Search content
Sort by

Showing 20 of 22 results by lilphilog
Post
Topic
Board Speculation
Re: Will bitcoin rise again or it is still crashing???
by
lilphilog
on 19/02/2014, 02:11:36 UTC
You have to evaluate, the reason that you bought the btc in the first place.   Was it because you wanted to be part of something new?   Did you want to be a participant in a vehicle that has the potential to change the financial world as we know it?   Or were you just hoping to double your money in a few days/weeks/months?  Also you need to evaluate if it could affect your life if the value halved again, or even worse.  

If the value plummeting could adversely affect your life, or make you lose sleep, then maybe selling is the best option for you.   If it was the latter, and you want to be a part of the bigger picture, then definitely hold.   There is definitely still the potential for massive growth, it is just starting to look like it is on a much bigger timetable than most had hoped.  

If you bought only a few btc, and your idea was to  get rich quick, then that idea is pretty much out the window for the time being.   That doesn't mean that you are not going to make long term gains on the investment, however.   Keep in mind that a 10-12% return on a stock market investment is still considered strong.  You can still reap those returns on any given day in the btc market.

Thanks for your advice, i really appreciate it... I bought them to buy a couple of things and i seen how low it was and thinking should i buy more and hold on to some but regardless i'm still gonna make a couple of purchases. i definitely didnt buy them to sell them or anything of that sort.
Post
Topic
Board Speculation
Re: Will bitcoin rise again or it is still crashing???
by
lilphilog
on 19/02/2014, 02:09:04 UTC
Don't be in a hurry for your bitcoins to reach their potential value. Will the whole bitcoin economy be worth more than $8 billion in a few years? Many people who understand the technology think that it, or cryptocurrencies in general, will replace a lot of the current global financial infrastructure eventually, which is worth trillions. Will it be a smooth ride up until then? Definitely not. Will it go a lot lower on the way? Maybe. Take a chance if you're greedy, or just sit tight and hold. These forums are full of people weeping about how they were just about the buy back in at $2, $5, $200, whatever. I sold a few at $100 in July thinking it wouldn't see that high again. If you can afford what you have spent on them then hold on to them, if not, sell the bitcoins you can't afford and stop worrying. In the end it's your choice.

Thanks for your input, i appreciate it.
Post
Topic
Board Speculation
Re: Will bitcoin rise again or it is still crashing???
by
lilphilog
on 19/02/2014, 02:07:00 UTC
Get a back bone fucker. Either hodl or be a pussy, sell and don't ever come back.

Man fuck you bitch, im asking a simple question there is no need to go on your period just because of that. Die slow.
Post
Topic
Board Speculation
Re: Will bitcoin rise again or it is still crashing???
by
lilphilog
on 18/02/2014, 05:25:27 UTC
HODL!

Alternatively: omg get out, sell, quick, it's gonna crash!!! and besides I need to buy your coins cheaply right?

Summary: it's difficult to take any answer you would get here as an honestly held belief.

For what it's worth: I am not sure which way prices will go when MtGox finally either opens the floodgates or dies outright. I do think that if there's a crash, it will recover. I'm not into tons of risk but I've already covered the amount I put in to bitcoin, so I'll be happy to hold for the foreseeable future and see what happens.

Good luck!

Thats true, i think i might just hold on to these... that would be the best option right now, plus if it rise back i would have a great profit for my investment.
Post
Topic
Board Speculation
Topic OP
Will bitcoin rise again or it is still crashing???
by
lilphilog
on 18/02/2014, 05:16:25 UTC
I just bought some btc recently and was wondering if i should keep it until btc rises....
Post
Topic
Board Electrum
Re: Does Electrum suffer from transaction malleability?
by
lilphilog
on 18/02/2014, 04:52:57 UTC
To clarify, from the linked thread: be careful with subsequent transactions and automatic payments made with Electrum for now.

Man thats kind of scary, should i switch to bitcoin qt and send all of my btc from my electrum to the new bitcoin wallet ?

All bitcoin clients are affected by the bug. All you have to do is wait for confirmation after you've made a transaction before you make another transaction.

Ohhh ok, thanks for the heads up
Post
Topic
Board Electrum
Re: Does Electrum suffer from transaction malleability?
by
lilphilog
on 18/02/2014, 04:31:13 UTC
To clarify, from the linked thread: be careful with subsequent transactions and automatic payments made with Electrum for now.

Man thats kind of scary, should i switch to bitcoin qt and send all of my btc from my electrum to the new bitcoin wallet ?
Post
Topic
Board Electrum
Re: I want to update to 1.9.7 electrum but scared i'll lost my bitcoins
by
lilphilog
on 18/02/2014, 04:14:27 UTC
thanks barak... edit - a matter of fact i did this the first time i downloaded electrum should i do it again, i wrote down the seed and password when i first did it.
Post
Topic
Board Electrum
Re: I want to update to 1.9.7 electrum but scared i'll lost my bitcoins
by
lilphilog
on 18/02/2014, 04:08:27 UTC
LOL Nice one  Grin
Post
Topic
Board Electrum
Topic OP
I want to update to 1.9.7 electrum but scared i'll lost my bitcoins
by
lilphilog
on 18/02/2014, 04:00:20 UTC
(noob question) How do i properly update my electrum wallet to 1.9.7 and still have my btc ? I looked on the documentation but didnt find anything referring to this...Also Do i even need to update it or is it ok if i keep this older version ? Is it anything i need to backup just to be safe if i uninstall this to reinstall the updated version? This is what my password is for right, like if i lose my wallet or anything i can just restore it with my seed password right ?
Post
Topic
Board Beginners & Help
Re: Where can i buy bitcoins for LR ?
by
lilphilog
on 22/01/2013, 20:18:24 UTC
Thanks i will definitely check it out...
Post
Topic
Board Beginners & Help
Topic OP
Where can i buy bitcoins for LR ?
by
lilphilog
on 22/01/2013, 19:48:05 UTC
Hi guys soon right now i'm exchanging Paypal for LR and i'm looking to buy bitcoins after doing so, i would like to know what website are legit and good for buying bitcoins via LR?  and also what members on here are legit and trustworthy sellers of bitcoins for LR?
Post
Topic
Board Beginners & Help
Re: Does anybody here use BTCPak? What are the fees ?
by
lilphilog
on 21/10/2012, 12:56:31 UTC
Nevermind guys i thought BTCpak was for buying BTC with MP's but it's vica versa.
Post
Topic
Board Beginners & Help
Re: Trojan Wallet stealer be careful
by
lilphilog
on 21/10/2012, 12:49:50 UTC
Thanks for the heads up, Its crazy how many scammers are out here
Post
Topic
Board Beginners & Help
Re: Mining explained in a simple way for my friend
by
lilphilog
on 21/10/2012, 12:48:15 UTC
I once tried explaining mining in a way a seasoned citizen might understand it ... using bingo cards!

 - http://bitcoin.stackexchange.com/a/3978/153

Wtf bingocards?  LOL thats out of the box but super cool
Post
Topic
Board Beginners & Help
Re: So, what happens when bitcoins stop being produced?
by
lilphilog
on 21/10/2012, 12:45:26 UTC
I hope they never stop, i just love the whole concept of "bitcoins"
Post
Topic
Board Beginners & Help
Re: I am developing this: http://www.pyramining.com/
by
lilphilog
on 21/10/2012, 12:44:15 UTC
The "Pyra" made me click this the thread, for some reason " Pyramining " sounds really interesting...
Post
Topic
Board Beginners & Help
Re: How much do you pay for electricity?
by
lilphilog
on 21/10/2012, 12:41:57 UTC
Solar so no bil  Grin

Are you joking or telling the truth? lol i didn't know solar power could produce that much electricity, Thats sweet
Post
Topic
Board Beginners & Help
Re: HOWTO: create a 100% secure wallet
by
lilphilog
on 21/10/2012, 12:37:02 UTC
Thanks dude i just download the bitcoin wallet and needed this.
Post
Topic
Board Beginners & Help
Re: Trust No One
by
lilphilog
on 21/10/2012, 12:35:05 UTC
Thanks for the heads up buddy, i will definitely be more cautious now.