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Author Topic: how much money have you cashed out from bitcoin  (Read 3833 times)
bitbot (OP)
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June 18, 2011, 03:49:52 PM
 #1

and what have you purchased with your returns

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June 18, 2011, 04:09:06 PM
Last edit: June 18, 2011, 05:13:32 PM by DamienBlack
 #2

Haven't cash anything out. Put a lot in. I'm in it for the long haul. I figure if there is even a tiny chance that bitcoins go big, I want every last one I can muster. It might die, but if it doesn't it might go really big, $10,000/BTC big.

But I have used bitcoins, see my sig.
bitbot (OP)
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June 18, 2011, 04:19:40 PM
 #3

realistically, who do you believe is going to pay you 10,000 or even anywhere near $100 per coin?

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June 18, 2011, 04:22:14 PM
 #4

realistically, who do you believe is going to pay you 10,000 or even anywhere near $100 per coin?
LOL - same question one year before (at US$ 0.06) . And today they pay US$ 15 for it. With the same speed its in 1 year at US$ 3750,-

But DamienBlack is talking about 5 years, 10 years 15 years - forever i guess.

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Jaime Frontero
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June 18, 2011, 04:23:37 PM
 #5

realistically, who do you believe is going to pay you 10,000 or even anywhere near $100 per coin?

realistically, the idea that some random collection of bits and bytes could actually get to dollar parity is a pipe-dream.  i mean, why would anybody pay you...

wait.

what?
hamdi
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June 18, 2011, 04:24:43 PM
 #6

never cashed anything out, saving my coins or using them within BTC economy
i just play the market at mtgox by cashing to dollar and back to btc
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June 18, 2011, 04:28:53 PM
 #7

I haven't cashed out per se! But, I bought a few things from bitporium, cablesaurus, and a few others!
realistically, who do you believe is going to pay you 10,000 or even anywhere near $100 per coin?
If/when it becomes the worldwide standard currency, many will! There are only going to be 21mil BTC EVER! For that to supply the entire world, each BTC would need to be worth gobs of "money"!

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June 18, 2011, 04:34:01 PM
 #8

0...

I bought some VGA dummy plugs though and donated bitcoins to friends to get them started.


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June 18, 2011, 04:35:31 PM
Last edit: June 18, 2011, 04:48:22 PM by piuk
 #9

Initially bought £2000 @ average £8, sold at £15. bought £2000 again @ £10, sold at £14. Just over doubled my money ~£4500, cashed it all out. But i've wasted a ton of time on this forum and watching charts. Might look at making a long term investment in a few weeks.

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June 18, 2011, 04:36:47 PM
 #10

I cashed some out (like 50 bitcoins) ... to buy a mining rig. Cheesy So it all stays "home".

I have also bought things with bitcoins and given some tips.


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bitbot (OP)
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June 18, 2011, 04:42:22 PM
 #11

My coins are for exchange of products and services only.

look at this nancy boy riding his high horse

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June 18, 2011, 04:45:39 PM
 #12

I'm still new and haven't done anything with the Bitcoins I have yet.  I will probably get some Newegg or Amazon gift card when I have a few more coins. 
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June 18, 2011, 04:47:44 PM
 #13

I started mining with a 5670 that I had just bought for other reasons. Once I got enough BTC to pay for its value I sold them, just to check how easy it would be to convert to cash. The I invested in a mining rig with a 5850 and a 5870. I sold 23 BTC just when it was around its current all time peak. Got 480€ which pays for my Graphic boards again. I am now mining for the long run. May actually buy some BTC with cash since I am confident that BTC wil go up again soon.
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June 18, 2011, 04:49:08 PM
 #14

The smart ones save.
bitbot (OP)
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June 18, 2011, 04:51:15 PM
 #15

have you guys really only spent bitcoins on computer equipment to get more bitcoins?
you people are no fun at all

a proper response to this thread would have been








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bitbot (OP)
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June 18, 2011, 04:53:29 PM
 #16

not this


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hugolp
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June 18, 2011, 04:58:10 PM
 #17

My coins are for exchange of products and services only.

look at this nancy boy riding his high horse

You are allowed to troll because you entertain us, but dont dare mocking productive members of the bitcoin community.


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June 18, 2011, 05:05:27 PM
 #18

How does that dude sit on the toilet without swallowing it?HuhHuhHuhHuh?
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June 18, 2011, 05:11:41 PM
 #19

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June 18, 2011, 05:12:23 PM
 #20

is that holliday

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