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/biz/ - Business & Finance


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7871043 No.7871043 [Reply] [Original]

I warned you faggots but you wouldn't listen. 11k was already the resistance in the weekly charts. Obviously this one failed to pierce and close above the meme lines using moving averages. Enjoy the drop in the coming weeks. Don't say I didn't warn you. How's HODL doing for you faggots?

>> No.7871058
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7871058

>>7871043
Why must you remind me of my failures OP? I bought at 11k. That fucking Oracle told me it's going to moon and BTC won't be dumped. AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.7871059

Sorry m8,
I only listen to Oracle

>> No.7871065
File: 392 KB, 500x273, 155061norris3d.gif [View same] [iqdb] [saucenao] [google]
7871065

>>7871043
Well I started buying when the price was $80 bucks, so hodl is working out for me really well.

Glad I never listened to you faggots over the past 5 years.

Saged.

>> No.7871067
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7871067

>>7871058
>trusting a namefage
Topjej

>>7871059
And another one. Enjoy your bags losers.

>> No.7871082
File: 74 KB, 720x707, 1516562833266.jpg [View same] [iqdb] [saucenao] [google]
7871082

>>7871065
>this level of LARP
Even if it's true, how you didn't cash out when it was still at its highs between 17k-20k baffles me. Your "gains" are worthless if it remains virtual and isn't cashed out. Let me guess, you're one of those HODL fags who think BTC will rise forever and ever.

>> No.7871098

>>7871065
Sage ain't a downvote faggot. Take your faggotry off to reddit.

>> No.7871135
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7871135

>>7871043
I think you're on to something OP.

>> No.7871143
File: 221 KB, 857x1202, 1507161493168.jpg [View same] [iqdb] [saucenao] [google]
7871143

>>7871082
It's not larp, but it is surreal. My cost average is ~440 overall, although recent trading may have affected that. I only have 11 BTC and some ETH and BCH though so I'm not a millionaire yet.

So yeah, I'm in the black till $500.

>> No.7871154

>>7871043
Rewatch your own fucking chart, haha. What came after (1) ?

>> No.7871173

>>7871143
So you didn't maximize your gains then. Any moron can strike gold in a bull run. Taking care of your portfolio and ensuring you maximize it is what separates the plebs from the pros.

>> No.7871181

>>7871154
I think >>7871135 already covered it. It's still going down no matter how you look at it.

>> No.7871239
File: 2.37 MB, 1280x720, 1518322867597.webm [View same] [iqdb] [saucenao] [google]
7871239

>>7871181
Obvious bulltrap was obvious. HODL faggots are just delusional. Enjoy deep drops in the coming weeks. If OP is right and it does indeed close below his meme lines, it's going to drop into oblivion. Vid related

>> No.7871279
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7871279

>>7871043
>BTC now below 10k
AHAHAHAHAHAHAHAHAHA. Git gud HODL fags.

>> No.7871347
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7871347

>>7871043
>>7871058
>>7871067
>>7871082
>>7871135
>>7871239
>>7871279
WHY ARE YOU THIS CRUEL?! CAN'T A MAN HAVE DREAMS??!!!! WHY MUST YOU BEARFAGS RUB IT IN OUR FACES?!!!! AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.7871380
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7871380

Time to buy back on the lows boys. Stock up on fiat, this is going to be a comfy ride all the way to the bottom!

>"The stock market is a device for transferring money from the impatient to the patient."
Warren Buffet

>> No.7871513

>>7871239
>>7871279
>>7871135

Actually if you knew shit you would know we are forming the right inverse shoulder before going to 12-13K neckline and rocketing extremely high from mid March through summer.
We will be back above 10 by end of day, this is extremely over sold manipulated dip and can't continue

>> No.7871519
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7871519

HAHAHAHAHA.

Where's that fag oracle?

>b-b-but MUH SHHH
>MUH SKIMPLETONS
>MUH MOON

>> No.7871546

>>7871181
There isn't even a random TA pattern anymore in his fucking charts >>7871135

>>7871513
One guy with some TA experience.

/thread asap pls

>> No.7871641
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7871641

>>7871519

>getting swindled by a guy whose only gimmick is talking like an anime character

Rest in peace anons.

>> No.7871663
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7871663

>>7871513
>before going to 12-13K neckline and rocketing extremely high from mid March through summer.
How are you this delusional?

>> No.7871721

>>7871663
Who do you think is selling right now? Who do you think sells at the amount to crash the market in 1hour what it naturally took days to climb to?
Is the market doing It?

>> No.7871747

>>7871173
Exactly
Pisses me off now that normies got in and talk about it at work. No, you're not a genius investor because you bought some ripple in december, you need to understand you're meant to invest in something for an expected return, then rebalance your portfolio, and keep amending

>> No.7871755
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7871755

>>7871641
Every time like clockwork.

>HODL fags losing
>someone gives them hope
>bulltrap rising
>YES WE'RE BACK! SUCK IT BEARFAGS
>drops
>*silence*
>impotent anger
>W-W-WE'LL BOUNCE BACK! THIS IS JUST TEMPORARY
I'm enjoying all the screaming and rage from these fanatics. Lesson #1 in investing. Never ever get emotionally and ideologically invested in something. Treat it like any other asset class. If it drops and loses value, cut your losses and call it another day. No wonder people get their wealth stolen from them.

>> No.7871776

>>7871721
US Jobless claims data out in 15 mins maybe, im trading currency pairs atm and the markets going crazy for me right now aswell.

>> No.7871798
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7871798

>>7871513
Same conclusion I came to. Futures also expiring soon, last time CME futures expired was the first time we dipped below 10k since 20k. I'm not surprised by any of this shit. Whatever the reason may be fore futures causing I dip I don't really give a fuck arguing about, the fact is it did it last time and this time. What's for sure is that last time futures expired we also skyrocketed back to ~13k in like a week.

>> No.7871799

>>7871043
>how's HODL doing for you faggots?
pretty good, 2% up since last Monday

>> No.7871822

>>7871755
to put it in perspective this has been going on since 2011.

Who looks stupid as fuck in retrospect? You tell me.

>> No.7871835

>>7871721
I'm a TA fag. what you call and deride as an "astrologer". I don't give a shit about fundamentals. Obviously, fundamental analysis has its place and many put faith in it but I lean on TA more because it tells the price real time. You can make all the predictions you want using Fundamentals but that won't tell what the present price is.

Like most plebs here, they misconstrue TA to mean something like predicting with 100% accuracy where price goes. It's not. TA is simply another tool to strategize and place where and when you want to enter the market. Obviously price goes either way so you adjust accordingly where price goes. You ride the waves, not go against it.

>> No.7871855

>>7871173
honestly this is horrible advice for the average person.....just stupid

>> No.7871867

>>7871822
BTC dropped during the years 2013-2014 I think with the MtGox fiasco so no, it hasn't always been going up. As someone who likes to use charts and technical analysis, if you made bear threads during the years 2015-2017 then I'd have called you a retard too.

>> No.7871882

>>7871855
>maximizing gains is horrible advice
I can't believe you're this stupid.

>> No.7871898

>>7871043

Thanks just shorted 100k

https://twitter.com/flibbr/status/966451499042787328

>> No.7872000
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7872000

>>7871043
>>7871058

SHOULD'VE LISTENED FAGGOT

2 DAYS AGO I WARNED EVERY SINGLE ONE OF THE SHHFAGS THAT A CORRECTION WAS COMING

NO-ONE LISTENED AND ALL OF YOU LAUGHED, HAVE FUN WITH 9.5K

>> No.7872052

Already bouncing KYS

>> No.7872063

>>7872052
>bouncing

Where? Towards 9k?

>> No.7872078

>>7872063
He meant bouncing down probably.

>> No.7872093
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7872093

>>7872052
>Looking at 1 minute charts
Kek.

>> No.7872102

>>7872000
no one takes faggots like you seriously because at 6k you said we'd keep going

>inb4 wasn't me

yes it was, all of you bearfags are the same. anyone who calls themself a bear or a bull should kill themselves

>> No.7872104

>>7871835
Well thank you that's some great insight.
The market will go where people with tens of thousands of BTC and billions of dollars want it to go and will make the technical indicators take the shape they want it to take.

In any case only the next 24-48 hours will tell.

>> No.7872106
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7872106

>>7872052

>looking at the 1 minute chart

>> No.7872118

I'm expecting 8k and a bit of sideways trading before it actually turns around

>> No.7872148
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7872148

>>7872102

>/biz/ is one person

I started posting about the correction two days ago in oracuck's threads, and I predicted the correction would be to 9.5k.

>> No.7872184

>>7871867
yeah once again even if you bought right before GOX you still would've made 10x gains in 3 years, assuming you're too much of an idiot to average out buy positions over a period of time

>> No.7872198
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7872198

>>7872148
>it wasn't me
sure bud

>> No.7872236
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7872236

>>7872198

This was one of my first posts about it, turned out pretty accurate desu

dumb frogposter

>> No.7872310
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7872310

And you fags think it's going to 100k at some point. You'll be lucky if you ever sniff 19k again.

>> No.7872335

>>7871043
This can go in a lot of different ways, could start bouncing between 9K and 11K just as easily, When we get to 4K you have permission to brag, otherwise you're still wrong, retarded and gay.

> How's HODL doing for you faggots?
Not a hodltard, someone that considers anything below 10k a good rebuy price. But you niggies waiting for 3 digits.

>> No.7872361

>>7872335
There seems to be a lot of anger in that post. Are you one of those fags who bought high at 20k?

>> No.7872396
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7872396

>>7872310
based on what? You really think BTC has no future?

>> No.7872450

>>7872396
It obviously has a future, but the days of getting rich easily are over. BTC is stabilizing just like a plain old stock. Congrats you are all turning into boomers.

>> No.7872481

>>7872450
BTC finding a stable price is perhaps the best thing that could possibly ever happen. Would give breathing room to new projects in the blockchain space without constantly getting cucked by its price swings.

>> No.7872482

>>7872310

It might take a year or 3 but it'll very likely get there at some point. This thread is more about the dudes that thought it was going to 50k in mid-March.

>> No.7872494

>>7872450
impatient fuck, btc was 6k not long ago.

>> No.7872565

>>7872396
Crypto has future, BTC has not.

>long transaction times. Takes as much as 30-40 minutes to make one transaction. With fiat transactions take 1 second. Just hand over your paper money and you're done.
>Dependent on expensive electronics and ledgers that degrade over time. With fiat you can just put your paper money in a wallet then you're done
>dependent on internet infrastructure. Without the internet, crypto is useless
>When quantum computers become powerful enough to brute force every encryption on earth, present cryptocurrencies will be rendered useless

There's uses for crypto but it's clear bitcoin isn't a viable long-term replacement for fiat.

>> No.7872591

>>7872450
I can tell you why you're wrong, the market capitalization and moving volume of BTC is way too low for it to be stable. Your thesis isn't wrong though, its just off.

You think a 10k to 20 BTC is expensive right? You would be right if BTC was a stock. BTC is not a stock, and it's pricetag is both not real and irrelevant. You don't have to buy a whole BTC. 20K BTC isn't expensive, its actually cheap. The market cap is cheap compared to similar commodities. You don't have to buy a whole BTC to gain access to the blockchain and use it, so its price is completely irrelevant. A ton of gold is 64 million dollars, that doesn't make gold "expensive". You can still have a gram of gold.

When BTC has a market cap of over 1 trillion its growth will begin to slow. That's when boomer days begin to roll in. Higher market cap higher moving volume assets/stocks WHATEVER are less prone to rapid changes in price since there's so much volume buying at any given time that its foundation is not unlike the underlying plateau of a mountain range

>> No.7872618

>>7871882
some people can't trade, they invest and hold. are you retarded on purpose or were you just born stupid?

>> No.7872644

>>7872565
BTC will always be the gold standard reserve for crypto. BTC will always be top 5, not even joking. Not a BTC maximalist either, this is just the way things are.

The quantum computer this is beyond stupid, if you can "out-encrypt" the blockchain you can also have those same computers encrypt the blockchain. The computing power is completely irrelevant

>> No.7872689

>>7872361
I dislike a lot people that pretend they call things they never called on an anonymous imageboard. Both expert bulls and expert bears really piss me off.

> Are you one of those fags who bought high at 20k?
Not a real oldfag, but bought most between 1k and 3k, sold at 15k and 13k, rebought at 8k.

>> No.7872701

>>7872618
>angry he bought at 20k and is losing more than 50%
This ain't stocks dipshit. Investing and holding also doesn't mean you just hold forever and hope for the best that it will go up forever. Virtual gains will always be virtual until you liquidate and cash out. So you're still an idiot if you bought at $50 and still don't cash out of your gains. Even Warren Buffet who has a very simple investing plan of buying and holding for years cash out his gains. Price goes either way and you must always protect your investments. I can't believe I have to simplify and explain very simple things to you.

>> No.7873005
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7873005

>>7871043
Kek.

Oracle BTFO!

>> No.7873096

>>7872644
>BTC will always be the gold standard reserve for crypto
Based on what?

>BTC will always be top 5, not even joking
Again based on what?

>if you can "out-encrypt" the blockchain you can also have those same computers encrypt the blockchain.
Except bitcoin isn't design to combat quantum style computations.

You guys really are delusional. Unlike physical gold, bitcoin has none of the properties taht makes gold valuable. You liken bitcoin to "gold" because your prophets (marketers) told you so and like any hardcore religious fanatics or edgy fedora wearing atheists, you come off as rabid fanboys swearing and deluding yourselves about your cult-like movement whenever someone puts forth realistic constructive criticisms and potential drawbacks.

>> No.7873274

>>7873096
Gold has no property that makes it valuable. The circuitry use case for gold means that its traded thousands upon thousands of times higher than it's use case value.

The reason BTC will be digital gold is because it was the first. The same reason gold, from ancient times, was valued the highest, because it was somewhat rare and shiny, it was one of the first rocks people valued. I know you're not going to believe me but humans haven't changed. BTC has even more use than gold does. Gold, as a physical asset, needs to be protected by laws and by people, and stored in vaults. The power of a decentralized gold storage eliminates both of these things. BTC will eventually have a marketcap over gold, its not a matter of if but when.

BTC has been developed to prioritize its security above all else as well, its not just a dinocoin its the king of immutability with the longest proven track record. I know you'll never believe me anyway but that's just how it is.

>BTC isn't designed to combat quantum style equations

you actually have no idea what you're talking about. Encryption code is encrpytion code, it doesn't matter what device its done on and you have no idea what you're talking about.

>> No.7873404

>>7873274
>Gold has no property that makes it valuable.
Kek.

What makes gold valuable is because of the following:
-Gold is rare
-Gold's supply is limited
-Gold doesn't corrode
-Gold is portable and can be stored with ease
-Gold can also be used for a variety of things such as jewelry, electronic devices and medical applications

Bitcoin has none of these things. You can mine bitcoin, its ease or difficulty to mine can be changed on a whim, wastes so much electricity, is inefficient, takes time to make a single transaction, need expensive wallets and ledgers that degrade over time, totally reliant on the internet.

You only say it is like gold because you believe it so. Like I said, you are deluded. And regarding quantum, you really need to educate yourself:

>https://www.technologyreview.com/s/609408/quantum-computers-pose-imminent-threat-to-bitcoin-security/
>http://fortune.com/2018/01/06/breaking-bitcoin-cybersaturday/
>https://futurism.com/bitcoins-security-quantum-computers/
>https://hackernoon.com/why-bitcoin-fears-quantum-computers-and-iota-doesnt-697da531a11b
>https://hackernoon.com/how-i-cornered-the-bitcoin-mining-market-using-a-quantum-computer-9e5dceba9f92

But of course, you're just going to whisk this off and call me names because you are a deluded fanatic who functions like someone got sucked into a cult.

>> No.7873446
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7873446

>>7873404

>BTC isn't becoming more and more rare
>BTC isn't supply limited
>BTC corrodes (? HOW THE FUCK ARE YOU THIS DUMB)
>BTC isn't portable (there's no way you're this stupid)

and I already said the use case for gold is not why gold has value

you are actually fucking braindead kys

>> No.7873472

>>7872481
This. I hope we can bury gramps once and for all, or that monthly recurring futures-cucking puts him in his place and decouples alts

>> No.7873481
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7873481

Are you guys really this stupid? There is obviously an inverted h&s forming up. We're gonna see new ath in a month.

>> No.7873487

>>7871043
Fucking larps always show up claiming bs, screenshot you're trade log fag

>> No.7873508
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7873508

>>7873446
>predicted that he will call names when can't make a counter-argument
>proves my point.
Right on cue buttcoin cultist. Right on cue. By the way, btc "corrodes" in the sense that once the infrastructure of the internet is destroyed, as well as the hardware it is used to store on (remember hard drives, SSDs, USB's and ledgers degrade over time) degrades and is destroyed, it becomes lost forever. Gold will be here forever, your precious shitcoin will not. You are fucking stupid beyond hope but you already probably know that.

>> No.7873509

Someone has to be shilled. Money isn't for everyone OP, not everyone can be saved.

>> No.7873525

>>7873404
and once again, if there's a way to out-encrypt the block chain to manipulate it, there's an equal than or greater amount of people encrypting it with the SAME TECHNOLOGY. BTC was made to be future proof with it's design. Quantum won't do shit, we'll just have quantum miners. That's decades down the road anyway.

>> No.7873538
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7873538

https://www.tradingview.com/chart/BTCUSD/HIIQLGOd-Try-again/

>> No.7873543

>>7873508
dude if the internet goes south shiny rocks are going to be just use fucking useless, that means WW3 started and its the end of everything. The only thing that will matter than is guns and bullets.

>> No.7873547

>>7871043
Oh I see the pattern, tiny green is always after big red candle!

>> No.7873569

>>7873446
If it can be mined and be created out of thin air then it isn't rare you fucking idiot. The only thing stopping people from making new bitcoins into the supply into infinity is the arbitrary difficulty, cost of ASIIC hardware and the cost of electricity. Jesus, you people are delusional.

>can create out of thin air
>rare

Kek.

>> No.7873570

>>7871043
Since I never listen to retards like you and holded since 400, pretty good.
I would daytrade like you if my net worth was 200 bucks too, pajeet. Hopefully I'll never have to bother with that. What good is money if you have to spend 24/7 watching charts and fudding on imageboards?

>> No.7873592

>>7873543
>dude if the internet goes south shiny rocks are going to be just use fucking useless, that means WW3
The internet infrastructure is totally reliant on America. Even if America falls and with it the internet infrastructure, life will go on. It's not as if people didn't function before the invention of the internet. Looks like anon is right, you function like someone who got sucked into a cult. You are the classic case of delusional.

>> No.7873634
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7873634

>>7871173
>my way of gambling is better than your way of gambling

>> No.7873667
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7873667

>>7873634
>big numbers on the screen are big numbers on the screen
>that means I'm rich! Suck it fags

>> No.7873734
File: 56 KB, 403x448, 1513751543149.png [View same] [iqdb] [saucenao] [google]
7873734

>>7873667
>oh no the red candle, me must sell, more red candle sure to come....

>> No.7873743
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7873743

>>7873569
oh you can make a BTC out of thin air really???

show me this magic, I was under the impression you had to use tools and electricity to make them, but hurrrrrrr I guess its all just thin air

>>7873592
>yeah I guess BTC is pointless since America's internet could go out at anytime from something that isn't a nuclear war or EMP
>This wouldn't cause mass hysteria or anything nah life would just go on and gold would totally be valuable in this totally not apocalyptic scenerio
>deluded BTC faggots don't even think what were to happen if a doomsday scenario were to happen haha fags

seriously what are you even invested in if you're worried about the internet going south

>> No.7873807
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7873807

>>7873743
> I was under the impression you had to use tools and electricity to make them
>scraping the bottom of the barrel this hard.
HAHAHAHA.

You need ink, paper and trees to make paper fiat. That doesn't stop fiat from being printed out of thin air. It seems you don't know what the colloquialism "created out of thin air" means and you just took it too literally. How you think you are still not deluded or stupid baffles me.

>> No.7873844
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7873844

>>7873743
>>7873807
why so asshurt lmao

>> No.7873856

>>7873807
He didn't take it literally. He was clearly trying to damage control for his precious shitcoins. As someone pointed out here, he is showing the classic display of being sucked into a cult-like behavior. He's like the muslims who are desperate to defend their warmongering and savage prophet despite all the evidence against their shitty religion.

>> No.7873880
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7873880

>>7873844
>this damage control
Top kek.

This is you right now. Seems there's something about being sucked into a cult that turns off someone's brain cells.

>> No.7873982
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7873982

>>7873807
what are you even saying that's not even an argument lol, anyone can mine BTC but not anyone can mint USD. That's the whole reason BTC has value, they are completely different things. You really really can't be this dumb

>>7873844
>>7873880

THAT'S NOT EVEN ME KEK YOU IDIOT YOU DIDN'T EVEN CHECK ID holy shhit go back to your buttcoin plebbit

>> No.7874017

>>7873982
It's the same argument, you know it damn well brainlet. You also need tools to make fiat, that doesn't stop it from being "created out of thin air" that degrades its value over time.

>anyone can mine BTC but not anyone can mint USD
>That's the whole reason BTC has value
So if everyone can print fiat money then fiat money will have more value? Are you really this stupid? That just proves why your shitcoin is doomed to failure.

>> No.7874020

>>7871043
looking at this half a year chart alone shows gains of holding since july.

>> No.7874055

>>7873982
>anyone can mine BTC but not anyone can mint USD. That's the whole reason BTC has value
AHAHAHAHAHAHA

Holy shit! You're either trolling at this point or you really are this stupid. Congrats.

> CHECK ID
To be fair, most cuckcoiners act the same in terms of brainpower and delusion. If I made a mistake in identifying between idiot #1 and idiot #2 then I apologize.

>> No.7874114
File: 10 KB, 300x300, 1507259674652.png [View same] [iqdb] [saucenao] [google]
7874114

>>7874055
>>7874017

what are you two invested in, legitimately curious

>> No.7874142

>>7874114
Counterfeit USD fiat because it has value since it can be printed by anyone. Top kek.

>> No.7874199
File: 211 KB, 1024x576, US-dollar-Value-3-value-of-the-dollar.jpg [View same] [iqdb] [saucenao] [google]
7874199

>>7874142
what are you even saying

So I guess nothing. You are shitposting on a business board and you are invested in nothing. Best of luck with that.

>> No.7874228
File: 77 KB, 1066x600, 1512479537170.jpg [View same] [iqdb] [saucenao] [google]
7874228

>>7874199
>btc has value because it can be mined by everyone
Your words not mine. And yes, I'm clowning you because you're stupid as fuck.

>> No.7874284
File: 131 KB, 1405x825, 42112312312.png [View same] [iqdb] [saucenao] [google]
7874284

>>7874199
This is the chart of bitcoin now. Looks like there's no difference between bitcoin and the US dollar.

>> No.7874293
File: 225 KB, 1024x487, 1455681133505.png [View same] [iqdb] [saucenao] [google]
7874293

>>7874228
I'm just going to keep giving you (you)s at this point, really hoping you're just trolling

>> No.7874326
File: 88 KB, 750x856, 1508979890491.jpg [View same] [iqdb] [saucenao] [google]
7874326

>>7874284
(you)

>> No.7874505

>>7873569

The only thing stopping people from mining 90% of the gold available is that the cost outweighs the potential profit. A commodity doesn't need to be rare, it needs to be scarce. Tfw crypto is a paradigm shift where value detaches itself from trust in institutions because it is globally available and even cucks like germany/france can't reach a consensus better than global blockchain consensus. The european union is a joke, everyone admits that. You can't just pick 20 totally different cultures and expect them to want the betterment of each other. Unless you can outsource trust to computers... Oh wait

>> No.7874590

>>7871065
Though you could have sold the peaks and bought the bottom

>> No.7874615

>>7874505
Gold is one of the rarest elements in the universe. Even if you mine all the gold on Earth, you're never going to have enough gold to inflate it to ridiculous proportions and flood the earth to cheapen it. Same can't be said of bitcoin. Its difficulty or ease is arbitrary and if it was changed to "easy to mine" overnight, the world would be flooded with bitcoins. Same with fiat. Governments can obviously flood the global economy with paper money but they won't do that because it would make the currency worthless overnight.

The argument with the other anon stemmed from the fact that Bitcoin is "internet currency gold" which is obviously false. Bitcoin has more in common with fiat than gold. Bitcoiners are deluded as fuck if they equate bitcoin with gold. Crypto is revolutionary, yes but bitcoin is shit and useless and won't replace fiat any time soon.

>> No.7874668

>>7871043
>implying I haven't just been holding since January's dip

Buy high, sell low. The biz way.

>> No.7874687

>>7874615
>gold is one of the rarest elements in the universe

lol no

>> No.7874711

>>7874687
http://www.sciencefocus.com/qa/why-gold-rare

Take a science class anon.

>> No.7874756
File: 11 KB, 194x260, 4123123123.jpg [View same] [iqdb] [saucenao] [google]
7874756

>>7874687
Sit down son. Aren't you tired of being schooled all the time?

>> No.7874865

>>7874615
Wut, no way dude. Don't breed please.

>> No.7874971

>>7874711
if rarity meant anything towards gold price lead would be worth more idiot

>> No.7875060
File: 73 KB, 900x900, 564321231231.jpg [View same] [iqdb] [saucenao] [google]
7875060

>>7874971
https://www.livescience.com/39304-facts-about-lead.html
>It is not considered rare, however, since it is fairly widespread and easy to extract.

Please tell me you're trolling and you aren't really this stupid.

>> No.7875224

>>7875060
you said universal idiot, there is literally more gold in the universe than lead

if we're talking crustal there's elements much more rare than gold that are worth less like tellurium

>> No.7875252

>>7875224
you've derailed this thread with your mineral neurosis. mazel tov!

>> No.7875277

>>7875224
You're so stupid that there's no hope for you it seems.

>bitcoin is gold
>bitcoin can be created out of thin air
>s-s-s-so w-w-what??!!! ITS STILL INTERNET GOLD I TELL YA!

You're hopeless.

>> No.7875286

>>7873274
> Encryption code is encrpytion code

it also assumes that certain algorithms are hard to do

quantum computers can take your public key (your unencrypted address visible in transactions) and derive a private key that corresponds to it

this means a lot of Bitcoin addresses can be drained by a quantum computer

>> No.7875336

>>7875286
Hereby making bitcoin useless once quantum computers become powerful enough. How buttcoiners think bitcoin is the "gold standard" for internet money is what baffles me.

>> No.7875349

>>7871043
Weak handed Europoors and Pajeets tanked me while I was sleeping. REEEEEEEEEE

>> No.7875396

>>7875349
you need to embrace reality and sell the fuck out of your shitcoins because this is going down down down
down to a reasonable price that will trigger another bull run in March/April
I say let's hasten the day

>> No.7875421

>>7875286
it would take one simple fork to fix this

>>7875277
there is a limited amount of BTC lol u stupod

>> No.7875444

>>7871043
I don't wish death on many people, but you, I wish for death for you 1000X over because you and your stupid fucking shit tier meme chart that you have been spamming biz with non stop over the past month has gotten out of hand. FUCKING DIE YOU STREET SHITTING KIKE NIGGER FUCK. LITERALLY KILL YOURSELF. DIE FUCKING DIE ALREADY ANNOYINGFAGGOT

>> No.7875466

Who gives a fuck about the drop honestly. We all know it’ll come back if you don’t think so you should end your autistic life. Who really sells below 10k?

>> No.7875468

>>7875444
late Dec shopper? HODL XDDD

>> No.7875495

>>7875468
>XDDD
NO FAGGOT, I've been in this game probably longer than you have. Its op and his fucking stupid ass meme chart that I'm sick of looking at. You faggot bear fucks need to draw some new meme charts to spam this board with, the old ones are fucking tired you shit tier normie jewscum

>> No.7875512

>>7875444
Somebody is mad because he's losing a lot of money. Sucks dude, but that Wall St meme chart is always right. Questioning the might wisdom of Wall street.. you got a lot to learn.

>> No.7875529

>>7875468
no the bubble chart is just stupid as fuck since people have been posting it since 2014

t. started in 2015 mining doge

>> No.7875544
File: 514 KB, 764x628, Wall-St-Cheat-Sheet.png [View same] [iqdb] [saucenao] [google]
7875544

>>7875495

>> No.7875557
File: 37 KB, 407x351, dorian-satoshi-nakamoto-01.jpg [View same] [iqdb] [saucenao] [google]
7875557

You guys are all idiots pontificating upon the ramblings of another idiot. You people are the only ones losing money because you have no idea what the fuck you are doing and are constantly just throwing money around based on emotions and perceived inherited knowledge that actually comes from other dumb shitsacks just like yourselves.

>> No.7875571

>>7875495
what is your problem with maximizing profits?
I used to be permabull but I made more when I embraced the volatility and started employing leveraged positions on apparent breakouts
read up on it, practice and start small

>> No.7875578

>>7871043
oh look the retard that told every one that would listen to sell when we were hitting $6.5k

>> No.7875580

>>7875421
> it would take one simple fork to fix this

It would take one simple fork to fix the 1 MB limit...

>> No.7875598
File: 6 KB, 700x965, 1497561517398.png [View same] [iqdb] [saucenao] [google]
7875598

>>7875557
>i um vrry smurt an uh buv et awlll

>> No.7875604

>>7874687
Retard alert!

>> No.7875633

I know how we can get out of this bear market,

Lets fork bitcoin 1000x times in a week. That way everyone will hold for free money and everyone will buy back in for free money, reversing us into a bull trend.

>> No.7875637

>>7875604
every element that comes after it is more rare universally

On earth there are many elements that are more rare but are worth less because ie tellurium

rturd

>> No.7875646

I just bought 3k

>> No.7875666
File: 1022 KB, 480x600, v.webm [View same] [iqdb] [saucenao] [google]
7875666

>>7871043
kys

>> No.7875709

>>7875666
I wish I didn't click that

>> No.7875734

>>7871058
At least you didn't buy at 20k.. 11k is still cheap

>> No.7875772

>>7875604
Sure there is a small percentage of gold in everything, you could mine ocean water for the miniscule amount of gold in there, the cost would obviously be extremely cost prohibited.

Maybe to smol brain but the whole bit coin is gold is beyond retarded. Ok btc supply is capped at 21 mil, that does do shit to stop and potential of infinite crypto currencies to be created out of nothing. You are defending intermet math as being equAl to outgrow valuable then something only made in a super nova.

>> No.7875793

>>7875772
>you can have infinite cryptocurrencies
moving the goalposts, we're only talking about BTC

>> No.7875801

>>7875772
Fucking auto correct, defending digital math as being more valuable than a material are only in a super nova.

>> No.7875817

Fuck you all I sold at 9770. God dammit not going back in until 8k or a week.

>> No.7875859

>>7875633
Lets do this, for science

>> No.7875890

>>7875793
Sure I am moving the goal post. It is a fallacy to equate a easily reproducible "asset" with some one created by the death of a star in the first place.

Gold is not a man made tech that can and will be replaced. Gold has timeless properties that humans have valued for millennium.

>> No.7875895

Last time everyone bought at 6k. What do I have to look for to make sure it's the bottom?

>> No.7875951

>>7875895
you will never nail it perfectly
either wait for the confirmation and buy on the way up or start buying in increments on significant bounces

>> No.7876028

>>7871380

This. I've actually been praying for a crash lately because I want to stock up

>> No.7876166

>>7876028
same here, bought at 7k during the dip and sold at 10k and 11.5k. A crash now and I'll be so fucking happy.

>> No.7876510

>>7871380
>>"The stock market is a device for transferring money from the impatient to the patient."

Nice one. I bought even more now. Feelings are bad, but logic will win.

>> No.7876553
File: 1.83 MB, 275x154, 1519210908176.gif [View same] [iqdb] [saucenao] [google]
7876553

>>7875666
Clickbait.

>> No.7877119

>>7874615
Sex is rare if everyone remains abstinent. Does its value go up? Still same ol' sex. Just like gold. Nothing special about gold besides humans literally giving it a random value out of nowhere. That value becomes the set price.

I wonder how much gold was valued at when it was pre-ICO.

>> No.7877151

>>7871059
Oracle is a paid shill who gained your trust while BTC was on a genuine bullrun, now its on a bearrun and Oracle is just goign to keep song

DUN WORRY

HURR DURR

HODL!!!

And you retards will be holding until it hits $2k-$5k.

>> No.7877250

>>7877119
Men actually go head over heels and would do anything for a girl just to get into her pants. Wars have been fought and things have been done to actually get a woman. Men even buy expensive things and shower a girl with gifts just to get her. So yes, it is valuable and you damn know well women also use sex as an advantage because of its value.

>> No.7877270

>>7877119
Gold has high value becaue of aesthetics, its shiny and you can wear it. Currently i'd say its value derives mostly from thousands of years of being able to depend on it.

Just like alcohol can be a good way as functioning as a currency, people know they can exchange it to someone else and stays good for long period of times.

>> No.7877618

Speculation and Washtrading alone didn't pump us to 20k, we had retail money coming in which let the whales cash out at 20k. There is no new retail money coming in. All you speculating phaggots think each dead-cat is the rocket refueling for 20k. Get real. It'll take time for normies to forget the epic PnD.

>> No.7877819

>>7871776
when the report on claims for state unemployment benefits materially impacts BTC trading, cryptocurrency will be a multi-trillion dollar asset class.

>> No.7877821

>>7877618
This. Orderbooks were thin as fuck, new money was only paying of old money.