Bitcoin is on fire again

[OVerLoRDI]

I hate all Bitcoin threads

 

[lxskllr]

For those who said you can't mine still are wrong. You can still mine any scrypt coin, but I'd advise against unless you get free/stolen electricity.

That's kind of my point. No one's gonna break your fingers if you mine bitcoin, but if you're losing money there's not much point. "Can't" is a statement of practicality, not absolute.

 

[Nintendesert]

I bought one bitcoin a couple months ago for around $85. Nice to see it's so high right now.
You guys think I should sell it and then buy more when the price comes back down?

No, you should buy at its peak.

 

[SheHateMe]

I do not understand the appeal of this bitcoin shit.


Its everywhere now.

 

[halik]

All these bitcoins and no drugs to buy with them.

 

[ultimatebob]

All these bitcoins and no drugs to buy with them.

There still aren't a lot of legit businesses taking them, either. Most of the ones that DO take it are pretty shady.

 

[gorcorps]

Man, should have invested after the last crash

 

[Zeze]

I do not understand the appeal of this bitcoin shit.


Its everywhere now.

Everywhere?

The only exposure I have of it is this forums.

 

[gorobei]

i should probably sell a few coins and buy a r9 290x for my next rig.

my 5870 was probably the most profitable room heater ever that winter.

 

[halik]

i should probably sell a few coins and buy a r9 290x for my next rig.

my 5870 was probably the most profitable room heater ever that winter.

How much money did you actually "make", utilities included? I would've thought it's so commoditized at this point you can't make any money.

 

[bignateyk]

is it true you can make millions easy from this?

With just a few simple tricks that I'll tell you about in my book for $19.99

 

[Zargon]

How much money did you actually "make", utilities included? I would've thought it's so commoditized at this point you can't make any money.

no one is making money on vga mining now

but you could, for a long time

 

[gorobei]

i made my coins way back in 2011. for $60 worth of electricty i made around 2 dozen btc. today they are worth roughly $5000. i already had a 5870 for gaming so the coins were just gravy. i'll probably hold on to a small position in case btc miraculously hits 4 or 5 digits, but im ready to sell a few coins to take some profit.

 

[TwiceOver]

I still don't get it.

 

[darkewaffle]

Don't worry guys, this time it'll stay up. It's going to work, I swear!

I'm actually surprised it settled on a roughly stable value of 110-120 for a few months. I'm not sure if it'll ever truly crash down to nothingness at this point, at least not without some severe intervention. But I don't think this spike will last either.

 

[Doppel]

Awesome.

I look forward to the "I just fucked my family's financial future over when bitcoin crashed" threads we'll see on Reddit soon.

 

[ultimatebob]

I'd be afraid to put real money in these foreign Bitcoin exchanges like Mt Gox or BTC-E. What is my recourse if they go bust or try to scam me out of my deposit?

 

[LegendKiller]

lol @ the idea that the Chinese are buying it. Who is buying it in China? Those who can get past the great firewall?

Do you *really* think the government there wants its citizens to be able to traffic in an online currency it cannot utterly control? LMFAO.

Furthermore, the "average joe" in the US doesn't give two shits about an electronic currency they can't do anything with but buy some trash online. They make dollars, they spend dollars, they heat their houses in dollars and they put gas in the cars with dollars. NObody gives a flying fuck through a rolling donut about bitcoin....


....which is why it just crashed today. If there were a lot of investors and wide spread interest it wouldn't crash 20%+ in a day unless there was some huge panic like the .bombs, 9/11 or the housing crisis/liquidity freeze. Instead this is normal course of business for something that'll never catch.

 

[M0oG0oGaiPan]

how many schrute bucks can i get with one bitcoin?

 

[atotnine]

Mr. Bogle doesn't approve.

 

[Arcadio]

Bitcoin is a very interesting concept. I can't wait to see what will become of it in the future. Too bad most people are completely against it or completely in favor of it, so any discussion of Bitcoin always turns into a verbal fight.

 

[darkewaffle]

Bitcoin is a very interesting concept. I can't wait to see what will become of it in the future. Too bad most people are completely against it or completely in favor of it, so any discussion of Bitcoin always turns into a verbal fight.

There's no useful future for it until people treat it like a currency and not a commodity.

 

[Crono]

Thread inspired me to check my massive litecoin holdings (~ 15 LTC, a little over $30 ) to see if I could actually withdraw it. Transferred it to BTC-E and it's sitting there now in USD. But I'm looking at the methods of withdrawal and don't see any that operate in the U.S. and have a minimum low enough. Do I just have to wait until it's a higher balance, or is there an option I missed? Or do I just use another exchange?

Don't need cash necessarily, will take prepaid card.

 

[Pulsar]

I doubt millions but with a big upfront investment you can make decent money from what I hear. You also have to understand the market well so you know when to convert to dollar.

I start laughing almost every single time you post something. I mean it.

Yeah, 'you can make decent money'. That's why everyone's doing it.... oh wait. You mean it's even more finicky that stock market investing? Cause I know all sorts of people who get into that casually and make a... wait. No I don't. They all lose money. I must just have stupid friends.

Seriously. Nearly every one of your posts is facepalm worthy.

 

[ultimatebob]

Thread inspired me to check my massive litecoin holdings (~ 15 LTC, a little over $30 ) to see if I could actually withdraw it. Transferred it to BTC-E and it's sitting there now in USD. But I'm looking at the methods of withdrawal and don't see any that operate in the U.S. and have a minimum low enough. Do I just have to wait until it's a higher balance, or is there an option I missed? Or do I just use another exchange?

Don't need cash necessarily, will take prepaid card.

Do what I did... Convert it to BTC, withdraw it, and then buy something at one of those survival superstores that take BTC. I got a really cool flashlight that way.