I'm leaving Bitcoin

[tonyja2017]

 wow, i really admire how you invest and trust Bitcoin. This is really a sentimental post for me. With absolute trust and your love of technology, I wish you success on this path. If you have time, can you discuss it with me? Give me a little time and I want to be more understanding of your beliefs.

[Bannednehlahmos]

I think that is your biggest mistake in your life, where you have ignored the best investment of a decade

[gokudera]

No, this isn't related to the Bitcoinica hack. The hack just makes the choices obvious and straightforward.

I, Zhou Tong (Zhou is my surname), will discontinue all involvement in Bitcoin-related projects after the Bitcoinica incident has been fully resolved until further notice.

I always believe in Bitcoin, or simply anything that brings people financial liberty. I have heavily invested in Bitcoin (I purchased one 1,000 BTC gold coin from Casascius and will keep it for as long as I can). And I have enjoyed what I have done for the Bitcoin community.

Really, thank you for all the wonderful support. It feels great to have an experimental project become the "best thing since sliced bread", and run one of the most profitable businesses in a new economy. Bitcoinica has a total historical revenue equivalent to about 0.67% of the whole Bitcoin economy. Not even Apple can match this record in the real world economies.

The first time I read about Bitcoin was in late 2010. My first reaction was "these coins are cheap, maybe it just doesn't work". I learned about Bitcoin again in mid 2011, when the first bubble started. I bought my first Bitcoin when it fell to $8. I told all my close friends and classmates about Bitcoin, simply because I think it's a cool idea. The idea of a margin trading platform quickly went into my mind, and I started working on Bitcoinica.

I lied about the time it took to build Bitcoinica. (I said I spent one week on it.) I started on September 4, 2011 and launched on September 9, 2011. Just four and half days. In a week, trading volume passed one million dollars. I started making profits like crazy.

In November, an investor approached me to acquire Bitcoinica. Due to regulatory concerns, I agreed to the deal and signed the agreement. Bitcoinica was sold for a good price. However, since the investor is unable to arrange for a replacement team, I continued to become the sole operator until Team Intersango took over two weeks ago. The investor let me keep all profits until late January, the official handover time. After handover, he continued to offer generous salary and performance bonus every month. The investor demands his identity to be protected so I won't share more information on this.

I left school in Singapore and decided to continue my education in Australia. I made the decision because of the Internet industry, and the hacker culture. I'm a web developer and I want to become a really good one. I want to work with smart hackers and wonderful designers to change the world. Singapore isn't particularly good at this. (Obviously, US West Coast should be a better choice, but for some other reasons I didn't consider US.)

I have started working on another project (not Bitcoin-related) that is going to make a little difference on the Internet. So far I have achieved great progress and I'm pretty confident about this new venture.

My life hasn't changed much except that I became more confident after Bitcoinica's success. I realized that I have the power to make something profitable. Such kind of confidence is extremely hard to get, until you really experience a significant success. I worked on several projects before, and all of them failed eventually. I thought I was confident because I kept building new stuff and improving myself. But the real confidence comes from the success itself.

I failed at one thing though, that is generating value for the society. Bitcoinica did create a place for people to trade more efficiently and provide liquidity to the market. However, speculation is a zero-sum game (or negative-sum, strictly saying). I know there can be many justifications for Bitcoinica's value, but all of them are against my intuition and values.

With the confidence and the innate intuition to build wonderful things for a better world, I decided to move on. I didn't quit Bitcoinica because it's the only source of income that I currently have.

I know that my time is valuable and industry establishment is really important. I don't want my name to be remembered by only Bitcoiners. It's true that I believe in Bitcoin's potential, but not everyone believes. If I'm a influential person I wouldn't have to do this, but the best way to be known in the Internet industry is to build products that save people time, money and headaches.

I'm going to be a young entrepreneur that solves problems for everyone. I leave Bitcoin only because it doesn't help address my real needs. Making money isn't that important after all.

I'll be a Bitcoin lover forever, and I will come back to this forum regularly to discuss about the future that's in our own hands! I will keep the 1,000 BTC  gold coin as a lifetime investment and I'm pretty confident that it'll be the best investment ever in my life.

Bitcoin FTW!

I think you will regret it in the future if you do that. Here in bitcoin they test everyones patience and if you quit that means you lose.

[mooccowmoo]

I think you can't leave BTC because this is the most profitable investment as experts say. they estimate to have it for the long term.

[Lankabc]

yeah blockchain techonolgy andbitcon can brings people financial liberty.. I wouldn't choose to leave. But I am at late 20s,  I want to experience something else that I'm passionate about, and possibly do something good for the world. Good luck mate.

[dirisu2018]

we will all welcome you back when you get attracted by the price in months to come and dash you a 0.0000000001 btc as a token of appreciation, dont let FUD play on your emotions, stay here and lets embrace this powerful technology together, it has come to stay for good. BITCOIN = FUTURE, dont be one of those PANIC SELLERS, BITCOIN IS FOR DIE HARD RISK TAKERS

[shesheboy]

A person who will leave the bitcoin now and will not accept in future then it means he is missing a big opportunity of the to make huge money and that will be the biggest loss in the life forever. So please wait for some more time and enjoy the whole life.

There is still a lot of oppurtunity that he can find outside the crypto scene , so it is ok if he will leave bitcoin . bitcoin doesnt hold our future ,   we only dictate our future .  

He isnt also a big loss to us , even if he/she is a whale and has a lot of bitcoins to sell but rather that is actually a good news because we can soon expect a hard crash and many people will use this oppurtunity to buy more coins .

[killerfrost]

Right. I'm about to leave the bitcoin. I feel no longer interested in bitcoin anymore. The bitcoin market is falling. It made me lose a lot of money. So I will look for new coins instead of bitcoin.

[BrittanyHorne]

I think it is not a good thing to do. If you are planning to leave from the Bitcoin or crypto, actually it is a very bad thing. My opinion is, we don't give up our targets/ dreams or hopes. Maybe it will be lost, it's ok. The best thing is we need to stay with our hopes. Don't leave from your dreams. That thing is very same to the Bitcoin. Bitcoin is a most popular and very good cryptocurrency. It has a great future. I think this is the most profitable investment option in the online industry. So my opinion is don't leaving from here.

[tanyeza123]

I hope someday you won't regret it, and I think you have a money that bitcoin has given to you, or you save enough money for your entire life. quitting in bitcoin is depend on the person who used it, you may back where ever you want because you have an account that you can use to continue what you have done in bitcoin.

[Chooroz]

Right. I'm about to leave the bitcoin. I feel no longer interested in bitcoin anymore. The bitcoin market is falling. It made me lose a lot of money. So I will look for new coins instead of bitcoin.

People should not leave bitcoin because if they will leave bitcoin for sure the value of it will dump more, people should just keep supporting bitcoin because in the future bitcoin can still grow very high.

[ngalamunan]

That was an exciting story I have read in one breath, you have made a great progress and you are still young, so the only thing I can surely say is just thank you, best regards!

You don't rush to leave bitcoin. I think now is the right time to buy bitcoibs and sell them if the price goes up. so don't get too fast leaving bitcoin. You must consider carefully so that you are not disappointed with your decision.

[dimbaba]

The best thing is we need to stay with our hopes. Don't leave from your dreams. That thing is very same to the Bitcoin. Bitcoin is a most popular and very good cryptocurrency. It has a great future.If you leave bitcoin like this, the same bitcoin will disappear from us.

[superman99]

If you really love bitcoin, why not create a new site that will help users earn protection from this hacker. The Bitcoin industry needs people who are technically and professionally high on bitcoin and it is a big loss if you leave the community like that. Hope you have changed your mind and made more contributions to the bitcoin industry.

[Furba]

Bitcoin: return to a manipulative behavior. Which data can we believe? Sep. 10, 2018
https://youtu.be/PLDpC9x42Ls

[btcrich2020]

It is your wish whether to leave the Bitcoin or not, once people who are showing interest towards Bitcoin will not leave because already they have seen growth in terms of Bitcoin from the past years. So waiting will always give good profit to the investors.

[taiwo21]

leaving Bitcoin now is not a good decision,,i would advice people to not leave Bitcoin now