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Author Topic: So how much have you lost this year by investing in Bitcoin?  (Read 4646 times)
thms (OP)
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October 31, 2014, 10:36:09 PM
 #1

Considering bitcoin was $740 on 01/01/14

and today is: $340

Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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October 31, 2014, 10:39:23 PM
 #2

Everything. And it gave me cancer too. Ah well.
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October 31, 2014, 10:44:03 PM
 #3

I'm waiting for BTC to crash to less than $50 so I can buy back in!
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October 31, 2014, 10:44:15 PM
 #4

I've lost zero bitcoins. Every bitcoin is right where it should be.
thms (OP)
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October 31, 2014, 10:54:42 PM
 #5

I've lost zero bitcoins. Every bitcoin is right where it should be.

In this case you have lost 55%. No matter if they are there or in some exchange...
thms (OP)
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October 31, 2014, 10:55:51 PM
 #6

I'm waiting for BTC to crash to less than $50 so I can buy back in!


that's the winner strategy Smiley

if btc price doesn't increase in december it will crash in january. I already sold it all..
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October 31, 2014, 11:14:33 PM
 #7

I've lost zero bitcoins. Every bitcoin is right where it should be.

In this case you have lost 55%. No matter if they are there or in some exchange...

assuming he bought at your randomly selected entry point of 700. which is unlikely. anyone notice how doomsayers think every person whose ever bought in, bought in at the very very top and there is no other possible scenario?
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October 31, 2014, 11:24:39 PM
 #8

I bought in at 300 and I'm hoping the bottom is behind us so I don't lose anything.
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October 31, 2014, 11:32:26 PM
 #9

I have lost nothing.....I hold BTC.

All other *wealth* is seizbale.

BTC make you sovereign.

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
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October 31, 2014, 11:35:09 PM
 #10

I bought bitcoin at CAD 1,100 lost everything at least when I sell at this price  Cry
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October 31, 2014, 11:44:10 PM
 #11

"One bitcoin is still one bitcoin, so I haven't lost anything! The dollar value doesn't matter! Who needs those filthy dollars anyway!?"

Oh, sorry, I was just channeling the average cultist bulltard.
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October 31, 2014, 11:45:37 PM
 #12

nothing , I know my dope money is safe
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October 31, 2014, 11:45:59 PM
 #13

I bought bitcoin at CAD 1,100 lost everything at least when I sell at this price  Cry

According to this thread the fifth 3dMACD bar is green, which apparently means 4 months of stability then to the moon. If it's right you should have 5x profit by next Easter.

https://bitcointalk.org/index.php?topic=830009.0
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November 01, 2014, 12:00:41 AM
 #14

Everything. And it gave me cancer too. Ah well.

How much did you dump into bitcoin?

thms (OP)
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November 01, 2014, 12:01:40 AM
 #15

I've lost zero bitcoins. Every bitcoin is right where it should be.

In this case you have lost 55%. No matter if they are there or in some exchange...

assuming he bought at your randomly selected entry point of 700. which is unlikely. anyone notice how doomsayers think every person whose ever bought in, bought in at the very very top and there is no other possible scenario?

No I was assuming he bought prior to 01/01/14, so since 01/01/14 he would have lost 55%.
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November 01, 2014, 01:09:48 AM
 #16

I have lost nothing.....I hold BTC.

All other *wealth* is seizbale.

BTC make you sovereign.
All wealth is seizable Sad Ask Ulbricht.

Fairplay medal of dnaleor's trading simulator. Smiley
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November 01, 2014, 02:13:33 AM
 #17

I have lost nothing.....I hold BTC.

All other *wealth* is seizbale.

BTC make you sovereign.
All wealth is seizable Sad Ask Ulbricht.

it really isn't, unless you do the equivalent of keeping all of it as gold wrapped around your neck walking in a bad neighborhood with a sign on your back saying gold for sale.
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November 01, 2014, 02:18:47 AM
 #18

I lost more in commercial real estate than Bitcoin, but I have more faith in Bitcoin than industry coming back to the USA.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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November 01, 2014, 02:24:11 AM
 #19

I have lost nothing.....I hold BTC.

All other *wealth* is seizbale.

BTC make you sovereign.
All wealth is seizable Sad Ask Ulbricht.

it really isn't, unless you do the equivalent of keeping all of it as gold wrapped around your neck walking in a bad neighborhood with a sign on your back saying gold for sale.
Taking into account $5 wrench, it unfortunately is.

Fairplay medal of dnaleor's trading simulator. Smiley
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November 01, 2014, 10:09:31 AM
 #20

about 1000$ here! yay!
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November 01, 2014, 10:18:10 AM
 #21

None, haven't hodled in a long time. Manly playing short term bounces and shorts.


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November 01, 2014, 10:28:13 AM
 #22

I've lost zero bitcoins. Every bitcoin is right where it should be.

Well, since your everyday necessities and everything around you is priced in fiat and not in bitcoin, you've lost 55% of your purchasing power.
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November 01, 2014, 10:49:13 AM
 #23

I've lost zero bitcoins. Every bitcoin is right where it should be.

Well, since your everyday necessities and everything around you is priced in fiat and not in bitcoin, you've lost 55% of your purchasing power.
How does it make you feel to say something so pointless and idiotic?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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November 01, 2014, 11:08:28 AM
 #24

I've lost zero bitcoins. Every bitcoin is right where it should be.

Well, since your everyday necessities and everything around you is priced in fiat and not in bitcoin, you've lost 55% of your purchasing power.
How does it make you feel to say something so pointless and idiotic?

It's certainly not pointless since opening post asks how much have you lost in terms of dollars, and I don't see how is it idiotic either?
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November 01, 2014, 11:20:36 AM
 #25

I lost more in commercial real estate than Bitcoin, but I have more faith in Bitcoin than industry coming back to the USA.

You're not very good at this investing stuff, are you Cheesy
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November 01, 2014, 11:27:12 AM
 #26

I've lost zero bitcoins. Every bitcoin is right where it should be.

Well, since your everyday necessities and everything around you is priced in fiat and not in bitcoin, you've lost 55% of your purchasing power.
How does it make you feel to say something so pointless and idiotic?

It's certainly not pointless since opening post asks how much have you lost in terms of dollars, and I don't see how is it idiotic either?

Of course you don't. You want the price lower. The more bearish pointless threads the better!
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November 01, 2014, 11:34:57 AM
 #27

First time bought at 480 panicked and sell at 410 first loss. Again bought at dump 385 still holing at 333 right now.
So, go figure.  Embarrassed
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November 01, 2014, 11:36:25 AM
 #28

Countless hours.

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November 01, 2014, 11:40:54 AM
 #29

I have lost nothing.....I hold BTC.

All other *wealth* is seizbale.

BTC make you sovereign.
All wealth is seizable Sad Ask Ulbricht.

I still don't get it. Same goes to that Australian drug dealer. WTF, are they really so stupid that they keep their wallets unencrypted? No paper wallets? Who on Earth holds 30k bitcoins unencrypted on a hard drive? Or better yet, 140k.

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November 01, 2014, 12:16:13 PM
 #30

Countless hours.

Me too. I haven't really lost any money, but I have lost countless hours staring at bitcoin price charts.
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November 02, 2014, 10:22:42 AM
 #31

Considering bitcoin was $740 on 01/01/14

and today is: $340



The real question is what the hell are you doing in this forum?

Another worthless troll.....get a life boy if you don't believe in cryptos go out and do something worth.

Anyway, boy, let's come back here in one year.

For people who bought at 1000 and sold at 300: I'm sorry for you of course but you should have hold. This is a medium term target investment or the best way to buy and tranfer value.

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November 02, 2014, 11:14:17 AM
 #32

Countless hours.

yep
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November 02, 2014, 11:58:31 AM
 #33

Considering bitcoin was $740 on 01/01/14

and today is: $340



The real question is what the hell are you doing in this forum?

Another worthless troll.....get a life boy if you don't believe in cryptos go out and do something worth.

Anyway, boy, let's come back here in one year.

For people who bought at 1000 and sold at 300: I'm sorry for you of course but you should have hold. This is a medium term target investment or the best way to buy and tranfer value.



You sound like someone who bought too high. With bitcoin you need the balls to sell HIGH and buy low.
There were lots of rebounds this year to Profit from.

And yes, if you bought @ 1000 and didn't sold till now, you should hold or buy more. But don't expect that you will be in a Profit Zone soon.
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November 02, 2014, 12:01:16 PM
 #34

Nothing. I'm not dumb enough to join the HODL team, with so many bad news this year.

In fact I got some gains that I would never be able to get in any other way
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November 02, 2014, 12:10:08 PM
 #35

well now 324$ i am very worried i think i will beg future...i am done lol


i don't want to say this......don't invest what you can't afford to lose...
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November 02, 2014, 12:20:30 PM
 #36

I've lost zero bitcoins. Every bitcoin is right where it should be.

If you would invest in USD, you would have BTC doubled.

Not to invest is a loss. Not that an investing is profit.
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November 02, 2014, 01:05:41 PM
 #37

I've lost zero bitcoins. Every bitcoin is right where it should be.

If you would invest in USD, you would have BTC doubled.

Not to invest is a loss. Not that an investing is profit.
If you had invested in Emerge Energy Services LP (EMES) NYSE:EMES would have fiat doubled.
Not to invest is a loss. Not that an investing is profit.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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November 02, 2014, 02:41:06 PM
 #38

$0, because i went all-in back in Q3 2013, before it was cool.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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November 02, 2014, 03:50:44 PM
 #39

$0, because i went all-in back in Q3 2013, before it was cool.

so you're down 55% because the bitcoins you have today are worth less than the same bitcoins in the 1st fo january this year.
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November 02, 2014, 04:04:09 PM
 #40

$0, because i went all-in back in Q3 2013, before it was cool.

so you're down 55% because the bitcoins you have today are worth less than the same bitcoins in the 1st fo january this year.
Nope, that's not how that works at all. Fiat exchange price is irrelevant and of no particular concern except at the moments when we choose to exchange our crypto for fiat, or vice-versa. I'm down nothing unless/until I sell some BTC at lower price(s) than I bought them.

Considering I bought all my BTC between 120 and 200$, and sold a fraction of my holdings over the course of the last year between $400 and 1,100, I have only ever profited - 200% at minimum - from my dealings bitcoin.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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November 02, 2014, 04:18:01 PM
 #41

End investors have a pattern to buy at top and sell at bottom.

When this group of people finally give up and sell, then it is time to buy as much as one can.
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November 02, 2014, 04:43:02 PM
 #42

$0, because i went all-in back in Q3 2013, before it was cool.

so you're down 55% because the bitcoins you have today are worth less than the same bitcoins in the 1st fo january this year.
Nope, that's not how that works at all. Fiat exchange price is irrelevant and of no particular concern except at the moments when we choose to exchange our crypto for fiat, or vice-versa. I'm down nothing unless/until I sell some BTC at lower price(s) than I bought them.

Considering I bought all my BTC between 120 and 200$, and sold a fraction of my holdings over the course of the last year between $400 and 1,100, I have only ever profited - 200% at minimum - from my dealings bitcoin.

You missed the thread title: "So how much have you lost this year by investing in Bitcoin?"

so no matter when you bought last year, the coins you had on 1st of january are worth 55% less today. That's all.
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November 02, 2014, 05:04:12 PM
 #43

$0, because i went all-in back in Q3 2013, before it was cool.

so you're down 55% because the bitcoins you have today are worth less than the same bitcoins in the 1st fo january this year.
Nope, that's not how that works at all. Fiat exchange price is irrelevant and of no particular concern except at the moments when we choose to exchange our crypto for fiat, or vice-versa. I'm down nothing unless/until I sell some BTC at lower price(s) than I bought them.

Considering I bought all my BTC between 120 and 200$, and sold a fraction of my holdings over the course of the last year between $400 and 1,100, I have only ever profited - 200% at minimum - from my dealings bitcoin.

You missed the thread title: "So how much have you lost this year by investing in Bitcoin?"

so no matter when you bought last year, the coins you had on 1st of january are worth 55% less today. That's all.

so you are saying btc went down in 2014 ?
thanks for going through all this research and also for generously letting us know.
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November 02, 2014, 05:07:18 PM
 #44

hmm I actually have 30 more coins than year ago. And family of 4 living on bitcoins all year long.
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November 02, 2014, 05:14:13 PM
 #45

my initial investment of a thousand dollars got taken off the table, along with several other thousand in profit, and then i returned a small portion of the profit into coins at low 400s. those coins had unrealized gains of around $600 that i 'lost' by investing 20% of my profit from bitcoin back into bitcoin, however I'm not selling those bitcoin at a loss, and there for will not be losing those gains once the price rebounds.the reason which it will is because adoption is at an all time high and price, like it has so many times in the past, is just lagging. mostly due to intentional scare tactics adopted by whales for the purpose of accumulating more coins. if i lose it all, who fuckin cares it was free money in there in the first place.

the real question is why do you guys want to stir up negative emotions so much, such a sad lot you are.
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November 02, 2014, 05:24:39 PM
 #46

my initial investment of a thousand dollars got taken off the table, along with several other thousand in profit, and then i returned a small portion of the profit into coins at low 400s. those coins had unrealized gains of around $600 that i 'lost' by investing 20% of my profit from bitcoin back into bitcoin, however I'm not selling those bitcoin at a loss, and there for will not be losing those gains once the price rebounds.the reason which it will is because adoption is at an all time high and price, like it has so many times in the past, is just lagging. mostly due to intentional scare tactics adopted by whales for the purpose of accumulating more coins. if i lose it all, who fuckin cares it was free money in there in the first place.

the real question is why do you guys want to stir up negative emotions so much, such a sad lot you are.

The same reason people try to stir up talk of million or billion dollar bitcoins.
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November 02, 2014, 05:40:24 PM
 #47

the real question is why do you guys want to stir up negative emotions so much, such a sad lot you are.

The same reason people try to stir up talk of million or billion dollar bitcoins.

Yes, market manipulation. Don't fall for it.
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November 02, 2014, 06:13:22 PM
 #48

Nothing luckily, I don't have a big quantity of bitcoin. I'm very sad for people which has bought bitcoin when price was 1130 $ !

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November 02, 2014, 07:29:49 PM
 #49

A lot, half of my savings. I feel like a total loser because I got fooled by bitcoin proponents who were saying $1000 is cheap, it would go to $100 000.
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November 02, 2014, 07:37:43 PM
 #50

A lot, half of my savings. I feel like a total loser because I got fooled by bitcoin proponents who were saying $1000 is cheap, it would go to $100 000.

It's all relative.  $30 coins looked expensive as hell when it went down to $2.  How do those $30 coins look now?  I'm not saying that BTC will ever be $100,000, but you never know what's going to happen.  I never thought it would hit $1,000, and if it did, it would be after 10 years.  Looks like I was wrong.
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November 02, 2014, 08:00:23 PM
 #51

A lot, half of my savings. I feel like a total loser because I got fooled by bitcoin proponents who were saying $1000 is cheap, it would go to $100 000.

It's all relative.  $30 coins looked expensive as hell when it went down to $2.  How do those $30 coins look now?

Like you should have sold @30 and re-bought @2?  You would have been fifteen times wealthier.  That's what speculation is all about Undecided

Quote
I'm not saying that BTC will ever be $100,000, but you never know what's going to happen.  I never thought it would hit $1,000, and if it did, it would be after 10 years.  Looks like I was wrong.

If you "never know what's going to happen," you're not investing, you're gambling.  The same "never know what's going to happen" reasoning drives the poor to spend their welfare checks on scratch tickets.  You never know, a buck could get you a million, amirite?

Did you at least sell some coin close to the top, or ...are you still hodling?
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November 02, 2014, 08:54:30 PM
 #52

A lot, half of my savings. I feel like a total loser because I got fooled by bitcoin proponents who were saying $1000 is cheap, it would go to $100 000.

I buyed @ 1000 with 1/3 of my uninvested savings. Thanks god, they were not so much

Roll a dice FOR FREE every hour, and win up to $200 in btc ---> CLICK HERE

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November 02, 2014, 09:05:02 PM
 #53

handkerchief here:

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November 02, 2014, 09:09:53 PM
 #54

If you're worried about your investment you invested too much. If the volatility is making you stressed, maybe come back in a few years when things have stabilized.

Sorry to be blunt, but the market has a way of weeding out dumb, greedy investors. It takes far more brainpower to understand the protocol and it's potential value in the future than it does to throw a stupid amount of money at something you've done nearly zero research about besides reading "to da moon" posts.

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November 02, 2014, 09:25:03 PM
 #55

A lot, half of my savings. I feel like a total loser because I got fooled by bitcoin proponents who were saying $1000 is cheap, it would go to $100 000.


so far, all the prevoius ath turned out to be cheap in the long run. why would the last ath be the first one where this will not be the case? because of the hundreds of millions of vc capital invested ? because of pay pal, dell, expedia,... ,... and all the other mainstream actors adopting it ? (and all the other great developments that took place in/towards the btc economy, that happened since the april 2013 ath)

bought my first coins right on top of 2011 bubble. i had to wait almost two years to break even. but now even those coins have 10folded.  

i suggest patience.
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November 02, 2014, 09:54:19 PM
 #56

Not enough.
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November 02, 2014, 09:58:30 PM
 #57

Back in 2013 Bitcoin was too big to bring any ROI anytime soon.  Hypothetically the most ROI left in Bitcoin is maybe 1000x.  This is compared to the earliest adopters who have seen 450,000x return (people who bought or mined in 2009 when it was fractions of a cent) and if Bitcoin did go up another 1000x then their return would be 4.5x million.

Bitcoin rich get richer and they've assumed no capital risk.  $20 - $200 investment in 2009?  That's compared to people who've drained their life savings or reverse mortgaged their homes and are now left holding the bag.


There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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November 02, 2014, 10:26:52 PM
 #58

Considering bitcoin was $740 on 01/01/14

and today is: $340



The real question is what the hell are you doing in this forum?

Another worthless troll.....get a life boy if you don't believe in cryptos go out and do something worth.

Anyway, boy, let's come back here in one year.

For people who bought at 1000 and sold at 300: I'm sorry for you of course but you should have hold. This is a medium term target investment or the best way to buy and tranfer value.




You sound like someone who bought too high. With bitcoin you need the balls to sell HIGH and buy low.
There were lots of rebounds this year to Profit from.

And yes, if you bought @ 1000 and didn't sold till now, you should hold or buy more. But don't expect that you will be in a Profit Zone soon.

Mr. Branson, I got in firstly in 2011 (with about 1000 dollars) and in september 2012 I got in a little heavier  Cool. Bitcoin was at 10,20 dollars.

Crypto gave me 1 house, 2 cars, 1 pub, another investment in a society and 6 Titans (which, besides, I have just received, hallelujah hallelujah!)

I wouldn't say I bought too high. Certainly I could have sold higher but believe me I am totally satisfied.

When I read troll boys I understand that they try to get in at good prices or maybe they are payed (don't think much) by some banker.

But I think this forum and cryptos in general should somehow get rid of this rubbish. And frankly speaking I'm too old to bear these behavior.

Go to school BOYS, you need to grow up a little more.

Thank you.
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November 02, 2014, 10:29:52 PM
 #59

A lot, half of my savings. I feel like a total loser because I got fooled by bitcoin proponents who were saying $1000 is cheap, it would go to $100 000.


so far, all the prevoius ath turned out to be cheap in the long run. why would the last ath be the first one where this will not be the case? because of the hundreds of millions of vc capital invested ? because of pay pal, dell, expedia,... ,... and all the other mainstream actors adopting it ? (and all the other great developments that took place in/towards the btc economy, that happened since the april 2013 ath)

bought my first coins right on top of 2011 bubble. i had to wait almost two years to break even. but now even those coins have 10folded.  

i suggest patience.

+1
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November 02, 2014, 10:35:31 PM
 #60

Considering bitcoin was $740 on 01/01/14

and today is: $340



http://research.stlouisfed.org/fred2/series/BASE/

if you see this and your not in gold/bitcoin you are a naive fool and deserve whats coming.
enjoy your printable papers with pictures of dead presidents on them, i hope you can burn them to keep warm in winter.
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November 02, 2014, 10:40:07 PM
 #61

Considering bitcoin was $740 on 01/01/14

and today is: $340



http://research.stlouisfed.org/fred2/series/BASE/

if you see this and your not in gold/bitcoin you are a naive fool and deserve whats coming.
enjoy your printable papers with pictures of dead presidents on them, i hope you can burn them to keep warm in winter.



 Cheesy Cheesy Cheesy
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November 02, 2014, 10:56:02 PM
 #62

Considering bitcoin was $740 on 01/01/14

and today is: $340



http://research.stlouisfed.org/fred2/series/BASE/

if you see this and your not in gold/bitcoin you are a naive fool and deserve whats coming.
enjoy your printable papers with pictures of dead presidents on them, i hope you can burn them to keep warm in winter.

I'm in a house, Robert Paulson, a house bought with worthless USD.
It's heated by an oil furnace, a distillate of the stuff that's priced in USD.  More convenient and economical than burning $$$.
I'm surrounded by jackbooted gubermint thugs, who keep me safe from you armchair revolutionaries.
For providing this service, these terrorizing thugs get paid in USD, by an evol gubermint that rules through terror and extortion.
And jackbooted thugs.

Have fun keepin' warm by burning Bitcoin ...OWAIT, u can't even burn Bitcoin Cheesy
Oh well, spring is right around the corner! Smiley
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November 02, 2014, 10:58:09 PM
 #63

Considering bitcoin was $740 on 01/01/14

and today is: $340



http://research.stlouisfed.org/fred2/series/BASE/

if you see this and your not in gold/bitcoin you are a naive fool and deserve whats coming.
enjoy your printable papers with pictures of dead presidents on them, i hope you can burn them to keep warm in winter.

I'm in a house, Robert Paulson, a house bought with worthless USD.
It's heated by an oil furnace, a distillate of the stuff that's priced in USD.  More convenient and economical than burning $$$.
I'm surrounded by jackbooted gubermint thugs, who keep me safe from you armchair revolutionaries.
For providing this service, these terrorizing thugs get paid in USD, by an evol gubermint that rules through terror and extortion.
And jackbooted thugs.

Have fun keepin' warm by burning Bitcoin ...OWAIT, u can't even burn Bitcoin Cheesy
Oh well, spring is right around the corner! Smiley


You obviously don't know how much heat a miner produce...

Roll a dice FOR FREE every hour, and win up to $200 in btc ---> CLICK HERE

Tip me using the LIGHTING NETWORK! -->https://tippin.me/@Erre96344121
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November 02, 2014, 11:17:43 PM
 #64

Considering bitcoin was $740 on 01/01/14

and today is: $340



http://research.stlouisfed.org/fred2/series/BASE/

if you see this and your not in gold/bitcoin you are a naive fool and deserve whats coming.
enjoy your printable papers with pictures of dead presidents on them, i hope you can burn them to keep warm in winter.

I'm in a house, Robert Paulson, a house bought with worthless USD.
It's heated by an oil furnace, a distillate of the stuff that's priced in USD.  More convenient and economical than burning $$$.
I'm surrounded by jackbooted gubermint thugs, who keep me safe from you armchair revolutionaries.
For providing this service, these terrorizing thugs get paid in USD, by an evol gubermint that rules through terror and extortion.
And jackbooted thugs.

Have fun keepin' warm by burning Bitcoin ...OWAIT, u can't even burn Bitcoin Cheesy
Oh well, spring is right around the corner! Smiley


You obviously don't know how much heat a miner produce...

Exactly as much as it uses in electricity, which he won't be able to afford, so none Smiley
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November 02, 2014, 11:39:12 PM
Last edit: November 02, 2014, 11:51:51 PM by abercrombie
 #65

I'm in the plus column (knock on wood) in terms of trading.  

Lost $2,200 in BTC to con-artists on 3 separate instances.  I blame myself, I got greedy and ignored my own rules.

Fortunately, that is relatively small compared to my winnings.
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November 02, 2014, 11:43:11 PM
 #66

Considering bitcoin was $740 on 01/01/14

and today is: $340



http://research.stlouisfed.org/fred2/series/BASE/

if you see this and your not in gold/bitcoin you are a naive fool and deserve whats coming.
enjoy your printable papers with pictures of dead presidents on them, i hope you can burn them to keep warm in winter.

I'm in a house, Robert Paulson, a house bought with worthless USD.
It's heated by an oil furnace, a distillate of the stuff that's priced in USD.  More convenient and economical than burning $$$.
I'm surrounded by jackbooted gubermint thugs, who keep me safe from you armchair revolutionaries.
For providing this service, these terrorizing thugs get paid in USD, by an evol gubermint that rules through terror and extortion.
And jackbooted thugs.

Have fun keepin' warm by burning Bitcoin ...OWAIT, u can't even burn Bitcoin Cheesy
Oh well, spring is right around the corner! Smiley


I'd pay good bitcoin to see what those thugs will do to you once your fiat papers are worthless and you can't pay them...
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November 03, 2014, 08:35:10 AM
 #67


I'm in a house, Robert Paulson, a house bought with worthless USD.
It's heated by an oil furnace, a distillate of the stuff that's priced in USD.  More convenient and economical than burning $$$.
I'm surrounded by jackbooted gubermint thugs, who keep me safe from you armchair revolutionaries.
For providing this service, these terrorizing thugs get paid in USD, by an evol gubermint that rules through terror and extortion.
And jackbooted thugs.

Have fun keepin' warm by burning Bitcoin ...OWAIT, u can't even burn Bitcoin Cheesy
Oh well, spring is right around the corner! Smiley


That's a good argument, but it comes from an old consensus which is still prevail. There is another consensus slowly gaining traction: When you buy one of such a house and oil furnace, the money printer has already bought himself the whole city (including thugs) using printed money. The difference is that you need to work to buy such a house, and money printer don't need

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November 03, 2014, 09:01:42 AM
 #68

Considering bitcoin was $740 on 01/01/14

and today is: $340



http://research.stlouisfed.org/fred2/series/BASE/

if you see this and your not in gold/bitcoin you are a naive fool and deserve whats coming.
enjoy your printable papers with pictures of dead presidents on them, i hope you can burn them to keep warm in winter.

I'm in a house, Robert Paulson, a house bought with worthless USD.
It's heated by an oil furnace, a distillate of the stuff that's priced in USD.  More convenient and economical than burning $$$.
I'm surrounded by jackbooted gubermint thugs, who keep me safe from you armchair revolutionaries.
For providing this service, these terrorizing thugs get paid in USD, by an evol gubermint that rules through terror and extortion.
And jackbooted thugs.

Have fun keepin' warm by burning Bitcoin ...OWAIT, u can't even burn Bitcoin Cheesy
Oh well, spring is right around the corner! Smiley


You obviously don't know how much heat a miner produce...
In fact, the more efficient miners become, the better they will be for heating your home. Soon mining gear companies will build water heater and steam plumbing interfaces because they will be profitable.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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November 03, 2014, 09:12:26 AM
 #69

I have gained bitcoins this year.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
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November 03, 2014, 10:02:46 AM
 #70

I have lost nothing.....I hold BTC.

All other *wealth* is seizbale.

BTC make you sovereign.

There is something to be said for that. But I don't take such a loss in purchasing power so lightly.
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November 03, 2014, 02:58:55 PM
 #71

I haven't really been keeping up, but I would say I'm down about 2000-2500 over the course of this year (in dollar value)
I still have some bitcoin, and some prevalent alts, but I honestly can't see any of it going anywhere any more. I've lost faith.

I won't sell what I have left, but I have pretty much written it off in all honesty.
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