Post: #1

I thought about buying 500 bitcoins when they were at 48$. Would have made over 500k in 9 months or something like that....At this point, if I would have pulled the trigger, I would move 250k into cash and silver and see how far up the rest went. I can't believe I didn't buy bitcoins when I had the chance. I've known about this currency forever and just never bought any.

Post: #2

Same here!
My friend actually bought some when they were really cheap but dropped them at around $100.

Post: #3

the upside is that there are 'missed' opportunities all the time and now you have a bit more risk motivation.

Post: #4

I'm deciding whether to jump in or not.

Still seems like a wooden nickel deal, but if I'm wrong...

Post: #5

Gambling, pure gambling. The whole idea behind bitcoin was to be a decentralized currency. And not to become some joke like Zimbabwaen dollars.

Post: #6

Well, Bitcoin has been quite different than Zimbabwaen currency so far. Remember, Zimbabwaen currency lost value, while, Bitcoin's value has skyrocketed-mainly due to the Chinese government legitimizing the currency by allowing their businesses to accept payment in Bitcoins. That was a major deal. Because China is allowing Bitcoin to operate its making it really difficult for the USG to crack down on Bitcoin considering China has a lot of clout in the US due to their large share of the debt..

Post: #7

(12-03-2013 08:23 AM)KorbenDallas Wrote:  Well, Bitcoin has been quite different than Zimbabwaen currency so far. Remember, Zimbabwaen currency lost value, while, Bitcoin's value has skyrocketed-mainly due to the Chinese government legitimizing the currency by allowing their businesses to accept payment in Bitcoins. That was a major deal. Because China is allowing Bitcoin to operate its making it really difficult for the USG to crack down on Bitcoin considering China has a lot of clout in the US due to their large share of the debt..

Also hard not to forget the amount of theft going on. Bitcoin is a wild west at the moment.

http://slashdot.org/story/13/12/01/19482...e-millions

http://slashdot.org/story/13/11/12/15532...ns-with-it

And Bitcoin's value surged because of the free money being thrown around because of QE. It's going to tank just like every other asset once the taper begins. The less free money being thrown around the better. We can start to see Bitcoin's value stabilize and become a serious currency.

Post: #8

I remember when Apple was 18 bucks.

I remember when Facebook's ipo flopped.

Years from now you'll remember when Twitter was cheap.

WIA

Post: #9

(12-03-2013 06:51 AM)wiscanada Wrote:  the upside is that there are 'missed' opportunities all the time and now you have a bit more risk motivation.

Yeah, don't beat yourself up about it.

There are "opportunities" every day.