/biz/ - Business & Finance

why is it going up and why should i buy it

>>1553981
>why is it going up?
I don't know
>why should i buy it
To make profit.
I've almost doubled my money in 24 hours (More than 90% of profit)

>>1553981
Because its cryptocurrency for the cannabis industry

Am I wasting my 4 days up with NXT? Should I just buy POT and Bela right now?

Premined PnD garbage that has nothing to do with pot stocks

>>1554071
Yes, before it goes over 3000 satoshi.

Potcoin to 0.01BTC when?

https://www.linkedin.com/pulse/amazing-business-case-potcoin-alexander-sumin

http://dailycaller.com/2016/08/07/6-states-could-legalize-pot-this-fall/

>>1554345
>The team is also working on a comprehensive app which will include a social platform, user marketplace, legal database, buying and selling of coins, and more.
This shitcoin might actually have a future.

>>1554361
yeah possibly
>According to Bloomberg, out of America’s 7,600 banks and credit unions, only 220 provide some level of service to cannabis related businesses

>>1554361
>>1554365
blaze it faggots

Any ideas why the site is down?

Just broke 2k sats.

yeah, we are going to the moon. i think it will be 5k sats in a few days

>>1553967
i bought and sold at 300 sat cuz i got bored of it lol. im a retard.

Sell at 3k sats and buy back when it dips or just keep holding?

No coiners on suicide watch

>>1553967
Where do I buy these fucks?

>>1554536
poloniex

Is there a way to get instant bitcoins?

Or should I just pay USD for Potcoins on the Potcoin website?

>>1554550
Through an exchange might be cheaper, Potcoin.com = $0.02/PC

Will it go back to 3k again?
>>1554550
You can do that but it just went down I've heard, so who knows.

>>1554450
Hold until 5k then sell.

>>1554614
I sold the top and bought the dip and increased the number of coins I have by about 1/7.
If I'd waited longer before buying back in I'd have gotten more.

Close to 3k sat again.

Riecoin is the next huge fucking pump after potcoin, boys. Take all your profits and fucking x10 on Riecoin next!

>>1554870
no. sorry. it wont

How much more will potcoin grow?
It spikes, crashes, then walks up to where it spiked.
All the time.

Hitting 4k sats

>>1554879

You're a fool. RIC is the next fucking pump after This one.

GET INTO RIC BEFORE TOO LATE

>>1554557
>Will it go back to 3k again?
It's past 3.5k now.
It's not going to go up to 100k sats overnight. It's going to climb, dip, climb, dip. Two steps forward, one step back, but always moving.

>>1555025
no. your pump will fail. this i know. save yourself and wait for the actual next pump. coming soon

you are like a cargo cultist

>>1555034
Why would it just grow and grow? When should you sell?

>>1555037

Get fucked. Stay in your eutrophia and eventually stay a bag holder because you're too fucking stupid to learn how to diversify and spot opportunity.

Don't be this Cuck.

Put your profits in RIC.

>>1555039
I think it's going to keep growing until weed gets legalized in California in a few weeks.
After that I have no fucking clue where it's going.

>>1555040
no one is going to invest in that coin. it has nothing to go on, there is no angle to shill from, it's a waste of time

Broke 4k resistance.

cant believe i didnt buy this shitcoin when it was 600 a week ago, instead I lost a shit ton of money fucking around with LBC, never again.

>>1555084
We briefly broke 5k earlier and it looks we're going to walk right past it in a few hours.
It's not too late to profit.

>>1555087

Ya I just ate all my loses from other coins to put some BTC into pot, fuck I wouldve lost it all anyways on other shitcoins so idgaf if i lose it on pot.

Just drop by to say thank you guys for making me buy this awsum coins.
Looking forward to your next /biz/ advices.

>>1555088

fuck glad i did, looked like there was still some fuel left in the moon rockets

>>1555089


RIC.

>>1555089
Yeah thanks for the person who made the thread about a week or two ago about pot coin saying it was gonna go to the moon, I bought about 1.5k coins back in September and now its now its just under 2.1k.

can anybody spare a few coins
PW9VNoXjASqT7Ddv7wUbVp7tyAEwoN9Um6

>>1555089
no worries mate.

next coin is HUC, ignore these ric idiots.

>>1555112
no problem bro. just happy to help anons find their moon.

POT starts to go down. hope you haven't missed the momentum to sell!

>>1556354
>POT starts to go down
>6200

>>1556639
>6900

The weed industry is a multi-billion-dollar industry with very limited access to banking.
Potcoins are capped under 500 million and won't reach that number for hundreds of years.
Legalization in California + marketing effective enough to push adoption could see this coin valued at $2+. Right now it's under 5 cents.

>>1556683
Or you could use bitcoin you pump and dump retard

>>1556695
Bitcoin has a 10 minute block time.

i wanted to buy it few days ago but can't into bitcoin and poloniex looks complicated eh ;_;

>>1556741
Its not too late. Use circle or coinbase or hell even something like local bitcoins if you dont mind the markup.

>>1556759

>its not too late

>chart is fucking parabolic

>>1556762
Nigga what the fuck are you talking about?

>>1556770

Surely you can't be this retarded

>>1556784
So because it was low in the past it will always be low?
You don't think maybe, just maybe, there's a reason it's going up 4 weeks before one of the largest states in the US legalizes recreational marijuana?

>>1556793
whats happen then? is it going to stop growing?

>>1556784
dont make me pull up a chart of bitcoin..

>>1556801
I really have no idea. I think if I'm still in, I'll sell right before the vote, just in case.

>>1556793
so what?

why does it matter if pots legal? No one is using pot coin, a pot shop would use bitcoin if anything

>>1556801
eh nevermind, seems like everything is against me, now I cant verify my id on coibase eh

>>1553967
something that serves no purpose up 158.89% great time to buy!

>>1556863

No better time than now. Buy at the top, then just hold on for a few years.

>>1556849
>why does it matter if pots legal?
More money in a business that can't use banks.

>No one is using pot coin
http://www.potcoin.com/spend/

>a pot shop would use bitcoin if anything
10 minute block time makes it impractical for in-person transactions when fraud is a concern (e.g. when dealing with filthy stoners).

Why down to 6470? Anons whyyyyyyyyyyyyyyy
>oh no muh shitcoin mamays

What a ride. Hope you all enjoying it too.
So where's the next stop? at 10K?

>>1556863
Well, up nearly 200% now

I have very bad feeling it is gonna crash sooner rather than later. I want a crash to about 2k sats so that I can join in the ride all the way up to 10k. This is a classic bubble.
RRRREEEEEEE I COULD OF BEEN RICH BY NOW!!!!

Can someone explain these coins to me? I'm sorry, just super interested in this. I've made a killing of the weed stocks recently, and I am open to exploring a more risky/return-y sort of thing.

Where do I buy these coins? I hold a cryptocurrency in... the bank? My computer? What am I actually buying?

Also, how do these things have value? Where do the coins I buy come from? Is it just a dude controlling the scarcity? How is the price of these coins tied to the weed market?

Sorry, I tried Googling but I can't really find anything on Pot Coin

>>1557040
>Where do I buy these coins?
An exchange. Most of us use Poloniex, but there are other options. You'll need to get some bitcoins before you can use an exchange, though. There are faucets that give very few bitcoins for free, or you can just straight buy them from Coinbase.

>I hold a cryptocurrency in
A wallet, which is a special computer program. You can also hold them in exchanges. Potcoin has a wallet you can log into on their site and they're getting ready to release a mobile app.

>What am I actually buying?
Digital currency.

>Also, how do these things have value?
Supply and demand. A lot of the demand is driven by speculation. In this case, traders are speculating that Potcoin will have more widespread use after legalization goes through in California.

>Where do the coins I buy come from?
Depends on the coin. Many are mined, which means users with very powerful and specialized machines bruteforce cryptographical problems to process transactions and are rewarded with new coins. Some, like Potcoin, use a proof-of-stake system that is much more passive and just requires you to hold them in a wallet connected to the Internet in exchange for gradual growth (~5% per year, usually).

>Is it just a dude controlling the scarcity?
Scarcity is controlled by an algorithm that can't be changed unless the majority of users agree to change it.

>How is the price of these coins tied to the weed market?
Potcoin is being marketed to dispensaries as an alternative to banks, which usually don't allow weed companies to open accounts for legal purposes. They are also getting ready to release an app that will feature a host of features, including a social network and a database of marijuana strains. They are planning to expand the feature list to include, among other things, door-to-door weed delivery in states where recreational marijuana is legal.

>>1556996
>I have very bad feeling it is gonna crash sooner rather than later.
Good timing lol it just dropped to 3600

From 6k to 4k.
I am going to buy 1btc now. I am sure it will return to 6k and more.

Lol you guys are so foolish. The roller coaster is at the end of its ride. Lol
Better get off while you can.

>>1557080
But the time to buy is now.

>>1557060

Thank you for this post. This was very helpful.

Stepping into it now, via the exchange on the main pot coin website. It took a bit of a hit

5k now and returning fast.
I bet 0.3btc that pot will reach 7k within 8 hour.

5.2k and skyrocketing!

5.3k
Dude, it's as fast as a SpaceX rocket.

>>1557107
>>1557112
it's just a bulltrap

>>1557121
Yeah I'm getting out just in case.
I'll see where it is tomorrow.
Nobody ever committed suicide over taking profits.

What do you think going to happen? We are talking here so be clear and consise.

>>1557136
The same thing happened to Bitcoin years ago, just wait until potcoin worth 40 cents each.

>>1557140
It won't be tonight.

Bought 2btc worth just to see where it goes. Play money.

I didn't believe the hype when it was at 450 and finally bought in last night at 2300, sold at 5000. Still happy with my profits but god damn I missed a huge rocket.

Damn, I should've waited. Thought it would stabilize at 5k and bought a bunch.

>>1557167
Set a buy limit at 4k, didn't expect it to trigger so quickly.
Not sure if I should cut my losses or hold.

Buy RIC.

Next fucking mega pump. Don't be fucking poor.

>>1557240
Why is RIC going up?

>>1557240
This. Get in now and play the game. 5000 sats minimum. The rockets going to really take off at 4k

>>1557338
Why though? POT is looking pretty unstable right now and I'm not sure I want to keep gambling but why is RIC going to moon.
POT at least had a reason.

>>1557342
And the reason was...? Pot dealers accepting potcoin? Bullshit. They could take BTC just as easily. Inb4 muh 10 minute confirmations

better get on RIC kek is behind this next pump

praise kek and meme magic

>>1557377
>And the reason was...?
California legalizing pot. Since that's still a factor, POT could easily keep running to 10k sat and beyond. I'm just not sure I want to risk it when it's this unstable.

>muh 10 minute confirmations
That is a legitimate problem with BTC, yes.

>>1557393
Rick says you better get on RIC

>>1557418
already went ALL IN

never gonna give. never gonna give

CRASHING THIS WHILE AMERICANS SLEEP
UNDER 3K

HUNTER COIN!!!!

>>1558073
I just pulled out of HUC and now it's trying to moon on me... after 10 fucking seconds after I sold.

>>1558077
Just get on board in RIC. Slow steady and stable beats the race.

Question: How do you draw trend lines on poloniex?

>>1558077
Whelp. That's how the game works buddy.

What platform are you all trading on?

>>1558310
ughh Poloniex... why? Are you trading on an alien platform we don't know about, anon? Spill the bitcoins, bro.

Can someone please stop blindly shill RIC and provide actual reasoning as to why it's going to pump?

>>1558343
Its not fucking going to pump.
Someone just want you to buy their heavy bags.

>>1558724
DGB roadmap rumor anyone?

>F
JUST
>C
>K

The new coin to be pumped is Hempcoin (THC). Get on board

>>1559865
Brutal anon.

I bought some expensive pink and i'm very sad about it.

>>1559865
How much did you lose?

>>1556770
>>1556793
>>1556817
AHAHAHAHAHAHAHAHAHA

POTFAGS BTFO

>>1560082

LAUGHING SO HARD I FORGOT MY IMAGE

Watch the RIC Riecoin charts now >>1560087

>>1560087
This is the most brutal P & D i've ever seen. Tell me none of you lost $$ in this.

POT lost 4/5 of its value.. as retarded as that sounds. I bought more incase it pumps again. I dont really care if it goes down.. i have already made my profits and taking a gamble on the dead POT bounce.

>>1560706
>This is the most brutal P & D i've ever seen. Tell me none of you lost $$ in this.
Lots of people would have :'(

>>1560082
I made a lot of money.
Then I bought the dips and sold the bounces.
Went from about 0.35 BTC to about 1.05 BTC.
If I had been more cautious I'd have 1.15 BTC.

IM GOING TO CRASH THIS COIN DOWN TO 1K I LOST EVERYTHING. AT 2 EASTERN IT IS COMING DOWN!!! GET OUT IF YOU WANT

GOOD BYE POT COINERS! THIS IS GOING UP IN SMOKES!

>>1556874
potcoin -56.42% right now... I hope you're still holding bro. $2 any minute n-

>>1557400
Lightning Network Lightning Network Lightning Network


XMR XMR XMR

nobody needs potcoin dumbass

>>1560867

XMR trending nicely

Should i sell POT or will it rise again?

>>1560881

Sell it. Look at it cynically. There are p&d groups with decent amounts of clout out there. Potcoin has been done for now and everyone moved on to pink etc. They will come back but it might not be for a very long time. So sell now, or hold for a long long time

>>1560881
what was your entry point? you should sell it.. If you can afford to baghold.. it may pump to 2k but sad to say, the goodtimes are over for POT

>>1560921
I actually brought 10k @ 1600sats. Hopefully I can sell them soon enough.

>>1560924
your entry point isnt too bad.. if you can sell them at a small profit, that would be sweet. I bought some at 1500 just to see if it will bounce

but this party is basically over

If you had 10 bitcoins then could you guys have easily made 20 or even 50 bitcoins or there weren't enough people to buy your pot?

>>1560935
you could have easily made 100 bitcoins from your 10 bitcoins if you got in early and sold when it was on fire. basically 1000% gains in 5 days. Bit no, dont buy POT anymore.. its finished

I wonder what next month's coin will be.

September was FLDC
October was Pot
Next is...?

>>1560887
Do you know what groups were behind the latest p&ds?

>>1560953
Btc

>>1560953
Trumpcoin

>>1560977
Sorry shill that coin has no volume sold all of it a long time ago, call me back when it reaches 5k again. Back to >>1535990 you go

>>1560876
yeah man I love the look of the chart zoomed out 1.5-2 months with 1 day candles. it looks for sure to rebound.

but fuck technicals, fundamental is 10/10 with xmr so I'm in at any price always accumulating.

Can someone explain this to me why would anyone want to buy/use this coin when they can use any other such as bitcoin or ethereum or any other main stream coin which is easy to get a hold of and use ?

>>1560946
It's not, afterburner incoming.

>>1562481
have some satoshis left, i'm going full in on pot. kek wils it.

anyone made money with that price manipulation? I got out at 2800 just before the crash. It is only about 20 dollars but it was something.

>>1560862
see >>1560779

>>1560862
We're going up again, let's pump this up to the moon!

>>1563089
Turned my 0.8 to 3. 2 but am I now stuck with HUC which has borough t it down to 2.5
I hate holding

>>1563494
ride the pot train, also be sure to hop on DGB before Friday.

>>1563498
Are you sure I should abandon HUC with a 1~ btc loss?
I'm seriously considering it because pot looks like it's hitting at least 4k again but then again if HUC goes back to 5k I'll recover around the same amunt
Idk

>>1563506
K I did it
Hopefully POT delivers
>inb4 HUC goes to 10k

>>1561280
Because: pot

>>1561280
To not store big amounts of cash at weed farms and dispensaries and because stoners live to brand things with weed

>>1563506
Nobody is sure. It's likely more profitable though.

>>1563489
Are we though

>>1563668
>Reply
Are you either new or blind?

Just bought 500 pots for the keks.

>>1563687
>500 pots

kys

>>1563684
Nope just impatient because I wanna sell and rebuy HUC before it moons
And desu I replied to you before looking at the chart, just looking at a price of 2.5k~ in which I bought