bitcoin crashing and burning

>>130033679
Huh, I was just thinking of investing in this. Glad I didn't.

Just correction, if you knew a bit about the stock market you would know that this is normal until it stay on the value or more likely grow to the next step (3000$)

>>130033896
It's called a dip, when the price goes low, you buy, when it goes high, you sell

Now's the Time to buy boys. How's ethereum going to be effected?

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I hope some fuckers listened to me yesterday... they would have saved about 400$ per coin this morning >>129941467

You still have a little time. DUMP THAT GARBAGE, IT'S OVER.

i would buy into this. the price is down because Jihan Wu is being a cunt and won't submit to segwit so he's tryng to hard fork the chain. it has spooked people and they sold because they don't have trading discipline. great buying opportunity here

probably a lack of AMD cards to mine with caused people to panic causing a crash

>>130034266
youdontsay.jpg

the idiots think you just buy some btc and it will grow to eternity

Where can you buy bitcoin?

ethereum will be boosted until the segwit issue is resolved. people will rotate out of bitcoin and into ethereum

bitcoin reached a record high just 3 days ago, I assume tons of people decided to sell their shit, so obviously the price took a nosedive.

Looks like a perfect time to buy some, if you like to gamble with volatile currency.

>>130034594
eth has fallen as a result of bitcoin falling.

>>130034585
ebaumsworld

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>>130033679
Doesn't matter to me, as long as eth doesn't go below $37.5 I make profit

>>130033679
It's going to rebound. Buy the dip. Fuck off nocoiner normie. reeeeeeeeeeeeeeeeeeeeee

>>130033679
Everybody knew it's a bubble, only retards fell for the cryptocurrency meme

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>>130034266
>>130034486
In the greater time frame, yes, doesn't matter if one buys now or in 3 months. Capital wise, wait 3 months and buy when it goes up again, or play on risk and hope for a death cat bounce

>>130033679
its not just a dip. dips go back up. dips are corrections during and overall upward trend

its really the popping of a big fat bubble. BTC is overvalued as FUCK at $3000 and it was a matter of time. the new government bill isnt helping either.

as long as the government doesnt kill BTC is will always be worth something, but it is not worth 3k nomatter what shills tell you on here.

its still at $2200 now. I would wait until its done dropping and buy some. if you could get it for $1000 or less youre basically guaranteed to make some money. i would even consider buying some if it hit 1500

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>>130034266
No it's called a bubble, bubbles burst. They should have connected bitcoin to gold or some other precious metal during the highs. It would have backed it.

Ultimately bitcoin is a fiat currency THAT IS BACKED BY NOTHING! No matter how the most optimistic want to spin it.

>>130033679
This literally happens every single time there's a large spike. Each time though it never dips as far as the last time, and it increases beyond what it was.

Last peak was 2760 on May 25 and then it dipped to 1865 on May 27. This peak was 2980, and is currently 2280.

I'm fucking glad I never invested in that shit .god damn globalists and Zionists where gonna ruin it I knew this was going to happen

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>>130034857
>its really the popping of a big fat bubble.

If it plummets to 1000 or 500, yeah. Otherwise this is just plain old profit-taking.

>>130034975

by what is the CAD backed exactly? Except in the "trust" in Justin Castreu?

>>130035175
i'm pissed I didn't if I bought back when it was $100 my $10,000 would of been $300,000 if I sold at peak. Could of bought a house

>>130033679
You are a dumb fuck who understand nothing to trading and should stop before you wast all your money being a dumb fuck

>>130035183
Between 1000 and 500 will be the new 73

I'm not touching bitcoin until the August 1st fiasco plays out

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>>130035195
It isn't, neither is the Euro. However all my savings are in gold and silver which held their value quite well in comparison to our dollar.

While most everyone else lost about 25% of their savings (when the CDN nosedived), mine held. Actually gained a touch.

>>130035195
>by what is the CAD backed exactly?

the CAD, Euro, deutchemark, whatever, are or were backed by trust, and that's all any money has been backed by since we all went off the gold standard, and even then you had to trust that people would always want gold, which is not necessarily a given. Aluminum was more valuable than gold not too long ago, which is why the Washington Monument has an aluminum cap.

Bitcoin is not really trustworthy yet, as seen by its unpredictable volatility and scams where bitcoins "disappear" or get hacked.

>>130035183

The crypto market is still fucking small, its literally nothing.

At this point it can only grow over time and reach ATH after ATH.

I wonder what a recession would mean for cryptos, like when banks talk about locking their customers assets to pay some debts for the state

>>130034585
You can buy them easy, good luck selling them.

I hope it crashed really fucking hard so I can finally afford to buy some of them.

>/pol/ thinking it understands cryptocurrency

Typical, its always the FUDers that know fuck all

>falling for the bitcoin jew
lol dummies

ITT: retards who know nothing about crypto or market fluctuations in general

>>130036000
omg you need an air tight seal

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>>130034801
You're recommending he buy when the price is higher? Any other hot market tips to share Jim Cramer?

>>130035629
>>130035649

That is my point. BTC is decentralized, kikes have no control over it.

>scams where bitcoins "disappear" or get hacked

What you mean is when a exchange gets hacked and is not ensured. Well thats your fault for storing your money at said exchange. Its like storing your paper money at an uninsured bank that gets robbed.

Has nothing to do with blockchain tech

>>130035195
by the entire Canadian economy. Compared to the fuck all of Bitcoin

>>130035629
Good move, Canada has a real estate shitstorm that's going BTFO of the CAD on the horizon.

When did /pol/ become /biz/?????

China controls the market. Anyone who invests in bitcoin might as well invest in Chinese real estate.

>>130033679
The latest FL blog post says it is going to, but it will immediately be replaced by something called "altcoin".

>>130035183
>>130035611
i forgot to mention this in my post.

regardless of whether or not august 1 is actually a fiasco, the community seems to think that it will be a fiasco

people have no confidence in BTC at the moment. its really such a bad time to buy

if anything have a look at LTC.

>>130036168

>syrup production and wood are a serious economy

Tim, I...

BUY THE DIP MORANS

>>130036163
>Has nothing to do with blockchain tech

But even that is suffering from a trust or credibility issue in the sense that it might not scale like they claim. Right now it's limited to about 7 transactions per second, I think, and one transaction uses as much electricity as a typical wasteful american home in a whole day. Which is thousands of times higher than a credit card transaction which processes immediately.

And if Bt hard forks, much of the trust will evaporate overnight.

>>130036141
Delusion, the safe bet for this cycle was byuing around 380 in March 2016 and selling around 1200 in February 2017, everything after this was risky bubble territory, could have gone to over 9000 or just 1500. Iam glad it just went to 3000, this will shorten the triangle correction

That one guy from biz with 10k in coins is going to commit sudoku

>>130033679
ETH is dipping too, and i just fucking bought some last week

>>130036489
Charlie Lee is the Don Quixote of crypto. Fighting for an ideal that died long ago. LTC is objectively better than bitcoin but unless August 1st is defcon 1 happening for BTC LTC will always be the redheaded stepchild of Bitcoin.

>>130034543
I thought there was news that the american government was going to crack down on it?

>nocoiners trying to discuss anything coin related
pmsl

>>130034543
i have an AMD card, should i sell it?

>>130036163
>Its like storing your paper money at an uninsured bank that gets robbed.
except you fucking can't, "uninsured" banks don't exist.

>>130036747
It may be second best but you can still make some cash off of it.

I would definitely buy LTC at $15-20

>>130036625

>BTC is the only blockchain tech that is out there

hmmm

There's no way to know how low it will go

It's gambling

>>130034543
AMD cards arn't mining bitcoins you mong thery're mining ether

>>130036259
I can't wait. It will finally force the government to start developing our great nation in a serious way. It really is a joke that the guy flipping burgers in this country, isn't a millionaire.

The mismanagement in comparison to potential, is off the fucking charts. It should be so much better here.

>>130036905

Yeah but they did at the beginning of banking.
This is a pioneer time, a new frontier. High risk, high reward.

>>130033679
That's not a crash. That's a baby correction. Bitcoin isn't for the faint of heart.

>>130035611
this
If they split in 2 coins, it will implode.

>>130035823
LMAO what. Just use coin base if you are a normie
>>130034585

>>130033679
Jewish tricks

i did it. AMA

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>>130036909
I'll have my money elsewhere. Not enough love for Litecoin and I don't see it changing anytime soon.

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>>130033679

>>130034975
Backed by peoples will for illegal goods and anonymity.

>>130037042
yeah, and the current banking system was created after people lost their entire livelihoods because of rumors started in bars and markets.

bitcoin is just reinventing the wheel out of postmodernist spite. clean your room.

>>130036934
its not gambling if you study it and pay attention

its only gambling for normies who jump in without doing research

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>>130035195
Delet dis

Drumpf btfo
2xmyKpUX2Zmkyegk

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>>130033679
>investing in memecurrencies
Thanks OP, I'm going to go shitpost on /biz/

>>130036823
>flaghider

kys

>>130033679
the time to get into bitcoins has passed son, should have bought when it was 10$

>>130033679
The banks did not like it, what can't be controlled should go down in flames.

>>130037163

>not paying your (gas)bills in HITLER

pleb

>>130037251

yeah...no.

>>130036912
>>BTC is the only blockchain tech that is out there

I'm no expert, but "they" seem to agree that absolute anonymity and no transaction errors is incompatible with efficiency and speed.

Remember when BTC was going to facilitate micro payments, and that was going to fix the web, where I could actually pay 5 or 10 cents for something without having to pay a $1 fee? If that had worked, you could pay pennies here and there for things you enjoyed, and the artist or video creator would get all the money (almost), and if a million people liked their stuff they would be fine, and fuck the studios. But that never happened, and probably won't with BTC.

>>130037042
this isnt analogous with new banking. this is analogous with an online barter economy who are all selling shells to each other.

everyone who wants to play with the shells adds value to the shells, so they have some value, but that value will eventually only be the first to market value of BTC

with infinite alt coins available BTC offers no competitive advantage. your shells are just as valuable in utility as my shells 2.0.

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>>130037269
So how low will it go then?

>>130033679
The market is crashing because oldfags want in on the new goldrush and they didn't want to buy at 3k don't sell to the old bankers

>>130037257

>renewal is not a circle

really made me think

clean my toilet

>>130037282

kek, not sure if this is real though..

>>130033679
yes, sell your coins goy, I'll have them and laugh at you when it flies into to the orbit in august

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>>130037269
Friend,spoken like a true gambler.

Not only is it gambling, it's now high stakes gambling. Get out, get out now!

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>>130034594
Eth is shit and it's not a coin. It's immature tech only used for ICO.

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>>130035403
I burned my wallet... several times... mined when you could do that, everyone did
>Hey here is 20 krones, go buy me a soda and you'll get 10 coins from me

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAARRRRRRRRRRG

but that applies to us most I assume

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>>130037163

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>>130037414
>he isn't sprouting proudly non-kosher beans

Sickening.

>>130033896
Yeah, don't invest in it... it fell down a bit so it must mean it's bad and you shouldn't invest in it

Anything, any currency or stock or metal that drops in price automatically disqualifies it forever

>>130035183
Is that what it looks like? Holy fuck, that's as bubble as it gets lmao

>I-it's a correction
Well technically it counts as one I guess, but that's an understatement and you know it.

>>130037446

BTC was first and is the leading currency therefore enjoys the highest trust. It is like the Gold of crypto world.

>>130037423

Check out the tech of Digibyte aside from all that muh gaming implementation talk, it is like an improved Litecoin, secure, super fast and cheap transactions.

>>130037678
I never bother back in the day because I thought why would anyone want o invest in meme currency

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>>130033679
>Digital Value
where can I sign up?
https://www.youtube.com/watch?v=w-sREpqDiUo
where can i go to get my poodles nails done?
dot com
all stocks are not real / rigged

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>>130037855
Even worse than the chart, this is the guy behind Ethereum.

>>130037855
>that's as bubble as it gets lmao

I agree it has all the hallmarks of a classic pump-and-dump, I'm just saying it's hardly burst at this point. It could recover like it always has in the past, and run up to 4k, or it could continue dropping and actually "burst".

>>130037707

I actually bought 4 MM RDD at 7 sats, ironic that reeddit would make me money from which I bought NSDAP books

>>130033679
http://www.coindesk.com/senators-call-digital-currency-oversight-anti-money-laundering-bill/

Something to do with this.

Instead of being a speculator's paradise, people are afraid it will cease being convertible to cash

If it goes down far enough I am going to bite the bullet and get some. ( not much ).

I wouldn't of released the paper if it had the slightest chance at failing

Use it or don't, I made it out of boredom

>>130037781
It's the absolute worst fiat ponzi ever created. NOTHING FUCKING BACKS IT!

At least the bullshit monopoly money we use day to day has government backing. Which honestly isn't worth shit, but it's better than what bitcoin has.

Or should I say doesn't have...

>>130037996
next stage in evolution

>>130038101
Nice, you sell it yet?

>>130037701
What's that at the bottom, magic beans?

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>>130037996
Jews fear the skeleton.

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>>130037996
Why would anyone buy a coin created by this Homo waifu?
https://twitter.com/VladZamfir/status/838006311598030848

>>130038085
the chinese are in big on it

>>130038192

I sold half at peak, kept the other half for RDD-ID.
Considering how many losers that watch cam whores are out there they could be on to something

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>>130038254
No magic, just BitBean.

>>130038172
Fiat money is fiat money

The thing with bitcoin is you don't have to trust banks or the government handling your money

Want PayPal to freeze your assets without warning? Keep doing what you're doing

At least I have a modicum of control

>>130037906
>, secure, super fast and cheap transactions

Typically I'm not a conspiracy guy, but I bet the traditional money handlers are shaking in their boots, and paying legislatures like crazy to make sure that in the end it will all be controlled by the traditional big guys.

dead cat bounce now. been a bubble, now correcting. if people would stop being stupid, it would stabilize 1500-2000 US

>>130033679
how much will bitcoin be when 1000 other cryptocoins are created?

>>130038487
Like the ones already made you idiot?

>>130038487
Exactly as it is now, since there are already that many kicking around. The real question is where will it be when people realize many of these work better than Bitcoin.

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>>130038380
Now is not the time to not be a conspiracy guy.

>>130037906
>BTC was first and is the leading currency therefore enjoys the highest trust. It is like the Gold of crypto world.

Gold has utility, it's not a correct analogy.

Bitcoin has the same utility as literally any crypto that any person creates at any time from now until the end of time.

First to market advantage is value but it is not going to sustain value. That'd be like the UK Pound being the most valuable currency today as it's the oldest. It's not.

>>130038254
>>130029857

>>130038371
You'd have more control holding physical metal.

If you're looking to store your value and save, it's the best way to go.

If you're into gambling, go with bitcoin. It did make a lot of people rich, for sure, but the game is fucking over now. GET OUT NOW!

>>130038380
They'll drive down the price by making bitcoin look risky and then I will finally get some bitcoin. They might or might not succeed in keeping it down.

>>130034594
ETH is literally backed by BTC

>>130038380

Only thing they can do at this point is market manipulation by buying into it themselves and trying to destabilize the markets with price dumping to lower trust into it.

Digibyte is super fast, the transaction takes 15 seconds till its done and you got the coins in your wallet. That is pretty impressive imho.

>>130038418
>it would stabilize

Look at the history of BTC, which is a mere blip in real terms, and the word "stable" does not come to mind. I still wonder how the fuck people accept BTC payments when it's bouncing around like it has been in the last few days. I suppose the price is pegged to some "real" currency and someone or other eats the difference when it's zooming up or down.

>>130038751
>Only as much as you can hold

>Only as much as you can physically protect

You're fucking retarded if you think people should store gold in a floor safe

>>130038323
chinks have manipulating the shit out of the market for a while now, but more importantly bitcoin needs to get its shit together on block size, transaction fees and time. fees to move your "money" are starting to rival the same fucking banks that it was designed to avoid.

>>130038371
>The thing with bitcoin is you don't have to trust banks or the government handling your money

Only if you lie and pretend
1. Governments cannot regulate your withdrawl of bitcoins
2. Governments cannot make crypto some form of crime
3. Governments cannot tax crypto cashouts so much that they become garbage investments

>>130037965
This exactly, damnit I even remember when it hit a krone here, that must have been late 2012 I think. I stood there with a friend and explained what it is
>joke shekels I said
>JOKE SHEKELS
Then it happened
1$
10$
100$
fucking 1000$ for some hashed shit in a chain

not gonna lie, former bitcoin investor here. This is fucking hilarious watching bitcoin crash and burn. But in all seriousness we can't let this coin bounce back

>>130033679

BTC is proof that you can create an artificial electronic currency/stock and sell the idea to techie hipsters to promote it and draw the normies in.

quite frankly im surprised there isnt a /pol/ currency at this point.

in the end BTC is worth w/e a fool is willing to pay for it. At least real money is backed by governments and armies and stocks are part of businesses with assets and capital.

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BTC is going to $10,000. Goldman Sachs is including it in their charting and muppet advice.
See schematic for further clues who's diddling the BTC market.

>>130038675

This is just a coincidence. Go to bed now, you are sleepy.

>>130038680

The final value of BTC is only to be estimated when the last coin is mined.
If you do not like the Gold analogy think of it as the old Deutsche Mark surrounded by Asian and South American shit currencies.

>>130039140
Well, there's NiggerCoin, JewCoin, and HitlerCoin.

>>130036385
>implying anyone has basic knowledge of business/economics on this board and it's not just a shitposting thread
WEW

>>130038997
>missing the point that it isn't as regulated or controllable as a physical currency

Are you being obtuse on purpose?

>>130039140
you have the old anoncoin, and no I'm not forking off and starting on a pol coin, there is enough shitcoins already, but well interesting though. KEK coin

>>130038920
You're right. Storing gold in a floor safe is just asking for it...

There are way better places to store gold. Remember it doesn't tarnish and the only acid that can eat it is Aquaresia. It opens a lot of options.

>>130033679
Honestly, the only excuse you have for panicking is if you're a total noob and clueless.
Bitcoin has had proportionally MUCH bigger drops throughout all of its history.

This one time it dropped from 10 cents to 2, that's an 80% drop.
But wouldn't you give your left nut to be able to go back in time and buy at 10 cents?

Yes you would.

Don't let these voices of doom scare you off, they just want to create a panic so they can buy cheap coin off your sorry ass.

>>130039140

>

t. Idiot

>>130038557
>>130038557
hahaha you have no argument so you become an asshole.

Face it you're in on a ponzi scheme. When bitcoin approaches 10 cents again I hope you will have lost your ass, but you probably already sold out to greater fools

>>130039356
>it's practical to store gold
>it's practical to move said gold

Cigarettes and booze would be worth more in the collapse of law and order, so why shouldn't I stock up on Marlboro and Wild Turkey?

Shits easier to move than gold

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>>130039182
>This is just a coincidence. Go to bed now, you are sleepy.

WTFrankfurter school for subversive. You're asleep while Merkel fucks your country up like the S&M madam she is.

>>130039383

I know, looking at the all time chart of BTC it always went up again and tripled.
But people don't care because apparently it is too hard just to let your fat lard fingers off the sell button and do something else for some weeks or months.

>>130039182
>The final value of BTC is only to be estimated when the last coin is mined.

That doesn't even make sense. You could have 1BTC or 1 trillion BTC market. The 'final value' will never be known because there's always going to be someone trading it. If a currency has a final value it must be 0 because that is the end of the currencies use.

Regarding currency comparisons: Those currencies differ based on the economic output/stability of the countries they are from, they have nothing to do with first to market advantage.

The only advantage BTC has is first to market, and that will not remain an advantage forever.

>>130039327
The only way it isn't controllable is if it is widely used and spent on goods.

It is GOOD money . People don't spend good money, they hoard it. Gresham's law means it will not be spent which means it will always be controllable.

>>130035611
What's up with that date?

>>130039491
>became an asshole

All I did was point out your retarded argument

There's thousands of cryptocurrencies already being used and actively being mined and haven't taken any worth from bitcoin you dumb nigger

>>130038863
I rode LTC up from 3 bucks - I'm looking at putting money into Digibyte and Bytecoin. Both are anonymous and fast. Also cheap for the moment. I'm mining Bytecoin at work...

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>>130039140
>At least real money is backed by governments and armies and stocks are part of businesses with assets and capital.

>>130039303
I just went to /biz/ is everybody only takling about bitcoins??

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Another shakeout, weak hands BTFO.

>>130039591

Are you sleepy as well? I for sure am. Let's go to bed anon, time to take a nap. Don't overthink any coincidence you might witness.

>>130033679
>bitcoin is crashing and will be completely worthless says increasingly nervous man for the 7th time this year

>>130039327
I didn't miss the point. The argument was it IS NOT regulated. Not LESS regulated. Of course a new fucking technology is LESS regulated, it takes time to even get into the public dialogue, then it takes more time for governments to develop policy.

Fucking retard

>>130039140
>
kekistancoin, goyimcoin, rothschildcoin, kojimacoin, Lesnarcoin, McGregorcoin, Mayweathercoin, 50centCoin, circumcisioncoin.. can't wait to make those once bitmint.exe is developed

>>130039551
>Cigarettes and booze would be worth more in the collapse of law and order, so why shouldn't I stock up on Marlboro and Wild Turkey?
That works here without any collapse due to over taxation. Most our shit comes from eastern europe if we don't moonshine

Actually grew tobacco (yes up here) when I went to the bachelor last year, but I never smoked it

>>130039719
dumb frogposter

>>130039783
>implying they could enforce them to begin with

Nigger

>>130039140
https://coinmarketcap.com/assets/pepe-cash/

>>130039140
there is pepecash, trumpcoin, president hill, impeachcoin etc. but yeah none of those are made by /pol/ users
you can clone bitcoin with dedicated blockchain here
https://www.walletbuilders.com/
or make a token on ether/waves network
>>130039282
those don't have any value really unless some exchange outside waves accept it or /biz/ gets enough outsiders interested in trading them on waves platform

You guys t alk about this shit like its a game and your the crybabies who go i want more graphics when t he game SUCKS SHIT so
its all fake hope you all fucking die

>>130039694
http://lmgtfy.com/?q=August+1st+Bitcoin

>>130039641

Because it will become less volatile once no new coins are added.

>>130033679
>Trusting a meme money that's more volatile than Trump's mood

>>130033679

Not even surprising.

The people who'd invest in this probably realized that, "Oh wait, in a situation where the dollar collapses, this will be useless too.".

>>130039699
my argument is absolutely valid lol

cryptocoins will become more common than emojis before long. the only difference will be the popularity factor, the 'i'm a superdeveloper hear my complez termzzz' factor, and the amount-of-suckers factor

Japan and asia appear to like crypto and blockchain tech. At the very least it will become a normal thing in that region even if the US and EU don't like it.

>>130033679
Say it after me, VERTCOIN!

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>>130039762

get on that darkweb and buy some drugs before they update their prices

>>130039887
Yes goyim it's super difficult for the government to require banks to regulate cash outs from bitcoin or barring companies from accepting bitcoin.

Goyim the government can't do that, the government doesn't have power to do that.

Your shekels are safe with the blockchain, absolutely.

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/thread

>>130040147

>>>/plebbit/

>>130040151

I use the chrome incognito window

>>130039787
There's already pepecoin, potcoin, niggers and hitlercoin.

>>130039140

i forgot to add that crypto currencies are based on real money to have any value at all so its just a smokescreen to help sucker people out of money while the bots do all the winning

>>130033679
this your first time watching bitcoin charts? this is nothing. consolidation of support after profit taking from an multi-week run of gains.

we're in the foothills. if you don't recognize that, you dont understand the tech or the value proposition

>>130039975
>Because it will become less volatile once no new coins are added.

I don't follow that. coins are added at a fairly predictable rate, so how is that contributing to volatility.

>>130034791
t.buttblasted nocoiner

>>130039975
It's a speculative asset. You could have a trillion of them and it's still a speculative asset. The number of Bitcoins isnt relevant to their value.

As soon as you could buy a fraction of a Bitcoin you just needed 1 Bitcoin to exist and it could've been traded upto a market cap of $1bn, so long as there's speculation.

>>130034543
>cryptocurrencies is the future
>still prone to the fickle erratic minds of people

>>130040128
Where is Vertcoin purchased?

Last I checked it was a fucking nightmare to acquire.

>>130040185

just like the government couldnt take down the silk road and doesnt already own TOR.

>>130040439

psychology

>>130034718
>tfw bought at 50 and sold at 180
If it manages to dip to 220 I will buy up more than I had before. Idk if such a dip is plausible though

>>130040482

When there are no more BTC's mined the amount of BTC will decrease due to lost wallets etc.
Which means it will steadily increase in value at a small rate.
It is l ike when the last ton of gold has been mined.

>honest thoughts

Your waifu a shit

>>130034594
>putting faith in a hard fork

>>130040520
when they "took down" silk road 40 other sites popped up

>>130034389
hovering around the same levels vs BTC, but roughly equal drop right alongside vs USD.

this is definitely a BTFD moment.

>>130034692
vs USD, yes.. after reaching ATH. but still same levels vs BTC.

>>130034857
>overvalued
what percentage of the global population knows what bitcoin is or how it works? whats its market cap already? k. thxfag

>>130034975
>not understanding that BTC is backed by electricity expenditures and encryption

>>130039303
>/biz/ retards actually believe they have a basic knowledge of business/economics
LMAOing

Still a long way to go before it's not a good investment.
Sure you don't get your 1000% profit, but it's still good.
I'm guessing it's being attacked by central banks.
They fucking hate this shit.

>>130033896
You were recently thinking of investing in it when it's price was like 3k?

>>130033679
Lol couple days ago there was a btc thread. When it was around 3k. Some anon in the thread bought 2 coins at that price.

>>130040424

Bunch of rookies, Weak hands get shook.

>>130041413

Rookies. Buy the dips not when its shooting up. FOMO is real and idiots will be idiots.

>>130041413
Wow, that was a stupid move.

Or maybe not...

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>>130039491
>''i-it's a scam you i-idiot'' says increasingly nervous fiatcuck for the 5th year in a row as bitcoin becomes more and more valuable

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>>130033679

>>130039887
>implying the US government doesn't control most exit nodes
>implying that banning all businesses from accepting bitcoin wouldn't affect their value
>implying that banning any financial institution from transferring funds to/from a site associated with bitcoin would be difficult

faggot

>>130037257
>yeah, and the current banking system was created after people lost their entire livelihoods because of rumors started in bars

wtf even is this post

Yeah, and 9/11 was an unforseen tragedy

>>130034266
i mined a few litecoin when it was new. it was like $40 back then. after awhile it dropped to like $2 and stayed there for a year. now its like $30?

Cryptos correct like this pretty much once a month. This is literal non-news if you know how to protect your assets.

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>>130036718
>he fell for the cyrptokike meme
AHAHAHAHAHAHAHA
I hope you faggots take your retarded coin generals off of /biz/ now too
ahahahahahahaha

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>>130033679
Who needs bitcoin when you have neetbux

>>130041851
Yup. Segwit was a huge boost.

>>130040056
It won't be because other sovereign countries buy BTC as well.

>>130033679
>tfw ETH is crashing too and just bought 0.75 worth

If it gets back down below 2k you should buy one, these things are going to top out at 10k in the next 3 years

A bit more than a year ago, I heard about ethereum and started solo mining this shit with my Radeon 7970.
A week passes. No block found. Fuck this shit.
I was an idiot and didn't know about mining pools.
Ethereum was 5$ back then.
June, I buy 2 Rx480 8gb for the lulz and use them for gayming.
A week ago learn ethereum is like 300$.
Tfw I could have mined the crap out of this shit and literally made 10s of thousand dollars.

>>130033679
This is how Global government gets born. Start a global crypto Currency, let a bunch you guys get invested in it, make sure a whole bunch of people lose their ass on it so you can all cry and scream foul and then an entity will pop up of a global nature to regulate it and Global government is born... an unelected non-representative Global government. If you can't hold it in your hand it's a fucking scam. BTFO the funny money dumb asses.

>>130033679
Bitcoin is a meme "currency" that only has perceived value because retards believe that bitcoin mining has the same validity as gold mining or manufacturing.
It is Kleptocurrency and will burn your ass to the bone when you are one of the last people holding bitcoin when it vanishes.

>>130040508
poloniex

>>130042581

This anon gets it.

too many neets in here dream of hitting it rich quick and blinded by greed.

>>130042821
Nevermind. I meant veritaseum not vertcoin.
IsaladMoreWhaleCum

everyone is pulling their money out of BTC and putting it into ETH

Goldman Sachs just started offering a new service that operates on ETH:
https://www.nytimes.com/reuters/2017/06/14/business/14reuters-fintech-payments-circle.html?_r=1

Perfect time to jump in, buy the dip or live to regret it.

>>130043509
Always archive
https://archive.is/BwUU4

>>130043566
thank you xir

>>130043509
Ethereum is vaporware.

>>130034266

Literally "buy the dip goy" the post.

There is nothinv more i sufferable than coiners.

Nothing.

>>130043822
>There is nothinv more i sufferable than coiners.

Nocoiners are more insufferable

>>130033679
Some thread last week someone said (((They))) were planning to crash the crypto this week.
We were warned. He said they would crash it so the normies would all sell off, and then they could come in and buy it all for peanuts.

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>>130043822
I can think of a few more insufferables.

Buy the dip

>>130043956
good. finnaly i can get back in this game.

For a guy with $400 in his bank savings, is there any way I can benefit from this at all? Any tips?

>>130040455
soon to be poor nofiater

>>130033679
>crashing
Duh. This is the second time it's happened. People know the game now.

>>130044101

buy as many ETH now using coinbase, wait until it hits $500 next month, sell for a nice little profit.

cap this post nocoin faggots

>>130044101

alternatively, buy STORJ as their second ICO just ended and was a huge hit

>>130043566
>>130043609
he's a bot ignore that fool

>>130045387
^ This is a bot that goes around accusing everyone of being a bot

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>Goys think they can run from me

>>130033679
Not gonna lie, former Bittcoin holder here. This is fucking hilarious watching Bittcoin crash and burn. But in all seriousness we can't let this currency surpass gold.

>>130033679
The design of a disruptive crisis must also be done according to procedures; once the cryptocurrency system has been deployed and successfully tested, the collapse of the dollar-based monetary system can proceed as planned. Actually, we are moving from a system based on the gold standard - in which the actors do believe that the declared quantities of gold are really what they are told - to a system based on altcoins, in which the agents do believe secrecy and anonimity is guaranteed. Of course, this is not true.

>>130043509
Oh humanity's buddy Goldman Sach's is offering a service to make a little money off you getting on to ETH?
SOUNDS LEGIT?
I bet if you go to a carnival it takes forever for you to walk down the midway, because every carnival barker stops you and gets your money, and you walk out of the place with your pockets turned inside out without even a over sized low quality stuffed animal.

GLOBAL BANKERS ARE NOT YOUR FRIEND. If they are about it, then stay the fuck away from it. If they are against it, and it ACTUALLY threatens them and their strangle hold on the world, then it is much more likely in favor of the people, and not the banking jackals.

You are a fucking moron to throw money in to the snake pit, let the snakes play with it, and expect the snakes to give it all or any of it back to you again. Put your money in tangible things that have value to YOU in this real reality. Only invest in things that you want to see succeed, not greedy visions of profit to sustain some vision of hedonism. Don't be a snake, snakes always see a snake in the mirror.

>mfw someone tells me bitcoin is the currency of the future

You can't have a currency when it can tank overnight for literally no reason

Bitcoin exists only for short-term traders to make money off deluded people

>>130050949
Many currencies have tanked in such a fashion in as little time. Your friend was right, and the meaning of what he said wasn't difficult to see. A cryptocurrency of some form WILL be the future of economies. It is a question of when it will happen, and which, but not whether.

Bitcoin exists mostly as a speculative currency at the moment, but can easily become a genuine standard itself, moreso than it already had.

>>130033679
>>130034474
>>130034791
>>130034975
An exchange got hacked this is all

>>130034543
Fucking idiot nobody mines bitcoins with gpus. Bitcoins are mined woth asics which are 1000 of times better than gpus. The amd card issue was 2014 witj fucking dogecoins. Because there are no asics.

>>130051255
Currencies tank for economic reasons. Why did this dip happen? What economic pressures caused this crash?

>>130034975
Backed by demand for unregulated currency and low confidence in foreign currency

>>130033679
Just a dip, great moment to buy.

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>>130034718
Wish I invested more like you but hey, bought 1 ETH for $11

>>130033679
>>130033896
>>130034474
>>130047783

Its crashing because the writing is on the wall that Trump is going to pass that 1984 orwellian shit about being able to take people's money and throw them in jail.

Trump is cracking down on CP and Pedos and iSiS and he's going after bitcoins, prepaid cell phones, and prepaid debit cards in order to do it. Even if it doesn't pass, he'll get it through eventually (its a tight pussy, but he just needs to wiggle it a little).

Press F

Bitcoin and ALL these other cryptos are doomed at this point.

>>130033679
ITT: Jews shamelessly FUDing all over BTC so they can accumulate more

>>130037141
>i did it. AMA
Poo?

>>130035005
I predict it will next settle near $1500 due to the recent people that bought into the hype. They won't be able to buy or sell as fast as the financial firms, and will just "let it ride". I'd buy in at $1500 for the next runup.

>>130052359
An exchange got hacked which caused the drop, just coz burgers will be getting theirs seized doesn't mean the rest of the world will be, the only thing thats doomed at this point is the empire

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Friendly reminder that we are in the "delusion" phase of cyrpto-currencies. (hence the basically infinite amount of "invest now" videos and articles being shilled.)
AKA the,
>I'm gonna make a 100% return a month, and be a millionaire in 3 years!
logic.

One of the very first principles of smart investing, is to NEVER invest due to emotion. There is nothing tangible with any of these cyrpto-currencies that put it anywhere except a pyramid scheme.

>but muh asia
See "New Paradigm" part of the chart
>but muh highly intricate mining procedures
Gold did the same thing in the 1980s, and has never returned to its peak, as everything in the long run returns to the mean.

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

>inb4 "It's almost like you don't want to buy a lambo."

>>130052868
Friendly reminder that you don't get to a crash until you hit market saturation and also you are retarded

>>130052868
When you look at the biggest wallets, you see highly active trading, netting $20 mil in a few days. These are financial firms literally robbing kids. It's pretty funny.

>>130052762
if the burgers get something seized you can bet your life you little pawns in the UK experience the same thing

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>>130053136
>implying that cyrpto-currencies have a market saturation to hit.
>implying that 99% of bitcoin exchanges aren't done by illegal gambling, drugs, or 17 year old wannabe Warren Buffets who think they will be millionaires by 20
>implying it has long-term stability whatsoever when prices drop and rise 100% a month like a fucking trampoline, because it has no base besides speculation

https://www.youtube.com/watch?v=32l1ht1wlLI&t

>>130053604
I have no doubt about that but we aren't the only two countries

>>130033679

Structured fall.

It's going to drop to ~$1200.

>>130052685

I liked it at $2300, I love it at $1500.

>>130053622

>because it has no base besides speculation

So it's the USD, without the force backing.

>>130033679
Literally EVERY TIME you start seeing shillcoin threads, it's at the end of a pump and dump cycle. Only idiots buy in in the first place, let alone pretend like it isn't a scam when one of the largest owners of bitcoins is the US Gov't from their seizures.

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>>130033679
You guys realize why ALL crypto markets are down, right?

>Cryptocurrency proponents are also worried about a bipartisan bill being introduced in the Senate by Iowa Sen. Chuck Grassley and California Sen. Diane Feinstein called the Combating Money Laundering, Terrorist Financing and Counterfeiting Act." Bitcoin.com called the bill a "pit bull assault on bitcoin freedom," because it would treat digital exchanges more like banks, subject to greater reporting requirements. The bill was introduced on May 25, but has not advanced to a vote.
http://www.zerohedge.com/news/2017-06-14/you-wont-believe-stupid-new-law-against-cash-and-bitcoin

https://www.grassley.senate.gov/sites/default/files/judiciary/upload/Money%20Laundering%2C%2005-24-17%2C%20Bill%20Section-by-Section.pdf

Write and call your republican senators and urge them to block this garbage.

Also
>(((Feinstein)))

>>130053622
>everything has a market saturation
>meme statistics
>once fully mined in about 2024 will stabilize
I make no pronouncements on what it will stabilize at could be anywhere from $10-$mil

one guys opinion does not make fact

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>>130033679
>bitcoin
>honest thoughts

>>130039725
Biz is always riddled with crypto currency threads

>>130033679
This happens every month.

Shorting bitcoin atm, maybe i'll make some buxx.

>>130054499
larp harder

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>>130054226
I'm really for /biz/ to die already, so they can learn actual business practices and investing. Anyone investing in cryptos now is doing if because of EMOTION, because of the FEELING that they will GET RICH QUICK. You can tell just from the language they use in those threads. At best, at absolute best, you are straight up gambling to invest in this shit, especially, ESPECIALLY now.

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>>130033679
All these bitcoin advocates have never actually sold any.

Its fucking impossible to sell them. Bitcoin is a scam. The NWO Illuminati plan is to go cashless, remember? Bitcoin is the perfect NWO currency.

Buy silver or Gold

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

>>130036769

R A R E
A
R
E

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>>130054806
I meant to select this image

>>130054806
The sell perfectly well on local butcoins and spend perfectly well at more and more places and more and more cash machines popping up where you can exchange for cash

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>>130036769
Yeah they passed the,
“Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.” act.

Bitcoin is a scam if you ask me

>>130034975
>bitcoin is a fiat currency

But that's wrong.

The way I understand the situation, the FBI/CIA/ETC holds the vast majority of this "currency" (due to it being the main currency for shady internet dealings that got raided (cue: silkroad).

If so that begs the question: CAN Bitcoin even crash (unless certain three-letter-agencies want exactly that)? And would they even? What would be the gain in this case?
A short-term money infusion perhaps, more and illegal weapons for their syrian regime change though that one is pretty much lost and they should know that. So, possibly arming the iranian kurds to incite the next civil war? Wont work either as Iran is too homogenous and will fall into line the moment there is a serious threat.

>>130055145
Have you sold any?

>>130055451
Yes on local bitcoins

It is such a speculative bet, shit gets real volatile

>>130055451
I haven't tried but I use Kraken to trade cryptos and there is an option to withdraw as GBP USD or EUR on there also

>>130053622
thats why crypto is shit as a currency, however underground corporations will still use it to buy black market items.
it could still have worth as a store of value, like gold

>>130055489
>on local bitcoins

You sold bitcoins on local bitcoins? What does this mean exactly?

>>130053622
These currencies are a digital alternative to gold. Good luck believing that, until 1000 trilions, I won't believe it's overbought.

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crash and burn the jew world order.

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This is the big switch from Bitcoin/Ethereum to Litecoin.

Litecoin will likely surpass 2k before the end of the year.

>>130055671
The web site localbitcoins.com, my bad lack of clarity

>>130036594
>MORANS

>>130055630
>I use Kraken
You use digital IoUs by Kraken, not Bitcoin. Kraken uses Bitcoin, but even here I'm quite sure they trade in IoUs by some chinese mining company.

>>130055747
That'd be nice I have 20

>>130055694
Yeah goy, keep saving in our inflated currency, don't plan for the future, also, bail out means success.

>>130055852
Bail ins are the real worry for savers

>>130054806
I get your point but it's not impossible to sell them, I made a little fortune since my early twenties without knowing shit about trading or currencies . Also, cashless or not, the principle for money is everywhere the same, be it for shiny metal chunks or bits and bytes, as long as it's rare and people use it.

>>130055799
Interdasting

>>130033679
might be a good time to buy. the market had to do some correcting after the insane bull run of the last 2-3 months.

>>130033679
it's crashing because Trump and Republitards are cracking down on cryptocurrency

>>130055923
Both are bad for savers, bail out are just more common because they don't need to confiscate anyone's property directly. The problem is not what people see, but what they don't see.

>>130055754
no worries. Thanks for the link. Im still skeptical, but I'll look into it.

>>130033679
time to buy Doge Coin now?

>>130055747

lolno

>>130056175
You need to see the lite: >>130055747

>>130056141
True but when bail ins happen and that 20k you have in an ISA disappears you would certainly notice it.

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>>130055852

i'm not buying or investing in something i can't even touch. bitcoin is a jewish invention.

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>>130055747
oh great a new pump and dump every 5 months, swell

>cryptofags
Gold, silver, and land master race.

>>130056443
Nice! good goy! Keep being st.. smart goy!

Scammers trick you into buying fake money with real money inflating crypto kike confetti become billionaires - pop all your fake money that you bought with real money is gone.
Scammers win
You lost
but you're so jewed by anonymous shills spamming hard with "muh evil American dollars" "invest in muh non-jew confetti" (it's the ultimate jew confetti)
that you'll still support the scam & do it all again with different crypto jew fake confetti

fucking idiots lol

>>130033679
bubble, always was

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1. BITCOIN HAVE LIMITED QUANTITY, IN DIFFERENCE FROM TULIPS, DOLLARS AND Ethereum
2. GOLD EXACTLY SAME A PYRAMID SCHEME AS A BITCOIN BUT ALREADY ABSORB ALL IN
3. CURRENT CAPITALIZATION OF THE BITCOIN 35,788,210,511 USD
FOR EXAMPLE RUSSIAN BILLIONER ALISHER UZMANOV MAY BUY THE HALF OF ALL BITCOINS
USA MILITARY BUDGET - 611,000,000,000 USD
USA DEBT - 18,984,100,000,000 USD
GOLD IN THE WORLD 31553,2 TONS = 1,278,960,782,690 USD
BITCOIN SIMILAR TO GOLD FOR ACCUMULATION AND SIMILAR TO DOLLAR FOR MONEY TRANSFER
THE ONLY THING THAT PREVENTS THE BITCOIN FROM BECOMING A WORLD CURRENCY IS ITS LOW COST
AT THE PRICE OF 10,000,000 USD FOR 1 BITCOIN IT ALREADY CAN REPLACE DOLLARS
-----------------------------------
TYPICAL PROBLEM FOR BILLIONER: TO BUY APARTMENT FOR 15 YEARS ASIAN GIRLFREND
FOR EXAMPLE YOU - BILL GATES
YOU HAVE MONEY IN THE BANK
YOU CAN NOT DO ANYTHING WITH THIS MONEY, YOU CAN NOT TAKE TONS OF CASH. GOLD IS VISIBLE ON METAL DETECTORS AT THE AIRPORT
BEFORE PAYING SERIOUS MONEY, YOU NEED TO RECEIVE THE APPOINTMENT PERMISSION AND PAY THE TAXES
AND IF JOURNALISTS SEE WILL BE THE SCANDAL
WITH BITCOIN THERE IS NO PROBLEM
WITH BITCOIN ONLY PROBLEM IS BITCOIN LOW PRICE AND LOW BITCOIN AMOUNT IN INTERGENERAL ARBITRATION
-----------------------------
HERE IS THE DIAGRAM:
https://ibb.co/h8HDiF
BITCOIN PRICE WILL RISE, LIQUIDITY WILL INCREASE, APPLICATION WILL BE EXPANSIONED
THIS IS THE EGYPTIAN PYRAMID AND NEVER WILL BE RUINED

>>130057310
admit it, you don't even understand the tech do you sweetie

>>130056062
What is a MagicthegatheringOX and fractual reserve

I understand that they represent processing time/money to create, but how do they have any intrinsic value? Is it another tulip craze?
Inb4 hurr durr fiat USD.

>>130057901
My point is you were speaking in absolutes about something you don't understand basically just shitposting, thats cool

>>130055747
litecoin will not pass BTC, ETH on the other hand. I could see that passing btc in the next 8mo to 2 years.

>>130036823
>hiding his flag knowing he'll get shit on for it

>>130057798
Don't know and isn't that where banks loan out more than they have?

>>130056443
if you become rich off crypto, you are the jew now

>>130057901
no fiat currency has intrinsic value

>>130058576
So nice to clean my butt in the president's face

>>130057310
damn, this is some retard level shit right here. keep being poor, poorfag