Bitcoin / Bitcoins / Crypto Currency

Missed the boat on yesterday's order. Doh

15k today

Lots of news articles yesterday about it hitting $13.5k

More press == higher price

Tulips!

Tulips!

Just gotta time the market right.

No problem, it's easy. Private investors have a really great track record at that.

Just saw a colleague had emailed me 8 years ago about bitcoin. If only we'd thrown some money at it back then :)

I read something about them years ago when they were 50 cents or something, and thought it would be a laugh to chuck 50 quid at them. Obviously didn't, and whether I'd have kept hold of them to this point I doubt...

I bet there's loads of stories floating around like these at the minute :)

I felt for this guy chucking £4m worth on his computer when the price was at £1000... now, he's over half a billion down...

http://www.bbc.co.uk/news/uk-wales-south-east-wales-25134289

A lot of stories on Reddit about people who've spent the equivalent of $millions on pizza and weed just a few years ago.

I think I'd still prefer the pizza and weed. #doingitwrong?

http://uk.businessinsider.com/bitcoin-pizza-day-passes-2000-20-million-2017-5 was the classic for two pizzas bought for 10,000BTC

That's a cool $150m in today's money (if there was that much liquidity in the exchanges, I don't know how deep the order book is on most exchanges).

This is one of my old Bitcoin wallet addresses.

https://chainz.cryptoid.info/btc/address.dws?15PDLBQnFSHnxEVb7sXdx2wFh8ryhuTHqm.htm

Imagine if I had saved all 900BTC rather then spent it :D

Now imagine the 424242 BTC that Mark Karpelès was in control of at one point on MtGox. $6.3bn

Or the original coins mined by Satoshi. They're worth about $10bn at this valuation.

My own personal "if only" is that I didn't set my home compute cluster onto Bitcoin mining all those years ago...

Id like to buy some other currencies what is everyone looking at now. I wish I had more that the little amount of bitcoin I have but hey ho thats how life works.

Just to highlight my point about other "cheaper" crypto.

If you'd bought $100 of BTC 6 days ago when you posted it would now be worth $160.

What has the gain in ETH / LTC / etc. been this week?

I'm not saying the moon is the only way, just that BTC is the one with the insane growth at the moment.

LTC is over 25% down I think.

Exchanges are starting to struggle under the interest. Even localbitcoins is pulling new registrations for 24 hours. Apparently new signups have been through the roof. I think we might see $20k before it sharts itself inside out.

Jesus, just hit 18k on Gdax.

GDAX has BTC at 19500 USD

1.5k in 6mins. Farrrk.

Its still $16k on some exchanges. People set up for arbitrage are laughing.

arbitrage is a much bigger gamble with 10+ minute transaction times.

Way too Billy Big Balls for my risk averse self.

Good thing I've fired up a new mining farm

Couple of warehouses stuffed with GPUs in China should do it

The coinbase website has gone down, just shows "Service Unavailable" at the moment.

GPU's don't even touch the sides any more. You can get 400 megahashes out of a GPU but about 15 Terahashes out of an ASIC

ASIC

Hmmm I know some guys who make those.

I wondered what the point was

Now I know

I had a pair of them in school.

Sick shoes bruv

Something’s brewing.

I use Kraken, which always struggles.

What's a killer is I tried so many times this morning to short ETH/BTC.

If it's not rude to ask and feel free to ignore; you mentioned you're often paid in BTC.

How do you and your paymasters manage in this incredible bull run? I'd have thought it puts everyone in a tough position.