2011 survivors club

[axus]

Yep.  I "lost" money then, "gained" it back when the price went back over $20.

[Mistafreeze]

I'm still here 

[alexh]

Here to stay.

[opticbit]

still here.

[dacoinminster]

I smiled all the way up to $34 in 2011, then smiled all the way down to $2, then smiled all the way up to $266 yesterday.

Never sold. Still not selling. Still smiling. 

Why am I smiling this whole time? Because of the Trillion Dollar Question: https://bitcointalk.org/index.php?topic=173536.0

[dancingnancy]

Still here and Mt Gox still has all my coins on lockdown from bitcoinica.  Probably same story when this thread gets created in 2014 once again.

[proudhon]

Still here and Mt Gox still has all my coins on lockdown from bitcoinica.  Probably same story when this thread gets created in 2014 once again.

Here's what I've learned over the past couple years, consider coins not in your own secure wallet something other than your own.  Despite what lots of people probably think of me, I do value bitcoins, but I don't think their value can be sustained much above a few bucks (optimistically) until people really internalize and appreciate that fact.

[old_engineer]

Don't suppose anyone's seen Nagle yet? 

Where's nagle when you need to kick him?  

Another $32-$2 survivor here.  I sold out completely after I saw a similar pump & dump this time last year, and didn't buy in again until early this year.  It was nice taking a year off from checking charts constantly, though like everyone else, I wish I had bought more at $2 and sold more at $250!

We found the floor in late 2011 at $2, with later floors at $5 and $13. I think the new floor will be $75 based on the 35k bid that was flashed last night at that price, and we'll be back over $100 within the next week.  Bitcoins still have some very useful properties.

[ElectricMucus]

Lets just say, in the coming months we will see who the real bulls are...

When gox reopens I should come up with a reasonable timeframe. Shorting becomes a temptation again but I think I will resist it this time.

[niko]

I was there ways before. The whole narrative is overblown. The price goes up, the price goes down... what's the big deal? What matters to me is that Bitcoin is growing, as more and more people find it useful for whatever purpose. Speculation, store of value, international transfers, tax avoidance, consumer tracking, financial audits, micropayments, macropayments, gambling, contracts, whatever. We should not focus on price fluctuations too much while forgetting to think about and work on the utility of Bitcoin.

[Anth0n]

I lost some money in 2011, then afterwards bought a lot of coins at $5. I still have all of those coins, and I just might just do something similar again if the price goes low enough.

[BlueTemplar]

I invested in bitcoin at the worst time ever after a week of research... at the value of 28$ in 2011, just before the crash. (I believed in bitcoin, so held on them despite the pressure from mocking relatives.) The funny thing is that if I were to get out now I would still triple my investment!

I'm kind of kicking myself now because I decided to sell 5 BTC just before the bubble popped because I need some cash right now, but didn't act on it because I lost my MtGox password (and can't seem to be able to get a new one, will probably need to make a new account), and because it looks like I'm going to need several weeks for the Bitcoin client to catch up... (you can send BTC even if you aren't 100% synchronized, right?)

So, do you think that history is going to repeat itself : that we're going to see BTC go down to about 30$ during the next months, then gaining momentum for a new bubble at around 2200$ in two years?

[johnyj]

2011 after crash was the best memory for me, difficulty went down all the way and my mining profit increased week by week, but this time seems no luck, difficulty still on the rise, and with the release of Avalon Batch 2/3 and BFL ASICs in sight, it will double in another month or two   

I think the electricity cost for GPU miner is the fundamental support for bitcoin price, currently 1G hash gives 0.06 bitcoin per day, using $3 electricity, that is 50 USD for 1 bitcoin

[yokosan]

2011 after crash was the best memory for me, difficulty went down all the way and my mining profit increased week by week, but this time seems no luck, difficulty still on the rise, and with the release of Avalon Batch 2/3 and BFL ASICs in sight, it will double in another month or two   

I think the electricity cost for GPU miner is the fundamental support for bitcoin price, currently 1G hash gives 0.06 bitcoin per day, using $3 electricity, that is 50 USD for 1 bitcoin

Got to feel sorry for anybody that recently sunk funds into ASICs... especially the ones that bought them well above price on ebay.

Actually I don't feel sorry for the ebay ones at all, they are greedy cunts and deserve everything they get.

[rpietila]

I watched all the way from $.25 to $32 and down without any bitcoins. I have balls of steel.

But then I slowly started to buy, and buy. Stopped increasing the net position as it crossed $100 recently.

Now I am prepared to make a killing by trading, dealing and arbitrage. I have coins and fiat in the exchanges. No matter where the price goes, I intend to be at least BTC100 richer in 24 hours.

I don't believe in a lasting crash, since at the rate I make money, all your coins are belong to us in less than 20 years.

[Matthew N. Wright]

I remember pricing the Bitcoin Magazine at 1 BTC for simplicity and being worried about losing money on shipping.  

[ElectricMucus]

I watched all the way from $.25 to $32 and down without any bitcoins. I have balls of steel.

But then I slowly started to buy, and buy. Stopped increasing the net position as it crossed $100 recently.

Now I am prepared to make a killing by trading, dealing and arbitrage. I have coins and fiat in the exchanges. No matter where the price goes, I intend to be at least BTC100 richer in 24 hours.

I don't believe in a lasting crash, since at the rate I make money, all your coins are belong to us in less than 20 years.

Which exchange you will be on?

[yokosan]

I watched all the way from $.25 to $32 and down without any bitcoins. I have balls of steel.

But then I slowly started to buy, and buy. Stopped increasing the net position as it crossed $100 recently.

Now I am prepared to make a killing by trading, dealing and arbitrage. I have coins and fiat in the exchanges. No matter where the price goes, I intend to be at least BTC100 richer in 24 hours.

I don't believe in a lasting crash, since at the rate I make money, all your coins are belong to us in less than 20 years.

Which exchange you will be on?

Probably all of them. rpietila has more funds than me but I intend to make a lot more than 100 BTC in the next 24 hours

[DrG]

I saw the run to $32, then started mining on the tail down to $2.  I bought a few more rigs around $2 and kept mining and sold way too much at $5.  Lost a lot due to greed with Pirate@40 and conman Hashking.  But I held the rest and haven't traded them since (except for buying 2 Avalons and a BFL unicorn).

I could have sold at $250 but I think it's better for my health to not stress.  No point having wealth if you're dead or dying.

[rpietila]

I watched all the way from $.25 to $32 and down without any bitcoins. I have balls of steel.

But then I slowly started to buy, and buy. Stopped increasing the net position as it crossed $100 recently.

Now I am prepared to make a killing by trading, dealing and arbitrage. I have coins and fiat in the exchanges. No matter where the price goes, I intend to be at least BTC100 richer in 24 hours.

I don't believe in a lasting crash, since at the rate I make money, all your coins are belong to us in less than 20 years.

Which exchange you will be on?

Probably all of them. rpietila has more funds than me but I intend to make a lot more than 100 BTC in the next 24 hours

Yes, and I pay 5-10% over for any codes/funds in the exchanges. Sell your coins and PM me. $10k minimum trade 'cause busy