/biz/ - Business & Finance

>plz buy my stock is turning worthless

Gosh, I remember when /g/ was full of simpletons who bought bitcoins for $900+ and tried to convince the non-believers that it would be worth $100k - $1M in several years.

How's that working out for you, OP?

>>594665
isn't the coin worth like a third of what it used to be?
i like the idea of a government-less and anonymous currency, but you have to be delusional to not realize that BC and all of its spinoffs are just a few technicalities away from a Ponzi Scheme.

>>594665
Why would the price of Bitcoin go up...
When "Difficulty" (determined by the amount of computing power being used for processing transactions), is going down for the first time in years?
If Bitcoin is so great then why are people starting to give up on mining them?

>>594787
because its not profitable for certain people to mine. Mining is evolving to the point where you might as well cloud mine and let the pro's handle all the logistics.

Price drop is squeezing a lot of miners out which is why the diff dropped. Bitcoin is great its just that certain miners can't hang anymore.

>>594671
I remember when I was trying to convince people to buy at $8

2015 price predictions thread?

For me, I'd say we're going to end up between $30-100 with about 50% certainty.

I'm 35% on $100-200, and 15% above $200.
You heard it here first, folks. December 2015. Pls screencap because I would love to bask in some glory for once.

>>594801
>Price drop is squeezing a lot of miners out which is why the diff dropped. Bitcoin is great its just that certain miners can't hang anymore.

Uhhh, partly correct.

Most people are giving up on mining because Bitcoin's dying though.

>>595017

This.

>>595017
That's some weak sauce prediction, you would be right even if the price went to 5k

>>595040
>5k
Lel

it will go back up in value because the reason it fell in value was incorrect. Very similar to the way rothschilds made fortunes by saying nepolean won, devalue a currency then let it go back to value.

>>594801
less miners is actually a reason why value will go up

You don't make fortunes by going with the crowd. You make fortunes by going against the crowd and being right.

>>594665
Thats what I heard at 600.
Then at 400
Then at 350
Then at 320.
Hmm....

>>594665
>the normal fags that lurk /biz/ with little to no intelligence on finances literally have no idea what is about to be unleashed for bitcoin and the cyrpto currency market

Figure the rest out yourself, plebs.

>>595156
I only support panda coin

Bit coin is dying because the US government owns something like 20% of the coins now.

>>595172
source?

I bought a few hundred at $8, then some more at $80 when I saw /g/ sucking it's dick. Sold at $350. Don't regret missing the pump. Not delusional enough to buy the dump.

>>595164
>not being able to support and manage a variety of crypto currencies at once

This is a baby sit board

>>595070

That's not how it works. They still mine the same amount of buttcoin, they are just more likely to win the buttcoin block lottery.

>>594671
>bought bitcoins for $900+ and tried to convince the non-believers that it would be worth $100k - $1M in several years.

>>594671
>bought bitcoins for $900+ and tried to convince the non-believers that it would be worth $100k - $1M in several years.

I highly doubt it will EVER cross into the $100k+ area. However, it is extremely likely that 1 BTC will be trading for over $5k in 2-3 years. $10k-$25k is very realistic if looking at a decade from now as well. However, that's also with the assumption that some other crypto coin doesn't become more popular.

Alt coins are the way to go now for that reason. Pic related is the one I'm heavily invested into now - cryptocurrency for the purpose of buying and selling nootropics/modafinil online. Not quite dark-market, and very lucrative IMO.

It's on Bittrex and averages over 30 bitcoin's-worth every day. If you have a little bitcoin that isn't stowed away, IMHO buying into Noocoin today could easily net you back 300%+ bitcoin by the middle of January, as the shipment service is still newly launched and word has not yet spread.

Has anybody made a Bizcoin yet? There must be thousands of cryptocurrencies, each as worthless as the last. The price will only go up if demand does. Who wants to buy a virtual coin with no intrinsic value which is mostly used to buy drugs?

I've made thousands shorting bitcoin during dumps. Use it to make quick money, never as a retirement fund.

>>595765
>Use it to make quick money, never as a retirement fund.

Using it as a retirement fund is indeed idiotic.

However, using it as "quick money" by trading swings is arguably just as idiotic. It's far too volatile right now to be considered a viable means of daytrade income.

Use it as a mid-term investment. I.e. buy a handfull now while it is at nearly a yearly lowpoint and hold for a couple of years for a very decent return while keeping an eye out for any potential killer competitors.

>>595774
I was a bit vague when I said "quick money". I only play it when it's clearly in a "pump and dump" period, such as the past two BTC bubbles.

I've made a great return so I'm content.

>>595817
And even then, I must add, only during the dump. I find the panic more predictable than the greed. Once the panic kicks in it's beautiful. There were even suicide hotline numbers put on the sticky on Reddit pages bc plebs put everything into BTC.

Eggs. Basket.

>>595823
>There were even suicide hotline numbers put on the sticky on Reddit pages bc plebs put everything into BTC.

I can't help but kek. I've lost thousands of dollars myself thru online gambling with btc - but suicide from goof ups? lel

>>594665
>this guy

http://www.bloombergview.com/articles/2014-12-23/and-2014s-worst-currency-wasbitcoin

"Bitcoin is second only to gold on the list of topics guaranteed to arouse the wrath of the Internet trolls. Yet relentless promotion can't hide these facts: The digital currency peaked at a value of $1,130 just over a year ago. Its plunge of more than 56 percent in 2014 makes it the world's worst performing currency this year, according to Bloomberg, which tracks 175 foreign-exchange values:

"... Most of Bitcoin's supporters, meanwhile, seem to be hackers whose resources depend upon the Ponzi-scheme nature of the enterprise itself."
****************

This board is such shit for actual business and investment that I haven't been here in nearly a year. But I knew there would be some shill pushing btc, and I had to come back to link this.

I'm pretty sure the board now acts as a online street corner for a few con men to haunt everyday peddling this garbage.

There is never any end of long winded, open ended, circuitous full throttle sales pitches that basically seem oriented at dispelling the daily emergence of common sense epiphanies that it's shit, with all the subtlety of a used car salesman that just got his 24 notice from his bookie.

>>595958

That article you quoted is just flat out moronic, though.

I've read shitloads of articles of people explaining why they believe bitcoin is bad, and a good amount of them are due to the author not really understanding what it is or how it works. I.e. "seem to be hackers whose resources...." - that doesn't even make sense. Like, at all.

I remember some Washington Post article about how Bitcoin is doomed because once the value gets over a certain amount, the US government will "take over full control of the network and/or the internet hosting center of bitcoin" or something like that - when that's not even physically possible due it the blockchain not even working that way.

I've read a lot of articles that sounded far less informed than the one you quoted, for sure, but that last quip there does totally reveal how much the author actually knows about the technology as a whole... and it isn't a whole lot.

>>595012

You can't buy btc. You can only give away money for the chance to watch an imaginary digital toy rise or fall in imaginary value. The word "buy" implies a transaction or exchange. There is no exchange, it's just a donation to a broken concept.

Unless you were able and did indeed cash out and hold actual money or something of value, no one makes actual money from this. Its not a currency exchange, its a perversion of it based on all the worse aspects of any currency.

It was a great but incomplete idea. I wish any VC the best, but at present, it simply doesn't have a workable future.

I can sell raffle tickets printed on from my computer and peddle the hope that the buyer will get rich. I would have cash in my pockets but that doesnt mean the buyer is holding anything but hope and a worthless piece of paper.

>>595966
>There is no exchange

That's incorrect, though. This is exactly why people who say bitcoin is a ponzi-scheme either don't understand what a bitcoin in your wallet is, or at the very least don't understand what a ponzi scheme is.

>>595962

I admit, it lacks inclusive circumspection. I also admit that it is too easy to bash VC with blind negative assumptions and small minded pessimism.

I would love to see a working VC free from the problems that plague the current models. And to be fair, btc could be that. But if nothing else, it is going to continue to get a self fulfilling bad rap by people who peddle it as the next great investment.

I would also concede that if it enjoyed ubiquitous access to actual cash exchange, it would do a lot better. My biggest perturbation with the concept is how in the future, it will escape the FTC/IRS at exit points.

I wouldn't want to 'get rich' from it. But I would like a reasonable bottom, because unless it finds one, I could be burning cash every time I 'buy' it.

For example, I wouldn't want to tie up holdings in a vehicle that can increase 300% either if it is unstable. Because that means that at that rate, I can lose a lot of value also when it drops again. Either it is a currency or it isn't.

It's not a comfort to buy at 1$ and "make" 10$ if I then have to buy at 10$ and watch it drop to a dollar again. I don't know what that is, but it's nothing I would call a useful currency. Bloomberg is right about one thing; I would feel better with rubles. Even Icelandic krona or Argentine dollars at this point.

But then to be fair, I am one of 'those people' waiting for the Eurozone to collapse also, so I admit I am sort of an oddball in that respect, to disclose whence my views emanate.

g2g tc

>>595172

Thought they auctioned those hard drives?

>>595962
>when that's not even physically possible due it the blockchain not even working that way.

Actually, anyone with enough cash could buy 51% of the coins, and create a split in the blockchain.

>>595979

Theoretically possible, yes, but buying that many up would drive the price so high it'd become exponentially more ridiculous to even attempt it with every BTC purchase after a certain point. Plus, 51%+ even being for sale at the same time is a pipe dream.

>>595978
>Thought they auctioned those hard drives?

They did. And while the US Gov't does indeed own a pretty decent amount of Bitcoin, it's nowhere near 20%. That anon just pulled that number out of his ass.

>>595740
>Pic related is the one I'm heavily invested into now - cryptocurrency for the purpose of buying and selling nootropics/modafinil online. Not quite dark-market, and very lucrative IMO.

top lel. You can't serious about this generic IPO garbage

>This is your last chance

Before it drops under 300?

>>596199
It appears to be up about 400% since the IPO/ICO as of now... so I dunnohow ya can legit call it garbage, anon

>>595740
Those so-called "smart drugs" don't seem to be making you any smarter. I hope you realize that the same drugs can be purchased with bitcoin.

>>596945
You might want to read a little about why it makes way more sense to pay with NOO before you make statements like that.

>>595765
how do you short btc?

>>595979
51% attack means having >50% of the processing power (machines and electricity) to check the transactions and create the blocks.

Simple owning bitcoins doesn't provide ANY power in the network (just manipulating the market but that's another story)

>>595823
What would you have me do? Have a basket for EACH egg?

>>597001
or you could just explain why, if the reasons are so good.

You might as well invest in the rubble, atleast its backed by a government.

>>597075
Plus500 lets me. Other trading platforms may too.

>>597207
You give each of your slaves a spoon and get them to carry an egg each. That's how a true capitalist does it.

>>595966
>billy pays back billy.
Ponzi schemes are confusing.

>>597075
10/20x btc/ltc margin trading @ https://www.okcoin.com/?invid=2019136

i just shorted at 312

For all you btc noobs - dont buy yet. Make accounts and get money on exchanges, then buy hard at $250 in the next week or two.

this shit has been dropping for the last year, it's just going to die

stop shilling your magic internet money

A million killer apps built from blockchain tech.

https://www.youtube.com/watch?v=4nOfHpOFhN8

http://stpetersburgbowl.com/

http://en.wikipedia.org/wiki/BitPay#Funding
>In May 2014, BitPay received $30 million in funding from investors including Index Ventures, RRE Ventures, Virgin Group's Richard Branson and Yahoo founder Jerry Yang.
So this shitshow is the sort of thing Bitpay is blowing all that investors money on.

http://issuu.com/ybitcoin/docs/volume_2__issue_1
Just... look at this. How could ANYONE take even the smallest glance at Bitcoin, and not see it for the scam it is?

By the way, the Bitpay executives were there for the coin toss to determine first possession. One of them brought his dog.

FUCKING
LOOK
AT
THIS
BULLSHIT

>>597934
>dat graph

what a punchable graph

>>597934
haha the labeling on the Y axis

>>597945
>>597951
Logarithm because the trend is exponential.

For all those who want to beat bitcoin's price fluctuations.

www.btcjam.com

>>597934
??? care to explain?

>>598139
The graph has been scaled more or less logarithmically to obfuscate how it skyrocketed up and down

>>595966
Nigga, do you even subjective theory of value? Why does gold have value, why does anything have value?

People say Bitcoin was going back up at (USD) $600 and since then it dropped about 47%
I think crypto's are getting a little risky.

>>598514
People are treating bitcoin as an investment instead of currency, yet try to hype it up as a currency. The results can be seen now.

I don't buy the "growth". Sure, microsoft and some other big corporations accept bitcoin payments but they trade them to back to dollars instantly.

one of the crypto 2.0 will go past bitcoin this year.

>>594665

No one wants your declining currency.

It's over. You lost.

Now go count your sour grapes.

>>594665
I would phrase it differently. This is bitcoin's last chance to get people interested and use it properly as a currency. And I don't think it'll happen.

>>596930
You know what investing means holding long term and NOT speculating, right? This crapcoin will be gone with in the next 3 months, only to be replaced by a new wave of shit

>>599102
>trustless currency
>instant cheap transactions
>pseudo-anonymous
>internationally transferable
>99% impossible to counterfeit
>crapcoin
>will be gone in the next 3 months

Keep dreaming kiddo.

could anyone spare .04btc or even .01 would be appreciated. i would be very thankful!!
my btc wallet; 1QHgA6zNhbS66nixv(ignore parentheses)J8Ys3efAt7WMoUHv7

>cryptoscam threads

Come on guys, you are smarter than this.

>>599252
btcjam.com get a loan

>>599228
But that's not a LOG graph!
Everyone knows that you can only see the true value of Bittcoin when it's presented with a log scale.
No I won't explain why. Just trust me on this.

>>599252

I could spare some btc but you will have to do better than that.

>>599155
Am I being trolled or are you really this retarded?

Every single bitcoin clone is like that. There's nothing special about it, countless identical coins have died already

>>599252
I'll give you a million memecoins. I can't give them away fast enough.

>>594665
I dont understand bitcoin too well and I need the money that I have for a car

>>599700
And yet now NOO is up yet another 100% in price lel

Stay mad

>>594671

Someone on /g/ told me to ''buy one bitcoin it might pay your kid through college one day''. He used an image of a jaguar or a cheetah or something. Bitcoin was at €80 at the time. I bought.

>>597916

Oh my god

>>599778
Buy memecoin

Hey, wait a minute...
Everyone here keeps going on about how awesome Bitcoin is. And how Bitcoin can be used to make purchases and stuff without having a bank account or being controlled by fiat currency.
Yet the ONLY thing Bitcoin supports seem to talk about is how much US$ they can profit from selling Bitcoins to people.
Nobody here actually USES the fucking things.

>>599815
>Nobody here actually USES the fucking things.
Except that's fucking wrong though

>>599824
On another thread like a month ago a few anons were working out the math and figured out that only like 1-2% of bitcoin daily transactions is actually the result of bitcoin being spent at merchants. That doesn't seem like real use to me.

Bitcoin analytic here:

I can say that the latest down movement below $280 broke a serious support level that held for months.

This means that more downward movement is now highly possible especially since we are currently moving closer and closer together for a massive breakout.

I would believe the breakout to be bearish, but the real mover is still going to be mass media for now. And the fact that most traders are most likely seeing a good entry point for a long position.

tl;dr might go lower some more, but the year 2015 should bring the price back UP TO $700 realistically. Everything above that should be considered magic.

>>599842
>bitcoin analytic
Kek. I got a really good chuckle out of this post. Thanks bro.

>>594665
it's almost as if Bitcoin is a pump and dump...

>>599842
>Bitcoin anaytic
toppa kekren kekgen kekgann

>>599862
lost my shit

>>599859
Considering the fact that:
a) bitcoin has no real value
b) it isn't even guaranteed by any big government
c) nobody considers it a real currency, just an opportunity to make profit via speculation

yep, it's pump and dump

>>599657
well im not gonna lie. i am .04 short of some LSD i want to buy and i have wanted to do real LSD for years and just know found out i could

>>599867
a) what is blockchain and network effect
b) because government guarantees are ironclad right? 2008-09 bailouts anyone?
c) if I can buy drugs and alcohol along with literally anything else it's money none the less.

A pump and dump which has lasted 5 years and grown out of nothing into a global finance system.

>>598514
>more risky at half the price
It's still probably very overvalued but it is 100% less overvalued than before

>>594665
I sold all me Bitcoins and bought Ripples/XRP

>>600024
too late fucked up. doubled my btc a few weeks go doing tht tho

>>599888

So what are you going to do for it?

I'm trying to start my own faucet. Right now I'm still learning all of the things necessary, but I have a domain purchased with a little bit of coming soon text. I'll try to keep at it and deliver something worthwhile soon. For those of you curious for when it's actually going, it's feedmebitcoin.com

Short to win.

GONNA LAY DOWN SOME TRUTHS, GUYS:

It will not go to zero; at some point there exists a bottom, due to the following:

> Bitcoin *is* being used for trade, especially among hacker types and geeks and online pharmacies and many other "grey areas"...
> Many bitcoin related apps (some killer?) are being built. Open Bazaar and others (do you realise how big an Ebay with close to zero fees could be?), gambling, tipping, revenue sharing.

The two points above prevent the price dropping to zero. After reaching a certain price, the only way is up. I say this with full confidence; the apps and services listed above (among with many others) are going to grow massively.

The only question is, where is this bottom?

Are we at it now?

Or is it much further down, $100? $10? $1?

Yes, the price can continue down. It can go down a LOT. But at some point, there is a bottom (well, plus some buffer of speculation, above which we bounce around). And when that is reached, the trend will reverse, and the price will begin slowly increasing again.

In the long term, the price *will* trend upwards again. How low will it go before that, decide for yourself.

>>600486
>IT CAN ONLY GO UP

>>600486
It'll go to 140$ before it goes up again.

>>594665
no

>>599945
isn't the blockchain open source, thus making the actual technology worthless?

>>600526
>Network effect since bitcoin's blockchain has first mover advantage. This makes it more valuable than a knock off started yesterday.

>>600466
Help us with Bizcoin it's better to learn with because the stakes are lower if you make a mistake and I'd be happy to donate funds to get you started.

>>597294
Giving a spoon to each of my slaves is too big of an upgrade for me to afford. I'll just buy more slaves instead

aaaaand bitcoin has crashed down to under $300

>>600583
TO THE MOON, EVERYONE!
http://i.imgur.com/mfNiS11.png

>>600486
Better sell my Bitcoins and buy Guldencoin

>>600605
>Guldencoin

May as well call it kike-coin

>>594665
How's it going with the last chance?

>>594665
>using the crypto jew

are some sort of domestic terrorist trying to overthrow the government ?

Is this a newfag beg thread?

1F4NGwtJ9FPjJaGVJUJAiCVd89p1G4LQJD

Ripple, Stellar, and SJCX will skyrocket in 2015. Get on the bus now

https://www.youtube.com/watch?v=V-jZNKz2upw

https://www.youtube.com/watch?v=1lWJXDG2i0A

too soon to buy

>>601379

thank you willy.

>>595740
why would anyone overcomplicate things by introducing a new intermediary between them and a product?

visas accepted everywhere douchenozzle

>>595962
how is that not physically possible? if the value of the coin was such that it made sense to do so, a bank (you know those entities with millions of dollars), perhaps a centralized one? could just buy warehouses full of top notch rigs and do a 51% attack.

boom

>>595740
>>601402
Fucking seriously
http://www.bulknutrients.com.au/buy/5-htp/5HTP
http://www.bulknutrients.com.au/buy/noopept/NOPEP
http://www.bulknutrients.com.au/buy/gamma-aminobutyric-acid-gaba/GABA
This shit is everywhere, there's literally no reason to use "Noocoin" unless your illegally buying prescription med's off the internet without having a prescription.

>>596738
I was right. HAHAHAHA

Bitcoin will drop as low as Oil

The banking system is rigged and that system is used as a weapon to beat down the poor.
Bitcoin gives me hope for a better future and satisfies a political need to act. I'll wave the Bitcoin flag till the day I die.

>>601524
>technology created specifically by the NSA to be a trial run for a cashless society
>purposely designed with security flaws in the RNG algorithm to give the NSA a backdoor to the entire protocol
>gives you hope for the future
Kek

>>600660

You calling the Dutch. A Germanic peoples. Jewish?

There is a reason there is literally no Jew int he country after 45. lel

>>601415

Will 5htp stop me from getting a short depression after doing acid?

What about ltc? I plan to buy 1500 ltcs if price will drop below 1$.

Whenever btc price goes down, ltc goes down too. Same for rising.

>>601524
>investing on political ideology
poor for life

jesus christ,look at coinmarketcap, its a bloodbath.

So today, Bitcoin dropped down to $255...

>>601664
But it was the last chance to buy a week ago! Srsly gais! Fucking idiots. When have bitcoiners ever been right?

>>600441
someone else here. what would you like me to do for some btc?

So will it finally drop to stables prices, so we can use bitcoins for what they were intended? Money laundering and buying drugs?

>>601578
>Will 5htp stop me from getting a short depression after doing acid?
you don't get depression after doing acid
i've done it 3 times, felt good

>>601578
You dont have to worry about lsd with that. Its molly that you have to look out for cause that crash is fucking killer

So if i did buy into this with one solid bitcoin, what would be the chances of me making a profit and continuing to do so?

>>602115
pretty close to zero

unless you believe in make belief

>>602129
Sounds about right, plus I would imagine that the only way to make any sort of significant profit would be to invest upwards of a grand, unless I'm mistaken.

Even with the fact that I actually have a use for the things, I dont really see them shooting up any significant amount like before now that there are viable alternatives like lite coin out on the market.

>>602147

Remind me what can you buy for ltc, dodgecoin, feathercoin etc.

>protip: nothing

Btc is popular, useable and most reliable of all crypto currencies. He won't drop to 0 now, that's simply not possible. It can hit 100$, 10$, 1$ but not 0. Sooner or later, its worth will again ridiculously skyrocket thanks to crime exchanges like Mt.Gox and together with it ltc will rise again (50$ for 1ltc is pretty probable, since it was worth much during last BTC bubble).

Invest into ltc when it will be below 1$ and in a year you will be rich. Not a millionaire, but investing 1k$ will gain you 80k$ - that cash is not walking down the streets nowadays.

Guess which exchange just pulled a MtGox?

>>602400
2015 year of Bitcoin

>>602400
So is that good or bad

>>594665
Eh why not dumping 500 into it fuck it

>>602431
This is good for Bitcoin.

>>602434
Dump more in goy. Gambling is fun!

>>595966
It's not really a broken concept. Crypto-currencies can work if they are issued/backed by a government entity.

As-is though stuff like Bitcoin is basically secure monopoly-money.

Guys don't worry! Only a little bit of Bitcoin got "stolen". Things will be back to normal soon.

>>602607
stamp was kil

TUMBLING DOWN

TUMBLING DOWN

TUMBLING DOWN

Ruh-roh. VOS is closing.

5 days in to 2015 and so far we have...
Price crashing below $300
Paycoin / GAW scam drama
Bistamp being hacked
Vault of satoshi closing

To the moon!

>>602556
it could work with government legitimacy, but by definition it would be black market and it would need an entire economy around it (companies that accept only btc for revenue, pay all expenses in btc, owners who accept btc dividends as their only compensation, etc.)

that is extremely unlikely

can you guys give me $10?
i need to buy some ramen
ill pay you back i promise
paypal: dolcheskit@gmail.com

I'm Johnny Knoxville, and this is investing in bitcoin

>>599842
Kek. Do you have a PHD in that too? :^)

>>603009
lel

>>603000
Yes what you want?
What is your Facebook add you ass à friend.
I have bitcoin, Paypal, banktransfer and Ripple.
I am rich I help you.

>made 30,000 € with gold and natural gas
>invested in bitcoin
>lost 29,000 €
>fml

Has anyone used Trucoin?

>>603134
Is this for real? How?

>>603180

cfd's probably

>>595740
>alt coins are the way to go
kill yourself, btc is retarded enough

>>601524
>Believing bitcoin was anymore than an elaborate pump and dump scam.
You really think anyone gives a fuck about the greater good? Stay delusional. It's all about making $$$. It's the name of the game, learn to play or get burned.

>>595962
this comment sounds like it was written by a retard
>i remember some shit article that was shit...
cool story

>>599803
holli shit

>>599803
why not riptide?

>>601524
>All of that shit
Ha ha oh wow.
>>603331
That's wrong though, bitcoin was a way to purchase drugs online anonymously, and it worked when nobody gave a shit about TOR. Then some douchebag came along, among a shit lot of scammers, some known, some new, and said to themselves, I too can be the next Maddof. Fuck, MtGox head alone was an international felon with several charges of fraud on him.

There was an attempt to make Buttcoin a legitimate currency, an effort in which hundreds of hipsters helped, and hilariously reddit as well, and it gets better because Dogecoin might actually be safer, and better than bitcoin in the long run, but no one here will openly admit at looking at the darned thing seriously because well... fuck reddit.

As far crypto bullshit goes, riptide might be a safe bet, but a really safe bet, with any luck it might become the next paypal, unless the creator and managers die from boredom first.

I SMELL PUMPING BUT I DONT SEE DUMPING!

Things are a happening at Bitpay!

>>599842
You're a retard.

>good news for bitcoin last several months
>loses one-third of it's value
>bitstamp gets $5 million in Bitcoin stolen
>price is holding

I sold my coins yesterday thank god. I'm never putting a cent into this pile of shit ever again. I can't believe I lost over 30 percent of my money in 2 fucking months. I bought at a floor too.

fuckcoin

http://bitcoinity.org/markets/bitstamp/USD

Commence the pant's shitting

>didn't sell when they were at 1K in 2013

welp

>>603643

> speculated on a highly volatile currency
> lost money
> it must be shit

retard confirmed

>>604162
Its shit for a lot more reasons than that lol

So is bitcoin going to go down or up, everyone says differently.

>>603643
>bitstamp gets $5 million in Bitcoin stolen

I wonder if those deposits are in insured.

FUCKING-
...LELELELELEL
.....ELELELELELEL!!!!!!

>>594665
>This is your last chance.
>
>Get into Dogecoin now.

TIME TO BUY IN

>this is your last chance
Before it goes to zero?

>>603398
>>603398
Why would Dogecoin be safer?
-isn't the deep web still utilizing BTC?
I thought ripple was all big brothered up

>>604345
Kek

>>604345
guess I was wrong :(:(

To the moon!

>Shit starts going down with Bitcoin.
>Bitstamp goes offline.
>suddenly, all the bitcoin shills on /biz/ fall silent
lel

>>594787
i'm not even going to bother explaining. not a bitcion shill, but youre an idiot who needs to do some reading.

so are altcoins fucked? no market for even one anon coin? no altgeneral threads here for ages.
> muh XMR stocks
price is up like 50% since christmas. so tempted to buy more now. surely with SR etc there needs to be crypto anonymity?
>>602090
> dat id, it's a sign. buybuybuy

>>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

>>605512
waiting eagerly to put a nice short :P

>>594671

Just noticed the Goatee on luCypher that is quite funny indeed...

Ok so what are people's opinions on buying bitcoing mining companies? There is a sub-penny stock that is mining with 1 Pentahash and I think it is a solid idea. I don't want to mine, I want it to be scaled and economies of scale etc.

They also are planning on diversifying across many coins. they are called microelectronics, and they do the whole btcpoolparty.com

what are your opinions on this?

>>605539
Mining is dead, that's why it's sub penny-stock, beause only a fool would buy into it.

>>605566

Microsoft now accepts BTC, so does Time, owner of Fortune.

Your boy Musk has expressed interest in BTC paypal integration.

It really seems like it is in it's infancy.

>pic related, the company today

>>605581
They accept it through payment processors that convert it to local currency like USD.
>it really seems like it is in its infancy
Nope. It's been around 6 years and been in mainstream media for quite a while now. What you see is what you're going to get.

>>605581
>Your boy musk
My jimmies are legitimately rustled by this statement. Musk is no 'boy' of mine. The only cult more annoying than bitcoin is the cult of Tesla/Elon Musk. As that stock continues to tank into nothingness They'll say the same thing about Tesla that bitcoin retards have been saying about bitcoin and how "revolutionary" it is. Give me a break. Go ponzi some greater fool.

>>597670
this guy is into something...

>>597670
Why not at $50? Or $5 for that matter. Where are those magic buy-in price levels coming from?

>>605653
... into some bullshit.

Its climbing again

Would it be correct to assume that once bitstamp goes back up, prices will drop to an extent again?

>>605200
anoncoins has been saying theyd implement zerocoin for ages.
Darkcoin beat them to it a long time ago.
Theyre clearly over their heads.

Its not time yet guys. Wait for $200.

>>605755
its not going to go to 200

http://pastebin.com/n5YQXEd7

this is a script that runs martingale on freebit.co

If you have around 50000 satoshi it'll just keep earning you about 1000 per hour or more, and then when you have enough you can up the original bet to .00000002 and just keep going from there.

Do some basic calculation and just make sure you can lose around a couple dozen times in a row and still cover your bets.

http://en.wikipedia.org/wiki/Martingale_%28betting_system%29

that's a link to the martingale system wikipedia article. that way you understand how it works. basically you just double your bets if you lose and eventually you'll make back your investment plus whatever your original bet is.

So it just goes up and up. Automatically. You have to refresh it every hour cuz of how the site works but it's just foolproof as long as you can cover about two dozen iterations of losses. You'll never lose that many times in a row. Especially if you refresh your seed, under the "Provably Fair" section.

Trust me on this, make sure you can cover a shitload of losses. I've lost 13 times n a row and lost a lot, so just don't be greedy and don't up your initial bet value until you can realistically cover it. I did this a couple times and lost a large amount of winnings. Essentially "turn it up to 11!" is not applicable until you have a shitton. But yeah have fun it's a slow and steady wins the race formula that's essentially foolproof as long as you're smart about it.

>>605762
>freebit.co
doesn't work

>>605755
Why would you wait until it hits $200 to sell? Sell now and buyback when its like 5 bucks each.

>>605756
Listen to this dude. Its going way lower than 200.

>>599749
Fucking idiot. Sell now before it dies. All alt coins are a joke, only Bitcoin will win in the long run.

>>605740
Zerocoin is a joke. There is this masterkey thing that you are supossed to believe it gets deleted by a trusteable party, it has access to the entire protocol. Zerocoin = jews.

XMR = only legit altcoin. Will probably be the one to use for bad guys to buy drugs, cheese pizza, order hitments and other fucked up shit.
Definitely safer than Bitcoin and less annoying (no laundering shit).

>>605793
>only Bitcoin will win in the long run.
Protip: Bitcoin won't win either.

>>605793
I would bet money that in a few year d bicoin an lite oin are going to be able to only thing people have ay inetestt in

>>594665
How

>>605800
Nice dubs faggot that is wrong.

>>594665
won't the community just come together and rebuild?

>>605916
Bitcoin is a lame horse. Someone needs to take it to the back and put it out of its misery.

>>597670
well shit

>>605762
How do I "run" it? Where do I paste it?
Sorry major computer noob here

stop right there you criminal scum and give me your dogecoins! DKW3td6f9jkoNStKyc9e6mbdBCtEVoDn4x

>>605799

The only legit altcoin has nothing to do with the Satoshi code, it entices both respect and fear, XMR is only with long term together with Bitcoin.

Notice LTC is not going up back with Bitcoin, it was never anything more than the whales fuckboi.

>>605782
Mining would collapse, pretty much the one and only thing we can guarantee about price at this point is that it won't dip below $150

the whole thing was speculation based bubble which is why it inflated to such a high amount. Honestly half the "investors" were whales and weren't aware that their own buy ins was what was driving the price up.

>>606260

its like fracking, at one point it become too unprofitable to mine.

I dont' own bitcoins, but I don't think the price will drop too much. I mean, if I want to buy something anymously, say porn from a camwhore or drugs, I have to use bitcoins right?

>>606374

err, thats what they want you to believe: https://www.reddit.com/r/DarkNetMarkets/comments/2rhaqc/deanonimyzing_bitcoinfog_and_other_tumblers/

this is 2015 we are in back to the future 2 now

people will be willing to try out futureesque things such as incredibly retarded gimmick wearables

>this thread is still here

>>606418
It's a "look at him and laugh" thread.

>Bitcoin selling for $287 on bitfinex
>Bitcoin selling for $280 on okcoin
Why do I get the feeling there's some sort of market manipulation going on here....

>>606375
>Go to TOR
>every dark market still using Bitcoin and not Monero
>mfw every dark market is run by retards/fbi honeypots

>>605756
>"it's not going to $300!"

http://bitcoinity.org/markets/bitstamp/USD
Still down....
Did Bitstamp just run off with everyones buttcoins?

>>606517
maybe it's because XMR needs to be exchanged for BTC before anyone can turn it into actual fiat. surely as soon as one market adopts XMR though the price should leave the stratosphere. they're like 50 cents right now.

Chart looks like a typical penny stock pump and dump.

>>607587
Im guessing the result will be that prices will drop even lower by next week?

btc wallet
15BPWYQRwkwisGVmGf2ms4q4AgSyPFpRVP

xpy wallet
PBaX41FtkuTPvxqaEKJszxyXUJoPZHM9D4

looking for help.... thanks

What's hilarious is that what is happening to LiteCoin is going to happen to Butts and everyone is so in denial about it.


>More cheap coins guiz
>oh boy they're even cheaper

>>608705
It's so obvious that panicked bitcoin investors are just trying to get people to buy coin in order to slow the free-fall

Goddamn jews

>>607647
probly

>>607587
This.
Except it can be traded for illicit actives, which stimulated actual economic activity.
Bitcoin's glory came and went.

>>608747
I think it's heading back to Silk Road Prices, since that's the only markets it's actively used at. So $50-$80 should be the target.

are YOU ready to become a BITCOIN MILLIONAIRE!?

>>608760
That's a stupid as fuck infographic, but DAMN that colour scheme is sexy.

>>595156
>lel ya'll are plebbingtons I'm a playboy get rekt
>no I'm not sharing :p
Classic /biz/.

When will speculators fuck off? I want to buy but not at this ridiculous price

Cryptocurrencies are doomed to fail because of the possibility that there could be an infinite amount of different currencies without any limit because people will start accepting others as well. Don't buy this shit. It'll be worthless soon no matter the popularity and acceptance.

>>609598
criminals demand a way to make anonymous payments online. nobody wants to buy heroin with applepay.

>>609599
But it's not anonymous. Everything is traceable.

>inb4 tor
not safe anymore

>>609600
yet dark markets are still flourishing. oh and they only accept BTC atm. when alts stop battling to create the single best anon coin, that'll be adopted and with any luck i'll be rolling around in lambos.

>>609600
It's still better than having to use your credit card. And you can use it to buy things that aren't illegal but you don't want to give your name, like paysafecard. The problem is that most of the people owning bitcoins are dumb speculators

>>609605
Yeah, because governments currently care more about child pornography, terrorism and the distributors of illegal goods. And there are no anonymous coins. It's a common misbelief.

>>609607
>paysafecard is anonymous
They know your IP address, the store where you bought it and maybe they can get a footage of you. Not really anonymous to me if you are a target of law enforcement.

>>609611
It's anonymous for the people you are giving money. Obviously not good for illegal stuff.

>>609611
>there are no anonymous coins.
some are better than others. most which strive to be anon are probably better than BTC, and they're improving.
i hear btw that laundering BTC costs people about 40%. there's definitely a market, just a case of the community deciding on which is the most anon coin then waiting for a market to implement it.

>>594665

Didn't BTC just crash again like last week?

Someone create mtgox2.0

>>599842

Is that a Bitcoin analyst in your .gif as well?

>>609616

only anon that makes sense is Monero, I'm still waiting for a better anon.

>>602949
>Vault of satoshi closing

Holy shit. That's sad.

They realized my first LTC and BTC purchases, and the drama that followed. They did Doge..

Bitcoin is truly dead to me.

>>601242
Get on the bus? What, the train's been downgraded to a bus now? That sounds about right. Fuckin greyhound.

>>609640

its called bitstamp

>>594665
>14 days ago

>>609746

>>609655
Vault of Satoshi was never significant lol.. just because you used it doesn't mean many other people did

>>610476
>>609746
:/

>>594671
>would be worth $100k - $1M in several years
Well, it's only been a year to be fair. It COULD see an xbox-hueg breakout.
But then again, trading litecoin is probably the smarter move at this stage, largely because smaller price movements are required for a usable percentage, and people who had spent 1000 dollars on LTC in say, June before the bubble and sold during the bubble made more than people who had bought 1000 dollars worth of BTC in that same time frame.

>>594801
>Mining is evolving to the point where you might as well cloud mine and let the pro's handle all the logistics.
Eh, you usually end up paying more for the BTC through a mining contract than you would by just purchasing the damn coin. You basically pay for the sensation that you are creating bitcoin. I've yet to see a profitable cloud mining rig - on the customer's end, it's damn profitable for the actual companies

>>602090
This. Only way you'll feel down is if you've done way too much in one go, and haven't had much sleep, as well as the trip going sour.

>>601524
>not hodl

Bitcoin just lost 7% of it's value in the span of one hour.
Fucking amazing.

>>611134
Put a fork in it, its done. Not a silver fork though, you dont want to get any bitcoin on your silver.

Anybody actually bought some computer hardware to increase mining?

>>611178
Was actually weighing this. I have a fixed electrical bill, so i was thinking it may be very lucrative.

>>611173
Amusing on a few different levels.
>>611183
I can almost guarantee it won't be.

>>611184
I thought my electric bill might be a reason, but i know deep down its a bad idea too

Just broke 250

>>594665
Massive thread, might read eventually but how does one get coins?

Free or with cash.

>>611230
Free.
cryptogator.net
k8poker.net

>>611226
It was down to $230 on btce just a moment ago

toppest of keks

>NEETS in charge of not shaking themselves down

>>611274
fug.

well iuno about you lot, but i'm buying XMR while the price is this retarded.

>220

The keks can't be this topped.

Bitcoin was good at first because it was a bunch of libertarian types that wanted a currency free from government interference. Once people started to get rich from it though it ended up being filled to the brim with speculators who were buying bitcoin for NO REASON other than to later sell bitcoin.

Now that bitcoin is falling so much all these people will start getting out. I do think bitcoin has a price floor, but it's going to get much lower before it gets higher.

That said, I'm probably going to buy 5btc, just to be a part of history - it will be like owning dutch tulips from the tulip mania days).

Anyone else got a sneaking suspicion the US gov are killing bitcoin off?

>>611605

no, go scapegoat the greed.

In one day, Bitcoin went from $270 down to $216...

>>611610

Think of the people that bought at $270 thinking they had a bargain.

Fuck, think of the people that bought "bargain cheap" coins at $800. Hell, this guy sold his home for $1.6 million in bitcoins at $584 a coin back in August.

If this guy held those bitcoins he's lost ~63% (or $1,008,000) in just 5 months.

>>601298
holy fuck

>>>/pol/40628652

>>611624
You should see the subreddit for Bitcoin, it's a hive of people just lying to themselves and others.

>>601415
It's illegal in Germany.
Call it DEUTSCHCOIN

Will we ever see another crypto boom like dogecoin did?

>>611783
If a major government or corporation creates one, maybe (e.g. Fedcoin, iCoin)

>>611783
there only needs to be one anonymous coin. atm there are loads, all competing to be 'the one'. buy monero.

is bitcointalk down for anyone else?

>>611808
Fuck monero

>>611808
They're not anonymous, monero is crap, multi-currency economies are the only healthy ones (i.e. if one currency is devalued and there aren't enough instances of that currency to pay for things, you can change to a more valuable currency instead - otherwise the whole system is fucked), bitcoin has many flaws, pandacoin is the most likely to be its successor in future so far.

>>611820
what's your money on? surely not DRK or one of the copypaste babbyalts? i have like 14 DRK and i'd sell them for XMR right now if i could be bothered to sync. monero are something like 5 times cheaper, currently.
>>611824
> PND BTC's successor
kay.

>>611826
It has fair, relative inflation; it has actual development; it has a good supply of coins; it does POS without IPO and with fair distribution; it innovates (see: hybrid wallets, pandabank). It's really the closest to a bitcoin successor of all the coins out there.

>>611826
anonymous currencies are "illegal"

hence their intention for bitcoin to replace physical cash

>>611824
>>611826
>>611829
Hey hey guys no need to argue which one of your shitcoins is shittier. You both win because they are equally shit. Monero is tanking hard and PND hasnt had any transaction volume for months. Its looking pretty bleak in general for all cryptos. See you guys at the bottom.

>>611835
>caring about speculators
Pls.

>>611836
>making sure it hits the bump limit so this thread dies
Pls

Is mining any sort of coin worth it?

I got a
>gtx 970
>i5 4690k

Haven't overclocked either, I don't really care about making a profit. I just want to experiment and see how much I can make

>>611846
No.

>>611848
Then why the hell do people do it in the first place?

>>611850
Mostly idiots.

>>611854
So I guess the logical step to try to make money from these "coins" would be to buy a bunch when they're low and then dump it when they're high right?

>>611857
Yes. The problem is that they're purely speculative and have low market depth.

>>611863
What should I do if I want to make money then? Stocks?

>>611866
Stocks, bonds, and real estate can actually be considered investments, yes.

>>611869
gotcha, I won't waste time with this crap anymore

What exchange can I buy xmr at

Get out while you can dude, it's going to double digits.

>>605762
kek. Take a look at the probability of winning enough times in a row to double the money you're risking without losing everything first...

>couple dozen
ok: every time, you have a 1/2^24 chance of losing.

For the win, you have
>[1-(1/2^24)]^(2^24)
>37%

>>611883
poloniex is good.
>>611909
i hope so. the price has been stupid for too long. too few services have adopted it, and still many people don't know wtf they're doing. if it goes below $50 i'm selling my car, idgaf. i will retire early. it's full potential is yet to be realised; bitcoin isn't just about money, the fact that it can be used as money is just a bonus when you consider all the stuff you can do with dem blockchains. it'll eventually be worth more than the 2013 peaks. it just needs people to buy it and actually use it, which they will in time.
all this to say... don't buy atm. let it drop first pls. buy xmr instead, i've had a coldwallet xmr 'savings' account for months and i want a bigger house.
https://www.youtube.com/watch?v=wzwWIDIVSTo

>>611934
so whats the deal with XMR, how closely does it mirror BTC's moves and what are the advantages of XMR? or you just want us to pump your savings account?

>>611940
either way im gonna see how much XMR $50 can get me and see what it does. Not a fan of cryptos but theyre so volatile i could end up with a new laptop out of it.

>>611940
>how closely does it mirror BTC
the under-the-hood technical stuff is too much for me, but all it really needs to do is to offer what bitcoin does, but anonymously. with bitcoin all transactions and balances are immediately and permanently visible to everyone, which is a nightmare for the billion dollar markets selling illegal shit. lots of devs are attempting to create an anonymous version of bitcoin, xmr is presently amongst the most respected, and having been attacked some months ago it also happens to be one of the cheaper coins. it has now recovered, and it's price is up about 25% from last month.

>>611965

this, here a blockexplorer for example that a guy just setup http://moneroblocks.eu/

i really see no point in preaching the virtues of xmr to /biz/ i know right now its the best anon coin but i dont expect to get rich of it, but it sure blows drk and anything that tried to be anon so far out of the water, it makes you wonder if btc goal was to make impossible any derivative to be truly anonymous.

>>611826
>sync

mymonero.com if you dont want to bother with the cli wallet that is crap right now

>>611918
Martingale is shit anyway. Reverse labouchere is best.

>>595056
i agree

Do people actually make decent money from Bitcoin? If so, how?

>>612370

hacking and scamming

>implying bitcoin hasn't rallied two whole dollars since the crash

>implying the bull isn't back

http://bitcoinity.org/markets
>170
topest of the keks

>>612688
"It won't go bellow $200 they said"

>>612689

"You'll never buy $200 coins again"

My sides...