$1000 bitcoin

sennin436 said:
just to add.
seems at the current state of affairs, it's pretty anonymous to store or send/receive bitcoins to each other.

Purchasing stuff: problem is when you want to use it to purchase stuff, etc. Not exactly practical to use for payments since not that many vendors/businesses accept them. so it means converting it to cash.With vendors that do accept bitcoins as payment, there would be purchase records at their end and I think they're getting pressured to keep records of such purchases.

Exchanges: Same deal with exchanges. Records will be kept. If you transfer out cash/fiat to your bank acct, will large amts be reported or get noticed by the guvment? Some say it does. idk. So do you bite the bullet and pay the capital gains tax to play it safe? (just like you do with other commodities, investments, stock gains, etc)

Cash/bitcoin transactions: i hear the most anonymous way to be anonymous is to hook up locally thru localbitcoins, etc, and do cash transactions. But it's probably gonna be a pain in the arse for alot of folks to have to do this, not to mention cashing out a few thousand here, a few thousand there. Not gonna be 10k, 100k deals.
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Why not just buy 10k worth of target/walmart/amazon gift cards and then live off them?
 


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Crashing very hard. The chinese pumped it up earlier, now they just took it all back. $400 soon I guess
 
it's going to rally hard and fast watch. that's almost a 50% drop in less than 24 hours that's incredible
 
mikeshinobi said:
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If there's one thing bitcoin has taught me, it's that it seems that anytime I think I'm doing something right, I should have not done it, and anytime there's something I think I shouldn't do, I should have done it.
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Unarmed Gunman said:
If you guys really want the price to drop, you gotta talk me into buying. Guaranteed those bitches fall to $20 if I buy some.
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What if that $20 turns out to be the price of mBTC, not BTC :p
 
mikeshinobi said:
If there's one thing bitcoin has taught me, it's that it seems that anytime I think I'm doing something right, I should have not done it, and anytime there's something I think I shouldn't do, I should have done it.
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I hear ya. so far i've been lucky. looking at prices frequently and checking for any news (ggling 'bitcoin' or 'bitcoin china' for past 24hr, past 1 hr news. 'bitcoin china' is good since any breaking news that affects things there seems to lead to these crashes. going to a few bitcoin news sites that tend to stay on their toes for any breaking news).
 
so i purchased some from coinbase a couple of days ago, first time using it... funded from my bank account.

I was told the bitcoins would hit my account on monday. I purchased at around 1,100 and now the price seems to be falling.

Am I going to get boned on the price?

Or am I going to get more bitcoin for the amount of USD I contributed?

thanks guys, also boobs
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NJMarketer said:
I was told the bitcoins would hit my account on monday. I purchased at around 1,100 and now the price seems to be falling.

Am I going to get boned on the price?
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You'll be getting those bitcoins for 1100.

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^
Alright fuckers, whoever was looking for the cheaper pricepoint of $500-700, this is your chance to buy in...scared?


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