The bitcoin story for the average joe

[LiteCoinGuy]

Step 1: Panic Sell: Quickly go to your exchange of choice (preferably one located in a country other than your own) and sell all your bitcoin. Don't even risk owning the smallest fraction of a coin. If you really want to commit to quitting, do it right and sell everything.

Step 2: Seek Validation on Your Favorite Bitcoin Forum: It is simply not enough to sell all your bitcoin. To ensure that you later don't have a "change of heart," it is required that you announce your departure. Regular bitcoin users also like to see who is leaving, so it is important for you to tell them. You won't believe how much strangers on the Internet care!

Step 3: Make Sure You Know Your Talking Points: People leaving bitcoin need to have a reason why. Make sure you have one in your pocket especially during step 2. Please choose one of these: "Price Volatility", "Centralized Mining", "Fixed Supply".

Step 4: Enjoy the Freedom from Bitcoin Shackles

Step 5: Do something else for awhile. Never pass up an opportunity to ridicule the idea of Bitcoin and those dumb enough to use it.

Step 6: Check back after six months, only to find that Bitcoin isn't dead after all.

Step 7: Check back again, only to find the price has inexplicably risen past your selling price. Complain bitterly, as the price continues rising relentlessly and inexplicably, about how "early adopters" get all the breaks.

Step 8: Buy bitcoin. Buy more bitcoin. Start dreaming of getting rich simply by buying Bitcoin.

Step 9: Put 90% of your net worth into Bitcoin. Make a post to /r/bitcoin about how you're in it for the long haul.

Step 10: Watch in horror as your "investment" drops by 50%, then 60%, then 70%.

Step 11: GOTO Step 1.

[Flashman]

Addenda: please be sporting enough to return with your old handle, so we can derive great glee from rubbing your nose in your stupidity later.

[ChuckBuck]

Step 12. When Bitcoin crashes down to $0, go to Home depot get some quality rope, tie a nice fat noose around your neck, find a nice sturdy chair to kick under you.




P.S. - Morbid sense of humor, nobody please off yourself, life's way too important.  But if you invested 100% of your life savings without hedging, I guess it's an option...

[Flashman]

Meh, I'll just quit wasting time with BTC and make an AI Robot asteroid mining probe that 3D prints clones of itself and flies back 5 million strong with 50lb of precious metals in each..... then I'll whine about the platinum, rhodium, palladium and gold bubble collapsing.

[saddampbuh]

this is why i dont sell any, i can live with losing a couple of thousand £, i couldn't live with myself if i dumped and then the price soared

[fritz]

Well, if we can't invest in oil anymore, where will all the investment dollars go?......bitcoin....?

[R2D221]

Step 12. When Bitcoin crashes down to $0, go to Home depot get some quality rope

In such a case, I would have no money at all. Are you implying I should steal that rope?

[ChuckBuck]

Step 12. When Bitcoin crashes down to $0, go to Home depot get some quality rope

In such a case, I would have no money at all. Are you implying I should steal that rope?

Desperate people do desperate things.

If I'm out on the street living on my pee and poop, I'd probably do stuff like that...I mean you have nothing to lose at that point right?  No fiat or BTC to continue living civilly...

[R2D221]

Having $0 money does not equal living on the streets. If you had previously bought a house, and some time after you find yourself with no money, the house doesn't simply vanish. You can still sell it and rent somewhere less expensive. Also, I assume you continue working, right?

[picolo]

Hopefully we will soon be in the panick buying phase or it could be a phase of rational buying because of the price halving, USD tanking and Bitcoin showing itself as a strong alternative to a fiat currency world.

[ChuckBuck]

Having $0 money does not equal living on the streets. If you had previously bought a house, and some time after you find yourself with no money, the house doesn't simply vanish. You can still sell it and rent somewhere less expensive. Also, I assume you continue working, right?

Having $0 money means you can't pay or afford mortgage, bills, food, electric, internet, water, medical expenses, gas, dog, cat, turtle etc.  Which probably means foreclosure on your house.  It means you can't afford to go to work, because you can't afford train/bus fare.  It means you'll be fired from work.  Since you don't have internet, you can't look for a job.

Yup, pretty much stick to my cardboard box for now...



Notice I'm still wearing my work shoes.  At least those are still good if I can get an interview.

DAM YOU BITCOIN!!!

[Gleb Gamow]

Step 12. When Bitcoin crashes down to $0, go to Home depot get some quality rope, tie a nice fat noose around your neck, find a nice sturdy chair to kick under you.




P.S. - Morbid sense of humor, nobody please off yourself, life's way too important.  But if you invested 100% of your life savings without hedging, I guess it's an option...

During the interim, pull-a-Williams behind locked doors, making sure to not leave a suicide note.

[ChuckBuck]

Hey PG, long time no talk!   

What does pull-a-williams mean?  Tried googling it, but doesn't come up with anything obvious. 

[Gleb Gamow]

Having $0 money does not equal living on the streets. If you had previously bought a house, and some time after you find yourself with no money, the house doesn't simply vanish. You can still sell it and rent somewhere less expensive. Also, I assume you continue working, right?

Having $0 money means you can't pay or afford mortgage, bills, food, electric, internet, water, medical expenses, gas, dog, cat, turtle etc.  Which probably means foreclosure on your house.  It means you can't afford to go to work, because you can't afford train/bus fare.  It means you'll be fired from work.  Since you don't have internet, you can't look for a job.

Yup, pretty much stick to my cardboard box for now...



Notice I'm still wearing my work shoes.  At least those are still good if I can get an interview.

DAM YOU BITCOIN!!!

A seasoned Bitcoiner would've found it funnier if the [Pattayan] homeless man was juxtaposed next to a three-prong fire hydrant.

[Gleb Gamow]

Hey PG, long time no talk!  

What does pull-a-williams mean?  Tried googling it, but doesn't come up with anything obvious.  

Try http://lmgtfy.com/?q=williams+%20%22no+suicide+note%22+%22hung+himself%22, or perhaps pull-a-Carradine is a better clue.


Step 1: Panic Sell: Quickly go to your exchange of choice (preferably one located in a country other than your own) and sell all your bitcoin. Don't even risk owning the smallest fraction of a coin. If you really want to commit to quitting, do it right and sell everything.

Step 2: Seek Validation on Your Favorite Bitcoin Forum: It is simply not enough to sell all your bitcoin. To ensure that you later don't have a "change of heart," it is required that you announce your departure. Regular bitcoin users also like to see who is leaving, so it is important for you to tell them. You won't believe how much strangers on the Internet care!

Step 3: Make Sure You Know Your Talking Points: People leaving bitcoin need to have a reason why. Make sure you have one in your pocket especially during step 2. Please choose one of these: "Price Volatility", "Centralized Mining", "Fixed Supply".

Step 4: Enjoy the Freedom from Bitcoin Shackles

Step 5: Do something else for awhile. Never pass up an opportunity to ridicule the idea of Bitcoin and those dumb enough to use it.

Step 6: Check back after six months, only to find that Bitcoin isn't dead after all.

Step 7: Check back again, only to find the price has inexplicably risen past your selling price. Complain bitterly, as the price continues rising relentlessly and inexplicably, about how "early adopters" get all the breaks.

Step 8: Buy bitcoin. Buy more bitcoin. Start dreaming of getting rich simply by buying Bitcoin.

Step 9: Put 90% of your net worth into Bitcoin. Make a post to /r/bitcoin about how you're in it for the long haul.

Step 10: Sit back or pull-a-Williams or pull-a-Carradine, then...

Step 11: Watch in horror as your "investment" drops by 50%, then 60%, then 70%.

Step 12: GOTO Step 1 (if you survived Step 10).

[picolo]

To be a millionnaire in Bitcoin at a price of 175$  5714 BTC! Having 100 BTC means you could get 17 500$ if you run to the exchanges and the price is not lower by then.

It makes you think if the market is not manipulated by someone who desperately needs some cheap BTC to recover a loss.

[EndTheFed321]

LOL, but but but I was so sure BTC would rise and rise and make me a bazillion said one speculator, the early adopters are full of useless BTC.

If only the price would keep going down down down 

[bitbaby]

Step 1: Panic Sell: Quickly go to your exchange of choice (preferably one located in a country other than your own) and sell all your bitcoin. Don't even risk owning the smallest fraction of a coin. If you really want to commit to quitting, do it right and sell everything.

Step 2: Seek Validation on Your Favorite Bitcoin Forum: It is simply not enough to sell all your bitcoin. To ensure that you later don't have a "change of heart," it is required that you announce your departure. Regular bitcoin users also like to see who is leaving, so it is important for you to tell them. You won't believe how much strangers on the Internet care!

Step 3: Make Sure You Know Your Talking Points: People leaving bitcoin need to have a reason why. Make sure you have one in your pocket especially during step 2. Please choose one of these: "Price Volatility", "Centralized Mining", "Fixed Supply".

Step 4: Enjoy the Freedom from Bitcoin Shackles

Step 5: Do something else for awhile. Never pass up an opportunity to ridicule the idea of Bitcoin and those dumb enough to use it.

Step 6: Check back after six months, only to find that Bitcoin isn't dead after all.

Step 7: Check back again, only to find the price has inexplicably risen past your selling price. Complain bitterly, as the price continues rising relentlessly and inexplicably, about how "early adopters" get all the breaks.

Step 8: Buy bitcoin. Buy more bitcoin. Start dreaming of getting rich simply by buying Bitcoin.

Step 9: Put 90% of your net worth into Bitcoin. Make a post to /r/bitcoin about how you're in it for the long haul.

Step 10: Watch in horror as your "investment" drops by 50%, then 60%, then 70%.

Step 11: GOTO Step 1.

Lol, this was really funny, thx
Needed a good laugh.
If you can make a comic strip out of it, pls do, I want to post it on my twitter.

[12345mm]

3 day chart really tells the btc story ... interesting curiosity valued stable below 100 with some intrinsic value as an instantaneous transfer medium ... jacked through the sky in 2 months (due entirely to mtgox fake money/software/lies) ... and optimistic death ever since going on over a year now ...

[xDan]

Step 3: Make Sure You Know Your Talking Points: People leaving bitcoin need to have a reason why. Make sure you have one in your pocket especially during step 2. Please choose one of these: "Price Volatility", "Centralized Mining", "Fixed Supply".

If you want to go all out, you must quote all three, and also drop some vague hints that a random altcoin that solves all these problems will very likely overtake Bitcoin as the crypto of choice in the future.