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Now might be a good time to invest in bitcoins.

Discussion in 'BlackHat Lounge' started by WorkHardL0veLife, Feb 9, 2013.

  1. WorkHardL0veLife

    WorkHardL0veLife Regular Member

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    Looks like WordPress will now be accepting BitCoins making this the first mainstream service provider to accept this form of currency.
    I think the value will only go up from here, and in the last month bitcoin value has gone up from about 16.00 per coin to 21.00 thats a huge ROI.
    I think its worth checking out.
    :beach2:
     
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    Last edited by a moderator: May 18, 2016
  2. back2form

    back2form Jr. VIP Jr. VIP Premium Member

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    girl looks good :)
    girl speaks good :)


    But, i don't think this will be good time investment :)

    Thanks,
    Bart
     
  3. WorkHardL0veLife

    WorkHardL0veLife Regular Member

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    Time will tell ^_^
     
  4. IAMAZEME

    IAMAZEME Jr. VIP Jr. VIP Premium Member

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    i remember when botcoins were going for 6$ a pop! damn it
     
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  5. nipunn12

    nipunn12 Regular Member

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    Bitcoins should go up to 50 dollars and then get banned due to increase in illegal activity.
     
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  6. WorkHardL0veLife

    WorkHardL0veLife Regular Member

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    Even if it does get banned those invested in it will still get payouts.
     
  7. RantinRave

    RantinRave Registered Member

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    Happy about: There finally being a bitcoin forum on BHW
    Not happy about: Lack of knowledge/semi-trollin' alot of BHW'z have.

    Like anybody I've been able to make some solid money with these things. I got involved (started buying) I would say around 10 bucks a piece. Since then it's when up and down ... I just keep an eye on it and sell when it goes up. Bitcoins are AWESOME there's always looking somebody to buy and always looking somebody to sell. Issues are obviously the scam factor, perception that they are only used for drugs (lol), and everybody is always trying to make a couple cents with charging a vig when selling.

    But yeah gox last price is 23.54 now. That's up like 10 bucks from a month ago. lol.
     
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  8. back2form

    back2form Jr. VIP Jr. VIP Premium Member

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    I guess this thread was just posted to give information about bitcoins.. But, Now This seems OP trying to promote or recommending us for bitcoins :yield: If am right!


    Thanks,
    Bart



     
  9. WorkHardL0veLife

    WorkHardL0veLife Regular Member

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    Are you high? I'm just stating even if bitcoin was to get banned as it was stated above those invested wouldn't have anything to lose. How is that recommending anything i'm just adding to the conversation.

    Thanks,
    Kevin.
     
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  10. Chizz

    Chizz Junior Member

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    Elaborate please... Who is backing the "Bitcoin"?
     
  11. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Same thing that backs any non-commodity currency - faith.
     
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  12. OOIOO

    OOIOO Registered Member

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    I gave it a shot before the bubble burst. When it burst, I split and that was a big mistake. I never looked at bitcoin as a long term investment and it came back to bite me in the ass.
     
  13. HatIsBlack

    HatIsBlack Regular Member

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    Right now the market for bitcoin is going up. However with the last happenings on the market for mining bitcoins (asic Machines). when theese Machines hit the market on a bigger scale then just a few demo ex i Think bitcoin will drop alot or atleast get a very unstable market. Oh.. ofc some will disagree with me.
     
  14. Chizz

    Chizz Junior Member

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    Correct. I'm interested though why OP thinks that there is no risk, and if it gets banned money is returned?
     
  15. evilclown

    evilclown Senior Member

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    Bitcoins is a concept that needs reviewing. There is kids with more riggs for mining than good quality data centers for business. I think one kids was raid because the police tough he was cultivating weed because of the Kw he was consuming, something similar to a weed farmer.

    The computing process and calculations to get 1 coin now days is redonkulous.
     
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  16. zebrahat

    zebrahat Elite Member

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    My understanding is that the bitcoin open source software has built-in aspects that control the total amount of BTC that can be generated, no matter how much of it is mined. So the basic value of BTC will remain stable.

    The basic dynamic driving its value are the intangible assets of privacy, decentralization, and independence from government or estabihment banking systems. There is a demand in the market for a financial instrument that is not subject to third party institutional controls, tracking, or seizure. So the more the feds and globalists try to 'crack down' on bitcoins, the more valuable they will make them.
     
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  17. mwgllc

    mwgllc Registered Member

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    You just need to worry about pissing off the US government. They don't like people that aren't under their control. If Bitcoin gets popular enough, they'll make it illegal and other countries will follow along.

    /conspiracytheory
     
  18. madoctopus

    madoctopus Supreme Member

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    or you could just mine dollars and euros. is easier, faster and more reliable and everybody accepts it.

    Joke: What's the similarity between Visa and pussy? Both are accepted as a form of payment throughout most of the world.
     
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  19. zebrahat

    zebrahat Elite Member

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    That's just it. HOW are they going to enforce laws prohibiting peer to peer financial transactions operating through open source software? There's no third party to penalize or raid as a "money service business," no web site to shut down, no organization to freeze the assets of, no central server to disable, etc. The only thing the jackboots can accomplish is to draw more attention to BTC as a fully private and independent system that can't be shut down. Freedom is now Skynet.
     
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  20. ShadeDream

    ShadeDream Elite Member

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    The real question here is, what is all of this computational power used for when it comes to mining bitcoins? lol