How close are you to reach the 21 BTC dream? Are you part o

>>1460332
I never got that chart.
It's a bunch of stuff followed by the biggest contingency ever. "If 5% of the world market goes into Bitcoin"

In any case, I'm a poorfag college student and have approximately 1/10th of a coin.

The problem with bitcoin is it's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.

And it's a terrible idea. You spend more on your parents' electricity bill and replacing burnt out GPUs that your parents buy for christmas and birthdays than you actually theoretically make.

Bitcoins are basically just this weird attempt by libertarian children to make their own currency and play stock market and dodge taxes.

>>1460345
either join the tech class, or buy a rope

I have a second machine I put together with an i5 and rx 480. Can it mine?

I refuse to use my main computer for it.

>>1460345
>complaining about how few people can access the internet in 1990
Bitcoin will be what banks the 4 billion unbanked people in the world you doofus, not Goldman Sachs.

https://www.youtube.com/watch?v=9mBc0Zk1YWs

I hope you are trolling or being sarcastic anyway.

>>1460347
Here's the thing. Not everyone can afford computers. But everyone can afford cash. Your average inner-city socioeconomically disadvantaged youth might not be able to afford computers, hardware wallets, and bitcoin is just difficult to use in general without some computer knowledge, something that many disadvantaged people do not have.

>>1460345
Is this some sort of ruse? Even niggers in Africa have smart phones now ,and nobody can mine bitcoins in their bedroom anymore.

>>1460356
Why not ?

>>1460332
>not getting xmr

kek btc is only a thing cause of the dank web

>>1460360
You need a warehouse full of rigs and cheap electricity ,its all centralised in China now don't even bother you will just waste electricity.

>>1460345
>heterosexual
>implying sexual orientation depends on economical class

Retarded.

>>1460381
This. Most people who buy bitcoins are total faggots so I don't get the 'heterosexual' bit either.

>>1460355
so, there are these things called Libraries. You an go there, get on computer, for free. get on the internet for free. You can get a cheap laptop on craigslist for less than 100 bucks. Instead of learning about Basketball and buying weed maybe learn about money and how you are being screwed.

>>1460366
>xmr
I hope you sold already. Buy ETC, it's cheap, wait for the next pump and get more BTC.

>Here's the thing. Not everyone can afford computers. But everyone can afford cash.

Here's the thing: Everyone owns a SMS first generation phone in the third world now, and a single phone with SMS can be a bank in a post-Bitcoin world. Imagine the possibilities.

Also, in 10 years cash will not exist, there's an agenda to get rid of cash. You are out of the loop and the type of moron that always misses the paradigm shifts, fails to capitalize and cries at the people that got rich in the process.

>but muh cash will exist in 10 years

https://www.youtube.com/watch?v=JwkC8WaN5T4&t=30m14s

Get real. The "GovermentCoin" is comming, and people will not magically want to start paying all taxes and stopping having 0 financial freedom. The only alternative will be Bitcoin. Do the math.

>>1460355
>and bitcoin is just difficult to use in general without some computer knowledge, something that many disadvantaged people do not have.
We are still in the early days, this is like complaining the internet is a mess in 1990 and only geeks can use it.

Kys if you use this copeargument again.

>>1460410
Is this how nocoiners cope now?

>>1460454
How does your sexuality relate to how well nocoiners cope? We cope fine with or without you taking hotdogs in your bun. Your faggotry is your own business, man.

>>1460450
They'll make BitCoin illegal once GovernmentCoin comes on. The entire reason they're allowing all this coin BS is so the open marketing improves the system before they copy one of the best for their own use.

The government as an entity isn't book smart, but it is cunning and defines the laws which allow it to corner any market. Exactly why they can host lotteries but you can't, despite it not having anything to do with a government's responsibilities. It's easy money, and they want it all.

>>1460360
>>1460379
Do people not know this? Btc difficulty is so high only data centers full of asics can mine anymore. It isn't 2012.

>>1460500

um.. for now.. there is no ONE government.
Thats like if england decided to ban TCP/IP when the internet came out. Thats the fastest way to go from the financial center of the world, to north korea. Lol..
good luck

>>1460518
The only government that needs to make it illegal is yours, then you're stuck with their GovCoin which will likely be pushed by USA, EU, Canada, and AUS. UK might fight it, they fucking love the pound and ditched the EU.

How is this any different than hoarding gold or any other commodity? It's basically faith in higher demand or the world crashing.

>>1460500
>They'll make BitCoin illegal once GovernmentCoin comes on.
They will shut the internet down? because that is the only way to damage it enough, and even then it would still survive.

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>>1460529
BTC is tiny, growth potential is insane.

>>1460656
They don't have to damage it or shut it down at all, just make their citizens face fines for being caught using it plus jailtime for repeat offenders. They'll spout something about it being used on black market for drugs or for corporations to dodge taxes and not nearly enough people will fight them over it.

It's the same approach as:
>Running lotteries
>Casinos
>Marijuana
>Alcohol during prohibition
>Unlicensed Arcades in CA (it costs 35k to let people play videogames at your bar, or go to jail)

They can make whatever they want illegal. They don't have to prevent people from doing it, they can monetize off arresting them.

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>>1460660
Not to mention the objectively superior qualities.

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>>1460667
So fucking what? When the internet started they said it was for criminals, it eventually exploded and they couldn't cope anymore with lies.


In any case, working under the counter is illegal, yet the underground economy is huge since tons of people are surviving due avoiding taxes. Do you expect those people to suddendly start paying every single tax, or they will keep going for an alternative?

Not to mention that whales putting their money in Bitcoin would drive the price to the moon, and there is obviously a demand (just look at the Panama papers shit)

You are an idiot if you think Government propaganda matters in all of this.

>>1460675
Hey, maybe I am. Put all your money in BitCoin.

>>1460695
Or ethereum

>>1460345
I know this is a shitpost but even the poorest third worlders who can't afford toaster PCs have smart phones.

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>>1460332
I sure hope you're right, peasant.

21 isnt a dream, neither is 210, maybe 2100.

>>1460345
Take that commie bullshit back to tumblr

>>1460894
21 is more than enough if it blows up because 21 million people cannot each own 1 btc each.

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>>1460734
I wouldnt keep any more than 20 percent in eth+c as it stands today

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>>1461020

>>1460780
>online wallet
You are not gonna make it. Also the screenshot is probably fake anyway, anyone can tweak html on a page.

I joined a pool in 2013 and should still have 0.56 BTC. How to sell this?

>>1460734
Eth is a mess

>>1460345
>Bitcoins are basically just this weird attempt by libertarian children to make their own currency and play stock market and dodge taxes.

Bitcoins are basically just this weird attempt by libertarian children to make their own currency and play stock market and dodge taxes.

fucking lol, copypaste or not

>>1460332
oh wow, a person who owns bitcoin is shilling bitcoin? Damn, this is the third one today.

>>1460332

If someone finds out how to counterfit this shit, the whole thing is gonna go to zero in about 24hrs.

>>1460332
Why would 5% of global trade center around bitcoin in 2026 when literally hundreds of competitors exist and some have more utility?

>>1461019
I would rather have 10 or 100 X when orif it eventually does.

>>1461108

Counterfiting bitcoins


OH HOLY SHIT WEW

WEW LAD

WEWWWWWWWWWWWW!


WEEEEEEEEEEEW! Nice copeplay,

WEW LAD I haven't laughed so hard in ages,

Wew lad, wew.

Thinking about buying 2 BTC and holding until it goes mainstream.
But I'm not sure if that will actually happen.

>>1461250
no one is sure about anything, but I think buying 2 BTC is worth the risk. worst case scenario you lose $1k. Best case scenario, you have a small fortune. you do the maths.

>>1461267
Well, I'm also worried that this will take 10 years and I'll lose my wallet in the mean time.
I've never messed with cryptos before, so I don't have any experience. How easy is it to ensure a wallet can't be lost?

iTT:. What happens when third world trash shitskins and retards get access to the internet long after it became popular

There's no reason to bash bitcoin, and you don't even belong on the internet if you can't appreciate it or have a scamcoin agenda (lots of altcoin shilling going on)

>>1460332
Here's a thought. If you don't like your country's currency, use a different currency that doesn't require spending insane amounts of money on electric bills, or even better, don't be a puss and start minting your own black market currency.

>>1461291
I make money elsewhere and don't need this crap.

But you're damn right I'm mad. For one, I'm not some greedy fuck who thinks money I didn't make is somehow a loss. Two, I didn't actually lose any cash because I never trusted the shit enough to go near it.

But I have lost. I have lost precious time reading about it and hearing people cry about one damn crisis after another. I have lost time reading and learning about it and wasting five seconds of faith that it was going anywhere by wrongly dignifying it with legitimate attention. I've wasted countless minutes and calories learning about some faggot nerd shit only to ultimately conclude the whole thing is some autistic online game played by losers who think clever little software exchanges represent wealth.

Hell, I'm wasting time on it right now. It's a fucking black hole that's all about discussions and talk and no god damn actual business.

And then there's always that guy. If you point out any criticism of BTC, some shill jumps in with "it used to be worth nothing and u mad it went to $1k lololololol!"

Just because some poor sap will pay $1k for a bag of shit doesn't make my toilet a gold mine and flushing does not constitute a fortune lost, you daft fucks.

Bitcoin shills are like goldbugs on crack. Its all about being viewed as 'right' no matter how shitty the evidence is. That's what they love more than profit. Its some sort of autistic cult. You can't convince them the hole thing is a waste. Bunk. The currency' of hubris colliding with ignorance. They should have called it BabelCoin.

BTC goes up "I have something people pay for! I'm a genius!"
BTC plummets "It will be worth a fortune any day now"

I cant tell if they are crazy or retarded.

If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a currency that doesn't even really exist, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC stock and more time getting remedial education.

The USD is backed by the "full faith and credit" of the United States of America. That's why our currency is the most desirable and the rest of the world relies on it for trade.

Bitcoin is backed by the full faith and credit of who? basement dwelling computer nerds, libertarian lunatics, and chinese speculators?

>>1461315
>>1461321
Did you know a mint condition Black Lotus from the original first edition of Magic: The Gathering is worth over $30,000?

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>>1461315
>>1461321
2/10 for getting me to reply

>>1461321
>The USD is backed by the "full faith and credit" of the United States of America
stopped reading there. The USD is backed by nuclear weapons, nobody trusts the united states, especially when it comes to credit.

>>1460345

You can spend or receive bitcoin with a smartphone, that's not a particularly high level of technology. Saying the bitcoin is inherently classist is the same as saying clean water is inherently classist because only those with moderately high levels of technology can receive it.

>>1460529

It is alot like that, but for a fact we know that there will only ever be 21 million bitcoin, and there are at least 7 billion people on earth right now. There's not enough to go around.

>>1460667

So true, your gov could easily take steps to make money flow into and out of Bitcoin much harder.

>>1461108

That's not how any of this works

>>1461250

Buy .1 to practice. Then get an extra 2, at least you will have 0.00001% of all Bitcoin to ever exist. Back up your shit on paper or USB, do it twice or thrice, stash one in a safe deposit box at the bank, give another one to your mum or something to keep safe. It all helps keep your shit safe.

>>1461321

I advise you not to read this comment in order to spare your precious time
You can read up on the legal status of Bitcoin here https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

>>1461321
The USD is backed by the "full faith and credit" of the United States of America. That's why our currency is the most desirable and the rest of the world relies on it for trade.

HAAAAHAHAHAHAHAH oh shit, you were doing so well until this. You dumb fox news dick sucking faggot bwahahahahaahahahahahahahahahahahahahhahahaha

Oh fuck, I can't breathe. You just had to go full retard. You just had to. Pffffbwahabahahahahahahahhaha kys hahahahaha fucking dooooo iiiiittttttt ahhahahahahahaha

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>>1460675
Russia has been scarying people with bans for years, yet russian BTC volume is at all time hights.

Bitcoin cannot be stopped. Get in now or die later.

>>1461130
>hundreds of competitors
Eeh, Bitcoin has no real competition. No coin can be as safe, secure and solid as Bitcoin unless they have a time machine to invent it earlier and survive for more years than Bitcoin.

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>>1461315
It's ok grandpa, go to bed.

>>1462158
Russia can't ban bitcoin you dumb nigger. It's literally impossible. Stop spreading FUD.

>>1460780
billionaire in the making

>>1460332
I'm super curious. For those of you who are sworn in blood to Bitcoins, how do you respond to the fact that the market tanked just because SA made a joke?

http://www.somethingawful.com/news/attack-of-bitcoins/1/

>>1460332
It's more likely another crypto would take its place before then.

Besides, having a limited amount of something doesn't increase its value necessarily.

>>1462211
>http://www.somethingawful.com/news/attack-of-bitcoins/1/
The market is 10 billion dollars, it's 5 times smaller than fucking Uber. This only means someone owning 21 is a visionary/pioner and will be rich as fuck in 10 years.

The SA story is memebait from 2011 when marketcap was micro.

>>1462257
No. No other fucking crypto is taking Bitcoin's place, get it throught your skull. No one is going to put serious money outside of the bitcoin blockchain, because Bitcoin's blockchain is the longest surviving chain and no other coin can claim that, and that is a key aspect.

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>>1462257
>Besides, having a limited amount of something doesn't increase its value necessarily.
Yes it fucking does, if this something has objectively good features as money (and Bitcoin is the best money ever), go back to school

>>1462472
>This only means someone owning 21 is a visionary/pioner
You are retarded as fuck. Bitcoin is going to be $1 million per coin. That means that even if someone has just a couple bitcoin they will be rich as shit. Stop trying to convince people that you need 21 bitcoin, faggot. You are underestimating how big this shit is gonna be.

>>1460345

I dont have a smart phone. are you calling me african?

>>1462473

> Bitcoin's blockchain is the longest surviving chain

yes, we all know that the oldest technologies are often the most expensive. its especially true in software.

>>1462478
Owning 21 btc is just symbolic, it's
it's not the target needed to get rich

>>1462473
I'm not saying some current altcoin is going to take it's place. I'm saying it's more likely the next big advancement over current Crypto is more likely to take its place before it goes to the moon like every bagholder insists.

>>1462475
No it doesn't. If it did, people would be offering you money on your disgusting, one-of-a-kind toe nail clippings. They have no value. Demand is the other end of the equation. Rarity does *not* ensure value. Go back to school.

>>1462673
On the other hand why switch to another coin when Bitcoin has such immense computing power securing the network ? And the longer Bitcoin exists the more it will become accepted as a reliable store of value,a newer coin will take years to gain acceptance and trust when Bitcoin already has an advantage.

>>1462692
The same reason people won't switch from the dollar.

>>1462726
True that will take a long time but I think phasing out cash will be the catalyst ,the world is becoming digital.

>>1462735
Dont agree with him you stupid faggot. Bitcoin is revolutionary. I hate it when you dumbshits side with nocoiners. Kys

>>1462753
wtf I hate fiat now

Anyone got the link that lets you buy BTC online via debit in canada? I saw it a while back but forgot to bookmark it. I've won fairly big at the casino and wanna dump in BTC

What site do you guys recommend for purchasing bitcoin?
And is there a possibility of these sites shutting down and losing all of your bitcoins?

>>1462794
I use coinbase because I found it the easiest and quickest way to get btc as in in the uk and everywhere I looked required a bank transfer but with coinbase I can use my debit card,I had to submit my drivers license and within 15 minutes of that I could buy Bitcoin ,i buy btc purely for long term investment so I figure I got nothing to hide,the fees have gone up though so I'm considering my options.

Never leave your coins on an exchange ,as soon as you buy them transfer them to your own wallet,as long as you remain in control of your private keys its impossible to lose your coins or have them stolen.

>>1460332
Mint your own currency, sell it, be a king in your town, and be stealthy so that Goldman sucks doesn't trace it back to you.

buy ethereum

Why are there so many types of bitcoins?
DOGE, ETC, ETH, EXP.....
Should i just stick with BTC?

>>1462660
It's impossible to not be rich when you are in a group of less of 1 million people considering the total population on earth is a potential bitcoin user eventually (and we only need a couple of whales to push the price to the moon anyway)

>>1462673
Any technology worth implementing will be built on top of Bitcoin protocol, just like TCP/IP. Goback2schl

>>1462888
>implying there will only be 1 million bitcoin adopters in the future
Kys faggot. Bitcoin will be used by billions someday. Buying less than 1 btc now will put you in the wealthy elite. Stop being so stupid.

What the fuck is Etherium and should I buy some?

I just remembered I have a total of 0.00005 BTC from years ago. Hooray for me.

>>1462935
That is exactly what I said you stupid fucking retard.

>>1463005
You were saying you need to own 21 bitcoins to be in the wealthy elite you dumb nigger. 21 bitcoins would be fine if there was only a million bitcoin users but there will be billions. Even 1 bitcoin will make you richer than you could ever imagine. You're just too fucking stupid to see it.

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Is there a possibility of BTC's value being compromised by the advent of quantum computing? I.E. quantum computing based programs could be crafted to mine BTC at a rate that destroys their value.

>>1463043
How would that destroy their value fucknut? Bitcoin is capped at the amount of bitcoin that can be mined a day regardless of how sophisticated the mining hardware is. If anything it would make it more energy efficient. Wow there is some fucking retards on this board.

>>1462771
Localbitcoins?

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>>1463054
Word. Thanks for explaining that to me. I'm not well-versed in bitcoin so I can understand that I came off as being ignorant. It's cool that this cap exists and would prevent advances in computing power from affecting its value.

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>>1460332
Just lost 35 BTC on ETC this week. sup.

>LOSSES ARENT REALIZED UNTIL YOU SELL, MOON SOON!!!!!

>>1463099

I don't understand why people still hold ETC

>>1463043
>>1463054

Quantum computing in theory would be able to break any encryption, so the entire blockchain would not be safe.

>If X, hear me out guise, if X happens to Y, then it'll get Z!
>If my 5 Bitcoin get to $200k each I'll be a millionaire!
>My god I am so smart

This is called dreaming, you're just typing big imaginary numbers into a calculator and pressing =.

Bitcoin is how old now? It remains niche as fuck. I was on board for a few years, with Ethereum too until their Reddit-tier faggotry eternally assraped the entire project.

It's time to make some real money mate. Initial Bitcoin was a once in a lifetime thing.

>>1462692

Ethereum is more useful, you don't even need to own any Ethereum and you can still benefit from the block chain.

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>>1463115

This was the basis of my initial concern.

>>1461247

What I should have said is "modify".

What's to stop a dilligent group of hackers from finding a way to change a Bitcoin file from 1 BTC into 1,000 BTC?

>>1463158
that is not at all how it works

>>1460349
You're past point of butt coins at home. Either mine ether coin or dash.

>>1463108
because I didn't sell it when I had it at .0055 and I'll take my unrealized profits to the grave with me.

>full disclosure I already made my money back off the xmr/dash pump. I'm allowed to be a fool

>>1463158
You are retarded.

>>1463115
It is trivial to make any consensus algorithm quantum proof.

>>1463158
>a Bitcoin file

Moron.

>>1463115
quantum computers don't even exist yet. They'll just update the encryption to the new standards in the industry when that time comes, it's not that big of a problem

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>>1463158
>a bitcoin file

>>1463195

So the prudent move would be to begin mining etherium and work towards converting it to BTC?

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>>1464011
No, disregard altcoins altogether and buy bitcoin and hold

I have 25 btc, I want 2000 though and I'd be happy (probably not)

:(

>>1460667
/thread

>>1461315
>clever little software exchanges represent wealth
Grandpa's gonna have a tough time taking his 1967 dollar bill to the bank in a few years.

Has anyone invested in Genesis mining? Im thinking about buying a contract instead of running up my electric bill.

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>2016
>owns less than 1 BTC

>>1460332
>How close are you to reach the 21 BTC dream?
you dream is only at 12000$ right now m8

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>>1462166
I lol'd at the english muffins holding down the paper. Top kek.

>>1466147
99.99% of people can't afford to drop 12k on btc, shows how far ahead in the game you are if you own 21 BTC today, let alone tomorrow.

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>>1463043
Bitcoin is already quantum resistant given you dont reuse addresses.
>>1463108
Well its going up

>>1463116
>hey guys why im not rich yet 7 years is a looooot
kys and stay poor, you aren't cut to get rich.

>>1463158
average nocoiner right there

Can anyone help me out by sending me some BTC? I need to buy a new laptop because mine shit the bed.

13YtCY9LorPmHD4Zhs8TrFe1HPjPmLdrdc

>>1462851

some of them are scams, some have differences from Bitcoin like private or faster transactions. Most of these will fail, some might remain a more niche cryptocurrency for specific purposes (Monero for privacy for example). I wouldn't put Ethereum in that category though because it's completely different from Bitcoin and serves a different purpose.

Ultimately, Bitcoin has the first mover advantage / network effect going for it and current issues like blocksize will eventually be dealt with.

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>b-but guvernmints dont have a ongoing agenda to ban cash in the next 10 years

>>1460514
>Mining with running shoes
>Ever making it
Nice try guy

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>>1461020
>>1461022

This is neat.

What site are you using?

>>1461974
>It is alot like that, but for a fact we know that there will only ever be 21 million bitcoin, and there are at least 7 billion people on earth right now. There's not enough to go around.


Is There a Maximum Coin Supply in Dash?

>>1467510
>Monero for privacy for example

Dash (DASH) is an open sourced, privacy-centric digital currency with instant transactions.

Bitcoin is slow and more like gold.

>>1468864
Bitcoin is not slow. Once we hace the lightning network all those excuses will be useless to try to pump coins which have tiny transaction volumes and imply they have it all solved when they haven't even confronted the problems yet.

Bitcoin will also become increasingly more anonymous.

Bitcoin will absorb everything. It is The black hole.

>>1468864
>Dash (DASH) is an open sourced, privacy-centric digital currency
Dash is not good at all at keeping privacy, their technology is shit in that regard. Reason why XMR was adopted by online illegal markets

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>>1460332
FBI has a backdoor to the blockchain so enjoy getting reamed after it's all mined out.

>>1469398
>Reason why XMR was adopted by online illegal markets

Because reasons.

Got it.

Explain those reason in a way my mother will understand.

>>1461315
>BabelCoin
kek

To be completely honest with you family;

I've bought 5 BTC just in case you faggots are right, and that I will be able to retire in 10 years.