bit¢oin$

http://24.media.tumblr.com/bd86c3e0d26a98e7af08342cb607e25a/tumblr_mw0m5c3mIx1qbhyrso1_500.jpg

NO

is that the singularity

http://i44.tinypic.com/1zgypl3.jpg

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ha wow wowww

these things are over $450 a piece now.

wonder what will happen when the government gets around to regulating them

idgi, wasn't the closing of the silk road and the merciless mocking of the twitterati supposed to have cratered the market xp

The rise does seem to coincide w/ SR closing. They were pretty steady in the low 100's, but after that fiasco went down it's been going up and up. Idgi.

http://i.imgur.com/b6NBsqa.jpg

i have some important questions about that photograph: so is that an actual bitcoin worth 400 dollars right there? is there a irl bitcoin mint somewhere?

no and no

and ew that photo

dirk November 21, 2013 at 12:47 am

I’m out of investing for the moment because I’ve spent all my capital and have no means of employment, but if I had capital I’d buy the shit out of bitcoin now and on any future drop. It is here to stay and will exist for another century and appreciate several hundred fold. 10% of your speculative portfolio should be in bitcoin.

haha

My brother claims to have some kind of script that automatically buys and sells bitcoin on all four exchanges based on the "subtle" movements that it makes every day and is constantly reinvesting in itself. He says he's made thousands off it already. This can't really be true, can it? If such a thing were really profitable, wouldn't there be a thousand people (or one guy with a thousand computers) doing this already?

great questions

i want a bitcoin

cram it

these things hit $900 the other day????????

wtf.

gimme the bitcoins.

xp frogs it easily can be true since bitcoins have been going up, it could also be true in a bear market but that would be a better trick

i wonder how many bitcoins d34thdr0ne3 has

he keeps them in a cigar box

frogs it easily can be true since bitcoins have been going up, it could also be true in a bear market but that would be a better trick

I don't doubt the fact that you can make money that way but rather the idea that this hasn't reached bitcoin-mining levels of inefficiency a long time ago. If he's making "thousands of dollars" running one script surely there are thousands of others running similar ones?

sure but instead of running a script he could just buy bitcoins and that would work to, making money in a bull market is easy

Frogs if what he's doing is taking advantage of price differences between the exchanges then yes it is possible and in fact there is literally trillions of dollars invested in the practice at this moment

http://en.wikipedia.org/wiki/Arbitrage

It requires a lot of capital to really be worth it though and he is at the risk of having his entire position wiped out by either 1) an error in his script or 2) the freefall nature of speculative investments

it sounds like it's more just working off the wild fluctuations in pricing and probably what makes it viable is a completely unregulated trading market without (significant) transaction fees, i'm guessing

Transaction fees would be hindrance, for sure

The other possibility is http://en.wikipedia.org/wiki/High-frequency_trading

yeah it could be arbitrage (I used to do a similar thing in sportsbetting and yeah you can accidently go broke quick) but he also claims he didn't invest anything into it, something seems odd about it

still this stuff is pretty fascinating. A complete crash seems inevitable at some point. The potential for fraud is through the roof with these things.

so many tech 3.0 services are basically crowdsourced versions of existing things without any sort of regulations protections or oversight at all

Could be he's using other people's money. Have you checked your bank account recently xp

someone just moved $147m in BC

https://blockchain.info/tx/1c12443203a48f42cdf7b1acee5b4b1c1fedc144cb909a3bf5edbffafb0cd204

me irl

someone linked to an article yesterday where the headline was "Bitcoin: The Segway of Currencies" lol

http://i.imgur.com/rhJYFVq.jpg

^^ overstates condom effectiveness

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=60&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

researchers positing a dpr/satoshi connection!

http://bits.blogs.nytimes.com/2013/11/23/study-suggests-link-between-dread-pirate-roberts-and-satoshi-nakamoto

alex winter

http://www.kickstarter.com/projects/alexwinter/deep-web-the-untold-story-of-bitcoin-and-the-silk

party on

from circle k to circle b

i'd watch that

frogⒷs

http://i.imgur.com/o3BbZI4.png

Researchers Retract Claim Of Link Between Alleged Silk Road Mastermind And Founder Of Bitcoin

http://www.businessinsider.com/silk-road-satoshi-paper-retraction-2013-11

dang

just hit $1000, wow

that buys a lot of subway

Bitcoin is over fwiw. I'm all in on Litecoin

serious question. if I wanted to say, buy one bitcoin and then sell it a day later, how long before I'd see any actual cash? how much would I lose in transaction fees? is such a thing even possible in the U.S. without some major hoop jumping right now?