Don Harrold sums it up perfectly. Buyer beware.
[youtube:http://www.youtube.com/watch?v=UPO0FhstA-8 603 500]Last time I checked, Bitcoins were trading at $133.
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Joined Nov 10, 2007
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I think I saw this first introduced on Fantasy Island. Too bad there’s not a way to make bitcoin on the downside.
I wish there was a way to short it.
How about an IBitCoin.com rebranding?
Here are two Bitcoin exchanges where you can short the stuff:
https://icbit.se/
https://www.bitfinex.com/
Pretty cool. Also, here’s an exchange that lists puts and calls on bitcoins:
http://mpex.co/
From the link above, here’s a contract for a $125 bitcoin call (I assume)
http://mpex.co/?mpsic=O.USD.C125T
This exchange costs 30BTC just to be able to trade (in order to keep out trolls, I assume).
The FAQ is interesting (from a tech perspective):
http://mpex.co/faq.html
@ultra: That FAQ’s fucking hilarious, though I’m not sure I’m smart enough to open an account there.
@pedro LOL you are right! I just posted it to be helpful, but now reading it more carefully, it’s a riot!
How do you short something where ownership and possession are elaborately determined? I would be as wary of shorting these things as buying them
You’re all just pissed you have no bitcoins. College cryptography class, seemed like filler bullshit at the time, but after 2 years of mining them it’s obviously paid for itself.
Hahahahaha
Don’t be silly. I don’t get mad or jealous for not partaking in every investment opportunity.
I am here now, however, to see you lower.
Not possible, 90% has been sold, at a c-note each, hopefully to the eunuch junkies looking to buy narcotics off of silk road. Looking for the next one to pop, notable mentions: NovaCoin PPCoin TerraCoin BBQCoin
Not you, narcissist. I am here to see the destruction of the bit coin.
Isn’t this the bald cracker that used to spittle rant at Cramer before the meltdown?
Word to the wise, baldin’ cracker:
“EDITOR.”
____________
Yes
Dr. Fly, what is Kong’s take on this digital challenge brought by bitcoins to the world’s boring, fiat currencies?
Certainly Master Kong must have a unique perspective to share, being this is in his field of expertise.
1st we had Pokeman card
Next we had Beanie Baby
Now we have Bitcoin
Bitcoin anyone?
Bingo.
Btw, if bitcoin is meant to be a “utility” replacing money for the purpose of barter exchange, that value increase you see in the price chart is theoretically “exchange rate” of the bitcoin.
Who can stomach that kind of exchange rate on a weekly basis?
Ding ding ding
bitcoin and bullshit are one and the same.
instead of people referencing bullshit they will say bitcoin in 2013.
I find it ridiculous that Max Keiser is in England, basterdising his motherland for shit that is childish.
I agree
Bitcoin is a digital hedge against Cyprus like hatchets to your bank accounts and gold bars.
Bitcoin is a crypto currency protected by a peer to peer distributed database that is immune to counterparty risk. Is it foolproof? No, but governments and banks can’t steal bitcoins and therefore it has a strong appeal.
Will it see $500 or $50 first? Anyone’s guess. This incredible run is unhealthy and will blow off. Will it crash permanently? I don’t think so.
I got 1% of my portfolio in last year on a lark and now that’s grown to 10%. Incredible run and I plan to let it ride.
Find any of that useful? Tip me here: 1MqSssxYD48QvkMcKRwE2qoRr2Gw6a2p6F
That’s how cool bitcoin is…you can process a micro payment for nothing and no one can stop it or trace it.
Want to look at how to track a bitcoin portfolio? https://bitcointalk.org/index.php?topic=23422.0
This guy is fundamentally ignorant about bitcoins. You don’t have to trade one coin at a time, you can cut it up into ridiculously small amount. This guy is wrong, sorry.
Are you serious!? ARE YOU SERIOUS!?
That’s like saying that if I pay $400 for half a share of GOOG, I’m not paying $800 for a full share.
I’ve heard this argument out of bitcoin supporters, “But they’re divisible!” SO IS GOLD. But It’s still $1550/oz whether you buy half an ounce, or a tenth of an ounce.
Yes, because gold is hard to divide. And no I’m not denying the price of one coin.
From my point of view, you could make the same argument about a $100 bill. “OMG NOBODY’S GOING TO TRADE IN $100 BILLS” That’s why we have ones.
Nobody’s going to buy one bitcoin. They’ll buy .5 BTC or .1 BTC.
What an awesome chart, is it too late to get in? My kid starts college next year and I’m looking for that last cherry on the cheese cake for his UGMA account.
If you were my father, I would have you hung.
To paraphrase Winston Churchill….
If I were your father I’d hang myself.
You would think he’d go through the effort of understanding the currency first. This isn’t like anything these people have seen before. MORONS!
Not to mention that Duhhhrrr people actually use bitcoin to buy goods and services already. If not servers and food(which you can do), then drugs. This currency will always have value. I’m not even heavily invested in bitcoins, he’s just _that_ wrong.
gotta love how much negative sentiment there is against bitcoin, just like everyone hated apple when it was $17/ share
Go on the silk road people talk bitcoin pretty seriously. Crack jokes all you want people willingly accept bitcoins because its an untraceable transaction that cannot be stopped. There is a finite supply. Ultimately they will be unable to create more supply.
Bottom line people pay people to kill people in bitcoins on the silk road.