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  • EADD Moderators: Pissed_and_messed | Shinji Ikari

Bitcoins

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shimazu said:
drugs are the number one reason bitcoins are even relevant right now and once drugs make their way into other coins people will realize bitcoins are just a name and code, not some precious commodity.

But to act like they arent "real" is false as well because you can purchase real things with them.
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Wrong
 
mydrugbuddy said:
yeah had a stressfull afternoon jan, and my fingers cant keep up with the stims. I was walking down Wythenshawe High street thiis afternoon like a madman booting and chucking street furnture. (oh how big and clever of me, bet you all wish you could be as hard as me and do that :\) Surprised i didnt get beaten up tbh. Maybe my angry face maikes pppl leave me alone. Unless i meet someone simillar coming the other way. WTF am i on abt sorry. That not my usual behaviour anyway. Only when im very angry, which is very rare in itself.. Thats my excuse.

It seems i stupidly told the CAB i had savings when i first left work due to being on the verge of cracking up. I'll have to ask them aboout confidentiality. Ofcourse i was away with the fairies even more than normal at that time, and my statemnetnst were those of a madman, not to be taken seriously.

Ive just taken the plunge, im trying a sell a $7 BC for £97. I'll look on it as loosing £7 not £97 if it fucks up, or i get suckered.

Dont wanat to tempt the fate of the Gods so im not saying anything else. But. Prayers.all.answered,maybe, to, are....

OH GOD i want to sell NOw, BUT I DONT KNOW HOW TO DO IT, MY £250 IS NOW ALMOST WORTH £5,000.

Any1 knowledgable, trustworthy, and ideally known to me online, I havent met any1 in person, willing to help me transfer BCs into money in the bank? all your time, knowledge, expertise will be generously re-imbursed.


As far as ive understood so far its a closed and locked in currency ? Not really what i need.

LEA, im not gonna be spending this on a mound of drugs like Pacino in Scarface, i need the money to live. No job, no income, no benefits. Thankyou Mr Cameron. The state truely sucks arse as our american cousins say, dont they ?
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Take them to one of the exchanges, I'd go with Bitstamp. Lock in the value by selling your bitcoins by selling them. Withdraw them very slowly. Almost certainly your bank account will get locked by your bank if you try withdrawing the whole amount
 
Mendo_K said:
Take out that place and I think bitcoins would lose about 70% of its trade...

Anyway they seem to be creeping back up again, weighted average £80, .. what from £45 a few days ago?.. :)
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It doesn't even account for 1% of the trade in bitcoins
 
Another way is by withdrawing the coins to an anonymous Polish bank card. The cards cost about 30 quid and come with an account number and sort code you can make withdrawals to
 
You can still be tracked via ATM cameras, anyway I think were straying off territory. SR and BMR trade dosent even account for 1% of bitcoins? Whered you get that? Theres currently around 10m bitcoins, and there is a planned cap on them..

I think in the very early stages it had a large market share, now all traders are involved etc I very much doubt it, it still had a large part to play though.

A site that turns over "according to forbes" around 1.6m a month? And thats just the one site.. theres loads, not accounting for all email transcations etc...
 
It'd be interesting to see a pie chart, or something as simple, showing what they are spent on. I'm sure I could Google it, but someone might have a better idea. 1% sounds too low. More than 1% of actual cash is spent on drugs, surely, never mind Bitcoins...
 
Crack4Lyfe said:
Take them to one of the exchanges, I'd go with Bitstamp. Lock in the value by selling your bitcoins by selling them. Withdraw them very slowly. Almost certainly your bank account will get locked by your bank if you try withdrawing the whole amount
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so i transfered my labour into earnings into money in the banck, then to bitcoins in intersango, then to Bit Coins in bitstamp. Fuckin Wow. Thanks. Hugs.

Dont get the polish ATM card thing though. Sounds very dodgy. But n/v/m i'll try bit stamp first.

they've dropped from the peak value i saw of 49 something to 48837. Bastards lol.
 
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NO JOKE

World`s first bitcoin ATM is announced first location Cyprus
Upon examination of the marketplace and many discussions with Justin O’Connell (TDV Newsletter & Gold Silver Bitcoin), as well as another key strategic partner of ours, I have decided to move forward with what I believe could be the next multi-billion dollar business venture: Bitcoin ATM.
Vice
20th March, 2013
When Governments Take Your Money, Bitcoin Looks Really Good

not sure whether to be alarmed, relieved, or what to think atall in fact. :\

Any1 want some discounted BCs (that have already got an account set up with an agent and an encrypted ID) ? There seems to be different prices qouted everywhere, we'll have to agree on that, and then the BLer discount afterwards....
 
Second day running at over £80 apiece. Seems a good time to cash in, MDB. That's one helluva profit you made. Is it really that much hassle to get actual money for them? They do seem a bit of a faff. I'd probably just spunk the lot on loads of drugs if I happened to have acquired a few when they were cheap as fuck.
 
hahaha. a bitcoin atm in cyprus sounds like an excellent way to fuck their economy over even more.
 
it is all very locked in and a real bastard to get out. I have spent all of one hour learning about it though lol.

i think bitstamp will do it, but they want photocopied passports etc.

onto it now. Whilst price is good.

Not counting my chickens yet. But if this comes off me and life will be on level terms. Like most people Its dealt me plenty a bitter bitter blow, but 5k would give me time to really transform my life AND go travelling. Dont get carried away yet mdb.

i couldnt spend 5g on drugs. Id be dead within 5 hours. No self control. All those opis, piles of finest quality coke and speed. pre ban meph. Im almost coming in my pants lol. Maybe i 'll keep £100 or £200 for the luxurious highway.
 
mtgox goes up and down like a whores knickers, if she actually wears any.

theres so many if and buts (not arses) but a speculator might think BITCOIN will become huge in Cyprus given their problems. He could make vast fortunes, or loose it all.

Myself, Im just gonna cash in all i can as quick as i can. If bitcoins later are worth millions, good for them, they will still have helped me through this 'reconstruction' phase im going through....

Looks like theres several intermediaries involved: intersango - bitstamp - international bank - my own bank. What could possibly go wrong.

(only this instant realised how blind ive been, and remembered that the smoothest road has a huge forum affiliated to it, I'll get my answers there. If i cant motivate myself to get to grips with all that someone please line me up against a wall and shoot me)
 
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Isn't there a limit on bitcoin - and the cut off point isn't massive in terms of large amounts of money? That was what always made me wonder how it could become something mass scale to have the likes of ATMs. It just seems to be a black market form of exchange at the minute.
 
xTalK said:
Isn't there a limit on bitcoin - and the cut off point isn't massive in terms of large amounts of money? That was what always made me wonder how it could become something mass scale to have the likes of ATMs. It just seems to be a black market form of exchange at the minute.
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THe cut off limit is around 21m coins, I think it stands at currently about half that.
 
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