this is as good as sports tbh
― gr8 tr∞lls i have known (forksclovetofu), Friday, 12 April 2013 03:53 (eleven years ago) link
The most you can lose if Bitcoins go to zero is 100% of your money.The most you can make, meanwhile ...Well, no one knows exactly how much you can make.But it's probably a lot more than 100%.
The most you can make, meanwhile ...
Well, no one knows exactly how much you can make.
But it's probably a lot more than 100%.
― gr8 tr∞lls i have known (forksclovetofu), Friday, 12 April 2013 03:54 (eleven years ago) link
lol agreed. schadenfreude at its finest xp
― The description of my page is: Gargoyles Swimsuit Special (Matt P), Friday, 12 April 2013 03:55 (eleven years ago) link
the CEO of Business Insider
― Matt Armstrong, Friday, 12 April 2013 04:02 (eleven years ago) link
"I've always estimated the final price of a Bitcoin at between $10,000 - $1,000,000 maybe 5-10 years from now. The low end being based on the size and volume of Western Union, PayPal, Visa/MasterCard. And the high end being based on the total global gold supply."
http://www.reddit.com/r/Bitcoin/comments/1bo02h/why_1000_in_60_days_a_paypal_comparison/c98fm0w
― Matt Armstrong, Friday, 12 April 2013 04:06 (eleven years ago) link
ceo of business insider and former fraudulent securities analyst describes bubble says hey maybe bubbles are okay cause some guys will make money
― lag∞n, Friday, 12 April 2013 04:08 (eleven years ago) link
good guess!!! xp
― zero dark (s1ocki), Friday, 12 April 2013 04:09 (eleven years ago) link
are there bit cents too cause dont these prices make these things hard to spend
― lag∞n, Friday, 12 April 2013 04:09 (eleven years ago) link
you can spend them in fractions iirc
― zero dark (s1ocki), Friday, 12 April 2013 04:10 (eleven years ago) link
they go down to the 8th decimal place. I think 8th decimal unit is called a satoshi?
― Matt Armstrong, Friday, 12 April 2013 04:12 (eleven years ago) link
gesundheit
― gr8 tr∞lls i have known (forksclovetofu), Friday, 12 April 2013 04:14 (eleven years ago) link
http://blogs.miaminewtimes.com/shortorder/bitohoney.jpg
― buzza, Friday, 12 April 2013 04:14 (eleven years ago) link
― Matt Armstrong, Friday, April 12, 2013 12:12 AM (3 minutes ago) Bookmark Flag Post Permalink
ok if they all have names im ready to jump on the bandwagon
― lag∞n, Friday, 12 April 2013 04:18 (eleven years ago) link
http://coinabul.com/images/bitcoin_flyer5.png
― geeta, Friday, 12 April 2013 08:36 (eleven years ago) link
haha oops that's big
― geeta, Friday, 12 April 2013 08:37 (eleven years ago) link
I kinda hope those crazy kids bring it back from the brink (or just claim BitCoin was one long elaborate Situationist prank)
― Elvis Telecom, Friday, 12 April 2013 11:32 (eleven years ago) link
Sailing dangerously close to goatse territory there xxp
― bizarro gazzara, Friday, 12 April 2013 13:27 (eleven years ago) link
― Elvis Telecom, Friday, April 12, 2013 7:32 AM Bookmark Flag Post Permalink
like if the last bitcoin mined caused all the bitcoins to dissipate, and then a message flashed on everyone's computer screens, and "peace on earth" was all it said
― --808 542137 (Hurting 2), Friday, 12 April 2013 13:41 (eleven years ago) link
be excellent.
― Chuck E was a hero to most (s.clover), Friday, 12 April 2013 13:43 (eleven years ago) link
and then it cuts to a man in a top hat with a twirly moustache, sitting at his computer, and steam shoots out of his ears
― --808 542137 (Hurting 2), Friday, 12 April 2013 13:45 (eleven years ago) link
http://money.cnn.com/2013/04/12/investing/bitcoin-bubble/
The price of Bitcoins has plunged more than 75% in the past two days, sparking a rush of activity that overwhelmed trading platforms and suggested the bubble in the virtual currency has burst.Bitcoins were down to $61.11 as of 9 a.m. ET Friday. Prices reached as high as $266 per Bitcoin around 7:30 a.m. ET Wednesday. But the price started to fall through the rest of day and Thursday morning.
― --808 542137 (Hurting 2), Friday, 12 April 2013 14:16 (eleven years ago) link
lulz
it's semi tempting to try jumping into this when the price hits the teens, because you know someone is going to prop it up for a bit and you could probably double your money on a quick turnaround
― relentless technosexuality (DJP), Friday, 12 April 2013 14:26 (eleven years ago) link
id be worried that the failure of the trading infrastructure could scare a lot of people off
― lag∞n, Friday, 12 April 2013 14:35 (eleven years ago) link
there's that and also the govt could step in any day
― iatee, Friday, 12 April 2013 14:37 (eleven years ago) link
― relentless technosexuality (DJP), Friday, April 12, 2013 10:26 AM Bookmark Flag Post Permalink
yeah, this sort of thinking is always tempting, that's why these things keep happening. If I had an extra thousand dollars lying around, why not. I never seem to have that extra thousand dollars lying around.
― --808 542137 (Hurting 2), Friday, 12 April 2013 14:51 (eleven years ago) link
i suggest taking your money and investing it in the other commodity that mt. gox is famous for: magic cards
― 乒乓, Friday, 12 April 2013 14:52 (eleven years ago) link
What I do know, though, is that I've watched penny stocks do the hockey stick thing a hundred times and thought to myself "this went up 10000% in one day, all the attention will make it go up even more as money pours in!" and then it crashes. I lost a small amount of money this way once.
― --808 542137 (Hurting 2), Friday, 12 April 2013 14:52 (eleven years ago) link
might as well just go to a casino and put the money on red
― lag∞n, Friday, 12 April 2013 14:54 (eleven years ago) link
the benefit of this approach is you can play w/ your investment every day
― iatee, Friday, 12 April 2013 14:56 (eleven years ago) link
what are bitcoins useful for, besides buying drugs on the internet with
― 乒乓, Friday, 12 April 2013 14:56 (eleven years ago) link
xp Basically agree, except in the casino you know your exact odds and how bad they suck. With a bubble you actually have no idea what the odds are in most cases, you're just firing in the dark.
― --808 542137 (Hurting 2), Friday, 12 April 2013 14:57 (eleven years ago) link
you can buy some other stuff w them too, tho they are not v widely accepted
― lag∞n, Friday, 12 April 2013 14:57 (eleven years ago) link
the only appealing thing about bitcoins is maybe spending $1000 on a bitcoin miner computer and a couple hundred on electricity a month
― 乒乓, Friday, 12 April 2013 14:57 (eleven years ago) link
seems like in every transaction where u had the choice to use bitcoins or paypal u'd just use paypal
― 乒乓, Friday, 12 April 2013 14:59 (eleven years ago) link
when bitcoin is used in transactions it's done out of novelty not because it's actually useful
― iatee, Friday, 12 April 2013 15:00 (eleven years ago) link
well except for buying drugs
― lag∞n, Friday, 12 April 2013 15:00 (eleven years ago) link
yeah I guess nobody really knows how much of that is going on
― iatee, Friday, 12 April 2013 15:01 (eleven years ago) link
yeah... or hookers
― 乒乓, Friday, 12 April 2013 15:01 (eleven years ago) link
that was real nice, babe. log on to my computer and take some of my bitcoins. dont click on the folder that says 'vacation pics' though
― 乒乓, Friday, 12 April 2013 15:02 (eleven years ago) link
I would guess 'not that much' because even drug dealers would prefer to deal in stable currencies
― iatee, Friday, 12 April 2013 15:02 (eleven years ago) link
can't hit the club and make it rain bitcoins
― --808 542137 (Hurting 2), Friday, 12 April 2013 15:02 (eleven years ago) link
well i guess dealers would prefer to receive bitcoins (for the security) and then be able to cash out the bitcoins into a stable currency
― 乒乓, Friday, 12 April 2013 15:03 (eleven years ago) link
it's probably teenagers growing pot in their basement who accept bitcoins
― iatee, Friday, April 12, 2013 11:02 AM
noobs: http://en.wikipedia.org/wiki/Silk_Road_(marketplace)
― am0n, Friday, 12 April 2013 15:05 (eleven years ago) link
add the parentheses to the end cuz ilx code is garbage
― am0n, Friday, 12 April 2013 15:06 (eleven years ago) link
gold is at a multiyear low now fwiw speaking of bubbles perpetuated by paranoid idiot libertarians
― lag∞n, Friday, 12 April 2013 15:09 (eleven years ago) link
what about wow gold
― am0n, Friday, 12 April 2013 15:10 (eleven years ago) link
all gold is wow gold cause you say wow! when you see it, its so soft when you bite into it, smooth going down
― lag∞n, Friday, 12 April 2013 15:13 (eleven years ago) link
http://i.imgur.com/bBTj23e.jpg
― 乒乓, Friday, 12 April 2013 15:14 (eleven years ago) link