I call myself out of this game.

[rpietila]

When I first heard about bitcoin, I could have bought it, lol. No, seriously, I could have bought maybe 5% of the supply and drive the price up 10000%.

Too bad, somebody else did. I suffer the consequences.

my main argument was that during the run up of apple and google there were people who said exactly this

im saying bitcoin is similar, you still wanna throw that bet down  you never replied to that you nancy

No, I never had the money to buy the entire market cap of either Apple or Google. With Bitcoin, many of us did. Now THAT is a remorse.

[cedivad]

So, OP is afraid that he'll make too much money?

Afraid of easy money. Bitcoin looks like to be easy money right now, and that to me looks like the biggest red alert for a bubble to explode.
Price keeps doubling... Everyone will be rich soon.

So you expect a consolidation soon?

Asset prizes tend to grow from undervalued to overvalued (at that time) and then either consolidate to a lower price (where people absorb loses) or stay at a higher price point until the valuation has caught up (which means the bubble didn't pop).

Anyway - if you're longterm bullish, it always makes sense to buy more bitcoin - but at a constant USD amount per month.. Buying leveraged is gambling.

I agree with you... Completely. Yes, I except and will wait for a consolidation. The price might even to up to 50 or 100 before that for what I care.

[damnek]

<...>

Here is a slightly more updated technology adoption chart.
It makes the point that newer technologies have a faster mass adoption phase.
Bticoin is the newest of all. Even nanotechnology has an earlier beginning.

This also fits in with Ray Kurzweil's observation that technological progress is exponential.

[Le Happy Merchant]

google stock only went up 7.8 times up, so no, nobody missed nearly as much as with bitcoins

Missed?





I may have only been 11, but I saw a good thing coming.

I feel even better about Bitcoins though, long term.

[piramida]

I may have only been 11, but I saw a good thing coming.

I feel even better about Bitcoins though, long term.

And you still hold? Congratulations then. I'm still bitter at myself for exiting at 400.

[Richy_T]

Relevant chart:

I own a airplane ??   Sweeet !!!!

Sure you do.



You should ask for a ride.

[Richy_T]

When I first heard about bitcoin, I could have bought it, lol. No, seriously, I could have bought maybe 5% of the supply and drive the price up 10000%.

Too bad, somebody else did. I suffer the consequences.

my main argument was that during the run up of apple and google there were people who said exactly this

im saying bitcoin is similar, you still wanna throw that bet down  you never replied to that you nancy

No, I never had the money to buy the entire market cap of either Apple or Google. With Bitcoin, many of us did. Now THAT is a remorse.

The market cap is an illusion anyway. If you sold all bitcoins, you would get much less than the market cap, if you bought all bitcoins it would cost you much more (many, many times more) than the market cap.

[Richy_T]

I may have only been 11, but I saw a good thing coming.

I feel even better about Bitcoins though, long term.

And you still hold? Congratulations then. I'm still bitter at myself for exiting at 400.

You took profit. That's a win whichever way you slice it.

[piramida]

You took profit. That's a win whichever way you slice it.

True. Should've moved all that profit straight into bitcoin though. Yeah we're all so smart in the future Instead stuck in some crappy chinese stock that may takes years to recover.

[rpietila]

You never know whether cashing out was profitable, until you have squandered away all the money. Before that, it's always speculation, and fortunes do change.