Topic: 2011 survivors club (Read 5075 times)

we could be consolidating in huge swings between $50-$266 for the next couple months until the tremors of the great crash of 10 April die down. never thought i'd see the day...

edit: disclaimer: wasn't around in '11, but i'm excited to be treading in such untested waters, and am jealous of the history you guys have witnessed

Coming true now.

2011 was enough to wake me up. Even if though MtGox managed to press the snooze button the second time in the row, the entire world will wake up.

exactly, money passes from the weaks hands to the knowledgable heads.

you guys do use brainwallets?

+1

We have all survived it, and I'm sure we will continue to survive. Media and weak hands will be having a field day for a while (who knows how long), but it will I have confidence it will grow. I did last time even though it was painful to watch the FUD and wired magazie 'rise and fall of bitcoin' garbage. The long term trend lines are still intact. I have more coins now, wish I had even more.

Old Timer checking in to the survivor thread....

Lol, same here. Except the post count in this obscure subforum of the interwebs.

Posted This in another thread but newbies need to read this and learn from our experience.

What happened was daylight robbery and nothing more. Greedy monsters caused a massive sell off at the perfect 'system overload goxed down DDoS' time. It was like taking candy from a baby. We had a massive influx of new naive and scared money that didn't understand the technology or its world changing potential.  Im not a finance person, but I believe its called a TREE SHAKE

All those ripe for the picking, apple shaped newbies fell to the floor in fear and are now lying bruised and hurting.

Leading to the question what will happen next? Well personally I believe in the tech as do many more and there is A FECKIN shit load of money sitting on the exchanges now a billion or more!

With whats just happened and with the aforementioned in mind many folk will no doubt flee in terror but those that understand what we have here and how strong we still are after one of the biggest and fastest sell offs in history, will probably wait for the dust to settle and if they sold on the way down will probably buy again as soon as this levels out. I predict a slow and steady rise over the next few weeks after we've found the stable base which seems to be somewhere between 50-100$.

DO YOUR OWN RESEARCH ... don't just read this speculation forum as there are many good articles out there, if you didn't understand what you were getting into before READ MORE.

I suggest these two as relatively unbiased research starting points.
one of the best of the new articles http://www.newyorker.com/online/blogs/elements/2013/04/the-future-of-bitcoin.html
followed by one of the best of the old ones http://www.economist.com/blogs/babbage/2011/06/virtual-currency?fsrc=scn/fb/wl/bl/bitsandbob

also spend less time in this seedy little sub forum and more time HERE - PRESS- https://bitcointalk.org/index.php?board=77.0.

My condolences to those that bought in above 120 but if you have followed the prevailingly sensible advice of not investing more than you can afford to loose and still haven't sold. Then I firmly believe in a years time those 260$ coins you have will be the best thing you ever did.

Still what do I know? I'm just a faceless comedy Warhol caricatured banana, on an obscure sub forum of the Internet.   DYOR

disclosure i have i've been here since Jan 2011 and have a more than a few coins tucked away don't let my registration date or post count fool you. I couldn't bring myself to sell yesterday, as I believed it to be disgustingly immoral, but will be buying more in the coming weeks.

I don't understand. Doing what wrong? What is odd is that I have btc in my wallet but that above is showing 0. Also, most of my cryptocurrency is in my LTC wallet.

By the way, I accidentally bought 1.2 bitcoins at $109 (I had intended to cancel that order), and I'm not even mad. And to me that is quite a sum of money, more than I spend on food in a week.

Very interesting thread 

This thread delivers. 

I think you're doing it wrong.

no

Deja Vu 

yes

Cool thread. Joined in 2011, still use my same addy as well.

https://blockchain.info/address/12NcNYb2oEh6ANo95AakEjPqQdgbcxh4m9?offset=150&filter=0

Date Registered:    August 02, 2010, 12:54:17 PM

Still here, but wasn't very active for a while  

Sold 1000's of btc's at what I thought where stupid high prices.
Yup stupid high like $2 - $20, actually I was happy they came back down, I had a inner piece, something inside me saying "told ya so"  

Decided not to sell more coins however, only after paid work 50/50, 50% selling (till I can pay everything with btc)  and 50% saving.
I'm not buying anymore, maybe if they would really went down to 2$ or something but I don't think that will happen, not mining anymore, going to pick up working for bitcoins again, imo also the best way to earn your coins. That's why they were made.

I started looking at Bitcoin in late 2010.  It took me 6 months to get my head around it (source code & economics).

I started Dollar Cost Averaging (DCA) at $2.50 during the first run up and spent half of my Bitcoins (within the Bitconi economy) before they reached that price again 9 months later.

1 month after the $2 dollar bottom, my business took its first Bitcoin transaction and it will continue to do so until Bitcoin completely dies.

I stopped DCA in July last year and have only made Bitcoin through my business since then.  The business has sold Bitcoin at $70 and $228 (for fiat) but still retains 40% of them.

Bitcoin has given my business unprecedented media coverage (how much would it cost to get a write up & web link in 3 major news outlets? :-)) and just between you and me, Bitcoin's appreciation has generated more profits than the business usually makes.

I only have three wishes for Bitcoin in the next 12 months, a competent exchange, less financial friction and scalable to 10 transactions per second.