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Author Topic: Who else sold out?  (Read 5919 times)
elggawf
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September 04, 2011, 09:46:50 PM
 #41

It is great to have people like you, because you guys produce some cool stories.
One of the best example is https://bitcointalk.org/index.php?topic=137.0

Yeah, and while none of mine are as cool as that, there was a guy on Reddit commenting about that thread saying how stupid the guy was.

My personal answer was that the whole "coulda shoulda woulda" around that particular case is just dumb - without the first few people trading them for things or USD, the market wouldn't be where it is today. Someone has to be the guy to get rid of their stuff. I think the exact example I used was "if I would have just saved all my allowance until I was 18, I could buy a ferrarri!" - it's just dumb to think like that.

The guy got two pizzas and an awesome story out of what was at the time essentially worthless - that's cool as shit, regardless of how much those coins would be worth today.

^_^
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bitconformist
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September 04, 2011, 09:50:52 PM
 #42

I sold out my dollars to buy Bitcoins. I was sick of this...


Now plot that against income.

FWIW, inflation is a good thing if you're in debt to someone.
niko
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There is more to Bitcoin than bitcoins.


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September 04, 2011, 10:03:58 PM
 #43

This is not a troll thread. I ask a simple question, if you start spewing crap about this being a troll thread then you are the troll. This is a legitimate question and I see no reason why it doesn't have a place on this forum.

How many of you guys have lost faith in Bitcoin and sold almost all of yours?

This thread is useless.  It should have been a poll.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
teflone
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You're fat, because you dont have any pics on FB


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September 04, 2011, 11:30:50 PM
 #44

Lost faith.. no..


Sold.. whats that ?

For Canadians by Canadians: Canada's Bitcoin Community - https://www.coinforum.ca/
Revalin
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September 05, 2011, 02:17:29 AM
 #45

My chief objection to your last statement is that much of what we've learned, we only had to re-learn it because we disregarded the learnings of the last few centuries of economics.

I agree in regards to economics, though it's been an interesting experiment to see how an economy behaves at a small scale.  (So far: it's an awful lot like a penny stock, and there aren't any really big surprises if that's what you expected early on.)

There are other things we're learning, though.  The technical proof-of-concept is great.  Seeing how people react to confirmation delays is interesting.  People would never put the work into more advanced clients if we didn't have a functional network to motivate them, and I'm eager to see how light clients really pan out.  An ATM in this kind of world is an interesting challenge.  There's a lot of stuff like that that that we're learning.

      War is God's way of teaching Americans geography.  --Ambrose Bierce
Bitcoin is the Devil's way of teaching geeks economics.  --Revalin 165YUuQUWhBz3d27iXKxRiazQnjEtJNG9g
Otoh
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September 06, 2011, 10:55:17 AM
 #46

My trading history

Bought 3 Aug 2011 Britcoin

1 @ $10.33
1 @ $10.00
5 @ $9.84

Bought 6 Aug

50 @ $8.70
70 @ $8.22
8 @ $8.53

Bought 7 Aug

10 @ $6.58
13 @ $6.56

Bought 15 Aug Mt.Gox

145.19 @ $11.2

Bought 16 Aug

0.525 @ $11.1

Sold 27 Aug Mt.Gox

145 @ $8

Sold 27 Aug Britcoin

145 @ $8.19

Total Btc atm: 13 @ $6.50 = $84.50
Trading loss atm: $493 from $3270, about 15%

I wonder if this would be tax deductable, can't see why not

lost faith - nope, lost money - yep

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Technomage
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September 06, 2011, 11:13:37 AM
 #47

Lost faith: no
Sold: yes
Bought back: just now

Bitcoin is still Bitcoin, nothing has changed. It's great. If you lost faith now because the price is down then you had faith in the wrong things to begin with. The price is not the most relevant factor for Bitcoin and neither are any of the stuff that has happened with 3rd party services. Bruce Wagner ain't Bitcoin either.

Bitcoin is Bitcoin and it's still doing well. There are no real issues that are causing Bitcoin itself trouble at the moment so why lose faith?

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cbeast
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Let's talk governance, lipstick, and pigs.


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September 06, 2011, 11:20:41 AM
 #48

I will start reselling Bitcoin to friends and acquaintances when I have a simple off-line solution for printing key pairs as QR codes. BTW, what happened to bitbills?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
elggawf
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September 06, 2011, 03:02:00 PM
 #49

I will start reselling Bitcoin to friends and acquaintances when I have a simple off-line solution for printing key pairs as QR codes. BTW, what happened to bitbills?

They used MyBitcoin as their payment provider, and haven't found a new one yet.

^_^
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September 06, 2011, 03:09:41 PM
 #50

The value of myholdings dropped quite a bit, since I've bought between $6 and $17, and one large purchase at $20, but I'm still buying. May buy another $3k worth in a week or two.

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September 06, 2011, 05:02:58 PM
 #51

I'm selling out... don't know if it's manipulated or wut.. but been dropping steadly at .5 incroments, these last few days.. 10,... 9.5....9.....8.5...8...7.5....7...now 6.5... great...

Otoh
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September 06, 2011, 05:29:15 PM
 #52

Technical chart trends point to down:

http://blog.bitcoinwatch.com/

$6 was nearly breached today from $7.5, I think that we may see a slide to $5 quite easily & with Fin CEN, KYC for MSB on 27th Sept being bearish

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Synaptic
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September 06, 2011, 05:42:25 PM
 #53

Technical chart trends point to down:

http://blog.bitcoinwatch.com/

$6 was nearly breached today from $7.5, I think that we may see a slide to $5 quite easily & with Fin CEN, KYC for MSB on 27th Sept being bearish

I have been watching that site for month, and it's just pathetic.

His "technical analysis" is nothing but common-fucking-sense, and he keeps saying LONG TERM: UP, like some idiot with a sales pitch.

What a joke.
Synaptic
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September 06, 2011, 05:47:46 PM
 #54

Technical chart trends point to down:

http://blog.bitcoinwatch.com/

$6 was nearly breached today from $7.5, I think that we may see a slide to $5 quite easily & with Fin CEN, KYC for MSB on 27th Sept being bearish

Actually, he's been consistently WRONG throughout the bubble deflation.

I remember right after the Gox scandal he was predicting that it was going to rise large very soon.  Then after the first big crash he predicted a huge rebound. Then again during the second big crash.

Anyone who follows his "technical analysis" ascribing any credibility are just as psychologically damaged and transparent as the author...
newMeat1
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September 06, 2011, 06:03:04 PM
 #55

The price is only gonna go so low. I mean, there are still a lot of people who are interested in and use bitcoin. It's perfect for Craig's List-style trading. There's no way it's going under $2.

Well, let the real commerce begin. Can anybody make me a deal on some 26 x 1.5 bicycle inner tubes? I want about 10, if the price is right.

bitconformist
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September 06, 2011, 06:15:01 PM
 #56

The price is only gonna go so low. I mean, there are still a lot of people who are interested in and use bitcoin. It's perfect for Craig's List-style trading. There's no way it's going under $2.

Well, let the real commerce begin. Can anybody make me a deal on some 26 x 1.5 bicycle inner tubes? I want about 10, if the price is right.
26"? Pfft. Real men ride 700c, peewee.
gw4tt
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September 06, 2011, 06:15:36 PM
 #57

as it gets into this range the resistance gets higher and higher to go lower. Unless people completely give up on the idea of bitcoin I can't see it going much below $4.
Synaptic
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September 06, 2011, 06:19:52 PM
 #58

as it gets into this range the resistance gets higher and higher to go lower. Unless people completely give up on the idea of bitcoin I can't see it going much below $4.

Why?

Why can't bitcoin still have a vibrant economy and it be worth < $1?

I'll tell you why this is the perception: because Bitcoin has and always will be nothing but a bullshit pyramid scam, and people think that the price MUST be above $1 somewhere for bitcoin to be relevant.

But I ask you this:  How is Bitcoin anymore important than the GDP of ENTIRE FUCKING NATIONS who's currency is denominated much lower than 1 USD?

Is Bitcoin more important than Japan's economy?

India's?

Mexico's?

Estonia's?


NO, NO OF COURSE NOT YOU GODDAMNED XXXXX.
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September 06, 2011, 06:21:26 PM
 #59

But I ask you this:  How is Bitcoin anymore important than the GDP of ENTIRE FUCKING NATIONS who's currency is denominated much lower than 1 USD?
lrn2 market cap, the units differ in scarcity.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
Synaptic
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September 06, 2011, 06:22:41 PM
 #60

But I ask you this:  How is Bitcoin anymore important than the GDP of ENTIRE FUCKING NATIONS who's currency is denominated much lower than 1 USD?
lrn2 market cap, the units differ in scarcity.

Relative to their respective economies?


LOL, lrn2 fail less.
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