Looking forward to the next 40x increase!
Topic: why I sold my bitcoins.... (Read 34344 times)
The amazing thing is that... it REALLY DID FEEL like a bubble back then. Just like it kind of feels like a bubble now (I realize the word bubble has practically no meaning...).
Looking forward to the next 40x increase!
Looking forward to the next 40x increase!
Belated $800 bump.
But don't you know that "bitcoins @ 27-28 are way overpriced"? Interesting to see the OP still alive and well, but now he's in the betting subforums (check latest posts) - he decided that holding bitcoins is too dangerous - "If you continue to hold and lose your proverbial bum--blame no one but yourself" - but betting money on an outcome of events he has zero control of is a safe investment. Poor pal.
Belated $800 bump.
But don't you know that "bitcoins @ 27-28 are way overpriced"? Interesting to see the OP still alive and well, but now he's in the betting subforums (check latest posts) - he decided that holding bitcoins is too dangerous - "If you continue to hold and lose your proverbial bum--blame no one but yourself" - but betting money on an outcome of events he has zero control of is a safe investment. Poor pal.
amazon coins are doing very well i hear. 
The title is same as, why I didn't buy any bitcoins...
Ok, you chose to believe in possibilities of miracles - your choice I do have scientific background. No, there is absolutely no facts so far to back any of your claims, you might as well refer to a god almighty erasing all coins. I prefer reality, in it, any flaw that could be discovered "by luck" is quickly fixed "by work".
I do have scientific background. No, there is absolutely no facts so far to back any of your claims, you might as well refer to a god almighty erasing all coins. I prefer reality, in it, any flaw that could be discovered "by luck" is quickly fixed "by work".
That was a hoax...
Nothing can break it?
Do you have a university background? I can tell you, a breakthrough happens most of the time by pure luck. Cryptography is still a developping field.
What happens if you can reverse all transactions? Generate bitcoins from nothing? Fake Hashpower (generate coins worth 10^12 more then your actual mining power)? Noone has proven yet, that it's impossible (that's the beauty of it).
Big players could easily do a 51% attack. And with big players I'm talking about governments or multi billion dollar companies. Bitcoin could get in the way of big enemies and that's the first true test for this "new" currency. Wait and enjoy the show.
Nothing can break it?
Do you have a university background? I can tell you, a breakthrough happens most of the time by pure luck. Cryptography is still a developping field.
What happens if you can reverse all transactions? Generate bitcoins from nothing? Fake Hashpower (generate coins worth 10^12 more then your actual mining power)? Noone has proven yet, that it's impossible (that's the beauty of it).
Big players could easily do a 51% attack. And with big players I'm talking about governments or multi billion dollar companies. Bitcoin could get in the way of big enemies and that's the first true test for this "new" currency. Wait and enjoy the show.
You can't predict the future.
In 10 months bitcoin could be worthless, after someone publishes a paper about bitcoin algorithm flaw and possible exploits.
In 10 months bitcoin could be worthless, after someone publishes a paper about bitcoin algorithm flaw and possible exploits.
Like the one published a month ago? Yeah, that devastated bitcoin
Nothing can break it, hear me? Nothing - it is already out, and noting is stopping it. Any advancements in technology would lead to small source code patches, that is all. You can ban exchanges, hack sha-256, kill all lead developers (long live Gavin!), and do it all at the same time, and bitcoin would easily survive all that, simply because it already has enough value to self-sustain.The only possible scenario for bitcoin to go away is if it will be gradually replaced by a completely new implementation, which would appear as an alt-coin at first but will slowly prove it's worth and benefits and slowly rise in value and network strength, cannibalizing bitcoin. There will be plenty of time to switch.
You can't predict the future.
In 10 months bitcoin could be worthless, after someone publishes a paper about bitcoin algorithm flaw and possible exploits.
He couldn't know that the price would rise that high. I didn't either in 2010. Otherwise I would have bought a lot more.
What's wrong about speculation?
And why selling with a loss? You need to cash out to lose anything. Just be patient.
In a bullish market it's really easy to make cash. Just need strong hands and allways sell a specific amount when the price goes up and buy more coins, if the price goes down.
It's really easy.
You can place orders weeks before. Just need to check if they were fullfilled and replace them with new ones.
Problem: Coins and Cash is allways in a dubios exchange. No Risk, no Fun.
In 10 months bitcoin could be worthless, after someone publishes a paper about bitcoin algorithm flaw and possible exploits.
He couldn't know that the price would rise that high. I didn't either in 2010. Otherwise I would have bought a lot more.
What's wrong about speculation?
And why selling with a loss? You need to cash out to lose anything. Just be patient.
In a bullish market it's really easy to make cash. Just need strong hands and allways sell a specific amount when the price goes up and buy more coins, if the price goes down.
It's really easy.
You can place orders weeks before. Just need to check if they were fullfilled and replace them with new ones.
Problem: Coins and Cash is allways in a dubios exchange. No Risk, no Fun.
You are talking about speculation, that is fine sometimes, unless of course you lose all eventually by buying high selling lower The op is talking about going out of bitcoin into fiat at a ridiculously low price. That is not "taking profit", that is stupidity, plain and simple - OP had a bar of gold, which he exchanged for a bar of lead because he was unable to correctly assess it's value, then went on to brag about it.
Oh right, but all the people with their gold bars are missing on all the wonderful "profit" expressed in lead bars, right? You guys make me smile in admiration of your short-sightedness. Right, he got some paper moneys which he probably already spent on useless shiny toys, but what he now does not have, is a chance to have something real, that can last his lifetime. He now only has memory of that time when life gave him a chance but he blew it, because he was scared to lose some tiny amount of paper money Pathetic.
The op is talking about going out of bitcoin into fiat at a ridiculously low price. That is not "taking profit", that is stupidity, plain and simple - OP had a bar of gold, which he exchanged for a bar of lead because he was unable to correctly assess it's value, then went on to brag about it. Oh right, but all the people with their gold bars are missing on all the wonderful "profit" expressed in lead bars, right? You guys make me smile in admiration of your short-sightedness. Right, he got some paper moneys which he probably already spent on useless shiny toys, but what he now does not have, is a chance to have something real, that can last his lifetime. He now only has memory of that time when life gave him a chance but he blew it, because he was scared to lose some tiny amount of paper money
Pathetic.
Why?
He realised a decent profit.
Most of you dream of of factor 5 increase in btc price.
Probably a lot of you would sell, if the price goes to 1500$!
I would sell too, but not all coins.
Hold and never sell = 0 profit
Sell a few coins = lots of profit and still the chance of getting insanly rich
I just sold a few coins on gox eu ath (340 euros). Have enough cash to rebuy after the price crash. And bitcoin crashes in intervalls. Just be ready to grab cheap coins. And never panic sell.
PS:
Sold @ 340, and bought back @ 328 ... allways good to have cash in exchanges.
He realised a decent profit.
Most of you dream of of factor 5 increase in btc price.
Probably a lot of you would sell, if the price goes to 1500$!
I would sell too, but not all coins.
Hold and never sell = 0 profit
Sell a few coins = lots of profit and still the chance of getting insanly rich
I just sold a few coins on gox eu ath (340 euros). Have enough cash to rebuy after the price crash. And bitcoin crashes in intervalls. Just be ready to grab cheap coins. And never panic sell.
PS:
Sold @ 340, and bought back @ 328 ... allways good to have cash in exchanges.
now there will be some people who will post 5 charts that show bitcoin going to the stars and state that the fundamentals are all there for an explosive growth in this new technology. Rubbish. They are just shamelessly promoting their current holdings much like those shameless "gold is the answer" charlatans. If you continue to hold and lose your proverbial bum--blame no one but yourself
Can't really stress this enough - we don't know how much "hi" had, but assuming it's anything worth talking about (four-digit amounts of bitcoin at that time), he must have lost at least his 401k retirement plan in unrealized profit, and all he had to do to never have to work again - was just wait 8 months. Oh well.
Ouch! Sucks to be OP
Looking back in 2015 when 1 BTC = $10k and just beginning to rise fast, this will look flat.
Even buying in at $100 is a bargain.
Even buying in at $100 is a bargain.
I'll sell you all you want at $100
Ok, I have considered your offer for a while and now I'm ready. Sell me.
yeah, this. belated $400 bump. all in good fun, op
I bought Kona Coiler with 66 bomber for 110 Btc when they were 9... so I have an expensive bike... so what!
HAHAHAHAHA
Never sell BTCBTCBTC
Lol every time I click on the OPs thread I have a little giggle.
Strong hands never sell.
Never sell BTCBTCBTC
Lol every time I click on the OPs thread I have a little giggle.
Strong hands never sell.
Omg reading the OP again just made me laugh, I'm in a library at the moment but can hardly hold back my snickering. 
why I sold my bitcoins?
So there would be more for others to buy and use. Speeding the love
So there would be more for others to buy and use. Speeding the love
Jump to: