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Author Topic: How I know that the Bitcoin boat has sailed  (Read 14393 times)
Elwar
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July 02, 2011, 05:19:48 PM
 #1

Yes, another thread about the falling Bitcoin price.

I know the ship has sailed because I have finally put money into Bitcoins and every investment that I finally get around to making is at the end of its hayday.

Back in 2001 I finally bought some dotcom stock so that I could get in on the millions that everyone else had been making for the past few years...I had followed it closely from early on and finally bit the bullet and jumped in. That is when the dotcom bubble burst. I lost all of my investment.

I did see the gold thing skyrocketing back in 2005 so I knew that it would go up. So I dropped $20,000 in when it was $400 per ounce. Then my company, SAIC announced that they were going to IPO in a year and that they were offering employees share purchases up to $20,000. So I waited while gold JUMPED to $425 and sold sold sold...and put all of that money into SAIC's IPO at $42 per share which eventually split and dropped and I eventually got my money out at $18 per share.

Then came housing...I bought a house in 2007 at the height of the housing bubble. Fortunately I bought my house in Texas which was not as expensive as other places, needless to say, I lost money when I sold it 2 years later. I sold that house and bought a house in Florida...needless to say, the Florida market is not doing all that great right now.

I found out about BitCoins about a year ago and tried to get the mining to work on my computer but after it rebooted once it started coming up with errors so I gave up on trying to mine, back when a Bitcoin was worth less than a dollar.

I have always planned on getting some Bitcoins but just never got around to it...until this past week. I finally got money transferred through my Dwolla to MtGox and bought at $16.00 per BitCoin.

Expect BitCoin to now crumble like all of my other investments.

I have also been looking into land in Costa Rica...

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natman3400
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July 02, 2011, 05:23:39 PM
 #2

Gold is an exchange medium  that went up while you had it.
Bitcoin is an exchange medium....

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Oldminer
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July 02, 2011, 05:27:04 PM
 #3

So its all your fault we're down to $15?

And for Chrisakes stay away from Costa Rica

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Elwar
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July 02, 2011, 05:29:26 PM
 #4

So its all your fault we're down to $15?

Yes...sorry

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CNMOH
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July 02, 2011, 05:33:00 PM
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Haha, wow, talk about bad luck. It would be funny if bitcoins crashed to $0.01 now. I'd totally blame you. You bastard.

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July 02, 2011, 05:35:57 PM
 #6

Bitcoin is only getting started. The initial hype has sailed, and some air seems to be blowing out of the bubble, but note that it was never meant as an investment so that's ok with me.

I'm sure as soon as the services people are working on right now pop up, it'll get bigger again.

Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through FileBackup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
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July 02, 2011, 05:40:18 PM
 #7

Bitcoin is only getting started. The initial hype has sailed, and some air seems to be blowing out of the bubble, but note that it was never meant as an investment so that's ok with me.

I'm sure as soon as the services people are working on right now pop up, it'll get bigger again.


I predict that to happen as soon as Elwar cashes in his/her bitcoins.

Still around.
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July 02, 2011, 05:40:42 PM
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I hope the prices keep dropping so I can BUY BUY BUY. You clowns will be sorry for selling so cheap in 3 years.

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Elwar
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July 02, 2011, 05:41:53 PM
 #9

Bitcoin is only getting started. The initial hype has sailed, and some air seems to be blowing out of the bubble, but note that it was never meant as an investment so that's ok with me.

I'm sure as soon as the services people are working on right now pop up, it'll get bigger again.


I predict that to happen as soon as Elwar cashes in his/her bitcoins.

lol

How about if I sell for a loss when it hits $14 for the good of the BitCoin community?

Smiley

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bitcon
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July 02, 2011, 05:43:02 PM
 #10

shoulda hung onto that gold.  whats it going for now? $1000?

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July 02, 2011, 05:52:55 PM
 #11

try 1500  Smiley

Bastet
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July 02, 2011, 05:53:47 PM
 #12

shoulda hung onto that gold.  whats it going for now? $1000?

Current price is $1478 and change
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July 02, 2011, 06:02:18 PM
 #13

Yes, another thread about the falling Bitcoin price.

I know the ship has sailed because I have finally put money into Bitcoins and every investment that I finally get around to making is at the end of its hayday.

Back in 2001 I finally bought some dotcom stock so that I could get in on the millions that everyone else had been making for the past few years...I had followed it closely from early on and finally bit the bullet and jumped in. That is when the dotcom bubble burst. I lost all of my investment.

I did see the gold thing skyrocketing back in 2005 so I knew that it would go up. So I dropped $20,000 in when it was $400 per ounce. Then my company, SAIC announced that they were going to IPO in a year and that they were offering employees share purchases up to $20,000. So I waited while gold JUMPED to $425 and sold sold sold...and put all of that money into SAIC's IPO at $42 per share which eventually split and dropped and I eventually got my money out at $18 per share.

Then came housing...I bought a house in 2007 at the height of the housing bubble. Fortunately I bought my house in Texas which was not as expensive as other places, needless to say, I lost money when I sold it 2 years later. I sold that house and bought a house in Florida...needless to say, the Florida market is not doing all that great right now.

I found out about BitCoins about a year ago and tried to get the mining to work on my computer but after it rebooted once it started coming up with errors so I gave up on trying to mine, back when a Bitcoin was worth less than a dollar.

I have always planned on getting some Bitcoins but just never got around to it...until this past week. I finally got money transferred through my Dwolla to MtGox and bought at $16.00 per BitCoin.

Expect BitCoin to now crumble like all of my other investments.

I have also been looking into land in Costa Rica...

Ah yes, I've been waiting for you to get into bitcoins so that I would know when to get out.  Thank you.
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July 02, 2011, 06:05:15 PM
 #14

Right when I find some good sites to spend my extra bitcoins at, this guy comes along and rains on my day. Sad

Maybe it was him that bought BTC at $30 and made the market tank, but he doesn't want to admit it  Cheesy
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July 02, 2011, 06:07:02 PM
 #15

A hardy ol' large-cap mutual fund would be good for someone like you.

DO IT
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July 02, 2011, 06:11:33 PM
 #16

I don't think bitcoin has 'jumped the shark' just yet. Funny story though. Hell, most people don't even know bitcoin exists, hard to preach a saturation scenario with less than 0.05% of North America involved right now. It would be exciting if the pacific rim countries jumped into the fray.

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Tasty Champa
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July 02, 2011, 06:27:12 PM
 #17

OP, you can be a winner too.
You can get money.
just quit whacking off, or start whacking off,
whichever one it is, isn't working for you, so you need to do the other now.
Today is the first day to you, getting money. Cheesy
chuckypalumbo
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July 02, 2011, 06:31:10 PM
 #18

Yes, another thread about the falling Bitcoin price.

I know the ship has sailed because I have finally put money into Bitcoins and every investment that I finally get around to making is at the end of its hayday.

Back in 2001 I finally bought some dotcom stock so that I could get in on the millions that everyone else had been making for the past few years...I had followed it closely from early on and finally bit the bullet and jumped in. That is when the dotcom bubble burst. I lost all of my investment.

I did see the gold thing skyrocketing back in 2005 so I knew that it would go up. So I dropped $20,000 in when it was $400 per ounce. Then my company, SAIC announced that they were going to IPO in a year and that they were offering employees share purchases up to $20,000. So I waited while gold JUMPED to $425 and sold sold sold...and put all of that money into SAIC's IPO at $42 per share which eventually split and dropped and I eventually got my money out at $18 per share.

Then came housing...I bought a house in 2007 at the height of the housing bubble. Fortunately I bought my house in Texas which was not as expensive as other places, needless to say, I lost money when I sold it 2 years later. I sold that house and bought a house in Florida...needless to say, the Florida market is not doing all that great right now.

I found out about BitCoins about a year ago and tried to get the mining to work on my computer but after it rebooted once it started coming up with errors so I gave up on trying to mine, back when a Bitcoin was worth less than a dollar.

I have always planned on getting some Bitcoins but just never got around to it...until this past week. I finally got money transferred through my Dwolla to MtGox and bought at $16.00 per BitCoin.

Expect BitCoin to now crumble like all of my other investments.

I have also been looking into land in Costa Rica...

Yes!!! I'm just about to buy more BTC......maybe I shouldn't?

If you're looking to sign up for an exchange try Bitcoin7 or Tradehill, referral codes are listed below. Sign up for Tradehill and get 10% off of every trade you ever make.

https://www.bitcoin7.com/?ref=6383

http://www.tradehill.com/?r=TH-R15532
BitcoinDealer
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July 02, 2011, 06:35:42 PM
 #19

Yeah it's kinda late to get into Bitcoin now, kind of pointless except if you start a Bitcoin accepting business.

Bitcoin will fail (unfortunately)

Look at my previous posts for explanation

Just wait for Bitcoin v2
mizike29
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July 02, 2011, 07:14:04 PM
 #20

Well it shouldnt be too late, for me it seems like its either you get in now at 14 to 15, you missed the 86 cents beginining and 30 dollar each sale point, but if we get in at 14 to 15, all the businesses open up, more services, more trust, fourth of july weekend over and trading back up, mining gets harder less and less bitcoins available, then I am hoping it should pop up steadily to a nice price point to triple or quadruple are money

Or in the next months bitcoins will fail completely.  So its either miss it once, miss it twice and still make out, or miss it a third time as it goes up, last choice get in way to high at 100 a coin and waste ya money lol.  Just take the risk now or dont take it at all, thats what Im thinkin lol

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