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omen666
Quads


Joined: 08 Aug 2005
Posts: 2026
Location: London

PostPosted: Wed Apr 10, 2013 1:10 pm
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Seb wrote:
The time to buy was when it became obvious they couldn't shut down The Silk Road. The time to sell is when Mark S buys, obv.
Spot on Seb, on both accounts
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Mark S.
Full House


Joined: 13 Oct 2005
Posts: 1428

PostPosted: Thu Apr 11, 2013 9:16 am
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So...the fun starts...

Apparently some diamiond geezer gave away $13M worth of Bitcoins on Reddit.

Everyone then **** themselves...

http://www.guardian.co.uk/technology/...w-high-losing-160

Cool
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Uibhist a tuath
Straight


Joined: 22 Aug 2010
Posts: 203
Location: Glasgow, UK

PostPosted: Thu Apr 11, 2013 10:10 am
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$13k not $13M.

Hardly a cause of the massive movements over the past couple of days, but who knows.
darrensprengers
Misclick


Joined: 10 Jul 2007
Posts: 7551

PostPosted: Thu Apr 11, 2013 10:18 am
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i find this so hysterical.

I will give you a piece of advice i wish someone had given me years ago. if you don't understand the economic process for dealing in currency and have to ask questions like "should i buy...?", "whats the best thing thing to buy?" etc you are pretty much guaranteed to lose all your capital investment. Not only are you clueless at any dealing you are undertaking you do not even have enough knowledge and skill to process any advice and conclude its worth.

Currency dealing is incredibly difficult, time consuming and costly. To add to that a broker and a currency that nearly all the ewalletts are hackable that support it means to invest in it is just monetary suicide.
Mark S.
Full House


Joined: 13 Oct 2005
Posts: 1428

PostPosted: Thu Apr 11, 2013 10:19 am
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Uibhist a tuath wrote:
$13k not $13M.

Hardly a cause of the massive movements over the past couple of days, but who knows.


Ah...well that makes a difference Smile Hardly woth a mention then...I mistook the decimal point for a comma...

Over the day, Bitcoinbillionaire gave out 11 tips, some of which were thousands of dollars. By Business Insider's calculation, he or she gave away $13,627.69896 worth of Bitcoins.
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Mark S. - Read all about my 'live' poker exploits and other ramblings:
http://ukpokerukpoker.blogspot.com/ or
http://ukpoker61.blogspot.com/

**New** http://ukpoker-vendeep1.blogspot.com
darrensprengers
Misclick


Joined: 10 Jul 2007
Posts: 7551

PostPosted: Thu Apr 11, 2013 10:21 am
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Mark S. wrote:
Uibhist a tuath wrote:
$13k not $13M.

Hardly a cause of the massive movements over the past couple of days, but who knows.


Ah...well that makes a difference Smile Hardly woth a mention then...I mistook the decimal point for a comma...

Over the day, Bitcoinbillionaire gave out 11 tips, some of which were thousands of dollars. By Business Insider's calculation, he or she gave away $13,627.69896 worth of Bitcoins.


if you do not understand why somebody would do this please, for gods sake, do not invest in currency.
beded
One Pair


Joined: 07 Feb 2009
Posts: 42

PostPosted: Thu Apr 11, 2013 11:30 am
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darrensprengers wrote:
Mark S. wrote:
Uibhist a tuath wrote:
$13k not $13M.

Hardly a cause of the massive movements over the past couple of days, but who knows.


Ah...well that makes a difference Smile Hardly woth a mention then...I mistook the decimal point for a comma...

Over the day, Bitcoinbillionaire gave out 11 tips, some of which were thousands of dollars. By Business Insider's calculation, he or she gave away $13,627.69896 worth of Bitcoins.


if you do not understand why somebody would do this please, for gods sake, do not invest in currency.


I do not know why they would do this, it sounds like you do. Please tell me why.
darrensprengers
Misclick


Joined: 10 Jul 2007
Posts: 7551

PostPosted: Thu Apr 11, 2013 12:49 pm
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beded wrote:
darrensprengers wrote:
Mark S. wrote:
Uibhist a tuath wrote:
$13k not $13M.

Hardly a cause of the massive movements over the past couple of days, but who knows.


Ah...well that makes a difference Smile Hardly woth a mention then...I mistook the decimal point for a comma...

Over the day, Bitcoinbillionaire gave out 11 tips, some of which were thousands of dollars. By Business Insider's calculation, he or she gave away $13,627.69896 worth of Bitcoins.


if you do not understand why somebody would do this please, for gods sake, do not invest in currency.


I do not know why they would do this, it sounds like you do. Please tell me why.


i don't know for sure but i would say based on pure conjecture that he/she obtained a lot of stock at very low price as an early investor. This gift could be construed as fairly minimal "investment" looking to get, i am assuming its a derivative, some media attention to drive the price back up. The massive end of day drop would lead me believe that a lot of the serious investors had decided to sell at the perceived cap.

it just seems a pretty obvious attempt to keep bitcoins in the media and generate stories that have multiple legs to keep stories appearing. Keeping visibility of the commodity to the random investor is key.

I have to confess i never made a penny from currency dealing and was in fact considerably down.
Mike31115
High Card


Joined: 15 Sep 2012
Posts: 1

PostPosted: Thu Apr 11, 2013 1:54 pm
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Like any good Ponzi scheme/ pyramid scheme , some people will make money if they in and out quick enough. Don't be the last one out though cos they'll be worth NOTHING. People who think this has anything to do with regular currency trading clearly don't know what they're doing and will get burned.
ryanpb
Full House


Joined: 11 Oct 2005
Posts: 1500

PostPosted: Thu Apr 11, 2013 2:48 pm
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If you want to invest in something you need to become a palladium elite baby!

http://www.thegoldbullion.co.uk/buy-p...-kg-palladium-bar

Stash a few of these away and you have a nice little pension plan, the price stays stable long term, no tax and neither you nor your bank will blow the money

Play money or brit-whatever won't get the job done Wink
Mark S.
Full House


Joined: 13 Oct 2005
Posts: 1428

PostPosted: Thu Apr 18, 2013 12:42 pm
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Gonna start buying bitcoins monthly from May 1st... with a value of 333 ($500) as a single purchase.

Target value = $10000

I'll offer a prize of $100 (into your PS or FT account) as to what date my bitcoin collection will be worth the $10k.

Competition closes on April 30th.

I'll update this thread on a regular basis as and when I buy each block of coins.

Good luck!!

Mr. Green
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Captain Pedro
One Pair


Joined: 24 Mar 2012
Posts: 46

PostPosted: Thu Apr 18, 2013 1:05 pm
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January 5th 2015
darrensprengers
Misclick


Joined: 10 Jul 2007
Posts: 7551

PostPosted: Thu Apr 18, 2013 1:10 pm
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u r buying 1 bit coin and you want us to guess when that one coin will be worth 10k?
Mark S.
Full House


Joined: 13 Oct 2005
Posts: 1428

PostPosted: Thu Apr 18, 2013 1:17 pm
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darrensprengers wrote:
u r buying 1 bit coin and you want us to guess when that one coin will be worth 10k?


No...I'm buying $500 worth of Bitcoins a month from May 1st....then monthly thereafter.

When do you think they'll be worth $10000???

Question Question Question Question Question
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Mark S. - Read all about my 'live' poker exploits and other ramblings:
http://ukpokerukpoker.blogspot.com/ or
http://ukpoker61.blogspot.com/

**New** http://ukpoker-vendeep1.blogspot.com
Alex B
Straight Flush


Joined: 25 Apr 2005
Posts: 2856
Location: London

PostPosted: Thu Apr 18, 2013 1:22 pm
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30 months
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