Bitcoins - about to hit $5,000 per coin today!

[Disgusted]

doesn't bitcoin depend on the internet and computers to transfer and use?  Do you really think that if a nuclear war hits and EMPs are used that you'll still have your phone or PC to transfer and use them?  All digital currency will be useless.  Those bitcoins will only be useful for other people that use bitcoins.

Bitcoins will be the last thing people will worry about if an EPM hits. Nothing will work. Food and water will be the first thing people will need and then shelter. Of course most Getbiggers will have an underground mansion stocked with everything needed plus an assortment of random whores to keep them busy.

[Shizzo]

Water, food, and bullets. That appears to be the currency of the future.

[sync pulse]

Precious metals are a long term play, NOT a get rich quick plan/scam.  When silver eventually passes $50, then $100, then $200, then $500, people here are going to be shocked.  Those who do not have any will be kicking themselves.  

The people who make money from precious metals make it from "leveraged commodity futures trading"...not physical possesion of the commodity...

[Mr Anabolic]

The people who make money from precious metals make it from "leveraged commodity futures trading"...not physical possesion of the commodity...

I used to trade myself and I was pretty decent at it.  I made more money than I lost, which is the whole key to successful trading.  Leverage is great when you're on the correct side of the trade, but when you not... yikes.  I know people who got totally wiped out during the day-trading mania of the late 90's.

Regarding physical vs paper gold, the only thing I have to say is... if you don't have it, you don't own it.

[SOMEPARTS]

Bump for the $600 drop on one China story.

[Disgusted]

Down to $3,425.00 down $1,277.81 since last week.

[Simple Simon]

Down to $3,425.00 down $1,277.81 since last week.

Getbiggers influence the value of bitcoins.....

[Disgusted]

Getbiggers influence the value of bitcoins.....

I know I'm not the only one to say this but a few years ago I tried to buy a couple thousand bitcoins but couldn't  figure out how to do it. 

[HTexan]

North Korea is buying a shitload.

[Dave D]

I know I'm not the only one to say this but a few years ago I tried to buy a couple thousand bitcoins but couldn't  figure out how to do it. 

Lol

X2

I tried to pay for my groceries and apparently whole foods doesn't accept bitcoins.

[Nails]

I remember Goodrum saying he had 20 computers in his house running 24 hours a day mining for bitcoins

[El Diablo Blanco]

Don't people realize that the exchanges that allow you to buy and sell bitcoin are operated by the shadiest fucks in the world?  Do you honestly think they'll cash you out at millions if you had it?  Do you even think they have millions to give you if you wanted to cash out?

[Mr Anabolic]

Don't people realize that the exchanges that allow you to buy and sell bitcoin are operated by the shadiest fucks in the world?  Do you honestly think they'll cash you out at millions if you had it?  Do you even think they have millions to give you if you wanted to cash out?

It's a Ponzi scheme, a tulip bulb and a Beanie Baby all in one package.  The two most powerful emotions are greed and fear.  The greed phase is winding down.  Very soon, many bitcoin devotees are going experience fear first hand... they'll all want out at the same time... like a fire in a movie theater.  Most will perish (i.e. lose a majority of their money).  The last ones in on the Ponzi scheme always lose the most.

[Nails]

Johnny come lately buys high, prices fall, loses hundreds or thousands sells sells sells someone just made a nice profit to score some more illegal shit off the deep web.

[jr]

Don't people realize that the exchanges that allow you to buy and sell bitcoin are operated by the shadiest fucks in the world?  Do you honestly think they'll cash you out at millions if you had it?  Do you even think they have millions to give you if you wanted to cash out?

Why would the exchange need millions of their own money? They just move money from the buyers account into the sellers account and take a small commission. That's why they are called "exchanges".

People have been cashing out millions for years now. If they couldn't it would be all over the news.

[HTexan]

I know I'm not the only one to say this but a few years ago I tried to buy a couple thousand bitcoins but couldn't  figure out how to do it. 

Very very easy to buy, harder to find places to spend.
1.) Google bitcoin ATM in your area. Be careful though, some are in shady parts of town. Where people buy that don't want to be on camera.
2.) I recommend downloading coinbase on your phone and buying that way. Easy and you can monitor pricing. 
But don't keep on there, if you are going to buy any real amount, invest in a hardware wallet. I like keepkey but there are many on the market.

[foreleft]

what is BCH? Calvin Ayre keeps talking about bch exploding and bitcoin going extinct

[gib]

what is BCH? Calvin Ayre keeps talking about bch exploding and bitcoin going extinct

Bch is an offshoot or Bit Coin. Called bit coin cash. I would suggest buying bit coin only.

[SOMEPARTS]

Bch is an offshoot or Bit Coin. Called bit coin cash. I would suggest buying bit coin only.

See, one of the great things about Bitcoin is they'll never make more of it....until they do.

[El Diablo Blanco]

Why would the exchange need millions of their own money? They just move money from the buyers account into the sellers account and take a small commission. That's why they are called "exchanges".

People have been cashing out millions for years now. If they couldn't it would be all over the news.

They were on the news like Mt Gox that fucked over a lot of people.  These exchanges are built on quicksand.  No guarantee that they won't fold shop and leave.  They're unregulated as well.

[jr]

They were on the news like Mt Gox that fucked over a lot of people.  These exchanges are built on quicksand.  No guarantee that they won't fold shop and leave.  They're unregulated as well.

Mt Gox got hacked. That's only a problem if a person leaves their coins or cash at the exchange for longer than necessary. You only really need to leave cash or coins at the exchange for minutes to make a transaction and money transfers.

Yes, there are unregulated exchanges but the big ones such as GDAX/Coinbase in the USA are regulated and insured.

https://www.coinbase.com/legal/licenses

[HTexan]

Bch is an offshoot or Bit Coin. Called bit coin cash. I would suggest buying bit coin only.

idk, ether is a good investment right now if you're into mining. But yes only buy bitcoin.

[manuelsonn]

You know is a tarp when phil hernon is in it (wtf is he, a bodyguard for mining pc s??)http://www.youtube.com/watch?v=BD7mwx5lrJk

[Powerlift66]

[Nails]

Looks like a factory running up fake credit card scams