what stopped you from buying the dip this last week? this will revolutionize the future of how we look at money, economy, and governments. Its too late to stop it and the banks are scared of it.
>>752644998
this. bitcoin will return to being the fake money people buy drugs on the darknet with soon enough.
>>752644998
/thread
macro101
>>752644998
It's ok to have no balls. Other people will make profit. You stick to your wage.
>>752644998
I would agree except its been doing this every few months for years now
>>752644998
>>752645260
>>752645128
you guys STILL think its a bubble? jesus christ man. its pretty old now, you know. its been through many things that could be called bubbles, but always ends up even higher
>>752644882
i dont think so at all, i admit i was dumb for not getting rich by buying it when it was worth a banana but youre all deluded about this "future" too bad some will have to learn it the bad way
>>752644882
I'm just mad I didn't take the bitcoins as payment for tf2 items a few years ago (like 2012 or so) I was like "naw. Wtf is a bitcorn? I wasn't cash. PP only plz." Now want to kill self for not having like 100k+
>>752645439
>i dont know anything about bitcoin or the way the real financial system works but im so confident in my opinion!
The current price is caused by Manipulation via tether and is going to implode one of these days. Also market depth of bitcoin is a joke.
Good luck trying to catch the falling knife, I won't hold your bag
Bitcoin is a ticking time bomb. It's only a matter of time, and maybe we have some time left to gamble with it, but it's built on a bubble.
The only thing keeping demand up is the promise of increasing your wealth. This is a very fragile illusion to maintain, because the moment the lay public at large gets spooked and starts selling because they think it's stagnating, it becomes a self-fulfilling prophecy.
Ethereum however... that's an egg that hasn't hatched yet.
>>752644882
>Its too late to stop it and the banks are scared of it.
that's probably true but it's still just as stupid as the tulip bubble
it's not based on anything
no oversight
difficult to manage
lose your hardrive, lose your money
the list goes on and on...
>>752645612
TL;DR:
Bitcoin will only be profitable for a little bit longer, because it's in the final phase of it's lifespan.
Buy Ethereum if you want to be like the people who invested in Bitcoin in 2010.
>>752644998
still if you buy while its down in despair you could make a shitload of money if you wait a few years
>>752645718
>Buy Ethereum
same shit
different name
>>752645532
i honestly dont, never studied economy so im not even aware of every detail but to me it is very evident it doesnt serve as an everyday currency, it is very unpractical, there is nothing assuring me for sure it will ever stop being volatile, and the "anonymous" element can both be a blessing and a curse
>>752645856
So you're agreeing with that post that etherium is just starting, thus extremely profitable because its still young
How do I deposit btc into my local bank?
>>752646146
>extremely profitable because its still young
that's like saying every startup company is extremely profitable because they are young.
age don't mean shit. in fact, it makes it more risky.
>>752646163
you just pull it out from whatever exchange you happen to be using
>>752646300
>you just pull it out from whatever exchange you happen to be using
so I can login to Bank of America, or Wells Fargo, or Citi Bank and deposit btc?
how?
then do I just go to an ATM and...
>>752646419
pull it from your online wallet to your bank account then go to your bank once it clears... pretty fucking easy.
>>752644998
file this with the laffer curve
>>752646493
do all banks accept bitcoin as a currency, and automatically turn it into US dollars for us to use?
Here's what you are going to do if you ever want to stop being a wagecuck.
Beginner guide to crypto from a fellow biz-tard.
Go to coinbase and make an account and fill out the info they require. May seem intrusive, but it's the saw for them. Buy ETH or LTC.
Make an account on Binance. (feel free to use my referral #: 11126315). You don't need to do any verifications on Binance, it is completely anonymous. Deposit the ETH/LTC you bought on coinbase here. Now you have the access to buy near any crypto you would desire, anonymously and with the lowest fees. May the moons be in your favour, fags.
>>752646493
does the IRS care about how I acquired all these bitcoins when I deposit it into my bank?
>>752646561
the exchange does this.... listen I get it, you are a skeptic and playing the extra dense card. Nobody is forcing you to use it, to spend it, or really anything.
>>752646751
does the IRS rape anything and everything it possibly can?
>>752646925
well i mean the best thing about bitcoin is that its supposedly anonymous... but you have to have a bank exchange it for a "usable" currency for your bitcoins to be valuable.
if i cant buy groceries or a car or a house with my bitcoin then its not a valid currency
what the fuck am i supposed to do with all my illegally obtained bitcoin if I cant cash it in for US dollars without getting sent to federal prison? i'd have to pay taxes on it as an income and how am I supposed to prove I got it legally?
>>752646751
>does the IRS care about how I acquired all these bitcoins when I deposit it into my bank?
yes. and that's why it just went down.
The IRS is now demanding the records of every US owner so they can collect taxes from the appreciation of the 'currency'.
Alot of people are super fucked right now.
>>752646493
>pretty fucking easy
Ya, if you're high
Just checked. No US bank deals with that shit.
Nice try tho
>>752647185
>how am I supposed to prove I got it legally
by channeling it through an intermediary
>>752647185
>you have to have a bank exchange it for a "usable" currency
And how do we know these exchanges are legit?
because some guy on the internet says so?
>>752646419
Yeah there are tons of Bitcoin ATMs now: https://coinatmradar.com/
>>752647512
>by channeling it through an intermediary
so you need a fence...
I get it if you're a drug lord, terrorist, or involved in some form of illegal activity.
How do expect the average Joe to do all this shit?
>>752647185
It's not anonymous. Stop perpetuating that myth. It's pseudonymous and that difference matters.
>>752647527
Why do you visit 4chan? Critical mass of community of fellow humans, co-existing without fully trusting one another.
>>752647196
why would you pay, it's largest selling feature is anonymity
>>752647196
>Alot (sic) of people are super fucked right now
Yeah you don't make any sense. ppl are subject to capital gains tax but that's fine. There will now be fewer tax dodgers, sure, but fuck them.
>>752648015
no. see:
>>752647826
>>752648015
>why would you pay,
Im just reading the news:
https://motherboard.vice.com/en_us/article/ywnmkk/coinbase-irs-14000-bitcoin-tax
If you don't pay the IRS, they take your stuff and you go to prison
>>752644882
you crypto currency traders just can't help yourselves but to shitpost everywhere about "why are you invested in it?" or how "revolutionary" it is.
pro-tip for the beta faggots out there: traders are making a killing of the gullibility of fucking retards.
you pathetic motherfuckin SHILL.
>>752648071
>ppl are subject to capital gains tax but that's fine
Yes. And if you've been using the currency for years you are subject to back taxes plus interest.
So there will be alot of people paying for gains they assumed were outside US juristiction with money that no longer is there.
>>752644882
Because when the looming (Class War / Civil War / Great Depression / World War) happens, we can't eat bitcoins.
>>752644998
THATS EASY
RIGHT NOW?
JUST BUY IT
JUST BUY IT
DID YOU GET THE ABORTION YET?
WHAT AM I PAYING YOU FOR?
>>752646599
Kill yourself.
>>752645299
Yeah but for the recent few months, there is a bunch of "wolf of wall streets" buying up coins to make a quick buck.
Before, it was just black markets using coins at market price (who could also afford the market price.)
Now that investors have artificially inflated the currency, it will return to its approximate real black market value.
That is... unless the black market grows under a strong economy.
Which is entirely possible with the mega tax breaks in the cross-hairs.
The real fun part will be when all of the investors try cash out next year at ~20k.
i just buy shit on cryptopackage whenever i need to exit
I'm planning on laughing my fucking ass off when the value of bitcoin drops like a rock.
It's easy to believe that the value will just keep going up and up until that day nobody wants it.
It's happened before:
https://en.wikipedia.org/wiki/Tulip_mania
and it's happening now
>>752648851
Why faggot. Explain yourself?
>>752644882
The fact that it's clearly a bubble doesn't mean it's not worth riding at this time.
Anyone know of a product that shorts bitcoin? If there isn't one already there will be.
>ITT people don't know what I'm saying
>>752644882
i still dont know how to buy bitcoin
>>752649830
>Why faggot. Explain yourself?
Not that guy but Have you ever played musical chairs?
Sux to be that one guy left standing... with a bunch of 'currency' that has no value.
>>752644998
This is the truth.
>>752649843
>The fact that it's clearly a bubble doesn't mean it's not worth riding at this time.
yes. great for speculation.
But people are hyping this as currency.
Currency isn't intended to be this volatile.
It kinda destroys the whole point of the 'coin' aspect.
>>752650244
>Currency isn't intended to be this volatile.
this.
Good Luck Bag-Holders
/thread
>>752644998
this might be true, but there's no scale for this timeline, it could be 50 years before the crash. In the meantime fortunes will be made.
>>752650244
It is being hyped by idiots. In the last couple of weeks I've seen mainstream media news stories and infotainment shows doing items on bitcoin. The crash is coming. In the meantime I'll make little.
>>752645856
That's how it was with Facebook, the biggest MySpace ripoff in history.
>>752651012
The only growth bitcoin has is idiots pumping money into. Altcoins like ethereum hold more promise because of it's more flexible blockchain.
>>752644882
It's fluctuation in the American market is so high. Without a larger deposit and a way to easily buy and transfer coins makes it difficult to attain any gain.
>>752651621
Yup. Truth niggas.
>>752651743
SO many global banks nowadays huh? Does anyone have a larger image of this?
>>752649890
try living in my bs country
for the only few places i can buy they require me to take a pic of my face for every transaction
i heard there is an international site where u can buy from anyone but less safely (im assuming people get scammed), all very complicated as well
>>752651895
The government spies on me so much I pretty much own it now.
>>752644882
>what stopped me from buying the dip
I'm broke as fuck. if i had any spare money I would have. I also would have sold out earlier today when it hit 11k.
Its good to see the general consensus is still scared of the potential of the blockchain. People were screaming bubble when it first broke $100 and still scream bubble since.
Be greedy when others are fearful, and fearful when others are greedy. -Warren Buffett
The media in my country is already warning people of buying bitcoin because they could potentially lose all their money, which is bullshit but if they continue normies will start panicking at some point.
>>752652012
Yup.
>>752644882
I have no money in the first place.
I bum tendies off me mum.
Feels bad man.
>>752652218
>>752649973
>please take my pieces of paper, i'm hungry
Sorry buddy we only accept digital currency didn't you get the memo?
>>752652324
Every cable box has diodes like this in them.
>>752652346
Kek, money. What is it anyway?
>>752652270
you know what feels worse? in 2009 you could have mined hundreds, maybe thousands of bitcoins.
>>752649645
You cant even compare crypto to any other market. This has something of real value in our day-to-day lives. WE will gladly take this train without you
>>752652440
You still can.
>>752644882
Honestly I just don't have the cash to invest right now. I'm still pissed I lost my wallet back when I had five coins. Back in the early days I farmed five coins but didn't both trying to recover my wallet because, like a moron, I didn't think it's grow I to anything. Now when I'm trying to get back on my feet I'm kicking myself; a single coin would be life changing.
The people who invest in bitcon say that gold is a terrible investment.
And I don't take investment advice from retards
>>752652998
gold is far a better investment than bitcoin
>>752653221
Simplicity.
>>752653147
>>752653221
The last thread I had six door know humping retarded screeching about how bitcoin is what you need to invest in and that gold is for retards. One of them tried to argue gold will be worthless in 10 years
>>752653394
Door knob humping*
>>752653394
Because they are stupid.
Fuck my life. The first time I ever heard of bitcoin was in the beginning of 2010, because of Tor. Then it was worth like idk, maybe fractions of a dollar ? I really wanted to get some, like $50 worth. Unfottunately I am an Europoor and basically didn’t even have a fucking debit card, so I couldn’t. I probably would have spent it on weed or something anyway. But if I had just bought some... I could have had like 60 BTC, and made a fucking fortune. Well, life is unfair. Right now it seems like too much of a stock trading thing, everyone is watching it and it can’t just explode like it did in the past.
>>752652445
>This has something of real value
>>752645260
Took macro 101, this is fucking overbought as hell and it'll crash- granted, not so hard the image depicts -but it IS a bubble. The difference being, it's not a traditional bubble at all, it will never fully pop. Just deflate.
I had like 10 but coin on an old phone that got stolen from my car like 8 months back. Pisses me off knowing it's gone and some asshole wiped it clean and it's gone forever. My dumbass never had anything backed up.
What are we if not anonymous?
>>752653701
>it will never fully pop.
go on...
>>752654235
Shit at least paper currency has SOME limitations to inflation. It has to be printed
Bitcoin can just be created out of nothing and flood the market
>>752654340
>and flood the market
Actually, there will be a limited amount of btc created.
The real problem is that it isn't backed by anything but demand.
Most of the children in this thread have no recollection of market dynamics prior to 2009 and have a false sense of security.
These facts are ingredients of a text-book bubble.
Some of these kids are going to learn the hard way when they log into their 'bank' only to find that their 'wealth' literally disappeared overnight.
Betacoin is shit tier. The only fundamental is power consumption using vidcards. Tulips for betas that think they found the one. Lol
>>752653506
You're not alone. I had like 8 bitcoins when they were like 15$ each but spend them all on weed. The package took forever to arrive so i quickly stopped caring about bitcoins as a whole. Funny thing is i had like 0.5 bitcoins left on the marketplace but that site "closed" and basically scammed everyone.
>>752654235
The concept of a secure digital currency is too appealing for us right now. It isn't going to go away, at least within a decade. Even if Bitcoin itself is shut down somehow (which is the only real way to kill its value at this point) other currencies will pick up slack.
>>752655065
>The concept of a secure digital currency is too appealing for us right now
>The concept of digital currency is appealing to the demographic with the least understanding of the market
Exactly
I dont get the problem with paying tax, oz fag here and i will just cash out and write it up as capital gains, yea i will pay extra tax over that financial year but im far up than i was when i invested in shitcoins so i dont mind. Just cash out, and do your taxes and spend the profit, dont fuck yourselves over and get in trouble. Not worth it.
>>752646493
you don't actually have any bitcoin do you
It will probably go something like this:
9:00am EST: 1 btc = $10,000
9:20am EST: 1 btc = $8,200
9:35am EST: 1 btc = $5,600 <== idiots flood in righ here
10:20am EST: 1 btc = $5,950
10:45am EST: 1 btc = $4,400
1:00pm EST: 1 btc = $1,200 <== panic right now
1:20pm EST: 1 btc = $400
2:00pm EST: 1 btc = $120
3:00pm EST: 1 btc = $72.50
3:20pm EST: 1 byc = $33
4:00pm EST: 1 btc = $0.05
>>752648015
yes you'll be real anonymous when you put cash into your bank account
>>752655065
>Even if Bitcoin itself is shut down somehow (which is the only real way to kill its value at this point) other currencies will pick up slack.
Yes. Because we all know when people loose their asses on one digital currency they will simply poor their remaining money into another.
>>752655348
what happens when people who poured in their life savings and took loans from banks and the mafia lose all their money?
>>752655445
I see it like this, many valid points like it isnt backed by much. But its sort of like the .com times, people who missed out missed out big. For me this risk vs reward is alright, my portfilio consists only of 20% cryptos so i should be fine eitherway. I hope it keeps going up but wont jump off a building if it doesnt.
>>752647185
It's not anonymous and you can't just "exchange" it. It's not like you're running foreign currency through a bank and you can change it. It's more like a stock, if no one is buying you aren't selling. You can't just cash out.
As someone whos doubled their investment thru crypto, i try so hard to find reasonable facts that prove Bitcoin wont continue rising. The demand is there for a reason. The blockchain technology is too good to fail. LOL at people comparing this market to any other failed market in the past.
>>752655659
They deserve it in my opinion. Its a risky market and you should never loan money for any kind of shares/cryptos..
>>752655445
> poor their remaining money
Poor is what your grammar is like. Stop lecturing people on shit you have evidently no undestanding of.
>>752655348
I would be one of those idiots.
>>752645421
theres a good chance, everytime bitcoin has risen this much it crashes.
Yes this time feels different with everyone and everyones grandma trying to buy bitcoin, but eventually its going to come down
>>752644882
https://www.pornhub.com/view_video.php?viewkey=ph5884335b5e304
Can any naysayers in this thread say anything that backs their theory of crypto collapsing? It seems none of you have done any unbiased research to it. sheeple and their fear
>>752656066
It's a bubble. Only this bubble is an investment in something that no markets or large financial institutions really recognize and if they don't want to give you money back for what you put in you can't get it back. It's not an exchangeable currency. It's nothing like that.
>>752655700
yeah, and $5 trillion in market value was wiped out when the bubble burst. so the question is when are you going to cash out?
Help me launder my bitcoin gains and buy a shirt you mongs. You KNOW this is true. Let the world know.
>moneylaundering.business
>>752648375
We have paid shill hats too.
>>752655801
>Stop lecturing people on shit you have evidently no undestanding of.
Yup. It will never go down.
Not. Even. Possible.
Santa would never let that happen right?
>>752655718
>The technology is too good to fail.
literally what everyone said during the dotcom bubble
>>752656066
please ignore the value based on nothing by speculation, the fact its price is highly volatile, and the fact it is only worth something converted into actual money
>>752656451
IF you can convert it. Which banks have no incentive to do
I did buy the dip buy sold at $10400...
Hope this crashes and burns so I can buy cheap again
pump DOGE and LDOGE please!!
>>752655718
>LOL at people comparing this market to any other failed market in the past.
The price of my house will never go down!
I mean, it's a house!
There will always be a demand for a house right?
said everyone living in a newly built home in a gated community in the middle of a desert in NV...
>>752644882
About to be regulated by US.
Lulz when it crashes
>>752657022
Most of the trading volume comes from Koera and Japan..
White knights sayin, its good because the technology is so good. Thats your argument and evaluation? Wheres the top? Because you arent smart enough to say when. I have no liquidity, and cant buy anything at a store with it. There are no legit clearing houses. Why the fuck do we need it? Venenzula and shithole places maybe. Civilized countries dont need it. Savy investors are interested in fundamentals and arbitrage and interest rates. Overusing power to encyrpt a transaction is stupid and already been done, and your betting only on intrinsic value. Its worse than trading options, and white knights are going to get slaughtered. Poopie pants...
the bitcoin will rise a lot in June 2018 for the football world cup (for online bets, travel, etc ...)
image: green fan of footbal
>>752657221
and if northkorea drops a pair of nuclear missiles, the USD will die and use BTC even more!
>>752644882
I buy gold. It has actual value.
Bitcoin is just another fiat currency, the hype gave it value and i congratulate all the people who saw it's boom coming, but i don't see it booming again.
It's based on a computer system, which is inherently corruptable since it was made by humans, gold isn't and has withstood the test of time. We'll se about all these crypto currencies.
That being said, if you're young and your research leads you to believe it's a good investment, go for it. Not balls deep, but go for it.
I'd advice you to cash out of it as soon as you make a good profit and buy land or gold.
Its going crash and burn anytime now...
Come on crash please so I can buy low agian
>>752644882
Because I only exchange bitcoin when I am using it immediately, I don't sit on it like your mom does on my face.
>>752657566
sounds like all the market media, trying to get as much fear into the users to force a crash. they dont even understand that our intent is to use it like normal money and see a world wide adoption of bitcoin. tbh we just need to see a few more economies fall apart and the people start using btc as a primary currency. At this point for me at least the few extra bucks of it going upward is just a bonus
>>752657497
Gold is still a fiat currency, it's not useful and it's value is only made by how much people like a pretty metal. It's value itself is entirely man made.
>>752658188
LOL agreed. Good luck breaking down your gold to pay for milk lmao. meanwhile i can breakdown a bitcoin 100 mil times and send it off in 5 seconds
>>752644882
The same thing that stopped me from buying back in 2011, I'm poor
>>752653701
Just like the major stocks,sure they deflated but theyre at all time highs once again. Long term holders will appreciate their patience in 10 years.
>>752658257
>coz your local store takes bitcoin for milk
>>752658377
It doesn't now, but it will.
>>752657497
>buying gold
>not buying REAL assets like hats and shirts that you use every single day
When was the last time you touched a gold brick? Hint: It's never.
I bet you're touching a shirt right now.
>>752658072
>your intent
>you matter
>not a bubble
>>752658431
BWHAHAHAHAHAHAHAHAHAHAHAHAHAHAH!!!!!!
>>752658188
>Gold is still a fiat currency, it's not useful
False.
Gold is a precious metal that was used to manufacture the device you are using right now.
>>752657497
At least invest in something with actual value other then just being shiny. Copper, aluminum, whatever platinum, or rare earth metals. I put a bunch in copper actually when it dropped to dirt cheap and got 3 fold back in 9 months.
>>752658444
not him but 2 weeks ago at a jewelry store.
I honestly do get the whole point of basing a money system on gold, I cant eat it, I cant shelter under it, and would be terrible for making into a weapon. What is it honestly useful for? Its just shiny
>>752658431
>It doesn't now, but it will.
Good luck.
I tried to trade a share of RAD for a pack of smokes and almost got arrested.
>>752658072
Kek
Yeah the banks will totally analyze your good will, hey maybe you can start up a new crypto called goodwillcoins so you at leaSt feel better when it implodes. It's all a pyramid scheme if you get down to brass tacks. You pump money in and others get rich
>>752658306
It came to my attention in about 2013 when it was around $166 a coin? Maybe it was $66. w/e.
I was unemployed (not collecting unemployment) but I had about $20,000 in the bank. I thought about it and thought about it, it seemed like the best chance to be able to retire someday. Also to lose my one chance to buy a house/go to school etc. I eventually decided i'd missed the best chance by not gettin in early enough.
If I HAD bought in at 166 I would have been able to afford 122 coins. Assuming I kept a cash cushion for myself I could have bought 100 or so BTC.
Uhg.
>>752658504
>your poor
>you matter
>not a joke
>>752656735
Doesnt have enough volume for me to pump it. Seems abit dried out. Once it his 0010btc i will buy in
>>752658736
what will it matter when the banks no longer mean anything to me or anyone else?
>>752658593
And there is a lot of it. It's like diamonds...
>>752658663
>I cant eat it,
Really.
>>752658833
Top kek
>>752658663
Exactly right anon
You know what you CAN use as shelter and a weapon though? A fucking hat.
If only there was a moneylaundering.business that sold hats like this....
>>752658188
>it's not useful and it's value is only made by how much people like a pretty metal
Gold doesn't rust or react with air, humidity, etc. and has a very high melting point. (something like 2000° F) making it great for storing value.
I
Is easily maleable into currency since it's soft. (>>752658257)
>and it's also liquid as fuck.
Then there's the historical fact that it has always risen in adquisition power (actual value) and that every society on earth values it.
It cannot be inflated by other means than idgging it up, and only about two stadiums worth of it has been dug out during the entire human history.
i could go on.
>>752658849
oh my bad.. have fun with your gold poisoning from not cooking it properly though
>>752658680
>RAD
people keep comparing other markets to Crypto. Makes me laugh. You were wrong on your opinion last year and youre still wrong now.
>>752658896
thats a neet hat, I bet if you threw it, it would just keep going and going
>>752658838
>And there is a lot of it. It's like diamonds...
False:
we would need only 3.27 swimming pools to hold the entire global supply of gold
Please try again.
>>752658754
The people today will have the same exact regrets as you bro. not buying in 2017 will be a mistake as well.
>>752644882
I spent $600 on bitcoin in 2013. I'm sitting on what I have until they hit 100k each, then I'm selling some.
>>752644882
Can someone explain how you exchange this for a country currency?
I'm very ignorant on this subject
I’ve known about bitcoin since 2012 the value of the coin was only worth 7 bucks that same year it rose to 1000 bucks. We are now ending 2017 going into 2018 and the bitcoin is stronger then ever. Always remember the big company’s like wellsfargo Bank of America, etc, they will always try to pursue people their way, savings account cd accounts are worthless at .05% it’s nearly impossible to make money with them bitcoin tho gives you almost a return of 30% and up
Gold is not a currency retards its a commodity traded on the exchanges as such...because industry uses for computer contacts etc. Your stupid shit tier beta platforms give you no insight because you cant trade oil or wheat or futures and your being told gold is a currency on them. its not....
>>752659189
You don't exchange it, you have to sell it.
>>752659189
Exchange websites, coinbase, kraken, etc.
or just trade directly to people with cash.
>>752659189
Use an exchange like coinbase. Instantly transfer USD into your crypto and withdraw to your bank account. takes a few days to hit your account. ive tested it.
>>752659022
It sure does, kinda like bitcoin. You know what else keeps going and going? Your phone buzzer when women see you in that hat.
Of course, I've only seen them sold at some kind of moneylaundering.business
>>752659239
>>752659251
>>752659303
I see
Might read something more about before getting into it
Thanks anons
>>752658188
>it's not useful and it's value is only made by how much people like it
jesus christ, man
>>752659147
Jeez anon, at least liquidize and diversify some of it. You're putting all of your eggs in one basket.
One article comes out tommorow claiming to have hacked the block-chain and, even if it's blatantly false, the value plummets.
>>752659239
Selling it IS exchanging it. youre just another fear mongering buffoon.
>>752659209
Litteraly every bank and 1st world nation has some investment with bitcoin and other cryptos.
>>752658596
gold is literally used in the computer you're using to type your bullshit on
>>752659393
The more you wait, the smaller your margin of return is. Just take one hour to research what cryptocurrency is. You will understand why theres such a high demand for it.
When pro traders can buy a barrell of oil or bushells of wheat or oranges or sugar then you betacoin fags will be right, till then have fun taking it up the ass with no liquidity.
>>752659435
I have a house and 5 acres, along with 2 rentals and about 120k in the stock market. I'm 32. It's still not life changing money right now, maybe just your average home for my area... but I'm going to wait for a couple more years, cause right now doing nothing has allowed me to gain this much, so I'm going to let this play out.
>>752659775
Oh ok, i though you were another young anon risking everything on crypto. I think there's a big problem with these things because a lot of young guys are going balls deep on something with a very short track record.
It's funny we're having this debate exactly 10 years after the crash of the great recession.
Most kids in here have no idea how fast values fall.
Particularly assets derived from nothing but demand.
I saw a guy order at Burger King. He asked if they took bitcoin or litecoin. The girl behind the counter asked if it was debit or credit. He responded by telling her what they were. Which she informed him that this was The United States of America. And we only take real money.
>what is a bubble
Wells Faggot stopped me
Calm down bitshills, you're gonna push too hard the bubble will pop.
>>752660011
To be fair the person trying to pay with them was probably some hipster faggot trying to feel clever, and the person who was at the register was probably a negrofriend unable to intellectually process the concept. Bad mix of two kinds of stupid.
>>752648205
Um, no, they just audit you, you say you didn’t know, and you pay a fine plus back taxes if they ever find out.
>>752659939
Yeah, I couldn't suggest getting into bitcoin with serious money right now. Of course I regret not going way more in back in 2013, but hindsight is 20/20.
>>752658756
>You're
>I'm an experienced investor who has seen and profited from many bubbles
>I'll make money off the joke that is bitcoin while you lose your shirt being a donkey who believes it's actually a real thing that's gonna change the works maaaaaaan.
>>752659147
>until
Lock some in dude. Ok fine you got in early so ride it out, but take some damn profit.
>>752660394
>Um, no, they just audit you, you say you didn’t know, and you pay a fine plus back taxes if they ever find out.
Oh really? That's how it works?
It's the IRS. The most powerful 3-letter agency in the US.
With the FBI you are considered innocent until proven guilty.
With the IRS you are guilty until you prove yourself innocent.
They will seize your assets and freeze your bank accounts before you even know it.
You say you didn't know? - Haha, fuck you while you rot in a federal prison. Tax evasion ain't no joke. Even if you're Al Capone.
If the so called clearing house is not legit based in the USA and you sell a shitcoin and transfer the money in paypal and it enters usa monetary system and its over $10,000 you have more than than taxs to worry about. You are sidestepping AML that all banks have to submit. You dont have a legit usa clearing house, maybe secret service looks in it. And seizes all your accounts. Lol
>>752650244
It’s volatile because there is no way to know if it will ever become a viable store of value, it’s so new that people don’t know what to think of it, and a few hundred million dollar trades cause serious fluctuations in price...
Basically everyone into crypto right now is banking on it becoming worth 10-100x what it is now.
First off selling now is retarded, CME futures have been approved for Dec 18, in order to guarantee futures they will need to buy bitcoin, so the price will go up regardless. Once they have bought a shitload depending on market sentiment will either skyrocket or crash to 300-500 dollar range.
I’m okay with this risk, I took on a small amount of debt (20K) and currently have about 60K from that. I’m okay with it going to 0.
ethereum seems to be going up. could that be a bubble too?
>>752656336
How much is Amazon worth now faggot
>>752661005
>volatile because there is no way to know if it will ever become a viable store of value
That's not a great description of a currency.
Confidence plays a huge role in the value of currency. This is just speculation. Great for a stock. Bad for a currency.
I have 6k power ledger coins =)
>>752644882
Literally helping to develop the next era of software that will make btc worthless overnight.
>>752661332
>How much is Amazon worth now faggot
If Amazon went BK you could at least sell their assets (inventory, equipment, office supplies, etc...) to recoup the losses. They have a book value.
Bitcoin has absolutely nothing behind it but hype.
>>752660809
Um, they aren’t going to freeze my assets for 3 grand in taxable income, are you a fucking retard?
You realize it takes man power to do that shit, and they do have to prove I was not paying my taxes and I knew I was supposed to, you realize how hard that is?
Al Capone was literally retarded he admitted that he knew he had to pay taxes on it during the trial.
You just say you forgot to declare it, that’s it, they can’t prove you didn’t forget to declare it.
>>752661338
Right, but when people know it will remain a store of value it will become less volatile.
>>752661723
You mentioned this was like the dotcom bubble, I was asking how much it is worth now, you avoided answering my question because it proved you wrong. Glow in the dark bitch
Investment fund managementfag here. Bitcoin is a bubble. Granted, most asset classes, from real estate to stocks, are in a bubble driven by historically low interest rates. However, the Bitcoin bubble is particularly massive.
In the past several months, I've seen mechanics, teachers, janitors, etc all talking about/investing in crypto. When those sorts are getting into the market, it is time to get out.
My twu centz.
U.S. and EU force regulations on their citizens in regards to cryptos. Bitcoin crashes, most of the bullshit ICO coins and many other low coins are seen for what they are. Securities. Hot air just disappearing.
Bitcoin, Ethereum and Litecoin along with several other coins take a huge hit then slowly start to increase as new ways to exploite the system (tax dodging) are worked out with new devs.
Bitcoin continues its rise up and is worth 100k+ a coin by 2020.
>>752662103
What about CME futures?
Think it will blow up right after Dec 18 into early Jan, then crash hard.
Was thinking of taking some profit in January, pay off all my debt, sit on the rest, because I wouldn’t care if it went to 0.
>>752659393
Do NOT use Kraken.
DONT USE KRAKEN.
DONT USE KRAKEN.
>>752662379
If you've made a good deal of money in the market, take your money off the table and enjoy the gains you've made. Only keep what you can afford to lose invested.
>>752661769
>You realize it takes man power to do that shit, and they do have to prove I was not paying my taxes and I knew I was supposed to, you realize how hard that is?
You realize how naive you are?
The sole purpose of the IRS is to collect money. That's what they do. It's not hard. No manpower, just an algo.
Small amounts you owe turn into very big amounts really quick when you tack on penalties and interest.
But hey, you're the smart guy here. Go ahead and tell them you didn't know the rules. That excuse worked for nobody before.
But you're special. Like snowflake special. They wouldn't dare...
>>752661924
>You mentioned this was like the dotcom bubble,
Just ask yourself this: What is behind the value of a bitcoin? Is it the GDP of a certain nation? Is it backed by a precious metal?
If an asset has little support, it always falls eventually. Want to buy a tulip for $1000?
What I don't understand is why. The way I understand it. Is that you are paying 20 percent of every dollor invested. So you lost 1/5 of your money right off the bat. The next part is that none of these coins are backed by basically nothing. No gold or silver nothing but what they say people bought. Computers can be hacked or hit with a emp and it's all gone. Your word against theirs. Or What if they shut it all down and send all the investors coins. Coins that they make 500 coins per dollar. And it would be legal because you bought coins.
>>752662704
This is true except they don't catch most people exploiting the system.. Especially the small potaters.
>>752660809
My dad got audited. Got a letter in the mail saying how much he owed. He paid. No prison, no frozen assets, just him being his forgetful-ass self and misplacing some W2s or something.
>>752662103
but if more people invested wouldn't that drive up the value of bitcoin?
>>752663776
>This is true except they don't catch most people exploiting the system
Maybe. My point is that the IRS considers unpaid taxes the same as theft. It's THEIR money. Not yours. You don't decide if and when to give them THEIR money.
They WILL take money right out of your bank account without prior warning. If you don't have enough, they will take other stuff that they can sell to collect THEIR money.
This doesn't happen AFTER you go to court. You can go to court to try to get the money back, but until then that money + penalties + interest is THEIRS.
try me kids
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Z5QD2B3aUPRKW
>>752663907
>He paid. No prison, no frozen assets,
That's great for your dad.
And I've witnessed the IRS take the other route.
Trust me. You don't want to mess with the IRS.
>>752664194
Of course. That is exactly what is happening. The point is it will crash at some time. Is this next monday or next June? That's the difficulty. Closer to Monday than Jun IMO but an exit strategy is needed.
>>752664194
>but if more people invested wouldn't that drive up the value of bitcoin?
My point is that you now how dumb money flowing into Bitcoin. It is overvalued and the ones now getting into it are rubes who have no idea what they are doing.
I only invested what I can lose 100% of, don't be greedy!
>>752664392
I didn't dispute that. It sucks. The system is fucked that's why people voted for a human hand grenade hoping it would fix things. Of course it will only get worse.
>>752644882
>and the banks are scared of it.
Nah fag these bankers have invested and pushed it all along. You really think the most rich intelligent men in the world didn't somehow see bitcoin coming and are going to suddenly lose all power? God you are a fucking dipshit.
>>752644882
Not a goddamn thing. I'm up to over $180,000 US motherfucking dollars.
>>752645718
QFT. I'm 80% ETH and hodling
>>752644882
>My face in 2030 when OG nakamoto sells all his bitcoin and crashes the market
>>752647330
You need to learn about crypto currency. I bought ETH when it was $9 bucks and cashed some out when it was $50 bucks. Deposit of just under $10,000.
Speaking of learning about crypto, I won't ever sell again. That $10,000 is $100,000 today.
>>752667351
Made $20,000 today.
My advice: Buy Ethereum (ETH). And hold it.
>>752662704
You’re a stupid fucking troll, fuck off
>>752668959
For those that care. I started with $900 when bitcoin was $300 a piece. Sold them when bitcoin was $900 and bought Ethereum with it when ETH was between $9 and $14 dollars. Wish I would've held that ETH. But I can't complain. I started exactly one year ago tomorrow.
>>752664790
You’re just a literally retarded fear monger, they do that shit to people who try to avoid paying for hundreds of thousands or at least tens of thousands of dollars in income.
Crypto is new, how is it not possible to not realize that you need to pay taxes on it, it’s not like stock accounts where you get a form from your firm saying “this is your income tax and capital gains tax obligations for this year”
They will not freeze your accounts right away you stupid fuck, it does take effort to do that, it’s not like some dude presses a button and all your accounts are frozen, there is a procedure you stupid fucker.
To go to prison they have to convince a jury that you knew you needed to pay your taxes and didn’t on purpose beyond a reasonable doubt. Like wtf are you even talking about?
guys, I've heard it's really hard to cash out bitcoin, is this true? I'm not sure what to think of this whole crypto currency thing. and Ethereum, is that worth buying?
>>752669650
You can only sell like 15K at a time through coinbase, so if you have serious holding could take a while to cash out, better to find a private buyer and sell them all at a discount if you need to cash out quick.
>>752669650
also, should I wait for Ethereum to crash again, then buy a shit ton of it?
>>752669845
If you can get Ethereum while it's under $500, then get it. Only if you plan on holding it for at least a year. It's not going to go back to the $300 levels. Just look at the year long graphs on it.
>>752670173
it really seems like it's about to crash in a bit honestly
>>752670311
No, it just crashed. Look at the peaks and valleys. It's going to punch through $700 by the end of the year. Maybe more.
>>752670377
where are you looking at this graph? what website I mean
>>752670513
Coinbase. You may need to be logged in.
Coincidentally, my bro and I dug through my closet today to find the piece of paper I'd written my wallet passwords on and then checked to see what tiny amount was actually in my wallets...
In 2013, he gave me $50 in Litecoin for my Bday and I bought $100 of Bitcoin.
Today, it's worth about $3600.
I'mma cash out half and let the rest continue on.
>>752670623
hmm, you can only buy but not sell on that website in Canada. are there any websites you would recommend that have leaf support?
>>752671038
The other exchanges I use are Kraken, Bittrex, GDAX (which is Coinbase so that probably won't work). You can use GDAX to avoid Coinbase fees when you buy.
>>752644882
Until the US declares it an illegal currency... very soon
>>752671873
Sorry you missed out on the gains bro
I expect the old banking dynasty families to eventually outlaw this currency. All they have to do is get their political puppets to make it a felony to exchange cryptocurrency and then *poof*, you're money is gone.
I just don't trust it.
>>752671873
why would they tho
>>752672723
They won't. He's just being a fag.
>>752672479
Not gonna happen. The big banks are already invested too heavily! You think they don't have their fingers in that pie? SHEEEEIT.
>>752672479
>you're money is gone
your*
>>752672857
You do realize they could short sell it, right?
BTC is already a legit currency worth billions worldwide today...the real money is mining it which is not hard to do if you have the right gear and know how....
>>752645571
This
>>752668401
>I won't ever sell again
congrats you just turned that 10k into 0
>>752648556
>we can't eat bitcoins
can you eat plastic-paper?
>>752656438
>dotcom bubble
well are you using the internet or not?
>>752656540
>banks have no incentive
banks dont accept bitcoins, businesses do. they send money to your bank if you want to cash out. they earn money by providing you that service
>>752655348
Its literally that in reverse order, and it will continue to rise as the rich buy in.
>>752645629
>lose your hardrive, lose your money
bullshit i have all my bitcoins on paper wallets...you dont understand the concept of blockchain if you think the bitcoin are on your harddrive..they are on every harddrive and you just need your private keys
>>752644882
do you want to die in the bitcoin wars?!? leave it alone or our overlords will have us all slaughtered
With amazon set to accept bitcoin and launch their own bitcoin services your a fool to not buy now.
Bitcoin will be over 20k in no time.
>>752672793
Wait and see... sooner than you think
I'm seeing bitcoin everywhere lately. Maybe it's a sign i should put all my money and just get rich by doing absolutely nothing and wait until 2020 to take all the cash home.
>>752676257
>>752668959
I've made $1,250.00 USD since I posted in this thread. Been playing Warcraft.
Invest in Ethereum. Not bitcoin.
>>752645271
coin fags literally think goods come from thin air
>>752674555
have you ever heard about the grater fool theory?
The only way this ends good for coin fags is if there is massive adoption. And that will never happen because common people (you know, 99% of the population that has never heard about bitcoins) will not accept their savings go to shit and basicly become slaves to a few people.
It is as if some thousands of crazy people suddenly tried to make transactions using Captain America original books. Their price would go up sure, but it will never have widespread use and people would eventually realize they are worthless.
>>752679552
There is future for crypto. I truly believe in that. But it will be something like the ECU or the FED deciding to create a cryptodollar or a cryptoeuro and exchanging it for fiat dollars and euros, a bit in the same way that the Euro was introduced in Europe
This reminds me of Beanie Babies in the 90's.
>>752679552
>grater fool
>>752679552
>basicly
>>752679764
>>752679771
What this reminds me is that there is too much liquidity in the economy. Economists are measuring inflation wrongly and using tools from decades ago to calculate price increases. They do not take into account the immensity of goods that have come to market or changes in peoples consumption patterns. And whenever there is too much money it has to go somewhere, either it is housing bubbles, stock increases etc.
>>752680049
>>752680108
yeah dumbass, I am not a native english speaker and I am writing without a spellchecker, so what? couldnt you understand what was written and could only spot grammar mistakes?
>>752680245
And it's about to get more liquid. US tax reform package just passed.
All Hail the God Emperor!
>>752680385
gb2africa nigger. This is a discussion for the US elites only.
>>752644998
/thread
bitcoin doesnt exist, nobody is responsible for it
FUCK MAN
ANYONE REMEMBER DOGGE COIN?
SOMEONE JUST PROGRAMMED THAT SHIT LIKELY BECAUSE THEY MISSED OUT ON THE ORIGINAL BIT COIN AND WERE HOPING TO GET RICH.
DOGGE COIN WAS NEVER HEARD FROM AGAIN.
REMEMBER WHEN THERE WERE TIPS OF THREADS ABOUT DOGGE COIN?
ANCIENT HISTORY NOW.
