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Author Topic: My friend replies to my email from 2.5 years ago  (Read 918 times)
TTBit
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March 24, 2013, 03:33:38 AM
 #1

I introduced a close friend of mine to bitcoin in august of 2010. He followed up with me just an hour ago. Now I think I am the fool for not hoarding a massive amount of coins.

.
On Sat, Mar 23, 2013 at 10:23 PM, Tom ........ <t.......@b........> wrote:
Yes, I hung on to this email.
 
Chalk it up as my unbelievably largest miss EVER!
 
Ugh.

On Sat, Aug 21, 2010 at 5:52 PM, Tom xxxxx <txxxxxx@b.......> wrote:
> Let me think on it.  I have heartburn over pay pal.
>
> -----Original Message-----
> From: tim s.... [mailto:t..@t.....]
> Sent: Saturday, August 21, 2010 5:24 PM
> To: t.....@b.......
> Subject: bitcoins
>
> Tom,
>
> You may think I'm cuckoo for cocoa puffs, but I have an investment
> idea for you. Spend $5 - $20 on bitcoins. Go to mtgox.com, deposit
> $5-$20 via paypal and buy as many bitcoins as you can. Right now they
> are about 6.5cents each. I think these things can be worth $100 a
> piece in a couple years. $5 will get you 77 bitcoins.
>
> If you do so, you'll also want to download the bitcoin software and
> hold onto these coins with your own wallet.
>
> Bitcoins might be the currency of the internet. People will be able to
> buy porn, drugs & gamble on the internet with these things -
> anonymously. It's open source, and I don't think any 1 govt can stop
> them. Only 21 million bitcoins will ever be created, and there is only
> 3.8M in existence now.
>
> I bought 3,000 of them. They were 2 cents about a month ago. Its a
> high risk/high reward, but I know you love the penny stocks, here is a
> much more liquid investment opportunity.

good judgment comes from experience, and experience comes from bad judgment
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lukestokes
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March 24, 2013, 03:55:43 AM
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This is fantastic. I feel like some of my friends will feel this way in a few years. I blogged about Bitcoin recently when it was at $34. Trying to convince people about its value is like trying to explain email before the Internet is adopted. It'll happen, I think. It'll just take a while.

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March 24, 2013, 04:56:45 AM
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I know people far smarter and more technically/financially savvy than me who knew about bitcoin before I did, and they also hemmed and hawed at the thought of investing any real fiat into it.

I was the only one "naive" enough to sink any real time and money into it, and it payed off.

My only gripe is that everyone writes me off as begin "lucky", but even in hind sight, it made perfect logical sense to me when I did my due diligence on learning about what bitcoin was and how it worked.

I also knew that something this revolutionary only comes around a handful of times in ones lifetime, and for once, I was in a position to participate, but then again so were many other people who didn't bother.

/rant
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March 24, 2013, 05:09:59 AM
 #4

Why did you email this to me bud?

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March 24, 2013, 05:19:11 AM
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@TTBit, do you still have those 3,000 coins?

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Grover
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March 24, 2013, 05:26:42 AM
 #6

I introduced a close friend of mine to bitcoin in august of 2010. He followed up with me just an hour ago. Now I think I am the fool for not hoarding a massive amount of coins.

.
On Sat, Mar 23, 2013 at 10:23 PM, Tom ........ <t.......@b........> wrote:
Yes, I hung on to this email.
 
Chalk it up as my unbelievably largest miss EVER!
 
Ugh.

On Sat, Aug 21, 2010 at 5:52 PM, Tom xxxxx <txxxxxx@b.......> wrote:
> Let me think on it.  I have heartburn over pay pal.
>
> -----Original Message-----
> From: tim s.... [mailto:t..@t.....]
> Sent: Saturday, August 21, 2010 5:24 PM
> To: t.....@b.......
> Subject: bitcoins
>
> Tom,
>
> You may think I'm cuckoo for cocoa puffs, but I have an investment
> idea for you. Spend $5 - $20 on bitcoins. Go to mtgox.com, deposit
> $5-$20 via paypal and buy as many bitcoins as you can. Right now they
> are about 6.5cents each. I think these things can be worth $100 a
> piece in a couple years. $5 will get you 77 bitcoins.
>
> If you do so, you'll also want to download the bitcoin software and
> hold onto these coins with your own wallet.
>
> Bitcoins might be the currency of the internet. People will be able to
> buy porn, drugs & gamble on the internet with these things -
> anonymously. It's open source, and I don't think any 1 govt can stop
> them. Only 21 million bitcoins will ever be created, and there is only
> 3.8M in existence now.
>
> I bought 3,000 of them. They were 2 cents about a month ago. Its a
> high risk/high reward, but I know you love the penny stocks, here is a
> much more liquid investment opportunity.

I'm kind of hurt you did not send me that email.
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March 24, 2013, 06:14:12 AM
 #7

I suggested BTC to a friend two years ago.  He lost money in the downturn, and all but accused me of roping him into what he had started regarding as a ponzi scheme.  (And, probably cashed out at a loss instead of holding on to any coins?) And, now that BTCUSD takes off, he now writes to me suggesting that I wasn't /altogether/ wrong, that I simply timed things wrong, that I was merely "ahead of time."

Man, it's like setting someone up on a date. You are the one that gets the blame when..




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March 24, 2013, 06:18:05 AM
 #8

I suggested BTC to a friend two years ago.  He lost money in the downturn, and all but accused me of roping him into what he had started regarding as a ponzi scheme.  (And, probably cashed out at a loss instead of holding on to any coins?) And, now that btc takes off, he still didn't acknowledge anything. Instead, he now writes to me suggesting that I wasn't /altogether/ wrong, that I simply timed things wrong, that I was merely "ahead of time."

Man, it's like setting some one on a date. You are the one that gets the blame when..

Same here. Only one of my friends who I got in touch with about Bitcoin back then got involved with Bitcoin. The rest have either ignored me or directly accused me in pushing a ponzi or some other scam on them. None of those have apologized yet or admitted that they were wrong. The one who listened and started mining right away is doing rather well... as you can imagine.

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March 24, 2013, 07:59:47 AM
 #9

Guys what's the next big thing? I know it's still bitcoin but are you guys playing any other fields?

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March 24, 2013, 10:52:34 AM
 #10

It really whould have been great to notice ob bitcoin when they were merely created. Then now I whould have enough money to live with my girlfriend.
TTBit
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March 24, 2013, 12:18:16 PM
 #11

@TTBit, do you still have those 3,000 coins?

Not really. I like to think I have a decent stash, but couldn't hold onto 3k coins. Joke is on me - I saw the future perfectly, and didn't get filthy rich.

good judgment comes from experience, and experience comes from bad judgment
Grover
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March 25, 2013, 01:07:49 AM
 #12

Guys what's the next big thing? I know it's still bitcoin but are you guys playing any other fields?

There is a lot of upside to Litecoin.  It will likely never be as big as BTC, but it has it's advantages.
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