Bitcoin, by ©hief' on Mar 29, 2013 14:33:22 GMT 1, Great for buying drugs on the internet

Bitcoin, by .dappy on Mar 29, 2013 17:45:40 GMT 1, At least Tulips are nice to look at ....

Enter the tulip. ''It is impossible to comprehend the tulip mania without
understanding just how different tulips were from every other flower known to
horticulturists in the 17th century,'' says Dash. ''The colors they exhibited
were more intense and more concentrated than those of ordinary plants.''
Despite the outlandish prices commanded by rare bulbs, ordinary tulips were
sold by the pound. Around 1630, however, a new type of tulip fancier appeared,
lured by tales of fat profits. These ''florists,'' or professional tulip
traders, sought out flower lovers and speculators alike. But if the supply of
tulip buyers grew quickly, the supply of bulbs did not. The tulip was a
conspirator in the supply squeeze: It takes seven years to grow one from seed.
And while bulbs can produce two or three clones, or ''offsets,'' annually, the
mother bulb only lasts a few years.



Bulb prices rose steadily throughout the 1630s, as ever more speculators wedged
into the market. Weavers and farmers mortgaged whatever they could to raise
cash to begin trading. In 1633, a farmhouse in Hoorn changed hands for three
rare bulbs. By 1636 any tulip--even bulbs recently considered garbage--could be
sold off, often for hundreds of guilders. A futures market for bulbs existed,
and tulip traders could be found conducting their business in hundreds of Dutch
taverns. Tulip mania reached its peak during the winter of 1636-37, when some
bulbs were changing hands ten times in a day. The zenith came early that
winter, at an auction to benefit seven orphans whose only asset was 70 fine
tulips left by their father. One, a rare Violetten Admirael van Enkhuizen bulb
that was about to split in two, sold for 5,200 guilders, the all-time record.
All told, the flowers brought in nearly 53,000 guilders.



Soon after, the tulip market crashed utterly, spectacularly. It began in
Haarlem, at a routine bulb auction when, for the first time, the greater fool
refused to show up and pay. Within days, the panic had spread across the
country. Despite the efforts of traders to prop up demand, the market for
tulips evaporated. Flowers that had commanded 5,000 guilders a few weeks before
now fetched one-hundredth that amount.

Bitcoin, by t3c on Apr 3, 2013 10:40:18 GMT 1, £81 a pop. No sign of stopping anytime soon

I'm sticking through this, no way i'm selling

Bitcoin, by fingerz on Apr 12, 2013 3:53:10 GMT 1,

Apr 10, 2013 22:38:40 GMT 1 elwheel said:

Erm...What goes up..

Must come down super fresco makes it easy it's by Graham and Brown

I'll get my coat

Apr 10, 2013 22:38:40 GMT 1 elwheel said:

Erm...What goes up..

Must come down super fresco makes it easy it's by Graham and Brown

I'll get my coat

Bitcoin, by t3c on Nov 23, 2013 13:26:48 GMT 1, so Dappy, about those tulips...

Bitcoin, by love on Nov 23, 2013 14:42:20 GMT 1, Dumped all my coins yesterday,... Waiting for the crash.

Bitcoin, by t3c on Nov 26, 2013 17:48:18 GMT 1, Chinese bang involved now, these guys like to save and don't like to fail.
need more hashing power!

Bitcoin, by love on Nov 27, 2013 0:01:30 GMT 1, Dumped mine at 500€, and this damn coins going for 700€ now, so what do i know.
I'm still waiting for a crash,...
Sick world,... all time record for Warhol, Francis Bacon,...all time high on the german stock market and on the damn Bitcoin. Flats and Houses in german cities were never so expensive then today. The only cheap thing is the cash... 0,25% haha! No problem to pick up 100k € for arround 2% right now. This bubble has to burst, the sooner the better.

Bitcoin, by t3c on Nov 27, 2013 10:08:05 GMT 1,

Nov 27, 2013 0:01:30 GMT 1 love said:

Dumped mine at 500€, and this damn coins going for 700€ now, so what do i know.
I'm still waiting for a crash,...
Sick world,... all time record for Warhol, Francis Bacon,...all time high on the german stock market and on the damn Bitcoin. Flats and Houses in german cities were never so expensive then today. The only cheap thing is the cash... 0,25% haha! No problem to pick up 100k € for arround 2% right now. This bubble has to burst, the sooner the better.

I did say it would dip & then plough through $1000 mark. It will happen today. Currently at $970

Nov 27, 2013 0:01:30 GMT 1 love said:

Dumped mine at 500€, and this damn coins going for 700€ now, so what do i know.
I'm still waiting for a crash,...
Sick world,... all time record for Warhol, Francis Bacon,...all time high on the german stock market and on the damn Bitcoin. Flats and Houses in german cities were never so expensive then today. The only cheap thing is the cash... 0,25% haha! No problem to pick up 100k € for arround 2% right now. This bubble has to burst, the sooner the better.

I did say it would dip & then plough through $1000 mark. It will happen today. Currently at $970

Bitcoin, by alexdb on Nov 27, 2013 12:18:33 GMT 1, Just waiting at the moment that it would be a real monetary currency like the real money. Then price will drop dramatically. It is not free floating and there is no monetary boundary. However, to make it a real currency for payments it must have a certain boundary. Just my two cents.

Bitcoin, by t3c on Nov 27, 2013 14:52:33 GMT 1,

Nov 27, 2013 12:18:33 GMT 1 alexdb said:

Just waiting at the moment that it would be a real monetary currency like the real money. Then price will drop dramatically. It is not free floating and there is no monetary boundary. However, to make it a real currency for payments it must have a certain boundary. Just my two cents.

and if it does, i'll buy a load more, wait 3 or 4 years and then but an OG Banksy with the increased profit of my investments. Like i said, this is and has always been a long game and now China are heavily investing into it there really is no stopping it. It's beating Paypal hands down daily over transaction revenue - anybody saying this is a fad/flash in the pan isn't reading the correct articles/studies into it or doesn't understand BTC properly

my 2 cents

Nov 27, 2013 12:18:33 GMT 1 alexdb said:

Just waiting at the moment that it would be a real monetary currency like the real money. Then price will drop dramatically. It is not free floating and there is no monetary boundary. However, to make it a real currency for payments it must have a certain boundary. Just my two cents.

and if it does, i'll buy a load more, wait 3 or 4 years and then but an OG Banksy with the increased profit of my investments. Like i said, this is and has always been a long game and now China are heavily investing into it there really is no stopping it. It's beating Paypal hands down daily over transaction revenue - anybody saying this is a fad/flash in the pan isn't reading the correct articles/studies into it or doesn't understand BTC properly

my 2 cents

Bitcoin, by alexdb on Nov 27, 2013 15:29:34 GMT 1,

Nov 27, 2013 14:52:33 GMT 1 t3c said:

Nov 27, 2013 12:18:33 GMT 1 alexdb said:

Just waiting at the moment that it would be a real monetary currency like the real money. Then price will drop dramatically. It is not free floating and there is no monetary boundary. However, to make it a real currency for payments it must have a certain boundary. Just my two cents.

and if it does, i'll buy a load more, wait 3 or 4 years and then but an OG Banksy with the increased profit of my investments. Like i said, this is and has always been a long game and now China are heavily investing into it there really is no stopping it. It's beating Paypal hands down daily over transaction revenue - anybody saying this is a fad/flash in the pan isn't reading the correct articles/studies into it or doesn't understand BTC properly

my 2 cents

That still doesn't make sense. Why would I for instance buy a pizza via bitcoin while the pizzabakkery can make a further profit out of my bitcoin? I dont want to leave my money on the table, hence I would keep the bitcoins myself and sell them in the bitcoin trade market. And that is exactly what is happening now. Once, the bitcoin is becoming a regular payment method, the value will decrease dramatically.

Nov 27, 2013 14:52:33 GMT 1 t3c said:

Nov 27, 2013 12:18:33 GMT 1 alexdb said:

Just waiting at the moment that it would be a real monetary currency like the real money. Then price will drop dramatically. It is not free floating and there is no monetary boundary. However, to make it a real currency for payments it must have a certain boundary. Just my two cents.

and if it does, i'll buy a load more, wait 3 or 4 years and then but an OG Banksy with the increased profit of my investments. Like i said, this is and has always been a long game and now China are heavily investing into it there really is no stopping it. It's beating Paypal hands down daily over transaction revenue - anybody saying this is a fad/flash in the pan isn't reading the correct articles/studies into it or doesn't understand BTC properly

my 2 cents

That still doesn't make sense. Why would I for instance buy a pizza via bitcoin while the pizzabakkery can make a further profit out of my bitcoin? I dont want to leave my money on the table, hence I would keep the bitcoins myself and sell them in the bitcoin trade market. And that is exactly what is happening now. Once, the bitcoin is becoming a regular payment method, the value will decrease dramatically.

Bitcoin, by t3c on Nov 27, 2013 15:38:08 GMT 1, and 8 decimal points

Bitcoin, by kbfrombk on Nov 27, 2013 15:55:49 GMT 1,

Nov 27, 2013 15:48:07 GMT 1 alexdb said:

Yes supply and demand on the trade market for bitcoins, not as a normal payment solution.
If I have bitcoins, I wouldnt buy any goods with bitcoins, I just would do trading with these coins. And the trading would be on a market where anybody else would do the trading. Similar as the gold market, although the bitcoins are not regulated at all, and the gold market in some part is regulated.

So the purpose of bitcoins is that in the end it would be a digital monetary currency. If that is the case, it would need to be regulated. Otherwise, I would set up my own webshop selling cheap products and one can buy them only with bitcoins. The bitcoins I receive I will trade further on the market and making a huge profit, while the buyer of my cheap product has just the cheap product and I earn his profit by that bitcoin. Now that would be interesting....shop owners would become traders and the shops are just byproducts.

was this not the basic gist of the silk road??

Nov 27, 2013 15:48:07 GMT 1 alexdb said:

Yes supply and demand on the trade market for bitcoins, not as a normal payment solution.
If I have bitcoins, I wouldnt buy any goods with bitcoins, I just would do trading with these coins. And the trading would be on a market where anybody else would do the trading. Similar as the gold market, although the bitcoins are not regulated at all, and the gold market in some part is regulated.

So the purpose of bitcoins is that in the end it would be a digital monetary currency. If that is the case, it would need to be regulated. Otherwise, I would set up my own webshop selling cheap products and one can buy them only with bitcoins. The bitcoins I receive I will trade further on the market and making a huge profit, while the buyer of my cheap product has just the cheap product and I earn his profit by that bitcoin. Now that would be interesting....shop owners would become traders and the shops are just byproducts.

was this not the basic gist of the silk road??