|
As it is, I'd say hold on to your BTC's. While it did experience a dip in the market as of late, it can still bounce back up in relatively short time. It will still stay at the top though for a very long time.
|
|
|
|
|
If I had enough dough to shell out, I probably would. By now, we all should know that BTC's got a knack for shooting its value back up in relatively no time at all. As what has been mentioned though, what we should be watching out for will be those who work to regulate it.
|
|
|
|
|
I'd be lying if I say that I'm into crypto currency just for the heck of it. Of course, I want to earn extra and this is just one way of doing it. I've mentioned before the I do have a stable job and found this crypto currency as a good alternative revenue stream. That being said, it has become part of my goal to learn more about managing crypto currency and my time as well. So far, so good I'd say.
|
|
|
|
|
Cryptocurrency is just another way of getting income. Me for example, I still have a stable job with an income band that is above industry standards. I'm also under discussions in starting a new business with a good friend of mine. Overall, it's about doing your research and investing in what makes you believe you'll get the most profit out of.
|
|
|
|
|
Electronic Money has been around for quite some time since Credit Cards came along (in my opinion). With advances in technology over the years, making payments electronically has evolved with it. Still, the relevance of the two cannot be ignored nor can one replace the other. Their uses can be pretty situational. A few factors that can affect this will be government regulations, location and items to be bought.
|
|
|
|
|
From my understanding, any sort of investment will always have its associated pros and cons. As tentative or volatile as the market is today, I would remain positive and be smart in decision making. Hold or sell, invest or not will depend on my current situation and needs. However, it doesn't necessarily mean that I won't be cautious. The market may very well be on it's downside for now but I'm pretty sure it won't stay that way forever.
|
|
|
|
The year was 2010... i was in my final year of school at st johns university, living in a small dorm with 2 guys. i would say march or april if i had to guess the month, early 2010 for sure. I was excessively told about bitcoin by my 2 of my college roommates who spent too much time online and decided to do some of my own research, read the whitepaper made by satoshi n and was quite fascinated by the technology, i knew it was something new and ahead of the time, but also something that could terribly fail and be another fad. although, because of how much my 2 roomies talked about it i decided why not throw a bit of money into it, and was fine with losing it or not. so fast forward, i lived in new york and was able to find a local who actually sold bulks of bitcoin through my 2 friends who previously bought off them. i was a bored college student... didnt know what i was gonna end up doing with the coins. i wanted to buy $50 worth... ended up spending a bit more than that $60-$80 i believe to get exactly 10,000 bitcoins. it was given to me on a usb which was checked on his computer to verify the bitcoins were really there before i took off. everything was good and i transferred the file from the usb to my personal laptop. now, a single bitcoin was worth a fraction of a penny so i really did not have much focus on such a small thing (at the time). ever since i put it on my laptop i really just forgot about it and did not even think about any ways for me to spend it or use it etc. and just kept it stored on my laptop. i continued to forgot about it due to me graduating college being my primary focus and that's that. then after i graduated i looked to work and did work and never really even thought to care about some stupid bitcoin i bought off some guy for a bit of money. it was just another file on my computer i didnt bother to even look at for months on months.
now fast forward to early 2014 --- this is when i first heard about bitcoin again since i bought em, and no i did not continue to hear from them from my two roommates i was with while in college as 2010 is the year i graduated and after that we did not keep in touch. although i would assume they either lost the bitcoin they had online or are rich as fuck right now, wont find out as i have no way to contact them. anyways, so i was hanging out with a friend of mine who mentioned it to me and how the price went to $1000 and was down a bit and it would be a good time to buy some because he thought it was the future of money, it took me a few minutes to process, then it hit me and i literally almost fainted after coming to the realization i was pretty sure i had a shit ton of what he was talking about. i didnt even fully remember whether i had 1,000, 10,000, 100,000 immediately because of how much it was and how long ago i bought it but i knew it was one of those. i was so shocked and he was so confused then i just left the conversation as soon as he told me about the price to go online and check for myself if this is really the same shit i bought 4 years ago as a curious college student. it all hit me at once, i knew by the symbol and the chart which showed it going from where i bought it at less than a penny all the way to over $1000 that this was exactly what i bought and i remembered i bought 10,000 with the $60-$80 i spent and was in disbelief and euphoria over the fact that i had an absolute huge fortune waiting for me at home. this all felt unreal to me, i still remember the emotions i had going through me. now after realizing i had this fortune, i had to remember carefully where i stored these bitcoins, eventually i remembered i had it on my old personal laptop and at that moment i had a panic attack due to the fact that the laptop i had put the bitcoin on broke on me and was replaced although i figured i am not totally doomed because all i should need to get the file is the hard drive. so i look for the computer only to realize that because it was broken and old and damaged, my mom told me she had thrown it away a few years back after it broke down on me since she thought it was pretty much untouched junk and expected id never need it again. at that point i literally fainted, i was angry, confused, shocked, in denial, sad, raged and so many other emotions all at once that i literally just passed out. my mom woke me back up and i ran out of the house out of anger to go have a mental breakdown in my backyard. What was supposed to be the best day of my life become by far the worst. As u can imagine, the fact that i thought i had what was between 5-10 mil at the time and then right after had that taken away from me broke my heart. i never felt the amount of pain and severe depression i felt as i did on that day. the next few months of my life were spent very badly, every day i would be reminded of what happened and how my life could of been but wasnt because my mom threw out my fortune, i am not proud of it but i started to actually resent her and be disrespectful to her often. it was a bad bad time as i was working a shitty job with low pay and living in my parents house at 25 (shout out to my useless degree) so that bitcoin would have really changed my life completely. i started going through severe depression and suicidal thoughts constantly, i really did want to kill myself knowing what had happened to me. although i tried to get through it and didnt even tell any of my friends including the one who mentioned bitcoin to me to remind me of bitcoin what happened, though they felt i was acting different and not my usual self those following months. i barely went out, i lost my job due to my sudden lack of effort from what happened, i lost friends, i isolated myself from everyone and everything including my family. i gained a lot of weight and did a lot of dumb shit im not proud of. my life was pretty horrible for the year of 2014.
now fast forward to early 2015 i started to get back on my feet and try to get over the shitty year i just had. and the fact bitcoin dipped to $200ish helped with how i felt about the whole thing, though i never even considered putting another penny in it again and hoped it would just crash and die so i could keep this in the past, although as u all know this wasnt the case. now here we are in 2018, i am still broke, i still live with my parents, i am employed, but at a shitty job, and have friends, but we dont talk much, and life is just not the same as it used to be. the past 6 months were almost as hard as 2014 was. seeing bitcoin go up insane amounts all the way to nearly 20k and now around 10k really makes me sick to the stomach, to think that i bought 10,000 at less than a penny, WHAT THE FUCK... it still hurts. i really just want to feel like this is just some very long shitty ass nightmare and wake up to reality again but i know thats not the case. i could have had the most epic fucking life and most epic story to tell of how my riches came but it never happened. my life is on a downhill, i am severely depressed and have suicidal thoughts pretty much everyday. things are not the same as they once were and never will be the same because bitcoin has ruined my life. my hopes were all high and euphoric then right after low and dreadful within 24 hours, and it has impacted me til now and will continue to weigh me down for however much longer i live.
there is really no specific moral to this story, and i dont want sympathy from any of you, but i just wanted to vent this to someone or somewhere finally to get my story out. this is the first and last time i will speak out publicly to anyone about this, so there you guys go. that is the story of how i lost 10,000 bitcoin. that is all.
Thanks for sharing. Dude, that's really a tough one. Just a friendly advise, move forward. You can't do anything about it any more but you can do something NOW to change your future. You were careless that time because you didn't see its value then but hey learn from it. Don't let it define your entire life, you are alive so that means you can still do something WORTHWHILE about it. Hope this helps. |
|
|
|
let me remind you of this, that this is not the first time bitcoin has crashed very significantly and is not the worst of it all. (correct me if i'm wrong) Based on bitcoin history, crashes occur on:
2011 jun- Nov: -97%---> From $ 32 to $ 2
2012 jan - Aug: -36%---> From from $ 7 to $ 4
2013 Mar 6 -11: -25%---> From $ 49 to $ 36
2013 Apr 10: -79%---> From $ 266 to $ 54
2014 Feb 24: -49%---> From $ 867 to $ 439
2017 jun 11-16: -36%---> From $ 3,000 to $ 1.869
2017 Sept 2-15: -40%---> From $ 5,000 to $ 2,972
2018 Jan 17: -48%---> From $ 19,783 to $ 9,496
If viewed from history, crashes often happen every year since 2011 and proved that this year is not the worst year of the year - the year before. What do you think, whether this crash will continue or not?
Thank you for this, It only shows that the decrease of the price that we are seeing now and the past few weeks has been a trend every year and it's all part of it. After this dip the price of Bitcoin, goes up again. So don't worry and do not panic. Just hold on to your coins and I am pretty sure it will recover again.  |
|
|
|
|
For me, Bitcoin is for everyone who has passion in what they do and eagerness to learn something new. It doesn't require you to be a graduate or master of any course. If you want to succeed here, learn it, equipped yourself about its ins and outs. Anyone can be successful in this as long as you want and and worked hard for it.
|
|
|
|
|
That's not good, a lot of scmmers nowdays and they will do and use anything to take advantage of otehr people's hard earned money. I would just like to tell everyone to always be on your toes, do not just provide your personal information to anyone and if you get calls like that, always be cautious and don't fall into their scams.
|
|
|
|
|
I really hope so. Japan is a big country and they are very smart and practical people. If they legalize Bitcoin as a currency then it only shows their belief in Bitcoin and its technology and the things it can do for their country and people. Hope more countries will see it that way and follow Japan.
|
|
|
|
|
Wow. That is good to hear, I hope that it will also happen in our country that Bitcoin will be accepted widely s a mode of pyment for a lot of things like food products and services. Hopefully soon, I can't wait.
|
|
|
|
|
My take on this is, Bitcoin can help reduce unemployment rate but not totally diminish or eliminate it. While it is true that a lot of people can earn from it. Earning and gaining profit in Bitcoin is not just a walk in the park, it needs patience, skills, knowledge, perseverance just like any other job. So if the person really is lazy and doesn't want to exert effort and hard work, Bitcoin will not be able to help at all. It still boils down to the person's attitude and will.
|
|
|
|
|
I think it may or may not come to an end. Looking back, before we only had BTC but now there are other currencies that were "derived" from it. As long as there are miners, the possibilities of new crypto currencies may seem boundless. That's why it may not end. Why it will end? When miners actually stop, I guess.
|
|
|
|
|
To each his own, I guess. Though the primary reason would be to have an expanded buying capability, in short "get rich". With more and more people getting into BTC, it's safe to say that more people (given that they play their cards right), would have better chances of elevating their current financial status.
|
|
|
|
|
I'd say a video could be useful especially for those who are starting out. It can give a clearer definition of what the project brings to the table and the benefits. It can be a good source of information. Though personally, I wouldn't really pin my decision on the video alone. A healthy dose of research must be done as well.
|
|
|
|
|
I don't think this will happen anytime soon, if it will happen at all. Let's face it, not everyone has access to the internet. Moreover and in my humble opinion, BTC and alt coins have certain intricacies that would probably take time to learn. Real money won't really take much to figure out as what you see is what you get when doing transactions unless you're in another country and you'll have to exchange your own money for whatever the national currency is. BTC and alt coins will play roles in the economy but I don't think they have the means to make fiat be removed from circulation.
|
|
|
|
|
Show Posts
