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/biz/ - Business & Finance

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File: 231 KB, 1000x935, bitcoin1.jpg [View same] [iqdb] [saucenao] [google]
804220 No.804220 [Reply] [Original]

Bitcoin will hit 20000 USD for 1 BTC in 5 years time, screencap this post.

>> No.804237

Yes.

>> No.804238

>>804220
should i buy now or no

>> No.804245

>>804238
https://www.youtube.com/watch?v=XbZ8zDpX2Mg

It will crash so keep waiting for that perfect price.

>> No.804253

>>804245
when will it crash? it doesn't look like it's bubbling

>> No.804324

>20k
>current 250
>highest 1.2k

Ha. Keep dreaming bud.

>> No.804326

>>804324
>went from 120 to 1.2k
>implying it won't happen again

>> No.805073
File: 414 KB, 1762x878, to_the_moon.jpg [View same] [iqdb] [saucenao] [google]
805073

>>804220
dogecoin is wow

>> No.805137 [DELETED] 

>not buying for pennies in 2012
plebs.
still, not too late. i'm determined to stash at least 20btc so i can be one of the million max people who can ever hold that amount.

>> No.805392

>>805137
You can also unlock your "20 BBC" achievement and you'll be one of the million people max who had that much.

>> No.806297

>>804253
You are literally fucking retarded, just like every Bitcoin hater ever.

>> No.806427

>>804220
I hope you get cancer and die. Fuck you.

I am pro bitcoin and these posts are heinous.

>> No.807277

No, it will be 1 bit = 1 dollar (=1,000,000 USD/1 BTC) -long term!

>> No.807823

>>806427
Faggot.

>> No.807834

>>804220

You are funny anon.

>> No.808364

Where is the best place to keep a bitcoin wallet? If I keep $10,000 worth on a site like blockchain can I trust it?

>> No.808372

>>808364
blockchain.info is very safe, even they don't have access to your keys. exactly how safe depends on your level of certainty that your pc is utterly void of malware.
using a cold storage wallet is 100% safe. install bitcoin core on an operating system which has absolutely no connection to the internet and never will have. run the wallet, back up your wallet.dat file and make a note of your receiving address, then shred the o.s. zero chance those coins are being stolen.
could have gone into a lot more detail here but conscious of how alien this stuff is to most people. might be best to google "bitcoin cold storage wallet"

>> No.808381

>>808364
hell NO

blockchain have had numerous serious issues

use Armory, Electrum offline wallets, etc.

to be ultra paranoid, use several different methods of storage

>> No.808384
File: 42 KB, 966x408, Screenshot from 2015-07-06 13:49:03.png [View same] [iqdb] [saucenao] [google]
808384

BETTER GET ABOARD, BITCOIN MOONROCKET IS BEING PREPPED FOR LAUNCH.

>> No.808387

>>808381
>use several different methods of storage
this would reduce security. andreas antelopemonopolies is the chief security exec for blockchain.info. assuming i'm not a pleb who opens every HotGril.JPG.exe file emailed to them, i'd only feel safer if it was satoshi himself.

i manually create my own paper wallets, but this is probably perfectly safe too...
http://www.coindesk.com/information/paper-wallet-tutorial/

>> No.808395
File: 195 KB, 395x450, thisDoge.jpg [View same] [iqdb] [saucenao] [google]
808395

>>805073
such luck

>> No.808472

>>804220
It's not worth anything if you can't reliably cash out safely all the time.

>> No.808479

>>808387
>andreas antelopemonopolies is the chief security exec for blockchain.info

Well, AA or not, as a company they've done some REALLY stupid things, google "blockchain.info RNG".
e.g.
>https://bitcointalk.org/index.php?topic=1085983.0
>https://www.reddit.com/r/Bitcoin/comments/2onm5r/blockchaininfo_security_disclosure/

These are SERIOUS errors.

You could have your money stolen through no fault of your own and without even opening that HotGril.JPG.exe

I think in all cases they refunded affected customers, but still... I wouldn't trust them with more than pocket change.

>> No.808490

>>804238
It's a fairly good price to still buy in, I've been watching. Charts for like 1.5 years now. Although your never gonna call tops or bottoms.

>> No.808492
File: 257 KB, 369x380, aUSiZ12.png [View same] [iqdb] [saucenao] [google]
808492

Should i get into DOGECOIN? i prefer it to bitcoin.

What are the advantages/disadvantages

>> No.808505

>>808479
only legit cold storage is guaranteed atm to be safe, i still recommend blockchain.info to noobs. it's by far the safest online wallet imo and it's piss easy.

cold storage should be easy as fuck too though for anyone capable of so much as using /biz/. you just need to download this...
https://bitcoin.org/en/download
run it on a fresh install of an o.s which has no net connection, grab the wallet.dat and receiving address it creates, then destroy the o.s on which it was created. the only way anyone can then steal your shit is to come and steal the physical hardware (usb drive, piece of paper, whatever) on which you stored the wallet.dat's credentials.

wish i could sell paper wallets, but they really do need to be created by and seen solely by the owner of the funds.

>> No.808510

>>808492
>What are the advantages/disadvantages
there are untold numbers of plebkids using it so there's tonnes of support. cannot think of any other advantages. i hate doge since mining it since a few mins after it's launch, then bailing because i thought it was shit. could have made silly money if i'd kept those gpu's whirring. too butthurt to buy, own or trade a single doge ever. if you wanna learn to use (mine, own, trade whatever) cryptos and you dunno what you're doing, then it's probably pretty cool.

>> No.808519

>>808384

That's great. Contact us when the crypto-currency reaches ohhhh let's say $700 per coin, again.

>> No.808521

>tfw bought .10 for $110 last year

ROA when

>> No.808529
File: 1018 KB, 500x700, johnwayne.gif [View same] [iqdb] [saucenao] [google]
808529

>>808521
>tfw bought 350 for $2-$6 in 2012
yeah you're gonna be waiting a while. unless you buy XMR.

>> No.808558

>>808529
XMR is love, gonna buy 100 of them this week.

>> No.808580
File: 58 KB, 322x472, reaction mr t.jpg [View same] [iqdb] [saucenao] [google]
808580

>made 5% return on a litecoin trade
>wake up and realize I could have made over 10% return

FUCK.

>> No.808607
File: 114 KB, 2706x1308, btcprogress.png [View same] [iqdb] [saucenao] [google]
808607

>>808519
Then you'll be crying about how you didn't invest or still in denial saying it's going to crash. Pic related.

>> No.808614

>>808505
>only legit cold storage is guaranteed atm to be safe
Agreed. And if he is investing $10K, he better graduate from "noob" pretty fast.

>grab the wallet.dat and receiving address it creates, then destroy the o.s on which it was created
Does Bitcoin Core still create a limited size pool of addresses? That caused noobs to lose money in the past. I would still recommend Armory or Electrum or some software that uses wallet seeds, for this reason. Unless they've fixed it.

>>808519
I will. Mainstream investment is just getting started. Any future bubbles will be open to anybody, minimal technical skills required.

>though, I don't pretend any of the manic spikes are other than risky wild speculation

>> No.808653

>>808607

You're funny anon. I like you.

>> No.808877
File: 56 KB, 1295x799, bitcoin_trend.png [View same] [iqdb] [saucenao] [google]
808877

Just bought another $750 in bitcoin to add to my stash.

Google trends showing searches for bitcoin raising quite a bit this month.

I think another bubble is brewing, I wouldn't be surprised if we're above $400/BTC in a month.

>> No.808904

It's probably due to Greece voting influencing the btc market , again. Just like 2 years ago when BTC spiked.