Why is it getting btfo?
Almost 10% down in one week.
I invested my life savings into this because everyone said we we'd be hitting 1k next year.
They haven't even become mainstream yet, just like the internet in the early years there has to be infrastructure built for the common plebs before they'll use it. That day will come and Bitcoin will go to the moon, taking a number of altcoins with it.
What evidence do you have that BTC will skyrocket in value?
If you have this evidence, then so does everyone else. Why aren't others investing in such easy money?
If you truly believe it will skyrocket in value, why are you only holding 1 BTC? If you truly believe it will skyrocket in value, why are you desperately advertising the fact? Why are you trying to recruit others into investing into BTC?
stocks or any scheme that makes a lot of money is always speculation, and if the information even did exist people would be able to find it? If they don't then I guess society is really stupid.
Pretty much any conclusion is not good, and the statistics that range from IQ and wealth distribution and other variables prove this.
I don't feel like posting or explaining 3 months worth of information I came across, id rather just let the people figure it out themselves then they can truly deserve it.
Statistics and credible information takes hours of talking and the most precious commodity of time, unless you prefer crackpot conspiracies or fox news tier evidence.
No one is ever sure 100% about anything, anything beyond that requires faith/speculation/conspiracy for the reasons why.
But it becomes obvious when investors are corporate and cartel banking powers.
Synchronicity is not evidence, it's the singularity fractals that naturally fall into place.
Evidence is not the word you should be using when investing.
By the time evidence does come out it's to late to invest in it unless you have insider information.
1. Bitcoin is a currency, which makes buying it speculation akin to ForEx and not an investment akin to buying the SP-500
2. It reached it's meme-peak and has been falling for over 2 years straight ever since, only recently being pumped and dumped (when you bought)
3. There really is no need for it since fiat currency is better in every way and works offline as well.
The fact that people buy it as an asset instead of using it is currency really shows you how it totally missed the point.
You came to the game after the people who were late already sold, so you are double late. Just hold in case there is a rally. Sell if it gets significantly worse. The price is ranging right now.
Not into cryptocurrencies, but what's up with Decred and a faction of the developers splitting off? I recall something about political bullshit between two opposing groups of core devs, is this the alternative to the forking of the blockchain?
What follows should not be considered a request, advice, or encouragement of any kind. It is posted for the sole purpose of education and information about the dangers of crypto currencies.
How to profit from bitcoins easily:
1: Acquire a few dozen bitcoins anonymously.
2: Using the methods described in http://www.righto.com/2014/02/ascii-bernanke-wikileaks-photographs.html to embed illegal data into the bitcoin blockchain.
3: After the data are successfully embedded into the blockchain, spend your bitcoins in whichever profitable way you like. Though for the sake of not arousing suspicion, you shouldn't spend more than a few coins at the same place.
4: Wait until the bitcoin community realizes that there are illegal data in the blockchain and is forced to roll it back to a point in time where there were no illegal data in the blockchain.
5: Enjoy your newly rolled-back coins, which are yours once again and ready to be spent.
>Investing all your life savings in one thing
>Investing them in meme tier Bit-fucking-coin of all things because some neckbeards on a Malaysian canoeing forum said it would go up
You're beyond retarded.
>give me muh evidence
You are too dumb, this is why few people get rich with speculation. You fail to spot trends and you fail to understand where things are going. You aren't cut for this shit. If you don't see why Bitcoin is important, flush yourself.
The only demand for Bitcoin is from greedy little financially illiterate piglets and autists, so the price volatility is a reflection of this deeply irrational and flawed market.
The coin itself has no value other than for gambling and will never become mainstream in its current format, there is no hope of it ever being used in e-commerce or retail outside of people who sell weed paraphernalia and artisan cheeses.
Is OneCoin THE cryptocurrency we have been waiting for?
Bigger pot --> no volatility
regulated --> won't be seized by the FBI
Will it B BitCoin TFO?
> Oy vey!
No, seriously. I know OneCoin is Ponzi but is it in middle or late phase? One could get a return in the middle phase.
serious question : should i wait three months and then buy a single bitcoin for a couple hundred?
>Why is it getting btfo?
>Almost 10% down in one week.
>I invested my life savings into this because everyone said we we'd be hitting 1k next year.
Hope you're trolling, but I don't see anything happening until the block size has been raised.
If it doesn't get raised in the next few months, I see price *really* crashing.
And this is from a long term holder and rabid supporter of Bitcoin.
You mean like you did with your money by 'investing' in BTC?
The way that the stock market works is a lot like poker. The only way for one person to make money is for someone else to lose it. If everyone knew something was profitable, then that fact would be baked into the price and everyone wouldn't do well. It's only a few that do well by design.
>calls people financially illiterate
>hasnt bothered to understand or invest in the most exciting and disruptive technological innovation in finance since the stock ticker was invented.
how do i store bitcoin safely? is there any hardware biz would recommend?
Just relax and hold. Be happy you got in before most people learn how to buy them.
There's so many haters on this board it's laughable. These are the same people who would have witnessed the first automobile or computer and said, this is never going to catch on.
Who cares if these faggots buy bitcoin or not. I come here to talk about crypto because its a hobby of mine.
Youre absolutely correct. There will always be resistance to disruptive technology. But you dont convert these dyed-in-the-wool luddites, they merely die off while the next generation grows up with the new technology and sees it as normal.
No coiners are destined for the dustbin of history but they are too blinkered to see it.
This guy is conclusive evidence that only half-wits "invest" in BTC.
As the worst performing currency in the world, SHTcoin has done much worse, you're absolutely right.
But I stumbled upon my old wallet and turns out I have ~6.5 coins in there.
They cost me nothing, what do with them ? wait and hold or pull out ?
I heard armory is a good wallet for that, but that was years ago.
Obligatory for everyone. Seriously, put as much money you can into bitcoin, and keep doing it for a year. Then wait 10-15 years and thank me.
That's bullshit though because he assumes that bitcoin will continue to work well into the future. The age of btc scarcity may never come about due to a number of very feasible scenarios:
>A new cryptocurrency becomes more popular than btc in the black market
>btc's encryption (AES-256) gets solved (extremely unlikely in the short term, inevitable in the long term)
>a serious flaw is found in btc's security
There has already been plenty of time for BTC adoption and it simply has not and will not happen. BTC is more complicated than swiping a debit/credit card and is volatile as a motherfucker. Another solution is needed.
There are way more threats than that. Scalability problems, government related etc... I wrote down a whole list of them a while ago but I don't know where it is.
Regardless I still have 25% of my wealth in BTC atm.
420 yolo I am only 22 so I can rebuild if the currency fails.
Its convenience or in your eyes the lack thereof is only a tiny part of it.
Btc does not need mass adoption to quadruple in price. It just needs more niche adoption. And there are alot of niches something like btc could fill.
5 billion market cap is still tiny weeny for a currency.
Any new company or business that is set up around Bitcoin, if it becomes successful, could easily quadruple bitcoins market cap.
For instance p2p selling app openbazaar has the possibility to overtake ebay market share (no fees open p2p market impossible to shut down or regulate)
Something like that could easily cause bitcoin to quadruple in market cap.
On a related note, buy Ethereum
Bitcoin was in a bubble. It was receiving overwhelming media attention, and even the U.S. Congress discussed Bitcoin. All of this attention created a buzz and an over-inflated demand.
Now that the buzz is gone and people see BitCoin for what it is, the demand has crashed.
so it's good for short term, low-buy fast money kind of shit?
and what do you guys think of silver and gold?
Silver and gold doesn't have the potential growth.
Precious metals are already big. No one is going to get rich by buying physical gold. If you wanted to compare precious metals to cryptocurrency, we are in pre history at 4600BC when the first gold artifacts are found.
Bitcoin could double or triple its price in 2 months easily. With gold the same change would take 10-20 years and by that time youre old or dead
the way the economy is going looks like a massive dildo rocket heading for sector 409Z universe in the Narglarc Nebula
It's a bubble. It got pumped to 1k+ then panic sales brought it to lowest price-- now, second round of pumping to $500 then massive sell offs.
The same people that bought it for $1 and sold for 50 million pump 40 million back in at 200 to squeeze a few more peanuts out of the suckers about to lose everything
I placed a $500,000 bet back in September and just got out today. Feels really good. Someone paid $500,000 to sit in a trap with the walls closing in fast
I had 3000 coins paid to me a long time ago as a sales commission- sold it for pennies.
Big regrets about that so I threw 500k in September, thinking there would be another pump round.
Came out with 450k- pretty nice.
Lol you sold and you hope the price wont go up more. You'll be like isaac newton during the south sea bubble.
Incidently the south sea bubble dwarfs the btc bubble. I think his bubble isnt finished
I don't care how far up it goes- im safe.
When it goes down to $50, I will scoop up 450k in coins and sell at 75
this is a classic bubbel- if it goes to 750, then to 50, i will still buy
The thing is, Btc wont follow your plans. You have no idea what could happen, BTC or one of the altcoins could shoot up to the stratosphere and never come down. Because you sold all your btc you will be too late.
There are a million scenarios where selling now was a mistake. The endgame for crypto is the eventual replacement of fiat. The only sure strategy is buy and hold. There is no way you could have known btc was going to rise. Anything could have happened.
Oh don't worry about me, this isn't my first rodeo.
If another coin looks like it is gonna bubbel I will sell my BTC and buy that and sell when I think it's gonna pop
The thing is- endgame, cyrptocurrencies, blah blah blah.
It's all bullshit. This is penny stocks boy- I was pumping those when you were in the crib.
Wait you're that guy that spams 50$ bitcoin posts in bitcointalk.
There is only on person in bitcointalk that spams accounts with 1 post that claim its going to 50$s.
I followed some of the posts with the legendary or hero accounts and use the coinmarketcap chart to see the times when the posts are being spamed of a dump, or a BUY NOW posts.
The dates are 3 days apart when they do the opposite of whats claimed to be.
SO i'm guessing less then 3 days from now bitcoin is going to jump 5%-10% from now.
Let's see if i'm correct.
I'm going to archive this.
Yea generally were going back to the depreciating USD and failing ponzi economy and maybe travel back in time using gold and silver metal bars.
I mean surely were going to trust establishments like the banks and other mickey mouse bullshit after our quality of life gets rolled by this stock market right?
If the view is cryptos will fail, we all go to hell in a handbasket.
this is the first time I have posted on bitcoins, ever.
I'm saying they go up to 750, then to $50.
Go ahead- archive it.
It may VERY WELL go up 10% tommrow- it also could go down to $50.
Any week now. It's a waiting game- who knows.
My money is shorted against nvidia for now, will buy the stock to pay back the short for $20 a share in a few weeks
Look- I don't make bets about this or that. I just make bets that this stock is gonna be up %1000 in the next month, or this one is going down %66- you get it.
Personally, I think real estate is a HUGE bubbel but I don't have the money to just short sell it for 3 years- we'll see when it pops.
3-6 months is the housing bubble
Also there are 2 posters from what I have seen here that have a 90% succession rate on stocks, I archived it.
So 2-4 months for the housing bubble short?
But as soon as I found out what bitcoin really was *made by the NSA* the returns are going to be the most astronomical, and if that does not happen, its going to be ethereum or XRP.
Who knows when the housing bubble with collapse.
It could be in 6 months- but maybe it goes up another 100% in those 6 months, you know? It's a bubble- that's what they do,
So we sit and we wait, for the bubble to go *pop*.
The smart people are selling now- because no one is so smart they see it coming but the smart people... we smell it in the air.
It's not safe to short. We short stuff sitting at 250% monthly gains and goes down 10% in one day and short it hard.
When real estate goes down, big time, to 2009 levels the smart people that sold NOW will buy for peanuts and as much as they can.
I've got a lot of money effectively leveraged gold- scrap gold.
Bought it a few days ago. Millions of dollars- we will see. Will go up when real estate goes down.
Could go up to 10s of millions, will sell it for real estate
bitcoin is so boring lately, mostly days or weeks of sideways movements then a 10% move in either direction
there's no hype anymore, theres no flood of new buyers to push the price.. it's just bots playing ping pong.
the majority of people are too computer illiterate to buy a bitcoin and are too impatient to figure it out. if it takes more work than typing an opinion and pressing send, most people arent going to bother.
Wrong- it's been going up, and up.
Everyone is catching on 'buy this. it's gonna go up'
These people are what we call suckers- they think it's gonna go up forever
the smart people are selling now for 450 that bought for 200- the really. really, smart people will sell for 700- and it crashes at 705 to $50.
The people that thought they were smart bought for 200-700 depending on degree of stupidity and will sell for $50 to me.
I personally think bitcoin has a huge minority, and the price is manipulated somehow. Bitcoin does not react to news for shit.
The Market reacts the opposite actually, Black Friday and Christmas were all 20$-40$ pumps.
The moment people start screaming ITS GOING TO DUMP because of XXX
It fucking pumps
When CNN business, Wired, The Guardian, Reuters,Reddit,4chan Says something positive about bitcoin?
It fucking dumps.
It's buy the rumor sell the news.
People insider accumulate, then when the news hits, they dump all over the poor faggots.
When people scream its dumping or X reason, it fucking pumps. this shit is so stupid.
I found myself just shoving 50$s in shitty useless altcoins, because some random chinese pump group pumps it hard as fuck, then when the news hits altcoin websites, I fucking pull the fuck out.
that's my secret, I use paid shills to know where the price is going
>bitcoin went +10$ just now
$10 here, $10 there...
this is smart people selling off to suckers
we'll see. There is still room for growth- maybe 50%.
at the end of the day, it's who got caught with their pants down
That's the same thing I told people when bitcoin was at 900 about it going to 200 because I was gearing up to sell them
Let me guess you got them for 200 right
But they're going to 10,000!
No. They aren't- sell them while you can
I guarantee you that you will see some coin you've never heard of go to $1000 in the next 5 years.
If you've hear about it, it's some penny ante stuff getting shilled- you wont hear about it till it's 100
That's when you get in, and hope it's not a short term pump that you misjudged.
Bitcoin was a long term pump- it's time to dump
>Why is it getting btfo?
Because it's not truly anonymous or decentralized.
A truly anonymous and decentralized cryptocurrency is a nightmare for control-freak politicians everywhere.
Bitcoin is a wet dream for control freak politicians.
No but really:
China is scared- market is closed. No one can sell stock in china because it shat the bed so hard- they are pouring money into the bitcoins-
When the stock in china collapses, the bitcoins will collapses too as chinse try to withdraw money to pay for their 1 million dollar parking spots in hong kong