Bitcoins

loose change* xp

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?

Talk to a broker about Contract For Difference derivatives in the futures market.

There's a Bitcoin ETF that you could short sell

Paid rent and utilities for a month, I'm not mad.

Congrats

I will inform my local law enforcement colleagues what "rent and utilities" is code for now

I also assume "I'm not mad" is some kind of hippie language for "whooooaaaaaa"

that's... accurate

can you short bitcoins

― ☂ (max), Wednesday, June 8, 2011 10:14 AM (six years ago) Bookmark Flag Post Permalink

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.

My loose change in Coinbase is like 1200 bucks though.

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.

you can't live in a Bitcoin???

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.

yea a commodity whose value shifts as much as 25-30% on a given day is kind of useless for everything besides gambling

definitely not a bubble happening oh no

https://gizmodo.com/imposter-cryptocurrency-wallet-app-races-up-apples-stor-1821180826

Bitcoin is the real Occupy Wall Street.

— Julian Assange 🔹 (@JulianAssange) December 15, 2017

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?"

Hey Julian: shut the fuck up

Saw a bitcoin atm just this evening.

(Gray's Inn Road / kings cross)

(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.

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 Permalink

feels good to be a titan of fx trading

― sktsh, Thursday, June 8, 2017 1:51 PM (six months ago) Bookmark

currently crashing

*nelson laugh*

co sign, hope it bottoms out completely

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.

still at $13k which is like $12,995 more than I thought it would ever be

give it time

Schadenfreude in its purest form

i could see buying 100 bucks of these if they ever get down to $10 again as a risk/reward experiment

tho it might be kinda like buying a hundred bucks of pokemon cards now

lol yes, or some Magic raers

brb gonna turn all my liquid cash into copies of youngblood #1

That equilibrium price is coming any day now

this polybagged limited edition Plasm variant is gonna put my kid through college
and the princess diana beanie baby is for retirement

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.

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.

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.

Dogecoin seems to be doing great

Bubbles are always compelling, because real coin is being made in a big hurry. Until it's being lost even faster.

i was thinking of buying some if it drops below 10k then a friend suggested i just started mining them. this is how he started, with a combo of buying and mining. unfortunately i didn't get the name of his miner setup.

is there a legit mining program you can download that mines crypto currency using your computer while you are sleeping/at work? something that works w Windows 10 prefereably...

why not start leaving your fridge door open at all times and burning tyres in your back yard too

your mining operation is completely irrelevant in the face of the botnets made of hundreds of thousands of phones, and massive overclocked coin farms in the west bumfuck parts of the PRC

iow bizarro otm as usual

anyone with a real answer?

those are real answers

fwiw i don't care if i made like a fraction of a bitcoin i have no aims to have my computer competing with a overseas bitcoin mining farm operation

Ya I think I'll mine some bitcoin too any tips