Guys, help me. I'm losing shitloads of money right now. BTC is crashing hard. How do I sell at the price it was a few hours ago? Please, I spent a few thousand on these things and it's all I have left. This is a very hard situation for me. Please help, I'm freaking out, I don't know what to do.

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Anonymous Thu Mar 27 19:19:22 2014 No.243441 [DELETED]

Guys, help me. I'm losing shitloads of money right now. BTC is crashing hard. How do I sell at the price it was a few hours ago?

Please, I spent a few thousand on these things and it's all I have left.

This is a very hard situation for me. Please help, I'm freaking out, I don't know what to do.

>>	Anonymous Thu Mar 27 19:22:51 2014 No.243452 >selling low >thinking this is a crash For the love of god, OP. Just wait until the price goes back to your previous price in a couple of days and take it all out, since you clearly don't have any idea of how to properly invest in things.

>>	Anonymous Thu Mar 27 19:27:51 2014 No.243472 bitcoins will be woarth a little less than 2000$ before christmass. Screencap this.

Anonymous Thu Mar 27 19:29:51 2014 No.243475

That's what you get for buying pretend money with real money.

Don't sell out right now.

RetardCoins constantly bubble up and down. Just wait till the jews artificially inflate it back up and then try to sell out as close to breaking even as you possible can.

If you're going to spend real money to invest, then at least do it like an adult and not a fucking mlp neckbeard autist with no education.

It's not hard or even risky to just buy a bunch of growth stock mutual funds.

Stop falling for these Xcoin scams. All of these threads are either made by shills or other retards

Anonymous Thu Mar 27 19:36:21 2014 No.243504

>>243441

for the moment just calm the fuck down
>hope it is just a dip and let some even newer bitchumps buy the dip
Sell 75% once you get a decent pop (even if you are just eating a small loss)

don't invest more in cryptos than you are willing to lose

>if you are sincere in this post get out of crypto's and even day trading and get some S&P 500 ETF's and long term value stocks…if you are panicking it is not right for you at this point. Either the volatility or the size of your investment.

Anonymous Thu Mar 27 19:37:51 2014 No.243508

create 1000 different twritter accounts

create 1 python spam bot that logs into each of these accounts and spams pro bitcoin crap

Create thousands of different accounts for news sites

use python bot to login to these and spam pro bitcoin stuff

cash out

>>	Anonymous Thu Mar 27 19:39:22 2014 No.243513 The only people who got rich during the gold rush were the pick axe merchants op. The only way to get rich from bitcoins is to start your own bitcoin exchange in Malta or Nigeria and then pocket all of the money and then go into hiding after.

>>	Anonymous Thu Mar 27 19:40:22 2014 No.243514 >>243452 >>243472 >>243475 >>243504 why are you all being faggots? btc is going back to where it belongs, a couple of dollars

>>	Anonymous Thu Mar 27 19:41:21 2014 No.243518 >>243508 That's about how your average -coin buyer does anyway, so at least he's part of the crowd

>>	Anonymous Thu Mar 27 19:41:21 2014 No.243520 troll harder, fgt screencaps of your buy orders or grampafag

>>	Anonymous Thu Mar 27 19:41:51 2014 No.243522 >>243508 That's not funny. I invested 20k in these when they were 800 bucks. I've ruined the next 5 years if savings for myself. I'm lost. I don't know what to do. I'm panicking.

>>	Anonymous Thu Mar 27 19:42:21 2014 No.243527 File: 34 KB, 407x482, 1306063480538.jpg [View same] [iqdb] [saucenao] [google] >>243522 >investing 20k in monopoly money top kek

>>	Anonymous Thu Mar 27 19:42:51 2014 No.243523 >>243522 like the man said, cash out. this is going much lower. the dream is being crushed.

>>	Anonymous Thu Mar 27 19:43:21 2014 No.243528 >>243441 Just relax dude. The price is falling due to news of Chinese regulation, once all actors will learn about it, it'll stabilize and climb back up.

>>	King of Shitposting !HI80DECbKc Thu Mar 27 19:43:21 2014 No.243529 >>243522 Why are you panic selling, you fucking moron? Just wait until the dip is over.

>>	Anonymous Thu Mar 27 19:44:21 2014 No.243535 >>243522 20k is a fart in the wind man, I wouldn't worry about it.

>>	Anonymous Thu Mar 27 19:44:52 2014 No.243533 >>243522 I really really really really hope you're just joking I still refuse to believe that anyone has spent more than a few hundred dollars in this and that all this buttcoin nonsense is just internet role playing when the bubble crashes

>>	Anonymous Thu Mar 27 19:45:51 2014 No.243537 Why are you panic selling? Just wait until your entire investment is wiped out with no chance of recovery.

>>	Anonymous Thu Mar 27 19:46:51 2014 No.243540 >>243523 It's not going below the 400$ mark is it?

>>	Anonymous Thu Mar 27 19:47:51 2014 No.243543 >>243522 >investing 20k in buttcoin Given the context, either trolling or idiot who deserves to lose everything.

>>	Anonymous Thu Mar 27 19:48:21 2014 No.243544 Fake Post, Fake Money

>>	Anonymous Thu Mar 27 19:48:52 2014 No.243548 >>243540 Nigga it's gonna go below the $4 mark.

Anonymous Thu Mar 27 19:52:51 2014 No.243559

>>243540
i think it's going much lower, bro. but it's just my opinion.
>the chinks don't want it anymore
>gov'ts of the world made pretty clear it'll never be considered "money" and should be used at one's own risk
>banks and corporations have too much at stake to even touch it

leaves the black market and money laundering, its only real usefulness and this should determine its price (not 400, not even 300 or 200 imo)

but you're your own master, bro. decide wisely.

>>	Anonymous Thu Mar 27 19:56:21 2014 No.243568 >>243540 The market value of Bitcoins and all other cryptocurrency is well under $5.

>>	Anonymous Thu Mar 27 20:03:21 2014 No.243584 >>243441 look at 1d charts, price always retraced like atleast 75% after sudden drops like this in the next days noob

>>	Anonymous Thu Mar 27 20:05:51 2014 No.243592 Bitcoin is going to drop to less than a dollar

>>	Anonymous Thu Mar 27 20:06:22 2014 No.243593 >>243441 >>243441 DOn't rush to dump. Pretend you've already lost everything and forget you ever invested in btc.

>>	Anonymous Thu Mar 27 20:16:21 2014 No.243609 SELL AND CUT BACK LOSSES OP DONT BE A RETARD. LEARN TO LOSE

Anonymous Thu Mar 27 20:16:51 2014 No.243610

>>243559
This, especially since every government is having their say. I would probably blame this dip on the IRS regulations that were released a few days ago (among the other rulings and regulations being handed down in other countries). The legit people want out, because it's not easy peasy lemon squeezy anymore, it's "property" and all that entails among other things and it's getting too much of the wrong kind of attention (mostly from regulatory authorities and people that suck the fun out of frivolous investments).

Also, never invest more than you can afford to lose, dumbass.

>>	Anonymous Thu Mar 27 20:18:21 2014 No.243616 I'm in the same boat, OP. I invested 20$ in bitcoin in hopes of making a 2x return. I'm going to leave everything. This is terrible

>>	Anonymous Thu Mar 27 20:20:21 2014 No.243617 >>243616 Hot damn bro, how will you eat?

>>	Anonymous Thu Mar 27 20:22:21 2014 No.243621 >>243441 If anything, buy more stupid. Bargain discount millionaire prices we got right here.

>>	Anonymous Thu Mar 27 20:22:51 2014 No.243623 >>243621 Remember when BTC dropped to 800$ and people were saying "BUY BUY BUY BUY BUY"? Don't be that guy.

>>	Anonymous Thu Mar 27 20:24:51 2014 No.243627 SELL SELL SELL BEFORE ITS TOO LATE you can lose a small amount now or you can lose it all tomorrow!

>>	Anonymous Thu Mar 27 20:25:22 2014 No.243632 >Have about .01 BTC >Consider cashing out last week when it's ~$650 >Meh, I'll hold I'm so glad I don't have any actual stake in this.

>>	Anonymous Thu Mar 27 20:25:51 2014 No.243630 >>243623 You'll give a shit once 2016 rolls around.

>>	Anonymous Thu Mar 27 20:27:21 2014 No.243634 LE CHEAP COINS

>>	Anonymous Thu Mar 27 20:27:21 2014 No.243635 File: 18 KB, 480x449, 1393553716964.jpg [View same] [iqdb] [saucenao] [google] >>243522 kill yourself

>>	Anonymous Thu Mar 27 20:27:51 2014 No.243638 What's going on? Is this because of the IRS ruling? Are people realizing that bitcoin is fundamentally worthless?

>>	Anonymous Thu Mar 27 20:31:21 2014 No.243644 File: 52 KB, 1015x348, btc bottom.jpg [View same] [iqdb] [saucenao] [google] W-we bottom now?

>>	Anonymous Thu Mar 27 20:32:22 2014 No.243646 >>243644 no 400 might be a good spot for the next 24h

>>	Anonymous Thu Mar 27 20:32:22 2014 No.243648 >bought 15k of btc when it was 100$ >got option to cash out 30k when it as 900$/coin by buying kncminers >see price dropping >cashed out 30k meh i'm holding the rest of my coins

>>	Anonymous Thu Mar 27 20:32:51 2014 No.243651 >>243644 IT HASN'T EVEN BEGUN. SELL SELL SELL

Anonymous Thu Mar 27 20:32:51 2014 No.243652

>What a bunch of P*SS**S we are. We're all bummed, trying to act happy. This is wrong. This ain't democratic. Its fascist. Let's sue the IRS, I got 5 bitcoins ready to go right now. Lawyer up.

An actual, factual post from /r/bitcoin

Whenever I'm feeling down, I just head over there for some tip-top lels.

>>	Anonymous Thu Mar 27 20:34:21 2014 No.243655 File: 2.74 MB, 270x266, 1395257418423.gif [View same] [iqdb] [saucenao] [google] >>243652 >/r/bitcoin

>>	Anonymous Thu Mar 27 20:34:51 2014 No.243657 >>243652 just tell them that 0.00001BTC = 0.00001BTC

>>	Anonymous Thu Mar 27 20:39:51 2014 No.243672 File: 175 KB, 1000x1000, gummy.jpg [View same] [iqdb] [saucenao] [google] >>243657 kek

>>	Anonymous Thu Mar 27 20:50:51 2014 No.243700 ITT: same fgts who panic sold 'last time' China outlawed batcoin then cried when it peaked back to 1k less than a month after asking why nobody told them to HODL. sell and quit bitchin fgt. you obviously want to be a daytrader

>>	Anonymous Thu Mar 27 21:10:51 2014 No.243748 >not selling a bear market plebs

>>	Anonymous Thu Mar 27 21:13:21 2014 No.243754 File: 336 KB, 175x272, 1391832996024.gif [View same] [iqdb] [saucenao] [google] YES, DIE!! DIEEEEEEEEE

>>	Anonymous Thu Mar 27 21:26:51 2014 No.243787 So how exactly does buttcoin present any sort of value?

>>	Anonymous Thu Mar 27 21:28:21 2014 No.243796 >>243787 the same way any currency does, it's value is only relative to those who value it. It is a currency that is backed up by it's respective holders, just like the us dollar and pretty much any other currency in existence.

>>	Anonymous Thu Mar 27 21:29:21 2014 No.243798 >>243475 You mean buying pretend money with pretend money?

Anonymous Thu Mar 27 21:31:22 2014 No.243804
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>>243796
But every other currency is backed up by their respective civilization. You know shit has hit the fan when your currency does.

BCT is backed up by? /mlp/ autistic neck beards?

>>	Anonymous Thu Mar 27 21:34:51 2014 No.243813 >>243522 just fucking hold ya cunt. don't be weak handed

Anonymous Thu Mar 27 21:37:21 2014 No.243821

>>243804
That is your philosophical interpretation. To some people, a civilization is just a faction, and if they back up there respective currency. In certain views of economics, a currency is only as strong as it's regulating body, which, of course, from a classically libertarian viewpoint (including certain interpretations of socialism and anarchism), makes crypto-currencies incredibly strong.

UTC +5:30 Thu Mar 27 21:37:51 2014 No.243826
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>>243623
>Remember when BTC dropped to 800$ and people were saying "BUY BUY BUY BUY BUY"?
>Don't be that guy.

Remeber 2011 when Bitcoin dropped to 3$ from 3X$?
people were saying "monopoly money, s-shit never becomes successful, it's all ogre, SELL, SELL, SELL"?
>Don't be that guy.

>>243804
>But every other currency is backed up by their respective civilization. You know shit has hit the fan when your currency does.
>BTC is backed up by? autistic neck beards?
implying there is a stronger force on this planet.

>>	Anonymous Thu Mar 27 21:41:22 2014 No.243835 >>243821 >only as strong as its regulating body >cryptocurrencies have no regulating body >therefore they're somehow strong If by strong you mean vulnerable to all sorts of market attacks, sure.

>>	Anonymous Thu Mar 27 21:42:51 2014 No.243839 Man, check out that bounce with strong volume.

>>	Anonymous Thu Mar 27 21:44:51 2014 No.243849 File: 347 KB, 326x904, 1395731432749.png [View same] [iqdb] [saucenao] [google] >SELL WHILE IT'S LOW have you guys ever taken a fucking math class

>>	Anonymous Thu Mar 27 21:46:21 2014 No.243853 >>243796 >the same way any currency does >currency >Still thinks BTC is a currency The IRS will be in touch soon to collect their taxes.

Anonymous Thu Mar 27 21:50:22 2014 No.243868

>>243835
Any given faction is made up of people, and said people enforce it's currencies value. The "regulating body" just doesn't regulate it in statist terms. You can't steal bitcoins, you can't manipulate there inflation, the infrastructure is infinitely repeatable as long as you have internet access, and most fucking importantly, you can't tax them.

Anonymous Thu Mar 27 21:51:21 2014 No.243871

>>243804
>BCT is backed up by? /mlp/ autistic neck beards?
Remind me this copypasta:

There are only 4 kinds of people who own(ed) Bitcoins:

01. The drug addict too inexperienced to know how to buy drugs in his or her area.

02. The experienced day trader who caught the beginning of the pump, dumped at the peak, and then shorted the dump (left Bitcoins weeks/months ago, except if only in a shorting position). ***Not a single person on /pol/ or le leddit is this person.***

>Now for the /pol/esque 'people' in Bitcoins

03. The Edge Master 9000 conspiracy theorist who actually thinks Bitcoins will legitimately replace other currencies, and thinks they have intrinsic value. Likely a minarchist, anarcho-capitalist, mutualist, syndicalist, bed wetter, Stefan Molyneux and/or Adam Kokesh.

04. The NEET who wanted to try to invest in stocks but didn't have $500 dollars to open up a simple brokerage account. Instead, used the $60 birthday check from his great aunt to buy some Bitcoins back in 2011. Probably made a couple thousand dollars (the only couple thousand dollars he'll ever seen in life ever again), and then bragged to his 3 online friends about how rich he's become. Didn't know how to convert that money into actual cash, and held through the crash. Still poor.

Anonymous Thu Mar 27 21:57:22 2014 No.243878

>>243868
>you can't tax them
Clearly the U.S. government thinks otherwise, as do most governments I'm sure. Good luck with that.

Bitcoin is unregulated by design. Individuals who possess significant amounts of Bitcoin could easily manipulate the value for their own gain.

>>	Anonymous Thu Mar 27 21:58:21 2014 No.243879 >>243826 What's your net worth? I honestly believe people who think like this /w cypto are poorfags who throw every spare pennies they have at BTC/shitcoins in hopes of being rich in a few years when "the standard form of payment is BTC".

>>	Anonymous Thu Mar 27 22:01:52 2014 No.243886 >>243878 >he doesn't understand how bitcoins work If I don't personally report you how exactly are they planning to track this shit? If they magically get a hold of a currency or decrypt it what's preventing me from just moving or making another one?

>>	Anonymous Thu Mar 27 22:09:22 2014 No.243908 >>243886 good luck cashing out without them knowing inb4 'muh localbitcoin', yeah let us know how that works for moving 5 figure sum :)

>>	Anonymous Thu Mar 27 22:09:51 2014 No.243912 >>243886 I understand how Bitcoin works just fine, as does the government I'm sure. They've been countering attempts to evade taxes longer than you've been alive.

Anonymous Thu Mar 27 22:11:21 2014 No.243918

>>243878
>Individuals who possess significant amounts of Bitcoin could easily manipulate the value for their own gain.
So, just like any currency, accept less avenues to do so? Physical coercion is much more difficult with bitcoins, and you can't engineer societal results through taxation, so to me it seems like a pretty good deal.

>>	Anonymous Thu Mar 27 22:12:51 2014 No.243920 >>243540 Uhh, yeah. It's going under $50.

Anonymous Thu Mar 27 22:15:51 2014 No.243927

>>243912
That isn't a counter-argument and apparently you don't if you think they can tax it. Of course if I cash out it becomes taxable, but if it remains in the system it is nontaxable through force. I literally would have to report you IF I actually knew you. And that's a big if since if I was avoiding taxation I probably wouldn't want to meet you in person.

>>	Anonymous Thu Mar 27 22:18:21 2014 No.243933 File: 1.69 MB, 1920x1080, 1392482798897.png [View same] [iqdb] [saucenao] [google] >>243871

Anonymous Thu Mar 27 22:19:52 2014 No.243934

>>243918
No, it's like that at all. If one group of miners controls 50% or greater of buttcoins, they can manipulate every transaction in their favor. Even if a rich person owned 50% of a fiat currency, your transactions would still be valid, regardless of the value. 50% control of buttcoins means your transaction vanishes into thin air.

Anonymous Thu Mar 27 22:20:51 2014 No.243936

>>243927
Also, if the market demands it, I set up an unregulated exchange (Mt.Gox) and boom, no taxation for crypto-to-dollar. I can understand honest skepticism, but there is a condescending tone to the way you people talk about crypto-currencies, it's like you don't want it to succeed.

Anonymous Thu Mar 27 22:21:21 2014 No.243940

>>243918
>less avenues
Not really. If anything it's just simply since you don't have to worry about a regulating body disrupting you.

>>243927
You don't even have to cash out. If you actually start exchanging it for goods and services for a high enough gain where your financial situation doesn't make sense from what you report, they'll figure it out. Many criminals have been caught this way.

Your choices are:
1. Never use it for anything above poor-tier to avoid suspicion, in which case, what's the point?
2. Attempt to convert them in some roundabout way to avoid suspicion. Good luck with that. Many have tried, many have failed.

>>	Anonymous Thu Mar 27 22:23:22 2014 No.243942 >>243940 >simpler

Anonymous Thu Mar 27 22:25:21 2014 No.243944
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Oh shit. I am laughing my fucking ass off. I just looked on coin market cap and ALL the coins are tanking. Bitcoin shills are shitting their pants right now. It's funny to see them doing MAJOR damage control on the forums trying to convince everyone this is just a dip. WAHAHAHAHAHAHA

Oh man you guys just made my week better. I remember just last week everyone was saying "BTC will be a million dollars each!" and I was laughing in your stupid faces. Vindication is so sweet.

Anonymous Thu Mar 27 22:28:52 2014 No.243950

>>243940
>many criminals have been caught this way
There is no legal way to enforce what you just described. They would literally have to arrest you for owning to much stuff.
> Attempt to convert them in some roundabout way to avoid suspicion. Good luck with that. Many have tried, many have failed.
You have to be shilling me. It's easy as fuck to convert and most of the ways to convert are unregulated anyway. If you know next to nothing about the subject than why the fuck are you talking about it?

>>	Anonymous Thu Mar 27 22:28:52 2014 No.243951 File: 17 KB, 320x240, 15x12082am8.jpg [View same] [iqdb] [saucenao] [google] >>243944 Let poorfags dream, anon.

Anonymous Thu Mar 27 22:32:51 2014 No.243959

>>243944
>>243951
>getting tricked by /g/ into not mining or buying bitcoins when they were 0.50$ each
:^)

how mad are you they tricked you out of FACTUALLY millions of dollars and made that money themselves?

SA goonfags got burned SO fucking hard on that, the people they have such vicious hatred for (libertarian nerds) profited massively and spewed enough FUD and disinfo to keep them out of it

you didn't even have to buy it, you could have just mined with 1 GPU you had and made tens of thousands. Setup a cheap minin rig and make 6 figures.

But

You

Didn't

Now

Did

You?

Anonymous Thu Mar 27 22:37:21 2014 No.243968

>>243950
>There is no legal way to enforce what you just described
Auditing is fun. They catch people trying to evade taxes using cash / metals all the time this way.

>It's easy as fuck to convert
Yes, but the key word here is avoiding suspicion. What are you doing with this cash once you have it?

>if you know next to nothing about the subject
Hilarious coming from you, since you apparently have no idea how reality works.

Anonymous Thu Mar 27 22:37:22 2014 No.243970

>>243959
Nobody can deny it would have been a smart investment back in the beginning, but I was already making low 6 figures while BTC was just catching on and this year I made a quarter million dollars after taxes.

The thing about this though, is it's not going away nor is it unstable, I offer a service and get payment for it.

Perhaps you should have developed a marketable skill while you were shitposting /g/ and mining your bitcoins for a couple of grand profit.

If you're just banking your future on BTC, I'm trying to convey to you that you're fucked.

Anonymous Thu Mar 27 22:38:51 2014 No.243975
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>>243959
Lmao I dont know who you are talking about but the first time I heard about BTC it was around $900 a coin. I missed the hype and so did everyone on /biz/ or else they wouldnt be here, they would be sipping mai tais in Tahiti. That boat has long since sailed my friend and is never coming back. I have no hatred for anyone I am just cracking up that all the bullshit BTC fags that spam constantly are now eating shit.

>>	Anonymous Thu Mar 27 22:40:21 2014 No.243980 >>243970 /r/ThatHappened

>>	Anonymous Thu Mar 27 22:47:51 2014 No.243998 File: 8 KB, 200x174, sdfgb.jpg [View same] [iqdb] [saucenao] [google] >>243980

Anonymous Thu Mar 27 22:49:52 2014 No.244005

>>243968
>Auditing is fun. They catch people trying to evade taxes using cash / metals all the time this way.
You can't audit something that is anonymous you fucking idiot. "but it's no-" YES IT FUCKING IS IF YOU DO THINGS RIGHT, AND THERE ARE MORE AND MORE TOOLS TO MAKE THIS PROCESS EASIER. Like I said before, they would have to arrest me for having too much stuff.

>Yes, but the key word here is avoiding suspicion. What are you doing with this cash once you have it?
Again, since you can't seem to understand the anonymous nature of this shit, I can buy whatever I want with the currency it self, but obviously if I wanted to use a regular currency, I would not be able to avoid taxation without some serious work arounds.

Anonymous Thu Mar 27 22:57:21 2014 No.244018

>>244005
>they would have to arrest me for having too much stuff
They would just have to suspect you for having too much stuff. Once they start investigating you, it's over. They'll find out what you're doing and have many means at their disposal to do so.

>you don't seem to understand the anonymous nature
You still don't get it. Amazing.

Fun fact: I grew up with an IRS auditor and got to hear fun stories about this kind of shit. It doesn't matter that that CURRENCY ITSELF is anonymous. You and the things that you buy exist in the real world, as do bank records and hard drives.

If you limit yourself to small amounts, you probably won't be bothered (literally not worth their time), but if you start buying things of significance, you'll probably be caught.

>>	Anonymous Thu Mar 27 22:59:51 2014 No.244022 >>243998 >look at me, i can edit html

>>	Anonymous Thu Mar 27 23:01:51 2014 No.244028 File: 65 KB, 525x719, 442684.jpg [View same] [iqdb] [saucenao] [google] >>244022 whatever helps you sleep at night, brah

Anonymous Thu Mar 27 23:03:21 2014 No.244037

>>244018
>shilling this hard
FIND OUT WHAT? THAT I HAVE BEEN USING BITCOIN? HOW EXACTLY WOULD THEY FIND THAT OUT AND THE SPECIFIC RECORDS OF IT IF IT IS ANONYMOUS?
>pointless anecdotal bullshit
Shut the fuck up Grampafag, I don't want to hear about "muh gold"

>>	Anonymous Thu Mar 27 23:03:21 2014 No.244038 >>243998 What field of business?

>>	Anonymous Thu Mar 27 23:03:51 2014 No.244036 >>244022 >look at me , i am so poor that it is beyond my realm of understanding that someone actually makes over $200k in a year.

Anonymous Thu Mar 27 23:05:21 2014 No.244043

>>244036
Protip : Those people are 95%+ Libertarians/Republicans who respect bitcoin at least at some level

The vast, vast majority of people angry and butthurt about bitcoin are SA goons/SRS/SJW posters on tumblr, the exact opposite of people who operate and run businesses.

>>	Anonymous Thu Mar 27 23:05:51 2014 No.244041 >>244038 Online learning games.

>>	Anonymous Thu Mar 27 23:08:21 2014 No.244053 >>244043 this this this this I don't like to call people librul, but good fucking god I can smell the statism on them when they shill about how bad bitcoin is. They aren't being objective, they literally just don't want it to succeed.

Anonymous Thu Mar 27 23:09:21 2014 No.244054

>>244037
>in this much denial
I know it's hard to hear that they have ways to catch you even if your transactions are anonymous, but I'm telling you for your own good. You're simply delusional if they think they can't figure it out.

What exactly am I shilling? What do I stand to gain here?

Anonymous Thu Mar 27 23:12:51 2014 No.244059

>>244054
>I know it's hard to hear that they have ways to catch you
But they don't, and you haven't made an argument except "muh experience". Prove to me how they can get through anonymity. They can't crack the encryption. They will eventually, but then there will be an exponentially better one.

>>	Anonymous Thu Mar 27 23:13:51 2014 No.244061 I cant wait until the end of this when dumbasscoins go to 0 and you have that one guy whos like "I cant believe my fake currency is worthless!".

Anonymous Thu Mar 27 23:15:21 2014 No.244065

>>244043
Oh you've got the wrong idea about me, I respect the prospects of it, and if it was to actually take flight and become a legit payment option for business and services I'd be thrilled.

What I take offense too is the people who are banking on the idea that it's the future without any actual clue about what's going on, and those who foolishly sit there hoping it makes them set for life.

>>	Anonymous Thu Mar 27 23:19:21 2014 No.244072 >>244059 Do you use a computer or phone when managing your bitcoins? Do you access exchanges online through a computer? If so, I have bad news for you.

Anonymous Thu Mar 27 23:19:52 2014 No.244073

>>244043
What is there not to respect about Bitcoin? People have millions with it. It's fantastic really.

>SA goons/SRS/SJW posters on tumblr
lolwat. You're so immersed in your own little world that you can't understand anyone outside your tiny realm of influence. You do know that most people have real lives and aren't posting on forums all day right? Who the hell are you even talking about...

You're delusional man. I am not laughing at Bitcoin shills because I feel like I missed some gravy train, I am laughing at them because the majority are so shortsighted and so invested emotionally that they start to believe their own bullshit. Never buy into your own bullshit.

Anonymous Thu Mar 27 23:21:21 2014 No.244076

>>244065
I think you're massively overestimating that amount of people. Sure people may daydream about that, and post things to that effect, but largely the people involved and invested in bitcoin (ESPECIALLY early adopters) are quite technologically proficient. It's born out of cryptography after all

Those kind of shitposters (and the reverse "LOL I TOLD YOU SO BTC GOING TO 0$") are ubiquitous though and i've never seen a lower quality of discussion on 4chan (with an already terribly low bar) ever than cryptocurrency threads

That being said, I'd wager the average W2 of the bitcoiner is far higher than the average W2 (if they have one at all) of the rabid detractors online

Anonymous Thu Mar 27 23:28:21 2014 No.244085

>>244072
>what is trustless mixing, encrypted wallets, and encryption services for online usage (TOR, VPN, countless other shit)
You clearly don't understand the point/ nature of encryption, or you are one of those idiots who think that the government is all powerful and can break encryptions of this caliber.

Anonymous Thu Mar 27 23:33:51 2014 No.244096

>>244085

No, the point is that you are physically present at a computer that exists and doing these things. They can literally just watch you doing these things once you're under surveillance. What kind of encryption you have isn't relevant. By the time it is, it's already over and you're facing prosecution.

>>	Anonymous Thu Mar 27 23:34:51 2014 No.244099 File: 1.08 MB, 176x244, 1346521728875.gif [View same] [iqdb] [saucenao] [google] Look at all these faggots arguing about buttcoins.

>>	Anonymous Thu Mar 27 23:36:22 2014 No.244102 File: 498 KB, 1600x1523, You_tried_.png [View same] [iqdb] [saucenao] [google] >>243441 >another one bits the dust remember kids, if you can't afford to lose it, you're making a huge mistake

>>	Anonymous Thu Mar 27 23:37:21 2014 No.244105 >>244096 What the fuck do you mean "under surveillance" what magical device do they use to spy on me tinfoil? I can just get a new fucking computer or go somewhere else, faggot.

>>	Anonymous Thu Mar 27 23:37:22 2014 No.244103 >>244099 who is this ts again?

>>	Anonymous Thu Mar 27 23:38:21 2014 No.244106 File: 80 KB, 413x395, whiskey laugh.jpg [View same] [iqdb] [saucenao] [google] >>243441 Unless you have put options you're fucked.

>>	Anonymous Thu Mar 27 23:40:21 2014 No.244108 >>244105 >implying you'll know when you're under surveillance That seems doubtful unless you're some sort of secret agent. >what magical device For a basic example they make these nifty things called cameras. It's not rocket science.

Anonymous Thu Mar 27 23:47:22 2014 No.244122

>>244108
So, they illegaly obtain evidence and use it to prosecute me in this absurd scenario that you have invented? If I'm being audited I'd fucking know about it, and if I'm evading taxes I would make sure to know my surroundings. It seems pretty inefficient, not to mention absurd.

Anonymous Thu Mar 27 23:53:21 2014 No.244129

>>244122
>illegally
There's nothing illegal about it. They go through the proper channels to set up surveillance.

>absurd scenario
This kind of thing literally happens. Criminals that the police don't catch get picked up by the IRS because they start buying property with their ill-gotten gains.

If you STILL want to ignore this, then by all means, ignore it. It's no skin off my back if you're arrested for tax evasion.

>>	Anonymous Fri Mar 28 00:02:21 2014 No.244140 >>243632 I can't even get to the like $5 in bitcoin tips sins people on reddit gave me. Even if I wanted to be invested in it I am incapable

Anonymous Fri Mar 28 00:11:51 2014 No.244157

>>244140
>>244129
So the decreasing ease of which they can catch me still requires them to sneak in and place cameras in my room, and capture images on my screen that show me and my bitcoin account with absolute certainty without me knowing. Your scenario is getting more and more farfetched. Clearly you have shown your support for the status-quo as far as taxation goes, so you have, in fact, been shilling this whole time. Bit-coin is what they fear it is. A way out.

>>	Anonymous Fri Mar 28 00:12:21 2014 No.244159 >>244157 didn't mean to quote >>244140

>>	Anonymous Fri Mar 28 00:14:51 2014 No.244162 >>244106 I wish i had bought another half dozen KNC neptunes, the only put option in bitcoin history

Anonymous Fri Mar 28 00:32:51 2014 No.244190

>>244157
Or if you do other illegal things that attract attention, they'll just bust in, seize your computer, track every website you have a password saved on and find the addresses that you linked your bitcoins to and then make up false claims about you illegal using unnaccounted for funds. constituting on top of things, tax fraud.

Anonymous Fri Mar 28 00:35:21 2014 No.244195

>>244190
And how would they know if I did other illegal things if they couldn't track the currency? Money laundering is already possible, bitcoin makes it easier. I would have to attract attention first. Your argument is falling apart because your worldview is fundamentally illogical.

>>	Anonymous Fri Mar 28 00:46:51 2014 No.244213 ID: txNCIvr/ confirmed for most /biz/ person ever.

>>	Anonymous Fri Mar 28 00:52:22 2014 No.244219 File: 23 KB, 436x432, 1385595784029.jpg [View same] [iqdb] [saucenao] [google] >>243441 nice try

>>	The Wiley Fri Mar 28 01:31:21 2014 No.244250 >>243593 wow someone smart

>>	Anonymous Fri Mar 28 01:34:21 2014 No.244256 >>244037 If you order something with bitcoin, it has to go to some address right? There you go.

>>	Anonymous Fri Mar 28 01:36:51 2014 No.244259 File: 10 KB, 235x215, buttcoin.jpg [View same] [iqdb] [saucenao] [google] >>243441 OP Put a sharpie in your pooper and post the pic. Maybe someone will think up something.

Anonymous Fri Mar 28 01:36:51 2014 No.244260
File: 80 KB, 800x450, dogecar.jpg [View same] [iqdb] [saucenao] [google]

>>243441
I really don't see much use for cryptocurrencies other than to pump and dump.

Although if I was running a business currently I'd accept them due to the curiosity "we accept bitcoins" would generate alone.

Honestly, the best currency I've seen out of the lot, and no shit, is Dogecoin.

>>	Anonymous Fri Mar 28 01:39:21 2014 No.244263 >>244250 No, nobody smart would have invested in bitcoin. The smart people either mined it, speculated in it with money they could afford to lose completely, or stayed out entirey

>>	Anonymous Fri Mar 28 01:42:21 2014 No.244271 >>244102 This right here. I have a savings account specifically for investing. If I lost every cent of that account today, my quality of life would be no different.

>>	Anonymous Fri Mar 28 01:55:51 2014 No.244287 China ruled that anyone with BTC in an exchange after April 15th will have it ceased by the gov. The price will go up and down but mainly down until April 15th, I'm betting on it going to $350.

>>	Anonymous Fri Mar 28 01:57:21 2014 No.244292 bumping this thread so all the other crypto currency faggots can see what happens when you treat a risky investment like a sure thing

>>	Anonymous Fri Mar 28 02:04:21 2014 No.244300 File: 190 KB, 1200x900, bitcoin offline.jpg [View same] [iqdb] [saucenao] [google] Oh look, china banned it again. See ya at 1000$.

>>	Anonymous Fri Mar 28 02:05:21 2014 No.244301 >>243522 Wow you are stupid and this is your own fault. Could be so much worse, Africa, poverty, so suck it up, learn from it, literally no other choice

>>	Anonymous Fri Mar 28 02:06:51 2014 No.244303 >>244300 >that guy's face

>>	Anonymous Fri Mar 28 02:08:51 2014 No.244308 It's pretty obvious this man or woman is highly inexperienced. Listen anon; I suggest you average your position and stop trading until you know how to properly handle risks like these.

>>	Anonymous Fri Mar 28 02:09:21 2014 No.244309 >>244260 so what is the plan of attack.

Anonymous Fri Mar 28 02:10:21 2014 No.244310

>>244300
China is banning it for good this time, they are making land grabs and know trade embargoes are coming. When this happens and the Chinese economy tanks they want people to invest in gold not BTC. China will announce a gold standard in the next 10 years when they are done with their land grab and that will recover the Yuan.

People on /biz/ just short PRAN and trade shitcoins without ever looking at the big picture.

>>	Anonymous Fri Mar 28 02:15:21 2014 No.244317 I dunno why people are so focused on trading btcusd. Altcoins can make a killing in. Just made 100% on BlackCoin the other day thanks to a tipoff.

>>	Anonymous Fri Mar 28 02:29:51 2014 No.244340 >>243871 This is bullshit. Plenty of people on /g/ got filthy rich off Bitcoins.

>>	Anonymous Fri Mar 28 02:39:51 2014 No.244346 >>244340 top kek

>>	Anonymous Fri Mar 28 02:40:51 2014 No.244347 >>243934 nope your ignorance means you shouldn't be speaking on the subject

>>	Anonymous Fri Mar 28 02:43:21 2014 No.244351 >>244346 but they did not saying it's worth anything more than pumping and dumping, but to discredit an investment because of your emotions/baseless opinions is utterly ridiculous

>>	Anonymous Fri Mar 28 02:43:51 2014 No.244352 >>244340 I believe it... I remember back in 2010 some guy had an entire garage filled with mining PCs I'm sure he's enjoying his massive fortune.

>>	Anonymous Fri Mar 28 02:57:21 2014 No.244368 >>244263 Na, plenty of smart people bought when the price was single or double digits. Triple is where risk became too high

>>	Anonymous Fri Mar 28 03:00:51 2014 No.244371 Tbh forex and gold has a lot of this movement too; just lower doeses. BTC is like a commodity on crack

Anonymous Fri Mar 28 03:15:21 2014 No.244393

>>244351
Nobody is denying the fact that a few guys got lucky and rode the wave, but "plenty"? More like "a couple lucky faggots", and then there's the thousands of other retards that hopped on the bandwagon too late and each lost a small amount of money each (that evens out the huge amount of money the other couple of guys got).

Anonymous Fri Mar 28 03:22:51 2014 No.244399

>>244393
>ignoring every single person who bought at 1 or 2 figures
remember : they're the reason it went up at all

When your investment is up 1000%, 10,000%, etc, i fucking guarantee that they cashed out and profited some amount.

I bought in late at ~90$ (actually to buy things, go figure), ended up having a sizeable mass of bitcoin, and then cashed out a nice mid-5 figure sum of profit, with still a good amount of BTC left.

Now imagine the people who did this at 9$. or 2$ (2011 peak), or even before.

>>244371
>BTC is like a commodity on crack
Then shitcoins are like IV'ing a few grams of meth

>>	Anonymous Fri Mar 28 03:35:51 2014 No.244415 >>243441 >>243441 Bitcoin is something you put $500 into not $5,000. If multisig comes to fruition it will see a nice spike in value. Go beg smart people to code you multisig wallets and exchanges.

>>	Anonymous Fri Mar 28 04:06:51 2014 No.244435 File: 177 KB, 1920x1080, Untitled.png [View same] [iqdb] [saucenao] [google] This isn't an isolated incident, sell now and buy the next dip. These dips will continue until no Chinese own bitcoin.

>>	Anonymous Fri Mar 28 04:50:50 2014 No.244481 >>244399 >IV'ing a few grams of meth shit nigger my bitcoins didn't send me into convulsions followed by death

>>	Anonymous Fri Mar 28 04:50:50 2014 No.244484 You guys need to learn your lesson. Stop "investing" in these fake commodities. You're just wasting money. Stick your money into a mutual fund or ETF instead.

Anonymous Fri Mar 28 04:55:50 2014 No.244493

>>244484
Have you even traded crypto? Buy below $400 in the next 2 weeks and hold for 6 months, just put $20 in if you are convinced it's dead.
Sell in 6 months even if it's in a hole, then compare % lose / gain on the BTC to the best preforming mutual fund in that period.

>>	Anonymous Fri Mar 28 04:59:53 2014 No.244498 File: 22 KB, 274x242, 1390311050099.png [View same] [iqdb] [saucenao] [google] >bought 2.3 BTC for 5$ back in 2011 >sold 1 BTC two months ago and bought a mining rig to mine DOGE >now have 2.1 BTC, 2 gaymen graphic cards and 500$ in "real" money

Anonymous Fri Mar 28 05:02:52 2014 No.244502

>>244484
The only counterargument I have and need is that I invested about $700 in hardware and had like a 50 day ROI. That hardware is still worth about $400 used. Way before that I invested $300 in a single card and mined LTC to hold, sold for $1200. I regularly buy LTC when BTC dips and hold for a few days and that nets a consistent profit with fairly low risks and sometimes when the market is active I daytrade LTC, again very consistent profits. Nothing phenomenal since I don't trade large amounts because I don't trust this shit enough but I'm way, way in the green and I barely know shit about trading. In other words you have to be a tremendous idiot to lose money.

>>	Anonymous Fri Mar 28 05:09:22 2014 No.244511 >>244493 Higher returns means higher risk. You can lose money just as fast as you can make it.

>>	Anonymous Fri Mar 28 05:09:52 2014 No.244512 File: 493 KB, 333x291, 165432198.gif [View same] [iqdb] [saucenao] [google] >>244347 >has no idea about the bitcoin exploit >calls other people ignorant top kek, bitfags

Anonymous Fri Mar 28 05:18:52 2014 No.244521

>>244368
No. Nobody knows what the value is, so any price is risky. If you bought them at $10 they still could have fallen down to $1.

Sure, you could buy one full bitcoin for $10 back then, but given that BTC trade in small fractions, the unit of "one BTC" has only psychological significance to its use as a currency.

>>	soma !!1pMpfJu9Pyw Fri Mar 28 05:34:52 2014 No.244538 >>243441 >look at bookmarks bar >fuck yeah furries! I cannot help you, you are truly a lost cause

>>	Anonymous Fri Mar 28 05:36:22 2014 No.244540 >>244538 And finally, we realize that OP's post was just a blatant troll to conceal the more subtle troll hidden in his bookmarks.

>>	Anonymous Fri Mar 28 05:37:22 2014 No.244542 /media/cipher/External/Carrie/pop_carrie_1080p_12000.wmv

>>	Anonymous Fri Mar 28 05:37:52 2014 No.244545 File: 2.64 MB, 400x225, 1346324348832.gif [View same] [iqdb] [saucenao] [google] >>244538 I never even bothered to open the image. Yiff in debt, furfag!

>>	soma !!1pMpfJu9Pyw Fri Mar 28 05:40:22 2014 No.244551 >>244540 >>244545 Probably doesn't matter, OP hasn't been here for hours

>>	Anonymous Fri Mar 28 05:47:52 2014 No.244562 >>244521 Nope. Simple market cap analysis + recognizing a new paradigm = ez profit buying at double digit price. Go look at the 'market cap' for previous metals. Bit coin was a god damn super steal at <100$

>>	Anonymous Fri Mar 28 05:48:53 2014 No.244564 >>244521 Also I dare you too loom up the share price of Berkshire Hathaway of you think "muh psychological signifance per base unity unit" matters

>>	Anonymous Fri Mar 28 05:51:22 2014 No.244568 File: 29 KB, 893x361, btcprice.png [View same] [iqdb] [saucenao] [google] it's all ogre. The bubble is over

Anonymous Fri Mar 28 05:53:22 2014 No.244575

>>244564
>Also I dare you too loom up the share price of Berkshire Hathaway of you think "muh psychological signifance per base unity unit" matters
Berkshire Hathaway actually has fundamentals to base it on.
>Simple market cap analysis + recognizing a new paradigm = ez profit buying at double digit price.
You're retarded. The current market cap of bitcoin is far higher than it should be given how many people actually use it as a currency. Any market cap you chose is entirely based off of speculative assumptions about the adoption rate and future success of bitcoin.

>>	Anonymous Fri Mar 28 05:53:52 2014 No.244572 >>243441 blatant troll

>>	Anonymous Fri Mar 28 05:55:22 2014 No.244577 hahahahaha

Anonymous Fri Mar 28 06:05:52 2014 No.244585

>>244575
Or the fact it is the first ever mathematically backed scarce resource with the inherent instant worldwide digital properties of the internet. It is literally by all technological and objective metrics factually superior to gold. Not to mention is the currency and Store Of Value of choice of grey/black markets as well as laundering and tax evasion

But yeah that market cap is BS. Companies like KING have more inherentvalue than ssomething THAT fundamental and groundbreaking.

Anonymous Fri Mar 28 06:08:22 2014 No.244588

>>244585
>It is literally by all technological and objective metrics factually superior to gold.
No, because it's very difficult to make another gold, whereas its very easy to create another bitcoin.

But thanks for confirming that you're just another delusional libertarian true believer in bitcoin instead instead of a logical investor.

>>	Anonymous Fri Mar 28 06:09:00 2014 No.244590 >>244588 >I have no idea how the protocol works Its as if you think shitcoins have values!! AhahahahhaahhahHHHaj Stay poor sonnyboy. You SA fags got duped hard by us. You lose. We made bank.

>>	Anonymous Fri Mar 28 06:09:22 2014 No.244589 >>244585 >It is literally by all technological and objective metrics factually superior to gold Except when the power goes out

>>	Anonymous Fri Mar 28 06:10:59 2014 No.244594 >>244590 They have as much inherent value as bitcoin. The protocol has nothing to do with it.

>>	Anonymous Fri Mar 28 06:13:30 2014 No.244596 >>244594 Anon, why do you think gold is worth more than silver? Think very carefully about your answer.

>>	Anonymous Fri Mar 28 06:14:59 2014 No.244600 >>244596 Not because it was invented first, I can tell you that.

>>	Anonymous Fri Mar 28 06:16:59 2014 No.244603 >>244600 Anon do you know what the network effect is?

Anonymous Fri Mar 28 06:17:29 2014 No.244605
File: 833 KB, 167x167, 1352320116675.gif [View same] [iqdb] [saucenao] [google]

>>244588
>whereas its very easy to create another bitcoin.

Hey, look! Another /biz/ try hard faggot with no understanding of the topic he's discussing.

Point at this man and laugh.

>>	Anonymous Fri Mar 28 06:18:00 2014 No.244608 >>244603 Google it yourself faggot. But it's ok anon, you've already lost. I found it particularly funny how you even admitted you were basing your market cap off of how "groundbreaking" it is and not fundamentals.

>>	Anonymous Fri Mar 28 06:45:29 2014 No.244651 >>244605 I see different cryptocurrencies being created every day basically what he said is true, isn't it?

>>	Anonymous Fri Mar 28 06:50:29 2014 No.244657 >>244651 But they are jokes and shit. Only bitcoin goes to the moon. And they make bitcoin look bad. /s

>>	Anonymous Fri Mar 28 06:51:59 2014 No.244658 >>244605 >My cryptocurrency is failing >It's okay, I'll just create DogeCoins >DogeCoins fail >It fails too >Create GonoHerpaAidsCoins

>>	Anonymous Fri Mar 28 07:17:49 2014 No.244695 >>243522 Thanks buddy. You made my morning

>>	Anonymous Fri Mar 28 07:32:35 2014 No.244703 haha, you think we care? would you give us any satoshi were you swimming in btc? no right, so fuck you. your profit = your profit, your losses = your losses.

>>	Anonymous Fri Mar 28 07:41:05 2014 No.244710 Eat shit and die furfaggot enjoy your debt.

>>	Anonymous Fri Mar 28 07:48:05 2014 No.244720 >>244498 >not buying 2000 btc back in 2010

>>	Anonymous Fri Mar 28 07:50:05 2014 No.244722 >>243441 What part of "don't invest what you can't lose" did you not understand?

>>	Anonymous Fri Mar 28 07:53:05 2014 No.244727 >>244720 >not creating Bitcoin and mining it from the start

Anonymous Fri Mar 28 07:53:35 2014 No.244726

>>243522
>invests 20k of life savings
>panics when price drops
>sells 20k of bitcoins at dip
>makes price even go lower
Idiots like you are the reason of price dropping. If you wouldn't dump, price would stay up. But you would dump, because you are a dumb moron and too weak for the market.
Thank you for the cheap BTC

>>	Anonymous Fri Mar 28 08:02:35 2014 No.244737 A nice sharpie in a smooth hairy furry pooper - /biz/ will pay you back and then some I swear. Don't be shy now OP.

Anonymous Fri Mar 28 09:04:32 2014 No.244832

i put everything into cryptos when my girlfriend of 7 years left me. changed her phone number and everything. in my desperation i went all in. if it really does die, so will i. i'm now addicted to drugs, utterly broke, in vast amounts of debt and can't even afford my utility bills, nor even food. i've got an appointment with my doctor to get me on anti depressants so i don't kill myself. i'm in real trouble op, you're not alone.

>>	Anonymous Fri Mar 28 09:20:01 2014 No.244876 >>244832 lol more money and bitches for the rest of us /biz/zybees.

>>	Anonymous Fri Mar 28 09:23:31 2014 No.244882 >>244832 Don't worry, Anon. Some day your buttcoins will be worth $40,000 each.

>>	Anonymous Fri Mar 28 09:27:01 2014 No.244891 >>244512 A 51% attack would be from miners not from holders of the coin retard. Not even a bitfag anymore.

>>	Anonymous Fri Mar 28 09:54:01 2014 No.244950 >>244657 is that some reddit shit or some linux shit?

>>	Anonymous Fri Mar 28 09:55:31 2014 No.244951 >>244832 >Typical shitcoin investor

>>	Anonymous Fri Mar 28 09:57:02 2014 No.244959 File: 540 KB, 300x202, 1332159705452.gif [View same] [iqdb] [saucenao] [google] >>244891 >>>243934 >If one group of miners controls 50% or greater of buttcoins Stupid and illiterate! What a combo!

>>	Anonymous Fri Mar 28 11:41:22 2014 No.245135 >>243944 You're a fucking retard. There are always a handful of you faggots who talk shit during a dip, this has happened dozens of times in btc history. Once the FUD is over it will bounce back up and stabalize

Anonymous Fri Mar 28 11:53:09 2014 No.245149

Hello /biz/men I come from the future 05/05/2015
I will tell you this just once
listen carefully
Bitcoin will drop to less than a dollar per bitcoin
US government will make bitcoin the national currency
China will 51% attack bitcoin starting WW3
a nuclear missile just opened a time loop hole worm to the past
heed my message
goodbye fellow humans

>>	Anonymous Fri Mar 28 11:54:39 2014 No.245151 File: 93 KB, 351x241, 1394766473999.png [View same] [iqdb] [saucenao] [google] >crashing hard Eh? Again? http://www.forbes.com/sites/timothylee/2013/04/11/an-illustrated-history-of-bitcoin-crashes/

>>	Anonymous Fri Mar 28 12:04:09 2014 No.245165 >>244832 i think you already posted here before. sad story, bro

>>	Anonymous Fri Mar 28 12:10:39 2014 No.245177 >>245135 stop calling realistic and business-minded evaluations on a moronic standard of payment FUD there are literally no advantages to using BTC that can't be found in well- established alternatives

Anonymous Fri Mar 28 12:17:11 2014 No.245185

>>245177
Your realistic and business-minded evaluations literally never work on this moronic payment standard, that is a good signal of needing to change your strategy if you want to make good predictions, your alternative is continuing with the current EVERYTHING IS OVER BTC IS FINISHED YOU MAD NOW CRYPTOFAGS? every time the price drops more than 5%, and constantly being wrong.

>>	Anonymous Fri Mar 28 12:38:57 2014 No.245211 >>244310 But shorting PRAN is the best play out there.

>>	Anonymous Fri Mar 28 13:53:09 2014 No.245314 File: 27 KB, 314x246, 1374308977100.jpg [View same] [iqdb] [saucenao] [google] >>244005

>>	Anonymous Fri Mar 28 15:21:31 2014 No.245471 >>243540 Right now? Probably not. Near future? Probably. Eventually? Definitely.

Anonymous Fri Mar 28 15:42:00 2014 No.245510
File: 500 KB, 500x299, 1395863109194.gif [View same] [iqdb] [saucenao] [google]

>>245185
BTC dropped from $600 to $500 in less than a week and is still tanking. I would say thats more than a 5% drop. Before that it dropped from $800 to $600. Before that it dropped from $900 to $800. Before that it dropped from $1200 to $900. BTC is still tanking. Freefalling in fact.

You are shitting your pants right now aren't you? Behind all your bravado I can read your mind. "Oh fuck. Oh fuck. Oh fuck." There is no damage control you can do. There is no clever way to spin this. BTC is getting fucked in the ass and you can't do anything about it. It will continue to dive because that is what it has been doing since last year. Numbers don't lie. More and more people are realizing it which is why people are cutting their losses at record numbers. You would get out too if you had any sense but we all know you won't. You're too stupid for that.

Anonymous Fri Mar 28 15:51:00 2014 No.245521

>>245510
I just have one single question. If you're sure about BTC being dead and falling to the depths of hell, what possible reason could you have for not shorting it? If I was anywhere near as secure in BTC going down as you seem to be I sure as fuck would short it.

>>	Anonymous Fri Mar 28 15:53:30 2014 No.245523 >>245177 >literally no advantages Right. Besides the geometric inflation of supply and whole decentralization thing. And fuck having to use your phone to instantly scan QR codes, that's completely inconvenient and unsafe

>>	Anonymous Fri Mar 28 15:54:31 2014 No.245524 >>245521 >shorting an unregulated, anonymous currency with i'm sure plenty of people are lending bitcoins

>>	Anonymous Fri Mar 28 15:55:00 2014 No.245527 >>245524 Indeed they are, Bitfinex offers thousands of them to short with and I believe there are other sites too, the only one I checked out is Bitfinex though.

>>	Anonymous Fri Mar 28 15:56:00 2014 No.245530 >>243522 HAHAHA! Eat shit, you retard. So you learnt an 8k lesson? Good riddance!

Anonymous Fri Mar 28 16:00:01 2014 No.245536
File: 37 KB, 498x410, 1388052731061.jpg [View same] [iqdb] [saucenao] [google]

>>245521
Why would I need to do that? I make money in ways that aren't complete gambles. I don't know if BTC will ever tank to zero but it seems like it will at least go down more considering what has been happening the last 4 months. Who knows? Obviously not the people that say BTC is a great investment when it has done nothing but lose value.

Anonymous Fri Mar 28 16:06:30 2014 No.245542

>>245536
>Who knows?
That's a big stepback from "BTC is getting fucked in the ass and you can't do anything about it. It will continue to dive because that is what it has been doing since last year. Numbers don't lie. More and more people are realizing it which is why people are cutting their losses at record numbers. You would get out too if you had any sense but we all know you won't. You're too stupid for that".

>>	Anonymous Fri Mar 28 16:08:30 2014 No.245546 Never invest more than you can afford to loose, nerd.

>>	Anonymous Fri Mar 28 16:10:53 2014 No.245549 Bitcoin is dead. Don't listen to the smug paultards, they're retarded.

>>	Anonymous Fri Mar 28 16:11:21 2014 No.245550 >>245542 Naw it's pretty obvious that BTC is tanking. It has been tanking for months and doesn't show any sign of stopping. The real question is will it tank to zero? Who knows?

>>	Anonymous Fri Mar 28 16:12:21 2014 No.245553 Haha do you guys remember when it dropped to 420 like 2-3 weeks ago? Kek

>>	Anonymous Fri Mar 28 16:12:51 2014 No.245552 >>245550 It won't tank to zero because it can still be used for money laundering and drugs.

Anonymous Fri Mar 28 16:24:21 2014 No.245570

>>245550
If you legitimately think it has a decent chance of going below $10 you're no less retarded than those that predict BTC at $40k in a couple months. BTC is incredibly well known and has uses. They don't justify a $1k price or even the current $500, but there's a whole lot of support behind it considering what an enormous amount of very bad news have been hitting BTC. When Gox went down /biz/ thought it'd be dropping dead and since then it got banned in China again and is now properly taxable and nothing good has happened other than the fact that it did not die. $500 is a very high price considering how much these events mattered. It's probably going to keep at the downtrend for a few more weeks but it's not likely that it's going to go steady sub-$300, if left alone - no more awful news - it's going to range around $500-$600. You can call the people causing this price idiots of all measures since they really are but the reality is that they exist and the price isn't going anywhere without seriously bad news and as such thinking that it's dead and saying all is over is really dumb and it just looks like an immature kneejerk reaction.

>>	Anonymous Fri Mar 28 16:27:21 2014 No.245578 >>245570 well there is also the fact that its a terrible unstable currency and the exchanges suck and keep getting hacked

Anonymous Fri Mar 28 16:33:21 2014 No.245585

>>245570
>If you legitimately think it has a decent chance of going below $10
I knew that was coming. Happens every thread. When did I ever say I personally believe it will go below $10? Fuck man. Reading comprehension.

Also, barring some unforeseen event you are probably right, it doesn't seem likely for it to go below $10. But where do you get "it's going to range around $500-$600"? Stop pulling numbers out of your ass like you really have any fucking clue.

>>	Anonymous Fri Mar 28 16:40:52 2014 No.245597 File: 38 KB, 480x444, 1393596872244.jpg [View same] [iqdb] [saucenao] [google] >>243522 >Implying that's investing Speculation, motherfucker, you could have played the lottery instead. You got what you deserved.

>>	Anonymous Fri Mar 28 16:46:21 2014 No.245615 File: 720 KB, 2540x2874, 1388000416142.png [View same] [iqdb] [saucenao] [google] >>243522 >$20k >5 years >blown on btc someone is threadcapping this, right?

Anonymous Fri Mar 28 16:49:52 2014 No.245621

>>245585
>I knew that was coming. Happens every thread.
No wonder if you barge into every thread with a stupidly aggressive overconfident post like >>245510.
And you implied that it's a possibility that it will go below $10, which is what I'm talking about, not that you personally believe it to be the most likely scenario. Decent chance, a chance making it worth considering as an option.
As for the numbers, it's not likely to go down to the ranging market it was in after the previous $250 bubble just considering that this one was 5 times as big. It's a lot more well known now, way less of a wild west market even if there still is some large scale theft. I don't trust that prediction enough to invest, I don't advise anyone to buy based on that, but it is what I consider most likely. It could easily go below, it could easily go above.

Anonymous Fri Mar 28 17:03:44 2014 No.245654

>>245621
>Be me
>Comes into thread
>States an opinion based purely on facts and historical analysis
>Makes no prediction about where the value of BTC will be except that it will continue to drop because that is what it has been doing for months
>Putting words in my mouth saying I am "sure" that BTC is dead
>Get called out for saying I think there is a decent chance it will tank below $10 (something I never claimed)

as opposed to you:

>not likely that it's going to go steady sub-$300
>it's going to range around $500-$600
>not likely to go down to the ranging market it was in after the previous $250 bubble

All I want to know is where the fuck you get these numbers from? Pulling them out of your ass? How the fuck could you even have the slightest clue about where the value of BTC will end up save a slight inclination that it will go up or down? What are you a fortune teller?

>>	Anonymous Fri Mar 28 17:12:30 2014 No.245672 >>245615 I think foolz archives /biz/.

Anonymous Fri Mar 28 17:15:00 2014 No.245678

>>245521
Shorting is dumb in almost any situation. The market can always be irrational for longer than you expect, so even if bitcoin dies in three years you could still lose your entire bet.

Unless you have millions of dollars you're just asking to lose money.

Anonymous Fri Mar 28 17:21:01 2014 No.245688

>>245654
Wait wait I can do that too
>me
>point out that all of /biz/'s more specific negative predictions on BTC's value have been consistently wrong, during the first dip to $650 everyone predicted it'd keep going down until it dies and every investor loses all their money, it went up to $1k, during the second one to $500 the same, went up to $950, during the third one from $400 to $950, fourth $400 to $650, thus even if there was a downtrend at large it provided with plenty of good closing points

as opposed to you:

>BTC has been going down with no signs of the downtrend stopping, ever, everyone who is even remotely smart is selling now, at the low
>long line of insults that have literally nothing to do with the discussion and are only there to grow your e-peen
>backpedaling when called out on stupid shit
>claims on failure of reading comprehension when it's you who didn't comprehend the reply

>How the fuck could you even have the slightest clue about where the value of BTC will end up
From what I previously described and past market behavior. And I only ever claimed to have the slightest clue, that's what those predictions are. It's not even some super long-term prediction but obviously a medium term one until the next large event hits, at best a couple weeks time. Considering how much drive there is behind it currently it's less likely that it's going to stabilize around a value it stabilized at when there was a lot less interest, that's hardly some kind of a ridiculous call to make.

Anonymous Fri Mar 28 17:27:01 2014 No.245696

>>245688
> /biz/'s more specific negative predictions on BTC's value have been consistently wrong
/biz/ hasn't been around for that long dummy. Ever since /biz/ was created BTC has gone consistently down. Even as you shill right now it has dropped below the $500 mark.
>even if there was a downtrend at large
Ahh you finally admit there is a downtrend at large. Good boy.

Look at this fucking chart again >>244568
and please shut up now. Nobody buys your bullshit anymore.

>>	Anonymous Fri Mar 28 17:30:30 2014 No.245706 >>243441 at least you still have your btc. Mine was stolen by mtgox.

>>	Anonymous Fri Mar 28 17:31:30 2014 No.245710 >>243441 the best thing to do is panic and sell at the bottom btw.

>>	Anonymous Fri Mar 28 17:35:00 2014 No.245715 >>243441 you have to buy more and average down, sell everything you have OP, this is the only way.

>>	Anonymous Fri Mar 28 17:36:00 2014 No.245719 >>245715 I meant liquidate all your possessions, house, car, clothes etc. Do not sell your btc, you have to buy more.

>>	Anonymous Fri Mar 28 17:37:30 2014 No.245723 >>245678 why would short selling be any less wise than buying short? you're just expecting a stock to go down instead of up, and you have to pay a small amount of interest which is nothing if you're doing it for a day

Anonymous Fri Mar 28 17:41:53 2014 No.245737

>>245723
What the fuck do you mean buying short

Short selling has unlimited risk. If you're trying to make money, the most important thing is to never lose all of it.

We aren't talking about shorting it for a day, since we are talking about betting on a long term trend of BTC going to, say, under $100 within a couple years.

>>	Anonymous Fri Mar 28 17:45:21 2014 No.245747 >>245737 >Short selling has unlimited risk. In theory yes, but it's not like you're going to short a stock at 60 and the next day it'll be 999999999.

>>	Anonymous Fri Mar 28 17:50:51 2014 No.245758 >>245747 You could short it at 400 and the next day it could be at 600. In fact, that's likely to happen before it falls down to 100.

Anonymous Fri Mar 28 17:55:51 2014 No.245765

>>245737
buying short-term. they call it "short-selling" not "short-term selling" because no one holds that position for long.
it doesn't have unlimited risk because things aren't "GOING TO THE MOON'
and you didn't say jack about betting long-term, because when you say shorting is dumb in almost every situation you clearly don't grasp the technique because no one shorts an item from their initial position straight to the bottom. you pick the point you believe it's going down then exit once it hits your profit limit then re-evaluate. this is the way it's been worked sensibly since the concept was allowed

>>	Anonymous Fri Mar 28 17:57:21 2014 No.245766 >>245758 or you could buy and it go to 200. you can only guess and, hopefully you're using some decent form of information to guess wisely

>>	Anonymous Fri Mar 28 18:00:21 2014 No.245768 >>245615 >opa-ages Holy moly I haven't posted on that site in almost 10 years, it was once one of the best gaming news forums ever.

>>	Anonymous Fri Mar 28 18:01:21 2014 No.245772 Markets are generally shit at this time of the year. You sell now, go ahead, do it, I'll buy up all those cheap coins and be laughing in a few months time

>>	Anonymous Fri Mar 28 18:03:51 2014 No.245775 >>245706 >Mine was stolen by mtgox. 1)mtgox was a shitty exchange last year and you should've taken your coin off there 2)why the fuck would you keep your bitcoin on an exchange account?

>>	Anonymous Fri Mar 28 18:03:51 2014 No.245776 >Short selling has unlimited risk. how many instruments have gone to infinity compared to going to zero??

>>	Anonymous Fri Mar 28 18:14:21 2014 No.245790 >>245765 >it doesn't have unlimited risk because things aren't "GOING TO THE MOON' Tell that to the people who shorted TSLA

Anonymous Fri Mar 28 18:17:21 2014 No.245799

>>245776
If you buy something for $1000 and it goes to $1 you have lost almost $1000
If you short something for $1000 and it goes to $1000000 you have lost almost a million dollars
Thus, unlimited risk. Note that unlimited and infinite have different meanings.

>>	Anonymous Fri Mar 28 18:22:51 2014 No.245813 >>245799 how many instruments have gone from $1000 to $1000000 compared to going to zero??

>>	Anonymous Fri Mar 28 18:28:21 2014 No.245825 >>245813 >asking dumb questions What a fucking gay way of trying to argue. Seriously fuck you.

>>	Anonymous Fri Mar 28 18:40:22 2014 No.245846 Okay, I don't know if you're trolling (I surely expect and hope so) but if you're not, here's a solid piece of advice: SELL. Given the recent developments of this coin-fiasco you would be stupid to keep any of this shit. Just sell, this hype is over.

>>	Anonymous Fri Mar 28 18:44:21 2014 No.245850 Wait: All this is not a troll? You guys and the guys on reddit seriously thought this will be the official currency in ten years? fucking lol

Anonymous Fri Mar 28 19:00:21 2014 No.245882

>>245850
I don't think any investors care about adoption.
Which ultimately harms their investment, because if it's just people holding for the sake of holding, then no interest in the commodity will be generated because it's pure speculation with no function

>>	Anonymous Fri Mar 28 19:04:20 2014 No.245890 >>245850 >projecting

Anonymous Fri Mar 28 19:22:31 2014 No.245922

>>243441
>This is a very hard situation for me. Please help, I'm freaking out, I don't know what to do.
Hold, get out when it rebounds to a value where you cut your losses enough
>>245846
>Given the recent developments of this coin-fiasco you would be stupid to keep any of this shit.
It seems you don't understand how cryptos work

Anonymous Fri Mar 28 19:27:31 2014 No.245937

>>243879
>What's your net worth? I honestly believe people who think like this /w cypto are poorfags who throw every spare pennies they have at BTC/shitcoins in hopes of being rich in a few years when "the standard form of payment is BTC".
>implying
Just look at OP, he is obviously not a poorfag, though 20k is much for him so he's not rich
There's all kinds of shit in here

>>	Anonymous Fri Mar 28 19:38:33 2014 No.245973 >>243871 >then shorted the dump You can short bitcoins? How?

>>	Anonymous Fri Mar 28 19:40:03 2014 No.245978 >>245973 by borrowing bitcoins from people on forums

>>	Anonymous Fri Mar 28 20:49:03 2014 No.246096 >>243441 >"bitcoin will be worth 1 dollar" >coinmarketcap >Total supply: 12,574,825 BTC >12,574,825 x 1 = 12,574,825 dollars market cap hmm, don't think so

>>	Anonymous Fri Mar 28 23:55:22 2014 No.246304 >>243514 It's about perceived worth, kid

>>	Anonymous Fri Mar 28 23:58:51 2014 No.246309 I want to feel bad but I can't stop laughing. I'm sorry OP I really am but this is what I saw bitcoins going too.

>>	Anonymous Sat Mar 29 00:12:21 2014 No.246324 >>244415 lol. put less money at something next time; that'll solve your problem. >poor fag detected

>>	Anonymous Sat Mar 29 00:59:46 2014 No.246404 >>245973 >short bitcoins? bitfinex.com

Anonymous Sat Mar 29 05:12:13 2014 No.246628

>>243522
you did everything wrong. i hope you're a troll
>buying fucking crypto
>investing more than you can stand to lose/money you actually need within the next 10 years
>investing all you have in one thing instead of splitting it
>panicking when your stupid bitcoins drop and going in a neckbeard board for help
this thread should be made a sticky for everyone to learn from since you do much worse with your money as you do

>>	Anonymous Sat Mar 29 05:42:03 2014 No.246641 >>245790 they don't seem to know when to quit hence setting limits. but hey any year now i'm sure it'll drop!

Anonymous Sat Mar 29 06:51:08 2014 No.246710

>>244260
>I really don't see much use for cryptocurrencies other than to pump and dump.

You use them to trade like any other currency, except they have no central bank, a limited supply to stop inflation and minimal transaction fees so bankers cannot take a large cut.

If you're running a business taking bitcoins means more profit because the credit card companies aren't going to take a cut of your funds for transactions, you also increase your customer base to include those people who will only pay in bitcoins.

>>	México Sat Mar 29 08:00:34 2014 No.246788 >>243522 well if when you bought the 20k in buttcoins you thought that the 800$ price reflected the fundamentals of the currency then surely you won't sell them now that they are below their fair value!

>>	Anonymous Sat Mar 29 08:20:13 2014 No.246812 >>246788 >fair value most of the planet hasn't heard of bitcoin. fundamentals of the currency are not everything fundamental to the price.

Anonymous Sat Mar 29 10:11:47 2014 No.246905

>>246710
there is no use for them. they're akin to pretend money or monopoly money. they only have value because freemen of the land (or just general libertarian retards) assign them value because it makes them feel better about living in their mom's basement using their tip money from working at Quiznos to stick it to the man.

>>	Anonymous Sat Mar 29 10:17:42 2014 No.246915 >>243441 Considering that I did not buy into either Bitcoin or Litecoin I feel lucky now that I can watch this disaster unfold and learn what mistakes people make.

>>	Anonymous Sat Mar 29 10:20:11 2014 No.246923 I'm not sure what's wrong with me, but I love watching BTC idiots lose their money. The more, the better.

Anonymous Sat Mar 29 10:27:11 2014 No.246931

>>246905

Most of the major 1st world countries now have fiat currency which is not backed by gold or any other material goods, fiat currencies are no different, they have value simply because enough people agree they have value.

Bitcoin has value because people will accept bitcoin in exchange for goods and services, the only difference with crypto currency is that no single governing body can regulate its use, which means the value cannot be driven down.

The fact there's a limited supply of bitcoins stops the ability of governing bodies to drive down the price of the currency, like with the dollar today which has devalued enormously since it first became a purely fiat currency.

>>	Anonymous Sat Mar 29 10:28:41 2014 No.246932 File: 276 KB, 1360x736, lel.png [View same] [iqdb] [saucenao] [google] Don't worry OP, you can make it back if you invest it all in LEL, dropping next friday

>>	Anonymous Sat Mar 29 14:44:14 2014 No.247290 File: 130 KB, 500x509, 1370531818848.jpg [View same] [iqdb] [saucenao] [google] >>246788 you saying that with that name makes it all the more humorous

>>	Anonymous Sat Mar 29 15:15:31 2014 No.247320 Could someone please explain to me how does this work? Why do the bittcoins suddenly lose value? Or why do they suddenly gain value?

>>	Anonymous Sat Mar 29 15:37:31 2014 No.247349 >>247320 do you know how stock market works?

>>	Anonymous Sat Mar 29 15:39:31 2014 No.247353 >>247349 No, please explain it to me.

>>	Anonymous Sat Mar 29 15:44:31 2014 No.247361 File: 1.07 MB, 1300x1078, 139126167246.jpg [View same] [iqdb] [saucenao] [google] why did moot have to push the /g/ master race and /pol/ idiots into the same room

>>	Anonymous Sat Mar 29 15:51:04 2014 No.247370 File: 32 KB, 422x271, ScreenHunter_009.jpg [View same] [iqdb] [saucenao] [google] >>247361 since when was /g/ mastur of anything but bating?

>>	Anonymous Sat Mar 29 15:55:31 2014 No.247375 >>247353 you buy/sell bitcoin on exchanges where current holders sell and usd owners buy, they base their decisions on many factors and thats how the exchange value is determined

>>	Anonymous Sun Mar 30 12:30:22 2014 No.249088 Bitcoin has lost 10% today and counting. BUY BUY BUY! TO THE MOON!

>>	Anonymous Sun Mar 30 13:32:13 2014 No.249158 >>249088 502 -> 436 shitcoin is shit

>>	Anonymous Sun Mar 30 18:08:54 2014 No.249779 >>246915 Same here man. I almost put a thousand down in December. But the WINKLEWEINERS are leading BTC. I can't take the property seriously if they're involved.

>>	Anonymous Sun Mar 30 18:38:24 2014 No.249856 File: 66 KB, 620x349, saviour of cryptocurrencies.jpg [View same] [iqdb] [saucenao] [google] >>249779 >yfw you are the only serious cryptocurrency leader around

>>	Anonymous Sun Mar 30 18:52:54 2014 No.249884 >>246915 You mean you're mad that you missed the train?

>>	Anonymous Sun Mar 30 20:48:39 2014 No.250148 >>249884 You mean you're mad that you missed the train and the resulting train wreck after? FTFY

>>	Anonymous Sun Mar 30 21:08:38 2014 No.250179 >>244346 Yeah, it's not like there was a guy on /g/ who bought a Lamborghini with the money that he'd made off Bitcoins or anything.

>>	Anonymous Sun Mar 30 21:19:38 2014 No.250200 File: 44 KB, 622x418, rate.png [View same] [iqdb] [saucenao] [google] Looks like that was a short lived low.

>>	Anonymous Sun Mar 30 21:32:08 2014 No.250234 File: 49 KB, 509x657, Capture.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Sun Mar 30 21:36:38 2014 No.250245 >>250234 no

>>	Anonymous Sun Mar 30 21:48:38 2014 No.250286 >>250245 why

>>	Anonymous Sun Mar 30 21:59:38 2014 No.250304 File: 47 KB, 142x178, stuart-dooley-king-of-the-hill.png [View same] [iqdb] [saucenao] [google] >>243441 Your money's gone.

>>	Anonymous Sun Mar 30 22:06:38 2014 No.250315 I love watching you tards panic while I keep making bank. >pic related what I made today

>>	Anonymous Sun Mar 30 22:07:38 2014 No.250318 File: 4 KB, 237x137, capture.png [View same] [iqdb] [saucenao] [google] >>250315 kek forgot da pic ;^)

>>	Anonymous Sun Mar 30 23:22:47 2014 No.250498 >>243472 I wish I could short sell bitcoin

>>	Anonymous Mon Mar 31 00:50:11 2014 No.250611 >>243452 First post got it right. I advise holding permanently though, I have about $50k in BTC, and I'm not even slightly worried.

>>	Anonymous Mon Mar 31 00:52:11 2014 No.250619 >>250498 I wish you could too. The thread would be so funny. Also, you can. you can even do margin shorts on bitfinex.

>>	Anonymous Mon Mar 31 00:59:11 2014 No.250632 >>250611 Time to buy up, then?

>>	Anonymous Mon Mar 31 01:13:41 2014 No.250649 >>250632 yes, I've got a thread about it already. >>249885

>>	Anonymous Mon Mar 31 01:23:00 2014 No.250661 >>250649 Excellent. When I get home, I'll install a wallet on my computer, let it sync, and then invest a bit. Thank you Merchant!

Anonymous Mon Mar 31 02:14:11 2014 No.250720

>>243826
top lulz.. i laughed my ass off because it's true. this isn't a guns and tanks and shit world anymore. it's an autstic world where ideas are more important than people now. when a neckbeard can take over 500 peoples jobs by writing a few scripts and plugging it into a robot. ya autistic people really are all powerful. fuck look at snowden basically fucked over a multi billion dollar surveillance system. autistic money is the money of the future. but it won't beat out gold.... probably..

Anonymous Mon Mar 31 02:21:41 2014 No.250732

>>243908
thinks 5 figure sum is a ton of money.. talk to me when you realize the scale of this shit.. the fact that they want to tax it shows just how powerful this shit is... in essence it poses a threat to eclipse some countries economically. mainly it's the jews worried about a technological threat to their powers of money creation

>>	Anonymous Mon Mar 31 02:23:42 2014 No.250734 >>243441 Don't sell faggot.

>>	Anonymous Mon Mar 31 02:25:12 2014 No.250737 >>243940 >>243940 >>243940 i'd talk with you if i didn't suspect you were an informant

>>	Anonymous Mon Mar 31 02:25:41 2014 No.250736 Meh, holding a sum near equal that of my previous profit. Bought around $700. So boring just to watch... Anyone know these feels?

Anonymous Mon Mar 31 02:26:41 2014 No.250739

>>250611
I think you should be worried, if we see a 420 i think we're pretty much doomed. As i see it this has just been a bubble and now it's bursting hard. I was 100% out at 482 and i can only say that i have been right so far.
Good luck but don't panic hold to long. If you really have 50k in right now i think you should take a moment and seriously think about pulling out.

>>	Anonymous Mon Mar 31 02:32:11 2014 No.250743 >>244059 intelligence agent seeking info..

>>	Anonymous Mon Mar 31 02:32:11 2014 No.250744 SELL NOW OP. GET YOUR MONEY AND RUN. BITCOIN WILL FAIL.

Anonymous Mon Mar 31 02:34:11 2014 No.250745
File: 53 KB, 300x300, 500581_300.jpg [View same] [iqdb] [saucenao] [google]

About 3600 bitcoins are mined every day. To maintain a price of $430, people have to convert over $1.5 million in cash (or the euro/yen/whatever dollar equivalent) every day to Bitcoins.

As these are all just worthless hashtags, eventually this ponzi scheme will end.

>>	Anonymous Mon Mar 31 02:38:41 2014 No.250753 Free BTC for anyone who knows what a private key is: 5JL6gvJZJhBgbHZDNR1FR3ro5f6aNovQyi822wLpYrDuvVMHdgz

>>	Anonymous Mon Mar 31 02:40:42 2014 No.250756 >>250753 Which address...

>>	Anonymous Mon Mar 31 02:42:42 2014 No.250762 >>250756 It's a private key, it contains the address and the key to use it.

>>	Anonymous Mon Mar 31 03:10:21 2014 No.250783 >>250762 didn't have shit anyway.

>>	Anonymous Mon Mar 31 03:22:21 2014 No.250795 File: 96 KB, 500x500, 1277173636371.png [View same] [iqdb] [saucenao] [google] >>244720

>>	Anonymous Mon Mar 31 04:27:38 2014 No.250817 Nothing wrong with Bitcoin protocol, so everyone selling now is an idiot. Just wait a few years, people will forget, new people will stumble upon BTC and there will be another bubble in the thousands. Sell if something happens to the protocol.

Anonymous Mon Mar 31 05:35:56 2014 No.250891

>>250745
Or, people mine them and keep them
Or, people sell goods, instead of just converting fiat
Or, the price could fall by about 0.03 cents per day at the current market cap
Or, people accidentally destroy bitcoins all the time
Or, miners already pay 1.5 million in electricity to mine them, in combination with the other options

Don't be so simplistic. It is unbecoming.

Anonymous Mon Mar 31 05:37:56 2014 No.250894

>>250817
even then, you need to be judicious about what it means for something to 'happen to the protocol'

I didn't sell during the fork last year, I watched it happen in real time and LOL'd all day.

There aren't very many things that can 'happen' to the protocol, that can't be unhappened.

To be frank, I'm not aware of any legitimate scenarios.

>>	Anonymous Mon Mar 31 15:26:53 2014 No.251812 >>243644 Remember when 1000 was "the bottom"

>>	Anonymous Mon Mar 31 16:40:14 2014 No.251997 Guys buy ltc instead and wait, mt.gox said that they will adopt them next monday

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/biz/ - Business & Finance