Bitcoins are officially donkdown

[garrett]

Sonatine you are full of shit. Prove you ever made a dime off any BTC. Just 1 even.

Thread gets good, and then you come along shitting it all up, talk talk talk, profess profess profess, and in reality you sound like a fucking idiot.

[Sanlmar]

2:1 odds that we won't see Bitcoin at $400/coin again by Dec 31, 2015.

10 bitcoin bet payable to me at the point where it hits 400 or 5 bitcoin on Dec31 2015 to you if it never hits 400?

Offer and acceptance.

Toasteroven is set to timed bake.

[BetCheckBet]

The irony of everyone discussing bitcoins collapse is that it is still about 40% higher than when this thread was made 19 months ago. Essentially if you bought back then and sold today you'd have made a great profit!

[Sanlmar]

The irony of everyone discussing bitcoins collapse is that it is still about 40% higher than when this thread was made 19 months ago. Essentially if you bought back then and sold today you'd have made a great profit!

It's fun & embarrassing to read the first few pages of thread.

Your right. Still a fine run from that point. Except that nearly nobody bought then and if they did who held after the first double or triple?

Most bought after the mania set in.

[sonatine]

$162

[sonatine]

[sonatine]

[Dan Druff]

I'm seeing 191 right now

[lewfather]

196

[BeerAndPoker]

[zealanddonk]

This just shows that Micon makes a good showman (or goofy depending on your view) but not nearly as good as a businessman.

[Dan Druff]

2:1 odds that we won't see Bitcoin at $400/coin again by Dec 31, 2015.

10 bitcoin bet payable to me at the point where it hits 400 or 5 bitcoin on Dec31 2015 to you if it never hits 400?

You should try to run this offer on the bitcointalk forum, though. You might get some dumbasses going for it.

[Dan Druff]

Anyway, looks like some temporarily stabilization in the 200-220 range, if you can call that stable.

Much more likely to see another decline in the coming weeks/months than a rise back toward 300.

[Dan Druff]

10 bitcoin bet payable to me at the point where it hits 400 or 5 bitcoin on Dec31 2015 to you if it never hits 400?

Offer and acceptance.

Toasteroven is set to timed bake.

Wait, did you actually accept this???

[Sanlmar]

Offer and acceptance.

Toasteroven is set to timed bake.

Wait, did you actually accept this???

No. toaster and I fought over this via PM and agreed he would take your action as he was first.

2:1 odds that we won't see Bitcoin at $400/coin again by Dec 31, 2015.

10 bitcoin bet payable to me at the point where it hits 400 or 5 bitcoin on Dec31 2015 to you if it never hits 400?

[gauchojake]

you should wager a kidney with him. he needs it.

[ToasterOven]

you should wager a kidney with him. he needs it.

I could give 2:1 odds with kidneys.

[sonatine]

Everyone relax, it was all a big misunderstanding, and the Winklevoss twins are here to straighten everything out since everyone else are fuckups with no sense of vision.

Tyler and Cameron Winklevoss think they have the answer to Bitcoin's rocky 2014 and tumbling value: a "fully regulated" Bitcoin exchange based in the United States. If Bitcoin is to break through as the frictionless payment method many believe it can be, it must evolve into "an ecosystem that is free of hacking, fraud and security breaches," wrote Cameron Winklevoss in a blog post announcing the Gemini exchange.

Obviously the cryptocurrency isn't there yet, and the brothers — who waged a high-profile legal tussle with Facebook's Mark Zuckerberg — claim the risks associated with Bitcoin right now are crippling its potential. "A growing number of US investors, traders, financial institutions and businesses wanted to get involved with bitcoin directly, but had no options other than to trade overseas or sit on the sidelines."

GEMINI SAYS IT'LL HAVE TOP-NOTCH SECURITY AND FDIC INSURANCE

So what's the answer? Gemini claims to have assembled "the nation’s top security experts, technologists, and financial engineers to build a world-class exchange from the ground up with a security-first mentality." So far, that's a team of 14 people (including Tyler and Cameron), with 11 of those spots filled by engineers. Gemini has also picked up the backing of a New York-based bank, though the twins aren't getting more specific than that. "This means that your money will never leave the country," said Winklevoss. And US currency on Gemini will qualify for FDIC insurance, a measure that should have investors confident that funds will be "as safe and secure as they are in your bank account today."

Apparently seeing the total collapse of Mt. Gox and troubles experienced by other exchanges hasn't discouraged the Winklevoss brothers. "The A Team wasn’t there,” Tyler Winklevoss told The New York Times. "There was a problem here and it needs to be solved.” Gemini will be ready to try its hand at fixing that problem as soon as the exchange gains regulatory approval from Benjamin M. Lawsky, the superintendent of New York's Department of Financial Services; a test model of the exchange is already up and running, according to the Times. There's good reason for the Winklevoss brothers to pick up Bitcoin's reputation; they reportedly invested nearly $11 million in the currency back in 2012. For a while, that seemed like a good bet, but now the Winklevoss twins clearly see a need to bring some sense of order in the world of Bitcoin.

[gauchojake]

[Belly Buster]

Is the cycle complete?