/biz/ - Business & Finance

how much did you buy?

>>5344299
Buy high sell low

Relax and just buy more you fucking retard. Bitcoin was 11k at the beginning of this month.

>>5344299
Don't be such a fucking pussy. The speculative bubble aside this tech is as revolutionary as the internet or the personal firearm.

>>5344299
>didnt sell at $3k profit

serves you right for thinking long term with meme currencies

>>5344299
>selling low
You deserve it

Top kek.
Fear is the biggest driver in the drop.

>>5344299
>taking investment advice from strangers on an anonymous board

Do you believe in the tooth fairy and shariablue propaganda?

>>5344299
>fucking sell it before it's too late
HAHAHAHA
BUY HIGH
SELL LOW

>>5344299
it just kept going up though, and all these beta soyboy faggots are suddenly rich as shit, so i bought in too. i hate soyboys. they owe me so much money now.

>>5344299

Holy shit you about a sixteen THOUSAND dollar bit coin?

.....fuck I'm speechless.

I told everybody bitcoins gonna crash before Christmas because it was the most obvious thing ever

>>5344299
wait until Bulgaria tries to sell off its 300,000 bc

DOWN
DOWN
WE
GO

>>5344299
>not HODLing

Jokes on you faggots, I bought in when it was at a couple hundred bucks and sold when it hit ten grand.

>>5344299
>not HODLing
pleb. you're a faggot for not buying it years ago, let a,lone not mining it yourself.

>>5344313
Speak for yourself. Today was a good day.

"I had 177k a week ago... 20k now because I use LEVERAGE this allowed me to go from 2k 4MONTHS ago to this. I Holding and can still hold on to my 20 leveraged bitcoins till this thing hits 12700 then I'm broke. But FUCK IT I will hodl till the end"

guys on reddit 40 mins ago

>buying into bitcoin after it broke 1k
I dont even pity you fucks anymore.
Pro-tip: If you have heard about it, its too late to invest
That's what, rule fucking 1 of investing?

>>5344299
Yes please sell me your bags

>>5344299
And now you owe taxes on money that never existed

>>5344299
We tried to warn you. You get in on bubbles before the mainstream starts to notice.

>>5344299
Sell and lose your money, watch it rise and be mad about how much you lost and have no bitcoin left.

>>5344299
Just wait it out, it will bounce back
Don't be a fag

>>5344299
https://www.youtube.com/watch?v=UtKADQnjQmc

>>5344302
>Relax and just buy more you fucking retard.
Sound advice

>>5344299
It will you nigger. It is low now because of transaction congestion. It also rose too sharply, this is just a correction.

Once lightning network is done it will bring rising again. There are only ever 21 million btc possible, it will be worth at least $100,000 in two years.

>>5344320

> bought at 6
> sold at 17
> faggot from nigger infested nordic shithole wont pity

wat do

>>5344326
Fuckin hell that .gif is golden. Good one mate, made me chuckle...

>>5344302

>said every state controlled industry trying to keep a price floor

>>5344299
Ah yes, here you are on /pol/, otherwise known as the business & finance board.

>>5344299

96% of bitcoin isn't even in circulation. It's just early adopters cashing out on investors.

If you want an actual crypto that has that value and will remain strong, make one that you can cash in with precious metals.

>>5344326
I'm stealing this btw

>>5344326
Ayyy nice one, saved.

>>5344328
Yup. I was telling some fanatical idiot to wait to buy btc when the next dip came. It's pathetic seeing how many idiots bought at 19k. Oh well.

>>5344334
>>5344335
>saving the micro-version
>reposting the micro-version
pedestrian
common
basic

>bitchcoin is crashing....suffer kikes...Lmfao.

Now is the time to buy actually, since it dropped significantly. It's not the first time Bitcoin has dropped like this, it will go back up, probably slower than it did before though.

>>5344302
((((You))))

>>5344337
>Oh look I only post HD-quality memes.
Might as well go to >>>/out/ to 9fag fucking Amerimutt.

>>5344302
Can you btc nerds explain to me how btc has any value? AFAIK there can only be so many transactions at once, how the fuck would something like that have value?

It just keeps getting worse

>Tax Cut Bill To Require Taxation Of Cryptocurrency Trades In US
https://www.ethnews.com/tax-cut-bill-to-require-taxation-of-cryptocurrency-trades-in-us

>>5344340

>>5344339
That's what I thought last night when it first started dropping, was hoping to be timing a dip, only lost 400 though so whatever.

>>5344343

>>5344343
>Sell
>Sell
>Sell

>>5344299
>FUCK YOU FOR BAITING ME INTO BUYIMG BITCOIN WHEN IT WAS 16k$ BECAUSE THEY SAID IT WILL GO 50k and more
That's how us coiners make money. We meme the marks into the price up then we sell.

>>5344339
>>5344345
Does /biz/ just not do it for you? Is it the layout of it or the community or something that makes you want to post about shitcoin here and not on /biz/?

>>5344299
I think we call OP a "pity whore".

>>5344299
mfw kikes lose their shekels now

Even satoshi is selling some of the first bitcoins ever mined. The entire system is overloaded, it can't handle high volumes of transactions, it is taking days to confirm a transaction.

It's a failed experiment, sell now.

>>5344342
It's only value is in the power it consumes and its limited supply. Honestly it's just priced on speculation.

>>5344352
Nah now isn't that great. If you sold at 17k+ it was nice. It will be back up to 18k+ at another time within a month. It's a great time to buy though if it ends up dipping below 10k

>>5344342
The ONLY real value bitcoin has is future value, when it is perceived to be accepted a currency. You can make money off of trading BTC, much like trading other commodities, but from a real world stand point, much like any other commodity, it's value is merely PERCEIVED.

Many other commodity's prices are perceived, but that have an inherent measurable value. Iron, Steel, or even Silver or Gold have a measurable track record to forecast prices. BTC does not have any of this, and it's final value will be based off of it's adoption as a currency (which really isn't likely).

>>5344320
No. The only rule is not to invest more than you can spend, everything else is bullshit marketing ooga booga gobbledygook.

>>5344299
Bitcoin is only worth what it's worth if you choose to sell it at any particular point. If you're not planning to sell any until $40k, then you have nothing to worry about, this is all part of the cycle up until that point. Hold, and do not sell for less than what you wish to see from it.

>>5344339
>BUY MY BAGS
literally lmaoing @ ur financial ruin rn

>>5344342
It's difficult to copy. That's literally the only reason.

Gold's scarcity also makes it difficult to copy, but at least gold is pretty to look at.

NOOOOOOOOOOOOOOOOOOOOOOOOOOO

>>5344358
>get jerb
But I don't like working.. what now?

>>5344299
It's not dying, but Coinbase is. Everyone's selling to go to Gemini.

normies who went all in on cryptos deserve to get burned

>tfw 7 figure net worth
>only have 10k in crypto
>even if bitcoin crashes to 0 i'll still get paid monthly dividends

/yawn

AAAAAAAAAAAAAAAAAAAAA

>>5344353
But it’s not in limited supply. Bitcoin just forced into Bitcash, esstenially a 2-for-1 split. Also there are competing cryptos that do the same job as bitcoin.

Bitcoin? More like shitcoin.

>he took the advice of a Antarctican sunbathing forum

lol fuck off , we're going to the moon

>>5344362
No it’s because all crypto transactions will be taxable as capital gains when trump signs tax bill into law, all transactions not just cashing out. You guys are bout to get anally devastated

>>5344369
That would make a damn good film cover.

>>5344335

POOCOINS

>>5344299
>1 post
>meme flag
I wonder who is trying to cause this to crash through panic?

>>5344299
>implying anyone takes investment advice from 4chan

Having said that, goo reminder of why you should either invest in stocks through a regulated market, or if you don't want to do that only invest in things you understand.

>>5344370
IRS already treats crypto as a capital gain, like any other currency speculation.

>>5344376

I mined around 2mil Dogecoins when they first came out and missed my chance to convert to BTC a long time ago. I'm gonna hold this crud until I or Dogecoins die at the point.

>>5344375
just diversify

if you went from 5k to 100k net worth through bitcoin and you still kept 100% of your portfolio in crypto, you deserve to get burned

if you sold off 80% of your crypto and put it into stocks you'd be sitting comfy no matter what happens to the crypto market

>>5344299
Going to be funnier when the rest of the shitcoins go down with the sinking ship, then the saviors, the good ol SEC steps on (on central bankster behalf) and issues regulations limiting or banning all crapto and making it something only their banks can issue. hahaha

Now all those greedy idiots who thought they were millionaires and "HODL'd" like the dumb fucks they are will be back on EBT...but Trump is getting rid of the welfare state next.

>>5344377
>a taxable event
That is about the most vague explanation I have ever seen.

>>5344378
>over half a billion investing in doge meme coin
always makes me lel

> It’s easier to steal bitcoin than rob a bank
> No physical manifestation of currency
> Anybody can mine = devalues it in the eyes of normies
> long transaction time

“When bitcoin catches on.” Lol.

The whole reason it went up in the past year was from rich fags hyping it up. Once it went viral they see the returns. When people start realizing bitcoin is ducking stupid, they sell.

>>5344381
>That change goes into effect on Jan. 1. After that, exchanges of cryptocurrencies “would be subject to tax at the time of the exchange,” said Lisa Zarlenga, a tax attorney with Steptoe & Johnson LLP.
>Investors typically have to pay taxes on their short-term capital gains at their individual income rates, which will top out at 37 percent next year. The preferential long-term capital gains rate -- which tops out at 23.8 percent -- is owed when such assets are sold after a year.
https://www.bloomberg.com/news/articles/2017-12-21/tax-free-bitcoin-to-ether-trading-in-u-s-to-end-under-gop-plan

KEK
It's happening boys!
I been waiting for this bitch to crash for years.
Nobody uses bitcoin anymore for transactions. The idiots thought it could hold any value if it wasn't for the value as a currency, well it doesn't. Bitcoin has actually become more shit to use as time passes, it's time it's finally put to rest and all the monopoly money millionaires get fucked.

>>5344384
And you guys will support this because cocksucking retards on here didn’t get the point of the trump meme.

>>5344346

I knew I saved this garbage for a reason.

>>5344310
What's so impressive about that?
I bought in btc (and some shitcoins) for 2000 a year ago and my 2000 were worth 40000 yesterday. Today im down to 32000. So fuckin what? I keep holding. Cause man need strong hands in times of massive faggotery.

>>5344388
your great investment is only good for a small percentage of holders at this point, so sentiments are going to vary greatly. lmao. this is a lock-in. When the price does go back up, you're gonna have another sell off of terrified people.

>>5344388
I bought at 12 cents each, sold them for 9500 after fees. I made out alright. If I had held on for an other week I could have made 50% more but 10k was my cutoff.

>>5344341
Poo in loo gandu yadav

>>5344389
>1600% roi
>lmaoing your investment cause it's high risk and volatile
>1600% roi
No shit sherlock?
Its just playtime money. 2000 is nothing. And the chances that i will lose my gains and fall below that amount are very, very low. Even if, so what, it's only casino cash im willing to lose.
Stay pleb while i enjoy my 1600% roi.
Btw, did i mention 1600% roi ("crash" losses included)?

>>5344306
I think the biggest driver is that it's a meme currency whose value is tied to literally nothing. Even the US dollar which is basically monopoly money is at least tied to our military influence. (which quite honestly is the only thing keeping our pathetic romanesque economy afloat right now) Memecoins only value was a get-rich quick pyramid scheme which people are now finding out isn't worth much.

>>5344390
Nice job leaf. See u in lamboland.
I hope you held some back and weren't a retard who sells everything at once.

>>5344299
Look on the bright side. You'll get to watch MacAfee eat his own dick.

>>5344393
Btc is backed by the energy consumption during mining and the (by current technology) unbreakable code.
Fiat is fiat. Backed by a jewish ponzi scam.

>>5344352
>Even satoshi is selling some of the first bitcoins ever mined.
I don't think that's true. He's thought to be dead. But, regardless, you are correct about the "it can't handle high volumes of transactions".
This isn't a design issue, this is a development issue. Blockstream started bracketing Bitcoin's development in 2015 by infiltrating and booting the old developers out.
And they refuse to increase the blocksize from 1MB because it likely hurts their investors who have interests in maintaining Visa/Mastercard's dominance.
Frankly, it should die. And so should every Blockstream shill and employee for ruining what was the most promising tech to destroy the Jew.

you fuckers are holding my bags lmfao

All the financial wizards thought bit coin would flop out of the gate. Yet It worked. So I don't see any one have the credentials to speculation on the currency. At the end of they day who trusts are government? Who think that paper money is not being devalued hand over fist and just wants a way out. Any sound financial security is based on diversity and never all in or out of one thing. Bit coin just gave the world the middle finger and justified its self as the new apple stock.

>>5344399
>are government
This is how you get a bubble

>>5344398
Leaf. I could be a starving and homeless living on the street, and I'd still spit on you.

>>5344355
except unlike real world commodities, this has no real world application besides a few places that accept it.

bitcoin is not just a bubble, but like a perfect example of one; it's all speculative, it's completely useless, and it's investors are the only ones encouraging others to invest and shilling it. it's sort of like a pyramid scheme now that i think about it

>>5344299
>BECAUSE THEY SAID IT WILL GO 50k and more
It's called a correction, it will go to 50k eventually, be patient and don't be such a reactionary, faggot.

>>5344402
>it's completely useless
It didn't have to - and wasn't meant to - be this way.
It's only useless now because its development was subverted and its utility deliberately destroyed so that it couldn't reach mass adoption.
Bitcoin Cash forked for this very reason.

>>5344380
Is this what nocoiners tell themselves to help sleep at night?

>>5344299
don't be a stupid nigger, bitcoin is now sold on the (((futures))) market you've been bamboozled. the point of it was to avoid jewish control and the jews have found a way in to manipulate it. good luck

Screw that. Can I put gold in a Swiss bank box without the us government trying to craw up my ass and nest like some kind of possessed butt weasel. nope Will data processing continue to be a valued commodity. yes.... Is there a potential for massive abuse by bit coin Ceo. yes.... would it any worse then the abuse ageist are dollar no. I blame are government that it is worth even a nickel,

>>5344359
>at least gold is pretty to look at

How many times does it need pointed out that gold has practical uses and is one of the most versatile metals there is? Honestly, it's like this board has some kind of retard disease. If the only reason people wanted to "copy" gold they would paint a useless piece of lead. The secret isn't how it looks, but what it's uses are. Do people think copper is cheap (in comparison to gold) because copper isn't "pretty looking enough"? If I meet any of you retards who spread these falsehoods irl I'll punch you in the fucking mouth.

>>5344408
How many times does it need to be pointed out that a decentralized, deflationary, 100% secure store of value beats gold in every aspect?

A very very very very very small minority of gold is actually used for useful things, the rest just sits around doing nothing. There is no demand for "using" gold, it's just a store of value, and a shitty one at that

>>5344407
What kind of rube puts physical gold in a bank? Your parents failed you, anon.

THANKS GUYS FOR THE SUPPORT BUT MY WIFE WILL LEAVE ME NOW.

OP HERE

>>5344411
Anon shut the fuck up and stop being a retard. Fuck your wife, bitches ain't shit

If your wife leaves you over this she isn't shit. WE WILL NEVER LEAVE YOU ANON

HODL

PLEASE HODL FOR YOUR OWN GOOD OR YOU ----WILL---- COME BACK POSTING PINK WOJAKS SAYING "OMFG I MISSED THE ROCKET SHIP TO $100k WHY DID I CASH OUT"

>>5344410 wow way to completely miss the target. 1st I said a Swiss bank 2nd you only proved my point. go play with you butt weasel friends or something.

It’ll be back to 14k in less than an hour, and up to 20k post Christmas. BTC is a good hedge for riskier Alt Coin investments within a sound Crypto portfolio.

>>5344413
The primary reason to buy physical gold is for a store of value free from 3rd party risk. Only a fool would reintroduce the same 3rd party risk to such a transaction by choice.

All you've proved is that you're either a shill and an idiot. In other words, the average bit coin "investor". Have fun with your bull trap.

Motherfuckers!!!!!!
I’ve lost all my money. All gone thanks to you btc shillers!!!! Now I have to kill myself for life insurance money or my entire family has to live under a bridge!!!!! hELP!!!!!!!

>>5344299
You need to keep you eyes on this crap.
Now, you'll need to pay taxes.
On the bright side, you might be able to claim a loss.
Here's to hoping that none of you actually topped off credit cards and second mortgages to buy into this little scam.

>>5344299
Ahahahahahahah suck shit cunt rage quit do it do it do it.

it is back to 14.5k now, re-bounce by jew/chink dip buyers to repeat pump n dump cycle?

>>5344299

>>5344299
buy high sell low is the /biz/ way

IT’LL BE LONELY THIS CHRISTMAS, WITHOUT YOU TO HODL

>>5344299

>sell

I'll hold for 1000 years out of pure spite.

I PUSH MY FINGERS INTO MY
BAAAAAAGGGGSSSS
IT'S THE ONLY THING THAT SLOWLY STOPS THE LOSS
BUT IT'S MADE OF ALL THE COINS I HAVE TO
SEEEELLLLL
JESUS IT NEVER ENDS, IT GOES ALL THE WAY DOWN
IF THE DUMP GOES ON
I'M NOT GONNA MAKE IT

>>5344772
Then you deserve the ferrari. Hands of lead

WAKE ME UP WHEN IT'S ALL OVER

>>5344364
how did you choose which dividend stocks to invest in?

I'm just on /biz/ for the salt

>$14,032 now

its going back up.

Is it time to buy the dip?

>>5345296
>the dip
This is crash.

>>5345296
dude
you missed the train like 1h ago

AND IM FREE
FREE FALLIN

>>5344313
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>mfw I had zero bitcoins because Im an expert investor

>>5345296
the dip was yesterday

GET UP COME ON GET DOWN WITH THE SICKNESS

>>5345537
it'll go lower.

>>5345492
This lmao you don't buy bitcoin other than. To get other coins

>tell people on /biz/ to cash out at the tip because obviously a crash is imminent
>nobody listens
>people call me a no-coiner faggot
>tfw cashed out half a million while you faggots cry with your pink wojaks
the fucking greed of this board

>>5345601
every newbie needs a crash to learn the lesson m8
the panic was the same in november

>>5344406
>>>5344299 (OP)
> bitcoin is now sold on the (((futures))) market
Do you even understand what are futures?
No one is trading bitcoin there
Jews just make side bets on it

>>5344302
This. You're gonna be that nigger that didn't buy Bitcoin when it went from 1k to 400 and kill yourself for selling. Just hold and reposition your average closer to the current price.

>>5344325
>delusion

>>5344325
Why the fuck would this bounce back? It's over, Bitcoin is a total shitcoin and people are starting to realise this. 'Store of value' doesn't apply to crypto, and when everything comes crashing down what will remain are coins solving actual problems.

>>5344351
>implying the kikes arent behind the crash to steal money from chinese miners and 4chan coinposters

buy high sell low baby

>>5344396
>backed by energy consumption
this is what crypto kiddies actualy believe

>>5344299
>THEY SAID IT WILL GO 50k and more
Then why aren't you just holding until that happens? (protip: it will)
You only have yourself to blame for selling at a loss.

>>5346344
>Bitcoin is a total shitcoin and people are starting to realise this
Cryptonerds like you and me maybe. But Wallstreet has just begun opening this up to normies. The crash won't happen for another year or two.

>THIS IS IT THIS IS THE END BUTTCOIN IS A SCAM

t. bitcoin has died 1,125,112,965,159 times already

>>5344355
>Many other commodity's prices are perceived, but that have an inherent measurable value
Except that isn't true

>>5344302
I literally just deposited more. Waiting and hoping for a little lower

>>5344318
>12700 then i'm broke
400 more to go.

>>5347505
>12,702
He's done for

>>5347682
There's no way to know.... but i guess the world is filled with idiots with $ signs in their eyes who have no problem taking on a huge credit to play around with. Their problem.

I went in with just 5000 and now i have 11000. I feel good.