Please explain the bitcoin phenomena - GoFuckYourself.com

duk75 · 04-10-2013, 01:29 AM

I know what bitcoin is. What I don't understand is why is it increasing its value, where is exactly the increasing demand? Or where is exactly the scarcity?

And, who buy those things? How can it be used?

And, how is it that many people here have so many bitcoins? I mean, I did not know many adult companies that pay affiliates with bitcoins, or users that pay with bitcoins, or anything.

AdultKing · 04-10-2013, 01:34 AM

Bubble.

8char.

NiXXiN · 04-10-2013, 01:36 AM

"hey i heard this thing called bitcoin is increasing in value" "yup" "so if i buy a bitcoin today the price may rise tomorrow?" "yup" "im in"

pimpmaster9000 · 04-10-2013, 01:48 AM

shiny object syndrome + greed = bitcoins

makes the brain shut down for some

its pure money laundering but it seems to not concern anybody...

jscott · 04-10-2013, 03:22 AM

comments from the people that couldn't catch the boat lol

lezinterracial · 04-10-2013, 03:48 AM

People want them. People go after them. Just like gold. Just like ammo. Everybody else is doing it, everybody else jumps in.

Cyprus taking money is scaring the crap out of people. US Fed and Bank Of Japan driving interest rates down to zero forever isn't helping.

I'm ahead of the game, Buying on the dip. I've got everything in Beanie Babies and Tickle Me Elmos.

Google Expert · 04-10-2013, 04:09 AM

Quote:

Originally Posted by duk75

I know what bitcoin is. What I don't understand is why is it increasing its value, where is exactly the increasing demand?

Artificial hype in every mass media source.

"If it's on TV it must be good!"
\

spiederman · 04-10-2013, 05:02 AM

all aboard!!!

Scat in the Hat · 04-10-2013, 05:21 AM

I don't know too much about it, but just like any other system it can be exploited for profit by those who are savvy with it.

I don't see the payoff worth of the effort for myself personally. For those of you getting your panties in a bunch about the rising "value" of bitcoins, don't count your chips until you leave the table.

spiederman · 04-10-2013, 05:26 AM

Quote:

Originally Posted by Scat in the Hat

I don't know too much about it, but just like any other system it can be exploited for profit by those who are savvy with it.

I don't see the payoff worth of the effort for myself personally. For those of you getting your panties in a bunch about the rising "value" of bitcoins, don't count your chips until you leave the table.

step 1: buy bitcoins @ $xx
step 2: watch the value increase to $xxx
step 3: sell off initiall investment
???????
step 4: profit

dyna mo · 04-10-2013, 05:31 AM

Quote:

Originally Posted by Scat in the Hat

I don't know too much about it, but just like any other system it can be exploited for profit by those who are savvy with it.

I don't see the payoff worth of the effort for myself personally. For those of you getting your panties in a bunch about the rising "value" of bitcoins, don't count your chips until you leave the table.

you don't know much about it, can't see a payoff, yet feel the need to give the btc panties in a bunch crew investment advice on it all.

got it.

grumpy · 04-10-2013, 05:42 AM

once we had the tulip o mania, nobody remember that?

http://www.thetulipomania.com/

bitcoins from 1640

spiederman · 04-10-2013, 05:49 AM

Quote:

Originally Posted by grumpy

once we had the tulip o mania, nobody remember that?

http://www.thetulipomania.com/

bitcoins from 1640

duk75 · 04-10-2013, 11:56 AM

Quote:

Originally Posted by spiederman

What the hell is that guy doing?

CIVMatt · 04-10-2013, 12:06 PM

seeandsee · 04-10-2013, 12:07 PM

Quote:

Originally Posted by grumpy

once we had the tulip o mania, nobody remember that?

http://www.thetulipomania.com/

bitcoins from 1640

I referred to that shit days ago

NiXXiN · 04-11-2013, 06:05 PM

just be careful man

04-10-2013, 01:29 AM	#1
duk75 Confirmed User Industry Role: Join Date: Feb 2012 Posts: 741	Please explain the bitcoin phenomena I know what bitcoin is. What I don't understand is why is it increasing its value, where is exactly the increasing demand? Or where is exactly the scarcity? And, who buy those things? How can it be used? And, how is it that many people here have so many bitcoins? I mean, I did not know many adult companies that pay affiliates with bitcoins, or users that pay with bitcoins, or anything.

04-10-2013, 01:36 AM	#3
NiXXiN Confirmed User Industry Role: Join Date: Apr 2012 Location: Canada Posts: 470	"hey i heard this thing called bitcoin is increasing in value" "yup" "so if i buy a bitcoin today the price may rise tomorrow?" "yup" "im in" __________________ _______________________________________________ Onliance Resident Ginger \| RBC Member \| AppDev. Irc.Rizon.net #GFY

04-10-2013, 03:48 AM	#6
lezinterracial Confirmed User Industry Role: Join Date: Jul 2012 Posts: 3,071	People want them. People go after them. Just like gold. Just like ammo. Everybody else is doing it, everybody else jumps in. Cyprus taking money is scaring the crap out of people. US Fed and Bank Of Japan driving interest rates down to zero forever isn't helping. I'm ahead of the game, Buying on the dip. I've got everything in Beanie Babies and Tickle Me Elmos. __________________ Live Sex Shows

04-10-2013, 05:02 AM	#8
spiederman Confirmed User Industry Role: Join Date: Nov 2012 Posts: 1,216	all aboard!!! __________________ xcams-partners: up to €200 PPS\|crakrevenue: Promote MyFreecams @ crakrevenue\|Plugrush: Buy and sell your traffic icq# 610-522-509 <---- dont add me for crap i DON'T ask for isliveHD\| Latex tube\|Androidcams\|ipadcams

04-10-2013, 05:21 AM	#9
Scat in the Hat Confirmed User Join Date: May 2004 Posts: 222	I don't know too much about it, but just like any other system it can be exploited for profit by those who are savvy with it. I don't see the payoff worth of the effort for myself personally. For those of you getting your panties in a bunch about the rising "value" of bitcoins, don't count your chips until you leave the table. __________________

04-10-2013, 01:34 AM	#2
AdultKing Raise Your Weapon Industry Role: Join Date: Jun 2003 Location: Outback Australia Posts: 15,601	Bubble. 8char.

04-10-2013, 01:48 AM	#4
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	shiny object syndrome + greed = bitcoins makes the brain shut down for some its pure money laundering but it seems to not concern anybody...

04-10-2013, 03:22 AM	#5
jscott So Fucking Banned Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 25,198	comments from the people that couldn't catch the boat lol

04-10-2013, 05:42 AM	#12
grumpy Too lazy to set a custom title Join Date: Jan 2002 Location: Holland Posts: 9,870	once we had the tulip o mania, nobody remember that? http://www.thetulipomania.com/ bitcoins from 1640 __________________ Don't let greediness blur your vision \| You gotta let some shit slide icq - 441-456-888

04-10-2013, 12:06 PM	#15
CIVMatt Amateur Pimpin Industry Role: Join Date: Aug 2004 Location: Orlando, FL Posts: 13,075	__________________ Make easy money with Webcams

04-11-2013, 06:05 PM	#17
NiXXiN Confirmed User Industry Role: Join Date: Apr 2012 Location: Canada Posts: 470	just be careful man __________________ _______________________________________________ Onliance Resident Ginger \| RBC Member \| AppDev. Irc.Rizon.net #GFY