Author

Topic: How does it feel to have bought bitcoins over $80 earlier? (Read 1385 times)

sr. member
Activity: 378
Merit: 250
Made $18k, could have made $30k, oh well.

Does that mean that someone else lost that much?

You know, I made around $9K and I was thinking the exact same thing.  I can't stop feeling I took someone else money Roll Eyes  Thanks anyway, whoever you were Grin
full member
Activity: 182
Merit: 100
Made $18k, could have made $30k, oh well.

Does that mean that someone else lost that much?

hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
Feels great, since I sold some at $160 and $220, then bought back same coins at $88-$92, and walked away with extra dollars. I'll let you think about it.
sr. member
Activity: 448
Merit: 250
this statement is false
this place has been a sicklied o'er shithole. im excited to see more rationality in the coming months.
legendary
Activity: 1795
Merit: 1208
This is not OK.
Feels like shit :/

Saw the price collapsing, but didn't manage to log in in time to cancel the buy order at @220 I had set a day earlier. I was literally seconds too slow!

Poops big time :/
full member
Activity: 182
Merit: 100
full member
Activity: 215
Merit: 105
Poorer than I ought to be
LOL - but really Smoothie....  how does it feel?  ;-)
hero member
Activity: 700
Merit: 500
No, I'm not serious.

Stop these stupid threads.

Just read these: http://www.reddit.com/r/Bitcoin/comments/1bzso1/all_you_speculators_who_sold_at_200/c9bptf3

These are from TWO DAYS AGO.

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I was pumped when I got more yesterday at under $200... I was waiting for my bank transfer to go through, worried I'd miss my chance, but it got there just in time.
Every day is an all time high now. There's no turning back.

LOL


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this is just the beginning of the bubble, wait for the mainstream to get in.

How's that going for you, buddy?


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i doubt it will ever go below 100 dollar again.

Wow, you are clever.


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No one wants to hear this but there are structural differences between the dot coms and housing market and a commodity speculation like bitcoin. Dot coms and housing are forced into 0 valuation by bankruptcies and mortgagor defaults. When a company or a homeonwer run out of money, it has a real negative effect on the security backing them. Investors had no choice but to revalue to lower or even 0 their stocks and MBS. In the case of bitcoin, as in the case of gold, nothing forces the value to 0. This means that it can bubble to a ridiculous price and then just taper off and hold for years because people are not forced into a capitulation. Then demand catches up and it starts to rise again.
This is why it is super risky to short commodities even if they are in an obvious bubble. The market can remain irrational longer than you can remain solvent.

That one is my personal favorite. A+ for effort.
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