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The Bitcoin (BTC) thread
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NY Digital Offline
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Post: #126
RE: Bitcoins up 60% in less than a month
I sold early at $3.70

People were pumping it and are panic sell when it got to 5 in fear of a crash.
04-09-2013 01:36 PM
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BurnFirst Offline
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Post: #127
RE: Bitcoins up 60% in less than a month
BTC-E seems kind of shady to me, or at least not too professional. I wouldn't trust my money there personally.
04-09-2013 04:28 PM
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NY Digital Offline
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Post: #128
RE: Bitcoins up 60% in less than a month
(04-09-2013 04:28 PM)BurnFirst Wrote:  BTC-E seems kind of shady to me, or at least not too professional. I wouldn't trust my money there personally.

cool story.

A lot of people are making money on there, including me.
04-09-2013 10:34 PM
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BurnFirst Offline
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Post: #129
RE: Bitcoins up 60% in less than a month
(04-09-2013 10:34 PM)NY Digital Wrote:  
(04-09-2013 04:28 PM)BurnFirst Wrote:  BTC-E seems kind of shady to me, or at least not too professional. I wouldn't trust my money there personally.

cool story.

A lot of people are making money on there, including me.

Cool story. I hope it works out for you. Ever heard of mybitcoin?

In more interesting news, someone on /r/bitcoin/ tipped a random poster 20 BTC today. That's almost five grand USD at current rates.
04-10-2013 12:23 AM
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ElJefe Offline
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Post: #130
RE: Bitcoins up 60% in less than a month
Bitcoin has exploded, but exponential rates are probably done with. Nothing like 400% over a month.

So. LTC has also exploded. Still think it's worth buying?

If yes, where? My accounts are located in EUR.

A year from now you'll wish you started today
04-10-2013 01:17 AM
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NY Digital Offline
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Post: #131
RE: Bitcoins up 60% in less than a month
bit coin 264... wow.

yeah I posted earlier how to get some. I'm not sure how euro USD thing works though. as they use USD
04-10-2013 07:35 AM
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Pete Offline
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Post: #132
RE: Bitcoins up 60% in less than a month
I'm fucking mad at myself.AngryAngryAngry

I was gonna buy last week at $140 and now it's @ $250AngryAngryAngryAngryAngryAngryAngry
04-10-2013 07:55 AM
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el mechanico Offline
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Post: #133
RE: Bitcoins up 60% in less than a month
I still don't even understand what a bitcoin is or isn't. What I really don't get is how they can go up 80dollars a day. It has to bust or does it? You can buy a laptop with one bitcoin?

I should have held them before getting LTC but I see more room for growth for some reason even though I have no clue why. I'm thinking that LTC is a streamlined version of Bitcoin?

None of this makes any sense to me but I'm glad to be here, can anyone give me the tl;dr explanation?
04-10-2013 08:45 AM
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Samseau Offline
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Post: #134
RE: Bitcoins up 60% in less than a month
This is a bubble and I'm guessing a bunch of hackers and PR men are manipulating the prices of bitcoins.

Contributor at Return of Kings. You can follow me on Twitter.

Be sure to check out the easiest mining program around, FreedomXMR.
04-10-2013 11:15 AM
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ElJefe Offline
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Post: #135
RE: Bitcoins up 60% in less than a month
Well, it just dropped 20%. Did that when it USD140 as well.

The next few days will reveal how much of the value will be lost, but it's definitely dropping.

A year from now you'll wish you started today
04-10-2013 12:04 PM
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ElJefe Offline
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Post: #136
RE: Bitcoins up 60% in less than a month
will drop below 200 soon

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04-10-2013 12:27 PM
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el mechanico Offline
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Post: #137
RE: Bitcoins up 60% in less than a month
LOLOLOL This is hilarious
04-10-2013 02:27 PM
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pants Offline
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Post: #138
RE: Bitcoins up 60% in less than a month
wow!

Halfd my value in 6 hours, well well, knew it would happen Tongue
04-10-2013 02:33 PM
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theArbiter Offline
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Post: #139
RE: Bitcoins up 60% in less than a month
Damn... if only there were a convenient shorting mechanism in place...
04-10-2013 02:35 PM
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NY Digital Offline
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Post: #140
RE: Bitcoins up 60% in less than a month
lol wasn't able to sell LTC before the massive 50% drop and cash in on this craze... :/

But I am selling LTC on ebay for a pretty penny...
04-10-2013 03:36 PM
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el mechanico Offline
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Post: #141
RE: Bitcoins up 60% in less than a month
(04-10-2013 03:36 PM)NY Digital Wrote:  lol wasn't able to sell LTC before the massive 50% drop and cash in on this craze... :/

But I am selling LTC on ebay for a pretty penny...
How do you transfer them?
04-10-2013 03:42 PM
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NY Digital Offline
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Post: #142
RE: Bitcoins up 60% in less than a month
(04-10-2013 03:42 PM)el mechanico Wrote:  
(04-10-2013 03:36 PM)NY Digital Wrote:  lol wasn't able to sell LTC before the massive 50% drop and cash in on this craze... :/

But I am selling LTC on ebay for a pretty penny...
How do you transfer them?

http://www.litecoin.org/
Grab the client so you can have your own wallet.

Withdraw from BTC-E by sending it to your wallet address. Then you have BTC offline pretty much.

I'm also researching how to carry a paper that holds the litecoins in it. I think what you do is a QR code + some security password... not too sure.
04-10-2013 03:48 PM
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Rah Offline
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Post: #143
RE: Bitcoins up 60% in less than a month
Which payment processor you guys use to add USD to BTC-E? They all look russian and shady.
04-10-2013 04:29 PM
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NY Digital Offline
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Post: #144
RE: Bitcoins up 60% in less than a month
BTC-E is Russian and a little Shady mrgreen

I posted a little while back on how to add money via BitInstant.
04-10-2013 04:31 PM
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Ovid Offline
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Post: #145
RE: Bitcoins up 60% in less than a month
So, I remembered that I had 3-4 bitcoins in my account on a ...hobby supplies... site from like a year ago, but unfortunately now I can't find or remember my password. That was worth maybe $40 back then, but it's like $500 now. Damn.

Given the fairly steady rise over the past couple of months, I'm thinking the bubble will probably last until non-"nerd" people get into it. I'm thinking of investing $2500 or so to see where it goes.

Exchange rate is around $155 now. It's been fluctuating wildly all day though. After the big drop, it worked its way back up to $200 or so, then down to $128 (lowest I saw) then up to $180, now in the $150s... I think I'll probably just do a bank transfer, and even if it takes a couple of days, it might give the market time to even out a bit and we can see whether or not it's going to continue appreciating.
04-10-2013 09:58 PM
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guerrilla Offline
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Post: #146
RE: Bitcoins up 60% in less than a month
dayummm, a drop from 266 to 165??? is that a "correction" or the beginning of the fall? Im predicting the double peak on the charts as the technical analysts say
04-10-2013 10:02 PM
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guerrilla Offline
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Post: #147
RE: Bitcoins up 60% in less than a month
too bad you cant really short this shit Sad
04-10-2013 10:08 PM
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Rah Offline
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Post: #148
RE: Bitcoins up 60% in less than a month
Yeah man this is one of those scenarios where I'd feel less vulnerable going in naked short than long. BTC has only been within spitting range of $100 for what, a month? And that's only after spontaneously flipping the fuck out for no reason after a relatively smooth, gradual curve for years. There's so little precedent, and not just in price.

It's a "crypto currency", whatever the fuck that is! Totally untested monetary system made by idealistic geeks a few years ago. Publicly hosted on the internets, with its source code completely open! Russians have probably already figured out how to scam it! It could be currency 2.0 or it could be zapped by soviet electro-warheads into pixel dust tomorrow.

$266 - $105 daily range today! I get that the encryption cracking voodoo mining ritual model portends to imbue value into bits and bytes via requiring processing time to summon coins into being, and that there is a legit reason for the price to steadily increase as the monetary cap looms ever closer. But fuck me, that doesn't happen in a a day! It's a bunch of gamblers, else BTC would still be sub $50.

So as for me: I'm not going to hold BTC in this madness, I'm going to get in closer to the ground floor with the newer madness of LTC. I'm waiting for LTC to dip so I can scoop up some of that sweet mystery-bit soup to hold for the long term. Day trading isn't my style, I just want some exposure to this crazy new shit in case it happens to blow up to Jupiter again for no good reason.

Also, happy to report that through a series of arcane financial mechanims I don't even want to comprehend (else I suffer a panic attack), I now have some USD on BTC-E.com, even though I took a 15% haircut on the 30 min spread on BTC. One thing that all this speculation madness has messed up is the original fairly useful utility of bitcoins as a way to accept and make payments, it seems. Thirty minutes and who the fuck knows what you're holding.

P.S. I'm seriously considering buying a bunch of shit on newegg and building a respectable litecoin miner. The profit potential (extrapolating based on the fantasy of current prices) seems very attractive.
(This post was last modified: 04-10-2013 11:58 PM by Rah.)
04-10-2013 11:56 PM
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guerrilla Offline
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Post: #149
RE: Bitcoins up 60% in less than a month
can you xfer btc to litecoin?
04-11-2013 12:46 AM
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Ovid Offline
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Post: #150
RE: Bitcoins up 60% in less than a month
Are litecoins currently less demanding to mine than bitcoins? A few years ago, you could mine bitcoins with an ordinary server farm, or even a PC. Nowadays, you have to have very specialized rigs to do the quadrillions or however many calculations necessary to find a new block of bitcoins in less than a thousand years.
04-11-2013 12:46 AM
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