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Science and Technology "Somewhere, something incredible is waiting to be known." - Carl Sagan.

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Old November 12 2013, 06:23 PM   #16
Robert Maxwell
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Re: Bitcoin - What exactly is the big deal?

Chinese BTC exchange simply vanishes, taking over $4 million in virtual currency with it.
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Old November 12 2013, 06:47 PM   #17
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Re: Bitcoin - What exactly is the big deal?

check between the couch cushions?
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Old November 16 2013, 10:15 PM   #18
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Re: Bitcoin - What exactly is the big deal?

It's just tax-evading libertarian ex-patriot BS.
http://slant.investorplace.com/2013/...road-bitcoins/
Drug dealers, sex tourists, crooks of every type get in on this.
http://abcnews.go.com/US/silk-road-w...ry?id=20446005

Best to stay away from it.
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Old November 17 2013, 12:44 AM   #19
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Re: Bitcoin - What exactly is the big deal?

Your information is poor and out of date.
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Old November 17 2013, 04:01 AM   #20
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Re: Bitcoin - What exactly is the big deal?

^ In what way?
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Old November 17 2013, 06:13 AM   #21
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Re: Bitcoin - What exactly is the big deal?

Mr. Laser Beam wrote: View Post
^ In what way?
In his characterization of it. You can say the exact same things about good old cash. The two links provided are from the silk road seizure which actually had no real impact on bit coin's value.

I think it's a bit of a gamble and I wouldn't bet my life savings on them, but I see enough upside to throw some money at it and let it ride. It's nearly doubled in value since I purchased around 10 days ago. Bubble? yeah, good possibility. the question is when the current bubble pops, how low will it drop and will it resume the steady climb in value it's had for the last 3 years?
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Old November 22 2013, 08:38 PM   #22
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Re: Bitcoin - What exactly is the big deal?

I got extremely lucky with this. Almost two months ago I purchased half a bit coin for 70 bucks mainly just to learn about bit coin. Well I kind of forgot about it until I saw recent headlines that it was skyrocketing. Today I checked and my half coin was worth 380.00. Sold it in a heart beat. I got more than a 500 percent return on investment in two months and never really intended it as an investment.
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Old November 22 2013, 10:11 PM   #23
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Re: Bitcoin - What exactly is the big deal?

Yeah, it's been fun to watch.
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Old November 27 2013, 06:32 PM   #24
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Re: Bitcoin - What exactly is the big deal?

sojourner wrote: View Post
So, after doing some recent research on where bitcoin is headed I decided to gamble $1000 last week and ride it out for a year or two and see how it goes. Wish me luck!

Must be nice to just throw a grand away and "hope" it pans out..
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Old November 27 2013, 08:40 PM   #25
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Re: Bitcoin - What exactly is the big deal?

well, yes. That's kinda how investment works, after all. It's a gamble. The higher the potential for growth, more potential for loss as well. You risk what you're comfortable with.

Hell, PurpleBuddha is probably kicking himself right now. His $70 investment was sold for $380 and he was happy, but if he had sold it today, a week later, he'd have had a little over $500 instead.

Market for this is kinda crazy right now. I was tempted to join in, but feel like I kind missed it. Maybe next time it takes a crazy 50% dip...
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Old November 28 2013, 02:20 PM   #26
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Re: Bitcoin - What exactly is the big deal?

Bitcoin, meh. The future lies in tulips.
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Old November 29 2013, 03:06 AM   #27
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Re: Bitcoin - What exactly is the big deal?

Scout101 wrote: View Post
well, yes. That's kinda how investment works, after all. It's a gamble. The higher the potential for growth, more potential for loss as well. You risk what you're comfortable with.

Hell, PurpleBuddha is probably kicking himself right now. His $70 investment was sold for $380 and he was happy, but if he had sold it today, a week later, he'd have had a little over $500 instead.

Market for this is kinda crazy right now. I was tempted to join in, but feel like I kind missed it. Maybe next time it takes a crazy 50% dip...
I am not kicking myself at all. I made a 500 percent return in a month and a half. Even though I didn't originally consider it an investment (too small), anything I do invest I have personal lines where I will not gamble beyond. In the long run that servers me well. Sure in retrospect I could have made more, but I was happy enough with the return as it was to take it then rather continue the risk.

Maybe given the small amount involved I could have just sat back and watched what would happen, but I don't like to push that line too much.
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Old November 30 2013, 12:32 PM   #28
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Re: Bitcoin - What exactly is the big deal?

Man Throws Away 7,500 Bitcoins, Now Worth $7.5 Million
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Old November 30 2013, 11:04 PM   #29
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Re: Bitcoin - What exactly is the big deal?

Saturn0660 wrote: View Post
sojourner wrote: View Post
So, after doing some recent research on where bitcoin is headed I decided to gamble $1000 last week and ride it out for a year or two and see how it goes. Wish me luck!

Must be nice to just throw a grand away and "hope" it pans out..
Meh, I've got better odds than buying lottery tickets. Besides $1000 isn't a life changing amount to lose as long as my bills are covered. It's been entertaining to watch at the very least. Currently that $1000 investment is worth roughly $4500 after only 3 weeks. If it goes the way of the tulips, well, that will delay the new computer I was going to build, but it won't kill me.
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Old December 18 2013, 06:21 PM   #30
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Re: Bitcoin - What exactly is the big deal?

Bitcoin is crashing hard right now, it seems.

The bitcoin subreddit is panicking at the moment (with links to suicide hotlines and everything).
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