Quake3World.com Forums
     General Discussion
        Bitcoin is tumbling


Post new topicReply to topic
Login | Profile | | FAQ | Search | IRC




Previous topic | Next topic 
Topic Starter Topic: Bitcoin is tumbling

Lead Pipe Mafia
Lead Pipe Mafia
Joined: 15 Oct 2007
Posts: 4514
PostPosted: 02-25-2014 07:32 AM           Profile   Send private message  E-mail  Edit post Reply with quote


Now's the time to watch it closely. When it drops to 20$ per coin buy it up and store it. MT Gox went down which was one of the main trading hubs and is causing the value to plummet. Last time this happened the value dropped to near worthless and the news caused it to shoot up to 1000$+ per coin, watch for a re-occurrence but don't invest heavily of course. That shit is about as stable as jelo.




Top
                 

plained
plained
Joined: 12 Jun 2002
Posts: 18734
PostPosted: 02-25-2014 09:03 AM           Profile Send private message  E-mail  Edit post Reply with quote


this shit is no investment

its equivalent to a scratch card.

why bother when the market is rockin so heavy at the moment, and there good ligit shit on there (lol sure tho ey)

with the current state of the market its like scooping money off the ground



_________________
it is about time!


Top
                 

Welfare Recipient
Welfare Recipient
Joined: 02 Mar 2007
Posts: 19864
PostPosted: 02-25-2014 09:10 AM           Profile Send private message  E-mail  Edit post Reply with quote


It seems like every quarter... My wife's 401k jumps 50k in value... And btw... being married... That is all mine... I win...




Top
                 

Lead Pipe Mafia
Lead Pipe Mafia
Joined: 15 Oct 2007
Posts: 4514
PostPosted: 02-25-2014 09:19 AM           Profile   Send private message  E-mail  Edit post Reply with quote


plained wrote:
this shit is no investment

its equivalent to a scratch card.

why bother when the market is rockin so heavy at the moment, and there good ligit shit on there (lol sure tho ey)

with the current state of the market its like scooping money off the ground


It's more or less an easy way to make a quick buck since it isn't regulated. The problem with it of course is that it's never going to be a long term investment, you invest in bitcoin to make a quick buck and try to do it at an opportunistic moment. Like what's going on now.

If the past is any indication, bitcoin losing value fast creates a lot of news for bitcoins which in turn drives it's value back up. At some point it will crash again so don't be greedy, invest 100$ in bitcoin when it's low enough for you and then pull out and get a return of 5000$. I almost did this during the last crash but decided to watch instead since it was the first. Now I'm going to watch and then see if I can buy some bitcoins from some locals around town once it goes down in value enough and then sell it when the next market opens for trading. It's gamble sure but your odds are much higher than playing a scratch and win.




Top
                 

Welfare Recipient
Welfare Recipient
Joined: 02 Mar 2007
Posts: 19864
PostPosted: 02-25-2014 10:04 AM           Profile Send private message  E-mail  Edit post Reply with quote


This ain't 1998 moron...




Top
                 

Digital Nausea
Digital Nausea
Joined: 10 Feb 2001
Posts: 23335
PostPosted: 02-25-2014 10:16 AM           Profile   Send private message  E-mail  Edit post Reply with quote


plained wrote:
this shit is no investment

its equivalent to a scratch card.

why bother when the market is rockin so heavy at the moment, and there good ligit shit on there (lol sure tho ey)

with the current state of the market its like scooping money off the ground


Do you do any day trading?




Top
                 

Canadian Shaft
Canadian Shaft
Joined: 01 Mar 2001
Posts: 19711
PostPosted: 02-25-2014 11:36 AM           Profile Send private message  E-mail  Edit post Reply with quote


plained wrote:
this shit is no investment

its equivalent to a scratch card.

why bother when the market is rockin so heavy at the moment, and there good ligit shit on there (lol sure tho ey)

with the current state of the market its like scooping money off the ground


DEWM FROZ

WNTR




Top
                 

plained
plained
Joined: 12 Jun 2002
Posts: 18734
PostPosted: 02-25-2014 11:38 AM           Profile Send private message  E-mail  Edit post Reply with quote


HM-PuFFNSTuFF wrote:
plained wrote:
this shit is no investment

its equivalent to a scratch card.

why bother when the market is rockin so heavy at the moment, and there good ligit shit on there (lol sure tho ey)

with the current state of the market its like scooping money off the ground


DEWM FROZ

WNTR


like squirrel nuts?

i'm not sure i get that one puff



_________________
it is about time!


Top
                 

plained
plained
Joined: 12 Jun 2002
Posts: 18734
PostPosted: 02-25-2014 11:38 AM           Profile Send private message  E-mail  Edit post Reply with quote


Κracus wrote:
plained wrote:
this shit is no investment

its equivalent to a scratch card.

why bother when the market is rockin so heavy at the moment, and there good ligit shit on there (lol sure tho ey)

with the current state of the market its like scooping money off the ground


It's more or less an easy way to make a quick buck since it isn't regulated. The problem with it of course is that it's never going to be a long term investment, you invest in bitcoin to make a quick buck and try to do it at an opportunistic moment. Like what's going on now.

If the past is any indication, bitcoin losing value fast creates a lot of news for bitcoins which in turn drives it's value back up. At some point it will crash again so don't be greedy, invest 100$ in bitcoin when it's low enough for you and then pull out and get a return of 5000$. I almost did this during the last crash but decided to watch instead since it was the first. Now I'm going to watch and then see if I can buy some bitcoins from some locals around town once it goes down in value enough and then sell it when the next market opens for trading. It's gamble sure but your odds are much higher than playing a scratch and win.



well gl with it then



_________________
it is about time!


Top
                 

no homo
no homo
Joined: 28 Feb 2006
Posts: 13721
PostPosted: 02-25-2014 02:06 PM           Profile   Send private message  E-mail  Edit post Reply with quote


scared? wrote:
My wife's 401k jumps 50k in value...


It takes her 8 years to make that though.



_________________
Thick, solid and tight in all the right places.


Top
                 

Your Daddy
Your Daddy
Joined: 20 Feb 2000
Posts: 13087
PostPosted: 02-26-2014 05:52 AM           Profile   Send private message  E-mail  Edit post Reply with quote


Kracus, which of your investment accounts will you be moving assets from for this effort?



_________________
[WYD]


Top
                 

Lead Pipe Mafia
Lead Pipe Mafia
Joined: 15 Oct 2007
Posts: 4514
PostPosted: 02-26-2014 06:25 AM           Profile   Send private message  E-mail  Edit post Reply with quote


pocket change. I wouldn't consider anything bitcoin related an investment, it's more of a gamble. Right now it's been hovering around 500$ per bitcoin which is down from roughly 1500$. I'd like it to get into the double digits before buying anything. Personally I'd like to see a huge crash to see it go down to roughly 20$ or less per coin back to what it was near the start of when they came out. Not sure that's going to happen, I expected it to be much lower than it is today.

I own stocks in my name, not street name so selling my stocks is a bit harder than it would if you were going through a Stock Broker. My stocks pay dividends though so I'm invested for the long run in those stocks, selling just isn't part of the plan since I want to use them as a secondary source of income, as opposed to selling.




Top
                 

no homo
no homo
Joined: 28 Feb 2006
Posts: 13721
PostPosted: 02-26-2014 06:31 AM           Profile   Send private message  E-mail  Edit post Reply with quote


:olo:



_________________
Thick, solid and tight in all the right places.


Top
                 

Lead Pipe Mafia
Lead Pipe Mafia
Joined: 15 Oct 2007
Posts: 4514
PostPosted: 02-26-2014 06:48 AM           Profile   Send private message  E-mail  Edit post Reply with quote


Yeah making money IS hilarious.




Top
                 

god xor reason
god xor reason
Joined: 08 Dec 1999
Posts: 21100
PostPosted: 02-26-2014 07:20 AM           Profile   Send private message  E-mail  Edit post Reply with quote


mtgox isn't shit. It's been flopping around like a dead fish for far too long to matter these days.

Check out https://btc-e.com/




Top
                 

Lead Pipe Mafia
Lead Pipe Mafia
Joined: 15 Oct 2007
Posts: 4514
PostPosted: 02-26-2014 07:37 AM           Profile   Send private message  E-mail  Edit post Reply with quote


Meh I don't particularly care whether or not it's shit. I just care that it's causing the value of bitcoins to tumble. Frankly if I could artificially cause it to fall I would.

edit: Maybe someone should hack BTC-E :p




Top
                 

Lead Pipe Mafia
Lead Pipe Mafia
Joined: 15 Oct 2007
Posts: 4514
PostPosted: 02-26-2014 07:39 AM           Profile   Send private message  E-mail  Edit post Reply with quote


Also a cool site to follow http://fiatleak.com/

edit: Seems China is investing massively in bitcoins...




Top
                 

no homo
no homo
Joined: 28 Feb 2006
Posts: 13721
PostPosted: 02-26-2014 07:42 AM           Profile   Send private message  E-mail  Edit post Reply with quote


Κracus wrote:
Yeah making money IS hilarious.


That's why I'm laughing and you're not.



_________________
Thick, solid and tight in all the right places.


Top
                 

Messatsu Ko Jy-ouu
Messatsu Ko Jy-ouu
Joined: 24 Nov 2000
Posts: 43399
PostPosted: 02-26-2014 07:43 AM           Profile   Send private message  E-mail  Edit post Reply with quote


:olo:




Top
                 

plained
plained
Joined: 12 Jun 2002
Posts: 18734
PostPosted: 02-26-2014 07:44 AM           Profile Send private message  E-mail  Edit post Reply with quote


well i respect your opinion quite a lot bitWISE.

for me bitcoin may be ok but like i say atm the market is wide open for profit

the main rule i have when investing is i never listen to anybody or anything about investing, i only invest in what i know about and what my heart tells me to.

this rule has worked very very well for me.



_________________
it is about time!


Top
                 

!Berserker!
!Berserker!
Joined: 22 Feb 2005
Posts: 2100
PostPosted: 02-26-2014 08:44 AM           Profile   Send private message  E-mail  Edit post Reply with quote


Κracus wrote:
edit: Seems China is investing massively in bitcoins...


This happened over a month ago: http://www.wired.com/wiredenterprise/2014/01/huobi/




Top
                 

Your Other Daddy
Your Other Daddy
Joined: 03 Dec 1999
Posts: 19705
PostPosted: 02-28-2014 06:53 PM           Profile Send private message  E-mail  Edit post Reply with quote


bitWISE wrote:
mtgox isn't shit. It's been flopping around like a dead fish for far too long to matter these days.

Check out https://btc-e.com/


it's shit



_________________
[WYD]SoM


Top
                 

The World is Yours...
The World is Yours...
Joined: 03 May 2007
Posts: 1134
PostPosted: 03-06-2014 04:53 PM           Profile Send private message  E-mail  Edit post Reply with quote




_________________
Be sure your sin will find you out...


Top
                 

Lead Pipe Mafia
Lead Pipe Mafia
Joined: 15 Oct 2007
Posts: 4514
PostPosted: 03-07-2014 12:01 PM           Profile   Send private message  E-mail  Edit post Reply with quote


Yeah that's fucked up.

I also heard that the creator of bitcoin was finally tracked down and revealed. Watch for his death soon.




Top
                 

foolproof
foolproof
Joined: 11 Jan 2001
Posts: 7927
PostPosted: 03-07-2014 12:14 PM           Profile Send private message  E-mail  Edit post Reply with quote


Are you an idiot?

Don't buy into the media ruse, kracus.
Obviously Bitcoin is not the work of one man.
It's a construct conceived many decades ago.
A backup plan that springs into action when global doom is nigh.

Forged out of the most powerful British calculators, German diesel engines, and French baguettes, Bitcoin will stand tall for all of us.
Liberate us.
Pay for this fucking pizza I expect any minute now :drool:




Top
                 

Arrr?
Arrr?
Joined: 09 Feb 2001
Posts: 34089
PostPosted: 03-07-2014 08:51 PM           Profile   Send private message  E-mail  Edit post Reply with quote


vileliquid1026 wrote:

That's such a non-story. Her death wasn't Bitcoin-related and the exchange she was a part of is not exactly big. Besides, Bitcoin seems to be pretty resilient so far, even in light of Mt. Gox going under.



_________________
YourGrandpa wrote:
Everyone wants to be right all the time.

YourGrandpa wrote:
I'm satisfied with voicing my opinion and moving on.


Top
                 

Lead Pipe Mafia
Lead Pipe Mafia
Joined: 15 Oct 2007
Posts: 4514
PostPosted: 12-07-2017 08:48 AM           Profile   Send private message  E-mail  Edit post Reply with quote


So... anyone here heed my advice? If you did you'd be a millionaire today. You're welcome.

Edit: also... to everyone that laughed at me in this thread. Shit ain't so funny now is it?




Top
                 

Messatsu Ko Jy-ouu
Messatsu Ko Jy-ouu
Joined: 24 Nov 2000
Posts: 43399
PostPosted: 12-07-2017 08:55 AM           Profile   Send private message  E-mail  Edit post Reply with quote


so youre a millionaire now?




Top
                 

Lead Pipe Mafia
Lead Pipe Mafia
Joined: 15 Oct 2007
Posts: 4514
PostPosted: 12-07-2017 08:59 AM           Profile   Send private message  E-mail  Edit post Reply with quote


A quarter of the way there...




Top
                 

Messatsu Ko Jy-ouu
Messatsu Ko Jy-ouu
Joined: 24 Nov 2000
Posts: 43399
PostPosted: 12-07-2017 09:00 AM           Profile   Send private message  E-mail  Edit post Reply with quote


So no then.

still funny.




Top
                 

Lead Pipe Mafia
Lead Pipe Mafia
Joined: 15 Oct 2007
Posts: 4514
PostPosted: 12-07-2017 09:03 AM           Profile   Send private message  E-mail  Edit post Reply with quote


Yeah it is funny. You guys missed out on a shit ton of easy money.




Top
                 

Digital Nausea
Digital Nausea
Joined: 10 Feb 2001
Posts: 23335
PostPosted: 12-07-2017 09:26 AM           Profile   Send private message  E-mail  Edit post Reply with quote


Κracus wrote:
So... anyone here heed my advice? If you did you'd be a millionaire today. You're welcome.

Edit: also... to everyone that laughed at me in this thread. Shit ain't so funny now is it?


It was over $500 when you made the original post and it went up from there. It never went back down to $20 like you suspected. So a person would have had to invested $33k at the time of your original post to be a millionaire now. I doubt you did that...




Top
                 

Bück Dich
Bück Dich
Joined: 21 Oct 2003
Posts: 5984
PostPosted: 12-07-2017 09:28 AM           Profile Send private message  E-mail  Edit post Reply with quote


how much did you invest and what's your return been? have you sold it now?

the thing that annoys me about bitcoin is the amount of energy and effort that goes into mining (which is HUGE) is all using real, tangible resources for something that is complete make believe and bullshit.



_________________
[size=85]


Top
                 

Digital Nausea
Digital Nausea
Joined: 10 Feb 2001
Posts: 23335
PostPosted: 12-07-2017 09:28 AM           Profile   Send private message  E-mail  Edit post Reply with quote


Also, it’ll crash soon. There’s no way to withstand this...




Top
                 

Aneurysm
Aneurysm
Joined: 10 Dec 1999
Posts: 11901
PostPosted: 12-07-2017 09:44 AM           Profile   Send private message  E-mail  Edit post Reply with quote


Can you even turn bitcoin into cash money or anything else that you can spend? I thought it was just black markets and drug dealers who dealt with crypto currency.




Top
                 
Quake3World.com | Forum Index | General Discussion


Post new topic Reply to topic


cron
Quake3World.com
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group