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Author Topic: I am out of here!  (Read 2679 times)
deathcode
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April 12, 2013, 02:48:41 PM
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I sold a small amount of bitcoins to recover half of my investment. Now with all the technical difficulties that MT.Gox is experiencing, I managed to buy 15BTC at 66 and I'll secure my funds and I'll take a breather for a while from the BTC world.
I'll let my coins age quietly in offline storage until either they hit my exit prices or the paper they are printed on is worth more money than the coins themselves.
Good luck to everyone! I will be reading, though I won't be posting again until we hit $200 (could be tomorrow for all we know!)

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bomboclat77
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April 12, 2013, 03:00:37 PM
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Cool story, bro!

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April 12, 2013, 03:06:39 PM
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OK Smiley

As you wish ! Good bye ...

Someone in tha crowd: bye ? buy ?
Another one : BUY !!
The crowd: BUY! BUY ! BUY !!!!
tonto
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April 12, 2013, 04:41:06 PM
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You need to keep buying while they're cheap!  Gods man, don't stop!  You're going to hate yourself later!
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April 12, 2013, 04:49:48 PM
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Give your coins to someone with more balls. People like you are not needed in the bitcoin community.
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April 12, 2013, 06:13:47 PM
 #6

So your investment doesn't have astonomical gains a in a few days so you decide to take huge losses?

My attempt at adding to the bitcoin-using marketplace: https://bitcointalk.org/index.php?topic=171843.0
Like online video games? Check it out! I'm selling at a big discount
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April 12, 2013, 06:19:15 PM
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All the best. hope to see you soon Wink

Gift Address: 1GVTJJtDo7mXg8rW4mQBukqwshKzqizc4U
Jaw3bmasters
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April 12, 2013, 06:33:29 PM
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In Cryptography we trust.
BitcoinAshley
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April 12, 2013, 10:38:43 PM
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So your investment doesn't have astonomical gains a in a few days so you decide to take huge losses?


I lol'd.
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April 12, 2013, 11:47:53 PM
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Good move, go for the long term.

vvic
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April 13, 2013, 04:11:36 AM
 #11

ehh, wtf, people. What's with this "OMG! BITCOIN CRASHED" whining? Right now it is $92.78/BTC1 on BTC-e. Bitcoin is still the most expensive currency in the world. Show me other currency that is worth at least $50/unit. Besides, Gold is dropping in value too. So what?
MatTheCat
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April 13, 2013, 04:18:25 AM
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ehh, wtf, people. What's with this "OMG! BITCOIN CRASHED" whining? Right now it is $92.78/BTC1 on BTC-e. Bitcoin is still the most expensive currency in the world. Show me other currency that is worth at least $50/unit. Besides, Gold is dropping in value too. So what?

Some people will have lost a lot of money.

Most people on here are no longer quite as rich as they used to be, as their utterly 'obscene Bitcoin' profits have shrunk to merely 'obscene' profits.

Now that sentiment has turned negative, I would imagine that save for a dead cat bounce or ten, that Bitcoin is going to trend lower over the next period of time until some stability and trust has been restored.

Of course, what the hell do I know, I never seen the bull explosion coming so I dont know what makes me qualified to the near term future in Bitcoin now.

Kraken Account, Robbed/Emptied. Kraken say "Fuck you, its your loss": https://bitcointalk.org/index.php?topic=1559553.msg15656643#msg15656643

Bitfinex victims. DO NOT TOUCH THE BFX TOKEN! Start moving it around, or trading it, and you will be construed as having accepted it as an alternative means of payment to your USD, BTC, etc.
ChanceCoats123
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April 13, 2013, 05:49:54 AM
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ehh, wtf, people. What's with this "OMG! BITCOIN CRASHED" whining? Right now it is $92.78/BTC1 on BTC-e. Bitcoin is still the most expensive currency in the world. Show me other currency that is worth at least $50/unit. Besides, Gold is dropping in value too. So what?

Some people will have lost a lot of money.

Most people on here are no longer quite as rich as they used to be, as their utterly 'obscene Bitcoin' profits have shrunk to merely 'obscene' profits.

Now that sentiment has turned negative, I would imagine that save for a dead cat bounce or ten, that Bitcoin is going to trend lower over the next period of time until some stability and trust has been restored.

Of course, what the hell do I know, I never seen the bull explosion coming so I dont know what makes me qualified to the near term future in Bitcoin now.

No valuation becomes a profit or a loss until you exchange back into the currency you started with. So if you bought coins at $250 each, then you haven't lost any money, or become "less rich" unless you sold those coins for a loss. So no one has done anything but declined in value. Which, as we have clearly seen, can climb quite quickly.
piit79
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April 13, 2013, 12:10:54 PM
 #14

No valuation becomes a profit or a loss until you exchange back into the currency you started with. So if you bought coins at $250 each, then you haven't lost any money, or become "less rich" unless you sold those coins for a loss. So no one has done anything but declined in value. Which, as we have clearly seen, can climb quite quickly.

Good point. It's all virtual unless exchanged.

As much it pains me that I didn't manage to turn the crash into more coins I think the crash was actually good. The steep growth wasn't healthy.
Kluge
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April 13, 2013, 12:19:20 PM
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ehh, wtf, people. What's with this "OMG! BITCOIN CRASHED" whining? Right now it is $92.78/BTC1 on BTC-e. Bitcoin is still the most expensive currency in the world. Show me other currency that is worth at least $50/unit. Besides, Gold is dropping in value too. So what?

Some people will have lost a lot of money.

Most people on here are no longer quite as rich as they used to be, as their utterly 'obscene Bitcoin' profits have shrunk to merely 'obscene' profits.

Now that sentiment has turned negative, I would imagine that save for a dead cat bounce or ten, that Bitcoin is going to trend lower over the next period of time until some stability and trust has been restored.

Of course, what the hell do I know, I never seen the bull explosion coming so I dont know what makes me qualified to the near term future in Bitcoin now.

No valuation becomes a profit or a loss until you exchange back into the currency you started with. So if you bought coins at $250 each, then you haven't lost any money, or become "less rich" unless you sold those coins for a loss. So no one has done anything but declined in value. Which, as we have clearly seen, can climb quite quickly.
I've never really understood this train of thinking. I understand continuing the gamble, but that doesn't mean you aren't down.

"My IRA only declined 50% on PAPER, so I haven't lost anything because it could increase 1000% tomorrow."
"I've lost 50% of the CasinoCoins I came in with, but if I keep playing, I haven't really lost anything unless I cash out at a loss."
"I've only lost my coins with Pirate when I write it off, so if I never write it off, I'm never down."

If you consider BTC as having no "real" USD value until you cash out, it would make sense that in accounting, you should immediately consider all BTC buys total losses. Anything else seems like denial.

Don't mix your coins someone said isn't legal
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April 13, 2013, 01:52:55 PM
 #16

I sold a small amount of bitcoins to recover half of my investment. Now with all the technical difficulties that MT.Gox is experiencing, I managed to buy 15BTC at 66 and I'll secure my funds and I'll take a breather for a while from the BTC world.
I'll let my coins age quietly in offline storage until either they hit my exit prices or the paper they are printed on is worth more money than the coins themselves.
Good luck to everyone! I will be reading, though I won't be posting again until we hit $200 (could be tomorrow for all we know!)

I don't think your going to get much of a rest from bitcoin now bro. its in the public eye and will start walking up that hill again very soon.
Zaih
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April 13, 2013, 01:55:03 PM
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Cya buddy!
mestar
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April 13, 2013, 02:15:23 PM
 #18

OK Smiley

As you wish ! Good bye ...

Someone in tha crowd: bye ? buy ?
Another one : BUY !!
The crowd: BUY! BUY ! BUY !!!!

This thread is going to excel.
Larynth
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April 13, 2013, 04:21:19 PM
 #19

Give your coins to someone with more balls. People like you are not needed in the bitcoin community.

Seriously? Bitcoin needs people with the brains to reign in their balls. Testosterone isn't going to help shape an emerging market, common sense and persistence will.

Clearly the OP got in as an investment, not as an idealist.
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April 13, 2013, 05:50:44 PM
 #20

Interesting... the possibility of a member leaving just made me realize how important all this speculation is for Bitcoin.

We are quite literally leading the way for its fundamental use around the world.

You could even say, as speculators... we are the FUTURE of Bitcoin. Everyone else just takes advantage of the paths we lay first through our risk-taking and discovery.

Some have a strong faith in Bitcoin's purpose, others do not, are in it solely for the money, and end up leaving.

It is up to those who are true believers to convince the world that this is valuable.

I thank anyone who does stay and contribute. I really believe in this project. I know it's hard sometimes when competing against the pure greed of society, but there was an instance when you thought Bitcoin was valuable for some reason or another... keep whatever that was in mind.

Thanks  Smiley

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