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| Post Number: 1
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Leisher 
Top 3%, yo.
Group: Super Administrators
Posts: 26651
Joined: May 2004
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Posted on: Apr. 11 2013,10:05 |
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Anyone use(d) them?
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| Post Number: 2
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TheCatt
Top 2%
Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Apr. 11 2013,10:58 |
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About a year ago I tried mining them for two weeks, and got none, so I quit.
Seems a bit too wild, wild west for me.
Although, I did visit Silk Road once just to browse it. Fascinating.
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It's not me, it's someone else.
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| Post Number: 3
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TPRJones
I saw The Fault in our Stars opening night.
Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: Apr. 11 2013,12:00 |
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I bought 20 when they were about $2 each a couple of years ago. Â Time to dig those up and sell them.
It's an interesting economic experiment. In theory they're no less valid than any government-issued currency. As long as the encryption is sound they'll have a value. But to buy them at this point would be the wildest of speculation.
I've seen a few places that take them as actual currency for purchases. If that and the overall user base keeps growing they'll become more solid.
As to mining, it's best to join a pool. I'm part of Deepbit.net, and I used to get about 0.01 per day for my meager CPU activity when my computer was idle. Time to fire that up again, now that that's almost $5 a day.
Edited by TPRJones on Apr. 11 2013,12:03
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Vidi Perfutui Veni
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| Post Number: 5
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TPRJones
I saw The Fault in our Stars opening night.
Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: Apr. 11 2013,12:11 |
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Oh, and if it ever does stabilize and reach more wide-ranging acceptance, I can easily see it becoming the new reserve currency 20 or so years from now. It's in theory perfect for that, since it's not tied to any government and moving large amounts around is so easy you can do it on your iPhone.
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Vidi Perfutui Veni
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| Post Number: 6
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Troy
Group: Privateers
Posts: 3857
Joined: Jun. 2004
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Posted on: Apr. 11 2013,12:13 |
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Long term prediction: Bitcoin continues to viable just from Silkroad use alone
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| Post Number: 7
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thibodeaux
RAG
Group: Privateers
Posts: 6494
Joined: May 2004
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Posted on: Apr. 11 2013,14:06 |
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How Bitcoin Dies
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| Post Number: 8
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| Post Number: 9
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TPRJones
I saw The Fault in our Stars opening night.
Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: Apr. 14 2013,10:10 |
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Finally found my bitcoins! Well, most of them. I've located 16.56254039 of them, which is a nice chunk of unexpected cash.
Now to wait for the right time to sell.
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Vidi Perfutui Veni
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| Post Number: 10
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GORDON
90%
Group: Super Administrators
Posts: 36125
Joined: Jun. 2004
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Posted on: Apr. 14 2013,10:19 |
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The right time to sell was about 3 days ago when they were about $200USD each. Have they hit 50 yet?
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I don't give a fuck!
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| Post Number: 11
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TPRJones
I saw The Fault in our Stars opening night.
Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: Apr. 14 2013,11:01 |
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They've stabilized at just over $100. Â I expect them to drift up for awhile, but I'll check every day for my sell point.
I use this graph (also same setup for picking stock sell points): http://bitcoincharts.com/charts....gSStoch
When two lines cross up high, that's a sell signal. Â When any two do it about the same time, that's when I sell. Â (Similarly, when two lines cross down low, that's a buy) Â Of course the first step is to make sure the stock is sound by studying the financials, but that doesn't apply in this case. Â I expect it'll start drifting up slowly again until my signals tick off around $140-ish in a few weeks.
It's not a perfect system - I won't catch the absolute highest or lowest price points this way - but it takes the emotion out of it to stick with this. No holding on too long or buying too soon.
Edited by TPRJones on Apr. 14 2013,11:02
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Vidi Perfutui Veni
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| Post Number: 12
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| Post Number: 13
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TPRJones
I saw The Fault in our Stars opening night.
Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: Nov. 07 2013,15:02 |
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I still have 11 of them. I'm tempted to cash out, but I think I'll hang onto them for awhile longer.
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Vidi Perfutui Veni
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| Post Number: 14
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Paul
The Cumulonimbus of the Interweb
Group: Privateers
Posts: 8365
Joined: May 2004
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Posted on: Nov. 08 2013,04:38 |
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The prices keep rising. From what I see they sell for 10% more than yesterday.
You paid $2 apiece? Â Damn good investment.
Edited by Paul on Nov. 08 2013,05:27
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"All hail Paul." Â -Unk
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| Post Number: 15
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TPRJones
I saw The Fault in our Stars opening night.
Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: Nov. 08 2013,08:21 |
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I've pushed 10 to MtGox to sell today. I expect there will be another dip eventually and I'll buy some back then, taking the difference as cash.
While I do think they have an interesting potential future, the recent price hike looks a lot like a bubble to me.
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Vidi Perfutui Veni
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| Post Number: 16
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TheCatt
Top 2%
Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Nov. 08 2013,08:50 |
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It's kinda a bubble by definition, given it has no inherent value.
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It's not me, it's someone else.
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| Post Number: 17
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TPRJones
I saw The Fault in our Stars opening night.
Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: Nov. 08 2013,09:00 |
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You mean like U.S. Dollars have no inherent value? Or more like how diamonds have no inherent value?
Okay, diamonds do have some industrial uses so they aren't completely without value, but they'd be as cheap as glass if there weren't enforced artificial scarcity.
Edited by TPRJones on Nov. 08 2013,09:03
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Vidi Perfutui Veni
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| Post Number: 18
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TPRJones
I saw The Fault in our Stars opening night.
Group: Privateers
Posts: 12384
Joined: May 2004
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Posted on: Nov. 08 2013,09:09 |
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10 sold at $350 each
total cost basis: $20
Edited by TPRJones on Nov. 08 2013,09:09
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Vidi Perfutui Veni
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| Post Number: 19
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TheCatt
Top 2%
Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Nov. 08 2013,09:23 |
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Be sure to pay taxes on that 
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It's not me, it's someone else.
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| Post Number: 20
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