BTC breaks 1k and continues business as usual

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BTC breaks 1k and continues business as usual Anonymous Sun Jan 1 16:53:13 2017 No.1700471 [Reply] [Original]

Still the more BTC rises the more cope threads appear trying to justify why buying btc was/is wrong.

What's the deal? Is it all butthurt nocoiners really? Or also dETH bagholders shitting their panties?

>>	Anonymous Sun Jan 1 16:56:48 2017 No.1700478 File: 117 KB, 878x1032, 1482207079766.jpg [View same] [iqdb] [saucenao] [google] >>1700471 Nocoiners in pain and suffering Methdealers in pain and suffering Yes everything is right with the world.

>>	Anonymous Sun Jan 1 16:59:14 2017 No.1700482 Will bitcoin become a global currency with widespread trust? If so, bitcoin could go up exponentially.. Would it be dumb to buy bitcoin now? Will it CRASH!?!?

>>	Anonymous Sun Jan 1 17:05:36 2017 No.1700487 >>1700482 I've had some for a while but I keep scooping up more where I can. I see btc as hugely undervalued which will change. Not to say we won't be going through more dips and drops but long game is still golden

Anonymous Sun Jan 1 17:24:08 2017 No.1700513

>>1700487

i am personally a nocoiner, but given the potential that bitcoin has, lets say 5 years from now, i really want to buy a little ticket to the moon rocket.

should i wait for a little crash? will there be one? buying a bitcoin for 1k now seems a little too risky, it will dip down to 600 won't it?

BUT I WANT A TICKET TO THE MOON

>>	Anonymous Sun Jan 1 17:28:17 2017 No.1700517 >>1700513 'll go down during January, buy then

>>	Anonymous Sun Jan 1 17:43:02 2017 No.1700536 >>1700513 If you want wait days/months for the bubble to pop then sure. Note that you'll be in a lot of pain since the price will keep pushing up.

>>	Anonymous Sun Jan 1 17:44:40 2017 No.1700538 How's ETH? Thinking of scooping up some now.

>>	Anonymous Sun Jan 1 17:47:25 2017 No.1700542 From 20$ a coin to 1000$ a coin and no-coiners still think bitcoin won't work?

>>	Anonymous Sun Jan 1 17:48:05 2017 No.1700543 >>1700471 my issue with btc is the same as with gold, what's stopping fiat paper pushers from entering the market via unlimited money creation and start manipulating it like what's been going on in comex

>>	Anonymous Sun Jan 1 17:52:51 2017 No.1700549 File: 715 KB, 1543x1360, 1476286628467.png [View same] [iqdb] [saucenao] [google] >tfw 0.4000 btc

>>	Anonymous Sun Jan 1 18:01:06 2017 No.1700559 >>1700543 >inflate crypto with monopoly money, said crypto becomes more valuable What's the worry?

>>	Anonymous Sun Jan 1 18:01:09 2017 No.1700560 >>1700543 Do you seriously think "governments will print unlimited money to manipulate Bitcoin's price" is a real concern? If that did happen, Bitcoin would quickly skyrocket (in real purchasing power, no less) thanks to the massive devaluation of USD.

Anonymous Sun Jan 1 18:07:31 2017 No.1700570

>>1700559
>>1700560
once they've hoarded enough of them they could trade amongst themselves in great volumes at ever-lower prices thus affecting the exchange rate, exactly like they've been doing with gold (paper gold but that doesn't important as long as physical and paper aren't divorced)

I'm not really versed in these things so forgive my ignorance

>>	Anonymous Sun Jan 1 18:09:46 2017 No.1700571 >tfw have just under $9 in bitcoin IM GETTIN RICH BOIYZZZZ

Anonymous Sun Jan 1 18:16:11 2017 No.1700574
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>>1700543
gold started high and was manipulated down.

btc is tiny, they would have to pump it up first, in order to manip it back down. Doesn't make sense.

All you no coiners, you still haven't missed the boat yet. This is just the beginning. Drop the ignorance, and buy some bitcoin.

>>	Anonymous Sun Jan 1 18:21:03 2017 No.1700580 >>1700574 will bitcoin dominate global transactions in 5 years, or is the moon landing just another hoax? t. no coiner who wants a ticket to the moon

>>	Anonymous Sun Jan 1 18:28:12 2017 No.1700589 >>1700570 Nigga are you high

Anonymous Sun Jan 1 18:34:34 2017 No.1700596
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>>1700574
bitcoin will become the foundation of a new internet based financial system.

$1,000 is nothing, this is the good old days. 99.99% of normies around the world don't even know what bitcoin is yet.

If bitcoin takes the value of 10% of the worlds cash / savings the price will be over $1 million. If it takes a slice of the bond market, the stock market, various funds, the price will be many orders of magnitude over $1 mil. A number so large it's hard to estimate.

3/4 of the bitcoin that will ever exist, already exists, so there is very limited supply going forward. There will be huge demand, as banks fail (watch Italy), govt debt is rejected (watch the rising interest rates right now, China selling US bonds), stocks fail (P/E ratios are now nosebleed territory), and money printing goes into hyperdrive.

Very limited supply, vast demand; it's going to be like running Niagara falls through a garden hose.

Buy some bitcoin, and hold on muthafuckers, it's going to be wild.

>>	Anonymous Sun Jan 1 18:36:09 2017 No.1700598 >>1700596 i want to believe. inb4 bit coin is another (((plot)))

>>	Anonymous Sun Jan 1 20:34:48 2017 No.1700724 The price grew too fast in December, so I'm hoping for a selloff to 800's. Gonna buy some more then.

>>	Anonymous Sun Jan 1 20:42:36 2017 No.1700747 What if a better coin comes along and gets support from multiple governments in order to crash the price of bitcoin and stamp it out?

>>	Anonymous Sun Jan 1 22:00:09 2017 No.1700894 Didn't the govt Already sieze a bunch of coins from silk road?

>>	Anonymous Sun Jan 1 23:49:49 2017 No.1701043 >>1700471 If you really thik BTC is gonna moonrockit, then even the current price is nothinng and you should buy. too many short sighted third world poorfags on this board.

>>	Anonymous Mon Jan 2 00:28:52 2017 No.1701092 >>1700478 >Nocoiners in pain and suffering this basically >>>/r9k/33823986

>>	Anonymous Mon Jan 2 00:34:21 2017 No.1701106 >>1700580 in 5 yrs bitcoin is internet c. 1999

>>	Anonymous Mon Jan 2 00:54:37 2017 No.1701133 >>1700513 just dollar cost average and buy extra during dips.

>>	Anonymous Mon Jan 2 00:57:04 2017 No.1701137 >>1700596 I'm not convinced yet, but I hope you are right.

>>	Anonymous Mon Jan 2 01:53:00 2017 No.1701206 >>1700596 everyone should listen to this monkey right here and I'm not just saying that because I have a lot of BTC that would be more valuable if all you guys bought a whole bunch of it that has nothing to do with this

>>	Anonymous Mon Jan 2 02:27:24 2017 No.1701249 File: 3 KB, 104x125, 1482898519722s.jpg [View same] [iqdb] [saucenao] [google] >>1701092 I like this one. >>>/r9k/33825352

>>	Anonymous Mon Jan 2 02:34:24 2017 No.1701257 >>1701092 that thread is painful

>>	Anonymous Mon Jan 2 03:00:04 2017 No.1701288 >>1700513 >shit its too expensive right now ill wait for the crash then buy >shit it crashed bitcoin is doomed glad i didn't buy that shit the eternal nocoiner cycle

>>	Anonymous Mon Jan 2 06:30:48 2017 No.1701496 >>1700513 That's the reason for being a no coiner, you are too afraid to take the risky ticked for the moon rocket. In other words, you are a coward.

>>	Anonymous Mon Jan 2 06:37:57 2017 No.1701503 Buying BTC is morally wrong and you know it. It doesn't produce anything real, no value for society is created, it's pure greed and speculation.

>>	Anonymous Mon Jan 2 06:58:56 2017 No.1701532 >>1701503 It makes money for my hookers and blow boi, real value right there.

>>	Anonymous Mon Jan 2 07:01:31 2017 No.1701535 >>1701503 Buying USD is morally wrong and you know it. It doesn't produce anything real, no value for society is created, it's pure greed and speculation.

Anonymous Mon Jan 2 08:34:01 2017 No.1701644

>>1700513
> it will dip down to 600

no way anon, we're never seeing $600 BTC again.

IF it dips, it will recover WAY before 600.

why?
> because nearly everyone accepts the long term gains and potential of bitcoin.
> there is too much money (BILLIONS) in the market looking to buy the dips.

next dip will recover above $950.

>>	Anonymous Mon Jan 2 08:40:36 2017 No.1701652 Bitcoin market cap currently is $16 billion. IF it dropped to $600/BTC it would wipe out $6 billion. Its would be the same as a company like GoDaddy (market cap $5.8 billion) just disappearing.

>>	Anonymous Mon Jan 2 08:43:29 2017 No.1701654 Buy PEPECASH It changed my life. Be alpha.

>>	Anonymous Mon Jan 2 08:50:49 2017 No.1701664 Is Bitcoin compatible with KEK worship?

>>	Anonymous Mon Jan 2 10:08:00 2017 No.1701732 >>1701664 Only slightly

>>	Anonymous Mon Jan 2 11:43:26 2017 No.1701869 >>1700596 Your post and my 4.2 BTC made me rockhard

>>	Anonymous Mon Jan 2 11:50:14 2017 No.1701879 >>1700596 the time is yet to come bitcucks. we need at least one crisis like in 2008/9 to make btc real deal.

>>	Anonymous Mon Jan 2 12:47:07 2017 No.1702049 File: 71 KB, 381x435, IMG_1356.jpg [View same] [iqdb] [saucenao] [google] >yfw trump decide to switch to bitcoins instead of usd

>>	Anonymous Mon Jan 2 12:54:20 2017 No.1702063 >>1701257 it's a big thread

>>	Anonymous Mon Jan 2 12:57:26 2017 No.1702065 >>1700543 afaiu: btcs are created by mining them you need a lot of compute power to create them, and the mining process becomes harder and harder as more btcs are created

>>	Anonymous Mon Jan 2 12:57:48 2017 No.1702067 File: 1.88 MB, 900x9794, 1454745773205.jpg [View same] [iqdb] [saucenao] [google] >>1701257 It's /r9k/, what do you expect.

>>	Anonymous Mon Jan 2 12:58:30 2017 No.1702069 >>1700596 >bitcoin will become the foundation of a new internet based financial system. the way btc works will not btc itself

>>	Anonymous Mon Jan 2 13:01:44 2017 No.1702071 File: 59 KB, 736x628, 1479756039566.jpg [View same] [iqdb] [saucenao] [google] >>1700471 >>1700596 >running Niagara falls through a garden hose

>>	Anonymous Mon Jan 2 13:31:52 2017 No.1702116 As a long term Buttcoin watcher, both nocoiners AND buttcoiners are the losers here. Bitcoin will 100% crash. At this moment nocoiners are the losers, but that'll change soon enough

>>	Anonymous Mon Jan 2 13:35:35 2017 No.1702129 >>1702116 >btc crashes >alts soar I'm so afraid /g/.

>>	Anonymous Mon Jan 2 13:39:55 2017 No.1702140 >>1702116 question is how high will it go before it corrects and how much it corrects by. people buying in now might be underwater soon but most people in bitcoin have been doing great for the past couple of years now.

>>	Anonymous Mon Jan 2 13:42:18 2017 No.1702148 >>1702129 That is why you diversify your BTC holdings with alts. Don't put all of your eggs in one basket.

>>	Anonymous Mon Jan 2 14:07:49 2017 No.1702173 >>1702148 Im putting your moms eggs in my own basket

>>	Anonymous Mon Jan 2 14:51:25 2017 No.1702236 >>1702148 Already filled up on MAID, FCT and POT. Sadly missed the XMR train but will gladly short it after ringCT gets priced in.

Anonymous Mon Jan 2 16:59:20 2017 No.1702502

>>1701288

Honestly this applies to virtually all investment.

I spent my first two years investing just DE-CONDITIONING myself. Like everyone agrees in principle on:

>buy low
>sell high

But it's so much harder to overcome our instinct to buy when something is rising and sell when it's crashing and then overcompensate. I have literally had an inverse sine wave of a stock I kept buying EVERY time it spiked and sold EVERY time it crashed. It's not even an intentional thing, it's sort of subconscious where you gravitate towards the herd mentality.

Since then I've become extremely strict with investments, I take ages making a decision and I never ever sell. I make targets and stick to them.

E.g. I wanted to have 21 BTC, so I bought a little when it was high, more when it was low, and less when it was high. But I kept buying at regular intervals.

For those wondering why 21 BTC, if you have 21BTC you have 1/millionth of the total supply, so there can never be more than a million people with more than you.

>>	Anonymous Mon Jan 2 18:15:15 2017 No.1702646 >>1702071 >that pic

>>	Anonymous Mon Jan 2 18:18:52 2017 No.1702657 >>1702502 >no more than <1,000,000 others will have as much as you or more Very interesting point, never thought of it that way. Still haven't invested though, I'm scared of it crashing right when I buy in, every time.

>>	Anonymous Mon Jan 2 18:20:46 2017 No.1702664 >>1700596 the interest rates are an interesting thing to watch to

>>	Anonymous Mon Jan 2 18:22:23 2017 No.1702668 >>1702502 What's the point of never having more than 1 million people with more than you?

Anonymous Mon Jan 2 18:25:39 2017 No.1702681

Where's that faggot who back in July insisted the halving would have no effect on the price? I know you're lurking you assmad faggot

Sorry your shitty altcoin is stagnant and/or dead and the one king of crypto reigns along with the god Emperor

>Inb4 muh chinks
>Inb4 muh poo in loos
>Inb4 "crash" to 900 only to rebound to $1,400

Anonymous Mon Jan 2 18:32:23 2017 No.1702699
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No coiner here just by virtue of being new to the concept of it. I make around $10,000 in investment ($5,500 in my Roth, $4,500 in my brokerage acct) I'm afraid btc will crash if I buy now and I'll lose whatever money I put into it as I'm still in college and I'm amazed I can already put in what I can, but btc feels like a gamble.

>>	Anonymous Mon Jan 2 18:39:46 2017 No.1702709 >>1702699 Just put $500 in btc and $500 in xmr, and let it sit

>>	Anonymous Mon Jan 2 18:48:59 2017 No.1702731 >>1702502 next step 210 friend

Anonymous Mon Jan 2 18:49:07 2017 No.1702732
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>>1702699
Life is a gamble son. There is risk everywhere. There is risk in your pension you have there, risk in the stock market.

Just put $100 into bitcoin for now, buy a bit more next month.

Anonymous Mon Jan 2 18:56:55 2017 No.1702741
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>>1702668
It's just an arbitrary number, but having 1 millionth of the total money supply is a nice thought. Personally I'm aiming for 63 btc, 3 times that, I'm almost there. I will have 1 / 333,333 of the total bitcoin supply.

Actually it is an even smaller fraction than that because there are only 16 million coins right now, it's going to take over 100 years to mine the last 5 million.

Also, don't forget all the coins lost forever. It's hard to estimate which coins are forever lost, and which are just in long term cold storage.

I've read estimates from 1 - 2.5 million bitcoins are now lost, making the remaining bitcoins worth more.

>>	Anonymous Mon Jan 2 19:03:18 2017 No.1702752 BTC will reach $10 000 or becomes worthless in 5 years

>>	Anonymous Mon Jan 2 19:10:51 2017 No.1702764 >>1702741 You just gave me a new goal anon, thank you. Top 1/3 of the money supply here we go

>>	Anonymous Mon Jan 2 19:12:43 2017 No.1702768 >>1702741 >2.5 million bitcoins are now lost Pretty sure the value tanked after that Definitely didn't "make the remaining bitcoins worth more"

>>	Anonymous Mon Jan 2 19:13:47 2017 No.1702770 >>1702768 Gave them a bigger share of the total supply though

>>	Anonymous Mon Jan 2 19:15:03 2017 No.1702773 >>1700471 >What's the deal? Is it all butthurt nocoiners really? Or also dETH bagholders shitting their panties? Could also be people that sold low, you never know.

>>	Anonymous Tue Jan 3 02:38:41 2017 No.1703445 Where's that faggot who said the halving would have no effect on price This is the result of less coins available not chinks or street shitters

>>	Anonymous Tue Jan 3 02:42:27 2017 No.1703449 >>1700482 Of course it will crash. https://www.youtube.com/watch?v=XbZ8zDpX2Mg

Anonymous Tue Jan 3 02:43:33 2017 No.1703450
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Guys I came home for winter vacation and i couldn't believe it. My fucking father is putting a little bit of money into bitcoin for speculation. I think he heard it on zero hedge or some shit. I honestly couldn't believe it. He is usually so smart with money. I can't stand this fucking meme shit impacting real life. Fucking damn it.

Anonymous Tue Jan 3 02:48:16 2017 No.1703453

>>1702768
>Pretty sure the value tanked after that

The millions of BTC lost are over the years and it's mainly about people losing track of them (drive failure, purposefully letting go of a small fraction, forgetfulness, etc).
I'm pretty sure if i had to scrape together 0.5 BTC I could do it in a couple of days it's just not worth the effort for me.

>>	Anonymous Tue Jan 3 03:02:57 2017 No.1703471 >>1701652 LMAO no GoDaddy has value unlike Bitcoin whose value is derived from the greater fool theory.

>>	Anonymous Tue Jan 3 05:14:02 2017 No.1703624 File: 179 KB, 974x651, 1479308985074.jpg [View same] [iqdb] [saucenao] [google] >>1702732 >life is a gamble

>>	Anonymous Tue Jan 3 05:31:03 2017 No.1703637 ITT: A bunch of people that bought memecoins and are holding on for dear life hyping it up as much as possible

>>	Anonymous Tue Jan 3 05:35:43 2017 No.1703639 File: 94 KB, 695x700, 1483223424018.jpg [View same] [iqdb] [saucenao] [google] >>1703637 t. nocoiner

>>	Anonymous Tue Jan 3 05:39:29 2017 No.1703644 >>1701249 lmao the satisfaction of telling your parents that if they would've listened to you you'd be a millionaire tho i'd pay a million dollars just 4 that

>>	Anonymous Tue Jan 3 05:48:41 2017 No.1703656 >>1703639 i am a salty nocoiner i'll admit it i was 2 clicks away from buying a ton of memecoins in middle school, 2 clicks away from never having to work a day in my life how can i not be salty about something like that?

>>	Anonymous Tue Jan 3 05:55:04 2017 No.1703662 How many BTC do you own? Be honest.

Anonymous Tue Jan 3 05:55:12 2017 No.1703663

>>1703656
Has to hurt. 2015 I had $1000 in the bank and was thinking about buying a tv and a ps4. Then I figured if I was going to waste it on that I may as well yolo it all into monero. I probably would have smashed the tv in rage by now because xmr has gone 40x since then.

>>	Anonymous Tue Jan 3 06:03:36 2017 No.1703672 File: 1008 KB, 255x160, 1464710919756-1.gif [View same] [iqdb] [saucenao] [google] >>1700596 >bitcoin will become the foundation of a new internet based financial system. >3 transactions per second

Anonymous Tue Jan 3 06:06:45 2017 No.1703676
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>>1703672

I forgot

>completely transparent and linkable transactions

>huge stash on early adopters hands creating a new oligarch, limit supply meaning the same overlords forever.

Anonymous Tue Jan 3 06:18:07 2017 No.1703691

Can people stop posting as if BTC is the second coming of Jesus? It's a fucking currency not the savior of mankind. It can't stop inequality, tyranny or corruption. It hurts my head when morons keep spamming their BTC memes as if it's some sort of revolution in freedom. Basically, fuck you faggots for trying to pump BTC in a dishonest way. If you're going to spam, at least be honest about trying to get rich.

>>	Anonymous Tue Jan 3 06:25:25 2017 No.1703700 >>1703691 I disagree. Besides a Mars colony BTC and XMR are probably the most important projects for mankind right now.

Anonymous Tue Jan 3 06:32:05 2017 No.1703707

>>1703700
>the most important projects for mankind right now
Nothing will change with BTC being mass adopted. The world will still be corrupt, tyrannical, and unequal. This is like saying the Internet (one of the greatest invention of all time) will bring mankind to a new era of enlightenment.

>>	Anonymous Tue Jan 3 07:02:30 2017 No.1703737 >>1703707 Anyone promising utopia is retarded but the that doesn't mean it won't make things better. Utopia is retarded anyway.

Anonymous Tue Jan 3 07:10:05 2017 No.1703743

>>1700513

Eh, just get one. It's not like your life ends if it goes down. Just hold it long term. The thing is that this is a self fulfilling prophecy. The more people that buy just one Bitcoin, or half or a quarter the more Bitcoin will grow and grow. Once you know this and things inside your mind have "clicked" you'll see how powerful Bitcoin can be for everyone.

>>	Anonymous Tue Jan 3 07:30:11 2017 No.1703770 Idk anything about Btc there are apps in my country where they sell Btc I'd like to know how does it work and are these sellers legit, how do they transfer Btc ownership to me and how do I sell Btc if I want to.

>>	Anonymous Tue Jan 3 07:33:41 2017 No.1703776 >>1703770 What country are you in?

>>	Anonymous Tue Jan 3 07:43:00 2017 No.1703789 >>1703776 India

Anonymous Tue Jan 3 08:04:06 2017 No.1703822

>>1703789

Take some time to google and learn about Bitcoin. I imagine they would send the Bitcoin you bought to you "public key". You can test if they are legit by checking reviews and buying a tiny amount first. Like $1 or something.

You sell Bitcoin on an exchange and request them to bank transfer the money to you, takes 1 or 2 days usually.

There are many more different ways of buying and selling Bitcoin than I just described

Anonymous Tue Jan 3 12:48:23 2017 No.1704350

>>1703663
This is the real blunder.

BTC is oudated, it's not useful to the average consumer and it's been proven that it's not viable for the dark market. Monero will slowly take BTCs place as more and more realize the limitations of crypto 1.0- the Chinese already have. The biggest gains for BTC are in the past.

>>	Anonymous Tue Jan 3 12:49:59 2017 No.1704353 >>1704350 >inb4 "bitcoin transactions show your address!!!" It takes a few seconds to generate new addresses for the same wallet, and poof! You're as anonymous as can be.

>>	Anonymous Tue Jan 3 12:54:32 2017 No.1704366 >>1704353 Nope, it's all traceable.

>>	Anonymous Tue Jan 3 12:56:14 2017 No.1704373 >>1704366 No, it isn't. If the receiver uses different addresses for transactions, he's completely concealed. And the sender isn't even recorded.

>>	Anonymous Tue Jan 3 13:04:59 2017 No.1704393 >>1704373 False. The ledger is public, all transactions and wallets can be tracked to a single individual.

>>	Anonymous Tue Jan 3 13:14:26 2017 No.1704405 >>1704393 And that individual is, Satoshi Nakamoto

>>	Anonymous Tue Jan 3 14:03:23 2017 No.1704508 >>1704373 >If the receiver uses different addresses for transactions, he's completely concealed. Stop spreading BS

Anonymous Tue Jan 3 14:26:32 2017 No.1704649

>>1703707
>>the most important projects for mankind right now
>>Nothing will change

>200,000 years ago
>Man creates fire for the first time
>A random tribesman suddenly appears, he says
>"Do you think fire will change, the world will still be full of dinosaurs trying to eat us"

That's you anon. Why are you so pessimistic about good ideas?

>>	Anonymous Tue Jan 3 14:27:46 2017 No.1704652 >>1704393 Your address is recorded. Not your wallet. And you can generate all the different addresses you want for the same wallet. >>1704508 It's the simple truth. There's no way for anyone to know what wallet is behind what address.

>>	Anonymous Tue Jan 3 14:29:38 2017 No.1704660 >>1704652 That's what our buddies at Silk Road thought, too.

>>	Anonymous Tue Jan 3 14:31:13 2017 No.1704666 Got into the BTC Train last summer , now I own 1.4 BTC How am I comparing to fellow /biz/men ?

>>	Anonymous Tue Jan 3 14:32:42 2017 No.1704671 >>1704660 Those bitcoins weren't seized from wallets, but from accounts on silk road.

>>	Anonymous Tue Jan 3 14:41:10 2017 No.1704686 >>1704652 ALL transactions are public. The entire blockchain is public. You can follow every (micro)bitcoin anywhere.

Anonymous Tue Jan 3 14:43:27 2017 No.1704692

>>1704660
And if you keep using the same wallet address, linked to a fiat bank account in your name, you're bound to get identified, obviously.

If you get the bitcoin anonymously into your wallet, you're unfindable.

The FBI itself said the silk road guy made a dumb mistake that led to his identification.

>>1704686
If you use different addresses, nobody will ever be able to tie those different addresses to your wallet.

The only way would be to transfer the exact same sum using different addresses, and even then it's guesswork.

Anonymous Tue Jan 3 14:56:40 2017 No.1704705

>>1704692
>If you use different addresses, nobody will ever be able to tie those different addresses to your wallet.
You cant choose what address you send it from, only the address you receive coins on.

>While the Bitcoin technology can support strong anonymity, the current implementation is usually not very anonymous.

>The main problem is that every transaction is publicly logged. Anyone can see the flow of Bitcoins from address to address. Alone, this information can't identify anyone because the addresses are just random numbers. However, if any of the addresses in a transaction's past or future can be tied to an actual identity, it might be possible to work from that point and guess who may own all of the other addresses. This identity information might come from network analysis, surveillance, or just Googling the address. The officially encouraged practice of using a new address for every transaction is designed to make this attack more difficult.

>>	Anonymous Tue Jan 3 15:06:09 2017 No.1704715 >>1703663 this is what the next generation of altcoin bagholders try and ignore. monero has already had a huge bubble, just like ethereum did 6-8 months ago, theres not even another 5x in monero, let alone 10x or 20x.

Anonymous Tue Jan 3 15:12:37 2017 No.1704732
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>>1700471
I'm tired of missing out on moon rides all of my miserable life. Can any rich bitcoin holders send me a bitcoin or a fraction of it?
12Ns2jydpU45CH2TGATNgTCheYnyEhYxpD

>>	Anonymous Tue Jan 3 15:17:25 2017 No.1704745 File: 343 KB, 807x356, architect.png [View same] [iqdb] [saucenao] [google] >>1704715 > theres not even another 5x in monero LTC was worth over 1billion in 2013. Probs are some Alts will max out their bubbles around 1.5-2bn market cap this time.

>>	Anonymous Tue Jan 3 15:41:49 2017 No.1704796 >>1704705 >You cant choose what address you send it from, only the address you receive coins on. The sender isn't recorded. Bitcoin is perfectly anonymous if you're a little careful.

>>	Anonymous Tue Jan 3 15:58:46 2017 No.1704825 Alright faggots I'm jumping on this bandwagon: I've got €1000.00 available to buy BTC Shall I stagger my buys over the week or just go all in right now?

Anonymous Tue Jan 3 16:14:53 2017 No.1704848

>>1704745
litecoin did because at the bitcoin mega-bubble traders just looked for the no.2 coin and bought that. right now the no.2 is ethereum which is already bloated from its first bubble and sitting at nearly 1b anyway. the traders who did that didnt care about tech or why it needs to exist, they just wanted to take money out of bitcoin easily and quickly and litecoin was the only other semi-large thing that existed.

the landscape is totally different, too many altcoins with too many bagholders.

Anonymous Tue Jan 3 17:29:55 2017 No.1705038

>>1704825
I tried a couple of methods, staggering, shorting, and all in for a little over 10k.

What worked best during a bull run like this, is going all in as quickly as possible, and holding through the dips.

Trying to short was especially stupid. I was lucky to break even; been reading some horror stories about pro traders losing hundreds of thousands trying to short bitcoin these past few weeks.

Anonymous Tue Jan 3 17:36:45 2017 No.1705074

I'm still waiting for that "the halving will have no effect on price" faggot to announce himself

I know you're lurking you pathetic faggot, you replied to dozens of pro-bitcoin posts around early July spouting bullshit about a "fixed AMT of coins"

It's called delayed effect of the halving, you had your shitty altcoin agenda or are just a bitter nocoiner

Keep lurking and crying fgt

>>	Anonymous Tue Jan 3 17:40:33 2017 No.1705089 >>1705074 I think he switched tactics; some asstard keeps spreading baseless doom & gloom using bombastic language and stupid comet/asteroid references for some reason.

>>	Anonymous Tue Jan 3 17:42:32 2017 No.1705096 How come I never see anyone post their wallets and these fat returns? Is it all because you guys have one or two coins and no one give a fuck about the couple hundred bucks you made on buttcoins? You memers need to put up or shut up.

Anonymous Tue Jan 3 17:45:37 2017 No.1705102

>>1705096
I did during the summer when it rocketed to 750

It's not worth the satisfaction, I could care less. Sometimes I get drunk enough to shitpost my wealth tho.

Not everyone is a faggot like Dan bilzerian or whoever who pays for the whores and wants to show the whole world

>>	Anonymous Tue Jan 3 18:08:55 2017 No.1705161 >>1705096 got about $200,000 thanks to bitcoin and a some assorted shitcoin pump and dumps. not everyone is holding their 21 bitcoins and wishing to be a millionaire.

Anonymous Tue Jan 3 18:17:54 2017 No.1705178

>>1700542
An increase in value does not indicate viability. Bitcoin seems like any other fiat currency. The only difference being Bitcoin has no government backing (which isn't necessarily a negative).

Ask yourself this question, if the market for Bitcoin collapses what will you, the Bitcoin owner, have? An instrument that has returned to it's intrinsic value. Zero.

>>	Anonymous Tue Jan 3 19:29:40 2017 No.1705347 File: 33 KB, 494x358, t3_5jwopr.jpg [View same] [iqdb] [saucenao] [google] >>1705178 no coiner detected. how you cope with yourself

>>	Anonymous Tue Jan 3 19:41:09 2017 No.1705367 >>1705178 >seems like any other fiat currency gr8 b8 m8

>>	Anonymous Tue Jan 3 19:43:06 2017 No.1705373 >>1705161 Proof or LARP

>>	Anonymous Tue Jan 3 19:43:58 2017 No.1705379 Is mining still viable if you live at work and don't pay electricity?

>>	Anonymous Tue Jan 3 19:45:52 2017 No.1705382 File: 113 KB, 1668x848, road22k.png [View same] [iqdb] [saucenao] [google] >>1702069 >muh blockchain technology 2015 wants his meme back in other news: tick tock nocoiners tick tock

>>	Anonymous Tue Jan 3 19:48:37 2017 No.1705388 File: 194 KB, 660x393, TraitsOfMoney.png [View same] [iqdb] [saucenao] [google] >>1705178 >Bitcoin seems like any other fiat currency. kys

>>	Anonymous Tue Jan 3 19:50:10 2017 No.1705394 >>1705038 shorting will get you fucked and if you short with leverage it will get you bankrupt buy and hold

>>	Anonymous Tue Jan 3 19:51:58 2017 No.1705403 >>1705373 proof of what? you expect me to sign all my addresses so you can count up my coins?

>>	Anonymous Tue Jan 3 19:53:25 2017 No.1705405 File: 86 KB, 600x366, coin-control.png [View same] [iqdb] [saucenao] [google] >>1704705 >You cant choose what address you send it from, only the address you receive coins on. yes you can, if the wallet allows coin control features like bitcoin core

Anonymous Tue Jan 3 19:56:48 2017 No.1705418

>>1704350
>monero
>has 94% of tradings in poloniex
>has 500 nodes vs 5000+ of bitcoin
>hugo blockchain

how the fuck is this safer than bitcoin?

listen, i wish monero the best, and i want to invest and hold long term, but i dont see how they are going to defeat bitcoin as the #1 darknet coin (which is its only niche, since it could never scale to mainstream levels without an hugo blockchainn)

>>	Anonymous Tue Jan 3 20:48:28 2017 No.1705556 >>1704848 What does a bloated currency mean?

>>	Anonymous Tue Jan 3 20:53:00 2017 No.1705571 I have 0.21 BTC from almost 4 years ago when I was part of a mining pool for a few months. How do I go about selling this?

>>	Anonymous Tue Jan 3 21:04:18 2017 No.1705595 Wtf. I just spent 30 minutes reading this while shit. See ya fucktards going to buy some BTC.

>>	Anonymous Tue Jan 3 21:42:14 2017 No.1705668 How long will the rapid growth last? I just need it to hold until Trump's inauguration where my TrumpCoins should spike in value relative to BTC as well and make some serious bank.

>>	Anonymous Tue Jan 3 21:45:01 2017 No.1705671 File: 52 KB, 854x640, 1483335591407.jpg [View same] [iqdb] [saucenao] [google] >>1703672 lightning network bitch

Anonymous Tue Jan 3 21:46:10 2017 No.1705672
File: 3 KB, 125x123, 1474901313117s.jpg [View same] [iqdb] [saucenao] [google]

>>1703676
>completely transparent and linkable transactions

not for long. keep up

>huge stash on early adopters hands creating a new oligarch, limit supply meaning the same overlords forever.

And I would be one of those people, bitch

>>	Anonymous Tue Jan 3 21:49:51 2017 No.1705677 File: 33 KB, 480x480, 1472348903677.jpg [View same] [iqdb] [saucenao] [google] >>1700471 New price high in NZ dollars, no brakes on this train 1 XBT =1,504.32NZD

>>	Anonymous Wed Jan 4 03:06:52 2017 No.1706096 File: 122 KB, 2048x2048, Bitcoin-Logo-big.png [View same] [iqdb] [saucenao] [google] People who lack bitcoins tell us your coping methods

>>	Anonymous Wed Jan 4 03:18:40 2017 No.1706102 >>1705038 >>1705394 Shorting is also extremely stressful, and it almost put me off bitcoin entirely. Would've been missing out on these sweet gains, coping like a common nocoiner.

Anonymous Wed Jan 4 03:26:08 2017 No.1706106

>>1706102
Not that it's ever too late, of course.

This trend is AT LEAST going for a new ATH, one that is much higher than the previous ATH of 1200.
And the way things are going (war on cash and gold, increasing uncertainty in many places including Europe, impending economic downturns in places like China, etc.) bitcoin might very well reach tens of thousands of dollars in the long term, if not much much more.

>>	Anonymous Wed Jan 4 04:19:45 2017 No.1706155 >>1706096 Suicide

Anonymous Wed Jan 4 05:47:39 2017 No.1706217

Hey you faggot "the halving will have no effect on price" retard

I was wondering what you thought about bitcoin currently being worth $1,700

Keep being bitter and miserable you piece of shit, or shill some shitty altcoin, it'll definitely make you a millionaire one day

>>	Anonymous Wed Jan 4 05:50:47 2017 No.1706221 >>1706217 You meant to write $ 1,070, right?

>>	Anonymous Wed Jan 4 06:33:13 2017 No.1706242 >>1706217 Ive seen you posting to this troll several times now, did he upset you?

>>	Anonymous Wed Jan 4 06:37:55 2017 No.1706244 Remember Eth cucks saying Ethereum was going to replace Bitcoin HAHAHAHAHA

>>	Anonymous Wed Jan 4 06:50:20 2017 No.1706259 >>1700471 I have 0.95 BTC and I also purchased 1k in Bitstamp stock.

>>	Anonymous Wed Jan 4 06:53:29 2017 No.1706264 >>1701503 The value is keeping your wealth safe from the central banks.

>>	Anonymous Wed Jan 4 07:26:45 2017 No.1706304 File: 7 KB, 200x169, 2f7.jpg [View same] [iqdb] [saucenao] [google] Is anyone still giving out spare bitcoins? I'm tired of coping. 1GbnUYbvNwGtNnsFQ39JfWochqEQuMvPTo

>>	Anonymous Wed Jan 4 08:02:22 2017 No.1706350 File: 167 KB, 640x1136, IMG_1196.png [View same] [iqdb] [saucenao] [google] To the moon

>>	Anonymous Wed Jan 4 09:19:06 2017 No.1706489 Feeling like i'm late to the party, but i'm sure btc will have more ups and downs in future. So, how do i learn more about it and cryptocurrency in general? Any useful links?

>>	Anonymous Wed Jan 4 14:24:41 2017 No.1707233 $1140 crash to $1120. IT'S STARTING MOTHER FUCKERS NOCOINERS VINDICATED

>>	Anonymous Wed Jan 4 15:25:35 2017 No.1707381 please help me cope. held off buying it at 900 thought crash was imminent now its 1120 im dying

>>	Anonymous Wed Jan 4 15:26:54 2017 No.1707385 >>1707381 This is just the beginning anon. Not even joking.

>>	Anonymous Wed Jan 4 15:27:47 2017 No.1707387 >>1707385 with every step it grows i become more nervous to buy afraid that is the new peak HELP

>>	Anonymous Wed Jan 4 15:29:14 2017 No.1707390 >>1707387 I felt that way in the early 700s lol.

Anonymous Wed Jan 4 15:52:46 2017 No.1707446

>>1705379
It's really hard to say. ROI fluctuates likes crazy depending on which miner(s) you buy. It also doesn't follow a simple process of "the more TH/s per miner, the faster the ROI". Sometimes buying a more expensive, more efficient miner will increase the length of your ROI. Since power is a factor taken out of the equation, there's still so much more to consider:
- shipping time
- cost of miner
- cost of external power supply
- how long do you plan on working at your place of employment
- what would the consequences be if found out
etc etc

Anonymous Wed Jan 4 15:57:33 2017 No.1707460
File: 29 KB, 600x600, Consider_This.jpg [View same] [iqdb] [saucenao] [google]

>>1707387
BTC is like the world's biggest game of "Chicken" and errybody waiting to see who will back out first

But instead of driving headfirst at one person, you are driving headfirst into the entire internet...

Anonymous Wed Jan 4 17:19:25 2017 No.1707644

>>1707460
Even after what was arguably one of the most dramatic bubbles in investment history, bitcoin still evened out at a higher level than pre-bubble, and started a very consistent and steady climb that's been going on for over a year now.

You have the completely wrong idea.

>>	Anonymous Wed Jan 4 19:02:04 2017 No.1707920 >>1702502 Dude just leave your investments alone. Out of aight and out of mind. You will make money. Just relax. When you're feeling moee confortable then start increasing your frequency of trades.

>>	Anonymous Wed Jan 4 19:13:44 2017 No.1707954 File: 96 KB, 390x390, 1461880062479.jpg [View same] [iqdb] [saucenao] [google] Couple more pushes

Anonymous Wed Jan 4 19:16:05 2017 No.1707960
File: 94 KB, 1000x1000, 1476375937987.jpg [View same] [iqdb] [saucenao] [google]

It can still go for a while. But when the panick hits it will be even more brutal than 2013. A flash crash you havent seen before cause everybody tries to take profits before a melt down. Maybe one or two bounces but price will settle lower than $300 after melt down

>>	Anonymous Wed Jan 4 19:19:37 2017 No.1707967 >>1707960 haha keep dreaming

>>	Anonymous Wed Jan 4 19:24:25 2017 No.1707982 File: 405 KB, 640x426, 1460505704670.jpg [View same] [iqdb] [saucenao] [google] >>1707967 As a coinholder im fine with every possible end result.

>>	Anonymous Wed Jan 4 19:26:56 2017 No.1707987 >>1707960 >price will settle lower than $300 after melt down My deepest, deepest wish.

>>	Anonymous Wed Jan 4 22:45:03 2017 No.1708347 >>1707960 I don't think you know what "flash crash" means. Those aren't caused by panic selling, they're caused by algorithms maliciously trading against each other.

>>	Anonymous Wed Jan 4 22:58:40 2017 No.1708371 File: 1.33 MB, 1167x716, 45h45h45h3.png [View same] [iqdb] [saucenao] [google] 12FKU7pNb6ZRrvhkcRWriQey51jGTtDmrK

>>	Anonymous Wed Jan 4 23:00:39 2017 No.1708377 File: 56 KB, 300x360, sfeels.jpg [View same] [iqdb] [saucenao] [google] >>1707982 true true.. i want the prices to crash so i can buy more.

Anonymous Wed Jan 4 23:06:32 2017 No.1708388

> Bitcoin goes up to $1500 AUD
> I still have 600oz of Silver sitting at an all time low
> Stock market crash coming soon
> Silver to the moon soon
> $5000 Silver when the USD gets replaced as reserve currency
> $2000 Silver when metals market manipulation is shown on the media after the Deutsche bank court case....*crickets*
> $100 Silver when it goes back to its historic ratio with gold
> $50 Silver as physical shortages continue to mount
> $2000 Silver when everyone rushes to it as a cheap safe haven from the FED printing money
> $50 Silver when market corrects from the FED raising rates
> $1000 Silver when Deutsche Bank sets off a chain reaction collapse

I don't know how much longer I can fucking wait but it seems I've missed half a dozen asset surges waiting for the million reasons why metals will pay off long term to hurry the fuck up and pay off.

>>	Anonymous Thu Jan 5 00:53:58 2017 No.1708527 just gonna inconspicuously mash my keyboard here.. 3J6WsrbjvwFAEurjbfB9693q3RiRmjq7uN maybe i wake up a has-coiner?

Anonymous Thu Jan 5 02:00:47 2017 No.1708623

>>1703449
But he is literally saying that bitcoin goes back to its 30% value. This time bitcoin won't begin to crash any time soon, a thousand just became the new low which means if it crashes, it will crash around the 800~1000 area. Which is fairly expensive still.

>>	Anonymous Thu Jan 5 02:04:15 2017 No.1708628 >>1707960 We won't be seeing anything below 700 i'm afraid.

Anonymous Thu Jan 5 02:09:29 2017 No.1708632

>>1708388
>waiting for the million reasons why metals will pay off long term to hurry the fuck up and pay off.
>metals are supposed to pay off long term
>WHY ARENT THEY PAYING OFF RIGHT NOW!
holy fuck what is your IQ?
are you legitimately mentally disabled?

Anonymous Thu Jan 5 02:13:24 2017 No.1708636
File: 5 KB, 225x225, 1482586861525.jpg [View same] [iqdb] [saucenao] [google]

>>1707982
fukken this
I'm diversified and i'm holding alts prime to pop when btc drops

btc is up so much and i've been holding it so long i can happily exit out once the warning sirens are blaring and still hold massive profits not to mention my alt holdings gaining heaps

oh it feels so fucking good to be a long term holder that's been so deep in it for so long it's almost impossible for anything big to destroy what i've already gained

thank you monero
thank you bitcoin
thank you eth
thank you etc

thank you all so much

>>	Anonymous Thu Jan 5 02:23:01 2017 No.1708645 >>1701503 BTC right now is providing the incredible value of field testing groundbreaking technology You can't even meme it isn't revolutionary, even old faggot institutions like Goldman Sachs are investing in the blockchain meem

Anonymous Thu Jan 5 03:56:49 2017 No.1708726
File: 83 KB, 510x546, coffee premonition.png [View same] [iqdb] [saucenao] [google]

Well well, it's 1145$ right now.

I'm holding only 1.5 BTC and want to buy like 3 more.

Do I buy now or wait until it calms down a little bit?

Will it go down, even? Or tomorrow I wake up and will see 1200$?

>>	Anonymous Thu Jan 5 04:07:55 2017 No.1708739 >>1708726 In my experience, there isn't going to be a bad time to get in, not for at least 6 months still.

>>	Anonymous Thu Jan 5 04:11:53 2017 No.1708746 I could only afford .18. If you guys could help me get to 1 BTC, it would be greatly appreciated. Thank you! 1HUrfLnn9g2SaGBHrVj7x4EqnXCbTpQ4wJ

>>	Anonymous Thu Jan 5 04:29:14 2017 No.1708773 >>1708746 Fuck this dude. Even 10 bucks is alot where I live. 1C4AEuFeb99tsF9G95YHV6Wa3XaqPeXvym Much appreciated for any amount

>>	Anonymous Thu Jan 5 04:31:45 2017 No.1708778 Any donations for the poor and financially unenlightened will be greatly appreciated. 1M7KNEMTRZzM2RFP4tdHdYi1oUhr8wQFyk

>>	Anonymous Thu Jan 5 04:37:38 2017 No.1708787 >>1702741 oh man, that's my goal too. Just past 50 a few weeks ago. Waiting for this crazy rally to settle down to get some more.

>>	Anonymous Thu Jan 5 04:41:10 2017 No.1708797 >>1707960 Yes, please. I hope you're right so I can stock up on dem cheap coinz

>>	Anonymous Thu Jan 5 04:51:33 2017 No.1708825 >SEPA payment would take days to process >credit/debit card payments have a 4% fee I just want to get in on this while I can. Please help a fellow man out. 1Poh6Q3irvQG4zpkW47ZfaHk1hh7cLVMvF

>>	Anonymous Thu Jan 5 04:51:52 2017 No.1708827 Why is bitfinex' price higher than Bitstamp's?

>>	Anonymous Thu Jan 5 04:59:46 2017 No.1708837 Will trade noodz for btc 1KFYPV2XUaLHAWmEHZGVAyQMaiJAaHErUi

>>	Anonymous Thu Jan 5 05:16:48 2017 No.1708868 i keep seeing the term "nocoiners" but i have no idea what it means, can someone explain?

>>	Anonymous Thu Jan 5 05:32:38 2017 No.1708884 >>1708868 It refers to people who do not own bitcoin.

>>	Anonymous Thu Jan 5 05:55:13 2017 No.1708904 >>1708884 aka /biz/ second class citizens

>>	Anonymous Thu Jan 5 10:24:12 2017 No.1709474 So, my country doesn't support Coinbase (Russia), where and how can I buy BTC instead?

>>	Anonymous Thu Jan 5 10:38:51 2017 No.1709522 >>1709474 Ask Putin to steal you some.

>>	Anonymous Thu Jan 5 13:01:43 2017 No.1709972 >>1707967 HAHAHAHAHHA!!!!!!!!!!

>>	Anonymous Thu Jan 5 13:03:47 2017 No.1709979 >>1709474 Can't you buy them buy sending rubles to btc-e

>>	Anonymous Thu Jan 5 13:05:51 2017 No.1709984 File: 241 KB, 641x600, 1465091095289.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Thu Jan 5 13:29:18 2017 No.1710067 >>1709972 What are you laughing about?

>>	Anonymous Thu Jan 5 14:32:25 2017 No.1710271 >>1710067 >What are you laughing about? The person who said "keep dreaming" when he told them it would crash.

>>	Anonymous Thu Jan 5 14:34:11 2017 No.1710275 >>1710271 He said it would crash to 300 or something though.

>>	Anonymous Thu Jan 5 14:40:45 2017 No.1710295 >>1709474 Ask krautchan

>>	Anonymous Thu Jan 5 14:41:48 2017 No.1710302 >>1710295 Or suckchan

>>	Anonymous Thu Jan 5 16:03:09 2017 No.1710468 >>1710275 He said that would happen today? Or after one or two bounces?

>>	Anonymous Thu Jan 5 16:20:40 2017 No.1710532 In hindsight a crash was obvious: >accelerating growth towards an all time high Should have sold everything once it reached $1150

Anonymous Thu Jan 5 19:12:35 2017 No.1710920

>>1710468
Pretty amazing that he predicted two countries manipulating their currency at the same time.

Oh wait, he didn't.

What happened today was currency manipulation nobody could foresee, and there was barely any panic to speak of.

Bitcoin was set back a couple of days, that's literally it.

>>	Anonymous Thu Jan 5 19:13:38 2017 No.1710924 >>1710532 Today had nothing to do with normal investment behavior. Today was about currency manipulation.

>>	Anonymous Thu Jan 5 20:15:09 2017 No.1711019 >>1710924 Doesn't it seem though as if it's bull trap? How much more would you think it rises?

Anonymous Thu Jan 5 20:52:28 2017 No.1711107

>>1710920
Who are you arguing with?
All I said was that he was laughing at the person who told him there wouldn't be a crash.
Then you acted like his prediction of 300 was bullshit because it hasn't happened yet, even though prices started declining less than 24 hours ago.
And now it seems that you're reaming him for predictions he didn't make.
What gives?

Anonymous Thu Jan 5 21:01:26 2017 No.1711127

>>1710924
>>1711019
Some Chinese pricks must have made a killing selling tons of BTC at ~1150 and then buying back a few hours later at ~950

I wasn't around the last time it hit the 1000s and China fucked it up. Think they're going to go in for a second selloff tomorrow now that BTC's back in the 1000s again?

>>	Anonymous Thu Jan 5 21:06:02 2017 No.1711148 >>1711127 I think the next 2 days are decisive, if people don't cash in and greed a little it will start rising properly.

>>	Anonymous Thu Jan 5 21:11:07 2017 No.1711162 >>1705038 Agree. I experimented too, with about 5k, but staggered automatic buys every week, and I wish I had just dumped the entire 5k on day one and forgotten about it.

>>	Anonymous Thu Jan 5 21:11:57 2017 No.1711163 >>1711127 Some people win and some people lose when they sell their coins Most people lose The smartest thing is to buy and hold, and most importantly ignore every altcoin

Anonymous Thu Jan 5 21:13:46 2017 No.1711167
File: 76 KB, 450x381, 1451662867001.jpg [View same] [iqdb] [saucenao] [google]

>Price increases
IT"S A STORE OF VALUE! INVEST NOW!

>Price collapses
IT WAS ONLY EVER A MEDIUM OF EXCHANGE, JUST LIKE MONEY. LOL YOU DIDN'T ACTUALLY THINK IT WAS INVESTMENT GRADE RIGHT

>>	Anonymous Thu Jan 5 21:47:01 2017 No.1711216 I don't have the money to get in on the action, can somebody send me a few cents? 1Cx39gYUmdQDEbpwjeAdArKD2qKwSyUufX

>>	Anonymous Thu Jan 5 22:08:28 2017 No.1711243 Why on Earth would anyone invest in a commodity where 90% of it is controlled by China? China could start propping up their currency and kill capital flight. In a fight of BTC vs China, China will win.

>>	Anonymous Thu Jan 5 22:12:22 2017 No.1711248 File: 44 KB, 409x409, comfy & sling.jpg [View same] [iqdb] [saucenao] [google] >>1710920 Am I hearing a slight hesitation in your voice. Well, remember what they say, it's only a loss if you sell...

Anonymous Thu Jan 5 22:13:00 2017 No.1711249
File: 3.69 MB, 500x332, 1468440198972.gif [View same] [iqdb] [saucenao] [google]

I have some BTC in Circle, but they have since changed their policy to not allow you to buy and sell BTC.

Should I eventually move them to a wallet? The thing is that they're fully insured, but I'm probably going to buy some more when the next crash happens and will have to learn to use a wallet (and want to keep them in the same place)

>>	Anonymous Thu Jan 5 22:19:44 2017 No.1711258 >>1711243 whut. explain how.

Anonymous Thu Jan 5 22:27:52 2017 No.1711276

>>1711258
BTC is a commodity. People fly to them when their currency is shaky to preserve capital. Majority of BTC are owned by China. China doesn't want to have a weak Yuan anymore because they want to be a global economic power with a reserve currency. If China's currency valuates, BTC will weaken a lot because the Chinese have majority control over the price of Bitcoins and will dump Bitcoins. Get it?

>>	Anonymous Thu Jan 5 22:28:13 2017 No.1711277 File: 92 KB, 650x867, IMG_0291.jpg [View same] [iqdb] [saucenao] [google] help get me into the BTC game? :) 1MqoptoGLhE3eY47GPNrHHoNW9fRTgkAQS

>>	Anonymous Thu Jan 5 22:29:28 2017 No.1711281 >>1711276 Yep. 95% of btc is owned by China.

>>	Anonymous Thu Jan 5 22:40:13 2017 No.1711312 File: 85 KB, 422x751, jew_trap.jpg [View same] [iqdb] [saucenao] [google] >>1704666 Same here. I spent about half the money I earned over the summer on bitcoins (got a nice 5.0) and holy shit I am going to have a smirk on my face all of 2017.

>>	Anonymous Thu Jan 5 22:48:37 2017 No.1711329 File: 53 KB, 320x240, tmp_12532-3412946061841.gif [View same] [iqdb] [saucenao] [google] >>1711276 You are smart. Teach us to be smart too.

>>	Anonymous Thu Jan 5 22:55:40 2017 No.1711347 File: 35 KB, 480x360, 1467020794857.jpg [View same] [iqdb] [saucenao] [google] >>1711276 >BTC is a commodity no it isn't. Copper or coffee are commodities. It's a crypto currency, a new and unique type of asset class

Anonymous Thu Jan 5 23:00:19 2017 No.1711354
File: 14 KB, 242x223, 1313177328985.jpg [View same] [iqdb] [saucenao] [google]

Who else had a bunch of coins in the early days, but then lost them or got hacked?

I had over 100 BTC from when they were under $5 a piece. Lost them all with Mt. Gox.

I'm praying for BTC to dissolve into nothing in order to prevent my future suicide.

>>	Anonymous Thu Jan 5 23:01:41 2017 No.1711357 >>1711347 > he thinks just because something is different it can behave exactly like another thing that already exists you are actually retarded

>>	Anonymous Thu Jan 5 23:02:09 2017 No.1711360 >>1711347 Commodities and currencies are not mutually exclusive you obtuse walrus.

>>	Anonymous Thu Jan 5 23:34:50 2017 No.1711403 >>1711249 Bumping this question please. Also, best wallet recommendation? Preferrably with at least 2 factor authentication

>>	Anonymous Thu Jan 5 23:44:34 2017 No.1711412 >>1711347 >These are the people telling you that BTC assure your path to wealth

>>	Anonymous Thu Jan 5 23:57:53 2017 No.1711429 >>1711354 I bought 50 bitcoins for $200 spent them on stuff

>>	Anonymous Fri Jan 6 04:09:03 2017 No.1711765 >>1711107 >>1711248 >"He was right about predicting a crash because a dip/correction happened" That's not how it goes. Especially when the dip/correction is due to temporary measures that are already undoing themselves. Seen the Yuan lately?

>>	Anonymous Fri Jan 6 04:11:35 2017 No.1711766 >>1711281 No. 95% of transactions currently take place in China, which doesn't mean all that much. There's no way to know who owns bitcoin where.

>>	Anonymous Fri Jan 6 07:46:34 2017 No.1712068 >>1711766 Aren't in China the greatest farms because of cheap energy?

>>	Anonymous Fri Jan 6 12:17:21 2017 No.1712557 File: 8 KB, 224x225, images.jpg [View same] [iqdb] [saucenao] [google] >>1711765 >>You must learn to read the signs, like me! Nice hat.

>>	Anonymous Fri Jan 6 12:27:40 2017 No.1712583 >>1711354 Did they ever found out where those mt gox btc went? I know early on they found like half of them, but what about the rest?

Anonymous Fri Jan 6 12:34:59 2017 No.1712600

>>1711766
It means a lot actually. Chinese whales are using it to safeguard their wealth from a weak yuan. They will dump more as the yuan strengthens which is exactly what happened yesterday. Everyday Chinese people aren't doing this in any significant numbers.

>>	Anonymous Fri Jan 6 12:41:06 2017 No.1712615 >>1711276 Do you know what the definition of commodity is you fucking retard?

>>	Anonymous Fri Jan 6 12:41:38 2017 No.1712619 >>1712600 The yuan is already shitting the bed against the dollar again. Yesterday was a ham-fisted bluff. >>1712068 Yes, and that partly explains the fact that 95% of transactions take place in China. Doesn't mean 95% of bitcoin is in China.

>>	Anonymous Fri Jan 6 16:33:54 2017 No.1713150 >>1700596 Bitcoin raised in value because of the holidays. The drug users are buying more drugs and demand increases. The holidays are ending, so the price will fall.

>>	Anonymous Fri Jan 6 16:38:21 2017 No.1713165 >>1712615 >Do you know what the definition of commodity is you fucking retard? It seems you don't either, hysterical bastard.

>>	Anonymous Fri Jan 6 19:42:05 2017 No.1713686 >>1700513 "...it will dip down to 600 won't it?" If I knew the answer to that I wouldn't be buying bitcoin, I'd be selling my services as a fortune teller.

Anonymous Fri Jan 6 20:01:40 2017 No.1713738

>>1706264
But ONLY if you can get higher acceptance from the public. If drug dealers and hookers are the only "merchants" who will accept bitcoin then it will be nothing but a short lived fad. Don't tell me about the one-off BMW dealer who takes bitcoin. He's an anomaly. I'll become involved with bitcoin only when just 25% of all merchants accept it. Right now it's not even close. I'll stick to gold and silver. Yes it can, and is manipulated (Deutsche Bank admitted as much this summer, hence the storm of lawsuit against them). As with everything timing of your purchase make all the diffetence.

>>	Anonymous Fri Jan 6 20:12:08 2017 No.1713759 >>1700543 That doesn't manipulate the value of either gold or bitcoin. That just inflates the fiat and devalues it in comparison.

>>	Anonymous Fri Jan 6 20:24:53 2017 No.1713785 >>1706096 Stack gold. It ALWAYS carries value.

>>	Anonymous Fri Jan 6 20:57:07 2017 No.1713874 >>1705347 http://fortune.com/2017/01/05/bitcoin-plunge-china-currency/ Just tryin' to help the blind to see and the deaf to hear!

>>	Anonymous Fri Jan 6 21:08:57 2017 No.1713903 Watch out for the following classic coiner pump cry: >damn, if only I had more money to buy these cheap coinz - I sure hope the price keeps dropping so I can get a bargain once I get paid :^) every, fucking, time

>>	Anonymous Fri Jan 6 21:10:58 2017 No.1713910 >>1710067 it was funny because btc dropped like 30% right after the post of the person saying "keep dreaming" in reference to the other anon saying it would crash

>>	Anonymous Fri Jan 6 21:11:56 2017 No.1713920 >>1713785 This is such a sad meme. Who do you sell it to in the situation you think its useful? Do you see the use of burying money in your backyard? No? Then stop falling for le precious metals maymay

Anonymous Fri Jan 6 21:14:52 2017 No.1713931
File: 252 KB, 570x300, 1482806225189.png [View same] [iqdb] [saucenao] [google]

>>1705089
You should have listened to Mr. /x/

He warned you and tried to dry your tears before you could cry.

Now the cup runneth over with dumps.

It will not stop.

This is called smite.

Anonymous Fri Jan 6 21:17:34 2017 No.1713938

>>1706217
When BItcoin halved it went up enough to keep the miners happy and that is all.

Twice the normal price and half the reward = no change for miner.

Now we are seeing what happens when you see a lady in red (China) and salivate all over her.

2013 / now = two pump chump

Anonymous Fri Jan 6 21:21:34 2017 No.1713947
File: 178 KB, 603x301, takeheroutback.png [View same] [iqdb] [saucenao] [google]

>>1708388
Bitcoin is teaching us the entire history of the U.S. dollar in just 8 years time.

We won't get the hyper inflation though in BTC.

That is reserved for the redpilled only.

Bluepilled coiners will go down with their selfserving meme ship all the way to the depths of the ocean.

>>	Anonymous Fri Jan 6 21:26:24 2017 No.1713960 You were warned and given an early xmas gift >>1685847 You laughed. Then you were warned one last time >>1698983 You laughed Let the casino burn you The house always wins

>>	Anonymous Fri Jan 6 21:29:21 2017 No.1713970 >near $800 Is it ogre lads? I bought in at the "new bottom" $1100... and I am down almost $300 in 2 days What the fuck is this scam shit

>>	Anonymous Fri Jan 6 21:31:26 2017 No.1713974 >>1713970 This is exactly what you get for listening to memers.

Anonymous Fri Jan 6 21:36:13 2017 No.1713987
File: 26 KB, 340x264, alcoholics-man.jpg [View same] [iqdb] [saucenao] [google]

Literally cold sweats right now watching my money evaporate

Shall I cut my loses?
Hold for the next few years to finally break even (doubt it'll be $1100 again for a LONG fucking time now)
Shall I go in more, to try and break even if it goes up quite a bit?

The fuck... can I call the police on this obvious scam shit?

You mother fuckers have robbed me of my hard earned money

Anonymous Fri Jan 6 21:38:32 2017 No.1713995

Alright guys - , how about we help eachother now instead of all trying to be scamming fuckers - everyone buy at the same time.

Pump this fucker one more time to the real moon

We can all be rich if we do it - pump it to $2000 or more, then we sell and forget this scam shit.

Fucking helllllllll

>>	Anonymous Fri Jan 6 21:41:40 2017 No.1714005 Can any bitcoiner explain why BitCoin is valuable? Why is it worth a single dime let alone $1000?

>>	Anonymous Fri Jan 6 21:41:50 2017 No.1714006 >>1713987 >>1713995 C O P E C O P E C O P E I've been telling you fags for days that the Chinese were playing you greedy nigs like a fiddle. >reminder until you sell your bitcoin you haven't made shit

>>	Anonymous Fri Jan 6 21:44:15 2017 No.1714015 >>1714005 Because Chinese nationalists pumped it to the fucking moon to steal money from dumb American NEETs.

>>	Anonymous Fri Jan 6 21:59:28 2017 No.1714082 >>1714015 Is bitcoin priced strictly in USD? So it's just a scheme to bring hard currency into China?

>>	Anonymous Fri Jan 6 22:00:09 2017 No.1714084 >>1705571 its only .2 go blow it all on steam

>>	Anonymous Fri Jan 6 22:01:59 2017 No.1714095 >>1705595 spent 30 mins reading this too, made 200$ off btc at the same time

>>	Anonymous Fri Jan 6 22:02:52 2017 No.1714099 fuck me i'm always panic selling

>>	Anonymous Fri Jan 6 22:05:17 2017 No.1714107 Need to use more drugs, less emotions

>>	Anonymous Fri Jan 6 22:08:55 2017 No.1714112 ONE NOTHING WRONG WITH ME

Anonymous Fri Jan 6 22:10:03 2017 No.1714116

>>1714082
China yuan weakens.
China restricted exchange of their currency for other currencies.
Chinese whales buy up a shitton of bitcoin to shore up there funds.
Yuan strengthens
Chinese whales dump their fat loads of buttcoins.
Coiners commence their coping.

>reminder until you guys sell your coins you haven't made shit

>>	Anonymous Fri Jan 6 22:15:56 2017 No.1714134 some trading music https://www.youtube.com/watch?v=ocW3fBqPQkU

>>	Anonymous Fri Jan 6 22:22:36 2017 No.1714155 File: 86 KB, 1440x1017, Screenshot_2017-01-06-19-16-16-1.png [View same] [iqdb] [saucenao] [google] Ahahhahahhhaha!!!!! Coin cucks BTFO!!!!! Ready for 200$?!

>>	Anonymous Fri Jan 6 22:25:45 2017 No.1714166 >>1714155 >implying it's still that high

>>	Anonymous Fri Jan 6 22:46:27 2017 No.1714214 >>1707960 rich nocoiner here what are the prospects of bitcoin under Trump? Do you guys WANT him to crash USA with no survivors so Bitcoing becomes God? Or vice versa?

>>	Anonymous Sat Jan 7 03:54:05 2017 No.1714803 It all returns to nothing it all comes tumbling down tumbling down TUMBLING DOWNS TUMBLING DOWN TUMBLING DOWN TUMBLING DOWN

Anonymous Sat Jan 7 03:57:02 2017 No.1714808

>>1713987
Stop being so nervous, you've been warned many times that this is a long game.
What happened was currency manipulation, so the system got a shock and the correction came hard and early.

Other than that, nothing has changed and all the elements are still there for growth. In time.

>>	Anonymous Sat Jan 7 03:58:59 2017 No.1714810 >>1714214 Nobody knows. Maybe he will tweet about it

>>	Anonymous Sat Jan 7 04:02:10 2017 No.1714814 what's the best site to buy/sell cryptos?

Anonymous Sat Jan 7 04:03:19 2017 No.1714816

>>1714214
>what are the prospects of bitcoin under Trump?
Dollar is going to moon, and emerging countries will see their currencies go to shit against it, making them look for alternative stores of value.

If you think Bitcoin grew impressively over the last months, watch what happens over the next year(s).

Butthurt China will of course try to retaliate, but in the long run it will change nothing.

Anonymous Sat Jan 7 04:59:49 2017 No.1714875

>>1714816
>emerging countries will see their currencies go to shit against it
And the EU of course, lol.

But then the EU doesn't need the dollar to moon or government-issued currency manipulation to go to shit. More tone-deaf lefty multikulti will do the trick nicely.

>>	Anonymous Sat Jan 7 06:43:10 2017 No.1715005 >>1714816 Drumpf is gonna get impeached his first week

>>	Anonymous Sat Jan 7 07:23:04 2017 No.1715051 >>1715005 O-okay. If you say so.

>>	Anonymous Sat Jan 7 11:05:39 2017 No.1715302 >>1700517 Nice call. 21% drop Jan.5.

>>	Anonymous Sat Jan 7 11:07:39 2017 No.1715311 nocoiner here, how quick are transactions settled? im sure to buy is quick but what if i wanna sell?

>>	Anonymous Sat Jan 7 11:09:59 2017 No.1715314 >>1715311 instant, only sending btc by hand from an address to another address takes long (long story, will be fixed). trading is instant

Anonymous Sat Jan 7 11:17:01 2017 No.1715322

>>1702709
If you're so confident in bitcoin why are you stopping at $500. Hell I can root around between the cushions on my sofa and find $500. Don't be a pussy! Put your money where your mouth is and drop everything you have on bitcoin.

*crickets*

Exactly what I thought, trying to draw in the suckered to create a selling opportunity.

>>	Anonymous Sat Jan 7 11:19:27 2017 No.1715325 >>1703471 PRECISELY!

>>	Anonymous Sat Jan 7 11:19:58 2017 No.1715328 >>1715322 >trying to draw in the suckered to create a selling opportunity On one of the slowest boards of 4chan?

>>	Anonymous Sat Jan 7 11:28:35 2017 No.1715342 Make sure you transferred into altcoins or stopped trading BTC/USD. I've been trading this shit for 3 years. Its going to get uglier.

>>	Anonymous Sat Jan 7 11:36:17 2017 No.1715353 >>1715322 >create a selling opportunity He better hope so. Otherwise, he's probably fucked.

>>	Anonymous Sat Jan 7 11:44:11 2017 No.1715372 >>1715342 State your arguments, other than "trust me guys, I'm an oldfag".

Anonymous Sat Jan 7 11:45:29 2017 No.1715374

>>1713920
Keep telling yourself that oh foolish buttcoin hoarder. Gold ALWAYS is in demand. Buttcoin..........not so much. Who wants to invest in a queer computer algorithm, a collection on 1's and 0's that, just like fiat currency, can and will return to it's intrinsic value. ZERO. Buttcoin is nothing more than a game of "musical chairs". Each buttcoin hoarder is trying to convince the whole world to buy and get in so they can sell and get out.

I'll CONSIDER buying buttcoin on the day I can go down the street, to ANY gas station and fill up using bitcoin. If you are limited in the use of the item what the fuck good is it. Gold and silver coins are good for both the value of the precious metal they are minted from AND the face value of the coin (which only a fucking idiot would do transactions using face value).

>>	Anonymous Sat Jan 7 11:45:53 2017 No.1715375 >>1715372 Well. The price dropped more than 15% Pretty fuckin obvious smart money stays out when volatility increases.

>>	Anonymous Sat Jan 7 11:48:10 2017 No.1715382 >>1715375 That suggests sideways consolidation, not more crashing.

Anonymous Sat Jan 7 11:54:17 2017 No.1715386

>>1713987
Dude what the fuck did you think would happen? You bought a bunch of computer generated "numbers and letters" with absolutely no real world value, government backing or general public support. Bitcoin is a HUGE Ponzi scheme. It's Russian Roulette, with a fully loaded revolver.

>>	Anonymous Sat Jan 7 11:58:27 2017 No.1715395 >>1715386 The fact that it's just "numbers and letters" is part of the reason why governments, banks, etc. can't control it. Especially when it gets bigger.

>>	Anonymous Sat Jan 7 12:27:40 2017 No.1715445 >>1715395 >Hurr durr dey can't sterp it Get real. They don't have to control it to put a stop to it or put at an alternative.

Anonymous Sat Jan 7 12:30:15 2017 No.1715451

>>1715445
They simply CANNOT put a stop to it, that's the nature of bitcoin.
And why would anyone want an alternative that is under their control?

Best they can do is crack down on exchanges, but that will simply push bitcoin underground where they certainly won't have any control at all. So they won't do that either.

Anonymous Sat Jan 7 12:31:10 2017 No.1715453

>>1715374
>Gold and silver coins are good for both the value of the precious metal they are minted from AND the face value of the coin
In most countries, it's illegal to melt down coins for the metal value. So unless you're foreseeing breaking the law or some post-apocalyptic breakdown of society where precious metals are still valued for whatever reason, this argument is moot.

Anonymous Sat Jan 7 12:31:36 2017 No.1715454

>>1715395
You're making the usual coiner mistake, you're not addressing everyone's most pressing problem with bitcoin, the lack of "real" underlying value but you stress the "control" (or, more properly, the lack of goverment control) issue. This puts everyone on edge. Until someone can adequately explain how a collection of random number and letters can equate to monetary value crypto-currency will always remain an anomaly. A fad. An aberration that no one will take seriously. The ONLY way crypto-currency will ever work is to gain governmental or general public acceptance (like all fiat currency). Crypto-currency is the ultimate fiat currency ("let it be done") to the extreme). The issue of "what's backing bitcoin" will always haunt it, and until an adequate explanation is given bitcoin will remain nothing more than a game of musical chairs with an extremely small number of players taking advantage of one another. The Chinese pump and dump the other day should have taught everyone this.

Anonymous Sat Jan 7 12:35:01 2017 No.1715457

>>1715451
Yea and they've accomplished their goal of stopping to from becoming a currency.

Until bitcoin is easy for the average person to get, can be used to buy everyday goods and services, and gets passed major technical and legal loopholes it will be nothing more than a tool for speculation and gambling.

>>	Anonymous Sat Jan 7 12:42:01 2017 No.1715463 >>1715328 REALLY?! You can't be that obtuse. You do realise he didn't suggest buying and selling on 4chan, right. You couldn't have possibly gotten that from OP.

>>	Anonymous Sat Jan 7 12:43:58 2017 No.1715468 >>1715005 With Republican House and Senate.....not likely.

>>	Anonymous Sat Jan 7 12:54:48 2017 No.1715487 >>1714005 Pours martini, sits in recliner, makes himself comfortable I can't wait for the coiners answer to your question. They always have creative explanations for where the underlying value of crypto-currency comes from.

Anonymous Sat Jan 7 12:57:24 2017 No.1715491

>>1715454
You're off the mark by a mile.

Currency is usually inherently worthless, or we'd all be bartering cars, homes, food, etc.
Throughout history, currency has always been things with almost no practical applications, like shells, beads, gold, whale teeth, ...
Pretty much the only requirements for money have always been that be easy to carry and easily recognizable (hard to counterfeit).

Currency value has ALWAYS been whatever people attribute to it, something entirely fictional.

Fiat money for instance is by definition entirely devoid of "real" underlying value.
As the name implies, the value lies in the government saying "let it be so" as they hit the printing press solely on a promise someone made in writing.

Bitcoin at least has a predetermined limit amount, so it won't lose value simply by continuing to exist, and isn't led by top bankers or politicians.

>>1715457
>Yea and they've accomplished their goal of stopping to from becoming a currency.
What?

>>1715463
Promoting bitcoin on /biz/ isn't going to dent the price one bit though. There are far too few people ever on here.

>>	Anonymous Sat Jan 7 12:58:45 2017 No.1715496 >>1714005 They have value because there's a limited number of them, they can't be counterfeited, can be traded and can be divided. The actual value is given by the supply and demand.

>>	Anonymous Sat Jan 7 13:00:43 2017 No.1715499 >>1715454 Grandpa still doesn't understand Bitcoin :,)

Anonymous Sat Jan 7 13:02:39 2017 No.1715504

>>1715491
You guys never have an answer for the big questions. How is bitcoin going to handle the legal and technical hurdles to becoming a worldwide currency instead of a fringe commodity used mostly by Chinese and criminals to hide and hedge their money?

>it will le go underground doesn't count

Anonymous Sat Jan 7 13:07:19 2017 No.1715512

>>1715504
Simple: by growing.

The more it grows, the more stable it becomes, the more it becomes attractive, the more it grows.

Also, the more it grows, the more impervious it becomes to government influence.

It cannot be deleted, and it would be pretty stupid and ineffectual for any government to willingly push bitcoin into the black market where they are guaranteed not to have any control whatsoever.

Anonymous Sat Jan 7 13:13:29 2017 No.1715524

>>1715512
The US has gone to war to protect the petrodollar and their hegemony. China censors their internet and has been cracking down on currency exchange and access to bitcoin.

You're going to sit their and tell me governments just going to roll over and let it happen? You're delusional and their are so so so many other factors to consider here that we haven't even begun to address.

Anonymous Sat Jan 7 13:19:46 2017 No.1715534

>>1715524
There's nothing they can do at this point.

>The US has gone to war to protect the petrodollar and their hegemony.
Can't bomb the internet.

>China
China is probably the country with the strictest internet laws, and yet that's where over 90% of bitcoin transactions take place.
China bans shit from the internet all the time, yet the best they can do about bitcoin (without outright pushing it underground) is issue warnings about how to use it.

Anonymous Sat Jan 7 13:39:51 2017 No.1715576

>>1715534
>Can't bomb the internet.

I'm just stating they've done a lot more to protect the status quo.

>China is probably the country with the strictest internet laws, and yet that's where over 90% of bitcoin transactions take place.
China bans shit from the internet all the time, yet the best they can do about bitcoin (without outright pushing it underground) is issue warnings about how to use it.

Yea by Chinese whales. The average Chinese person isn't engaging in this. I've lived in China. They don't care about buttcoins, they are very patriotic to a fault, and wouldn't believe in the thing you feel about crypto-currency anyway. At best they would thing they could maybe make a buck or two with it.

You are simplifying a very complex thing because you are emotionally invested in this and are wearing blinders. That and/or you're just a greedy fool.

Anonymous Sat Jan 7 13:43:46 2017 No.1715582

>>1715576
>I'm just stating they've done a lot more to protect the status quo.
You'd have to unplug the internet all over the world to stop bitcoin.
Sure they might try, and there will be an effect, but ultimately bitcoin is unstoppable as long as people want it.

>The average Chinese person isn't engaging in this.
Only because the average Chinese person is dirt poor.

Anonymous Sat Jan 7 13:50:07 2017 No.1715595

>>1715582
>You'd have to unplug the internet all over the world to stop bitcoin.
Sure they might try, and there will be an effect, but ultimately bitcoin is unstoppable as long as people want it.

All they have to do is demonize and drive it underground. Then normies all over will want nothing to do with it. That's your "effect" as you so downplay it.

>>	Anonymous Sat Jan 7 13:52:40 2017 No.1715597 >>1715595 Look up Streisand effect. Also, it might become entirely unpopular for a number of reasons, but it simply will not go away as long as the internet exists anywhere around the world.

Anonymous Sat Jan 7 14:01:20 2017 No.1715612

>>1715597
The Streisand effect has nothing to do with people's money being on the line. If the news (and it already has) start's covering it (which they will if the government starts talking more about it) and gives it a bad reputation that's not good for bitcoin.

Are you capable of being critical of bitcoin at all? I'm not going to discuss this further if you're just going to hand-wave every potential issue as if it's nothing.

>>	Anonymous Sat Jan 7 14:06:30 2017 No.1715618 1MqoptoGLhE3eY47GPNrHHoNW9fRTgkAQS Help me get started with BTC?

>>	Anonymous Sat Jan 7 14:07:26 2017 No.1715620 >>1715612 >The Streisand effect has nothing to do with people's money being on the line. That makes zero sense.

Anonymous Sat Jan 7 14:11:32 2017 No.1715623

>>1715620
>The Streisand effect is the phenomenon whereby an attempt to hide, remove, or censor a piece of information has the unintended consequence of publicizing the information more widely, usually facilitated by the Internet.

It doesn't suddenly mean that people will start throwing their money at it you obtuse little shit. Who says the government will hide their subversion of it? All they have to do is let the news demonize it.

Anonymous Sat Jan 7 14:13:02 2017 No.1715629

>>1715623
>It doesn't suddenly mean that people will start throwing their money at it
It very well might if the conditions are there.

Never said it's 100% guaranteed though.

>All they have to do is let the news demonize it.
http://www.gallup.com/poll/195542/americans-trust-mass-media-sinks-new-low.aspx

>>	Anonymous Sat Jan 7 14:45:01 2017 No.1715676 >>1715618 fucking kill yourself

>>	Anonymous Sat Jan 7 14:50:42 2017 No.1715688 So guys, where and how do you buy your bitcoins?

>>	Anonymous Sat Jan 7 14:52:32 2017 No.1715693 >>1715688 we need a sticky

>>	Anonymous Sat Jan 7 15:01:47 2017 No.1715709 >>1715693 yes pls >>1715688 reddit says gemini is good

Anonymous Sat Jan 7 15:44:29 2017 No.1715773

>>1715496
>The actual value is given by the supply and demand.
>demand

Alright, what demand do you see for BTC? What's its usecase? Right now 90+% of BTC owners use it to speculate on exchange rates I reckon. What would create any actual demand? Apart from buying drugs, hiring hitmen and paying ransoms perhaps. And even then you can't really beat a suitcase filled with unmarked bills. I don't see a clear advantage of BTC that would lead to widespread adoption. It's a novelty, but horribly inconvenient compared to fiat. That's no way to win over crowds.

>>1715451
>They simply CANNOT put a stop to it, that's the nature of bitcoin.

Okay. But they can pass a law that you aren't allowed to pay with BTC / accept BTC. No usecase for BTC, means no market for BTC, means any wider adoption is effectively halted. And don't start with the anonymity bullshit. BTC may be digital, but humans aren't. Anything we use or consume has to have real world ties to our physical body (including illegal drugs). So any way to meaningfully use BTC will always be non-anonymous and tracable.

>>1715491
>Throughout history, currency has always been things with almost no practical applications, like shells, beads, gold, whale teeth, ...
>Currency value has ALWAYS been whatever people attribute to it, something entirely fictional.

True, but gold has a four thousand year history of attributed value. Paper money has hundreds of years and all the nation states behind them. BTC has... math, I guess? It's solid and a nice a start, but by your admission we're mainly talking about peoples' reactions, not facts. Why should people trust BTC when it's just cryptography they don't understand? Anything else you've mentioned is physical, non-digital. You can't assume that the general public will react the same to a lump of gold they can excert physical control over and a string of 1s and 0s that "magically" may or may not contain their wealth.

>>	Anonymous Sat Jan 7 15:44:36 2017 No.1715774 File: 3.44 MB, 480x350, Alex Jones super saiyan gif.gif [View same] [iqdb] [saucenao] [google] >>1701249 >dumb cunts ruining a man's life par for the course

Anonymous Sat Jan 7 16:08:28 2017 No.1715816

>>1715773
>they can pass a law that you aren't allowed to pay with BTC / accept BTC
Won't affect the rest of the world.
It'll just continue to exist.

>True, but gold has a four thousand year history of attributed value.
Sure.
But it only takes a generation for internet and computers to be fully ingrained into human culture.
Even old people have no trouble understanding money in online bank accounts, and bitcoin is basically the same principle in practice.

>Paper money has hundreds of years and all the nation states behind them. BTC has... math, I guess?
Paper money used to represent gold. Now it also just has math.

Anonymous Sat Jan 7 16:44:03 2017 No.1715884

>>1715773
In order to buy coins you need money.

In order to have money, you need to produce something.

Therefore bitcoin is the indirect exchange of one's production for someone else's, just like any currency.

Most people are holding onto bitcoin because they trust them more than they trust their fiat currency. Most people have hopes of their savings actually growing their purchasing power with time, which is what would happen if inflation didn't exist.

Anonymous Sat Jan 7 16:56:15 2017 No.1715906

>>1715816
>It'll just continue to exist.
Yes, but it'll essentially useless (and therefore lose much of its value). Also, you're moving the goal posts. It was a response to
>part of the reason why governments, banks, etc. can't control it
Point is, they can. They can probably shut it down by DDoSing all nodes, which shouldn't be a problem for a medium-size state actor, but even if they couldn't they can make it useless in real world applications.

>But it only takes a generation for internet and computers to be fully ingrained into human culture.
Agreed. But only if there's an incentive to move from bank transfers, cc, paypal, etc. Widespread adoption happens because something's useful or absolutely necessary. Highly doubt BTC clears either of that for Joe Internet-user. Bank transfer is easier and safer so why switch to BTC?

>>1715884
>Therefore bitcoin is the indirect exchange of one's production for someone else's, just like any currency.
Sure, but if you have the money first - why switch? What does BTC offer? That's my question - what's the usecase.

>Most people are holding onto bitcoin because they trust them more than they trust their fiat currency.
Do you even believe that yourself? Most people clearly hold it to speculate on exchange rates. If people were looking for a trusty way to store their value there is no way they'd go for the obscure crypto coin that just lost 20% value in 2 days. BTC is everything but safe, never has been, probably won't be for at least a few years.

Anonymous Sat Jan 7 17:03:11 2017 No.1715915

>>1715906
>Do you even believe that yourself? Most people clearly hold it to speculate on exchange rates. If people were looking for a trusty way to store their value there is no way they'd go for the obscure crypto coin that just lost 20% value in 2 days. BTC is everything but safe, never has been, probably won't be for at least a few years.

It's not what I believe, it's what bitcoin properties are. Bitcoin, as gold, is limited, but unlike gold, there's a pinch of hope that it might be out of government's reach, which is what many people want for their savings.

I'm not denying there's speculation, there's speculation with absolutely everything and speculation is good because it adds more agents to the exchanges, which allows it to get the market value more established. To put it shortly, without speculation there would not be as much production being indirectly (as I explained before) poured into bitcoin, which would make it worthless. So even if people egoistically are planning to get rich, they are making everyone else rich, too. That's how economy works, it ain't zero sum.

Anonymous Sat Jan 7 17:11:11 2017 No.1715929

>>1715906
>but it'll essentially useless (and therefore lose much of its value)
Not only will people in the country of the ban continue to use it, but everyone else too.
One country outlawing bitcoin doesn't make it useless.

>They can probably shut it down by DDoSing all nodes
You watch too many movies.
Nothing on the internet has ever been easy to enforce or shut down, especially p2p stuff.
Individual websites, sure.

>Bank transfer is easier
That's just a matter of streamlining, online bank transfers used to be a lot less convenient too just a few years ago.

>and safer
No.

>so why switch to BTC?
Everything that makes cryptocurrency different from fiat currency.

Anonymous Sat Jan 7 17:47:22 2017 No.1716018

>>1715499
More precisely, you don't get it. Being an asshole won't change a thing.

The OP hit it out of the park. You're so smart you explain what is the intrinsic underlying asset that is backing bitcoin. A fucking mathematical algorithm! Give me a Goddamned break. Until you can answer that question so "grandpa" can understand it (because, face it, grandpa has all the money and you have less than shit) bitcoin will be nothing more than the new beanie baby.

Bitcoin is a currency (and I'm using that term very lightly) that isn't trusted by corporations, governments or the public at large. It's primary use is to be traded back and forth between a small group of people in what seems like a bad version of musical chairs. Looking from the outside in, bitcoin traders look like a bunch of NEETs living in Mommy's basement trading Pokémon cards. The player's all think they're the smartest guy in the room. Everyone else sees a bunch of idiots passing a cardboard trading card back and forth declaring it has a tremendous amount of value and trying to sucker everyone else into the game. Coiners need to learn you have to explain bitcoin so the "average guy" gets it.

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