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Re: bitcoin is going to crash and you know it

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heartstringsbye9 is not online. heartstringsbye9
Joined: 01 Apr 2013
Total Posts: 464
03 Apr 2013 03:08 PM
instawallet service is offline/suspended and some eastern european has made off with $6 million in bitcoins

pwnt
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StanleyKowalski is not online. StanleyKowalski
Joined: 27 Dec 2012
Total Posts: 1661
03 Apr 2013 03:09 PM
oh ok so bitcoin is like tulipmania?

i should have invested earlier so i could have made money off it
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zevinneve is not online. zevinneve
Joined: 27 Jun 2017
Total Posts: 14466
03 Apr 2013 03:14 PM
My guess, keeping in mind I know nothing about finance and the like, is that it's going to drop within a month. It's at an all-time high now, and people are probably going to start selling them over the next few weeks. We all know what happens then.
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mrbeanersalt is not online. mrbeanersalt
Joined: 30 Aug 2012
Total Posts: 2410
03 Apr 2013 03:14 PM
wuts a bitcoin
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heartstringsbye9 is not online. heartstringsbye9
Joined: 01 Apr 2013
Total Posts: 464
03 Apr 2013 03:15 PM
"and people are probably going to start selling them over the next few weeks. We all know what happens then."

people are already starting to sell with fear of the collapse while others are frantically buying to prevent such a crash

oops
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StanleyKowalski is not online. StanleyKowalski
Joined: 27 Dec 2012
Total Posts: 1661
03 Apr 2013 03:16 PM
if it crashes i will buy up as many as i can

the lessened supply will drive the value up

and then i slowly sell off my bitcoin assets

and become fabulously rich and retire at 25
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heartstringsbye9 is not online. heartstringsbye9
Joined: 01 Apr 2013
Total Posts: 464
03 Apr 2013 03:17 PM
"if it crashes i will buy up as many as i can"

once it crashes, the crash will destroy investor confidence and it will never rise to such levels
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StanleyKowalski is not online. StanleyKowalski
Joined: 27 Dec 2012
Total Posts: 1661
03 Apr 2013 03:19 PM
so when new bitcoins are created where do they go

how can i get these new bitcoins without paying for them
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StanleyKowalski is not online. StanleyKowalski
Joined: 27 Dec 2012
Total Posts: 1661
03 Apr 2013 03:20 PM
"the crash will destroy investor confidence and it will never rise to such levels"

yeah but if it crashes they will end up rising again to lower levels

even going from 5 to 15 i make a profit
im not going to be retiring at 25 anymore if they dont boom again though
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heartstringsbye9 is not online. heartstringsbye9
Joined: 01 Apr 2013
Total Posts: 464
03 Apr 2013 03:28 PM
i dont think theyre created i mean if you try to buy/sell more than a certain amount per minute it messes with everything but i really dont know :(
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StanleyKowalski is not online. StanleyKowalski
Joined: 27 Dec 2012
Total Posts: 1661
03 Apr 2013 03:29 PM
wikipedia says they create 25 every 10 minutes

how can i get my hands on those instead of buying some
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heartstringsbye9 is not online. heartstringsbye9
Joined: 01 Apr 2013
Total Posts: 464
03 Apr 2013 03:30 PM
"how can i get my hands on those instead of buying some"

there are "bitcoin farms" but when my friend tried one he only had 0.006 bitcoins after a week
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StanleyKowalski is not online. StanleyKowalski
Joined: 27 Dec 2012
Total Posts: 1661
03 Apr 2013 03:31 PM
how do bitcoin farms work and are they legal

also okay its nice to know i can have fractional bitcoins
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OperaMini is not online. OperaMini
Joined: 27 Jul 2010
Total Posts: 27855
03 Apr 2013 03:32 PM
"sell" is just so it crashes

around 50000BTC were sold

On the other hand, I'm left-handed.
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heartstringsbye9 is not online. heartstringsbye9
Joined: 01 Apr 2013
Total Posts: 464
03 Apr 2013 03:32 PM
"how do bitcoin farms work and are they legal"

i really don't know anything about farming but i think its legal i guess
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OperaMini is not online. OperaMini
Joined: 27 Jul 2010
Total Posts: 27855
03 Apr 2013 03:33 PM
do you mean using computers that aren't yours?

On the other hand, I'm left-handed.
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OperaMini is not online. OperaMini
Joined: 27 Jul 2010
Total Posts: 27855
03 Apr 2013 03:33 PM
cpu mining is useless

On the other hand, I'm left-handed.
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StanleyKowalski is not online. StanleyKowalski
Joined: 27 Dec 2012
Total Posts: 1661
03 Apr 2013 03:34 PM
how can i get bitcoin without paying i want to participate in the bubble but i dont want to be bankrupted

or is there maybe a stock market simulation real time multiplayer game i can play without having to actually buy stocks
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OperaMini is not online. OperaMini
Joined: 27 Jul 2010
Total Posts: 27855
03 Apr 2013 03:35 PM
>what is mining


On the other hand, I'm left-handed.
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ImVeryDifferent is not online. ImVeryDifferent
Joined: 10 Feb 2013
Total Posts: 5769
03 Apr 2013 03:35 PM
they can just generate new bitcoins
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OperaMini is not online. OperaMini
Joined: 27 Jul 2010
Total Posts: 27855
03 Apr 2013 03:36 PM
@im

there's a limit of bitcoins

On the other hand, I'm left-handed.
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Skellor is not online. Skellor
Joined: 01 Jul 2011
Total Posts: 66606
03 Apr 2013 03:37 PM
"they can just generate new bitcoins"

print more money!

print more money!
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StanleyKowalski is not online. StanleyKowalski
Joined: 27 Dec 2012
Total Posts: 1661
03 Apr 2013 03:37 PM
yeah but they generate new bitcoins every 10 minutes and i want a piece of that action
but not the paying for bitcoins thats stupid
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OperaMini is not online. OperaMini
Joined: 27 Jul 2010
Total Posts: 27855
03 Apr 2013 03:38 PM
@stanley

bitcoin mining

^ highlight and right click, then click "search on google"

On the other hand, I'm left-handed.
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StanleyKowalski is not online. StanleyKowalski
Joined: 27 Dec 2012
Total Posts: 1661
03 Apr 2013 03:43 PM
"print more money!"

would you like to be my assistant weimar minister of economics
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