Silk Road forums

Discussion => Off topic => Topic started by: PsilocybinTendencies on August 20, 2012, 05:50 am

Title: a couple questions about bitcoin
Post by: PsilocybinTendencies on August 20, 2012, 05:50 am
Having been watching btc ever since discovering silk road, I couldn't help but notice that the way btc is fluctuating, it's easy money to be made... or so it seems...

When I started here it was like 4 bucks a coin. I see now if I had bought a bunch and sat on it id have almost tripled my money.

So I was thinking about abstaining from buying drugs for as long as I possibly can, and instead saving up for a bitcoin mega splurge as soon as I see it hit three bucks. I figure it would have to rise again sometime.

Am I missing anything? Is there any reason this doesn't sound like a wise course of action?

Suppose I do it and decide to cash out, I've never done that before. How does the cashing out process work? Help!!!
Title: Re: a couple questions about bitcoin
Post by: PsilocybinTendencies on August 20, 2012, 06:01 am
Is there any reason this doesn't sound like a wise course of action?

What are the odds that bitcoins will ever hit $3 again? Can you live with never doing drugs again? :)


I suppose the question is a hypothetical. Let me rephrase it, say I only buy the bare minimum necessary in my life, cannabis, and otherwise budget myself a little "oh fuck btc is like a dollar!" Fund. I'm sure at some point ill break into it if btc takes forever to go down.

But if it does go down and I have money to put into it...
Title: Re: a couple questions about bitcoin
Post by: tea_drinker on August 20, 2012, 01:17 pm
I just picked up 1k with a similar plan.. Sit on it for as long as possible, then enjoy some low priced drugs  8)

Unless the Road is ended, I don't see BTC purchases slowing. If you can wait a bit, it seems like a decent bet.

Remember they started at something like $0.05 per BTC.. We're still in early days.
Title: Re: a couple questions about bitcoin
Post by: REVINN69 on August 20, 2012, 01:31 pm
Can someone please let me know the easiest way to buy bitcoins, i am new at this. Thank you.
Title: Re: a couple questions about bitcoin
Post by: PsilocybinTendencies on August 20, 2012, 01:32 pm
I just picked up 3k with a similar plan.. Sit on it for as long as possible, then enjoy some low priced drugs  8)

Unless the Road is ended, I don't see BTC purchases slowing. If you can wait a bit, it seems like a decent bet.

Remember they started at something like $0.05 per BTC.. We're still in early days.

This is very reassuring! I feel like I've stumbled onto one hellacious investment opportunity. lol.

What if I wanted to cash out? I have no idea how to go about that. Seeing as how I wouldn't have done anything illegal I guess I'd be okay with linking my identity... I realize that's something people don't like to discuss publicly but if I could just get pointed in the right direction...
Title: Re: a couple questions about bitcoin
Post by: tea_drinker on August 20, 2012, 01:49 pm
I haven't given it too much thought, if it's massively successful and continues to grow - options for cashing out will grow too.

More than likely however, for me, any upside will just subsidize my drug consumption  :-\ Which would be fucking excellent.

Price is dropping as we speak, loading another xk to keep as 'dry powder' incase of any crazy-ass surprise drops, I'll be sitting waiting.
Title: Re: a couple questions about bitcoin
Post by: tea_drinker on August 20, 2012, 01:52 pm
Can someone please let me know the easiest way to buy bitcoins, i am new at this. Thank you.

spendbitcoins is easy/fast, or you could use an exchange like mtgox.com for more regular purchases.

(better still, figure out a way to earn them)

and be sure to wash them before sending to SR: fogcore5n3ov3tui.onion
Title: Re: a couple questions about bitcoin
Post by: PsilocybinTendencies on August 20, 2012, 03:58 pm
Can someone please let me know the easiest way to buy bitcoins, i am new at this. Thank you.

I use bitinstant.
Title: Re: a couple questions about bitcoin
Post by: fuckoffehbuddy on August 20, 2012, 04:27 pm
Can someone please let me know the easiest way to buy bitcoins, i am new at this. Thank you.


yeah read the forums after you search for bitcoins