You've been caught in one lie, my scepticism is only reasonable  Which lie is that exactly... please quote it for me. The lie that you've made money. Even if I take your story at face value, you've only spent money. You have made a few digital tokens, which you are not planning to sell. |
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How soon they forget...  |
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The bears failed.
Every time you try to kill us we come back stronger.
New ATH by summer 2015.
In Victorian literature, what you got now was called "brain fever." |
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Sorry, you must have missed my edit... if bitcoin went to $0 tomorrow, I'd still break even.
Now you are not only lying, but lying badly. Get good, brah  There you go... if you can't handle the truth, call them a liar. You've been caught in one lie, my scepticism is only reasonable |
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^You clearly do not always tell the truth--you've claimed to have made money on Bitcoin, turns out you've only lost money thus far. I feel my caution is justified Perhaps my language was not clear: what I meant was that if I cashed out today I'd make 10x my original investment. No. It's your understanding that's suspect. I neither believe that you're up x10, nor that you will sell today. Just one of the above is sufficient to say that thus far, you've only lost money  I can't help it if you won't believe me... I bought coins at $27... you do the math! You want me to do math the way you Bitcoiners do. It goes like this: 1. You bought coin @27. 2. You also bought coin @600, 540, 480, 380, etc., etc. 3. You got pwnt by your friend, the other Bitcoiner, who sold you shit he didn't deliver. 4. Ignore (2) and (3), use (1) only to calculate mad profits. Did I do good? |
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Sorry, you must have missed my edit... if bitcoin went to $0 tomorrow, I'd still break even.
Now you are not only lying, but lying badly. Get good, brah |
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^You clearly do not always tell the truth--you've claimed to have made money on Bitcoin, turns out you've only lost money thus far. I feel my caution is justified Perhaps my language was not clear: what I meant was that if I cashed out today I'd make 10x my original investment. No. It's your understanding that's suspect. I neither believe that you're up x10, nor that you will sell today. Just one of the above is sufficient to say that thus far, you've only lost money |
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^It's not reading between the lines but reading without discarding the context. Freebit13 asked how BTC price has moved from 0 to a few bucks. I've explained how it happened |
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^
Wish you the best, would it be rude to ask your target price?
I don't actually have one, but i can tell you we are up $8 already, soon to be $10 edit: it's $10  Good luck. You'll be just fine.  |
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^You clearly do not always tell the truth--you've claimed to have made money on Bitcoin, turns out you've only lost money thus far. I feel my caution is justified |
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It is bitcoin's fault there was an inside job at gox, and god knows what at bitstamp?
... No, it's not Bitcoin's fault that it has attracted every interwebs scammer, hax0r & has-been con man. But Bitcoin's problem (not fault) is that it has no mechanism for dealing with theft and fraud. |
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^
Wish you the best, would it be rude to ask your target price?
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^ Lol, spending money may not be losing it (though, let me assure you, in your case it is), but, you must agree, it's certainly not "making money" If you sold your coins today, you would recoup some of your investment (forgive me for not taking the word of an admitted gambler at face value, I somehow doubt you're in the black even if we're talking unrealized profits), but you won't, will you? So yeah, you're losing money hand over fist |
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...
Depending on violence and force to prop up your economy is not the best way forward even if in the short term it seems like it is working. That system always requires more force and more violence before it comes to an end.
An unfortunate time to point fingers at US economy (DOW-UP, USD-UP). Bitcoin economy continues to tank amidst unchecked theft & fraud Whoever stole Bitstamp's coins are UP in bitcoins. Theft tends to yield good revenue. This is what the US economy relies on. The better their military at keeping those taxpayers in line, the better the economy. The unfortunate thing is Bitcoin has no military (or any enforcement mechanisms) to deal with theft. As always, Bitcoin parasites run to the nanny state to deal with teh bad hax0rs. Regardless, thieves profiting != good for economy, that's bitcointalk logic. |
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So... How much of a pump would you gentlemen settle for to jump back in?
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...how do you explain the first few years? It was worth only a fraction of a cent and now it's over $260.
... Nothing to do with adoption. I've invested in Bitcoin because I was betting that someone (such as yourself) will buy my coin from me @ a higher price. So did everyone else who has made money on Bitcoin. Really? I don't know if you can speak for everyone else. I adopted it for easy gambling transactions, purchase it when I need it, and have never really heald longer then a few weeks, but have been lucky buying at the right times. Not sure where you have found the encouragement to speak on behalf of everyone who made money off bitcoin, but I can imagine some people were holding bitcoin for it's utility, while the price went up, which was probably awesome and enjoyed, but a generalization would be to say everyone who made money on it originally bought it as an investment. I'm not speaking for everyone, certainly not for the gamblers such as yourself. I'm sure adoption exists, just like I'm sure people watch pr0nz for their engaging story arc. What I am saying is this: Adoption is not what's driving BTC price, just like captivating plotlines are not the reason why pr0nz are popular. I hope this makes shit clearer. |
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...how do you explain the first few years? It was worth only a fraction of a cent and now it's over $260.
... ... I've invested in Bitcoin because I was betting that someone (such as yourself) will buy my coin from me @ a higher price. So did everyone else who has made money on Bitcoin. There you go with your assumptions again... I can't help that you got into bitcoin for the wrong reasons, that is not the reason I got into bitcoin and that's probably why I'm doing so well  The only way you could have made money with Bitcoin is by selling it. If you have, my apologies and congratulations for getting out in time. What I did was realise the potential of bitcoin after doing some real investigation into the technology (whitepaper etc.) and when the price went up I bought mining equipment to support the network because I believe in the technology; I'm not just after profits. 2 weeks ago I also bought 3 trezor wallets in order to support those supporting the community and technology and I will continue to do so. My aim is not to use bitcoin to trade for cash (that shouldn't be necessary), I will only use it to buy things or as a long-term store of value because that's what it's meant for. I learned a long time ago that if you do things for the right reasons they have a funny way of working out for you. Aha. I think our disagreement is rooted in semantics: Your definition of "making money" differs from the conventional. By "making money," mundanes such as myself mean "ending up with more money than one started with." You, OTOH, have spent money on Bitcoin gadgetry, ending up with less of it. Or, as us bland normals say, you've lost money. Now that we've defined our terms, we can continue our chat on much firmer footing |
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...how do you explain the first few years? It was worth only a fraction of a cent and now it's over $260.
... ... I've invested in Bitcoin because I was betting that someone (such as yourself) will buy my coin from me @ a higher price. So did everyone else who has made money on Bitcoin. There you go with your assumptions again... I can't help that you got into bitcoin for the wrong reasons, that is not the reason I got into bitcoin and that's probably why I'm doing so well The only way you could have made money with Bitcoin is by selling it. If you have, my apologies and congratulations for getting out in time. |
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It comes with a much higher signal to noise ratio and no trolling from goofs like you.
... If ramblings of self-important buffoons congratulating their batshit crazy buddies on clever BTC investments = signal, I suppose... |
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No but this is bullshit. Thankfully blockchain is public, so no need to resort to your memory, just go to blockchain.info and see where newly generated coins are going. Hint: most are unspent, i.e. never moved after being mined. So no, miners do not have to get rid of the coins as fast as possible.
No, that's bullshit. Only one commercial mine has released its financials, here: http://www.coindesk.com/digitalbtc-reports-4-million-revenue-preliminary-annual-results/and half of the mined coin was sold for USD. Pimp harder. |
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