Pages:
Author

Topic: How many bitcoin parabolic rise and bubble crash have you been through? 1, 2, 3? (Read 5147 times)

hero member
Activity: 686
Merit: 501
Stephen Reed
All of them.

My strategy is to buy some more throughout 2014 and hold until at least 2017.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
heard about it in june 2011 and bought right into the bubble at about 20. after crash mtgox got hacked, my account compromised and i thought bitcoin was some fkn scam and forgot all about it until march 2013. gox had kept my initial 100 btc all those years and gave it back to me upon request end of march 2013  Kiss.

next bubble. experienced horrors of panic sells, open orders on gox while unable to login, but came out clean. decided to invest big after the crash. way too optimistic i managed to buy at 130, which was the top before it slowly crumbled all the way down to 69. i had "lost" more than 40 % of the larger investment. horrible summer days. felt so relieved when it came back to 130 end of august.

next "bubble" (now): the coins are in cold storage. sold 5% of stash slightly above 800. will sell another 5% around 1600.

as anyone elses, my story is full of missed opportunities. would i have just bought a few days before or after i actually did in 2011...  would i have just have known about this forum earlier then march 2013.... would i have just bought in big not at this fkn top....

i am really thankful to witness this thing. great show.  

Sounds to me like you are a winner.  Almost everybody has a "what if" story.
legendary
Activity: 2338
Merit: 2106
heard about it in june 2011 and bought right into the bubble at about 20. after crash mtgox got hacked, my account compromised and i thought bitcoin was some fkn scam and forgot all about it until march 2013. gox had kept my initial 100 btc all those years and gave it back to me upon request end of march 2013  Kiss.

next bubble. experienced horrors of panic sells, open orders on gox while unable to login, but came out clean. decided to invest big after the crash. way too optimistic i managed to buy at 130, which was the top before it slowly crumbled all the way down to 69. i had "lost" more than 40 % of the larger investment. horrible summer days. felt so relieved when it came back to 130 end of august.

next "bubble" (now): the coins are in cold storage. sold 5% of stash slightly above 800. will sell another 5% around 1600.

as anyone elses, my story is full of missed opportunities. would i have just bought a few days before or after i actually did in 2011...  would i have just have known about this forum earlier then march 2013.... would i have just bought in big not at this fkn top....

i am really thankful to witness this thing. great show.  



full member
Activity: 201
Merit: 100
I'm a relative newbie, got in at $200.

I know full well that I know nothing about commodities trading, and would probably do something stupid, so my strategy is simply acquire and hold.  Dunno how long I'll hold, but for now I'm just holding.

If we have another "crash", I'll acquire some more.  Otherwise I'll just see what happens.
hero member
Activity: 728
Merit: 500
i came to the game too late..

I would argue that if you're already here (and have some) you're hardly too late.
sr. member
Activity: 434
Merit: 250
the first time i learned about BTC, it was going for $5 per coin.. i believe it was in 2011. i came to the game too late.. only was it this year that i actually invested and researched extensively.
sr. member
Activity: 433
Merit: 250
Been following BTC since before the 2011 crash - but didn't have the f**king balls to buy in at the time.

I even remember seeing the rise from $0.1 to $30 and thinking "wow, some of those guys just made a killing", and then STILL being to stupid to get in afterwards. That's painful to look back at now. Didn't get in until the after the April crash at about $80.

Same here.

I actually knew of Bitcoin when it was in the pennies. I was on the forums reading and eventually even installed the miner on my PC. I stopped mining when I realized how slow my computer ran and couldn't even game Starcraft and WoW back then.

I got into it again because I heard people using it for Silk Road. Did some research and thought this was a pretty good idea. Bought in after the crash at $60. Been holding ever since and don't plan to until it makes it or it dies.
hero member
Activity: 686
Merit: 500
man i knew about bitcoin in 2009 and didnt buy in until end of june this year. happened to be a good place to buy in but man, missed out on a lot.....
sr. member
Activity: 351
Merit: 250
I'm always grumpy in the morning.
Been following BTC since before the 2011 crash - but didn't have the f**king balls to buy in at the time.

I even remember seeing the rise from $0.1 to $30 and thinking "wow, some of those guys just made a killing", and then STILL being to stupid to get in afterwards. That's painful to look back at now. Didn't get in until the after the April crash at about $80.
newbie
Activity: 41
Merit: 0
Three

The first two gave me the wisdom not to sell early or panic sell in this one.
hero member
Activity: 811
Merit: 1000
Web Developer
Be nice if this thread had a poll.. been through 4 here.
full member
Activity: 195
Merit: 102
DiMS dev team
April and this one

I am cashing out bit by bit so I am losing coin all the way.  But I stick to principle that my BTC stash have to be worth more in fiat terms all the time. So I am selling  slow

If it  crashes terribly one day I hope to buy back

obviously I regret that  I wasn't here in 2011. After all is so much fun.. 
legendary
Activity: 1764
Merit: 1002
nah these last two are baby crashes. the slow painful slide down from 17 was the real bitch. slowly sucking hope from the bravest Smiley

There will never be a crash as bad as the 32 to 1.96 slide.

That was torture.
legendary
Activity: 1260
Merit: 1000
Drunk Posts
For everyone else who's managed to hold on through it all...

http://www.youtube.com/watch?v=pID03RrmKow
hero member
Activity: 709
Merit: 503
Brought my $10K (USD) in late-April/early-May (average basis just under $100); I have 94.75549464 BTC + 1 BTC (Casascius coin Christmas gift from my son) -- I gave 4*.2BTC away but am helping the recipients learn about Bitcoin.  Is there a list of crashes?
hero member
Activity: 574
Merit: 500
Only April and this one.

And the stress... oh, the painful stress...
full member
Activity: 238
Merit: 100
jun'11, apr'13, nov'13 (obv.)
fun everytime
sr. member
Activity: 516
Merit: 283
watched the rise in April, bought in on the crash.
Lived through November, didn't invest any new cash.
sr. member
Activity: 363
Merit: 250
Been through all 3. Sold and bought back in many times. Most of the time at a profit. Other times at a loss.
hero member
Activity: 728
Merit: 500
First time for me.
It hurts.

The next ones are a lot easier though.  When the "crash" brings the value down to above where you bought at the height of the previous bubble. Dem's good feelins.*

*If you didn't sell
Pages:
Jump to: