For those asking for bitcoin millionaire stories...
Posted Aug 14, 2017, 8:50 PM UTC
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Yeah, on both occasions where I have had to sell BTC the price IMMEDIATELY shoots through the roof. I'm thinking about starting a charity where I buy Bitcoin and then sell it so everyone else makes a huge profit.
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Such a kind soul. Can I sign up for your charity? 😊
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Without people like you, others wouldn't profit. So thank you for your work sir
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stay thirsty my friend!
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Tell me avout it. Bought a ps4 on newegg with btc years ago
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Sweet.
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I bought a $400 laptop some time in 2013. Seemed like a good idea at the time but in hindsight it was a terrible idea. I couldn't afford to replace that BTC before the price went up and I actually lost interest and kind of forgot about Bitcoin for a while. I just bought back in at $2500 and if I had kept that $400, it would be worth over $1000. (also, after checking my transaction history, I once bought a $25 gift card that would be worth over $200 now. Ouch)
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Forgot ablut btc for a while too... until one day I checked my wallet and there were several hundred dollars in it haha. Lucky chain of events... deposited some of that btc into an online sportsbook and - through a sequence of basketball clairvoyance that will never be repeated in my lifetime - turned that $100 into $3,000... then back into btc and onto my wallet.
Unfortunately I didn't cash out when we were past the big dip. But got in ar $2,700 or so.
Anyways, was a nice windfall bit I could have also just held and not bought that damn ps4. Ugh.
Did you also buy that $400 lappy with a btc discount?
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Wow! Congrats on the win. I used Gyft to trade my BTC for a Best Buy gift card, so no discount. If I had saved up my money and bought the laptop a bit later, I could have HODL'd and bought more along the way and if I had money in it, I probably wouldn't have lost interest and forgot about it. There is no telling how much I would have now. Oh well. I'm not making that mistake again. I'm HODLing forever now. If I ever need to sell any, I'll only sell a portion and I'll make sure I can buy back in afterwards.
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I bought a battlefield game.
When I look at the blockchain.info transaction I'm sad because I paid $2k for a game I ended up playing less than 10 hours :/ (didn't like that particular release).
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HODL!
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Fucking normie memes
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[removed]
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Yup I took out 400 around 3400 would of been what like 600 lol
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me_irl. I sold a portion at $4200 yesterday morning. I mean...I made great profit since I start buying pretty recently but there goes Bitcoin...still going up! Fortunately I didn't sell all.
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Indeed. I bought a boatload (several hundreds) of BTC when it first started getting minimal mainstream attention when whispers about the 'dark web' were still not yet getting lame tv shows made about them, so, idk, around 4-5 years ago? Anyway it was super cheap, somewhere around 19 a coin. I sold off a third of them when BTC hit around 2k USD and have held the rest since, I've made more profit on the other remaining 2/3rds of holdings in the past six weeks than any other time.
I'm beginning to get a bit nervous because despite my early adoption, to be honest, I know very little about this stuff compared to many of you on here, I don't actively follow updates on it, and I feel stupid admitting this but I had forgotten about a shitload of coins I had sitting in a wallet for over a year and a half that I recovered thanks to a backup reminder of the information written down on a piece of paper. The stuff recovered was worth so much now I feel nauseous thinking about the possibilities that I might've completely forgotten about it altogether forever.
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So you’re a millionaire now? Good for you.
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...trolling people on 100+ day old meme threads now? Good for you.
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I’m not trolling. I was genuinely wishing you well.
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Always keep a paper backup!
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Just keep it secure and if I were you, for the short term at least, keep an eye on Bitcoin Cash. I say that only because there could be a chance of it eventually taking the place of Bitcoin which means the price of BTC will plummet. There's really no proof of this but it would be unfortunate if you just left your coins and completely ignored them and a few years from now SOMEHOW BCH took over. I think it's unlikely; just worth keeping monthly tabs on or something. Otherwise, well done. Very wise investment years ago. I just got into crypto a few months ago when Ethereum took off.
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Sounds like a close call.
If you need someone to watch after some of that BTC for you and keep it very safe, let me know. ;)
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It's at $4000 right now, so you can buy back in...
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I just got to me computer and noticed it's fairly down. I'll likely just resume buying in small inexpensive portions over a period of time to play it safe.
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I have panicked at every ATH since 3k!
I rush to log into the exchange to sell as it pulls away from the ATH, but then I stop myself and end up buying more!
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Can confirm. Sold my measly 400 USD worth a few days before the split to help with bills. Instant regrets. But my coinbase account is empty, so I've got that going for me, which is nice.
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I know I'm repeating things, but this is still the early adopter stage. Just go and buy more when you can and you will instantly feel great. HODL.
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Is it still the early adopter stage now, 3months later?
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I bought a PS4 for one whole bitcoin when it was 400 bucks. That's an expensive PS4 now...
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I interviewed Tyler Evans @Tylev the CTO of Bitcoin Magazine and BTC Media last Friday on my Daily Radio Show. We discussed Bitcoin, Ethereum and Blockchain Technology, as well.
Tyler comes on at the beginning of hour 2. You can listen to the show @ http://Emini.CFRN.net or http://YouTube.com/CFRN or even iTunes. Whichever you prefer. Great guy with lots of knowledge.
I'm fairly new to Reddit, I hope I didn't break anything. Nice place you got here. Thanks for letting me post.
Blessings DeWayne Reeves Founder CFRN Est. 2005
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Earlier this year was unemployed for 4 months and down to my last bits of cash. I sold and made about 4 times my cash over the two years I held. I'm really considering liquidating my 401k, taking the tax hit, and keeping a positive attitude for another few years. This seems like a price spike, but nothing has convinced me more of the longevity of BTC more than the few months I haven't owned.
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I sold about $400 worth in Feb. It would be almost 2K right now. Never again will I sell my Bitcoin.
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you have the benefit of learning this early.
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Bought at $250. My net worth 3 years ago was about $50k. Now worth $1.2m
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"I DON'T ALWAYS SELL MY BITCOINS" - the first part is enough
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I sold when it reached $1200 in March, then attempted to buy back in when it dipped to $900. Turns out Coinbase had frozen my account and prevented me from buying with the USD sitting in my wallet (but didn't prevent me from selling bitcoins, apparently).
The money is still sitting in my USD wallet, and I'm hoping a time comes where I can minimize my losses.
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Much smaller scale, but I sold some just above 4K with the intention to buy back double once it 'corrected'... Still waiting, getting antsy!
Every morning it's like 'oo baby BTC went up again' and then 'crap but that $xxxx I sold last week is sitting in damn fiat right now'.
Next time I recommend just holding and then buying more if there is a correction. Timing both the high and the low isn't really possible.
Normally I don't try and play it like this, but I played quite a bit around the lock-in dates and such so I had to be true to what I told myself my plan was. I put quite a bit extra in all at once right around that drop to $2000, so I wanted to recoup some of that in this current high to make sure I kept to my 'rules'.
But yes absolutely, my majority 'fund' grows slowly and stays away from exchanges.
Segwit activation is only 7 days away.
what does segwit activation mean for bitcoin?
It seems since you're effectively taking a short position with the intention of closing it out in the near future, it might actually be more prudent to use futures / swap contracts with some leverage to balance counterparty risk and the benefit of easy stop-loss orders.
This is part of the argument for those contracts, that they remove speculation from the underlying asset and contribute to decreasing volatility in the spot price. If you agree with the logic, by using them you'd be making that contribution yourself.
Buy back in now. Seriously. Just give up the idea that this is an "investment". It's a bank account. Only sell when you want to buy things.... not when you want to buy back in.
Maybe you can play things like "At the end of October, segwit2x FUD will start hyping... so maybe sell around then, and buy back in when the fork happens".
But that's a play based on knowledge. The only one worth doing. Selling because of round nubmers is OK... because a lot of people do it. But you've got to buy back in fast... like $50/coin fast.
I sold some at 3995. Bought back an hour later at 4050.
I'm still waiting for it to go from $2k back down to $1200 so I can really buy back in.
Does this comment you made make you feel sad?
Not really, just because I've made a lot of money off alts. I still remember it though.
Very cool. I wish you the best.
Part of me hopes it will keep rising but no matter how you look at it, on a linear or logarithmic scale, the price is just unnaturally high right now. Personally I hope it doesn't correct any further than about $3500, but if it continues to follow the long term trend, it could go as low as around $1400. It's hard to know what could happen though, because it's already rallying and SegWit isn't even activated yet. Imagine what's going to happen when SegWit is active and all kinds of Lightning Network implementations and other improvements start coming out. It could keep the momentum going a while longer.
there really is no natural high, the only thing slowing down bitcoin from exponential word-sprad right now is saturation effects, and currency saturation in bitcoin will not happen anywhere near or below $100k a coin, but maybe starting at $1m a coin. I think the speculators and opportunist jump on ship wave brought us to $2-3k, but the next wave will consist of people actually understanding bitcoin and throwing much much more money at it than the prior wave, we might see 10k way earlier that anyone expects, and then some - might have to do that we get segwit way earlier than anyone thought, but it's not all about segwit of course
Sold bitcoin at 4k, bought NEO at $50.
Thanks for my weekly reminder to check on antshares price. I had a stupid moment and bought NEO at it's old peak around $9 and instantly thought it was a pretty dumb move but held anyway, another bump in the road that I learned from... But nice to see it exploded again.
IOTA.
Buy or hold. Don't trade
Yeah I'm waiting to sell when it corrects, but... Not correcting yet lol
$4030 right now!!