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Bitcoin

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CRiP
Posts: 1323 - Karma: 482
Any NS'ers getting into bitcoin recently?

The price is now up to ~$145 from under $50 a few weeks ago

As more companies begin to accept bitcoin as a form of payment the price continues to rise

I bought in a few weeks ago and ive already more than doubled my money

What does NS think about bitcoin?
Apr 6 2013 2:49PM
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iH8pow
Posts: 1728 - Karma: 7,220
So who here's rich AF now? Seems like everyone is debating back when it was $145 now it's ~$2,700
Jun 8 2017 3:48AM
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Skitrippin
Posts: 197 - Karma: 270
zuesbought a few hundred when they were $3.82


I hope you didn't get rid of them...
Jun 8 2017 8:17AM
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Rparr
Posts: 5354 - Karma: 42,183
Don't be deceived by the surge in bitcoin, bitcoin is a dumpster fire that is about to explode, in the bad kind of way. Ethereum is where it's at now. growing way faster than btc
Jun 8 2017 10:23AM
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Skitrippin
Posts: 197 - Karma: 270
RparrDon't be deceived by the surge in bitcoin, bitcoin is a dumpster fire that is about to explode, in the bad kind of way. Ethereum is where it's at now. growing way faster than btc


Could you explain what Ethereum is? I googled it and read a few articles about it but im still pretty confused
Jun 8 2017 11:38AM
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Rparr
Posts: 5354 - Karma: 42,183
Goonsquad_Prod.Could you explain what Ethereum is? I googled it and read a few articles about it but im still pretty confused


Basically ether is the currency of ethereum. It has risen something like 2,900% over the last year, and many think it is the best cryptocurrency to invest in because of how popular it is becoming. Apparently it has uses beyond merely being a cryptocurrency but I don't know anything about that side of it.

Bitcoin is getting really fucked up because there is currently a civil war of sorts unfolding over how to best handle scaling the blockchain. They can't reach a consensus, so nothing has been done.There are currently way too many bitcoin transactions backlogged, up to 200k at the worst of times. As a result, transactions can take hours to days to complete unless you pay a high transaction fee. transaction fees have also reached crazy levels. 100$ now costs about 4$ to send in a timely manner, it used to cost like 20 cents. The developers refuse to increase the size of the blocks, which would allow more transactions to be processed.
Jun 8 2017 11:56AM
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Skitrippin
Posts: 197 - Karma: 270
RparrBasically ether is the currency of ethereum. It has risen something like 2,900% over the last year, and many think it is the best cryptocurrency to invest in because of how popular it is becoming. Apparently it has uses beyond merely being a cryptocurrency but I don't know anything about that side of it.

Bitcoin is getting really fucked up because there is currently a civil war of sorts unfolding over how to best handle scaling the blockchain. They can't reach a consensus, so nothing has been done.There are currently way too many bitcoin transactions backlogged, up to 200k at the worst of times. As a result, transactions can take hours to days to complete unless you pay a high transaction fee. transaction fees have also reached crazy levels. 100$ now costs about 4$ to send in a timely manner, it used to cost like 20 cents. The developers refuse to increase the size of the blocks, which would allow more transactions to be processed.

Ohhh, ok thank you for the explanation. I'll probably do a little more research just to completely understand it. If I had an extra $255 laying around Id get into Ether
Jun 8 2017 12:13PM
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qazwsxedc34
Posts: 2886 - Karma: 2,252
HOW THE FUCK do I buy Ethereum without given away all my personal information. As for the exchanges they're worse than mobile phone companies when it comes to support and emailing. Can not get verified, want to track and ID me, bitcoin and crypto needs be decentralized and private!
Jun 8 2017 11:13PM
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Rparr
Posts: 5354 - Karma: 42,183
fuckmekevinHOW THE FUCK do I buy Ethereum without given away all my personal information. As for the exchanges they're worse than mobile phone companies when it comes to support and emailing. Can not get verified, want to track and ID me, bitcoin and crypto needs be decentralized and private!


you don't. Most exchanges are federally required to collect such information. Not that I like that, but it's the way its been
Jun 9 2017 9:05AM
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Coloradical
Posts: 673 - Karma: 180
I'll gladly sell bitcoin to anyone if they want no sign up required :)
Aug 20 2017 7:12PM
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Rparr
Posts: 5354 - Karma: 42,183
ColoradicalI'll gladly sell bitcoin to anyone if they want no sign up required :)


BE CAREFUL FOLKS, people who are eager to sell bitcoin privately are often scammers, because if they scam you, you have no course of action against them. Stick to etablished exchanges and other methods such as bitcoin atms if you want a more secure transaction.

All they have to do is not send you the bitcoin if you're silly enough to pay beforehand, and there's nothing you can do. This guy may very well be trying to prey upon cryptocurrency newbies and take their money.


Sorry to call you out, it's nothing against you, I don't know you, but I've been deep in the bitcoin and darknet world for years and I see the exact scam that I've described all the time.
Aug 20 2017 7:44PM
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Coloradical
Posts: 673 - Karma: 180
RparrBE CAREFUL FOLKS, people who are eager to sell bitcoin privately are often scammers, because if they scam you, you have no course of action against them. Stick to etablished exchanges and other methods such as bitcoin atms if you want a more secure transaction.

All they have to do is not send you the bitcoin if you're silly enough to pay beforehand, and there's nothing you can do. This guy may very well be trying to prey upon cryptocurrency newbies and take their money.


Sorry to call you out, it's nothing against you, I don't know you, but I've been deep in the bitcoin and darknet world for years and I see the exact scam that I've described all the time.


Yeah dude that was pretty weak. This is newschoolers not the tor network. I've made plenty of transactions on here, selling btc here is no different than selling an ignant vest. Just wanted to throw it out there if anyone wants to get involved without a bunch of coinbase bull.
Aug 20 2017 8:09PM
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-eREKTion-
Posts: 1480 - Karma: 9,274
antshares are the future you filthy plebs.
Aug 20 2017 8:22PM
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zues
Posts: 6434 - Karma: -5,332
Goonsquad_Prod.I hope you didn't get rid of them...


I bought drugs with them .... I've probably gone through about a thousand bitcoin back when they were under 20$... from 2008 - 2010 I dealt with bitcoin almost exclusively to get weed which i bought and sold on campus. If i had never smoked weed i would never have bought bitcoin. but regardless I don't have any bitcoin now. I stumbled through one of my wallets about a year back and found .08 which i sold.

It's very depressing looking back at this and realizing what My life could be right now if I had any sort of intelligence.... I keep telling myself bitcoins will plummet and its just a bubble... but follks bitcoin is now traded like, and is more sought after than any commodity. It is the future of free trading... but when the world gets fucked over, the dollar won't save you and bitcoin won't save you. Only gold and skill will save you.
Feb 16 2018 3:34PM
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johnnyBuz
Posts: 1438 - Karma: 1,270
johnnyBuzGod I wish I had gotten in when it was selling for $0.10. I'd be able to retire with only a $5000 investment.

took my own advice. went all in between 2018-2020. looking forward to the next 9-12 months.

**This post was edited on Jan 14th 2021 at 2:17:31pm
Jan 14 2021 2:14PM
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Aidan.Okelly
Posts: 60 - Karma: 272
got in around 20k, planning on holding until 100k. Ethereum also has massive potential
Jan 14 2021 2:33PM
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ColoradoDogfart
Posts: 2355 - Karma: 27,349
I feel bad for everyone in here saying it was peaking when it was at around 100 bucks. Considering it capped at 41k a few days ago... if only they knew what it was gonna turn into.

And, as soon as the pandemic hit, bitcoin crashed to 3600 for one day in march, they got back up to 7k. If you invested even 7k in march your profit would be close to 80k
Jan 14 2021 5:08PM
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KaneDog
Posts: 1551 - Karma: 2,190
I feel fortunate to have got in around summer especially ETH, have only seen about 3k in growth but not bad for not doing anything
Jan 14 2021 5:13PM
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dolanslebensraum
Posts: 5959 - Karma: -13,100
Bitcoin is great because it will force the fed to stop being such benjamin queefers with printing money. If everybody plows their money into bitcoin, the dollar will eat an unprecedented amount of shit.

money is a faith game, and bitcoin has alot of faith going for it right now. And they cant print new btc so its even better of an inflation hedge than gold which gets unearthed daily.

Something is going to snap at some point tho. I dont know what,,, but...

If the fed is like a shitty burger place that sells shitty burgers for 20$ then btc is like a five guys or in and out burger opening up across the street selling great burgers for 7$.
Jan 15 2021 1:26AM
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xxACIDTRIPxx
Posts: 5980 - Karma: 8,174
DolanReloadedBitcoin is great because it will force the fed to stop being such benjamin queefers with printing money. If everybody plows their money into bitcoin, the dollar will eat an unprecedented amount of shit.

money is a faith game, and bitcoin has alot of faith going for it right now. And they cant print new btc so its even better of an inflation hedge than gold which gets unearthed daily.

Something is going to snap at some point tho. I dont know what,,, but...

If the fed is like a shitty burger place that sells shitty burgers for 20$ then btc is like a five guys or in and out burger opening up across the street selling great burgers for 7$.


Fuck banks defi is the future
Jan 16 2021 1:53AM
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Casey
Posts: 7786 - Karma: 23,466
Maybe this was discussed already but I heard in the radio this story of an early guy in Bitcoin did this commercial on YouTube for them like 10 years ago, and this low budget shit show firm paid him 7000 bitcoins as payment. Well, fast forward to 2020 and that is now worth 300 million dollars and his password glitched out and he can’t collect. I would probably legit kill myself but he appears to be handling it well. 🤷‍♂️😢
Jan 16 2021 9:18PM
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CRiP
Posts: 1323 - Karma: 482
This thread has aged like a fine wine. Kicking myself for not holding onto the bitcoins I bought when I started this thing 8 years ago...
Jan 17 2021 6:05PM
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johnnyBuz
Posts: 1438 - Karma: 1,270
CRiPThis thread has aged like a fine wine. Kicking myself for not holding onto the bitcoins I bought when I started this thing 8 years ago...

Do you still hold any? I actually owe it to this thread for making me aware of bitcoin in 2013. I made my Coinbase account that year but unfortunately didn't purchase any until 2018. Now I'm deep in the rabbit hole and spend my days researching all things crypto.
Jan 24 2021 2:21PM
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Charlie_Kelly
Posts: 11953 - Karma: 12,296
howlongcanausernyup, i dumped a few grand of savings back in february when it was $35. i was thinking about selling when it hit $80 but i've held on. might sell soon though.

I've used bitinstant/bitfloor/coinbase to buy.

where's your gold standard god now, libertarians?


Hard to believe if this guy held he’d have $3.5 million.
Jan 24 2021 4:46PM
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dolanslebensraum
Posts: 5959 - Karma: -13,100
I think btc is still a buy tbh.

its the best inflation immune asset i am aware of.
Jan 24 2021 6:34PM
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CRiP
Posts: 1323 - Karma: 482
johnnyBuzDo you still hold any? I actually owe it to this thread for making me aware of bitcoin in 2013. I made my Coinbase account that year but unfortunately didn't purchase any until 2018. Now I'm deep in the rabbit hole and spend my days researching all things crypto.

I’ve been holding some bitcoin and ETH since mid-2017 and slowly adding to those positions since. Definitely up a lot on those investments but nowhere near where I would be if I kept what I had when I made this thread...
Jan 24 2021 7:20PM
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zues
Posts: 6434 - Karma: -5,332
all you bitcoin nerds who think you're making good money doubling up on bitcoin should get into the stock market and make some real returns.
Jan 27 2021 7:41PM
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zues
Posts: 6434 - Karma: -5,332
I'm going go ahead and give that to GOLD where you don't get fucked over with insane fees. Oh and gold actually exists. Oh and there's unlimited crypto currencies floating around where gold is finite. Oh and crypto is volatile AF. Oh and no one actually accepts crypto currency. Oh and Gold is tangible and backed by the world economy.
DolanReloadedI think btc is still a buy tbh.

its the best inflation immune asset i am aware of.
Jan 27 2021 7:44PM
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iH8pow
Posts: 1728 - Karma: 7,220
I just bought 1000 DOGE.

AMA
Jan 28 2021 11:59PM
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ReturnToMonkey
Posts: 6172 - Karma: 66,444
theLiquorI just bought 1000 DOGE.

AMA

How you feeling about that? I bought 3000 today hehe maybe I can buy new ON3Ps sooner than expected
Jan 29 2021 12:20AM
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CRiP
Posts: 1323 - Karma: 482
zuesI'm going go ahead and give that to GOLD where you don't get fucked over with insane fees. Oh and gold actually exists. Oh and there's unlimited crypto currencies floating around where gold is finite. Oh and crypto is volatile AF. Oh and no one actually accepts crypto currency. Oh and Gold is tangible and backed by the world economy.

You sound pretty sure of yourself, chief. Just took a look at the gold charts and it looks like it’s up 10% in the 8 years since I made this thread. Nice. I guess bitcoin is only up 20,000% or so since I made this thread. Where would you have parked your money if you could go back?
Jan 29 2021 12:24AM
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CRiP
Posts: 1323 - Karma: 482
And I’m obviously holding GME as well. 🙌💎
Jan 29 2021 12:26AM
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JAHpow
Posts: 7282 - Karma: 17,167
Former coworker is up 1000+% today on his doge.
Jan 29 2021 12:49AM
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zues
Posts: 6434 - Karma: -5,332
dogecoin boys
Jan 29 2021 9:02AM
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iH8pow
Posts: 1728 - Karma: 7,220
Glad someone found this thread i was looking for it 6 months ago.
it’s crazy how much fiat onboarded to the msrket yesterday—-by way of Dogecoin lol

Vechain——>this year’s XRP
Jan 29 2021 9:15AM
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zues
Posts: 6434 - Karma: -5,332
haha yea man I made 400% in Dogecoin so I'm an absolute fraud.
CRiPYou sound pretty sure of yourself, chief. Just took a look at the gold charts and it looks like it’s up 10% in the 8 years since I made this thread. Nice. I guess bitcoin is only up 20,000% or so since I made this thread. Where would you have parked your money if you could go back?
Jan 29 2021 11:13AM
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