Bitcoin

Bitcoin

Seems like BTC is rising in price once again. Sold $50 worth of BTC a month ago, it's worth $100 now

Any thoughts on why this is happening and how long it will stay like this?

I don't give 2 cent about btc.

Originally Posted by Bryan

I don't give 2 cent about btc.

Btc is what gives poor people drugs, Be thankful

I don't really understand bitcoin. Anyone care to explain it to me without copy/pasting something?
I get it's a currency I don't understand the whole bitcoin mining thing.

Going to break $500 today? Holy shit...

Originally Posted by Schuba

I don't really understand bitcoin. Anyone care to explain it to me without copy/pasting something?
I get it's a currency I don't understand the whole bitcoin mining thing.

Heres the video that made me understand everything to do with BTC https://www.bitcoin m i n i n g .com/

Originally Posted by Itachi

Heres the video that made me understand everything to do with BTC https://www.bitcoin m i n i n g .com/

Is it profitable for an everyday person to mine bitcoin? Or is it more of something that numerous people with advanced computers would do?

God dam - coinbase didn't want to sell me bitcoins just a 2-3 weeks back when they were like $280 a piece D:

Originally Posted by Schuba

Is it profitable for an everyday person to mine bitcoin? Or is it more of something that numerous people with advanced computers would do?

Second thing. Wouldn't recommend mining with a regular computer, it's bad for the hardware too.

I don't like bitcoin much. The rate is kind of unstable.

Originally Posted by Schuba

I don't really understand bitcoin. Anyone care to explain it to me without copy/pasting something?
I get it's a currency I don't understand the whole bitcoin mining thing.

Bitcoin is a decentralized digital currency, It is used allot for the sale of illegal materials and services, like childporn guns drugs etc. more info

0 confirmations after 1 hour

The price is going up because of a higher demand compared to the supply, so probably a big deep web site is back up

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Originally Posted by Schuba

Is it profitable for an everyday person to mine bitcoin? Or is it more of something that numerous people with advanced computers would do?

its not worth it for average guy to do it the amount of equipment you need costs allot and it breaks rather quickly, if you are lucky enough to make a profit it won't be allot

Originally Posted by Schuba

I don't really understand bitcoin. Anyone care to explain it to me without copy/pasting something?
I get it's a currency I don't understand the whole bitcoin mining thing.

It's untrackable money so people use it for things you don't want anyone knowing about. It's also like a stock, it's price fluctuates by demand for it. (it was 1k then went to $180 when alot of "Deep Web" sites closed down, now it's back up to about 500.)

Originally Posted by KazuhiraM

Seems like BTC is rising in price once again. Sold $50 worth of BTC a month ago, it's worth $100 now

Any thoughts on why this is happening and how long it will stay like this?

Where did you sell yours at?

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