Silk Road forums
Discussion => Newbie discussion => Topic started by: Hippy Tribe Chief on April 16, 2013, 11:51 pm
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tried to play the market and lost a shit load...
Feels like i got digitally ass raped.. lesson learned. Spend your bitcoins as soon as you get them.
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Now you know what your gf feels like.
Sorry, just trying to get posts.
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Yeas that sucks...I was lucky to get in at 22 and out at 92...didnt make a whole lot of cash, but did get a whole lot of free drugs!!
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You still have the same number of bitcoins. If you hold onto them they will be worth more in the future. If I sold mine right now I would have lost several thousand dollars so don't feel bad. Keep that chin up!
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got fucked in the ass today by the market. bought at 89 and by the time i got home it hit 69 and i dont have enough for my fucking deal :(
lost 70 bucks in 5 hrs.
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I used silkroad a fair amount during 2011. After my last transaction, I had about 11 BTC left. Keep in mind they were worth $4-5 at the time. Due to some real life circumstances I had to leave Silk Road and give up drugs for a bit. Last week I read that BTC was over 200$/coin and couldn't believe my eyes. I immediately rushed back here and bought a load of goods with the coins that had sat on my account the past year and a half. I still am in a position in which I can not use drugs for 4 more months, but once I am able to again I will have enough to last me a year. Crazy to think that what was worth 50-60$ to me 18 months ago was worth over $2,000 a week ago.
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If you lost a lot, just let it climb back again again. You've only really lost once the market stabilizes and the fluctuations end, but who knows when or if that will happen.
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I did get some free 2cb last week...
not free but played the market, sorta feel bad for the vendor. twopeas:(
How synchromystic
The same day my 2cb arrived, i get digitally ass raped for 5x the amount. But it's sorta cool, since i got ass raped on THE 2cb, I ass raped from another vendor.
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Reaching 50 is only important if your a vendor...
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U TRIPPY MANE?
http://www.youtube.com/watch?v=D4BTpdue7fc
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I have been hanging around and studying the silk road and bitcoins for about 3 months. I don't know the exact time, but they were under $30 when I first started. Let's say my slowness to jump in had something to do with their rise in value. It seemed like I was getting played. They only went up after i started loooking.
The first time I learned about Bitcoins was also the same time I learned about Silk Road so, I am in this for the drugs. Bitcoins are a great idea, but until EVERYBODY knows about them (and has a good lesson in DEMAND markets aka interest bubbles) there will be people who say "Oh an easy way to make money? I'll buy some." or "Oh, you can buy drugs with them? I'll buy some." It's NOT easy, but since there's a pot of gold (or pot) at the end of the rainbow, don't underestimate the power of greed or need.
I hope this recent dive taught people that markets are volatile and bubbles happen and didn't teach people that bitcoins are a bad idea. I have confidence in the currency, but these interest bubbles will probably continue to happen as new circles of people are exposed to the idea.
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are the people who sold at the top the digital rapists?
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I knew it all along.
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If you lost a lot, just let it climb back again again. You've only really lost once the market stabilizes and the fluctuations end, but who knows when or if that will happen.
Yep. I waited until the rates went back to where they were when I bought in and then made my deal. I watched the rates like a friggin hawk. I was $45 short then 25 then 3!!! Finally I skated under the wire :)
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With all this bitcoin fiasco, you only won if you already had bitcoins
I had coins in my wallet i couldnt get to because my laptop needed a new charger. and me being lazy and half a year later, I win
Now I am gonna OD and no one can stop me, except these shipping times
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tried to play the market and lost a shit load...
Feels like i got digitally ass raped.. lesson learned. Spend your bitcoins as soon as you get them.
How much did you lose?
I remember seeing them at 14 USD and then when i went to buy some to go on SR they were at 30USD and I thought this is a bubble and it's going to burst. I didn't realise it would go up to 200 USD before that though
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I was lucky. I could see the price going up, and up and up, and got concerned about a crash. Once the price got to $100USD per BTC, I started getting rid of any coin i had, by continually buying and selling. At the end, I did lose a far bit, but i made just as much, or more whilst the prices were going up. In fact i have continued to do business through the crash and did not cancel/delay any orders. It's a shame that some of my suppliers stopped selling, or insisted on FE (which i refused to do).
Cheers
Dimitry from Straya
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How much did you lose?
I remember seeing them at 14 USD and then when i went to buy some to go on SR they were at 30USD and I thought this is a bubble and it's going to burst. I didn't realise it would go up to 200 USD before that though
I loss close to 200 bucks.. if only i would have waited a day, the market went right back up.. well, at least my vendor gets good value with the coins, he gave me a super deal anyways. I had to make sure my weed came before 420.. kicking myself now
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word
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I lost about £300 with the crash. My SR stats say I've spent £600 in six months since joining so I had a plan and that was to buy roughly £600 worth of coins (ie. six months worth supply) and try living off the interest.
It was amazing for a while watching the value of my account continuously soar. I was constantly texting my gf every couple of hours saying "I've just made £50" or "I've just made £80." My investment was making me more money online than I was getting paid for going to work! Then it went bust.
I won't be ordering anything for a couple of weeks so I'm hoping in the meantime it might go back up a bit more. I realise its not going to reach the same dizzy heights as last time quite yet but if it gets anywhere near £90 a coin by that time then I will more or less have broken even since I still hold a couple of coins bought at £20-30.
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luckily i had a random 600 to throw in when it was around $30 a bc, so I ended up getting essintially a free laptop that woulda cost me like 900 and some other small things. then when goddam bubble popped I had made my order for a lb of some good green from bayareabudz(great vendor btw) when it was at like $187 and he didnt process till it was all the way down to 100 and had at least 5 other people getting at least hp's so big thumbs up for bayareabudz for takin a loss for his customers. I will def be buying from him again, but in relation to this discussion I have not lost but only have gained from SR and the bitcoin market so far in my time here. My latest loss was in a robbery while on vacation =( while very shitty, I had to come to realization that there are people who cheat and steal to achieve anything in life, and even if you have but 1 honest dollar to your name, there will be 5 con's trying to pull it from you most anywhere you go... lol hidden security cameras + better locking mechanism for windows + nothing worth alot in home when gone = problem solved and never to happen again