The Bitcoin Collapse Continues — Now Below $57

Bitcoin is like tulip mania:

[link to en.wikipedia.org]

According to my Investment Banker friends this was a epic pump and dump.

According to my friends a group either saw an opportunity to cash in or another group wanted to destroy the bitcoin.

[link to en.bitcoin.it (secure)]

i read about a housing agency up north who will take it as rent payments - can't find the link at the moment

No I understood.

^^^^^^^^^^^^^^^
THIS

Shitboin was worth $10 a few months ago. It's a crypto-currecy. If you want to use it to play as a stock-trader then that's up to you. Many people knew it was a bubble at $250 per coin.

BTW trinity, yes, there are ways to cash out $1,000,000 in shitcoin. Or, you could use it to invest in another crypto-currency, buy metals, or convert your coins to another currency at alot of different etraders. I can buy pretty much anything I want with shitboin now anyway, preferably metals.

There are multiple competing cryo-currencies atm, shitboin is just one of them. If it doesn't do that well, then currency like Litecoin will take it's place until a new standard emerges.

BTW there are no 'federal regulations' against shitboin atm, that's a lie.

Okay, one more update and an important one...

Ecardone is doing exchanges (selling and buying) from and to BT to LR (Liberty Reserve), Wire, Ukash, SEPA and debit cards.

I have used Ecardone for many years. They are reliable and fast.

[link to www.talkgold.com]

you can't eat money either tard. Oh wait, you can use it as a medium of exchange tho, just like gold, silver and bitcoin.

fuck you're dumb.

Where is the guy from England that bought 400.000,00 pounds of shitcoins after sell a house?
hehehe!

Thread: I've just sold my house and im buying £450,000 worth of bitcoin

Never put all your eggs in one basket!

I got into bitcoin during that rise in popularity. earned up a few bitcoins, 4 or 5. i was mining on the deepbit server.

i opened a dwolla account, tranfered my bitcoins to mtgox and sold them for USD. not much, less than 200. would have been more had I sold during the epic rise last year. would have been over 1000 if I held and sold this week.

But yes, I sold my bitcoins for USD.

I used to be very active in the "alternative" money forms, years ago. Anyone remember e-gold, Evocash, Picpay, etc.?

I agree with Trin that there is a smell to it. It will most likely collapse at some point or it will be impossible to withdraw.

But right now, it's still possible to exchange your BT for real money, it seems.

The ONLY real protection against hyperinflation and SHTF is the agricultural LAND with a water source.


After that, guns & ammo.


Anything else is crap.

Last Edited by Recollector on 04/16/2013 09:47 AM

Morans only allow titboink speech when it's carshing.

Or put your money in a saving account @ 0.60% yearly interest.

J/K.

lol


yep

Not if it cant be defended.

If you have farmland and the government need it, they will tax you on crops or nationalize the land in the event of serious SHTF.

+1. Further, you don't really own it even if you can defend it. You have to pay taxes on it. If you don't pay, you will lose your ability to do anything as they confiscate everything you have to pay them. Ask Wesley Snipes about not paying taxes.

Defending it is different too. Do you mean, someone is going to come on to your property guns blazing and try and take it? Are they that stupid? Or are they going to set up a road block with dozens of officers, cut off power, and wait you out. Or maybe send in a robot, or a drone, or a robot drone with killer bees that shoot out of it's mouth.

Bitcoin is a real way to defend yourself from all governments. It allows you to have money that THEY cannot take away. Whether it prospers time will tell, but it is the beginning.

It's stupid because as the number of bitcoins increases, they become much more difficult to mine.

To cash out of bitcoins;
all you have to do is find someone dumber than you
who is willing to give you cash for your bitcoins.

There's one born every minute. or so I've heard.

Funny. Tried to post a joke on the silver mine collapse thread asking if any bitcoin miners were trapped and my post was blocked. Now we can mention bitcoin?

I am starting to sell some of my digital products at half price if people pay with bitcoin. I happy to own bitcoin as it is a trend the will continue to catch on.

Which adds value to them........

About 8 or 9 years ago, I was selling my worthless Picpay to local idiots for real money.

I don't feel I tricked them. First of all, I gave them a serious discount and secondly, I told them Picpay was worthless. Nevertheless, they wanted it and were happy to get it at a good price.

BitCoin was extremely useful to me in building up my personal armory.

Shove your mental health laws up your ass, New Jersey.

I used bitfloor. I wired money in. Sold at $221 and ACH wired my money back to my checking account. Easy money. Now just have to pay capital gains tax. No problem.

But scarcity does not equal value. Bitcoins only utility is as a currency.

Technically with paper dollars, you can burn them to keep warm, you can smoke them as rolling papers, you can even wipe your ass with them.

Read up about banking in the 1800s especially Joseph Smith.

[link to en.wikipedia.org]

Kirtland Safety Society

I mined for a while and sold it on BTC-E. Didn't make much, just enough to pay for my computer, definitely a pain in the ass though.