Bitcoin

[chenGOD]

WATMM bitcoin investment fund?

[Cryptowen]

alright that tears it, i still got 30 large on my paypal. Where's the best spot to buy some coin?

Edited November 15, 2013 by Cryptowen

[fenton]

Is it gonna crash any time soon? I am thinking of chucking a cool 1 G on them for a laugh as I don't have any outgoings for a month or so. Could be profitable.

[fenton]

Obviously this was a stupid question but I still want you to tell me so I can blame Watmm for losing hundreds of pounds if it goes tits up.

[Chris Toffer]

Is it gonna crash any time soon? I am thinking of chucking a cool 1 G on them for a laugh as I don't have any outgoings for a month or so. Could be profitable.

 

Who the fuck knows. Its stupidly volatile. Could crash at any moment but could also keep rising. I'm keen to buy some as well, i kinda like the volatility factor. Its the other things about bitcoin that i'm not keen on, like lack of security and liquidity. Flipping bitcoin would b epic profit if the transactions didnt take so long to process

[fenton]

I dropped £500 on them. In my wallet now, gestating.

[Chris Toffer]

Good luck!!!!

 

Where did u buy em from? msg me if u want

[Lane Visitor]

alright that tears it, i still got 30 large on my paypal. Where's the best spot to buy some coin?

 

 

Good luck!!!!

 

Where did u buy em from? msg me if u want

 

Yeah, im goin in too! I got $50 on it.. where should i drop it, mates?

[Salvatorin]

I'd advise going to bitcoin forums.

there are a lot of scammers out there

[Lane Visitor]

I'd advise going to bitcoin forums.

there are a lot of scammers out there

 

nice thanks for the heads up salva... any forum you recommend/place youd trust in particular?

[fenton]

localbitcoins.com

[Guest Blanket Fort Collapse]

http://reason.com/blog/2013/04/09/meet-the-2-million-bitcoin-pizza?

(Guy buys 2 pizzas for 10k bitcoins, which is now worth 2.3 million)

[Plarkreluke Banloboh]

 

Some say the price increase is caused by china. Baidu is apparently accepting btc for one of their services.

 

yep. i heard something along these lines

 

and in other news. i think i discovered who is satoshi nakamoto. if i'm right, he's pretty visible in the community and wrote another program- this time for tumbling bitcoins. i don't think it's been used (as far as i know), but it was published on pastebin.

 

anyone else searching for satoshi?

 

 

PM him and ask him to code a Bitgov!

[zazen]

http://reason.com/blog/2013/04/09/meet-the-2-million-bitcoin-pizza?

(Guy buys 2 pizzas for 10k bitcoins, which is now worth 2.3 million)

$4.6m in todays price

[Adieu]

Does this seem legit?

 

https://www.btcquick.com/beta/

 

Also what are these things supposedly valued at right now?

Edited November 16, 2013 by AdieuErsatzEnnui

[Lane Visitor]

So where did all you guys purhcase? I've been browsing vaeious bitcoin forums to try and gauge which place is the safest, and it's just like chaos with all of the chatter.. no idea where to start. Localbitcoins?... Coinbase?.. Bitstamp?...

 

Is a digital wallet safe, and do I have to give a lot of personal info? Also, what form of payment is the safest? Surely, I shouldnt trust any of those sites with my credit card/bank account numbers, right?

[fenton]

I've taken my BTC out of localbitcoins.com wallet and into an Electrum wallet which is encrypted by a complicated password but running on my online Macbook currently.

 

I'm going to set up an offline wallet on a spare SD card Debian install on my Pi which will never see the internet. Then send the BTC to the offline wallet's address.

 

When I want to cash out I'll put the SD card into the Pi, boot it, connect it to the internets and send them to an exchange.

 

 

Mostly this is a fun way to keep myself from spending £500 I want to save, with hopeful profits/not much lossage.

[fenton]

FYI localbitcoins.com was so simple it hurt. Registration and paying took about 60 seconds. I went with a seller with lots of feedback, he wired me the BTC within a minute.

I probably took a big hit for the convenience but it wasn't that much less than the big exchanges and they were ultimate hassle last time I tried.

[Adieu]

Thanks for your input fenton. it has been quite illuminating.

[Lane Visitor]

Nice! Wow, that sounds pretty in depth.. So what form of payment did you use to purchase your btc from LocalBitCoins.com? Im mostly concerned with preventing bank account theft etc...

[kokoon]

bonkers

[KovalainenFanBoy]

Some guy on reddit gave me 2.60$ on bitcoins

 

Do I spend it on a Humble Bundle, or do I save it and become a gorillionaire

Edited November 17, 2013 by ThatSpanishGuy

[Chris Toffer]

Okay what the fuck. Its at 600 USD and i still haven't bought any. Fuck this i'ma just watch it. Well done Fenton your investment's paying off so far!!

[blackdust]

Question;

 

If you buy from a trusted seller. When you come to sell them on, you have never sold before so how do you move these things?

[fenton]

Yeh, I'm '£200 up'. In a matter of days. !!!

 

This is in inverted commas because I don't actually have the £200 until I cash out, which could be more hassle than cashing in was.

 

Not gonna cash out until I am a gazillionaire though.