$500 investment in 2011 and you are set. for. life.
― fuiud, mac (rip van wanko), Friday, 8 December 2017 16:50 (six years ago) link
frogbs, if you ever make it out my way, I have to buy you a beverage.
I'd take you up on that but I'm afraid your fiat currency will be no good by the time this happens
― frogbs, Friday, 8 December 2017 16:51 (six years ago) link
omg at "Bubbles are mathematically impossible in this new paradigm"
― Chocolate-covered gummy bears? Not ruling those lil' guys out. (ulysses), Friday, 8 December 2017 18:34 (six years ago) link
someone has to sell at some point
― Moodles, Friday, 8 December 2017 19:41 (six years ago) link
self serving nonsense
― fuiud, mac (rip van wanko), Friday, 8 December 2017 20:20 (six years ago) link
The thing is that if I had bought at $10 I would have certainly sold when it hit $100. And if i had bought at $100 I would have sold at $1000. And so on. So I’d still be feeling the same feeling of missing the boat because I wouldn’t have held until now on that original $10 price point. Because It doesn’t hold any real value aside from purchasing power on the black market, which is now being subsumed by Monero I assume. So it’s a speculative bubble and when it reaches this level of media saturation and patents start asking about it, just like Facebook 10 years ago, a backlash is inevitable. Not to mention the choice between storing your coin with the exchange (nope) or in a private wallet which entails its own requirements for keeping your shit together and not losing your pass key...
― calstars, Friday, 8 December 2017 21:11 (six years ago) link
i had some lose change in coinbase that's now worth $200 lol
― scoff walker (diamonddave85), Friday, 8 December 2017 21:17 (six years ago) link
And clearly Newegg and other above board merchants who accepted it as payment are laughing all the way to the bank at this point. Oh, that keyboard / mouse combo that you bought for 100 millibits 3 years ago? It’s now worth $1500. Hahaha
― calstars, Friday, 8 December 2017 21:18 (six years ago) link
loose change* xp
― scoff walker (diamonddave85), Friday, 8 December 2017 21:18 (six years ago) link
i just watched the big short w/ my parents over thanksgiving. i'd like to 'bet against' bitcoin. who do i give my money to?
― dynamicinterface, Friday, 8 December 2017 21:45 (six years ago) link
Talk to a broker about Contract For Difference derivatives in the futures market.
― Jersey Al (Albert R. Broccoli), Friday, 8 December 2017 21:50 (six years ago) link
There's a Bitcoin ETF that you could short sell
― Moodles, Saturday, 9 December 2017 00:25 (six years ago) link
Paid rent and utilities for a month, I'm not mad.
― louise ck (milo z), Saturday, 9 December 2017 00:56 (six years ago) link
Congrats
― calstars, Saturday, 9 December 2017 01:14 (six years ago) link
I will inform my local law enforcement colleagues what "rent and utilities" is code for now
― El Tomboto, Saturday, 9 December 2017 01:19 (six years ago) link
I also assume "I'm not mad" is some kind of hippie language for "whooooaaaaaa"
― El Tomboto, Saturday, 9 December 2017 01:20 (six years ago) link
that's... accurate
― louise ck (milo z), Saturday, 9 December 2017 01:28 (six years ago) link
can you short bitcoins
― ☂ (max), Wednesday, June 8, 2011 10:14 AM (six years ago) Bookmark Flag Post Permalink
― johnny crunch, Saturday, 9 December 2017 02:03 (six years ago) link
I bought and used these things when they were like 7 dollars each and bit my tongue when ilxors lol’d at the libertarian nerds.Who’s laughing now? Well neither of us I guess cuz I spent them on ~stuff~ and I could retire right now.
― circa1916, Saturday, 9 December 2017 04:00 (six years ago) link
My loose change in Coinbase is like 1200 bucks though.
― circa1916, Saturday, 9 December 2017 04:02 (six years ago) link
You may want to cash out. When the difference between what one originally invested and what one can recoup reaches this kind of magnitude, the urge to take profits could easily become a race for the exits. The dollar value of your bitcoins is only real if there is someone with dollars willing to exchange them with you in return for your bitcoins. There is no currency that is immune to crashing.
Bitcoins seem to be a bit analogous to real estate, in that there is a finite supply with a known maximum limit. Yet real estate is prone to bubbles and crashes, too. Additionally, you typically can derive some measure of tangible benefit from real estate, which you can't from bitcoins.
― A is for (Aimless), Saturday, 9 December 2017 04:49 (six years ago) link
you can't live in a Bitcoin???
― Thomas NAGL (Neil S), Saturday, 9 December 2017 11:12 (six years ago) link
Drug dealers don't seem to have enough confidence to use bitcoin for laundering yet. I don't know what I'd do without the local drug-dealer owned shell tanning studio business though.
― calzino, Saturday, 9 December 2017 11:27 (six years ago) link
yea a commodity whose value shifts as much as 25-30% on a given day is kind of useless for everything besides gambling
― frogbs, Saturday, 9 December 2017 14:02 (six years ago) link
definitely not a bubble happening oh no
https://gizmodo.com/imposter-cryptocurrency-wallet-app-races-up-apples-stor-1821180826
― El Tomboto, Monday, 11 December 2017 17:25 (six years ago) link
Bitcoin is the real Occupy Wall Street.— Julian Assange 🔹 (@JulianAssange) December 15, 2017
― mark s, Friday, 15 December 2017 17:28 (six years ago) link
we officially reached the point in this vicious cycle where there's at least one young man in my city who is accosting random passerby on the sidewalk, politely asking if they have time for a quick question, and following that with "what do you know about cryptocurrencies?"
― El Tomboto, Friday, 15 December 2017 17:48 (six years ago) link
Hey Julian: shut the fuck up
― calstars, Friday, 15 December 2017 19:21 (six years ago) link
Saw a bitcoin atm just this evening.
(Gray's Inn Road / kings cross)
― koogs, Friday, 15 December 2017 21:04 (six years ago) link
(a sign for one anyway)
I have a small amount in GBTC and MGTI. Basically I keep realizing gains and rebuying on dips. Rinse repeat. Not mad. I would buy bitcoins but transactions always want text verification, which I can't rely on.
― Yerac, Friday, 15 December 2017 22:08 (six years ago) link
lol the £0.01 coinbase gave me for signing up is now up to £1.50― sktsh, Thursday, June 8, 2017 1:50 PM (six months ago) Bookmark Flag Post Permalinkfeels good to be a titan of fx trading― sktsh, Thursday, June 8, 2017 1:51 PM (six months ago) Bookmark
― sktsh, Thursday, June 8, 2017 1:50 PM (six months ago) Bookmark Flag Post Permalink
feels good to be a titan of fx trading
― sktsh, Thursday, June 8, 2017 1:51 PM (six months ago) Bookmark
― sktsh, Wednesday, 20 December 2017 11:26 (six years ago) link
currently crashing
― A is for (Aimless), Friday, 22 December 2017 19:16 (six years ago) link
*nelson laugh*
― flamenco drop (BradNelson), Friday, 22 December 2017 19:28 (six years ago) link
co sign, hope it bottoms out completely
― Simon H., Friday, 22 December 2017 19:29 (six years ago) link
I expect the strength of the bitcoin delusion will spark a rally at some point, from those who are seeking "bargains". It takes time to burn an irrational market to the ground.
― A is for (Aimless), Friday, 22 December 2017 19:34 (six years ago) link
still at $13k which is like $12,995 more than I thought it would ever be
― frogbs, Friday, 22 December 2017 19:34 (six years ago) link
give it time
― dipso inferno (bizarro gazzara), Friday, 22 December 2017 19:43 (six years ago) link
Schadenfreude in its purest form
― calstars, Friday, 22 December 2017 19:45 (six years ago) link
i could see buying 100 bucks of these if they ever get down to $10 again as a risk/reward experiment
― Chocolate-covered gummy bears? Not ruling those lil' guys out. (ulysses), Friday, 22 December 2017 19:47 (six years ago) link
tho it might be kinda like buying a hundred bucks of pokemon cards now
― Chocolate-covered gummy bears? Not ruling those lil' guys out. (ulysses), Friday, 22 December 2017 19:48 (six years ago) link
lol yes, or some Magic raers
― sleeve, Friday, 22 December 2017 19:49 (six years ago) link
brb gonna turn all my liquid cash into copies of youngblood #1
― dipso inferno (bizarro gazzara), Friday, 22 December 2017 19:53 (six years ago) link
That equilibrium price is coming any day now
― IF (Terrorist) Yes, Explain (man alive), Friday, 22 December 2017 20:02 (six years ago) link
this polybagged limited edition Plasm variant is gonna put my kid through collegeand the princess diana beanie baby is for retirement
― Chocolate-covered gummy bears? Not ruling those lil' guys out. (ulysses), Friday, 22 December 2017 20:02 (six years ago) link
Helpful info from a website I stumbled across:
Unlike other forms of money like paper currency or metals, bitcoins derive their value from mathematics rather than physical properties.
Yes. A twenty dollar bill obviously derives its value from its physical properties, which vary greatly from the physical properties of, for example, hundred dollar bills and five dollar bills.
― A is for (Aimless), Saturday, 23 December 2017 05:10 (six years ago) link
Turns out that I have .0001 BTC left, worth $2.05. Guess I'll let it sit in Coinbase until these are worth a billion each.
― louise ck (milo z), Saturday, 23 December 2017 05:17 (six years ago) link
I decided to risk it and re-added on Friday morning some GBTC that I had sold. Will see what happens Tues. But so far looking good. I don't know if they tanked it so they could run it back up over the long weekend when people are unlikely to trade.
― Yerac, Saturday, 23 December 2017 17:08 (six years ago) link
Dogecoin seems to be doing great
― JoeStork, Saturday, 23 December 2017 17:15 (six years ago) link
Bubbles are always compelling, because real coin is being made in a big hurry. Until it's being lost even faster.
― A is for (Aimless), Saturday, 23 December 2017 18:04 (six years ago) link