Bitcoins and Other Crypto-currencies

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False
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PostRe: Bitcoins and Other Crypto-currencies
by False » Tue Dec 03, 2013 10:00 pm

Theres no limit - you get whatever the exchange wants to pay you

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GM
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PostRe: Bitcoins and Other Crypto-currencies
by GM » Sat Dec 07, 2013 2:00 am

The thing has dropped 30% in the last 12 hours and is still falling like a stone.

quick someone get the ron paul gifs

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PostRe: Bitcoins and Other Crypto-currencies
by Ginga » Sat Dec 07, 2013 2:04 am

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False
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PostRe: Bitcoins and Other Crypto-currencies
by False » Sat Dec 07, 2013 5:09 pm

http://bitcoincharts.com/charts/mtgoxUS ... 10zm2g25zv

cool currency - where can I buy some?

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Rightey
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PostRe: Bitcoins and Other Crypto-currencies
by Rightey » Sat Dec 07, 2013 9:50 pm

Now's a good time to buy since prices have dropped a bit.

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Errkal
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PostRe: Bitcoins and Other Crypto-currencies
by Errkal » Sun Dec 08, 2013 9:28 am

Looks like it has stopped dropping now.

Wonder how long it will bumble along before it starts rising again.

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Dual
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PostRe: Bitcoins and Other Crypto-currencies
by Dual » Sun Dec 08, 2013 9:44 am

Buy. Buy. Buy.

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Skarjo
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PostRe: Bitcoins and Other Crypto-currencies
by Skarjo » Sun Dec 08, 2013 9:46 am

85% of it's value lost in a week.

Who would have thought that magical Libertarian beanie babies being mined out of imaginary money mines would be so unstable?

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Fatal Exception
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PostRe: Bitcoins and Other Crypto-currencies
by Fatal Exception » Sun Dec 08, 2013 9:53 am

Starjo wrote:85% of it's value lost in a week.

Who would have thought that magical Libertarian beanie babies being mined out of imaginary money mines would be so unstable?


Yeah, but if you want to make a fast buck, now's the time to buy.

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Errkal
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PostRe: Bitcoins and Other Crypto-currencies
by Errkal » Sun Dec 08, 2013 10:20 am

Starjo wrote:85% of it's value lost in a week.

Who would have thought that magical Libertarian beanie babies being mined out of imaginary money mines would be so unstable?


Am i missing something, it has gone down to $700 from $1100 that isn't 85% value loss.

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Skarjo
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PostRe: Bitcoins and Other Crypto-currencies
by Skarjo » Sun Dec 08, 2013 10:33 am

Christmas Crackerrkal wrote:
Starjo wrote:85% of it's value lost in a week.

Who would have thought that magical Libertarian beanie babies being mined out of imaginary money mines would be so unstable?


Am i missing something, it has gone down to $700 from $1100 that isn't 85% value loss.


Sorry, I misread the chart. But it went from closer to 1250 to close to 600, so it's close to a 50% loss of value.

It lost value at a rate similar to Black Thursday.

Blue Eyes wrote:No wonder I'm eating my balls instead of sweets.

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Errkal
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PostRe: Bitcoins and Other Crypto-currencies
by Errkal » Sun Dec 08, 2013 10:35 am

Still not great, but not as bad :D

It seems to be edging back up. With how its value has rocketed as it got into the public eye it was always going to happen. Hopefully now it will go to a more steady level now that the boom has happened. We shall see I guess.

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Irene Demova
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PostRe: Bitcoins and Other Crypto-currencies
by Irene Demova » Sun Dec 08, 2013 4:22 pm

Festive Eggnog wrote:Yeah, but if you want to make a fast buck, now's the time to buy.

It wouldn't be a fast buck given that it's next to impossible to cash them out

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GM
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PostRe: Bitcoins and Other Crypto-currencies
by GM » Sun Dec 08, 2013 4:48 pm

Can't even tell who's trolling anymore.

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Fatal Exception
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PostRe: Bitcoins and Other Crypto-currencies
by Fatal Exception » Sun Dec 08, 2013 5:09 pm

>Buy cheap bitcoins
>Wait for value to go up
>Exchange for hard drugs
>???
>Profit

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PostRe: Bitcoins and Other Crypto-currencies
by Ginga » Sun Dec 08, 2013 5:19 pm

Guis, I gt mail from Capten Nigerian ¿ he say he want 2 give me 1 MILLION DOLLAR 2 keep 4 bean gd (!!) and he tell me U ALL CAN HAVE 1 MILLION DOLLAR if U give 2 him Da bank details ov frends. All he be needen 4 U is U R wife and bank sore cowed: If U like bitcoins U gon luv dis. Pls hurry, not 2 be missed or U will regret wit tears in Ur Iz.

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KingK
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PostRe: Bitcoins and Other Crypto-currencies
by KingK » Sun Dec 08, 2013 5:37 pm

GM wrote:Please listen to the people telling you not to invest in this mess.

Even if that guy with the £4m or whatever in buttcoins found his hard drive, he'd never be able to cash out more than a few thousand at a time without selling to hundreds of buyers directly or getting cosy with one of the clear as mud 'trusts' or exchanges.

FWIW the amount a bitcoin mining rig will cost you in parts, power and cooling (mummy strawberry floaters are gigantic) will completely destroy any profit you get from the coins themselves.

That doesn't stop people doing things like this for our entertainment though:

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Is that Rik's front room? Powering all his consoles?

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That's not a growth
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PostRe: Bitcoins and Other Crypto-currencies
by That's not a growth » Sun Dec 08, 2013 6:38 pm

I do wonder if those things would ever be profitable. Would be interesting to see some figures written out in an interesting way, especially so if the answer is 'never'.

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Errkal
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PostRe: Bitcoins and Other Crypto-currencies
by Errkal » Sun Dec 08, 2013 6:46 pm

There are a lot of calculators out there that will tell you if / when your kit will breakeven based on cost of purchase, power usage and estimated income based on the kits hash rate.

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That's not a growth
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PostRe: Bitcoins and Other Crypto-currencies
by That's not a growth » Sun Dec 08, 2013 6:54 pm

I just had a look at one and had no idea what variables to put in. strawberry float it, my curiosity isn't that hight to start learning all about the damn things.


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