/biz/ - Business & Finance

don't really know where to post this but I feel like I need to vent.

Do not take this as criticism of Bitcoin, blockchain technology, or cryptocurrency users & developers, it's not.

There are probably other factors that led to my brother's suicide, but he had been beating himself up over Bitcoin for the past several years to the point where he seemed constantly depressed over it and gradually became a shadow of his former happy self.

He claimed to have owned 15,000 at one point, which may have been an exaggeration. But I know for a fact that at some point around October-November 2012 he did have at least 6,000 BTC which he showed me in his wallets. He was so enthusiastic about Bitcoin and how cryptocurrencies would revolutionize the financial world. For awhile he was annoying the fuck out of our relatives about how it would make them millionaires.

I'm not sure exactly what happened to his BTC. Sometime in 2013 he claimed to have lost most of them in a hack and sold the remainder too early. He very well may have sold them all too early, but who knows.

As the price took off in late 2013-early 2014 you could tell he was distraught over it and became increasingly withdrawn from family and friends. Whenever I did manage to contact him he would sometimes end up ranting about how badly he had fucked up and how he would never have a chance to be rich again.

As the price climbed up to 10k over the past several months it became even more difficult to make contact with him, he just wouldn't reply to me or my parents calls and texts. A couple weeks ago my parents flew out to see my brother and found him dead by suicide with no note. He was 29 with 50 years of life ahead of him.

Other than obvious grief I don't really know how to feel about this. If I had missed out on $50M I might have killed myself too. I can't imagine what my brother must have been feeling these past several years knowing he missed his best & easiest shot at a good life.

Alright fuckers, so heres whats going to happen.
>>BTC hits 10k
>>All over the news
>>Normies see
>>Normies finally decide they want to play in crypto
>>Normies try to make accounts on exchanges.
>>Verification wait time 5-7 days

>>Monday (tomorrow) comes around, they finally get approved
>>Invest in bitcoin at whatever fucking price they can because its magical internet money and they have no fucking clue
>>BTC reaches new ATH

>>Invest in BTC now

I'm about to inherit ~$350k (CAD)

My current plan is to keep 50k liquid, then invest the rest as follows:

>90k in GOOG shares
>90k in FB shares
>20k in misc shares

>50k in BTC
>50k in Ethereum

What think you /biz/?

Never posted but have been following. Woke up today to see the crash, then saw a text saying my sister was rushed into emergency brain surgery. Had to sell all of my alt coins at an all time low for funds to help he family. Tell me there is still hope!

Guys I barely know shit about cryptos, but based on the sudden raise of BTC, I think it will at least get a correction. This is why I want to short BTC. Does anyone know how I can do that on Bitfinex, Bittrex or Poloniex?

This might sound really stupid, but is this the same as margin trading?

Hey guys , am currently a student , before Aug 1 I was holding 80% of my networth in btc , on July 29 I sold half of my btc for usd cause the situation looked uncertain ,was that a stupid move ? Having that big % of my networth in btc was putting a lot stress on me.

Sold 4 bitcoins on July 30 . fml, my whole bankroll was 9 btc . not judging by the result do you think it was a sound choice to cashout a part of my btc due to the uncertainty of Aug 1 ?

Is it safe to send bitcoins right now or is there any chance to lose them ?

I sold 3.7 of my 7.5 bitcoins at 2700$ , because I was unsure about the situation of aug 1. Was that a stupid move (not judging by the result but all the possible scenarios)

Hello /biz gods ,am thinking to buy 11k$ bitcoins do you think I should wait for Aug 1 for a price dip ?

Bought 15k$ worth of bitcoin when the price was 2250$ ,not sure if I should sell and buy again lower or keep holding

inside info leaked ,they are looking to pump the price on Saturday

I have an idea.

Why don't we mint real physical Bitcoins, so people can have it without having access to the internet? I think really this could be a real game-changer, especially for normies who don't get all the technology, how to buy it electronically, and all that.

>supposed to be decentralized, owned by fucking chink miners
>slow transaction speed, in a world where computers get better by the day
>etc

how come there hasn't appeared the bitcoin killer yet?

What do you think will be the price of bitcoin in 2021 ?

How likely do you think it is for bitcoin to hit 1k$?

Should we be afraid that 2500$ btc resistance level broke ? Also I have 16k€ in btc looking to hold till 2020-2021 should the segwit2x change my plan or keep holding?

When do you sell bitcoins ? Btc is definitely a very good bet for the longterm but let's say if BT hit 7k tomorrow would you sell or hold ?

I was reading an article written from a well respected economy analyst and university tutor that btc will hit 25k$ and that's when this question came up. will I hold till then or I would be selling when it hits 10k

Will 1st of august have a positive impact on bitcoin ?

I bought 92k Aussie dollaros worth of bitcoin in 2015. I'm holding until it reaches 20k, if it never does and it ends up becoming worthless, I don't even care.

I mean, I don't even spend money in RL, so even if bitcoin becomes worthless and I lose all the money I spent on bitcoins nothing about my lifestyle changes.

Is this the right attitude to have?