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Topic: How I know that the Bitcoin boat has sailed - page 3. (Read 15370 times)

full member
Activity: 126
Merit: 100
I mean I have a shitload of coins and I'm struggling to figure out why these should increase at all the next few weeks/months

spend some.  it's that simple.

the hard part is finding the stuff you really want that you can pay for with Bitcoin.  me - i send out e-mails every day to vendors, asking if they'll take Bitcoin.

it's a process.  it's going to take time.
full member
Activity: 168
Merit: 100
I mean I have a shitload of coins and I'm struggling to figure out why these should increase at all the next few weeks/months
hero member
Activity: 672
Merit: 500
Elwar,

It seems like you're an "all in" type of person.  I think one of your biggest mistakes is lack of diversification.  Selling gold to buy company stock is a good example.  This is a big investing mistake.  Not only should you never put all your money into a single stock, this is particularly important when that one stock is your place of employment.  For the simple reason that if your company goes under, you not only lose your job but all of your investments as well.

I'm of the opinion that our economy is in for a very rough ride.  The first thing you should have is a rainy day fund.  MINIMUM of 6 months worth of expenses, more if you can.  Then you can do your traditional investing in whatever you choose.  Lastly have a small portion for speculation like investing in Bitcoin, risking only as much as you can afford to lose without it impacting your life.

Hope you have better luck this time.
full member
Activity: 168
Merit: 100
The problem I have is I think it'll go up a lot but not for awhile because there's zero infrastructure to support it

We need real shit to use it/make it. Is le

Just not happening yet
legendary
Activity: 1764
Merit: 1015
Anyone who gets BTC below thousands of dollars each is "getting in" before the ship has sailed. This ship is one that will either fly humanity to a new galaxy or will crash and burn before it exists the atmosphere. It'll be worth thousands within a few years, or it will be worth almost nothing. It's an either-or thing. In a year, bitcoin will be WAY higher than $15, or it'll be sub-$1.

A run up to 30, back to 10, up to 20, back to 15... so what!!! This is all noise in a highly volatile, revolutionary new marketplace. 99.9999% of humanity has no idea what Bitcoins are. The client is still in beta! Hardly missing the boat, IMO.

This 9000 TIMES
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
Anyone who gets BTC below thousands of dollars each is "getting in" before the ship has sailed. This ship is one that will either fly humanity to a new galaxy or will crash and burn before it exists the atmosphere. It'll be worth thousands within a few years, or it will be worth almost nothing. It's an either-or thing. In a year, bitcoin will be WAY higher than $15, or it'll be sub-$1.

A run up to 30, back to 10, up to 20, back to 15... so what!!! This is all noise in a highly volatile, revolutionary new marketplace. 99.9999% of humanity has no idea what Bitcoins are. The client is still in beta! Hardly missing the boat, IMO.
sr. member
Activity: 392
Merit: 250
The S.S. Bitcoin sailed out to Thirty Two Dollar Island on a shakedown cruise before returning to port to be fitted for a much longer voyage. Mainstream news reports claimed it had initially gone the way of the Titanic but its robust hull, geeky captain satoshi, and loyal passengers ensured it returned safely to port to weather another storm

- Fixed

Then went back out for a 3 hour tour, a 3 hour tour....
member
Activity: 91
Merit: 10
Yes, another thread about the falling Bitcoin price.

I know the ship has sailed because I have finally put money into Bitcoins and every investment that I finally get around to making is at the end of its hayday.

Back in 2001 I finally bought some dotcom stock so that I could get in on the millions that everyone else had been making for the past few years...I had followed it closely from early on and finally bit the bullet and jumped in. That is when the dotcom bubble burst. I lost all of my investment.

I did see the gold thing skyrocketing back in 2005 so I knew that it would go up. So I dropped $20,000 in when it was $400 per ounce. Then my company, SAIC announced that they were going to IPO in a year and that they were offering employees share purchases up to $20,000. So I waited while gold JUMPED to $425 and sold sold sold...and put all of that money into SAIC's IPO at $42 per share which eventually split and dropped and I eventually got my money out at $18 per share.

Then came housing...I bought a house in 2007 at the height of the housing bubble. Fortunately I bought my house in Texas which was not as expensive as other places, needless to say, I lost money when I sold it 2 years later. I sold that house and bought a house in Florida...needless to say, the Florida market is not doing all that great right now.

I found out about BitCoins about a year ago and tried to get the mining to work on my computer but after it rebooted once it started coming up with errors so I gave up on trying to mine, back when a Bitcoin was worth less than a dollar.

I have always planned on getting some Bitcoins but just never got around to it...until this past week. I finally got money transferred through my Dwolla to MtGox and bought at $16.00 per BitCoin.

Expect BitCoin to now crumble like all of my other investments.

I have also been looking into land in Costa Rica...


Not this time: http://forum.bitcoin.org/index.php?topic=7715.msg167918#msg167918
member
Activity: 126
Merit: 10
TradeHill's Australia venture is being handled so incompetently that it's only a matter of time before ASIC steps in. Once that regulatory body takes notice, it won't be long until others follow suit. Bitcoin has a chance - it just needs competent people behind it.

Australia's tax office has been quoted in online media, to be of the view that transactions involving Bitcoins, will be taxed in the same manner as barter transactions - projecting the view that in Australia, Bitcoin is viewed as a digital good that is bought or sold in exchange for national currency and bartered in exchange for goods or services.  It seems that their view is that Bitcoin as a digital commodity can also be used as a type of currency in medium of exchange barter transactions for other goods/services/currencies due to the commodity's valuable, scarce, cryptographic intrinsic properties.
member
Activity: 84
Merit: 10
etcetera
Yes, another thread about the falling Bitcoin price.

I know the ship has sailed because I have finally put money into Bitcoins and every investment that I finally get around to making is at the end of its hayday.

Back in 2001 I finally bought some dotcom stock so that I could get in on the millions that everyone else had been making for the past few years...I had followed it closely from early on and finally bit the bullet and jumped in. That is when the dotcom bubble burst. I lost all of my investment.

I did see the gold thing skyrocketing back in 2005 so I knew that it would go up. So I dropped $20,000 in when it was $400 per ounce. Then my company, SAIC announced that they were going to IPO in a year and that they were offering employees share purchases up to $20,000. So I waited while gold JUMPED to $425 and sold sold sold...and put all of that money into SAIC's IPO at $42 per share which eventually split and dropped and I eventually got my money out at $18 per share.

Then came housing...I bought a house in 2007 at the height of the housing bubble. Fortunately I bought my house in Texas which was not as expensive as other places, needless to say, I lost money when I sold it 2 years later. I sold that house and bought a house in Florida...needless to say, the Florida market is not doing all that great right now.

I found out about BitCoins about a year ago and tried to get the mining to work on my computer but after it rebooted once it started coming up with errors so I gave up on trying to mine, back when a Bitcoin was worth less than a dollar.

I have always planned on getting some Bitcoins but just never got around to it...until this past week. I finally got money transferred through my Dwolla to MtGox and bought at $16.00 per BitCoin.

Expect BitCoin to now crumble like all of my other investments.

I have also been looking into land in Costa Rica...

lol! Cheesy
jr. member
Activity: 42
Merit: 1
I did see the gold thing skyrocketing back in 2005 so I knew that it would go up. So I dropped $20,000 in when it was $400 per ounce.

I understood way back in 2003 that gold price was going to skyrocket; however - no money to invest Sad
legendary
Activity: 1937
Merit: 1001
Yea.. you're screwed, but you're lucky!
I'll give you 10 bucks!! 10!! for each bitcoin! so your losses are minimal, please PM me.
newbie
Activity: 58
Merit: 0
TradeHill's Australia venture is being handled so incompetently that it's only a matter of time before ASIC steps in. Once that regulatory body takes notice, it won't be long until others follow suit. Bitcoin has a chance - it just needs competent people behind it.
hero member
Activity: 527
Merit: 500
You'd better cash out of bitcoin now, before you make some money. ;-)
legendary
Activity: 1022
Merit: 1001
The S.S. Bitcoin sailed out to Thirty Two Dollar Island on a shakedown cruise before returning to port to be fitted for a much longer voyage. Mainstream news reports claimed it had initially gone the way of the Titanic but its robust hull, geeky captain satoshi, and loyal passengers ensured it returned safely to port to weather another storm

- Fixed
legendary
Activity: 1937
Merit: 1001
"The initial hype has sailed."
Are you kidding me? Everywhere i go (outside of the internet...) i try to talk about bitcoin, introduce it to people, so far i've not met a single person that has even heard about it.
legendary
Activity: 1106
Merit: 1007
Hide your women
The S.S. Bitcoin sailed out to Thirty Two Dollar Island on a shakedown cruise before returning to port to be fitted for a much longer voyage. 
full member
Activity: 126
Merit: 100
I could've sworn the dotcom bubble burst in 2000...

it did.

i have a spare room papered in stock options to prove it.

nice rant though...
newbie
Activity: 56
Merit: 0
I wouldn't say it's too late to get into bitcoin. There's a few services around that accept bitcoin, and the more success they have, the more likely others will start accepting bitcoin. There's always the chance of something happening and increasing or lowering the price, that's why it's an investment risk.
legendary
Activity: 1386
Merit: 1004

I found out about BitCoins about a year ago and tried to get the mining to work on my computer but after it rebooted once it started coming up with errors so I gave up on trying to mine, back when a Bitcoin was worth less than a dollar.

I have always planned on getting some Bitcoins but just never got around to it...until this past week. I finally got money transferred through my Dwolla to MtGox and bought at $16.00 per BitCoin.

Expect BitCoin to now crumble like all of my other investments.

I have also been looking into land in Costa Rica...

Let me know when you sell.  That should be a good time to buy.

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