Quote from: hyphymikey on March 11, 2015, 02:12:54 AM

Quote from: 12345mm on March 10, 2015, 10:41:39 PM

me muddy ? ... nahhhh ... couldn't be ... i'd be happy as shit if this thing went ballistic (again) ... lowest i've paid was 90 a pop after SR closed and i started mining back in 2013 too with positive roi ... highest i've sold at was 770 ... currently have over a blocks worth acquired in the low 200s and benefited for thousands of dollars of profit ... i'd love to have gotten in in the single digits but hey time travel isn't possible so ... anyway i'd probably be classed as a late-early or early-mid adopter ... and it would be fantastic for me if it'd just rock up and up from here ... and i'm well in the black ... but i know what the reality is and what the public perception is ... rational people don't touch this shit with a 10ft pole because well ... like i said ... people don't like the idea of being taken advantage of and paying 10000X the price something was produced at is hard to stomach for normal people used to working with normal investments and fiat currencies ... but hey ... there's lots of irrational people in the world to make more $$$ off of right ? ... Tongue

Why do people buy any investments knowing that someone bought it waaaaay cheaper than they did? Because they look at the future not the past. Thats what smart investors do. We still don't have all the smart investors on board yet due to various reasons... mainly the ability to acquire legally and large amounts. Once that wave is over, bitcoin will have grown and will be used for what it is, and people won't worry about it as an investment that someone bought waaaaay cheaper than they did a long time ago. They will think of it as an amazing technology. You got to remember bitcoin was not made to make you rich!

They don't if it's really an investment, which is basically defined as loaning somebody who does something productive money for interest. Out of it comes something of value, a product, a service, knowledge or information.
That doesn't happen with Bitcoin because the mtoney you used to buy Bitcoins goes to another person who doesn't use that money to earn something for you. That's why it's called speculating and that's why this board is called as such. We are speculators not investors.