Bitcoin / Bitcoins / Crypto Currency

Stupidity sometimes pays in that case.

http://www.investorguide.com/article/12525/what-is-the-difference-between-gambling-and-investing/

tl/dr

I assume the conclusion is that investment facilitates broader economic activity, whilst gambling does not.

^^ free food and drink?!?!
What can be more enjoyable than that?

Maybe in American casinos.

Well fuck those 5 bitcoins I brought for 3 quid each are now worth something D:

Find a buyer.

I'll give you £5 each for them..

I'll give you £1500 for two ;)

Well fuck those 5 bitcoins I brought for 3 quid each are now worth something D:

Could you lend me a USB stick? Don't worry about formatting it.

If only 4 of them weren't all circulating on btcjam , just sold one of them though

What is the current recommended method for purchasing a large amounts of bitcoin for speculation purposes?

Personal circumstances has lowered the opportunity cost risk that previously hindered me.

Currently I have a coinbase wallet and looking to purchase a single large amount through a service like
http://btc-dealer.com/
or
https://www.bitquick.co/

http://cryptojunky.com/blog/2013/12/01/signholder-receives-over-24000-in-bitcoin-after-qr-code-appears-on-espn/

so, shall I sell me btc and stock up on ltc?

What offline Wallets are people using?

I'm using multibit
https://multibit.org/

What is the current recommended method for purchasing a large amounts of bitcoin for speculation purposes?

Personal circumstances has lowered the opportunity cost risk that previously hindered me.

Currently I have a coinbase wallet and looking to purchase a single large amount through a service like
http://btc-dealer.com/
or
https://www.bitquick.co/

https://localbitcoins.com/

I think bitbargain are setup for UK.

Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.
http://www.garynorth.com/public/11828.cfm

vs.

http://www.democraticunderground.com/10024117349

Have we had this one yet;

http://blog.samaltman.com/thoughts-on-bitcoin

"The price of tulip bulbs has yet to recover from its 1637 peak."

^ seems about right

^^ I was watching wall st 2 last night and Gordon Gekko talks about the tulip bulbs. Made me think thats what could happen to bit coin….

Have we had this one yet;

http://blog.samaltman.com/thoughts-on-bitcoin

"The price of tulip bulbs has yet to recover from its 1637 peak."

Had it in April in the run up to $250 and subsequent crash <$100

https://localbitcoins.com/

Why do you recommend this method?
I can see the benefit to anonymity in paying in cash.
I would actually favour an auditable method when investing the majority of my estate.

Also how do you confirm the bitcoin are authentic before payment to a man in the street?

when investing the majority of my estate.

Srsly?

Bitcoin Cryptocurrency Crash Course with Andreas Antonopoulos - Jefferson Club Dinner Meetup - YouTube

Interesting. But he doesn't deal adequately with the challenge posed by the deflationary characteristics of the currency. The glib response of traders reducing prices is hardly a solution. Interest (and inflation) are central movers to investment and general circulation.

Good spot.

The debates around benefits/need for inflation of a money supply to encourage liquidity are ongoing and Bitcoin is effected more than others in that it can easily be destroyed by magnetic fields unlike gold and is irreversible unlike paper.

so in 2140 when all 21 million bitcoins are mined there will be less than that in circulation.
But I hope economic systems have improved on our current capitalist model by then.

He does a great job of explaining the technological basis & philosophy of Crypto-currencies (which I hope this thread will be renamed)

Bitcoin Cryptocurrency Crash Course with Andreas Antonopoulos - Jefferson Club Dinner Meetup - YouTube

Freudian slip 4:07
"In our day to day dr(ug)... interactions" :)
Seems a smart guy