General Cryptocurrency thread
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DevilItachi




Posts: 312

PostPosted: Thu, 28th Nov 2013 07:28    Post subject:
Why the fuck didn't we invest in this shit....
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fisk




Posts: 9145
Location: Von Oben
PostPosted: Thu, 28th Nov 2013 07:38    Post subject:
DevilItachi wrote:
Why the fuck didn't we invest in this shit....


Simply because we choose not to believe in it.


Yes, yes I'm back.
Somewhat.
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DevilItachi




Posts: 312

PostPosted: Thu, 28th Nov 2013 08:42    Post subject:
fisk wrote:
DevilItachi wrote:
Why the fuck didn't we invest in this shit....


Simply because we choose not to believe in it.


True, I'm now waiting for the bubble to pop. The moment it gets below 100, I'm buying those bitches!
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Xenthalon




Posts: 1722
Location: Germany
PostPosted: Thu, 28th Nov 2013 11:34    Post subject:
MisterBear wrote:
You trade them for money at exchange and then transfer it to you bank account via exchange site or some alternative site which they support.

That's the thing though, didn't paying out get infinitely harder lately? Mt. Gox being taxed by the government, and arbitrary limits of a couple of hundered dollars per day/week/month?
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sausje
Banned



Posts: 17716
Location: Limboland, Netherlands
PostPosted: Thu, 28th Nov 2013 12:16    Post subject:
DevilItachi wrote:
Why the fuck didn't we invest in this shit....


I wanted to, back when it had still around €15 worth.. but had no money to invest..
My hardware was good enough to farm 1 BTC per month, but for only €15,- it wasn't worth (because i would use more energy than i would get out of it).
Kinda a shame, even 1 BTC per month would had made me tons of money now and would had solved all my problems Sad


Proud member of Frustrated Association of International Losers Failing Against the Gifted and Superior (F.A.I.L.F.A.G.S)
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Airbag




Posts: 643
Location: The Netherlands
PostPosted: Thu, 28th Nov 2013 12:26    Post subject:
Yup, bit bummed as well. Never looked into it since I've got an nvidia card, so figured it wasn't worth it. My cousin told me what the potential was, and even invested his savings in a miner. Needless to say he got it back Laughing
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sausje
Banned



Posts: 17716
Location: Limboland, Netherlands
PostPosted: Thu, 28th Nov 2013 12:55    Post subject:
Bitcoin blunder: Man throws $7.2mn of crypto-currency into landfill

Quote:
A computer programmer from South Wales has accidentally thrown a digital wallet with 7,500 bitcoins into landfill. Now the hard drive worth $7.2million is buried four feet down.


Proud member of Frustrated Association of International Losers Failing Against the Gifted and Superior (F.A.I.L.F.A.G.S)
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tonizito
VIP Member



Posts: 51401
Location: Portugal, the shithole of Europe.
PostPosted: Thu, 28th Nov 2013 13:13    Post subject:
sausje wrote:
Bitcoin blunder: Man throws $7.2mn of crypto-currency into landfill

Quote:
A computer programmer from South Wales has accidentally thrown a digital wallet with 7,500 bitcoins into landfill. Now the hard drive worth $7.2million is buried four feet down.
Hahaha, read about that yesterday Very Happy


boundle (thoughts on cracking AITD) wrote:
i guess thouth if without a legit key the installation was rolling back we are all fucking then
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sabin1981
Mostly Cursed



Posts: 87805

PostPosted: Thu, 28th Nov 2013 13:29    Post subject:
Jesus... poor bastard I don't know why he didn't check the HDD before binning it, but oh man... expensive lesson learned.
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tonizito
VIP Member



Posts: 51401
Location: Portugal, the shithole of Europe.
PostPosted: Thu, 28th Nov 2013 14:10    Post subject:
sabin1981 wrote:
Jesus... poor bastard I don't know why he didn't check the HDD before binning it, but oh man... expensive lesson learned.
yeah, and he is considered to be an "IT specialist" Reaction


boundle (thoughts on cracking AITD) wrote:
i guess thouth if without a legit key the installation was rolling back we are all fucking then
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Bigperm




Posts: 1908
Location: Alberta,Canada
PostPosted: Thu, 28th Nov 2013 17:31    Post subject:
Xenthalon wrote:
@Bigperm: how do you cash out?


I have a trading account at Virtex. Its a Canadian exchange and its located in my home town. Much like any exchange you put out sell orders, and someone eventually picks them up. I always put mine very high now because i have recouped all my initial capital investment, made a serious chunk of coin. Now im playing Smile

Honestly if anyone has an AMD card. Mine LITECOIN. They are jumping $20 a day on the heels of the BTC boom. The difficulty is very low so running 2 cards right now ( a 7850 and a 6870 i think) i am making .5 a day.

This could be a pipe dream though, but i feel investing any real money in BTC is dangerous, my best friend did it, made out good, but he was lucky. You can only mine BTC with a Custom Asic now. I got my second off ebay for $1300 before the boom. Now they are $3000+ . So im telling anyone who want into cryptocurrancy to at least look into litecoin. You can mine it at least.


Jenni wrote:
I drunk. I don't fucking care!
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Stormwolf




Posts: 23687
Location: Norway
PostPosted: Thu, 28th Nov 2013 17:54    Post subject:
sausje wrote:
Bitcoin blunder: Man throws $7.2mn of crypto-currency into landfill

Quote:
A computer programmer from South Wales has accidentally thrown a digital wallet with 7,500 bitcoins into landfill. Now the hard drive worth $7.2million is buried four feet down.


If 7.2 million dollars is burried 4 feet below (no clue how deep it is with that retarded measurement system , but i'm guessing it's not deep) you start digging!
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zibz
Banned



Posts: 556

PostPosted: Thu, 28th Nov 2013 18:51    Post subject:
The people who got in on it cheap and kept their coins only to sell off now will be the lucky ones

Its the new ones who are coming in at the fag end of this bubble that will be miserable when this whole thing implodes

 Spoiler:
 




Stay Safe
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Bigperm




Posts: 1908
Location: Alberta,Canada
PostPosted: Thu, 28th Nov 2013 19:24    Post subject:
zibz wrote:
The people who got in on it cheap and kept their coins only to sell off now will be the lucky ones

Its the new ones who are coming in at the fag end of this bubble that will be miserable when this whole thing implodes

 Spoiler:
 




Stay Safe


Yup, its crazy thinking the amount of cash people have paid for my coins. But i am not complaining Smile


Jenni wrote:
I drunk. I don't fucking care!
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Airbag




Posts: 643
Location: The Netherlands
PostPosted: Thu, 28th Nov 2013 21:04    Post subject:
zibz wrote:
 Spoiler:
 


I expect it to take a bit of a tumble eventually, and stabilize at a value higher than what it started the climb at, like it did in the previous images... Rolling Eyes
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Axeleration




Posts: 814

PostPosted: Fri, 29th Nov 2013 12:52    Post subject:
http://bitcoinrichlist.com/top100

as always, majority of cash is held by the minority.
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Bigperm




Posts: 1908
Location: Alberta,Canada
PostPosted: Fri, 29th Nov 2013 18:25    Post subject:
Axeleration wrote:
http://bitcoinrichlist.com/top100

as always, majority of cash is held by the minority.


Because they are the one who took a chance. Took the risk. They get the reward. Very simple.


Jenni wrote:
I drunk. I don't fucking care!
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MisterBear




Posts: 940

PostPosted: Fri, 29th Nov 2013 21:51    Post subject:
A lot of them are market exchange addresses too, not 1 person.
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sabin1981
Mostly Cursed



Posts: 87805

PostPosted: Fri, 29th Nov 2013 21:54    Post subject:
I hate this currency because I hate myself for not buying into it when it first came out Sad 5000 of the bloody coins would have been less than $30 and would be worth $5,000,000 today. Oh well.
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no9999




Posts: 3437
Location: Behind you...
PostPosted: Sat, 30th Nov 2013 17:14    Post subject:
I got some coins yesterday.
Well not bitcoins but PPC.

My strategy is the same as the guy above.
Just forget about the coins and log in after a year or so Very Happy
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bloodian




Posts: 1026

PostPosted: Sun, 1st Dec 2013 18:23    Post subject:
sabin1981 wrote:
I hate this currency because I hate myself for not buying into it when it first came out Sad 5000 of the bloody coins would have been less than $30 and would be worth $5,000,000 today. Oh well.


yeah, i've had that feeling to until i've realised it's the same risk as with stock shares. You'd have to feel bad for not buying apple/walmart etc. shares years ago.

edit;

is there a guide or SOMETHING that covers this topic ? I don't understand shit about it. what's mining, who's paying for that currency and so on.
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Mefix




Posts: 173

PostPosted: Sun, 1st Dec 2013 21:00    Post subject:
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Airbag




Posts: 643
Location: The Netherlands
PostPosted: Sun, 1st Dec 2013 22:02    Post subject:
So easily influenced.. I'd hoped it would be more stable by now.
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bloodian




Posts: 1026

PostPosted: Sun, 1st Dec 2013 23:09    Post subject:
i havent the faintest idea about cryptocurrencies/economics.

http://coinmarketcap.com/

quarkcoin has a 300% raise in 24hours.

does that man that if i've bought 100$ worth of quarkcoins two days ago, today i could sell tham for 300$ ? or its not that easy.
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rgb#000
Banned



Posts: 5118

PostPosted: Mon, 2nd Dec 2013 08:26    Post subject:
bloodian wrote:
does that man that if i've bought 100$ worth of quarkcoins two days ago, today i could sell tham for 300$ ? or its not that easy.

don't think it's that easy. i heard stories that people have to sell bitcoin half the price or even less, now with something as unknown as quarkcoins you'll probably hardly make anything even after 300% jump.
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Bigperm




Posts: 1908
Location: Alberta,Canada
PostPosted: Tue, 3rd Dec 2013 18:07    Post subject:
Sunday was fun.


Jenni wrote:
I drunk. I don't fucking care!
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Invasor
Moderator



Posts: 7638
Location: On the road
PostPosted: Wed, 4th Dec 2013 01:34    Post subject:
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skx7




Posts: 1010

PostPosted: Wed, 4th Dec 2013 02:22    Post subject:
what a joke.... people still believe in bitcoins as a valid investment? Laughing
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spankie
VIP Member



Posts: 2958
Location: Belgium
PostPosted: Wed, 4th Dec 2013 12:03    Post subject:
skx7 wrote:
what a joke.... people still believe in bitcoins as a valid investment? Laughing


Let's go back to tulip bulbs... Apparently we are the dumbos and dont understand shit about currencies and etc.

They should read history, it keeps repeating itself again and again and again.

I think they should tax bitcoin profit as speculative investment profits. Let's see how many people stick to their superior 'currency'. Laughing Laughing

The only reason BTC exist is because you can fraud with it, buy drugs online or transfer money illicitly and anonymously. But newsflash, something else can do the same, those green notes in a wallet... At least it is backed by something I know, a government and central bank. Still prefer that institution above a community or some random japanese guy/myth
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spankie
VIP Member



Posts: 2958
Location: Belgium
PostPosted: Wed, 4th Dec 2013 12:09    Post subject:
sabin1981 wrote:
I hate this currency because I hate myself for not buying into it when it first came out Sad 5000 of the bloody coins would have been less than $30 and would be worth $5,000,000 today. Oh well.


Well, if you bought Google shares in 2005 you would have been rich as well, if you bought google call options with strike 100 at 2 cent in 2005 you would have x 1million your money by now. So yeah, too bad for you.

Still doesnt mean you should have bitcoins.

It is exactly the reason why bitcoins is not a good idea. People only buy them because they will go up (but who says so?). What's the intrinsic value. 0.0
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