$1000 bitcoin

S

schockergd

New member
Dec 11, 2008
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Circleville Ohio
$25 away from hitting $1000 equiv on btc china

Had the btc stock exchange not shut down I would have made around $3.2 million dollars with my real estate company.
 


Getting a little interested in this. Just talked to my wife about this and she asked me a question I cannot answer.

How can a Digital currency defend againts "hardcore" hackers where they can try and manipulate everyone's Bitcoins and put it to theirs or just put a gazillion bitcoins in their online wallets to degrade the value?
 
you would have to control over 50%+ of the hashing/mining power.

Thats very hard unless you're a government with unlimited resources or own a big botnet.

There are only 21mil bitcoins that are ever going to exist.
 
Be fearful when others are greedy, be greedy when other are fearful~rich motherfucker
 
What fresh bullshit is this that I was ready to buy at 500 this morning, Coinbase just happened to be down, and now it's sitting at 800. Fuck Coinbase.

Seeing as it shot up $200 in the past hour or so, I'm definitely not buying now.
 
do you think all the bitcoin threads on wf have anything to do with the surge in price
 
o hai guyz said:
What fresh bullshit is this that I was ready to buy at 500 this morning, Coinbase just happened to be down, and now it's sitting at 800. Fuck Coinbase.

Seeing as it shot up $200 in the past hour or so, I'm definitely not buying now.
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You'll regret it tomorrow, see you at $900+
 
o hai guyz said:
What fresh bullshit is this that I was ready to buy at 500 this morning, Coinbase just happened to be down, and now it's sitting at 800. Fuck Coinbase.

Seeing as it shot up $200 in the past hour or so, I'm definitely not buying now.
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It will prob hit a $1000 by tomm. You still have time for a quick flip. Just be very carefull. There is no way it's not hitting a 1000, more then likely will get shredded shortly after


***. Not investment advice. Follow it and you will probably lose money
 
dmnEPC said:
If it were me I would skip the $1000 and wait for it to get shredded in a few days.

Edit. The exchanges are going to wind up getting overwhelmed and you will get fucked on the way down.
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Looks like that's already happening. Coinbase said 800, refreshed it a minute later and it said 900, then the entire site crashed and now it's at 600. I'm going to watch it for awhile to see if it stabilizes at all, probably won't buy anymore if it's fluctuating so wildly.

Edit: In the time it took me to type this post, the price has dropped another 50
 
(O_o) said:
you would have to control over 50%+ of the hashing/mining power.

That's very hard unless you're a government with unlimited resources or own a big botnet.

There are only 21mil bitcoins that are ever going to exist.
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Well, not highly unlikely then. If the reward justifies the use of resources, why not??

You say, government and unlimited resources. It will fucking happen if that's the only thing stopping bitcoin from crashing or getting fucked up.

Just wait when gov becomes seriously threatened.

That being said, I still think it's a good game of speculation at the moment, as value varies wildly, day in day out. I don't see it as sustainable long term.
 
babylonian said:
Well, not highly unlikely then. If the reward justifies the use of resources, why not??

You say, government and unlimited resources. It will fucking happen if that's the only thing stopping bitcoin from crashing or getting fucked up.

Just wait when gov becomes seriously threatened.

That being said, I still think it's a good game of speculation at the moment, as value varies wildly, day in day out. I don't see it as sustainable long term.
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Its the long term that will provide the stability. This is like the gold rush. Fortunes will be made and lost over night. But in the long term (if .gov don't fuck with it) bitcoin will stabilize.
 
IMO I would be careful. Was watching CNN tonight and they were talking about how bitcoin is a bubble and I'm sure investors saw that as well.
 
What should I do with my bitcoins. Buy stuff online with them or sell them?
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