Bitcoin going ballistic.

[anaconda]

So if gold is about to be banned you would want to sell it before is made illegal?

Excellent outside the box thinking.

 

[anaconda]

1:52 a.m PST 4-08-13 $182.65

 

[newbitech]

So if gold is about to be banned you would want to sell it before is made illegal?

No because I might be able to use it to replace my teeth.

 

[newbitech]

Excellent outside the box thinking.

actually it was a pretty lazy argument for what was being commented on.

 

[presence]

EPIC

186.5

 

[IDefendThePlatform]

EPIC

186.5

I'm wondering if this is the start of the institutional investor boom after some of the recent reports on Bloomberg and others.

 

[presence]

I'm wondering if this is the start of the institutional investor boom after some of the recent reports on Bloomberg and others.

Its dawning.

20 Million coins.

7 Billion of us.

Buy ONE for freedom.

 

[NinjaPirate]

I hate bitcoin threads. I keep kicking myself everytime I read one. *sigh*

 

[presence]

I hate bitcoin threads. I keep kicking myself everytime I read one. *sigh*

<<<< BUY ONE COIN >>>>

It doesn't matter when.

It will ONLY deflate.

 

[presence]

192

or


20 million coins

 

[Peace&Freedom]

Its dawning.

20 Million coins.

7 Billion of us.

Buy ONE for freedom.

QFT. The banksters don't control BTC, so there's no team embedded in the currency to pull tricks to deflate its value, as with gold and silver. The explosion in Bitcoin valuation is the same we should be seeing in precious metals. BTC is ripping the mask off the devaluation of government currency faster than expected, by either the mass public OR the elites.

 

[jtap]

<<<< BUY ONE COIN >>>>

It doesn't matter when.

It will ONLY deflate.

The thing that has kept me from buying one or any is that I usually research the hell out of stuff like that before I get into it. If someone *TRUSTWORTHY* (read: reputable rpf member) had a how-to that detailed what to do to buy a bitcoin that streamlined the process, I would have a hard time saying no.

*please forgive me if this does exist, maybe in a post somewhere and I just missed it and many thanks to someone if they can point me to one (even if outside of rpf, as long as you can vouch for the instructions you are recommending)

 

[presence]

The thing that has kept me from buying one or any is that I usually research the hell out of stuff like that before I get into it. If someone *TRUSTWORTHY* (read: reputable rpf member) had a how-to that detailed what to do to buy a bitcoin that streamlined the process, I would have a hard time saying no.

*please forgive me if this does exist, maybe in a post somewhere and I just missed it and many thanks to someone if they can point me to one (even if outside of rpf, as long as you can vouch for the instructions you are recommending)

1)
STOP WHAT YOU ARE DOING
POUR YOURSELF A CUP OF COFFEE

2)
GO TO MTGOX AND CREATE A WALLET
GO TO BITINSTANT AND CREATE AN ACCOUNT

3)
USE BITINSTANT ACCOUNT TO CREATE A BUY BTC AT WALMART VIA ZIPZAP MONEY GRAM TO YOUR MTGOX WALLET
PAY 4% and $3.95 in fees

4)
GO TO WALMART, GIVE CASH

5)
GO TO MTGOX AND SEE WHAT PRICE YOU GOT IN AT (alternatively you can just put cash in your account and then place a buy order later)

6)
WATCH YOUR MONEY DOUBLE IN 10 DAYS

Last:

BTC 193.75000000

 

[amonasro]

1)
STOP WHAT YOU ARE DOING
POUR YOURSELF A CUP OF COFFEE

2)
GO TO MTGOX AND CREATE A WALLET
GO TO BITINSTANT AND CREATE AN ACCOUNT

3)
USE BITINSTANT ACCOUNT TO CREATE A BUY BTC AT WALMART VIA ZIPZAP MONEY GRAM TO YOUR MTGOX WALLET
PAY 4% and $3.95 in fees

4)
GO TO WALMART, GIVE CASH

5)
GO TO MTGOX AND SEE WHAT PRICE YOU GOT IN AT (alternatively you can just put cash in your account and then place a buy order later)
WATCH YOUR MONEY DOUBLE IN 10 DAYS

This is what I did except replace Walmart with CVS. Just pick up the little red Moneygram phone, input some info and pay the cashier. It's a little more expensive than a bank transfer from other major exchanges, but considering the 15,000 user queue wait at mt.gox...

 

[anaconda]

actually it was a pretty lazy argument for what was being commented on.

I thought it was insightful and provocative on a couple of different levels.

 

[evilfunnystuff]

The story about bitpay having a 5 million dollar month for march is probly gonna bring more upward turbulance, fasten your seatbelts folks this might be a bumpy ride.

 

[evilfunnystuff]

This is what I did except replace Walmart with CVS. Just pick up the little red Moneygram phone, input some info and pay the cashier. It's a little more expensive than a bank transfer from other major exchanges, but considering the 15,000 user queue wait at mt.gox...

Walmarts nice cuz the person at the counter types in all your info instead of having to use the red phone, much more convienient.

 

[newbitech]

I thought it was insightful and provocative on a couple of different levels.

i can see the temptation to compare bitcoin with gold in a government confiscation scenario. Difference being, they actually have to take the gold from my hands at least giving me a chance to hide it or defend myself.

Some people will manage to hide their gold in that event.

When the government comes for bitcoin, it's one fell swoop. You'll have no chance to back out, sell it off, defend it, bury it, send it to the bottom of the lake. When it's gone, it really is gone, vanished, poof. Right back where it came from.

The government can't really "ban" gold and shut it down like they can bitcoin.

They can try and confiscate, but then they have to pile it up somewhere and that becomes a target in the ensuing revolution that would occur.

If the world government decided to pull the plug on Mt. Gox for instance and release a UN statement backed by ICANN, IMF, World Bank etc etc, that bitcoins are recognized as international money laundering and fuel terrorist activities, that bitcoin doesn't get confiscated it really does go to the moon and beyond.

There will be no way to rebel against it besides transitioning into another electronic scheme similar to btc.

 

[Petar]

Banning bitcoin sounds about as easy as banning the internet.

Maybe China could pull it off within their own borders, but I don't readily see it as being currently possible in the West.

 

[dannno]

The thing that has kept me from buying one or any is that I usually research the hell out of stuff like that before I get into it. If someone *TRUSTWORTHY* (read: reputable rpf member) had a how-to that detailed what to do to buy a bitcoin that streamlined the process, I would have a hard time saying no.

*please forgive me if this does exist, maybe in a post somewhere and I just missed it and many thanks to someone if they can point me to one (even if outside of rpf, as long as you can vouch for the instructions you are recommending)

http://www.ronpaulforums.com/showth...-way-without-huge-markup-for-confused-newbies