/biz/ - Business & Finance

Primed to buy when it drops to 5k again.

>>4852032
What are you taking about?

>>4852076
i wouldnt be surprised if it crashed below that, currently being pumped to the moon by FOMO normies so when the free money starts disappearing they are gonna panic sell so hard

>>4852110
You are missing the real show:
https://jochen-hoenicke.de/queue/#2d

BTC unconfirmed transactions rising rapidly. This might hit unconfirmed tx ATH in the following day or two if it keeps on going.

>>4852110
did you just crawl out from under a rock

>>4852110
how new are you?

btc is slow and bloated and cant handle scaling

sit back and enjoy the show

>>4852032
>>4852149
AHAHAHA OP CONFIRMED NO COINER

AHAHAHA PLEASE KEEP POSTING OP I AM LOVING IT

say it with me guys:

SUSTAINABLE
GROWTH

Nobody is able to sell because they can't move their coins.
Is this a setup to short BTC futures or what?

>>4852338
HE DID IT AGAIN THANKS BASED OP

MAKE MY DAY!

>>4852312
It's true though, use some logic. GDAX is trading at a $4k premium right now because arbitrage between exchanges is impossible due to the clogged mempool. Once the mempool clears, if it does, the price will crash incredibly hard on GDAX. As I'm typing this the prices on other exchanges are going sub 15k. You should probably try protecting your assets and gains right now, because we are in unchartered territory which does not seem good at all.

>>4852338
It won't free fall mate.

>>4852448
>Deluded

>>4852433
THIS IS WHAT I READ;

BLA BLA BLA I MISSED THE TRAIN BLA BLA BLA

AHAHAHAHAHAHA

>>4852448
this is what buttcoin holders ACTUALLY believe

Who here still believes this is natural organic growth?

>>4852433
>implying those who arbitrage don't use high fees so they don't have to worry about the mempool

More like there is no arbitrage with bitfinex because the whales know how shady and risky it is to deposit money there these days (plus withdrawal issues I believe), and no arbitrage with bithumb because you have to convert fucking KRW into USD by wire transfer

>>4852539
And look what happened. You're just a redneck truckie who bought 10% of a bitcoin at 15k, shut your whore mouth lmao.

>>4852032
Got out at 15k
Remember gents: there won't be anywhere to cash out when the domino's start falling

>>4852603
fees are set by exchanges, are they not?

Post yfw it's over

>>4852574
I only buy organic, gluten-free, locally sourced digital currencies

>>4852615

send me ur btc adres brother il send u some btc and you will notice i stepped in way before that ;)

>>4852032
who else sold at 19k, right before the exchanges went down?

>>4852032
it's DIGITAL GOLD, bro. 200k unconfirmed, who cares, you can't even do transactions in real gold so in a sense bitcoin is better because you can actually do transactions

I don't give a flying fuck about my alts mooning anymore. I just want to see BTC crash and burn. I want to drink in the pink wojacks of everyone who bought this bloated shitcoin above 12k. I want it more than anything .

i love how some people tend to believe a flashcrash will occur to about 5k. :')

>>4852720
This and then when we get the lightning network we get speedy gold

>>4852684
I don't need penny tips you uneducated rat.
seNd me ur BtC aDreS broTheR

>>4852662

>>4852806

AHAHAHAHA U DONT EVEN HAVE AN ADRES

SALTY NOCOINER CONFIRMED

POINT PROVEN

CYA!!!!!!!

>>4852633
On all the exchanges I use the fee is set high enough so as to go first through the mempool as soon as a block is mined, last transfer I made the fee was 0.002, fucking $30, but at least it goes through

But seriously regarding this whole shitshow, it is fucking retarded to buy a digital currency that can't act as a currency! People didn't care about bitcoin when it was useful, now that it has become useless they are all fomo buying, they don't even know what they're buying they just know it's going up so they buy, like fucking sheeps. Yea that's a bubble

>>4852032
new ath incoming

>>4852853

do me instead phaggot

16MHyv59uTNXsrmgxZQsafFEaiByQjpiuD

>>4852853
>Reddit spacing
>'Adres'
>0 Logic

Someone please BTFO this pajeet gnat.

THE CRASH HAS BEGUN

>>4852032
Watching it burn. Cashed out prematurely, but now I do not regret it.

>>4852853
s-s-stupid nocoiners haha
missing all this f-free money haha idiots

>>4852338
It went to 14.9k on my screen for a second before it logged me out. Also right when I saw 18.6k it was like what?

>>4852720
>it's DIGITAL GOLD

muh digital gold oh my god you guys are so retarded

Gold is useful, it's beautiful, if you can't transact bitcoin it becomes fucking useless because that was its only use! Why do you think bitcoin became widespread? Because it was fucking useful! You don't go around and create a useless token and say it's DIGITAL GOLD bro it's going to the moon everyone come buy it! That's not how it fucking works! People are only buying because it's going up that's all they know!

How it works is when it all comes crashing down the sheeps will realize they were living in a mass hysteria

>>4852673
The best kind of digital currencies

>>4852499
>>4852546
Wow it’s almost like the “crash” today is still higher than yesterday’s ATH
Buy this dip or you’ll miss out you brainlets
Or you know, just stay mad. I bought a new car this year. Have you?

>>4852685
Fuck you! I saw it and then Gaydax fucked me then I jumped out and was like oh I can be ok then I saw it go to 14.9k on my screen and I freaked out the screen kept giving me error and whatever but I jumped out just in time !

>>4852032
https://blockchain.info/unconfirmed-transactions
watching the number skyrocket is making me giddy.

BITFINIX DOWN!!!!

DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE

>>4852853
17RDqU8FDAUbM2dpeyDdoMARWjRzK55FEQ

i'll take the nocoiner's btc ez money

>>4853184
GDAX DOWN TOO HOLY SHIT

>>4853065
lol
I was getting up to make lunch and thought how mad I would be if it crashed while i was afk.
So I sold and when I got back coinbase was down.

>>4853134
lets get a quarter million unconfirmed by 1pm EST

this is actually a joke im so infuriated, fucking big bang theory

>>4852684
Here's mine, just want to be sure you tell the truth.

1CiV3MbNcSUrYseteh5g3GjfFE4me7Njnt

>>4852389
This was my thinking too anon, we are witnessing the big short condensed into a week

thisgunbgood.jpg

i hope you all shorted, this is The Great Liquidation

>>4853320
I loved that movie is Margot Robbie going to come out naked ? To explain to us the Crypto crash of 2017 compared to mt.Goax?

>>4852633
>feels are set by exchanges
T_T

>>4852032
Coinbase down cant buy btc fuck my shit up

>>4852032
>>4852076
>>4852110
>>4852149
>>4852185
>>4852201
>>4852240
>>4852312
>>4852338
>>4852389
>>4852405
>>4852433
>>4852448
>>4852499
>>4852539
>>4852546
>>4852574
>>4852546
>>4852574
>>4852603
>>4852615
>>4852629
>>4852633
>>4852662
>>4852673
>>4852684
>>4852685
>>4852685
>>4852720
>>4852764
>>4852778
>>4852795
>>4852806
>>4852806
>>4852809
>>4852853
>>4852853
>>4852873
>>4853203
>>4853225
>>4853230
>>4853246
>>4853250

Read this:
>>4851416

>>4852448
he'll be fine
t. /mu/

>>4853344
The whales still want to pump it hard it's not going down over there, still $19,400 on bithumb with nearly $2 billion volume

>>4852110
People like you are the ones who are currently buying bitcoin right now, they have no idea what it actually is and does.

>>4853412
>what it actually is
Nothing.
>and what it does
Absolutely nothing.

>>4853286
>>4853322
>>4853344
Shorted half my stack to stupid ass usdt since it was on binance and half to actual usd on gaydax how fucked I'm i??

>>4853375
Ok, smartass. How do you set the withdrawal fee on Bitfinex, GDAX, Kraken, etc.? Do you understand what arbitrage means? You need to withdraw from exchanges.

>>4853475
this is what it seems, but why is it so liked then? is it used by whales to do their trades tax free? i dont get it

>>4853494
you want your shite in real usd as soon as possible. not usdT. and away from any bitcoin related exchange

4chan should consider a co-ordinated fud attack on bitcoin, this is becoming too much

Still at 18k faggots, relax. We going to 20k today

>>4853387
thats a nice fairytale anon

>>4853557
Ok so what do ? Go to LTC transfer to gaydax and go usd hopefully i dont lose too much on the way there??

FUCKING POP NOW
AHJKHJBLDSHJBKLAHKBL

>>4853583
>20 dollars to send a transaction
>clogged
>doesn't scale
>this spreads everywhere
>bitcoins price goes to 200k

what do unconfirmed transactions mean in the broad sense?

>>4853591
Where??? Cant buy on coinbase thats not bornal mate

>>4853510
Apparently the 0.002 fee wasn't enough, transaction still stuck in mempool with $30 fee lol, this is a shitshow, how people can see this and still support 1MB block size + segwit is beyond me, they have to be stupid or paid shills

>>4852185
>This might hit unconfirmed tx ATH in the following day or two if it keeps on going.

It's rising like 10k per hour, it will reach ATH in an hour, ATH was around 210k

>>4853387
stop spamming your brainlet analysis

>>4853694
Its because miner's more or less control bitcoin now.
People who actually want to use it as a currency take a back seat.

>>4853670
It means a transaction that wasn't included in a block that was mined, miners include the transactions with highest fees first, the unconfirmed transactions wait inside what's called the mempool

>>4853591
Holly shit the son of a bitch is right it was just a shake up

>>4853390
DONT DO THAT TO THE KING

>>4853771

what does it mean that the volume of those is rising?

does anyone how the "dark net" deals with this shit? i mean, bitcoin has officially become completely unusable as a currency. do they just switch to monero or something?

>>4852032
it'll be fine

>>4853670
it means bitcoin has no potential for real world applications. the more popular bitcoin gets, the longer transactions will take to process and the higher the fees will be.

this is the future of bitcoin:

>go buy a coffee with bitcoin
>barista says you must wait until the transaction is confirmed before you can have your coffee
>2 hours later
>finally get confirmation
>$50 fee for a $2.50 coffee
>drink your cold, $50 coffee walking home since you sold your car for more bitcoin

>>4852032
https://blockchain.info/en/unconfirmed-transactions

holy shit so many unconfirmed. this was 50k yesterday.

>>4853387
I already did retard. I'm not a bitcoin fag, I'm an altcoin fag.

>>4853757
Or they could use you know bitcoin cash, a digital currency that actually acts as a currency, or any other digital currency that actually does what it's supposed to do

>>4853936
Yeah but can I buy it and sell it for a higher price and never move it from coinbase? Didn't think so cashie.

>>4853884
>https://blockchain.info/en/unconfirmed-transactions
ALL MY LINK GONE

I'm so glad I sold 90% of my coins a few hours ago.

>>4853834
Seconding this question
Can a drugfag explain please

Join this discord to watch pump group drama unfold
https://discord.gg/r3XuagG

>>4853828
It means if you want to send some bitcoins somewhere you either have to put a very high fee (I set a $30 fee earlier and it still took a while before it got picked up from the mempool) or your transaction gets stuck for hours, possibly days or weeks or forever if that volume keeps rising

The reason it's rising is that Bitcoin in its current state is limited to a few transactions per second so if too many people want to transact at the same time the volume of unconfirmed transactions rise. Many people who were early supporters of Bitcoin wanted to change this limitation but Bitcoin developers didn't want to, so they went and created Bitcoin Cash which can handle many more transactions per second, and I'm guessing they are partly responsible for the volume increasing now (they spam the mempool with a bunch of transactions so as to make people realize how Bitcoin in its current state is flawed)

It's going.

>>4854115
>>4853834

The amount of bitcoin just follows the same principal of inflation. So it costs more bitcoin to purchase something now. They can still use bitcoin, What is there not to understand?

could someone pls explain why the Bittrex index is consistently lower than every other

>>4854332
>make purchase order
>btc sits in escrow
>btc rises out of nowhere
>order now makes no sense

>>4853358
Great fucking flick.
Bale being autistic was hilarious.

>>4853134
kek now even that site is down

>>4854391
this

i wonder why all the exchanges suddenly recorded no transactions for 30 mins

hmmmmmmmmmmmmmmmmmmmmm

really makes your melon melt

>>4854578

>>4854578
Bubble can't pop if no one can sell xd

>>4854115
monero or zcash

>>4852032
>who else
ME ME ME

I want normies to suffer

>>4854389
its impossible for markets to sync up, its impossible to do arbitrage because of the 200k mempool

how does the bitcoin price on coinbase fluctuate, even though purchases are disabled?

>>4854720

it's only disabled for you, not ((((them))))

>>4854720
Christ the amount of newfags on this board. GDAX is their exchange side. Coinbase is their normie friendly side with shitload of fees stacked on top.

It was all a huge scam by the slitty eyed chinks.

Fuck em i cant log in anywhere to cash out bitcoin.

Uhh, guys?

The unconfirmed transaction chart is not even loading anymore lol.

Is this because a lot of people are trying to watch it or is it because (((they))) are trying to pull the curtain and hide the astronomical number

>>4854872
app is kill as well

F

>>4854115
they seem to be switching to monero although the golden days of the dark web drug store may be over

>>4854332
>>4854391
actually i should have described it as
>list gram for 0.000604 which equals $10 usd, average price
>suddenly $10 usd is 0.000657
>by the time btc reaches seller, seller has lost money on transaction
>seller has to constantly re-list product to update pricing
there is no way people can use it anymore. they need a stable crypto that can be converted to fiat. with all alts rising and falling following btc, they're fucked.

>>4852764
Bitter virgin loser nocoiner

>>4852032
But what does it really mean?

>>4853834

most markets are switching to monero, some are already monero-only

>>4854332
>200k unconfirmed transactions and rising
>want to purchase some cocaine
>"that'll be 0.005 BTC"
>buy bitcoin on coinbase
>transfer to drug guy
>70 hours later the transaction finally goes through
>bitcoin price crashed to $8k in the meantime
>either drug guy refuses to send the goods, or he's basically giving away cocaine at a 50% discount

sounds great

>>4855083

if you do cocaine you might as well just do meth retard

stop wasting your money on a shit outdated drug

>when you realize BTC price DOUBLED since the last time muh unconfirmed transactions flippening dragonslaying autism hit the boards

>>4855112
coke and meth are /biz/ drugs
stay off stims, nocoiner. leave them for the real players

>>4855162

anyone with money knows coke isn't worth the price when meth exists for the same exact effects that are stronger and last longer

stay out of my lane poorfag

>>4855162
coke and meth are drugs for retards.

197k unconfirmed tx, its going up and up

SHieeet guys should I put an order to sell half my BTC at $19k in case it shoots up there again temporarily?

>>4855405
sell at 17k

>>4852032
you'd think that at a certain point it would be in certain parties interest to shut down certain chinese power grids, to completely stall mining operations for a while.

>>4852185
Huge amount of 1-satoshi spam since the last week in november is inflating this substantially.

LIGHTNING FIX IT

>>4855470
But I'm gonna be at work all day so I won't be able to rebuy the dip for another 8 hours. It could sell at $17k then be $18k by end of day.

>>4855568
it's going to 13k by tonight famalam

>>4855543
What are you talking about there are barely 12k transactions with less than 2 sats

>>4855543
Majority of the transactions are paying 70+ and 100+ satoshis per byte: https://jochen-hoenicke.de/queue/#2d

inb4 fee paying transactions are an attack on Bitcoin