Page 3 of 3 FirstFirst 123
Results 61 to 89 of 89

Thread: The Bitcoin Run Has Started

  1. #61
    Quote Originally Posted by jclay2 View Post
    And here is the problem with your bitcoin. You think that owning some fictitious made up scheme of 1's and 0's and getting in early will make you immensly wealthy in the future. Basically transferring the wealth of other individuals in the world to yourselves for nothing. Whatever happened to hardwork? Seems as if everyone in bitcoins is looking for price appreciation and not a stable store of wealth for their hard work.
    Some people are trying to flee from the inflationary and uncertain aspects of fiat currencies. People in Cyprus might have benefited by simply preserving their money's value with Bitcoins, regardless of any possible capital gains.
    Last edited by anaconda; 03-31-2013 at 06:57 PM.



  2. Remove this section of ads by registering.
  3. #62
    I'm still kind of kicking myself for not figuring all this out when I first looked into the whole wallet thing when BTCs were around $12.
    Is there the possibility to by fractions of a BTC yet? Say I had a finite amount of fed notes that did not equal whole numbers of BTC's.. can one buy say 4.25 bitcoins?
    Disclaimer: any post made after midnight and before 8AM is made before the coffee dip stick has come up to optomim level - expect some level of silliness,

    The problems we face today exist because the people who work for a living are out numbered by those who vote for a living !!!!!!!

  4. #63
    Quote Originally Posted by opal View Post
    I'm still kind of kicking myself for not figuring all this out when I first looked into the whole wallet thing when BTCs were around $12.
    Is there the possibility to by fractions of a BTC yet? Say I had a finite amount of fed notes that did not equal whole numbers of BTC's.. can one buy say 4.25 bitcoins?
    Yes, pretty much any of the exchanges will do that.
    Coinbase.com or mtgox.com for example

  5. #64
    Quote Originally Posted by ninepointfive View Post
    people trade bitcoins for real goods.
    They do? Are there any examples of this? I was wondering if people actually utilized this as currency or if they just speculated on it by buying it and storing it.
    I'm an adventurer, writer and bitcoin market analyst.

    Buy my book for $11.49 (reduced):

    Website: http://www.grandtstories.com/

    Twitter: https://twitter.com/LeviGrandt

    Facebook page: https://www.facebook.com/grandtstori...homepage_panel

    BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG



  6. Remove this section of ads by registering.
  7. #65
    Quote Originally Posted by Original_Intent View Post
    I could see bitcoins being the tulip bulbs of this millennium...

    "Yeah, a bunch of people invested in imaginary money that was created out of thin air....and also bitcoins!"
    I can't see something as revolutionary as a completely digital currency crashing like a commodity that's in a speculation bubble.
    I'm an adventurer, writer and bitcoin market analyst.

    Buy my book for $11.49 (reduced):

    Website: http://www.grandtstories.com/

    Twitter: https://twitter.com/LeviGrandt

    Facebook page: https://www.facebook.com/grandtstori...homepage_panel

    BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG

  8. #66
    Quote Originally Posted by PaulConventionWV View Post
    They do? Are there any examples of this? I was wondering if people actually utilized this as currency or if they just speculated on it by buying it and storing it.
    https://en.bitcoin.it/wiki/Trade
    http://www.bitmit.net/en/
    Last edited by evilfunnystuff; 03-31-2013 at 08:26 PM.
    Quote Originally Posted by acptulsa
    Liberty works best not because liberty is without responsibility, but because responsibility is part of the deal. Capitalism works best not because capitalists love us and want us to be happy, but because the more government you have, the more government they can buy, and if they have no government to buy then all they can do instead is compete--compete to serve us better.
    Quote Originally Posted by Ron Paul
    (╯°□°)╯︵ ʇɔɐ ʇoıɹʇɐd
    I heart BTC! - 1AesnP1c7wyjzJhaKZajkixo9tthZRQzjB

  9. #67
    Quote Originally Posted by PaulConventionWV View Post
    I can't see something as revolutionary as a completely digital currency crashing like a commodity that's in a speculation bubble.
    What goes up...
    The last major correction was ~ -93.5%
    No one here wanted to be the Billionaire.

  10. #68
    Caveat Emptor...

    Bitcoin and other digital currencies are different -- they're just a string of bits. To validate a coin, therefore, I must know that the one you are presenting to me is unique, that it wasn't just made up by you at random but in fact is a valid coin (you were either transferred it and the chain is intact or you personally "mined" it, a computationally-expensive thing to do), and has not been spent by you somewhere else first.

    In order to do this the system that implements the currency must maintain and expose a full and complete record of each and every transfer from the origin of that particular coin forward!

    This is the only way I can know that nobody else was presented the same token before I was, and that the last transfer made of that token was to you. I must know with certainty that both of these conditions are true, and then to be able to spend that coin I must make the fact that I hold it and you transferred it to me known to everyone as well.

    Now consider the typical clandestine transaction -- Joe wishes to buy a bag of pot, which happens to be illegal to transact. He has Bitcoins to buy the pot with. He finds a dealer willing to sell the pot despite it being illegal to do so, and transfers the coins to the dealer. The dealer must verify the block chain of the coins to insure that he is not being given coins that were already spent on gasoline or that Joe didn't counterfeit them, and then he transfers the pot to Joe. There is now an indelible and permanent record of the transfer of funds and that record will never go away.

    This creates several problems for both Joe and the dealer. The dealer can (and might) take steps such as using "throw-away" wallets to try to unlink the transfer from his person, but that's dangerous. In all jurisdictions "structuring" transactions to evade money laundering or reporting constraints is a separate and unique crime and usually is a felony. Therefore, the very act of trying to split up transactions or use of "throw-away" wallets in and of itself is likely to be ruled a crime, leaving any party doing that exposed to separate and distinct criminal charges (along with whatever else they can bust you for.)
    http://www.market-ticker.org/akcs-www?post=219284



    What it needs is a small region like Somalia to move to bitcoin and have a company or two start paying employees in bitcoin with a cashless payment system.

    Then anyone could trace any transaction made to anyone. Ever.

    Bitcoin, the ultimate end of privacy in transactions.
    Last edited by idiom; 03-31-2013 at 09:16 PM.
    In New Zealand:
    The Coastguard is a Charity
    Air Traffic Control is a private company run on user fees
    The DMV is a private non-profit
    Rescue helicopters and ambulances are operated by charities and are plastered with corporate logos
    The agriculture industry has zero subsidies
    5% of the national vote, gets you 5 seats in Parliament
    A tax return has 4 fields
    Business licenses aren't a thing
    Prostitution is legal
    We have a constitutional right to refuse any type of medical care

  11. #69
    Quote Originally Posted by idiom View Post
    Caveat Emptor...



    http://www.market-ticker.org/akcs-www?post=219284



    What it needs is a small region like Somalia to move to bitcoin and have a company or two start paying employees in bitcoin with a cashless payment system.

    That would be ok, but money-laundering involved with piracy is a very big problem there, and that could easily be some more bad PR.

  12. #70
    So I have a question... I bought about 6.5 BTC yesterday, and blockchain.info said BTC was at about 93.5 USD/BTC. I get home from Walmart, and at the same approximate price, my BTC were only worth $601. Now, at almost $99/BTC, my stash is worth about what I bought it for, which is $650. Was there a spike in value that I didn't know about while I was at WalMart? I feel cheated out of the recent $8 rise. My BTC stash seems to have chopped $50 off the price I bought them for.
    I'm an adventurer, writer and bitcoin market analyst.

    Buy my book for $11.49 (reduced):

    Website: http://www.grandtstories.com/

    Twitter: https://twitter.com/LeviGrandt

    Facebook page: https://www.facebook.com/grandtstori...homepage_panel

    BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG

  13. #71
    Quote Originally Posted by PaulConventionWV View Post
    So I have a question... I bought about 6.5 BTC yesterday, and blockchain.info said BTC was at about 93.5 USD/BTC. I get home from Walmart, and at the same approximate price, my BTC were only worth $601. Now, at almost $99/BTC, my stash is worth about what I bought it for, which is $650. Was there a spike in value that I didn't know about while I was at WalMart? I feel cheated out of the recent $8 rise. My BTC stash seems to have chopped $50 off the price I bought them for.

    i would guess slippage?

  14. #72
    btw, I see 2 very large block for sale at 99.99 and 100 USD. Represents over 500k. If the thing breaks thru 100 this week, or even today...



  15. Remove this section of ads by registering.
  16. #73
    Quote Originally Posted by newbitech View Post
    i would guess slippage?
    What do you mean? Where did my $50 go? I'm not demanding, I'm asking.
    I'm an adventurer, writer and bitcoin market analyst.

    Buy my book for $11.49 (reduced):

    Website: http://www.grandtstories.com/

    Twitter: https://twitter.com/LeviGrandt

    Facebook page: https://www.facebook.com/grandtstori...homepage_panel

    BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG

  17. #74
    Quote Originally Posted by newbitech View Post
    btw, I see 2 very large block for sale at 99.99 and 100 USD. Represents over 500k. If the thing breaks thru 100 this week, or even today...
    Then what? It's on the cusp right now.
    I'm an adventurer, writer and bitcoin market analyst.

    Buy my book for $11.49 (reduced):

    Website: http://www.grandtstories.com/

    Twitter: https://twitter.com/LeviGrandt

    Facebook page: https://www.facebook.com/grandtstori...homepage_panel

    BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG

  18. #75
    Quote Originally Posted by PaulConventionWV View Post
    Then what? It's on the cusp right now.
    it would be a key psychological break thru. The nature of BTC I believe is the sliding decimal, its a key characteristic. The next psychological number I think would be 1000...

  19. #76
    wow and there it goes!!! something like 800k was just used to buy up btc in about 10 seconds! that was awesome!

  20. #77
    another 100k worth and it breaks out.

  21. #78
    At this rate, $/bitcoin could hit 10000 by next year. $ 200, at a minimum seems like a done deal.

    /endsarc

  22. #79
    Quote Originally Posted by PaulConventionWV View Post
    What do you mean? Where did my $50 go? I'm not demanding, I'm asking.
    Depending on who you bought from, you may have lost some of it in fee's. Bit instant and MtGox took around 10 bucks from my original deposit.
    Never in the history of America have individuals come out to support a candidate like this. with so many of us willing to spend every dime to our name, donate every hour we can spare, and brave literally hell to vote for him. .

  23. #80
    Quote Originally Posted by opal View Post
    I'm still kind of kicking myself for not figuring all this out when I first looked into the whole wallet thing when BTCs were around $12.
    Is there the possibility to by fractions of a BTC yet? Say I had a finite amount of fed notes that did not equal whole numbers of BTC's.. can one buy say 4.25 bitcoins?
    They are divisible to 8 decimal places.
    I'm an adventurer, writer and bitcoin market analyst.

    Buy my book for $11.49 (reduced):

    Website: http://www.grandtstories.com/

    Twitter: https://twitter.com/LeviGrandt

    Facebook page: https://www.facebook.com/grandtstori...homepage_panel

    BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG



  24. Remove this section of ads by registering.
  25. #81
    Quote Originally Posted by Cshelton21 View Post
    Depending on who you bought from, you may have lost some of it in fee's. Bit instant and MtGox took around 10 bucks from my original deposit.
    Well, there was 7.90 added to the original price for ZipZap fees, but other than that, I don't see where it went. I'm just a little confused about that. At this rate, though, I'm making a profit either way. We'll see how far it goes.
    I'm an adventurer, writer and bitcoin market analyst.

    Buy my book for $11.49 (reduced):

    Website: http://www.grandtstories.com/

    Twitter: https://twitter.com/LeviGrandt

    Facebook page: https://www.facebook.com/grandtstori...homepage_panel

    BTC: 1NiSc21Yrv6CRANhg1DTb1EUBVax1ZtqvG

  26. #82
    should i buy in guys? its at 102 right now

  27. #83
    Quote Originally Posted by Lightweis View Post
    should i buy in guys? its at 102 right now
    are you holding? or swinging, cause you missed the swing this morning.

  28. #84
    Quote Originally Posted by newbitech View Post
    are you holding? or swinging, cause you missed the swing this morning.
    I haven't done anything yet. I want to get involved!

  29. #85
    Quote Originally Posted by PaulConventionWV View Post
    Well, there was 7.90 added to the original price for ZipZap fees, but other than that, I don't see where it went. I'm just a little confused about that. At this rate, though, I'm making a profit either way. We'll see how far it goes.
    4% to bitinstant $3.xx to zipzap and .6% to mtgox?
    Quote Originally Posted by acptulsa
    Liberty works best not because liberty is without responsibility, but because responsibility is part of the deal. Capitalism works best not because capitalists love us and want us to be happy, but because the more government you have, the more government they can buy, and if they have no government to buy then all they can do instead is compete--compete to serve us better.
    Quote Originally Posted by Ron Paul
    (╯°□°)╯︵ ʇɔɐ ʇoıɹʇɐd
    I heart BTC! - 1AesnP1c7wyjzJhaKZajkixo9tthZRQzjB

  30. #86

  31. #87
    Quote Originally Posted by Lightweis View Post
    should i buy in guys? its at 102 right now
    If I had more cash rigjt now I'd probly grab somemore, it might drop a little though but I, d probly just buy now.
    Quote Originally Posted by acptulsa
    Liberty works best not because liberty is without responsibility, but because responsibility is part of the deal. Capitalism works best not because capitalists love us and want us to be happy, but because the more government you have, the more government they can buy, and if they have no government to buy then all they can do instead is compete--compete to serve us better.
    Quote Originally Posted by Ron Paul
    (╯°□°)╯︵ ʇɔɐ ʇoıɹʇɐd
    I heart BTC! - 1AesnP1c7wyjzJhaKZajkixo9tthZRQzjB

  32. #88
    Quote Originally Posted by Lightweis View Post
    should i buy in guys? its at 102 right now

    147 this afternoon. That's almost 50% on your money in two days if you were playing ball!

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

    Awareness is the Root of Liberation Revolution is Action upon Revelation

    'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3

    Flectere si nequeo superos, Acheronta movebo.

    ...the familiar ritual of institutional self-absolution...
    ...for protecting them, by mock trial, from punishment...




  33. Remove this section of ads by registering.
  34. #89

Page 3 of 3 FirstFirst 123


Similar Threads

  1. Have Banks Started to Lose Sleep Over Bitcoin?
    By muh_roads in forum Bitcoin / Cryptocurrencies
    Replies: 1
    Last Post: 04-18-2015, 11:43 PM
  2. Anti-Theft Bitcoin Tracking Proposals Divide Bitcoin Community
    By muh_roads in forum Bitcoin / Cryptocurrencies
    Replies: 7
    Last Post: 11-17-2013, 02:38 PM
  3. Video & audio: Bitcoin Nonprofits Panel at the 2013 Bitcoin Conference
    By Keith and stuff in forum Bitcoin / Cryptocurrencies
    Replies: 0
    Last Post: 05-23-2013, 05:40 PM
  4. Replies: 3
    Last Post: 04-11-2013, 01:56 PM
  5. The Bitcoin Run Has Started
    By presence in forum Economy & Markets
    Replies: 87
    Last Post: 04-03-2013, 02:32 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •