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/biz/ - Business & Finance


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13520330 No.13520330 [Reply] [Original]

Why would anyone ever want to use bitcoin instead of just using his debit card or paypal? The whole purpose of new technologies is to be either faster or cheaper or more efficient. Bitcoin offers none of these. Its slower, more expensive and less efficient. Its only actual use case is literally just buying drugs

>> No.13520350
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13520350

oh sweet summer child
it seems you a brainlet
have a nice day

>> No.13520356

>>13520350
>They’re already here!

>> No.13520365

>>13520350
>can't refute my point
>durr u new
found the rebbit coper

>> No.13520370

i think having a decentralised currency where the people matter is a nice option-- also anonymous purchases is also another trait-- you want to buy your vpn w/ bitcoin, preferably.

>> No.13520380

There are far more stable crypto currencies to invest in. Btc is a dead man's switch. As soon as the bitcoin ceases to release mining reward it'll die.

>> No.13520383

>>13520330
>Why would anyone ever want to use bitcoin instead of just using his debit card or paypal?
>Its only actual use case is literally just buying shit you can't with a debit/paypal
My minepi ref is Nick11235 thanks for asking

>> No.13520389

>>13520330
The problem with debit and paypal and banks in general is that the IRS track everything that you deposit/withdraw, especially if the numbers are big monies.


when it comes to bitcoin and other cryptocurrencies, everything is visible to the "ledger" publicly, however the IRS and governments don't bother taxing your cryptos to hell.

instead what they do is tax your incomes(in FIAT currency) from the specified cryptocurrencies(again, not all countries do this, however some do i.e. Turkey, USA, China)

>> No.13520404
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13520404

>>13520330
Because paypal could decide to just freeze your funds and there is nothing you can do against it.
Same with Banks.

What bitcoin offers is complete control.
You control your private key you control your funds and nobody can seize them.

>but but you cannot buy anything with it besides drugs
thats not the point of Bitcoin, you don‘t go to the store and pay with a brick of gold.

>> No.13520471

>>13520404
>banks can freeze your money and there is nothing you can do about it
unless you are a criminal, that would be illegal for them to do it. Your incentive is not relevant to the average normie masses

>> No.13520505

>>13520471
> that would be illegal for them to do it
hahhahaa. oh my. my child.
have a seat. hahhaha

>> No.13520517

>>13520505
>durrrr is da ebil bank an ebil goberment jus like dat movie 1984!!
take your pills schizo boomer

>> No.13520566

>>13520471
or if you're a right winger with influence

>> No.13520579

>>13520566
literally never happened except in third world shitholes

>> No.13520591

Bitcoin will be the way to preserve your wealth when govts fall. Which will continue to happen. Or you can be a good goy and not buy bitcoin. Up to you

>> No.13520597

>>13520471
In Canada the gov't recently changed laws that you can have your money seized if the gov't needs your money to fund itself. And currently we spend a lot of money on complete garbage. Don't rule it out.

>> No.13520611
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13520611

>>13520330
Oh look, this stale bread again

>> No.13520644

>>13520597
In USA all your deposits up to 250,000 dollars are insured by the gov even if the bank goes bankrupt

>> No.13520679
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13520679

>why would anyone use the internet instead of going to the library
>why would anyone use email instead of fax or the telephone
>why would anyone use the telephone when they can write a letter or speak in person

>> No.13520698
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13520698

>>13520679
>dude what if upload our brains on the blockchainz

>> No.13520728
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13520728

>>13520698
its okay anon, your parents missed their chance to buy FAANG stocks after the bubble crashed, you're only following in their footsteps.

>> No.13520749

>>13520728
what service does bitcorn offer again? I forgot

>> No.13520772

>>13520644
The world is not just the USA bro and that insurance is only good for single points of collapse if the economy suffers a very big blow those 250k will turn almost worthless in terms of purchasing power. Guess what will keep its purchasing power?

>> No.13520793
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13520793

>>13520749
Permissionless, decentralized, and nearly instant transactions from anywhere on Earth? For instance, in Africa 30% of credit card purchases are fraudulent so nobody wants their business. Therefore, legitimate entrepreneurs are hampered. If they pay in BTC, I know the funds are secure, so I can do business with them. Example two, person runs an online business and wants to employ people from many countries. It's much easier/cheaper/faster to do payroll in BTC then it would be to convert USD into all their local currencies and send the money through the traditional financial system.

Because you don't understand it, it's probably nothing though.

>> No.13520798

>>13520772
>Guess what will keep its purchasing power?
useful assets like land, property, stocks of valuable companies like manufacturers and producers? if there is a big crisis bitcorn will crash right with it. The only reason it mooned in the first place was because the economy and stocks were booming and people gambled their extra profits on risky speculative meme coins

>> No.13520807

>>13520644
Gov't insured doesn't mean anything when the gov't falls retard

>> No.13520813
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13520813

>>13520471
You don‘t need to be a criminal to go to prison or get your funds seized.
Plenty of people end up in court and go to prison and they are innocent.

or they could just say:
>we have seen suspicious activity on your bank account and your account is freezed now good day mister

There is thousands of reasons why they could stop you from getting your money.

Or like in greece when their economy was fucked and the banks only allowed people to withdraw 50€ a day.

>> No.13520822

>>13520579
Executive order 6102

Also just google "paypal froze my account"

This shit absolutely does happen and it's naive to think it can't get worse. Having a currency outside the purview of central banks is valuable

>> No.13520843
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13520843

>>13520644
until they aren't my sweet delicate flower
you have many history books to read my precious cherub
now shhhhh time to sleep

>> No.13520854
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13520854

>>13520793
>instant transaction
LMAO, thats a good one
>muh poor africans and pajeets
that just makes your argument even worse desu
>it's much easier/cheaper/faster to do payroll in BTC then it would be to convert USD into all their local currencies
in order to spend these money they would still have to convert it back to their local currency, so you haven't accomplished anything

>>13520807
>yea its jus like zimbabwe n venezuela bro
>>13520813
really? give me an example of anyone in a non third world shithole ever getting his account seized for no reason at all
>>13520822
paypal is not a bank though. If your local bank freeze your money you can just walk there and demand explanations. If they froze your money for no reason you can sue them for more money
>>13520843
take your pills schizo boomer

>> No.13520895
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13520895

>>13520854
>brainlet doesn't know most traditional financial instruments take WEEKS to clear
>wah my BTC transaction took an hour!

>in order to spend these money they would still have to convert it back to their local currency
Yes, which is instant, as opposed to the days or weeks it would take to send them their local currency.

>> No.13520905

>>13520854
>paypal is not a bank though
Well sure, but it is a popular payment system for online vendors. And if they arbitraily or mistakingly freeze your accounts and assets, it sure would fuck your shit up if you were reliant on that income stream, no?

So What if somebody developed a payment system that was not regulated by some centralized body? No one person could arbitraily freeze addresses and stop payments and just randomly fuck your shit up.

You also didn't address my other points. What is executive order 6102? Might it be advantageous to have a currency outside the purview of central banks and their inflationary fiat monopoly money?

>> No.13520954

>>13520895
>durr take week to clear!!!
really moron? what kind of pajeet bank are you using? because when I buy something with my card or send money from paypal it takes 1 sec to go
>>13520905
>but what if they make a mistake!
the same way paypal can make a mistake you can make too. How many billions btc lost from wrong address inputs? how many billions lost from lost keys? how many billions lost from hacking? bitcoin offers no more security than your traditional bank, it offers less security. Paypal and your bank are tangible companies that you can sue and demand legal actions against them in case there is a mistake, with bitcoin there is 0 insurance for anything

>> No.13520998
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13520998

>>13520954
Same as having zero confirmations. That payment is still fully reversible for several weeks. Likewise, if zero confirmations is okay for the transaction, a BTC transaction will appear in seconds. As a consumer drone living in the West, this makes little difference to you, but it's a big difference for merchants and global business.

>the same way paypal can make a mistake you can make too.
tl;dr freedom and personal responsibility is too scary for you

>> No.13521025
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13521025

>>13520854
>really? give me an example of anyone in a non third world shithole ever getting his account seized

https://www.bankrate.com/credit-cards/wells-fargo-nationwide-outage/amp/

>need money urgently
>can‘t access it because bank fucked up
>JUST

>> No.13521027

>>13520954
It doesn't really have to be a mistake though. A central body could ban or freeze accounts for any sort of reason. Things like paypal and patreon freeze accounts for political reasons all the time. They are careful to phrase it as "violating terms of service" but it is absolutely political. It's not like they are being objective about who gets banned, at the end of the day it is a person who makes the decision and people are prone to all sorts of biases and irrational thinking.

Yes, bitcoin shifts security and responsibility to the user. It is a trade anon and it will i think come down to how much you trust the central banks and govt. To decide where you land on how you feel about it. Learn more about the fed, these people are not your friends. Having currency outside of their control is worth the draw backs. The fiat dollar is inherently completely worthless. Inflation has killed like 90% of it's purchasing power since the federal reserve was created

>> No.13521055

You get to keep your own money.
It's cash under the mattress that you can send around the world in a second.
Also, you can program it to do stuff.

>> No.13521071
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13521071

>>13521025
Forgot other Link
https://www.washingtonpost.com/news/wonk/wp/2017/04/05/the-irs-took-millions-from-innocent-people-because-of-how-they-managed-their-bank-accounts-inspector-general-finds/?utm_term=.b11a93049b38

https://www.forbes.com/sites/instituteforjustice/2015/05/05/irs-seizes-over-100000-from-innocent-small-business-owner-despite-promise-to-end-raids/

https://www.infowars.com/gov-targets-private-bank-accounts-seizes-funds-of-innocent-americans-without-charge-or-trial/

https://ij.org/press-release/san-diego-cops-seize-innocent-familys-life-savings-using-civil-forfeiture-laws/

https://www.dailysignal.com/2015/05/11/the-irs-seized-107000-from-this-north-carolina-mans-bank-account-now-hes-fighting-to-get-it-back/

>> No.13521076

>>13520330
I can't pay more than $300 from my debit card without having to make phone calls to my bank. I can move thousands of dollars of crypto without jumping through hoops.

>> No.13521102
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13521102

>>13520998
>tl;dr freedom and personal responsibility is too scary for you
you don't get it do you? it doesn't matter what I think. It matters what the masses think. If its not normie-proof it will never have mass adoption and it will never achieve anything more than being the currency of drug dealers, criminals and schizo doomers
>>13521025
>the bank had a temporary outage
how is this anything even close to "the bank seizing your money" dumbass?
>>13521071
>infowars
>dailysignal
nice sources u got there boomer. u found them in your facebook feed?
>>13521027
again.. the average normie is not political. I never argued that bitcoin doesn't have any use, the point is that its only use cases are very niche and small, no use case for mass adoption.
>>13521076
except.. in order to pay for $300 in crypto you need to first send $300 from your debit card to buy crypto.. so you are back in square one

>> No.13521123

>>13521071
SCOTUS recently put drastic limits on civil forfeiture laws

>> No.13521139
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13521139

>>13521102
> If its not normie-proof it will never have mass adoption
>if the internet isn't normie-proof from its inception it will never have mass adoption
>>13520679

>> No.13521160
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13521160

>>13521102
Fact is government, banks and police can take your money whenever they want.

https://www.vox.com/platform/amp/policy-and-politics/2017/12/1/16686014/phillip-parhamovich-civil-forfeiture

https://5newsonline.com/2016/06/08/ohp-uses-new-device-to-seize-money-from-bank-accounts/

https://www.washingtonpost.com/nation/2018/09/01/police-seized-couples-cash-they-couldnt-get-it-back-until-they-went-public/

https://www.greenvilleonline.com/in-depth/news/taken/2019/01/27/civil-forfeiture-south-carolina-police-property-seizures-taken-exclusive-investigation/2457838002/

https://mic.com/articles/119998/police-took-16k-of-drug-money-from-an-innocent-man-because-of-random-things-in-his-car

With Crypto this can‘t happen.
Thats why it is superior.

>> No.13521166
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13521166

>>13521139
and how will bitcoin become normie-proof? by using easy to use secured centralized normie-friendly exchanges that also insure your money? so... a bank? back to square one brainlet

>> No.13521178

>>13521160
if police and government wanted they can just throw you in jail. no need to get your bitcorn that they could find saved in a txt in your laptop anyway

>> No.13521180
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13521180

>>13521166
Better UI/UX, multi-signature wallets, perhaps even unforeseen improvements. I wouldn't have predicted Google inventing spider crawling algorithms to fix the problem of finding content on the web.

You really lack an imagination don't you?

>> No.13521183
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13521183

>>13520330
You are naive.

>> No.13521188

>>13521178
they can throw you in prison AND take your money
or
they can throw you in prison and not take your Bitcoin.

should be easy to see the advantage of crypto here.

>> No.13521197
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13521197

>>13520404
>bitcoin
>fungible

>> No.13521207

>>13520330
because with bitcoin you can transfer value instantly from the middle of the Sahara to someone in the jungle in South America without going through the banking system and without kyc. No banking products offer that.

>> No.13521208

>>13521188
or they can torture you until you give them the key, which lets be real only 0.1% of people can memorize a key anyway, the rest will have it in their stick or laptop that will get confiscated

>>13521180
thats the whole point. the only way to make it secure and normie-proof is to centralize it, thus defeating its entire purpose

>> No.13521228

>>13521208
Not Bitcoins fault when you are too stupid to hide your keys properly.

>or they can torture you
please provide sources of police in a 1st world country torturing people to obtain their private keys.

>> No.13521238
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13521238

>>13521208
>the only way I can think to make crypto more user friendly is to centralize it
>THEREFORE the only way is to centralize it

again, you lack an imagination

>> No.13521252
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13521252

>>13521208
>they can torture you until you give them the key
Only if they know you have something in the first place, and I'd imagine, only in a third world shithole would this even be a threat (but could be a real one, I agree).

>> No.13521256

>>13520954
>really moron? what kind of pajeet bank are you using? because when I buy something with my card or send money from paypal it takes 1 sec to go
the absolute state of retards kek

>> No.13521272

>>13521228
>government isn't evil enough to torture you for your bitcoin keys
>but government is evil enough to just steal your bank money
you don't make any sense schizo. is the government evil or not?
>>13521238
why don't you offer us your imagination then buddy? where are the dex? they don't exist, and will never exist. Don't you get it brainlet? your whole premise is an illusion
>>13521252
>only in a third world shithole would this even be a threat
yeah.. you are starting to get this. only in a third world shithole there is use case for bitcoin
>>13521256
>no argument
found the 30 iq brainlet

>> No.13521350

>>13521272
they can't torture you for your keys if they don't know that you have em.
again, its not Bitcoins fault if you as the user are too retarded to hide your keys properly. smarten up nigger.

>> No.13521371

>>13521350
and how you brainlet you gonna get bitcoins without a trace? you gonna buy them from a pajeet you found on the street with cash?

>> No.13521393

>>13521371
Bitcoin ATMs, start mining yourself, buy from people you know.
there is many way to get BTC without a trace, but even if there is a trace you can still just claim you got hacked and lost access to it. nothing they can do about that.

>> No.13521415

>>13521393
really buddy? tell me how much of your portfolio you bought it from people you know, or from bitcoin ATMs? I bet 100% of your portfolio is from coinbase

>> No.13521440

>>13521415
I don't answer questions about my portfolio.
ever heard of OPSEC you dumb nigger?

>> No.13521459

>>13521440
oh, my apologies, of course a pajeet neet with 300 dollars in link and eth will not give his info away otherwise you will get vanned by FBI and NSA

>> No.13521493

>>13521459
could happen to anyone you clueless nigger
never reveal your portfolio to anyone.

>> No.13521587

>>13521371
it will be easy when bitcoin is recognized as global digital gold everyfuckingwhere in the world. Small villages in all 3rd world countries will know and accept bitcoin. That's the future absolute retard.

>> No.13521589

>>13521272
>only in a third world shithole there is use case for bitcoin
Look, we get it. You work for a bank or something. Just close this tab and move on. Nobody wants to spoonfeed you their personal reasons for being as off the grid as they can be in this day and age.

>> No.13521605

>>13520330
Why would a merchant ever accept an AMEX credit card at 3% fee to the merchant when they could accept bitcoin?

>> No.13521632

unironically bullish that there's still a need to explain the benefits of decentralization, op is a based retard

>> No.13521648

>>13520644

for the UK it is 40k gbp ‘insured’, but if you read the t&c it says they can choose to not pay out iirc.

>> No.13521655
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13521655

>>13521587
yes retard, a nigglet in congo will accept bitcorn after you overthrow the government with crypto magic
>>13521589
wow we got a baddass off the grid anon over here. hope you are under 7 proxies to hide your secret location
>>13521632
>still can't name a single benefit yet claims there are
found the 20 IQ brainlet

>> No.13521677

>>13521655
Calls other people brainlet.

>> No.13521723
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13521723

lets see all the use cases all the retards in this thread gave me

>dumb schizoid global apocalypse doomer scenarios
>third world shitholes under totalitarian gov
>drug dealers and other criminals

so far 0 use cases for the average masses of first world countries

>> No.13521726
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13521726

>>13521655
it has nothing to do with overthrowing the government you stupid cunt. global digital gold. something that can be used by 3rd world pajeet with a cellphone. commerce possible with everyone in the world. free flow of capital anywhere in the world. but i get you dont get it intellectual midget.

>> No.13521738
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13521738

>>13521726
i agre sir! we need bittcon bcause of all those poor pajeets! this is gonna revolushionize the way pajeets poo! do the needful sirs

>> No.13521804
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13521804

>>13521723
>unhindered global commerce is not a use case because Indians annoy you on the internet
enjoy being a luddite, same type of personality that couldn't envision the effects the internet would have on the world.

>> No.13521852
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13521852

>>13521804
>poor pajeets that cannot even afford to open a bank account
>global ecommerce
>its just like the internet
its almost as if you are trying to look dumb. might as well just invest in the Indian stockmarket if you like pajeets so much

>> No.13521877
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13521877

>>13521852
I hope you can maintain this level of smugness throughout the next crypto bullrun :)

>> No.13521880

>>13521852
it's not a favor to the pajeet moron. it will just be global money the elites have been dreaming about for decades. you wont need to forex before going abroad for vacation because everybody will accept bitcoin.

>> No.13521917
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13521917

>>13521877
I am betting a lot of retards like you will pump it again and I will be there to dump it on you again. making profits off retards has never been easier (:

>> No.13521922

>>13520365
do you have any idea how many newfag brainlets come here asking to be spoonfed? Nobody cares what you think, and nobody is going to give you legitimate information if you come here specifically to bash BTC instead of actually wanting to learn. THAT is why he called you a brainlet.

Nobody wants to sit here and explain in detail why _____ is a good vessel for your money when there are quite literally hundreds of people like you every week.

>> No.13521931

>>13521922
>too dumb to answer the question
>hurr im just too busy posting braps on that other thread durrr
sure pajeet

>> No.13521949
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13521949

>>13521917
>Why would anyone ever want to use bitcoin
>im gonna dump on you!!!
so... you're holding BTC? lel your troll is falling apart

>> No.13521952

>>13521931
Enjoy the cope when you're left behind. The only people too dumb to make it are people like you who base your information off what someone on an imageboard says. Enjoy your FUD thread loser lmao

>> No.13521975
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13521975

>>13521949
gambling for short term =/= long term investment

I thought a veteran financial trader like you would know the difference :)

>>13521952
>projecting this hard
lmao. I bet you threw all your wagecuck savings on meme coins. I bet you expect your life to begin when your shitcoin moons. I bet your entire life is just wasting your time waiting for the magic chart to go up. I bet crypto mooning is your only chance of not having a failed poor life. Imagine the cope

>> No.13521991
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13521991

>>13520330
>Bitcoin offers none of these. Its slower, more expensive and less efficient

It also offers the foundation technology to release the quad metals backed new notes.

Have you seen them?

https://www.youtube.com/watch?v=nmtw8grnnUM

>> No.13522028
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13522028

>>13521975
>now he claims he's a trader and a gambler
lel, someone's gonna be part of the 99% retail traders who go broke within their first year

>> No.13522046

>>13522028
don't give OP any hints just let him think he's right. /biz/ wouldn't be the same without people reeeeeing in all caps on the front page when they miss out

>> No.13522074
File: 100 KB, 640x427, 1401572884831.jpg [View same] [iqdb] [saucenao] [google]
13522074

I bet OP works in the traditional payment processing industry and is shitting his pants becoming soon irrelevant. that cunt is hilarious

>> No.13522087
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13522087

>>13522028
>>13522046
>>13522074
the only retards that go broke are the brainlet neets like you that throw their wagecuck money in bitcoin because its their only long shot of making it but you will have to sell at a loss when its time to pay the rent while I will be there at the bottom to get the scraps and then dump you again when you fomo. This is what bitcoin is, an eternal pump and dump for poor brainlets to give their money to whales

>> No.13522102
File: 350 KB, 610x661, 6875f9f4d789439147fb18d2dbd63e21.png [View same] [iqdb] [saucenao] [google]
13522102

>>13522087
>im a very successful crypto whale!
>which is why I've spent the last 3 hours on a mongolian basket weaving forum arguing with strangers that bitcoin will fail
give it up, nobody is taking you seriously

>> No.13522109

>>13520404
Secure should be Non-existent because exchange can steal your crypto, and you can get hacked at any time.

>> No.13522139
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13522139

>>13522087
desu all of this just comes off as projection, I work a pretty decent job and put a nice chunk into non shitcoins that I am confident in. In fact I just did a nice swing that made me $500, nothing too fancy but it's better than getting cucked wondering what's going to happen like you do. I already sold and have multiple buy orders set for the upcoming dip

It almost sounds like in some pathetic attempt to get e-cred you're describing what you've done yourself
>I am betting a lot of retards like you will pump it again and I will be there to dump it on you again
You at one point owned BTC like I did so I don't really see what the point of this thread was. Unless you just sold at a loss yourself and now you're pooper peeved at your own stupidity. But you'll just reply with some generic laughing pic again. Remind me again how someone can be a NEET and a wagecuck at the same time?

>> No.13522143
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13522143

>>13522102
You seem confused. Let me explain, price action =/= success. Bitcoin can pump to the moon tomorrow, that doesn't make it any more successful as it was before. In fact, the more bitcoin moons, the more volatile and useless as a currency it becomes and the less vendors will accept it. You are stuck in a loop of endless pump and dumps, a continuous ponzi scheme in which the only winners are the ones that don't give a fuck about the coin and want profits and the losers are dumb redditors like you that "are in it for the tech dude"

>> No.13522157
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13522157

>>13522139
>no u
nice comeback brainlet
>Remind me again how someone can be a NEET and a wagecuck at the same time?
its the classic wagecuck neet bitcoin trader
>you wagecuck
>buy bitcoin
>stop wagecuck
>bitcoin dumps
>wagecuck again
at what phase are you now?

>> No.13522159
File: 99 KB, 380x349, 1543591415211.png [View same] [iqdb] [saucenao] [google]
13522159

>>13522143
>ignores my point entirely
>doesn't understand emission scheduling
>claims to be a cryptowhale

>> No.13522171
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13522171

>>13522157
You can't help yourself from projecting, can you?

>> No.13522194
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13522194

>>13522159
>claims to be cryptowhale
I am a whale just not a cryptowhale. Only gamble with a fraction of that in crypto, because I am not retard that goes "all in"
>>13522171
>no u are projecting!
at least try to think of something new to say brainlet. your seething couldn't be any more obvious

>> No.13522209
File: 1.05 MB, 1394x1608, 1541610253988.jpg [View same] [iqdb] [saucenao] [google]
13522209

>>13522194
>because I am not retard that goes "all in"
>dumb redditors like you that "are in it for the tech dude"
>your seething couldn't be any more obvious
Keep the projection coming

>> No.13522222
File: 13 KB, 300x241, RoXKNzi.jpg [View same] [iqdb] [saucenao] [google]
13522222

>>13522209
>repeats the exact same reply again
classic coping mechanism

>> No.13522223
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13522223

>>13520330
>>13520471

Bitcoin is for millionaires that want to avoid the government in the next recession, they usually use gold in those cases, but because of our complete surveillance system it's impossible to keep your gold outside of our reach, we will suppress the gold price so bitcoin will seem a quite good alternative.

What we did was making bitcoin with SHA-256 backdoors so when the recession hits, billionaires will be confiscated once anyway, making possible to avoid a leak of assets going to the east to asia (china or russia)

Then we will freeze up bank accounts and the masses won't be able to do anything at all, just obey the martial law or die

>> No.13522236
File: 34 KB, 403x448, I+miss+seeing+brainlet+comps+_e11fc5a92af753c9fffd6a0ad043fcf5.jpg [View same] [iqdb] [saucenao] [google]
13522236

>>13522157
>im so smart guys look at me!!! xDDD
>lol u wage cuck me big brain whale!
Are you capable of reading? This is a pretty obvious LARP, nice backpedal on your own stupidity. You're either a wagie or a NEET, and your "cycle" is one of the dumbest things I've seen. The only way you would have came up with that yourself is if you have lived it.

Here's my prediction
>be OP
>see cool new e-money talked about on reddit
>OMGOMGOMG NEW PARADIGM!!!!
>go all in on BTC at $15K
>It goes to $20K and you think you're a millionaire
>quit job immediately
>now bagholding your """investment""" because you bought the top

>>13522194
>only gamble a fraction of that in crypto
oh hey look, I was right. Buy high, sell low right?

>> No.13522244

>>13522222
I'm gonna go get some pizza. I hope you're still this angry when I come back. It must be frustrating to LARP as a whale.

>> No.13522259
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13522259

>>13522236
thats awfully specific anon, its almost as if you are literally describing your own life.

>>13522244
have fun wagecucking poorfag

>> No.13522280

>>13522259
>no response of substance
looks like I hit the nail on the head, better stay out of crypto when the next recession hits. Seems like something a smart le epic whale such as yourself would do

>> No.13522286
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13522286

>>13522259
>>13522194
>no u are projecting!
>at least try to think of something new to say brainlet. your seething couldn't be any more obvious
>>13522259
>ur projecting!!!!!!!!!!!!!!!!!

Why does eating pizza make me a wagecuck? You have a lot of pent up anger for a financial whale. Also you've now spent 4 hours arguing with strangers.

>> No.13522295

You can search this guy's brainlet filenames for all of his archived threads. His posting style is very obvious. Sometimes he picks on bitcoin, sometimes monero, or just crypto in general. It's always very nonsensical and, ironically, it probably has the opposite of his intended effect as it unites and educates anons. It's like a really elaborate psy-op LARP that keeps backfiring.

>> No.13522298
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13522298

>>13522280
>>13522286
>all that butthurt
topkek. poor bagholders really are the easiest people to mess with

>> No.13522302

>>13522295
>that keeps backfiring.
maybe thats the idea behind it?
or mental illness.

>> No.13522322
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13522322

>>13522295
>>13522302
oh look, detective pajeets here are uncovering the deep jewish banking conspiracy that is after their meme coins! don't worry sirs, your bags are safe!

>> No.13522324

>>13520404
>What bitcoin offers is complete control.

No you're not:

1) If you buy a product online with crypto and the seller sends a defective product, there's no way for you to get your money back.
2) If someone discovers your key, you'll have no way to stop people from withdrawing all of your crypto to their own wallet.
3) If the network is down, your funds are lost forever.

>> No.13522338
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13522338

>>13522298
here's your final (you), enjoy projecting your insecurities. I just told you I dumped my bags for the dip but I guess you're too stupid to read and I don't talk to niggers.

>> No.13522350
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13522350

>>13522338
>brainlet got BTFO and now leaving
wow, neat

>> No.13522361

>>13522324
>1) If you buy a product online with crypto and the seller sends a defective product, there's no way for you to get your money back.
Smart Contracts solve that Problem.

>2) If someone discovers your key
not the fault of the network. Hide your Private Key better.

3) If the network is down
Bitcoin network was never down so far.

>> No.13522413

>>13522361
>>13522361
>not the fault of the network. Hide your Private Key better.

That's fucking retarded in this day and age. It's no different than holding 100% cash in your wallet. What if someone holds a gun to your head and demands you give him the key?

>Bitcoin network was never down so far.

But what if it goes down? With banks, they have back ups which they easily restore. But with Bitcoin, if the network's gone everything's toast.

>> No.13522449

>>13522413
>That's fucking retarded in this day and age.
Its absolutely necessary to keep your funds as safe as possible and with Bitcoin and crypto its possible for the first time in human history.

>It's no different than holding 100% cash in your wallet.
you can split your crypto into multiple wallets. no need to hold everything on one address.
you can make as many wallets as you want.

>What if someone holds a gun to your head and demands you give him the key?
You don't even come into that situation, thats how.

>But what if it goes down?
It won't go down, if some miners close their shop it will become for someone else profitable.
as long as the internet will exist so will BTC and crypto.
If the internet is down for real then you have bigger problems anyway.

>> No.13522492

>>13522350
>35 posts by this ID

The absolute state of this asshurt nocoiner faggot getting BTFO lmao

>> No.13522526
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13522526

>>13522492
>durrr
lmao the poor brainlets seething for their bags are hilarious

>> No.13522626

>>13520330
Banks and paypal have inherent problems.

1. Paypal will often lock your account, or ask you to KYC so the gov can tax you, or steal your money because of a customer complaint. They will often boot you from their platform just cause they feel like it.
2. Banks require you to go IRL and make an account, then they'll get hacked and freeze your account. If you have too much money, they'll start asking you where it came from and to pay taxes on it.

Those are extremely annoying things that are getting worse and worse, not better.

Crypto solves that. Sure, currently crypto is slower, more expensive and accepted almost nowhere, but we're betting that the technology and adoption improves.

It's kind of like email. Back in 1990, sending an email was not better than sending a letter or fax. Look at where we are now.

It had the potential to become better, and it did. Same with crypto.

>> No.13522641

>>13522626
other problems with banks:
• government devaluing the currency
• government seizing your assets if you get sued or arrested

>> No.13522668

>>13522626
bitcoin doesn't solve KYC. You still need KYC to the exchange to buy crypto. DEX are not a thing and never will be for the average normie that won't use 10 proxies in a netcafe wifi from his used cellphone

>> No.13522699

>>13522668
>bitcoin doesn't solve KYC
It does solve KYC right now, and even more in the future.

I can sell something for 10btc now, then sell those 10btc for cash to a friend.

And in the future where crypto is accepted everywhere, I can just sell something for 10 btc, then keep it in BTC and buy things with it when I need to.

It's currently too complex for normies to do so. But so was email in 1990.

>> No.13522750

>>13522699
>And in the future where crypto is accepted everywhere
and how will that happen without KYC? will the average person go trade btc with cash on the street with random pajeets instead of just doing KYC on a normie exchange and simply click buy?

the whole premise of BTC is a fallacy, the only way to have mass adoption is to centralize it through regulated exchanges, but that goes against its entire purpose, but if you don't do it, it will never have any mass adoption thus failing. Its doomed either way long term

>> No.13522765 [DELETED] 

>>13520330
>Its only actual use case is literally just buying drugs
Is this an old copypasta from 2011?

>> No.13522772

>>13520330
when you use paypal that's not your money. you're using fiat. it's not your money. it's dangerous to think that it's your money.

>> No.13522779
File: 172 KB, 1000x563, me_on_the_right.jpg [View same] [iqdb] [saucenao] [google]
13522779

>>13522750
>>13522750
The long-term answer is that crypto is currency. Why would you need fiat and KYC if everyone transacts in crypto? You don't need to "cash out" if you can make everyday payments with crypto.

>> No.13522781

>>13522750
incorrect. You dont need KYC to earn crypto, you just need a job that pays in crypto, or to sell goods and services and collect payment in crypto.

It's extremely easy for business to pay employees in crypto. Simply collect payments in crypto for your biz, then pay employees in crypto.

I have bad news for you... your IQ is low.

>> No.13522783

>>13522765
>8 years later, its only use case is still just buying drugs
makes you think
>>13522772
when you use bitcoin, thats not money. you are using imaginary meme coins. its not money, its dangerous to think meme coins are money

>> No.13522785

>>13522449
>Its absolutely necessary to keep your funds as safe as possible and with Bitcoin and crypto its possible for the first time in human history.

How is it safe when you have to exclude very common situations like armed robbery and information theft? When you make a lot of wallets, the robber is just going ask for the keys to all of your wallets. Once your crypto is spend by the robber, it's gone forever. There's 0 insurance unlike with banks.

>It won't go down, if some miners close their shop it will become for someone else profitable.

That's what makes it unsafe. When too many miners shutdown, you'll end up with a small network and greatly increased vulnerability to hacking (like 51% attack).

>If the internet is down for real then you have bigger problems anyway.

The Bitcoin network shutting down has no effect on the internet except freeing up bandwidth.

>> No.13522820

>>13522779
> Why would you need fiat and KYC if everyone transacts in crypto?
you still don't get it. How will everyone adopt crypto if they don't first convert their money to crypto first? how will companies start selling stuff in crypto if you don't already have crypto to pay them with? bitcoin wont magically just "get adopted"

>> No.13522853

>>13522783
well it's a protocol that generates neutral worldwide money; you should get some to save yourself in the future, unless you like being controled and a slave, it's ok to like this, everyone can't be equal

>> No.13522872

>>13522853
and what makes bitcorn more valuable than bitcorn cash or bitcorn gold or bitcorn sv or bitcorn diamond or bitcorn cuck or bitcorn blue or bitcornZ?

>> No.13522873

>>13522785
>That's what makes it unsafe. When too many miners shutdown, you'll end up with a small network and greatly increased vulnerability to hacking (like 51% attack).

wow i wonder if difficulty would drop and new people would decide to earn free money that would be a really cool idea someone should email btc hq

>> No.13522880

>>13522820
Your first argument is that it doesn't solve the KYC problem. You're incorrect. It does.

Your second argument is that it will never get mass adoption because you *currently* need to KYC to get it. No one knows if crypto will or will not get mass adoption, just like no one knew email or internet would get mass adoption. Your argument is no proof. It's just one of the hurdle it has to overcome. Cars had hurdles to overcome too. So did the internet.

KYC is actually a tiny hurdle compared to scalability of the tech.

>> No.13522897

>>13522872
why can't I just fork facebook and become a billionaire overnight?

>> No.13522903

>>13522785
>How is it safe when you have to exclude very common situations like armed robbery and information theft?
don't make yourself an easy target.
Criminals usually go for the lowest hanging fruit, don't be the lowest hanging fruit.

>When too many miners shutdown
it wouldn't happen.

>you'll end up with a small network
this also wouldn't happen.

because if some miners leave the network some others will join because it becomes more profitable for them.

> (like 51% attack).
If someone had the funds for this then it would make more sense to participate in the network and profit more from it. do you understand how incentives work?

>The Bitcoin network shutting down has no effect on the internet
you got that wrong, as long as the internet exists Bitcoin will exist.

>> No.13522914

>>13522872
because BTC survived the test of time. It was never compromised and it works. People trust BTC thats why it will remain the King.

>> No.13522931

>>13522872
bitcoin is more valuable than those others because it's by far the biggest network, the more known, the more resilient, ...
it will forever be the first, and it certainly helped. it's the accepted #1. like internet is the accepted #1 network. except bitcoin has unit of values inside the protocol.
also compare the price, simply. higher price means more valuable, who would have known

>> No.13522952

>>13522880
>Your second argument is that it will never get mass adoption because you *currently* need to KYC

thats not my argument. my argument is that the only way to get mass adoption is with KYC, which would defeat its entire purpose. There is no possible scenario to have mass adoption without KYC

>>13522897
you can. thats why there are millions of websites instead of just 10
>>13522914
BTC still has devs. People can stop trusting those devs and go to another coin. You don't get it, that is the entire of decentralization. There will always be thousands of shitcoins competing with each other and never "one global coin for all", thats the opposite of decentralization. Companies will each make their own crypto, they wont buy your bags because "dude le shitoshu nukamoto"
>>13522931
or, its the most popular because it happened to be the 1st one and thats what normies found first when they googled it. Still doesn't make it any more inherently valuable

>> No.13522959
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13522959

>>13522783
>you are using imaginary meme coins. its not money
So what is money? Seems money is an agreed medium of exchange for goods and services. It's not any less real than fiat money.

>> No.13522973

>>13522959
>Seems money is an agreed medium of exchange for goods and services
exactly. and how many goods and services you can buy with these money? very little. You can probably find more vendors that accept zimbabwean dollars than bitcoin

>> No.13523002
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13523002

>>13522973
You just said it's not money. Now you're willing to concede it is money? Interesting.

>> No.13523005

>>13522952
>thats not my argument. my argument is that the only way to get mass adoption is with KYC, which would defeat its entire purpose. There is no possible scenario to have mass adoption without KYC
You are extremely low IQ.

1. Plenty of things require KYC and got mass adoption. Like paypal and amazon.

2. It doesn't defeat the purpose at all. You can KYC one time, then you have some and don't need to KYC again, and can enjoy the other benefits of crypto, like not having your account shut down and having to re-KYC every few months.

You are not a smart person. Your arguments are dumb. You will definitely die poor.

>> No.13523049

>>13522952
>or, its the most popular because it happened to be the 1st one and thats what normies found first when they googled it. Still doesn't make it any more inherently valuable
normies will never get bitcoin, to be honest I don't think bitcoin will be used by them, it's mainly good to automatize trust and make employers save infinite money on the long run, thanks to algo being able to measure and process a single neutral value worldwide; though, it can still be used by them directly, anything can happen.

it's the 1st one that appear for a reason. being the 1st doesn't makes it more valuable, it gaves a huge advantage, that is used properly, and managed to be on par with its expectation. bitcoin is still up and running despite worldwide neverending attacks, it proved it strength like I said, and from now it's only getting stronger, like internet, but money has more power still. so it's wise to own some of those bitcoin.

>> No.13523062
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13523062

>>13523005
>1. Plenty of things require KYC and got mass adoption. Like paypal and amazon.

exactly dumbass. and those are heavily centralized businesses. It doesn't matter if bitcoin is decentralized if you can only buy it after you do KYC from a centralized exchange. If you throw roses on shit, its still the same shit just with roses

bitcoin will either become centralized through exchanges or never become adoption. choose which one you like

>> No.13523070

>>13523062
>ignoring my post
stopped reading

>> No.13523079

>>13523049
of course its wise to own some, I am certain retards and deluded people will pump it again, and will get dumped again

>> No.13523096

>>13523070
>>13523002
literally everything can be money. your shit can be money if you find a shit eater to accept it. doesn't mean its good money

>> No.13523097

>>13523079
>t. only responds to posts when he thinks he can sound smart

>> No.13523112

>>13523097
already responded to your dumb post, which was one of the dumbest of all I had to reply to so far

>> No.13523113
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13523113

>>13523096
Ah yes, "good money." Please, do tell, what attributes of "good money" does fiat currency possess? I'll give you a hint; scarce definitely isn't one of them.

>> No.13523120
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13523120

>>13523096
>>13523112
>its not money
>literally everything can be money
pick one retard

>> No.13523133
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13523133

>>13523113
>Ah yes, "good money." Please, do tell, what attributes of "good money" does fiat currency possess?

I can buy stuff from literally every single vendor on earth. What is your shitcoin good for? buying fortnite skins and heroin? lmao

>> No.13523137

>>13522903
>it wouldn't happen

Why won't it happen? All it takes are government bans, increase in the cost of electricity, loss of profitability, or some other venture being more profitable than mining and running nodes.

>If someone had the funds for this then it would make more sense to participate in the network and profit more from it. do you understand how incentives work?

If the network is small enough, you don't need that many funds. There's also the case where people aren't attacking for monetary reasons.

>you got that wrong, as long as the internet exists Bitcoin will exist.

The internet existing has nothing to do with Bitcoin network existing. People have no obligation to run the Bitcoin network it's no longer profitable.

>> No.13523141

>>13523062
>warosu search filename
>this guy admits he's a trucker in some old thread
Don't you have a truck that you should be driving, Mr. Brainlet trucker-whale? Top fucking kek. Should have stayed in school, Cletus.

>> No.13523152

I've skimmed through the thread and so far, no one has told me what we can actually buy with it (regardless of whether that's the point of the coin).

What can be bought with BitCoin? Close to nothing?

>> No.13523159
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13523159

>>13523120
>replying twice to the same post
don't seethe so much brainlet
>>13523141
thats the 4chan saved image code brainlet. just how new are you here pajeet?

>> No.13523162
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13523162

>>13523133
>already forgot our discussion about global commerce

>>13522783
>>13523096
>its not money!!!!!
>literally everything can be money

>>13523141
LEL no wonder OP is projecting so hard about wagecucking

>> No.13523179
File: 201 KB, 528x498, 1476587067699.png [View same] [iqdb] [saucenao] [google]
13523179

>>13523159
>hurrr if I post r*ddit memes maybe they won't notice me contradict myself
>its not money
>literally everything can be money

>> No.13523196
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13523196

>>13523162
are you the one that said poor pajeets in mudhuts are gonna fuel the next ecommerce boom using bitcoin? lmao. don't even have to make any argument for you

>> No.13523216
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13523216

>>13523179
>durrr there is an amazon tribe that uses shit flakes as money. therefore bitcoin is money too!! bitcorn is just like shit!! durrr!!

>> No.13523236
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13523236

>>13523196
>im literally unable to refute your point
>>13523216
>its not money
>literally everything can be money

>> No.13523254
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13523254

>>13523236
>its money
>you can't actually buy anything with it

>> No.13523271
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13523271

>>13523254
>its not money
>literally everything can be money
>still can't pick one
Just bought my pizza with BTC :)

>> No.13523305
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13523305

>>13523271
>Just bought my pizza with BTC
wow so cool and edgy anon! what else can you buy with your meme money?

>> No.13523327
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13523327

>>13523305
>you can't actually buy anything with it
>its not money

>> No.13523342
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13523342

>>13523327
>bitcoin is not useless!! you can buy drugs with it!! also...sometimes pizza!!

>> No.13523343
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13523343

>>13523327
What's the point of having a currency that fluctuates very wildly only to be able to buy things that people on welfare consume?

lmfao

Not that guy and I agree it's money, but it's a steaming pile of shit.

Good luck getting a GF.

>> No.13523385
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13523385

>>13523342
>the internet is useless!!!! its been out for 10 years and I can't even use it to watch anime porn in 4k
its just embarrassing at this point to watch you squirm around pretending to be a rich whale when you drive trucks for a living. At least it's the weekend, wagie!!! still almost 48 hours until you have to get back in the truck
>>13520679

>>13523343
>more projection

>> No.13523392

>>13521139
Is her arm supposed to look like wiener? Cause it does..

>> No.13523396

BTC is useless for "inside" (that is transactions that are carried out in a single country using a single currency) transactions, but it is actually much much quicker in cross-border transactions, it probably takes a day or two even in the EU to transfer money from one bank account to another, and with BTC all you have to do is wait 10 minutes on average and bam, transaction done. If you need something even quicker, use NANO, DOGE, LTC, XRP, XLM- all much much quicker than traditional methods of cross-border money transfering, the meme that the quickest way to move money across borders is to fly a plane with cash on you is still true unfortunately

>> No.13523403
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13523403

>>13523385
>wagecuck projecting
oh you sad fool. I bet you think bitcorn is gonna moon soon and you gonna have to stop wagecucking. bitcorn aint gonna save u bud, you will wagecuck until you die

>> No.13523405

>>13523392
Yeah, pretty funny eh anon? Feel free to save that one for your personal collection

>> No.13523415

>>13523396
Oh and also not all countries have instant transfer settlement like in the UK. For example Poland has 6 daily transfer settlement sessions, 3 for outgoing transactions and 3 for incoming transactions, you can only receive money the next day at the earliest so BTC would be much quicker in this case

>> No.13523428
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13523428

>>13523403
Nope, I have a regular job and about 5% of my portfolio in crypto. We'll see another run in 2022, but still looking at 10-20+ years until the world runs on crypto.
>he's still projecting this hard
you must have a very sad life anon, I'm sorry.

>> No.13523465
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13523465

>>13523415
yeah.. thats why we pay stuff with debit and credit cards that are instant not wire transfers
>>13523428
>I have a regular job
so.. you are a regular wagecuck? lmao
>about 5% in crypto
wow.. you don't seem very confident anon. I thought bitcorn is the future global currency, shouldn't you be at least 90% in? even you deep down you know how shitty it is. Have fun flipping burgers forever buddy

>> No.13523927

>>13521371
word of mouth, telegram, whatsapp. You are very uncreative and assume everyone else is dumb like you

>> No.13523940

>>13523927
>I am gonna buy bitcoin without a trace from these centralized and traceable apps I just mentioned!
lmao brainlet

>> No.13523956

>>13523940
messges are end-to-end encryted on both apps and do I even need to explain word of mouth. You are a special kind of brainlet, aren't you?

>> No.13523978
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13523978

>>13523956
and how are you gonna buy bitcoin from telegram you moron?
>yes sir, please sent 200 dolar and i send u back 4 bitcoin sir, i very trusty sir

>> No.13524012

>>13523978
You arrange a meeting. Really, how fucking retarded are you? Literally a 5 yo could've figured this out, brainlet

>> No.13524025

>>13524012
>imagine being so dumb thinking anyone will arrange a meeting with a random pajeet from the internet to buy bitcoin instead of just buying from an exchange
just how fucking retarded are you

>> No.13524064

>>13524025
bro, you buy from someone you know, not from some random Streetshitter. It will be difficult at first, but it becomes a smooth process as you start building trust with them. I don't expect an autist like you to understand this concept though

>> No.13524095

>>13524064
yes pajeet yes, its gonna become a global currency fueling the world economy, but you can only buy it from your friends from telegram. can you even hear yourself

>> No.13524155

another bull signal

>> No.13524168

>>13524155
this. people are still in denial phase, they are gonna pump it again before the dump to 1k

>> No.13524185

>>13524168
what would make the hashrate go that low?

>> No.13524198

>>13524185
weren't you guys saying that miners wouldn't let it drop below 6k?

>> No.13524211
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13524211

>>13524064
FYI: you're arguing with someone who drives a truck for a living and claims to be a whale in the markets

>> No.13524217

>>13524198
who is 'you guys' ?
also I just opened the chart for BTC/USD shorts and it's still high, could get a ton of liquidation still

>> No.13524231
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13524231

>>13524211
projecting your wagecuck job anon? what kind of truck are you driving my financially impaired friend?

>> No.13524251
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13524251

>>13524231
Also he's been arguing in this thread for 8 hours. Anyone can verify this >>13524211 I won't tell him how though because then he might be an iota less retarded.

>> No.13524271
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13524271

>>13524251
>35 posts by this ID
lmao. I like how I BTFO you several times and you stopped replying to me, but you still stayed lurking in the thread because you are seething as fuck. keep coping poorfag

>> No.13524647

i just noticed
have you really been on this thread arguing all day?
>05/04/19(Sat)13:01:34 )
8 hours and 58 minutes ago
holy shit

>> No.13524712
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13524712

>>13524647
>8 hours and still nobody has managed to present a single legit argument to defend his bags
holy kek

>> No.13524828

>>13523159
No. Unique filenames are generated when you SAVE an image, not when you post them. Every single instance of your archived brainlet image filenames is one of your idiotic troll threads.

>> No.13524884
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13524884

>>13520330
>But black dynamite, I sell drugs in the community!

>> No.13525129

>>13520566
well fucking said.

>> No.13525493

>>13520330
You are a brainlet if you think it is going to replace fiat anytime soon or that the banks would ever allow us to escape the fractional reserve banking system. That would be extremely anti-semetic.

Bitcoin/crypto has value outside of DNM
>Digital cash
>Store of value
>Easy to set up
>you have full control
>internationally accepted
>can be untraceable (Privacy does not mean you have something bad to hide)
>0% fraud risk accepting it.
>Limited supply
>0 counterfeiting

It is very valuable for shithole countries and if you are a USA le 56% iqlet who has never traveled or paid attention in history class then you will find it hard to understand. Also the ZOG house of cards is not sustainable.

>> No.13525997
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13525997

Cope: the thread.

You have missed it bear, you cope. Now wait till 20k to fomo in.

>> No.13526065
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13526065

>>13524712
>65 posts

you must be raking up them shekels

>> No.13526080
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13526080

>>13524712
just got back from actually doing something interesting with my weekend to see this loser still on 4chan lel. did you own those zoomers yet? You didn't spend all day here did you?

>> No.13526098

>>13520330
your idea of payment is a waifu pillow on amazon or tendies at the corner store, no wonder you can't see the value

come back when you need to settle 6 figure transactions between subsidiaries in different countries, then you'll see the value

>> No.13526332

>>13520579
>>13520471
>>13520517


literally happened to Alex Jones, look it up. he didn't do anything illegal except have the wrong political opinions

>> No.13526642

>>13520579
Naive AND retarded
You’re quite the prize pig

>> No.13526660
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13526660

>>13520854
>Discounting the entire African (specifically south african) market over the muh africa memes
You do know that its an entire continent right? The whole place isnt just a walking south park meme made of huts and dirt
The absolute state of biz

>> No.13526674
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13526674

>>13520330
Money in the bank is not yours. You are on the books. They can simply freeze your account for 12 months and see ya in the Court. There is no ownership in digital state currency. You either hold cash or meme coins because how do you timely and privately send cash someone? Dumb ass.

>> No.13527043
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13527043

>>13520330


>>13520330


Spot on OP!

Pic related if you really want to make it

>> No.13527138
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13527138

>>13526080
lmao this butthurt loser saved the thread just to continue his coping. How was the wagecuck shift wagie? did you dance well?

>> No.13527161
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13527161

>>13526332
>>13526642
>>13525129
>muh alex jones
It didn't happen you morons. I bet your only source infowars. If his shitty website didn't get banned what makes you think his bank got frozen fucking retards?
>>13526660
how much have you invested in african stockmarket again?
>>13526674
>durrr

>> No.13527252

>>13520330
Because governments ban access to foreign currency normally under you live in a first world nation.

Nearly everyone in latin america , africa and a great part of asia and even europe has experienced currency controls at some point in their lifes.

It´s more common than you even think.

>> No.13527311

>>13527252
I literally never heard of that happening to a normal person. Why would they ban your transactions unless you are a criminal? also, if they wanted to ban it they could just ban all exchanges and crash the price. Why haven't they yet? because they don't care as long as you KYC and you aren't a criminal

>> No.13527487

>>13527252
I'm in South America, and at least here in my country, we've always had free-floating exchange rate. I believe only venezuela and Argentina, which happen to be the most tyrannical commie countries have had currency pegs in recent history

>> No.13527637

>>13520611
Pedro denies the truth and therefore believes what he espouses is the truth.

Listen to Pedro.

>> No.13527661
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13527661

>>13520330
>Its slower, more expensive and less efficient.

>> No.13528721

>>13520404
>What bitcoin offers is complete control.
You control your private key you control your funds and nobody can seize them.

Which also makes it risky af, the more it is used by the public the price goes up but at the extreme cost of having government eyes on it. The most bitcoin is used the less any of these bonuses matter because the powers at be(and will always be) would not allow adoption without their complete control

>> No.13529052

>>13528721
this. the only reason bitcoin is still a thing is because everyone has to buy it through regulated centralized exchanges, which defeat the whole purpose of it

>> No.13529504

>>13520330
That’s not how money works. You keeping thinking in terms of a product

>> No.13529513

>>13529052
Not true at all. Dumbest person on earth by a long margin. Thread is trash.

>> No.13529567

>>13529513
>no argument
thanks for contributing brainlet