/biz/ - Business & Finance

>>395499
the rise of bitcoin is drawing near
the crash of mt gox was bad but we got passed it and we now know what not to do, failure is a vital part of advancing, keep your spirit high we the people will rise

You can trade with USD on Cryptsy now.

>>395499
i'm kind of a pissy, doughy nerd who resents things that make me feel stupid, so i'm gonna go ahead and say that bitcoin (or as i irreverently call it "poopdoodoocoin") is never going to be anything

>>395542

bitcoin has it's niche techy audience

however it will never be used for day to day transactions, unless the USD completely shits itself and the US itself breaks apart

K, another merchant that lets you barter with bitcoin. Stop the presses.

http://www.forbes.com/lists/2011/21/private-companies-11_Neweggcom_GPM6.html

pwnd

Where's the guy who always argues against bitcoin and says it's centralized. All the while spouting retarded ignorant bullshit.

>>396329
>Implying there isn't a ton of different people on /biz/ that thinks Bitcoin is shit

>>395499
FUCKING FRENCH BASTARD WHERES MY $15 k?

>>395499

They convert it all into cash at the end of the day, just like every other business that "accepts" bitcoins.

>>396399
exactly, they want to make more money from the bittards without having to deal with bitcoins

>>395499
nice

>>395499
How long until he's found dead with both of his knees beaten to a pulp?

>>395499
So that explains the sudden boom in value. Thank you newegg.

>>396420
Is there anywhere we can betbit on how much time he has to live?

>>396399
>>396403

What's your point? More adoption and more acceptance means bitcoin wins.

>>396428
There is now
http://markkarpelesdeathwatch.allalla.com/

>10% discount on GPUs paid for with bitcoins

>>396614

And there's your problem. This is neither acceptance nor adoption. Newegg doesn't want bitcoins. That's why they're using bitpay to convert the coins into cash without ever touching a btc.

>>396614
>Being this disillusion
how did things get so bad?

are these people desperate for a break because they dumped their life savings into BTC or waht?

>>396632
Just deal with, quit acting like a Manlet and deal with it, you remind of those old farts that thought piracy would end with a lawsuit on napster.
It's over man, get onboard or get left behind. That's it no need for all this drama.

>>396637
Learn to spell retard.

>>396642
lol

>>396639

Why do btc supporters always use this sad arguement? Is this what you do when you have no rebuttal?

>>396646
because we don't even give a shit about convincing you at this point. it's like if someone was crying about how apple or google makes so much money and it shouldn't happen -- who cares fuck off your bullshit prescriptivist theories have no bearing on reality.

if you still don't understand why shitting on bitcoin and theorizing on why you're right is the most retarded thing ever, look into the Green Lumber Fallacy. while your points ostensibly are related to bitcoin, your points are fairly irrelevant, much like the color of the lumber the Green Lumber guy was making mad dosh on.

>>396664
>>btc supporters are this delusional.

>>396677
i'm really really curious as to what the motivation behind btc supporters are

is it they want to feel like they were on the bleeding edge of the 'new universally accepted currency' or something?

i doubt they have that much money to invest so they can't be riding 100+ks into btc

maybe it's they have so little they hope btc actually jumps to 1 million or something?

it's fucking nuts, I do not understand it at all and wish somebody would explain to me why these guys bleed for BTC

>>396694
Naw they're just mostly kids who invest their lunch money into it thinking they're investing in their future. It's actually kinda sad. Bitcoin is the new MLM scam where old money fucks the poor out of what little bit they have.

>>396694
you in 1993-2003:
>i'm really really curious as to what the motivation behind Internet supporters are
>
>is it they want to feel like they were on the bleeding edge of the 'new universally accepted communications network or something?
>
>i doubt they have that much money to invest so they can't be riding 100+k into yahoo or google
>
>maybe it's they have so little google shares they hope GOOG actually jumps from a million dollar private company to multi-billion dollar market cap or something?
>
>it's fucking nuts, I do not understand it at all and wish somebody would explain to me why these guys bleed for the internet
they're playing shuffleboard in the common room, grandpa.

>>396699
here's the key difference: if anyone said that in 1997 someone who was a supporter of the internet could, in less than 1min, change that guys perception because the applications the internet was bringing were amazing

so

please explain how you can defend that btc isn't anything more than a niche market

>>396711
>hurr durr the internet is just a fax machine
fuck off, are you seriously this retarded?

>>396717
lol these kids man

>>396699

Everyone and their mother can pretend their investment will be the next google and pretend everyone else is a fool for not agreeing. Btc is play money, and no matter how much this hurts you it will never be real money. You guys are the next beanie baby investors, not the next google investors.

>>396777
Its funny how bitcoiners don't see that bitcoin probably wont become the main crypto, if any at all, it just has way too much bad history.I just think a lot of the people pumping it right realize this, and are just trying to make as much money as possible from the all retards they recruit to buy it.

And if google or any other major tech company would make its own crypto and advertise the shit out of it, bitcoin and all the alts would die.

>>396804
>>396777
and they use ad hominem to defend their belief that btc is the absolute future, and people should 'deal with it'.

they ignore reason/fact, and believe no matter what it will work

i just don't get it

>>396806
>and they use ad hominem to defend their belief that btc is the absolute future, and people should 'deal with it'.
Complains about ad hominem attacks
>they ignore reason/fact, and believe no matter what it will work
makes an ad hominem attack

>>396777
Play money? Its the only way to buy illegal drugs online, and i doubt that's going to end.

>>396848
if you refer to my post as an individual statement, sure, but friend i'm gonna have to remind you that that's not how a thread of discussion works.

lol r u guys serious this is the most advanced money system ever created we now don't have to use banks it is a incredible step forward for earth my only problem with bitcoin isn't bitcoin it self its the mass people. I don't think they have the capability to hold on to there own money or understand crypto in general.
i am the youngest in my family (im 22) and when i talk bout bitcoin they look at me like im crazy and keep telling me that nothing will beat the system they use now that 'its to strong' haha i just laugh at them

also we have hit around a 9 billion market cap in 2014 and bitcoin is still a baby just give it time to improve and evolve

>>396777

>BTC is play money
>people want to pretend their investment is the next google

Lel even google investors didn't see the growth that BTC investors did if they held over 2 years or so

Unless you're trying to tell me my 1000% gains aren't good enough for you

Also it's not play money when people willingly exchange 650 dollars of real money for them, and vice versa

Even Russia is reversing it's stance on bitcoin

First Peter Schiff, now Russia. What's next CHINA?

The silent train of technology adoption continues chugging towards the moon.

http://rt.com/business/170112-russia-may-legalize-bitcoin/

Can't argue with FACTS and LOGIC you tarded no-coiners, but I know you will try.

>>396949

It's the greater fool theory. People used to pay fortunes for tulip bulbs too.

>>396925
That's a good point, like the internet it's going to take years to fully utilize and adopt and educate. Another consideration is people don't like change, they resist it, that's why it took a while for people to buy cellphones etc etc even when they weren't bricks.

>>396949
Don't mistake speculation with investment, from the shear size of the bitcoin market alone it could rival failing Greek banks, but based on scales to measure the worth of a bitcoin is proving much difficult to value.

>>397135

Btc trades mostly with other btcs and not for goods and services. Even the biggest retailer that uses btc only got 1.6m in 5 months, with btc sales significantly dropping after the first two months.

>>397113

According to your own article, it says russia may reverse it, not that it is. The fact that you took this as is reversing is just another sign of btc delusions.

>>397113
I don't know, I can't see third world countries jumping on the BTC train, because once you allow your people to buy it most of them will trade all their money for BTC since most of their currencies are hugely unstable.

>>397144
What tipped you off, the title?

Russia MAY legalize bitcoin. Reading comp m8