You guys realize this whole thing is gonna crash and burn soon right?

>>2491571
You realise people have been saying that since bitcoin was $3 right?

u must be retarded to think that lol

i have like 200k from 10k invested and i'm going to cash out after my 365 day hold is up for minimal tax liability

then i will buy back in after the blood bath which will happen by late september

nocoiner detected


either that or he bought dgb at 2500

>>2491571
You do know that BTC/ETH/Alt-coins have failed to break through to the Open Market so far right?

There is no outright adoption of BTC/ETH as an acceptable mode of exchange.

And it would remain that way for at least a decade.
So despite all the institutions dumping illicit funds (Samsung/Microsoft etc.) into crypto, we are still in the pre-bubble phase.

>>2491606
Not to mention most crypto-projects are unfinished/still in Alpha

>>2491606
oh btc will see its 10k and eth its 2k but not for 3 to 5 years

blood bath imminent

you can either protect your usd and buy back in after the crash or just hold forever

>>2491598
what blood path is this you speak of? please help. i dont want to die.

>>2491620

this.

in the long run it wont matter in terms of ur overall relationship with crypto

i lived through many crashes now. yes you can time it, but in the long run you make lots of money either way, long as you stay in it

>>2491637

Looks like btc and eth could correct hard, and that means the whole market gets double fucked for a month or two.

I'm in some aggressive swings but after that's done in a couple weeks, I'm almost all out. And I'm cashing out my gains from mining as they come in.

>>2491598
>trying to time the market
how is this still a meme

>>2491586
>>2491587
>>2491604
>>2491606
>denial
>coping

I have about 30k worth of coins. To say we're not in a bubble is retarded. People use to buy Bitcoin to use and now this whole thing is a speculative bubble. It's turned into a giant pyramid scheme where everyone is trying to find another fool to buy in at a higher price so they can sell them in the future for a higher price. It's all fuled by hysteria at this point. There wont always be more suckers to buy in and it wouldn't take much of a sell of to cause a massive crash that doesn't "correct" in a week.

>>2491693

They are just greedy; the signs are all there. Make your plays quick and GTFO.

>>2491693
doesnt matter, we are in now. take advatage and make millions now before the 2020 burst

I only got into crypto less than a month ago. I'm not allowed to have nice things so a major crash soon is a certainty.

>>2491693
I partially agree, but people love crypto and it could stand to get a few hundred billion dollars bigger in the next few years. Be my guest in calling it a bubble, but how accurately could you call the top?

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>>2491571
>this whole thing is gonna crash and burn

where did i read that before

>>2491774
>>2491777

I don't know guys, that bubble might burst too, but right now we have to worry about people mass exiting btc and entering eth or USD before August 1st.

>>2491693
The only indicator of a bubble is when you can actually use Bitcoin directly to buy shit from every major retailer, online and offline, to buy out entire companies, buy property and pay your taxes.

>>2491571
OH FUCK GUESS I BETTER SELL RIGHT HAHA IM DOING IT

>>2491571
t. nocoiner

>>2491825
Dude, you never checked my trips. There will be a crypto credit card, and billionaires using crypto as a "storage for value" will maintain the current prices for a very long time. We may be dealing with different coins in the future, but this concept is here to stay.

>>2491909

Yes. But the next couple months could be really rough. I am heavily, heavily investing in mining equipment, obviously I am in this for the long haul. That doesn't mean I'm going to keep a lot of money in crypto right now though.

I cannot afford to not take profit, maybe you can. I need to pay bills and eat. And I can't do that if I HODL bitcoin and it's at 1.8k for a couple months.

>>2491937
Well, if you need to take your profits to survive, there is no changing that circumstance. The fact that you are only paying for necessities tells me you think this will go higher though. Unless you pull out and are hedging somehow.

Bitcoin has no fundamental value.
>HURRR NEITHER DUS FIAT CURRENCIES
Fiat currencies are backed by the country that produces them. For example. As long as America *as a country* has value, so will its currency. What foundational REAL world value does Bitcoin have? What does it produce? What practical uses does it have? Absolutely nothing. Everyone is under the delusion that in th near future the entire world financial infrastructure will suddenly just up and abandon all other forms of commerce and adopt Bitcoin as the new currency standard. Why? When you stop and apply logic to Bitcoin, it falls apart. What we're whitenessing is a case of tulip madness. Not saying that there isn't money to be made here, (it's funny how BTC is priced in fiat money) but just know the kind of fire you're playing with.

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>>2491999

I don't need to pay for my necessities with my miners. But I will for awhile and I'll cash out some of my stack. I'm spooked.

>>2492004

Drug market, easily accessible store of value for third world shitholes, money laundering, trading for people under 18.

It could happen. Bitcoin declined for three years even when many exchanges popped up after Mt Gox.

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>>2492004
t. no coiner

keep holding your hyper inflating fiat my cuckolded friend

>>2491777
>>2491999
>>2492034

Are you going to keep disrespecting me by not checking my numerous trips? Do not argue with me, young man.

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>>2492051
The only reason anyone is buying crypto is to get more fiat though..

>>2492051
I'm actually holding Bitcoin. Unlike 90% of /biz/ though, I just know what I'm actually holding. Keep dreaming about the new Bitcoin global economy and your lambos. I'll keep selling you air for money.

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>>2492077
All those sevens. Checked.

>>2492084
This. It's quite ironic.
>I'M RICG WHEN YOU CONVERT MY BITCOINS TO USD/EURO/FIAT

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>>2492077

Trips and dubs ain't shit grandpa

Shhh, let them be retarded. LAMBOS LAMBS GET YOUR LAMBS. BITCOIN 10K BY NEXT WEEK. BUY NOW OR GET LEFT OUT OF THE NEW FINANCIAL ELITE.

>>2492004
The Blockchain is such revolutionizing technology, you'd have to be willfully ignorant not to believe it will impact the world as globalization continues growing.

Might not be Bitcoin but it's tech is staying. And gold is priced in fiat, so what?

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>>2492111
This thread is blessed

>>2492111
Korean cartoon porn is underrated

>>2492167
>MUH BLOHHKKKHCHAIN

I bet you don't even know what the blockchain is. You know the world's banking cabal is fast at work ripping of the only redeeming quality of Bitcoin. The bc still doesn't make up for the absolute lack of fundamental value.

>>2491571
so ? don't you realize it's yet another opportunity to restock ? furthermore big coins will remain mostly unaffected

>>2492084
>the only reason anyone is buying stocks is to get more fiat though

>>2491776
It's your fault

Crypto is a bubble right now, until enough people get on board and it becomes widely used and recognized. The question is will the bubble actually burst before you can use crypto to pay for your starbucks. Will big government kill it for us. I am not fearful of the ponzi scheme concept at all. You people underestimate the stupidity and numbers of the common man. There are ALOT of people just waiting for their neighbor to tell them about bitcoin so they can sink their money into it.

>>2492260
This is how you spot the retard. Stocks are shares of a company THAT PRODUCES THINGS AND HAS FUNDAMENTAL REAL WORLD VALUE. I /biz/ is a bunch of 15 year olds who maxed out mom's credit card on bitcoin, but at least think before you buy something because someone on 4chan told you to.

>>2492092
>haha im actually holding bitcoin even though i just said its literally worthless lmao

fuck off cunt

Bitcoin is fucking worthless, but the money of the fools who buy it isn't. LAAAAAMMMMMBOS GET YOUR LAMMMMMBOOOOS. BITCOIN 100K ****USD*****TOMORROW. WHY? JUST CUZ LOL. BUY BUY BUY.

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Crypto is a bubble right now. At least until enough people get on board and it becomes widely used and recognized. The question is this: Will the bubble actually burst before you can use Crypto to pay for your Starbucks? Will big government kill it? I am not fearful of the current ponzi nature of bitcoin. It is the means by witch it will perpetuate itself to fruition. Everyone seems to underestimate the stupidity of the average person. There are A LOT of people just waiting for their neighbor to tell them about bitcoin. That will then dump some money into it. In their passing the baby boomers will generate the largest transference of wealth in recorded history and with it the largest expenditure of poorly handled wealth. This will find its way into Crypto. Screen shot this shit and tell me your thoughts???

Let's be real for a few minutes. I think ther will come a time when, similar to the dot com bubble , you will see a ton of cryptos go under. Only a few dozen out of the hundreds of shitcoins are probably going to make it and have a profitable future. I guess the hard part is trying to figure out which coins are going to be here long term

>>2491693
correct
the whole thing started blowing out when people stopped buying 1 BTC

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>>2492425
"pyramid schemes never burst if it becomes mainstream"
whatever THAT means

>>2492425
Nah when I get my inheritance from my boomer parents I'm buying a house or apartment in the CBD in cash outright straight away.


My number one goal in life isn't too make money, my number one goal in life is to own a property out-right without worrying bout mortgage or rent. Then maybe AFTER that I'll worry about making money. I ain't risking my inheritance on some fucking meme coins, I wouldn't even risk it on the normie markets, fuck that shit nigger.

t. Ausfag.

>>2491693
Yeah maybe, but a surprising amount of people are researching it and discussing it before going all in.

>>2492526
That's just why you stick with probably BTC, Etherium and Bancor. Maybe a few others based on some type of popular real world functionality. The popular ones have a bright future, and will attain much higher market caps. Some others will never catch up and might just stagnate. Once investors better understand the functionality or versatility, the better coins will have more justified value. I am basically thinking that the money in the bottom 1000 coins will move to the top 100, and the top 100 will move to the top 50, and the top 50 will fund the most versatile and useful coins. We might have some new tech rip through the ranks or the established coins should maintain their place in the world.

>>2492563
If the public pics it up as a currency it stops being a pyramid scheme and starts being currency. Do you consider the U.S. Dollar to be a pyramid scheme?

>>2492563
Network effect. Some things get more valuable when more people use them like currencies and social networks.

>>2492662
China is on board, I bet Africans, and some poorer European countries are beginning to get into crypto as well. It is easier to trust than some shit that can be controlled on a tyrant's whim. I would trust crypto, than say the Ukrainian Hryvnia during times of uncertianty.

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>>2492735
Forgot to add picture.

>>2492735
There are some great use cases for crypto don't get me wrong but I do believe that most people investing aren't intrested in them and are just trying to get rich quick. When whales start pulling out massive ammounts of money it's going to crash.

>>2492084
This isn't true

I'm holding cryto to get more stuff. It just so happens that crypto is rising in comparison to stuff, and fiat is staying going down in comparison to stuff. So crypto is the obvious investment.

NOBODY gives a fuck about "fiat", they only give a fuck about the stuff they can buy with fiat. And guess what. I can buy ANYTHING with bitcoin. You just sell it for temporary fiat and then buy stuff. Who cares if the websites don't accept bitcoin directly yet LMFAO

>>2491693
1. the people who don't know it's a bubble probably won't believe you anyway
2. at any point during a crash i can still make a fuck ton of money because i don't buy in at high price points
3. everybody here who makes a living off trading should have many forms of income. if you lose your bitcoin wallet, that shouldn't affect your lifestyle. it doesn't matter if its a fucking bubble or not, EVERYTHING is its own gamble.

>>2492614
same
probably buying somewhere in parramatta before prices skyrocket or castle hill when they get on the train system

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>>2493160
Ok

>>2492111
Source?
...and czech'd

>>2493160
Exactly

>>2492638

why stick to bancor? what "real world functionality" does it or any of the tokens on the ethereum network offer? ethereum itself is prone to hacking and attacks because of the size of its blockchain and its clear from the bancor ico that the network doesn't function as intended. we are clearly in a kind of bubble. whether it lasts a month or ten years is unknown but there is no justification for a company like bancor having a 150000000 dollar market cap. the entire market with the exception of btc/ltc and some of the tokens like gnt/fct is filled with shitcoins with no use case. i'm convinced 99% of the people buying in now have no idea what they're buying, which should be alarming to all of you if you care at all about the technology behind this. which you don't, because you're here.