what has been stopping you from reaping the rewards anon? Its at $9750 right now and expected to hit $25000 within 5 years
>>752162465
What exactly can you buy with it other than drugs?
>>752163301
sell the coins for money
>>752162465
It’s crap. No government will ever accept it. Have fun buying digital shit with it.
>>752163331
Which is federally regulated and taxed.
>>752163301
Everything, retard
>>752163301
you can buy things... It's money... It's accepted by my friend Brian and Overstock.com, I think that's about it right now.
>>752163493
Why the fuck would I care if the government accepts it? They're the last people I want to give my money too.
>>752163493
japan started accepting it last month
>>752163301
newegg accepts it and amazon is probably going to start accepting it soon
>>752163571
so is everything else in this world
>>752164251
Because just like what china did, it doesn't take much to destabilize it.
>>752164388
its gone up around $2000 since then
>>752164388
That's the beauty of it though, you can't actually regulate it. You can try to regulate it, but it's anonymous and the internet doesn't care about borders. Good luck!
>>752162465
Stop. Shilling. Retard. Cryptoshite value can change on a rumor my nigger. In five years it'll be worth less than nothing. See? I just dropped your value significantly.
Earned bitcoin as a primary source of income for over a year now, travelled over 9 countries without a bank account. Welcome to the evolution of money faggots
I want to invest because I can't imagine why it would drop.
Do any of you know how to properly rig a race? You get people betting on a winning horse, and you make sure that horse continues to win. When everyone sees the patter and thinks the horse can’t lose, they will bet big or even go all in. THAT is when you have the horse lose and the house makes a fucking fortune. Your bitcoin horse is winning now....
>>752164674
they tried that, it recovered its losses within days, hours. the confidence is just reassured everytime it dips
>>752164661
I felt the same way when I saw it at 3k a few months ago and I passed.. then I saw it hit 4k then 5k, then at 6k I finally jumped on..
>>752164674
You know horse racing users perimutal wagering, right? The house gets the same amount no matter which horse wins...
In this case, why would making Bitcoin lose make anybody a fortune?
Ohhhhh, wait, I get it. You're retarded. Sorry.
>>752164674
its kind of hard to rig a horse race that has millions of horses, isnt run by a single house and is worth somewhere in the neighborhood of 160billion dollars
>>752162465
Fuck this gay thread I hope you niggers lose everything.
>>752165644
you are just mad some of us are making money off this and you are a foreverpoorfag
I was buying these things for 800 a pop just last year and probably spent close to 1.5 coins on drugs. Fuck me am i pissed at myself for spending them. Is it too late to hop bqck on the bitdick?
Spent 20 bucks on bitcoin in May for the fuck of it and forgot about it. Checked my Coinbase account and it had tripled. Free money is tight
>>752165986
probably not, its gonna see 10k in a few days and then probably waver for a few more days.. 15k by mid next year so easy money
>>752165986
Every dollar you spent on anything could have been used to buy Bitcoin. Spending bitcoin is no different than not buying it. It feels different, but it's not.
I don't think it's possible to get another free lunch from bitcoin. Man I wish I could've hopped on when it was getting started, I could be retired by now.
>>752162465
How do you start?
>>752166775
gonna go higher still
>>752167017
easiest beginner way is to go to coinbase or one of the other exchanges, I like gdax
>>752162465
>expected
By shills.
>what has been stopping you from reaping the rewards anon?
It's nothing but speculation.
Go back to /biz/
>>752167343
Thanks man, I'll check it out
right now seems like a really good time to buy its dipping
>>752167017
This is a good question.
How do you buy Bitcoin? And what's the process of selling it?
>>752162465
Literally don't have the money to start this shit,I have like, $1 - 2 on my paypal if I am lucky. Most of my money goes to bills, which is electric and interwebz, and I end up with nothing leftover since I make money by selling shit. Can't even use one of those "get daily bitcoins (Satoshi)" websites cause you can do them for months and still not get shit out of em.
There is no worthwhile argument that can be made to justify investing in cryptocurrency.
1. Communists are basically subverting the world on a societal level rn and will eradicate this crony-capitalistic hobby.
2. The value of Bitcoin is entirely superficial. It's based on promises and faith. The fact that nobody can suffer any meaningful consequences for making a bad investment via-Bitcoin (except in cases where it's traded at the value of traditionally minted currency), means that it has no meaningful gain when making a good investment. This is comes hand-in-hand with deregulation.
3. Like most other cryptocurrencies, it's prone to exaggerated inflation. The fact that it can be produced only at a cost of traditional currencies means that the likeliness it'll burst is absurdly high.
4. The standard for Bitcoin currency is entirely dependent on trade with traditional currencies.
Have fun with your niche hobby, nerds.
>>752168673
enjoy being poor
>>752168814
Nice counter-argument. Very constructive. Thanks for your creative input, anon.
>>752162465
Yeah, but who the fuck buys bitcoin for 25 000 dollars, nigger. To reap that profit you need a buyer.
Nothing is stopping me.
>>752163301
Whatever you use money for. That's the point.
Is it worth it to buy a full coin at this point? I'd feel dumb as fuck if lose thousands of dollars on this shit
>>752169175
You can buy 0.00000001 of a bitcoin man, it's called a satoshi.
>>752169175
That makes no sense.
>thinking in terms of inflationary currency as opposed to deflationary.
So many normies in this thread holy shit I need to go back to /biz/.
>>752167738
It's as simple as a few clicks for both. It's that easy.
>>752162465
Bullshit 25k
>>752169352
yeah if you can afford it.. listen I'm not telling you to put your life savings in it just yet.. there is always risk involved with this sort of thing. But the day my mortgage, groceries and other bills can be paid in cyrpto thats the day I go all in. A gas station in my area already accepts bitcoin and I have used it 5 times in the last 6 months so it is catching on.. you could stand to be ahead of the curve and make a few bucks..
>>752169175
It can be broken down, NIGGER.
What I want to see is the explanation of people who cash in their bitcoin and mysteriously deposit $100,000 into their back in the future. I assume some kind of federal agency will contact you somehow.
>>752169506
Then go to your echochamber, moron. Sorry you don't like hearing the truth that you're investing real money into momentary electrons that are being farmed for free by people with more real money than you have. It's the reality, compadre.
This is why counterfeiting is illegal.
>>752170251
How is that literally any different than our current society? We're on a fucking debt standard and can print more bills that we're told mean something when they don't. It's all bullshit. The only REAL thing you can invest in is precious metals. That's fucking it. This is a great alternative and it's fucking the banks right up the ass. Keep on with your broken system, grandpa.
>>752170872
Traditionally currencies are based on precious metals, you dipshit. Currency is trade based on these metals. Yeah, they're inflated up the ass, but when they crash, metal is still worth something.
When WWIII comes, or Bitcoin crashes, there won't be anything to replace it. Keep on with your currency that literally has no leg to stand on, other than it's trade value in traditional currency, you stupid nigger.
>>752170224
Who says I'm not making so much that I can afford to pay the taxes on my capital gains.... just like I would do on stocks ect... your making a mountain out of a mole hill
There was a kid in school who was obsessed with these and somehow managed to get over 3000 of them before anyone really knew what these even were. We all used to laugh at him for being a weird fuck.
God knows how many he has now and what he's even done with him. Smart kid though, doubt he would have sold them.
>>752171447
What can I even use gold or silver for when everything comes crashing down? That little piece of paper that says I own 20 lbs of gold can be counterfeit too. Besides if it all goes ww3 and what not then your cash, your gold everything except food and bullets become worthless so why not take a chance
>>752171768
Rich as fuck sitting on an island somewhere drunk in hand living the good life
>>752171447
How much are you not getting the point? Bitcoin IS the currency. Yes, you can exchange it for fiat if someone doesn't accept Bitcoin. But soon more and more people will accept it. It's another currency entirely. The value is that there are only 21 million of them EVER and over time a lot of those will get lost either due to idiots losing wallets or dying. It will continue to go up in value based on that alone. Imagine if there was only ever 21 million dollars ever printed and that was the legal tender of the land. Having a dollar is worth way more than it would be in the current world. That's the point. Bitcoin won't crash because it can't unless NO ONE will accept it. That's not what we're seeing at all. It's getting adoption and attention like crazy. Everyone knows the US dollar is gonna tank fucking ass and Bitcoin is going to be a safe currency for times like you're describing. It's a pure peer to peer currency with no bullshit about it. If I say something is .001 sats, then it's .001 sats. Someone pays be .001 sats, they get the goods. It's fucking simple.
>>752163301
steam too
>>752163331
the coins are money
>>752164674
you would have a point if bitcoin had no utility at all but the ability to send money to anyone in the world with no 3rd party is a big fucking deal, so no matter what the exchange rate is, I will always want more
>>752164641
Guessing you invested early?
I imagine most people jumping on board now wish they'd bought a load when they were a couple of dollars each.
Nowadays it's likely that you'll get a return on it as the price isn't likely to plummet significantly/permanently at any point soon (despite the scaremongering) but we'll never see the insane boost we've seen so far.
I bought $100 dollars worth earlier in the year and hopefully it'll turn into several hundred over the next few years, but I'm confident I'm not about to retire to a mansion due to my investment in BTC at any point .
is mining still an option or is it solely just trade and investments at this point?
>>752169940
>the day my mortgage, groceries and other bills can be paid in cyrpto thats the day I go all in
You already can you fool.
I don't see what people don't understand about this. BTC is just a currency like any other. If you've got $10k worth just withdraw some of it into dollars and you're sorted. Takes like 5 seconds using something like Coinbase.
It is a liquid asset, unlike say a house. You could have a $5m mansion, but obviously you need someone willing to pay $5m before you've actually got that money. With BTC you can cash in at any time.
It's no different that having say, Euros in cash, going to the UK, and simply converting your Euros into Pounds so you can buy shit.
>>752172894
I'm no expert, but I've read that mining generally costs more in energy usage than you get out of it.
The only viable mining operations are huge server farm type setups and even they operate at a loss a lot of the time.
>>752172894
no. You can mine shitcoins on your computer and get paid in bitcoin though. You won't make much. If you want bitcoin, you need to get it the same way you get any other money: provide goods or services for it, or exchange something else of value for it like shitty monopoly money (USD)
mining is a multimilion dollar entry fee at this point, and you need to have cheap/free electricity in order to even consider entrying the market; plus new miner designs are constantly in the works so your investment might end up being obsolete by the time you get it up and running
>>752172970
I just meant that at my local grocery store afaik they won't accept bitcoin, I never bothered to look into my mortgage company.
I own 15 btw so far
>>752173100
Yeah you've pretty much gotta be near a huge energy source and live in China to be a profitable miner. Electricity is cheap af there.
what everyone in this thread should realize is at some point, people will try to prevent people from getting Bitcoin. Whether it's the government or the banking industry, it'll be because it threatens them and their power over you.
>>752173166
You either didn't read my post or are too stupid to deserve money.
I clearly said you can just convert it into your local currency. So if you own 15 BTC, convert say one of them into USD and you've got nearly $10,000.
>>752173336
Just more of a ran to buy now, by not buying you are telling the government and bankers that you enjoy being stepped on.
>>752173632
You aren't telling me anything I don't know.... why ate you attacking me? I'm on your side
>>752168673
>stating that there is no argument and then generalizing with "so, basically..."
it's a school night go to bed
>>752173649
yep.
I don't think it's out of the realm of possibility that one satoshi could eventually equal one cent, which means if you own one bitcoin, you're a millionaire. If you bought $100 now, it'd be worth 10,530. I can't wait till I can get paid in it.
Of course, why would you trade such a useful thing for a million less useful pieces of paper? ;)
>>752164193
microsoft accepts that shit. but bad rates, i think they take like a 25% cut
>>752163493
japan did...
>>752168673
Computers and smart phones used to be for "nerds" too. Look at how this shit turned out, Nostradumbass.
>>752172894
Yup. You can earn $4 a day on a 1080ti and even more on a vega.
Can also mine on cpu too. Close to $2 a day on a overclocked ryzen. More cores the better.
>>752173100
>>752173222
Nah. I live in los Angeles where we pay about 0.25 a kilowatt hour and still make bank.
>>752173711
I'm not attacking you, I'm pointing out that you don't seem to understand the fact you CAN use BTC in the likes of your grocery store, if you spend 5 seconds converting it into USD (or whatever your local currency is).
I think one of us is simply mis-reading what the other has said.
BTC is just currency like any other. It would be largely worthless if you couldn't just convert it into traditional currency, but you can.
>>752164193
Underrated post
>>752175019
Dip shit dumb Nigger go back to my post and read. I said they don't take bitcoin directly in the form of bitcoin. Now fuck off
Hey guys have been reading this thread and I'm very interested. Can someone explain how to buy them and sell them and anything else that a new possible investor needs to know. Thanks heaps
>>752176106
>Hey guys have been reading this thread
>Can someone explain how to buy them and sell them
If you've been reading the thread, then you should know that it's already been covered.
>>752163493
>>752162465
>>752163301
>>752164366
I've made over $140 on bitcoin and litecoin in the past month.
Whats everyones thoughts on Ripple (XRP), and Bytecoin?
Pretty cheap. Hoping for growth like in Bitcoin.
>>752162465
Frankly, I have no idea how to acquire, store, and access Bitcoin. That's why.
>>752162465
The fact that it's stuck in one device scared me. How can I be sure my money won't get lost if I loose my device with the app.
>>752176722
The ez way,
Go to nicehash.com
Download it.
Go to coinbase.com and create a account/wallet. You don't need any payment info. Look in the options and Get the btc code it gives you and put that in nicehash. Run nicehash and make money. You won't get paid until you reach a certain amount. Could be a month or two if your on a ghetto gpu. After you get enough it's automatically transferred to coinbase. Then you can transfer/convert the bitcoins and send it to your bank or paypal.
It's that easy.
>>752176952
print out your private key. store it in a safety deposit box.
Installed the Bitcoin wallet for months but still hesitating to purchase bc though.
Please send my some
1BCBbyEt9V9CZCMJEZ
HScdtQb5tcSDHwTU
I just want to see if it works. Thanks
>>752167343
This part causes me heartburn. I don't know what sort of authorization I'm yielding when I connect my back account.
"Connect Your Bank Account
After you sign up, connect your bank account. You'll need to complete some verification steps before you can use the account."
>>752177690
that's a great idea based anon. Do professionals do the same to backup their fortune?
>>752177777
Winrar
Wake up the burgers
>>752177777
.rar
Also whats the best BC Android app?
>>752169229
Fact! Me too
It wont let me screen shot my account because of "Security protocol"
These naysayers are computer programs stopping us from keeping up.
I can't imagine rational humans from understanding that digital currency makes more sense than a piece of paper that is a dollar bill that has the same amount of ink on it than a 100 dollar bill...insanity
>>752177826
probably encrypted on usb drive, but I would assume they keep a backup
>>752177777
Well done faggot
>>752177623
>Download it
Download what? I dont see a "Download" Option
>>752162465
It's not real money. It will crash harder than the dot coms of the 90's. Hurry up and sell and make your money or lose it all
>>752178286
But what do they encrypt? The whole device or the app?
>>752174291
you just compared improved commodities to replacing an entire existing infrastructure that society depends on with something that disappears permanently in an EMP...
>>752177623
This makes no sense, step by step plz half of what you say i cant find
>>752179033
>step by step plz
maybe you shouldn't be trying out important things by yourself
>>752179123
then help me fagoot
>>752177623
Please tell what to downlod? I can't find these.
>>752172679
it's going to be worth $500,000 in 10 years, $2m in 15 and $5m in 20
Just sink whatever doesn't hurt to lose into it now, secure it electronically and forget about it for 20 years.
i've put in $500
>>752177541
Based history lesson
>>752180048
This is unsubstantiated horseshit.
Please anons help though.
What's the best BC Android App?
And these steps >>752177623
>>752180193
> there was a bubble on a commodity item at one point in history therefore bitcoin is also a bubble
great analysis!
>>752180474
>bitcoin is also a bubble
you said it
>>752180618
even better analysis, teach me your ways
>>752162465
Jesus it just keeps hitting new highs and i think its going to crash then it hits another new high and i think its going to crash.
This cycle keeps on going and i could have bought in for like 5k but i thought it was going to crash.
>>752181984
The market can stay irrational longer than you can stay solvent.
>>752182303
What really gets me is back when these were cheep (like $10 or something like that) i really toyed around with the idea of throwing $1,000 at it.
It would have been a drop in the bucket to me and loosing a grand would not have been that big of a deal. But i looked at this and thought it to be nothing more then a passing fad.
If i had a time machine i would not go back to stop 9/11 or stop hitler or anything like that. I would go back to when these first became a thing i throw every goddamn penny i had into it then have more wealth then most countries right now.
>>752182703
>get a time machine
>invest into apple/amazon/whatever big breakout
>throw a ton of that money into BTC and ETH
Never work another fucking day in your life, throw around the rest of your money however you want.
>>752162465
Will it drop maybe to 3k range any time soon???
>>752182947
NOTHING IS ETERNALLY STABLE.
Bitcoins are the same.
Every time I think about buying bitcoin, I think to myself "nah, this thing has peaked and should be going down now".
That was about two years ago :(
>>752183195
What gives bitcoin value?
>>752183233
me too
>be me 3yrs ago
>father dies
>inherit a few hundred k
>depressed about his death
>get into pain killers and silkroad
>strictly stick to roxi
>develop a habit of about 10 M30s a day
>not even paying attention to the am I’m spending on bitcoin
>2yrs later
>slowly going into debt
>finally say pull it together
>go cold turkey
>get clean
>now
>still poor
>realize I spent at least 15-20k when bitcoin was @ $180-$600, probably bought and used 20-35coins
MFW I could have invested but was a dumbass and used it on drugs
>
>>752183262
What gives Gold value?
>>752162465
It's good for investing into RIGHT NOW, but as far as a real currency, it's not going to get far. It takes a shit long time to transact, and governments like to control currencies.
Blockchain and has graphs will be the future of currency, but the FED and global banks will roll them out and have full control of them.
Who knows how high it will go, it could hit 100k. But it WILL crash, it's not a matter of if, it's when.
>>752183291
Many industrial applications and stupid fashions
>>752177777
HOLY SHIT
>>752162465
Ever heard of pump and pump?
This feels like a bubble rather than organic growth.
There will be a lot of sad faces when this balloon bursts.
Bitcoin being only as good as the stuff you can buy with it can have its value drop to nothing.
While you know who is the head of your goverment and local bank, who runs bitcoin exacly? Who you gonna cry to or sue if your money is stolen from your bitcoin wallet?
Remember MtGox
>>752167738
go to coinbase. set up bank account and credit card. buy any dollar amount over like $1 of BTC, ETH or LTC and there's a transaction fee of $0.99 and 1.49%.
install the coinbase app on your phone, watch it go up.
sell amounts of coin value for 1.49% directly back to your bank account as US dollars.
We get it, BC will zigzag.
Where and how to start?
>>752177623
Is this serious since nothing clear here.
>>752183555
very few losers get money "stolen" from their wallet. it's pretty damn rare.
>>752183290
You could also have bought Facebook when it was 2 guys in their dorm room coding away.
Nope you had no way of knowing what would happen to bitcoin in the future.
And you only used it as a tool to pay for drugs.
If you never bought the drugs you never needed any bitcoin. You'd just had the money you spent on buying drugs.
>>752183636
coinbase is real. here's mine. i started experimenting 25 days ago.
the activity side is confusing. i made four transactions, three through my credit card and one accidentally through the bank account. the bank account transaction took almost two weeks to get transferred but credit card was instant. it was 5, 2, and 3 for BTC, ETC and LTC respectively. now, 25 days later, the whole portfolio is up 51.5%.
>>752183666
Coin viruses get posted on 4chan every day
>>752164532
an hero pls
>>752184103
like, they don't show that every purchase has 99 cents added and they show a running total making it look like i started with more. i started with $10.00 and once it surpassed $13.96, i began to see profit. if i had started with $1000, i'd be able to easily pull out 500 bucks right now.
>>752183291
Supply/Demand for it.
Open an Economics 101 book.
Same for Bitcoin.
When it only started i.e. not much demand. Bitcoin was like 5$ for 1 BTC
Now huge demand. But why?
Could be a hoax as no one knows who is even behind this currency.
It could normalize back to 1000$ for one BTC tomorrow.
>>752177777
skeptic quints
>>752184148
what's a "coin virus"? it's just something to try. i'm showing how ten bucks is now 15.15. if i was showing you 10k and how it went to 15k in 25 days, THAT would be suspicious.
i found coinbase from a cbs article. i'm for real. i've wanted to do a screenshot on the phone, but coinbase's app doesn't allow screenshots. really. check it out.
>>752183555
>Remember MtGox
Lost the equivalent of 500k. Made most of it back, I was an early investor of ant-shares
>>752184429
What if you loose your phone or tablet? What's your backup?
>>752184904
Good for you.
You can actually use BTC to buy stuff from retail stores that accept it mostly online. I'm invested in Substratum made over 50% profit even with the BTC rally going on.
>>752162465
>Stock prices have reached what looks like a permanently high plateau.
Irving Fisher, October 1929
>>752184904
>MtGox
>500k
OUCH! That shit was fucked
>>752163301
>1999
>amazon com
>crazy high stock price mainstream didn't understand
>"What exactly can you buy from it other than books?"
>>752162465
A healthy aversion to gambling
>>752162465
problem is the longer this goes on the worse the risk is and the less reward there is. The people who bought in at ridiculously low levels are making unbelievable bank, there's probably a few of them who have a set target that they're going to bail on. There's also people just pump and dumping creating the trend. It's an institutions game at this point tbh and fuck knows what they're planning on doing
>>752184103
This is a well written ad.
Makes you say oh fuck i gotta get me some bitcoin.
Nope imma keep my money in my pocket thank you very much.
Invest in stuff you understand.
Get rich quick doesn't exist for you. Only for the fucks who think it up.
some shops accept btc
I want to invest 1k but have no idea how this works
How do I buy
How do I sell back
Also I don't want to do any research
Everything I Google is like a fucking book
Explain to me like I am a retard please
>>752177690
What is my private key and why does it need to be protected? Is my password the private key?
Bitcoin is 12000+ Canadian thanks to falling Canadian dollar
But 30% tax so no profits
cant afford it tbh
>>752185625
I thought /b/ was filled with tech savvy people who can google.
I wanted to play online poker. I live in a country where online gambling is very illegal. So I found a BTC app which looked legit. Had my BTC wallet set up in minutes. Bought some BTC and played a for few months at night.
I didnt know how to do something so I fucking googled it.
Read moron read!
>>752186024
>I thought /b/ was filled with tech savvy people who can google.
This is new/b/, not even a skiddie on here anymore.
>>752185491
>>752185625
i can understand it seems fake but it's JUST 11 bucks. look, i'm 40 and i'm not stupid but while i live in a free house and got a free car and get free college education as a computer science major, i only get $155 a week allowance. i have $34.67 in my account right now. i'm slowly saving up for a laptop my parents will put in $250 for but i want one that'll be 500 + two-year protection so that'll take a while. i want it by next semester, when i'm taking advanced java.
bite the bullet and put 10 bucks in. the rest of you have much more money than i do. you waste it on fucking video game consoles.
to the second post, it's called coinbase. i didn't trust it but it's cool. as i was making four transactions that night, drunk and stoned, my bank stopped some and i had to do this dance with verification on my phone. at least b of a is careful.
apparently, coinbase is "the most popular". if they're that popular, they don't just want access to your bank account; they make plenty. they made nearly 4 bucks to sell me 10 bucks worth of coins.
>>752186156
I said I want to invest 1k
That's $1000 not $10
I am trying to make a serious investment but every page on Google is a big paragraph
I asked nicely to explain like I am autistic
How do I into bitcoin for morons
>>752165819
i hope one day you the bubble breaks and you lose your investment. And rage. And remember the anons that told you not to be a cryptofaggot.
>>752186156
Why coinbase?
I used to have a coinbase account years ago, it only had a few cents in it but I lost the phone from the two step verification years ago. How do I recover it? I want to see if I have any dollars now
>>752186577
Literally the only people who will lose their investment are rich fags
Everybody is waiting for Goldstein Oilberg to invest then sell out
>>752186830
It would be hundreds
>>752172044
Underrated dubs
Please..
1CZzx4VP7e1UxiAs55
RMbpy14V6HHME6SC
Thanks
>>752164366
Japan accepts a currency that is not backed in any way by the world banks and does not come with any protection from them? Do they also allow me to pay my parking tickets with disney bucks? If a nation takes a currency NO ONE ELSE takes then that nation just has funbucks it can't use anywhere but its own nation.
Also what the fuck is a currency where the lowest bill is 25 grand? How the fuck do you split that up? How do fucks even buy something online with it without investing 10 grand first?
Installed the Bitcoin wallet for months but still hesitating to purchase bc though.
Please send my some
1BCBbyEt9V9CZCMJEZ
HScdtQb5tcSDHwTU
I just want to see if it works. Thanks
>>752186921
>>752172044
I'm investing in food and bullet stocks
Fuck bitcoin
Crypto cucks get fucked
>>752186920
What was the value of bitcoin in 2013?
Solar Flare? ALL BITCOINS LOST.
Solar EMP? ALL BITCOINS LOST.
Liklihood? NASA says 12.5 percent.
Hacked at the Exchange? ALL BITCOINS LOST.
Robbed of Bitcoins on the street? HAPPENS EVERY DAY according to the Washington Post and NYT (they hold a gun or knife to your head and force you to withdraw it in cash or transfer it).
Is Bitcoin a BUBBLE? JP Morgan says YES.
What makes Bitcoin valuable if it is not backed by precious metal? It's entirely speculation by others that it's worth anything.
Currently, fees for Bitcoin transactions are so high that it's not even worth using it to purchase a meal or a small item with it. And with less people circulating Bitcoin and most people sitting on it, less people are mining it.
What happens if your phone, BTC wallet or computer is lost or stolen? ALL BITCOIN ARE LOST.
Who do you complain to when your Bitcoins are stolen online (eg MtGOX Heist)? Nobody. BITCOIN HAS NOBODY TO REPORT ISSUES with. Hence, ALL BITCOIN ARE LOST.
>>752187190
200- 300 usd
Coinbase doesn't let me sell as a Canadian, what are some other sites like Coinbase I can use?
>>752186721
i googled "safest way to buy bitcoin" and a cbs article came up. i scanned it and saw that they were confident to guide the average idiot to it. i was drunk and stoned and went for it.
the thing about how bank of america stopped it was because i was spasticly buying small amounts, as well as the two 1.06, 1.03 they took out and then a single 1.00 they took and immediately gave back to me; just like how it happens when you create a paypal account to test it out. i had to say "yeah, go ahead" and then it came in.
it's a 99 cent fee per transaction and you have to buy at least one US dollar of a coin.
i think of BTC, ETH and LTC as precious metals, with BTC being gold, ETH being silver and LTC being copper. "copper" is going crazy though... and that makes me smile because i'm in arizona and it's our main export. that's how my wasted mind works.
I just uninatalled my mobile phone bitcoin app
I've had it installed since bitcoin was 8000 and I still have no idea how to buy or sell
Guess I'll just be forever watching
You'll recieve $10 bitcoin free when you buy $100 of bitcoin!
https://www.coinbase.com/join/59c5ac8ff0fca4014074d0de
>>752187123
If you time your sell just right. You will make it anon
Godspeed
>>752187280
How do the robbers even know you have btc?
Most of this is true tho
https://www.marketwatch.com/story/why-beanie-babies-make-for-a-better-investment-than-bitcoin-2017-09-05
https://cointelegraph.com/news/bitcoin-bear-david-merkel-strikes-again-says-beanie-babies-are-better-investment
YOU know what? They're right.
>>752187280
But what is precious metal backed by? The belief in it's worth? I'm sure the average joe doesn't have many uses when it comes to industrial purposes.
>>752187305
>Canadian
Do you even know your tax rates?
You literally cannot profit
First you get charged 30% on investment then 30% more on sales
I hope you have the patience to wait for bitcoin to raise 60% in profits from $1200 (current Canadian value)
>>752187281
My $0.20 -$0.30 usd would be like $9.00 -$10.00 usd now. All locked away from me forever.
>>752187280
>Solar Flare? ALL BITCOINS LOST.
>Solar EMP? ALL BITCOINS LOST.
>Liklihood? NASA says 12.5 percent.
This solar flare or emp would have to take out every single node in the bitcoin network to cause all bitcoins to be lost.
You would have to pretty much turn off the internet entirely.
>>752163493
>>752163301
there are a bunch of lambo dealerships that take bitcoin.. just google it you retards
>>752187805
At least now I have an excuse as to why I don't invest in bitcoin..
Oh well, I should've guessed that I'll never get my "quick" riches.
“New asset classes that have never been through a ‘failure cycle’ tend to produce the greatest amounts of panic when they finally fail. And, all asset classes eventually go through failure,” he wrote. “Ultimately, most of the cryptocurrencies will go out at zero. Don’t say I didn’t warn you.”
AWESOME PREDICTION.
>>752187907
I want to do this just to see btc cucks btfo
We need ww3
>>752187639
Gold and silver have kept their value throughout human history. And are the go to investment when shit hits the fan.
>>752188054
You wouldnt see that though.
All you would see is people crying about losing all their facebook pictures, and people struggling with their lives without google.
Sadly, I'm too late to even figure out bitcoin basics, and I wouldn't be surprised if most of it isn't mined out already. Would have been nice though, I could have bought a dishwasher for my parents.
>>752188180
>oh no without Google how will i search for period blood cooking recipes
Seriously why do old people expect society to fall without the internet like information learned is so easily forgotten
almost no one is buying. ONE bank is offering about 60% value and it will put it into a money market account. you're taxed on that 60% too as capital gains (15% if you hold onto your investment for a year... though i'm not sure how that works with bitcoin. could be up to 28%.
7k value, 4200 from bank... after taxes 3570 (or 3024). you're almost down to half or well under half the value of a bitcoin if you try and sell it for actual cash.
best to just hold onto it for now until selling it becomes viable.
>>752188290
If you had put your life savings in before it even cost $0.01, you could build a house out of all the dishwashers you could buy.
>>752187639
if you want to get philosophical about it, the value of precious metal is as relative as the value of anything else, but the point is, if you use a currency backed by gold, the value is determined by the amount of gold it can be traded for. Precious metals are a standard medium of exchange that has been in use for thousands of years in nearly every culture on earth. Pretty much as long as there are humans on earth gold will probably be worth something. By contrast, bitcoin is not backed by anything other than the arbitrary worth assigned to it by speculation. Furthermore it basically exists only as computer data; if the data is lost the "coin" is lost. There is nothing you can do to get it back.
If you want to play around with it to make money in the short term feel free to experiment, but you're beyond retarded if you use it as actual currency or keep it as a long-term investment. Personally I kind of wish I'd bought some when I first heard about it 10 years or so ago. If I remember 1 bitcoin was only worth a few pennies. At the time though I just thought it was some kind of token system for buying drugs online without getting caught, I had no idea it was supposed to be a real currency. Like any number of investments it would have been great to get in early when no one else knew about it, but my personal feeling is there's very little money to be made on it by buying now, or even worse, spending money on a rig and attempting to "mine" them.
>>752187907
>This solar flare or emp would have to take out every single node in the bitcoin network to cause all bitcoins to be lost.
>You would have to pretty much turn off the internet entirely.
it almost happened in 2012 and again in 2014. They say we'd STILL be picking up the pieces if either flare had hit us.
An MCE (Mass Coronal Ejection) is a VERY likely scenario.
>>752188290
the investment to mine is garbage now. the chain lengths are too long and you'll have to shove thousands upon thousands of dollars in hardware and electricity to get anything and you won't break even. At this point unless you're an early adopter or for some insane reason think it's going to grow in price... you're better off trying a newer currency and hoping it takes off.
>>752188660
Yeah, but I don't have enough dishes to warrant that.
>>752186957
>Also what the fuck is a currency where the lowest bill is 25 grand? How the fuck do you split that up? How do fucks even buy something online with it without investing 10 grand first?
Fractions of a bitcoin are called Satoshis. Its really not that difficult to understand.
>>752162465
Cool pump. 6% per day though? We've been running 8-10% on weed stocks running up to legalization next year. Why would I want to put my money in a shittier investment?
>>752168673
>3. Like most other cryptocurrencies, it's prone to exaggerated inflation. The fact that it can be produced only at a cost of traditional currencies means that the likeliness it'll burst is absurdly high.
Look everyone, a retard.
>>752188688
Close to the 88888
>>752188888
Just to see who got the get
>>752188688
There's this thing called a Faraday cage
https://en.m.wikipedia.org/wiki/Faraday_cage
When Bitcoin Trading is blocked and you know the market is going to crash... and yet it takes between 10 minutes and 10 hours to transfer your Bitcoins and cash them in before they're worth 0.00000001btc ....
Imagine the shit like e-hentai if bitcoins weren't a scam.
Pony fucker tenboro would be worth billions of dollars.
>>752170251
>What is real money
Enjoy your worthless paper while you still can
>>752168673
>2. The value of Bitcoin is entirely superficial. It's based on promises and faith.
So is any other Fiat money.
>>752189290
>There's this thing called a Faraday cage
A Faraday cage doesn't work against EMPs. You'll need to store your Bitcoins about 5km below the Earth's surface for a chance to beat it.
http://www.preparednesspro.com/many-myths-emps-and-faraday-cages
>>752167738
There are houses being bought in California for nothing but Bitcoin. It is fucking real. Like Trump, get on the train or get hit by it. The OG bankers are dying with the hippies.
ENJOY!
http://www.healthrangertalk.com/2017-08-31-bitcoin-is-worth-zero-after-an-emp-attack-or-solar-flare-video.html
>>752189301
Coinbase is still trading. Fuck off.
for all you bitcoin smartfags; can i farm with these specs? and what coin / pool and other shit you recommend? i got no job so i really need to make some money.
CPU: Ryzen 3 1200
RAM: 8,00GB
Motherboard: MSI A320M GRENADE
GPU: NVIDIA GeForce GTX 1050 2047MB
thanks in advance.
-dawn
Let me explain this.
Money value is based on supply and demand.
In the beginning, there was a limited amount of bitcoin, as demand increased bit coin increased.
The problem but coin has now is unlimited supply.
IE. You can now sell FRACTIONS of a bit coin.
Because FRACTIONS are unlimited, but coin is unlimited.
Unlimited supply means bitcoin is worth nothing.
That's why.
I but a bit coin for $9000, I break it up infinitely...yes you can say "but the fraction is a fraction of $9000".
That's true,
But in government money ie the dollar, the SUPPLY is exactly that, a supply. It's finite.
Even if you get a fraction of a penny, you can't spend it. Where with bit coin you can.
Infinite supply of imaginAry money....
Yeah let's NOT buy thAt.
>>752164530
It's not anonymous at all. Where do you niggers even get that from?
>>752189646
This isn't even close to true...
Someone has no clue how the blockchain actually works.
I invested $900 into bitcoin when they were $300 a piece back about 1 year ago. I sold those 3 bitcoin when they went to $1,200 a piece ($3,600) a couple of months later. I took that $3,600 and purchased Ethereum when it was $12 a piece, and that got me 300 Ethereum. I bought an additional 140 Ethereum between $15 and $50 a piece. I cashed out some here and there, bought a bunch of cool shit. Invested more into Ethereum at $185. Invested small amounts into Litecoin, Ripple, and Vertcoin.
I now have $175,900 in crypto currency. It's good shit.
>>752162465
>bitcoin worth almost 10k
>explosive gains for no real reason
>people fawning over it
but wait guys
where do i cash out on bitcoins?
what country is responsible for it?
when it crashes who will be paying it out?
nobody? its literally nonexistent?
wow i should really put my money in there
dont listen to retards. invest in actual companies who are responsible for cashing out your bonds and stocks if they fail
>>752189705
The profit is gone from mining unless you have 8 or 10 rigs.
>>752171447
Which major currencies are still backed by metals?
>>752189733
You have fully weaponized autism.
>>752174121
It will never reach anywhere near a mil. The transaction fees would be absurd
Bitcoin is dead. https://99bitcoins.com/bitcoinobituaries/
>>752162465
Im broke and cant afford it?
>>752176565
The tech behind ripple looks good but I highly doubt that any major players ie banks would use the public chain.
Bytecoin is pure garbage though. Only dabble in it if you want to gamble against the pnd'ers
>>752190641
you're not sure? kys
i do think a dip is coming soon, after that will be a good time to buy
>>752190693
Put 10k in a few coins in April. As of today they are at 106k. I haven't done shit. It is working well for me so far. And LTC is gonn pop huge in next few hours to days. I make over 10k already since Friday. And I had the weekend off ..lol.
I just want it to buy me a house within 3yrs. Then I am a happy dude.
>>752189705
Mine monero on the CPU and Zcash(ZEC) or Zcoin(XZC) on the GPU. I'm bullish on XZC myself, but ZEC is the higher valued and more visible coin right now.
>>752190217
False.
>>752189500
I can't believe i actually read that bullshit
>>752191475
but he does bring up an interesting point. where if we did have a solar flare that acted as an EMP bitcoin would be deleted
regardless you dont need to be a genius to see how stupid the whole idea is, but at the same people themselves are stupid and might keep stupidity afloat
>>752162465
I have a shit compuer with 108 h/s for xmr
>>752191229
I'm referring to bitcoin.
>>752191707
If bitcoin got deleted, so would the conventional banking system.
>>752190156
Congrats, OP. Hope it brings you happiness, you've made it to the absolute peak of human achievement, being richer than most alive today and in the past. Watch out not to get too cought up in all of it, remember what matters in life and what makes you truly happy, money or no money. That's coming from someone whose wealth is bordering on poverty level, like 50 bucks is a lot of money for me. If you wanna help out a bit, even a few cents worth of btc would be put to use, even if just for paying tx fees for,
Btc:
1CZzx4VP7e1UxiAs55
RMbpy14V6HHME6SC
>>752162465
I don't invest on price. Find what mechanisms affect it and use those.
>>752185216
dot com bubble, these companies can only go up...
>>752191970
its possible, but not a guarantee like bitcoin
>>752192035
>invest in AMD
amd has been stagnant these past two weeks, likely a good time to buy considering we are in Q4
as for anything else, bitcoin is synonymous with drugs so if you know anything along those lines
>>752192286
The emp would have to completely wipe every node in the network.
https://bitnodes.earn.com/nodes/live-map/
>>752178744
and you don't believe our current currencies are like this? You do not understand fractional banking, or just how reliant we are on technology right now. Paper books are not being kept.
>>752192433
if the EMP youre talking about is man made then it wouldnt have much of an effect, it would fuck over the country it hit
im thinking of a solar event. that would screw the whole world
>>752192286
Conventional banking is so tied to electronics now that this hypothetical EMP would guarantee that the global economy would crash and burn as well. Just consider how little is actually paid for in physical cash these days.
Theres a liquor store near my house that has a bitcoin atm and ive seen another somewhere else.
isnt there a card you can use that takes from your bitcoin wallet or some shit?
>>752162465
>Not understanding how the current overvaluation will inevitably lead to a steep decline in price
>>752192998
Yes there's lots of them.
I use bitpay.
>>752192627
Then we're fucked anyway.
>>752176565
its all about monero if youre looking to mine rn
>>752193038
It wouldn't be the first time, but at this point I don't see it staying down. It's entered the mainstream now.
>>752191985
>1CZzx4VP7e1UxiAs55
>RMbpy14V6HHME6SC
Check it in the next week or 2. Merry Christmas.
>>752193378
Meh. Monero is too overly complicated to ever be big. Do they even have a GUI wallet yet? What about a lite client?
>>752192815
true, but i mean the currency would at least somewhat retain its value
idk my main gripe with bitcoin is that its just not even there. at least money exists as paper, true we give that paper value but paper in itself has an inherent value over the state of some bits in some random ass data center
3PdPgex5UrWV
g53dQEqQBJMp
WQvcrt8PL3
will a generous soul please donate to a poorfag
>>752193565
What would the value be when nobody would even be able to approximate how much is in circulation? All of the records are digitized plus counterfeits would be all over the place.
>>752193545
i use minergate, low yield but i mean as long as i get a few before it goes big ill be happy
>>752193565
Afaik, most dollars aren't even printed but just exist on ledgers nowadays.
>>752193765
what would you value tinder at?
>>752192815
The whole of society is so tied to electronics that this emp would bring the world to a halt.
>>752162465
my ultimate opinion is that it is better than any other investment in the world. there is the basic 50/30/20 or whatever investment they suggest if you win the lottery--those each are supposed to go to savings, safe investments, less safe investments or some bullshit--and then you got your 401k whatever but these are in their infancy. one could go dark but if you get a piece of them now, they MUST be worth 100,000 in 10 years. just get in to them. it looks like it's worth it. people have made many billions through them.
look, just try to pretend you're brad pitt in "the big short" at the end when he tells them "you wanted to be rich. you're rich", in a bored way after the whole world fell apart. getting rich isn't like getting laid for the first time, and it's more satisfying. let it happen.
https://www.youtube.com/watch?v=RN_smIX7zww&list=RDRN_smIX7zww
>>752193834
Plentiful/10
>>752193901
and if you missed the hint, you MUST watch "the big short" and for a little more, "americons".
up 90k as of this morning since last june... time to cash out??
All pics are dub glitched
>>752193267
just found bitpay ty
>>752192433
>The emp would have to completely wipe every node in the network.
No, it would just need to kill your Bitcoin wallet. Without the wallet, the Bitcoins don't just magically appear again. A Cold Storage device sounds nice but again, like all those people who threw away hard drive discs with Bitcoin on them worth MILLIONS today, you've lost it if the original coin storage becomes corrupted, lost or destroyed, right?
>>752190911
How do you cash that?
Btc ftw
>>752162465
waiting on compo to buy the computer
Then I'm in there like swimwear
>>752194719
there are a bunch of exchanges.. as long as you're not looking to cash out enormous volume, it's pretty simple.
>>752194615
your cold storage could literally be your bip31 12 or 24 word recovery phrase written on paper... or etched in steel... or memorized... then you're good to go.
>>752182703
yep, started buying BTC at $5/coin.
i had $1,000 to invest at the time, could have easily put that all into a wallet that i wouldn't touch until it reached some of those seemingly mythical valuations. $50/BTC, $100, $1000 etc.
given current market value, i would have had at least $1.95mil in BTC, and that's with just letting it sit. if i would have been buying and selling BTC during the past five years, i could have had significantly more.
that's why i'm not investing in fucking bitcoin, OP. i should already be a BTC millionaire, fuck you and everything else
>>752194792
So it's not simple at all
You could just say so
>>752194615
>the Bitcoins don't just magically appear again.
They never dissapeared, because of decentralisation.
>>752195343
>>the Bitcoins don't just magically appear again.
>They never dissapeared, because of decentralisation.
So tell me... WHY are people unable to recover their lost Bitcoins after they throw out a Hard Drive?
>>752195285
by large volumes, i'm talking 250k+....
i cashed in 5 figure $$$ multiple times, it's as easy as making an account with an exchange and executing a bank transfer
>>752195517
because they don't have any record of their private keys, which were stored only on that hard drive.
there are a bunch of methods to backup your keys.
I live in Hawaii, it's a bitch and a half to buy bitcoins here. I'm sure more technologically inclined folk can find workarounds, but most of the trusted traders and sellers won't accept buyers who reside in Hawaii from what I heard. Although I've only tried for a few days banging my head against the wall with nothing to show for it, so hopefully I can find a solution soon.
>>752162465
of course NOBODY is trying to RAMP the price.
Are they?
>>752195742
all of the major exchanges will. you'll have no issues. look at gemini, for example.. make an account, link a bank account, fund it.. and buy btc.
