I've been reading about Bitcoins for the last 3 days and my conclusion is... - GoFuckYourself.com

Dirty F · 03-15-2013, 10:38 PM

Buy.

As much as you can.

2013 · 03-15-2013, 10:38 PM

thanks got a ref link?

Vapid - BANNED FOR LIFE · 03-15-2013, 11:34 PM

I'm making a hundred dollars an hour from bitcoins.

Frank21 · 03-16-2013, 12:38 AM

Quote:

Originally Posted by Dirty F

Buy.

As much as you can.

So explain to us what the fuck is bitcoin and how do you use them?

I can understand how easy it must be to buy them, but how the fuck would you cash them out?

Me thinks you buy a lot of bitcoin on a suspicious site and when you want to cash them out you cant.

MrMaxwell · 03-16-2013, 12:44 AM

Quote:

Originally Posted by Monotony

I'm making a hundred dollars an hour from bitcoins.

After electricity and equipment costs?

Dirty F · 03-16-2013, 05:32 AM

Quote:

Originally Posted by pornopete

Consider the sources that you've read. Probably all written by people who have vested interest in bit-coins.

Ok i did consider it and my conclusion is.......buy. Put all your savings in it

Dirty F · 03-16-2013, 05:34 AM

Quote:

Originally Posted by MrMaxwell

After electricity and equipment costs?

And after all the bullshit probably $1 per hour.

rowan · 03-16-2013, 05:34 AM

The time to buy was a week or two ago when the value was half of what it is today.

I "bought in" (mined) when BTC was worth a few bucks. Cashed out a few days ago at $46 per.

Dirty F · 03-16-2013, 05:38 AM

Quote:

Originally Posted by rowan

The time to buy was a week or two ago when the value was half of what it is today.

I "bought in" (mined) when BTC was worth a few bucks. Cashed out a few days ago at $46 per.

Dude, compared to what it will be in the future 46 dollars is a joke. Now is the time to buy. Not to sell.

lezinterracial · 03-16-2013, 06:28 AM

The way search and seizure laws are going and the government wanting access to all of our banking information, I can kind of see it.

Do you guys use the instawallet or a downloaded one? My wallet on my pc is about 100 days behind.

Just checked out the instawallet. Just an open url where you can transfer the coins off. Not the type of place where you want to store alot of bitcoins.

Dirty F · 03-16-2013, 06:37 AM

Your own wallet ofcourse. Why put your money on someone else's computer?

Vapid - BANNED FOR LIFE · 03-16-2013, 06:56 AM

Quote:

Originally Posted by MrMaxwell

After electricity and equipment costs?

I don't mine them.

Phoenix · 03-16-2013, 07:06 AM

i need to read about these...i know nothing about them

L-Pink · 03-16-2013, 07:58 AM

Bitcoins, hahaha. I just put all my money in wicker futures. With the expected boom in patio furniture and the stable basket market it's a much better investment.

.

seeandsee · 03-16-2013, 08:09 AM

Real cash (in people pockets) ==> Bitcoins (low value) ==> Lots of Real cash IN ==> Bitcoins (high value) ==> People (lots of them) selling them for Real cash ==> Bitcoins (record low)

You will see, just wait for it

BlackCrayon · 03-16-2013, 08:11 AM

you thought it was stupid before. what changed your mind?

mayabong · 03-16-2013, 08:40 AM

Quote:

Originally Posted by seeandsee

Real cash (in people pockets) ==> Bitcoins (low value) ==> Lots of Real cash IN ==> Bitcoins (high value) ==> People (lots of them) selling them for Real cash ==> Bitcoins (record low)

You will see, just wait for it

Yes you been saying that for years. Wait For it, Wait for it.......

Dirty F · 03-16-2013, 08:46 AM

Quote:

Originally Posted by BlackCrayon

you thought it was stupid before. what changed your mind?

I don't recall saying that but maybe i did...if i did it was because i didn't know the details. I thought it was just another epass or e-gold.

It obviously isn't.
By this time next year lots of big companies will be using it. In 5 to 10 years from now you'll be very happy with all the bitcoins you saved up.

Best-In-BC · 03-16-2013, 09:26 AM

The stupidity going on with bit coins is apalling

mayabong · 03-16-2013, 09:35 AM

Quote:

Originally Posted by Best-In-BC

The stupidity going on with bit coins is apalling

A currency and payment system in one that can be totally anonymous and free of chargeback problems. Yes sounds horrible.

Dirty F · 03-16-2013, 09:44 AM

Quote:

Originally Posted by Best-In-BC

The stupidity going on with bit coins is apalling

Yup, so stupid that i just started accepting them on a paysite. No chargebacks and no fees.
Incredibly stupid. I agree.

Supz · 03-16-2013, 10:19 AM

The value of bitcoins goes up and down like a hookers panties. That is pretty scary from the business aspect. What happens when you pay for something when its at 50$ and the next day its at $40. Your business just lost 20%.

mayabong · 03-16-2013, 10:47 AM

Quote:

Originally Posted by Supz

The value of bitcoins goes up and down like a hookers panties. That is pretty scary from the business aspect. What happens when you pay for something when its at 50$ and the next day its at $40. Your business just lost 20%.

companies like Bitpay.com will convert the bitcoins to cash right away if you use their service. They will deposit the money in your account daily I believe. You can also choose to keep the bitcoins or do a % split.

mayabong · 03-16-2013, 10:49 AM

Quote:

Originally Posted by Frank21

So explain to us what the fuck is bitcoin and how do you use them?

I can understand how easy it must be to buy them, but how the fuck would you cash them out?

Me thinks you buy a lot of bitcoin on a suspicious site and when you want to cash them out you cant.

First you would want to get yourself a bitcoin wallet. You can get an online one at http://blockchain.info

You will get a funny looking address like 1k2384kjsdkdsj234838298237

Thats the address you give to people that want to send you bitcoins. Thats all you need to do.

Actually buying them is a more of a pain than selling them. You can't use credit cards or paypal to buy them. I use Coinbase.com to buy them

anexsia · 03-16-2013, 10:50 AM

I only use them for Silk Road....but I did buy a lot of them when they were around $9/each and I had a bunch saved in my SR wallet and some in my bitcoin wallet that I sold for around $40 which rocked.

It's also great that Namecheap now accepts them so I've renewed a bunch of domains with bitcoins too.

Dirty F · 03-16-2013, 10:54 AM

Quote:

Originally Posted by Supz

The value of bitcoins goes up and down like a hookers panties. That is pretty scary from the business aspect. What happens when you pay for something when its at 50$ and the next day its at $40. Your business just lost 20%.

You must be confused. It only goes up

And it will keep doing this.

http://bitcoincharts.com/charts/mtgo...zm1g10zm2g25zv

Dirty F · 03-16-2013, 10:55 AM

Quote:

Originally Posted by anexsia

I only use them for Silk Road....but I did buy a lot of them when they were around $9/each and I had a bunch saved in my SR wallet and some in my bitcoin wallet that I sold for around $40 which rocked.

It's also great that Namecheap now accepts them so I've renewed a bunch of domains with bitcoins too.

And what exactly are you buying on Silkroad

Nothing illegal ofcourse, right. Oh wait, everything there is illegal

Supz · 03-16-2013, 10:57 AM

Quote:

Originally Posted by Dirty F

You must be confused. It only goes up

And it will keep doing this.

http://bitcoincharts.com/charts/mtgo...zm1g10zm2g25zv

If you follow the actual flow. Yes it has gone up since the beginning it has gone up. But I watched last week when it went from 50 to 37 to 44 all in the matter of 20 minutes.

PSD · 03-16-2013, 11:00 AM

Anyone have or ordered an ASIC mining rig? As far as trading bitcoin, mtgox.com seems to be popular and by end of month US trades will be handled by VC backed coinlab.com in US.

Dirty F · 03-16-2013, 11:01 AM

Quote:

Originally Posted by Supz

If you follow the actual flow. Yes it has gone up since the beginning it has gone up. But I watched last week when it went from 50 to 37 to 44 all in the matter of 20 minutes.

I don't care about that. I see it as a long term investment. 5+ years.

How it fluctuates now is not important. 5 years from now you will laugh at these prices. I means nothing in the bigger picture.

slapass · 03-16-2013, 12:58 PM

Quote:

Originally Posted by Dirty F

I don't care about that. I see it as a long term investment. 5+ years.

How it fluctuates now is not important. 5 years from now you will laugh at these prices. I means nothing in the bigger picture.

I had a similar conclusion so I sunk some money in bitcoins. Just in case it goes global and nuts.

kronic · 03-16-2013, 02:12 PM

Am I the ONLY person picking up on Franck's sarcasm???

Christ, he practically gives it away here...

Quote:

Originally Posted by Dirty F

And after all the bullshit probably $1 per hour.

DBS.US · 03-16-2013, 02:13 PM

http://www.ebay.com/sch/i.html?_trks...at=0&_from=R40

Klen · 03-16-2013, 02:15 PM

Quote:

Originally Posted by kronic

Am I the ONLY person picking up on Franck's sarcasm???

Christ, he practically gives it away here...

Yes i noticed that at part "all your savings". Anyone with common sense knows how you never invest all your savings into one thing as nothing is 100% sure.

2012 · 03-16-2013, 02:17 PM

Max Keiser approves this message

kronic · 03-16-2013, 02:21 PM

Quote:

Originally Posted by KlenTelaris

Yes i noticed that at part "all your savings". Anyone with common sense knows how you never invest all your savings into one thing as nothing is 100% sure.

lol shit, yeah, I missed that one.

Good one Franck.

mineistaken · 03-16-2013, 04:13 PM

Quote:

Originally Posted by mayabong

A currency and payment system in one that can be totally anonymous and free of chargeback problems. Yes sounds horrible.

Play money will be worth something till there be idiots giving value to them

The more idiots the more value (I assume OP wants to drive the value up with this post or just plainly make fun of those believing in play money)

mayabong · 03-16-2013, 04:34 PM

Quote:

Originally Posted by mineistaken

Play money will be worth something till there be idiots giving value to them

The more idiots the more value (I assume OP wants to drive the value up with this post or just plainly make fun of those believing in play money)

You give value to dollars and its just digits on a screen. Why do you give it value? Cause you can buy things with it?

Supz · 03-16-2013, 04:45 PM

Quote:

Originally Posted by Dirty F

I don't care about that. I see it as a long term investment. 5+ years.

How it fluctuates now is not important. 5 years from now you will laugh at these prices. I means nothing in the bigger picture.

I understand what you mean. But the volatility might stop business from utilizing it. Making the value depreciate.

rowan · 03-16-2013, 04:56 PM

I envy the early adopters who mined bitcoins when they were super easy to mine (because of low difficulty level) about 3-4 years ago. Some of them have (or HAD) tens or hundreds of thousands of BTC mined by a standard CPU, no need for fancy multi-GPU or ASIC rigs back then.

Internet Guy · 03-17-2013, 04:29 AM

Slowly but surely some of gfy is getting it.. Congrats to the winners.

DWB · 03-17-2013, 04:38 AM

Quote:

Originally Posted by mayabong

A currency and payment system in one that can be totally anonymous and free of chargeback problems. Yes sounds horrible.

In theory, yes, it is a horrible idea for various reasons.

1) Every fiat currency in the history of the world has failed. The current financial mess is the beginning of the next round of fiat failures.

2) The fact that it is anonymous is what is going to ultimately cause problems. As soon as it can be linked, or even think to be linked, to funding terrorism or organized crime, it is over. The USA will find a way to put an end to it as soon as they think it is an issue.

3) Your excluding banks and the people who control the money supply. Everyone knows how that always turns out.

Make your money now with it, as there is money to be made, but I wouldn't bet on it being a long term currency unless 1 - 3 above are dealt with properly. Short term, I do see it working out for a while. Long term has too many odds stacked against it. However, only time will tell.

DWB · 03-17-2013, 05:45 AM

Quote:

Originally Posted by 2012

Looks legit.

mayabong · 03-17-2013, 06:48 AM

Quote:

Originally Posted by DWB

In theory, yes, it is a horrible idea for various reasons.

1) Every fiat currency in the history of the world has failed. The current financial mess is the beginning of the next round of fiat failures.

2) The fact that it is anonymous is what is going to ultimately cause problems. As soon as it can be linked, or even think to be linked, to funding terrorism or organized crime, it is over. The USA will find a way to put an end to it as soon as they think it is an issue.

3) Your excluding banks and the people who control the money supply. Everyone knows how that always turns out.

Make your money now with it, as there is money to be made, but I wouldn't bet on it being a long term currency unless 1 - 3 above are dealt with properly. Short term, I do see it working out for a while. Long term has too many odds stacked against it. However, only time will tell.

Bitcoin is not a fiat currency. Fiat currencies are forced upon you by the government. Bitcoins have limited supply but are easily divisible to 8 decimal places. They can't be inflated.

If the USA bans bitcoin it still won't stop it. The whole world would have to agree to make it illegal and that still won't stop bitcoin

Bitcoin is just like file sharing. Hard to stop

MrMaxwell · 03-17-2013, 08:32 AM

https://youtube.com/watch?v=0UKC7iaBKvs

MrMaxwell · 03-17-2013, 08:42 AM

https://youtube.com/watch?v=QoopVDjXydE

dyna mo · 03-17-2013, 08:43 AM

Quote:

Originally Posted by Supz

If you follow the actual flow. Yes it has gone up since the beginning it has gone up. But I watched last week when it went from 50 to 37 to 44 all in the matter of 20 minutes.

could that have been due to this perhaps?

http://arstechnica.com/business/2013...rily-falls-23/

mayabong · 03-17-2013, 08:53 AM

Quote:

Originally Posted by MrMaxwell

https://youtube.com/watch?v=0UKC7iaBKvs

This guy is in the Silver business.

MrMaxwell · 03-17-2013, 08:56 AM

Governments and bankers extremely do not want p2p currencies or any competing currencies.. bow to your masters

I wish something like bitcoin could succeed and maybe it will but I think any real solution will not only be limited in supply but will also have inherent value

Another thing to consider is that anything with a tightly limited supply is easily manipulated.

- Jesus Christ - · 03-17-2013, 08:59 AM

Quote:

Originally Posted by MrMaxwell

Governments and bankers extremely do not want p2p currencies

03-15-2013, 10:38 PM	#1
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	I've been reading about Bitcoins for the last 3 days and my conclusion is... Buy. As much as you can.

03-16-2013, 06:28 AM	#10
lezinterracial Confirmed User Industry Role: Join Date: Jul 2012 Posts: 3,089	The way search and seizure laws are going and the government wanting access to all of our banking information, I can kind of see it. Do you guys use the instawallet or a downloaded one? My wallet on my pc is about 100 days behind. Just checked out the instawallet. Just an open url where you can transfer the coins off. Not the type of place where you want to store alot of bitcoins. __________________ Live Sex Shows Last edited by lezinterracial; 03-16-2013 at 06:37 AM..

03-16-2013, 07:06 AM	#13
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,465	i need to read about these...i know nothing about them __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

03-16-2013, 07:58 AM	#14
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Bitcoins, hahaha. I just put all my money in wicker futures. With the expected boom in patio furniture and the stable basket market it's a much better investment. . Last edited by L-Pink; 03-16-2013 at 08:00 AM..

03-16-2013, 08:09 AM	#15
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	Real cash (in people pockets) ==> Bitcoins (low value) ==> Lots of Real cash IN ==> Bitcoins (high value) ==> People (lots of them) selling them for Real cash ==> Bitcoins (record low) You will see, just wait for it __________________ BUY MY SIG - 50$/Year Contact here

03-15-2013, 10:38 PM	#2
2013 So Fucking Banned Industry Role: Join Date: Jan 2013 Location: lollling Posts: 4,390	thanks got a ref link?

03-15-2013, 11:34 PM	#3
Vapid - BANNED FOR LIFE Barterer Industry Role: Join Date: Aug 2004 Posts: 4,864	I'm making a hundred dollars an hour from bitcoins.

03-16-2013, 05:34 AM	#8
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	The time to buy was a week or two ago when the value was half of what it is today. I "bought in" (mined) when BTC was worth a few bucks. Cashed out a few days ago at $46 per.

03-16-2013, 06:37 AM	#11
Dirty F Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Posts: 59,204	Your own wallet ofcourse. Why put your money on someone else's computer?

03-16-2013, 08:11 AM	#16
BlackCrayon Too lazy to set a custom title Join Date: Jun 2003 Location: Ottawa Posts: 19,631	you thought it was stupid before. what changed your mind? __________________ you don't know you're wearing a leash if you sit by the peg all day..

03-16-2013, 09:26 AM	#19
Best-In-BC Confirmed User Join Date: Jun 2002 Posts: 9,506	The stupidity going on with bit coins is apalling __________________ Vacares - Web Hosting, Domains, O365, Security & More Unparked domains burning a hole in your pocket? 5 Simple Ways to Make Easy $$$ from Unused Domains

03-16-2013, 10:19 AM	#22
Supz Arthur Flegenheimer Industry Role: Join Date: Jul 2006 Location: New York City Posts: 11,056	The value of bitcoins goes up and down like a hookers panties. That is pretty scary from the business aspect. What happens when you pay for something when its at 50$ and the next day its at $40. Your business just lost 20%.

03-16-2013, 10:50 AM	#25
anexsia Confirmed User Industry Role: Join Date: May 2010 Posts: 5,735	I only use them for Silk Road....but I did buy a lot of them when they were around $9/each and I had a bunch saved in my SR wallet and some in my bitcoin wallet that I sold for around $40 which rocked. It's also great that Namecheap now accepts them so I've renewed a bunch of domains with bitcoins too.

03-16-2013, 11:00 AM	#29
PSD PornSiteDomains.com Industry Role: Join Date: Oct 2002 Location: US Posts: 1,265	Anyone have or ordered an ASIC mining rig? As far as trading bitcoin, mtgox.com seems to be popular and by end of month US trades will be handled by VC backed coinlab.com in US. __________________ PornSiteDomains.com Last edited by PSD; 03-16-2013 at 11:03 AM..

03-16-2013, 02:13 PM	#33
DBS.US Geo Cities Industry Role: Join Date: Aug 2003 Location: North Captiva Island, Florida USA Posts: 11,835	http://www.ebay.com/sch/i.html?_trks...at=0&_from=R40 __________________ Make a Free Chaturbate White Label site in 34 minutes and be making money tonight

03-16-2013, 02:17 PM	#35
2012 So Fucking What Industry Role: Join Date: Jul 2006 Posts: 17,189	Max Keiser approves this message __________________ best host: Webair \| best sponsor: Kink \| best coder: 688218966 \| Go Fuck Yourself

03-16-2013, 04:56 PM	#40
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	I envy the early adopters who mined bitcoins when they were super easy to mine (because of low difficulty level) about 3-4 years ago. Some of them have (or HAD) tens or hundreds of thousands of BTC mined by a standard CPU, no need for fancy multi-GPU or ASIC rigs back then.

03-17-2013, 04:29 AM	#41
Internet Guy Confirmed User Join Date: May 2006 Posts: 402	Slowly but surely some of gfy is getting it.. Congrats to the winners.

03-17-2013, 08:32 AM	#45
MrMaxwell Too lazy to set a custom title Industry Role: Join Date: Jul 2005 Posts: 10,057	https://youtube.com/watch?v=0UKC7iaBKvs

03-17-2013, 08:42 AM	#46
MrMaxwell Too lazy to set a custom title Industry Role: Join Date: Jul 2005 Posts: 10,057	https://youtube.com/watch?v=QoopVDjXydE

03-17-2013, 08:56 AM	#49
MrMaxwell Too lazy to set a custom title Industry Role: Join Date: Jul 2005 Posts: 10,057	Governments and bankers extremely do not want p2p currencies or any competing currencies.. bow to your masters I wish something like bitcoin could succeed and maybe it will but I think any real solution will not only be limited in supply but will also have inherent value Another thing to consider is that anything with a tightly limited supply is easily manipulated.