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Poll: How many Bitcoin do you own?

news.ycombinator.com

101–110 of 166 posts

Re: Poll: How many Bitcoin do you own?

#102

You need one more category "0 - carries a stigma (used by drug dealers, pornographers, etc.)"

Really?! $300 billion worth of drugs is moved each year using "traditional currency". Oh and also, silk road was shut down, and the price doubled. Judge the tech on its features and potential, not who uses it.

Re: Poll: How many Bitcoin do you own?

#103
post #75

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…

Or if there was a system that gave all users 1 free cryptocurrency unit every day. Effectively basic income within a cryptocurrency system. But then you get inflation.

Re: Poll: How many Bitcoin do you own?

#104

I bought $1k worth at $36/coin. I sold it when it dropped to $6. I'll have to go long on the next cryptocurrency.

Why even bother selling when it dropped to 6? Were you really that hard up for a few dollars?

Buy high, sell low. Right?

Re: Poll: How many Bitcoin do you own?

#107

You need one more category "0 - carries a stigma (used by drug dealers, pornographers, etc.)"

Nowadays, that'd be a pretty decent characterization of many physical currencies as well.

Case in point: Most US $100 bills circulate in the black market. Most paper currency circulating in the USA has traces of cocaine on it.

Re: Poll: How many Bitcoin do you own?

#109
post #49

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.

Blockchain.info is a good start. Also go to bitcoin.org and learn about how much you should trust 3rd parties vs. your local wallet. I'm just starting too, hope this helps a bit! Ps. Don't bother mining, it's a lost cause for most.

Re: Poll: How many Bitcoin do you own?

#110
post #75

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…

Yup. The magic word here is "liquidity trap".

Interesting read. Related, with babies: http://www.pkarchive.org/theory/baby.html

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