Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
Seems quite often that when people encounter bitcoin for the first time, they think it sounds too good to be true, and they come up with a reason why it won't work. A few years later, when they encounter it again, they are more likely to go for it. That promises for the next bubble given the widespread media coverage in 2013
. I am still bearish for the very short term (next day or 2) though.
i read about bitcoin in a news magazine in feb/march 2011. no IT knowledge at all. i decided to invest $3000, price was around $10. boy, it was hard for me to find out how to set up an account @mtgox and how to wire money to japan. the money took ages to get there while price was rising every day. the day it arrived on my account was the day of the peak bubble. instead of buying 300 btc i could only get 120. i hesitated. price climbed like a rocket. so i bought 100 btc.
aaaaand price stopped to climb. bubble popped. it went down for the rest of the year all the way down to $2. i had managed to lose $2800 on some japanese online scam. mtgox was hacked while the the price went down, i could´t access my btc. decided to throw my account details/password into the garbage and felt so ashamed that i told no one about it and forgot all about it for years.
it wasn´t until march 2013 when some customer walked into my store and talked about bitcoin. didn´t even rang a bell. when he mentioned mtgox i remembered this tokyo based online scam and told to him to shut up talking about this fuck-up. the customer insisted it wasn´t a scam. i googled it. he was right, mtgox was still around. price was around $68 WAIT WHAT?? i felt even worse, having no memory whatsoever about account access.
the guy suggested to write to mtgox customer service. i did. fuckin 10 minutes later they granted me access to my account, 100 btc sitting there untouched for 2 years. i got hooked on bitcoin that moment.
Great Story! Nice that it worked out for you. And it is a GREAT example of how we really didn't know what to make of this bitcoin back then. Buying some of these "scam" coins over the last few years is also going to be interesting as a few might amount to something. And we might look back and say "You know, I had 5,000 Maidsafe, Monero, etc. but dumped it as it lost so much value. Had I known..." Much more likely than the 10,000 BTC Pizza. A few of these are going to amount to something.
You know, a couple of years ago I was trying to send 2 Bitcoin to the ICO for Ethereum. It was the last day I think. It just hung there, for 5 minutes, and I tried that more than once. Just wasn't meant to be, those 2600 Ethereum for 2 BTC. Think that would be roughly 67 Bitcoin today.
