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  #1  
Old 04-03-2013, 06:52 PM
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Talking Bitcoins

Have any of you clowns been following what's going on with bitcoins and the Cyprus collapse? Pretty interesting stuff, both as an investment opportunity and a social movement towards decentralized currency.

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  #2  
Old 04-04-2013, 12:23 AM
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Re: Bitcoins

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Originally Posted by Mocker View Post
Have any of you clowns been following what's going on with bitcoins and the Cyprus collapse? Pretty interesting stuff, both as an investment opportunity and a social movement towards decentralized currency.
Been following it, however I am still not convinced of its viability, certainly not in a SHTF scenario. Sure they limit the amount of units, but still not a physical commodity.

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Old 04-04-2013, 02:07 AM
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Re: Bitcoins

I ran a miner for a few days a couple years ago and deleted it.

I actually read on it again a few nights ago, and while it is definitely more viable as an investment(specifically built mining rigs take half a year to get out of the red), you do run the risk of having your assets seized unless you're from Russia or China.

Or just disappeared.

You may be better off investing in a high-yield stock with a 1/100 chance that it may disappear on a given day.

Fuck a lottery.

On a not at all related note, fewer than two years ago I read that upon graduation North Korean CompSci students move into eastern China to farm Wow gold.

They are required to send a certain percentage of their earnings home.
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Old 04-04-2013, 12:16 PM
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Re: Bitcoins

Coincidentally, I read this yesterday:

http://www.forbes.com/sites/timothyl...-buy-bitcoins/
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  #5  
Old 04-09-2013, 04:26 PM
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When I posted this thread on 4/03/13, bitcoins were trading for $133.79.

As of right now on 4/09/13, less than one week later, they're trading for $236.99.

Nobody knows where the ceiling is or when the bubble will burst, but people are making an awful lot of money off this stuff.

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Old 04-10-2013, 08:21 AM
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Originally Posted by Alaric View Post
Don't do it
Too late! Bought a little last week at $133, little more on Sunday at $168, and a little more last night at $233. It's up to $260 this morning.

Not putting in any real money, nothing I'll miss if it goes poof, just having a some fun riding the bubble...

Aside from any potential profits, it's a pretty interesting phenomenon and a significant advance in technology - the birth of a new type of currency/commodity.

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Old 04-10-2013, 03:42 PM
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Re: Bitcoins

Except...the bubble has flattened a little eh?

Quote:
Bitcoin is undergoing a classic correction after quintupling in price over the past 30 days. The currency, which was trading as high as $265 earlier today on Mt. Gox, plummeted and is now trading at around $150.
No thanks.
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  #8  
Old 04-10-2013, 04:13 PM
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Yeah, it dropped like crazy today when MtGox and a few other exchanges got hit with big DDoS attacks, plus it was due for a bit of a correction after the insane gains from the past few days. It's now recovering nicely, already at $190+.

The huge drops and recoveries are actually great opportunities to multiply your money if you play your cards right moving between USD, BTC, and other e-currencies like LTC.

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Old 04-10-2013, 11:07 PM
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Re: Bitcoins

The world needs a billionaire to buy all of these.
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  #10  
Old 04-13-2013, 07:32 AM
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Re: Bitcoins

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Originally Posted by Alaric View Post
DOW closes at 14,865.06.

Silver was hammered yesterday closing at 25.86. (-1.86)

The FED is inflating the stock market bubble, and it even suckered in PM traders. Exodus from PM's and other commodities to the stock market, chasing that dollar.

I get the feeling we are past the point of no return. Like when the locomotive is already off the bridge, but all the other cars are still on the track.

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