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Poll: How many Bitcoin do you own?

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21–30 of 166 posts

Re: Poll: How many Bitcoin do you own?

#22

Mine are all stuck in MtGox's clutch, I've just about tripled my current investment. I hope it doesn't crash before they give it up.

I'd transfer them over to another exchange and sell them, if I were you. The USD price on Mt. Gox can be considered fake because nobody can get their money out.

Re: Poll: How many Bitcoin do you own?

#23

13 people with 100+ bitcoin? Unfortunately I think this is another example of HN polls becoming completely unreliable.

Why do you think 13 with 100+ is wrong? They weren't worth much a few months ago, and this is a website for hackers. I wouldn't be surprised if 10 of those 13 have thousands of coins.

Re: Poll: How many Bitcoin do you own?

#24
I own half of a Bitcoin. I purchased about two weeks ago. In the intervening time, the value of Bitcoin has gone up 40%. I can't complain, and I'll probably buy more in the near future. It is somewhat disappointing that they can't be used for anything, though. Without practical applications, Bitcoin is subject to massive volatility and doesn't have any sort of foundation to prevent against collapse of the market.

Incidentally, I also developed a Bitcoin Twitter ticker. If anyone would like to keep up with hourly prices via Twitter, I suggest that you check it out.

http://twitter.com/bitcoin_ticker

Re: Poll: How many Bitcoin do you own?

#26

13 people with 100+ bitcoin? Unfortunately I think this is another example of HN polls becoming completely unreliable.

Not necessarily, there's plenty of people on HN who could have gotten in early when mining reaped greater rewards and/or the cost of BTC was very low.

Unfortunately I can't count myself in that bracket.

Re: Poll: How many Bitcoin do you own?

#27
The last time someone did this, they mistakenly used "0-5 BTC" as the lowest cutoff. You've made the same mistake. There should be "0-0.25", "0.25-0.5", "0.5-0.75", "0.75-1", "1-2", "2-3", "3-4", and "4-5". Extra poll options are better because now we've lost valuable information at the low end. In 20 minutes, 65 people say they own 0-5 BTC. That's anywhere from $0 to $1385. That's a massive range. We now have no idea how many "casual" bitcoiners there are, because casuals will only have like $200 max.

EDIT: Here's what your poll looks like as of t=35min:

▆▁▁▁▁▁▁▁▁▁▁▂

Leftmost bar is 0-5BTC. Rightmost bar is 100+BTC. Oh look, now we know basically nothing about the two most interesting ranges.

EDIT2: As of t=44min: http://www.wolframalpha.com/input/?i=bar+chart+154+21+26+15+... ... Pretty hilarious.

Re: Poll: How many Bitcoin do you own?

#29
post #20

13 people with 100+ bitcoin? Unfortunately I think this is another example of HN polls becoming completely unreliable.

If my understanding is correct, that's about $30,000 worth.

I bought about 350 coins with a week's paycheck not very long ago. They didn't use to be so expensive.

Re: Poll: How many Bitcoin do you own?

#30

I threw away 30 coins during the first year of mining when you could get a coin a day on a half decent box... It's always made me annoyed at myself because I could buy a lot of pizza with those coins.

Aw... Man. $8310.

I sold 5 coins at the first peak of $31/BTC. Thought I was pretty damn sly for getting out ahead of the following crash ($8/BTC). Joke's on me! I've now lost out on $1230 and counting.

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