discipline to stick with it you could probably do well with a version of the SSS plan. I'm holding an amount of coin to be sold to repay debt at a price that will likely take a few years to reach. Yeah I'd be sad if bitcoin faded away but the more it's worth the more people have skin in the game to ensure it works. Whether it will continue to be easily convertible for national currencies is harder to predict.
That's a good idea, thanks. I'm was thinking of selling my first 2 coins after it reaches 10k... but maybe this is too optimistic? I have calculated that after all my other expenses, I will be able to pay off my debt by May, which I'm okay with. I will have to live paycheck to paycheck until then. I actually bought in in 2011 using credit cards and a signature loan. I looked like a genius at $31/BTC and a moron when it crashed to $3. it took 18 MONTHS to break even when you include the interest. So yes, it's possible, but I was either really lucky and unreasonably stubborn or blinded my my ideological commitment to the cause. I had to live with my parents for a while (and I'm over 40) but now I'm sitting on a small fortune. So go for it if you believe in it but not for greed. I looked at it like putting money in the collection plate at church. I don't go to church, so this was my contribution to a better world. The bitcoin gods smiled on me and I am sitting on a medium sized pile now, even with stolen coins, closed exchanges, hacks and a really nasty ex-wife. You got those kind of balls? I didn't pay back those loans or credit cards until November 2013. How much is your piece of mind worth? Mine, apparently not so much.
Good for you for holding on to your bitcoin for so long even after that insane crash. The risk was much higher back then so you definitely deserve the fortune you have right now. Are you planning on cashing out anytime soon (if you haven't already) or do you still feel like growing your small fortune even more? I guess you could say I'm also in this camp... depends who you ask, me or the wife.  That said, in life - you have to take risk, and I have never been one to take foolish risks. I feel pretty good about BTC, and if it ends up blowing up in my face - yea, it would suck for a while, but it's an experience, and it could turn out to be the inverse. That's a chance I'm willing to take, even if I can't currently afford to "lose" much. You just described exactly how I feel. We ride together or we die together, crypto bros for life! |
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My favorite videogames of all time:   |
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So did anyone buy porn with bitcoin?
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Investing is a gamble. No one can say with any certainty what the price of BTC will be in a year from now. Sure, everyone will give you their opinion, but no one really knows, which is why it's a gamble. Would you gamble with all your money at the casino you couldn't afford to lose?
Same thing.
I agree it is unlikely the price would ever go anywhere below $500 USD which it hovered about at the end of last year, but you nor I nor anyone else in the world can be 100% certain of that
You're right. I think I should just keep what I have right now and focus on saving USD from my paychecks as a safety net, instead of buying more BTC with it... I tend to think that 'can't afford' to lose actual implies that you would not be able to continue with everyday life - however if you managed to gamble money in Bitcoin then surely you can afford to lose it as it is not needed to cover basic expenses? What you're really saying is that you're investing what you would be devastated to lose - in this instance I think your gamble is worth  Well at the end of the day money is just money... if I lose it I won't die. But I will lose most of my savings. So what do people mean when they say invest what you're willing to lose? Are people here really comfortable losing a few thousand dollars? I'm sure most of you here have more than 1 BTC... is this money that you wipe your ass with? Whatever floats your boat and makes sense for you is the way to go. I would never put in $17k unless I'd feel comfortable losing it (which isn't the case) but who am I to say that your tactic is wrong?
Besides, high risk = high reward...
That's my main motivation. But some people say (and I kinda agree) that I have a problem that I don't value money. I mean I do want money and I want a lot of it, but I end up tossing it around without much care (refer to the other guy's quote about a fool and his money). I still think it's better than caring about money too much or being "cheap" And this includes dollars.
I agree, If one wants the best way to store/increase value, Gold is the safest thing to store value in. I dunno about that... So I guess no one else put in more that they are willing to lose? |
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Bet me 1 coin I could show you how to live with exact 1M?
Bet accepted. I chose the country and deliever the facts (costs of living, tax, ...). 1 Million is not enough, not for a family with a wife and 2 kids. Alone it's possible, but that won't be fun. Dude, you are making it sound like it is easy earning that amount of money. It might be for some people, and in some sectors, but that's definitely more than "normal".
There are countries with an average job wage of 50-60k USD. AVERAGE! That means including the toilet cleaning boy. And yes, that's 20 years of working (average). There are a lot of jobs that get the 1M earned (not to save) in less than 10 years. BTW: Dont quote out of context! It's dependant on the country. I stated that in my posting. In a 3. world country you won't earn 1m even with a PHD. In USA 50-60K salary is above average... no toilet cleaning boy gets this kind of money what country are you from?? Saving up $1M in capital is no easy task at all, most people even in America won't ever achieve that. Where do you live, Denmark? And $1 million is not enough for a family w/ 2 kids? What... where are you getting these ideas from?? I am already there at $1K, and to OP, I did feel a little of that at first. What you realize is $$ isn't an end game. Sitting around with $$ will eat you away. So figure out what you want to do with it, what creative, productive pursuit or business, or venture. Then you will see your lifes work has only begun,
You have a million dollars worth of bitcoin? |
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It's gone up at least 10× every year so far. Don't see any reason why 2014 will be slower. Based on the adoption curve and where we are on it, it should be FASTER.  LATE EDIT: Forgot to guess: $45,000 People feel intellectually/morally superior by not making optimistic predictions. They believe they are smarter because they say something that could not be considered enthusiastic. I am intellectually superior. Probably morally superior also  . I am also an optimistic realist. $45k by years end is kind of ridiculous. Think about how much NEW money needs to flow into Bitcoin on 1 year? Almost $350 Billion. Will that ever happen? Probably. 1 year? Too quick I think. would you have thought $1000+ was possible in 2013 when it was ~$10 at the beginning of the year? Yes, easily But who cares abt 1000... 5 figures or bust |
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Good! BTC has huge potential in countries where millions of people don't have a bank account.
this but how long will it take for people to know about it? Most americans w/ internet and tv don't even know about bitcoin |
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I hear everyone say "don't put in more than you can afford to lose", but is anyone else putting in more, as in what you can't afford to lose? Or am I the only idiot with too much balls..
I have around $17 grand into BTC/LTC... this is NOT money I can just afford to lose. I have around $8000 of debt but I'm paying it off bi-weekly with every paycheck. I'm devoting myself to cutting down useless spending this year and keeping track of my money better so I can maintain or acquire more bitcoin. I'll probably have to cut down going out on weekends and making trips this year, but I'm okay with that. Bitcoin being killed off at this point and going to $0 is unlikely in my view, but I guess anything can still happen. But on the other hand if it skyrockets..... well I'll be a very happy guy.
Anyone else putting in way more than they can afford to lose? I just wanna see who you are so in case we crash and burn I'll have some shoulders to cry on.
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Thoughts? Fist off, I don't know why this is considered news. Anyway, it seems to me like he doesn't understand the basic premise of the technology. http://www.businessinsider.com/byron-wien-on-bitcoin-2014-1Blackstone Group vice chairman Byron Wien does not have a lot of faith in Bitcoin. Included on his list of annual "surprise" predictions is the possibility that acceptance of the digital currency collapses this year. "In 2½ years the price of a Bitcoin has increased from $25 to $975," says Wien. "The supply of bitcoins is fixed at 21 million with 11.5 million in circulation. Bitcoins lack gold’s position as a store of value over time. During the year Bitcoin’s acceptance collapses as investors realize that it cannot be used as collateral in financial transactions and its principal utility is for illegal business dealings where anonymity is important." Wien's 2013 predictions did not pan out so well, but perhaps he will have more luck this year. Read more: http://www.businessinsider.com/byron-wien-on-bitcoin-2014-1#ixzz2petLHCfaConfirmed troll/ idiotedit- I didn't realize he was that old, don't mean to be disrespectful |
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I guess too many ppl have 100 coins and wait for 10,000 so they call themselves millionaires.
If you guys reach 1M, think of this: that kind of money is JUST ENOUGH for a great life for you and your loved ones. I can go into details but I'm not sure anyone will listen.
Yes it's enough to live a great life, but I still want to own a ferrari or a lambo. What now? |
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Selling = using = adoptation = greatest year ever.
Hodling = not using = modest adoptation = same or little better than last year (at best), but with even more volatility (and that's bad longterm)
Holding = less bitcoin available = use of smaller BTC denomination (like m BTC) = purchase power of bitcoin going up When there are enough merchants who adopt bitcoin and give discounts people will use it because it's simple and much easier. It has value as a payment system, that's one of the reasons people are adopting. Holding will not negate the value. |
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I own BTC and part of me doesn't want it to reach $10,000 because 1) It will feel like I beat the game "Life" 2) No more going on the forums to speculate 3) No more threads speculating what the price will be  WTF is this bullshit? 1. Would you rather be raped by life instead? Life is fair to some people and unfair to others... you rather be in the group where life is unfair. LOL 2. Why not? 3. You can still speculate for $20k...$40k...$100k... etc |
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