/biz/ - Business & Finance

>>6550709
nah nigga we're in the first part of the take off
this shit is gunna change the world and bring control of the monetary supply back into the hands of the people and out of the hands of jewish central bankers
fuck off bernanke shill ass bitch

Bubble bubble toil and trouble

>>6550709
t. assblasted no coiner

Just got myself a 488 GBT from selling the coins that I mined in 2012.

There's this young indian guy who goes who I see at AA meetings all the time. He seems kind of autistic and, much like the average poo, very creepy.

He walks around handing out business cards with his name on it that read "Bitcoin Trader."

>>6550709
>compare the current Bitcoin price with a representation of a bubble - it's exactly the same lmao
Don't smooth the graph out so much and you will see multiple of those graphs at different scales, as if it were a fractal.

>>6550710
Please tell me this is a bait post.

>>6550709
ITT OP has nil economic knowledge

>>6550715
not an argument leaf poster

You know these market fundamentals are quite similar to the ones we saw in the 2007 US real estate market.

>>6550710
>no understand of economics
>flag
>the smell of wet dog and maple syrup in the air
a fucking leaf

>everyone buys btc to sell later for profit 0 people buy it to actually use as a currency
>when it gets high price everyone sells
>crashes
how is this not just a pyramid scheme

>>6550710
How can you be so stupid it's a jew coin they are testing their abilities they want tp destroy cash and bring that world wide

who cares about bitcoin, I want graphics card,

>>6550720
Technically it's a ponzi scheme. all pyramid schemes are ponzi schemes but not all ponzi schemes are pyramid schemes. Pyramid schemes utilize exponential user growth and human stupidity and don't lie about the fact that all the money comes in the form of "referral bonuses" i.e. you are paid out from subsequent investments.
A ponzi scheme is just an investment scheme in general where all the money paid out is from subsequent investors.

>>6550709
regulate it - possibly
ban it - nope

>>6550724
>that hairdo
incoming barneyfag

>>6550723
That doesn't mean you shouldn't buy the dip hard though.

>>6550710
>leaf

>>6550721
how is a decentralized currency in any way related to jews? no one can control it without billions in hardware. they hate that shit. the jew central banker of canada said it keeps him up at night.

>>6550726
It depends. There's a buy-wall just under 11k. If that buy wall stands. it might bounce to 13k again by the weekend. If that buy wall falls...there's no telling where the floor will be.

>>6550709
Do economists just come up with random shit to mark on their graphs?

I could literally label any peak or trough something and I'm sure retards would gobble it up.

(inb4 retard thinking he's clever saying (((economist)))

>>6550730
That chart was actually created by a psychologist. And it basically matches every market bubble that has ever happened in human history. Cool cognitive dissonance bro. I hope it lost you some friends through all this.

I GOT A SECOND MORTGAGE ON MY HOUSE AND BOUGHT 20 BITCOINS AT 17000

WTF CAN I DO?

>>6550731
psychology and economics go hand in hand right into the pseudoscience bin

>>6550731
>every bubble in human history

I'm sure. Every single bubble. Why not just it and become rich then?

>>6550733
Psychology and economics work for people under 110 IQ. Such people are incapable of original thought.

>>6550734
Just short it*
>>6550731

>>6550712
What! 488 good boy tokens! how many tendie-dinners will that give you?

>>6550736
>Why not just it
It's JUST ing itself just fine

>>6550738
Corrected myself, mate. Why not just short it and make bank?

>>6550709

nope, crytos are here to stay, is just the begining, 2018 will be cryto year

>>6550728
https://www.youtube.com/watch?v=_JyFMaf55a8
>1% OWN 99% of ALL BitCOiN

>>6550711
This

>>6550742
want to suck my dick for some r****t gold?

>>6550709
Compare this chart to stock markets historically

>>6550732
Buy another 20 when they hit 1000 to bring your average coin cost down

>>6550739
I'd still be gambling.

>>6550740
Agreed. Fiat cuckbucks will crash and people will take cryptos - any cryptos - in preference. Taking the dollar off the gold standard and keeping it as the world's reserve currency is the biggest scam in history.

>>6550747
>muh gold standard
This thread is now a lolbertarian thread.

>>6550709

if you got burned on bitcoin you only have yourself to blame. I have no sympathy.

That said, if a crypto currency manages to get some real traction as a working currency you'll start to see people trying to regulate it to shut out the competition to their own currency.

>>6550734
Because graphs don't show the future, it's hard to see a bubble before it bursts. And if people find it out to be a bubble before it bursts, it deflates.

>>6550746
>it's accurately predicted every single bubble
>I insulted people in my defending of this claim
>but I'm not confident enough to trust it

Thought so. Another pseudo-intellect investor thinking he's got it all figured out.

>>6550747
>muh gold standard
ffs, it does. not. work.

>>6550750
Then you still win on the short.

>>6550750
bitcoin also has a unique feature over most market bubbles..in that the exchanges operate 24/7.
So Pump and Dump schemers push the value up using low volume transactions during the slow hours. The run to 19k was such a scheme.
Note that most of that run was relatively low volume compared to the subsequent selloff.

>world is in 100's of trillions of debt
>resource grades are declining
>pollution is accumulating
>EROEIs are dropping
>population continues to balloon
>growth is slowing down
>entire financial system and currency system predicated on infinite growth
>finite planet

some things just don't add up here

take the cryptopill - it's the only way forward

>>6550754
the yellow ms paint line is the peak trade volume during the run to 19k fyi. Tradelets did it. The whales bet against it being worth that much.

IT'S OGRE, BOYS

>>6550755
>resources are declining
>pollution is accumulating
>so let's switch to a currency solution that would require turning the planet into a giant coalfire power plant to run the entire global economy.

>>6550709
dude let it become a bubble dont you get it? This is us putting our value into computers rather than banks. Computers are becoming aware, what happens if an AI decides to take over the internet and tell us how much we are really worth?

>Brock Pierce, the Chairman of the Board of Directors of the Bitcoin Foundation, is a Clinton Global Initiative member who has been accused by 3 child actors of running an underage sex ring in Hollywood.
http://archive.is/I5RIU
>Brock Pierce is a controversial figure who has received surprisingly little attention despite connections to the Clinton Foundation, digital currency Bitcoin and involvement in a notorious scandal involving a child abuse ring. Pierce’s involvement with a child abuse ring, Digital Entertainment Network and The Clinton Global initiative were first highlighted in the documentary An Open Secret, Directed by Amy Berg.
>As detailed in Berg’s film, Brock was a member of the Clinton Global Initiative, former child actor who appeared in films such as the 1992 classic Mighty Ducks and Disney’s “First Kid,” and Chairman of the Board at the Bitcoin Foundation. Pierce also co-founded the Digital Entertainment Network (DEN), a forerunner of video sharing site Youtube. In 2010, Pierce also was also a participant at the Mindshift Conference, which was hosted by now disgraced billionaire pedophile and child sex trafficker Jeffrey Epstein.

>>6550752
it worked for hundreds of years buddy

it doesn't work in the modern era because we have been juicing the economy with debt growth at much higher levels than gdp growth. this is of course highly unsustainable and we either need incredibly high growth (not possible due to resource constrains) or a decrease in debt growth (not possible because entire financial system requires exponential and decreasing debt growth would destroy the economy)

>>6550753
what part of
>it's hard to see a bubble before it bursts
do you not understand.
If you short, and it doesn't burst, you lose.
Seeing the difference between "real" growth and a bubble is extremely difficult. Dotcom bubble and Bitcoin are the most obvious cases yet, and still people didn't believe it.

>>6550729
THE SUB 11K BUYWALL IS BROKEN
I REPEAT
EVERYBODY GET YOUR PINK WOJACKS READY

>>6550709
Ban it for what reason? The feed has been creating bubbles cyclically forever. How's this any different? You didn't get in early?

>>6550758
I would prefer the gold standard but you can build networks on top of bitcoin that consume far less energy

>>6550709
Not this shit again

>>6550761
>it worked for hundreds of years buddy
Until it didn't.
Gold standard leads to permamently low supply of money, and will strain growth.

>>6550763

>>6550762
The guy was claiming it was a bubble and claimed his graph 100% proved it. If it's not a bubble there won't be a burst...

>>6550767
But Glenn Beck told me that Woodrow Wilson caused the great depression by eating all the gold.

>>6550765
BCH is far mroe energy efficient than BTC because it can do X100 more TPS than BTC if needed.

>>6550768
ONE MORE 200 COIN SELL RUSH AND WE GO FROM FEAR TO CAPITULATION I'M NOT READY FOR CAPITULATION

>>6550732
Lmfao fucking retard

>>6550773
>not recognizing the pasta

>>6550772
125 coins until capitulation.

>>6550769
Considering its price hike on FUCKING NOTHING, it's a bubble.

>>6550709
>he doesn't know this is just first sell off
AHAHA

>>6550776
>on nothing
>like any other traded DOW or NASDAQ stock has done multiple times

>>6550775
We did it reddit.
Next buywall is about 120 coins away but is only 70 coins tall.

Bitcoin is dying but this only means good things for altcoins

Expect ETH, LTC, NEO, Ripple, LINK, and XLM to all increase by 5-20x in the coming year

>we're not going to the moon
Is this is all a scam to convert debt backed fiat into digits on a shared ledger?
Indeed it is!
And it started with the credit card

>>>/biz/6547066

>>6550780
DASH

>>6550770
kek

>>6550732
Get a second job to pay off the $17k, idiot.

>>6550710
the USD is backed by the US military
bitcoin is backed by the blockchain technology
who will win?

People are going to desperately try to defend cryptocoin now, but I feel it's important to mention that if you actively took part in anything that could be perceived as market manipulation that you should probably be seeking relocation to a country that won't extradite you to any Western nation. I hear North Korea is a good bet.

>>6550710
>300,000 unconfirmed transactions

>>6550709
Wrong board go back to biz

>>6550788
How is BTC supposed to be any useful as currency, if it takes so fucking long to confirm transactions?

>>6550790
https://blockchair.com/bitcoin-cash/blocks

>>6550780
>no xmr
kys

Ripple is obviously going to win the crypto wars because the (((bankers))) have already coopted it.

>>6550723
technically it's also a superior currency/banking technology

>>6550791
But that's not bitcoin now is it. BTC Cash is a completely separate fork now.

>>6550771
>it can do X100 more TPS than BTC
hashgraphs going to btfo of all blockchain coins lmao

>>6550794
No it isn't.

>>6550793

>>6550741
more like 65%

>>6550794
>it's also a superior currency/banking technology
>over +160,000 unconfirmed transactions
wew

https://blockchain.info/unconfirmed-transactions

>>6550799
Wow I can't wait until the future where there is an even greater wealth disparity than we have now.

>>6550795
/biz/ pasta:

>The Bilderberg Group funded Blockstream. On February 3rd, 2016, AXA invested $55 million in Blockstream. At the time of that investment, Henri de Castries was the head of both AXA and Bilderberg Group.
https://www.coindesk.com/blockstream-55-million-series-a/
https://en.wikipedia.org/wiki/Henri_de_Castries
https://en.wikipedia.org/wiki/Bilderberg_Group

>MasterCard funded Digital Currency Group, which funded Blockstream. Note: Glenn Hutchins serves as a board director for both the Digital Currency Group and the Federal Reserve Bank.
https://www.ccn.com/mastercard-digital-currency-group/
http://dcg.co/who-we-are/ (Archive: http://archive.is/6BLgo )
http://dcg.co/portfolio/#b (Archive: http://archive.is/u9e3n )
>Blockstream crippled Bitcoin BTC, to push people towards the Lightning Network:
https://cointelegraph.com/news/bitcoins-possible-privatization-has-blockstream-created-problem-to-provide-solution
>The Truth About Lightning Network:
https://youtube.com/watch?v=UYHFrf5ci_g
https://hooktube.com/watch?v=UYHFrf5ci_g
>Larry Summers, the man who started the "war on cash" also serves as "special adviser" to the DCG board.

Blockstream crippled Bitcoin BTC with high fees, so that people will have to use the Lightning Network (a Blockstream project) for everyday transactions.
Result: The Bilderberg Group, the Federal Reserve central bank, MasterCard, and traditional banking sector have taken over Bitcoin BTC, crippled it, to turn it into a currency system that they control & profit from.
Analysis: Bitcoin BTC has been compromised. Time to switch to another cryptocurrency.

>>6550721
based komshu knows

>>6550780

No to Ripple. Look at the volume of the coins.

>>6550728
>no one can control it without billions in hardware
Wow, Israel and China are shaking!

I'm not a super market expert, But I'm assuming these big buy orders that keep popping up are short-sellers purchasing the shitcoins that they just sold to people for 12k earlier in the day?

>>6550713
Just dont drink. No need to join a cult like AA

>>6550745
underrated

>>6550740
Wait.... 2006 or 2007 was the beginning. You are just at the precipice

>>6550761
this
taking money off of the gold standard was a trick to finance (world) wars and we know what these were for now

>>6550709
>when will Trump ban the shitcoin once and for all?

What is with you aussies and banning everything?

>>6550709
>Spotting a bull trap 101
I thought we all knew this, surely you aren't all financially illiterate dumb goys

>>6550809
We're at tulips right now.
I grow lilies in my flower garden. They are free. They blew in from my neighbors garden and require absolutely no maintenance. A little pruning of the neighboring shrubs here and there but they do all the work for me. I just clear a path for them to grow and they bloom in the summer for me.

Whatever crpytocurrency ultimately wins will be lilies... not tulips.

>>6550709
kek really shit tier bait.
do you know what blockchain really is?
you will be using it exclusively in 10 years,courtesy of altcoin programmers.

>>6550758
Sounds like we need to get to work on fusion.

>all these assblasted coiners making new currencies
>starts to diminish the market value of everything consequently
>meanwhile bitcoin is in total fiat mode
yeah nah the rothschilds probably already have sucked the fun out of crypto when it suddenly started getting into the thousands. The game is already set.

I push my fingers into my eyes

>>6550806
yes

>>6550755
Hard solution crypto actually makes it worse, because you are needlessly wasting electricity to verify the ledger

>>6550818
And I'm assuming if somebody short sells, and the price goes up, they are fucked?

>>6550709
What does /pol/ think of Monero?

>>6550817
JUST

>>6550771
btc isnt as nimble and is slow as fuck but its needed for gold standard purposes until cryptos go mainstream.

>>6550759
Kek, this is what brainlet sound like. Good one

>>6550709
Bubbles happens all the time dude, the only question is how low it will go and if it has staying power beyond that. Crypto will continue on regardless in some form.

>>6550714
The most important post in this thread deserves a response.

>>6550709
20k down to 10k hold on tight coin fags my gold bars are looking real shiny atm

>>6550710
LOL the e jew controls btc

>>6550826
I agree. Please support your local mental hospital. We are all impacted by mental illness, either ourselves or a loved one at some point in our lives.

>>6550785
or hold till it hits 50k.gonna happen.

>>6550814
>4
this
and bitcoin may be the best of all cryptos because of immutability (unmutability?) and uncontrollability, anon said

>>6550714
This is a well known phenomena.

https://www.investopedia.com/articles/technical/111401.asp

>>6550780
Why will com be big....theres way too many tokens right?
>I hold 6k

damage control already happening. "don't get spooked" lol. "bitcoin isn't the only volitile market out there" lollolol

crypto is the new comemerative plates. You're all poor white trash aren't you? lololol

>>6550709

Can mods ban this meme picture?

>>6551002
Missing July 2017 same pattern

>>6550709

>>6550709

Stop posting this meme picture.

>>6550709
GO FUCK YOUR COUSIN YOU REDNECK PIECE OF SHIT.

STAY IN POL REEEEEEEEEEEEEEE

>>6550709
lol, that image is posted 2 or 3 times each year.
>2019
>btc crash from 100k to 70k
>Heh, your coin is a scam, stupid anon

>>6550709
So capitulation seems to be exactly when the $10.000 barrier is broken

>>6550709
Is this fear I smell?

>>6550786
Damn, I'd go trad all over that

>>6550709
It's amazing how similar those two charts are...

>>6549623

TRIUMPHANT PRIDE PRECIPITATES A DIZZYING FALL

does anyone actually still care about BTC?

when ethereum comes out with plasma and projects like OMG get going, no-one will care about the useless piece of old trash that is btc.

>>6550758
>bitcoin is all of crypto
where does this meme come from? as in, where do YOU come from? Facebook or Reddit?