With the price of bitcoin nearing $3000, what price did you first

About 1/100th of that.
The person who got me into it got into it when they were literally a few bucks a piece.

I don't feel like I've missed out by not speculating (botting arbs or something) and hoarding, because I made a concious decision not to do so. I do kinda wish I'd got on the mining back in the day.

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1,800. Also have ZEC, XVG, CREA and other lesser upstarts. I came in with 60% in February and now have $600.

If you thought that sourgrapes are bad now, wait until blockchain becomes truly mainstream and we'll see a bottleneck of normies rushing to the market buying at ATH a then calling it a scam. I can't wait for all the profits literally doing one operation a day and all your nocoiner tears.

>inb4 2010 Boomer and Jewish memes about muh drugs on the darknet

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>>128728989

I didn't, because I'm a fucking wageslave loser.

>>128728989

Zero because coinbase won't verify my fucking bank account.

Fuck you.

Bought at the 2k dip a week or two ago
Wishing I had put more money into it then, but I will soon. Thinking that it is "at its peak and going to pop soon" is what kept plenty of people, like myself, from buying in at $400.

im a a filthy nocoiner

>>128728989
got 70+ at 20 $

>>128729261
>If you thought that sourgrapes are bad now, wait until blockchain becomes truly mainstream
It never will go mainstream with such huge price fluctuations.

The most attractive currencies are the ones that offer solid wealth preservation through value stability. This irrational price exuberance will not continue without a LOT of future pain.

Wait till everyone wants to convert their Bitcoin back to currency.. You will see exactly why this novel idea is really a bad one.

>>128728989
I don't even get how this thing works. People mine money with their GPU:s? What the hell?

>>128729487
>Thinking that it is "at its peak and going to pop soon"
surely that's true now though the last month has been ridiculous. how can that last.

even if I bought a coin at $1000, I would've only made $2000 so far so I don't feel that bad.

At least I'm not someone who sold all my coins when it was at like $50 or lost it all on mtgox

I'm probably gonna have to pay 3,000 thousand because I'm only recently learning about crypto currency and I've decided to jump on now. Better late than never. This is practically the last chance to get on board before it becomes near impossible to buy in. I heard you only need to own and hold at least 21 of these and within ten years you'll have a fucking fortune worth.

bought the first time when it was about $700 and spent it all on drugs lol. i have been accumulating for a while now but i hold most of my digital assets in STRAT(around 100k USD) for now since i view it as a strong contender to ethereum and i speculate the price to reach $100 / strat before October.

>>128728989
Good luck selling them, idiot.

>>128729775
There has been one correction and probably will be another yes, but it always rebounds after. Crypto is immense use while fiat currencies lose value, and normies are starting to learn about it and invest in it. We are starting to leave the "smart money" phase

http://www.cnbc.com/2017/05/31/bitcoin-price-forecast-hit-100000-in-10-years.html

got in when they were a penny a piece and sold all of it when it broke a thousand

>>128729889
t. nocoiner

This is such a fucking stupid disproven meme

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>>128729748
me too
can someone explain to us retards how to into bitcoin?

>>128729889
retard, i sold btc more then 20 times and i have never had a problem

I bought like 300$ worth when it was 800$. But I used it all up and now even though btc is a all time high I have a real pithily sum. I am bit broke.

Reading cryptotrash threads is like going to a pub full of poor people and listening to their business ideas

I hope that you faggots have the minimal mental capacity required to realize that Forex, if traded with the same risk you take when trading cryptos, can net you even higher returns in shorter timeframes.

>>128728989

I can't remember I've been too busy laughing at nocoiners all the way up to $100k a coin

>>128729397
Dumbass

>>128729902
im just wondering if i buy now or wait until the inevitable correction.

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>>128729748
>>128730006
me three, any /biz/tards want to post links and infographics on how to get into bitcoins?

>>128730029
That sucks a couple of weeks ago you could of sold $100 of bitcoin for 79 million dollars.

>>128729748
you will never even come close to breaking even if you try to start mining, best bet is to wait for the next crash and buy the dip

>>128729714

>It never will go mainstream

Ripple is on its way to becoming the new SWIFT. I would've called you a Jew, but i can see you're just don't understand what this technology can actually do. since you equate blockchain with Bitcoin.

>>128728989
$50 dollars during Aug14, when /pol/ went full HAPPENING mode when bitcoin crashed from $80 to $40

$100

Lost it all on mtgox

>>128730223

actually mining bitcoin has never been more profitable than now.

Some tards think BTC will get between 500k to 4 mil by 2030.

>buy 52 ethereum at $12
>Ride gains all the way to $248
>See gains stagnating yesterday
>Put 8k into Bitcoin
>It's 9.3k today
In total I've turned less than 1k into nearly 14k and climbing. I just need the Canada bubble to bring on global economic crisis 2.0 and we're golden.

>>128730191

Become a mathematician faggot - could be your specialty.

>>128730144
Buy some now, buy more when the correction happens

Daily reminder it's near impossible to cash out. Especially for Americans. But hey have fun spending it on Japanese flights and 4chan gold.

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>>128730338

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>>128730170

pls someone explain how i can into bitcoins? can i do this bitcoin thingy myself or do i need to pay some intermediaries to buy/sell the thing?

pls help a fellow bitcoinlet pls

>>128730054
/biz/ is full of people who have wiped out their life savings thinking they could play forex who then graduated to building four figure "fortunes" by hopping on pump and dump schemes, by far the dumbest board on this site

>>128730312
it has never had higher yields but it has still never been profitable

>>128730445
https://www.rt.com/business/389190-bitcoin-historic-price-high/

>>128728989
I got mine at $12 and still have a nice amount. If my Dad had invested the amount I told him to I wouldn't be posting here.

$20 a fair few years ago, sold them for about $200 thinking "that's a good profit for a meme currency". Still kicking myself

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>>128730497

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>>128730485
very good, pretty much what i was thinking
>tfw it took me the last 2 weeks to get verified and able to put money in
>everything's practically doubled since then

>>128730641
>convinced dad to buy $1000 worth back when mtgox was big
>they fucked off with everything
>dad never trusted me again

bought at $900, feelsgoodman.jpg

Look at all these sourgrapers with their memes.

>>128730539
>>128730532
>>128730517
>>128730497
>>128730485
>>128730445
>>128730371
>>128730338
>>128730312
>>128730307
>>128730296
>>128730270
>>128730269
>>128730223
>>128730191
>>128730170
>>128730144
>>128730119
>>128730092
>>128730054
>>128730029
>>128730017
>>128730006
>>128730004
>>128729988
>>128729912
>>128729902

anycunt up itt like slipping the missus the rodger on a saturday night?

>>128730609

I got it priced @ 800. not less than a fucking cent.

>>128730532
Set up account on coin base or kraken and buy btc or eth, then if you want transfer some of that to exchange sites like poloniex or bittrex and trade altcoins. I've been in crypto for les than a month and I've turned ~$300 into over $3000. Most of that is from dgb and rdd

>>128728989
Over inflated. It's gonna be useless if it keeps going up. Seriously who's gonna buy at $3k? You'll be sitting on it forever.

>>128730761
Haha fucking sucks man, he had no problems giving me the money - he just thought it was a scam.

>Son, what do you mean internet money?

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>>128728989
Please, someone donate some bitcoins to this poor guy he has cancer and need some bitcoins.

1J83yDmYNoWVEhRtvyVzB9LXcNPiVS86Po

>>128728989
>le price is controlled by super secret computer algorthyms
>le send us your moneys
you gotta go 150% retard in order to buy into this shit no matter what they claim their market solvency is

>>128730747
Don't use Coinbase. Gemini and I think kraken let you buy BTC and ETH on margin while your funds are being transferred, and verification only took a day or two for me. It is a pain that it usually takes 2 weeks or so to go from fiat->BTC/ETH->alt coins

>>128729581
this

I missed the benefit of tulip mania and I won't be holding the bag when it's over

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>>128728989
Is it too late to get in on this, do you think there will be a dip? Maybe invest in ETH?

>>128730939
It will sink low once someone has a massive pay out. It happens every time.

>>128729261
what's wrong with buying drugs with bitcoin?

Yeah you know when you have something that always takes X unit of effort to make, the price just goes up and up forever, right? Should be at $10K in a year or so yeah? I mean you'd be a fool not to.

>>128731210

How about trading Bitcoin and making a profit instead.

>>128731348
how about both how bou da

>>128731348
how about you stop wasting my fucking time?

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What is /pol/'s thoughts on Ripple? Banking sheme/scam? Superior internet monies??

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>mfw the 'advantage' of BTC over other equal cryptocurrencies is that BTC is accepted at some stores
>mfw that exact advantage means those stores will eventually accept all/other cryptocurrencies
>thus there is no long term advantage to BTC

It's going up because people are getting mainstream interested, but the interest won't last when BTC hits its limitations

Plus why pump money into currency that is hard as fuck to get actual money back out of?

>>128728989
Never bought any, but I did mine about 100 coins way back in the day when they were worth pennies. I kick myself in the ass every day for losing interest and basically deleting the wallet after their first big crash. "Seems far too volatile to every really take off" I thought. I can't be too mad though, I probably would have sold them all at $100 a coin.

>>128730953
>Son, what do you mean internet money?
If I crank this big crank 100 times, a token pops out, therefore this token is worth 100 cranks. Who wants to buy this token?!

>>128731448

It's going to become the new SWIFT. I turned in a profit on the news that J.P. Morgan got onboard and then re-stocked on corretion.

I'm going to leave my wageslave job real soon.

It's too late to invest in Bitcoin now but you have the chance to invest in what will replace it, something called Decred.

Screencap this and thank me later for making you NEETs rich.

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>>128728989
My browser Tickers show a complete different price you fucking shilling faggot

KILL YOUSELF

My issue with bitcoin is that it's more like a stock or commodity than it is a currency. And that's not anything to do with bitcoin itself, but rather the fact that it's new and unestablished, and therefore volatile. It's good for hopefully making money off speculation, but I don't think it's a good way to retain wealth, at least right now because its constantly going up and down. Maybe in the future when it stabilizes more.

But the question is, will it ever truly stabilize? Will it ever get enough widespread adoption to achieve this sort of situation? I'm not so sure. Why? Because most people are dumb. Proper handling of BTC is something only a relatively few people do, making sure they keep backups of their wallets and make sure to keep things secured so some amateur hacker doesn't gain access and drain it, etc. Because of the nature of BTC, if you fuck up, there's no recourse. If you lose your wallet or your HDD fails and you don't have a backup or your computer was unprotected and a hacker got in, you're totally screwed and there's nothing you can do about it.

These things shouldn't be problems if you can into computers, but most people do not. There have already been tons of stories of people losing fucktons of money for dumb mistakes. Do you think your boomer parents can rely on this? Do you think anyone other than a small percentage of the country can rely on this? I'd say no. And this is a fundamental limit to the widespread adoption of cryptocurrency.

That and if SHTF and the internet goes down, you don't have access to any of your wealth.

>>128731611
Whoa a crank! That sounds like fun - let me trade you a token for some drugs.

Stay jelly nocoiner.

>>128730338
remember that guy who spent 10,000 bitcoins on a pizza in 2010?

>>128731647
All it is going to take is a few people to cash out big accounts and it will fall again.

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From NEETs to ELITES

>>128729236
Pretty much same. Me and a buddy were mining back when a good price was $25/USD. We ended up even for all the hardware, but fuck if we waited we could be rich

>>128731647
Oh yeah I'll just go ahead and trust a Slovakian or Romanian or whatever your dumb flag is. You know I always go to vodka soaked countries stuck in the 90s for investment advice

>>128731499
how many other cryptocurrencies are there currently? how do you tell which one is gonna fold and which one isnt or do you just go ham on all and hope at least half of your investment pay off in 5 years time?

>>128730958
OMFG ANON!!! THX FOR THE DONATION OF 2.30BTC HOLYSHIT ARE YOU RICH???

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I remember posts on 4chan about them when they were 10 cents a coin. What was my fucking problem?

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never bought BTC, did get 120 ETH at 50. Now i wage an insurgency as an ETH maximalist to destroy bitcuck

it...it isn't going so well

>>128732095
me too ç_ç

>>128728989
I only trade in dogecoin

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>>128728989
>TFW you could have bought 15,000 bitcoins in 2009 for $100 and become a multi-millionaire selling them today

>>128731772
Take your pick
http://www.coindesk.com/price/
https://bitcoinaverage.com/en/bitcoin-price/btc-to-usd
https://www.coinbase.com/
http://preev.com/
https://coinmarketcap.com/

>>128731783
It will stabalise to the amount that bitcoin evangelists refuse to sell it. It will always have a 0+n value to those people, forever.

>>128731876
I don't know how many, it's probably over 10,000 by now. Anyone can create a new cyprocurrency. It's marketting that determines whether it takes off (see: Dogecoin and Pepecoin)

The ones that are more widely shilled are more valuable because speculators learn their name and throw a cheeky $100 at them incase they get lucky and 'that' cypto takes off like BTC.

>>128731795

I see where you are going with that. 30 million dollar pizza. It is hard for me to believe that this thing still has room to grow 200+ times yet within 13 years.

>>128730054
Everyone here is too lazy to do forex. All they wanna do is spend money and hope they see their money go up while jerking off

>>128729581
Same here Paki chut,was buying this shit they asked for PAN card,was too lazy to register it by taking it out of almirah lost 2X of the money I was investing.

>>128732095
I remember people used to give them away multiple times in one thread.

>>128730006
You don't when it was first introduced mining was relatively easy but not wholly lucrative as it wasn't widespread. The time and processing power required to mine has increased rapidly. There are a finite number of bitcoins in existence. The more that are mined the harder and longer it becomes to mine new bitcoins in basic terms.
The miners are essentially mining 'blocks'. Hence the name blockchain. Finding a block gives a reward in a number of bitcoin. But that reward is halving every year or few years or something like that so it becomes less viable. There are only 21 million bitcoins in existence so once they have all be given out to those who have mined a block there will be no future mining.

>>128732715
Follow on...
There will still be a need for miners to conduct transactions by writing these transactions to the blockchain - these miners get 'tipped' for doing this.

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Buy mooncoin if you want free money, hundreds of people from /biz/ are working on getting it into exchanges, development and advertising.

So far I'm up 500% but we are hoping to get another 10x to 20x increase over the next 6 months.

>>128732095
>>128732177
>>128732613
what time? 2009?

I was here too but never saw anythreads like that

was it on /b/? or /News?

might remember something from g but never clicked on these threads

>>128732200
To the mooooooooon!
http://imgur.com/a/g4vfj

>>128731588
>throwing your wallet in the trash

New form of American stupidity.

>>128731876
Fuck off, Mike. Nobody likes you or your cartoons.

>>128728989
about $950

>>128731588

This is what I console myself with as well. I could have bought 1000 of the things sure, but I would have sold them after the first big runup and crash because I never really believed in it anyway.

I had 154 coins when they were 100, sold them for 200. FML

>>128731783
If the SHTF you don't have access to any of your wealth anyway. 97% of all currency is digital. If the SHTF bitcoin is in a better place to fully recover quickly afterwards than traditional banks etc..

>>128731175

expect $10k by 2020. expect $500k by 2030

>>128732298
It's all artificial inflation. It's worth is still based off real currency and no one wants to spend 3-10k on a Bitcoin

>>128728989
Bought it at like $250 like exactly 2 years ago. Back then, it was like $300 on a bad day
What the fuck shot up the price so hard?
All my bitshekels are on a dead laptop in my parent's house baka

>>128732954
thats fuuny, On biz everyone calls it a scam coin. Maybe im reading the wrong biz

I do pity you people who don't understand that this is the easiest system to manipulate. Early investors who have billions of btc can simply move the market at will and make tons of profit without lifting a finger. It is worse than investment banking. Make a buck and get out, because the long term isn't good.

>>128733877
so what is the max amount of BTC an average Joe could sell in one transaction?

>>128733877
You can buy a fraction of a bitcoin, y'know? Easy enough to buy $30 or $50 or $500 worth.

>>128734017
Its worth paying someone to recover the drive then silly.

>>128734017
Leaf, I don't like Trucuck so call your parents tomorrow and tell them not to throw out your laptop - you'll thank me later.

>>128732504
Anon, what is forex?

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>>128732715
>>128732924
Im still wrapping my head around all this mining stuff... where exactly do i store the __coins i buy? It has to be "physical" right? So I can store it in one of my pc hardwares (im assuming HDD?) or something?

Im too poor right now to dump into bitcoin so Im thinking of putting 50$ each here and there on other meme coins and wait it out for 5years like you guys did with bitcoin. Im patient so I dont mind.

Also why don't I see pepecoin on
>https://en.wikipedia.org/wiki/List_of_cryptocurrencies
?

>>128728989
...I don't have any...

£70 a whole bit coin

>>128734017
And that is the problem with Bitcoin I had 2 have no access to them wallet failure. Who can remember that fucking # it's about 25 charicters long.

>>128734256
If you're poor right now your money would be better spent on rent/food/bills/emergency fund.

>>128734017
there was the news in 2014 that that bloke wqho wrote a paper on encryption remembered he had bitcoins from 2009.

he made like 800K and bought a flat in Norway or some shit. everyone remembers it because it was a "wtf is bitcoin and why didnt I get in on it". They then looked, decieded it was too much hassle and forgot aboit it.

Then last month Hackers took over all the computers like the NHS and the like and demanded payment in bitcoin which at the time was then about £1400 or something.

People thought.. hang on, if Id got in on that in 2014 id have XXXX now. and so on, so now the price is increasing and because its so high a lot of people are buying into alt coins/shitcoins.

I bought some doge for $6 in 2014 as i cba to do the bitcoin thing and it was funny. They are worth £50 now

>>128734017
Dead laptop. Live hard drive. Get a screwdriver and watch some youtube videos on how to get your data back!

>>128734017
>>128734205

Or just pull the drive and connect it to a spare cable in your PC. Any decent Linux distro will have your files easily.

Oh yeah. No PC, no Linux, no elite haxor skillz.

>>128734017
>What the fuck shot up the price so hard?
Increased awareness, and people seeing how fiat jewpaper is becoming increasingly worthless.

>>128729397
>he didn't do stocks before so he can't figure out how to set up an ach profile.
>>128728989
at 1000$, also picked up 47$ ethereums. Feelsgudman

>>128734256
You can print it out. Google "bitcoin paper wallet" or something along those lines.
>>128734226
Foreign exchange. Basically, you trade currencies.

>>128734663
>tfw could have bought at ~$900 after the last crash but my bank denied the transaction
I'm destined to be a nocoiner.

>>128734434
I wrote it down in my autism notebook. Also in my parent's house
>>128734447
Oh fuck, I remember doge. Didn't some guy try and use Harvard servers to mine them?
>>128734205
>>128734206
I'll see them in a month or so.
My fat anime friend from hs was into btc back in like 2010 and died last year. Gave me his old PC in his will and stuff. He say there was valuable stuff on it, but I figured he just meant hentai or some tinfoil gubmint docs.
Maybe he has some BTC sitting on it too

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The thing about charts like this is that it's easy to think in terms of hindsight.

Whenever I think about investing, I remind myself to take any chart like this one, and cover the right hand side, then slowly uncover it and say "buy", or "sell", and see how well I can actually predict the future.

Of course you have to knock yourself in the head with a hammer so that you forget what the chart looks like, but the basic premise holds. If I had bought bitcoins at 1 penny or 100 dollars, I would have dumped as soon as I made a decent profit. Anybody who thinks they could have invested 1000 way back when and would wait to cash out at 1 million is delusional, or so wealthy already that it would not matter.

>>128728989
2000

Mostly bought DGB though, far better investment.

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>>128732504

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>>128734911
Just come to Romania and buy from ATM

Ah yes, buttcoins. The latest and greatest scam to ever come out of the third world.

Imagine being able to convince white people that your digital monopoly money has value, and then actually getting them to play along with it.

Really amazing.

>>128728989
250. Bought one BTC. Also have 10 ETH bought around $40

>>128728989
Bitcoin @ $40ish

>>128730497
Bitcoin ATMs, retard.

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>>128734443
I got all those things covered already friendo

I just dont have the $3k currently for 1 piece of bitcoin, maybe if it was still a meme currency at 10c a pop but that's not happening anymore.

I can afford $50 maybe $100 tops right now per month to throw in the bin. I wanna try my chances with all this cryptocoin stuff you guys are shilling on this site non-stop. If I make a few extra bucks in 2 years, cool. If I get jewed and lose them all oh well that's fine too i was planning to throw them away anyway.

I'll look around for some cheap memecoins I can throw some dollarinos on. Any suggestions?

404

>>128728989
i prefer my money backed by nuclear fire thanks.

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>>128735283

cant wait when CIA decided to stop the opration and suddenly millions of people lost their spare and pensions in a fucking push of the button somewhere in the Viriginian Vault.

>>128728989
>College roomate gets into coin mining a few years ago
>already had a wallet his uncle gave him as a gag for hos graduation a few years before
>200 free bitcoins rediscovered when they were around $100 each
>Blew them after college to go innawoods and never have to come back when they were $1500
>Likely dead

>>128730939
Coins can be split arbitrarily. Look at a Bitcoin like a $3000 bill that can be broken into dollars and pennies if needed.

I remember when people were selling 5 for 1 buck $ on 4chan ircs. I remember when people were giving them out for free on ircs again. On adsense trading ircs, etc, etc. I could've bought 1000-10000 bitcoins with 1-2 wages in my country and sold them easily at 80$. Fuck me.
Anyway, interested if anyone is able to sell them off now?

>>128728989
will not buy until there will not be any problem to convert it to any currency or commodity without questions from tax service

>>128734968
Like I said wallet failure # alone no help tried to reload and it would go for about 10 hours to go through bitcoin verification and freeze. I got em at $20 and was not going to waste my time on BS anymore.

Fuck these threads, only making me suicidal thinking how much I had

Now I would live in Japan buying Ferraris and fucking 10/10 gyaru sluts everyday

>>128735573

spend the money on porn and have a wank mate

HAVE A WANK MATE
A
V
E

A

W
A
N
K

M
A
T
E

>>128731005
Price isn't controlled retards. It's commodity trading. It's worth what people are willing to pay for it.

>>128735254
Interesting. I heard talk that an esports cafe (lol) in my town plans on installing an atm like this that can also be used to buy btc.
My main concern with crypto is cashing out. I hear everyone saying that it's "easy to sell" but noone actually says how the fuck they sold it.
As of right now the number of online servies that accept crypto are limited so there aren't many opportunities to spend your accumulated wealth.
It's also really scary that early birds who got on the buttcoin train when it was cheap, can just control the market at whim.

>>128735283
>nocoiner salt

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>>128729330
I was going to make a smug comment and lie about buying 18 bitcoins at 100 each but now that mention it, yes, I do want to kill myself.

I spent almost 5000 bitcoins to buy my girlfriend some weed years ago. Now I'm single, and have zero bitcoins.

>>128735129
lol
same

that event on the 9th better not be a scam. I have 5k of them which is fuck all in the grad scheme of things but if it moons more than it did this weekend Ill be happy.

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The price of Bitcoin should be 0. It has no value because it serves no purpose to society. Nobody trades in it, nobody stores value because it fluctuates too much. It's only purpose is speculation. It's a bubble, more like a mania really. Eventually it will crash to 0 and it will only be mentioned in economic textbooks.

Moreover it's price has been manipulated by rich people that invested into the exchanges. I've been monitoring the price since it was 20$. At around 1000 it crashed and someone controlled its descent. For the most of 2016 it had suspiciously low volatility. So people that probably held a lot of Bitcoin bought more to not let it depreciate.

If you think that it will go to 4000 ask yourself why not 100000. Or 1 million or 1 trillion. There are no fundamentals because it has no value. So I can't tell you how high it will fly because it depends on human stupidity. It's a Ponzi scheme run by people that know exactly what they're doing. It's also dependent on the Chinese who aren't allowed to invest their money oversees or their stock market. Once the Chinese start withdrawing their money it could be quite the catalyst for a Bitcoin crash.

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>>128735799
fuck off jacob, im no longer subscribing to your fakkujew and im using that money on memecoins instead

>>128731288
Mining difficulty increases over time and there is a finite amount of coins. Is gold a bad idea too? Because it works like gold.

>>128735573
fucking buy a fraction of a bitcoin and invest that then. You know you can buy like $20 of a bitcoin?

It goes down to something like 0.00000001 of a bitcoin.

It's really the tulip bubble all over again.

I had like $300 that would be worth 1500 or so today but I forgot my password and username

>>128735873
>Investing in money
Any kind of money hoarding, of any non-physical currency is a jewish mindtrick. Money trading, interest, banking and trading/mercantilism is a jew's game and any self-respecting white individual should stray from activities like this and I'm serious about that. The white man's means of civilization was always built on production, the only white service industry jobs spheres are: tourism, healthcare, law, construction, repair(including every kind of repair). Everything else is a jew plot.

>>128734102
People on localbitcoins.com claim to be able to handle up to £20,000 in London.

>>128734135
Not much point buying $30 of bitcoin, the transaction fee right now is about $15

>>128735573
Spend the money on drawing lessons. Your art is shit, Mike.

holy shit, with prices like this I could probably buy a new laptop for university

i feel like beggin' now, fuck it

1Gtkrie7xzjnk3q9WbjgejiZaqYbnB1Nko

>>128728989
This is because of geopolitical uncertainty-- gold is up, too. It won't last.

>>128728989

Chinks are gonna cash out soon

>>128735818
Normally this kind of stupidity I could only witness on reddit but I guess a large part of 4chan is just as idiotic. I remember when redditors were trying to convince legit businesses to accept Bitcoin. They'd harass them until some gave in. But after some time they all stopped accepting it because nobody was buying with Bitcoin. It's just for speculation. It's so hard to buy and sell Bitcoin too. Too volatile for businesses to mess with it. Literally only used for illegal dealings.

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>>128728989
70 @ $606. Sold 10 a day or two ago.

>>128736167
Yes. That's why we don't have the good standard anymore. Gold and Bitcoin are by nature deflationary whereas a good currency accepts a low inflation.

Why use bitcoin instead of dollars?

>>128728989
180, sold at 400........
yes, I know...

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>tfw in jail around the time when the bitcoin meme started
>tfw it was already too late when I got out
>tfw no regrets because there's nothing I could have done about it even if I had somehow heard of BTC while in there
>tfw laughing at the retards ITT who missed their chance out of laziness

>>128736953
The Chinese economy will likely collapse within a year, if anything their buy-in to bitcoin will accelerate.

>>128736694

>shitskin
>shameless begging

wow how shocking

Gold looks like a bargain right now, if Bitcoin is going to continue on this path.

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>tfw you used all your bitcoin to buy drugs instead of sitting on it

>>128730371
Come back in a few days, tell us how you lost it all too.

The last I knew they were like... $200 each.

Why are they worth fucking anything? Oh, right. Drugs. Human trafficking. Fun things.

Can someone explain to me how this isn't a textbook bubble? I'm willing to listen.

From what I know there are hundreds of virtual coins, you can't perform big cash outs, you can't settle debt with it, you can't pay your taxes with it, 99,9 of businesses around the world don't accept it, so whats going on? It just looks so fishy.

Is this just a speculation scheme? I mean if some country for example Greece went nuts and started accepting it as legal tender to settle debt, pay taxes or buy beer it would be backed up with SOMETHING, but right now it isn't, not even by thin air. Anyway, from my experience, if this ends up being the mother of all bubbles better stay close to the stem of the bubble which is Bitcoin, it's the one that will receive the smallest hit.

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>>128728989
I mined 20 coins on free power when they were worth nothing. I lost that hard drive and didn't care at the time. I thought bitcoins were going to be a meme.

>>128729330
I thought it was stupid in 2012 and now I want to die.

>>128728989
I bought first for around $600. It was during the boom at 2014.

>>128728989
8USD.
Received, used and sold more than 500BTC.
None left now and I have no regrets at all.
GL boys.

>>128737810
The people buying it are betting on a currency collapse in China.

>>128730006
wait until it tanks and buy to sell later or go after a newer coin like ethereum. becareful of scamcoins however

>>128729330
>I didn't, because I'm a fucking wageslave loser.

You are still not late. Really.

bought 2 at 1400

been mining ether since it was 23 dollars a coin. My 1 ghz farm is doing great.

>>128737150
>Prices are made up arbitrarily
>Actually no it's based on the same principles that control stock prices
>Yeah well you'll never be able to get your money anyway
Keep moving that goal post you dirty no coiner. It's actually easy to cash out. Only hurdle is avoiding high capital gains taxes.

100 billion total market cap of crypto. Buy Ether and buy bitcoin. Then look at some of the other projects. Don't be a poor no coin cuck.

>>128737775
Well I don't have weak hands so probably not. Come back in a weak when you try to justify not buying the dip.

Question for /biz/fags. With most currencies, stocks, commodities, etc you can speculate, but speculation is done based on how you view the market. For example, a bunch of people panick-selling GBP after brexit, which then went back up when people calmed down. Or you can speculate on a stock based on the market for a particular good/service or if you think a company's new product will take off, or whatever.

But with bitcoin... it's completely independent from anything else. Value isn't tied to perceived value of any commodity or company or government. It's uncharted territory, AFAIK. What's stopping accelerated exponential growth from crashing back down if there's no "reality pulling it back in" effect?

I'm not a /biz/fag so I'm most definitely not explaining what I mean properly.

>>128738121
fuck that local bitcoins no tax no shit.

>>128729834
>I'm only recently learning about crypto currency and I've decided to jump on now. Better late than never.

That's a good approach IMHO.

> This is practically the last chance to get on board before it becomes near impossible to buy in.

No, it will always be possible. But later, you would be able to buy only 0.5 or 0.05 BTC. But you can always buy some fraction.

>>128728989
>what price did you first buy bitcoin at?

12 cents.

I'm not joking either.

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>>128728989

Fun story for you. I got into the bitcoin 'thing' early, when mining actually produced a good amount of coins. I had a sweet setup, and a good amount of coins in my wallet.

Back then I thought it was a fad, and lost interest. Started playing games instead of mining, slowly forgot about my wallet. fast forward to when bitcoin went stupid. I stripped harddrives, cloned them, checked every USB drive.....wallet, gone. How much did I have (do I have), at the last count approx 800 bitcoins.

$2.3 million, fucking lost because i'm a retard. I can't afford to keep my car on the road, and I lost all that money. Fuck you, fuck bitcoin, fuck life.

>>128736080
This is one of the more painfull stories.

i have like 150 in zcash also that i will cash out and buy ether with also.

>>128729902
When normie know you need to invest in X market if when you need to sell X.

>>128730006
>can someone explain to us retards how to into bitcoin?

You need to register yourself in an btc exchange, the more reputable being Bitstamp or Coinbase, for example. After they verify you, you transfer your money there, and when they arrive, you buy bitcoin with that money.

After this, the most critical step is: Don't touch it for a few years, just hold them.

>>128738217
I supposedly have $122.5 billion dollars waiting for me when the game is over.

I will be the richest and famous person to ever live. The entire world revolves around me. I am a household name that can boost an entire companies capital by simply looking at their product.

I'm the most dangerous person to ever live. I decide who lives or dies on a whim. I could cause a world war and the death of the entire planet.

What the fuck am I.

>>128738472
I'm kicking myself for not getting into bitcoin mining sooner. After I put together a gaming PC back in like 2011, I was going to start mining, but I was lazy and didn't bother figuring out how to set everything up.

>>128737329
>Put $100 into Fiat in 2008
>It's now worth $85
>Put $100 into btc in 2008
>It's now 29 million dollars

>But but you can't get that money
BTC market cap is nearly 50 billion dollars
It's a drop in the bucket.

>>128738631
hitler?

>>128738472
You have one option left anon

>>128728989
FUCK. OFF. BITSHILL.

>>128738526
Yeah, but you never know, there are things right now that are worthless, that will be worth big money someday. How can anyone know?

Most people like me who mined thousands of coins when it first started have dumped their coins. Some lost it all at mtgox, which is even painful.

>>128738855

Mooncoin? :P

>>128738299
Thanks. I'll keep that in mind when I'm ready to cash out. Any advice on avoiding a robbery?

36UqvM3MC8Uir3sTTbCssLEazPyvdDHn7D

help a poor anon make it before we hit 3000.. and eventually 10k

>>128738918
anherocoin

>>128738781
>I'm kicking myself for not getting into bitcoin mining sooner.

But if you truly understand bitcoin, you are still lucky, since you can buy now and just wait a few years and still get rich.

>>128738472
So how does that effect the total # of bitcoins? Did erasing your wallet truly delete them? Why would anyone want to invest in a currency they are solely responsible for maintaining?

>>128738809
Can someone explain the "but you can't get that money" argument against bitcoin? The exchanges only take dollars in exchange for BTC, but no the other way around?

>>128738944
yeah, dont deal in person use moneygram and western union but only due like 2 transactions under 1100 on both for the month, if you need more open a account and have the money deposited into your account under 5000 only do it 2 or 3 times. But if you need like 10000 plus cash outs in person is the option only deal with people that have over 5 or more trades and a real name and id verification on the site. Also when I do my cash outs in person I ask to meet at starbucks or the mall.

>>128728989
Bought 10 for £10 each and another 14 for £70 each.

>>128739067
Those coins are still sitting on the blockchain, but the unguessable private key is gone.

First time around 5$ Sold around 25$

Next time around 600$ and bought 2 Oz of Gold for ~1.1 Btc

Still have ~2 Btc and I will hold themaybe buy a gew ETH as they are dropping as Btc rises

>>128739067

I don't know, I don't think its erased. It must still exist, I just can't access it. When we moved house I stripped every PC carcass I had of HD's, collected up every USB and portable drive I had, and scoured them.

Found untold amounts of porn, some classics from the Limewire and Kazaa era. No wallet though.

I haven't got rid of them, they are in the spare room stacked in a box. I'm convinced the wallet is on one of them, it has to be, I very rarely erase drives as I hate losing old info.

>>128739105
Of course they pay it out. It's how no coiner try to cope. In their mind, Bitcoin is Monopoly money that can't be spent or converted back to Fiat.

Right now, not enough places accept it to use it as a currency but as a commodity that has currency backing it, it's fantastic. In the same way that I can't buy a TV with a gold bar but it's good to hold and cash out when I want.

>>128739356
Bought that two Oz when it was at 2800$

>>128728989
Corbyn will win if this reaches a wider audience
We need memes
>>128735512

>>128738894
Yeah the Mt Gox fags got royaly dicked. I'm no-coin, but if it looks like going all the way (Replacing fiat) then you could buy in at 100k :1BTC and still get rich.

Is it actually rising or is reaching a unstable level due to it being a fad? Anyone have a good read on the ichimoku cloud?

>>128728989
>all these shill coin threads

Oh boy, are we in another pump and dump cycle?

I love seeing retards on /pol/ fall for it.

>>128729397
Why does coinbase want to verfify bank accounts?

>>128728989
I have 2 bitcoins. Wtf. Does that mean they are worth 6k dollars? How the fuck do I cash out?

>>128728989
At 600€

Pity that I only have 0.0000000000000023 of a coin.

>>128739374
Right. If I were to fully invest in BTC, I'd basically use BTC as my savings account, and USD as my checking account. If I want to buy something, I'd move some BTC over to USD and then pay for it that way through the traditional means.

Or if I felt there was an impending crash/shtf, I'd spend that bitcoin on gold bars.

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BUY ETH

>>128739637
localbitcoins.com

>>128739497

I think it will not replace fiat, and it is also not very suitable for paying... the transaction takes about 1 hour to finish (with 6 confirms). But it is good for storing value (like gold, diamonds, or art).

>>128739277
Thanks. I've got about 15k that I plan to eventually use to pay off my student loans.

>>128739581
All those dumb idiots making bank what idiots

If you're truly /pol/, you should only be trading in TrumpCoin

http://www.trumpcoin.com/

>>128728989
I thought it was overpriced when it hit 300$

fml

I remember being on the verge of buying when they were at 800€
JUST

>>128738781
Same i had downloaded all the shit, but then just didn't mess with it.. like 3 years ago. oh well

>>128736080
That must've been some dank weed to spend 15 million dollars on it.

I thought I was smart for not buying bitcoins back when no one wanted them because "cryptocurrency" sounds like a Jewish scam. Well, fuck.

>>128737810
It's like virtual gold.

Anyway better than any fiat currency, and TO THE MOON

>>128739782
So did I. I always second guess myself. Told parents to buy Google years ago and fake bought Oil during the crisis. I'm not sure if I'm really lucky with commodity type political crossovers or actually good. My bank account isn't big enough to chance it either.

How do you even transfer this shit to USD?

>>128728989
I remeber when some anons would spam the shit out of bitcoin on /pol/ and /biz/ back when bitcoin dropped to 300$, i hope these guys are rich as fuck, they tried to help us.

>>128739712
The miners are dragging their feet. Its not usable for its intended purpose at present.

>>128739988
You basically don't.

>>128739326
So they are effectively removed from circulation which is no different from ceasing to exist. Seems like cryptocurrency will eventually need a banking system that maintains data redundancy.

>>128739370
It's not worth it to spend an afternoon searching through drives for $2.3 mil?

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put half my savings in BTC (4k) this winter @$1090

on top of it bought 1.5k of LTC the day it was added to coinbase after buying a few hundred of it as it was creeping up to 10$

I fully except LTC to go to $40+ this year

>>128739637
send them to me i'll get it sorted out for you ;)

>>128738631
Putin.

Fun fact: The creator of ethereum, vitalik buterin, just met with him.

>>128739988
>>128740096
So unless I want to buy a bunch of coke or a gun, bitcoin is worthless right?

>>128740154
Presumably he already used data recovery software and grepped for "wallet.dat"

>>128728989
bought 5@ 200ish, not touching em, wish I'd bought more. They will peak in the next 2-3 years at around 10k.
Etherium and Bitbean are good for nocoiners to get in on at more reasonable prices with still nice growth.

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at a little over $1000

and now it's spread between
>Siacoin
>Digibyte
>Ether
>Augur
>Litecoin
>Dash
>Swarm City
>Aragon
>Golem
>NEM (XEM)
>BAT
>Ripple
>PEPE

but personally, my favorite is 808
808.8% annual interest
which compounds every 8.08 days
in year, I seriously might have half a million USD just in 808

>>128740096
So, you have computer hashes with intrinsic value that can't be easily liquidated and which are super volitile and unstable. Let me just pump all my savings into it.

>>128740274
Wrong. Put it on an exchange and cash out through them or use local Bitcoin and trade cash with other people looking to buy Bitcoin.

>>128737810
depending on your location, you can easily cash out and pay taxes on it.
if you're situated in the EU i recommend bitcoin.de
in germany bitcoins are treated similarily to gold, if you hold your btc for the minimum of 1 year you can cash out taxfree

>>128739992
If they put bitcoin hardware wallets into iphones.
BUY BITCOINS.

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>>128728989
>"I'll buy the dip"
>4 years later

>>128739992
If you have thousands of Bitcoins, you are only wealthy on paper, because there is no way you will be getting millions of dollars in actual currency. The hope is one day you will be able to buy items using Bitcoin, but that will never happen.

This is the same way with gold. When gold goes to the moon, it becomes worthless, because you are likely buying and selling at gunpoint. So the price of everything is, "how much you got?".

>>128740349

Your portfolio has too much of pump and dump scamcoins my dude, just sayin u need to step up your fundamental analysis game.

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>>128739700
this

>>128739988
>How do you even transfer this shit to USD?

In the bitcoin exchange, like Bitstamp or Coinbase. There, you can buy/sell all the time, and also withdraw either BTC or USD.

>>128735248

usd btfo

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>being rich
>in a curreny nobody uses

>>128738429
Do you live in a mansion and fuck high class hookers everyday?

>>128732298
You'd only actually become a millionaire if you actually sold them. Good luck selling 15k bitcoins for $3000 each.

The people making money of bitcoin are not the people buying and selling bitcoin, but the people providing the various services and tools.

Anyone who can't see this is a bubble is fooling themselves. I'm not saying bitcoin doesn't have potential to grow but it's gone up way too fast in too little time for this to be sustainable.

What is it even used for? Because if it's not used to trade for any real goods this is essentially tulip mania all over again.

>>128740494
....you mean PEPE and 808? lol

you're a moron

actually read up on what these altcoins are about

>>128739370
>I just can't access it
How does it feel to be a millionaire that can't access his money?

>>128736598
Wrong guy you dumbfuck nigger lover

All bitcoins will be lost some day, I lost about 50 myself. Millions of them were lost with MtGox. When people who die in a freak accident who have many coins, they are lost.

>>128728989
bought one at $600
bought a birb with my winnings

>>128740494
and fuck, even PEPE kinda has a use

>>128740486
The idea behind any market is that items are worth as much as people are willing to pay for them. If btc jumps to 10k it's because the market is willing to pay 10k per coin. Finding buyers is by definition never hard. It's just a matter of what price will you be able or willing to sell at. This is true for any stock or commodity

>If you have 10000 shares of Apple you're only rich on paper because it's too expensive to sell

>>128740800
That's every Bitcoin owner really.

>>128740692
>Because if it's not used to trade for any real goods this is essentially tulip mania all over again.

No, it isn't. It is good enough for me that I can exchange it for USD almost immediately (on BTC exchange). Then I can buy any goods with that exchanged USD. There is just an intermediary step.

>>128728989
I had 60,000 to invest 2010

People told me bitcoin
People told me silver

I bought silver fucking kill me

I'll buy in once it crashes again, cause it definitely will

>>128728989
Though it would just be a fad. Kicking myself now.

>>128740692
It's money laundering, the chinese buy it to get money out of China since the government limits the amount of money you can take out. The is due to the fact that they manipulate the currency and print more money than they say they are printing. Anyone with any brains is getting the fuck out

>>128740588
At 12c a bitcoin he could fuck 10 high class hookers every night in an orgy.

>>128740886
Yeah isn't this the fucking problem? Like Jesus Christ I am not a tard and I really tried to buy in back in the day and couldn't find a way to even do it without sending pictures of myself to russia

>>128740882
Stocks are far more liquid than Bitcoin. If you think you can cash out on thousands of Bitcoins before it crashes, you are kidding yourself.

The real problem with Bitcoin is when it gets to $5000, and everyone tries to get out at once, the price will go to less than $100 in 12 hours.

>>128740886
>That's every Bitcoin owner really.

People sorry, but dont be stupid. Seriously stop this shit. You are laughable.

You can access your bitcoin within 24 hours: you sell it on bitcoin exchange and then send the USD to your bank account. It takes about 1 day. Don't lie that you can't access it, it is not true.

>>128739374
it is a good idea as a store of wealth perhaps, but useless as currency, which is ironic.
how would you convert a million dollars worth of bitcoin into a million dollars is beyond me though

>>128740809
I know it's you, Malaysian "Filthy Kike" Mike.

>>128741147
That's when you jump onto Pepe coin

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>>128728989

Bitcoin is the ultimate fiat currency and this is the electronic version of the Tulip Bubble.

Also, every investor needs to do 2 things, buy AND sell, in order to make money. What's your exit strategy?

Put some money you can afford to lose in bitcoin, but stay diversified.

>>128741147
People buying now are bag holders

>>128740498
Fucking beautiful. Can't wait for the Trump pic.

>>128741206
>how would you convert a million dollars worth of bitcoin into a million dollars is beyond me though

You sell it in the exchange. But it is true that if you would sell very large sum, it would press the price down a bit.

So /pol/ how long until we find out this is all some new fandangled Jew conspiracy

>>128740291

Did everything, manually searched through thousands of directories. Spent a hell of lot longer than one afternoon trawling them, its just not 'there'.

'Hide your private info in a safe place'....yeah fuck that, keep that shit on your desktop in a folder market IMPORTANT SHIT.

>>128728989
>120 @ 1.2-1.5$ or something
mid 2011 when i tried to buy a 'legit' Ipod Touch on the black market.
i actually forgot about it luckly i still had the DB Dumb from the hack on a old HD..

>>128741225
Not my fault you're triggered by my flag you no life shit eating fuck.
Have you considered my advice yet?
Fucking loser being triggered at malaysians. Kill yourself.

>>128741128
You can go to coinbase and buy it with a credit card now. Or you can go to localbitcoin and buy it with a bank deposit or a wire transfer. It's incredibly easy. I suspect you're underestimating how retarded you are.

>>128740928
Sorry that's not how money works. If your money isn't backed by anything it's worthless. Currency is backed generally by the production of the country associated with it. Bitcoin as far as I'm aware is backed by illegal online purchases so unless those are getting more and more frequent this price increase is literally just a speculation bubble.

>>128741147
50 BILLION dollar market cap and you think pulling out a few million will crash anything? Please. It's not about pulling out at ath when shit always corrects. You could cash out right now and it would barely be a ripple. Volume is nearly 70 million USD a day and you selling your coin is someone else buying.

>>128741398
HAHAHAHAHAHA Never change, Mike. Nobody likes you or your cartoons. Nobody will ever donate to tour Patreon.

>>128741449
bitcoin is backed by the hashing power of the network

>>128740588
Idiot barely anyone survived Mt. Gox. There are no miracles from before that scandal left really. No one who is a normal person, who maybe bought in at some cheap ass price would be a millionaire today, because the most trusted place to store the shit went belly up

>>128740762

Hey, if you know what you're doing, more power to you. You going in short, mid or long?

>>128741187
I don't know about $100 but LOTS of train riders are getting off at the $5000 station.

>>128728989
Around £70. I have been using it on the deepweb ever since I found out about it, so those cheap coins were quickly spent

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>>128741493
What are these cartoons that you're so scared of? You're talking about these?
Do they whisper go hang yourself in your ears?

>>128741492
But unless he's selling to a newfag him trying to leave the market is a reduction in demand.

>>128741243
The only coin you can buy with dank maymays

>>128741764
Invest in a proxy, we all know it's you.

>>128741583
Just because something is rarer over time doesn't make it more valuable. It has to be used FOR something.

>>128741847
you're the only one thats pissing your pants at malaysian flags here though. kindly kill yourself fucking no life nigger

>>128741595
long all the way

I daytrade shit coins to put profits in the good stuff

>>128741427
Last time I tried was 5 years ago

how the fuck does bitcoin even work

how did it come to life and how come you can 'mine' it

its worth real life currency, how can you 'mine' it out of thin air

>>128738295
Yes

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>>128740426
I don't know.

>>128735254
with that transaction cost they cut the need to scam people lmao wha tthe fuck

Its pretty obvious $5000 is the next psychological barrier, how long till we get there?
I reckon 2-4 months.

>>128742091
You already can't mine it, you would need to invest 100k's usd in mining equipment (hardware).

Bitcoin since around 2014 works in a way, that you buy it with your normal money, usually in the so-called bitcoin exchange, and then if you are clever, you just hold your bitcoins.

>>128742091
People use their computer parts to solve complex algorithms, and when these are solved Bitcoin is given out to those who helped solve the algorithm.

This is proof that fiat currencies are going to shit, people are dumping their money into literally anything they can that they think is going to make it.

File: Screenshot_20170606-164826.png (202KB, 1080x1920px) Image search: [Google]

202KB, 1080x1920px

triggered, poorfags?

File: chink.jpg (34KB, 400x396px) Image search: [Google]

34KB, 400x396px

Bitcoin is literally just another speculation bubble to jew plebs.
Bitcoin niggers will always advertise to retards in order to push the prices to then sell it when it peaks, before plebs realize their bitcoins are worth nothing because the market crashed.
Then Bitcoin niggers will buy the plebs Bitcoins when they are worth nothing to repeat the cycle.

Chinks are heavily invested in this scheme and will make the bubble burst, whenever they feel like it.

>>128741939
Fuck off, Mike.