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  • EADD Moderators: Pissed_and_messed | Shinji Ikari

Bitcoins

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so tired of this obvious price manipulation of Bitcoins

the people who are in control of the key services that make it go are definitely buying low and selling high repeatedly over a span of x amount of days. everyone else is just either salty like me waiting for some changes to happen or thinks they are uber smart for watching a fucking number go up or down

done with this BitBULLSHIT, done with this baseless price rises and falls, maybe not done with using them but my god, this whole economy is such a crock of shit based off absolutely nothing but drugs. When you have to acquire the goods you are selling for bitcoins via fiat currency to begin with (and therefore, priced according to BTC's fiat value), seriously, what's the fucking point?

there isn't one, just give me my fucking drugs

go mainstream off a bridge as far as im concerned you stupid FUCKING BITHEADS


*note* this isn't aimed at anyone in this thread, just blowing off some steam for making the mistake of visiting bitcointalk and expecting to not hear a bunch of bullshit for once, EVER
 
^ There's no such BitBullshit going on here, son.

If I sell my bitcoin I purchased last week, right now, I've gained £10 already

Value has risen progressively over a sustained period of time...look at the charts.... people on this thread have already made hundreds

The bitBusiness, is serious business.
 
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Interesting..

Bitcoin, in its present form, has a stark resemblance to gold. Both are backed by no one. Both are, relative to fiat currency, inconvenient for day to day use. Your gold coins or bitcoins (yet) won’t do much good at the grocery store. Both lack intrinsic value. If the apocalypse arrived tomorrow, your gold and BTC won’t help you survive against the zombies. Both have value only because society has confidence that they will maintain said value over time.

Bitcoin, of course, has been around only since 2009, so it doesn’t have the same kind of long term credibility. But the supply of bitcoins, like gold, are also constrained, built into its elegant mathematical model. There’s hard limit of 21 million bitcoins to be mined, which is predetermined to be reached during the year 2140. So as bitcoin demand and adoption continue to outpace its supply, its price will increase in lockstep.

So why bitcoin? Because bitcoin is gold on steroids, designed for a society that lives through the internet. Bitcoin is designed with the ideals of the contemporary cyber movement in mind: decentralization, peer to peer, cryptography. Easily transferable in ones and zeros, it’s a storage of value for a virtual society. As a payment system, it's a temporal store of money that can be easily sent across the globe securely and speedily without counterparty risk. No matter the price of bitcoin, these benefits will always give it purpose. With bitcoin trading over $60, its market capitalization is approaching $700 million.
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Now.. what is it that is being mined? 8(
 
People use VPN's to hide their location... while surfing the marketplace... cuz you never know if there are some officials watching
 
parttime crackhead said:
Has anyone seen the latest Guardian/Snowden/NSA shit? It appears your VPN, PGP etc etc is all fucked and pointless. Brilliant.
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Glad i never bothered trying to get to grips with it then. On a forum attached to a place where bit coins are spent it advises everyone to pgp encrypt a small external hard disk drive and have your tor browser, and do all your bitcoin trading and communication through that. It was so fuckin complicated i never bothered. I dont think its necessary for the buyers, but the big time dealers probably thought theyd need to do all that for the supposed extra security.
 
I dread to think. This Bupe malarkey is fuckin expensive. Thats a big incentive to stop this stupidity. Lets just say the free £3,500 i gained through the bitcoin boom has long gone, and my savings are fuckin plundered too. A situation Im not very happy with at all. The worst thing is its all of my own doing. :\
 
mydrugbuddy said:
I dread to think. This Bupe malarkey is fuckin expensive. Thats a big incentive to stop this stupidity. Lets just say the free £3,500 i gained through the bitcoin boom has long gone, and my savings are fuckin plundered too. A situation Im not very happy with at all. The worst thing is its all of my own doing. :\
Click to expand...

Atleast you accept it was your own doing, did you enjoy spending the money? that is the most important thing in all of this=D
 
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