Author Topic: Lost $50,000 in Bitcoin Crash and Still a Believer  (Read 3326 times)

MoneyBags

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Lost $50,000 in Bitcoin Crash and Still a Believer
« on: April 18, 2013, 11:41:06 PM »
At the start of the year, Simon Lang was about $1,000 in the hole on his initial Bitcoin investment. But as the price of the digital currency ballooned to an all-time high of $266 last week, Lang found himself $60,000 richer.

But that didn't last very long.

As Bitcoin prices tumbled to around $50 earlier this week, the value of his stake shrank to about $11,000.
Quote
"I was surprised at how fast the price went up," said Lang, a 32-year old digital forensics manager in Staffordshire, England. "I was expecting it to fall a bit, but not as much as it has."
"I've done research and think that Bitcoins will be a valued currency that we see accepted alongside paper currencies, kind of like credit cards over the long haul -- not as replacement," added Lang.
The price of the virtual currency,  which was created by an anonymous hacker just four years ago, has increased almost 20-fold this year. It gained particular attention in the wake of a mini-bank run in Cyprus that raised concerns about the health of government-backed paper currencies like the euro and the U.S. dollar.
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »

mayrick

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Re: Lost $50,000 in Bitcoin Crash and Still a Believer
« Reply #1 on: April 26, 2013, 06:10:11 PM »
hi MoneyBags,
As Bitcoin prices tumbled to around $50 earlier this week, the value of his stake shrank to about $11,000.
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »

queshadesta

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Re: Lost $50,000 in Bitcoin Crash and Still a Believer
« Reply #2 on: May 04, 2013, 08:43:05 PM »
It is these stories stuffing ... ENTERED DDOS attacks on market places, hacks, now the banks who make the law ... I guess you have an account offshore to be quiet, but after expenses hello ...
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »

andyreynolds

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Lost $50,000 in Bitcoin Crash and Still a Believer
« Reply #3 on: August 14, 2013, 10:08:18 PM »
si fue creado por un hacerk... y lo sabemos, creo que no hace falta tener en cuenta ese tipo de datos. o mas bien hay que saber que hay detras de estos datos, porque el interes de querer cambiar unos datos??

andyreynolds

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Lost $50,000 in Bitcoin Crash and Still a Believer
« Reply #4 on: August 23, 2013, 02:57:33 PM »
It is like these people who bought a home for $250,000, then saw it go up to $500,000 and then drop to $300,000 and say they "lost money on their house"

andyreynolds

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Re: Lost $50,000 in Bitcoin Crash and Still a Believer
« Reply #5 on: August 30, 2013, 06:38:11 PM »
We can not generalize like those types of situations, today is safer having e-currency than  cash, new payment methods improve the economy

andyreynolds

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Re: Lost $50,000 in Bitcoin Crash and Still a Believer
« Reply #6 on: September 03, 2013, 05:56:11 PM »
La gente acostumbra a generalizar y a dar su opinion a raiz de sus malas experiencias, pienso que plataformas como bitcoin hoy en dia apuntn a ser las digital currencies del futuro

andyreynolds

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Re: Lost $50,000 in Bitcoin Crash and Still a Believer
« Reply #7 on: September 04, 2013, 08:34:49 PM »
Grandes compaƱias conocidas que han matenido una sostenibilidad atravez del tiempo han sufido crisis y perdidad tambien, asi que debemos darle un poco mas tanto a bitcoin y swiftcoin

andyreynolds

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Re: Lost $50,000 in Bitcoin Crash and Still a Believer
« Reply #8 on: September 05, 2013, 06:36:38 PM »
Hace poco anunciarion que nokia habia tirado la toalla y que? grandes torres han caido, pero no podemos estar pensando en si sucede o no, debemos apostarle al cambio y las mejoras

andyreynolds

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Re: Lost $50,000 in Bitcoin Crash and Still a Believer
« Reply #9 on: September 10, 2013, 12:20:43 AM »
Cuantos millones se invierten en publicidad por parte de grandes compaƱias y al final no se ve reflejado en ninguna ganancia al cierre del ciclo contable... es dinero perdido tambien y siguen su labor o no?

mayrick

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Re: Lost $50,000 in Bitcoin Crash and Still a Believer
« Reply #10 on: September 25, 2013, 02:27:49 AM »
He lost a lot of money but he also won money before. This is how the market works.