Poll: How many Bitcoin do you own? • Hacker News Board

Re: Poll: How many Bitcoin do you own?

#41

Post by sounds » Thu, Nov 07, 2013, 3:52 AM UTC

2muchcoffeeman wrote: post #39

anigbrowl wrote: post #4

0. I had one at some point a few years aback but I deleted the miner and the wallet along with it.

What happens to the coin in your deleted wallet?

It is considered "lost forever" unless an enterprising hacker comes along and can create a private key which matches the wallet.

You'll know if that happens, though, since the technique will obviously be used on the largest wallets first.

Side note: interestingly, right now, the largest wallet appears to be Dread Pirate Roberts' seized bitcoins held by the FBI.

Re: Poll: How many Bitcoin do you own?

#42

Post by ISL » Thu, Nov 07, 2013, 3:55 AM UTC

sillysaurus2 wrote: post #30

ParadisoShlee wrote: post #21

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.

There's no joke on you at all.

Re: Poll: How many Bitcoin do you own?

#43

Post by ekianjo » Thu, Nov 07, 2013, 3:56 AM UTC

austenallred wrote: post #18

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

bitcoins at the beginning were like worth nothing, and 18 months ago they were only at 3 dollars/BTC as far as I recall.

Re: Poll: How many Bitcoin do you own?

#44

Post by gizmo686 » Thu, Nov 07, 2013, 3:57 AM UTC

hackula1 wrote: post #32

sillysaurus2 wrote: post #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 ide…

If we had a list of all the bitcoin wallet values (even estimated) we could use this http://en.wikipedia.org/wiki/Jenks_natural_breaks_optimizati...

It should be relativly simple to generate such a list. Unfourtuantly, the best I could find (in 5 minutes of googleing) is [1], which shows the ballance of a single account as a function of time.

[1] http://blockchain.info/charts/balance?address=1DkyBEKt5S2GDt...

Re: Poll: How many Bitcoin do you own?

#45

Post by AdmiralBeotch » Thu, Nov 07, 2013, 3:59 AM UTC

All 'yall need to be ashamed of yourselves if you don't own even a US penny's worth of Bitcoin. I'm not even kidding. If you've never witnessed a bitcoin transaction or held a bitcoin on an electronic device this far into the game, just hang your heads in shame.

Re: Poll: How many Bitcoin do you own?

#46

Post by smutticus » Thu, Nov 07, 2013, 3:59 AM UTC

lxmorj wrote: post #33

llimllib wrote: post #19

0 but I don't fit in any of the given 0 categories.

Yup. Not gonna mine or buy, not worth my time as I can't confirm or deny its bubble-ness.

+1

Don't care about Bitcoin and absolutely sure I cannot predict what it will do in the future. It's outside of my focus.

Re: Poll: How many Bitcoin do you own?

#47

Post by felipelalli » Thu, Nov 07, 2013, 4:00 AM UTC

ruswick wrote: post #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. Inc…

It is at least useful as savings. Isn't it a "practical application"? It's being very useful for me to store value in long term.

Re: Poll: How many Bitcoin do you own?

#48

Post by rcthompson » Thu, Nov 07, 2013, 4:00 AM UTC

So, given that article about a guy that bought $17 in BTC in 2009 and found out recently that it was worth 5 figures, should I feel like an idiot for not getting in on this while BTC were cheap a few years ago? My logic at the time was "I don't really know that much about Bitcoin, so buying some would basically be speculating, which seems like a bad idea."

Re: Poll: How many Bitcoin do you own?

#49

Post by yeukhon » Thu, Nov 07, 2013, 4:01 AM UTC

I have an increible hard time to get started with bitcoin. Which website? How? Can someone pull through the right path for me? I want to start investing in mining and buying.

Re: Poll: How many Bitcoin do you own?

#50

Post by elliottcarlson » Thu, Nov 07, 2013, 4:02 AM UTC

austenallred wrote: post #18

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

At one point I owned about 150 bitcoins, but I sold the majority off at the $30-something peak a few years back. I also paid for my bitcoin miner back when bitcoins were $11, and my cost was 58 bitcoins. The miner that I finally received, has made me 5 bitcoins.

Sad times.