Topic: Stupid BTC purchases (Read 1607 times)
Buying just any Bitcoin share. That's the silliest thing I did. There is not even one which will make you money even in the short run. Unless you are clever with shorting them. At least if you bought cars and computers with them you still have those.
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i would have just cashed out enough to make a 50% down payment, and then pay the rest over time. but hey, you still have a shit ton of bitcoin, so no point in being upset
i would have just cashed out enough to make a 50% down payment, and then pay the rest over time. but hey, you still have a shit ton of bitcoin, so no point in being upset
You are right. I am happy every time I sit in it - I know it was a badly timed decision but heck, its a nice car
http://www.lexus.co.uk/car-models/rx/rx-450h/
In June or so, I sold 500 Bitcoin at $119.99 to buy this. Today the price is 10 times as high so the car cost me $599k.
Fuuuck
On a positive note, the cost me about $3 each to mine and as such the car cost me $1500.
In June or so, I sold 500 Bitcoin at $119.99 to buy this. Today the price is 10 times as high so the car cost me $599k.
Fuuuck
On a positive note, the cost me about $3 each to mine and as such the car cost me $1500.
i would have just cashed out enough to make a 50% down payment, and then pay the rest over time. but hey, you still have a shit ton of bitcoin, so no point in being upset
Whenever you buy something with Bitcoin, just but more back +10%
It means they will be used more and increases your holdings at the same time.
No regrets and you're adding to the Bitcoin economy.
It means they will be used more and increases your holdings at the same time.
No regrets and you're adding to the Bitcoin economy.
hindsight is 20/20 but all of these horror stories will make it hard for me to even let go of a single satoshi
Sold 53 btc at 120$ to have a nice weekend and buy a laptop. Worst mistake of my life.
1 Year VPN subscription for 90€/BTC, then converted some BTC to fiat at 300€/BTC but I don't regret anything because I know that the Bitcoin price wasn't foreseeable and could go either ways.
http://www.lexus.co.uk/car-models/rx/rx-450h/
In June or so, I sold 500 Bitcoin at $119.99 to buy this. Today the price is 10 times as high so the car cost me $599k.
Fuuuck
On a positive note, the cost me about $3 each to mine and as such the car cost me $1500.
In June or so, I sold 500 Bitcoin at $119.99 to buy this. Today the price is 10 times as high so the car cost me $599k.
Fuuuck
On a positive note, the cost me about $3 each to mine and as such the car cost me $1500.
2 ASICMINER blades for $100, 000 back in May.
Once upon a time a guy bough a pizza with 10 mils (by btc prices now).
Had he not bough that pizza , maybe right now 1BTC would still be 2 cents.
Had he not bough that pizza , maybe right now 1BTC would still be 2 cents.
You can see it like this: When you have bitcoins bought for 10$ and then buy something, when it is at 50$, dann it is like cashing out. And this is reasonable to do. Many people do this, me included. Yesterday I thought I sell one bitcoin. A few hours later it was 100€ higher. This is bad luck, but it could easily have been 100€ less. So everything is all right
mhmm yeah, have 3 BTC floating somewhere with a lost and formatted hard drive. only wallet address exists...(guess worth holding on to it for the future). had 6.5BTC earlier this year and bought a butterfly jalapeno with it. oh well, live and learn from your mistakes. what doesn't kill you simply makes you stronger
Keep making those purchases! Just learn from the past and every time you spend some BTC, treat it like you're spending from your fiat accounts... turn right around and spend the corresponding fiat to buy back your BTC for your "savings account." No loss, and you're still promoting Bitcoin use as a transfer mechanism and a currency, while enjoying its benefit as a store of wealth.
Yeah depends on when you spend it. The value increased so quickly that only one month old purchases already look ridiculous !
these purchases are not that stupid like you think. Imagine, that thanks to them bitcoin price could grow like it did because you encouraged more merchants to accept them or at last consider it.
27 BTC exactly 2 months ago, worth about $3400 at the time.
Back in the early days I spent what would now be a 5 figure sum on.... Alpaca socks 
Yeah my pair of alpacas is from Bitcoin Black Friday 2012. Not a 5 figure sum but >1 BTC
.No regrets though!
Back in the early days I spent what would now be a 5 figure sum on.... Alpaca socks
But then again but for all our commerce with btc, would it be worth anywhere near $1000?
You can't look back and regret buying things for BTC. We all know that BTC will be worth more in the future, but it will only get there if people are using it for purchases and growing the BTC economy. So buy extra BTC on top of the ones you're going to hold, and set them aside to spend on stuff which you would have spent the fiat on. Doing this increases the value of the coins you are holding long term, so its win-win.
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