WTF... have you seen bitcoin prices?

[Mr ADHD]

Holy crap http://preev.com/btc/usd 2 hours ago it was $720!

Last time I checked the rate was shortly before SR closed and it was $105...

 

[rory420420]

Hours ago I was hoodrich?

 

[MrEDuck]

Holy crap http://preev.com/btc/usd 2 hours ago it was $720!

Last time I checked the rate was shortly before SR closed and it was $105...

Down to $440 just now. Goddamn that's some volatility!

 

[Mr ADHD]

back up to $670 this morning... If Bitcoins were still around $100 I was going to make a small purchase on a market I will not name... but not at these prices

 

[MrEDuck]

The price has little to do with the buying power since most vendors tie their prices to their local currency. Right now the volatility sucks because you could buy high and have them drop 25% by the time you've transferred them to your marketplace account.

 

[rory420420]

Id wait a week or two,see if the market can get some rolaids in itself and become a little more stable..don't worry..the drugs will still be there

 

[MrEDuck]

It actually looks pretty good. The senate hearings yesterday seemed positive and the hearings today look like they will go pretty well. Things should be crazy today as well.

 

[bluntmassa1]

For real I'm kicking myself in the ass I thought it would drop a bit more I'd grab some but god damn it was only worth $140 or so when I first thought of it now WTF I could be loaded but no I had to wait.

 

[Impman]

fucking rich drug addicts...god damn ...just send me your money, I will give you a handful of sleeping pills and kick you in the nuts and you will still feel better the next day...and my family will have some extra cash.

 

[racerboy71]

back up to $670 this morning... If Bitcoins were still around $100 I was going to make a small purchase on a market I will not name... but not at these prices

Yeah like.MRE already said, most vendors have their price set in a $ amount,, say $10 for a tab of.LSD for example..
If the price of bit coin goes up, you'd still be paying the same amount of actual $$ for that hit of.LSD, it would just be a smaller percentage of a bitcoin is all..
Bit coin goes down, you'd just pay a larger % of bit coin for the same hit of.LSD..

 

[MrEDuck]

For real I'm kicking myself in the ass I thought it would drop a bit more I'd grab some but god damn it was only worth $140 or so when I first thought of it now WTF I could be loaded but no I had to wait.

The first time I bought BTC they were like $5. But if no one spent them they wouldn't have any value.
Also watching the volatility recently probably would have given me a heart attack yesterday!

 

[racerboy71]

For real I'm kicking myself in the ass I thought it would drop a bit more I'd grab some but god damn it was only worth $140 or so when I first thought of it now WTF I could be loaded but no I had to wait.

I got my first at around $12 per and had over 17 of them.. had I not of.ordered all those damn pizzas from dominoes and saved them all, well, I'd rather not even think about.it tbh..

 

[Mr ADHD]

Yeah like.MRE already said, most vendors have their price set in a $ amount,, say $10 for a tab of.LSD for example..
If the price of bit coin goes up, you'd still be paying the same amount of actual $$ for that hit of.LSD, it would just be a smaller percentage of a bitcoin is all..
Bit coin goes down, you'd just pay a larger % of bit coin for the same hit of.LSD..

I understand that the cost of your purchase is fixed in USD, but can you buy a % of a bit coin on Mt gox?

 

[MFB]

This is the first time I have heard of bitcoin.

Went to http://www.weusecoins.com/en/

Still don't get it.

 

[racerboy71]

I understand that the cost of your purchase is fixed in USD, but can you buy a % of a bit coin on Mt gox?

Sure you can buy as much or as little as you want. ..
When I went on my pizza binge, I simply put up say $250 and got the equivelant in bitcoins, which at the time was like 17.8123 or w/e..
So yeah, you could just go to mt gox with $50 and get what ever that works out.to be in bitcoins..

 

[MrEDuck]

I understand that the cost of your purchase is fixed in USD, but can you buy a % of a bit coin on Mt gox?

Yes, they wouldn't be very useful otherwise.

 

[MrEDuck]

Dammit Racer now I want a pizza and all I have are drugs!

 

[Mr ADHD]

Yes, they wouldn't be very useful otherwise.

I actually never realized that I could before lol.... well dont I feel like a dummy

 

[rory420420]

If you buy a coin and the value goes down,you spend more of the coin to achieve a purchase of a fixed price.the price of the acid didn't go up,you just have to spend more coin to equal 10$..which then makes the method of purchase inflate the value of said acid..it then becomes 15$.simple economics.one reason I'm waiting a while to buy more coins..that and I have no desire to go near 2.0..or the need for any drugs..

 

[racerboy71]

Dammit Racer now I want a pizza and all I have are drugs!

Wasn't one of the first purchases using bitcoins supposedly a pizza order?
Think I read that somewhere online ..
Think I'm gonna go make a grilled cheese as I made myself hungry too..