Bitcoins

[kingkilburn]

People using a currency make money happen and nothing else. Period. The only reason governments and banks sanction and protect one currency versus another is to have control and make a profit.

Currency and capitalism in general is ours not banks' or governments'.


P.S.
The whole point of a gold standard or something like crypto currency is to put the control in the market not in the hands of a moneyed few.

[Frank_Jaeger]

Originally Posted by atom

Eh, there is nothing on the horizon that looks to propel bitcoins value the way China;s interest in the currency did, so IDK about that.

Already back up to 685 on Mt Gox. Would've been a good short term investment.

[S14DB]

I can't wait to get my first MegaDOGE.

[Frank_Jaeger]

Originally Posted by S14DB

I can't wait to get my first MegaDOGE.

wow

such megadoge

very dogillionaire

wow

to the moon

[zerodameaon]

Originally Posted by Frank_Jaeger

wow

such megadoge

very dogillionaire

wow

to the moon

40k DOGE

Much 20 bucks. Wow

some beer

much half tank gas



------------------
Failed attempt.

[Frank_Jaeger]

I started mining doge within the first few hours it released, and then stopped after I got 3 million. I should've kept it going lol.

[zerodameaon]

This difficulty increase really sucks. But I did fix my second video card that died a few months back, the fans locked up and the fan controller disabled the card completely. Took them apart, oiled them up, and now I am back in business warming my room very nicely.

[nekrodev]

Originally Posted by zerodameaon

This difficulty increase really sucks. But I did fix my second video card that died a few months back, the fans locked up and the fan controller disabled the card completely. Took them apart, oiled them up, and now I am back in business warming my room very nicely.

Seriously. When I did my calculations back in August when I first ordered my miner, I was going to be able to make about $100 a month, maybe more. Now, I'll be lucky to get half that.

[zerodameaon]

With one video card I was mining about 700 doge an hour a few days ago, now with two video cards I am only able to max out at about 500. Still getting more DOGE then if I was doing any other coin.

[zerodameaon]

Just thought that was funny.


So last night a few people had a very bad night on Cryptsy exchange. There was a error with the calculator and people thought that DOGE was skyrocketing so they were trying to buy in for outrages BTC prices. I was in the process of selling 197 DOGE to fill a buy order for 1.97 BTC. The site crashed so I could not profit off of someones error but some lucky dude out there got a lot of money off a very little bit of DOGE.

[zerodameaon]

So Doge is doing something. I was surprised to see how much I now have.

[Frank_Jaeger]

You need to start looking at DOGE/USD and not DOGE/BTC. DOGE/BTC appears to be increasing in value, however DOGE is really only holding its value to USD while BTC falls. I.e BTC goes down, DOGE goes up, yet relative to the dollar DOGE hasn't moved. Reason for this is arbitrage. DOGE can now be bought directly with USD from Vault of Satoshi. Overall DOGE has gone up, and will continue to go up, however the recent rise in DOGE/BTC isn't as much of an indicator as it used to be.

Also BTC is down. BUY BUY BUY.

Also I sold my 4 million DOGE about a month ago to acquire an LS1 T56 Z28 Camaro after the KA threw a rod. Since then I've mined another 1,050,000DOGE. I'm about to build another rig.

[240sx .25mile]

im so glad I read this post back in 2013. bitcoin hit 6k today.

[2muchboost]

And have you seen the conservative estimates from movers and shakers on Wall Street and such....I know a few people who got involved early on and they are living a completely different life now. Congrats to anyone who took the leap back in the days.

[1Badhatch]

Funny thing is I haven't been paying attention since December of last year waiting for the pop from the halfing last year I have 3 Bitcoin when you said 5000 dollars I was like na he's lying I just checked my kraken account man today just turned into a good day

[240sx .25mile]

Originally Posted by 1Badhatch

Funny thing is I haven't been paying attention since December of last year waiting for the pop from the halfing last year I have 3 Bitcoin when you said 5000 dollars I was like na he's lying I just checked my kraken account man today just turned into a good day

now you can buy all the 240 parts you want!!! hahahaha

Originally Posted by 2muchboost

And have you seen the conservative estimates from movers and shakers on Wall Street and such....I know a few people who got involved early on and they are living a completely different life now. Congrats to anyone who took the leap back in the days.

10k by the end of the year is what I've read.

[anthony_240]

I’m still kickin myself in the ass about this, I bought like 20$ worth about 4 years ago, and although it turned into 200$ I wish I would have not been such a bitch and spent like 1g instead lol


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[hatch4life]

I wish I would have not been such a bitch and spent like 1g instead lol

don't worry, you'll be saying the same thing in a year

[hatch4life]

I'm interested in when the cap of bitcoins (21 million) available comes.. then who knows what it will go to

I think we are around 17M currently in rotation right now

[tougefactory]

What do you guys think of Ripple/XRP? Supposedly its suppose to skyrocket.. But they say that for almost every cryptocurrency out there. lol

Good investment?

[hatch4life]

What do you guys think of Ripple/XRP?

It's been on an uninspiring downtrend,

It 's possible it may skyrocket sure, but it's unlikely

Nothing is going to skyrocket like bitcoin has because they're simply not as popular (obviously), not enough people willing to put their money in it, there is a reason you only hear investors talk about one cryptocurrency

that being said I do own ripple and several other altcoins but I don't expect much from them, more of a gamble

[2muchboost]

I agree, bitcoin will be the popular vote. However, I think Ethereum is a good investment as well without the price tag at the moment. Again, will not be as popular as bitcoin and in return there isnt likely going to be a huge spike in pricing but it has been doing well and holding strong.

[Darri]

I am new to bitcoins, but I've spent some time studying the subject and it is a very curious topic for me atm. I do believe that bitcoin will grow and that it is a good investment. They say there will come a time when we will be able to buy properties using bitcoins https://tranio.com/world/analytics/h...e-market_5405/ so yeah, I believe it'll get even more popular than it is already. Funny how things change, nobody believed in cryptocurrency at first, now botcoins are all over the Internet.

[anti tyler]

Originally Posted by Darri

I am new to bitcoins, but I've spent some time studying the subject and it is a very curious topic for me atm. I do believe that bitcoin will grow and that it is a good investment. They say there will come a time when we will be able to buy properties using bitcoins https://tranio.com/world/analytics/h...e-market_5405/ so yeah, I believe it'll get even more popular than it is already. Funny how things change, nobody believed in cryptocurrency at first, now botcoins are all over the Internet.

Bitcoin specifically will only be as valuable as people let it be.

[turbronegro]

I acquired 50 bit coins when I was deployed in June 2013. It was a considerable chunk of change but my supervisor at the time literally forced me to. Well not forced but he was convincing, he was a selfmade millionaire and knew how to make money. I can honestly say it's the best $5200 I ever let go. I check them weekly but I really don't know what to do but sit on them.To me all I have is 5k to lose if it goes sour. I've spent a lot more on that buying and driving janky old ugly luxury cars lmfao.

I know the IRS see it as property so you'll be paying capital gains tax on them eventually.

[turbronegro]

Oh and recently, my old supv has been going on about Ethereum as the next thing.

[hatch4life]

I acquired 50 bit coins when I was deployed in June 2013. It was a considerable chunk of change but my supervisor at the time literally forced me to. Well not forced but he was convincing, he was a selfmade millionaire and knew how to make money. I can honestly say it's the best $5200 I ever let go. I check them weekly but I really don't know what to do but sit on them.To me all I have is 5k to lose if it goes sour. I've spent a lot more on that buying and driving janky old ugly luxury cars lmfao.

At this all time high why wouldn't you sell one bitcoin to get your money back doubled and let the rest ride? What price would make you start to sell off?

[turbronegro]

Originally Posted by hatch4life

At this all time high why wouldn't you sell one bitcoin to get your money back doubled and let the rest ride? What price would make you start to sell off?

Good question. I don't know if I'm just being greedy or the fact that it's worth so much now and I'm not doing shit about it is fun. I do like to test my willpower. I'm 28 and haven't ever had a sip of alcohol, I have no real reason not to drink other than it's kinda fun not doing it.

[anthony_240]

2 days ago it went up 1,000
And this past 24hours it’s up 5,000! This thing is spiking


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[e30gangsta]

Im on the fence about dropping another 5k into it. I think im going to wait to see what happens with the nasdaq thing.