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Deadkndys420
The Psychedelic Messiah


Registered: 05/08/12
Posts: 4,405
Loc: In the land of ooo
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Internet 'Bitcoin' Worth More Than 20 State Currencies
#18033607 - 03/30/13 03:47 PM (10 years, 9 months ago) |
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Quote:
(Newser) – There isn't any national treasury backing the bitcoin, nor does anyone have great stores of physical bitcoins lying around. Yet more than $1 billion worth of this invented currency is in circulation—more than the entire currency stock of 20 countries, Fox News reports. A single bitcoin is currently worth more than $90 US. What's the appeal? Well, some say it's because global currency markets are so unstable that bitcoins, which are distributed to people who donate web server space to the bitcoin system, seem more stable than cash.
"Because of what's going on in Cyprus and Europe, people are trying to pull their money out of banks," says BitPay CEO Tony Gallippi. "So they buy gold, they put it under the mattress, or they buy bitcoin." But others have another theory. Because bitcoin can be traded anonymously, like a digital form of cash, they believe bitcoin is fueling online black markets and drug markets. Gallippi scoffs at that concern. "With any technology," he says, "criminals are going to use it for something." TechCrunch has more background on how the system works.
Source
Man I wish I would have stocked up on them last April when they were 4-6 dollars a BTC.
-------------------- Almond Flour said: Thats right. I take it up the ass on a daily. It feels great to finally let this out
How to use PGP encryption The Stoner's Cookbook
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MushyMatt
LSD-25



Registered: 10/13/11
Posts: 2,551
Loc: Under a Mushroom
Last seen: 2 years, 2 months
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: Deadkndys420]
#18034317 - 03/30/13 06:48 PM (10 years, 9 months ago) |
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NO SHIT right?
Fuckin 70 bucks a bitcoin now..
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Reborn - 6/08/13
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Cannashroom
Smoke two Joints



Registered: 10/25/07
Posts: 2,141
Loc: Everywhere
Last seen: 6 years, 9 months
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: MushyMatt]
#18034551 - 03/30/13 07:46 PM (10 years, 9 months ago) |
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Its 92 now...
Was 15 in January. Missed the boat...
I have a feeling they might drop big soon. However if they break and hold $100 I think I will buy some.
Weekly RSI is super high, I really hope a pullback comes under $50.
-------------------- "A human being is part of the whole, called by us 'Universe'; a part limited in time and space. He experiences himself, his thoughts and feelings as something separated from the rest -- a kind of optical delusion of his consciousness. This delusion is a kind of prison for us, restricting us to our personal desires and affection for a few persons nearest us. Our task must be to free ourselves from this prison by widening our circle of compassion to embrace all living creatures and the whole nature in its beauty. Nobody is able to achieve this completely but striving for such achievement is, in itself, a part of the liberation and a foundation for inner security." Albert Einstein
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bryguy27007
Cosmonaut



Registered: 01/26/08
Posts: 10,525
Loc:
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: Cannashroom]
#18036360 - 03/31/13 07:00 AM (10 years, 9 months ago) |
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God damn it I wish I didn't sell mine.
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Dorian Gray
▐═██████═───



Registered: 08/31/10
Posts: 5,152
Loc: triple k mafia
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: Cannashroom] 2
#18041442 - 04/01/13 07:43 AM (10 years, 9 months ago) |
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BUTTCOINS
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egodeathflux
Guttersnipe



Registered: 02/02/10
Posts: 3,854
Loc: The Stygian Pits
Last seen: 1 year, 2 months
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: Dorian Gray]
#18041458 - 04/01/13 07:48 AM (10 years, 9 months ago) |
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I had 40 or so at the end of last year and spent them for the sake of it.. This has to end though, there will be a massive collapse at some point when people start selling in large amounts to cash in, when they drop back to a reasonable level it will be worth buying some and waiting for this to happen again, by far the best long term return you are likely to get given current interest rates.
-------------------- "Atrophic interludes weave through my life far too often, for me to fight the biggest enemies" "Standing on the corner of 5th and Vermouth"
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mpd
Lammen Gorthaur



Registered: 10/22/12
Posts: 9,660
Loc: Mostly at home... Mostly....
Last seen: 8 years, 7 months
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: egodeathflux]
#18042217 - 04/01/13 12:47 PM (10 years, 9 months ago) |
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It's over a hundred dollars today. The funny part is that people believe this is not fiat money. It is. It is tied to all currencies, of which all are fiat. Once the market fully realizes this reality the price will plummet to something closer to parity with all other currencies because it requires faith and not underlying economic activity to support the price value. That means it is going to be sold short at some point by people like that Greek asshole Soros and then there will be a whole lot of people who get burned. I limit my use to what is required so that I can buy drugs on Silk Road. I don't think they are an investment opportunity beyond anyone's ability to time the market price.
-------------------- There is no truer calling for mankind than that of true conservatism.
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TurkeyTom
Trippy



Registered: 08/02/11
Posts: 2,435
Last seen: 2 years, 2 months
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: mpd]
#18042556 - 04/01/13 02:36 PM (10 years, 9 months ago) |
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I just use em for the road. Can't even find a reliable place to get some anymore though
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Deadkndys420
The Psychedelic Messiah


Registered: 05/08/12
Posts: 4,405
Loc: In the land of ooo
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: TurkeyTom]
#18042685 - 04/01/13 03:28 PM (10 years, 9 months ago) |
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Quote:
TurkeyTom said: I just use em for the road. Can't even find a reliable place to get some anymore though
Have you tried bitinstant?
-------------------- Almond Flour said: Thats right. I take it up the ass on a daily. It feels great to finally let this out
How to use PGP encryption The Stoner's Cookbook
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TurkeyTom
Trippy



Registered: 08/02/11
Posts: 2,435
Last seen: 2 years, 2 months
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: Deadkndys420]
#18043795 - 04/01/13 08:28 PM (10 years, 9 months ago) |
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Yeah they've been having problems and have screwed me over, I don't trust them anymore
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tito123


Registered: 01/23/10
Posts: 3,006
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: TurkeyTom]
#18044193 - 04/01/13 10:10 PM (10 years, 9 months ago) |
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Would now be a good time to get rid of the coins or should I keep saving? I only have a small bit.
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NWlight
Just look


Registered: 01/12/10
Posts: 18,686
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: TurkeyTom]
#18044387 - 04/01/13 11:08 PM (10 years, 9 months ago) |
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Quote:
TurkeyTom said: Yeah they've been having problems and have screwed me over, I don't trust them anymore
I've transferred over $2500 in small increments, always works perfectly.
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TurkeyTom
Trippy



Registered: 08/02/11
Posts: 2,435
Last seen: 2 years, 2 months
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: NWlight]
#18044399 - 04/01/13 11:13 PM (10 years, 9 months ago) |
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Quote:
NWlight said:
Quote:
TurkeyTom said: Yeah they've been having problems and have screwed me over, I don't trust them anymore
I've transferred over $2500 in small increments, always works perfectly.
Lately? They were recently hacked or something and were down for a long time. I had success with them once but one time I accidentally put in the wrong email address to send the coins to. I told them about the issue. Didn't hear anything back. When I finally got a hold of them they kept saying they would get me the coins but after 4 weeks of constantly dealing with them I never received them
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Ogla



Registered: 02/16/04
Posts: 11,314
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: TurkeyTom]
#18044643 - 04/02/13 12:29 AM (10 years, 9 months ago) |
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Bitcoins were 80 cents when I first started looking at em. Almost bought some a month or so back when they were 12 bucks. It's crazy to think i could've potentially invested money in this as if it were stock. Only going up from here
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NWlight
Just look


Registered: 01/12/10
Posts: 18,686
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: TurkeyTom]
#18044768 - 04/02/13 01:25 AM (10 years, 9 months ago) |
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Quote:
TurkeyTom said:
Quote:
NWlight said:
Quote:
TurkeyTom said: Yeah they've been having problems and have screwed me over, I don't trust them anymore
I've transferred over $2500 in small increments, always works perfectly.
Lately? They were recently hacked or something and were down for a long time. I had success with them once but one time I accidentally put in the wrong email address to send the coins to. I told them about the issue. Didn't hear anything back. When I finally got a hold of them they kept saying they would get me the coins but after 4 weeks of constantly dealing with them I never received them
The point of bitcoins is not fucking up. Their nature requires an extra degree of carefulness.
I don't see where they did anything wrong :/
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unknown1123
Experimental

Registered: 05/15/08
Posts: 5,813
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: TurkeyTom]
#18047152 - 04/02/13 03:18 PM (10 years, 9 months ago) |
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Quote:
TurkeyTom said:
Quote:
NWlight said:
Quote:
TurkeyTom said: Yeah they've been having problems and have screwed me over, I don't trust them anymore
I've transferred over $2500 in small increments, always works perfectly.
Lately? They were recently hacked or something and were down for a long time. I had success with them once but one time I accidentally put in the wrong email address to send the coins to. I told them about the issue. Didn't hear anything back. When I finally got a hold of them they kept saying they would get me the coins but after 4 weeks of constantly dealing with them I never received them
Not hacked, they are going to follow the federal regulations, bitinstant said they would cooperate with any feds so they can keep their extremely profitable site up...
I used them before they went down for a long time and used bitfloor one time and will never go back. bitfloor is great and FAST. You might pay an extra 5 bucks per coin if you time it wrong but pretty much zero fees and super fast
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sum_peeps
Psychedelic Connoisseur



Registered: 12/12/11
Posts: 587
Last seen: 10 years, 9 months
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: unknown1123]
#18048168 - 04/02/13 06:13 PM (10 years, 9 months ago) |
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I just made about like 30 bucks in 3 days thanks to bitcoin and it's still steadily climbing
-------------------- A child's rhyme stuck in my head. It said that life is but a dream. I've spent so many years in question to find I've known this all along. ~ '][' {[]} {[]} {[_,

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chopstick
nobody



Registered: 07/26/08
Posts: 5,079
Loc: Chin's Wok
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: sum_peeps]
#18049412 - 04/02/13 09:56 PM (10 years, 9 months ago) |
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Some people are making tens of thousands of $$$ off this insanity..
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Ogla



Registered: 02/16/04
Posts: 11,314
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: chopstick]
#18050139 - 04/03/13 12:09 AM (10 years, 9 months ago) |
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Only problem is that they cost so much now that I would never think of buying any. I can only dream about how I should've bought some :c
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akira_akuma
Φύσις κρύπτεσθαι ὕψιστος φιλεῖ


Registered: 08/28/09
Posts: 82,455
Loc: Onypeirophóros
Last seen: 4 years, 29 days
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Re: Internet 'Bitcoin' Worth More Than 20 State Currencies [Re: Ogla]
#18051009 - 04/03/13 06:32 AM (10 years, 9 months ago) |
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LOL, money
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