Step 12. When Bitcoin crashes down to $0, go to Home depot get some quality rope, tie a nice fat noose around your neck, find a nice sturdy chair to kick under you.




P.S. - Morbid sense of humor, nobody please off yourself, life's way too important.  But if you invested 100% of your life savings without hedging, I guess it's an option...

this is why i dont sell any, i can live with losing a couple of thousand £, i couldn't live with myself if i dumped and then the price soared

In such a case, I would have no money at all. Are you implying I should steal that rope?

Having $0 money does not equal living on the streets. If you had previously bought a house, and some time after you find yourself with no money, the house doesn't simply vanish. You can still sell it and rent somewhere less expensive. Also, I assume you continue working, right?

Having $0 money means you can't pay or afford mortgage, bills, food, electric, internet, water, medical expenses, gas, dog, cat, turtle etc.  Which probably means foreclosure on your house.  It means you can't afford to go to work, because you can't afford train/bus fare.  It means you'll be fired from work.  Since you don't have internet, you can't look for a job.

Yup, pretty much stick to my cardboard box for now...



Notice I'm still wearing my work shoes.  At least those are still good if I can get an interview.

DAM YOU BITCOIN!!!

Hey PG, long time no talk!   

What does pull-a-williams mean?  Tried googling it, but doesn't come up with anything obvious. 

Try http://lmgtfy.com/?q=williams+%20%22no+suicide+note%22+%22hung+himself%22, or perhaps pull-a-Carradine is a better clue.

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Step 1: Panic Sell: Quickly go to your exchange of choice (preferably one located in a country other than your own) and sell all your bitcoin. Don't even risk owning the smallest fraction of a coin. If you really want to commit to quitting, do it right and sell everything.

Step 2: Seek Validation on Your Favorite Bitcoin Forum: It is simply not enough to sell all your bitcoin. To ensure that you later don't have a "change of heart," it is required that you announce your departure. Regular bitcoin users also like to see who is leaving, so it is important for you to tell them. You won't believe how much strangers on the Internet care!

Step 3: Make Sure You Know Your Talking Points: People leaving bitcoin need to have a reason why. Make sure you have one in your pocket especially during step 2. Please choose one of these: "Price Volatility", "Centralized Mining", "Fixed Supply".

Step 4: Enjoy the Freedom from Bitcoin Shackles

Step 5: Do something else for awhile. Never pass up an opportunity to ridicule the idea of Bitcoin and those dumb enough to use it.

Step 6: Check back after six months, only to find that Bitcoin isn't dead after all.

Step 7: Check back again, only to find the price has inexplicably risen past your selling price. Complain bitterly, as the price continues rising relentlessly and inexplicably, about how "early adopters" get all the breaks.

Step 8: Buy bitcoin. Buy more bitcoin. Start dreaming of getting rich simply by buying Bitcoin.

Step 9: Put 90% of your net worth into Bitcoin. Make a post tor/bitcoin about how you're in it for the long haul.

Step 10: Sit back or pull-a-Williams or pull-a-Carradine, then...

Step 11: Watch in horror as your "investment" drops by 50%, then 60%, then 70%.

Step 12: GOTO Step 1 (if you survived Step 10).

LOL, but but but I was so sure BTC would rise and rise and make me a bazillion said one speculator, the early adopters are full of useless BTC.

If only the price would keep going down down down 

3 day chart really tells the btc story ... interesting curiosity valued stable below 100 with some intrinsic value as an instantaneous transfer medium ... jacked through the sky in 2 months (due entirely to mtgox fake money/software/lies) ... and optimistic death ever since going on over a year now ...