/biz/ - Business & Finance

https://www.forbes.com/sites/kellyphillipserb/2019/10/16/irs-followed-bitcoin-transactions-resulting-in-takedown-of-the-largest-child-exploitation-site-on-the-web/#ab86e0a1ed0d
>According to the IRS-CI, agents became aware of Welcome to Video, the largest child sexual exploitation market by volume of content, because of their work on previous dark web marketplaces.
>IRS-CI was able to trace bitcoin transactions on the site to people all over the world who were uploading and downloading this material, as well as find the location of the site administrator. By analyzing the blockchain and de-anonymizing bitcoin transactions, the agency was able to identify hundreds of predators around the world - even though those users thought that they could remain anonymous.

Looks like bitcoin is useful after all!

>>13793422
>buttcoin

How many more cycles of Bitcoin Pyramid hysteria will there be? Bitcoin is just a chink investment all over, they love it, it's a pure gamble, everybody just wants to buy it to sell it higher, I couldn't think of anything worse to put your money into long term.

Will we then have a bull market a few years after the next one where we go to $1M? $5M? What happens then? Who wants to be buying this shit knowing that there is absolutely no more growth to be had in it because everybody's already bet as much as they could into the system?

"Hey guys buy some Bitcoin, the upside could be 2x over the next 20 years, but the downside is potentially 100%, also nobody uses it for anything apart from betting on the price."

Who the fuck would buy this shit once it gets to higher prices? Why does every dumb motherfucker on here and Twitter and elsewhere think it's all gonna magically level off, and they all get to be rich and it all gets passed on to some imaginary infinitely deep pocketed third party society that exists only in their fantasies? Why would they want to buy this over priced, entirely speculative pointless sack of shit from you? Bitcoin is on borrowed fucking time, in fact all of crypto is. If we do get to 300K per Buttcoin, then it's gonna be one big nightmare where everybody is rushing for the doors, and at that point it will have finally been seen as the biggest, slowest moving mega bubble in financial history, but mark my fucking words, it will be dead in the water within the next 1 or 2 hype cycles. There is a ceiling to this stupid shit and it's approaching fast.

Personally I see it playing out that we get another bubble going then it starts collapsing down short of $18K, then the real panic sets in that the "long term growth curve" has finally started collapsing in on itself and we finally see a tidal wave of blood, that is ALL of the cryptard "investors" getting absolutely fucking toasted. This will be the end of Bitcoin and most crypto.

>>11942578
You still have 17k, be fucking grateful, you don't deserve a cent.
But hey, as dumb as you are, I'm sure you know how to wake up from all of this.

https://soundcloud.com/stanley-swanson/ted-talks-anal-creampied-hiv-positive-supervirus-retard-nocoiner-cucks

Buying bitcoin for the first time. Let's say that, hypothetically, I want to order Item A from overseas and I use bitcoin for payment, when I set up my wallet and all that should I use aliases/fake names or does it not matter?

>tfw you just know the /greatest fool/ is on this board right now

>>9881388
imagine being this retarded

What's the intrinsic value of buttcoin?

I swear every time I talk to a buttcoiners it's but MUH EMP and what if da power goes out.

just why are these fucking faggots so dumb

I remember heating my room in the winter in high school mining bitcoins. Man that was dog ass slow. For some reason I never bothered to understand how bitcoin worked, I thought it was supposed to be a payment system. I believed it would be a ponzi scheme I could maybe make a couple thousand off of. I laughed when people said it would maybe be $100-1000 if it literally replaced USD which I thought would never happen.

I sold all my bitcoins for like $9 each because I though it would crash at $10, it went up to $30 then crashed. I left a couple on gdax and forgot about them. I figure I'd check back in 10 years and either be a millionaire or not. Got JUSTED of course.

>someone declares bitcoin is dead
>whalepool and other interested parties take it as a challenge
>margin shorts build up on exchanges (why the fuck do you idiots keep doing this? do you enjoy setting your money on fire?)
>fix the price higher by shoving up the books on various major exchanges with a couple million at 20x margin, peanuts!
>the buys that come through aren't genuine demand but shorts covering. INDEFINITELY, plus a trickle of demand from hardcore gamblers and naive simpletons chasing the dragon up to the very top.
low liquidity asset cults need to stop
bitcoin's price manipulation tactics simply wouldn't work if it was lumens or something that actually works as a transactional medium

I'm new to buttcoins, what sites do you guys use to buy bitcoins with?

I'm addicted to making buttcoins. I love spreading my cheeks and squeezing them out of my hairy asshole. They are so shiny and firm and beautiful, like real money. I put my buttcoins in a jar, there will never be another like it. I have a deal coming up with FedEx and they will ship my buttcoins to anyone who wants them for a good fee. I really love to smell them.

>>1568561

I've made so much money with Bitcoin these past couple of days that I am close to having a nervous break down. I don't even believe it ... it's like only a couple of days ago I was a broke poorfag struggling to pay my loans but after taking a massive risk and borrowing money from anyone I know now I am doing quite well for myself ...

Thanks for your advice biz, it changed my life. Seriously ... I am crying right now ... wtf

>>666575
>no transfer cost

https://en.bitcoin.it/wiki/Transaction_fees
>Transaction fees are voluntary on the part of the person making the bitcoin transaction, as the person attempting to make a transaction can include any fee or none at all in the transaction.

Buttcoiners would NEVER charge people fee's for using their internet funny money!
It would discourage potential bag-holders from getting on-board!

>>628534
They come out your butt.

>>605185
>i'm not even going to bother explaining.
Then I'll explain;
The recent increase in Hashrate is because Butterfly Labs was allowed access to it's miners, that where confiscated by the feds back in September.
http://arstechnica.com/tech-policy/2014/12/judge-lifts-federal-control-of-butterfly-labs-but-keeps-a-cautious-eye/

Also It's going to be FUCKING HILARIOUS watching the price of Bitcoin once Bitstamp resumes trading.
http://bitcoinity.org/markets/bitstamp/USD

>>450318
http://buttcoin.org/mining-rigs-5-revenge-bitcoin-miners

pretty much everything about Bitcoin is retarded ass.

>>142849
BitCoin