ITT: if you have Bitcoin, reply with ''Yes''.

Yes.

>>734715248
I am not a cyber-criminal, so no.

>>734715248
I am not on the hype train so NO.

but I would like to short it at the future.

>>734715730
>>734715467
>>734715248
samefag

>>734715248
yes
and others as well

>>734715248

Started out with 40 BTC two years ago, but since diversified into other technically solid cryptocurrencies with a promising future such as Ethereum, Monero, Zcash and Byteball. Still holding 20 BTC though.

Since 2015 my portfolio has grown 10-fold, from $20,000 to $200,000 now. Laughing at all the newfags who think cryptocurrencies are only hype or for criminals.

>>734716371
basically this

Hell yes. Any tips for newcomers?

>>734716619

1. don't invest more than 20% of your savings ("only invest what you can afford to lose")

2. hold for the long term (at least 1-2 years). there will be ups and downs, but those don't matter for long term holders, since total market capitalization of cryptocurrencies will almost certainly continue to go up in the long term (like usual stock market, only at faster rate).

3. Diversify. Don't just only Bitcoins, but also some other coins with potential. In the last 6 months the market share of Bitcoin decreased from 50% to 20%, because investors are now looking at the more feature-rich 2nd generation cryptocurrencies (e.g. Ethereum, Monero, Zcash) instead of 1st generation (e.g. Bitcoin, Litecoin, Dogecoin).

4. Spend some time educating yourself about promising coins before investing in them. It's the least you should do if you want to get rich.

>>734716371
dude I don't fucking invest with microlots or minilots. BTC is not a store of value. banks are going to drop it one day.and that day I will be short on it.
it is too volatile for any sane investor. so why is it so up? thats because some investors who have so much money and control that they are not afraid of volatility, create volatility. we call them banks. and do you think banks are going to buy btc untill infinity?

>>734717480
THIS....

https://en.wikipedia.org/wiki/Pump_and_dump

>>734717480

How do you define a store of value? Anything that people attribute a value to will have a value that way. At least Bitcoin has some useful purposes, unlike rare stamps or famous paintings.

Why is volatility a bad thing? It can make you pretty rich unless you panic-sell. And you should only invest in high-risk assets what you can afford to lose anyway.

>>734717480
golly, I guess you just proved that bitcoin is worthless. It will no doubt be gone by tomorrow. $2500 per coin is the highest this hype train will ever go.

>>734717749

only a problem for shitcoins that don't have a future anyway. Also refer to point 4. above (educating yourself about promising coins).

>>734715248
Wumbo

>>734717766
paintings or stamps are not stores of value. don't be fooled by media. for something to be a store of value it must be backed by politics. for example dollars are endorsed by the biggest bully of the planet. another example is the manufacturing cost and NEED for gold. again DIAMONDS are not a store of value because try and sell them lol.

anything ppl attribute value do nnot necessarily have value. for example; would you buy a picasso if you had just enough money? maybe you would but I wouldn't because it has "relative value". now try and make jews invest in relative value lol.


volatility in next post...

>>734716619
welcome to the pyramid scheme

>>734718147
I may buy BTC in the future. don't get me wrong. I would never buy now. volatility is scary. because I am not a day trader. day traders live until they are 45.
I also can't afford to lose 0.01% of my money. I am not a gambler. I can't imagine gambling my 20%. I like to put my money where it is safe and profitable. for example russian rubles give 15% and they have been increasing steadily for a long time. I also like gold. I am an austrian anyway. now russia is not a stable economy thats why I don't get their stocks but russians NEED to use rubles. there will always be some demand for rubles. If putin dies and some liberal bank cuck comes into power I would no longer hold rubles.

an investors first aim is to stay in the game for as long as possible. not do or die.

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BTC is a part of "the everything bubble".

for 5 years now people are saying that it is a bubble and it's about to burst every moment

and every time BTC crash by 50% these people try to finish it and bury it

but BTC comes back much stronger than previously

in short: get BTC now and have a happy rich life in near future (5 years?)

>>734719476
but why not get it when it crashes? why when it is 2000$ and not 500$??? won't it never crash again?

i am trying to get into investing, i've read that one of the most basic ways to start is laddering CD's. your thoughts?

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ITT: /b/ proves how retarded it is

>>734719752
best investment is to open a cafe or a restaurant depending on your education and where you live...
financial derivates are gambling in most cases not investment.

Whenever I have bitcoin I just gamble it away in an online casino lol, life is too short to invest for years.

>>734717440
>("only invest what you can afford to lose")

("only gamble what you can afford to lose")

>>734719979
lol most restaurants fail within their first year and the rest are marginally profitable after labor costs..

you give horrible advice.

>>734716371

turned $20,000 into $200,000 in a month! try harder!

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>>734719689
it lost 35 % of its value a week ago
and it already recovered by 25 %

of course, you can buy it next crash but it will be like at... from 3700 $ to 2900 $ in few months

and the price now is still cheap compared to it

in other words
>no matter at what price you buy BTC
>after a year you would be happy you did it a year ago

>>734720085
Not where I live.

I give awesome advice.

XVG represent. No brakes on this train

I had a few hundred bitcoin, not even joking - bought them drunk as fuck forever ago cuz I needed them for some Tor shit. Forgot all about it. a few years back BTC takes off. Can't find wallet. Can't find password.

probably didn't matter because mtgox went down probably taking all my shit with it.

still made me sad though.

>>734715248
yes. Want to convert to ether tbh.

What are we saying about Etherum? I've been bulk buying these coins.

>>734719689
yeah I was waiting for it to crash a year or so ago.. told myself.. well if it hits $100 again, or something, and it never has.

>>734715248
Yep, quite a bit actually, I sell on the other web.

>>734716371
>Laughing at all the newfags who think cryptocurrencies are only hype or for criminals.

your currency is completely manipulated - look at this way. if you can't tell who is getting cheated - it is probably you.

People who have bitcoins think they're so edgy

They all always have a "I know something you don't know" look on their face and look back over their shoulder, hoping someone is following them so they can feel like a cool/bad boy hacker from the movies. Dick heads.

>>734720284
drug dealer confirmed

11 BTC
30 ETH

used to be a shareholder of friedcat BTC ASIC company until the shithead disappeared with my riches

laugh all you want, I talked my mom into buying 1 BTC when it was @ 500 dollar

>>734720344

dubs and wisdom

>>734720344
all currencies and gold are manipulated but at least they are backed by states or have intrinsic value.

also FED BOE BOJ etc would never give in to some neckbeards in their basements. They are going to crush it when it is large enough to be worth it.

>>734720458
I got fucked by friedcat also the cunt.

>>734720033
At this point, it certainly is a gamble. Something like Bitcoin is a new technology, and it might be surpassed by a better cryptocurrency in the future. Somebody could say "hey look, my quantum computer broke bitcoin lol" tomorrow and its value would plummet, it would become worthless overnight. But until that happens, it has value and will certainly be volatile, losing and gaining value voraciously.

The way I see it is this; Bitcoin has proven itself to gain value. In fact, it seems to outdo itself more and more. 2013 was shocked that it was over $50 in value, 2014 was shocked that the price is over $1000, and 2017 is shocked that it's over $2500. In 5 years, Bitcoin could be in the dust or well over $10,000. That's a risk I understand, and a gamble I am willing to make.

But I know that I'd certainly be kicking myself in 10 years if I lost a million dollars in possible value. I'd be more upset at that than if I'd lost my $2500 today. And so far, the road there is looking pretty good. That's why I invest.

Yes.

>>734720523
>They are going to crush it when it is large enough to be worth it.
they won't have to crush it. banks are already use block chains in experiments. One day there will just be an alternative that you can use anywhere - paypal or similar company will own it. btc will stop growing. people will start to slowly cash out. value will keep dropping, etc etc.

>>734720606
yeah or this. I bought one at like $500, just because if it ever hits $10,000 I don't want to be kicking myself. I fully expect a few more crashes though. China will outlaw it, US govt will try and tax it, someone will fork shit successfully - who knows.

WARNING: BITCOIN IS GOING TO COLLAPSE VERY SOON BELOW 1K

Yes. Like any forward thinking person, I have big investments in cryptocurrencies.

>>734719758
Thats every thread.

>>734720207
>I had
>mtgox
you had nothing if you've let your wallet be hosted by someone else.

>>734721104
Exactly. Never let your coins sit in some other guy's exchange. Put them somewhere else. Like your own wallet.

>statistics
>implying there won't be a disproportionate number of yeses cause people with bitcoin are more likely to post in a bitcoin related thread

also yes and it spiked recently so I bought some celebratory darknet drugs

>>734720795
OH NO THATS LIKE

2 ENTIRE MONTHS

BITCOIN IS FINISHED!

>>734721313
>>734721104
well it wasn't that big a deal - I spent like $20 on it. didn't think it would ever go anywhere.

>>734715248
No, is it worth getting into? Or has that ship sailed?

Guys. Bitcoin simply can not work on the long run. Why? Because:
>fees for small transactions are simply too high. 1.5$ for current bitcoin price and if it really hits 10k, then it means fee is going to be 8$ already. Simply not useful for a daily usage where you just want to buy a beer with your bitcoins. It can't work. I won't even start with transaction delays which goes up to 2 hours nowadays

>>734721623
not right now, wait till after it crashes. its gonna soon.

It is so profitable. But why doesn't governments, central banks, banks, big corporation, investment firms etc. doesn't have any Bitcoin? While it is making a killing? something is not right?

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You know what to do m8

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>>734722051
if banks and government start pumping money into BTC it will skyrocket

BTC is a competitor to banks and its monopoly to print money
they can not press a button and make billions $ out of thin air like they do right now

>>734721896
Don't use it for tiny transactions then???

With a bank, if I wanna move 1K it would cost me 40 dollars and I'd have to wait a few days for processing. I can move that much BTC in a few minutes for $2.50. If I wanna use it for something small like groceries I'll use Bitpay or some similar service.

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i only have .00001,feel free to donate some to me tna.tks

>>734715248
No

>>734715248
No

https://www.youtube.com/watch?v=HRwUMD8UQK4

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I just want to play Battlegrounds pls help this poor faggot

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>>734722531

>>734722659

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

"This one time, Bitcoin went all the way up to $2,500..."

>>734720240
ethereum will skyrocket as banks are very interested in this because of the potential for it for legit transfers with attaching data to each transaction. ETH is already being used to secure business contracts and such, bitcoin is sky high atm and will continue to climb undoubtedly, however I think ETH has potential for the same margin.

I brought a load of BTC 2 years ago approx £2500 worth, now its worth £90k.

>in
>2
>fucking
>years

Youd be stupid to keep your money in a 'high' interest bank account these days,

>>734722473
Are you kidding me? I move a million dollars every month and I pay zero dollars to the bank. They are just happy for their profit from 0.0001 interest. Also transfer takes 10 minutes at most in same state.

>>734722473
That's all fine. That's what I'm saying, bitcoin is never going to spread much more than it already is. It's stagnating now, because those with big money already heard of it and using it.

I say wait for the "crash", buy some bitcoin and then start trading altcoins and especially Ethereum, which is way more fair and faster for normal use.

>>734722890
What if you wanna move that money across state lines? Or to another country? That's what I'm talking about, my guy.

Something along the lines of 6 yrs ago someone gave me 0.1 bc. Didn't claim it. Thought bc was dumb and would remain worthless. It would now be $257. Oh well.

>>734722473
>If I move 1K it would cost me 40 dollars
>I signed up for a bank that charges for the most basic services
herpderp. You are a dumbass and your argument is invalid

>>734723139

Why would you?

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can i pleeeeeeease have something ?

>>734723351
I didn't sign up for it. Those are just the numbers I hear on a radio ad where I live. It sounds pretty shit to me, but I figured it may be a standard amount. :)

>>734723479
OMFG I live in a third world country. When I want to go to EU or USA they want to see my bank accounts before giving me visa. What am I going to do with Bitcoins?
>Here MR.EU I have a lot of digital currency which may or may not be worth billions or zilch in a couple of days. Please gib visa.

>>734715248
I want to buy 10$ worth of Bitcoins. How do I buy it?

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>>734723771
You just give your friendo $10 bill for the weed and be on with life.

>>>/biz/

>>734720167
where u live?

>>734719758
Cool pic

Someone send me a bitcoin so I can say yes.
1GNnpVPm2Kvw9fk
XWuRaFpN7e8mRqjez6c

>>734725674
>a bitcoin
>asking people to send you $2543

I'll send you 0.0001 bitcoins

>>734720795
CAPS LOCK ON SO MUST BE EXPERT TALKING

fucking sadly I was aware of bitcoin back in 2010 when it was around $10 but didn't really believe it would go anywhere so didn't invest.
mfw it went over $2000 a fucking coin
oh well, it's not like I actually lost any but still I wish I had taken the plunge back then and bought some

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>>734715248
YES!

>>734726021
What does "Fee" mean? By receiving bitcoin I am technically overdrawn?

>>734719758
>https://en.wikipedia.org/wiki/Pump_and_dump
This looks like the work of Studio Ghibli...

>>734726401
it was pretty hard to BUY bitcoins back then too, the ecosystem just didnt exist

>>734726480
no, the sender pays the transaction


and dont listen to the guys saying its a high fee, its extremely low

>>734726480
basically I paid a fee to send it to you, and I chose the lowest, slowest option. Still cost me like a dollar to send you 25 cents. Don't spend it all at once.

>>734715248
Yes
1AHtBK1DcrZtMiMBH m8VdaRqRHXZUat2Dd

>>734726999
Ehh so how much would it cost me to send it to someone?

>>734727354
Sorry, the fee was more like 50 cents. so, if you want to send it to someone you'd need 0.0002 more bitcoins (50c USD) to send it. The amount of bitcoin you have is so low that you literally can't send it to anyone as far as I'm aware.

>>734727615
I'll just sit on it until a bitcoin is worth $1m, then I'll have about $100

>>734726548
there were vendors around to buy and sell and i would have probably gone with mt.gox so may have lost them after it imploded knowing my luck

>>734728002
That's the spirit

>>734715248
Yes
For ppl that haven't got no bitcoin money and just want a tiny little bit of bitcoins there are some faucets that pay of some money. It's mostly shit but if you like gambling its kimda a time killer. I use freebitco.in/? r=1977025 (yes it's a fucking ref link, don't be a bitch about it, delete it if u want but you'll get 5% from my earnings with it).
Faucets are funny but not very useful. I recommend buying some coins from coinbase and experiment with it/ watch them change value. Enjoy.

>>734715248
nice try FBI