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Poll: How many Bitcoin do you own?

news.ycombinator.com

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Re: Poll: How many Bitcoin do you own?

#71

Post by josephagoss »

AdmiralBeotch wrote: post #45

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.

This attitude is counterproductive as it paints our culture in a bad light. We should be on our way without pushing our ideals on others.

Bitcoin can feel like a cult sometimes, something I am ashamed of.

Also telling everyone to buy just a little reeks of pump and dump.

Re: Poll: How many Bitcoin do you own?

#72

Post by bdcravens »

josephagoss wrote: post #71
AdmiralBeotch wrote: post #45

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.

This attitude is counterproductive as it paints our culture in a bad light. We should be on our way without pushing our ideals on others. Bitcoin can feel like a cult sometimes, something I am ashamed of. Also telling everyone to buy just a little reeks of pump and dump.

Spend some time on /r/bitcoin. There's some good discussion, but also some talk on there that would cause you to run away for fear of association. Sometimes I'll go there and want to go somewhere with more intellectualism and open-mindedness, like say a Tea Party forum.

Re: Poll: How many Bitcoin do you own?

#73

Post by anigbrowl »

wowcanteven wrote: post #62
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.

If you didn't shred the hard drive and haven't defragged it or anything, there's a good chance that the private keys are able to be recovered. There are scripts that will scan a drive for fragments that look like bitcoin-qt wallet files and dump the keys.

Interesting. I'm not sure which disk its on and it might well be corrupt but I had various components that I was going to make into a secondary desktop or donation machine so I suppose I should check while I test, it might pay for itself!

Re: Poll: How many Bitcoin do you own?

#74

Post by bdcravens »

bdcravens wrote: post #59
swishercutter wrote: post #36

Earlier quoted context omitted.

Is there a problem with USD withdrawls? It looks like I can transfer to my US bank account right now...and I have never had an issue.

Have you performed a transfer recently? How long did it take? The prevailing experience is that yes, you can transfer, but you may have a 4-6 week wait.

Back in the day, yeah, it was a few days. Typical wire times.

It's a much different story these days. You can transfer $100K out of a brokerage faster than you can get $100 out of Mt. Gox.

Re: Poll: How many Bitcoin do you own?

#75

Post by chm »

I bought 50$ of bitcoins a year ago. I have sold them this week for 100$. I'll buy back when it's low.

At first I thought a deflationary currency was the future. The more I think about it, the more I think bitcoin is just the first step on a bumpy road. I don't see the point anymore in buying bitcoins to then buy goods/services. What always ends up happening is that someone somewhere hogs them and waits for the price to go up. I'm then stuck to buy at a premium, every time, unless I had a stash of coins to begin with, something which most potential adopters don't have. I'm also not convinced that the early adopters should get a bonus from having mined so many coins when it was easy. I don't have a silver bullet, but I think this problem could be fixed by a new cryptocurrency. Either dampen the bonus to early adopters or remove it entirely. This should be a goal of crypto-anarchists, I think...

Or maybe I'm wrong and we'll be seeing a lot of trade going on with different denominations of one BTC in the near future. Maybe people don't care to give a premium to early adopters.

Re: Poll: How many Bitcoin do you own?

#77

Post by seanalltogether »

0 now. I made some money from buying low selling high from the first bubble. I sold out all of them when the price was at $144 a couple weeks ago under the belief that mtgox was becoming too unstable. I still haven't received any money from them after cashing out so I'm not feeling to bad about losing out on the current bubble. The market is just too sketchy to stay in any longer, I have no faith in the exchanges.

Re: Poll: How many Bitcoin do you own?

#79

Post by mcantelon »

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.

I was going to buy $300 worth when they were 30 cents each. I didn't, though, as it involved travel to a nearby town and I was working on a book and thought I should be practical and spend the weekend on that. Ah well, one less house.

Re: Poll: How many Bitcoin do you own?

#80

Post by Bsharp »

sliverstorm wrote: post #51
rcthompson wrote: post #48

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."

If you didn't bet on a roulette table and it came up black, would you say "God damnit I feel like an idiot, I should have bet on black"?

I think you mean: If you didn't bet on the roulette ball balancing on the divider between numbers, would you say "God damnit I feel like an idiot, I should have bet on that!"

The odds of a cryptocurrency catching on the way Bitcoin has are very low. Buying BTCs (or other cryptocurrencies) back in the day would be like investing in penny stocks.

EDIT: For the record I agree with you - there's no point in looking back and saying "I should have done that!"

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