It is nice to see these old thread and see what people thought back in the day, for me it is difficult to imagine a time where bitcoin was only worth 10 dollars but I know that is true, also it is incredible how right the OP was about prices I hope he still holds his bitcoins and keeps getting richer thanks to it.
Give it time. It will be worth $10 again. LOL! I guess it would not be possible again, we will not see another big downfall because bitcoin has matured through time and more and more people are accustom with bitcoin which is hard to imagine the opposite result of success. I agree that we will not be able to see that big dump on the price because bitcoin is getting more even stronger now and the price is always going up and that is the sign that bitcoin is now unstoppable and it can't be that easy for bitcoin to be dump because it needs a lot of money and bitcoins to do that and no one will ever do that because everyone always want profit. Never assume anything. I thought it couldn't happen too when the bubble popped all the way down to $2. I'm hoping all of the big block-small block bullshit causes a massive crash and we can buy back in cheap and do it all over again. It would also be nice if it was discovered that a couple of the Chinese exchanges were faking the price like MtGox was so we can do it all over again. If the price pushes too high only the dumbest traders will stay with Bitcoin. Remember, if you invest $100,000 in Bitcoin and the price is $10 it only needs to rise to $20 to double your money to $200,000. If you invest $100,000 in Bitcoin and the price is $5000 it needs to go to $10,000 to double your money to $200,000. If you were an investor, which playing field would you rather buy in on? You are simply wet dreaming about btc going to $10 again... There are far too many eyes on btc now to get anywhere near that.... The way things are going, litecoin might not even go back to $10 never mind Bitcoin.. Sure, but isn't it a nice dream. Wouldn't you like to do it all over again? yes ,indeed ,not many people from the early days are still around here like us lol it would be nice not only for the extra cash but for the nostalgic rollercoaster ride i bought my first btc's around $3 and i bought more and more until they hit like $10 i would love to do it all it all again but i think LTC is our best chance to go through simlar patterns of adoption and gains ......... It would have taken some guts to hold your coins all the way through the bumpy ride for so many years. It is not likely indeed that there are many of the early miners/buyers left, but those that did are probably not to chatty about it  Better to hide yourself and your wealth than to brag about it and become a target. Nah, it didn't take guts. I'd love to pretend I had some kind of super mad investing skillz that let me see the future, but that's not true. I started mining Graet's pool, ozcoin just before the big run up to $15. I was so butthurt when it crashed to $2 but I kept mining because I already had the GPUs. Back then there wasn't really anywhere to spend your coin. I bought an Amazon gift card from Jeremy at spendbitcoins once but I didn't really need or want anything they sold then. I was always skeptical of using an exchange named after a trading card game (MtGox) and they were the only show in town. So, if you can't spend them and you're afraid to give all your personal info to an overseas company the only thing left is sit on them. Then you see the exchange rate start to rise except it doesn't stop at $15, it just keeps going. Well, now you're afraid to ever sell them because you don't know where it will end. You just need to hold until you really need the money (which I don't), cash out, give the government their cut of the loot and spend your profit. So you see, it's not mad skillz, it's dumb luck. LOL I worry more about living in a decent home with a nice car and desperate poor people all over the place than I worry about someone knowing how much btc I have. I've been mugged twice in my life and had my car stolen once (carjacked). I live in a huge metro area and I was traveling through a place I shouldn't have been. You could say that every time I've been robbed it was my fault. I'm much more worried about people taking my fiat away than my btc. There's really nothing to brag about. I saw the Galker and Slashdot articles about the new money. Read a few reprints of the cypherpunks mailing list about the new invention and thought it had promise. Started mining and the above happened. Hard to really brag about being a lucky motherfucker. LOL |
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Meh, they don't need to have proof of anything to give negative trust. I have done nothing to anyone, never traded, never sold anything, never been involved in any trading thread, so no proof can be found but I got a negative trust. It's proof that the system is meaningless. It can be gamed in both directions. I don't trust the positive reviews either.
You are quite the liar aren't you. https://bitcointalk.org/index.php?topic=1862633.msg18522895#msg18522895You're a dumbass. Your link goes to nothing that proves anything. I guess your incredibly small penis makes you do this to compensate. You have proven nothing. I don't use trust here dumbass so what you're doing is like your penis, pointless. |
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What a great idea. This is going to be the next big thing in currency.
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Satoshi reveals himself - Bitcoin suffers.
I've always thought otherwise, like don't you think only Satoshi can solve the current debates about BTCBTCBTC's own future? Obviously the person would have the biggest weight on the issues. Satoshi wouldn't even know what Bitcoin is now. He wouldn't recognize it. It's been changed so much and stands to be forked again soon. If he were alive he would probably make a new coin closer to his vision and make it impossible to use sidechains with the new coin. |
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Satoshi reveals himself - Bitcoin suffers.  |
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But the owners of Bitfinex are already known and their names were mentioned quite a few times. The hack of last year already made them targets for lawsuits from Bitfinex traders but none of them followed through. There was a funny thread with pictures of the owners on a yacht "going to the Bahamas".  Oh my god, that is too funny. It's amazing how they taunt us with the wealth they stole from us. |
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Looks like their website and eclipsemc have finally shuttered.
I wonder what those cunts have been up to lately. Have any been able to find gainful employment ? Finding ways of living off the spoils of their hidden Bitcoin stashes ?
Josh Zerlan still works at iFly according to his LinkedIn account: https://www.linkedin.com/in/josh-zerlan-a4140478/Why don't you just call him and ask how the gangs doing or I can do it if you're worried about doing it. Just don't be rude, obnoxious or threatening. Say something that will scare him like, "Hi Inaba, it's me Cocksucker, or am I Motherfucker, I get confused you've called me both. I was just wondering what you and the BFL gang are up to now that the case is closed. I hope you're enjoying my btc. We miss you on Bitcointalk." Then just hang up. That should drive him nuts. He'll run around iFLY calling all the children "Cocksucker". LOL iFLY Kansas City 10975 Metcalf Avenue Overland Park,Kansas (913) 305-4359 |
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I guess recovering from a big hack is really hard to do
maybe they've loan a big debt in some bank but didn't manage to repay it?
Blocking the deposits is the proof.
Where ever they got the money from to cover the hacked funds, they will need to repay it and they are now millions in the hole. The easiest way for them to solve their problem is to Gox their way out. Are the owners of Bitfinex capable of doing such a thing? Mark Karpeles was. The owner of Cryptsy was. Of course their capable. Do you think these unknown people running an exchange in Hong Kong are somehow more honorable than a French scammer that ran from his home country to Japan to run an exchange? I do not mean overall but only in this instance. I believe all people are capable but it depends whether they have reached a tipping point. By the way Bitfinex got the funds from a Bitcoin crowdfunding platform called Bnktothefuture in exchange for 25% equity of the company. But the terms are not shown to the public. If there is someone out there who can explain, please do. Really? Now that's an interesting piece of info. Where did you find that out? If there's an ownership investor out there somewhere that means there's someone that can be sued if they can be identified. |
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if those rich sulthan or sheikh decided to invest in bitcoin then good for the bitcoin ecosystem. Otherwise, bitcoin is already doing fine as of the moment but if Middle East want's to join the fun, the better for us. i kind of get the impression everyone else is sitting around doing nothing being given oil money, but maybe not a great deal of it.
Why would a rich Saudi oil sheikh want to use bitcoin? They own a country for christs sake. Are they going to use bitcoin to overthrow themselves and the banks they own. ROFL Here's the Saudi Bitcoiners: A few kilometres from the blinged-out shopping malls of Saudi Arabia's capital, Souad al-Shamir lives in a concrete house on a trash-strewn alley. She has no job, no money, five children under 14 and an unemployed husband who is laid up with chronic heart problems.
"We are at the bottom," she said, sobbing hard behind a black veil that left only her eyes visible. "My kids are crying and I can't provide for them."
Millions of Saudis struggle on the fringes of one of the world's most powerful economies, where jobs and welfare programmes have failed to keep pace with a population that has soared from 6 million in 1970 to 28 million today.  |
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I guess recovering from a big hack is really hard to do
maybe they've loan a big debt in some bank but didn't manage to repay it?
Blocking the deposits is the proof.
Where ever they got the money from to cover the hacked funds, they will need to repay it and they are now millions in the hole. The easiest way for them to solve their problem is to Gox their way out. Are the owners of Bitfinex capable of doing such a thing? Mark Karpeles was. The owner of Cryptsy was. Of course their capable. Do you think these unknown people running an exchange in Hong Kong are somehow more honorable than a French scammer that ran from his home country to Japan to run an exchange? |
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ah-hah! so u r "newt343" eh? i see it on the beach down there. thnx. but i only see 1. is the other downtown (just south of Presidio)? {what is a 'fidi gem'}. lol. nice work. but these bitcoin questons r killing me. thanks. i'll give 'em 'nother try.  GBY shivad Yes, you must have found it. One is at Lincoln and has directions to the other downtown. Congrats! |
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Hey guys, new to geo-cacheing for bitcoin. visiting a few places in CA (yep, as the x-governor would say Cal-leaf-forn-ya) where i can find the coins relativeyl easy, but the questions don't seem related to the location. i.e. i get into one residential street, pure houses, and the question is: "what company would you buy from here?".  tried everything, street names, numbers, couldn't pick up the coins. same for a bunch of others. any suggestions? thanks shivad I'm the OP of this thread (changed my nick years ago). Back when I started this thread I put some btc in a geocache in San Francisco's Lincoln Park. They were never recovered. I'll give you a big hint to finding them. Standing at the geocache you can see the golf course clubhouse, the Legion of Honor and the Golden Gate Bridge. As far as I can tell it's the only geocache in the park where you can see all three from one spot. Good luck BTW: I put them there when btc wasn't worth as much. There are two whole coins in that cache. |
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It is nice to see these old thread and see what people thought back in the day, for me it is difficult to imagine a time where bitcoin was only worth 10 dollars but I know that is true, also it is incredible how right the OP was about prices I hope he still holds his bitcoins and keeps getting richer thanks to it.
Give it time. It will be worth $10 again. LOL! I guess it would not be possible again, we will not see another big downfall because bitcoin has matured through time and more and more people are accustom with bitcoin which is hard to imagine the opposite result of success. I agree that we will not be able to see that big dump on the price because bitcoin is getting more even stronger now and the price is always going up and that is the sign that bitcoin is now unstoppable and it can't be that easy for bitcoin to be dump because it needs a lot of money and bitcoins to do that and no one will ever do that because everyone always want profit. Never assume anything. I thought it couldn't happen too when the bubble popped all the way down to $2. I'm hoping all of the big block-small block bullshit causes a massive crash and we can buy back in cheap and do it all over again. It would also be nice if it was discovered that a couple of the Chinese exchanges were faking the price like MtGox was so we can do it all over again. If the price pushes too high only the dumbest traders will stay with Bitcoin. Remember, if you invest $100,000 in Bitcoin and the price is $10 it only needs to rise to $20 to double your money to $200,000. If you invest $100,000 in Bitcoin and the price is $5000 it needs to go to $10,000 to double your money to $200,000. If you were an investor, which playing field would you rather buy in on? You are simply wet dreaming about btc going to $10 again... There are far too many eyes on btc now to get anywhere near that.... The way things are going, litecoin might not even go back to $10 never mind Bitcoin.. Sure, but isn't it a nice dream. Wouldn't you like to do it all over again? |
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Kim loves Bitcoin  |
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If Litecoin goes from $10 to $20 it's no big deal except everyone holding Litecoin just doubled their money. If they invested $20,000 in Litecoin they now have $40,000.
In order for investors buying into Bitcoin today to double their money Bitcoin would need to jump to $3,000 each. How long is that going to take exactly?
Understand the excitement yet. LOL
same goes for almost every alt below the top two or three. Of course, that's why people screw around with them. Is for a quick profit. Bitcoin people don't have the luxury of being quick profit people because the price is already too high for that. Bitcoin people need to be long term hold people and sit on their btc for years and years. |
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If Litecoin goes from $10 to $20 it's no big deal except everyone holding Litecoin just doubled their money. If they invested $20,000 in Litecoin they now have $40,000.
In order for investors buying into Bitcoin today to double their money Bitcoin would need to jump to $3,000 each. How long is that going to take exactly?
Understand the excitement yet. LOL
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In some of the very old posts being discussed in this thread I saw some old posts by FreeMoney. Does anyone have any idea what happened to him? Since this is off topic you can respond to me in IM if you think that would be better.
Bryan narrowly avoided a class b felony 10 year prison sentence for running Seals with Clubs. Nevada gaming raided his house and confiscated his computers. After that he ran to Antigua with his wife and kid. He had to return to Nevada to live, pay a $25,000 fine and serve a probation term. If he breaks probation he will end up in jail. I expect he's still in Nevada serving out his probation. Edit: From what I've been told FreeMoney and Bryan Micon are not the same people. The above is not what happened to FreeMoney. |
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$30 billions is a big number and I hope that it will soon double in the 2017. As you can see, more and more people are learning and discovering what cryptocurrencies are and how good can it be. And I believe that 2017 will definitely be the year of crypto.
It's not $30 billion it's $20 billion. The OP can't count. Actually, he can. The $20 billion is only for Bitcoin, while the market cap of all cryptocurrencies put together is about $30 billion, and he was clearly referring to that ("the year of crypto" not "the year of Bitcoin"). No, he can't. He included shit like dogecoin, ripple, melon, bitcrystals, arcade token, ethereum. Those aren't cryptocurrency. Those are either pump and dump scam tools with no where to spend them, or big bank big business value transfer tokens. The only cryptocurrency on his list is Bitcoin and it has a market cap of $20 billion. I don't even know why you would mention market cap anyway. It's a stupid metric and tells you nothing but the price. You could say the same thing as: hey guys, there are over 16 million bitcoins and the price is $1,250 - yippee. |
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$30 billions is a big number and I hope that it will soon double in the 2017. As you can see, more and more people are learning and discovering what cryptocurrencies are and how good can it be. And I believe that 2017 will definitely be the year of crypto.
It's not $30 billion it's $20 billion. The OP can't count. |
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I spoke to a investment banker about Bitcoin a week ago and I mentioned Bitcoin's market Cap and he reckon that is like a drop in the Ocean compared to other industries and companies. Just as a comparison, I have listen the Market Cap for some of the big dogs for 2017 : * All market capitalization figures are in USD millions : This list is up to date as of March 31, 2017. Indicated changes in market value are relative to the previous quarter. Apple Inc - 753,718 Microsoft - 508,935 Amazon.com - 423,031 Facebook - 334,552 Wells Fargo - 278,516 Source : https://en.wikipedia.org/wiki/List_of_public_corporations_by_market_capitalizationMy argument : Bitcoin has only been around since 2009. ^smile^ Most large and mid sized companies have a market cap larger than bitcoin. As a worldwide currency it barely has any users. Example: Tesla is a small electric auto manufacturer that sells less than 50k cars a year and it has a market cap over $20 billion. |
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