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

200 bitcoins

at this rate, the 100th bitcoin post will indeed be worth 200 bitcoins:thumbsup

Cryptography is erring on the side of caution.

Remove all withdraw limits and lets see what happens... :1orglaugh

OK .... I have a serious question ...
I have been spinning my wheels and banging my head for a couple hours now ..

How do I buy BTC or LTC with Paypal?
It seems the only way I can buy BTC or LTC is to pay with other "virtual currencies" ... the problem being, none of the virtual currencies accept Paypal .....

I do not feel good about sending WU to somebody I do not know ...

What am I missing here?

The issue is PayPal rules are arbitrary and a scammer is going to know how to use them to his advantage is both directions.

For example if a noob pays by gift using a PayPal account with a balance he likely is screwed.
So never pay by gift. I would also point out that too sending or receiving too many gift payments can get your account frozen or cause you to lose the ability to make gift payments.
This has nothing to do with "scams" and everything to do with the fact that PayPal doesn't get paid on gift payments.

Oh so if sending by gifts can be reversed, than receiving by gifts must be safe right?
No absolutely not. A scammer is going to be more than willing to pay by gift using:
a) a hacked/stolen PayPal Account -> auto reverse you lose
b) Claiming his account was hacked/stolen -> auto reverse you lose
c) a $0 balance PayPal account (where tx is funded in realtime by CC) -> charge back on CC -> reverse on PayPal you lose.

PayPal requires complete and absolute trust because it can be used to scam both ways. A scammer is going to know all the ins and outs and the sucker isn't. So even if it looks "safe" you probably can get burned.

Sadly no matter how many times this explained people seem to get scammed.

TL/DR:
Paying by gift to an untrusted persons = dangerous.
Accepting payment by gift from an untrsuted person = dangerous.

In short:
Reversible PayPal and non-reversable Bitcoin transactions can fail

I'm mining LTC right now, banking on it growing in a year or two like BTC did.

There's potential for HUGE returns if you got in early enough. Imagine mining them when it cost less than $1 in electricity to generate 50BTC, using just one core of your crappy CPU... that $1 investment would today be worth more than 10,000 times that.

How many coins a day are you getting?
Personally i don't see it happen with Litecoins but i could be totally wrong ofcourse.

its nice to visit these bitcoin fairy tale threads where people keep believing this bubble/ponzi/money launder shit will last :1orglaugh

sure thats how shit works...virtual money that increases value every week by 100% and it will last :1orglaugh:1orglaugh:1orglaugh

http://www.evolutionaryparenting.com...rying-baby.jpg

Don't be bitthurt man.

I'm seeing a lot more than 100% for next week.
https://twitter.com/maxkeiser/status/321897445422399488

beat me to it ^ Haha!

Came to post the same link..

congratulations to you for making money, I am happy for you...just saying that bubbles and ponzis do not last and I fear that the hurt will move in to your butt and set up camp soon...

sell now while you still can...

I'm not worried. I own 1 coin.

$250 :thumbsup

You think that 100% what you say is true? you talk like you know something, like you're certain.

Remember man, this is an online digital currency, and it's a first of it's kind. So comparing to previous schemes before is pretty wrong.

This is a currency that has been accepted for years and it's got backing from many things, from registrars to New York City bars, to $2bn USD invested in it (and growing rapidly)

I invested a little in it.... but sure I am aware the risk, maybe someday it could crumble (though I personally do not think so).

Can you stop typing and think first? Now can you imagine, even just a small % chance that this is a real thing? Think about it for a while, read about it, then surely you'll accept the reality of it.

People can bash it, but look through and see who's bashing it, usually it's those people that found out about the bitcoins when it was already too late and too expensive and "too risky" to invest. Biased people :)

sorry if I missed it if you posted already, but did you simply purchase 1 single coin, or did you mine that yourself?

A friend told me about bitcoins when they were around $6 a share. I did't buy - because I got burnt before, redhat got in at $80 went up to $320 in dot com days, didn't sell, and held on, and it went bust.

Yikes

Bump!