Quote from: Elwar on July 02, 2011, 05:19:48 PM

Yes, another thread about the falling Bitcoin price.

I know the ship has sailed because I have finally put money into Bitcoins and every investment that I finally get around to making is at the end of its hayday.

Back in 2001 I finally bought some dotcom stock so that I could get in on the millions that everyone else had been making for the past few years...I had followed it closely from early on and finally bit the bullet and jumped in. That is when the dotcom bubble burst. I lost all of my investment.

I did see the gold thing skyrocketing back in 2005 so I knew that it would go up. So I dropped $20,000 in when it was $400 per ounce. Then my company, SAIC announced that they were going to IPO in a year and that they were offering employees share purchases up to $20,000. So I waited while gold JUMPED to $425 and sold sold sold...and put all of that money into SAIC's IPO at $42 per share which eventually split and dropped and I eventually got my money out at $18 per share.

Then came housing...I bought a house in 2007 at the height of the housing bubble. Fortunately I bought my house in Texas which was not as expensive as other places, needless to say, I lost money when I sold it 2 years later. I sold that house and bought a house in Florida...needless to say, the Florida market is not doing all that great right now.

I found out about BitCoins about a year ago and tried to get the mining to work on my computer but after it rebooted once it started coming up with errors so I gave up on trying to mine, back when a Bitcoin was worth less than a dollar.

I have always planned on getting some Bitcoins but just never got around to it...until this past week. I finally got money transferred through my Dwolla to MtGox and bought at $16.00 per BitCoin.

Expect BitCoin to now crumble like all of my other investments.

I have also been looking into land in Costa Rica...

So basically you think you are a huge loser... and because you found out about Bitcoin then it is doomed to fail basically?

Don't worry so much! Just because you bought at $16 USD and it's at 15.50 right now doesn't mean anything. The market is volatile. Either you are in it for 5 minutes or you are in it for life.

The USD dropped considerably in value just in the last few days, that is probably reflected on MtGox's charts.

Stay strong, carry on.