50 internet imaginary coins

If i cash out my coin now will i get 220 imaginary dollars?

Oh I just found a screenshot from almost exactly 2 years ago.
600 bitcoins and $700 in cash in my account. With bitcoin price at around $5.

http://i.imgur.com/QXfE9Ekl.png

haha Bruce Wagner actually lost his coins cause he had them on "mybitcoin.com" when they got hacked.

I think he got a few back

1 narrow minded idiot.

I don't really know. The owner of mybitcoin was "Tom Williams" but there was some possible evidence that it was actually Bruce Wagner under a false identity. If that was the case, of course Bruce would say he fell victim to said "hack/scam" to cover his ass.

Up to $223 now...when's the bubble going to pop?

You will get 220 REAL dollars for 1 IMAGINARY coin :thumbsup
And all thanks to morons who decided to attribute real value to play money :)

I'd be ok with bit coin investors if they viewed it like any other traditional investment like stocks and bonds. But instead it seems to be mostly a bunch of clueless people that are just like OMG it's gonna up forever. Sure people are making money but at some point it will stabilize or crash and fucking burn and then there is going to be a bunch of sad poor people that probably lost their house already a few years ago too thinking that bubble would go up forever too

when $100k of bitcoins can be thrown on the market and there are buyers, it will take a while. Supply and demand are miles apart atm

http://i.imgur.com/cjI9ZaT.png

i wonder.

since dirty f's 1st thread on this, i've spent most of my time on it just learning as much as i can about it all, i thankfully set my accounts up back then and bought 3 btc which i sold ~2 weeks ago with the thinking that the price would fall & i will rebuy. but the dang price keeps going up!

so now i have my accounts funded with a bit of usd and plan to buy with that when the price drops. it has to drop right? :1orglaugh i mean the curve is almost (is?) completely vertical!!

Where is the best place to keep your BTCs or LTCs? I've been reading up on Electrum, would you recommend it? Or can anyone recommend something better?

is part of that due to mtgox stalling on approving increasing account transaction amounts? i.e., if all the people who wanted to cash out now could, would that be enough to cover demand?

Wow. Hope he still has them.

*vomit*

Ya never know. If you held them too long you may have lost them all. That's the risk with investing and gambling.

We're all morons really. Right?

to be absolutely completely safe, a paper wallet

https://blockchain.info/wallet/paper-tutorial

On your computer.

Well actually check this: https://en.bitcoin.it/wiki/Paper_wallet

as it would drive the price down like crazy, people who feel they had missed the train would jump on the oppertunity to buy bitcoins cheap.

rinse and repeat

The demand reminds me of Gold back in October 2008 when a lot of investors thought the global banking system was about to implode. People where paying crazy amounts above the spot price to get their hands on some physical gold

Just going by my gut feeling, Bruce nor his Boyfriend were smart enough to run something like that. (not programmers or anything) Weather they knew the guy involved might be another story.

it's odd you continue to trash this. like it or not, understand it or not, participate in it or not, it's on. it's happening, the results are being determined right now in real time. billions of dollars are being exchanged, corporations are eyeing it and planning out strategies on whether to embrace it or not based on how it goes.

this is a fantastic opportunity to not only watch a social experiment play out live, but to participate in it as well, support it, learn about it.

i had originally thought most around here would be truly slack-jawed at what is happening with this. this is a huge social experiment that makes facebook look like an elementary school playground.

Much appreciated! :pimp

someone just bought 73.55BTC @ 223.000
so there is enough demand

a logjam on all of this for me was figuring out how to keep my btc safe while reinvesting them- in order to feel safe, i need to offload any btc out of my online account, due to the current security issues, that makes it tough to buy more with the returns, so i now just calculate the cash equivalent when i cash out and then fund my dwolla account back with that amount.

dwolla is taking 5 days to clear funding, so i have to keep that delay in mind too.

Totally agree, I've read a lot about this thing in the past few weeks. I don't fully understand it but on the numerous threads I've read on different forums you have the haters and many keep saying that it's a Ponzi scheme and people are going to lose their life savings etc

Yet I think I've read in total about 2 individuals actually putting everything into this, most ordinary people are putting small amounts of money into this and seeing where it goes, if it crashes in value tomorrow the haters will have a field day, hence why Franck is saying he only has one coin IMO :winkwink: But you know what, I doubt most people getting involved in this are gonna lose their shirt.

Ironic really because we're living through a global depression right now and millions of people actually have lost everything, many of whom decided to be brainwashed by a housing boom created by investment bankers and actually invested every penny they had into that Ponzi Scheme.

a recently approved account?

5 Days! :disgust Is there anything faster?

speculating on btc in any amount is the ultimate "put your money where your mouth is" as opposed to btc detractors........

it ain;t purdy!


http://nymag.com/daily/intelligencer...a-bitcoin.html

Bitcoin = Get a grip on reality or shut the fuck up.

oh, and this would prolly be the best investment advices i've ever given::

if you are even slightly considering wasting some cash buying a bitcoin or 2, then just go ahead right now and set-up the accounts needed to do that and get those accounts funded with usd/etc. that way you can pull the trigger if you so choose and not have to go through the rigamorole of account set-up. if you decide to never buy a btc, you can send your ducats back to your bank account no problemo.

2btc

:1orglaugh

2btc? thats some costly advise :1orglaugh

maybe a nice wallpaper for the haters
http://i.imgur.com/UWIH3LM.jpg

erring on the side of caution is far from being narrow minded. This new hype kicking around can be construed as such though... Are you not aware of the difference?

:1orglaugh i'm glad someone got that! :1orglaugh:1orglaugh we need a btc smilie eh!

that's just flat out ignorant..

225 dollars now :)

the entire thing seems to be 100% speculation. it was originally tied to the cyprus issue but there's been no correlation now that people have looked a bit closer.

the news on btc trended down big time over the weekend.

something i read earlier pointed to an uptick in tweets at the same timescale as the increase in valuation. u.s. tweets specifically. and also google searches on bitcoin from russia have popped up on some other radars.

Unless they start pulling magic rabbits from their ass, it probably still will implode eventually. People are still trying to get their hands on lots of phyz, especially now that it has dropped a little.

I find it ironic that they use bubbles for that. Cool site though.

only i wish that when you clicked the bubbles, they would *pop*

lol, a blurb from the wiki on speculation:::

Speculation is often associated with economic bubbles. A bubble occurs when the price for an asset exceeds its intrinsic value by a significant margin.[7] Although not all bubbles occur because of speculation.[8] Speculative bubbles are characterized by rapid market expansion driven by word-of-mouth feedback loops as initial rises in asset price attract new buyers and generate further inflation.[9] The creation of the bubble is followed by a precipitous collapse fueled by the same phenomenon.[7][10] Speculative bubbles are essentially social epidemics whose contagion is mediated by the structure of the market.[10]


that would account for the uptick in tweets eh, word of mouth.

This is fiat bubble popping in slow motion.

you know what i think it is? it's guerilla marketing on a massive scale. think about what happened here...dirty f raised awareness and we're still all yapping about it 6 weeks later. now imagine how many dirty f's there are out there. not only that, but there's tons and tons of dirty f's that own 100+ btc, tons that own several hundred, etc. all of those people are yapping about it, putting crazy stories on reddit, etc.

guerilla marketing combined with personal ownership and word of mouth all about a brand new technology- cryptocurrency.

wow.

Agreed :)

I'd love to know what the actual price of gold would be today if it wasn't so heavily manipulated by the paper market, a LOT higher than what it is now would be my guess. I remember people where saying Gold was in a bubble as far back as 2006 and it kept going up and up and...

I'm only speculating but perhaps this is why Bitcoins are rising so quickly and continue to do so, it can't be manipulated the same way.

Who knows! Interesting to watch :)

Worth a read, just came out today: http://www.bloomberg.com/news/2013-0...e-bullion.html

More than a dozen states to recognize gold and silver coins as legal tender

poopcoin and bits