• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

Caption Contest: Bitcoinless

Tyler Durden's picture




 

Take an exchange named for "Magic: The Gathering", add some "currency" which in its most tangible form is an electron fluctuating between 0 and 1, and you get this...

 

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Tue, 02/25/2014 - 18:27 | 4477578 DoChenRollingBearing
DoChenRollingBearing's picture

DoChen is down a virtual $900 or so on BTC education.  Expensive!

But maybe buying BTC should be like gold: BTFD!  (?)

Tue, 02/25/2014 - 18:27 | 4477588 Dear Infinity
Dear Infinity's picture

It's rebounding nicely. Silver looking mighty fine though.

Tue, 02/25/2014 - 18:29 | 4477607 Atlas_shrugging
Atlas_shrugging's picture

Two identical guys have the same sign only with Ft. Knox at the top

Tue, 02/25/2014 - 18:31 | 4477616 fonestar
fonestar's picture

YES!!!!!

Tue, 02/25/2014 - 18:33 | 4477631 DaddyO
DaddyO's picture

So how long before we start reading headlines about BTC traders having runs-ins with nailguns?

DaddyO

Tue, 02/25/2014 - 18:34 | 4477643 fonestar
fonestar's picture

They're going to need alot of nails to hold down an entire planet.

Tue, 02/25/2014 - 18:36 | 4477652 DaddyO
DaddyO's picture

I don't know, that ground comes up pretty fast when you're in free fall.

DaddyO

Tue, 02/25/2014 - 18:39 | 4477673 fonestar
fonestar's picture

The ground is coming up hard and fast for the world's central banks.  On 9/11 most people didn't know or care who the Fed is.  Thirteen years later and a generation across the globe knows banks are the enemy of humanity.

Tue, 02/25/2014 - 18:43 | 4477697 krispkritter
krispkritter's picture

Hey you 'Gox Suckers'!

Tue, 02/25/2014 - 18:50 | 4477735 SilverIsKing
SilverIsKing's picture

"Magic: Watch it disappear."

Tue, 02/25/2014 - 19:19 | 4477880 flacon
flacon's picture

CAN SOMEBODY TAKE A PHOTO OF A "BIT COIN" AND POST IT PLEASE!!!!! I'VE NEVER SEEN ONE, LET ALONE HELD ONE! 

Tue, 02/25/2014 - 19:25 | 4477901 fonestar
fonestar's picture

I'M DUMB I ONLY TRUST THINGS I CAN HOLD IN MUH HANDS DURR!!!

Tue, 02/25/2014 - 19:28 | 4477923 nmewn
nmewn's picture

What, like an i-phone or the digits that stream across its screen?

Tue, 02/25/2014 - 19:33 | 4477948 fonestar
fonestar's picture

...or oxygen, hydrogen, ozone, carbon....

THEY COULD DISAPPEAR ANY MOMENT!!  KILL YOURSELVES NOW!!!

Tue, 02/25/2014 - 19:38 | 4477969 jbvtme
jbvtme's picture

if there are bitcoins missing, why does it not make the rest more valuable?

Tue, 02/25/2014 - 19:40 | 4477977 fonestar
fonestar's picture

It does and it has.  Many of the 12 million Bitcoins mined are already lost forever.

Tue, 02/25/2014 - 19:49 | 4478013 jbvtme
jbvtme's picture

but the price dropped when mt gox went tits up

Tue, 02/25/2014 - 19:52 | 4478029 fonestar
fonestar's picture

Well do you want to see immediate price reactions?  Just have patience.

Tue, 02/25/2014 - 19:59 | 4478057 snr-moment
snr-moment's picture

Did the printing shop for the signs take bitcoin?

Tue, 02/25/2014 - 20:06 | 4478077 fonestar
fonestar's picture

Does it matter right now fuckhead?

Tue, 02/25/2014 - 20:24 | 4478135 Scarlett
Scarlett's picture

what happens when the global btc community has 12m members and they all want one btc?

Tue, 02/25/2014 - 21:38 | 4478171 TheHound73
TheHound73's picture

uh, price goes up?  What happens when the global gold community wants 1 kg each?

Tue, 02/25/2014 - 23:07 | 4478677 Scarlett
Scarlett's picture

correct AND correct again!

Wed, 02/26/2014 - 06:30 | 4479369 GetZeeGold
GetZeeGold's picture

 

 

 

 

Roger Roger....

http://www.youtube.com/watch?v=I5QwKEwo4Bc

Tue, 02/25/2014 - 21:00 | 4478286 jcaz
jcaz's picture

Then you have 12M dupes standing on corners with cups in their hands...

Tue, 02/25/2014 - 23:02 | 4478664 snr-moment
snr-moment's picture

They trade them back and forth amongst themselves, hoping like crazy to recruit more members

Tue, 02/25/2014 - 23:09 | 4478682 Scarlett
Scarlett's picture

who needs to recruit when cyprus, hyperinflation, "one-time" taxes, and currency controls are here?

Tue, 02/25/2014 - 23:15 | 4478711 snr-moment
snr-moment's picture

difference in outcome being.......

and how does that affect my physical?

Tue, 02/25/2014 - 23:18 | 4478717 TheHound73
TheHound73's picture

Are you recruiting gold buyers?  Sell me on the idea, I'm conflicted and can't decide to take the plunge...

Tue, 02/25/2014 - 23:24 | 4478742 snr-moment
snr-moment's picture

screw that. I'd prefer you sell.  I told fone I'd buy at $5

Wed, 02/26/2014 - 00:12 | 4478918 TheHound73
TheHound73's picture

Haha, yeah.  I'm stacking both and wish both were cheaper.  And I'm with Scarlett, BTC pretty much sells itself.  There's no real race or deadlines, it can take its own sweet time to find market saturation for all I care.

Wed, 02/26/2014 - 00:30 | 4478978 Mad Mohel
Mad Mohel's picture

Any currency that would make those two fuckin nerd bums millionaires overnight desrves to be blowtorched 5 times over. Somebody needs to shove those fuckin google goggles down the throat of fonestar's boyfriend.

Here's to all the rest of the ratholes going the way of the Gox. Cheers.

Wed, 02/26/2014 - 00:36 | 4478995 fonestar
fonestar's picture

Bitcoin and the cryptocurrencies are here to stay fuckhead.  And do you think young people are going to sit around waiting weeks for your gold bars to show up moron?  People want to be paid immediately.

Wed, 02/26/2014 - 03:17 | 4479227 TheHound73
TheHound73's picture

I started a puppy fund for you. Looks like nobody's donated yet :(

Tue, 02/25/2014 - 20:25 | 4478138 mjcOH1
mjcOH1's picture

"Caption Contest: Bitcoinless"

I went to the interwebs, and all I got was fucked by some guy selling crypto hashes for $500.

Tue, 02/25/2014 - 20:27 | 4478146 superflex
superflex's picture

If you like your bitcoins, we'll keep your bitcoins.

Tue, 02/25/2014 - 20:32 | 4478160 XenoFrog
XenoFrog's picture

For some reason, saying, "I told you so" never feels as good as it would have felt if 200million in 'investments' wasn't just stolen.

Tue, 02/25/2014 - 22:13 | 4478504 Mine Is Bigger
Mine Is Bigger's picture

The end of Mt. Gox is not the end of Bitcoin.  

I feel sorry for people who (may) have lost money, but keeping a lot of bitcoins at Mt. Gox was reckless.  It's like keeping millions of dollars at JPM, Citibank or any of those insolvent banks.  Just keeping small amounts for paying bills and stuff makes sense, but why expose your money to unncessary risks?  It's same with Mt. Gox.  It was an exchange.  Why keep bitoins there once your trade was done?

Tue, 02/25/2014 - 22:18 | 4478520 XenoFrog
XenoFrog's picture

It's the end of bitcoin for all the people who weren't fast enough to get to MtGox's exit in time. I know no bitcoiner will admit to being one of those people who lost money, but a lot of people just got completely fucked. For you bitcoin pushers to ignore that fact in your continual pushing of this scam reveals a lot concerning your greed and lack of empathy.

Tue, 02/25/2014 - 23:01 | 4478662 Mine Is Bigger
Mine Is Bigger's picture

No.  One exchange failing does not make the end of an entire system.

I feel as much sympathy toward people who have lost their money in the Mt. Gox debacle as toward people who lost moeny in the stock market plunge after the Lehman Brothers collapse.  The way I see it, whether if it's bitcoins or stocks, "investing" your money always involves risks.  Losing money due to the Mt. Gox debacle does not make it more tragic.

Tue, 02/25/2014 - 23:28 | 4478762 TheHound73
TheHound73's picture

I have $3k = 11BTC on Mt.Gox.  This was the max. I was willing to entrust to them at any one time.  Who knows, some of it may be recovered during liquidation.

Wed, 02/26/2014 - 00:08 | 4478908 Mine Is Bigger
Mine Is Bigger's picture

I really hope so.  

Admittedly, I only had less than 0.5 btc on Mt. Gox.  But I thought I had lost all my bitcoins when Tradehill went down in 2011?/2012?.  I learned from the mistake.  And I have since recovered more than 5,000% on what I put into Tradehil.  Bitcoin may still go to zero, but like I wrote above, it's a risk like anything else.  Being too afraid makes you live small.  And I think that's one of the worst ways to appreciate the gift of life.  But I guess it's just me.

Wed, 02/26/2014 - 00:42 | 4479014 TheHound73
TheHound73's picture

Actually, people are buying BTC on Mt.Gox: http://bitcoinbuilder.com/    1 BTC on Mt.Gox currently trading for 0.13 BTC in the real world.

Wed, 02/26/2014 - 01:15 | 4479086 Mine Is Bigger
Mine Is Bigger's picture

Hi.  Thanks for the info.  I guess this could be the case of when the blood is running in the streets.  We'll see soon enough, I think.

Tue, 02/25/2014 - 22:54 | 4478636 snr-moment
snr-moment's picture

Awww, did I hurt your feelings?

Tue, 02/25/2014 - 20:14 | 4478103 tip e. canoe
tip e. canoe's picture

just like all the gold that's gone missing forever throughout the ages...until it magically shows up on an exchange at just the opportune time.

Tue, 02/25/2014 - 22:16 | 4478511 FEDbuster
FEDbuster's picture

fonestar on the left

fonestar on the right

Tue, 02/25/2014 - 20:16 | 4478104 tip e. canoe
tip e. canoe's picture

.

Tue, 02/25/2014 - 19:41 | 4477982 knukles
knukles's picture

Toldja...

If it's online it ain't yours, period.

http://www.wired.com/wiredenterprise/2014/02/bitcoins-mt-gox-implodes/

 

As per Wired, it was HACKED

Tue, 02/25/2014 - 19:54 | 4478036 DaddyO
DaddyO's picture

Holy Ship to Shore, Fonestar...I thought this BTC was bulletproof?

Looks as if someone isgoing to be living the highlife and has a nice fat wad to boot.

DaddyO

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