Topic: The price of Bitcoins has been tripilling recently. A couple weeks ago $0.40/1BTC now $1.40/1BTC.
Bitcoins !5qPJGR/JRI started this discussion 15 years ago #4,833
http://www.mtgox.com/
Look at the price today, and then again in a day or two. It's rising sharply.
In the last 48 hours alone the price of a single Bitcoin rose $0.30.
Look at the price today, and then again in a day or two. It's rising sharply.
In the last 48 hours alone the price of a single Bitcoin rose $0.30.
(Edited 1 minute later.)
BrieTcoins !OudrPWaUDQ joined in and replied with this 15 years ago, 2 minutes later[^] [v] #85,485
Stop rubbing it in!
I sold my bitcoins when they were worth ~1.5 cents each.
And now it takes about 1 year to generate 50BC on average hardware.
D:
I sold my bitcoins when they were worth ~1.5 cents each.
And now it takes about 1 year to generate 50BC on average hardware.
D:
(Edited 50 seconds later.)
Bitcoins !5qPJGR/JRI (OP) replied with this 15 years ago, 2 minutes later, 4 minutes after the original post[^] [v] #85,486
@previous (BrieTcoins !OudrPWaUDQ)
It's a bubble, the price is going to plummet eventually. They got a bit of attention recently because of a Google employee, a new video (and site), and front page Reddit material.
People will start to sell of their coins.
> And now it takes about 1 year to generate 50BC on average hardware.
Nope, you'd be lucky to generate any at all. Fewer are being generated as it reaches the max that will ever be created, and those few coins are being given to the people with very fast machines and servers who can process it faster than anyone else.
It's a bubble, the price is going to plummet eventually. They got a bit of attention recently because of a Google employee, a new video (and site), and front page Reddit material.
People will start to sell of their coins.
> And now it takes about 1 year to generate 50BC on average hardware.
Nope, you'd be lucky to generate any at all. Fewer are being generated as it reaches the max that will ever be created, and those few coins are being given to the people with very fast machines and servers who can process it faster than anyone else.
(Edited 1 minute later.)
BrieTcoins !OudrPWaUDQ replied with this 15 years ago, 3 minutes later, 8 minutes after the original post[^] [v] #85,489
@previous (Bitcoins !5qPJGR/JRI)
Of course it's a bubble, but now bitcoins are in the public eye.
They are becoming a legitimate form of currency that people are using.
I don't think the BC market will crash as hard as you are thinking. I think it will slowly level out and stabilize as people start making trades for products and services. At the moment, it's still being used experimentally and not so much like real money.
Of course it's a bubble, but now bitcoins are in the public eye.
They are becoming a legitimate form of currency that people are using.
I don't think the BC market will crash as hard as you are thinking. I think it will slowly level out and stabilize as people start making trades for products and services. At the moment, it's still being used experimentally and not so much like real money.
Anonymous A (OP) replied with this 15 years ago, 3 minutes later, 11 minutes after the original post[^] [v] #85,494
@previous (BrieTcoins !OudrPWaUDQ)
It definitely has become more legitimate, and will be used more, but I expect that some people out there will start to sell off large amounts of Bitcoins and the price will drop temporarily.
It definitely has become more legitimate, and will be used more, but I expect that some people out there will start to sell off large amounts of Bitcoins and the price will drop temporarily.
BrieTcoins !OudrPWaUDQ replied with this 15 years ago, 30 seconds later, 11 minutes after the original post[^] [v] #85,496
@85,486 (Bitcoins !5qPJGR/JRI)
> Nope, you'd be lucky to generate any at all. Fewer are being generated as it reaches the max that will ever be created, and those few coins are being given to the people with very fast machines and servers who can process it faster than anyone else.
This is why it sucks that I sold off over 2700 bitcoins for chump change.
I am trying my luck atm, to grab some bitcoins while it's still even remotely possible.
I need to invest in a cluster of PS3s or something, lol.
> Nope, you'd be lucky to generate any at all. Fewer are being generated as it reaches the max that will ever be created, and those few coins are being given to the people with very fast machines and servers who can process it faster than anyone else.
This is why it sucks that I sold off over 2700 bitcoins for chump change.
I am trying my luck atm, to grab some bitcoins while it's still even remotely possible.
I need to invest in a cluster of PS3s or something, lol.
Anonymous A (OP) replied with this 15 years ago, 2 minutes later, 14 minutes after the original post[^] [v] #85,498
@previous (BrieTcoins !OudrPWaUDQ)
Sucks D:
You can offer a transaction fee to have your transaction processed before everyone else, a small 0.01 amount is usually used. Perhaps many of these will start to be the new way to generate coins.
Who knows? right now the market is so unstable it's easy to profit. Just be careful considering it jumped up so high.
Sucks D:
You can offer a transaction fee to have your transaction processed before everyone else, a small 0.01 amount is usually used. Perhaps many of these will start to be the new way to generate coins.
Who knows? right now the market is so unstable it's easy to profit. Just be careful considering it jumped up so high.
(Edited 24 seconds later.)
grey !C.MxxuCiTo joined in and replied with this 15 years ago, 12 hours later, 13 hours after the original post[^] [v] #85,836
I could never figure out what you are supposed to BUY with bitcoins so I never got in on it.
Anonymous D joined in and replied with this 15 years ago, 39 seconds later, 13 hours after the original post[^] [v] #85,837
SELL SELL SELL
drea mworks joined in and replied with this 15 years ago, 37 seconds later, 13 hours after the original post[^] [v] #85,838
Leo Vegas !gNoGoD5HzQ joined in and replied with this 15 years ago, 1 minute later, 13 hours after the original post[^] [v] #85,842
Kimmo recently started taking bitcoins as a form of donation. The man is a true visionary.
drea mworks replied with this 15 years ago, 2 minutes later, 13 hours after the original post[^] [v] #85,846
Anonymous D replied with this 15 years ago, 1 minute later, 13 hours after the original post[^] [v] #85,847
Leo Vegas !gNoGoD5HzQ replied with this 15 years ago, 17 seconds later, 13 hours after the original post[^] [v] #85,848
Anonymous G joined in and replied with this 15 years ago, 2 seconds later, 13 hours after the original post[^] [v] #85,849
Why is it only showing 8 connections, and why is that number never changing?
(Edited 1 minute later.)
drea mworks replied with this 15 years ago, 34 minutes later, 13 hours after the original post[^] [v] #85,875
@85,847 (D)
like five
@85,848 (Leo Vegas !gNoGoD5HzQ)
he should be ceo of valve, not that damn todd hallenshead
like five
@85,848 (Leo Vegas !gNoGoD5HzQ)
he should be ceo of valve, not that damn todd hallenshead
Leo Vegas !gNoGoD5HzQ replied with this 15 years ago, 1 minute later, 13 hours after the original post[^] [v] #85,879
Anonymous A (OP) replied with this 15 years ago, 1 minute later, 13 hours after the original post[^] [v] #85,881
@85,836 (grey !C.MxxuCiTo)
> I could never figure out what you are supposed to BUY with bitcoins so I never got in on it.
There are a lot of vendors accepting it. In the future when everyone has a smartphone it will probably become the street currency, or accepted by local vendors.
> I could never figure out what you are supposed to BUY with bitcoins so I never got in on it.
There are a lot of vendors accepting it. In the future when everyone has a smartphone it will probably become the street currency, or accepted by local vendors.
drea mworks replied with this 15 years ago, 50 minutes later, 14 hours after the original post[^] [v] #85,931
!Neku082OLc joined in and replied with this 15 years ago, 5 hours later, 20 hours after the original post[^] [v] #86,237
What the fuck are Bitcoins?Anonymous I joined in and replied with this 15 years ago, 1 minute later, 20 hours after the original post[^] [v] #86,240
@previous (!Neku082OLc)
Bitcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network.
Bitcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network.
!Neku082OLc replied with this 15 years ago, 3 minutes later, 20 hours after the original post[^] [v] #86,246
Anonymous I replied with this 15 years ago, 55 minutes later, 21 hours after the original post[^] [v] #86,363
!Neku082OLc replied with this 15 years ago, 28 seconds later, 21 hours after the original post[^] [v] #86,364
Anonymous A (OP) replied with this 15 years ago, 1 hour later, 23 hours after the original post[^] [v] #86,419
@86,237 (!Neku082OLc)
It's a digital currency, and controlled by no one. It holds real value, and you store it on your computer.
It's a digital currency, and controlled by no one. It holds real value, and you store it on your computer.