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Author Topic: Pain realizing early stupidity  (Read 5901 times)
eturnerx
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May 21, 2011, 10:39:45 PM
 #21

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.
I put time limit for delivery as part of the terms of my sale contracts. If they breach them, then I cancel the contract. TBH I paid a tiny bit extra for a 6990 just because the business I was dealing with actually had it in stock. Nothing back-ordered.
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nickwit
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May 22, 2011, 01:34:29 AM
 #22

Yea, well... I'm sure we're all elderly enough now to have experienced at least two mega-tulip-scale bubbles in our lifetimes.

Bubbles can be ridden - we know that... but do take care to diversify... and always buy art because you like the art, not because you think you're going to get something for nothing.


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May 22, 2011, 02:05:58 AM
 #23

I could've invested at one dollar but did not. Sigh.

Forum members with whom I have completed satisfactory transactions: klamathonsite.
bitcool
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May 22, 2011, 02:29:47 AM
 #24

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.
This hoarding vs circulating (i.e. spending) dynamics is very interesting.

If the world is to return to gold standard, I think it would be a similar process -- the only difference is, gold has the luxury of being recognized as money in many cultures, no need to get publicity through circulation there.
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June 08, 2011, 11:16:05 PM
 #25

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.
Well, still would have been great if someone else did it.

Yes, I'd cash out my 12k BTC now, because I'd know what I'd want to buy. No, it's not a mining rig. Wink
I'd also quit mining, but still advertise and use Bitcoin, as I really love it.

BitCoin address: 1E25UJEbifEejpYh117APmjYSXdLiJUCAZ
niemivh
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June 08, 2011, 11:35:03 PM
 #26

If nothing was ever spent or sold, just hoarded then they wouldn't be where they are today.

So in a sense that was your destiny to give them away cheap.

Just glad it wasn't my destiny. 

 Wink

I'll keep my politics out of your economics if you keep your economics out of my politics.

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eturnerx
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June 09, 2011, 10:10:57 AM
 #27

I'm about to hit my first hoarding goal - past that I start to cash bitcoins for fiat to start paying for IRL things. Why have money if you're never going to spend it. I have a few IRL spending things to get then I have a stage two hoarding goal, then more IRL spending.... gotta balance the present desires vs an uncertain future.
silverback
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June 09, 2011, 11:05:52 AM
 #28

Don't beat yourself up, OP. Life is too short. At the time you spent your bitcoins it was a good deal. Back then any of us could have bought thousands of bitcoins. But not many of us did. If you are lucky btc could keep increasing in value and you could still come out in front.

Remember, it could be worse. There was a thread yesterday about how many bitcoins have been lost. When I first started reading I thought it would be quite light hearted. But there were stories of ordinary dudes who lost fortunes by making slight errors. Instead of coming away as lottery winners, they ended up empty handed. Damn that must suck. I came away feeling pretty bad for them.
tonto
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June 09, 2011, 03:48:29 PM
 #29

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

I very nearly did that exact same thing (uninstall), but I happened to catch something about GPU mining and  remembered that I had bought an HD 5770 two months ago for a little present to myself for some gaming.  So now I'm sitting on 14 coins Wink
 
I'm rich!  haha, j/k.  I actually put in a trade today for 11 coins for some cash for myself and to buy another 5770 to double (hopefully) my mining production.   I did buy like 5 of them a couple weeks ago when I first learned about trading, and have doubled my investment, so anything further I'll consider "play money".  If I can get enough coins I may trade in for some 6990s in a few months
Ucy
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July 18, 2017, 10:16:50 AM
 #30

Wow these are 2011 posts.. . those days buying 100btc wasn't a big deal.
I saw Gavin Andresen comment too
BitcoinHodler
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July 18, 2017, 10:50:18 AM
 #31

Wow these are 2011 posts.. . those days buying 100btc wasn't a big deal.
I saw Gavin Andresen comment too

i think Gavin was talking about himself Cheesy
he was running a bitcoin faucet that was giving away something like 3 bitcoins per claim....














 

 

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Xester
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July 18, 2017, 10:58:20 AM
 #32

This post is too old.   Grin  Anyways, yes it is really such and indeed a stupid decision for you to sell your bitcoins for that amount.  Well, during those time you would admit that you feel happier and a little bit richer with the money you gain by selling your bitcoins.  During those days, bitcoin is not that high in value and that is why you resorted to sell them for that price.  If anyone would think that bitcoin will be such a huge success, no one will sell them but no one think about it.  So for sure, many were just like you who sold their bitcoins for that low amount.

stompix
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July 18, 2017, 11:42:03 AM
 #33

This post is too old.   Grin  Anyways, yes it is really such and indeed a stupid decision for you to sell your bitcoins for that amount.  Well, during those time you would admit that you feel happier and a little bit richer with the money you gain by selling your bitcoins.  During those days, bitcoin is not that high in value and that is why you resorted to sell them for that price.  If anyone would think that bitcoin will be such a huge success, no one will sell them but no one think about it.  So for sure, many were just like you who sold their bitcoins for that low amount.

Yeah those guys were pretty stupid....NOT!.

I love how noobs come here and talk all high and mighty how everybody should just have hold their coins.
And what would have happened? Nobody would have used it , no shops would have accepted there would be no trading, just holding.
0 value coins.

Don't compare yourself to them, your entire vision of bitcoin is so limited it makes me puke.

crazyivan
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July 18, 2017, 11:49:49 AM
 #34

Well, I guess all these people who sold BTC during these panic which took place last few days will know how that feels so in a year time.

I guess every education costs money. Sorry for your loss bud.

coolsai
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July 18, 2017, 11:51:07 AM
 #35

Always interesting when people revive long dead posts...

Vixmore
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July 18, 2017, 12:15:25 PM
 #36

 I remember I sold around 0.8 BTC worth last year for a really low price. I think it was around 400 USD. I sincerely regret my decision and only wish I could somehow get it back. But hey, that is the past, some things cannot and will never be changed. However, many people are needed to keep the trading market going, so I guess I made some sort of contributiion  Grin. Whether that was bad for me or not....
vapourminer
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what is this "brake pedal" you speak of?


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July 18, 2017, 01:35:49 PM
 #37

i remember selling around 100 btc when the price hit $30 (whoohoo! $30!!) paid for a vacation. did the same at around $300, bought lots of toys.

ah well it was fun at the time Smiley
mindrust
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July 18, 2017, 01:46:46 PM
 #38

Wow so much history happened here.

In 2011, people couldn't believe that it would hit 2000k$/piece in one day; just like we can't imagine that it can reach 500k$ in the future now. (we actually can :p)

People sold their coins to buy coffees, pizzas and other crap. All lost the possibility of being a millionaire.

Long story short; You need to HODL till you make your dreams real. Otherwise It's not worth dumping. Doesn't make a bit of sense.

Why would you dump if you won't be living your dream life? Why sell your coins for a 100$ profit? or 1k$? Make it at least 500k$ and then we talk about dumping.

Those people made the same mistake and suffered for that decision. Be smart.
allthingsluxury
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July 18, 2017, 01:49:23 PM
 #39

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've been here a long time, you aren't alone, I would say you're in the majority, not the minority.

Mahanton
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July 18, 2017, 01:51:35 PM
 #40

How this 8 year old thread have been bumped by the word "lol"? (Try to check older post of someone who did it) But well its really a good thing to read those speculation on this timeframe which those early adopters still talking about this stuff on potential increase of bitcoin in the future which it did actually happen as of now and I dont know if those people who are talking here do still hold off their coins or did already sold in a cheaper price.

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