seems like buying a bit coin a few years ago might have been a good idea
― k3vin k., Monday, 22 May 2017 21:43 (seven years ago) link
i got really curious about investing in ethereum back in march but held off because, i don't know, it seemed like the kind of idiotic thing i'd regret doing later.
http://i.imgur.com/5hhRHUX.png
― Karl Malone, Monday, 22 May 2017 21:58 (seven years ago) link
instead i took my $100 and lost at all on fanduel
― Karl Malone, Monday, 22 May 2017 21:59 (seven years ago) link
http://www.cnbc.com/2017/05/25/bitcoin-surges-10-percent-to-all-time-high-above-2700.html
― Violet Jax (Violet Jynx), Thursday, 25 May 2017 19:59 (seven years ago) link
I mined some bitcoin in 2011 on bitcoinplus but it turned out to be a swindle and no one ever got their bitcoin - goes to show what happnes when a govt cannot back a currency
― Violet Jax (Violet Jynx), Thursday, 25 May 2017 20:00 (seven years ago) link
But if fun from the FT:
https://ftalphaville.ft.com/2017/05/22/2189145/how-to-value-bitcoin-with-a-traditional-valuation-measure/
Premise is he value of bitcoin should correlate with the global money laundering index published by the International Center for Asset Recovery. Conclusion 238% overvalued.
― American Fear of Pranksterism (Ed), Thursday, 25 May 2017 22:00 (seven years ago) link
This shit is making it difficult to time drug-buying.
― El Tuomasbot (milo z), Thursday, 25 May 2017 22:51 (seven years ago) link
I think bitcoin should be seen as something like gold - a non-stable value precious metal - oh I wonder if Glen Beck will start on some bitcion shit now
― Violet Jax (Violet Jynx), Friday, 26 May 2017 12:52 (seven years ago) link
lol the £0.01 coinbase gave me for signing up is now up to £1.50
― sktsh, Thursday, 8 June 2017 12:50 (seven years ago) link
feels good to be a titan of fx trading
― sktsh, Thursday, 8 June 2017 12:51 (seven years ago) link
now reinvest half of that
― Dean of the University (Latham Green), Thursday, 8 June 2017 13:05 (seven years ago) link
ANother thing that CHina is the world's factory for
https://www.nytimes.com/2017/09/13/business/bitcoin-mine-china.html?rref=collection%2Fsectioncollection%2Ftechnology&action=click&contentCollection=technology®ion=stream&module=stream_unit&version=latest&contentPlacement=3&pgtype=sectionfront
― Dean of the University (Latham Green), Wednesday, 13 September 2017 17:21 (six years ago) link
Great time to buy imo
― calstars, Friday, 15 September 2017 01:34 (six years ago) link
how deliciously contrarian!
― the last famous person you were surprised to discover was actually (man alive), Friday, 15 September 2017 01:53 (six years ago) link
I’m very comfortable with the current correction
― calstars, Saturday, 11 November 2017 18:58 (six years ago) link
And so it goes ...
― calstars, Sunday, 12 November 2017 22:24 (six years ago) link
https://www.nytimes.com/2017/11/27/technology/bitcoin-price-10000.html
― Chocolate-covered gummy bears? Not ruling those lil' guys out. (ulysses), Tuesday, 28 November 2017 16:34 (six years ago) link
Uh what's going on?
― JoeStork, Thursday, 7 December 2017 16:55 (six years ago) link
late era capitalism iirc
― Chocolate-covered gummy bears? Not ruling those lil' guys out. (ulysses), Thursday, 7 December 2017 17:06 (six years ago) link
late?
https://en.wikipedia.org/wiki/Tulip_mania
― El Tomboto, Thursday, 7 December 2017 17:17 (six years ago) link
i don't think you could ever pay for your drugs with tulipspoppies maybe
― Chocolate-covered gummy bears? Not ruling those lil' guys out. (ulysses), Thursday, 7 December 2017 17:19 (six years ago) link
if only magic the gathering online exchange was still around to regulate bitcoin transactions
― officer sonny bonds, lytton pd (mayor jingleberries), Thursday, 7 December 2017 18:08 (six years ago) link
They only lost 800k of themSomeone do the math
― calstars, Thursday, 7 December 2017 20:32 (six years ago) link
$13 billion worth
― calstars, Thursday, 7 December 2017 20:33 (six years ago) link
gonna try not to think about the fact that I could have been paid in part in BTC at my last job but opted out
― Simon H., Thursday, 7 December 2017 20:37 (six years ago) link
so part of this is due to the Tether coin, a new cryptocurrency based on the US dollar, wherein each coin is worth $1 apiece
I believe one of the Bitfinex guys invented it. essentially giving himself the license to just print millions of dollars
and yes this is all very illegal. I know someone who works in the BTC space who thinks that this dude is going to jail and everyone's going to get goxxed again. next few weeks may be interesting.
― frogbs, Thursday, 7 December 2017 20:38 (six years ago) link
btw I know everyone's feeling a lot of FOMO on this but it's kind of insane to think that someone would have bought in at like $300 and continued to hold past the $1k mark, given bitcoin's history
― frogbs, Thursday, 7 December 2017 20:40 (six years ago) link
this whole thing is so strange - BTC is accepted pretty much nowhere these days, the whole appeal is in its Ponzi-scheme like properties, where everyone thinks they're getting in at the right time
― frogbs, Thursday, 7 December 2017 20:41 (six years ago) link
my mom asked me if she should buy a bitcoin
― Chocolate-covered gummy bears? Not ruling those lil' guys out. (ulysses), Thursday, 7 December 2017 20:41 (six years ago) link
xp - it's accepted for buying drugs. I'm sure that's not the biggest part of the movement these days but it is a usage that's not going anywhere any time soon. The feds could probably crater a significant chunk of the Bitcoin user base by legalizing weed.
― louise ck (milo z), Thursday, 7 December 2017 20:46 (six years ago) link
I found the password to my old wallet and I have a whopping .07. A significant amount of money right now but also small enough that I'm willing to let it ride and see what happens.
― louise ck (milo z), Thursday, 7 December 2017 20:47 (six years ago) link
yea my guess is there's a new Silk Road out there that isn't getting publicized on 60 minutes. plus you can get on poker/sportsbetting websites with it. but IIRC the first bitcoin "boom" happened as a bunch of businesses clumsily started accepting it which gave the illusion that this thing was gonna be like PayPal in a few years. now it's just....wheeeeee!!!
― frogbs, Thursday, 7 December 2017 20:53 (six years ago) link
Ok it’s over 18k now, what the hell
― frogbs, Friday, 8 December 2017 00:32 (six years ago) link
I have 0.04 on an old iPhone which I now think its worth my while to work to get off. Can't just transfer it off because the wallet is a little deprecated. The fact that what cost me 10 dollar in a carpark after a blockchain meet up a few years ago is now worth nearly 1000AUD is insane. Time to liquidate.
― American Fear of Pranksterism (Ed), Friday, 8 December 2017 00:42 (six years ago) link
Jeez, the spare change that I had left in my account after buying brain drugs is now worth almost enough to buy more brain drugs!
― Dan I., Friday, 8 December 2017 03:50 (six years ago) link
Pro tip: liquidate and put it towards retirement funds or bonds, not brain drugs
― El Tomboto, Friday, 8 December 2017 04:02 (six years ago) link
I find it entirely unsurprising, btw, that the biggest YMO and Scooter fan in our village is also the most informed observer of the cryptocurrency scene. frogbs, if you ever make it out my way, I have to buy you a beverage.
― El Tomboto, Friday, 8 December 2017 04:07 (six years ago) link
I was going to put mine toward regular drugs, is that okay?
― louise ck (milo z), Friday, 8 December 2017 04:20 (six years ago) link
I've been doing very well out of australian junior cobalt miners this year. All the fun of mining cobalt without the child slaves and, you know, actual mining (or at least drilling, lots of drilling reports).
― American Fear of Pranksterism (Ed), Friday, 8 December 2017 06:36 (six years ago) link
― Chocolate-covered gummy bears? Not ruling those lil' guys out. (ulysses), Thursday, December 7, 2017 8:41 PM (yesterday) Bookmark Flag Post Permalink
We've reached this stage for sure, my dad asked me the same thing yesterday :)
What irks me most about the bitcoin rise are the thousands ill-informed, excrutiating media reports about it. They really are clueless, and from that starting point try to "inform" the public, who are lost at sea. Hence my dad asking the same thing.
― Le Bateau Ivre, Friday, 8 December 2017 08:19 (six years ago) link
america's most trusted security guru weighs in:
Bitcoin now at 6,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else pic.twitter.com/go9v0w92zk— John McAfee (@officialmcafee) December 8, 2017
― mark s, Friday, 8 December 2017 15:47 (six years ago) link
the rise of the alt math
― nashwan, Friday, 8 December 2017 15:48 (six years ago) link
All else is impossible in the new paradigmI think I’m with mcafee in this one
― Karl Malone, Friday, 8 December 2017 15:51 (six years ago) link
This is incredible lmao— 🔥H E L L D U D E🔥 (@muhmentions) December 8, 2017
and
https://blockchain.info/unconfirmed-transactions
― mark s, Friday, 8 December 2017 16:15 (six years ago) link
Friend of mine was thinking of investing in bitcoin. Eyerolled hard when she said she thought there was something to it because "young people were interested in it".
― xyzzzz__, Friday, 8 December 2017 16:21 (six years ago) link
you did not cared enough to try.
― fuiud, mac (rip van wanko), Friday, 8 December 2017 16:48 (six years ago) link
$500 investment in 2011 and you are set. for. life.
― fuiud, mac (rip van wanko), Friday, 8 December 2017 16:50 (six years ago) link
frogbs, if you ever make it out my way, I have to buy you a beverage.
I'd take you up on that but I'm afraid your fiat currency will be no good by the time this happens
― frogbs, Friday, 8 December 2017 16:51 (six years ago) link
omg at "Bubbles are mathematically impossible in this new paradigm"
― Chocolate-covered gummy bears? Not ruling those lil' guys out. (ulysses), Friday, 8 December 2017 18:34 (six years ago) link
someone has to sell at some point
― Moodles, Friday, 8 December 2017 19:41 (six years ago) link