Bitcoin

Funny you mention this...


http://www.nzherald.co.nz/entertainment/news/article.cfm?c_id=1501119&objectid=11183532

You see!? hahaha.

Of course, that initial spike took place in 2013.

Two ways to make real money "investing" in bitcoin:
1. You wait for a BIG crash (which could happen any day, really). To like... where the coin is worth 100 or 200 per coin. Then, put BIG MONEY into it. More than likely, it will come up dramatically at some point in the next year after that, at least a multiplier of 10. Turn 100 into 1000, or 1000 into 10000. This is basically gambling.
2. Do your normal bitcoin thing. I have like... .01 bitcoin "currently" invested. I paid like... 8 dollars for it though, and it's worth 70 or 80 something. If I add to that with various services, I could have 1 BTC at some point in there. I think that once markets open up more internationally (as it's meant to), the price of the coin will skyrocket. It could be worth 10,000 USD per 1 BTC easily. Then, I have a nice emergency fund for after I leave school.

I think it deserves a real chance to succeed. I accept payment for "little" services, like articles on elance and such with bitcoin. I wouldn't stake my income on it yet. It's not stable by any means.

That was mainly due to a surge in Chinese investment which has since passed when the bank of China forbade selling them.

They might still increase in value a little but that is because of speculation over whether they become internationally recognised as a viable currency and used more commonly.

Don't expect the sort of crazy crazy rises that you have already seen but it's certainly worth a shot if you want a go.

I'm still mad that I didn't invest in them the second I heard about it.

I predict that it will crash at some point. Like, go back to a 100-200 price per Bitcoin for a while.

Probably because fear, or because nothing new happens with it for a while.

Then, at some point, something good will happen, and it could skyrocket again.

Really, it's that simple. Maybe this happens; maybe it doesn't. I think people would be stupid to invest "right now" in the BTC. If you put 100 in hoping it'll be a million by the end of 2014, it probably won't happen. Like all investments, looking for undervalued products is the name of the game when it comes to buying. BTC is not undervalued right now, I don't think. At least for the market it is in.

After looking further into it last night, I do think I'd like to try to create an altcoin of my own, just because this sort of social science has always fascinated me. And, because, who doesn't want their face on a "bill"? lol

Oh! So, tell me more about that process. How do you get "money" out of it, if you do get money out of it.

I think, if you were to make one your own, you should look into creating one that could be specific. A niche market coin. Dogecoin has been (ugh) MILDLY successful on Reddit because of its userbase. Litecoin has been pretty successful because of its mining benefits. Niches work, and they're the only thing that can compete at ALL with Bitcoin.

The kind of application that I think has the most merit, honestly, is in instances like theme parks and living history museums, religious organizations, or the like.

I used to have a dream in high school of opening a year-round, pseudo-medieval, SCA-style town--that way I could have a place to live with people who shared my interests, and (without giving up modern technological luxuries like the interbutts) keep certain kinds of crafts and trades alive. In such a hamlet, at each gate there would be a moneychanger, selling coinlike tokens for cash and back again, to help with the immersive feel. They could become collectors' items, too, should they wish, because they'd have no value anywhere outside of the boundary of my little live-in museum.

Replace the coin concept with an altcoin, throw up a website that sells merch (only in your altcoin) to help you maintain things, and utilize "paper wallets" and something similar to the physical Bitcoin ( which is now under fire, apparently ), and you've got a really interesting micro-economy that can be used as a point of study as well as a point of transaction. The organization, whatever it be, could mine its own "coin", and exchange them in much the same way one buys/sells bit-, lite-, feather-, and dogecoin. That way, they set their own exchange rates, deal with wallets the way they want, and (since the altcoin is useless anywhere outside of their very specific market, or a group of allied marketplaces under some kind of trade agreement) are in complete control of the value and usability of their coinage.

Just a thought.

I have never heard about this until this thread was started (thax Connor) so I started looking into it and asking questions.
I have found several places that trade the Bitcoin on the markets… if one was clever enough to have gotten in on or before July of last year they would be in a position to pull a nice profit. Looking back at the 8 year history and compiling data in conjuncture with current events it appears that China being ordered to stop the use of the Bitcoin has spurred growth by way of the global media and the value of the Bitcoin has increased exponentially since.
There appears to be stabilization around the current margins which could lead to a momentary decline in value. But without a longer history to build overlapping time charts with it is impossible to determine if its value against current world standards promises to increase or decrease.



A gambling man may purchase a small denomination, watch direction and either increase investments or double his sell of vestment and take gains at another low buy purchasing out promised sell.

I like poker.

I am not a financial advisor nor should anything I say be taken as financial advice. All finances should be talked over with a professional financial planner.

Wescli Wardest wrote: A gambling man may purchase a small denomination, watch direction and either increase investments or double his sell of vestment and take gains at another low buy purchasing out promised sell.

I like poker.

Come on bitcoin!!! I want lavish expensive ice sculptures of giant pink swans at the wedding...

:silly: :woohoo: