The Sanctuary

Ego => Spurious Generalities => Topic started by: ngalo1983 on October 28, 2014, 05:56:00 pm

Title: I purchased my first bitcoins today
Post by: ngalo1983 on October 28, 2014, 05:56:00 pm
I spent $190.00 bucks on a green dot money pak to buy bit coins today but I don't think it was worth it. I spent $190 but the money pak cost $5 bucks so I spent $195 but only got back 0.38 bit coins which I looked at what its worth and its says its worth $135.37. That means I'm in the hole of $59.63 that's crazy. Bit coins is over hyped. I won't be doing this anymore.
Title: Re: I purchased my first bitcoins today
Post by: K on October 28, 2014, 06:08:44 pm
You should have bought via LocalBitcoins; zero commission and exchange fees. Or just PM'd me and I would have sold you had an admin vouch for you.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on October 28, 2014, 06:21:14 pm
You should have bought via LocalBitcoins; zero commission and exchange fees. Or just PM'd me and I would have sold you had an admin vouch for you.

I did buy it from localbitcoins from the seller "Coinseller" he had over 100 positive feedbacks with no negative so I did the deal but I don't think I will deal with him anymore. What a rip-off.
Title: Re: I purchased my first bitcoins today
Post by: helladamnleet on October 29, 2014, 02:24:21 pm
Holy fuck, it's dropped 50% since the last time I looked at it. Looks like Bitcoin is failing pretty hard.
Title: Re: I purchased my first bitcoins today
Post by: K on October 29, 2014, 07:33:10 pm
We aren't actually dropping; We're just in a readjusting period where weak hands leave and stronger hands take over at a discounted rate. Right now is the perfect time for late adopters to buy in. I recommended that one of my friends should remortgage their property and diversify themselves into Bitcoins, at least 50% minimum, since it's such a great deal at the moment. We will hit the ATH of 1,250 and hopefully stabilize at $4,000 by 2017.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on October 29, 2014, 07:52:01 pm
So is that what you do K? You buy bit coins and hold on to it hoping the prices go up? I gave it a thought but Idk.
Title: Re: I purchased my first bitcoins today
Post by: K on October 29, 2014, 08:04:51 pm
I am an early adopter (non-Day Trader). I haven't bought Bitcoin in 2+ years; I mostly mined before then. Now I just encourage people to buy/invest into Bitcoin for the long term.
Title: Re: I purchased my first bitcoins today
Post by: RustyShackleford on October 29, 2014, 08:14:15 pm
Everything I saw on local bitcoins is expensive, I don't know if I would say over priced. The bottom line is what you'll pay and what you'll get out. If you used coinbase it would probably have cost the same or more. If you are unhappy you can only blame yourself for not researching the costs of the transaction. If you bought physical gold the same thing would've happened. Don't call it overhyped just because you have buyers remorse it is a legitimate thing (note I didn't say investment). If anything it is underhyped at the moment, not too long ago it was $1000 and rising. Also why didn't you just deposit directly to a seller's bank account.

Also big money can be made in smaller crypto currencies, you might consider putting some of your coin into one of those. Though don't blame me when it loses all its value and your out. Shit happens. You can win some and lose some, there are no guarantees.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on October 29, 2014, 08:25:35 pm
Gold and silver is different. They'll always go up in value but we can't say the same for something like bit coins which is not so popular and truthfully might never. Why would anyone buy in when you lose $50 dollars in value? That's like you paying me $100 bucks and I give you $50 bucks. The main reason why I think this will never make it as big because its a hassle to get bit coins, lots of scammers just to get bit coins, and a lot of big bit coin banks got hacked and everyone lost their bit coin unlike a bank those people get it back but with bit coin you lose them forever with nothing to back it up.
Title: Re: I purchased my first bitcoins today
Post by: RustyShackleford on October 29, 2014, 08:39:20 pm
Gold and silver is different. They'll always go up in value but we can't say the same for something like bit coins which is not so popular and truthfully might never.
Nigga what?
Quote
Why would anyone buy in when you lose $50 dollars in value? That's like you paying me $100 bucks and I give you $50 bucks. The main reason why I think this will never make it as big because its a hassle to get bit coins, lots of scammers just to get bit coins, and a lot of big bit coin banks got hacked and everyone lost their bit coin unlike a bank those people get it back but with bit coin you lose them forever with nothing to back it up.
I agree it is annoying, but that is something you have to factor into the cost of the transaction. It doesn't easily go from cash to crypto and so the services that do provide that charge a premium, again factor that in, all things being equal you could potentially sell it for what you paid and you'd only lose the moneypak fee. That $50 that I gave you is a token with the value $50 associated with it, but you can sell it for $100. On localbitcoins everyone more or less has the same prices, nobody is scamming you it is the cost of business.

As far as coins being stolen. It's no different than someone robbing a bank, a common occurrence. The people who had coins stolen from online services chose to store their money in a bank that is not subject to the same government oversight and regulations. Frankly it's what they asked for and its what they got. The thing about bitcoin is that it demands more personal accountability from the individual. It's foolish to hold more than your willing to lose in an online storage account, even more foolish to leave them in an exchange. Leave them in an offline and encrypted wallet for safe keeping.

You are right that it is a problem that will prevent many from adopting it and the volatility will keep people from using it too. It is mostly just novelty with a ton of speculators. And like everything else involving money, TONS and TONS of sleazy shit is going down.
Title: Re: I purchased my first bitcoins today
Post by: Tokolosh on October 29, 2014, 08:44:10 pm
That $59.63 was the combination costs of seller labour and general novelty

del wid it
Title: Re: I purchased my first bitcoins today
Post by: fanglekai on October 30, 2014, 12:27:15 am
Gold and silver is different. They'll always go up in value but we can't say the same for something like bit coins which is not so popular and truthfully might never.
Nigga what?
Quote
Why would anyone buy in when you lose $50 dollars in value? That's like you paying me $100 bucks and I give you $50 bucks. The main reason why I think this will never make it as big because its a hassle to get bit coins, lots of scammers just to get bit coins, and a lot of big bit coin banks got hacked and everyone lost their bit coin unlike a bank those people get it back but with bit coin you lose them forever with nothing to back it up.
I agree it is annoying, but that is something you have to factor into the cost of the transaction. It doesn't easily go from cash to crypto and so the services that do provide that charge a premium, again factor that in, all things being equal you could potentially sell it for what you paid and you'd only lose the moneypak fee. That $50 that I gave you is a token with the value $50 associated with it, but you can sell it for $100. On localbitcoins everyone more or less has the same prices, nobody is scamming you it is the cost of business.

As far as coins being stolen. It's no different than someone robbing a bank, a common occurrence. The people who had coins stolen from online services chose to store their money in a bank that is not subject to the same government oversight and regulations. Frankly it's what they asked for and its what they got. The thing about bitcoin is that it demands more personal accountability from the individual. It's foolish to hold more than your willing to lose in an online storage account, even more foolish to leave them in an exchange. Leave them in an offline and encrypted wallet for safe keeping.

You are right that it is a problem that will prevent many from adopting it and the volatility will keep people from using it too. It is mostly just novelty with a ton of speculators. And like everything else involving money, TONS and TONS of sleazy shit is going down.

That's why you only store money in banks with FDIC coverage. Also most people mistakenly think that banks are full of money. They aren't. There are security companies like Brinks that actually store money. The banks "own" the money but it's all stored in facilities that security companies own. Banks will "order" money from the security company that holds their money, and a guard will deliver it. People's money isn't actually stored on site at banks. The vaults get replenished as needed so they never hold millions of dollars like some people imagine. As long as you have your money in an insured account type you're safe.
Title: Re: I purchased my first bitcoins today
Post by: RustyShackleford on October 30, 2014, 01:09:16 am
Gold and silver is different. They'll always go up in value but we can't say the same for something like bit coins which is not so popular and truthfully might never.
Nigga what?
Quote
Why would anyone buy in when you lose $50 dollars in value? That's like you paying me $100 bucks and I give you $50 bucks. The main reason why I think this will never make it as big because its a hassle to get bit coins, lots of scammers just to get bit coins, and a lot of big bit coin banks got hacked and everyone lost their bit coin unlike a bank those people get it back but with bit coin you lose them forever with nothing to back it up.
I agree it is annoying, but that is something you have to factor into the cost of the transaction. It doesn't easily go from cash to crypto and so the services that do provide that charge a premium, again factor that in, all things being equal you could potentially sell it for what you paid and you'd only lose the moneypak fee. That $50 that I gave you is a token with the value $50 associated with it, but you can sell it for $100. On localbitcoins everyone more or less has the same prices, nobody is scamming you it is the cost of business.

As far as coins being stolen. It's no different than someone robbing a bank, a common occurrence. The people who had coins stolen from online services chose to store their money in a bank that is not subject to the same government oversight and regulations. Frankly it's what they asked for and its what they got. The thing about bitcoin is that it demands more personal accountability from the individual. It's foolish to hold more than your willing to lose in an online storage account, even more foolish to leave them in an exchange. Leave them in an offline and encrypted wallet for safe keeping.

You are right that it is a problem that will prevent many from adopting it and the volatility will keep people from using it too. It is mostly just novelty with a ton of speculators. And like everything else involving money, TONS and TONS of sleazy shit is going down.

That's why you only store money in banks with FDIC coverage. Also most people mistakenly think that banks are full of money. They aren't. There are security companies like Brinks that actually store money. The banks "own" the money but it's all stored in facilities that security companies own. Banks will "order" money from the security company that holds their money, and a guard will deliver it. People's money isn't actually stored on site at banks. The vaults get replenished as needed so they never hold millions of dollars like some people imagine. As long as you have your money in an insured account type you're safe.

Well that's just my point. Some random online exchange is the exact opposite of using a regular bank - and it was never meant to be the same. I was going to bring up FDIC, but I wasn't sure if that the analogy fit because it insures each person to $100,000. That's not a lot of money, some people probably ended up with alot more than that after the bitcoin boom. More so banks are just held to a higher standard of accountability - you're not going to wake up and hear that all the money from bank of america got stolen and that they've shutdown and that there won't even be a bank run because everything is already gone. If people thought there money was safe on gox, silkroad or even coinbase or anywhere else it was a delusion.

These people bitching about gox 'stealing' thousands of dollars from them learned a costly lesson about the thing that makes crypto unique. They should have bought into ripple coin or some other consumerist bullshit.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on October 30, 2014, 01:22:44 am
You mentioned Ripple Coin....I have no idea what that is and so is the average person...Bit coins would be more popular if I could buy a bit coin card from 7-eleven or Walmart and can load the money on the card which means if I put $20 bucks on the card they could charge a $5 dollar transaction like they do with green dot card then I'll instantly have $20 dollar worth of bit coin on my card. If it was done like that I'm pretty sure bit coins would see a boom but oh no...I got to go on localbitcoins to buy $100 worth of bit coin from a seller who will give me only half of that amount and that's only if he decides to give it to me. He can keep my bit coin and scam me by saying he sent it.
Title: Re: I purchased my first bitcoins today
Post by: fanglekai on October 30, 2014, 01:32:17 am
You mentioned Ripple Coin....I have no idea what that is and so is the average person...Bit coins would be more popular if I could buy a bit coin card from 7-eleven or Walmart and can load the money on the card which means if I put $20 bucks on the card they could charge a $5 dollar transaction like they do with green dot card then I'll instantly have $20 dollar worth of bit coin on my card. If it was done like that I'm pretty sure bit coins would see a boom but oh no...I got to go on localbitcoins to buy $100 worth of bit coin from a seller who will give me only half of that amount and that's only if he decides to give it to me. He can keep my bit coin and scam me by saying he sent it.

The reason it won't ever catch on is because most people are too stupid to do anything more than browse facebook or youtube. Most people would not be able to figure out how to use bitcoins even if they tried. Additionally for most people there's no reason to use bitcoins. Add the lack of security for buying bitcoins and we see why it'll never be mainstream.
Title: Re: I purchased my first bitcoins today
Post by: fanglekai on October 30, 2014, 01:35:52 am
Gold and silver is different. They'll always go up in value but we can't say the same for something like bit coins which is not so popular and truthfully might never.
Nigga what?
Quote
Why would anyone buy in when you lose $50 dollars in value? That's like you paying me $100 bucks and I give you $50 bucks. The main reason why I think this will never make it as big because its a hassle to get bit coins, lots of scammers just to get bit coins, and a lot of big bit coin banks got hacked and everyone lost their bit coin unlike a bank those people get it back but with bit coin you lose them forever with nothing to back it up.
I agree it is annoying, but that is something you have to factor into the cost of the transaction. It doesn't easily go from cash to crypto and so the services that do provide that charge a premium, again factor that in, all things being equal you could potentially sell it for what you paid and you'd only lose the moneypak fee. That $50 that I gave you is a token with the value $50 associated with it, but you can sell it for $100. On localbitcoins everyone more or less has the same prices, nobody is scamming you it is the cost of business.

As far as coins being stolen. It's no different than someone robbing a bank, a common occurrence. The people who had coins stolen from online services chose to store their money in a bank that is not subject to the same government oversight and regulations. Frankly it's what they asked for and its what they got. The thing about bitcoin is that it demands more personal accountability from the individual. It's foolish to hold more than your willing to lose in an online storage account, even more foolish to leave them in an exchange. Leave them in an offline and encrypted wallet for safe keeping.

You are right that it is a problem that will prevent many from adopting it and the volatility will keep people from using it too. It is mostly just novelty with a ton of speculators. And like everything else involving money, TONS and TONS of sleazy shit is going down.

That's why you only store money in banks with FDIC coverage. Also most people mistakenly think that banks are full of money. They aren't. There are security companies like Brinks that actually store money. The banks "own" the money but it's all stored in facilities that security companies own. Banks will "order" money from the security company that holds their money, and a guard will deliver it. People's money isn't actually stored on site at banks. The vaults get replenished as needed so they never hold millions of dollars like some people imagine. As long as you have your money in an insured account type you're safe.

Well that's just my point. Some random online exchange is the exact opposite of using a regular bank - and it was never meant to be the same. I was going to bring up FDIC, but I wasn't sure if that the analogy fit because it insures each person to $100,000. That's not a lot of money, some people probably ended up with alot more than that after the bitcoin boom. More so banks are just held to a higher standard of accountability - you're not going to wake up and hear that all the money from bank of america got stolen and that they've shutdown and that there won't even be a bank run because everything is already gone. If people thought there money was safe on gox, silkroad or even coinbase or anywhere else it was a delusion.

These people bitching about gox 'stealing' thousands of dollars from them learned a costly lesson about the thing that makes crypto unique. They should have bought into ripple coin or some other consumerist bullshit.

FDIC is $250,000 per person per account type per bank.
https://www.fdic.gov/deposit/deposits/

If you need more than $250k in insurance you open up accounts at other FDIC banks.

Title: Re: I purchased my first bitcoins today
Post by: aldra on October 30, 2014, 01:36:23 am
this thread is a classic example of why you need to do your research before you buy into cryptocurrencies... or anything you intend to trade, really.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on October 30, 2014, 01:45:23 am
this thread is a classic example of why you need to do your research before you buy into cryptocurrencies... or anything you intend to trade, really.

The prices are practically the same on all websites. Some are a little cheaper but they don't have a trust worthy history so most people, like myself will go with the seller with a lot of good history to prevent from getting scammed. I just bought the bitcoins to see what the hype is about I'm not trying to mine or anything. Just wanted to see I guess now I'll sell it & get the fuck away from bit coins lol
Title: Re: I purchased my first bitcoins today
Post by: Σ on October 30, 2014, 01:48:01 am
Even if it isnt mainstream it can still be lucrative or useful. Imagine if you made a large sum of money through less than legal means. Sometimes it would be better to have a secret stash of bitcoins on an encrypted offline wallet rather than cash sitting in the bank you cant explain to the irs/gubment or at your house where it could possibly be stolen? Im not saying everyone should go bitcoin for everything forever. But there is a niche market for the service as it provides a way to store funds away from prying eyes.

Also you are an idiot for not doing your research. And by not doing your research you have proven yourself to be an ignorant nigger so you deserve being in the hole $58
Title: Re: I purchased my first bitcoins today
Post by: aldra on October 30, 2014, 01:50:52 am
yeah, not so much that as you can calculate the exchange rate and costs before going into it. usually, if you intend on 'investing' as opposed to just buying stuff with BTC you're best off buying in volume, as you'll generally be able to get better rates that way. you could potentially mine btc, but it's really not viable for small-time miners anymore... you might have more luck mining another popular cryptocurrency and exchanging it for BTC.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on October 30, 2014, 02:46:23 am

Also you are an idiot for not doing your research. And by not doing your research you have proven yourself to be an ignorant nigger so you deserve being in the hole $58

Are you stupid? Can you read? The rate is almost the same on every site. Youll find cheaper sellers but they don't have a good or long enough history so the normal thing to do is choose another seller so you don't get scammed. If you choose that option then you'll basically get the same amount as me. Nothing hard to figure out Einstein lol
Title: Re: I purchased my first bitcoins today
Post by: stdio.h on October 30, 2014, 03:55:52 am
Holy fuck you are stupid, kill yourself.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on October 30, 2014, 07:19:43 am
Holy fuck you are stupid, kill yourself.

Trolling....
Title: Re: I purchased my first bitcoins today
Post by: stdio.h on October 30, 2014, 09:47:16 am
Holy fuck you are stupid, kill yourself.

Trolling....

No, not at all. You are too stupid to function.
Title: Re: I purchased my first bitcoins today
Post by: bling bling on October 30, 2014, 12:09:19 pm
i say u shuld invest in pnd

I TOLD U ALL ABOUT IT WHEN IT WAS LIEK 30 LITEOSHI LMAO U R ALL NOOBS FOR NOT LISTENING TO BLING IT IS NOW OVER 1K LITEOSHI

HAHAHA

I AM RICH
Title: Re: I purchased my first bitcoins today
Post by: bling bling on October 30, 2014, 12:09:39 pm
Holy fuck you are stupid, kill yourself.

this
Title: Re: I purchased my first bitcoins today
Post by: Σ on October 30, 2014, 08:01:49 pm

Also you are an idiot for not doing your research. And by not doing your research you have proven yourself to be an ignorant nigger so you deserve being in the hole $58

Are you stupid? Can you read? The rate is almost the same on every site. Youll find cheaper sellers but they don't have a good or long enough history so the normal thing to do is choose another seller so you don't get scammed. If you choose that option then you'll basically get the same amount as me. Nothing hard to figure out Einstein lol

Yes I can read. I can also do calculations which obviously you cant because if you did the calculations before hand you would have realized you will lose money in this investment. Ergo ignorant nigger.
Title: Re: I purchased my first bitcoins today
Post by: bling bling on October 30, 2014, 08:02:44 pm
ye
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on October 30, 2014, 08:12:02 pm
Holy fuck you are stupid, kill yourself.

Trolling....

No, not at all. You are too stupid to function.

Your replies are one sentence long with nothing useful about bitcoins. You just say nigger and stupid then disappear. That's trolling at its finest. You probably don't even know what bit coins is lol
Title: Re: I purchased my first bitcoins today
Post by: bling bling on October 30, 2014, 08:13:19 pm
crypto stakcs so high i build a castle and a ciggie
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on October 30, 2014, 08:22:08 pm

Also you are an idiot for not doing your research. And by not doing your research you have proven yourself to be an ignorant nigger so you deserve being in the hole $58

Are you stupid? Can you read? The rate is almost the same on every site. Youll find cheaper sellers but they don't have a good or long enough history so the normal thing to do is choose another seller so you don't get scammed. If you choose that option then you'll basically get the same amount as me. Nothing hard to figure out Einstein lol

Yes I can read. I can also do calculations which obviously you cant because if you did the calculations before hand you would have realized you will lose money in this investment. Ergo ignorant nigger.

Do you know how to read? Its my first time buying bit coins so suffering the loss isn't my complain. My complain is why do people like you who are familiar with bit coins and understand you will take a loss when you buy it continue to buy it since you know its a big loss in money? I understand that you want to hold on to it because you hope it will go big which mean your bit coins will be worth more money but isn't it safe to say it won't? If they did a bit coin gift card at 7-Eleven and wal-mart where you can reload your bit coin right then and there then bit coin will "blow up". That would be a good business model maybe someone should tell them but until then y'all just gonna continue to lose money.
Title: Re: I purchased my first bitcoins today
Post by: Umbrella Corp on October 30, 2014, 08:23:51 pm

Also you are an idiot for not doing your research. And by not doing your research you have proven yourself to be an ignorant nigger so you deserve being in the hole $58

Are you stupid? Can you read? The rate is almost the same on every site. Youll find cheaper sellers but they don't have a good or long enough history so the normal thing to do is choose another seller so you don't get scammed. If you choose that option then you'll basically get the same amount as me. Nothing hard to figure out Einstein lol

Yes I can read. I can also do calculations which obviously you cant because if you did the calculations before hand you would have realized you will lose money in this investment. Ergo ignorant nigger.
If they did a bit coin gift card at 7-Eleven and wal-mart where you can reload your bit coin right then and there then bit coin will "blow up". That would be a good business model maybe someone should tell them but until then y'all just gonna continue to loss money.
That's actually not a bad idea.
Title: Re: I purchased my first bitcoins today
Post by: Σ on October 30, 2014, 08:48:02 pm

Also you are an idiot for not doing your research. And by not doing your research you have proven yourself to be an ignorant nigger so you deserve being in the hole $58

Are you stupid? Can you read? The rate is almost the same on every site. Youll find cheaper sellers but they don't have a good or long enough history so the normal thing to do is choose another seller so you don't get scammed. If you choose that option then you'll basically get the same amount as me. Nothing hard to figure out Einstein lol

Yes I can read. I can also do calculations which obviously you cant because if you did the calculations before hand you would have realized you will lose money in this investment. Ergo ignorant nigger.

Do you know how to read? Its my first time buying bit coins so suffering the loss isn't my complain. My complain is why do people like you who are familiar with bit coins and understand you will take a loss when you buy it continue to buy it since you know its a big loss in money? I understand that you want to hold on to it because you hope it will go big which mean your bit coins will be worth more money but isn't it safe to say it won't? If they did a bit coin gift card at 7-Eleven and wal-mart where you can reload your bit coin right then and there then bit coin will "blow up". That would be a good business model maybe someone should tell them but until then y'all just gonna continue to lose money.

Stop asking if I can read as I already answered that question. Can you read?

Brah you dont understand what I am trying to say. You got into bitcoin without researching it. You thought "Oh my everyone is talking about bitcoin! I better get in on this!" and went out and traded your currency for a partial bitcoin thinking that you would have $190 in bitcoin. What you failed to do was check the conversion rates and what the rate would be to buy from whoever you are buying from and then calculating the dollar amount. This is not hard to do. I do not use bitcoin for this same reason. While it may have been a good idea when it began out to mine or buy some bitcoins wait for their value to go way up and cash out the major use for bitcoins now is so that criminals can easily hide their funds because even if they take a small loss on the conversion and purchase of the bitcoins the money wont be taken away or frozen by the IRS.

TL/DR Bitcoin is as I said in a previous post a niche market. It is not for the average consumer. Also do your research/calcs
Title: Re: I purchased my first bitcoins today
Post by: stdio.h on November 03, 2014, 10:11:05 pm
Your replies are one sentence long with nothing useful about bitcoins. You just say nigger and stupid then disappear. That's trolling at its finest. You probably don't even know what bit coins is lol

Silence, fool. I've been in the business since 09 when 1BTC was worth only slightly more than a rimjob from your mother. I make a living online while you're still out on the street committing garden variety nigger crimes. Pay attention to my words kid, you might learn something.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on November 03, 2014, 10:58:29 pm
Your replies are one sentence long with nothing useful about bitcoins. You just say nigger and stupid then disappear. That's trolling at its finest. You probably don't even know what bit coins is lol

Silence, fool. I've been in the business since 09 when 1BTC was worth only slightly more than a rimjob from your mother. I make a living online while you're still out on the street committing garden variety nigger crimes. Pay attention to my words kid, you might learn something.

Your officially the troll king. God bless you.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on November 03, 2014, 11:44:26 pm
Last week when i posted this thread i said i paid $190 and got 0.38 bitcoins which equals $135.37. Today, a week later and my 0.38 bit coin is worth $124.51 LMAO Only one week later and already it went down eleven dollars and a couple of cents LOL I will update every week to see my $190 bucks go to the trash lol I purchased bitcoin as an experiment I have no need for it. I don't want to buy anything with it. I don't want to mine neither. I won't sell it neither. I want to see my bit coins turn into shit where all I have left is 1 dollar. Will update next week I'm hoping it drops by $50 dollars lol
Title: Re: I purchased my first bitcoins today
Post by: fanglekai on November 04, 2014, 12:12:09 am
Last week when i posted this thread i said i paid $190 and got 0.38 bitcoins which equals $135.37. Today, a week later and my 0.38 bit coin is worth $124.51 LMAO Only one week later and already it went down eleven dollars and a couple of cents LOL I will update every week to see my $190 bucks go to the trash lol I purchased bitcoin as an experiment I have no need for it. I don't want to buy anything with it. I don't want to mine neither. I won't sell it neither. I want to see my bit coins turn into shit where all I have left is 1 dollar. Will update next week I'm hoping it drops by $50 dollars lol

Should have bought a cool knife or something instead. You can get some really nice ones for $190.

Title: Re: I purchased my first bitcoins today
Post by: WS on November 04, 2014, 03:22:59 am
We aren't actually dropping; We're just in a readjusting period where weak hands leave and stronger hands take over at a discounted rate. Right now is the perfect time for late adopters to buy in. I recommended that one of my friends should remortgage their property and diversify themselves into Bitcoins, at least 50% minimum, since it's such a great deal at the moment. We will hit the ATH of 1,250 and hopefully stabilize at $4,000 by 2017.

this has no basis in reality lol
Title: Re: I purchased my first bitcoins today
Post by: LostStranger on November 04, 2014, 09:57:24 am
I am an early adopter (non-Day Trader). I haven't bought Bitcoin in 2+ years; I mostly mined before then. Now I just encourage people to buy/invest into Bitcoin for the long term.

Interesting, there are a lot of case where the very early adopter get a lot of wealth from that and quit their day job. Is this the case for you or do you only have just a little bit of bitcoin for saving? If you do, why are you stop getting more bitcoin? Maybe you can try to sell some bitcoins and buy an asic miners or something if you you think bitcoin really do prospective.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on November 09, 2014, 06:40:00 pm
My 0.38 bitcoins last week equal  $124.51. This week it is $136 bucks. That's the highest my bit coins has ever got. It seems like its going up. I will update next week to see if it continues to rise which looks like it will.
Title: Re: I purchased my first bitcoins today
Post by: komokazi on November 09, 2014, 08:36:18 pm
Quote
Trolling....

No you're not. You are retarded and that's all there is to it.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on November 09, 2014, 11:02:06 pm
Quote
Trolling....

No you're not. You are retarded and that's all there is to it.

You dropped by just to say, "You are retarded" then disappeared. You are also trolling.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on November 12, 2014, 07:09:01 pm
My 0.38 bitcoins was $136 bucks just 3 days ago and today it is now worth $160.01 Thats a huge jump. Bitcoins seems like a pretty investment. I now wished I would have purchased ALOT MORE LOL
Title: Re: I purchased my first bitcoins today
Post by: fanglekai on November 12, 2014, 07:12:46 pm
You still haven't made a profit.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on November 12, 2014, 07:44:10 pm
You still haven't made a profit.

Not really, if I sell it it would be a lot more. Folks on local bit coins sell for about $40-$50 bucks more. Im just shocked at how fast its going up.
Title: Re: I purchased my first bitcoins today
Post by: fanglekai on November 13, 2014, 12:32:25 am
It'll go back down.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on November 13, 2014, 12:58:12 am
Maybe so but for now the answer is no. Its been 3 hours since my last post and now its up 2 bucks lol $162.00
Title: Re: I purchased my first bitcoins today
Post by: helladamnleet on November 13, 2014, 01:05:51 am
Jesus Christ, I still wish I had bought in when it was under $10 a coin. I'd be a millionaire right now.
Title: Re: I purchased my first bitcoins today
Post by: ngalo1983 on November 13, 2014, 01:13:55 am
Jesus Christ, I still wish I had bought in when it was under $10 a coin. I'd be a millionaire right now.

There was this one guy who purchased in the beginning. He then forgot all about It until 3-4 years later and discovered he now has $145,000 in bitcoins lol Lucky bastard.
Title: Re: I purchased my first bitcoins today
Post by: RustyShackleford on November 15, 2014, 03:28:14 pm
You still haven't made a profit.

Not really, if I sell it it would be a lot more. Folks on local bit coins sell for about $40-$50 bucks more. Im just shocked at how fast its going up.
Compared to historically its pretty damn stable. And you need to change your attitude towards it, its volatile as fuck and a few weeks ago you were acting like people conned you out of a whole $100. If you think its going to go up and you have money to blow buy more. Hindsight is 20/20. A lot of people profit by day trading the ups and downs, but most people can't day trade successfully.

Also just sayings metals are on the cheap now. And metals mostly derive value the same way. Yes even though metal has industrial uses most of it just sits in vaults and isn't used. The real difference is that bitcoin is arbitrary (it could be any coin) gold and silver are the only gold and silver and people aren't going to go adopt a new gold. There are also other industrial metals like platinum and palladium, but those are purely industrial and have never been regarded as currency.
Title: Re: I purchased my first bitcoins today
Post by: RustyShackleford on November 15, 2014, 03:34:36 pm
Jesus Christ, I still wish I had bought in when it was under $10 a coin. I'd be a millionaire right now.

There was this one guy who purchased in the beginning. He then forgot all about It until 3-4 years later and discovered he now has $145,000 in bitcoins lol Lucky bastard.
One of my buddies apparently bought some when you could buy it online with a credit card. Then forgot about it and formatted his hard drive. Idk how much he had or might have had. I told him to try and recover, but it had been awhile and he considered it a lost cause. I really wish I'd taken an interest in it when I first heard of it. Anyways its not going anywhere I bet it goes back to $1000.