BITCOIN JUST REACHED $4400 A COIN WHAT THE FUCK IS HAPPENING

>>137510304

In reality its a digital currency worth nothing.

>>137510580
>t.brainlet

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>>137510580
>not having coins in 2017
anon please don't fuck with me about this

>>137510304
All I can say is beware the roaring 20's.

>>137510304
>America balkanizes in brutal civil war
>dollar stops being world reserve currency
>gold is too much of a pain to pay transactions in
>bitcoin goes to 150k a coin in pre-hyper inflation dollars
ids coming.

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>>137510304
it'll all come crashing down soon. now is the best time to short bitcoin.

fucksake, I keep thinking it's going to crash anyday so I'm not buying, but it keeps going up
monero is better tho

>>137510304
Vega 64

>>137511757
Reminds me of all my nocoiner friends who talk about BTC when it makes the news like they know anything. Go ahead and open a short english "teacher." Oh wait, that's right, you don't even have an account on an exchange let alone the funds to short anything.

Who else waiting for it to crash so they can buy some

>>137510304
Normies are flooding in again. Smart people will sell around 5k, it will fall shortly, then crawl back up to 6k a coin.

But yeah, normie flood.

>>137511965
lmao does it really trigger you that much. sorry if being japanese/not being delusional offends you.

>>137510304
Bitcoin isn't worth shit, it's not backed by anything

>>137512410
>d-does it haha t-trigger you haha xD!!
I said if you are so confident it will crash then open a short. I am also pointing out that you don't even trade Bitcoin so you really don't know what you're talking about. I'm not agreeing or disagreeing with you at all.

>>137512563
>US Dollars isn't worth shit, it's not backed by anything<

>>137512710
>>d-does it haha t-trigger you haha xD!!
so basically you just confirmed you were triggered. thanks for the confirmation.

>>137510922
>>137510995

Cant wait for this currency bubble to pop and you guys invested in nothing.

went from poorfag to car house and 550k savings in less than 2 years
question is do I cash out more or keep letting it ride

>>137512856
Too stupid or afraid to engage in discussion. Why even use this website? You're anonymous here. You don't have to be afraid.

>bitcoin isn't backed by anything!!!11!
>big bubble will pop

nocoiners BTFO, it truly shows you know nothing about cryptocurrency. Made 70k in profit from cryptocoins but that could be sooo much more if I didn't daytrade so much like a pleb and just held instead. Was almost a selfmade millionair at the age pf 23.. Last week I earned more than $15k

>muhh bubble

kek

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>>137512905
>He doesn't even know that we just beat the crash

>>137510922
>muh digital codes are worth something

>>137510580
You mean fiat?

Keep sucking kike cock

>>137513101
Uh...I'm the one who brought up a discussion, and you're the one who got triggered for no reason and made baseless accusations. Why are you even here then? There's nothing to be afraid of.

>>137511988
me. I'm buying alt coins tho

>>137513114
It's not backed by anything.

>>137510580
In reality all currency is worthless we give it value

>>137513114

amateur, I made 100k last week alone trading from the drive thru window at Wendys and have a 9 inch penis.

>>137513268
>doesn't understand encryption
>doesn't understand the (((federal reserve)))

>>137513327
its backed by its security

>>137510304
>1s and 0s
>Money
Pick fucking one brainlets

Have fun with your ponzi scheme

>>137513327
hashing power, decentralized consensus, live ledger 24/7 for over 7.5 years

>>137512844
US dollar is backed by the US government, which has taxing authority.

Bitcoin, is backed by NOTHING

>>137513327
>According to research produced by the Bank of Canada, the emerging Bitcoin economy has many similarities with the economy based on gold standard, in particular:[89][90]
>limited and predictable supply of the anchor of the monetary system
>no central bank or monetary authority controls the supply
>low or non-existent inflation
>virtually no arbitrage costs for international transactions
>Governments have less control over their domestic economies
>Governments lose seigniorage revenues that they obtain from the ability to almost costlessly create money

Gold standard was dropped a long time ago. Keep wagecucking if you really want

bubble.
gonna crash hard asf sometime soon.

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>>137510304
Get ready for the old Khazarian pump and dump, stupid goy

>>137510995
Ugh just imagine being stuck under a blanket with stinky gabu. She probably hasn't showered in over a week. Imagine the smell.

>>137513746
the US government, 20+ trillion in debt 100+ trillion in unfunded liabilities
the US government, the one that shuts down for a few days so they can decide their debt ceiling

>>137513875
Funny it has been called a bubble since 1800

>>137513775
Gold is a real material with intrinsic and practical value. Bitcoin is nothing and has no value and it will NEVER replace fiat currency as it offers no tangible benefits to 99% of the population.

>>137513875
Then short it, genius.
If you're so confident then you're turning down a major moneymaking opportunity otherwise.

>>137514011
So what? If it's debt's came due, it can tax people, seize land, or sell of assets.

What is Bitcoin backed by? Nothing.

>>137514300
what they can't seize is bitcoin lol

>>137512710
hey, let them think its a bad idea, SHORT BTC DUMMIES, PLESE SHORT IT SO I CAN BUY MORE CHEAPLY

>>137510304
the big boys have been going a bit in on bitcoin, raising its price, and now shilling it more, so its price will further raise?

>>137510304
goldman sachs jews pumpin the coin to 4800 and dumpin it

look at all the sell orders at 4800 lmao

>>137510580
fpbp. It's only good for pump and dump which is why all these scamming cucks try to get more people to buy in and make threads everyday.

Bitcoin is literally worthless and cannot buy anything of value in the real world. No grocery strore accepts bitcoin, no clothing store accepts bitcoin, it's only purpose is for pump and dump investing.

>>137513875
ok, you buy it

you sell it

this bitch is moving, i dont know why you idiots are so directional

>>137514158
>if something isnt physical it has no value

Bitcoin is backed by an astronomical amount of proof of work, cryptography, and a ledger that is fully functional and has been for over 7 years already.

>>137514508
This.

>>137514462
Exactly. All these people saying "muh bubble" could be making shitloads of money if they were so sure.

>>137514508
can you please share where you got access to NYSE level 2 depth books on BTC?

it isnt exchange traded dummy

>>137510304
>tfw want to invest but no $
Price will only go up as political tensions in the west continue to grow.

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>>137514684
Short now.

>>137514300
I have gold a house a car and (((they))) can take that if they want
I work and get taxed so (((they))) can redistribute my money to blacks and refugees
I hold bitcoin and that's what (((they))) are afraid of

>>137514654
>Implying these fags are actually capable of understanding cryptography

>>137514654
>a ledger
bitcoin is going to get btfo by the jew.

>>137511482
>bitcoin is limited to 7 transactions per second globally
>VISA can handle 40000 transactions per second
>bitcoin is too much of a pain to pay transactions in
>bitcoin crashes to zero when people realize it is incapable of functioning as a medium of exchange due to inbuilt technological limits on transaction volume.

>>137510304
VIX goes up by 50% that means their risk goes up by the same amount therefore they have to trim down their portfolio size by the same amount. then after they sell that the freed up extra cash and they take that extra margin to pursue shorter term daytrading.

>>137514455
They can seize your internet access, or the power grid could go down. Then what?

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>>137510580
>>137511305
>>137511757
>>137511917
>>137512563
>>137512905
>>137513274
>>137513327
>>137514885

>>137515171
The first and only substantiative criticism of Bitcoin I have seen on /pol/

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>>137510580
this is a common misconception people who don't understand how mining works just think the coins come out of thin air but in fact it requires a massive amount of electricity to produce just 1 coin so no they are worth the energy used to create them in fact, again this is not some random E thing, it's a real actual stable currency backed by energy

ITT: Brainlets with no economic or cryptographic knowledge.

BUUUU BUUUH BBUUH MUH USD!

Yea the same currency which has lost 98 percent of its original value and is used to be stolen from the wealthy and given to niggers through taxing. Just admit you like paying your taxes to feed niggers pol. Keep sucking that federal reserve kime cock who control every part of your life, because guess why? The control the money. How it is distributed, how much is made, and how they can fuck you over.

>>137515171
>what are second-layer payment systems
>what are sidechains
>what is a blocksize increase
>what is sharding

>>137515171
what is segwit, LN, payment channels, 2nd layer transactions
this "bubble" is in relation to the segwit upgrade which allows the other functions I mentioned

>>137512844
>have an account on an exchange let alone the funds to short anything
You have to pay your taxes in USD.
So there will always be huge demand for USD even though it is back by nothing but state violence.

>>137513089
cash out now dumbshit.

>>137514518
A lot of online places accept BTC. (Papa Johns, Steam, Microsoft, Twitch, etc.).. Additionally, many stores in places such as NYC and San Fran. also accept it. It's accepted a lot more than you realize; it just isn't super publicized.

>>137515520
until the saudis start accepting yuan

>>137514788
i don't know what specific exchange the other poster is talking about, but
there literally are bitcoin exchanges which match up buyers and sellers to trade cash for bitcoins
https://bitcoin.org/en/exchanges
how else would people buy it? posting their wishes to buy btc in craigslist? no.
and if there's an exchange with orders on it, there's a book somewhere. how could it be otherwise?

>>137515041
>decentralized ledger that is shared across thousands of nodes across the network
No.

>>137515271
I have gold/silver, but we're all fucked if that happens worldwide
the reliance on internet and powergrid supports 100s of millions of people, logistics, food, etc. so expect some shit if that goes down, something a lot bigger than bitcoin

>>137510304
how is this shit not just a mania? bitcoin has no intrinsic value and nothing guaranteeing its purchasing power. it just represents wasted electricity and cooked radeons.

Shit... I just bought $20 worth last week at $3400 per coin

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>>137513775
>Bank of Canada

>>137515711
Wow I can buy pizza and video games with my fake money lmao

>>137513746
US Dollar is backed by the solvency of the US Government.
http://www.usdebtclock.org

We broke.

The US won't be able to pay the national debt without massive inflation destroying the value of the US Dollar.

The US Dollar's value is not found in the US Government being able to tax its citizen, it is found in the default status as a world currency and in particularly its use as a currency to transfer import/exports which include crude oil. Russia and China are aggressively seeking to bypass the US monetary monopoly. The US Dollar will slowly lose its value and usefulness.

>>137513408

yes goy buy into cryptos it's not like Quantum computers are a thing

>>137515857
>I made like 5 bucks.
K

>>137515271
You should have physically copies of private keys and whatnot stored.. Cold storage, physical wallets, etc. It's a global network; extremely unlikely for all nodes to go down at one time.

>>137510304
Now it's time to move out of bitcoin into the alt-coins. When they rise and bitcoin stagates, move back into bitcoin rinse and repeat. They are all going on the same general trajectory, but if you lead it a bit you can do better.

>>137515271
>They can seize your internet access, or the power grid could go down. Then what?

The ledger doesn't disappear just because the internet goes down.
Everything will fragment for the next x days/months, during which BTC will likely be adopted as a carrier on HF HAM radio.

During the chaos, transactions will be unreliable due to possible rollbacks

>>137515316
Kim Dotcom is developing a service called BitCache to solve this problem

>>137510304
Reminder that Bitcoin is a pyramid scheme. Not saying you can't make money off a pyramid scheme, but understand that eventually someone has to be the loser. Word of warning to anyone wishing to get involved in this.

>>137516064
Bitcoin surge on Kim Jong Un won't emp the internet and fry the system.

Anyone else /stupid/ here? How the fuck does Bitcoin work? What is a blockchain? How did WikiLeaks hide shit in bitcoins? Please explain it as simple as possible I'm just a dumb idiot leaf.

>>137515890

We ain't broke. The USA has over $600+ Trillion in assets.

>>137515879
http://spendbitcoins.com/places/
And plane tickets. Gift cards. Car parts.
You can even buy houses.

>>137516227
Thats every stock you cuck

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>no value

I can survive, pay my phone bills, order food, go to restaurants in my small city, buy games..all with bitcoins. Just look at this graph and buy coins. If 1000billion is invested in crypto's, a btc will be worth alot more than $10000

Has anyone here actually successfully withdrawn any substantial sum??? Doesn't it's value tank whenever someone makes a sizable withdrawal making it nigh impossible?

>>137515961
^this dude is so smart he just figured out how to bust a 100billion+ dollar market

>>137516484
>I can buy things by converting my fake currency into real money

>>137516432
Know what it is. You should be weary of people saying, "Man, I got insta rich and can basically retire now in my 20s. Why haven't you bought in yet?"

It's probably a guy who spent thousands of his hard earned into buying bitcoin and is now desperately looking for someone else to pawn it off to for even more.

>>137515271
You can literally print a bitcoin wallet on a piece of paper. Regardless, if the power grid goes down you'll find that you will have much more important things to worry about.

>>137514158
Can you not read? He pointed out that the gold standard was dropped a long time ago. The US functions on a "Fractional Reserve" system (our money is not backed by gold). This happened over 20 years ago.
Are you retarded?

>>137510304
me when i check bitcoins price https://www.youtube.com/watch?v=Beq17H5T9zs

>>137516307
(((paypal))) and the US government and credit card companies blocked donations to wikileaks
so wikileaks was one of the first groups to accept donations for bitcoin
the creator of bitcoin satoshi said wikileaks poked the hornets nest and didn't post publicly again

>>137515801
how is gold worth anything? there's a finite amount of it, it is a currency backed by the very crypto algorithms that all the world's banks rely on to make transactions

>>137516494
it's got a $70 billion market cap, do you really think your $10k cash out is going to change anything?

>>137514518
>No grocery strore accepts bitcoin, no clothing store accepts bitcoin,
If you want to buy food with bitcoins, you just sell 20 dollars worth of bitcoin, and use that money to buy food.

What you are saying is like, there is not need to invest in the commodity copper on the stock market, or apple stock, because a restaurant will not give you food for copper or apple stock

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>>137515711
>>137515879

>>137511482

>Implying the Internet will still operate during a "Brutal Civil War"

You Coinfags are hilarious.

I just want the fucker to crash already so I can buy a shitload

>>137516928
https://bitpay.com/card/

>>137516902
>how is gold worth anything?
>there is a finite amount of it

>>137516303
There are several grades of EMP, but basically, the only viable one will take out most major power grid transformers while leaving most electronics intact. Doomsday EMP's require orders-of-magnitude more boom boom.

BTC is all built on the transaction ledger, and every full Bitcoin node contains the full ledger up to that moment.

EMP would temporarily take down large chunks of the internet. When things come back, all the nodes reintegrate and things go back to normal.

I can go on if you like

>>137514518
>No grocery strore accepts bitcoin, no clothing store accepts bitcoin, it's only purpose is for pump and dump investing.

That's fucking wrong, as I stated before, I can go to restaurant, shops, pay phone bills, order food, buy games and pay with bitcoins. you can order clothes and pay with bitcoin. The loudest people here don't know shit about crypto's man..

>>137516307
https://youtu.be/bBC-nXj3Ng4

Watch this anon and any others that want to learn. I know its long but it will change your life. The brilliance and potential of bitcoin is amazing.

>>137510304
WE NEED A BITBEAN RALLY RIGHT NOW REEEEEEE

Always the same game. Made my winnings, not angry that I'm out and didn't made a potential extra 15K, but not delusional enough to buy again in the next 5 years. Than again, I was on Btc-e, so probably the best I sold before. Have fun on the ride. For those who sell too late. Don't hold the bags

>>137515373
>it's a real actual stable currency backed by energy

Which is unregulated and anyone can create a new "cryptocurrency", making it completely worthless.

>>137510580
Are you dumb? It's worth $4400 per coin. It takes its value from the same source as the US dollar. They are both Fiat currency, but bitcoin is worth many times more

>>137515373
Using the labor theory of value? So not only is it worthless but it's communist? Fuck off

>>137517378
>and anyone can create a new "cryptocurrency", making it completely worthless.

inferior ones, which is why they are worthless

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>>137516902
gold is a commodity. its tangible. it has uses other than currency. crypto is nothing more than ethereal ones and zeros.

I just want it go down a little.

Stop making these shill threads and make threads on reddit or some "news" blog about it being the currency of nazis

Fuck. I lost this round.

>>137510304
How do you even get money for them? Didn't like half the sites that hosted this shit rip off the users?

Cryptocurrencies create an instantaneous, temporary banking system to conduct a prearranged transaction, and leave behind a permanent record of its existence. Turns out the banking industry was the easiest one to automate!

>>137510304
https://www.youtube.com/watch?v=Sd5ZLJWQmss

Noice.

>tfw too stupid to daytrade

>>137517229
Holy fuck I hate that kind of voice. That soft, nasally, beta male voice. I can't watch this.

>>137516359
>$600+ Trillion in assets<
Citation : )
Also, US private property does not back the US Dollar.

>>137510304
>The feels that you lost a flash drive with a bit coin wallet with thousands of coins
Fucking fuck this world

>>137510580
There is an asking price. But the real price is what someone will pay for it. A million dollar painting isn't worth a million of no one will pay for it.

>>137517485
It's only worth that much because a small group that hoards them all want that much for them. Bitcoin literally created their own version of Jews. It's useless as a currency because everyone just wants to keep it thinking it'll be worth more tomorrow.

>>137517567
exactly, bitcoin is better than gold as a currency

>>137517704
NEVER Daytrade
unless you have good bots.
Analyse, make goals, buy, follow plan, sell, don't look back in anger

>>137517642
Monero's tumble between every transaction, making it untraceable. With the governments trying their hardest to remove cash (max 3000eur payments in cash possible), we need a counter move before they can and will track all the money in the world. We NEED the possibility of a semi-regulated currency without (((them))) putting us all in debt. Can't you see the possibilites?

>>137510304
It's a currency based on scarcity, speculation, and it is incredibly tightly controlled in that very few transactions can occur at the same time Anyone with the slightest bit of economic knowledge sees it for the bubble it is It fails as a store of value and as a medium of exchange. It's essentially a semi-liquid asset that is labelled as a currency

>>137517835
literally anyone could have bought bitcoin in the last 7 years, anyone can mine bitcoin, anyone can create their own version of a blockchain
it's the ultimate anti-jew

>>137517544
When Bitcoin gets closer to the cap, everyone will leave to mine a new fresh cryptocurrency.

Repeat to infinity and you see the problem. Buy Gold and Silver.

>>137514518
>Bitcoin is literally worthless and cannot buy anything of value in the real world.

Except food, electronics(newegg accepts it), and of course, DRUGS.
But please tell me more about how cocaine has no value.

>>137517802
which is why you should invest in NEO, which will digitize the physical asset and increase its liquidity to match digital currencies

Man, these guys are SO DESPERATE to sell you on the idea of Bitcoins.

They just... really want you anons to be rich and happy. Don't you see?

>>137518058
>what are Tx fees

>>137517994
monero uses a lot of data, has a flexible blocksize and doesn't support light wallets
they need to figure that out or the size of the blockchain will become unsustainable

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>>137516679
you're right about the advice, but i doubt anybody who knows anything about crypto thinks that its a ponzi scheme...

>>137510304

Monero is better.
Everyone can see how much money you have with Bitcoin, it's broken, with Monero, it's a real currency, you can never know how much I have unless I tell you.

I bought a fucking pizza for 25 BTC years ago. Somebody get me a time machine so I can kill myself

>>137515373
this is a common misconception people who don't understand how bitcoin mining works just think the coins come out of thin air but in fact it requires a massive amount of electricity to produce just 1 coin so no they are worth the energy used to create them in fact, again this is not some random E thing, it's a real actual stable currency backed by energy<
You've convinced me!

>>137517835
>>>137517485 (You)
>It's only worth that much because a small group that hoards them all want that much for them.

You mean like Gold, diamonds or US dollars?

>Bitcoin literally created their own version of Jews. It's useless as a currency because everyone just wants to keep it thinking it'll be worth more tomorrow.

It works great as a currency, everyone wants it.

>>137518368
no you didnt

>>137518007
literally anyone could have bought diamonds in the last 7 years, anyone can mine diamonds, anyone can create their own version of a mine.
it's the ultimate anti-jew

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>>137516928
>worthless
>can convert it to USD in less than a day
what

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>>137513089
You have a car house? omg im so jelly

>>137518187
don't buy any please
you're too much of a fag

“If you don’t believe me, or don’t get it, then I haven’t the time to try convincing you.”
-satoshi

1HVra1Hn8jXoaACQr44hdNeCA72GZxqaf5 I'll take any donations if there are any whales out here tonight.

I bought some yesterday and sold today.
I made 3000$ doing nothing

>>137517485

Go to your local grocery store and say I would like to pay in bit coins please.

Watch as they laugh you on out of the store.

But go ahead and buy into something that a few people hoard to make it seem like it has more value then it does. See diamonds for example. Enjoy your bubble burst when you got nothing.

Real men store there money in a fire proof vault in their home. No jews can touch it there.

>>137518402
Not sure where your response to my post was supposed to be in there. All I see is butthurt and trying to imply I said something that isn't even remotely close to what I said in order to be misinterpreted. Keep shilling from your mommy's basement Shariablue

>>137518417
I did. Didn't even come with breadsticks

>>137518334
agreed, when they get i2p integrated it will truly be by far the best privacy crypto (it actually is already)

it's funny because most normies investing into bitcoin think it functions like monero, when bitcoin is even less anonymous than cash

inb4 dumdums spend their retirement on the hype and then freak and sell with a massive loss when it drops only for it to go back up later. again.

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>>137518680
have fun working all day to pay rent

>>137518402
>You mean like Gold, diamonds or US dollars?

That's my point. It became the monster it claims it didn't want to be. Many people have become broke trying to invest in crypto and already have their been scams and thefts. You can call them retards or whatever but it's exactly the same as any other currency.

>It's great as a currency because everyone wants it
They want it but not as a currency. They all think they'll become millionaires with it and won't use it.

>>137518334
Wouldn't you just split it over multiple addresses? And how do you know which wallets are mine?

>>137518513
Oh shit, dude. Your reverse psychology worked. Buying fucking 40 Bitcoins rn.

>>137518263
It's not meant to be a ponzi scheme, but it's being used like one. Sort of like housing. Obviously, houses weren't build to be used in the market like pyramid schemes, but that's how buyers and sellers use it anyway.

>>137518680
you know what's literally 10000000000000000000000x safer than a fireproof vault?

aes256 cryptography, which is how I store my bitcoin private keys

>>137518680
The trick is to sell right before it burst.

>>137518461
Stocks, bonds, and other forms of capital can be converted to liquid funds incredibly quickly too. Thing is, all of these things rely on the capital holding value. Bitcoin is a form of capital posing as a currency. It has no store of value and fails as a medium of exchange.

>>137518910
>And how do you know which wallets are mine?

Blockchain heuristics

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On its way to 5000 by the years end.

>>137518884
Well played. I missed the boat and don't have any extras to invest. I'm doomed to wage slavery

>>137519137
>It has no store of value and fails as a medium of exchange.

t. never used bitcoin

>>137518932
I've spent 100s of hours reading about this shit over the past 4 years
I don't give a fuck what you think
I'm financially secure while you're getting jewed

Nice. Just shorted .1

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This has nothing to do with politics.

>>137519304
Is that supposed to be your comeback, shill? "Well if you haven't used it you don't know!"

So commjnism works? Fuck off with your Shariablue cuck shilljng for an investment posing as a currency

>>137519331
You've spent 4 years... and you haven't recognized bitcoin is a ponzi scheme? Or at least being used like one by the buyers and sellers.

Look, people get rich from ponzi shemes. If you've made bank, good for you, but I'm just giving a bit of a warning for others out there. A ponzi scheme eventually needs losers, and that's not nice.

>>137519611
wow

try harder edgelord

>>137519595
Who holds the wealth has everything to do with politics.

>>137511948
>Vega 64

It's actually pretty shit at mining.

>>137519699
KYS commie scum

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>>137513993
Can you imagine?

>>137514300
>If it's debt's came due, it can tax people, seize land, or sell of assets.

It can't because its land and its people are owned by corporates.

it's being used to launder/exchange "illegal" money. within the next 2 years you will see big news about digital currencies like this being cracked down on, similar to how the dark web has been attacked over the past few years.

>>137510304
mines 3402ish between 2009 and 2010. Had keys saved on Hotmail. Figured it would be there forever.

Microsoft purged all ancient emails.

might still have wallet on fuckin hard drive disk sitting in a box.

22 char password i only remember the first 7...

out of sight out of mind?

>>137510580

this is 100% true but /biz/ cucks will shill and say otherwise.

China is pumping it up

>>137510304
Yay, forget collecting points or getting 2% cash back on my credit cards, I'm going to pay for everything with bitcoin so 1) I have to pay a transaction fee on every purchase and 2) I don't have any recourse if I get ripped off (ie chargeback).
Obviously, I can't wait to buy/sell major items using a medium of exchange that can fluctuate 10% a day (soon to be alot more).

It is a sign of the times. This generation has seen the central banks of the world printing literally trillions of dollars out of thin air, so why can't people do the same thing by buying one of the thousand or so crypto's available. Just poof, and now you have billions of "market cap" out of thin air.

t. already short from $4150.

>>137519728
You aren't discussing that at all. Neck yourself.

>>137518402

>like gold

>you can create more gold from running a computer

stop being retarded

>>137519689
under what scenario do you imagine a significant amount of people stopping using it? And not the opposite, over time more and more people being interested? Or you are suggesting, as the price raises, less and less people will be interested in entering?

>>137519954
Because they all bought into it and need to sell it to someone.

>>137519954
Well, it is a valid investment. The shills here are retarded but it is a sound investment if you want to play with mid to high risk investments. As a currency it's shit but if they wished to change it into a form of capital the shills would have legit arguments

>>137519944
>saving your private keys in a webmail server
>thinking that M$ ever actually deletes user data

some dude at M$ is chilling on his own island right now, thanking you

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Tfw you're a retarded moralfag wagecuck who can't into crypto
JUST

>>137519230
When I see such short time graphs I know it is wave 5 time. Sell before it is too late

Buy Decred. We need /pol/acks controlling the votes.

>>137519689
it's not a ponzi but I'm done I don't have time to keep responding to retards

>>137520290
>As a currency it's shit but if they wished to change it into a form of capital

>statements that make no sense

>>137520091
>But what of the fabled transmutation of lead to gold? It is indeed possible—all you need is a particle accelerator, a vast supply of energy and an extremely low expectation of how much gold you will end up with.

https://www.scientificamerican.com/article/fact-or-fiction-lead-can-be-turned-into-gold/

https://www.google.com/amp/s/99bitcoins.com/bitcoinobituaries/amp/

>>137520274
>someone actually believes this
Lol

>>137519147
Wow. Looks like the IRS will love bitcoin

>>137516494
theres a chink in NZ that buys and sells up to $40k at any one time i believe

>>137518680
Why the fuck would I need to go anywhere when I can buy shit online?
Why wouldn't i suffer the 5% cut to get my coins in USD?

>>137520574
this is ironically why bitcoin will ultimately be supported by world governments

>>137517567
just like fiat

except you cant print bitcoin

>>137520273
At some point, it will crash. It will cost a lot and there will be no buyers. People will sit on it and shill and shill and shill, but no takers until they lower the price, and it will go into free fall because no one wants to buy into something that's going down anyway.

Bitcoin depends on its perception of value, but eventually it's price will outgrow its potential buyers.

>>137520574
Yeah. Thats kinda the point, lad. Blockchain technology is the future of currency for that reason alone, if anything.

>>137519944
That makes my stomach churn. I'm so sorry for your loss

>>137520449
It's being used like one is my point.

>>137510304
i fucked around with btc in highschool when it was trading between 6-32 dollars.

abandoned it.

every time i hear about btc i get triggered because i know one of my friends stuck with it and is now a millionaire.

how do i deal with this intense feeling of missing out?

>>137520360
The feels are reals

>>137520955
Same here. Can we crash bitcoin and have our own currency so we can become the millionaire class?

>>137520949
>What is the stock market

Whoa, I hate economy now.

>>137519944
dont sweat it senpai just get in now. bitcoin is going to 100k. save this post.

>>137520955
Oh c'mon that's too fucking easy, you know how you faggot.

New
>>137519301

>>137521134
Yeah OK

>>137520555
Bitcoin needs to get shilled to sell.

>>137521275
No, actually it doesn't. Thus functioning exchanges for the past 10 (?) years or so now.

>>137521119
Lol. Bitcoin owners are looking for the next saps that take the currency. Sorry if I'm just warning people. Bitcoin needs losers eventually. It would suck to have to be you.

>>137521470
>Bitcoin needs losers eventually.

you could say this about literally any stock

Where can I margin trade BTC now that bitfinex has cucked US customers?

>>137521470
Okay, don't take risks and be a wage slave for the rest of your life.

>>137521590
So why are you angry about me saying it? People should know in advance what they're risking. Selling it as a miracle millionaire maker is a bit jewy.

ya know...the first step i would take if i could get into my wallet....would be to fucking sell that shit after talking to a lawyer and figuring out the taxes.

>>137521778
lol I've already said repeatedly that people make a lot of money off ponzi schemes and that's why they're so prevalent. I'm just warning people that there are losers involved in the scenario too. Don't go into this thinking everyone comes out richer. Just be aware of the realities. Why does this bother you so much?

>>137521804
i'm not angry, but your "advice" doesn't make any sense. You are basically just on here arguing against any type of investment because there is the possibility of losing money.

Social security is literally a ponzi scheme.

>>137521470
>Bitcoin owners are looking for the next saps that take the currency

Ackshually, they are holding or selling and re-buying constantly (because it keeps going up despite having "died" 144 times already according to people like you) exchanges and making constant money, so no.

LoL at my ID.

>>137522061
I didn't advise against any type of investment. But the Bitcoin shills sell this like it's some miracle that's going to make everyone that buys into it a millionaire. That's not going to be the eventual reality. Might as well just be honest about. The losers will lose big.

>>137515879
All money is fake you fucking garbage collector

>>137522037
Again
>what is the stock market

You seem to be very uninformed about finances in general. Best of luck with whatever it is you do, sounds like youll need it

>>137521184
Mcafee said he'd "eat his dick" if it doesn't hit $500,000 by a certain point.

>>137522461
You guys sell Bitcoin as if everyone that buys into it gets richer. I'm telling everyone the reality, that it's just not the case.

Sorry if I'm ruining your little operation here.

>>137522389
if you held one bitcoin today or the equivalent in usd, that 1 bitcoin will be worth more in 10 years than the usd, end of story. one is inflationary and the other is deflationary. So you could take your advice and apply it to literally anything, even just holding onto cash in your mattress

>>137512905
>Doesn't know that I've already made back my original investment several times over by selling some during some of the big humps and everything I get now is just gravy

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>>137510580

>>137510304
I wonder how much tulips cost in bitcoins?

>>137522597
bitcoin is at its ATH

literally everyone who bought and held has made money at this point

>>137522597
since its inception it has only ever gone up. gone up 400 bucks the past few days. If people entered at any time since its creation and held on to now, they would have increased their money.

It could either continue to go up from here, for an amount of time, or right now could be the highest point it ever reaches. it could go up and down, though its ups always being greater then its downs (net continue to raise over time) or not

>>137522789
do you know of anyone that would rather hold tulip bulbs long-term over holding bitcoin long-term? not even one person?

>>137522597
>You guys sell Bitcoin as if everyone that buys into it gets richer

Not sure where you get that idea. Most traders are just bragging about being knowledgeable and having made huge gains from it.
I dont know why this makes people like you so mad, but your type have been whining for about 7 years now through constant gains and dont ever research the technology behind it. Ever since the FinCen hearing almost 5 years ago Bitcoin is considered a Store of Wealth by the US government. Again, good luck with your finances and sorry you missed out.

>>137522885
>>137522837
>>137522637

I've already said a few times that you can make money with ponzi schemes. That's not the point.

If you guys can maintain the perception of Bitcoin's value and find buyers, then yeah it will keep going up... until...

>>137510304
Ban these kinds of threads.

>>137522037
Well people did come out richer... everyone who held and didn't panic made money.

>>137523142
>If you guys can maintain the perception of Bitcoin's value and find buyers, then yeah it will keep going up... until...

Again, the literally anything argument. You could say this about gold. You could say it about Apple stock. You could say it about U.S. bonds.

All you are arguing against is investing in general.

>>137523040
I'm just calling it what it is, anon. You guys are the ones that seem to be getting angry at me calling it a ponzi scheme.

>>137523351
I'm giving Bitcoin a very general categorical name, "ponzi scheme."

Obviously it refers to other things as well, lol, why u mad tho?

>>137519304

by week's end, at this rate.

>>137522885
It models as a classic Ponzi scheme, it's actually pretty mathematical. As participants increase, there will continue to be upward price pressure and the balloon will continue to inflate.

Like any Ponzi scheme, you make money when it goes up, so a lot of the shills in this thread will do just fine, maybe even keep their profits, more accurately "winnings," provided they exit at the correct point.

When does that happen? Who knows? But it will happen at some point.

Any commodity, and bitcoin is way more of a commodity than a currency, is valued at what someone will pay. If more people want to get in the game, expect it to keep rising.

>>137523369
See
>>137523351

>>137523351
well one is basically forex the other is equity... we know how most forex traders end up.

>>137520376
This is the III wave up on the longer time frame. Still not close to the V. Though the IV correction should see it down to 3800 but it'll have time for the V wave to make 5000 by years end.

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>>137510304
mark my words /g/, bitcoin will hit $10,000 by year end

>>137523011

I guess you don't get the reference.

>>137523509
Labeling it under a general category implies I understand it relates to other such similar ponzi schemes.

Alright, I've had enough fun making you bitcoin owners shit your pants at someone messing with the illusion.

You guys can shill away, rofl.

>>137510304
crashing this fiat currency

with no survivors

>>137523497
>a whole reddit post to explain supply and demand

>>137523749
hurr durr


You faggots shitting on bitcoin have the worst case of dunning-kruger of anyone on this autistic board

>>137523351
Stock is backed by the earnings / free cash flow of the issuing entity. Bitcoin isn't a claim on any asset or cash flow. It's a medium of exchange, so the only reason it could be growing like it is is a deflationary economy.

>>137523351
>>137523040

what will happen to the value of 1 bitcoin when all 21 mil are mined?
Then less and less they will be sold and traded 1 bitcoin at a time, but smaller fractions?

Imagine if everyone in america used bitcoin, 300,000,000. Or lets imagine everyone in the world used bitcoin. How would that effect its value, theoretically? lets say if 5 billion people only bought and sold and traded using bitcoin? Can you rough estimate how much each bitcoin would be worth then? Or it would be extra hard because that scenario presupposes no more paper fiat government currency anymore, so you cant put the value on it in terms of any dollars?

>>137523497
This.

The shills just don't like it when people become informed.

"It's just gonna keep going up and up and up there's no end in sights, anons!"

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>>137523666

>>137523749
>do you know of anyone that would rather hold tulip bulbs long-term over holding bitcoin long-term? not even one person?


personally i have traded a 400 acre estate for some tulips.

>>137512856
Wow you're a faggot

>>137523982
>what will happen to the value of 1 bitcoin when all 21 mil are mined?

the circulation has no bearing on the price other than from a general inflation standpoint

>Then less and less they will be sold and traded 1 bitcoin at a time, but smaller fractions?

Yes up to 8 decimal places. This is how all bitcoin transactions are handled currently.

>lets say if 5 billion people only bought and sold and traded using bitcoin? Can you rough estimate how much each bitcoin would be worth then?

the value isn't correlated to the rate of use, but if bitcoin is the global currency then you would expect it to replace all of the fiat value + whatever efficiency or other intangibles it provides to the economic market

>>137515996
>implying kikes wouldnt push for nuclear holocaust at that point

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>>137524010
>The shills just don't like it when people become informed

You are literally retarded.

>>137523749
Yeah, Tulip bulb crisis. Thats been referenced in one of the 144 articles about "Bitcoin dying" or "The bubble has popped1!1!" from over 7 years ago.

>>137523974
>Stock is backed by the earnings / free cash flow of the issuing entity.

there is 0 guarantee that those earnings will keep happening

>Bitcoin isn't a claim on any asset or cash flow. It's a medium of exchange, so the only reason it could be growing like it is is a deflationary economy.

it's also a store of value with properties that make it better than gold for this purpose (and in other ways, less so)

>>137519944
>Microsoft purged all ancient emails.

I still have emails from 2003

>>137523940

Unfortunately, it's always difficult to explain economics to retards. Trading commodities requires a little more than supply and demand, but whatever.

I've met a lot of smug cunts like yourself over the years. I remember 2014 in bitcoin. Enjoy the ride.

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>>137510580
lol yeah like them petroleum backed dollars is sweet and sound. fucking newfag gtfo

>>137523497
I've been in bitcoin since 2011, have made okay money and work full time in crypto.

Bitcoin and cryptocurrency is definitely the future of money online.

At the same time the typical MLM/HYIP/Referral schemers have definitely been flooding into crypto thinking its a get rich quick scheme.

>>137524483
>You are literally retarded.
Keep in mind, I haven't said anything wrong, yet.

My argument: It's a ponzi scheme.

Your argument: It's just like any other ponzi scheme!

Me: Yeah.. that's what I'm saying, lol.

>>137524930
Great, and I've been in since 2012. I've been through it all. I've seen you idiots come and go, time and again. BUT MUH TULIPS. MUH PONZI. Same shit, every single time following a breakout.

>>137525244
Until the Jews make it illegal.

>>137525244
How do you plan on paying the tax jews once you get out?

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Hahahahaha get fucked dumb polfags. Can't believe I share a website with some of you RETARDED NOBANCS

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Just bought $10 worth of btc to just test the waters and to understand the purchasing/sending/wallet process. I just sent some from my electrum to bittrex, how long does it take to end up at bittrex? Also what's up with the electrum sending fees? I picked the default fee in the middle of the slider, what does that mean?

>>137510304
what goes up must come down ;)

>>137525443
believing that this is even technically possible is case-in-point why you are a moron

>>137525244
>Referral schemers have definitely been flooding into crypto thinking its a get rich quick scheme

True. Ive noticed people exploiting this on Facebook. I think this is where people like
>>137525373
Gather their entire opinions about it. They just now discover it through these Facebook schemes so it thats all they think it is. Sad!

>>137525583
>Not believing in the Jews pursuit to make the entire world run on 1 currency.

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KYS NOBANC KEK FAGGOTS

>>137510304
SELL SELL SELL

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NOBANC KEK PLEB FAGGOTS

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>>137525508

>>137525630
Man, you'd shilled so hard right there it made me feel sick. Ughhhh.

>>137525806
>shill shill shill shill
>Jews Jews Jews

Very cogent. Much credible

You guys should buy your bitcoin from YoBit

>>137525700
who fucking cares. I own bitcoin. I even own monero and BCC as a hedge in case blockstream corrupts bitcoin. Jews can do whatever they want, they aren't getting my private keys. That's the whole point.

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>he STILL browses pol instead of biz
KEK!!!!

>>137525984
What if they take our internet, boyo?

>>137526152
>what is encryption

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>i-it h-has n-no real value!!!!! it's just bots and bytes!!!
>I swear im not mad I missed the boat!!!

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Tfw you power up an old laptop and discover 100 btc

>>137510580
yeah except all the people who are literally millionares off of it

I bought in at 600 and sold at 300 because I'm a stupid retard. But I made it back recently with Eth. This looks a lot like the rally to 1200. Any guesses on the high?

>>137516432
You are wrong. Stocks produce a yield which are linked to profits, because those companies actually make things. Bitcoin is nothing, based on the greater fool that buys it from you. Most people who I see mess with Bitcoin don't understand basic concepts of value.

>>137525494
I dont really cash out any coins. Maybe during peaks I use some bitcoin to buy gift cards. I'm not a millionaire or anything.

I get paid via advertisers and commissions for just facilitating transactions with crypto so I get paid in fiat and file taxes, schedule c on income. So I believe in cryptocurrency as a form of online currency.

>>137525630
Yeah, a lot of the facebook/youtube people were people pushing like all the random referral scams and now have latched onto random altcoins.

>>137526290
Idk mayne. Jews are pretty smart. They'll destroy nations for having their own currencies, they'll probably find a way to destroy bitcoin.

>>137516484
How you pay your taxes? With Bitcoin....nah bro

>>137524368
>the value isn't correlated to the rate of use, but if bitcoin is the global currency then you would expect it to replace all of the fiat value + whatever efficiency or other intangibles it provides to the economic market

But there would be no estimate to put a value on it? You would have to say 1 bit coin is worth like 50,000 eggs. or x amount of gold, etc.?

At that point it would just be a fiat (as it is)(the fiat) of which however there can not be any more of.

And the reason something like that could never happen, is because everyone who has many, would just hoard them, and make it difficult for the masses to enter? everyone trading .0000001 for their daily bread. all paychecks issued in btc. It would be the same, just that more there could be no inflation

>>137526598
with $ just like anyone else...

>>137526523

What does Instagram make? Its worth 35 billion

>>137526350
Drop me 1 BTC, senpai. :3

1NZvV5br1VviqKt6yxacrysv95VvmPCtvB

Buy NEO

>>137526959

wouldn't be a proper bitcoin thread without the beggars. thanks for showing up.

>>137527063
You're welcome, dont forget to like and subscribe and retweet that like button.

>>137527172
Do you also have a patreon account i can donate to? thanks

Bitcoin is still hard as fuck to use anywhere to buy things. It's a pretty pointless coin. It's only good for holding.

>>137513268
>muh paper is worth something
>muh element 79 is worth something
>muh labor is worth something

>>137518395
Uses a bunch of energy. Oh so even more inefficient? Do you even listen to yourself.

>having to download a ledger containing every transaction made since bitcoin was created.

My internet cant handle that shit

>>137527466
It's supposed to be costly to produce, that's how it solves the byzantine generals problem


>>137527594
you don't need to do that unless you want to run a full node

>>137510580
This
(((bitcoin))) is just an autistic computer made code, litterally just a worthless bubble whose people use for money laundering, bribes etc etc

>>137517567
Gold is barely a useful metal, at least certainly not to the extent it's valued. It's only worth so much because of it's perception. Bitcoin is a process, made of 1's and 0's. The value is in the process, not the literal electrical signals. By your logic, google's search algorithm and Facebook have no valuable because they're intangible. That's stupid, the value is in the process they use which provides a service to the user.

>>137527338
Ironically enough, as cancerous as it is, I will have a meme-funding campaign soon for a project I've been working on for a few years now. I figured I might as well throw my address out there in the hopes that maybe some whale would take pity on me and save me the shame. I cashed out most of my holding some time ago and only had some alts on BTC-e up until it got FBI'd. Shouldn't have got lazy and slacked on cold storage, but hindsights always le 20/20.

>>137517485
You don't understand the US bond market. Is value is not arbitrary.

>>137513114
>Last week I earned more than $15k
pumping memecoins
measures their "wealth" in ***Worthless Fiat Dollars***

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>>137516213 #
>Kim Dotcom is developing a service

>>137517182

how is it known which node is the correct one?

>>137527711
What if someone created an EXTREMELY fast computer (quantum?) and solved a block faster than the rest of the world? Wouldn't that fuck up the blockchain?

>>137510304
Something is going down

>>137528298
All nodes check each other. This is why Bitcoin cannot be hacked as it would require a 51% attack (this would require hundreds of millions of zombies, or probably billions by now). The ledger is held by everyone, always.

>>137528398
you are just referring to a 51% attack

such a technology does not just happen out of thin air, there would be advance warning and bitcoin would fork to a non sha-256 or quantum resistant algo

>>137528777
Thanks for explaining, I wasn't aware that the Cryptographic Hash could be changed.