I call myself out of this game. - page 2.

notig

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Quote from: cedivad on February 14, 2013, 03:21:03 AM

A market where everyone thinks that he is gonna be rich in the next few years cannot work.
It made sense for me to invest in the past when I felt alone in this tough, but now, now everyone went mad.

"everyone" and the current market are a fraction of what the future market will be. Saying that you don't think early adopters could get rich basically means you are saying the price can't continue to rise. If the price can't continue to rise what you are basically saying is that the future market will not grow. I'd bet against that. With a larger market in the future and a fixed supply... there will be an automatic increase in demand. Price rise is inevitable with market growth.

The-Real-Link

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I certainly understand the scared sentiment but true, things don't need much time to become well-known today.

I mean (ok slightly off-topic), just yesterday, I had heard about Ultra Ever Dry, but they had put a video on Youtube only 3 months ago. It went from like 500K views or so I heard to being featured on a few blogs, then BAM. 3 million views.

Or heck, any music sensation video for that matter.

The point is that sure, while it is easy to worry and have too much confidence, there's just a finite supply of coins and tons of demand and awareness at this point to slow it down.

mccorvic

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Quote from: cedivad on February 14, 2013, 03:25:46 PM

Quote from: mccorvic on February 14, 2013, 03:14:42 PM

So, OP is afraid that he'll make too much money?

Afraid of easy money. Bitcoin looks like to be easy money right now, and that to me looks like the biggest red alert for a bubble to explode.
Price keeps doubling... Everyone will be rich soon.

Yes, easy money that people have spent years working with, buying, selling, starting business for. SO EASY!

Littleshop

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Quote from: piramida on February 14, 2013, 04:29:11 PM

google stock only went up 7.8 times up, so no, nobody missed nearly as much as with bitcoins

While from the penny area nothing is going to beat bitcoin, From the dollar area where the ball really started rolling long term AAPL owners did better.

Nothing will beat bitcoin going from less then a fraction of a penny to $25, except....... bitcoin!

piramida

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Borsche

google stock only went up 7.8 times up, so no, nobody missed nearly as much as with bitcoins

ajk

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Quote from: rpietila on February 14, 2013, 03:37:46 PM

Quote from: molecular on February 14, 2013, 01:33:34 PM

Did I put in more than 5% of my net worth into Bitcoin when I first heard about it and invested? No! Do I regret not putting in more? Hell yes! I suffer the consequences.

When I first heard about bitcoin, I could have bought it, lol. No, seriously, I could have bought maybe 5% of the supply and drive the price up 10000%.

Too bad, somebody else did. I suffer the consequences.

People say the same thing with apple and google stock,
many missed out on the chance of millions from almost nothing,

Something sounds similar...

rpietila

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Quote from: molecular on February 14, 2013, 01:33:34 PM

Did I put in more than 5% of my net worth into Bitcoin when I first heard about it and invested? No! Do I regret not putting in more? Hell yes! I suffer the consequences.

When I first heard about bitcoin, I could have bought it, lol. No, seriously, I could have bought maybe 5% of the supply and drive the price up 10000%.

Too bad, somebody else did. I suffer the consequences.

adamstgBit

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Trusted Bitcoiner

cedivad

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Quote from: mccorvic on February 14, 2013, 03:14:42 PM

So, OP is afraid that he'll make too much money?

Afraid of easy money. Bitcoin looks like to be easy money right now, and that to me looks like the biggest red alert for a bubble to explode.
Price keeps doubling... Everyone will be rich soon.

RodeoX

legendary

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The revolution will be monetized!

I'm going to be "in the game" as long as I need to buy things on the internet, which is likely forever.

mccorvic

hero member

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So, OP is afraid that he'll make too much money?

ArticMine

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Monero Core Team

Quote from: cedivad on February 14, 2013, 03:21:03 AM

A market where everyone thinks that he is gonna be rich in the next few years cannot work.
It made sense for me to invest in the past when I felt alone in this tough, but now, now everyone went mad.

This would make a lot of sense were it not for the post below:

Quote from: jl2012 on February 14, 2013, 03:23:42 AM

Since 99.99% of the world population have never heard bitcoin, it's definietly far away from everyone thinks that he is gonna be rich

+1 to jl2012's post

sounds

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1221iZanNi5igK7oAA7AWmYjpsyjsRbLLZ

The number of people involved in bitcoin has gone up a lot recently.

That can lead to unpredictable swings but over time it will drive the price up.

molecular

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Quote from: cedivad on February 14, 2013, 05:58:27 AM

Quote from: BrannigansLaw on February 14, 2013, 05:51:56 AM

Just hold onto 50btc. 1 block. 1/420,000. Then if bitcoin lifts off, you're rich.

I have more and I will hold them for the next 20 years. Because I belive.

But what will happen to the random guy that invested more than he can lose @ 20$? A lot of people will be hurted by this bubble, this is why I don't want to invest now and I call myself out.

My dad used to say: "You can do whatever you want, you just have to live with the consequences".

Did I put in more than 5% of my net worth into Bitcoin when I first heard about it and invested? No! Do I regret not putting in more? Hell yes! I suffer the consequences.

People have to re-learn to be responsible for themselves and not come crying for the state or whoever when things don't go their way. Bitcoin can help them learn. It's a good thing.

mr chong

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I am not sure why people keep saying this spike came out of no where and it is just a big bubble. If you look back to last month you will see this spike up from $12-13 came shortly after the big CES event where for the first time many people heard about bitcoins. Also wasn't this the first year bitcoins had a real presence at the show?

In todays fast pace digital age all it takes is a few new people discovering bitcoins for the first time to buy a few and then asks their friends if they own any and before long hundreds of new people are hearing about bitcoins and looking to pick up a few.

Then you add China into the mix where more people are finding out about this new e-currency then you look at the mess in Europe with the Euro barely holding on for dear life and it is easy to see why more people are looking for someplace else to park some of their money.

With the whole world connected through the Internet and its social network sites it does not take long for something to go from basically unknown to the masses to being the next big thing in a very short period. Is bitcoin the next big thing in this digital age? No way to know for sure but thanks to exposure like the CES events more people then ever are finding out about it.

John (John K.)

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Away on an extended break

I remember this drift when the prices reached parity with the dollars. Had a ton of those 'this is a bubble' threads back then....

sublime5447

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Quote from: cedivad on February 14, 2013, 03:21:03 AM

A market where everyone thinks that he is gonna be rich in the next few years cannot work.
It made sense for me to invest in the past when I felt alone in this tough, but now, now everyone went mad.

+100 I called myself out of this game when it hit 19.8 the last time I bought was 17.5. BTC is looking self destructive to me right now.

zoinky

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Web Developer

I'll take those coins off your hands!

cedivad

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I did not contradict myself. "The game" for me is buying now during this mad rally. A lot of people are doing it. They are "pretty confident to be the new wealthy elite" etc.
Bitcoin isn't going anywhere, I will just wait in case I decide to invest more.

humanitee

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Quote from: cedivad on February 14, 2013, 03:21:03 AM

A market where everyone thinks that he is gonna be rich in the next few years cannot work.
It made sense for me to invest in the past when I felt alone in this tough, but now, now everyone went mad.

Quote from: cedivad on February 14, 2013, 05:58:27 AM

Quote from: BrannigansLaw on February 14, 2013, 05:51:56 AM

Just hold onto 50btc. 1 block. 1/420,000. Then if bitcoin lifts off, you're rich.

I have more and I will hold them for the next 20 years. Because I belive.

Topic: I call myself out of this game. - page 2. (Read 4671 times)