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Drake 03-23-2013 05:15 PM

Quote:

Originally Posted by Dirty F (Post 19535241)
Well depends what you want. If you would've bought 10k in coins yesterday you would've made a nice profit today.
I personally buy them for the long term.

How much money have you invested in bitcoins so far?

Internet Guy 03-23-2013 08:37 PM

http://i.qkme.me/3t00sd.jpg

ZeroHero 03-23-2013 08:42 PM

i love bitcoins :winkwink:
anyone alse maybe? info contact in sig :thumbsup

MainstreamGuy 03-24-2013 12:28 PM

Quote:

Originally Posted by kane (Post 19541824)
Same here. I read the wiki and a few other things and it seems like they are just randomly given out and created from thin air.

well still nobody explains how the mining process really works.

I don't think most people really understand it, otherwise, they would just explain how the process really works, and how looking for binary numbers is supposed to generate money on a virtual account and then transformed into real money.

bl4h 03-24-2013 12:33 PM

im so glad I didn't waste my time reading that lengthy pdf. Instead I ate potato chips

dyna mo 03-24-2013 12:34 PM

I dnt understand the tech. But I dont need to. Just like driving a car. I don't need to understand hw an internal combustion engine works so I can go to the store.

bl4h 03-24-2013 12:52 PM

Quote:

Originally Posted by dyna mo (Post 19543343)
I dnt understand the tech. But I dont need to. Just like driving a car. I don't need to understand hw an internal combustion engine works so I can go to the store.

exactly. this is something for people who dont know shit about economies

but fuck it theyre good for the economy

DBS.US 03-24-2013 08:14 PM

Cyprus Crisis Boosting Unique Currency, the Bitcoin
http://abcnews.go.com/Business/cypru...3#.UU_DdBxJ-bk

jscott 03-24-2013 08:31 PM

Love it or hate it, it's gaining value and making a lot of people a lot of money :thumbsup

mayabong 03-24-2013 08:37 PM

MT. GoX has 5000 applicaitons they are in the process of approving. I see higher prices in our future.

Deputy Chief Command 03-24-2013 08:51 PM

http://i.imgur.com/LhQrsX9.png

Quote:

Financial haven
Financial journalists and analysts have stipulated that there was a correlation between higher bitcoin usage in Spain and the 2012?2013 Cypriot financial crisis, through which bank deposit levies as high as 10% could have been placed on bank deposits; conceding that bitcoin is serving as a sort of financial haven for some European savers.[52][53] Nick Colas, a financial analyst, claimed a rally in the price of bitcoins was ?One hundred percent...due to Cyprus,? and that ?It means the Europeans are getting involved.?
In contrast, as of 2013, the use of bitcoin as a haven is limited for large amounts. As Colas also claims, ?Bitcoin is good if you want to make a deposit of between $1,000 and $10,000. But the liquidity is just not there in the system for multimillion dollar transactions...?[54]



not too sure now is a good time to jump in to bitcoin, looks like a bubble waiting to burst?

Deputy Chief Command 03-24-2013 08:55 PM


mayabong 03-24-2013 09:01 PM

Quote:

Originally Posted by Deputy Chief Command (Post 19543930)

That guy has a silver business. He has been making videos attacking bitcoin for the last few weeks for obvious reasons.

dyna mo 03-24-2013 09:05 PM

i don't really think it can be a ponzi scheme. there is no central distribution point, i can choose which exchange i exchange my bitcoins and i can buy and sell whenever i wish and the price is set based on demand.

Supz 03-24-2013 09:11 PM

Quote:

Originally Posted by mayabong (Post 19543934)
That guy has a silver business. He has been making videos attacking bitcoin for the last few weeks for obvious reasons.

We all understand you love bitcoins. But what the fuck does the silver business have to do with bitcoins. Do you think all the old school metal guys have any idea what the fuck a bitcoin is? :1orglaugh:1orglaugh:1orglaugh:1orglaugh

mayabong 03-24-2013 09:17 PM

Quote:

Originally Posted by Supz (Post 19543938)
We all understand you love bitcoins. But what the fuck does the silver business have to do with bitcoins. Do you think all the old school metal guys have any idea what the fuck a bitcoin is? :1orglaugh:1orglaugh:1orglaugh:1orglaugh

Uhh yeah. I'd say just about every metals person that follows the news. Most metals sites and youtube channels have given their opinion on bitcoins. The daily paul which is full of goldbugs always has a post or 2 about Bitcoin going. Max Kaiser is well known to silver and gold bugs and all he does is push bitcoin now.

The Silver and gold businesses see it as a threat, so they bash it.

Supz 03-24-2013 09:29 PM

Quote:

Originally Posted by mayabong (Post 19543944)
Uhh yeah. I'd say just about every metals person that follows the news. Most metals sites and youtube channels have given their opinion on bitcoins. The daily paul which is full of goldbugs always has a post or 2 about Bitcoin going. Max Kaiser is well known to silver and gold bugs and all he does is push bitcoin now.

The Silver and gold businesses see it as a threat, so they bash it.

My office is in the Diamond District in NY. I will make sure to ask some of the large gold buyers tomorrow if they know what bitcoins are. I will report back.

mayabong 03-24-2013 09:34 PM

Quote:

Originally Posted by Supz (Post 19543951)
My office is in the Diamond District in NY. I will make sure to ask some of the large gold buyers tomorrow if they know what bitcoins are. I will report back.

James Turk is well known in gold circles. He knows about them, but skeptical of course cause you can't hold it.


Supz 03-24-2013 09:57 PM

Quote:

Originally Posted by mayabong (Post 19543953)
James Turk is well known in gold circles. He knows about them, but skeptical of course cause you can't hold it.


How many bitcoins do you own?

Supz 03-24-2013 10:52 PM

100 bitcoins?

Deputy Chief Command 03-24-2013 10:53 PM

Quote:

Originally Posted by Supz (Post 19543999)
100 bitcoins?

99 bit coins and a profit aint one

Yngwie 03-24-2013 11:18 PM

I have 19872 btc

Dirty F 03-24-2013 11:37 PM

Quote:

Originally Posted by Yngwie (Post 19544016)
I have 19872 btc

http://api.ning.com/files/Xn6RV5Y50p...nKh4_/orly.jpg

Yngwie 03-24-2013 11:39 PM

Quote:

Originally Posted by Dirty F (Post 19544022)

nope, but with the $ amount that they're at I wish I did. I should have kept mining years ago when I first heard about it, but I mined for maybe 2 days then gave up and never looked back. Probably would have a lot of bit coins had I ran it every single day for the last few years. I would hope anyway. haha


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