How are my bitcoin holders doing?

kizzmybutt
kizzmybutt

how are my bitcoin holders doing?

TreeEater
TreeEater

I'm pretty happy

Emberburn
Emberburn

@kizzmybutt
comfy as always

StrangeWizard
StrangeWizard

@Emberburn
@TreeEater
good to hear

cum2soon
cum2soon

@kizzmybutt
Fed up with waiting for the moon desu

Miss the good old days of massive spikes.

PackManBrainlure
PackManBrainlure

We are God's chosen ones.

DeathDog
DeathDog

@PackManBrainlure
we are

w8t4u
w8t4u

@kizzmybutt
Still waiting. I had bought a bunch back when they were around $1 a coin. I had planned on making a MUD where they would be the basis for the internal currency, but never really got around to it.

I cashed out half of what I had back where they were around $800 a coin (it took me that long to find the old wallet file), and I decided to hold onto the rest for the long term to see what happens.

iluvmen
iluvmen

@w8t4u
cool. Love hearing about early adopters.

kizzmybutt
kizzmybutt

@cum2soon
btc will moon in September

FastChef
FastChef

@kizzmybutt
how do you know

CouchChiller
CouchChiller

@kizzmybutt
Not amazing.

I sold 120btc (half of my btc) at $660, expecting it to drop more.

It didn't drop, and now I'm wanting back in, but dont want to eat my losses.

King_Martha
King_Martha

@FastChef
Anyone telling you how btc will move is straight up lying.

No, I'm not a salty nocoiner

likme
likme

@CouchChiller
you got to hold nigga

kizzmybutt
kizzmybutt

Selling VPSs on OpenBazzaar for cheap. Holding on to about 170 dollars total

JunkTop
JunkTop

@King_Martha
This. I'm a coinfag. BTC is very hard to predict, except that it tends to go up on the years scale.

New_Cliche
New_Cliche

truth be told, i will sell 80% of my coins when it hits $800 and buy dips after

Sir_Gallonhead
Sir_Gallonhead

@CouchChiller
you still have a chance to get back.. it dropped to around $530 twice in the last 2 months.. plenty of opportunities to re-purchase

Ignoramus
Ignoramus

@New_Cliche
thats a good plan

I want to see 1000 before I sell and of course rebuy when it inevitable crashes

viagrandad
viagrandad

@kizzmybutt
@King_Martha
@JunkTop
that's not a good thing tho.

for a currency to be used as currency was meant to must be stable. a strongly deflationary currency will never be spent as people will forever hope in higher value.

Deadlyinx
Deadlyinx

@viagrandad
It is not primarily used as a currency, it is primarily an asset. But you can also pay for drugs with it. It's gold, but more versatile. Actual payments are usually hedged in USD, people are accustomed to the volatility. Not saying it's a good currency, it's kind of a shit way to go about sending payments, but ultimately, those who have been paid with it have benefited from holding, and the people who pay with it buy it immediately before sending as payment. It's actually quite awesome.

Carnalpleasure
Carnalpleasure

@viagrandad

Yes but it would also encourage switching from fiat to btc. Then if people held their savings as btc, they could only spend btc

Burnblaze
Burnblaze

@Deadlyinx
it is primarily an asset
if you don't see how that is utterly wrong for btc i can't help you.

Raving_Cute
Raving_Cute

Doing well thanks and yourself?

TurtleCat
TurtleCat

@Raving_Cute
good post cats

whereismyname
whereismyname

Is it worth it trying to mine nowadays?

Who mines? Anyone? The ultra wealthy in Asia with massive investments?

How big? They're not like US banks are they? Trillions? Or are we talking millions?

What stops someone with money coming in and dominating?
MGT

TurtleCat
TurtleCat

Sold it all in November 2013 when it fell to 800. Thinking about getting back in. Is it worth it lads?

AwesomeTucker
AwesomeTucker

@viagrandad
a strong deflationary currency will never be spent

The unique thing about cryptocurrencies though is that they mitigate that old problem, at least in theory.

If the currency appreciates in value, there's none of the traditional obstacles to fungibility ("I don't want to break a hundred/melt down this bar"). If you find that your money goes further, it is effortless to chip off some satoshis for toilet paper or ramen or whatever.

True, the problem of buying durable goods still persists. You'd still want to delay washing machine, car purchases, etcetera. But the consumer can only delay these up to a point. People eventually do need mattresses, houses, cars, &c.

King_Martha
King_Martha

traded it all in for about 5000 trumpcoins. I want a huge payout, not small increments.

haveahappyday
haveahappyday

@CouchChiller
Why would you sell one year before or after a halving?

You didn't deserve 240 bitcoins and I'm happy you've lost half of them as the bitcoin price continues to rise

King_Martha
King_Martha

@kizzmybutt
Still poor and kissless.

Evil_kitten
Evil_kitten

@TurtleCat
Will exchanges let you cash out more than 3k/day ? unless you can spend in BTC why bother?

SniperWish
SniperWish

had to cash out 2BTC to pay rent

I made $500 of it but just kill me now

King_Martha
King_Martha

@kizzmybutt
It was supposed to be this summer. Actually two summers or so ago.

@whereismyname
Is it worth it trying to mine nowadays?
No
Who mines? Anyone? The ultra wealthy in Asia with massive investments?
risk taking chinamens
How big? They're not like US banks are they? Trillions? Or are we talking millions?
millions
What stops someone with money coming in and dominating?
it requires access to cheap electricity and cheap manufacturing, it's also highly speculative and risky.

Bidwell
Bidwell

@King_Martha
this guy knows whats up

viagrandad
viagrandad

@King_Martha
It was supposed to be this summer. Actually two summers or so ago.
no

@FastChef
you'll see

@King_Martha
it will move up, just a matter of time. Stay salty

@viagrandad
fuck off no coiner

TreeEater
TreeEater

Total noob here with a question:
Assuming that I don't get hacked/robbed, what's the worst thing that could happen if I purchased a bitcoin today?
Say I buy for 610€ and wait until it goes up to 630€. Subtracting fees, isn't that an easy (yes, measly) profit?

Am I too naive? What am I overlooking?

Burnblaze
Burnblaze

@TreeEater

its what you're thinking. its the predicting when to buy and sell thats the tricky part.

FastChef
FastChef

ardor is coming

Stupidasole
Stupidasole

@kizzmybutt
2016
investing in crypto currency

Illusionz
Illusionz

@King_Martha
Exactly.

idontknow
idontknow

OC

Ignoramus
Ignoramus

@viagrandad
t. eternal clueless retard shitting up threads left and right

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