Topic: I blew all my money on bad investments, fora!
Anonymous A started this discussion 15 years ago #11,568
My bad investments were in bitcoin!It's now below $7 for a coin, the lowest in 4 months. I got in at $30/coin.
Ks !KansasxqvM joined in and replied with this 15 years ago, 2 minutes later[^] [v] #208,242
Oh, lawdy. Don't invest in anything and count decent returns in under 10 years at least. Its new, give it time, furthermore investing any significant percentile of your portfolio in a new and untested market is full on retard.
brie !OudrPWaUDQ joined in and replied with this 15 years ago, 7 minutes later, 10 minutes after the original post[^] [v] #208,244
did you invest in mining hardware and you're giving up or did you buy your bitcoins?
Ks !KansasxqvM replied with this 15 years ago, 7 minutes later, 18 minutes after the original post[^] [v] #208,248
@previous (brie !OudrPWaUDQ)
This and, leave it in and just forget about it. If the virtual currency is gonna happen, its gonna happen in bitcoin. This is all fallout from that indecent they had, scared investors selling off, scaring even more investors etc. Patience man.
This and, leave it in and just forget about it. If the virtual currency is gonna happen, its gonna happen in bitcoin. This is all fallout from that indecent they had, scared investors selling off, scaring even more investors etc. Patience man.
Anonymous D joined in and replied with this 15 years ago, 2 minutes later, 20 minutes after the original post[^] [v] #208,249
Ks, watch it keep falling http://mtgoxlive.com/orders
When it freefalls, it's best to sell it off and buy it back lower.
When it freefalls, it's best to sell it off and buy it back lower.
Anonymous E joined in and replied with this 15 years ago, 4 minutes later, 24 minutes after the original post[^] [v] #208,254
Ks !KansasxqvM replied with this 15 years ago, 5 minutes later, 29 minutes after the original post[^] [v] #208,257
@208,249 (D)
> When it freefalls, it's best to sell it off and buy it back lower
True, but where is the bottom?!? Eh, its not a significant amount of money OP has in it. I'd probably just let it ride myself.
> When it freefalls, it's best to sell it off and buy it back lower
True, but where is the bottom?!? Eh, its not a significant amount of money OP has in it. I'd probably just let it ride myself.
brie !OudrPWaUDQ replied with this 15 years ago, 23 minutes later, 52 minutes after the original post[^] [v] #208,282
i'd like to point out how amazing it is that a virtual P2P currency is even worth $7 per coin. and all of this investor interest only came about AFTER bitcoin reached dollar parity. bitcoin isn't going anywhere, stop being a pussy and just let it ride, or you'll regret that you sold off your coins so early in the future when cryptocurrency is the defacto way of paying for things.
(Edited 1 minute later.)
Ks !KansasxqvM replied with this 15 years ago, 7 minutes later, 59 minutes after the original post[^] [v] #208,284
@previous (brie !OudrPWaUDQ)
I agree brie. The tragedy really is, that that incident triggered the downturn, had it been more stable rather than on a rapid rise everything would have been fine, worst fucking timing. Who knows though, it may turn out to be good for BC in the long run, no one can predict that kind of shit.
I agree brie. The tragedy really is, that that incident triggered the downturn, had it been more stable rather than on a rapid rise everything would have been fine, worst fucking timing. Who knows though, it may turn out to be good for BC in the long run, no one can predict that kind of shit.
sluggy joined in and replied with this 15 years ago, 5 hours later, 6 hours after the original post[^] [v] #208,391
brie !OudrPWaUDQ replied with this 15 years ago, 1 minute later, 6 hours after the original post[^] [v] #208,392
dreamworks !AUIkTW/L46 joined in and replied with this 15 years ago, 4 hours later, 11 hours after the original post[^] [v] #208,467
@208,242 (Ks !KansasxqvM)
but you kept saying in other bitcoins threads that everyone should invest in them
but you kept saying in other bitcoins threads that everyone should invest in them
protip !!pMmAiEwOm joined in and replied with this 15 years ago, 6 minutes later, 11 hours after the original post[^] [v] #208,470
lolamateurs
Ks !KansasxqvM replied with this 15 years ago, 38 minutes later, 12 hours after the original post[^] [v] #208,489
@208,467 (dreamworks !AUIkTW/L46)
I'll still say that. Put a little money in them, if it works out it works out, if it doesn't, no big loss. I never paid attention to BC threads back on TC, I wish I had.
I'll still say that. Put a little money in them, if it works out it works out, if it doesn't, no big loss. I never paid attention to BC threads back on TC, I wish I had.
Anonymous I joined in and replied with this 15 years ago, 26 minutes later, 12 hours after the original post[^] [v] #208,508
Anonymous J joined in and replied with this 15 years ago, 2 minutes later, 12 hours after the original post[^] [v] #208,511
@OP
> I got in at $30/coin.
Hahahahahaha. Oh well. Don't sell them now. Just wait and they should eventually go above that.
> I got in at $30/coin.
Hahahahahaha. Oh well. Don't sell them now. Just wait and they should eventually go above that.
Ks !KansasxqvM replied with this 15 years ago, 4 minutes later, 12 hours after the original post[^] [v] #208,513
@208,508 (I)Not a red cent lol.
to be fair I had $250 ready to put in, but then they started crashing, I'll still invest when they stabilize.
Anonymous K joined in and replied with this 15 years ago, 4 minutes later, 12 hours after the original post[^] [v] #208,519
This is why they keep going down, see http://www.flexcoin.com/calc/index.php
50 coins are made each ten minutes from mining, no matter how much or little. It's based on difficulty.
It should go back to below $1/coin by December. No one is using the coins but investors.
50 coins are made each ten minutes from mining, no matter how much or little. It's based on difficulty.
It should go back to below $1/coin by December. No one is using the coins but investors.
Anonymous I replied with this 15 years ago, 4 minutes later, 12 hours after the original post[^] [v] #208,525
@208,513 (Ks !KansasxqvM)
Well there's no better time to invest than during a crash. I don't think it'll stabilize until after it goes back up.
Well there's no better time to invest than during a crash. I don't think it'll stabilize until after it goes back up.
Ks !KansasxqvM replied with this 15 years ago, 4 minutes later, 13 hours after the original post[^] [v] #208,530
@previous (I)
> Well there's no better time to invest than during a crash
Not exactly, gonna wait until they show signs of not crashing for a bit. I'd like to buy as low as possible obviously.
> Well there's no better time to invest than during a crash
Not exactly, gonna wait until they show signs of not crashing for a bit. I'd like to buy as low as possible obviously.
qvii joined in and replied with this 15 years ago, 37 minutes later, 13 hours after the original post[^] [v] #208,548
Ks !KansasxqvM replied with this 15 years ago, 2 minutes later, 13 hours after the original post[^] [v] #208,550
@previous (qvii)
The bubble did not burst naturally, it was popped. No one could have predicted that. :-/
The bubble did not burst naturally, it was popped. No one could have predicted that. :-/
Nexus !jNexusRe/. joined in and replied with this 15 years ago, 2 minutes later, 13 hours after the original post[^] [v] #208,551
That is the problem with a currency backed by a currency that is backed by absolutely nothing. If the US dollar had a gold standard, it would be stronger, thereby increasing the purchasing power of the USD, thereby increasing the purchasing power of the BTC.
Anonymous I replied with this 15 years ago, 2 hours later, 16 hours after the original post[^] [v] #208,668
@previous (Nexus !jNexusRe/.)
The USD is not volatile enough to explain the crash. Maybe it' be a good explanation if the exchange rates of the USD to other currencies were changing two or three fold at the same time frame as all this, but it's not.
The crash is due simply to uncertainty/fear.
The USD is not volatile enough to explain the crash. Maybe it' be a good explanation if the exchange rates of the USD to other currencies were changing two or three fold at the same time frame as all this, but it's not.
The crash is due simply to uncertainty/fear.
Anonymous I double-posted this 15 years ago, 1 minute later, 16 hours after the original post[^] [v] #208,670
@208,550 (Ks !KansasxqvM)
Understandable. But this goes both ways. It can rise as fast as it can fall. Something as simple as a news article could cause explosive changes.
Understandable. But this goes both ways. It can rise as fast as it can fall. Something as simple as a news article could cause explosive changes.
Ks !KansasxqvM replied with this 15 years ago, 1 minute later, 16 hours after the original post[^] [v] #208,671
Kakubunretsu !!7Enb4sycc joined in and replied with this 15 years ago, 2 hours later, 18 hours after the original post[^] [v] #208,781
@208,551 (Nexus !jNexusRe/.)
Hah. If the US was fixed to gold, it'd probably be even more prone to fluctuating relative to the yuan, pound or Euro. It'd be completely fixed to the value of gold, which'd probably crash upon the adoption of the gold standard due to the immediate loss in potential gains from owning it.
If you're going to fix a currency to anything, fix it to something with a value that tends to change with the size of the economy, not an investment like gold.
Hah. If the US was fixed to gold, it'd probably be even more prone to fluctuating relative to the yuan, pound or Euro. It'd be completely fixed to the value of gold, which'd probably crash upon the adoption of the gold standard due to the immediate loss in potential gains from owning it.
If you're going to fix a currency to anything, fix it to something with a value that tends to change with the size of the economy, not an investment like gold.