Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
i cant do it
i cant sell me coins!
again I've got 22 BTC a few days past a month so far mining as a NOOB....how many of you guys are gonna crack like an egg when/if BTC hits 1000 usd ..... ack....and from what I've seen on here if everyone runs to sell at the same time ..you seem to lock up the works anyway with no one selling....a nice little delusional loop
I've only got 22 coins ..it hits 1000 usd and I actually have the $$$ to plan and implement my foolish mid life crisis correctly (sports cars co-eds and bimbos)..(must resist)
anyway you with over 100 coins (big brass ones) I will watch ponder and learn and www.mtgox.com is at $721 and going up as I type ....all aboard the 'roller coaster" exit stage left
sheez....only been doing this a month and flabbergasted already
Don't think that you are the only one with such a small portfolio! Big profits can still be made with what you have, it's all about timing and it's never too late!
Haha you say that 22BTC is a small portfolio... That's still huge compared to me! 0.11BTC currently! I just need to invest more and will when I get paid again
Honestly though, a long term (as long as BTC doesn't get outlawed in future) market cap of $50B-$100B is feasible and that would price each BTC at $2381- $4761. That's not taking out the lost BTC or BTC in storage (not in the exchanges) so with that taken into account I think the price *should* go a lot higher than that long term. Well obviously now it is. A year or so back, 22 BTC wasn't that much. A lot of us here on the forum go way back and had the opportunity for a lot of cheap coins. (I wasn't one of the lucky guys, I discovered BTC when it was close to 70$). Still, if you believe in BTC; acquiring more at a pace you are comfortable with is the way to go.
Some of the guys here have over 1K coins, that just makes me sick
.I often think about the "What if's" of getting into BTC earlier. I had a dream (or nightmare) last night. I was at a PTA meeting and I overheard other moms talking about Bitcoin so I jumped in and said, "Oh. You have some Bitcoin too?" The moms replied, "Oh yes. We bought them when they were $1." My heart sank and I thought, "Everyone got bitcoin sooner then me!" I woke up realizing that is pretty crazy. No one around me has even heard of Bitcoin still and the ONLY people we know that have any are the ones we have told personally. This might be different in other parts of the world, but not in our circle here near Los Angeles. I console myself that someday It will probably be the other way around. I will be talking about Bitcoin, someone will be bragging they got them for $200 per mBTC and I will just say, "Yes. I got them for $200 each too!" Not mentioning that they were $200 per full BTC.
We will see of course. . .