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.
Nice story.
I heard about bitcoin when it was 30 cents on a gold blog. I figured it would be amazing if it would work, but then I thought"people will create clones, thereby cancelling the scarcity". I thought about throwing 100 bucks at it, but ended up not doing it. the price chart looked bubbly, and it would probably not end up working anyway. Never look at any decent info or a whitepaper. I watched this YouTube video of rawdog, THAT buffoon was my source.... I mean I can't even..... Wish I had bought then, but of course you never know what might have happened (could have lost all on scam exchange or whatever)
When did you finally buy, and what was the price at the time? Did you go into the BTC investment full bore, or did you invest incrementally? Do you still hold all of your coins, or do you sell from time to time?