I sold everything at $158/159 this morning

[BitcoinAtlas]

Wow, what a crazy thread - sure interesting reading

[Anyone]

[quote/]That's not entirely true, bitcoin the currency can be used side by side with FIAT for example to fight iper inflation.
At the moment is very difficult to buy cryptos and only a fool would spend mined coins seeing the long term trend.
And how would you deal with irreversibility with internet transactions?

Only a fool... so you dont agree that the use and circulation of Bitcoins has anything to do with its rise/fall in value? I know it does with paper moneys, why are Bitcoins different?

Irreversibility is simply a matter of regulation and choice. At some point, those seeking more secure comerce methods will develop methods to send and receive, and receipting systems, and identification systems (Coinbase already uses bank account connections, probably others do too) Those seeking less regulation "cash economy" would simply not use regulated systems. Why is that complex?

Yes I don't agree with the simple fact that BTC is not backed by anybody, it's a speculative "commodity".
And yes, it is complex as I need to trust an unknown 3rd party. It's not like using a Visa, Paypal or Mastercard
[/quote]

I dont know how to respond to the first part of your statement: Yes I don't agree with the simple fact that BTC is not backed by anybody, it's a speculative "commodity". since my statement was original post was that the concept of using it as a commodity is contrary to its purpose as a currency, but as for not being backed by anybody...in any logical trading sense, that's exactly WHY its nuts to use it as a commodity... (isnt it?)

As to your scond sentence...IF..or example..IF there was something like a Coinbase wallet, where I can connect my bank account and this same account can run my mastercard (debit) and if Coinbase had a 100 point verifications system and a separate (static) wallet (oh wait...do they already do it that way??? anyone wiser know?) ..anyway, if they verified my identity the way banks/visa/bankers/governments say so, you would still consider Mastercard/Visa to be safer on the internet? Or (shudder) PayPal?

*random rant (If your crawler scum are reading this PayPal I curse every cent you get from me, you thieving government puppets!) *end rant.


I agree we will always disagree Sir x

[matt4054]

Long term holders FTW

[codegeek]

I can't imagine BTC ever dropping back do any where near the $100 range again. Too many real world assets focused on it now.

[BitcoinAtlas]

I can't imagine BTC ever dropping back do any where near the $100 range again. Too many real world assets focused on it now.

To bad, I would love to buy few int this price

[Anyone]

Long term holders FTW

They possibly will....

[jerelimZ]

I can't imagine BTC ever dropping back do any where near the $100 range again. Too many real world assets focused on it now.

I agree and definitively not in anyone interest, like big whales playing the market

[praeluceo]

Man I wish I had been mining bitcoin back then instead of running folding@home! I could have been rich!

[Anyone]

My friend told me about them when they were $90 .. hindsight is really an ugly thing 

[matt4054]

Man I wish I had been mining bitcoin back then instead of running folding@home! I could have been rich!

Same here

[Itun]

So, just popping in on the thread to laugh at the OP's fortune telling skills. 
IMHO bitcoin is pretty mysterious, you really can't tell where it'll go next.

Lol.. I know right?

He would have made so much more if he had kept it just for a few more months.

[gooki]

This is the funniest thing I have seen all day. No sure thing in trading

[RarsMover11]

Pretty funny to read through all the posts!

That is one of the problems with bitcoin though, no matter how many you have you always keep thinking you should've bought them earlier or more of them...

Perhaps he will now buy back some coins and be happy again when they keep rising in value...

[William Whiston]

We must never forsake the plain, obvious, easy and natural sense, unless where the nature of the thing itself, parallel places, or evident reason, afford a solid and sufficient reason for so doing.

[Owendong]

I still remember when bitcoins dropped down to $70 on BTCE right after the Silk Road takedown, too bad I couldn't move money fast enough into my BTCE account to buy some back then.

Does anyone know what's the cheapest way to deposit fiat into BTCE?

[Poet512]

I still remember when bitcoins dropped down to $70 on BTCE right after the Silk Road takedown, too bad I couldn't move money fast enough into my BTCE account to buy some back then.

Does anyone know what's the cheapest way to deposit fiat into BTCE?

I have seen dozens of posts saying BTC-e is a scam, but I am not sure if it is true.

[mufa23]

mark this post, within 6 months you will be able to buy in much lower

Done. And you're an idiot.

[Rampion]

"i'm loaning money to ....."
" I save $200 a month and im putting it all in bitcoins ...... "
"we are revolutionaries......."


good luck to all the future bitcoin millionaires :-)

Thanks. Most of us didn't expect to be worth such an insane amount in fiat so soon thanks to BTC - but we believed it was possible and we held to most of our coins.

Profit taking is not only healthy but necessary, but selling them all? Honestly, the only reason to sell all ones BTC at some point is urgent need of money to deal with a life threatening situation; if that's not the case, liquidating all BTC one has is just utterly reckless and shows zero understanding of what BTC is and its potential.

Mark my words: BTC will reach $5k soon, and those who sold at $160 while predicting it's failure will be mocked very hard.

[jmevz]

I still remember when bitcoins dropped down to $70 on BTCE right after the Silk Road takedown, too bad I couldn't move money fast enough into my BTCE account to buy some back then.

Does anyone know what's the cheapest way to deposit fiat into BTCE?

I have seen dozens of posts saying BTC-e is a scam, but I am not sure if it is true.

It's a huge scam if it is, but it's not.

I knew about Bitcoin when they were $90 too. Could have, should have, didn't. Time to move on!

[bitcool]

To all of you panic buying because you missed the "greatest thing ever", mark this post, within 6 months you will be able to buy in much lower, I have a large buy order at $35 (just above the 2011 high).

if this were an established commodity like gold, copper, soybeans, or a currency cross, which I have been trading for 15 years, that is the smart buy point - not at $159

you just need to look at the naivete of the posts on this board to know this is a sucker rally.

"i'm loaning money to ....."
" I save $200 a month and im putting it all in bitcoins ...... "
"we are revolutionaries......."


good luck to all the future bitcoin millionaires :-)

This was your original post, I saved it for my own reference. it will be a year soon ...

I sold all my Bitcoin at $120 and set a buy order at $0.03  See you in a year, suckers

Internet doesn't forget