/biz/ - Business & Finance

So you'd have to be crazy not to sell right now, right?

> Trying to buy Bitcoin for $100,000
> Started the process when BTC was @ 3000
> Bank delayed payment, stll waiting for it to hit exchange
> By the time bitcoin hits 6k I will have it.

Yet another reason why SWIFT sucks cock

Should I get on now?

I got burnt in the past because I put too much into it, causing me to panic sell a few times.

Bitcoin investing?
>How much should I buy?
>How long will it take to hit $1k USD?
>Should I buy and sell like stocks, or just hold on to them??
Don't wanna be like a newfag at this, but I just dont know where to start. Thanks

>bitcoin at $ 763.82 according to Bitstamp
>local seller wants $ 796.04 (740.12 Euros)

Am I being scammed?

LOOK ANOTHER BITCOIN THREAD!!

Serious question though. Is investing in bitcoin and I mean serious investing like over $15000 not profitable. Even if electricty was a non issue? My family owns a farm and we run on natural gas generators. I have done the math with our specific generator and looking at our monthly bill and 10 therms = 1 million btus. our generator is 200 amp with 20 kw 208-240 v

if I were to purchase 16 s7 miners they would they would run the generator at near 100% which is 308000 btus which = 3 therms. A therm costs $.05 so basicaly would be paying $.15 an hour to run these machines rather than $2.58 an hour on electricity. According to bitcoin calculators and adjusting with 7% increase in difficulty monthly i would be making well over $3500 a month

WHAT AM I DOING WRONG. IS THIS A GOLDMINE THAT I SHOULD TAKE THE OPPORTUNITY TO TAKE?

What is the halving?

The Bitcoin Halving is like a Christmas that occurs once every four years. Santa Clause delivers presents in the form of untold riches but only to those good little boys who've been buying and holding their Bitcoins and ignoring altcoins.

What is the halving really?

The Bitcoin block mining reward halves every 210,000 blocks, or about every four years, and the coin reward will decrease from 25 to 12.5 coins

When is the halving?

July 9th

Halving info:

http://www.bitcoinblockhalf.com/

The Bitcoin wiki:

https://en.bitcoin.it/wiki/Main_Page

How do I buy Bitcoins?

http://www.coindesk.com/information/how-can-i-buy-bitcoins/

Bitcoin statistics:

https://coin.dance/stats

Top 100 Richest Bitcoin Addresses:

https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Google Trends, Interest over Time:

https://www.google.com/trends/explore#q=%2Fm%2F05p0rrx

Bitcoin Difficulty:

https://bitcoinwisdom.com/bitcoin/difficulty

https://blockchain.info/

Bitcoin Forum filled with third-world signature spamming faggots, still better than leddit:

https://bitcointalk.org

Bitcoin is not a currency. Prove me wrong.

A currency is something that is a
> medium of exchange
> store of value
> unit of account

Bitcoin is used as a medium of exchange, and it does store value, but is not used as a unit of account.

Therefore, it is not a currency, it is an asset like a stock. /biz/cryptofags BTFO.

So where are the bitcoin billionaires? hidden good?

https://en.wikipedia.org/wiki/History_of_bitcoin
December 2012 - under 12$
December 2011 - 2$
February 2010 - 0.008$
January 2009 - No price, practically free.

Why is it getting btfo?

Almost 10% down in one week.

I invested my life savings into this because everyone said we we'd be hitting 1k next year.

Help pls.

Everyone argues that Bitcoin will be extremely valuable once a majority of people catch onto it.

Just about everyone I've talked to knows about Bitcoin. So to me it seems like a good portion of people know about Bitcoin, how come basically nobody owns any of their own?

Utility is arguably the largest hurdle to adoption at the moment. So /biz/, what will be the turning point in adoption?

Will it be when Bitcoin being accepted at every online retailer or something more brick and mortar like Wal-Mart?

I just invested 10k in Bitcoins.

How fucked am I on a scale of 1 - 10?

/biz/, how would you keep your online earnings anonymous? I currently have them in bitcoin, but would like a more stable alternative that won't fluctuate. Paypal will forward your info to the IRS after $1,000. Suggestions?

Isn't Bitcoin, when you get right down to the basics of it all, essentially free money?

Is the Bitcoin "legit" ? I mean, can I put my savings in BTC and make a little profit, or is there a risk of crash ? I'm not talking about investing, I want to be sure to get the same amount of money or better in, say, 5 years.

>>811375

Litecoin is a risky game, but it's one worth playing.
If you decide to do this, keep a hawk-eye on your portfolio and make sure you have sell safety net orders.

Also, you can do BTC/LTC trades on BTC-E if you're into arbitrage game.

Hello /biz/ anyone mind explaining bitcoins to a novice? I'm interested in investing I've already downloaded the mycellium app for android. What exactly is trading. How does it work? I'm thinking of making 100$ investments every month is this feasible?