If we buy stuff with BTCand the company just sells it for cash right away, it's probably not good for the BTCprice.

What do you think?  Will shopping with BTC be good or bad for BTC?

I have a confession to make. As much as I'd like to hide this from everybody around me, I want to let it out. Maybe I'll feel a little better.

I lost 22.22 BTC in 2013.

"How?" You may ask. It was mainly due to greed. You see, in 2013, I was a 20-year old. I was fascinated that Bitcoin rose so much so fast and asked my parents to invest some money into them. Told them that it had great promise of growth in the long-term. They agreed, gave me about $5400, and I bought 22.22 BTC.

All was good. The price rose and it fell. It was fun watching price and immediately calculating what the Bitcoins were now worth. It was addictive. I would check the price ever hour or so back then.

A few months later, the value of Bitcoin doubled. Now they were worth about $11k. "Wow," I though. My parents are going to be so happy (we're from a middle class family in India and $11k is a LOT of money).

One day, someone found my phone number on the Localbitcoins website and sent me a text. He said he had a strategy to earn recurring profits through Bitcoin. That a lot of people use it for gambling, and we can use the spread between Bitcoin prices in India and China to make a profit!

"This is getting better." Or so I thought. 2 weeks later, I meet the guy at a restaurant. Talk a little bit about what he plans to do with the money and I decide to send him 10BTC to see what he can do with it. He gave me a post-dated cheque for the equivalent of 10BTC in fiat as a "safety" so I can be sure he wasn't a scammer. Transferred the money, went back home, super happy to make money by investing my Bitcoins!

Later that evening, I get a call from this guy saying he needs more upfront capital to get the ball rolling. I suspected something might be wrong - but I didn't want to loose 10BTC because I couldn't afford some more. BIG FUCKING MISTAKE. I paid him 12.22BTC more and he promised to deliver.

Days went by and I didn't hear from him. I called him up hundreds of times, no answer. I rushed to the bank to cash out the cheque, but it was cancelled. I asked the bank employees for remediation, they asked me to go to the cops. I went to the cops - they said "Bitcoin is illegal, you shouldn't have bought it anyway. But since the cheque bounced, we can try to help you." They didn't do jack shit.

So this is the story of how a naive 20-year-old lost 22.22 BTC - valued at $256718 today. The story clearly talks about my mistakes. It seems obvious now, but back then, I was blinded by the idea of easy profits.

Lessons:

• Don't trust ANYBODY.
• The moment you feel something is not right, cut your losses. Don't get in deeper.
• Don't be greedy. There are no get-rich-quick schemes. Don't fall for them.
• Don't be naive.
• Never touch money/investments that aren't your own. It feels 100000x worse.
• ALWAYS ESCROW.

I'm having to fight through this pain everyday. I feel pathetic. I've lost a lot of courage and morale. I feel extremely lonely. I can't being to understand how people that have lost bigger amounts of money cope with this. If someone here knows, do let me know.

Checking the price of Bitcoin has become super painful. I can literally feel my heart burn every time I see the price go up more. I'm 23 years old now. I don't know if I'll ever be able to earn back the 22.22 BTC. I'm afraid. I feel like I'm falling through an abyss - just falling deeper and deeper.

I can, however, claim that I've got balls. That should be evident from the fact that I didn't suicide yet. Time to time and more often than not, there's a voice inside me that says "You can't do it. You're in over your head." I try to suppress that. I'm trying to make all those Bitcoins back.

Recently (a few days ago), I asked Roger Ver to help. He politely declined. It was really nice of him to reply to my email. I totally understand - he can't verify any of this. And 22.22BTC is not a small sum of money today.

If there's anyone out there that can help, please message me. If not, I would love some support in these dark times (for me). I need some extra courage. I have some inside, I need some more.

Hope you learned something that prevents you from losing money.

#BitcoinToTheMoon

Your thoughts on Facebook and Google creating its own Cryptocurrency. I know BTC is the pioneer in cryptocurrencies and currently has the highest value but if this two giant companies will release their own cryptocurrencies I don't think anyone would want miss that. Its not impossible right? Similarly Other companies like twitter & Youtube and even UBER can also dig into cryptocurrencies. If major companies can consider BTC as their main cryptocurrency, BTC value will definitely skyrocket.

John McAfee Bullish on Bitcoin Price Reaching $1 Million by 2020.
He wrote in Twitter: "When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong."

Can yo believe this? What are your own predictions?

Hi, I'm a newbie here in bitcoin and I'm not that really familiar with the methods and strategies in earning here.
Since this is an open forum and I don't want to commit any mistakes using it, i will just ask and get suggestions if bitcoin can be correlated in any social medias that i mentioned?
Thank you.
 

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

Bitcoin might drastically go down deep following the sudden surge in price. If am wrong you can correct my impression thank you.

Hello, I have 2 questions:

I have about $1k I want to invest in crypto... being a teen I want to invest this for the long term 5/10 years, what cryptos should I invest in ?

I have looked into Exodus and with the recovery phase, is it a safe way to store crypto ? I know about paper wallets, but they are not a convenient way to access funds and also can be effected by the environment, water, stolen etc... This is why I would like to use exodus, it seems like a good method.

I don't want to use a hardware wallet, If exodus is considered 'safe' I do not feel a hardware wallet is necessary for $1k amount, also its not as convenient.

Thanks ! 

I don't have much of bitcoin to sell it below $100,000 - and will probably do this one year after.
Still have some doubts.. Maybe $200,000 will be a better point?
Please give an advice, your opinion is important!!

PS. It's not a joke. Please be realistic while estimating..
Gonna bring up this topic close to X-Mas 2018.

Is Bitcoin More Important Than Ethereum?

How about only earning Bitcoin and not using them?
I think the price of Bitcoin will gain much more value.
So if we keep it as our asset we will be much rich in the future...hehe...whats your opinion about this?

What would you do when you're talking to someone but then he suddenly talks about his hatred on Bitcoin, what would you react to it?

I've never actually experienced anything like this before, I just want to be prepared when it happened to me.

what makes bitcoin appealing, in other words: what is the "breaking the ice" part about bitcoin that you can tell a newbie in a sentence or two, too pull them into this crypto journey BTC @millzp0

Worldwide, especially in my place, must sell it for profit rather than always keep it!
The government always forbids the use and play bitcoin so that it can not grow fully potential in my place. Surely it remains an advantage if there is a transaction rotation for bitcoin in my country to live.

Personally I say yes as our society becomes increasingly dependent upon technology, digital currency will become a more popular means of paying for different things and it is more effective and instant. I haven't used much physical money in the past 8 years and I rarely had any problems with that.

What do you guys think?

Hey everyone,

I was wondering how most people here receive their bitcoins? I personally handle in virtual items in video games. (CS:GO, DOTA 2, PUBG) I sell these items on a marketplace and receive BTC for them I also join a online casino now and then to try and make some easy BTC!

Do you guys just invest in bitcoins and not touch them? I personally use mine on a daily base for purchases / trading etc..

Let me know i'm interested! 

Tom / Yaking

In the year of hard fork, a new coin successfully forked at block 495866, with support from 28 global exchanges.
ABCD, no I am not teaching alphabets here I am talking about (A BitCoin Diamond)

Will it rise as BCH, and the main question is should we invest in it and expect "BIG"?

Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...

What's your take on this, should I go ahead and quit?

Thanks