Bitcoins just peaked $236 per BTC

[Dr_Zegobob]

what the forget are bitcoins and why do people care about them so much?

Bitcoins are a virtual currency and people care about them so much because you can make money with them.

[Ad Bot]

[YayFun]

I was going to invest some money into an ASIC miner, but when I contacted the manufacturer about getting one I was told I would not have it until the end of August. I decided not to buy one since the value will be down by then. Maybe another time.

[Deoxys And One Noob]

I was going to invest some money into an ASIC miner, but when I contacted the manufacturer about getting one I was told I would not have it until the end of August. I decided not to buy one since the value will be down by then. Maybe another time.

I would do bitcoin mining, but I do not want to buy hardware.

[sorrel]

$191.00
Oh my

Where does the company that converts bitcoins to currency get their money?

[Soukuw]

$191.00
Oh my

Where does the company that converts bitcoins to currency get their money?

...Taxes?

[Rusty]

$191.00
Oh my

Where does the company that converts bitcoins to currency get their money?

They'll exchange at different rates, if they buy it from you they'll do it at a different rate to if they sell them again, therefore, money is made.

[Zeblote]

If I invested $5000 I could now buy a house.

D:

[Yola²]

Sold off my last coins because I sense a fall coming soon.

In total, I made ~$8,000 and spent ~$200
$7,800 profit made from a year of waiting to see if the price would rocket, definitely worth it

[Blockzillahead]

So basically it's like the stock market? Pay for bitcoins(shares) and then wait for them to increase in price then you sell them?

[Yola²]

So basically it's like the stock market? Pay for bitcoins(shares) and then wait for them to increase in price then you sell them?

It's an extremely simplified version of the stock market, sure.

It's more related to foreign currency investing, which what it actually is.

[Ipquarx]

Sold off my last coins because I sense a fall coming soon.

In total, I made ~$8,000 and spent ~$200
$7,800 profit made from a year of waiting to see if the price would rocket, definitely worth it

Wow, lucky. Next time the value dips I'm buying some!

[Yola²]

Wow, lucky. Next time the value dips I'm buying some!

Don't, I'm willing to put $100 on the fact that BTC value drops significantly in the next few months if not forever.

[Perlin Noise]

currently $189.90

[Titanium Man]

189.99
god damn break the 190 barrier

[Perlin Noise]

Went down ninety cents!!!