Bitcoin

[stuntman021]

What's 3 even in responce to?

Anyway, I'm not arguming it's viability as a serious currency.
I'm arguing it as a side hobby and low commitment investment.

have fun losing money when they go down to 1 i guess!
3 was in response to

3. It's kinda hard for the whole market to instanly crash, as it's a peer-to-peer regulated service.

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[DrenDran]

have fun losing money when they go down to 1 i guess!
3 was in response to

I can't completly tell if 3 is scarcastic since I seem to have made a valid point you didn't actually refute.
And besides, what makes you so sure they're going to go down to one dollar soon?
And if they ever did, what makes you think that'd it be long term?

[Kira100000]

GOD DAMN STOP BITCHING

uhm i like bitcoins
i mean if you have no way to make money at the moment
and you have a decent enough computer
it's actually worth while

[stuntman021]

I can't completly tell if 3 is scarcastic since I seem to have made a valid point you didn't actually refute.
And besides, what makes you so sure they're going to go down to one dollar soon?
And if they ever did, what makes you think that'd it be long term?

let me explain that image to you

the numbers on the left represent the amount of usd per bitcoin. the circles represent bitcoins converted to usd. the bigger the circle, the more sold. the center of the circle is the average price, and you can guess what the top price and bottom price are represented by. the bottom represents time, in increments of 4 hours. if you look at the bottom, you can see that this is over a 48 hour period.

they are going to eventually crash. they've done it twice (thrice) before and history repeats itself. hell, the crash in the image i posted caused a 5 dollar drop in price even after they recovered.

[Bisjac]

im a gold bullion guy. i mostly buy, sometimes resell. its a "currency" or investment that actually works.


interesting news though. gold is now worth more then platinum. a good time to plat buy.

[DrenDran]

let me explain that image to you

the numbers on the left represent the amount of usd per bitcoin. the circles represent bitcoins converted to usd. the bigger the circle, the more sold. the center of the circle is the average price, and you can guess what the top price and bottom price are represented by. the bottom represents time, in increments of 4 hours. if you look at the bottom, you can see that this is over a 48 hour period.

they are going to eventually crash. they've done it twice (thrice) before and history repeats itself. hell, the crash in the image i posted caused a 5 dollar drop in price even after they recovered.

Wow, I must say, that is surprising; didn't read the graph the first time.
Still, it doesn't hurt to have them.

im a gold bullion guy. i mostly buy, sometimes resell. its a "currency" or investment that actually works.


interesting news though. gold is now worth more then platinum. a good time to plat buy.

I actually have traded in gold and silver.
ATM I believe I own two ounces of gold, and I used to have more.
I bought it a long time ago, when it was like 700$ a troy ounce, so I believe I effectivly made 2400$.
There's probably more that I haven't found yet too.

[stuntman021]

Wow, I must say, that is surprising; didn't read the graph the first time.
Still, it doesn't hurt to have them.I actually have traded in gold and silver.
ATM I believe I own two ounces of gold, and I used to have more.
I bought it a long time ago, when it was like 700$ a troy ounce, so I believe I effectivly made 2400$.
There's probably more that I haven't found yet too.

you lose money on them if you have them, so

[DrenDran]

you lose money on them if you have them, so

The forget?
Technically, I guess.
But it's money you got for free though donations, or though a tiny increase to an electrical bill by mining.

[stuntman021]

The forget?
Technically, I guess.
But it's money you got for free though donations, or though a tiny increase to an electrical bill by mining.

do you pay the bills in your house?

[DrenDran]

do you pay the bills in your house?

Obviously I don't lol.
But my computer is often running at max GPU anyway.
It's not a signifigant increase in electricity anyway.
I looked up a chart of costs, and assuming it's correct, my GPU only uses a max of ten cents a day, part of that, I'd be using anyway.
So if we assume, maybe 60% of that is bitcoin caused, we have six cents a day.
Run for a month, and that's 1.80$ max.
My GPU, back when bitcoins were 30$, could make, well, about 30$ a month, or one bit coin.
The price of a bitcoin would need to drop below 1.80$ before it's "wasted money".

[stuntman021]

Obviously I don't lol.
But my computer is often running at max GPU anyway.
It's not a signifigant increase in electricity anyway.
I looked up a chart of costs, and assuming it's correct, my GPU only uses a max of ten cents a day, part of that, I'd be using anyway.

how many bitcoins do you earn per day?

[DrenDran]

how many bitcoins do you earn per day?

haha
per day
lol
I get like 1 a month.

The price of a bitcoin would need to drop below 1.80$ before it's "wasted money".

(and even so, I wasted, what? a few dollars? I eat more money's worth than that each day)

[stuntman021]

haha
per day
lol
I get like 1 a month.

1 bitcoin is like 7 bucks (not exact)
so 7 divided by 30 is 0.233333... in cents
15 cents a day profit = $4.50 a month
wow, you're really rolling in the dough
and now you're putting about twice as much wear on your gpu by leaving it running all night
how long until you need to replace it/upgrade?

[fred da kiko]

Bitcoins aren't backed by anything. Most currency is backed by gold. Since bitcoins aren't backed by anything they are basically as worthless as runescape Gp.

[Bisjac]

http://www.monarchpreciousmetals.com/index.php?page=shop.product_details&flypage=flypage.tpl&product_id=38&category_id=24&option=com_virtuemart&Itemid=53&vmcchk=1&Itemid=53

my fav site :D

ive gotten one of these every week since they started making this size.