Okay, Bitcoin looney birds, take notice what the Winklevoss twins did today

[ACoochy]

don't try to catch a falling knife...that's the worst thing you can do as an investor...wait for the price to stabilize a little - looking at the daily volatility of this trade, I don't believe it will ever happen though...maybe only when people lose interest in it or something

There are too many people around the world that are disillusioned with the current state of world affairs to ensure that not only will bitcoin survive but continue to make leaps forward.

Remember, there's no 18+trillion debt attached to these digital currencies...

[packerd_00]

think of it liken to HARLEY DAVIDSON

Whats that mean.

[Git Lo]

There are too many people around the world that are disillusioned with the current state of world affairs to ensure that not only will bitcoin survive but continue to make leaps forward.

Remember, there's no 18+trillion debt attached to these digital currencies...

You are betting on the end game. The part of the game you won't live to see.

[ACoochy]

You are betting on the end game. The part of the game you won't live to see.

End game lol

Hardly. Simply a redistribution of power

[PAULYPOKER]

Whats that mean.

Harleys are expensive because of demand not supply.........

The US dollar is worthless because of supply..........

[packerd_00]

Harleys are expensive because of demand not supply.........

The US dollar is worthless because of supply..........

Oh I see what your getting at,my dads owned Harleys for as far back as I can remember. Best quality Motorcycle in the world.

[PAULYPOKER]

Bit coins are liken to the walking dead only there is no way to kill em.......

They survived the winkle nut twins and China..

The dead/BC eating up shit loads of brains=eating up shit loads of profit!Lol

[Git Lo]

they call it sh itcoin nowadays

[PhillyFlyers]

Sam Diamond Forum Retard,

Did bitcoin die yet?



What a fukkin moron.

[stevenash]

The US dollar is worthless

That's funny, walked into the CVS for a pack of smokes, "clerk says that'll be $5.85", I said "here's my smart phone, let me upload that for you in bitcoins", clerk says, "listen pal, US greenbacks or I'm calling security"

So, what has worth, and what is worthless.
Bitcoins are worthless is the correct answer.

I already know the followup statement.
"just wait, they are going to replace the US Dollar, any day now"
Funny, I heard the same thing about the hover flying car and how that was going to overtake the way we drive too, where's my flying car, I don't see any flying cars.


Oh look what is just in to Reuters just 20 minutes ago.



(Reuters) - Two men who operate bitcoin exchange businesses have been charged with money laundering for helping drug merchants exchange $1 million in cash for bitcoins, the digital currency, U.S. prosecutors said on Monday.

Federal prosecutors in New York announced charges against Charlie Shrem and Robert Faiella, both operators of bitcoin exchange businesses, for attempting to sell $1 million in the digital currency to users of the underground black market website Silk Road, which was shut down by authorities in September.

According to the charging document, Shrem, 24, chief executive officer of the exchange BitInstant.com, changed cash into bitcoins for Faiella, 52, who ran an underground bitcoin exchange through the username BTCKing on Silk Road's website. The criminal complaint says that Shrem, in addition to knowing that Faiella's business was funneling money into Silk Road, also used Silk Road himself to buy drugs.

The U.S. Attorney's office in Manhattan said in a statement that authorities arrested Shrem on Sunday at New York's John F. Kennedy International Airport. Faiella was arrested on Monday at his home in Cape Coral, Florida.

The tech investors Cameron and Tyler Winklevoss invested $1.5 million in BitInstant last year. A spokeswoman for their firm, Winklevoss Capital, did not immediately respond to a request for comment.

The case against Shrem is likely to deal a blow to the burgeoning community of bitcoin businesses because Shrem is a high-profile advocate for the technology. In addition to running BitInstant, he is vice president of the main bitcoin-focused trade group, the Bitcoin Foundation, according to the foundation's website and Shrem's LinkedIn profile.

A spokeswoman for the foundation declined to immediately comment on Shrem's arrest.

Shrem and Faiella were charged with conspiring to commit money laundering and operating an unlicensed money transmitting business. A spokeswoman for Preet Bharara, the U.S. attorney for Manhattan, said there was no information about legal representation available for either of the two men, who are expected to appear in court in New York and Florida. respectively.

Shrem has a home address in the Brooklyn borough of New York.

According to the charges, Faiella, going by "BTCKing" online, sold bitcoins to Silk Road users and passed on purchase orders he received from the site to Shrem, who filled them, transferring funds to Faiella's account at another bitcoin exchange service based in Japan.

The Japan-based exchange business is not named. One of the largest bitcoin exchanges in the world, MtGox, is based in Japan.
The charging document says that Shrem, who also ran BitInstant's compliance program for a little under two years, failed to report suspicious activity to regulators "with respect to numerous Bitcoin purchases" Faiella made from BitInstant.

Shrem's lawyer, Keith Miller at Perkins Coie in New York, was not immediately available for comment

[stevenash]

your an idiot. What I see is much different than what you can see. You just need the right address….would be the same for this website or all that kiddie porn you watch.

Its not hard to log onto silk road or sell shit on silk road.

Shit for all you know Im handing you over counterfeits when I pay your ass after losing bets. Its not hard. you can get anything you want if you know how to find it. and with a plate of code longer than your fking bankroll I would think I could find it.

Say buh bye to Silk Road

http://blogs.wsj.com/digits/2014/01/27/silk-road-site-linked-to-bitcoin-bust/

[OMGRandyJackson]

That's funny, walked into the CVS for a pack of smokes, "clerk says that'll be $5.85", I said "here's my smart phone, let me upload that for you in bitcoins", clerk says, "listen pal, US greenbacks or I'm calling security"

So, what has worth, and what is worthless.
Bitcoins are worthless is the correct answer.

I already know the followup statement.
"just wait, they are going to replace the US Dollar, any day now"

There is no logic to this. Just because one person finds BTC useless does not mean another will. Each day more and more businesses are beginning to accept it as a form of payment, creating value. For example the Sacramento Kings will begin accepting it in March to purchase merchandise from the team store, and tickets to games shortly after.

I am an owner of BTC and LTC and believe that it will stick around. In the beginning I held it as an investment and made some money off of it. Currently I think the risk is too great to hold it as an investment (For BTC at least, I hold some LTC as an investment still), while most people still are buying BTC in hopes of it skyrocketting and then selling. I think it will eventually stabilize and become a way to do online shopping while avoiding ************ and fees associated with them.

I do NOT think it is the future of currency and will end fiat currency as a lot of BTC backers do.


Bitinstant being busted does not signal anything wrong with BTC or that it will fail any day. It is just continued fall out from Silk Road. Remember BTC shot up to its peak and fell to where its been at lately AFTER silk road was busted.

[SamDiamond]

Fukin-A I am bumping this.

Where's Paula now? How's that shit taste?

Third fuking Bitcoin crash.

http://www.zerohedge.com/news/2014-02-10/bitcoin-flash-crashes-drops-80-seconds

Now that Bitcoin exchange Mt.Gox has terminally discredited itself following the latest, and likely last, withdrawalhalt announced late last week which sent the value of Bitcoin tumbling by 25%, Bitcoin traders are left with just two exchange options on which to transact: BTC-e and Bitstamp. And for those using the former to buy and sell the virtual digital currency, things went from bad to worse a few short hours ago, when Bitcoin had its very own "Waddell and Reed" moment, when the price of Bitcoin cratered by over 80% in the span of seconds, after a modest block of just under 6000 Bitcoins sent the price plunging from over $600 to $102.

[ACoochy]

Still $650 in seeing across the board....

You sure you know what ur talking about here Sammy? ?

Can't believe you'd come back here for more burials thinking these latest longterm positive developments will have a overall negative impact...

Best thing that could happen to btc is getting of that poxxy inefficient exchange. ..

Sammy don't ever change ok pal...your good value here. Poor guy wants to see this fail SO badly

[ACoochy]

So wish I was around for that $102 moment.

Oh well can't win em all...

[SamDiamond]

Still $650 in seeing across the board....

You sure you know what ur talking about here Sammy? ?

Can't believe you'd come back here for more burials thinking these latest longterm positive developments will have a overall negative impact...

Best thing that could happen to btc is getting of that poxxy inefficient exchange. ..

Sammy don't ever change ok pal...your good value here. Poor guy wants to see this fail SO badly

Cooch. It's over.

And you know it.

The only reason it is at 650 is because of everyone who bought in at 600+. They holding on out of desperation.

Some people are going to get absolutely crushed.

[gauchojake]

http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/

[bigboydan]

Cooch. It's over.

And you know it.

The only reason it is at 650 is because of everyone who bought in at 600+. They holding on out of desperation.

Some people are going to get absolutely crushed.

What do you feel it could go as low as sir?

[ACoochy]

Cooch. It's over.

And you know it.

The only reason it is at 650 is because of everyone who bought in at 600+. They holding on out of desperation.

Some people are going to get absolutely crushed.

Dont see it happening.

Glad these minor issues are making their presence felt now.

Just means another small glitch in the system that when fixed will make bit coin even more resilient than its current reputation holds.

In short this changes nothing longterm and if anything I'd buy more, not sell...

[muldoon]

I *WISH* it would go back down to $100

[muldoon]

I enjoy most of SamDiamond's posts...but to open this thread in July...then basically hide from the thread until an incident like this occurs, is pretty weak.

[brooks85]

I *WISH* it would go back down to $100

I'll do you one better, I'll sell you a big pile of dog shit for $9. Then I'll tell everyone dogshit is going to circumvent those big evil banks and it's price will rise. I can get you as much as you want, just let me know.

[muldoon]

I'll do you one better, I'll sell you a big pile of dog shit for $9. Then I'll tell everyone dogshit is going to circumvent those big evil banks and it's price will rise. I can get you as much as you want, just let me know.

In the last 8 months. I've bought bitcoin, sold it at twice the price for gold (locally), giftcards (through gyft), purchased a TV from tigerdirect. Not to mention bet on sports, played some poker, and made a few donations.

Show me how the dog shit you spent the time collecting can actually circumvent the banks, be transferred virtually free of fees to others, and be accepted online at major retailers.

So no, your offer to sell dog shit isn't "one better". But thanks.

[brooks85]

In the last 8 months. I've bought bitcoin, sold it at twice the price for gold (locally), giftcards (through gyft), purchased a TV from tigerdirect. Not to mention bet on sports, played some poker, and made a few donations.

Show me how the dog shit you spent the time collecting can actually circumvent the banks, be transferred virtually free of fees to others, and be accepted online at major retailers.

So no, your offer to sell dog shit isn't "one better". But thanks.

lol, where to begin.

Let's take this route, you bought and sold it huh?

Yeah, it's cool the things you can do with real currencies since no one intelligent ever took payment for bitcoin and DID NOT turn it into a real currency after.

[SamDiamond]

I enjoy most of SamDiamond's posts...but to open this thread in July...then basically hide from the thread until an incident like this occurs, is pretty weak.

Muld-- no hiding.

But I can understand why you think it was weak.

Truth is-- I feel that the bubble is going to coming crashing down hard. I stand by that.

I will make a deal with you.

I won't hide again. If the Gox recovers from this and the price hits 1000, I will return here so you can pelt me with e-cans the rest of my posting days at SBR.

[SamDiamond]

I *WISH* it would go back down to $100

It did earlier today.

Check out the price ranges

btc-e had it 102.5 USD this morning.

http://bitcoincharts.com/markets/

[muldoon]

I won't hide again. If the Gox recovers from this and the price hits 1000, I will return here so you can pelt me with e-cans the rest of my posting days at SBR.

LOL. That won't happen (from me anyway). Maybe a bump in here, but that's about it.

I think a true crash will come, if/when you see someone like bitpay fail (they process payments for big ticket places like privatfly which books private jets and accepts bitcoin). Then a few major vendors leaving would trigger a lot WSJ articles and panic selling.

[ACoochy]

lol, where to begin.

Let's take this route, you bought and sold it huh?

Yeah, it's cool the things you can do with real currencies since no one intelligent ever took payment for bitcoin and DID NOT turn it into a real currency after.

Well unlike your version of 'real money' bitcoin unfortunately doesnt have a 15+ trillion debt attached to it either...

So which currency would you prefer again??

15 trillion Yeah, works REAL good...

[Git Lo]

Shitcoins

[stevenash]

http://www.coindesk.com/massive-conc...oin-exchanges/

I outlined this 2 months ago, and these DDOS are not going to go away.

[Smoke]

Sam Diamond the stupid dumb fukk

[bigboydan]

Sam Diamond the stupid dumb fukk

You can call it what you wish but the man happens to be right this time sir ! :

[retard]

[SamDiamond]

Sam Diamond the stupid dumb fukk

Smoke, isn't it time you go rob one of your relatives again for a 50 dollar deposit?

[SamDiamond]

Gox now trading Bitcoin at 300.

300.