How I know that the Bitcoin boat has sailed

[Elwar]

My hope is that Bitcoin will go lower for the next few months when I can finally buy again starting around February when I should have some more money again to buy.

So...buy now...it'll probably go way up.

Then in February another downtrend will begin.

[Cluster2k]

You'll know bitcoin's boat has sailed when we're struggling to find uses for bitcoin beyond narcotics trading, gambling, and buying bitcoins simply because of the belief they are going to be worth more in the future without a concrete reason as to why.

[kjj]

You'll know bitcoin's boat has sailed when we're struggling to find uses for bitcoin beyond narcotics trading, gambling, and buying bitcoins simply because of the belief they are going to be worth more in the future without a concrete reason as to why.

Who is struggling to find uses?

Every single store on the internet should be using bitcoin, plus bitcoin enables dozens or hundreds of new things that haven't been invented yet.

[foggyb]

You'll know bitcoin's boat has sailed when we're struggling to find uses for bitcoin beyond narcotics trading, gambling, and buying bitcoins simply because of the belief they are going to be worth more in the future without a concrete reason as to why.

Struggling to find uses for a currency....

That idea is wholly illogical. The online commerce market is approaching 1 TRILLION dollars. All bitcoin needs is a 1% cut to make it a wild success.

[phatsphere]

narcotics trading, gambling, and buying bitcoins

we need porn in that list

[Junko]

narcotics trading, gambling, and buying bitcoins

we need porn in that list

porn is free

[SkRRJyTC]

narcotics trading, gambling, and buying bitcoins

we need porn in that list

porn is free

Free porn sucks... I would gladly pay BTC for a quality porn experience.

[420]

narcotics trading, gambling, and buying bitcoins

we need porn in that list

porn is free

Free porn sucks... I would gladly pay BTC for a quality porn experience.

Define 'quality' in terms of pornography?

[Junko]

narcotics trading, gambling, and buying bitcoins

we need porn in that list

porn is free

Free porn sucks... I would gladly pay BTC for a quality porn experience.

Define 'quality' in terms of pornography?

Better acting maybe?
Can't be HD porn, because you can get that for free.

[Elwar]

My hope is that Bitcoin will go lower for the next few months when I can finally buy again starting around February when I should have some more money again to buy.

So...buy now...it'll probably go way up.

Then in February another downtrend will begin.

Well, it looks like it went way up.

It is February, I just bought $3k worth and am waiting on Dwolla for another $2k.

As per my luck, a crash after I purchase it over $25.

[420]

My hope is that Bitcoin will go lower for the next few months when I can finally buy again starting around February when I should have some more money again to buy.

So...buy now...it'll probably go way up.

Then in February another downtrend will begin.

Well, it looks like it went way up.

It is February, I just bought $3k worth and am waiting on Dwolla for another $2k.

As per my luck, a crash after I purchase it over $25.

better sell at $30 before bubble pop!

[Bit_Happy]

OMG!!!
Time to sell.   

[kingcrimson]

My hope is that Bitcoin will go lower for the next few months when I can finally buy again starting around February when I should have some more money again to buy.

So...buy now...it'll probably go way up.

Then in February another downtrend will begin.

Well, it looks like it went way up.

It is February, I just bought $3k worth and am waiting on Dwolla for another $2k.

As per my luck, a crash after I purchase it over $25.

more likely you are at the $400 / oz of gold stage, got in just in time. now just stay strong if you see another opportunity pop up put new money into it instead of the bitcoin $$

[Melbustus]

Just don't look at the exchange rate for 5 years.

Maybe 10 years, actually.

[SimonL]

Ironic that this thread would pop up from over a year ago.

I just sold all of my Bitcoin last week for $2k. I initially invested $10k.

I got in at $16 with about 625 BTC. With some decent trading I got it up to about 750 as it fell and fell...I was close to 800 at around $5 and decided to try to salvage anything I could by jumping in with Bitcoinica.

I got Zhoutghouned several times to the point that I was down to around 200 BTC. After seeing a manipulative trend on Bitcoinica I moved almost all of my BTC out of Bitcoinica about a month before it died.

I just bought a pool house last week as an investment for $52k, cashed out my BTC to help with the down-payment.


As for Costa Rica...it got too expensive to buy there.

You have been incredibly unlucky. I don't mean this in a gloating fashion or anything, but if you had simply held onto those 625 BTC your coins would be well over 15k USD. A 150% gain. I think your, all in, all out mentality has gotten yourself to this point, gradually moving into the market would not have netted you great gains, but it also means you would not've lost so badly either. Your investment sense is way, way, WAY too emotional, I think you should wade back in slowly and gradually. Buying thousands of dollars of coins now as it has been surging for the last couple of weeks is panic buying at it's worst.

That is unless that couple of grand is play money you were going to spend at Vegas anyway, in that case go right ahead! ;P

[marhjan]

Elwar bought back in...  here comes the correction.  $8 here we come!!!  whee!!

[benjamindees]

This thread is hilarious.  I should probably sell.

[vokain]

This thread is hilarious.  I should probably sell.

This time it's different 

[Elwar]

Oh Fudge.

[benjamindees]

seen on Zerohedge:

Kennedy later claimed he knew the rampant stock speculation of the late 1920s would lead to a crash. It is said that he knew it was time to get out of the market when he received stock tips from a shoe-shine boy.

http://en.wikipedia.org/wiki/Joseph_P._Kennedy,_Sr.#The_Crash