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Author Topic: Pain realizing early stupidity  (Read 5102 times)
neptop
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May 17, 2011, 09:29:26 PM
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Ouch, it really hurts when you realize you sold Bitcoins that would be worth more 70 000USD now for 20 USD a year ago. Cry

Anyone else here who know how it feels?
Or anyone here happy to have done so?

BitCoin address: 1E25UJEbifEejpYh117APmjYSXdLiJUCAZ
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riX
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May 17, 2011, 09:38:29 PM
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I bought a 200 USD paysafecard from bitcoin2cc for 662.5 Bitcoins, currently the worst trade I've made with BTC.

neptop
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May 17, 2011, 09:44:29 PM
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Yaeah, also paysafecard here. Just a 20USD one for a few thousand BCs.

What did I learn from that? Never trust in what you learned in school. Wink

BitCoin address: 1E25UJEbifEejpYh117APmjYSXdLiJUCAZ
Distribution
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May 18, 2011, 01:47:36 AM
 #4

I'm extremely mad that the guy I was dealing with about two months ago has been so slow in getting me my computer which was going to be a dedicated mining rig. I'm out a huge amount just for that.

Gun accessories - www.shamblindistribution.com

My list of sites giving away btc - http://davidshamblin.com/bitcoin/free-bitcoins/
rebuilder
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May 18, 2011, 07:07:02 AM
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I've spent something like 600 BTC, probably more, on various things since early this year. Most of them before USD parity. No regrets, I knew the exchange rate might go up. Now, as then, if I want to buy things with BTC, I'll buy the relevant amount at spot price and leave my hoard alone.

Selling out to advertisers shows you respect neither yourself nor the rest of us.
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Alex Beckenham
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May 18, 2011, 07:14:31 AM
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Ouch, it really hurts when you realize you sold Bitcoins that would be worth more 70 000USD now for 20 USD a year ago. Cry

Anyone else here who know how it feels?
Or anyone here happy to have done so?

If you had 10,000 BTC now, would you actually sell them for 70,000 USD? Or would you wait another year and sell them for $1m?

happyland
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May 18, 2011, 08:26:11 AM
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Ouch, it really hurts when you realize you sold Bitcoins that would be worth more 70 000USD now for 20 USD a year ago. Cry

Anyone else here who know how it feels?
Or anyone here happy to have done so?
I mined around 14,000 coins a year ago when difficulty was 3. Yes, 3.
I was ecstatic that I had made $70 for doing nothing, but I kind of forgot about bitcoins until a month ago, when I noticed it hit parity, a 20000% ROI.
Although I sold a few off around $5.00/BTC a few weeks ago, I've still held on to the vast majority for when it'll (hopefully) serve as my retirement fund Cheesy
FreeMoney
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May 18, 2011, 03:52:25 PM
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Ouch, it really hurts when you realize you sold Bitcoins that would be worth more 70 000USD now for 20 USD a year ago. Cry

Anyone else here who know how it feels?
Or anyone here happy to have done so?
I mined around 14,000 coins a year ago when difficulty was 3. Yes, 3.
I was ecstatic that I had made $70 for doing nothing, but I kind of forgot about bitcoins until a month ago, when I noticed it hit parity, a 20000% ROI.
Although I sold a few off around $5.00/BTC a few weeks ago, I've still held on to the vast majority for when it'll (hopefully) serve as my retirement fund Cheesy

Sick score dude, congrats.

I bought a little tiny piece of gold for what would now be over $10k USD. I think I drank some $1k coffee too. It was pretty good though.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
tomcollins
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May 18, 2011, 05:35:07 PM
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Ouch, it really hurts when you realize you sold Bitcoins that would be worth more 70 000USD now for 20 USD a year ago. Cry

Anyone else here who know how it feels?
Or anyone here happy to have done so?

If you had 10,000 BTC now, would you actually sell them for 70,000 USD? Or would you wait another year and sell them for $1m?


Or wait 5 years and sell them for $1 TRILLION.
Current-C
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May 18, 2011, 05:45:03 PM
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I'm one of those guys that downloaded the client I think about 6 months ago, clicked "generate coins" and got frustrated when nothing happened.  I uninstalled it cause it was dragging down my cpu.   Tongue
byronbb
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May 18, 2011, 06:12:28 PM
 #11

I'm one of those guys that downloaded the client I think about 6 months ago, clicked "generate coins" and got frustrated when nothing happened.  I uninstalled it cause it was dragging down my cpu.   Tongue

Me too.  Undecided

Gavin Andresen
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May 18, 2011, 06:13:19 PM
 #12

Just think of that guy who gave away 10,000 bitcoins through the Bitcoin Faucet...

How often do you get the chance to work on a potentially world-changing project?
hazek
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May 18, 2011, 11:31:00 PM
 #13

I just hope people realize that if say 30k BTC hit the market right now the price would crash to probably under parity.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
bencoder
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May 18, 2011, 11:39:56 PM
 #14

Sold 1,000 bitcoins for about $45, after a sudden increase of 10x from about 0.004. I felt sure that it was going to crash after an increase of 10x in such a short period, so I sold.   The next day, I think, was the first slashdotting. Oops. Wink
Hal
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May 19, 2011, 01:43:51 AM
 #15

Sent 1000 btc to a friend as a test transaction the first month. Luckily he sent it back.  Cheesy

Hal Finney
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May 19, 2011, 01:46:44 AM
 #16

I bought some at $7.77.  Tongue
The Script
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May 21, 2011, 07:02:03 PM
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Just think of that guy who gave away 10,000 bitcoins through the Bitcoin Faucet...


The fool....     Wink
Dansker
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May 21, 2011, 08:25:02 PM
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The guy who gave away 10.000 to the faucet may have made his remaining coins worth comparably more, due to the increase in useage of the coins.

Vandroiy
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May 21, 2011, 08:44:35 PM
 #19

The guy who gave away 10.000 to the faucet may have made his remaining coins worth comparably more, due to the increase in useage of the coins.

That.

Had people just hoarded BTC when they were still a game currency, it wouldn't have gone anywhere. Yes, I think the prices were just too low, but there was a very good change BTC would just die again until the real activity boom happened.

So I don't think trading in BTC instead of totally hoarding them was stupid. People were just doing something else than speculating.
SmokeTooMuch
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May 21, 2011, 09:51:26 PM
 #20

Ouch, it really hurts when you realize you sold Bitcoins that would be worth more 70 000USD now for 20 USD a year ago. Cry

Anyone else here who know how it feels?
Or anyone here happy to have done so?
If all of us had kept their coins there wouldn't be a market like it is today, so look at your "stupidity" as an investment into the system.

Date Registered: 2009-12-10 | I'm using GPG, pm me for my public key. | Bitcoin on Reddit: https://www.reddit.com/r/btc
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