/biz/ - Business & Finance

we're doomed

>>2449004
ah, time to buy more soon!

Free Money, they said.
You can't lose, they said.

2350

No sign of slowing down

>>2449004
OMG BACK TO ZERO! SELL SELL SELL

>>2449026
I'm so glad normie's like you won't be back for awhile. Normie shakeout june 2017

>>2449004
Now we're only like 20% up since last month

>mfw the great bitcoin crash

If only I had money to buy more.....

I like how all people who got in this week lost a lot of money. Fuck yeah critical mass. Thank you vanityfair

itt shills trying to make it down and buy cheap

this board made me lose faith in humanity like no other one. And I regularly lurk /d/ and /r9k/

Bitcoin going down and all other crypto with it.

Mark my words we could see the flippening soonish

HODL that eth HODL gentlemen HODL

its been over 2k a coin for a bit over a month..it went up really fast. Glad i got out at 2900. It may go back up, but its still gotta correct itself for growing so fast.

Watch out for the up coming trap

>there are people on this board right now who didn't cash out just as BTC was hitting $3000

>>2449181
i am not giving (((them))) any of my coins, unless it hurts to pay for them, so before this hits 100k they can suck my dick and even then they may only be graced with 1 of my coins

Breached 2300

>>2449114
ETHBTC
Price 0.13782 Change 24h -0.00474 Change 24h (%) -3.320 %

>eth is 'going down' faster than btc

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

I love to see re-ed.

I LOVE TO SEE. RED.

I LOVE TO SEE RED YES I DO, YES I SO FUCKING DO, I DON'T NEED YOUUUU, WHEN I'M SEEING RED.

GOD KNO-OOWWSS, GOD KNOWS I LOVE TO SEEEEEE, REEEEEEEDDDD.

Should I catch the falling knife lads

I sold all of my 472 bitcoins which I got at $40 a coin 2 days ago at $2910

I quit my job yesterday, going to study up more on investing/trading so I can turn those $1.2 mil into something incredible.

None of my family members even believe me yet, they all think I'm full of shit. The anxiety is killing me too, I'm still constantly afraid something will go wrong or this is just a dream and I'll wake up all dissapointed at the end.

Anyways, watching BTC eat shit right after I get out is pretty damn satisfying

SELL THIS PIECE OF SHIT

Eth will go to 200

What crash?

>>2449261
Proof? Or just astroturfing

>>2449261

how u gonna convert that 1.2 into greenbacks kiddo?

>>2449113
/d/ and /r9k/ are pretty much casuals boards, lol.

>>2449261
SEPA me some fiat
BR65 5642 1654 3654 5165 2165

>>2449268
Tap the bitcoin senpai

>>2449261
Nice LARP

>tfw it's 1 am, you're tired af, but you want to be awake to buy at 1500

Why are people upset? This is a good thing. The same thing happened 2 weeks ago and people doubled their wealth by buying the dip. Look at this 1300 per btc. It was 2900 2 weeks later. When this dips below 2000 I'm buying more and holding for it to go 4000.

>>2449274
>he already had $100k to throw away at some insanely volatile internet money (bitcoin in early 2013, the $40 price) in 2013 and his family doesn't believe he has money
he's full of shit as always

>>2449261
should study corporate accounting especially on the topic of taxation

Where does it stop?

>>2449302
what are buy orders?

>>2449281
sent ;)

(347234.34 EUR)

Why are people upset? This is a good thing. The same thing happened 2 weeks ago and people doubled their wealth by buying the dip. Look at this 1300 per btc. It was 2900 2 weeks later. When this dips below 2000 I'm buying more and holding for it to go 4000.

>>2449315
Place order at 1599, it stops at 1603

>>2449325
wow just checked the public ledger, thanks!!!

>>2449339
i paid an insane high transaction fee ($2!) so it should reach you within 10 minutes

YOU BETTER BUY THE DIP NIBBAS

>>2449004
>still hodling to my btcs
It's going to go back, r-right guys?

>>2449315
I don't trade on scam exchanges, only OTC through bank wires.

>>2449307

$40 x 472 is only 18,800 dipshit

>>2449261
Don't forget to pay your taxes

>>2449261
Cool story jOsh (POC)

COINBASE WONT LOAD

>>2449419
>>2449374
no shit niggers, that's exactly why i will never trust them. you need to be able to fiat<->bitcoin instantly in this game.

>>2449261
talk to a lawyer before you talk to your family senpai

you're going to get roasted unless you do everything right

>>2449419
They are shutting it down to release the whales. Only small accget locked out goy.

>>2449261
taxman here, pay your duty

>tfw you're patiently waiting for a rebound on the dip

>>2449004
can't wait to buy some when it crashes

THE LAMBOS ARE BURNING

>>2449330

Because it's different this time.

With Bitcoin implementing forced SegWit soon, everyone is getting the fuck out.

This is a permanent decrease in value in anticipation that SegWit will go horribly wrong. And it will go horribly wrong.

>>2449403
>>2449528
I heard that you can directly buy gold with BTC and evade taxes that way.

>>2449694
Eventually you will have a bank account that doesn't make sense on paper. Tax evasion is literally retarded. Even famous people go to jail for it.

>>2449668
>And it will go horribly wrong.
And you're basing this on...?

>>2449450
that's what usdt is for

>it's crashing
>Still over 10x profit since may

mfw started this week and still 10% in the profit. I think btc will not fall too far further.

>>2449719

Read up on it.

If even one miner decides not to update, the blockchain becomes segmented and loss of data occurs.

This means, kiss your bitcoins goodbye faggot. They're gone forever, or now exist in a piece of shit fork that no one wants thus their value has decreased tremendously.

>mfw 5 BILLION has already left the market in Bitcoin alone

>>2449770
>If even one miner decides not to update
Why would they risk their free money machine over this?

>>2449770
>tfw this guy buys the rumor

>>2449782
>Mfw
Show your face then faggot

>>2449785

Because they will faggot, all it takes is 1 person.

Then catastrophe.

Hold and lose all your money. There's no honor in going down with the ship.

>>2450063
>Because they will faggot
Oh ok that makes sense.

>>2450063
this
all it takes is one miner to short bitcoin
they can make millions in one day

>>2450098
>cryptocurrencies and the markets they trade on are completely unregulated

I guess that would even be legal to do, right?

>>2450153
of course it's totally unregulated and the markets are already manipulated to the bone.

>>2449770
Thats not how it works

>>2449261
>>2449281

Please I need some fiat here too, god just 149€ in my account....

ES94 2100 0054 0701 0271 8551

>>2450260

Sure does buddy. It's over for the HODLers.

I knew regulation and anti terrorism funding measures we're coming. Rip anyone holding above 1500.

HERE COMES THE SECOND WAVE

THE WHALES ARE DUMPING BRACE YOURSELVES ! SEE YOU AT 15OO FAGGOTS

Fuck you! Jihad Wu!

>>2450366
i'm actually pretty excited to see your reactions and buy some more to hold.

>mfw bought ETH at $370

I didn't make a mistake, did I? I don't have much money left....

290 DESU
9
0
T
B
H

>>2449694
>gee where did this NEET get a lunar lambo stretch limo
>no reported income
>become the next al capone

>tfw people fell for the bull trap

>>2450400
you made a huge mistake, i bought more at $275 and again at $325 and i'm regretting it pretty bad. It's okay anon, we're in this together, hold my hand.

>>2450428
> this is a blue board, there are no bulls here

Goddamnit people. If you're cashing out and have a lot of money:

>start an LLC (will cost you a few hundred total)
>use that to introduce your money
>just pay normal business taxes

That's how all of the dope dealers did it. Went to school with their kids. Their parents sold dope in the 70's and 80's and then spread the money around to local businesses to launder it. Lumber company, two used car lots, three gas stations, auto repair shop, salvage yard, and four or five other businesses all owned by families who were in the dope trade.

>>2450400
hahahahahahahahaha

thank you man! Its people like you that make me money.

>>2450470
yea I'd rather just pay taxes than do all that work to risk getting locked up for years and have my cash seized anyway.

>>2450495
do we have to tax out for each transaction or is it just over the year? if its an over a time span thing how do I best plan it out so I save the most from taxes?

>>2450470
>tfw you finally save up to start a auto repair shop
>tfw you keep wondering how the business across the street kills it with so few customers
>how in the hell are they staying open like this?
>tfw you learn who they are
>tfw they're all over the city

>>2450531
Ever satoshi you spend creates a capital gains tax event, even if you buy another crypto as part of you regular exchange trading.

>>2450531
>https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/Tax-Tips-for-Bitcoin-and-Virtual-Currency/INF29402.html

>>2450398
well you just lost $100 in 10 minutes
hope you're happy lol

>>2449785
How many miners do you think actually pay attention to shit like this? Lots of them just set it and let it run.

DIP IS OVER, BUY NOW

DIP IS OVER, BUY NOW

!!!!

>>2450566
Depends on your tax jurisdiction. In Australia it's considered an asset so trading is considered bartering.

>>2450604
seriously?

>>2450566
>Ever satoshi you spend creates a capital gains tax event, even if you buy another crypto as part of you regular exchange trading.
it's taxed as property innit?

We've hit the bottom.

>>2450638
THERE IS NO BOTTOM

>>2450592
I meant buy more when the is over you stupid fucking nigger. I can't lose money at this point.

>>2450589
>https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/Tax-Tips-for-Bitcoin-and-Virtual-Currency/INF29402.html
>You must convert the Bitcoin value to U.S. dollars as of the date each payment is made and keep careful records.

lmao fuck that

>>2450620
look at id !!
YHWH just spoke !
Buybuy buy

Gotta love small town America

>>2449339

This guy just got 347234.34 EUR and all he had to was ask for some cash and post his wallet.

He just got more money than anyone on this board an it only took a couple minutes

>>2450694
The part that actually applies is
>If the Bitcoins are held as a capital asset, like stocks or bonds, any gain or loss from the sale or exchange of the asset is taxed as a capital gain or loss. Otherwise, the investor realizes ordinary gain or loss on an exchange.

>>2449261
bullshit but in case its true pls send me some money, pzdiddydong69_007@aol.com

>>2450638
that's what noobs actually believe

>>2449359
1DTdQYA7uPRk4R6GuEQAVqxWuDmmK3S355
All you have to do is ask?

>>2450694
Literally fuck this. I will just do taxes when I cash out

>>2450880

Taxes are designed so jews can profit.

I run a small business and I pretty much have to have a CPA do my shit yearly. It's fucking crazy.

I can see why people tax evade.

Time to get ready for some cheap coin.
Buckle up faggots.

is it safe to switch all my eth and btc to litecoin if I don't want to cash out to fiat, or is that ship gonna sink too?

Digits and it crashes soon

>>2450964
>https://bitcoinwisdom.com/markets/btce/ltcusd

AHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHAHA

>>2450964
XRP is stable

>>2449310
Normies panicking man. If you're a newfag just bought ethereum like me chill out. Ethereal is dropping because BTC is crashing.

>>2449310

I reckon around $1800.

>>2451142
then what?

>>2451163
then down to $180

>>2451180
lol

>>2451128
>i have literally no experience in crypto, but trust me, it'll be fine

I bought st 2400, already up $50 per coin in the last couple hours.

some crash.

>>2451205

Haha this fucking retard.

Keep holding while it goes down to 1600.

>>2451234
It's up another $15 per coin since I typed the last post.

>>2451251
Those are kinda insignificant gains.

>>2451278
>5% gains in 90 minutes
>insignificant

>>2449252
b

>>2451307
given the risk youre taking, it's absolutely insignificant

>>2451404
The risk is zero, I made money. Already sold for a nice profit.

>>2450401
CryptoSlayers.net

>>2449330

jesus christ that head and shoulder, wouldn't touch with a 10 ft pole

> tfw poorcel nocoiner and retruded maxilla

>>2449720
What's this can somebody explain usdt?

>>2449004
>tfw no coiner here
Feels comfy

I want this thing to burn and crash so very hard. Go red, I am on team red. w00t. *Grabs popcorn*

Whenever I see people panicking over a """crash""" I always like to have a look at the monthly BTC price chart just to have a hearty kek

>>2449770
One person

Lmao

That is literally not how any of this works

>>2450669
>fall to negative bitcoin
>The real Satoshi comes forth and claims all coin holders as his indentured servants
>Just as planed

>>2451916
yeah nobody has any perspective

>>2451917

Keep larping fag, try to get rid of those bags.

I'm not buying them.

>>2451916
lol, same. people tend to forget what its price was just 2-4 weeks ago, and dont realize that these markets dont only go upwards.

>>2449004
Losses will stop at 1900 and return to 2200
Screenshot this post

>>2451205
see you in a week anon

>tfw stuck at work and worried that I won't get home until the it bounces back up
On the other hand, this is potentially saving me from FOMO.

>>2452088
That's right!

Back to normal! Apollo 11 is green for launch!

SO when will coinbase ever fix euro card payments

>>2452088
didn't I already fucking tell you in the other thread that you don't have the full fucking price range?

Your lowest price there is 2k you autist

>>2452561
see you in 2 weeks anon

>>2451163
up again, maybe break 3500 next time. And so the rollercoaster continues.
I'm more concerned of the faggotry we will have to endure on august.

>>2449253
https://www.youtube.com/watch?v=trinU3VD1Zo

>>2449004
BUY. THE. FUCKING. DIP. FAGGOT

yaaaaay

>>2449004
>mfw dollar cost average ~850
couldnt give less of a fuck right now, im holding to the long run

What do ausfags use to trade coins?
Coinbase fucked me over

Will btc hit 1500

I hope it drops to $20 and eth drops to $10.
Imagine investing money during the big stock crashes. You'd be fuckin loaded right now.

>>2452999
coinjar
its pretty bullshit with its fees though so buy once and buy big

>>2453078
Imagine investing money in tulips after the big tulip crash

you mean stocks pull back and consolidate? you mean they dont keep going to the moon in a lambo rocket ship?
you delusion faggets are hilariously retarded i hope you all lose mommy and daddys money

>Cashed out in USDT after the $3k peak fearing the correction.

this game is just too easy lmao.

>>2453370
>EUEXvQQQ
>You QQQ (cry more)
damn, you wrecked the bagholders with that id, I bow to your skill

Can anyone explain why/if this is any worse than when Bitcoin went below 1900 less than a month ago?

>>2449770
>If even one miner decides not to update, the blockchain becomes segmented and loss of data occurs.

>>2453403
it could very well dip below 2k again, thats not impossible at all, DEF kiss anywhere 3k again lmao that ath will never be broken thats a fact

>>2453449
at this rate and considering how many normies got in trying to chase eth i wouldn't be surprised if it went to $1100

>>2453486
i sense eth could boom as well, this whole crypto shit is mad sketch, everything about it is sketch, i need more convincing and i need to see more chart history, if i do ever get in im buying a handfull of shit coins and letting them sit forever i wont even think about it, shorting nasdaq is fucking cake

>>2453523
Is this your fist ATH? consider it a right of passage.

>>2449261
yeah i really doubt you dropped $20k on bitcoin in 2013, but if you did, you're a pussy for pulling out now.

>>2449261

I believe you senpai. Spread the love around?

1EeESQrju5wFv7FH3EmHvYQZANbreBWQw8

>>2453882
500k, do people actually believe this shit?

>>2453882

he forgot to mention that in 2030 the only thing you can buy with $500k is a large pizza

>>2449098
got in last week, earned enough btc to not lose money

>mfw thousands of € waiting to be invested as soo,n as that shit goes up
Come on, drop further.

>>2449224
wuahahqhhqhaahhaha

>>2449770
shit im afraid of sabotage

>>2452999
Independent reserve for BTC ETH, then Bittrex.

>>2452999
Coinbase to poloniex to tether to aud account.

If you're below 10k then just cop the mastercard exchange rates.

If you're over then setup an interactive brokers account ASAP and convert your usd to aud.

Unless /biz/ has only been in on this crypto thing for a month, I'm not sure how any of you have lost any money.

>>2449261
Do you have the money already on your bank account?

That said, quitting your job over 1.2 million $ is retarded unless it's some kind of Mc Donalds slave job. It isn't enough to be set for life yet.

Also, pay your taxes, or the IRS WILL buttfuck you.