Bitcoins

the rise of the alt math

All else is impossible in the new paradigm

I think I’m with mcafee in this one

This is incredible lmao

— 🔥H E L L D U D E🔥 (@muhmentions) December 8, 2017

and

https://blockchain.info/unconfirmed-transactions

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".

you did not cared enough to try.

$500 investment in 2011 and you are set. for. life.

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

omg at "Bubbles are mathematically impossible in this new paradigm"

someone has to sell at some point

self serving nonsense

The thing is that if I had bought at $10 I would have certainly sold when it hit $100. And if i had bought at $100 I would have sold at $1000. And so on. So I’d still be feeling the same feeling of missing the boat because I wouldn’t have held until now on that original $10 price point. Because It doesn’t hold any real value aside from purchasing power on the black market, which is now being subsumed by Monero I assume. So it’s a speculative bubble and when it reaches this level of media saturation and patents start asking about it, just like Facebook 10 years ago, a backlash is inevitable. Not to mention the choice between storing your coin with the exchange (nope) or in a private wallet which entails its own requirements for keeping your shit together and not losing your pass key...

i had some lose change in coinbase that's now worth $200 lol

And clearly Newegg and other above board merchants who accepted it as payment are laughing all the way to the bank at this point. Oh, that keyboard / mouse combo that you bought for 100 millibits 3 years ago? It’s now worth $1500. Hahaha

loose change* xp

i just watched the big short w/ my parents over thanksgiving. i'd like to 'bet against' bitcoin. who do i give my money to?

Talk to a broker about Contract For Difference derivatives in the futures market.

There's a Bitcoin ETF that you could short sell

Paid rent and utilities for a month, I'm not mad.

Congrats

I will inform my local law enforcement colleagues what "rent and utilities" is code for now

I also assume "I'm not mad" is some kind of hippie language for "whooooaaaaaa"

that's... accurate

can you short bitcoins

― ☂ (max), Wednesday, June 8, 2011 10:14 AM (six years ago) Bookmark Flag Post Permalink

I bought and used these things when they were like 7 dollars each and bit my tongue when ilxors lol’d at the libertarian nerds.

Who’s laughing now? Well neither of us I guess cuz I spent them on ~stuff~ and I could retire right now.

My loose change in Coinbase is like 1200 bucks though.

You may want to cash out. When the difference between what one originally invested and what one can recoup reaches this kind of magnitude, the urge to take profits could easily become a race for the exits. The dollar value of your bitcoins is only real if there is someone with dollars willing to exchange them with you in return for your bitcoins. There is no currency that is immune to crashing.

Bitcoins seem to be a bit analogous to real estate, in that there is a finite supply with a known maximum limit. Yet real estate is prone to bubbles and crashes, too. Additionally, you typically can derive some measure of tangible benefit from real estate, which you can't from bitcoins.

you can't live in a Bitcoin???

Drug dealers don't seem to have enough confidence to use bitcoin for laundering yet. I don't know what I'd do without the local drug-dealer owned shell tanning studio business though.

yea a commodity whose value shifts as much as 25-30% on a given day is kind of useless for everything besides gambling

definitely not a bubble happening oh no

https://gizmodo.com/imposter-cryptocurrency-wallet-app-races-up-apples-stor-1821180826

Bitcoin is the real Occupy Wall Street.

— Julian Assange 🔹 (@JulianAssange) December 15, 2017

we officially reached the point in this vicious cycle where there's at least one young man in my city who is accosting random passerby on the sidewalk, politely asking if they have time for a quick question, and following that with "what do you know about cryptocurrencies?"

Hey Julian: shut the fuck up

Saw a bitcoin atm just this evening.

(Gray's Inn Road / kings cross)

(a sign for one anyway)

I have a small amount in GBTC and MGTI. Basically I keep realizing gains and rebuying on dips. Rinse repeat. Not mad. I would buy bitcoins but transactions always want text verification, which I can't rely on.

lol the £0.01 coinbase gave me for signing up is now up to £1.50

― sktsh, Thursday, June 8, 2017 1:50 PM (six months ago) Bookmark Flag Post Permalink

feels good to be a titan of fx trading

― sktsh, Thursday, June 8, 2017 1:51 PM (six months ago) Bookmark

currently crashing

*nelson laugh*

co sign, hope it bottoms out completely

I expect the strength of the bitcoin delusion will spark a rally at some point, from those who are seeking "bargains". It takes time to burn an irrational market to the ground.

still at $13k which is like $12,995 more than I thought it would ever be

give it time

Schadenfreude in its purest form

i could see buying 100 bucks of these if they ever get down to $10 again as a risk/reward experiment

tho it might be kinda like buying a hundred bucks of pokemon cards now

lol yes, or some Magic raers

brb gonna turn all my liquid cash into copies of youngblood #1

That equilibrium price is coming any day now

this polybagged limited edition Plasm variant is gonna put my kid through college
and the princess diana beanie baby is for retirement