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Author Topic: The saddest and funniest thing about Bitcoin is...  (Read 2912 times)
Coincomm
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August 31, 2012, 08:25:30 PM
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The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.
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August 31, 2012, 08:27:30 PM
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The saddest and funniest thing about Bitcoin is when it hits over $10 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

The saddest and funniest thing about Bitcoin is when it hits over $1000 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.


https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
Coincomm
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August 31, 2012, 08:28:21 PM
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The saddest and funniest thing about Bitcoin is when it hits over $10 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

The saddest and funniest thing about Bitcoin is when it hits over $1000 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.



All of this is true. People have cashed out completely at 10.
Phinnaeus Gage
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August 31, 2012, 08:29:25 PM
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The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

For Bitcoin to reach $100 per, it would have to reach a certain amount of velocity, regardless of how many cash out.

~Bruno~

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August 31, 2012, 08:29:54 PM
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They cashed out at 20$ and at 30$ too

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August 31, 2012, 08:30:01 PM
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this is an economics fail.

Think about it before you reply.

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Coincomm
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August 31, 2012, 08:31:57 PM
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this is an economics fail.

Think about it before you reply.
I thought about it very well. Everyone has their price and that price tends to be whatever brings the most immediate gratification.

There is a minority that thinks far into the future though.
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August 31, 2012, 08:34:33 PM
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The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

If bitcoins hit $100, that would mean that it's in high demand and has high usage, or that the value of fiat has dropped significantly. Prudent people hang onto valuable things.
Coincomm
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August 31, 2012, 08:36:11 PM
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The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out. There will be very few who are going to keep their coins in the very late future. The dream of Bitcoin megawealth will only be experienced by a patient few.

If bitcoins hit $100, that would mean that it's in high demand and has high usage, or that the value of fiat has dropped significantly. Prudent people hang onto valuable things.
Most people aren't prudent. They have families to feed, parties to go to and things to buy.

A $100 price point also means people are still selling at that demand. It's safe to say there will be many declines as people settle for a higher and higher price.

Chang Hum
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August 31, 2012, 08:36:34 PM
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Everything about the use of bitcoin seems negative at the moment, crime, gambling, money laundering and ponzi schemes... This forum reflects a disproportionate percentage of high risk seeking morons with no respect for money than the world at large. Any outsiders coming to this forum to get a bit of insight into bit coiners will have any illusions that bitcoins are the currency of the brainy elite shattered.
SysRun
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August 31, 2012, 08:38:05 PM
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Still the wild west Chang Hum. wait a few more years.

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Severian
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August 31, 2012, 08:47:46 PM
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Most people aren't prudent. They have families to feed, parties to go to and things to buy.

Prudent people don't blow the grocery money on speculation. : )

But you're right...most people aren't prudent.
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August 31, 2012, 08:58:01 PM
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The saddest and funniest thing about bitcoin is... That there are still people who think it's ever going to hit 10 again xD

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August 31, 2012, 09:25:15 PM
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The saddest thing about Bitcoin is that Satoshi Nakamoto is probably too scared to come out of hiding.
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August 31, 2012, 09:28:16 PM
 #15

The saddest thing about Bitcoin is Eternal September. (that started almost a year ago)


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August 31, 2012, 09:45:27 PM
 #16

"cashing out" implies someone else buying these bitcoins.

So, while the saddest thing is someone selling, it's a happy and awesome thing that someone else is buying, and at a high price too.

Personally, I'll decide my end point of wealth I want, then cash out a certain amount at every price doubling. (while using them everyday in normal commerce too)

HODLing for the longest time. Skippin fast right around the moon. On a rocketship straight to mars.
Up, up and away with my beautiful, my beautiful Bitcoin~
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August 31, 2012, 09:50:54 PM
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The saddest and funniest thing about Bitcoin is when it hits over $100 a Bitcoin, most people are going to cash out.
The funniest thing about comments like that is..
that for people going to cash out it always needs others going to cash in.
If most people are selling only few will get $100 per Coin.

back on topic:
The saddest and funniest thing about Bitcoin is all the strange people on this forum.
Ivica
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August 31, 2012, 09:57:13 PM
 #18

The saddest thing is treating bitcoin like monopoly money.
The funniest thing is watching people participating in every ponzi scheme.

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August 31, 2012, 10:04:38 PM
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""   ""  $1 ""   ""
""   ""  $.1 ""   ""

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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August 31, 2012, 10:21:23 PM
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Some of us already cashed out completely... of dollars.
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