Bitcoin hit $300 figure this morning

[Russian Rocket]

Hopefully it makes some profit for all the BC holders...don't be greedy fellas - take some profit off the table

[Holtgetsback]

im holding steady

[brooks85]

not interested

[Russian Rocket]

not interested

neither am I, just fascinating to see how far along this project went

[brooks85]

I hear ya, I sure would be interested if I had bought some years ago. Read the other day some guy forgot he bought $24 worth 4 years ago, cashed out some of it and bought a house.

[Russian Rocket]

I hear ya, I sure would be interested if I had bought some years ago. Read the other day some guy forgot he bought $24 worth 4 years ago, cashed out some of it and bought a house.

yeah I read that story...I think it took him the entire day to figure out his password to Bitcoins
he could of waited another month or so and cash even more at $300

[Koldazzice]

I sold half at 270 ish just in case it has another crash I wanted to get a nice chunk of cash locked in.
Used 1/4 of that to get into ltc yesterday at 2.88 and its at 4.14 and sold half of the ltc at that

A nice profit and can now just sit on the remaining and hold strong!

[ACoochy]

The return of silk road anf diving chinese economy at play here...

Feds spend 2.5 years taking down silkroad only to have it reappear within 4 weeks

[Russian Rocket]

I sold half at 270 ish just in case it has another crash I wanted to get a nice chunk of cash locked in.
Used 1/4 of that to get into ltc yesterday at 2.88 and its at 4.14 and sold half of the ltc at that

A nice profit and can now just sit on the remaining and hold strong!

smart man
gl with the rest of this position

[Koldazzice]

smart man
gl with the rest of this position

Cheers, thx rocket

[bigboydan]

The return of silk road anf diving chinese economy at play here...

Feds spend 2.5 years taking down silkroad only to have it reappear within 4 weeks

That still doesn't mean it's safe and can get shutdown at anytime so tread lightly via the most wickest pearl harbor job you ever seen in your life. :

[goofyre]

I sold half at 270 ish just in case it has another crash I wanted to get a nice chunk of cash locked in.
Used 1/4 of that to get into ltc yesterday at 2.88 and its at 4.14 and sold half of the ltc at that

A nice profit and can now just sit on the remaining and hold strong!

How do you go about buying ltc? If like to buy some but don't know where too

[Sdotbold]

The return of silk road anf diving chinese economy at play here...

Feds spend 2.5 years taking down silkroad only to have it reappear within 4 weeks

This. yes and chinese. Was just thinking about investing a few weeks back when it was 140. I only thought about it because of the american govt shut down and all. kicking myself for not pulling the trigger.

[onacloud]

How do you go about buying ltc? If like to buy some but don't know where too

https://btc-e.com/exchange/ltc_btc

[tto827]

That still doesn't mean it's safe and can get shutdown at anytime so tread lightly via the most wickest pearl harbor job you ever seen in your life. :

How can it be shut down at anytime?

I mean the US government has been shut-down more than Bitcoin in the past couple years you moron.

The US still can't even access the Bitcoins it seized, yet you think they are capable of shutting down the entire operation?

Next to your SBR founder badge they should give you a "resident bitcoin retard" badge.

[Coachep]

Great, but good luck ever cashing them out to actual dollars.

[tto827]

Great, but good luck ever cashing them out to actual dollars.

Please, please bless the forum with knowledge regarding why.

[Gonz312]

Cashing out/buying into bitcoin is easier than depositing into most books, probably even easier than depositing a check from a book into most banks. So that comment really makes no sense to me. If your in the US that is...

I had a couple mining computers back in 2010-11 when they were like 20-30 bucks a pop, cashed out early (I believe it was at 24 when I did) because it was a pain in the ass to maintain. Might go down as one of the biggest mistakes of my life

[jjgold]

Rocket what are you into man???

What a screen that is

where do you trade it?

FX broker???

[Russian Rocket]

Rocket what are you into man???

What a screen that is

where do you trade it?

FX broker???

can't tell where I trade JJ...but I trade stocks and currencies for living

[Smoke]

Russia is being monitored by the the feds

[Russian Rocket]

Russia is being monitored by Russian feds

fixed it for ya

[jjgold]

can't tell where I trade JJ...but I trade stocks and currencies for living

AUD should get to 99 cents or so

[Russian Rocket]

AUD should get to 99 cents or so

not now coach...if you're talking about AUD/USD cross I've been short since 97 with stop loss around 96...wanna see a break in 94 figure

[jjgold]

Rocket give me a currency play

I have a few funded accounts

[Russian Rocket]

Rocket give me a currency play

I have a few funded accounts

$AUDJPY trade: 92.95-93.10 sell zone, 93.50 stop, target 91 area
might also try to short EUR with tight stops....target 31 figure

[jjgold]

Thanks Rocket

tight stops a must with currency trading

[eidolon]

I would guess that in the next year or so it will have a sharp spike to maybe 800-1000, but only come crashing down to about a dollar.

Because what is the driving force of this market?
What is backing the value?

[ACoochy]

How
can it be shut down at anytime?

I mean the US government has been shut-down more than Bitcoin in the past couple years you moron.

The US still can't even access the Bitcoins it seized, yet you think they are capable of shutting down the entire operation?

Next to your SBR founder badge they should give you a "resident bitcoin retard" badge.

lol

guy thinks federal investigations are limited only to bitcoin users and not those that use traditional currency.

The old mod who re-opened silk road even used same source code as before, such is his lack of concern that the law will catch him...

BBD proving to be most sheepish poster on sbr which is unfortunate because hes missed out on the chance to make an absolute killing here, more than one could probably make gambling at any book...

Bigger picture guys, the more you know then the more you know...

[byronbb]

Cashing out/buying into bitcoin is easier than depositing into most books, probably even easier than depositing a check from a book into most banks. So that comment really makes no sense to me. If your in the US that is...

I had a couple mining computers back in 2010-11 when they were like 20-30 bucks a pop, cashed out early (I believe it was at 24 when I did) because it was a pain in the ass to maintain. Might go down as one of the biggest mistakes of my life

Don't worry there are many like you with worse blunders, like the guy who paid 10,000btc for 2 pizzas in 2009............... Or the idiot who layed 7000 bitcoins at -2531 on just-dice.com and LOST, which at the times was worth 800kUSD and now $2.1megas

[byronbb]

How do you go about buying ltc? If like to buy some but don't know where too

maybe check localbitcoins.com. Could be ltc sellers there.

[ACoochy]

That still doesn't mean it's safe and can get shutdown at anytime so tread lightly via the most wickest pearl harbor job you ever seen in your life. :

So how do you feel knowing that 10 of millions of dollars of taxpayer money was effectively wasted here??

Feds look SO inept and utterly useless in this situation yet the delusion in you still believes its all a 'set-up'??

Anyone with half a clue uses sites that aren't publicly known anyway...

Underworld will always be one step ahead Dan, that's why law enforcement exists to begin with...

I don't approve of/support this but you need to understand and accept this sir...

[ACoochy]

This. yes and chinese. Was just thinking about investing a few weeks back when it was 140. I only thought about it because of the american govt shut down and all. kicking myself for not pulling the trigger.

End of national currencies will be a long and drawn put process but can see if happening (given current fiscal situation many governments around the world find themselves in) within my lifetime...

Bring on a global currency...One free of any federal reserve interference...

[ACoochy]

I would guess that in the next year or so it will have a sharp spike to maybe 800-1000, but only come crashing down to about a dollar.

Because what is the driving force of this market?
What is backing the value?

1. Belief in the fact its a tradable commodity (Like "real" money but without the trillions of debt underlying it)...

2. More and more traditional type businesses beginning to understand and take on bitcoin as a way of doing business (Note chinese internet giant BAIDU accepts bitcoin along with Reddit and OkCupid, to name a few). More people that trade it then the more stable (over time) it will become.

3. Fact that its not under government control, thus can not be manipulated by federal banking systems. Past bubbles in btc have burst because a small % of users tried to corner the market. Remember, theres only a limited number of bitcoins atm by the year 2040 the plan is for all bitcoins to be broken down whereby each bitcoin will be comprised of 8 million (I believe, don't directly quote me here) nano-type coins.

Think of it as a dollars and cents type scenario but for digital crypto currency. GL

[eidolon]

1. Belief in the fact its a tradable commodity (Like "real" money but without the trillions of debt underlying it)...

2. More and more traditional type businesses beginning to understand and take on bitcoin as a way of doing business (Note chinese internet giant BAIDU accepts bitcoin along with Reddit and OkCupid, to name a few). More people that trade it then the more stable (over time) it will become.

3. Fact that its not under government control, thus can not be manipulated by federal banking systems. Past bubbles in btc have burst because a small % of users tried to corner the market. Remember, theres only a limited number of bitcoins atm by the year 2040 the plan is for all bitcoins to be broken down whereby each bitcoin will be comprised of 8 million (I believe, don't directly quote me here) nano-type coins.

Think of it as a dollars and cents type scenario but for digital crypto currency. GL

So correct me if I'm wrong, but this is how I see it:

A person or group of ppl wanted to start their own trade of goods market.
They started it and used the name bitcoin as a value. Each bitcoin came originally from, lets say, 1million of them (total 1 milllion bitcoins).
For people to join this market they had to purchase bitcoins with other currencies (yen, dollar, etc.).
The original owner(s) of the coins would slowly let people buy in. They would buy from the 1million bitcoin.

So if this is the case, does the value go up because of the demand of wanting to be part of this market? How is determined what the value is of each bitcoin?

I'm not trying to say this is crap, I'm just intrigued by this market.