Oh No, Bitcoins Trading <$100... | TigerDroppings.com

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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
15207 posts

Oh No, Bitcoins Trading <$100...


I just checked and Bitcoins were trading at $98.00 at 9:18CDT.






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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3606 posts

re: Oh No, Bitcoins Trading <$100...


Guess I need to tell the kids to change their sign...







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gizmoflak
Georgetown Fan
Member since May 2007
8980 posts

re: Oh No, Bitcoins Trading <$100...


Lance G's fault


quote:

While “Lance G” could be anyone from a 16-year-old working out of his parents' basement to a 35-year-old man working out of his parent’s basement, one rumor has it that law enforcement officials are behind the attacks.




This post was edited on 5/2 at 9:37 am


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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Oh No, Bitcoins Trading <$100...


$5,000....thats it? Damn it must be a 16 year old bc anyone with a brain would know if you had to go to a special website only accesible through TOR to purchase illegal narcotics.....the company is sophisticated and clearly making some serious money.....$5,000.....thats amateur hour demands





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the LSUSaint
LSU Fan
Member since Nov 2009
5209 posts

re: Oh No, Bitcoins Trading <$100...


quote:

threatening to crash the site unless it forked over the surprisingly small amount of $5,000.


No doubt this is the work of Dr Evil







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Doc Fenton
Member since Feb 2007
50786 posts

re: Oh No, Bitcoins Trading <$100...


quote:

Poodlebrain


:bitsessed:






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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
15207 posts

re: Oh No, Bitcoins Trading <$100...


I'd prefer bitmused. The entertainment value is what keeps me coming back. It certainly isn't the technical nature of the discussions.





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gizmoflak
Georgetown Fan
Member since May 2007
8980 posts

re: Oh No, Bitcoins Trading <$100...


So did anyone buy at <$100?

If so, congrats






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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Oh No, Bitcoins Trading <$100...


id shite myself if my networth was in bitcoins and swung 15% in either direction in a day





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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21229 posts

re: Oh No, Bitcoins Trading <$100...


quote:

id shite myself if my networth was in bitcoins and swung 15% in either direction in a day


Imagine the geeky early adopter who's seen his bitcoins from being worth a few cents to $266.






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TigerDeBaiter
LSU Fan
Member since Dec 2010
2553 posts

re: Oh No, Bitcoins Trading <$100...


Yes, getting in early on a Ponzi scheme can be advantageous.






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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21229 posts

re: Oh No, Bitcoins Trading <$100...


quote:

Yes, getting in early on a Ponzi scheme can be advantageous.


Well yes that's true but I have no idea what that has to do with the early adopters of bitcoin.






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21453 posts

re: Oh No, Bitcoins Trading <$100...


It's more of a "going out of business" or "these deals won't be here forever" type scheme as explained by Julian assuage. It's designed specifically to get people to join early to maximize benefit.





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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21229 posts

re: Oh No, Bitcoins Trading <$100...


quote:

It's more of a "going out of business" or "these deals won't be here forever" type scheme as explained by Julian assuage.


Don't misrepresent what Assange said.

Assange was talking about how it was proselytized to people that way. This was one critique in a conversation of how technically brilliant bitcoin is and it wasn't even a critique in bitcoin itself but rather of the people involved.






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21453 posts

re: Oh No, Bitcoins Trading <$100...


It's the key part of bitcoin and why many criticize it. If the distribution was based on sustaining a certain exchange rate or based on exchange volume I would have zero criticism of it. It's a scheme that's going to fail in the long run. Other systems will form that give more certainty to buyers and sellers. Bit coins may exist as a commodity for a while but it will lose out to others for exchanging goods.





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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21229 posts

re: Oh No, Bitcoins Trading <$100...


quote:

If the distribution was based on sustaining a certain exchange rate


Well if this is your main complaint, I'm glad you don't like bitcoin.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80672 posts

re: Oh No, Bitcoins Trading <$100...


quote:

Imagine the geeky early adopter who's seen his bitcoins from being worth a few cents to $266.
It works both ways.
Imagine those bitcoinistas who were gullible enough to buy at $266 and tonight see it down to $98 as I type this having seen their "currency" lose over 60% of its purchasing power in three weeks.






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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21229 posts

re: Oh No, Bitcoins Trading <$100...


quote:

It works both ways.


It's not as interesting. The early adopters have been through both. It was kind of cool to watch during the April bubble on Reddit as these early adopters were driving themselves crazy because of their situations.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80672 posts

re: Oh No, Bitcoins Trading <$100...


quote:

It's not as interesting

It is to me.






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21453 posts

re: Oh No, Bitcoins Trading <$100...


quote:

Well if this is your main complaint, I'm glad you don't like bitcoin.


Sniff...






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