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/biz/ - Business & Finance


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754010 No.754010 [Reply] [Original]

Is bitcoin a good investment?

>> No.754012

>>754010
yes

>> No.754021
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754021

yes

>> No.754023

>>754012
>>754021
I'm saying this because it seems like it's getting more popular everyday. What will happen when it gets adopted on a large scale? The price will sky-rocket.

Just like all the new technologies that are becoming possible thanks to bitcoin. See:

https://changecoin.zendesk.com/hc/en-us/articles/205159748-Tipping-Enabled-on-SoundCloud?utm_source=ChangeTip&utm_campaign=be385a410a-Soundcloud_other_updatesMay2015&utm_medium=email&utm_term=0_edff094ad0-be385a410a-360634813%20%E2%80%A6

>> No.754028
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754028

>I'm saying this because it seems like it's getting more popular everyday.
No.
What's happening is that you blew all your savings "investing" in some internet funny-money.
Now you're desperately posting on 4chan hoping that by drumming up interest in the stuff, you can get the price back up and get back your losses.
>To the moon guys! To the moon...

>> No.754032

No, it's a waste of time for anything you could possibly imagine. No sense in holding it, no real reason to buy it to spend it, and no real use besides illegal purchases.

Anything you can buy with bitcoin can be bought with cash in safer, faster, and more secure ways.

>> No.754035
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754035

>"Investing"

NEETs. When will they learn?

>> No.754046

>>754010

I wouldn't call it an investment as such, I'd call it a long, risky trade.

And I say that as someone who trades BTC almost every day, loves Bitcoin and has significant holdings at times.

>> No.754052
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754052

>>754035
I love how at the end of the day, Bitcoin is just used for transferring fiat currency from one bank account to another.
Meanwhile, in the REAL world of paying for shit conveniently:
https://www.youtube.com/watch?v=EjJfIKZLdIM

>> No.754063

It's great fun to short

>> No.754068

>>754063

Short volume is still surprisingly low and there is still a shitton of money to be made off of the BTC ecosystem in general so it's a good idea to be involved with it.

>> No.755003

>>754068
>still a shitton of money to be made off of the BTC ecosystem in general so it's a good idea to be involved with it.

This.

Using a decent javascript pastebot on a legitimate dice gambling site will easily net you $50 per week minimum as long as you're not retarded about it. I've made $600 in a week just because I got lucky on a streak while I was asleep, and my unluckiest streak ever still made me $50. Dat math.

>> No.755171

>>755003
House edge

>> No.755753

>>754021
I want to buy this. Someone creat...
...hang on...
> Check bitcointalk
> Oh fuck it's real

>> No.755756

>>755003
Yeah that won't work.

>> No.755768

>>754052

did australians just discover credit cards

>> No.755785

>>755753
rly?

>> No.755798
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755798

>>755785

http://www.pepecoin.ga/

>> No.755801

>>755798
>http://www.pepecoin.ga/
holy fuck dude...
still better than bizcoin thou

>> No.755806
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755806

>>755798
>>755798
>>755798
>>755798
>>755798
>>755798
>http://www.pepecoin.ga/

>> No.755837

>>755798
how...how much satoshis is it worth?

>> No.755840

>>754010

yes yes invest in Bitcoin make Max Keiser wealthy so he can cash out

>> No.755843

>>755840
Max cashed out a long, long time ago.

>> No.755844

>>755843

He was also balls deep in at least 2 altcoin pump&dumps.

>> No.755847

>>755844
Which ones?

>> No.755854

>>755847

He was 100% in on Quark, and earlier he was also pumping LTC back in the day (3-4 ->40+), although the latter might have gone parabolic without his shilling.
There was also a Keisercoin or something like that (Maxcoin?) that he might have been in on.

There might have been more, but I'm a BTC purist so I rarely pay attention to alts.

>> No.755861

>>755854
Startcoin? Something like that.

I actually stopped watching his show when he blocked me on twitter for a (polite) comment I made to his girlfriend's bitching about the Trayvon Martin case.

>> No.755864

>>755847
>>755854

Alright, I did some searches and indeed Keiser pumped Quark and Maxcoin from their inception to the moments the bubbles burst.

>>755861
Yep, I was just about to mention that Startcoin seems to be the latest p&d. Probably too late to join now, although I can't even be arsed to pull up a chart of it.

>> No.755867

>>755864
>Startcoin
its been pumped a bit, but nah i don't think it's too late. i'm holding some, and one individual (presumably keiser) is holding 850,000 coins on bittrex.

>> No.755887

>>755837
zero atm. wouldn't be wholly surprised if another stupid memecoin takes off though. spose i should mine it, christ how tedious.

>> No.756014

Obviously it is, even NASDAQ knows, thats why they will be replacing their whole infrastructure into the blockchain in the following years

http://money.cnn.com/2015/05/11/technology/nasdaq-bitcoin-technology/

Hating on Bitcoin here is a meme.

>> No.756955

>>755798
>Pepecoin is a good digital currency to pay for your various purchases such as buying rare pepes on the meme market

Is this real?

>> No.757033

>>756014
>This doesn't mean Nasdaq is using actual Bitcoins as currency. But Nasdaq will be interacting with the Bitcoin system to slip data into the blockchain.

Nah, you're just another retarded shitcoin shill.

Get a job.

>> No.757074

>>755798
>meme market
wut?

>> No.757174
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757174

>>757033
>another retard that doesn't understand that there is no blockchain without Bitcoin and "using the blockchain" means indirectly investing into Bitcoin's health because *there is no fucking blockchain without Bitcoin, the native currency in which the people that get the blockchain alive (miners) get paid for doing so*
Yes good goy, keep thinking you know how
Bitcoin works by reading random cnn articles and do not invest, the whales must continue being feed all this cheap BTC.