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Old 07-18-2015
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jeffweico jeffweico is offline
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Default Re: Any Bitcoin or Cyrptocurrency enthusiasts?

A few years ago, someone sent me a message on eBay asking if I would take Bitcoin for an item that I had listed. Nobody had ever asked me that before. The item had been listed for months and wasn't selling. It was only $50. So, I got his email and we made the deal. I had always been interested in Bitcoin, but had never come across a reason for using it. I think I got 10 or 11 Bitcoins for the item.

When I took them, I felt stupid because I had my Bitcoin wallet on my PC and thought I would lose them if my hard drive ever crashed. But it wasn't a big deal to me, because we were talking about $50.

A year and a half later, the price of Bitcoins went through the roof! I sold them for $185 each and used the money (after Mt. Gox fees) to have a landscaper come out and create the garden I have always wanted but never wanted to pay for.

I have not done anything with Bitcoins since, because of the volatility, but I do accept them when selling eBay accounts. I would definitely convert them into real dollars as quickly as possible, because the price could very quickly go either way and I - despite my one GOOD experience - am usually on the LOSING end of speculative investments.
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