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The Lounge>Bitcoin Take?
ChiefRocka 11:41 AM 02-15-2013
Always love to bounce this kind of stuff off the Planet. Have any of you done any research into Bitcoin, and if you hold any opinions on the concept I'd love to hear what you think.





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Eleazar 02:24 PM 11-18-2013
Originally Posted by ChiefRocka:
But my 5K turned into 20K this month :-)
I'm waiting to cash in all my Liberty Dollars, they're down a bit right now but I'm sure they will be rebounding soon.
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FD 02:27 PM 11-18-2013
Serious advice here, anyone with bitcoins should sell them as soon as they can. Sure, it may go higher, but this bubble will inevitably pop, take what you can and don't try to time the top of the market.
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loochy 02:27 PM 11-18-2013
Hey guys I made up a currency based on lego blocks?

You can buy 3 blocks from me for $50 or 1 brick for $100.
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notorious 02:36 PM 11-18-2013
Originally Posted by loochy:
Hey guys I made up a currency based on lego blocks?

You can buy 3 blocks from me for $50 or 1 brick for $100.
I am a billionaire!!!!!!!!!!!!!!
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loochy 02:43 PM 11-18-2013
Originally Posted by notorious:
I am a billionaire!!!!!!!!!!!!!!
nope

those are counterfeit mega-bloks
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ChiefRocka 11:36 AM 12-03-2013
and going...
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taterhog 12:24 PM 12-03-2013
Originally Posted by FD:
Serious advice here, anyone with bitcoins should sell them as soon as they can. Sure, it may go higher, but this bubble will inevitably pop, take what you can and don't try to time the top of the market.
agreed. Get in on lightcoins before they potentially trend up. At least you have a chance of mining with decent results there.
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Fish 03:23 PM 12-03-2013
Ooops...

Man Throws Away 7,500 Bitcoins, Now Worth $7.5 Million

http://washington.cbslocal.com/2013/...h-7-5-million/
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bowener 03:51 PM 12-03-2013
Originally Posted by taterhog:
agreed. Get in on lightcoins before they potentially trend up. At least you have a chance of mining with decent results there.
In 2009/2010 I was reading about bitcoins, and became quite intrigued. I had an extra $100 to blow, and about pulled the trigger on this, but opted not to. I most likely wasted that $100 on beer. I am sad now.
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CoMoChief 04:05 PM 12-03-2013
I love Max Keiser...dudes hilarious
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taterhog 09:18 AM 12-04-2013
Originally Posted by bowener:
In 2009/2010 I was reading about bitcoins, and became quite intrigued. I had an extra $100 to blow, and about pulled the trigger on this, but opted not to. I most likely wasted that $100 on beer. I am sad now.
That $100 would have you rolling right now.

If you get in early enough, mining makes the most sense. Even with bitcoins you could still mine them, but jesus it would take forever in comparison to even last year. Not saying the next ____coin is going to amount to anything, but if you have a decent graphics card at the very minimum you could start mining and see what happens without spending any money.
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Halfcan 01:43 PM 12-06-2013
Originally Posted by AustinChief:
With the new ASIC hardware coming out later this month... bitcoin mining is going to explode. In theory, a $10k investment in hardware would pay itself off in less then a month and be all profit from there on out. Of course you only would have a year or two max to make that profit in... but hell if it is 20 months of $10k+ profit, that's not too shabby.
Did you buy the mining equipment?
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Halfcan 01:58 PM 12-06-2013
Originally Posted by FD:
Serious advice here, anyone with bitcoins should sell them as soon as they can. Sure, it may go higher, but this bubble will inevitably pop, take what you can and don't try to time the top of the market.
So what is this bubble that will burst? If the market cap is 21 million bitcoins or something like that and there are 12 million now-when it hits the cap it will be worth more than all the gold in the world-would it not?

I have seen several reports that people are just hoarding the coins. There are still wild swings but Bitcoins just passed the value of Gold before declining.

People are holding them thinking they will go up another 100 times in value within a year. Some economist with Bank of America state the value should be $1300 right now.

So how many Bitcoins do you guys own now and are you investing for the long term??
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TambaBerry 11:03 PM 12-08-2013
I just started mining litecoins, I get a projected .09 per day.
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beach tribe 07:43 AM 12-09-2013
Really want to get some bit coins and find Silk road.
I can sell some of that "product" at a HUGE profit.
And the customers are dedicated repeat customers.
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