A bitcoin is now worth 200 dollars!

[Dirty F]

[jscott]

Absolutely amazing how steep the spike of the Bitcoin is!

[AlexFS]

It's spiking up and shooting for the stars!!

PS: anyone mining / selling LTC for Paxum/Paypal Also need OKPAY funds.

ICQ#603005197

[Paul]

Anyone know when Mt Gox is likely to announce they are going to trade Litecoins? Supposed to be sometime this week rumour has it

[Konda]

I guess I should not have sold the majority of my bitcoins at $94

[Paul]

Quick question, apart from Mt Gox where can I buy Bitcoins?

1) How long does it take to get approved on coinbase.com?
2) Where else can I get an account quickly to buy Bitcoins?

[jscott]

Paul, you cannot buy at CB. Coinbase has problems and it's been that way for 3+ weeks

[Paul]

Originally Posted by jscott

Paul, you cannot buy at CB. Coinbase has problems and it's been that way for 3+ weeks

Cheers for the heads up, much appreciated! Are there any alternatives?

[CurrentlySober]

i likc stitcoinz

[pornmasta]

seems legit

[jscott]

Originally Posted by Paul

Cheers for the heads up, much appreciated! Are there any alternatives?

my friend suggested Bitfloor, says is good, i'm under way trying to get $ and transactions flowing there

...also BTC-E can buy BTC cheaper, but i hear it's less secure, so if buy there, transfer them out asap

[jscott]

Originally Posted by CurrentlySober

i likc stitcoinz

STC I hear is growing rapidly, and I am planning on investing bucket loads of things into the much anticipated STC

[xato]

Originally Posted by Paul

Quick question, apart from Mt Gox where can I buy Bitcoins?

1) How long does it take to get approved on coinbase.com?
2) Where else can I get an account quickly to buy Bitcoins?

For Euro (SEPA) payments I would advise to use www.bitcoin.de
Have bought a few times and worked great. Also there is no waiting list like on MtGox. Only a 1 cent deposit will be made to your bank account for verification.

[Paul]

Originally Posted by jscott

my friend suggested Bitfloor, says is good, i'm under way trying to get $ and transactions flowing there

...also BTC-E can buy BTC cheaper, but i hear it's less secure, so if buy there, transfer them out asap

Thanks JScott

Originally Posted by xato

For Euro (SEPA) payments I would advise to use www.bitcoin.de
Have bought a few times and worked great. Also there is no waiting list like on MtGox. Only a 1 cent deposit will be made to your bank account for verification.

Excellent thanks Xato

I have no idea when my Mt Gox account will be approved, there are over 10,000 users infront of me in the verification que

They posted this on Facebook a couple of days ago

As if a major DDoS attack was not enough, we at Mt.Gox are victim of our own success!

Last year, Mt.Gox saw an average of 9,000 to 10,000 new accounts created every month. This number doubled in January, tripled in February, and sextupled in March. In this month alone, over 57,000 new accounts were created!

Our support and account verification team went from four people in January 2012 to twenty-two people working every day of the week. We are now hiring even more people to solve this problem by finalising some deals with external companies.

[MikeRoth]

I sent a payment to bitinstant to buy more bitcoins yesterday at $180 and it still hasn't gone through. First time using bitinstant, not liking service so far...

[Dirty F]

Originally Posted by MikeRoth

I sent a payment to bitinstant to buy more bitcoins yesterday at $180 and it still hasn't gone through. First time using bitinstant, not liking service so far...

You only lost 30 dollars per coin

[CyberHustler]

I got in and got out quick last week. Happy with the outcome, aint fuckin with it no more tho.

[MikeRoth]

Originally Posted by Dirty F

You only lost 30 dollars per coin

Not too worried about that. More worried that I lost the entire deposit...

[Internet Guy]

Saw this on bitcoin talk:

So.....anyone have any advice on how not to become an asshole when you get rich?

[DWB]

How many bitcoins do you bitboys actually own?

10 - 50?
51 - 100?
101 - 500?
501 - 1000?

Or more?

Who has balls of steel and went big? Lets see some screen shots.

[Dirty F]

Originally Posted by DWB

How many bitcoins do you bitboys actually own?

10 - 50?
51 - 100?
101 - 500?
501 - 1000?

Or more?

Who has balls of steel and went big? Lets see some screen shots.

I own one. Actually less. I sent 0.05 to Spiederman a few days ago.

[MikeRoth]

Originally Posted by DWB

How many bitcoins do you bitboys actually own?

10 - 50?
51 - 100?
101 - 500?
501 - 1000?

Or more?

Who has balls of steel and went big? Lets see some screen shots.

Less than 10 for me these days. I'm converting them all to litecoins I think while they are still cheap. If MTGox adds them to their exchange I think we'll see a huge rise in value on those also.

Back in 2011 I had almost 1000 bitcoins, :|

[icu33774]

i get sicker as bitcoins prices go up. I let someone talk me out of pursuing bitcoins to work on something else 3 years ago

[- Jesus Christ -]

I don't own any bitcoins. I just think they are nifty...

[Paul]

Originally Posted by MikeRoth

Less than 10 for me these days. I'm converting them all to litecoins I think while they are still cheap. If MTGox adds them to their exchange I think we'll see a huge rise in value on those also.

Back in 2011 I had almost 1000 bitcoins, :|

Yep feel exactly the same

[L-Pink]

Originally Posted by icu33774

i get sicker as bitcoins prices go up. I let someone talk me out of pursuing bitcoins to work on something else 3 years ago

People miss out on stocks all the time as well. That's just how it works

.

[potter]

If you don't own any yet, then don't buy any right now. They're obviously in a bubble. The way to make money in a market is to buy low sell high, not buy while it's high. Very simply concept that so many seem to forget when trading.

[adultmobile]

Wished to bump that guy who time ago was happy that sold them at $80 or so

[MikeRoth]

Originally Posted by potter

If you don't own any yet, then don't buy any right now. They're obviously in a bubble. The way to make money in a market is to buy low sell high, not buy while it's high. Very simply concept that so many seem to forget when trading.

As a no longer active daytrader that is not completely accurate. You buy near intraday support or when the price breaks a significant resistance. Scalping for small $2-5 per coin differences really adds up when you do it multiple times a day. Just keep an eye and sell at a planned loss of 5% or 10% if your scalp goes south. Don't be a terd and hold it while it circles the drain in hopes it will go back up.

[Farang]

Congrats

[potter]

Originally Posted by MikeRoth

As a no longer active daytrader that is not completely accurate. You buy near intraday support or when the price breaks a significant resistance. Scalping for small $2-5 per coin differences really adds up when you do it multiple times a day. Just keep an eye and sell at a planned loss of 5% or 10% if your scalp goes south. Don't be a terd and hold it while it circles the drain in hopes it will go back up.

I was going off the assumption that most GFY users weren't smart enough for day trading.

[BlackCrayon]

Originally Posted by Dirty F

I own one. Actually less. I sent 0.05 to Spiederman a few days ago.

all this talk and you only own one?...

[Emil]

Originally Posted by potter

If you don't own any yet, then don't buy any right now. They're obviously in a bubble. The way to make money in a market is to buy low sell high, not buy while it's high. Very simply concept that so many seem to forget when trading.

The problem is that no one knows when it's at its peak. When it crashed the last time I bought at $7 and I thought that was a bit high. It might grow a lot more...

[spiederman]

Originally Posted by Dirty F

I own one. Actually less. I sent 0.05 to Spiederman a few days ago.

yup and the work done for that is getting more and more valueble

[WarChild]

As far as I understand it, and granted I haven't looked in to the situation in depth so I could well be wrong, there were nearly 6,000,000 Bitcoins mined before the general public even had a shot at mining any.

If that is true, then somebody might well have a large portion or even all of those early coins. At today's prices, that's more than 1.2 BILLION dollars worth. If even a small percentage of that position were to be suddenly liquidated, somebody would be very rich over night and the price per coin would absolutely plummet. A correction on that scale could well destroy market confidence overnight.

Of course this is all theoretical, and even if it's true there could still be money to be made in the mean time so long as you know when to get in and out. Personally, I'm not going to jump in at this point and stick to day trading gaps.

[DWB]

Originally Posted by Dirty F

I own one. Actually less. I sent 0.05 to Spiederman a few days ago.

Seriously, how many do you own?

Originally Posted by MikeRoth

Less than 10 for me these days. I'm converting them all to litecoins I think while they are still cheap. If MTGox adds them to their exchange I think we'll see a huge rise in value on those also.

Back in 2011 I had almost 1000 bitcoins, :|

1000 bitcoins... That is a real kick in the ass.

About 15 years ago I passed on a two story brand new, very large, modern A Frame house here in Thailand (on an island) that was literally on the beach. You could throw a rock into the water it was so close. The type of place you would retire to and live the rest of your days. The problem was, I didn't have 100k and I didn't try to find it.

Last year I happened to run across the same property online. They were selling it again for well over 1 million dollars, along with the other homes for sale in that area for around the same price.

*ass kicked*

That was one of those "once in a lifetime" things.

[DWB]

Originally Posted by WarChild

As far as I understand it, and granted I haven't looked in to the situation in depth so I could well be wrong, there were nearly 6,000,000 Bitcoins mined before the general public even had a shot at mining any.

If that is true, then somebody might well have a large portion or even all of those early coins. At today's prices, that's more than 1.2 BILLION dollars worth. If even a small percentage of that position were to be suddenly liquidated, somebody would be very rich over night and the price per coin would absolutely plummet. A correction on that scale could well destroy market confidence overnight.

Of course this is all theoretical, and even if it's true there could still be money to be made in the mean time so long as you know when to get in and out. Personally, I'm not going to jump in at this point and stick to day trading gaps.

I read somewhere that one person is to be rumored to own about 20 - 25% of all bitcoins.

[- Jesus Christ -]

No one pre-mined coins; Bitcoin has always been open source.

In fact Here is a visual representation of the code being developed on github.
https://youtube.com/watch?v=K2OBbK-7qPc&hd=1

I heard a rumor that when people spread misinformation other people lose respect for them.

[Penny24Seven]

Originally Posted by DWB

I read somewhere that one person is to be rumored to own about 20 - 25% of all bitcoins.

lol that is big money. I had a lot. Sold a ton when they were 75-90 bucks. I should have sold them all like I wanted to but they did not listen. Sold more at 140. I think I will always keep at least ten so I can still talk shit about them. Some still think they will reach 100,000 dollars lol but it will not hurt to keep a few if that did happen even though I think it is funny. I would kill myself if I sold them all and they did go that high haha

[dyna mo]

i also came across the 6 million btc missing story and pursued it a bit, it doesn't seem to be accurate, shouldn't all btc currently mined be publically verifiable like this chart? the question i had about the 6 million was were they just created and taken prior to mining commencing in 2009?


https://blockchain.info/charts/total...ale=0&address=

[icu33774]

Originally Posted by L-Pink

People miss out on stocks all the time as well. That's just how it works

.

This is so true but i did jump on litecoins a month ago bought 6 rigs for around 10k
So far i produced 1693.86 and sold them all for 4.00 plus each. So i have got back
close to 70% of my investment. So from yesterday on i am holding on to the coins
and hopefully 6-8 months from now they will shoot up to the $40+ range each.

[MikeRoth]

I remember a guy having over 100,000 coins back in 2011, I'm sure he's got a lot more than that by now though. I want to say it was Bruce Wagner but I don't remember.

[Konda]

Originally Posted by adultmobile

Wished to bump that guy who time ago was happy that sold them at $80 or so

hahah that was me I guess. It was like $94 when I sold most of mine. I still doubled my money though. I kept some and they more than doubled since then, so I can't complain.

[Konda]

Originally Posted by DWB

How many bitcoins do you bitboys actually own?

10 - 50?
51 - 100?
101 - 500?
501 - 1000?

Or more?

Who has balls of steel and went big? Lets see some screen shots.

I have nearly 25 left


Which if I would sell them right now at $218 would be around $5400



I had quite some more but sold them too early.

[Dirty F]

Originally Posted by potter

If you don't own any yet, then don't buy any right now. They're obviously in a bubble. The way to make money in a market is to buy low sell high, not buy while it's high. Very simply concept that so many seem to forget when trading.

Funny how people said the same thing when they were 50 dollars.

[Paul]

Originally Posted by DWB

About 15 years ago I passed on a two story brand new, very large, modern A Frame house here in Thailand (on an island) that was literally on the beach. You could throw a rock into the water it was so close. The type of place you would retire to and live the rest of your days. The problem was, I didn't have 100k and I didn't try to find it.

Last year I happened to run across the same property online. They were selling it again for well over 1 million dollars, along with the other homes for sale in that area for around the same price.

That was one of those "once in a lifetime" things.

Originally Posted by icu33774

This is so true but i did jump on litecoins a month ago bought 6 rigs for around 10k
So far i produced 1693.86 and sold them all for 4.00 plus each. So i have got back
close to 70% of my investment. So from yesterday on i am holding on to the coins
and hopefully 6-8 months from now they will shoot up to the $40+ range each.

Nice! What do you think will be the next currency to get in on after Litecoin start to increase in value?

[Dirty F]

Originally Posted by DWB

Seriously, how many do you own?

Seriously, one.

[MikeRoth]

MyBitcoin was the online wallet service a lot of people used back then. Me being one of them. The site was reportedly "hacked" or the owner of the site pulled a scam and ran off with half of the bitcoins. I can't find any information on the amount of bitcoins that were stolen in that incident but you can make some rough calculations, the site housed something like 50,000 accounts and each account had anywhere from 100 to 25,000 bitcoins each. Bruce Wagner was believed to have a part in the scam, he promoted the hell out of the service, he was a big supporter and early adopter of bitcoin so he had a ton of bitcoins to begin with, even had his own little bitcoin show and everything.

There have been scams on SilkRoad also where vendors have achieved 99% positive feedback and became the most reputable vendor on the site (Tony76), then up and vanished after collecting customers bitcoins for a few weeks and not sending the product. The moderators said he had stolen around $250,000 worth of bitcoins.

[Dirty F]

Originally Posted by BlackCrayon

all this talk and you only own one?...

Hey, did i ever claim anything else?

[mayabong]

Originally Posted by jscott

my friend suggested Bitfloor, says is good, i'm under way trying to get $ and transactions flowing there

...also BTC-E can buy BTC cheaper, but i hear it's less secure, so if buy there, transfer them out asap

Bitfloor having delays see their twitter. Try local bitcoins.com