10K: Bitcoin implodes... GG to those that fluffed it up. - Page 2 - GoFuckYourself.com

porno jew · 10-18-2011, 11:59 PM

porno jew · 10-19-2011, 12:06 AM

this is a crazy read http://buttcoin.org/has-bruce-wagner...coin-community

Internet Guy · 10-19-2011, 12:08 AM

As long as Silk Road is around and the Bitcoin continues to preform its basic function, regardless of the exchange rate, there will be a steady stream of funds flowing.

Back of the envelope guesstimate suggests $5k/day gross transactions, minimum. That's growing pretty quickly actually.

anexsia · 10-19-2011, 12:14 AM

Quote:

Originally Posted by Internet Guy

As long as Silk Road is around and the Bitcoin continues to preform its basic function, regardless of the exchange rate, there will be a steady stream of funds flowing.

Back of the envelope guesstimate suggests $5k/day gross transactions, minimum. That's growing pretty quickly actually.

Yup, although I don't think I would ever purchase anything off of Silk Road especially when they got in the news.

facialfreak · 10-19-2011, 01:18 AM

Quote:

Originally Posted by holograph

Lol... do you think a fiat is based on something more than that?

based on belief that it won't go down tomorrow? )))

Actually ... fiat currencies are backed by the country's debt!

raymor · 10-19-2011, 01:32 AM

Quote:

Originally Posted by Coup

Another right-wing libertarian success story

Funny, the while thing always had a hippy left wing flavor to me. A communaly created currency. Interesting.

It's interesting to consider what the value of a dollar or other currency is based on. Not nothing, actually. Initially, the value was set by the dollar being actually made of gold or silver.

raymor · 10-19-2011, 01:56 AM

What is the value of a dollar based on? Not nothing, actually. Initially, the value was set by the dollar being actually made of gold or silver. That history is important because it established a known value which only had to be roughly maintained. Next, they substituted gold certificates, which coulf be redeemed for gold. That still kept the value penned to gold. Next came treasury notes, which could be redeemed for certificates. The value still indirectly backed by gold. Then the treasury starting issuing a bit more notes than it had gold, but it didn't go crazy, ruining the economy. People came to trust that treasury wouldn't completely devalue the dollar because they EARNED that trust during a gradual transition. The US didn't completely end the holds standard until 1971, by which time the money was well trusted. Based a the entire history of this nation and others, people know that the government, through the fed, will keep the value of the dollar stable, with inflation of a few percent. That's why people a) know what a dollar is worth a b) trust it will be worth the same tomorrow. It's value was set by gold (and the Spanish dollar), maintained by gold for 200 years, and is now maintained by the full faith and credit of the United States. (Greatly devaluing the dollar would be constructive default.)

If bitcoin spent it's first 200 years being backed by gold and being run by an institution with the longevity and accountability of the government, you could trust that it wouldn't lose 90% of it's value in a month.

BIGTYMER · 10-19-2011, 02:20 AM

Its a fringe currency and always will be.

Internet Guy · 10-19-2011, 02:41 AM

The US (and Japan,Greece,France,Italy, etc) are currently in such ridiculous amounts of debt, at this rate, their currency won't be worth the paper it's printed on.

If the interest rates for Japanese gov debt increases by 2% more, that's the entire Japanese budget (tax revenues) for the year spent on interest payments.

The USA is a bit further away from a similar situation.

Bitcoin is supposedly based on cryptography, if it's truly legit and can stand the test of time - that would be magnificent, as we badly need an alternative here.

Coup · 10-19-2011, 04:06 AM

Quote:

Originally Posted by raymor

Funny, the while thing always had a hippy left wing flavor to me. A communaly created currency. Interesting.

I found it really interesting myself. But yeah, the core of bitcoin seemed to be largely pushed by gold standard lovin', ron paul fan, types. lol

Coup · 10-19-2011, 04:21 AM

The thing that cracks me up the most is the BITCOIN community thinking it was going to destroy evil fiat currency that's backed by "nothing" with an internet monopoly money backed by even less.

This "so what? ur fiat currency will fail soon too, cuz it's backed by nothing!" is some hilarious sour grapes shit.

porno jew · 10-19-2011, 05:47 AM

you are not reading about it in mother jones or counterpunch. this is some ron paul 2012 rw libertarian shit.

alt currency fetishism and paranoia is a right wing meme, always has been.

ilnjscb · 10-19-2011, 07:25 AM

Quote:

Originally Posted by L-Pink

.

ilnjscb · 10-19-2011, 07:28 AM

Sorry folks, the gold standard has been around for 6000 years at least - no one has based a currency on anything but gold or force successfully. Everything else is a bubble, usually generated by the early in early out investors.

TheSquealer · 10-19-2011, 07:36 AM

Quote:

Originally Posted by raymor

What is the value of a dollar based on? Not nothing, actually. Initially, the value was set by the dollar being actually made of gold or silver.

Currency is a commodity, its value is determined by supply and demand. No different than oil or orange juice or gold. Linking a piece of paper to a piece of gold doesn't make it suddenly "not a commodity". It simply ties the value of one commodity to that of another.

There is no strong demand for bitcoins. No real practical use for bitcoins other than to amuse some nerds. That has to change for their value to stabilize and strengthen.

Serge Litehead · 10-19-2011, 07:42 AM

Quote:

Originally Posted by raymor

What is the value of a dollar based on? Not nothing, actually. Initially, the value was set by the dollar being actually made of gold or silver. That history is important because it established a known value which only had to be roughly maintained. Next, they substituted gold certificates, which coulf be redeemed for gold. That still kept the value penned to gold. Next came treasury notes, which could be redeemed for certificates. The value still indirectly backed by gold. Then the treasury starting issuing a bit more notes than it had gold, but it didn't go crazy, ruining the economy. People came to trust that treasury wouldn't completely devalue the dollar because they EARNED that trust during a gradual transition. The US didn't completely end the holds standard until 1971, by which time the money was well trusted. Based a the entire history of this nation and others, people know that the government, through the fed, will keep the value of the dollar stable, with inflation of a few percent. That's why people a) know what a dollar is worth a b) trust it will be worth the same tomorrow. It's value was set by gold (and the Spanish dollar), maintained by gold for 200 years, and is now maintained by the full faith and credit of the United States. (Greatly devaluing the dollar would be constructive default.)

If bitcoin spent it's first 200 years being backed by gold and being run by an institution with the longevity and accountability of the government, you could trust that it wouldn't lose 90% of it's value in a month.

So the fiat is not backed by anything tangible, solely relies on faith and hope that those in power won't screw up economics any more than they have. sounds like sound currency, let them inflate national debt even more, continue expanding government, continue have deficits, continue to suck on pension and social security funds, while draining more value out of dollar (or any other fiat)

The fiat we can trust in, lol

wehateporn · 10-19-2011, 07:44 AM

Quote:

Originally Posted by ilnjscb

Sorry folks, the gold standard has been around for 6000 years at least - no one has based a currency on anything but gold or force successfully. Everything else is a bubble, usually generated by the early in early out investors.

Which gold standard currencies are you talking about specifically?

porno jew · 10-19-2011, 07:45 AM

Quote:

Originally Posted by TheSquealer

Currency is a commodity, its value is determined by supply and demand. No different than oil or orange juice or gold. Linking a piece of paper to a piece of gold doesn't make it suddenly "not a commodity". It simply ties the value of one commodity to that of another.

There is no strong demand for bitcoins. No real practical use for bitcoins other than to amuse some nerds. That has to change for their value to stabilize and strengthen.

and the people who are attracted to this type of shit have the attention span of a goldfish. they have lost interest already and are moving on to the next epoch shattering revolution they can be part of from their bedroom.

wehateporn · 10-19-2011, 08:15 AM

Quote:

Originally Posted by porno jew

and the people who are attracted to this type of shit have the attention span of a goldfish. they have lost interest already and are moving on to the next epoch shattering revolution they can be part of from their bedroom.

Tip of the day - Lottery Tickets

ilnjscb · 10-19-2011, 02:01 PM

Quote:

Originally Posted by wehateporn

Which gold standard currencies are you talking about specifically?

Hmmm, lets see, rather than name every country there was before the 1833, I'll just say every country there was before 1833. After that, most successful currencies were backed by force, though gold has still been held in great quantities.

uno · 10-19-2011, 11:40 PM

Quote:

Originally Posted by Sunny Day

you might spend time reading Confusions and Delusions: Tulipmania, the South Sea Bubble and the Madness of Crowds and a few hundred books written since then about scams and overhyped markets. Tupliamania made many rich, but they kept reinvesting, only to lose it all,when the tulip bubble burst. One of the few winners of Tupliamania, was a hunchback who, for a few Guilders, let people, buying & selling tulips to use his back, as a desk for the signing of the bill of sale.

MY post from 4/4/11
In the Depression, many small towns created Wooden Nickles, as the townsfolk needed to buy & sell, but there was no cash.
In the 70's & 80's somebody (we'll call X), in a major city would start a barter currency. You agreed with someone to trade a service or goods. The advertising business was the model for this trading ads for restaurant meals. As with most transactions, you might have a trade imbalance, i.e. a car for x number of haircuts. If you didn't want haircuts, you took trade dollars. Transactions went through X for a 2% fee. You could also buy trade dollars. X always seem to print money for himself and counterfeiting was also a problem. These barter services usually folded in a year or two.
Then somebody had Real Dollars, that usually were in tourist or college towns. The idea was to show the money was helping to show money circulating in the town rather than hoarding or being spent out of town. But like Disney Money, people saved them for the pretty pictures on them. Real Dollars are gone, just like so many topless bars that printed their own currency.
As for BitCoins, I looked yesterday at a site that severely limited how many you could buy a month (probably they had a small supply). This makes it difficult if you need some to make a major purchase now. Other problem, since you really don't know who you're dealing with, opposed to PayPal or a postal address, they burn you, there's no recourse.
Lastly, the claim of there will be only 21,000,000 created. If BitCoin takes off, they will go up in value as more people need them. At some point they will become so valuable, most people can't afford them and the market will collapse or suddenly more will be created causing deflation.

A Random Walk Down Wall Street has a great chapter or 2 about bubbles over the years.

Penny24Seven · 12-20-2013, 10:36 AM

LOL look at the know it all posts in here. I love it.

Creatine · 12-20-2013, 10:55 AM

What the fuck is everyone talking about. 1 Bitcoin is worth nearly $700 as of now. That's still dam good.

I have 8 cents worth of coins.

Going to be rich as fuck when bitcoin goes back up to 1,000!

Wellness Cash · 12-20-2013, 10:59 AM

Quote:

Originally Posted by Creatine

What the fuck is everyone talking about. 1 Bitcoin is worth nearly $700 as of now. That's still dam good.
[/URL]

Going to be rich as fuck when bitcoin goes back up to 1,000!

Old thread that got bumped.

edgeprod · 12-20-2013, 11:12 AM

Quote:

Originally Posted by Creatine

What the fuck is everyone talking about. 1 Bitcoin is worth nearly $700 as of now. That's still dam good.

Was a stupid thread back then, and no one really made fun of the stupidity of it until now. The Bitcoin crowd made a killing, and morons who were making threads like these got left out in the cold.

DAMNMAN · 12-20-2013, 11:21 AM

Resurrected to shove in the face of bitcoin detractors? NICE!!!

I have a feeling the next year is going to be fucking crazy with bitcoin. At the convention in Vegas there were VC capitol guys everywhere and even states attorneys for various states trying to get ahead of the tsunami that's coming.

Creatine · 12-20-2013, 11:32 AM

I'm just trying to get as much bitcoins as I can. I cannot mine since my computer is a pile of shit and they're far to expensive to purchase for me.

I got 8 cents worth of coins using

http://freebitco.in/?r=73876

Choopa Phil · 12-20-2013, 11:38 AM

Quote:

Originally Posted by edgeprod

Was a stupid thread back then, and no one really made fun of the stupidity of it until now. The Bitcoin crowd made a killing, and morons who were making threads like these got left out in the cold.

THIS x 1000000 The best is the members who you can tell are upset they didnt get on the bandwagon sooner. Their posts are soooo sour towards bitcoins. Hate to say it but...told ya so. And expect 1k marks again after xmas

dyna mo · 12-20-2013, 11:41 AM

the comparisons to tulip mania are the best! that tale was debunked as bullshit a long time ago.

DBS.US · 12-20-2013, 11:42 AM

1 btc = $662.52999 usd

http://losangeles.craigslist.org/lac...252717107.html

ilnjscb · 12-20-2013, 11:43 AM

I'm still here - still saying it is a bubble. If you make money off it, good for you. There are 1000s of bubbles all the time, and those in late always get killed, and those who hold for "just a little longer" always get killed. I said it above and I'll say it again: the early ins and the early outs are the ones who benefit.

Anyone here a bitcoin millionaire?

dyna mo · 12-20-2013, 11:50 AM

Quote:

Originally Posted by ilnjscb

I'm still here - still saying it is a bubble. If you make money off it, good for you. There are 1000s of bubbles all the time, and those in late always get killed, and those who hold for "just a little longer" always get killed. I said it above and I'll say it again: the early ins and the early outs are the ones who benefit.

Anyone here a bitcoin millionaire?

was the stock market crash in 1929 a bubble?

dyna mo · 12-20-2013, 11:52 AM

gold is a bubble, sell sell sell!

Niktamer · 12-20-2013, 12:15 PM

I'm reading old log between me and my partner who wanted to buy 50-100k of bitcoins when they were 50$ !!

kicking myself in the butt!

ilnjscb · 12-20-2013, 12:15 PM

Quote:

Originally Posted by dyna mo

was the stock market crash in 1929 a bubble?

Market index vs. cryptocurrency? While we're doing that, is agriculture a bubble? An index is just a way to track representative securities. It has no value per se and can't be spent. To speculate on it requires an instrument. There have been numerous bubbles of individual names within all the major indexes, though. HGSI anyone?

What is funny is there are always people like you, ridiculing anyone who questions the value, saying this is a "new paradigm" etc. You'd think eventually the script would change but it seems to cleave to a standard.

I'll say it again. If bitcoin goes to 10m$ it will collapse eventually. If you make money on the way up, and are liquid, more power to you. If you "buy and hold" as you're told, you are paying some smart person's bills. Good luck.

dyna mo · 12-20-2013, 12:30 PM

Quote:

Originally Posted by ilnjscb

Market index vs. cryptocurrency? While we're doing that, is agriculture a bubble? An index is just a way to track representative securities. It has no value per se and can't be spent. To speculate on it requires an instrument. There have been numerous bubbles of individual names within all the major indexes, though. HGSI anyone?

What is funny is there are always people like you, ridiculing anyone who questions the value, saying this is a "new paradigm" etc. You'd think eventually the script would change but it seems to cleave to a standard.

I'll say it again. If bitcoin goes to 10m$ it will collapse eventually. If you make money on the way up, and are liquid, more power to you. If you "buy and hold" as you're told, you are paying some smart person's bills. Good luck.

it was a simple yes or no question.

people like you like to point your finger and exclaim bubble when the simple fact is all financial instruments behave this way. when you get in and get out is, again, very simply, the key.

dyna mo · 12-20-2013, 12:33 PM

real estate's a bubble, don't get in, you'll be left holding the bag when it all collapses!

ilnjscb · 12-20-2013, 10:14 PM

Quote:

Originally Posted by dyna mo

real estate's a bubble, don't get in, you'll be left holding the bag when it all collapses!

Real estate has inherent value. And the answer to your "yes or no" question is, yes. Even within a class of assets that has inherent value, bubbles can and do occur, where demand or other factors increase the price beyond what is fundamentally justified. The asset always goes back to its inherent value at some point. Bitcoin has no value, and it will go back to zero at some point.

If you "get in and get out" at the right time, you win in any scenario. The trick is timing it correctly - not an easy thing to do. As I said, good luck.

dyna mo · 12-20-2013, 10:26 PM

thanks! that's exactly my point. investment carries inherent risk because all investments behave like bubbles. not for the risk adverse.

jscott · 12-21-2013, 03:42 AM

Man, those people laughing off bitcoins as an idiots investment, or tulip mania, blah blah blah, back in this 2011 thread must really feel like dumbass's LOL

I almost pity them.

PornDude · 12-21-2013, 03:55 AM

ilnjscb · 12-21-2013, 06:17 AM

Quote:

Originally Posted by jscott

Man, those people laughing off bitcoins as an idiots investment, or tulip mania, blah blah blah, back in this 2011 thread must really feel like dumbass's LOL

I almost pity them.

We don't - or at least, I don't. I can't speak for the others. Did you predict correctly? Did you make a significant profit from your prediction?

I still say bitcoins are exactly like tulip bulbs during tulip mania, and will end up just as worthless.

I do think its awesome that GFY was actively discussing this two full years before the general public had any idea about it.

Tell us about the money you made from accurately predicting the demand for bitcoin.

Mistah Charlie · 12-21-2013, 02:33 PM

Wow. So many smart people posting here. Yes, plenty of know-it-alls, but many are know somethings, so I got a lot of value out of this thread.

First, regarding the value of US and other currencies. It is backed by the credit of the US Government. Until the government collapses dollars will be a stable currency. They are still the world's standard, though that could change. Anyway, the value of dollars is not a fantasy just because they are no longer tied to the price of gold. That libertarian argument has been thoroughly debunked. Give it a rest.

Second, bitcoins are valuable because there are a limited number of them (I actually question this) and people are willing to buy them, like they buy real estate, or art, or tulips. These assets are valued exclusively by willing buyers in the market. So the more salient question is: who is buying bitcoins, and why. To me, watching from the outside, it seems to be speculators selling to speculators, who are taking outsize risks for outsized profits. If you like to gamble, seems like a better bet than Vegas, where you also have no control or way of knowing if and how you will win.

Third, there is the issue of security. If our credit cards can easily be stolen by sophisticated hackers, you can bet your ass your bitcoins are at risk, and who's going to help you? Interpol? The bank of bitcoin?

Finally, until real businesses are taking bitcoins for real items, like real estate, cars, and toasters, we're talking about funny money, valuable to other speculators, on the internet, which is part of real life, but really not.

I'm tempted, but my appetite for gambling is pretty well sated by being an entrepreneur.

Diomed · 12-21-2013, 04:20 PM

I beat bitches up with my dick hose..

Choke bitches out with my dick hose..

Ho's knows not to anger my dick hose..

My dick hose has three toes..

My dick hose leaves bruises.. like sacks of oranges do's..

Blood clots form.. when my dick hose beats like bass against the side of the face..

My dick hose performed a colon examination..

I jump rope with my dick hose..

When the dick hose cracks.. the bitches step back..

When the dick hose shoots.. you better look out.. otherwise you'll catch two slugs to your pigly snout..

My dicks hose rules alternative universes.. it's name is Joquisha, and it will eat ya.

^^^saw this on Mtv Jams today :/

- Jesus Christ - · 12-21-2013, 04:47 PM

Quote:

Originally Posted by Diomed

My dicks hose rules alternative universes.. it's name is Joquisha, and it will eat ya.

Deep.

PornDude · 12-21-2013, 04:50 PM

DBS.US · 12-21-2013, 04:54 PM

1 btc = $595.02999 usd

pimpmaster9000 · 12-21-2013, 06:51 PM

SO is what I told you

mineistaken · 12-21-2013, 09:05 PM

Quote:

Originally Posted by dyna mo

thanks! that's exactly my point. investment carries inherent risk because all investments behave like bubbles. not for the risk adverse.

Its really simple, 2 scenarios:
a) bitcoin will be the money of the world
b) bitcoin will crash to nothing when speculations finish as it simply can not last forever

Are you that sure about a) ?

PR_Glen · 12-21-2013, 09:46 PM

Quote:

Originally Posted by DBS.US

1 btc = $595.02999 usd

Apparently nobody lost any money on a 50% drop in the last week. Someone explain that to me, because you are starting to all sound like psychos in denial...

10-18-2011, 11:59 PM	#51
porno jew Too lazy to set a custom title Industry Role: Join Date: Nov 2006 Posts: 10,166	50 http://buttcoin.org/

10-19-2011, 12:08 AM	#53
Internet Guy Confirmed User Join Date: May 2006 Posts: 402	As long as Silk Road is around and the Bitcoin continues to preform its basic function, regardless of the exchange rate, there will be a steady stream of funds flowing. Back of the envelope guesstimate suggests $5k/day gross transactions, minimum. That's growing pretty quickly actually. Last edited by Internet Guy; 10-19-2011 at 12:09 AM..

10-19-2011, 01:56 AM	#57
raymor Confirmed User Join Date: Oct 2002 Posts: 3,745	What is the value of a dollar based on? Not nothing, actually. Initially, the value was set by the dollar being actually made of gold or silver. That history is important because it established a known value which only had to be roughly maintained. Next, they substituted gold certificates, which coulf be redeemed for gold. That still kept the value penned to gold. Next came treasury notes, which could be redeemed for certificates. The value still indirectly backed by gold. Then the treasury starting issuing a bit more notes than it had gold, but it didn't go crazy, ruining the economy. People came to trust that treasury wouldn't completely devalue the dollar because they EARNED that trust during a gradual transition. The US didn't completely end the holds standard until 1971, by which time the money was well trusted. Based a the entire history of this nation and others, people know that the government, through the fed, will keep the value of the dollar stable, with inflation of a few percent. That's why people a) know what a dollar is worth a b) trust it will be worth the same tomorrow. It's value was set by gold (and the Spanish dollar), maintained by gold for 200 years, and is now maintained by the full faith and credit of the United States. (Greatly devaluing the dollar would be constructive default.) If bitcoin spent it's first 200 years being backed by gold and being run by an institution with the longevity and accountability of the government, you could trust that it wouldn't lose 90% of it's value in a month. __________________ For historical display only. This information is not current: support@bettercgi.com ICQ 7208627 Strongbox - The next generation in site security Throttlebox - The next generation in bandwidth control Clonebox - Backup and disaster recovery on steroids

10-19-2011, 04:21 AM	#61
Coup 🚨 PBBC International 🚨 Industry Role: Join Date: Apr 2010 Location: /👁\ Posts: 9,931	The thing that cracks me up the most is the BITCOIN community thinking it was going to destroy evil fiat currency that's backed by "nothing" with an internet monopoly money backed by even less. This "so what? ur fiat currency will fail soon too, cuz it's backed by nothing!" is some hilarious sour grapes shit. Last edited by Coup; 10-19-2011 at 04:24 AM..

12-20-2013, 10:36 AM	#72
Penny24Seven So Fucking What Industry Role: Join Date: Jun 2007 Location: USA Posts: 6,287	LOL look at the know it all posts in here. I love it. __________________ Our site is coming soon. It will be one of the best ever! I know so. Brian and Penny

10-19-2011, 12:06 AM	#52
porno jew Too lazy to set a custom title Industry Role: Join Date: Nov 2006 Posts: 10,166	this is a crazy read http://buttcoin.org/has-bruce-wagner...coin-community

10-19-2011, 02:20 AM	#58
BIGTYMER Junior Achiever Industry Role: Join Date: Nov 2004 Location: Walled Garden Posts: 17,066	Its a fringe currency and always will be.

10-19-2011, 02:41 AM	#59
Internet Guy Confirmed User Join Date: May 2006 Posts: 402	The US (and Japan,Greece,France,Italy, etc) are currently in such ridiculous amounts of debt, at this rate, their currency won't be worth the paper it's printed on. If the interest rates for Japanese gov debt increases by 2% more, that's the entire Japanese budget (tax revenues) for the year spent on interest payments. The USA is a bit further away from a similar situation. Bitcoin is supposedly based on cryptography, if it's truly legit and can stand the test of time - that would be magnificent, as we badly need an alternative here.

10-19-2011, 05:47 AM	#62
porno jew Too lazy to set a custom title Industry Role: Join Date: Nov 2006 Posts: 10,166	you are not reading about it in mother jones or counterpunch. this is some ron paul 2012 rw libertarian shit. alt currency fetishism and paranoia is a right wing meme, always has been.

10-19-2011, 07:28 AM	#64
ilnjscb Confirmed User Industry Role: Join Date: Jun 2009 Posts: 8,836	Sorry folks, the gold standard has been around for 6000 years at least - no one has based a currency on anything but gold or force successfully. Everything else is a bubble, usually generated by the early in early out investors.

12-20-2013, 10:55 AM	#73
Creatine Confirmed User Industry Role: Join Date: Apr 2013 Posts: 1,060	What the fuck is everyone talking about. 1 Bitcoin is worth nearly $700 as of now. That's still dam good. I have 8 cents worth of coins. Going to be rich as fuck when bitcoin goes back up to 1,000!

12-20-2013, 11:21 AM	#76
DAMNMAN Confirmed User Join Date: Dec 2002 Posts: 1,440	Resurrected to shove in the face of bitcoin detractors? NICE!!! I have a feeling the next year is going to be fucking crazy with bitcoin. At the convention in Vegas there were VC capitol guys everywhere and even states attorneys for various states trying to get ahead of the tsunami that's coming. __________________ email: zmaster (at) earthlink.net ICQ: 196678616 ZMASTER One less god!!! I contend that we are both an atheist. I just belive in one fewer god than you do. When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

12-20-2013, 11:32 AM	#77
Creatine Confirmed User Industry Role: Join Date: Apr 2013 Posts: 1,060	I'm just trying to get as much bitcoins as I can. I cannot mine since my computer is a pile of shit and they're far to expensive to purchase for me. I got 8 cents worth of coins using http://freebitco.in/?r=73876

12-20-2013, 11:41 AM	#79
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 64,653	the comparisons to tulip mania are the best! that tale was debunked as bullshit a long time ago.

12-20-2013, 11:42 AM	#80
DBS.US Geo Cities Industry Role: Join Date: Aug 2003 Location: North Captiva Island, Florida USA Posts: 11,830	1 btc = $662.52999 usd http://losangeles.craigslist.org/lac...252717107.html __________________ Make a Free Chaturbate White Label site in 34 minutes and be making money tonight Last edited by DBS.US; 12-20-2013 at 11:44 AM..

12-20-2013, 11:43 AM	#81
ilnjscb Confirmed User Industry Role: Join Date: Jun 2009 Posts: 8,836	I'm still here - still saying it is a bubble. If you make money off it, good for you. There are 1000s of bubbles all the time, and those in late always get killed, and those who hold for "just a little longer" always get killed. I said it above and I'll say it again: the early ins and the early outs are the ones who benefit. Anyone here a bitcoin millionaire?

12-20-2013, 11:52 AM	#83
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 64,653	gold is a bubble, sell sell sell!

12-20-2013, 12:15 PM	#84
Niktamer Lord of the Leads Industry Role: Join Date: May 2005 Location: Canada Posts: 3,021	I'm reading old log between me and my partner who wanted to buy 50-100k of bitcoins when they were 50$ !! kicking myself in the butt! __________________

12-20-2013, 12:33 PM	#87
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 64,653	real estate's a bubble, don't get in, you'll be left holding the bag when it all collapses!

12-20-2013, 10:26 PM	#89
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 64,653	thanks! that's exactly my point. investment carries inherent risk because all investments behave like bubbles. not for the risk adverse.

12-21-2013, 03:42 AM	#90
jscott So Fucking Banned Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 25,198	Man, those people laughing off bitcoins as an idiots investment, or tulip mania, blah blah blah, back in this 2011 thread must really feel like dumbass's LOL I almost pity them.

12-21-2013, 03:55 AM	#91
PornDude I'm still broke. Industry Role: Join Date: Jul 2008 Location: WildWildWest Posts: 3,084	__________________ PornDude.com 🔥 PornWebmasters.com 🤑 MyGaySites.com 🤭 PornDudeCasting.com 🚀

12-21-2013, 02:33 PM	#93
Mistah Charlie Confirmed User Join Date: Nov 2007 Posts: 478	Wow. So many smart people posting here. Yes, plenty of know-it-alls, but many are know somethings, so I got a lot of value out of this thread. First, regarding the value of US and other currencies. It is backed by the credit of the US Government. Until the government collapses dollars will be a stable currency. They are still the world's standard, though that could change. Anyway, the value of dollars is not a fantasy just because they are no longer tied to the price of gold. That libertarian argument has been thoroughly debunked. Give it a rest. Second, bitcoins are valuable because there are a limited number of them (I actually question this) and people are willing to buy them, like they buy real estate, or art, or tulips. These assets are valued exclusively by willing buyers in the market. So the more salient question is: who is buying bitcoins, and why. To me, watching from the outside, it seems to be speculators selling to speculators, who are taking outsize risks for outsized profits. If you like to gamble, seems like a better bet than Vegas, where you also have no control or way of knowing if and how you will win. Third, there is the issue of security. If our credit cards can easily be stolen by sophisticated hackers, you can bet your ass your bitcoins are at risk, and who's going to help you? Interpol? The bank of bitcoin? Finally, until real businesses are taking bitcoins for real items, like real estate, cars, and toasters, we're talking about funny money, valuable to other speculators, on the internet, which is part of real life, but really not. I'm tempted, but my appetite for gambling is pretty well sated by being an entrepreneur. __________________ "Gonna scare you up and shoot you Cause Mister Charlie told me so"

12-21-2013, 04:20 PM	#94
Diomed Converting like it's 1999 Industry Role: Join Date: Jan 2009 Location: The South Posts: 6,164	I beat bitches up with my dick hose.. Choke bitches out with my dick hose.. Ho's knows not to anger my dick hose.. My dick hose has three toes.. My dick hose leaves bruises.. like sacks of oranges do's.. Blood clots form.. when my dick hose beats like bass against the side of the face.. My dick hose performed a colon examination.. I jump rope with my dick hose.. When the dick hose cracks.. the bitches step back.. When the dick hose shoots.. you better look out.. otherwise you'll catch two slugs to your pigly snout.. My dicks hose rules alternative universes.. it's name is Joquisha, and it will eat ya. ^^^saw this on Mtv Jams today :/ __________________ 10 years of experience in: CHAT SALES - PAID TRAFFIC - CONVERSION - CREATIVES - CONSULTATION

12-21-2013, 04:50 PM	#96
PornDude I'm still broke. Industry Role: Join Date: Jul 2008 Location: WildWildWest Posts: 3,084	__________________ PornDude.com 🔥 PornWebmasters.com 🤑 MyGaySites.com 🤭 PornDudeCasting.com 🚀

12-21-2013, 04:54 PM	#97
DBS.US Geo Cities Industry Role: Join Date: Aug 2003 Location: North Captiva Island, Florida USA Posts: 11,830	1 btc = $595.02999 usd __________________ Make a Free Chaturbate White Label site in 34 minutes and be making money tonight

12-21-2013, 06:51 PM	#98
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	SO is what I told you