12600+ entries in 1.149s
stephengandel: Now when I convert that back to dollars at the now btc rate of
$1/500 BTCs, I would get
$87. Meaning I still lost money!
jurov`: yes,
$60 will be 0.12 btc then
stephengandel: from the beginning, I buy my 0.1 bitcoin to open the account, which currently costs
$110. Then I buy the put for
$49, or 0.04537758 of a bitcoin, and then I have 0.05468842 left in my account. Let say the price of a bit coin drops to
$500, and I exercise the option. I will get 0.12 bit coins when I exersize.
jurov`: no you will get the
$49 back in bitcoins at current rate
stephengandel: OK so it would cost me
$49, and if a bitcoin drops to 1000, then I lose
$39. For me to start making bitcoins have to drop to
$610. Is that right?
stephengandel: So if the price of a bitcoin went down to 1000 when the contract settled, I would make
$10 minus the cost of the contract, or
$3.80
stephengandel: what if bought a p110, which is essentially where the price is now right? It would cost me
$6.19 a contract. Is that right?
stephengandel: So for the p080 contract, it would cost me roughly
$1.70 to but the contract., with bitcoins at a current 1100. What would I make if bitcoins go down to 1000 or 900?
stephengandel: So to do this on coinbr. I would have to open an account for 30 BTC,
$30,000?
jurov`: (that means price per 1BTC would be
$500)
jurov`: it's call to buy 0.1btc for
$50
stephengandel: OK. On ICBIT there is a BTC/USC 12.13 contract that has a range of prices all above the current price of a bitcoin to USD. So I am guessing these are the strike prices? I was told that a contract costs
$10. But that can't be the same for all the strike prices. I am trying to figure out what it costs to sell futures contract.
ozbot: BTC raise to US
$ 1800 can happen this week !! - JDBIF - The Bitcoin Investment Fund.
dub: the guy donated
$12k to you, might sa well hang out on irc
mircea_popescu: <ThickAsThieves> litecoin almost
$1b <<< do you realise most fiat companies are worth less than the lauighingstock altcoin ?
mike_c: bitbars are "rare", so the price of one doesn't mean much. market cap of all them is only
$600k
stephengandel: So,
$30,000? Can you short bitcoins through a broker?
nubbins`: and they seem to be selling on ebay for
$140+, regardless of denomination
nubbins`: i can't imagine he paid more than
$10-20 per
ozbot: KnC Sells
$8 Million In Miners - Business Insider
ThickAsThieves: “This is the environment where Bitcoin could go to
$1m. There is no qualitative reason, but it is trending. If I could own Bitcoin, I would. If I own 3D printing, it is just the same thing”
ozbot: BitBet - 1BTC >=
$10,000 USD
KRS|gotyawallet: i have a mexican i pay
$100 for a day of labour on my property..usually twice a month..he normally makes
$80 and works longer in on the farms picking vegetables.
nubbins`: that's because they give you a
$250 controller with your u
nubbins`: seriously, a motionplus and an arduino sets you back maybe
$50-60
nubbins`: consider that a wii motion plus attachment fits in a child's hand, costs
$25, and can track acceleration and movement along 3 axes
Vexual: they were losing
$2 an hour in 2009, but not getting hot
mike_c: i think i'm currently losing about
$2 an hour
mircea_popescu: now, this behaviour clearly does not optimize the
$$$ you get for your btc,
Vexual: bit at 12 million billion,
$10 ain't gonna buy shit
mircea_popescu: <dub> how to buy a dimebag of crack when the smallest unit is
$10????! <<< HOW TO PAY TX FEES ON THAT!!!
dub: how to buy a dimebag of crack when the smallest unit is
$10????!
dub: some poindexter at MIT worked out that satoshi-dime parity was
$15k and change
Vexual: that would require global inflation where
$10 wouldnt buy anything
pankkake: Bitcoin to trade at
$100 USD by the end of March 2013 link is wrong
nubbins`: my redeemed casascius coin is up to
$62 on ebay
ozbot: BitBet Stole ~
$7,000 from me (10 BTC)
ozbot: BitBet Stole ~
$7,000 from me (10 BTC)
mircea_popescu: "Wow, so Mircea Popescu made ~
$50,000 that month? Not bad! Mad propz."
mircea_popescu: "You charge a
$540 set up fee!!! What the hell have you been smoking?
BingoBoingo: pankkake: Well, everyone in this channel has the privilege of discovering BTC before 10,000 USD. The next new batch in here will have the privilege of discovering before
$100,000 whenever that happens. Eventually everyone ere will have the opportunity to tempt POTUS to put a sharpie in their pooper for a fraction of a bitcoin.
ozbot: BitBet - 1BTC >=
$10,000 USD
mircea_popescu: "As of this writing we have over 2.1 Million in sales for November, this excludes any fraudulent sales, I.e the
$933,000 sales which was fraudulent and proven on the thread and a
$3,000,000 sales which looks fraudulent. AMC expects its sales of VMC's Bitcoin mining machines to continue to grow as it has the highest TH/s machines in the marketplace."
ThickAsThieves: The epic
$15-million court fight between Love and the Meighen heirs was finally settled two years ago. The defendants — including Love, his law partner and their current and former firms, as well as Legacy Private Trust and Canada Trust — agreed to pony up
$8.9 million, but without admitting fault.
nubbins`: ah, like the college radio station doesn't sell cds, they "gift" you a cd if you "donate"
$5
ozbot: BitBet - BTC/USD at MtGox will be above
$150 on Mar 1st 2014
nubbins`: oh hey, finally hit
$1000 on virtex
ThickAsThieves: "Mastercoin crossed
$1,000,000 USD worth of MSC in trading volume in a 24 hours period" (citing /u/DJohnston)
nubbins`: you can get some nice multitrack boards these days for not too much
$$ KRS1: Max Keiser@maxkeiser 28 Nov Somebody out there should start a 'keisercoin' I'm pretty sure it would go from
$0 to
$100 mn. pretty quickly
unbalanced: Before April 1st 2014, Bitcoin will hit
$2000 USD without dipping below
$500
nubbins`: honestly, with a Skerton, an AeroPress, and a kettle, you could make a cup of coffee that would rival any other. All for about a
$60 investment.
nubbins`: you can get a decent burr grinder for
$200 and up
unbalanced: There was a guy in Texas selling coffee for BTC a couple of years ago but never updated his prices... I bet it is
$20,000 USD a pound by now.
nubbins`: hm,
$997.90 at virtex. would be great to see
$1k CAD today
nubbins`: light a joint at
$420, it passes
$500 before you're finished smoking it
Venat: yea right, I will send you 1000
$ worth of bitcoins right away because you installed multibit moments ago
mircea_popescu: "With Bitcoin breaking the
$1,000 barrier, it is extremely risky to invest in these crypto-stocks anymore. I have learnt my lesson after I lost half of all my bitcoins in BTC-TRADING-PT. You never know when these exchanges will shut down. Better not to invest in them."
ThickAsThieves: people are like "
$1000 for one bitcoin? Fuck that shit! I can haz twenty litecoins, way better!"
ozbot: BitBet - BTC will rise above
$1500 USD before February 2014
Venat: major being like 200
$ Venat: to think I paid like 160
$ for a stupid domain
s3gfault: bgupta: its not a fake exchange they did
$10 million in volume this month
s3gfault: fuck. that sucks. losing
$600,000 like that... oh well.
Bugpowder: updated, Him: Why did I sell my last 9 bitcoins to you for
$100 each
Bugpowder: Like
$400,000 a year working Wall Street stiff flying first class and being comfortable baller?
ozbot: BitBet - Bitcoin price to rise above
$1000
ThickAsThieves: I mumbled something about bitcoin to flirt with a checkout lady 4 years ago. She didn't trust me but they all invested
$10,000. Today I went in to find they are all billionaires and I crowd surfed the workers around the store.
ThickAsThieves: After the April crash, I bet a friend
$1,000.00 that Bitcoin would be worth
$1,000.00 before December 31, 2013.