/biz/ - Business & Finance

I wish I had sold my 150 BTC @ $19,500 instead of buying more at $6,000, now that they're $3,175! #bitcoin

>>12118542
I wish I bought 150 BTC @ $19,500 instead of selling at $54,000, now they are worth $37,500,000! #bitcoin2022

>>12118500
I'll start buying when it'll dip to $400 in Feb

>>12118500
Bitcoin Sanjay's Vision will be pumping soon sirs!

>>12118678
I hope so
started working again because I've accepted this is going to be a long bear and I'm not going to sell at these prices
it fucking sucks and I'm definitely selling if it hits 20k and 50k again

>>12118500
>he x5ed
>you made a loss
who is the smarter one?

>>12118685
>Fair value's $400 a coin, dude, and the technicals are shit.

>>12118738
>bought at $150
>made a loss
pick one

>>12118737
There's no fucking fucking way it double tops. It will be as always, as soon we hit a new ATH fomo will kick in as assorted retards realize the unconfiscatable decentralized asset limited in amount can only go up when measured in terms of fiat.

>>12118779
yes of course
everyone on /biz/ bought btc at $3 and eth at ICO, that's why it's such a calm and serene board
>>12118794
everything you said also applies to bch, dogecoin, litecoin and most other meme currencies. will they also moon to infinity? if not, what separates them from bitcoin?

>>12118815
Not everyone of course, most here are low IQ. I did tho.

>everything you said also applies to bch, dogecoin, litecoin and most other meme currencies. will they also moon to infinity? if not, what separates them from bitcoin?

If you are still asking this in 2018-1 month, you are not going to make it.

>>12118815
They will definitely moon if they survive but bitcoin is the main network, the original "digital coin".

>>12118794
haha I can't wait to see the next round of fomo kick in, but this dip from 6k to 3k feels like a punch in the gut

>>12118829
>evading the question
brainlet detected
>>12118851
>if they survive
whaaat? /biz/ told me that cryptocurrencies could never die
are you telling me that once the hype disappears and speculation stops, cryptocurrencies become useless as they have no inherent value?
bitcoin's only stand-out factor is the brand of it, and this is only important in a hype-driven market.

>>12118815
bch isn't decentralized
doge isn't limited amount
litecoin is a copy but a hedge against a failure in SHA-256 I suppose

>>12118737
This is an opportunity to accumulate anon. Who knows how long it'll stay down but I'm picking up at these prices

>>12118904
Both BTC and BCH are controlled by a small group of miners that could easily commit a 51% attack if they wanted to.
Why does being a copy matter? All factors listed still apply.

>>12118896
>do homework for me
>wonders why he isn't rich

>>12118870
There must be pain, too many idiots on board last xmas. Once accumulation OTC is done markets will be pumped to ATH.

>>12118968
mining pools don't own the miners
bitcoin has the strongest and most distributed group of miners in crypto by a long shot

>>12119020
this wasn't a legitimate question, but I can't expect someone who believes in deflationary currencies to understand rhetorical devices.
>>12119026
>mining pools don't own the miners
they still control their hashpower.

>>12118737
yes you and many who don't get BTC will sell that's why we're seeing a long bear market. whales will keep it pushed down until they make sure those who sell at $20k will miss out on the BTC train for good

BTC will grow exponentially until it reaches gold, then stock marketcap (8->80tril), likely will take some of real estate too (500tril)

the number of people, and especially the number of actual wealth flowing into BTC is only growing. compare the scene with where it was one year ago, when govt ban was on the table and institutions were scared of BTC

now we're seeing the coming of BAKKT and crypto has proven that it can go into the trillions without the immediate risk of being banned

You idiots might as well accumulate the dirt outside of your house. It is worth about as much.

>>12119076
>a small group of miners controls Bitcoin
>miners get cucked into segwit
get a load of this krugmancel

>>12119076
>they still control their hashpower.
yeah the miners are going to let the pool attack the chain while they eat electricity costs and earning potential

>>12119121
miners would rather make 5% less profits than creating another large-scale war that splits the community again .

>>12119092
Realest shit I've read all day

>>12119145
double spending only takes about an hour.
realistically, how many miners keep an eye on the pools 24/7 to ensure that they don't abuse their hashpower?

>>12119146
Yeah that's why miners would waste a fortune trying to 51% Bitcoin of all blockchains and render all of their investment useless.

>>12119213
it's not "is it probable?", it's "is it possible?"
visa also has no motivation to fuck up their system but you all can't stop shaking at the thought of one entity controlling the entire system

>>12119181
>double spending only takes about an hour.
no, it's pretty much impossible.

>>12119259
when the probability is neglible we say it's impossible. that's pretty much the point of this "Bitcoin" thing

you are speaking about double spending while also having 51%. First of all is there such an pool in the first place? Secondly you have to target someone. You can't simply doublespend "everyone" you need to pick a target who you know will be paying about that time and pocket the cash/produce they get for BTC. Pretty difficult huh?

>>12119278
>no, it's pretty much impossible
wrong
>you have to target someone
do the same thing the btg attacker did - target an exchange, get monero and dip.

>>12119312
monero of all places to cashout a mainnet doublespend :DD
you must be kidding by the time double spends on main net are feasible, some "Monero" is dead and buried.

also funny giving your docs to an exchange only to doublespend them. and then cashout to account with your name on it :D

>>12119381
monero will always be valuable because it has inherent value (cheese pizza/extortion).
cashing out isn't a problem since you can just use a fake account (kyc isn't bulletproof) and use untraceable transactions to vanish.
again, the btg attacker did exactly the same thing. everything i said isn't a theoretical possibility, it was an actual attack on a currency that's basically bitcoin but with less hashpower

>>12119259
>it's not "is it probable?", it's "is it possible?"
It's economically unviable. As a miner there's nothing to gain attacking Bitcoin. There's an incentive to attack shitcoins because they are fragile and their destruction wouldn't mean the end of crypto thus rendering their huge mining farms useless. There's also Bitcoin billionaires that wouldn't hesitate to send hitmen on their ass.

>>12118500
Jumping the gun a bit. Accumulation starts on Feb 2019 and will be 4-5 months long.

What if nobody ever never sold anything?

>>12119381
You make a shit ton of Smurf accounts brainlet. You don't kyc if you are botting. 1 or 2 BTC cashout limits are fine when you have thousands of accounts .

>accumulate, because btc went exponential when it bad a million dollar marketcap

Wow, can't wait to see 500 trillion marketcap in 2025. I'm so happy to be among so many geniuses here

>>12118815
you realize most the wojack spammers are larping, right?
when you're in despair or going insane you don't open up 4chan and make a thread with a fucking paint edit of some fad
they do it for fun

now you know, bottomshorter

>>12120030
prices would never go up since nobody is buying

>>12118737

imagine thinking you were the early adopter

the whales needed to sell so they hyped it up

and you also ended up getting a lot of chink scams

>>12118500
I will when its flatlined for a couple of months