Thread: RIP Bitcoin

October 24, 2016

Bitcoin Price ‏@Bitcoin10min 31m31 minutes ago View translation

$655.01 | €597.66 | ¥4480.46 | £541.92

1h -0.01% | 1d -0.34% | 7d +1.78% | 1m +7.5

who still believe in that crapcoin anyway ?

Originally Posted by baldrick

I have a 1 year with https://www.genesis-mining.com for ETH and I just spent 30USD on a year contract for ZEC which will start on its genesis block this friday 3% discount code upe6Ix

you are really a sucker for it, no wonder you are still a plumber

Originally Posted by Dragonfly

you are really a sucker for it

butters you have never backed up any of your statements - same as your idol drumpf

you have no knowledge of what you are speaking - again - yet you expect people to listen to you

I have minimal knowledge , but fully intend to learn - I did list some books on the blockchain in the books I have been reading thread

what was the last book that you read butters ?

or have you found that you have managed to baffle people with bullsh1t and thus have no real need to know anything before spouting forth in your bombastic style

Well, Kim Dotcom says you should buy it will go to the Moon or 2000 Euro... The 600 mark is passed...

Bitcoin Price ‏@Bitcoin10min 14m14 minutes ago View translation

$654.34 | €600.06 | ¥4478.61 | £541.32

1h -0.18% | 1d -0.63% | 7d +1.66% | 1m +7.1%

Originally Posted by Dragonfly

who still believe in that crapcoin anyway ?

Originally Posted by Dragonfly

you are really a sucker for it, no wonder you are still a plumber

More helpful contributions from buTTers. What a star.

October 28, moving up, looks like some believe in it...

Bitcoin Price ‏@Bitcoin10min 4m4 minutes ago View translation

$688.06 | €628.88 | ¥4695.7 | £571.95

1h +0.29% | 1d +1.4% | 7d +8.38% | 1m +12.51%


Reach 2k Euro is goal says KDCom, future will tell, sadly not in plus nor minus on me wallet...Must say that if i had 2K Euro or more for placement now, i would buy that cryptobitcoins some...

Originally Posted by baldrick

butters you have never backed up any of your statements - same as your idol drumpf you have no knowledge of what you are speaking - again - yet you expect people to listen to you I have minimal knowledge , but fully intend to learn - I did list some books on the blockchain in the books I have been reading thread

let me explain a few things on bitcoin, you simpleton dimwit

- it was created by a fraud, some Australian guy posing as some Japanese to hide his identity for his white paper
- the idea that the value of bitcoin increases as it used more is beyond stupidity in economic principles. In economic terms, it's called inflation, not appreciation. Yet in bitcoin terms it's called appreciation of value
- the decentralization of the mint as some kind of independence thing is ludicrous, it's not even a real topic, except for nutjobs who are scared of the Federal Reserve bank, and that was main the reason behind it.
- The decentralization of the mint brings a whole series of issues, notably in terms of security.
- Having independent Exchanges for it, proved that fraud and security flaws are still present and that nothing has been solved with Bitcoin.
- Mining is now expensive as everyone is doing it, the value of mining a bitcoin is more expensive that the energy bill used to pay for your servers. With millions of chinese students using their university computers to mine bitcoins render the mining job worthless. Unless of course you don't pay for the electricity.
- Bitcoin was to produce an alternative stable currency, it turns out it's insecure and unstable as the value is very volatile, and has crashed multiple times, more than Wall Street in 1927

Blockchain technology though has some uses, but bitcoin ? please, only idiots fall for that one, no wonder all the idiotic Chinese peasants are on it.

Originally Posted by baldrick

what was the last book that you read butters ?

Some French literature book, so too big and too sophisticated for you

Trumping up, Bitcoin is now over 660 euro...

Bitcoin Price ‏@Bitcoin10min 14m14 minutes ago View translation
$733.96 | €661.03 | ¥4996.36 | £602.03
1h +0.01% | 1d +4.07% | 7d +0.52% | 1m +18.13%

Originally Posted by Plan B

Balders, how do you get money in and out the system?


A few years ago I mined some coin to see what it was all about, now it's worth a few hundred $US but I have no idea of how to get that into cold, hard, actual electronic cash in my bank account.

you can buy online porn with it

Originally Posted by forreachingme

Trumping up, Bitcoin is now over 660 euro...

Bitcoin Price ‏@Bitcoin10min 14m14 minutes ago View translation
$733.96 | €661.03 | ¥4996.36 | £602.03
1h +0.01% | 1d +4.07% | 7d +0.52% | 1m +18.13%

no shortage of fools it seems,

Trump proved that

Originally Posted by Plan B

Balders, how do you get money in and out the system?

when you mined it you would have stored it to an address/wallet on your computer

depending what currency you want to get it in - I have bx.in.th for THB and coinhaiko for USD SGD and MYR

so sign up to an exchange - it is as easy as user / pass email and then you normally have to send a photo of you holding your passport and the name of the exchange on a piece of paper and they will activate your account

when you have an account at the exchange you can send bitcoin to your wallet address there and then sell it and it will be available to you as the currency of the exchange

with bx.in.th you will convert it to THB - normally a small fee , and then you enter in bank account details and they will transfer it - cost about 20 baht - and during business hours is done in less than an hour

coinhaiko you need an account in sing and the transfer is free via giro in less than a day usually

also useful for buying stuff from traders who accept bitcoin - eg invadeit

transfer from sing bank to coinhaiko , convert to bitcoin ( 0.6% I think ) , send to invadeit - saves bank transfer fees and conversion losses

I have used it to transfer between sing and thai - bank -->coinhaiko --> BTC send to wallet on bx.in.th --> sell for THB and then transfer to thai bank acc

for small amounts up to < 5k SGD it seems more economical but larger transfers might be better done via normal swift

largest I have done has been 1k SGD - you do have to check a box on bx.in.th saying that the BTC did not cme from outside TH

it will cost you a small amount of BTC ( or ETH using Ethereum) when you transfer from wallet to wallet

Thanks, it's in Monero. #5 on coinmarketcap.

It never seemed worth enough to actually sell up but while I was away in Myanmar it spiked to $12 a coin. Since then it's crashed and now climbing back up. Over $6 now. I'd prefer to get it in cash to a NZ bank account but I do have a couple of bank accounts in Thailand from my time there.

I'm guessing for an alt-coin I would have to sell for BTC first. Do I need a bitcoin wallet or will the exchange make an account for me that I can keep currencies in?

November 28 2016

$731.39 | €695.02 | ¥5187.8 | £600.17
1h +0.15% | 1d -0.36% | 7d -0.88% | 1m +2.38%

$766.96 | €725.95 | ¥5325.0 | £612.25
1h -0.25% | 1d +0.06% | 7d +1.93% | 1m +7.83%

I got out of BTC this week - when the USD pops up next week after the interest rate rise I think it may take a dive

I have been buying ETH at the 7-8 USD mark thinking that it will get back to 11-12 USD

reminds me of the fools buying Gold at the highest,

where is Socal and his gold chest btw ? awfully quiet these days

no wonder that Plumbers, taxi drivers, and house cleaners all fall for a bit of speculation, it's like playing lotto for them, and we all know what that means

Does the bitcoin market run on any discernible logic? Is there any "smart" way to play the currently. Seems like it fluctuates wildly based on rumors, innuendo, nothing at all, etc.

I like the idea, but damned if I would touch it. Not to say it won't make someone a lot of money who does though. Or lose them a lot...

it's based on hot air, and the market sentiment of Chinese peasants

Originally Posted by redhaze

"smart"

I am waiting for butters' perspicacity

being a boiler room fluffer he will have some ingestion

no shortage of suckers I see

wonder if our resident Plumber is also waiting for his lottery win