byronbb
Legendary
 Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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March 04, 2014, 12:51:49 AM |
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JUst 300% wow that sucks....  |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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JimboToronto
Legendary
Offline
Activity: 3990
Merit: 4435
You're never too old to think young.
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March 04, 2014, 01:49:42 AM |
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I've been here since 2011 also. I have to admit, I think you're (OP) suffering from bear market syndrome.
There seems to be a lot of that in the last 3 months. How soon we forget. |
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dyask
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March 04, 2014, 03:10:04 AM |
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I've been here since 2011 also. I have to admit, I think you're (OP) suffering from bear market syndrome.
There seems to be a lot of that in the last 3 months. How soon we forget. Hey it is a good thing as is spreads bitcoin over a wider group. |
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GoWest (OP)
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March 04, 2014, 03:14:45 AM |
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God dammit!  |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3008
Welt Am Draht
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March 04, 2014, 03:20:07 AM |
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Sorry for your timings.
One of the first lessons I picked up here is - always keep some skin in the game.
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cosmofly
Full Member
Offline
Activity: 532
Merit: 100
PrimeDAO - An Adoption Engine for Open Finance
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March 04, 2014, 06:48:25 AM |
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God dammit! why r u upset ? |
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F-bernanke
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March 04, 2014, 06:53:24 AM |
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God dammit! Where you that guy with the 2k+ sellwall at $402? |
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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March 04, 2014, 07:45:30 AM |
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I've certainly been lucky to see 300% ROI. I will be even luckier to see 3000% ROI.
In order to displace bitcoin any successor will have to grow to be larger than bitcoin. Good luck with that. It will take years. Not 5 years perhaps, but years. And we will all see it coming. Right now, there's nothing on the horizon that has the necessary order of magnitude improvement in overall value proposition.
In fact, any sensible project would build on top of the blockchain, to bootstrap. 99.99% chance of failure otherwise. Better to give yourself a 100x better chance of success by working with bitcoin instead of against it. Then you only have a 99% chance of failure. Consequently, any "successor" will only increase the value of bitcoin.
I do not plan to take financial advice from someone who sells at the bottom.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Mythul
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March 04, 2014, 07:57:25 AM |
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I'm afraid you sodl too early. The price just skyrocketed.
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akujin
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March 04, 2014, 08:07:28 AM |
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BTC: 165rKPfGJ3ndrG1QziHR6ACnViP4EQHNK7
LTC: LMysGMFjmF9gR9RzStij74msXrDP1NqW8X
DOGE: DRZXGgcKN8kANwko3VycsBVVGqfy6XsSpM
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Asrael999
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March 04, 2014, 08:31:27 AM |
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JUst 300% wow that sucks.... +1 (and possibly in six months or less - how miserable) |
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porcupine87
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March 04, 2014, 08:33:48 AM |
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God dammit! No problem. Interested in making 300% ROI in one year? Just stuff your million of dollars into Bitcoin  |
"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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Hyena
Legendary
Offline
Activity: 2114
Merit: 1011
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March 04, 2014, 08:38:25 AM |
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I'm currently in 600% ROI with Auroracoin in just 4 days of investment. OP your topic is older than that still pretty old so already your point is proven wrong. Now crawl back to your bear cave.
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igorr
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March 04, 2014, 06:16:54 PM |
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300% positive or negative value   |
Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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JimboToronto
Legendary
Offline
Activity: 3990
Merit: 4435
You're never too old to think young.
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March 04, 2014, 06:33:33 PM |
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Mad Scientist
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March 04, 2014, 06:37:11 PM |
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Anyway, suffice it to say that I'm not done in the crypto-currency space. I've divested into Bitcoin 2.0 technologies, and look forward to seeing the space grow. I expect to see better returns on those investments than I would if I simply held Bitcoin. I can understand what you're saying. BitCoin was the "Wright Flyer" but we need to move onto "Monoplanes" and then the "Jet Age". |
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BTCLuke
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March 17, 2014, 07:20:49 AM |
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It took $6.8 billion to get from $10 to $500. It would take $63 billion to get to $5000/Bitcoin. A lot of people are counting on Wall St. and institutional investors to make that happen, but $63 billion is A LOT of money, even for Wall St. This was your reasoning? You only see bitcoin as competition to the stock market and nothing else? That's like saying that Chocolate bars could never get big because they compete with peanut bars and the market for ONLY peanut bars isn't that big... Meanwhile, chocolate bars kept on getting more popular as they took tiny chunks of the markets away from tens of thousands of other sweets. I've always seen bitcoin as stealing the Remittance market away from WU and co first, then precious metals like gold and silver second. Stocks? I barely see the connection. What a freaking idiotic thing to assume your market is limited to! Bitcoin can EASILY grow to a trillion dollars if the public likes it, not because remittance + gold markets have that much room to spare, but because ALL investments and financial systems on planet earth have a tiny bit of room to spare each. What a waste. |
Luke Parker
Bank Abolitionist
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GoWest (OP)
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April 11, 2014, 04:53:00 AM |
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Okay that's better.
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Raize
Donator
Legendary
Offline
Activity: 1419
Merit: 1015
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April 11, 2014, 05:35:01 AM |
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Since you're still reading this, I gotta ask... Do you plan to get back in when you spot the next bottom? Also, I noticed your call of $2 was actually off by a month. You posted that in October 2011 but Bitcoin didn't hit $2 till mid-November. Bitcoin seems, to me, to be traded like a commodity. We know exactly how many Bitcoin there are, so selling out of everything and trying to call the bottom with certainty is a fool's errand. Granted you've done it before, and I see you noticed this as well, but don't you potentially see that happening again? Someone with millions or perhaps billions wanting to stockpile such an easily-manipulated currency? |
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Arghhh
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April 11, 2014, 08:11:23 AM |
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Bitcoin on BTC-e was valued at $657 on March 7th, 2014.
Will bump again once it goes past $2604.
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