I am going to share unrelated stories about Bitcoin from Reddit in this thread for entertainment and education. There are thousands of posts there on the subject, so if I find a gem, I will post it here, so we can document this raging bubble for prosperity, reminding us of the late 90s....
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Average Joes are buying into the hype
"Two co-workers of mine in the past week came up to me and talked to me about bitcoins.
One was asking me how to mine ("What computer in the computer store can I build to make at least $100-200 a day? I just want some passive income so I don't need to work too much) and that he was thinking of buying $50K worth of coins as the value was going up very fast. (Actually after the conversation, he revealed to me that he had already bought $50k of bitcoins 2 days ago (at $700) and was just asking me what I thought of it. Heh. I wasn't amused.)
Another one was spending all his savings(all $800 of it)/salary for the past 2-3 weeks on bitcoins. He said he's been reading the article and everything points to bitcoins going up. He also mentioned to me that he had read that the target price of bitcoin was $23,000. He said he wanted to buy a house and bitcoin seems to be the only way to do it. I facepalmed so hard.
Basically two guys. Investing everything they got into bitcoins but they don't even understand what they're even investing into. They were asking me very basic questions that any bitcoiner would know the answers to. One even asked me who the inventor of bitcoin was and that he wanted to know his email so he can ask for some help. LOL. The other said he didn't own a computer so he just stored all his coins in an online wallet (hint: it's not blockchain). Oh lord.
Oh and here's another one. This just actually fucking happened 1 hour ago. An old classmate of mine (haven't seen in 8 years) just added me on FB. Told me that he heard from people that I'm a bitcoiner. He asked me if I had 100 bitcoins to sell to him and he would pay me in cash immediately. He said he "would pay at market value of $700". Straight away I told him that is not the market value at all and that he was about $150~ off. After I had told him that, he kinda backpedaled and said uh I see. That's too expensive. Never mind and went away.
The amount of blind greed I've seen in the last 2-3 weeks is just... horrifying."
Q:"Where do you work that your co-worker has 50k laying around to just spend on a technology he doesn't fully understand!?"
"Machine operator/mech at a major Australian company. Actually I found out from another coworker that it wasn't all his money. He found about 2-3 other friends and they pooled up and bought coins together all in one wallet (and hopefully to become millionaires). I think one of them actually got a loan to do this."Two co-workers of mine in the past week came up to me and talked to me about bitcoins.
One was asking me how to mine (
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Average Joes are buying into the hype
"Two co-workers of mine in the past week came up to me and talked to me about bitcoins.
One was asking me how to mine ("What computer in the computer store can I build to make at least $100-200 a day? I just want some passive income so I don't need to work too much) and that he was thinking of buying $50K worth of coins as the value was going up very fast. (Actually after the conversation, he revealed to me that he had already bought $50k of bitcoins 2 days ago (at $700) and was just asking me what I thought of it. Heh. I wasn't amused.)
Another one was spending all his savings(all $800 of it)/salary for the past 2-3 weeks on bitcoins. He said he's been reading the article and everything points to bitcoins going up. He also mentioned to me that he had read that the target price of bitcoin was $23,000. He said he wanted to buy a house and bitcoin seems to be the only way to do it. I facepalmed so hard.
Basically two guys. Investing everything they got into bitcoins but they don't even understand what they're even investing into. They were asking me very basic questions that any bitcoiner would know the answers to. One even asked me who the inventor of bitcoin was and that he wanted to know his email so he can ask for some help. LOL. The other said he didn't own a computer so he just stored all his coins in an online wallet (hint: it's not blockchain). Oh lord.
Oh and here's another one. This just actually fucking happened 1 hour ago. An old classmate of mine (haven't seen in 8 years) just added me on FB. Told me that he heard from people that I'm a bitcoiner. He asked me if I had 100 bitcoins to sell to him and he would pay me in cash immediately. He said he "would pay at market value of $700". Straight away I told him that is not the market value at all and that he was about $150~ off. After I had told him that, he kinda backpedaled and said uh I see. That's too expensive. Never mind and went away.
The amount of blind greed I've seen in the last 2-3 weeks is just... horrifying."
Q:"Where do you work that your co-worker has 50k laying around to just spend on a technology he doesn't fully understand!?"
"Machine operator/mech at a major Australian company. Actually I found out from another coworker that it wasn't all his money. He found about 2-3 other friends and they pooled up and bought coins together all in one wallet (and hopefully to become millionaires). I think one of them actually got a loan to do this."Two co-workers of mine in the past week came up to me and talked to me about bitcoins.
One was asking me how to mine (
