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Poll
Question: How much money do you currently have invested in Bitcoin?
Less than $100 - 9 (3.6%)
$100 - $500 - 28 (11.3%)
$501 - $1000 - 13 (5.3%)
$1001 - $9000 - 95 (38.5%)
$9001 - $15000 - 26 (10.5%)
$15000 - $50000 - 31 (12.6%)
Over $50000 - 30 (12.1%)
$0 - NONE! - 15 (6.1%)
Total Voters: 247

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Author Topic: [POLL] How much money have you invested in Bitcoins?  (Read 5629 times)
OnlyGoodVibes (OP)
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March 27, 2013, 10:50:28 AM
 #1

I wonder if the amount invested correlates to how bullish or bearish a person is  Tongue
WishIStartedSooner
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March 27, 2013, 12:07:29 PM
 #2

I wonder if the amount invested correlates to how bullish or bearish a person is  Tongue

In my case, I would have much more invested, but I caught the ass end of the social stratum. I'm just glad I was able to pick my three btc up below 55 bucks. Figure I'll keep buying what I can until it breaks a grand.
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March 27, 2013, 12:12:32 PM
 #3

Shouldn't $0 be included in the less than $100 category?

OnlyGoodVibes (OP)
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March 27, 2013, 12:20:53 PM
 #4

Shouldn't $0 be included in the less than $100 category?

Yeah but I just felt that someone having nothing invested in Bitcoin (and browsing this forum) is quite a statement, so it should have its own category. It is quite a bit of effort getting onto an exchange, wherever you are investing $1000 or $1, it still shows a large investment in confidence compared to sitting on the sidelines watching.
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March 27, 2013, 05:07:14 PM
 #5

This is a could a/should a/would a post, but I've been using bitcoins as trade (for items/services) since I've started and not really been saving on to them.  So currently my btc value is slightly over $575 (at time stamp of this post).  Had I just kept them all, I'd be sitting at around $16,000 *sigh*
 
But I justify it by saying that I helped the economy by using the coins instead of hoarding them. Smiley
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March 27, 2013, 05:28:13 PM
 #6

This is a could a/should a/would a post, but I've been using bitcoins as trade (for items/services) since I've started and not really been saving on to them.  So currently my btc value is slightly over $575 (at time stamp of this post).  Had I just kept them all, I'd be sitting at around $16,000 *sigh*
 
But I justify it by saying that I helped the economy by using the coins instead of hoarding them. Smiley

Nothing wrong with trading for a needed item/service. If it wasn't really needed, well then it just becomes a lesson in the value of savings, lol.
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March 27, 2013, 05:34:19 PM
 #7

This is a could a/should a/would a post, but I've been using bitcoins as trade (for items/services) since I've started and not really been saving on to them.  So currently my btc value is slightly over $575 (at time stamp of this post).  Had I just kept them all, I'd be sitting at around $16,000 *sigh*
 
But I justify it by saying that I helped the economy by using the coins instead of hoarding them. Smiley

Do both, spend them, and rebuy spent ones...
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March 27, 2013, 05:48:16 PM
 #8

I wonder if the amount invested correlates to how bullish or bearish a person is  Tongue

No, it is related to net worth of a person more than anything. So you should've stated the poll in percentages.

i am satoshi
OnlyGoodVibes (OP)
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March 27, 2013, 05:53:03 PM
 #9

I wonder if the amount invested correlates to how bullish or bearish a person is  Tongue

No, it is related to net worth of a person more than anything. So you should've stated the poll in percentages.

Proof?
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March 27, 2013, 05:53:58 PM
 #10

None. I lost all my BTC in a tragic boating accident.

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March 27, 2013, 05:58:26 PM
 #11

The last option should be changed....

Voluntaryism- The belief that ALL human interactions should be free of force, fraud and coercion.
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http://en.wikipedia.org/wiki/Voluntaryism
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March 27, 2013, 06:02:31 PM
 #12

Are we talking how much money we put in, or how much money it's worth now?

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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March 27, 2013, 06:36:47 PM
 #13

Are we talking how much money we put in, or how much money it's worth now?

Big difference there Smiley

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March 27, 2013, 06:47:31 PM
 #14

This is a could a/should a/would a post, but I've been using bitcoins as trade (for items/services) since I've started and not really been saving on to them.  So currently my btc value is slightly over $575 (at time stamp of this post).  Had I just kept them all, I'd be sitting at around $16,000 *sigh*
 
But I justify it by saying that I helped the economy by using the coins instead of hoarding them. Smiley
That is pretty rough.Lost some of mine doing the day trading thing but what I have retained has me smiling when I learned it was just better to hold.

tonto
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March 27, 2013, 06:53:52 PM
 #15

This is a could a/should a/would a post, but I've been using bitcoins as trade (for items/services) since I've started and not really been saving on to them.  So currently my btc value is slightly over $575 (at time stamp of this post).  Had I just kept them all, I'd be sitting at around $16,000 *sigh*
 
But I justify it by saying that I helped the economy by using the coins instead of hoarding them. Smiley
That is pretty rough.Lost some of mine doing the day trading thing but what I have retained has me smiling when I learned it was just better to hold.

true, but without using them, they have no real value and would crash at some point when people realize that.  So we gotta use them to help maintain their useful value Smiley
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March 27, 2013, 06:56:14 PM
 #16

Are we talking how much money we put in, or how much money it's worth now?

Big difference there Smiley

I think this poll refers to how much money everyone has put in

But isn't the decision to not cash out at $88 the financial equivalent to buying at $88? 

I see no difference there Smiley

Sigg
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March 27, 2013, 07:15:41 PM
 #17

Are we talking how much money we put in, or how much money it's worth now?

Big difference there Smiley

I think this poll refers to how much money everyone has put in
About $3k, then, give or take.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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March 27, 2013, 07:16:35 PM
 #18

Are we talking how much money we put in, or how much money it's worth now?

Big difference there Smiley

I think this poll refers to how much money everyone has put in

Then there would have to be a "negative" option.

I agree the poll question is not very clear. Huh
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March 27, 2013, 09:57:00 PM
 #19

I wish I had invested in June of 2012 when I first considered. My friends and family talked me out of it.  Angry

Now I think it's a bit overpriced so I am waiting. I did pre-order a BFL Jalapeno though.

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March 27, 2013, 10:02:02 PM
 #20

I put in about $4000 USD overall (combination of mining equipment & bitcoin purchases in 2011/2012).
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March 27, 2013, 10:07:34 PM
 #21

I put in about $4000 USD overall (combination of mining equipment & bitcoin purchases in 2011/2012).

A couple grand here invested in mining gear still chugging away.

No use crying over spilled milk thinking how much every coin you mined would be worth today. Better to think about the next goal or way to make money!  if i dwelt on evey time i should have held instead of sold my list would be endless. From collectibles, antiques, precious metals, stocks, etc... Any profit is good. Just keep trying. And sometimes selling was hugely smart. One never knows.
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March 27, 2013, 10:11:26 PM
 #22

I have invested a net of -$100, and I am a turbo-bull in the long term, flopping bear/bull on an hourly rate.

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March 27, 2013, 10:36:51 PM
 #23

I put in about $4000 USD overall (combination of mining equipment & bitcoin purchases in 2011/2012).

A couple grand here invested in mining gear still chugging away.

No use crying over spilled milk thinking how much every coin you mined would be worth today. Better to think about the next goal or way to make money!  if i dwelt on evey time i should have held instead of sold my list would be endless. From collectibles, antiques, precious metals, stocks, etc... Any profit is good. Just keep trying. And sometimes selling was hugely smart. One never knows.

Who said anything about crying?

I never sold any coins until recently during the run up, but I'm thrilled with both the profit I currently have as well as the number of coins I'm holding on to long term.
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March 27, 2013, 10:46:29 PM
 #24

I put in about $4000 USD overall (combination of mining equipment & bitcoin purchases in 2011/2012).

A couple grand here invested in mining gear still chugging away.

No use crying over spilled milk thinking how much every coin you mined would be worth today. Better to think about the next goal or way to make money!  if i dwelt on evey time i should have held instead of sold my list would be endless. From collectibles, antiques, precious metals, stocks, etc... Any profit is good. Just keep trying. And sometimes selling was hugely smart. One never knows.

Who said anything about crying?

I never sold any coins until recently during the run up, but I'm thrilled with both the profit I currently have as well as the number of coins I'm holding on to long term.

My apologies. I was not referring to you. I was just talking out loud. I should have not quoted you.
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March 27, 2013, 11:53:49 PM
 #25

Are we talking how much money we put in, or how much money it's worth now?

Big difference there Smiley

I think this poll refers to how much money everyone has put in

But isn't the decision to not cash out at $88 the financial equivalent to buying at $88? 

I see no difference there Smiley

Sigg

I used same logic, as there was no negative cost basis (I have more fiat now than when i started, and a chunk of coins stashed away). I voted for the market value now. e.g. If I sold up I would have that amont of dollars, but Instead I choose to keep that amount of dollars in BTC

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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March 28, 2013, 12:02:36 AM
 #26

Nearly $3k

Bought in at 9, 15 and 38 on the first bubble, kind of hurt when that slipped away suddenly.

Then due to bad trading and a few little cash outs, I'm a bit over double my investment as it stands
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March 28, 2013, 12:05:45 AM
 #27

Nearly $3k

Bought in at 9, 15 and 38 on the first bubble, kind of hurt when that slipped away suddenly.

Then due to bad trading and a few little cash outs, I'm a bit over double my investment as it stands

Now if we all calc how much time we spent dorking around with bitcoins compared to profit i imagine i have made about 1.20 an hour :-)
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March 28, 2013, 02:35:40 AM
 #28

Now if we all calc how much time we spent dorking around with bitcoins compared to profit i imagine i have made about 1.20 an hour :-)

Heh, I think that's a hugely optimistic figure... Smiley
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March 28, 2013, 02:47:08 AM
 #29

Invested between 9k and 15k in mining and buying BTC !

Both are good investment so far.  Using BTC for goods and service, very little hoarding, no regrets !
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March 28, 2013, 04:21:50 AM
 #30

I have about 12k in mining gear and have made over 2000 Bitcoins from start to now. Still holding about 20k USD worth of Bitcoins.
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March 28, 2013, 04:26:36 AM
 #31

Nearly $3k

Bought in at 9, 15 and 38 on the first bubble, kind of hurt when that slipped away suddenly.

Then due to bad trading and a few little cash outs, I'm a bit over double my investment as it stands

Now if we all calc how much time we spent dorking around with bitcoins compared to profit i imagine i have made about 1.20 an hour :-)

Haha, good point.


Goodvibes, could you clarify the poll?

A) is it the present value of your bitcoins?
B) is it how much you put in initially ?
C) is it how much you put in - what you cashed out?
D) ...
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March 28, 2013, 04:31:37 AM
 #32

Nearly $3k

Bought in at 9, 15 and 38 on the first bubble, kind of hurt when that slipped away suddenly.

Then due to bad trading and a few little cash outs, I'm a bit over double my investment as it stands

Now if we all calc how much time we spent dorking around with bitcoins compared to profit i imagine i have made about 1.20 an hour :-)
I value the education I've got from the experience as well. It's hard to put a price on that.
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March 28, 2013, 04:37:12 AM
 #33

Bought $40 worth as a one time thing (or so I thought.) I wanted use it to pay a bill when offered a 20% discount for using bitcoin. Now I'm in for $400 and will buy more. You can thank Bytesized Hosting for luring unsuspecting Bitcoin addicts into the fold.
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