• BITCOIN: To the moon! Value breaks $500, expected to continue to rise!
    374 replies, posted
I still can't take this online currency thing seriously. Are there actually any "legit" stores that accept bitcoins (apart from Humble Bundle and Silkroad)?
[QUOTE=Spirit_Breaker;42912834]I still can't take this online currency thing seriously. Are there actually any "legit" stores that accept bitcoins (apart from Humble Bundle and Silkroad)?[/QUOTE] yes there are, UFG.
It's down to 512$ right now, will people panic buy?
i saw $380 a bit ago on btc-e lol now its back up to 600 doe or well it was when i posted 2 minutes ago
Question, does it sell immediately when you give the sell order, and vice versa with buy order? What is all the fuss with waiting for mtgox for a few days to give your money?
[video=youtube;JmZBOY6Mczk]http://www.youtube.com/watch?v=JmZBOY6Mczk&hd=1[/video]
heh while all you fools argue about petty "buttcoins" ill be over here making trillions with memecoins [url]http://memecoin.org/[/url]
[QUOTE=Spirit_Breaker;42912834]I still can't take this online currency thing seriously. Are there actually any "legit" stores that accept bitcoins (apart from Humble Bundle and Silkroad)?[/QUOTE] There's an obscure coffee shop in Vancouver, Canada that accepts them, that's pretty major
573... Woke up to a daily low. It will bubble again, just not as much... IDK this is quite interesting... I wish I could buy and sell instantly right now...
Even if i wanted to buy bitcoins i wouldnt because it would take days to find out how and what sites to use and whatnot. Besides, bitcoin is praised for beying untrackable and anonymous, and yet you have to share your wallet with the site where you buy your coins lol its ridiculous. The way i see it the only reason people put $ into bitcoins if because they want to sell for a profit, and not to use the coins like you would use $ in the real world. The proof to the futility of bitcoin is that the only way to get a considerable ammount of them(and not 0.0000001 that you get from mining) is to buy with real $. And besides, I can see how authorities can shut it up at any moment, along with all other altcoins.They don't have a contract with the authorities(government) like your banks or other financial businessses have. So they can be rendered illegal anytime now and be closed by fbi like they closed that drug market site silkroad.
Only reason why I like bitcoins is it's a digital wallet. Paypal is utter trash. I'd like a way to transfer money easily without involving banks, digitally. If I want to sell something online, I have to rely on paypal, which again, is utter trash. Bitcoins fluctuate way too rapidly to be reliable at all. Unfortunately, people are mainly using bitcoins as investment.
Imagine if everyone used money as an investment IRL. People hoarding bitcoin forget the fact that a currency's sole purpose is to facilitate trade. Better said, by using money, you get the commodities you want with the least ammount of hastle, least ammount of time wasted. You forget the fact that time is precious and depending on your abilities and skills your time can be worth alot of money. Sticking your eyeballs to a computer screen looking at an opportunity to buy or sell bitcoins, knowing that everyone is in the sistem for the same proffit motive is naive and wastefull of your time and resources. Bitcoin fails to deliver its prommise of no fees on transaction in case you use an intermediary, wich is what the majority of people do. And even if you don't use an intermediary and there is no fee(say, gifting your friend), the monthly fluctuations of hundreds of dollars per bitcoin makes you wish you'd rather pay a 2$ fee for a 300$ transaction on paypal. Besides, they're entitled to that 2$ fee because they have people employed that need to put food on the table, and their company saves you alot of time and hustle... Every time you'd use bitcoin you would have to check the market value and then bargain with the buyer/seller. Wasted time. No point in saying that in case you actually want to use the bitcoins for what they are supposed to mean(as currency) you'd have to spend days finding shops vendors because it's so unpopular and 99,999% of the world still uses paper money. I don't see why bitcoiners are so mad at real currencies and banks.
[QUOTE=godfatherk;42914453]Imagine if everyone used money as an investment IRL. People hoarding bitcoin forget the fact that a currency's sole purpose is to facilitate trade. Better said, by using money, you get the commodities you want with the least ammount of hastle, least ammount of time wasted. You forget the fact that time is precious and depending on your abilities and skills your time can be worth alot of money. Sticking your eyeballs to a computer screen looking at an opportunity to buy or sell bitcoins, knowing that everyone is in the sistem for the same proffit motive is naive and wastefull of your time and resources. Bitcoin fails to deliver its prommise of no fees on transaction in case you use an intermediary, wich is what the majority of people do. And even if you don't use an intermediary and there is no fee(say, gifting your friend), the monthly fluctuations of hundreds of dollars per bitcoin makes you wish you'd rather pay a 2$ fee for a 300$ transaction on paypal. Besides, they're entitled to that 2$ fee because they have people employed that need to put food on the table, and their company saves you alot of time and hustle... Every time you'd use bitcoin you would have to check the market value and then bargain with the buyer/seller. Wasted time. No point in saying that in case you actually want to use the bitcoins for what they are supposed to mean(as currency) you'd have to spend days finding shops vendors because it's so unpopular and 99,999% of the world still uses paper money. I don't see why bitcoiners are so mad at real currencies and banks.[/QUOTE] Yeah I agree with everything you said really. People in general are mad at banks because of irresponsible spending over the last 3 decades. People are mad at fiat currencies because of government's huge debts (17trillion + in the USA).
I dunno I wish the bit coin project would be used like it should be.but everyone who's using it for their personal gains are actually acting in the same way like those people you criticise. I'm 100% sure that its not bitcoin s sistem, banking sistem fault but more rather than the innate way in which humans act. And everyone gets greedy if circumstances allow it, be it on bit coin stock market or government. That is why capitalism flourishes and cmunism fails. I wish I could say here with optimism that this currency or that / that belief sistem/ that way of governing will cure society's diseases. But that's hardly the case, and bit coin is a strong evidence of a promicing idea getting corrupted in any means possible.
FUCK. I should have bought bitcoins a long time ago, or at least keeping them instead of selling at $150. I really need the money! [editline]19th November 2013[/editline] Also I lost a full bitcoin a year or two ago that I mined when GPU mining was pretty easy, I reinstalled windows and accidentally wiped my wallet with a full bitcoin in it.. I'd be swimming in money right now.
-snip i'm late-
Oh my fucking god, I can not believe I just recovered the wallet somehow... I found a REALLY old wallet file in the nethers of my secondary hard drive, uploaded the wallet.dat file to blockchain. I had fucking 1.13BTC. Just sold it on coinbase for $703. Holy shit I can't think
[QUOTE=tristanguy2;42916033]Oh my fucking god, I can not believe I just recovered the wallet somehow... I found a REALLY old wallet file in the nethers of my secondary hard drive, uploaded the wallet.dat file to blockchain. I had fucking 1.13BTC. Just sold it on coinbase for $703. Holy shit I can't think[/QUOTE] holy shit i lost a wallet with 10 or so bitcoins in on my laptop that died a couple years back, time to hunt
It is such a great feeling to have bought at $350
[QUOTE=tristanguy2;42916033]Oh my fucking god, I can not believe I just recovered the wallet somehow... I found a REALLY old wallet file in the nethers of my secondary hard drive, uploaded the wallet.dat file to blockchain. I had fucking 1.13BTC. Just sold it on coinbase for $703. Holy shit I can't think[/QUOTE] Watch as the price jumps to 3 times what you sold it for.
Is [url]https://bitbargain.co.uk[/url] any good for trading bitcoins in the UK? if not where would you guys suggest?
[IMG]http://i.imgur.com/C6dHcTH.png[/IMG]
[QUOTE=meppers;42919684][IMG]http://i.imgur.com/C6dHcTH.png[/IMG][/QUOTE] This is being posted every time bitcoin shoots up. I still remember it from 2 years ago.
Well yeah, because every time bitcoin shoots up it is in bubble form
related: [url]http://youtu.be/DjvPRWJNDzY?t=41m14s[/url]
[QUOTE=godfatherk;42920352]related: [url]http://youtu.be/DjvPRWJNDzY?t=41m14s[/url][/QUOTE] And here I am reading up on some stuff so I can write a bot to do this shit. At least I won't be speculating on anything that has real correspondences and consequences (as important as oil) in the world. : p
[QUOTE=ASIC;42917818]Watch as the price jumps to 3 times what you sold it for.[/QUOTE] You very well could be correct, but as I was digging for my lost wallet the price was dripping. I'm happy with $700 and didn't want to risk the bubble popping.
[t]http://i.imgur.com/jh7tjxm.png[/t] And so the panic selling begins. AKA: [media]http://www.youtube.com/watch?v=09s-c2JVI40[/media]
Whenever the market gets to $512 someone buys ~130 BTC at $585 to prop it back up. How kind of them
omg crash already
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