Stupid BTC purchases

[azw409]

I'm sure I'm not the only one but I've bought a domain registration for $150 and a USB Block Erupter for $900 in today's money !! I could have had a nice new laptop had I not squandered it.

[Sindelar1938]

Hehe

We all have done this, I think

Treasure the ones you got left

[coinslut]

over 1 btc spent on domains here, no regrets... btc should be spent

[glub0x]

I'm sure I'm not the only one but I've bought a domain registration for $150 and a USB Block Erupter for $900 in today's money !! I could have had a nice new laptop had I not squandered it.

I bought a 2btc bitcoin erupter. No regrets, it's collector. ( also i bought it for 200$ as i changed euro to pay for it and didn't reduce my bitcoin capital)
Still 2000$ makes it a expensive toy ahah, i don't even bother minning with it now!

Also i bought a blade for 5.5btc same idea :p

Or a 10€ double beer 0.1 btc a few month back to pay back a friend! i remember i told him that soon it was going to pay of the entire bill. I was wrong, payed it off 5 times now ahah

i'm very happy with all that at the end...

[Tirapon]

You can't look back and regret buying things for BTC. We all know that BTC will be worth more in the future, but it will only get there if people are using it for purchases and growing the BTC economy. So buy extra BTC on top of the ones you're going to hold, and set them aside to spend on stuff which you would have spent the fiat on. Doing this increases the value of the coins you are holding long term, so its win-win.

[Sindelar1938]

But then again but for all our commerce with btc, would it be worth anywhere near $1000?

[Mt. Dox]

Back in the early days I spent what would now be a 5 figure sum on.... Alpaca socks 

[dserrano5]

Back in the early days I spent what would now be a 5 figure sum on.... Alpaca socks 

Yeah my pair of alpacas is from Bitcoin Black Friday 2012. Not a 5 figure sum but >1 BTC .

No regrets though!

[ingrownpocket]

27 BTC exactly 2 months ago, worth about $3400 at the time.

[tutkarz]

these purchases are not that stupid like you think. Imagine, that thanks to them bitcoin price could grow like it did because you encouraged more merchants to accept them or at last consider it.

[XBBlade]

Yeah depends on when you spend it. The value increased so quickly that only one month old purchases already look ridiculous !

[x86Daddy]

Keep making those purchases!  Just learn from the past and every time you spend some BTC, treat it like you're spending from your fiat accounts... turn right around and spend the corresponding fiat to buy back your BTC for your "savings account."  No loss, and you're still promoting Bitcoin use as a transfer mechanism and a currency, while enjoying its benefit as a store of wealth.

[morphKET]

mhmm yeah, have 3 BTC floating somewhere with a lost and formatted hard drive. only wallet address exists...(guess worth holding on to it for the future). had 6.5BTC earlier this year and bought a butterfly jalapeno with it. oh well, live and learn from your mistakes. what doesn't kill you simply makes you stronger

[porcupine87]

You can see it like this: When you have bitcoins bought for 10$ and then buy something, when it is at 50$, dann it is like cashing out. And this is reasonable to do. Many people do this, me included. Yesterday I thought I sell one bitcoin. A few hours later it was 100€ higher. This is bad luck, but it could easily have been 100€ less. So everything is all right

[niothor]

Once upon a time a guy bough a pizza with 10 mils (by btc prices now).
Had he not bough that pizza , maybe right now 1BTC would still be 2 cents.

[Soros Shorts]

2 ASICMINER blades for $100, 000 back in May.

[Hawker]

http://www.lexus.co.uk/car-models/rx/rx-450h/



In June or so, I  sold 500 Bitcoin at $119.99 to buy this.  Today the price is 10 times as high so the car cost me $599k.

Fuuuck 

On a positive note, the cost me about $3 each to mine and as such the car cost me $1500.

[Ricke]

1 Year VPN subscription for 90€/BTC, then converted some BTC to fiat at 300€/BTC but I don't regret anything because I know that the Bitcoin price wasn't foreseeable and could go either ways.

[Lauda]

Sold 53 btc at 120$ to have a nice weekend and buy a laptop. Worst mistake of my life.

[eternaluniverse]

hindsight is 20/20 but all of these horror stories will make it hard for me to even let go of a single satoshi

[Funky Al]

Whenever you buy something with Bitcoin, just but more back +10%

It means they will be used more and increases your holdings at the same time.

No regrets  and you're adding to the Bitcoin economy.

[beetcoin]

http://www.lexus.co.uk/car-models/rx/rx-450h/



In June or so, I  sold 500 Bitcoin at $119.99 to buy this.  Today the price is 10 times as high so the car cost me $599k.

Fuuuck 

On a positive note, the cost me about $3 each to mine and as such the car cost me $1500.

i would have just cashed out enough to make a 50% down payment, and then pay the rest over time. but hey, you still have a shit ton of bitcoin, so no point in being upset 

[Hawker]

...snip...
i would have just cashed out enough to make a 50% down payment, and then pay the rest over time. but hey, you still have a shit ton of bitcoin, so no point in being upset 

You are right.  I am happy every time I sit in it - I know it was a badly timed decision but heck, its a nice car   

[tinus42]

Buying just any Bitcoin share. That's the silliest thing I did. There is not even one which will make you money even in the short run. Unless you are clever with shorting them. At least if you bought cars and computers with them you still have those.