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/biz/ - Business & Finance

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4895100 No.4895100 [Reply] [Original]

>$0.02 Bitcoins a bubble!
>$0.04 Bitcoins a bubble!
>$0.08 Bitcoins a bubble!
>$0.16 Bitcoins a bubble!
>$0.32 Bitcoins a bubble!
>$0.64 Bitcoins a bubble!
>$1.28 Bitcoins a bubble!
>$2.56 Bitcoins a bubble!
>$5.12 Bitcoins a bubble!
>$10.24 Bitcoins a bubble!
>$20.48 Bitcoins a bubble!
>$40.96 Bitcoins a bubble!
>$81.92 Bitcoins a bubble!
>$163.84 Bitcoins a bubble!
>$327.68 Bitcoins a bubble!
>$655.36 Bitcoins a bubble!
>$1310.72 Bitcoins a bubble!
>$2611.44 Bitcoins a bubble!
>$5242.88 Bitcoins a bubble!
>$10485.76 Bitcoins a bubble!
>$20971.52 Bitcoins a bubble! We are about to be here.
>$41943.04 Bitcoins a bubble!
>$83886.08 Bitcoins a bubble!
>$1627772.16 Bitcoins a bubble!
>$335544.32 Bitcoins a bubble!
>$671088.64 Bitcoins a bubble!
>$1342177.28 Bitcoins a bubble!
>$2684354.56 Bitcoins a bubble!
>$5368709.12 Bitcoins a bubble! Ding ding ding i am fucking rich!

>> No.4895152

>>4895100
those digits!

>> No.4895166

>delusions

Because everything has a price, and everything has a top, son.

>> No.4895218

Do you think Bitcoin is the same now as it was in 2013 when it was traded solely by basement dwelling virgins? Everyone and their mother is putting their money in bitcoin now.

>> No.4895219

>>4895166
This will not correct.
This is pandoras box.
Sorry you missed out.
Not sorry your poor.

>> No.4895242

>>4895100
>IT DIDN'T BURST YET, THEREFORE IT HASN'T JUST BEEN A BUBBLE ALL ALONG
>BASIC BECKY AND GOATEE TODD DOWNLOADED COINBASE ON THEIR IPHONES THIS WEEKEND AND THEY'RE TOTALLY GONNA WIN ON THEIR BITCOIN PURCHASE, BECAUSE THIS IS TOTALLY HOW THESE THINGS ALWAYS HAPPEN. THE NORMIES ARE GONNA GET RICH OFF OF THE MARKET MAKERS AGAIN!!

I took my profits and got out of this shit Wednesday and I have NO regrets.

Blood is coming.

>> No.4895270
File: 136 KB, 710x473, 10_kim_jong_un.w710.h473.jpg [View same] [iqdb] [saucenao] [google]
4895270

>>4895242
>tfw made 20x this year, cashed out principal and then a lot more
i hope basic becky and goatee todd will see similar performance :-)

>> No.4895282

What happens when it takes a nosedive and you can't sell it off? Do you worry about the lack of safety regarding bitcoin? I don't know enough about it, didn't some exchanges basically freeze trading once?

>> No.4895304
File: 47 KB, 891x593, 1385929512023.png [View same] [iqdb] [saucenao] [google]
4895304

>>4895218
>Everyone and their mother is losing their money in bitcoin now.
FTFY

>> No.4895322

>>4895242
>>4895270
>>4895282

You cannot apply old paradigms to predict bitcoins price.

https://youtu.be/CssU9WBHx6k?t=39s

>> No.4895362

>>4895322
nice belief bro but my greed has some limits, good luck with your bags

>> No.4895363

>>4895304
Doesn't apply with currencies because of the network effect. People will literally start to see bitcoin as money.

>> No.4895364
File: 9 KB, 862x490, btcdeviation.png [View same] [iqdb] [saucenao] [google]
4895364

>>4895219
>I-It's not gonna correct
>j-just ignore those other corrections

>> No.4895368

>>4895322
Not gonna watch the video but, not trying to disprove anything just asking what would happen, and if these exchanges can still get away with shady shit? I don't have a deep knowledge of bitcoin or blockchain tech

>> No.4895408

>>4895363
not if they leave the basement and actually have to do business in real world currencies that are actually usable

>> No.4895409

>>4895364
Thats not a bitcoin chart faggot

>> No.4895488
File: 26 KB, 1709x733, btcchannel.png [View same] [iqdb] [saucenao] [google]
4895488

>>4895409
Yes it is.

>> No.4895570
File: 46 KB, 941x624, adoption_curve.jpg [View same] [iqdb] [saucenao] [google]
4895570

>>4895408
Because not enough people have adopted it yet and scaling solutions are still being worked on. But feel free to be a laggard and hop on AFTER it's all worked out at 1 mil per coin.

>> No.4895660

https://www.youtube.com/watch?v=KTf5j9LDObk

Posting again

>> No.4895663

>>4895570
ok i'll do it after, good idea.

>> No.4895685

>>4895570

We in early majority

glad to have snuck in to early adoption last summer

>> No.4895747

>>4895322
You can when the only underlying reason for the price (greed and speculation) is very much "old paradigm."

>> No.4895764

>>4895363
lol. Is that why the FEW companies that accept Bitcoins are getting fewer each and every day? Even if people wanted to use it, they rather hoard it in hopes it will gain more "value."

>> No.4895765
File: 109 KB, 588x823, 1509314646465.jpg [View same] [iqdb] [saucenao] [google]
4895765

>>4895570
>1mil per coin

>> No.4895780

>>4895660
lmao, perfect kek

>> No.4895837

>>4895764
Bitcoin debit visa cards are a thing you fucking moron. Accepted everywhere.

>> No.4895883

>>4895764
The internet was slow, shitty, and had low capacity when it first came out, but it was upgraded over time as more people joined the network. You invest in something for it's potential, not for it's current state.

https://www.youtube.com/watch?v=a73Gz3Tvx3k

>>4895765
Easily.

>> No.4895999
File: 3.35 MB, 642x414, 1511815666168.gif [View same] [iqdb] [saucenao] [google]
4895999

>>4895409
HAAAAAAAHAHAHHAHA
THIS IS GOING TO BE GLORIOUS

>> No.4896006

>>4895883
>The internet was slow, shitty, and had low capacity when it first came out, but it was upgraded over time as more people joined the network. You invest in something for it's potential, not for it's current state.
The internet is a medium, Bitcoin is a currency...a currency that sucks at it's one and only job.

>> No.4896032

>>4896006
You dont even know what the fuck it is.
Stupid ignorant nigger.

>> No.4896102

>>4896006

It's pretty similar. The internet in its purest form is just a decentralized network of nodes. The tech used to be shitty so shit was slow. It had to centralize (somewhat) in order for the infrastructure to improve and become fast, much like BTC is doing with LN. This enables you to do most regular stuff quickly, but still have the ability to go "off" the centralized portion in case of crisis or personal need. This is Satoshi's vision.

>> No.4896106

>>4896032
an outdated protocol that doesn't scale touted as a "store of wealth" by people who have lost every other leg they once stood on

>> No.4896126
File: 828 KB, 470x188, bateman_restaurant[1].gif [View same] [iqdb] [saucenao] [google]
4896126

>>4895363
>"this time is different".

Fucking retards, when will they learn...

>> No.4896157

The thing I've learned about crypto is that it's impossible to predict and no one knows what the fuck they're talking about.

>> No.4896171

>>4896126
You're right, nothing has ever been different since the beginning of time. When we invented agriculture, life was exactly the same before and after.

>> No.4896175

https://www.youtube.com/watch?v=KTf5j9LDObk

>> No.4896182
File: 162 KB, 957x1300, 1507607554489.jpg [View same] [iqdb] [saucenao] [google]
4896182

>>4896102
I am the Satoshi,
Only when the price is rice, will Bitcone go to 50k then 220k within 2 months of price is rice achievement
you have been waned

>> No.4896194

>>4896171
Beyond saving. You'll just have to learn the hard way

>> No.4896210
File: 446 KB, 808x805, pinkieape.png [View same] [iqdb] [saucenao] [google]
4896210

>>4896106
BITCOIN WAS ALWAYS A STORE OF WEALTH!
WE'VE ALWAYS BEEN AT WAR WITH EURASIA!

>> No.4896233
File: 9 KB, 300x168, btc.jpg [View same] [iqdb] [saucenao] [google]
4896233

>>4895100

>> No.4896287

>>4896194
What? I just agreed with you. Nothing ever changes ever in human history.

>> No.4896313

>>4895304
>limited assets

there's your problem. by the time bitcoin is limited even from a penny level investment everyone on this board is already in the high 6 figures at least.

>> No.4896385
File: 44 KB, 740x290, 1393302205320.png [View same] [iqdb] [saucenao] [google]
4896385

>>4896032
Oh sorry, it's a "store of value!"
*pop*
>oh noes, my store of value is worth half as much now!
>oh noes, I can't cash out my store of value because all of the exchanges magically went into "maintenance mode"
Give me a break.

>>4896157
Crypto is easy to predict once you realize that nearly everyone in it is either greedy, deluded or both. The worst offenders will always be left holding the bags. I know when to call it quits. That's how I've made money in this.

>> No.4896402

>>4896313
>unlimited forks
>infinite altcoins
being this autistic

>> No.4896404

>>4896194
its not our fault that you dont understand how bitcoin works, how the world works, and why it is so successful. if you do some honest research about the things around you, and learn about what actually makes bitcoin so great, you will see why it has intrinsic value.

>> No.4896429

>>4895100
yes, yes, you will definitely be able to time this bubble, goy.

>> No.4896488

>>4896429
>>4896182
>when the price is rice
theres your answer
straight from satoshi himself

>> No.4896509

>>4896385
hey look it's a sane person
it's like the normies don't even realize how much of an absolute killing we've made so far and they think that past performance begets future gainz, and that the gains of the past are less and less likely as the market grows in diversity and size. 95% of the people from early this year don't even browse here anymore because they're too busy snorting blow off hookers in the seychelles with all of your guys' money.

>> No.4896584

>>4896385
>oh noes, I can't cash out my store of value because all of the exchanges magically went into "maintenance mode"
kek. this might be the worst thing about it all

>> No.4896586

>>4895100
Anyone have the bitcoins a bubble infographic?

>> No.4896610

>>4895100
It's not a bubble. It's a currency.
https://www.theonion.com/bitcoin-on-path-to-functioning-just-like-real-currency-1821128169?utm_content=Main&utm_campaign=SF&utm_source=Facebook&utm_medium=SocialMarketing

>> No.4896640

>>4896404
Please, tell us what Bitcoin is so successful at!
Is it being a currency? It's hoarded and so volatile it's not that.
Is it being a store of value? It's so volatile that it can't be trusted to have a similar value by the end of the day.
Going up in value for now isn't success. It's not achieving anything other than catching greedy people.

>> No.4896808

>>4896640
Don't worry, once you hop in at the laggard stage (1 mil) the volatility will be great diminished. At this stage of the game, you can sit out and watch.

>> No.4896860

>>4895368
Don't keep BTC on exchange, problem solved.

>> No.4896868

>>4895219
yes, you're right
its a paradigm shift
an asset that never devalues and keeps growing

>> No.4896937

>>4895570
>confusing bitcoin, an asset, with blockchain, the technology

smart guy

>> No.4897055

>>4896640
freeing you from the control of the federal reserve. being an immutable currency with predictable printing resistant to inflation. so far it HAS proven itself a store of value, an amazing one at that.

going up in value is a success. anything that goes up in value in a market with competition either means it is successful among its peers, or in an economic framework in general, or both. seeing as bitcoin has gone up in value, and still does, and is also the leader in market cap among its peers, it is both.

even gold could be devalued massively when we go in to space and mine asteroids. while that seems ridiculous, bitcoin is even immune to that. you also cant give someone in australia gold very easily.

and stocks, lol cmon man. talk about arbitrary? stocks are literally useless for anything BUT trying to make money off of. bitcoin serves a purpose. the degree of that purpose depends on how much of the red pill youre willing to swallow.

>> No.4897086

>>4895100
Bitcoin wasn't a bubble until it became a shitcoin with no fundamentals. Now it's a bubble, unless it decided to fork into something useful.

>> No.4897091

>>4895570
>we'll fix it later
It needed solutions like two years ago. Core and the miners won't do shit, some other coin is going to pull in and do what those lazy fucks won't, and Bitcoin will zero out.

>> No.4897117
File: 81 KB, 378x357, frog.png [View same] [iqdb] [saucenao] [google]
4897117

>>4897055
>stocks, lol cmon man. talk about arbitrary? stocks are literally useless for anything BUT trying to make money off of. bitcoin serves a purpose
Is this bait?

>> No.4897169

>>4897091
They're not lazy, they're taking advantage of the fact that they profit off of high transaction fees and can profit immensely from buying up all of the ASICs to keep a stranglehold on hash power. I don't see any economic incentive that could change this. Bitcoin will never go back to what it once was.

>> No.4897186

>>4897091

>Laziness

I'll tell you the real reason: stability. Stability is a core feature of any unit of value. When someone buys BTC, they don't want to see that they have to jump ship for every meme hard fork that decides to crop up once enough people with busy hands decide it's necessary.

Before a hard fork ever happens, every other soft fork and optimization measure must be taken because stability has to be protected and defended at all costs.

It's basically progressives vs. conservatives, some people want things to change and move way too quickly and may burn things in the process.

>> No.4897196

>>4896808
Is that what you call do? Just wait and hope one day it'll be something? That's not how things grow. You have to innovate and keep up with the competition. What does Bitcoin have to offer besides all the other shitcoins? Nothing. It's just the first one so that's where the money was pumped into. Oh course, the other shitcoins may have fixed some of Bitcoins's faults, but they all still are too much like Bitcoin. People are in it as some false hope of getting rich, not to use the thing it's designed to do.

>>4896860
So the exchanges can't steal your money, you just can't cash out at all when they go down leaving you still with no money. The exchanges have always been the weakest link in crypto. When your shitcoin goes up in value, do they have the money to cover that increase? No, of course not. And unlike banks, which have other banks covering their asse, there is nothing backing up the exchanges.

>> No.4897218

I get frikin ads about bitcoin when I read my local countrys newspapers.

Everyone is in it. It will crash next year 100%, total normies who have no idea about tech are entering due to all shilling in media.

>> No.4897302
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4897302

>>4897055
>going up in value is a success. anything that goes up in value in a market with competition either means it is successful among its peers, or in an economic framework in general, or both.
Or it's just people being greedy. Beanie Babies 2.0

>> No.4897702

>>4895100
can someone post the bitcoin bubble meme?

>> No.4897713
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4897713

>Central banks think bitcoin is a bubble
>Book stores think Amazon is a bubble
>Monestaries think printing press is a bubble
>Hunter-gatherers think agriculture is a bubble
>Blockbuster thinks Netflix is a bubble
>Horse-and-cart manufacturers think cars are a bubble
>CD stores think Spotify is a bubble
>Post office thinks email is a bubble
Gee I wonder who could be behind this

>> No.4897769

>>4897218
Do you know how ads work?