Bitcoins - digital currency

Bitcoins - digital currency

Bitcoin is a peer-to-peer digital currency. Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions. Instead, these tasks are managed collectively by the nodes of the network. Advantages:

  • Bitcoins can be sent easily through the Internet, without having to trust middlemen.
  • Transactions are designed to be computationally prohibitive to reverse.
  • Be safe from instability caused by fractional reserve banking and central banks. The limited inflation of the Bitcoin system’s money supply is distributed evenly (by CPU power) throughout the network, not monopolized by banks.

Total size 5,811,700 BTC
or 4,585,431 USD
or 3,545,137 EUR
or 133,094,323 RUB
or 3,849 ounces of gold

Any value to this idea or will it never work?

) 10 Views 10
02 April 2011 at 02:44 AM
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1227 Replies

5
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by housenuts k

There's a trading thread where you can trade stars for btc.

Ty. And do you think is a good idea? I mean, I have for example $4000 at Stars "frozen" because I dont need them to play right now. Is a good idea to buy btc right now and hold it for profit?


by Chiffo k

Ty. And do you think is a good idea? I mean, I have for example $4000 at Stars "frozen" because I dont need them to play right now. Is a good idea to buy btc right now and hold it for profit?

You get bitcoin at the price you deserve.

I'll leave that decision to you sir.


so then it's either $4000 on PS with a massive leak, or $4000 worth of BTC 60 days before the halving event...
gee, that's a tough one.


by MSchu18 k

so then it's either $4000 on PS with a massive leak, or $4000 worth of BTC 60 days before the halving event...
gee, that's a tough one.

What is the leak at PS ?


by housenuts k

There's a trading thread where you can trade stars for btc.

Really ?
Interesting thx


by Chiffo k

What is the leak at PS ?

Can we call you 235?


I’m running out of phone battery refreshing price!


Actually surprised to see something like this.

Kinda thought ~10 point 5 hour runs were over.

Might as well just get to 100k and get it over with bitcoin.


This is not really surprising... the market has been operating in a weekly cycle for a while now.
Down trend from tues/we'd into the weekend, pump on monday... a weekly Wyckoff pattern.
Supply shock is real!


by Go Get It k

Kinda thought ~10 point 5 hour runs were over.

Why would you ever think that? 😀


I'm already thinking about the absolute insanity that is likely to be happening exactly 4 years from now. The gen pop is 100% not ready.


by 27offsuit k

$56k!


Poor bears.

Spoiler
Show

Not.


I love you Jim!



by hansmolman k

I love you Jim!

Anti-cramer is the best alpha out there



My Lt. Dan achievement has been unlocked. This me now:



Over and over we were telling you so...


My brother asked me when he should sell bitcoin last night. Make of that what you will.


by Brokenstars k

My brother asked me when he should sell bitcoin last night. Make of that what you will.

mine already sold "trying to catch a dip"





Man if only I'd bought at sub 20k. Oh right, I did 😃


Im suspicious .
Miners didn’t do much , maybe a short term too ?

When is the halving ?


58 days or so... that is an insignificant event this close.


by mrno1324 k

Man if only I'd bought at sub 10k. Oh right, I did 😃

Ditto...


by Montrealcorp k

Im suspicious .
Miners didn’t do much , maybe a short term too ?

When is the halving ?



Euphoria is quite high right now. Crypto has a way to go relative to trad fi but I dunno if it gets there on this push. Shits already way up with no dips.

Interesting spot.

I just DCA so doesn't really affect me, but wouldn't be surprised to see a pullback soon


Until cryptodickbutts floor is 3eth we aren’t even close to peak euphoria.

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