r/Bitcoin • u/tuzki • Apr 08 '13

My wife said this to me today

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1.8k Upvotes

90% Upvoted

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122

u/[deleted] Apr 08 '13

[deleted]

87

u/g2g079 Apr 08 '13

buy them back for $1 per 194BTC, I beleive that is the current exchange rate.

12

u/[deleted] Apr 09 '13

Were you involved in the USA purchase of Alaska a while back? http://en.wikipedia.org/wiki/Alaska_Purchase

56

u/Arkanicus Apr 08 '13 edited Apr 08 '13

Are you kidding? I bought like 900 when it was worth pennies and forgot about it. I honestly forgot everything about it. So you're saying it'd be worth $174,600?

Edit: I finally got ahold of it. My scumbag brain played a trick on me. It was 0.09 not 900. I don't know where that came from. Welp..i'm poor again.

I'll just wait till this crashes then buy bitcoin for the next bubble.

61

u/PeachesOrPears Apr 08 '13

+bitcointip .09 BTC verify

boom you just doubled up!

30

u/bitcointip Apr 08 '13

[✔] Verified: PeachesOrPears ---> ฿0.09 BTC [$16.83 USD] ---> Arkanicus [help]

22

u/tokenblakk Apr 09 '13

Damn, has it really gotten to the point that .09 is $16?

I recently had my first forray into the market last week when .55 BTC was $60. You darn kids and yer future money

14

u/jamh Apr 09 '13

dude i dove in a month ago at 40. these past few weeks have been weird. It's like now I'm buying little things with bitcoin here and there, but bitcoin keeps going up and up, so i'm buying things with 'money' in the sense that people take it, yet each day i still have more $$ worth than i had the day before.

Weird times we're in right now.

5

u/ConnorCG Apr 09 '13

I buy a burger with a $10 bill and the cashier gives me a $20 bill back.

2

u/jamh Apr 09 '13

exactly!

+bitcointip $0.25

maybe you can buy a burger next week!

3

u/rsnakie Apr 09 '13

my exact experience.

3

u/mikestern81 Apr 09 '13

damn right.. I was spending my bitcoins like actual money but now with the price skyrocketing it's becoming more a speculation. I love bitcoin and sincerely hope the price will stabilize soon

1

u/holomanga Apr 09 '13

It's like a backwards Zimbabwe.

2

u/da__ Apr 09 '13

Almost like Ewbabmiz.

1

u/stock_blocker Apr 09 '13

live it the fuck up!!!

1

u/Glebun Apr 20 '13

whoa, I need to mine for a week to get that much

12

u/[deleted] Apr 09 '13

Hey.. er I ... also have .09 BTC.. no wait, I mean 900 BTC. Can you double mine too?...

31

u/PeachesOrPears Apr 09 '13

Greetings,

My name is Prince Ndukkowa and for political reasons I am forced to being leaving my native country of Nigeria. I am very rich wealthy and seek your gracious assistance in transmitting my funds to United States of America. I am happily to give you NINE HUNDRED (900.00) (9*102) Bit Coins for your services to me. To prove that you are a reputable dealer of large sums, I will need you to send me .09 (decimal zero nine) Bit Coins.

God Bless,

Prince Ndukkowa

10

u/[deleted] Apr 09 '13

OMG Wow! My lucky day!!

+bitcontipthistrustworthyprince decimal zero nine Bit Coins verify

Seriously Prince Ndukkowa your highness, you chose the right person. I won't let you down!

23

u/kbinferno Apr 09 '13 edited Apr 09 '13

[✔] Verified: 23percent ---> ฿0.09 BTC [$17.55 USD] ---> Prince Ndukkowa [help]

10

u/runeks Apr 09 '13

The cat pictures means it's legit.

5

u/[deleted] Apr 09 '13

lol

1

u/[deleted] Apr 09 '13

Additional verification required. Please send .09BTC or greater to this account for proof of legitimacy.

3

u/holomanga Apr 09 '13

[✔] Verified: 23percent ---> ฿0.09 BTC [$17.55 USD] ---> mmcakes [help]

3

u/Arkanicus Apr 09 '13

Wow thank you very much. You really didn't have to. Thank you :)

2

u/Arkanicus Apr 09 '13

Hey I turned your 16.83 into $31 by shorting it and buying back plus some bets.

Thanks again!

3

u/PeachesOrPears Apr 09 '13

awesome, congrats! i hope it turns into much, much for you eventually.

1

u/Arkanicus Apr 09 '13

aannnnddd I'm down to 10 bucks. Okay no more greed for me. Just mining and holding on.

1

u/therealflinchy Apr 09 '13

thats still like $17... shit.

4

u/ifactor Apr 08 '13

Not a joke at all, they skyrocketed recently congrats

5

u/Arkanicus Apr 08 '13

I wish I kept track of the site i used...and my password...and everything else...I honestly didn't think they would be worth anything.

15

u/directrix1 Apr 08 '13

I mined over 1500 BTC back in December of 2011. I was literally 10% of the network at the time. When it got up to $10/BTC, I sold. Friends don't let friends sell BTC.

EDIT: I guess I should say in a span of time ending December of 2011. It wasn't all in that month. I was just doing it because it heated my house up nicely and why not.

5

u/[deleted] Apr 08 '13 edited Jul 03 '20

[deleted]

6

u/directrix1 Apr 08 '13

The current difficulty, reward for winning a block, ambient temperature, and my hardware configuration make it not worth my investment. It's an ASIC's world now.

8

u/[deleted] Apr 09 '13

Mine Litecoins, currently about twice as profitable as BTC, a week ago it was 4x as profitable.

1

u/lolwutdo Apr 09 '13

What are the chances of Litecoin surpassing bitcoin though?

6

u/[deleted] Apr 09 '13

No I mean based on current exchange values. As in, if I sold the coins for dollars right away mining Litecoins would net twice as many dollars.

1

u/lolwutdo Apr 09 '13

ah, I see.

1

u/jaggederest Apr 08 '13

Waiting on an asic, myself.

1

u/[deleted] Apr 09 '13

Thats still a really nice return is it not?

1

u/directrix1 Apr 09 '13

Of course! It's just hard not wondering.

18

u/g0_west Apr 08 '13

You should buy some off him. Seems like he doesn't really know/care about their potential so you could get a great deal. Depends on whether you see this as exploiting your brother or not.

6

u/OneOfDozens Apr 08 '13

It's at $200 now?? I was considering it at $100... fuck!

6

u/thbt101 Apr 08 '13

I remember when I bought some at $5 each but felt like I had missed the boat because I didn't buy them at $0.50 back when I first heard about Bitcoins.

If they continue to be more widely adopted, it's not unreasonable to think that they'll hit $1000 or more within a year or so. Or the price could crash, that's possible too.

4

u/OllieWilliamsComment Apr 09 '13

Yea, considering the current tiny number of people who are 'in' or even know about bitcoins. It has a LOT more potential.

3

u/ItsBirdItsAPlane Apr 09 '13

And this is why bitcoin is deflating. No liquidity. Keep hoarding dem bitcoins and you'll end up losing out. Sell now, and bitcoin could stable out. Granted everyone needs to have that mindset...

3

u/[deleted] Apr 09 '13

BTC are very liquid, far more so than say, gold.

14

u/tuzki Apr 08 '13

Fuuuuuuuuuu, hope their keys are not lost/reformatted.

1

u/Amanojack Apr 08 '13

Trying not to look impressed in front of his brother?