Quote:
Originally Posted by bukowski72
None outside of GBEN which is how you know this is all bullshit.Quote:
Originally Posted by DirtyB
:this
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Quote:
Originally Posted by bukowski72None outside of GBEN which is how you know this is all bullshit.Quote:
Originally Posted by DirtyB
:this
Holy shit. That stock has lost 60% of its value since noon today.Quote:
Originally Posted by bukowski72None outside of GBEN which is how you know this is all bullshit.Quote:
Originally Posted by DirtyB
The impressive price increase of bitcoins is not evidence of anything besides high demand. With that said, I've never owned a bitcoin and I have no intention of doing so.
china wins
/thread
You can't argue with his postsQuote:
Originally Posted by WillieMcFML
I've said it many times. I hate bit coins. But they are going to continue to rise. Buy in now and get out after 20-50% gains
It would be a piece of cake to retrofit an existing atm to dish out cash for bitcoins. The process could be as easy as logging into a website from an offsite computer/device and transferring your bitcoins in return for an ATM withdrawal code. Walk to your atm, select the bitcoin withdrawal method and enter in your code for cash. Easy to write an iphone/android app to support it as well.
Last price:$88.24301 High:$88.48700
Last price:$88.50000 High:$88.50000
Serious question. Does it ever settle, If so how long?Quote:
Originally Posted by chinamaniac
Serious question. Do you know how the stock market works? It's the exact same concept.Quote:
Originally Posted by garrettSerious question. Does it ever settle, If so how long?Quote:
Originally Posted by chinamaniac
I shorted some Lennar the day after PLOL called it the lock of the year. Wish I could short some bitcoins. Anyone figure it out yet?
This is one key point why bitcoins will always go up until the catastrophic loss due to gov't/fraud/hack.Quote:
Originally Posted by snake_in_the_ass
Buy in now at 88 and sell at 120. Or if you would prefer, make a side bet with someone (I would do it) and escrow with Druff.
Last price:$87.15001 High:$89.24500
I was actually hoping they would take a crash and I could buy a bunch of them up but it doesn't look like that is going to happen. I am actually pissed I didn't buy a shitload when the stock dropped
I am with Simpdog here. I think I started posting updates in this thread 2 weeks ago and they were around $55? They are at close to $90 now!!!!!!!! If you bought 500 of these things for about $2800 a couple weeks back you have around $5400 now and profited $2600!!!
Everyone keeps talking about this huge crash and it may happen at some point. In the mean time people are making huge gains buying and selling these things. If you get in and get out I think it is worth the risk even right now.
If you bought 1000 of these things when they were $5 a pop for $5k you could cash out $90k right now.
Short term a lot of money has been made off these and how long it lasts nobody knows.
Will they crash when they hit $100 a pop or will they keep rising?
How high can they rise?
How long until the government "puts the clamps on" as some are predicting?
IMO if you play poker right now I think Seals with Clubs could be a gold mine -------> Buy in short --------> Donks are playing way higher than normal because bitcoins are rising-------> profit -------> + add in the fact that bitcoins are rising ---------> profit. IMO just cash out daily or every few days to try and prevent getting rolled if there is a huge crash. But the value of the games there must be pretty good right now. Desktop client + the user base has tripled in 3 months.
I am not going to buyin to Bitcoins or Seals right now but I am going to monitor this very closely because I find it rather fascinating watching the rise.
Well put...Quote:
Originally Posted by chinamaniac
It seems like the some of the demand here, is based around tertiary markets being created by vendors being created.
The more business pop-up and take this as a payment, the more the demand for that payment, would rise. Its interesting nothing overly mainstream has gotten involved though. Seems to be very much dependent on that happening. A crackdown might eliminate the willingness for many people/business to accept these things. Seems inevitable to me by just reading a thread or two anywhere, these things are being used for purchasing of illegal widgets, somewhere along the way.
Not long into the read you come across the aspect where some sorts of illegal things are popular with this currency. If and when a business or person realize this isnt the most stable payment to accept, the run on the bank may occur.
One unforeseen variable ofc. just speculation...
These bitcoins are the electronic version of Beanie Babies and Slammers. They have tripled in 1 month. They could double again, who knows. I will be shocked to these over 50 by year end.Quote:
Originally Posted by simpdogThis is one key point why bitcoins will always go up until the catastrophic loss due to gov't/fraud/hack.Quote:
Originally Posted by snake_in_the_ass
Buy in now at 88 and sell at 120. Or if you would prefer, make a side bet with someone (I would do it) and escrow with Druff.
I am enjoying watching the action too. Imagine buying a boatload of these at $5 when Micon was promoting it. Bitcoins are skyrocketing more than Yahoo stock back in 1998.Quote:
Originally Posted by chinamaniac
VERY bad example. Yahoo had a huge float. If anyone that has a load of shitcoins and dumps them, it will implode in seconds, not minutes.Quote:
Originally Posted by snake_in_the_assI am enjoying watching the action too. Imagine buying a boatload of these at $5 when Micon was promoting it. Bitcoins are skyrocketing more than Yahoo stock back in 1998.Quote:
Originally Posted by chinamaniac
This is nothing more than a seedy penny stock. The only reason anyone follows it here, is because a former website owner priced them to poker. LOL, good luck, you can sell maybe 10 of these things without affecting the price. Sounds like a solid investment.
Quote:
Originally Posted by The_PHAVERY bad example. Yahoo had a huge float. If anyone that has a load of shitcoins and dumps them, it will implode in seconds, not minutes.Quote:
Originally Posted by snake_in_the_ass
This is nothing more than a seedy penny stock. The only reason anyone follows it here, is because a former website owner priced them to poker. LOL, good luck, you can sell maybe 10 of these things without affecting the price. Sounds like a solid investment.
Back this statement up. How many bitcoins are in circulation, what is the volume traded per day?
Quote:
Originally Posted by chinamaniac
There was a small article in Barron's this past weekend regarding bitcoins and the surge in price. Basically they argued the fail of the country Cyprus will do nothing but help the bitcoin currency as well as other possible problems with the euro. The article also stated there are betting lines being put up whether or not bitcoins will hit $500 per. Barron's seemed to think this has a legitimate shot of sticking around for a while. I'm personally not invested but I wish I dropped about 10k on it a few months ago.
Totally insane. This is a fucking fabricated stock. It's stock is based upon "trust". Are you fucking kidding me? There is NOTHING this is based upon other than some dude from Japan who invented it in 2009.
THERE IS NO FLOAT. Someone buys 10 bitcoins it goes up a $1. You cannot buy ANYTHING other than black market shit.
China, since you are so interested in pumping shitcoins how about you post some penny stocks? Very small.
They are going up too quickly I expect a crash eventually but who knows they might hit $120 or $150 before it happens.
http://uberhumor.com/wp-content/uplo...03/tgmWNPR.gif
I wonder if that JAP is going to "print" himself a few hundred thousand bitcoins and cashout before this inevitably implodes. Predicting a 50% down day in one 24 hour session before the end of summer.Quote:
Originally Posted by The_PHA
Take Econ 101 and come back with a new view on Bitcoins please.Quote:
Originally Posted by The_PHA
Last price:$91.71749 High:$91.91141
getting closer to the $100 barrier. There was talks of this shit crashing @ 100 but I think we are going to see it take off like a fucking rocket for a while. Maybe 250+ very soon
Last price:$92.88000 High:$92.91912
Last price:$92.00000 High:$93.15000
this is making some people very rich
the scary part is i think it's just beginning to build real momentum
there's obviously going to be a bubble at some point but it looks good for now
Micon probably sitting back saying this everyone right now:
http://www.youtube.com/watch?v=jqNe72HO-0k
Does anyone know how many bitcoins Micon has? I hope he has a ton of them, he is a true visionary.Quote:
Originally Posted by BeerAndPoker
Bitcoin Bonanza: Cyprus Crisis Boosts Digital Dollars
http://www.cnbc.com/id/100597242
Much more: http://www.cnbc.com/id/100597242Quote:
They won't make a sound no matter how many of them you try to toss in a bucket, and you can't pitch them in a fountain and wish for good luck. But make no mistake, bitcoins are getting big.
The online alternative currency, previously little more than a curiosity in financial markets since its 2009 inception, has zoomed in trading value since the Cyprus banking crisis erupted two weeks ago.
With fears spreading that even insured deposits might not be safe in similar nations hit by banking crises, those looking for a haven to store their wealth have fled to the complicated world of digital cash.
"Incremental demand for bitcoin is coming from the geographic areas most affected by the Cypriot financial crisis—individuals in countries like Greece or Spain, worried that they will be next to feel the threat of deposit taxes," Nicholas Colas, chief market strategist at ConvergEx, said in a report on the startling trend.
Bitcoins operate on a network that, at least on the surface, resembles a typical exchange on the capital markets. Buyers can exchange their paper currencies for bitcoins and use them wherever they are accepted. Sellers can exchange their bitcoins back for their original currency.
But the value of the currency has been anything but typical.
Bitcoincharts.com lists the value of bitcoins compared to other currencies, including U.S. and Canadian dollars, euros and pounds.
On one of the U.S. currency exchanges, labeled "Mt. Gox," the bitcoin value has zoomed to more than $87 in Wednesday trade. That represents close to a 20 percent gain over just the past week, a one-month gain of 41 percent and nearly a quintupling of value in the past year.
The "Mt. Gox" euro trading has seen numbers nearly identical to the dollar pairing.
(Read More: Cyprus Controls to Hit Foreign Transactions)
A more sober perspective might suggest that bitcoins are at best a momentary bubble and at worst a risky chance to take considering their novelty.
But the trend also exemplifies just how nervous cash-holders are over the European situation.
"This is a clear sign that people are looking for alternative ways to get their money out of the country," said Christopher Vecchio, currency analyst at DailyFX. "If we're going to talk about the stability of the euro and whether or not there are going to be capital controls in place not just in Cyprus but around the euro zone, I think there is some efficacy behind bitcoins as an alternative liquidity vehicle."
The role of alternative currency had been falling largely to gold over the past several years. But the precious metal has been on a pretty aggressive downward path since its most recent peak in October.
Last price:$93.52001 High:$95.70000
Are volume traded numbers published? How many bitcoins are in circulation?
Edit: This run up could all be attributed to arbitrage. Someone electronically trading the differences in price on the various exchanges. ez game, wish I had thought of it.
DamnQuote:
Originally Posted by Deal
Hate on Micon all you want (and I certainly do) but the guy currently has over 1k bitcoins. That's nearly $100k
Additionally with his cut of the rake from seals with clubs he could have more money than druff in a few years.
Did he say publicly he has 1000 + bitcoins?Quote:
Originally Posted by BetCheckBet
all kidding aside. that's great for micon and his family. hopefully he cashes out half of that for a sizable score.
Micon has probably spent well over 2500 bitcoins, doubt he has 10 left now.
I keep hearing the term 'mining for bitcoins', wtf is that? Thought that was a warcraft term.
Quote:
Originally Posted by BetCheckBet
Quote:
Originally Posted by BetCheckBet
He will cash them in to play in WSOP and be busto again.
Does anybody know, are the Seals with Clubs player account bit-coin balances segregated?
Are there any cash out delays since the spike in bit-coin valuation?