---The Bitcoin investing thread---

[Scoundrel]

Thinking about investing in some, maybe drop a few hundred. Its a loss i could handle. Ive got a few questions, and will rep for answers.

1. How does one go about acquiring them?

2. Does one just sit on them and hope they increase in value?

2. How does one cashout?

3. From what ive read their is no centralized backing, so what gives them their value, or insures i would/could be cashed out? Is it like the market, other buyers just buying them off you for the price?

4. Any brahs have any links?

[DixieFlatline]

Thinking about investing in some, maybe drop a few hundred. Its a loss i could handle. Ive got a few questions, and will rep for answers.

1. How does one go about acquiring them?

2. Does one just sit on them and hope they increase in value?

2. How does one cashout?

3. From what ive read their is no centralized backing, so what gives them their value, or insures i would/could be cashed out? Is it like the market, other buyers just buying them off you for the price?

4. Any brahs have any links?

Wikipedia has a good writeup. Its intersting, but I feel like it will just get cracked down on when the *******s in governments realize theyre being usurped

[Scoundrel]

Wikipedia has a good writeup. Its intersting, but I feel like it will just get cracked down on when the *******s in governments realize theyre being usurped

it just seems like with the dark net sh!T, deep web, etc, they cant do sh!t about it. I mean, they can shut the internet down, but lettuce be reality. Something is worth what somebody will pay for it, so the market is their with buyers and sellers. Even moreso with word out/getting out

[yLwoT]

Thinking about investing in some, maybe drop a few hundred. Its a loss i could handle. Ive got a few questions, and will rep for answers.

1. How does one go about acquiring them?

2. Does one just sit on them and hope they increase in value?

2. How does one cashout?

3. From what ive read their is no centralized backing, so what gives them their value, or insures i would/could be cashed out? Is it like the market, other buyers just buying them off you for the price?

4. Any brahs have any links?

bitcoin.org/ most shiz will be on their. (cant post links brah)

[Scoundrel]

it says their is approx 6.2 million bitcoins in existence, with an expected 21 million in the future. seems the market is growing, but does this mean the value of each one goes down? i dunno, kinda a risk i wanna take, the loss doesnt mean much to me as of now.

[kasperj]

they've grown so much seems like a good investment but i'm not sure how secure it is.

then again i missed out on gold. maybe i should take the chance.

[yLwoT]

it says their is approx 6.2 million bitcoins in existence, with an expected 21 million in the future. seems the market is growing, but does this mean the value of each one goes down? i dunno, kinda a risk i wanna take, the loss doesnt mean much to me as of now.

Tbh i wouldnt bother investing in this sorta ****. Youd be beter off trading proper currency or stocks.

[Scoundrel]

Tbh i wouldnt bother investing in this sorta ****. Youd be beter off trading proper currency or stocks.

im inclined to agree. atleast with stocks, options, commodities, etc its a calculated educated risk with research/knowledge.

This just seems like you are crossing your fingers and hoping lol. with that said, seems like its only gonna keep growing, especially in our digital age.

[sleet83]

http://www.quora.com/Is-the-cryptocu...r/Adam-Cohen-2

[Reecebrah]

The real question is, can I trade naked pictures of myself for bitcoins?

[joe--]

how are bitcoins created? how will the supply expand to 21mil?

[deadfingers]

http://www.weusecoins.com/

[ritz1024]

currency up by 200000% bitcoin.

from yahoo finance:

http://finance.yahoo.com/banking-bud...d=bb-budgeting

[ElvisC]

currently mining

[Scoundrel]

http://www.weusecoins.com/

how is the market for selling bitcoins? it seems pretty easy to buy them, but how do you sell them for cash (dont want to get stuff)

currency up by 200000% bitcoin.

from yahoo finance:

http://finance.yahoo.com/banking-bud...d=bb-budgeting

only seems natural that it will come down. seems kinda like investing, by the time you hear the news, its too late.

[Malakaibeats]

how is the market for selling bitcoins? it seems pretty easy to buy them, but how do you sell them for cash (dont want to get stuff)

You can probably sell them for paypal cash through one of the forums linked in the hidden wiki. (I'm just guessing, srs)

[Scoundrel]

You can probably sell them for paypal cash through one of the forums linked in the hidden wiki. (I'm just guessing, srs)

ya...i really dont think i want do any transactions through there lol. any info i give through there is too much info probably.

[iQQx]

is the deep web thread from yesterday still up?

nvm found it

[VTBrah]

You can probably sell them for paypal cash through one of the forums linked in the hidden wiki. (I'm just guessing, srs)

Here:

https://mtgox.com/trade/history

[deadfingers]

how is the market for selling bitcoins? it seems pretty easy to buy them, but how do you sell them for cash (dont want to get stuff)

I don't know man, watch the videos, it's pretty interesting. I remember seeing a screenshot on a wiki talking about how to convert bitcoins using VISA or something. I just had that site up since hearing about it, and wanted to know more about it so I bookmarked it.

[just t]

How are they protected? Any regulation?

[Malakaibeats]

ya...i really dont think i want do any transactions through there lol. any info i give through there is too much info probably.

I agree, but I think that's the risk people take to trade in a currency that can be used for very questionable purposes. I also doubt you're any safer trading bitcoins for cash on the 'surface web'.

[SoundnTheFury]

http://www.quora.com/Is-the-cryptocu...r/Adam-Cohen-2

this

[yaco78]

can someone aware me on what bitcoin mining is?

ive watched videos of youtubes with all these computers set up but i dont understand what they are doing. i read the wikipedia page and i dont understand it still. what are their computers doing that are creating something something with monetary value?

will rep a good reply on recharge

[Scoundrel]

this

as far as destroying the market, their is nothing we could do that the government isnt already doing better. brb, printin billions of unbacked dollars.


as far as their value, they(anything for that matter) is worth what somebody will pay for them. People are paying alot of bucks for them. The market is there.

[SoundnTheFury]

as far as destroying the market, their is nothing we could do that the government isnt already doing better. brb, printin billions of unbacked dollars.


as far as their value, they(anything for that matter) is worth what somebody will pay for them. People are paying alot of bucks for them. The market is there.

did you read the answer in the link?

[deadfingers]

I agree, but I think that's the risk people take to trade in a currency that can be used for very questionable purposes. I also doubt you're any safer trading bitcoins for cash on the 'surface web'.

lol, just because bitcoins are more commonly referenced with "deep web" doesn't mean it's bad. You can use money for anything, doesn't make it "suspect". Bitcoins is just electronic currency, and because it's so secure and can't be blocked or "frozen" by anyone, it's used for more "lucrative" ways of paying of things.

[AuDre11]

I think the 21 Million is the cap they set or something. I'm starting to invest right now in this shiz. Just waiting for Dwolla to verify my bank account

[deadfingers]

How are they protected? Any regulation?

They use an encryption algorithm, hence why you need to "mine them". Basically you're using your computer to "decrypt" the bit coins. When you mine them though, you're decrypting bitcoins in general for others to use, that's why "they" give you some in return for using your computer and time.

[muscle1012]

Is this the right thread to post about bitcoin