11-27-2013, 07:32 PM
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#1 |
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FFR Player
Join Date: Aug 2013
Location: San Francisco, CA
Posts: 2,949
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Bitcoin $1K 7
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11-27-2013, 07:37 PM
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#2 |
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ITG playing fur
 
Join Date: Jul 2008
Location: USA
Posts: 3,660
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Re: Bitcoin $1K 7
I dont understand how someone makes actual money on bitcoin. Then again I'm not really familiar with virtual currency.
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11-27-2013, 07:38 PM
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#3 |
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FFR Player
Join Date: Aug 2013
Location: San Francisco, CA
Posts: 2,949
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Re: Bitcoin $1K 7
actual mining is barely worth the electricity costs without an optimized setup (which would require thousands of dollars of upfront investment)
trading is definitely the way to go |
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11-27-2013, 07:51 PM
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#4 |
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FFR Player
Join Date: Aug 2013
Location: San Francisco, CA
Posts: 2,949
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Re: Bitcoin $1K 7
personally speaking way back in march/april me and a bunch of my stats labmates were mulling over the bitcoin market
we regret not buying at $60 |
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11-27-2013, 07:54 PM
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#5 |
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FFR Player
Join Date: Nov 2003
Location: Alphabet City, Manhattan
Age: 35
Posts: 1,756
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Re: Bitcoin $1K 7
I've been in since it was at $100+ this summer. The past month has been nuts.
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11-27-2013, 07:56 PM
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#6 |
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Administrator
User Administrator
 
Join Date: Dec 2007
Location: Vancouver, BC
Age: 29
Posts: 3,902
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Re: Bitcoin $1K 7
"I regret not buying at $1000" etc.
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11-27-2013, 08:10 PM
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#7 | ||
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FFR Player
Join Date: Aug 2013
Location: San Francisco, CA
Posts: 2,949
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Re: Bitcoin $1K 7
Quote:
also long time no see lol, mr oldie Quote:
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11-27-2013, 08:14 PM
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#8 |
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The Chill Keeper
Join Date: Oct 2007
Posts: 4,127
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Re: Bitcoin $1K 7
This reminds me.
I need to check my Neopets stocks. It's been a couple years.
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11-27-2013, 08:48 PM
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#9 |
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x'); DROP TABLE FFR;--
Join Date: Nov 2010
Posts: 6,332
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Re: Bitcoin $1K 7
"Ah shit (financial commodity X) is now worth (some huge value $A) when it used to be (relatively affordable value $B), I should have gotten in sooner!"
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11-27-2013, 08:58 PM
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#10 |
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FFR Player
Join Date: Aug 2013
Location: San Francisco, CA
Posts: 2,949
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Re: Bitcoin $1K 7
in hindsight everything makes sense
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11-27-2013, 08:58 PM
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#11 |
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FFR Player
Join Date: Aug 2013
Location: San Francisco, CA
Posts: 2,949
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Re: Bitcoin $1K 7
the real question is when will you exit
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11-27-2013, 10:39 PM
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#12 |
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Forum User
Join Date: Nov 2006
Location: Canada
Age: 31
Posts: 2,396
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Re: Bitcoin $1K 7
I wish I had the guts to get into the silkroad drug scene. Mostly because the leftover bitcoins would be making me rich
 I have 0.053 BTC which is 50 bucks I didn't have, was pennies a few months ago. Can't complain I guess :C What about litecoins now. My friend had been mining tons and it jumped 20 bucks yesterday apparently. I doubt they will get inflated like BTC though. Unless of course everyone wants to buy as much of them as they can because they feel like they could inflate. Maybe I should do that too...
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11-28-2013, 01:53 AM
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#13 |
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Banned
Join Date: Aug 2008
Posts: 4,677
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Re: Bitcoin $1K 7
Naw dude invest in real money like those chocolate coins in gold tin foil
edit: you can pick up 10 of these things for a dollar, buy em well you can! (im not getting a commission or anything...) |
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11-28-2013, 02:46 AM
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#14 |
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ごめんなさい (/ω＼)
Join Date: Aug 2012
Age: 28
Posts: 2,290
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Re: Bitcoin $1K 7
...wtf it's seriously spiked lately. I was talking to a friend about this. He got in early I'm pretty sure. Fukken bastard.
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11-28-2013, 06:26 AM
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#15 |
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FFR Player
Join Date: Sep 2012
Location: England
Posts: 466
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Re: Bitcoin $1K 7
i might have actually picked one up at 210 quid if it weren't for litodude's post in that thread damn it
i hate life
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 Theorem: If you have a large enough number of monkeys, and a large enough number of computer keyboards, one of them will sight-read AAA death piano on stealth. And the ffr community will forever worship it. Proof Example ask me anything here mashed FCs: 329 |
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11-28-2013, 10:04 AM
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#16 |
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FFR Player
Join Date: Nov 2003
Location: Alphabet City, Manhattan
Age: 35
Posts: 1,756
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Re: Bitcoin $1K 7
I'm holding what I have and waiting for a correction to buy back in. If the correction never comes, well, I'll still be making money. Technically, you can STILL buy in... you can buy fractions of a bitcoin, so you don't necessarily have to pay $1,000 for a full coin.
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11-28-2013, 10:31 AM
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#17 |
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x'); DROP TABLE FFR;--
Join Date: Nov 2010
Posts: 6,332
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Re: Bitcoin $1K 7
Someone outline the process for me: How do you buy bitcoin, and how do you sell it for actual money? I'm curious how the process works.
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11-28-2013, 12:56 PM
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#18 |
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Nescio quid faciam
Join Date: Jul 2004
Location: Edmonton, AB
Posts: 892
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Re: Bitcoin $1K 7
Basically you are assigned two keys when you run the software, one acts as an address that people can send coins to and the other as a private identifier. It then combines your private key and their public key with the bitcoins being transfered and sends that data out over the network so other clients track and verify the transaction.
From there the transaction is pretty straightforward. Find buyer/seller, Exchange keys, etc.
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Last edited by omega_grunt666; 11-28-2013 at 01:00 PM.. |
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11-28-2013, 01:15 PM
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#19 |
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Forum User
Join Date: Nov 2006
Location: Canada
Age: 31
Posts: 2,396
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Re: Bitcoin $1K 7
There's also websites with open exchanges, buying/selling of bitcoins that are pretty fast. MTgox is one of em, but there's tons of others.
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11-28-2013, 05:22 PM
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#20 |
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Legendary Noob
Join Date: Sep 2005
Age: 38
Posts: 4,641
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Re: Bitcoin $1K 7
out.
also, we'll see what happens when value is placed on something that has no inherent value in and of itself...
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