Author Topic: Come watch bitcoin crash from over $200 back down to $10 in real time (Read 6970 times)

Don Flamenco · « **on:** April 10, 2013, 02:31:27 PM »

I'm lazy so I'll just post this here:

http://www.neogaf.com/forum/showthread.php?t=533793

I was on mt. gox, it was at $200 per bitcoin, I hit F5, it was at $150.

all i can say is, i'm buying this shit up for the next spike once it gets back to like $10-$20.

Human Snorenado · « **Reply #1 on:** April 10, 2013, 02:32:39 PM »

I have a friend who cashed out earlier this week, and bought an apartment in Brooklyn.

Joe Molotov · « **Reply #2 on:** April 10, 2013, 02:37:58 PM »

14:28] <acasey07> the market is jammed right now
[14:28] <datluc> jammed like ron paul's freedom rod in ayn rand's free market tunnel

BobFromPikeCreek · « **Reply #3 on:** April 10, 2013, 02:41:19 PM »

Wish I got in on this.

hampster · « **Reply #4 on:** April 10, 2013, 02:47:19 PM »

I should buy some bitcoins in a few weeks and then forget about them until the next Euro crisis hits, then I can cash out and buy a PS4

Don Flamenco · « **Reply #5 on:** April 10, 2013, 02:58:23 PM »

Quote from: BobFromPikeCreek on April 10, 2013, 02:41:19 PM

Wish I got in on this.

give it a few days!

although i've signed up for mt. gox and am mad that I can't just fund my account right away. have to do a bank transfer and all that shit

BobFromPikeCreek · « **Reply #6 on:** April 10, 2013, 02:59:48 PM »

I signed up for Gox yesterday, but I'm waiting on verification. With all this shit going down I reckon I'll miss the boat again.

Don Flamenco · « **Reply #7 on:** April 10, 2013, 03:02:43 PM »

i just put mine through, but I don't have a paper bill (who does?) to give to them, so I might have screwed up.

BobFromPikeCreek · « **Reply #8 on:** April 10, 2013, 03:07:01 PM »

I sent them the pdf version of my bill I got from the Virgin Mobile site. Hope that's good enough for them!

Don Flamenco · « **Reply #9 on:** April 10, 2013, 03:10:41 PM »

[13:53] <Mayo> DON'T SELL, DON'T WORRY!!! HERE ARE SOME PEOPLE WORKING TO BANK AND POLITICS, THEY ARE SAYING THAT BTC IS A BUBBLE. DON'T BELIEVE THEY, BECAUSE IS IMPOSIBLE TO BE A BUBBLE, BTC IS CAPITALIZING NOT A BUBBLE, DON'T WORRY!!! THEY USE YOU

seems legit

Don Flamenco · « **Reply #10 on:** April 10, 2013, 03:18:56 PM »

Quote from: BobFromPikeCreek on April 10, 2013, 03:07:01 PM

I sent them the pdf version of my bill I got from the Virgin Mobile site. Hope that's good enough for them!

just did the same.

Seems like the easiest way to get money in there is verification, then transferring with Dwolla?

Howard Alan Treesong · « **Reply #11 on:** April 10, 2013, 03:20:05 PM »

Quote from: Don Flamenco on April 10, 2013, 03:10:41 PM

[13:53] <Mayo> DON'T SELL, DON'T WORRY!!! HERE ARE SOME PEOPLE WORKING TO BANK AND POLITICS, THEY ARE SAYING THAT BTC IS A BUBBLE. DON'T BELIEVE THEY, BECAUSE IS IMPOSIBLE TO BE A BUBBLE, BTC IS CAPITALIZING NOT A BUBBLE, DON'T WORRY!!! THEY USE YOU

seems legit

this guy seems to know a lot about international monetary policy

I'd like to give him several hundred dollars

Don Flamenco · « **Reply #12 on:** April 10, 2013, 03:22:16 PM »

Quote from: The Business on April 10, 2013, 03:14:31 PM

It's rebounding.

its gonna be doing that a lot today

man, i feel dumb for having watched btc over the years, but not ever purchasing it when it was low, knowing that it would go back up again :'(

Flannel Boy · « **Reply #13 on:** April 10, 2013, 03:31:28 PM »

The official currency of the Internets. Use your bitcoins to finally buy that pony you always ~~lusted after~~ wanted.

Don Flamenco · « **Reply #14 on:** April 10, 2013, 03:34:08 PM »

i think most people just use it to buy some horse

Diunx · « **Reply #15 on:** April 10, 2013, 03:35:37 PM »

Buying some when it hits 10!

BobFromPikeCreek · « **Reply #16 on:** April 10, 2013, 03:45:09 PM »

Wait a minute. Do you not need to be verified at Gox to deposit money? Is it only for huge deposits? I'm confused.

Don Flamenco · « **Reply #17 on:** April 10, 2013, 03:57:20 PM »

Quote from: BobFromPikeCreek on April 10, 2013, 03:45:09 PM

Wait a minute. Do you not need to be verified at Gox to deposit money? Is it only for huge deposits? I'm confused.

I think you can do bank transfers.

They just have a restriction on Dwolla where you have to be verified first.

and yeah, every site that works with bitcoin is written and laid out in a confusing as fuck way.

BobFromPikeCreek · « **Reply #18 on:** April 10, 2013, 03:59:13 PM »

Well the site says I'm number 15880 in line in the verification process

.

nudemacusers · « **Reply #19 on:** April 10, 2013, 04:12:19 PM »

what is this and how do i fund my son's college education with it

BobFromPikeCreek · « **Reply #20 on:** April 10, 2013, 04:13:15 PM »

Go back in time a couple of years.

nudemacusers · « **Reply #21 on:** April 10, 2013, 04:25:05 PM »

Howard Alan Treesong · « **Reply #22 on:** April 10, 2013, 04:38:30 PM »

Quote from: macuser3of5 on April 10, 2013, 04:25:05 PM

done

remember to reset your computer clock whenever you travel back in time

otherwise you might upset the past-ies

Don Flamenco · « **Reply #23 on:** April 10, 2013, 05:01:54 PM »

The weirdest part about bitcoin is that when money is "lost" by a site, there's so much obfuscation of ownership + international law in the way that the owners just get away with it. Oh and these people are anti-govt involvement in the first place, so they don't try to sue

Great Rumbler · « **Reply #24 on:** April 10, 2013, 05:25:27 PM »

...Bitcoin?

Don Flamenco · « **Reply #25 on:** April 10, 2013, 05:31:12 PM »

e-dollars free from government regulation, backed by a cryptographical system that limits the amount that can be "printed" and ensures their security from counterfeit and charge backs.

a libertarian's cream dream that might actually play out

spoiler (click to show/hide)

basically, people use them to buy drugs online through TOR

[close]

BobFromPikeCreek · « **Reply #26 on:** April 10, 2013, 05:44:54 PM »

Wish I had this shit in order today.

Saw bitcoins going for 100 at one point and now they're back to touching 180.

Joe Molotov · « **Reply #27 on:** April 10, 2013, 05:57:57 PM »

Quote from: The Business on April 10, 2013, 05:54:21 PM

Because of this everyone wants to invest in Bitcoin now and that makes me nervous.

DON'T BELIEVE THEY, BECAUSE IS IMPOSIBLE TO BE A BUBBLE, BTC IS CAPITALIZING NOT A BUBBLE, DON'T WORRY!!!

nudemacusers · « **Reply #28 on:** April 10, 2013, 05:59:35 PM »

send me money and I will start a borecoin economy.

Yeti · « **Reply #29 on:** April 10, 2013, 06:02:24 PM »

it's like people are speaking a different language in this thread.

Phoenix Dark · « **Reply #30 on:** April 10, 2013, 06:03:58 PM »

Quote from: Howard Alan Treesong on April 10, 2013, 03:20:05 PM

Quote from: Don Flamenco on April 10, 2013, 03:10:41 PM
[13:53] <Mayo> DON'T SELL, DON'T WORRY!!! HERE ARE SOME PEOPLE WORKING TO BANK AND POLITICS, THEY ARE SAYING THAT BTC IS A BUBBLE. DON'T BELIEVE THEY, BECAUSE IS IMPOSIBLE TO BE A BUBBLE, BTC IS CAPITALIZING NOT A BUBBLE, DON'T WORRY!!! THEY USE YOU

seems legit

this guy seems to know a lot about international monetary policy

I'd like to give him several hundred dollars

You better hurry up before your dollars are turned into ameros

Phoenix Dark · « **Reply #31 on:** April 10, 2013, 06:06:57 PM »

You know shit is real when you're computer illiterate uncle calls and asks how can he take advantage of the "beta coin" rush.

nudemacusers · « **Reply #32 on:** April 10, 2013, 06:13:06 PM »

Quote from: Phoenix Dark on April 10, 2013, 06:06:57 PM

You know shit is real when you're computer illiterate uncle calls and asks how can he take advantage of the "beta coin" rush.

tell him to send you some money for 'investment'.

sadly, this 'investment' will not pan out. i'm sure he will understand.

pickle · « **Reply #33 on:** April 10, 2013, 07:02:15 PM »

Fuck, this bubble peaked way higher than the last one. Will the next be even higher? What a stable investment vehicle.

Flannel Boy · « **Reply #34 on:** April 10, 2013, 07:10:22 PM »

Quote from: The Business on April 10, 2013, 06:07:41 PM

Yep, I'm sitting this one out.

The business knows his business.

Howard Alan Treesong · « **Reply #35 on:** April 10, 2013, 07:50:17 PM »

bitcoins are digital gold: the price can only ever go up!

Don Flamenco · « **Reply #36 on:** April 10, 2013, 07:56:36 PM »

Quote from: pickle on April 10, 2013, 07:02:15 PM

Fuck, this bubble peaked way higher than the last one. Will the next be even higher? What a stable investment vehicle.

yeah this is pretty nuts. but I think that just means it'll take a little longer for people to stop paying attention. perhaps it won't bottom out as low as before though.

Beezy · « **Reply #37 on:** April 10, 2013, 08:10:29 PM »

I still don't know wtf bitcoin is. Looks like I don't need to anyway.

Van Cruncheon · « **Reply #38 on:** April 10, 2013, 08:45:31 PM »

that's what happens when you compete with ZOGBUX(tm), the only international currency backed with the blood of christian babies

Steve Contra · « **Reply #39 on:** April 10, 2013, 08:46:42 PM »

Quote from: Van Cruncheon on April 10, 2013, 08:45:31 PM

that's what happens when you compete with ZOGBUX(tm), the only international currency backed with the blood of christian babies

This is why Mandark isn't more critical of the fed.

Rufus · « **Reply #40 on:** April 10, 2013, 09:20:43 PM »

Quote from: Beezy on April 10, 2013, 08:10:29 PM

I still don't know wtf bitcoin is. Looks like I don't need to anyway.

It's like gold in Diablo, only there's a cap on the total amount and you can directly pay for goods and services in the real world with it. People "mine" bitcoins by doing some computational task (with GPUs, a bunch of server or even botnets) until the total amount is reached some time in the future. There's no central authority. It all works via P2P, including payment.

That's as far as I "understand" it.

pickle · « **Reply #41 on:** April 10, 2013, 09:36:04 PM »

This is hilarious. It's like a real-life economics experiment.

Flannel Boy · « **Reply #42 on:** April 10, 2013, 09:41:29 PM »

Joe Molotov · « **Reply #43 on:** April 10, 2013, 10:26:05 PM »

Obama should get the Treasury to make the $1 Trillion coin, and then spend it all on Bitcoins. Economy saved!

Phoenix Dark · « **Reply #44 on:** April 10, 2013, 11:18:30 PM »

Quote from: Beezy on April 10, 2013, 08:10:29 PM

I still don't know wtf bitcoin is. Looks like I don't need to anyway.

Ok say you catch a man on your corner who isn't on the team, boom. You step to him because he's stealing your real estate, but you're on probation and thus aren't strapped. He pulls the heat and you take a hot one in the leg, nahmean. You get out the hospital and find out dude is in jail, boom, so you can't touch him. You don't have the paper to send a kite to your homie on the inside, so you go to your local library and access the dark Internet in order to hire a Day Of the Jackal type nicca with your bitcoin dough.

That's what bitcoins are, dun.

Madrun Badrun · « **Reply #45 on:** April 10, 2013, 11:22:52 PM »

Beezy · « **Reply #46 on:** April 11, 2013, 12:11:26 AM »

:jada

Don Flamenco · « **Reply #47 on:** April 11, 2013, 12:22:21 AM »

and the other use for them other than assassins is drugs

nudemacusers · « **Reply #48 on:** April 11, 2013, 12:31:41 AM »

Quote from: Phoenix Dark on April 10, 2013, 11:18:30 PM

Quote from: Beezy on April 10, 2013, 08:10:29 PM
I still don't know wtf bitcoin is. Looks like I don't need to anyway.
Ok say you catch a man on your corner who isn't on the team, boom. You step to him because he's stealing your real estate, but you're on probation and thus aren't strapped. He pulls the heat and you take a hot one in the leg, nahmean. You get out the hospital and find out dude is in jail, boom, so you can't touch him. You don't have the paper to send a kite to your homie on the inside, so you go to your local library and access the dark Internet in order to hire a Day Of the Jackal type nicca with your bitcoin dough.

That's what bitcoins are, dun.

put this to music and you have a new prodigy track

Don Flamenco · « **Reply #49 on:** April 11, 2013, 11:39:10 AM »

and here we go:
http://www.neogaf.com/forum/showthread.php?t=538434

now flatten out completely and get my acct approved so I can get in there

Great Rumbler · « **Reply #50 on:** April 11, 2013, 12:04:08 PM »

Quote from: Don Flamenco on April 11, 2013, 11:39:10 AM

and here we go:
http://www.neogaf.com/forum/showthread.php?t=538434

now flatten out completely and get my acct approved so I can get in there

Don Flamenco · « **Reply #51 on:** April 11, 2013, 12:38:37 PM »

man, Mt. Gox is kinda sketchy as fuck.

Howard Alan Treesong · « **Reply #52 on:** April 11, 2013, 12:57:49 PM »

"I don't trust banks or governments. But sketchy barter sites on the Internet, sure whatevs."

Madrun Badrun · « **Reply #53 on:** April 11, 2013, 01:01:41 PM »

Making fun of freedom-patriots only makes their resolve harder, Howard.

Joe Molotov · « **Reply #54 on:** April 11, 2013, 01:03:34 PM »

Freedom isn't free.

Howard Alan Treesong · « **Reply #55 on:** April 11, 2013, 01:08:05 PM »

"Mt. Gox rhymes with Fort Knox. Therefore my Bitcoins are as secure as gold, Q.E.D."

Barry Egan · « **Reply #56 on:** April 11, 2013, 01:21:30 PM »

but what is the melt value of a bit coin?

Don Flamenco · « **Reply #57 on:** April 11, 2013, 02:14:20 PM »

Quote from: Joe Molotov on April 11, 2013, 01:03:34 PM

Freedom isn't free.

Sometimes you have to get thousands heisted from you and stand idly by with your dick in your hand instead of running to the legal system, hoping that one day you'll be able to shoot them without big government getting involved.

hampster · « **Reply #58 on:** April 11, 2013, 02:42:10 PM »

A store down the street from me accepts bitcoins... or at least the sign says they do. I've never actually gone in there. They also except my city's "Local Currency" and normal dollars

If they get a fresh coat of paint I'll know where the money came from

Howard Alan Treesong · « **Reply #59 on:** April 11, 2013, 03:21:13 PM »

Someone steal your Bitcoins? Then you need to steal them back. Welcome to the bearer-based commodity currency of the future! Personally, I keep my Bitcoins on a USB key under my mattress.

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Author Topic: Come watch bitcoin crash from over $200 back down to $10 in real time (Read 6970 times)