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  1. Jake

    Move by China causes Bitcoin to lose 50% of its value in one day.

    Here's what the President of Paypal said "I really like Bitcoin. I own bitcoins," Marcus said at the LeWeb conference here. However, he believes people today don't correctly understand what bitcoins actually are, and he's not yet ready to let people link their bitcoin wallets with their PayPal...
  2. Jake

    Move by China causes Bitcoin to lose 50% of its value in one day.

    Exactly. It's an extremely exciting technology with a ton of potential. Most people are simply looking at one single application of it (currency) and writing it off as a ponzi. This dismisses the network itself, the bitcoin protocol, which is a distributed ledger that the entire world can...
  3. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    And we had a 500+% month in November.. It comes with the territory. Sure it sucks but no flaws were found in the protocol and bitcoin continues to gain new users. Rapid uptake of a technology is still taking place.
  4. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    Yes..unless it gets cancelled. Staff is getting beefed up so if by chance it did get cancelled I imagine it would be quick to resolve. After your initial purchase and wait you should be able to purchase 10 a day until you hit your 30 day mark..then it's 50. I believe that's still the case
  5. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    I'm not, and I am. I took some off the table a few weeks ago and bought the wife a car, and myself a new watch. I don't have any plans to sell anymore, anytime soon. Saying that..I'm bitcoin only. Other cryptos aren't worth the risk imo.
  6. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    Testicular fortitude check lol "Bubbles" burst, coins get distributed to more hands, new comers increase their holdings, bitcoin continues to grow. That's the way I see it playing out at least. Who knows..I'm just along for the ride on what I believe to be a world changing technology.
  7. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    I hope you guys make a killing on Quark....I won't touch it with a 50,000 foot pole
  8. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    With coinbase you can sell up to 50btc a day. I'm not very familiar with campbx policies but I know their volume is pretty non-existent. Large amounts can be cashed out on the exchanges bitstamp, mtGox(may have withdrawal issues) but it will make an impact so may be wise to look for big buyers...
  9. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    Coinbase has been kicking a$$. 10,000 + signups a day..they can really use the money. Excited to see how they spend it. "Chris Dixon, a partner at Andreessen Horowitz who will join Coinbase’s board, said on Thursday that “it’s hard to overstate the excitement of a certain segment of the...
  10. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    His fund has greatly contributed to this rise. A huge vacuum that can only buy and not sell any at this time. www.bitcointrust.co
  11. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    "I really like Bitcoin. I own bitcoins," - President of Paypal Woah. Paypal needs to act pretty quick and try to become a leader in the bitcoin industry..if they don't, a bunch of code is going to start eating their lunch.
  12. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    Fred Wilson (Union Square Ventures..Twitter, Tumbler, Foursquare, Kickstarter..etc) calls it a mega trend http://techcrunch.com/2013/12/10/fred-wilson-on-bitcoin-unbundling-data-leakage-and-health-care/
  13. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    Found this funny. I guess I'll share it here "Bitcoin currency may be a threat to the financial system of Kazakhstan, Vice-Minister of Finance of Kazakhstan Ruslan Dalenov said in an interview to Tengrinews. Bitcoin is digital money that use peer-to-peer technology to operate with no central...
  14. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    Good on you. You're killing it..literally. I see some risk in bitcoin..and 100x other risks involved with alts. I'm up over 2000% from my first purchase so I don't see the need to take on additional risk
  15. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    I wish all Alt-coiners the best of luck but I'd like to inject a bit of sobriety (even though I just had a few beers) into this thread. You're buying bitcoin so you're able to invest in alt-coins You're banking on bitcoins success for alt-coins to succeed Alt-coins are therefore dependent on...
  16. Jake

    How bad do you want it? Enough to go "all in?"

    GOLD! PEOPLE 
    I recently turned 31 but I've been bouncing around the world since I turned 18. It's never been hard to make friends, especially outside the U.S. I guess work relationships could skew the results in earlier years but meeting new people is not difficult, especially now, so don't let a]the fear...
  17. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    www.coinbase.com is nice if you're not looking to trade. It links up to your bank and initiates a transfer when you buy / sell. If you need an exchange then Bitstamp may be your best bet.
  18. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    Imo bitcoin will give you a massive profit while alt-coins crash and burn. They may spike in the short-term though. We're dealing with a protocol here, not simply a digital token used for trade. think TCP/IP, think SMTP. Bitcoin (the payment network, the distributed ledger) is the protocol...
  19. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    Seems like a pump and dump to me. Best of luck. I don't see any value in alt coins. Crypto-currencies are really just a efficient, decentralized, cloud based ledger. Multiple ledgers aren't needed. They have value because of the network and infrastructure behind them. Alt coins don't provide a...
  20. Jake

    Cryptocurrency Experience

    HOT! CRYPTO INVESTING 
    Alty - thought you may want to read this http://www.reddit.com/r/Bitcoin/comments/1rxmk3/my_open_letter_to_peter_schiff_followup_from_the/?sort=top Erik Voorhees and Peter Shiff had a debate about Bitcoin. Schiff thinks they're worthless. The link is to Erik's follow-up letter

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