Any Bitcoin or Cyrptocurrency enthusiasts?

[vogeltron]

Thanks for reviving the thread. Bitcoin sitting at $420+ is much higher than 5-6 months ago with our posts.

[JamesNorth101]

Originally Posted by elusive1

I use Bitify (Cryptothrift), only buying paypal from people with 500+ positives. Is there a way to stop reversals months later on Paypal?

Do person to person transfers allow reversals the same as business transactions?

If someone sends you money via PayPal for BTC there is no way to stop them trying to reverse the transaction if they want to

That is the risk you take selling people BTC via PayPal

[pimpin624]

Do not use paypal to buy bitcoins!

[JamesNorth101]

You can buy them indirectly though via PayPal without too much issue

[eduardwick]

Originally Posted by JamesNorth101

You can buy them indirectly through via PayPal without too much issue

How? Can you mention such site?

[Nookin]

I think crypto-currencies like bitcoin and Paypal will be a huge component in the future of money as we know it

[mine]

Paypal has a crypto currency?

[rsot]

No PP does not as yet

[aspkin]

Originally Posted by vogeltron

Just curious I think the technology is amazing. Hard to say what will happen with fintech.

Personally, I LOVE Bitcoin.

It's cheap, safe and easy to use.. what's not to love?

[JamesNorth101]

Originally Posted by Nookin

I think crypto-currencies like bitcoin and Paypal will be a huge component in the future of money as we know it

PayPal is an online wallet that uses government issued currencies.

This is different to a crypto-currency which is a created when algorithms are solved. Crypto-currency are also not government backed which means they are do suffer from pretty mad inflation and deflation sometimes when compared to say the £ or $

[bjammin]

Something I think is interesting is that is has been hovering around $410 - $420 for awhile now. I would not be surprised if it takes off like a rocket in one direction or another. Its like a super bouncy ball contained in a small can, just waiting to get out.

[Ebayorbust]

Agreed. I've found it to be very stable since I started using it around 4 or 5 months ago. The rate has gone between £270 to £305 so fairly settled compared to some of the stories I have heard, lol.

I'm a big fan.

[vogeltron]

Originally Posted by bjammin

Something I think is interesting is that is has been hovering around $410 - $420 for awhile now. I would not be surprised if it takes off like a rocket in one direction or another. Its like a super bouncy ball contained in a small can, just waiting to get out.

They payouts to miners are suppose to be cut in half later in the year. Wouldn't be surprised if that is a catalyst for a higher price.

[rsot]

Mining still very costly to do?

[elmo]

Originally Posted by rsot

Mining still very costly to do?

Yeah, you need a small city worth of electricity to make a decent profit lol

[vogeltron]

Originally Posted by elmo

Yeah, you need a small city worth of electricity to make a decent profit lol

Lots of Bitcoin mining in Iceland. So much Geothermal energy it is cheap to mine. Colder climate helps naturally cool the machines also.

[elmo]

Yup exactly.

Anyone following Ethereum? Been watching it from the beginning but its a little too expensive to purchase and hold. Waiting for dip/crash before jumping in.

Litecoins looking like a great buy at these prices as well.

[vogeltron]

Bitcoin going to $500 USD?

[rsot]

Originally Posted by vogeltron

Lots of Bitcoin mining in Iceland. So much Geothermal energy it is cheap to mine. Colder climate helps naturally cool the machines also.

True point.

[GreenBean]

Originally Posted by vogeltron

Bitcoin going to $500 USD?

Nice, nice.

Balances against the greenback for me.

[rsot]

Not quite there yet...

http://www.google.ca/search?q=current+bitcoin+value&rlz=1C1VASU_enCA554 CA554&oq=current+bitcoin+value&aqs=chrome..69i57j0 l5.2742j0j7&{google:bookmarkBarPinned}sourceid=chr ome&{google:omniboxStartMarginParameter}ie=UTF-8#q=1 BTC to USD

[vogeltron]

Originally Posted by vogeltron

Bitcoin going to $500 USD?

Bitcoin is blowing up