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Post by boothenpaddock86 on Nov 27, 2013 3:36:02 GMT
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Post by boothenpaddock86 on Nov 27, 2013 19:11:39 GMT
price gone up 300% in last month and rising,get on it quick
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Post by RichieBarkerOut! on Nov 27, 2013 19:13:04 GMT
The bubble is going to burst, question is, when?
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Post by boothenpaddock86 on Nov 27, 2013 19:14:19 GMT
why?
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Post by iglugluk on Nov 27, 2013 19:20:20 GMT
Bitcoin security sounds to be a bit of an issue as they can easily be stolen via hacking from what I've read.
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Post by boothenpaddock86 on Nov 27, 2013 19:21:20 GMT
its a revolution mate,wait and see then,predictions are it could reach 10k per coin
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Post by boothenpaddock86 on Nov 27, 2013 19:22:02 GMT
no you can store them cold storage on usb stick
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Post by boothenpaddock86 on Nov 27, 2013 19:23:48 GMT
its big conspiracy to tarnish bitcoin banks/tv/media/polotics/google all involved
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Post by boothenpaddock86 on Nov 27, 2013 19:38:48 GMT
litecoin another good one gone up 300% in last week
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Post by RichieBarkerOut! on Nov 27, 2013 19:56:57 GMT
That's how a "bubble" works. I'm not saying it's going to burst tomorrow, but nothing can sustain the kind of growth that Bitcoin is experiencing, without going pop at some point. Tulip BubbleAs I said, it will burst, and there will be more losers than winners, I really hope you do well, as there is still probably some time to make some money. I'm not a gambler, so I'm out. |
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Post by boothenpaddock86 on Nov 27, 2013 20:15:37 GMT
its a world wide currency which is owed by nobody except the people who buy it.its a virtually free method of payment and transfer,paypal and western union are worth how much?il let you do the maths and tell me what a bit coin should be worth on the basis of them 2 companies
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Post by boothenpaddock86 on Nov 28, 2013 0:22:23 GMT
litcoin doubled again in last 24hrs
C £22.61LTC Prices are trending up
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Post by Deleted on Nov 28, 2013 2:23:17 GMT
Bitcoin security sounds to be a bit of an issue as they can easily be stolen via hacking from what I've read. The internet per se is insecure. Ergo Bitcoin is insecure. See my latin there Ig?? |
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Post by Deleted on Nov 28, 2013 2:25:52 GMT
Bitcoin security sounds to be a bit of an issue as they can easily be stolen via hacking from what I've read. The internet per se is insecure. Ergo Bitcoin is insecure. See my latin there Ig?? Very good ...how's your Virgil ? |
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Post by Deleted on Nov 28, 2013 2:28:34 GMT
The internet per se is insecure. Ergo Bitcoin is insecure. See my latin there Ig?? Very good ...how's your Virgil ? Still the Captain of Thunderbird 2 isn't he?  |
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Post by boothenpaddock86 on Nov 28, 2013 2:40:10 GMT
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Post by boothenpaddock86 on Nov 28, 2013 3:38:14 GMT
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Post by StokeOnTour on Nov 28, 2013 6:35:49 GMT
I got 40 litecoin when they were below £7 each, looking good so far
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Post by Deleted on Nov 28, 2013 10:49:16 GMT
Very good ...how's your Virgil ? Still the Captain of Thunderbird 2 isn't he? He must be getting on a bit for that ..... |
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Post by iglugluk on Nov 28, 2013 13:34:10 GMT
Bitcoin security sounds to be a bit of an issue as they can easily be stolen via hacking from what I've read. The internet per se is insecure. Ergo Bitcoin is insecure. See my latin there Ig?? Good work, thing is my knowledge of Latin is negligible ( or should I say neglegenda?  ), so I'm afraid I have no idea what you are writing about. I am interested in Etymology though. Btw, I guess it is true to say that from a meta( Greek root I believe  )-reality level everything in existence is insecure given sufficient time....so therefore it follows that bitcoins are too ( or should it be bitcoin is too? ). |
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Post by Squeekster on Nov 28, 2013 13:53:43 GMT
You gotta feel for the bloke who threw his hard drive away with 7500 bitcoins on it 4 million up in down the dump literally!
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Post by denman on Nov 28, 2013 16:43:46 GMT
LITECOIN GOING TO THE MOON
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Post by Deleted on Nov 29, 2013 6:01:01 GMT
The internet per se is insecure. Ergo Bitcoin is insecure. See my latin there Ig?? Good work, thing is my knowledge of Latin is negligible ( or should I say neglegenda? ), so I'm afraid I have no idea what you are writing about. I am interested in Etymology though. Btw, I guess it is true to say that from a meta( Greek root I believe )-reality level everything in existence is insecure given sufficient time....so therefore it follows that bitcoins are too ( or should it be bitcoin is too? ). si sum non certus of quispiam google is  |
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Post by iglugluk on Nov 29, 2013 10:59:40 GMT
Good work, thing is my knowledge of Latin is negligible ( or should I say neglegenda? ), so I'm afraid I have no idea what you are writing about. I am interested in Etymology though. Btw, I guess it is true to say that from a meta( Greek root I believe )-reality level everything in existence is insecure given sufficient time....so therefore it follows that bitcoins are too ( or should it be bitcoin is too? ). si sum non certus of quispiam google is I'm not sure if any of this makes sense |
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Post by RipRoaringPotter on Nov 29, 2013 14:13:08 GMT
Good work, thing is my knowledge of Latin is negligible ( or should I say neglegenda? ), so I'm afraid I have no idea what you are writing about. I am interested in Etymology though. Btw, I guess it is true to say that from a meta( Greek root I believe )-reality level everything in existence is insecure given sufficient time....so therefore it follows that bitcoins are too ( or should it be bitcoin is too? ). si sum non certus of quispiam google is Text speak is getting harder and harder to understand. |
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Post by boothenpaddock86 on Nov 30, 2013 5:14:13 GMT
bit coin up to all time high £705
people need to realise what bit coin is,its a weapon created buy a libertarian group to cause a financial RE V O LUTION. the major banks could potentially be worthless.its very difficult to see a away out for them apart from creating civil unrest which could possibly divert attention away from crypto currencies
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Post by The Drunken Communist on Dec 3, 2013 10:43:19 GMT
I hope you didn't have all your Bitcoins stashed away on the Sheep marketplace (Very fitting name!) boothenpaddock86 |
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bitcoin
Dec 4, 2013 5:50:29 GMT
via mobile
Post by boothenpaddock86 on Dec 4, 2013 5:50:29 GMT
I hope you didn't have all your Bitcoins stashed away on the Sheep marketplace (Very fitting name!) boothenpaddock86 Mine safe thanks mate,only the banks stealing my money atm Sounds like something the fbi has concocted,surly cant be serious with a name like that lambs to the slaughter |
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Post by Deleted on Dec 4, 2013 8:08:55 GMT
(Oooo thanks for the topic; I had 10 mins before putting tea on The very cleverest thing they did ... whoever they exactly was/is ... was to name them bitcoins. Or anything, coins. They are not coins. They are an investment vehicle. The vehicle invested in, is created by computers solving very, very (lots of verys) complex mathematical equations. That is called bitcoin mining. The people doing the "mining" have expensive and powerful machines. So to become a miner it's all about the "fastest" rig you can build (for your budget), that runs on the least power (that costs you as little as possible to buy). Whatever "coins" your machine "makes" (mines) you "store" (and/or sell). So the "currency" - I do wish they would stop calling them that - is infinite. The exchanges need never run out of "problems" that need to be solved. I guess it became a "currency" (rather than just a "Numbers Racket") when third party businesses (and now governments, central banks) decided to accept them as payment for goods. In essense, taking ownership of an investment in exchange for whatever it was they were selling. No different than the same people agreeing to accept "Shares in Marks & Spencer" (or whatever). But everyone called it a currency. And, like any investment - from a share in a plc business, to the house you own, to the currency used in the country you reside - the value of it can go up and/or down, depending on what someone else will pay you for it[/i]. At the moment, people will pay a lot. It will implode. But will it isn't the question. The question is - given that you could be getting into the market still at the start, in the middle, or at the end (no one knows) and given that it could be made illegal in any country at any point ... and so maybe rendered worthless, and loads of other "potential issues" - how much are you willing to bet on the investment? And how long will you let that bet ride? (you also need to make sure you can trade in a secure way. So a crash course in Internet Security is very much required before you go and buy ... or mine) MiningYes. That's right. After a few thousand years of trying, someone finally turned lead into gold. Well, silcon and electricity into gold. You can build your own rig, download the appropriate software and start making money for nothing (provided you trade the bitcoins for real gold/cash) for £10,000? Maybe less ... Well, you could start to do it for £300, but your £300 machine would die before you actually mined 1 "coin". But £10,000 is probably a good starter machine. Then you get more machines. Then there's your electricity bill. Such machines have stupidly large 1000W power-packs. They run 24x7. You might need air-conditioning running, nevermind the internal cooling system you fit to the machine. Hey, maybe you can come up with some low-power solution, that runs on hundreds of R-Pis, or something!? But, if you have the initial investment money, you know what you are doing (with a PC etc) and can figure out ways to reduce the costs involved (power), you can become a profitable miner (while you sleep). Criminality? As has been pointed out in various other threads; lots of free software (browser toolbars, free anti-virus packages) are now very likely to come with bitcoin miner included. BUT YOU DO NOT MAKE THE MONEY - THE COMPANY WHO WROTE THE SOFTWARE/TOOLBAR DO. It will be almost impossible to tell that such software is running on your machine (if the writer was smart enough). Often, you will have agreed to install the bitcoin miner, and agreed to let the programmer have the money; when you agreed to the End User License (that thing you never read, but just "Agree to", when you intall some software). (As ever ) Be careful what you download. If it looks to good to be free, it isn't (one way or the other). Cloud mining ... find the (currently unknown) developer who will write the first/most-efficient suite of packages that will - given a current and variable bitcoin value - allow people to mine in the most cost-effective part of the cloud. Invest in that developer. Cross fingers it doesn't all go Pete-Tong before that product goes to market. <-- that's where the smart money should be looking to go |
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Post by RipRoaringPotter on Dec 4, 2013 10:56:32 GMT
(Oooo thanks for the topic; I had 10 mins before putting tea on The very cleverest thing they did ... whoever they exactly was/is ... was to name them bitcoins. Or anything, coins. They are not coins. They are an investment vehicle. The vehicle invested in, is created by computers solving very, very (lots of verys) complex mathematical equations. That is called bitcoin mining. The people doing the "mining" have expensive and powerful machines. So to become a miner it's all about the "fastest" rig you can build (for your budget), that runs on the least power (that costs you as little as possible to buy). Whatever "coins" your machine "makes" (mines) you "store" (and/or sell). So the "currency" - I do wish they would stop calling them that - is infinite. The exchanges need never run out of "problems" that need to be solved. I guess it became a "currency" (rather than just a "Numbers Racket") when third party businesses (and now governments, central banks) decided to accept them as payment for goods. In essense, taking ownership of an investment in exchange for whatever it was they were selling. No different than the same people agreeing to accept "Shares in Marks & Spencer" (or whatever). But everyone called it a currency. And, like any investment - from a share in a plc business, to the house you own, to the currency used in the country you reside - the value of it can go up and/or down, depending on what someone else will pay you for it.
At the moment, people will pay a lot.
It will implode. But will it isn't the question.
The question is - given that you could be getting into the market still at the start, in the middle, or at the end (no one knows) and given that it could be made illegal in any country at any point ... and so maybe rendered worthless, and loads of other "potential issues" - how much are you willing to bet on the investment? And how long will you let that bet ride?
(you also need to make sure you can trade in a secure way. So a crash course in Internet Security is very much required before you go and buy ... or mine)
Mining
Yes. That's right. After a few thousand years of trying, someone finally turned lead into gold. Well, silcon and electricity into gold. You can build your own rig, download the appropriate software and start making money for nothing (provided you trade the bitcoins for real gold/cash) for £10,000? Maybe less ... Well, you could start to do it for £300, but your £300 machine would die before you actually mined 1 "coin". But £10,000 is probably a good starter machine. Then you get more machines.
Then there's your electricity bill. Such machines have stupidly large 1000W power-packs. They run 24x7. You might need air-conditioning running, nevermind the internal cooling system you fit to the machine. Hey, maybe you can come up with some low-power solution, that runs on hundreds of R-Pis, or something!?
But, if you have the initial investment money, you know what you are doing (with a PC etc) and can figure out ways to reduce the costs involved (power), you can become a profitable miner (while you sleep).
Criminality?
As has been pointed out in various other threads; lots of free software (browser toolbars, free anti-virus packages) are now very likely to come with bitcoin miner included. BUT YOU DO NOT MAKE THE MONEY - THE COMPANY WHO WROTE THE SOFTWARE/TOOLBAR DO. It will be almost impossible to tell that such software is running on your machine (if the writer was smart enough).
Often, you will have agreed to install the bitcoin miner, and agreed to let the programmer have the money; when you agreed to the End User License (that thing you never read, but just "Agree to", when you intall some software).
(As ever ) Be careful what you download. If it looks to good to be free, it isn't (one way or the other).
Cloud mining ... find the (currently unknown) developer who will write the first/most-efficient suite of packages that will - given a current and variable bitcoin value - allow people to mine in the most cost-effective part of the cloud. Invest in that developer. Cross fingers it doesn't all go Pete-Tong before that product goes to market. <-- that's where the smart money should be looking to go I tried reading a Chinese book once. I don't know Chinese. It still made more sense to me than that post. |
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), so I'm afraid I have no idea what you are writing about. I am interested in Etymology though.
)-reality level everything in existence is insecure given sufficient time....so therefore it follows that bitcoins are too ( or should it be bitcoin is too? ).
