Topic: If someone buys Bitcoin today, they'll be lucky to see a 300%+ ROI. - page 6. (Read 17741 times)

So far I just see you trolling:

I am.  Have done so many times.   Usually buy with existing coins, then replenish what I spent.  I don't think the stats from Overstock reflect a tiny few number of people making up their $1 million in Bitcoin sales so far.  That would be the result if it were just the early adopters with thousands of coins going on a shopping spree.

-B-

lol.

I was just thinking that I am a late adapter and stupid as fuck. I am prouding myself to see someone early adapted spreading fud as a 5 year old child which contains the dumbass opinions about bitcoin to buy in again from low.

It is not that hard to reach that 3000$ point and it doesn't even needs 2billions or so.

Maybe it is harder than past because market is shared and portioned with other exchanges and upping the price is a little difficult, it will need more coordination and care. However it still not as hard as being in need of higher than 1 billions.

I am pretty sure that you will get in this train again when you see us going to the moon at the end of 2014. Winklewoss brothers planing something for Q4.

Especially England plans to tax bitcoin. This means we are getting high. I will be more honoured to sell my bitcoins to you with %100 profit at that time. And honestly I don't care if a profit is %100 or %20000. Profit is profit. There is nothing to be regret about missing huge profits. No need to be greedy as fuck.

There always been oppurtunities, and there will always be. Maybe it will be ripple or maybe ethereum but be sure about this:

The firsts will always be the firsts. Bitcoin is a cult and must for cryptocurrency, and will always be a gate for other protocols. There is nowhere near support for other coins or protocols as bitcoin community has.

If these people don't sell their bitcoin instanly after mtgox announcements, this means that a fairly good trust has been created around bitcoin now. You need to go steadly to see new highs, you need to be prepared, you need to spread your roots to handle that growth.

This is what is happening right now. The weak roots dry. Strong roots grow.

Merchants adopting BTC as a 'protocol' as you put it, is the first step to Bitcoin becoming a money. When Bitcoin can be spent on most anything (even if the merchants then just sell Bitcoin afterward), then Bitcoin is a much easier sell to consumers.

I'm having a hard time understanding the premise of this post.

In the subject you suggest that 300% ROI is not worth getting out of bed for.. and after 25,000% its understandable why you might think that.  But as others have said in this thread, 300% is a very nice return. 

This leads me to believe your are solely focused on high risk / high reward speculation, but the confusing part is you have been a big supporter of Bitcoin for 3 years, with a active blog, twitter feed and BCTalk account, you attended most the expos and conferences, you've started a couple of bitcoin businesses..

This makes me think that through most of your involvement you believed in Bitcoin.  Realizing your profit is certainly a wise choice, but I find it strange that someone so supportive of Bitcoin for so long would sell everything and can find no appeal in it anymore.. the fundamentals haven't changed.. Its still cheap, decentralized, secure, easy to use, cant be inflated.  Why dump it all?

Like you, I am also excited about other innovative cryptos like Ripple, OT and NXT etc, but I think the biggest most important asset to any of these crypto's is not the technology or people working on it, its the "mindshare" and effort of the general public to acknowledge and accept.  Bitcoin has a 4 year headstart on the competition here, another crypto would have to be significantly better to begin to erode some of that lead.

I can see from your tweets you've been more involved in Ripple, while I think Ripple is great and use it regularly I fear its complexity is its biggest barrier to adoption by the wider public.

To summise, not sure if:

• Speculating
• Wants confirmation selling 100% of beloved btc was the right choice
• Promoting new fav Ripple

You are so cute, and you don't even realize it.

Absolutely adorable. Like a kid or something.

Read this: http://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalization

$63 billion is not a large amount of money.

just because someone's been registered here since 2011 doesn't mean they're any less likely to be an idiot

Why not? after all he sold all his coins .... after mtGox fiasco

Doesnt sound like hes smart to me. His math and "analysis" is comparable to a 5 yrs old....

Do you really believe it took $6.8 billion to get to $500? LOL. I find it hard to believe you believe this.

Yes sheeps listen to OP. He sold all his coins and suddenly decided to voice his "honest opinions"

We need FUD like this to buy in lower.

interesting. could you quantify a bit ?

I was all out too, but now back in Never say never

give it 2-3 years, and it will be an excellent read.

on the other hand: exit strategy is a hard one to accomplish. all those years of tension. it sure is great to be part of it. but as price rises all of a sudden some are multiple $ millionaires. the game changes. become independent for the rest of our life or risk it all on a virtual thing still in beta? once you reached that it must be a great feeling to step out of crazy ccmf ride to da moon in some way.
at what price would you get tempted ? $ 10k, 30 k ? 

I like posts like these... they usually get posted right at the start of the next of rally

EDIT: Typo.

Some major points you're overlooking-

1) New markets, China, India, arab countries. Are you aware of chinese capital controls? Are you aware of their real estate bubble (theyre about the equivalent to where we were in 2007-- except perhaps 50%+ more inflated). We are talking about a 10 TRILLION dollar bubble. Further, it was in 2 short months, and out of NOWHERE that China alone moved the price of bitcoin up about $10 billion worth of market cap. Now digital currency is on the radar for the masses, and there are hundreds of billions of dollars stockpiled there each year looking for new investments. The Chinese are LOOKING for the best investment they can- their stock market is rigged, their real estate bubble is in an immense bubble, and they're VERY restricted from sending money overseas (even wiring more than $500 from a Chinese bank account to a US account is an extreme pain in the ass and raises eyebrows).

Also, digital currency allows the chinese to invest money easily or transfer money overseas with much greater ease than anything before. Yeah the chinese government hates it, as does india, as will arab countries (all countries where money is leaving will hate bitcoin, while, in general, countries where money will come to (like the US), will like bitcoin (you can see the Fed reserve's actions of passively acknowledging bitcoin(they realize its good, they dont want to publicly support it due to retaliation (esp from China/India).



2) Also, bitcoin may not have the kind of exponential growth as before- but these alt currencies very much can. Coins like dogecoin, or other novel small market cap coins. Dogecoin currently is around 50m, but should really be around $500m based off bitcoins current price just by the size of its community and volume(and note it is not even traded on btc-e yet where 80%+ of bitcoin and litecoin volume comes from). Not to mention, the community rocks.
Indeed, bitcoin had a good run but these alt coins can SURPASS bitcoins growth rate in the past few years-- this is why even in this current short-term downtrend I don't dare sell my position, because it is my position and it can take off at any moment (just like it did in Oct-Nov 2013)

Explain why ? You have no idea about real investors, they will use Bitcoin investment trusts or ETF's

What's the connection MtGox -> Bitcoin?

I'll try to sum my viewpoints up a bit to not bore you people.

a) Bitcoin may potentially have less ROI than some other highly speculative investment but it is probably less risky than investing in some altcoin project (how will you know you picked the right ones out of the GIANT set of options). What I don't understand is that you invested in bitcoin and now that it is looking like it may actually be used on a large scale you switch to different projects.
If you are seeking these fantastic 25000% ROIs well then that move makes sense. But you are also taking huge risks because it is definitely not certain that these altcoins or different cryptos will definitely reach the scale that bitcoin has today.

b) Stop whining about what bitcoin as a protocol can't do.  This reminds me of the Simpsons episode where Homer designs a car.
The only people who state bitcoin as a protocol is dead are those that desperately want their newly invested altcoin with a billion new features to shine.
You know there isn't just one "internet protocol" that does it all. There is actually a protocol stack where each thing does something different.
Why should a crypto be a distributed exchange and this and that and defrag you old harddrives and serve as an instant messenger all at the same time?
This is the classical recipe for screwup

[edit] just to clarify, yes there is an internet protocol, it is part of a stack of protocols. what I was referring to was that you don't have a giant blob that "gives you internet"

itt caputalation. now *I'm* calling the bottom