• BITCOIN: To the moon! Value breaks $500, expected to continue to rise!
    374 replies, posted
[QUOTE=postmanX3;42900071]i literally don't even understand where this value is coming from, what can you even fucking purchase with bitcoins? silkroad went offline like a month and a half ago, what are people still doing with these things this is the biggest fucking bubble ever, it's going to be hilarious when it hits single-digit dollar values again[/QUOTE] Servers, VPNs, Proxies, you can get a ton of shit that would be nice with 'anonymity', I've also used it to donate to various organizations that accept bitcoin donations. [editline]17th November 2013[/editline] Also, holy FUCK MtGOX is at 588!
[QUOTE=glitchvid;42900312] Also, holy FUCK MtGOX is at 588![/QUOTE] YEAH IVE BEEN FREAKING OUT THE PAST FUCKING HOUR LOOK AT THIS SHIT: [url]http://bitcoinity.org/markets/mtgox/USD[/url] Fuck it im buying, Im pretty sure I know whats going to happen tomorrow so
I don't know what the fuck to do. Should I buy, should I sell. goddamn. Also, I'm using [url]http://markets.blockchain.info/[/url]
I wish I was in the position to be able to even afford 1BTC whenever next dip happens. I doubt I'd make much of a profit unless they see mainstream usage.
Mah Automerge, I'm selling.
[img_thumb]http://gyazo.com/9d79ecf860ff743e37312d97d47c9b6a.png[/img_thumb] [img_thumb]http://gyazo.com/d810454d4afdcd056e1b0f207492c9dd.png[/img_thumb]
My gypsy shamans told me Bitcoins would fall.
Waiting for the plumet
over the past few years every single time i've seen bitcoins in SH it's always been because the price has risen to some new unprecedented extreme, at which point i thought "yeah i should have bought earlier, but now it's too late, it's going to crash soon" 3 or so years this has been happening and the price has increased by ~20 times and it still continues to rise and i'm [I]still[/I] convincing myself not to buy next thing you know i'll be browsing SH and i'll see a thread saying "bitcoins have broken $10,000 apiece!" and i'll be thinking wow i could've even bought at 500
600 on MtGox, I think it's about to pop.
Broke 600. Congrats everyone!!! [IMG]http://puu.sh/5lT29.PNG[/IMG]
[QUOTE=postmanX3;42900071]i literally don't even understand where this value is coming from, what can you even fucking purchase with bitcoins? silkroad went offline like a month and a half ago, what are people still doing with these things this is the biggest fucking bubble ever, it's going to be hilarious when it hits single-digit dollar values again[/QUOTE] There are lots of anonymous exchanges, there isn't just silkroad.
[QUOTE=postmanX3;42900071]i literally don't even understand where this value is coming from, what can you even fucking purchase with bitcoins? silkroad went offline like a month and a half ago, what are people still doing with these things this is the biggest fucking bubble ever, it's going to be hilarious when it hits single-digit dollar values again[/QUOTE] Bitter much?
[QUOTE=glitchvid;42900471]600 on MtGox, I think it's about to pop.[/QUOTE] I'm honestly doubting this is even going to happen anymore. I've been following this quite closely and every time it falls considerably it picks up again quite quickly. There are tons of people waiting for any type crash so they can buy, so we get a lot of mini-crashes but no big one. I don't know what would cause a big crash to happen anymore at this point... (I don't know anything about this subject, just stating my observations that are probably totally wrong!)
[QUOTE=adnzzzzZ;42900532]I'm honestly doubting this is even going to happen anymore. I've been following this quite closely and every time it falls considerably it picks up again quite quickly. There are tons of people waiting for any type crash so they can buy, so we get a lot of mini-crashes but no big one. I don't know what would cause a big crash to happen anymore at this point... (I don't know anything about this subject, just stating my observations that are probably totally wrong!)[/QUOTE] Someone with a lot of Bitcoins is going to sell, then someone with a lot of cash is going to buy, it's going to go downhill (not by a lot, but certainly a noticeable amount).
[QUOTE=adnzzzzZ;42900532]I'm honestly doubting this is even going to happen anymore. I've been following this quite closely and every time it falls considerably it picks up again quite quickly. There are tons of people waiting for any type crash so they can buy, so we get a lot of mini-crashes but no big one. I don't know what would cause a big crash to happen anymore at this point... (I don't know anything about this subject, just stating my observations that are probably totally wrong!)[/QUOTE] It's got a hard limit when it reaches the maximum number of people willing to buy and sell bitcoins on the internet.
[QUOTE=postmanX3;42900071]i literally don't even understand where this value is coming from, what can you even fucking purchase with bitcoins? silkroad went offline like a month and a half ago, what are people still doing with these things this is the biggest fucking bubble ever, it's going to be hilarious when it hits single-digit dollar values again[/QUOTE] there is little value. the price is rising because btc is a fucking atrocious currency that creates incentive for hoarding instead of spending and more people start buying btc, driving up demand. this is a fucking ponzi scheme. you guys better not be holding onto any bitcoins when this unsustainable growth eventually takes a shit. [editline]18th November 2013[/editline] [QUOTE=adnzzzzZ;42900532]I'm honestly doubting this is even going to happen anymore. I've been following this quite closely and every time it falls considerably it picks up again quite quickly. There are tons of people waiting for any type crash so they can buy, so we get a lot of mini-crashes but no big one. I don't know what would cause a big crash to happen anymore at this point... (I don't know anything about this subject, just stating my observations that are probably totally wrong!)[/QUOTE] eventually it has to crash. i'm not saying it will crash soon, but it HAS to crash. eventually people are going to realize they are holding onto monopoly money, try to sell, and everyone will be out of money.
[QUOTE=yawmwen;42900566]there is little value. the price is rising because btc is a fucking atrocious currency that creates incentive for hoarding instead of spending and more people start buying btc, driving up demand. this is a fucking ponzi scheme. you guys better not be holding onto any bitcoins when this unsustainable growth eventually takes a shit. [editline]18th November 2013[/editline] eventually it has to crash. i'm not saying it will crash soon, but it HAS to crash. eventually people are going to realize they are holding onto monopoly money, try to sell, and everyone will be out of money.[/QUOTE] Give me a while but I'll find a quote by I believe Rockefeller saying Something along those lines about the actual stock market.
I really have to wonder who the fuck is buying bitcoins for these prices, the uses that come with bitcoins don't seem worth it.
Just dropped to $542.
[QUOTE=TylerWindings;42900617]Give me a while but I'll find a quote by I believe Rockefeller saying Something along those lines about the actual stock market.[/QUOTE] The difference is that Joint Stock Companies actually produce things people want, generate a profit by it, and thus account for the increase in share price. Paying out dividends also encourages the price to rise. With bitcoins however, there are no dividends or companies making profits, it's just building value from people throwing money at it.
[QUOTE=TylerWindings;42900617]Give me a while but I'll find a quote by I believe Rockefeller saying Something along those lines about the actual stock market.[/QUOTE] the actual stock market served a purpose at least. when you invest in btc you aren't investing in jack shit except some fucking monopoly money. currencies need to be stable and reliable to be valuable. btc would be a good currency if it wasn't so pants on head fucking stupid and also it didn't shoot up or down in price by sometimes hundreds of dollars every couple hours. why the hell would i want to buy anything with btc when it inflates like this?
This is bitcoin: [media]http://www.youtube.com/watch?v=h8YOtURQgPI[/media]
[QUOTE=Sobotnik;42900632]The difference is that Joint Stock Companies actually produce things people want, generate a profit by it, and thus account for the increase in share price. Paying out dividends also encourages the price to rise. With bitcoins however, there are no dividends or companies making profits, it's just building value from people throwing money at it.[/QUOTE] and eventually people are going to stop being stupid enough to throw money at it and it's going to crash. and that's the day i'm going to buy some fucking btc because then i will be able to use it for its (supposed) intended purpose.
[QUOTE=Widgeon;42900477]Broke 600. Congrats everyone!!! [IMG]http://puu.sh/5lT29.PNG[/IMG][/QUOTE] Yeah, on MtGox i.e: the exchange $40 higher than all the others because no-one can withdraw money from it so they just sink more and more into it so the number goes higher. [editline]18th November 2013[/editline] Fun fact: since MtGox got pinged for acting as an exchange illegally it can only transact a maximum of $10k a month, not per person, thats a max $10K per month (which is about 18 bitcoins worth of cash at the current rate) The waiting time to get any money out is 22 months or something currency of the future
[QUOTE=Lonestriper;42900656] currency of the future[/QUOTE] But it's totally normal for a currency to shift by $200 USD within two days.
[QUOTE=Lonestriper;42900656]Yeah, on MtGox i.e: the exchange $40 higher than all the others because no-one can withdraw money from it so they just sink more and more into it so the number goes higher. [editline]18th November 2013[/editline] Fun fact: since MtGox got pinged for acting as an exchange illegally it can only transact a maximum of $10k a month, not per person, thats a max $10K per month (which is about 18 bitcoins worth of cash at the current rate) The waiting time to get any money out is 22 months or something currency of the future[/QUOTE] Thats why anyone who is smart will tell you to STAY THE FUCK AWAY FROM MTGOX. Its a terrible service, the only reason why its nice for the price is because its been there a long time and is a good estimator of current price trends and fluctuations. I personally use coinbase.com because its INSTANT buying/selling (and yes I mean instant after level 2 verification) and to verify isn't hard at all.
How much ID did you have to give them?
[QUOTE=junker154;42900056]The funny thing is that To The Moon is a shit game.[/QUOTE] How dare you
[QUOTE=OrkO;42900460]over the past few years every single time i've seen bitcoins in SH it's always been because the price has risen to some new unprecedented extreme, at which point i thought "yeah i should have bought earlier, but now it's too late, it's going to crash soon" 3 or so years this has been happening and the price has increased by ~20 times and it still continues to rise and i'm [I]still[/I] convincing myself not to buy next thing you know i'll be browsing SH and i'll see a thread saying "bitcoins have broken $10,000 apiece!" and i'll be thinking wow i could've even bought at 500[/QUOTE] What you're describing is called being practical. Taking a gamble is always like this, and opting out is the most practical thing you can do.
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