bitcoins & litecoins

[dansgotguns]

I want to get into. Been reading a bit about it and do not understand how to "mine" them. So Itried to just buy them, also not very easy. Thoughts?

 

[hoosierdoc]

https://www.indianagunowners.com/forums/break_room/286436-bitcoins_anyone_buying.html

We discussed those recently. What is your intention on owning a bit coin? Are you doing it as a hedge against the dollar?

 

[dansgotguns]

I want to invest in them. Im really curious about them.

 

[PistolBob]

I have hand drawn money I am willing to sell. Send me a PM if interested. I'll throw in one bag of magic beans with every purchase.

 

[dansgotguns]

I have hand drawn money I am willing to sell. Send me a PM if interested. I'll throw in one bag of magic beans with every purchase.

I see the sarcasm in your comment, but I dont joke when it cones to money and the bitcoin is worth around $130 soooo ya...

 

[Mgderf]

Pyramid scheme, and doomed to fail.

 

[PistolBob]

I see the sarcasm in your comment, but I dont joke when it cones to money and the bitcoin is worth around $130 soooo ya...

To who? Pretty soon they will run out of people to swindle...and anyone with a bitcoin will be holding the bag.

Better to sink your hard earned cash into ammo or a side of beef. At least then you KNOW what you got.

 

[jedi]

Pyramid scheme, and doomed to fail.

^This

 

[dansgotguns]

We'll see, like I said I was interested in people's thoughts. Thanks for your time.

 

[PistolBob]

We'll see, like I said I was interested in people's thoughts. Thanks for your time.

Hey man, it's your money...you need to spend it on what you think is best. Your return on Hoosier lottery tickets could be higher than bitcoins.

Until Kroger takes them in trade for bread, milk, and eggs....I just don't see the real value in the bitcoin.

 

[hoosierdoc]

It's not a pyramid scheme at all. They are controlled, limited, able to be traded for goods/services online, and can be sold. It's interesting, lets citizens control a currency without owning a country. Lots of good libertarian pieces here I believe. It's just new and won't be accepted by the masses.

Also very open to manipulation/hacking. The bitcoin was over $260 and then about $130 in a day or two with very massive peculiar trades.

 

[dansgotguns]

BOOM^^

 

[Mad Macs]

Just bumping this thread. Bitcoins and Litecoins have been on FIRE the past week. Well worth the initial investment of miners. Now for the fun of investing!

 

[tatic05]

Up to $900 for one now. I work in an It department and me and a co-worker decided with the 20-30 computers that are not in use, we will use them to mine 24/7 for bitcoins. If only we could....

 

[Mad Macs]

CPU mining of bitcoins is dead. If you want to GPU mine look at litecoins.

 

[Rehab]

I got into bitcoins when they were about 5$ and had around 50. Now there a grand each.

 

[Jludo]

I got into bitcoins when they were about 5$ and had around 50. Now there a grand each.

Wait so you're saying you still have the 50 bitcoins? If so that's pretty awesome

I used to mine them on my duel GPU's back when it was semi-practical to do. Obviously kicking myself for not actually buying any.

 

[Rehab]

Wait so you're saying you still have the 50 bitcoins? If so that's pretty awesome

I used to mine them on my duel GPU's back when it was semi-practical to do. Obviously kicking myself for not actually buying any.

No I had them. I wish I would have just let them sit there.

 

[Mad Macs]

No I had them. I wish I would have just let them sit there.

I have reached the same conclusion with Litecoins. They fluctuate in value too much to even sell/rebuy and make money on. I ended up losing about 25 coins doing this one day as I wasn't fast enough to rebuy before they increased in value past what I sold them for. So I'm leaving them alone and actively mining them as well.

 

[Trigger Time]

Mining? You tech geeks have me confused