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Old 02-26-2013, 03:53 PM   #1
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grrrrrrrrrrrrrrr ...... bitcoins

i posted a bitcoin thread a month or so ago, was thinking of investing - they were 19 dollars that day.

today - High:$31.69900

i'm a dumbass.
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Old 02-26-2013, 05:19 PM   #2
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I bought a bunch when they were $11 although I sold a lot of them when they were hovering around $25
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Old 02-26-2013, 05:57 PM   #3
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Had a few hundred.. sold them over the summer to buy stuff. Got about 15 now.. buying a few a day. I'm very long term on bitcoins. Real way to make them grow is to invest in a company on the bitcoin stock markets. I invested in a mining company and will have some pretty awesome returns.
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Old 02-26-2013, 06:05 PM   #4
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Not gambling doesn't make you a dumbass.
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Old 02-26-2013, 06:14 PM   #5
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Not gambling doesn't make you a dumbass.
Bitcoins are a good gamble. Even some forward thinking adult sites are starting to catch on.
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Old 02-26-2013, 06:17 PM   #6
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Whats bitcoin mining? I though there is a fixed number of coins and not a single more.
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Old 02-26-2013, 06:55 PM   #7
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I posted on gfy when mega launched that i thought it would shoot up and sure enough


ofcourse i didnt take my own advice ;)
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Old 02-26-2013, 07:04 PM   #8
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LOL you will feel better when they go down to ten bucks, just remember to buy some then
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Old 02-26-2013, 07:16 PM   #9
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...Real way to make them grow is to invest in a company on the bitcoin stock markets. I invested in a mining company and will have some pretty awesome returns.
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Old 02-26-2013, 07:19 PM   #10
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invest in virtual money ?, whose price goes up and down ?
no thanks.
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Old 02-26-2013, 07:21 PM   #11
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Whats bitcoin mining? I though there is a fixed number of coins and not a single more.
no, bitcoins are "made", they are very unique large numbers calculated by a very processor intensive algorithim, so there is a finite number available at any given moment, but that number slowly increases.

Bitcoins are starting to become popular for buying things like prescription drugs from india, so there value is increasing as more people find a use for them.

Might they crash again? Sure.
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Old 02-26-2013, 07:23 PM   #12
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As crazy as it sounds, I'm serious. yes there are companies that raise hundreds of thousands of dollars on bitcoin stock markets. For example you can buy shares of Satoshi Dice the most popular bitcoin gambling game. They pay you dividends weekly from the earnings.

I invested in a company that manufactures bitcoin mining machines. They just started "mining" with them and I will be getting hefty dividends.

Its ridiculous but its happening.
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Old 02-26-2013, 08:25 PM   #13
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I invested in a company that manufactures bitcoin mining machines. They just started "mining" with them and I will be getting hefty dividends.
you mean like avalon? Or some group assembling mining hardware?
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Old 02-26-2013, 08:30 PM   #14
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you mean like avalon? Or some group assembling mining hardware?
ASIC miner. I bought a few hundred shares last summer cause the guy seems to always be doing something cool. Avalon was first to the market but he just completed his miners like 2 weeks ago and is putting them all online and will have about 30% of the hashing power in the network till the competitors catch up. Thats like 20 grand a day profit. (or something ridiculous like that)
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Old 02-26-2013, 08:40 PM   #15
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As crazy as it sounds, I'm serious. yes there are companies that raise hundreds of thousands of dollars on bitcoin stock markets. For example you can buy shares of Satoshi Dice the most popular bitcoin gambling game. They pay you dividends weekly from the earnings.

I invested in a company that manufactures bitcoin mining machines. They just started "mining" with them and I will be getting hefty dividends.

Its ridiculous but its happening.
yeah Satoshi Dice does very well, they made over $500,000 in profits in the first 6 months

http://calvinayre.com/2013/02/01/bus...er-be-ignored/

Also BitPay got $500,000 in venture captial

http://www.americanbanker.com/issues...1055661-1.html

Three other US Bitcoin companies raised six-figure investments in 2012, and French Bitcoin company, Paymium, was approved to partner with a licensed financial services provider in France.

Yet people here on GFY are still thinking it's all a joke.

Last edited by Konda; 02-26-2013 at 08:43 PM..
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Old 03-01-2013, 04:47 AM   #16
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Old 03-01-2013, 06:49 AM   #17
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Pyramid is going strong!
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Old 03-01-2013, 07:12 AM   #18
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Mega started accepting bitcoins
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Old 03-05-2013, 01:34 PM   #19
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now 39.90
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Old 03-05-2013, 01:39 PM   #20
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I just retired from my new bitcoin riches. See you fuckers in another life.
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Old 03-05-2013, 05:59 PM   #21
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now 39.90
https://twitter.com/KimDotcom/status/308617409311432706
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Old 03-05-2013, 09:59 PM   #22
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Bitcoin at 45.00

Been waiting for a correction. Doesn't seem to be happening
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Old 03-05-2013, 11:59 PM   #23
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Its pretty crazy nowadays, im not buying now though, waiting for a drop
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Old 03-06-2013, 08:17 PM   #24
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Namecheap now accepts Bitcoin.
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Old 03-06-2013, 08:28 PM   #25
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https://gfy.com/showthread.php?t=1102255

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TL,DR - because bitcoin cuts out the percentages of credit cards and banks, pressure to switch may be intense. Because it's inherently limited, can't be "printed", and must be "made", the pressure to increase it's value thru competition may be intense.

Thus, driving up individual bitcoin value.

It seems to me this opens up a niche for fractional bitcoins.
The key to their attraction is, no involvement, and thus no margin, by banks, processors, or credit companies.

I was like - "hmmm" - when the offshore prescription companies started to accept them, and even offer special preferential deals for bitcoin spenders.

downside for porn biz - no recurring. but, recurring is a dying model anyway.
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Old 03-06-2013, 08:31 PM   #26
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http://money.cnn.com/2013/03/06/tech...ation/bitcoin/
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Old 03-06-2013, 10:30 PM   #27
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Old 03-07-2013, 12:17 AM   #28
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look like



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