Bitcoin price $273.68

[raiders72001]

I've been saying that for about a year now. Seriously, you can even research old threads in this forum where there were some arguments (some which got a bit heated) where I said this would happen. But we all know the old adage about fools and their money.

I just wish I was as good as seeing sucker bets in sports as I am at seeing sucker bets in commodities (and I am being generous to call Bitcoin a commodity).

As Sam Odom pointed out. I'm in the #2 group.

1) Investor/Speculator

2) Gambler looking for a way to move $$$

[brooks85]

I'll go to my grave kicking myself about bitcoin especially since someone at the forum here brought it up when it was dirt cheap.

I remember I read the thread and thought to myself "this is clearly a ponzi scheme, there is no way people are that stupid"

Hindsight is 20/20, I now realize that is exactly why I should have bought some; I don't know what I was thinking, learned an important investing lesson there.

[jjgold]

Bitcoin rush is over now if you try to trade to go get killed because of the volatility

[ItsMeMrMattE]

im not saying btc is it, but its pretty safe to say that we are headed towards a point where world economics is conducted in a blockchain type technology basis. the act of passing pieces of paper between on another will seem silly soon enough.

[retard]

This is the same time last year BTC crashed to 300

[brooks85]

im not saying btc is it, but its pretty safe to safe that we are headed towards a point where world economics is conducted in a blockchain type technology basis. the act of passing pieces of paper between on another will seem silly soon enough.

there is no doubt about that. That is what is ironic about bitcoin, it was a ponzi scheme built on an idea to make major banks useless but all they will have done is made them more powerful. Chase said they noticed BTC popularity and said they see a way they could use the idea.

[sourtwist]

Bitcoin is done

[raiders72001]

there is no doubt about that. That is what is ironic about bitcoin, it was a ponzi scheme built on an idea to make major banks useless but all they will have done is made them more powerful. Chase said they noticed BTC popularity and said they see a way they could use the idea.

A lot of coins/banks/companies have tried to supplant Bitcoin as King of the Hill as an e-currency but they've been unsuccessful. There are over 500 alternative coins. Here are the top 10.

1	Bitcoin	BTC	$ 3,899,473,673	$ 284.72	13,695,675	$ 25,443,700	-0.22 %	3.97 %	-8.50 %
2	Ripple	XRP	$ 640,849,637	$ 0.020687	30,978,075,200 *	$ 1,781,270	-0.02 %	2.38 %	-14.57 %
3	Litecoin	LTC	$ 74,396,625	$ 2.10	35,366,504	$ 3,790,740	-0.09 %	1.06 %	-22.42 %
4	PayCoin	XPY	$ 51,527,089	$ 4.18	12,330,742 **	$ 200,405	-2.35 %	-0.25 %	-66.63 %
5	BitShares	BTS	$ 35,893,385	$ 0.014369	2,497,973,773 *	$ 99,547	0.36 %	1.76 %	-8.56 %
6	MaidSafeCoin	MAID	$ 21,987,440	$ 0.048585	452,552,412 *	$ 6,237	0.12 %	1.74 %	1.82 %
7	Stellar	STR	$ 17,615,264	$ 0.004947	3,560,451,775 *	$ 72,569	-0.30 %	-1.25 %	-9.03 %
8	Nxt	NXT	$ 17,078,050	$ 0.017078	999,997,096 *	$ 56,379	1.08 %	0.77 %	2.28 %
9	Dogecoin	DOGE	$ 16,375,811	$ 0.000168	97,332,543,324	$ 333,590	0.45 %	4.41 %	-6.16 %
10	Peercoin	PPC	$ 10,938,180	$ 0.497375	21,991,818	$ 39,658	-0.25 %	3.90 %	-14.04 %

[cburland10]

I don't think you idiots realize the amount of drugs being bought online using btc will make it so BTC never loses its value

and i don't see any of the main underground markets transferring to any other type of crypto

fyi don't ask me how I know this

[raiders72001]

A lot of the alt-coins are pump and dump. There are many day traders and market manipulation seems to be fairly easy.

[ItsMeMrMattE]

i kind of want to get into the alt coin game. seems like it could be fun. the ripple come up has been pretty cool.

[raiders72001]

i kind of want to get into the alt coin game. seems like it could be fun. the ripple come up has been pretty cool.

I was day trading for a while at both cryptsy and BTC-e but haven't done much lately.

[ItsMeMrMattE]

I was day trading for a while at both cryptsy and BTC-e but haven't done much lately.

im starting to see more and more say that making returns in mine-able alt coin markets has passed, and that newcomers should be looking to invest in methods that are similar to what ripple is doing. do you agree?

[raiders72001]

im starting to see more and more say that making returns in mine-able alt coin markets has passed, and that newcomers should be looking to invest in methods that are similar to what ripple is doing. do you agree?

Your guess is as good if not better than mine on the future. I don't know much about mining.

There was a time when it was easy to arb day trading using multiple exchanges but that has passed for the most part.

Day trading was pretty good when the volatility of the coins was much greater than they are today.

I was also monitoring twitter trying to follow those in the pump and dump game.

[raiders72001]

I was really high on ripple at one time and bought a lot as an investment. I sold and ended up taking a loss. I really don't like the centralized ideas.

[muldoon]

Recent charts for Oil and the Ruble.

[ItsMeMrMattE]

is there any place where you can exchange rubles for usd in the US ?

[raiders72001]

is there any place where you can exchange rubles for usd in the US ?

Exchange although not located in the US. https://btc-e.com/

[Sam Odom]

SBR Betpoints > Bitcoins

"IN JOHN WE TRUST"

[muldoon]

SBR Betpoints > Bitcoins

"IN JOHN WE TRUST"

How many points for a pizza these days? versus....2012?

[ItsMeMrMattE]

Exchange although not located in the US. https://btc-e.com/

no i mean if i had ruble notes in hand where could i take them to get usd in return?

[Sam Odom]

How many points for a pizza these days? versus....2012?

Massive Inflationary Period


Sorta like:

[jtoler]

500 betpoints = 1 bitcoin
Ill give 3000 betpoints for 1 bitcoin you can't beat that. Any sellers?

[muldoon]

500 betpoints = 1 bitcoin
Ill give 3000 betpoints for 1 bitcoin you can't beat that. Any sellers?

Pretty sure it's closer to 5000 betpoints for 1 bitcoin right now

[jtoler]

Just joking around but will be fun to watch how low the price goes.

[DCTrue]

yes

Actually, I should have googled that myself, but thanks

[lilbpack1]

What part of "virtual currency" is appealing? Hard to put $ into something that doesn't exist....

not hard at all when i can walk to adams morgan and buy btc at a local diner. and selloff too if need be...

[wagerjunkie]

I don't think you idiots realize the amount of drugs being bought online using btc will make it so BTC never loses its value

and i don't see any of the main underground markets transferring to any other type of crypto

fyi don't ask me how I know this

yup. BTC could survive and thrive on silk road alone.

[jtoler]

yup. BTC could survive and thrive on silk road alone.

So why is the price falling so much?

[shady610]

I wont put my money into a currency that has a market cap smaller than a few peoples individual net worth

[muldoon]

So why is the price falling so much?

Couple rumors. One is a flood of BTC being sold from the MtGox theft.

[Isaiah]

So why is the price falling so much?

Seems like the people singing the praises of bitcoin have a vested interest. Guess I'd do the same if I had a stake in them and stood to lose my money if the bottom falls out.

[Slanina]

I'm a Silver believer. Long term. I buy 10oz bars here and there.

[Slanina]

I'm a Silver believer. Long term. I buy 10oz bars here and there.

Not really sure how that happened...

[jjgold]

I have said critical year for Bitcoin

If price stabilizes it might make it

what is worrisome is a handful of guys can control prices