/biz/ - Business & Finance

No. Fuck /biz/tards, they don't deserve to benefit from Bitcoin. Keep mentally masturbating about Warren Buffet's next pick and shorting PRAN.

>>947115
>Muh Robinhood
>Muh STEM salary

I am starting to think /biz/ is the worst board.

>panic buying
Why? If it was for economic reasons I would imagine metals wouldve gone up as well

>>947143
>>947139
forever shitposting.

>>946801
Nuh uh. Fuck off OP. You're just trying to jack the price so you can sell your shitty Bitcoin

>>947221
This

>>947151

Gold and silver fell downwards during 2008 along with everything else... It was only after QE that we saw the prices rise skyhigh on the fear of US-weimar meltdown

>>946801

In a true bear market there is no safe haven

buy high sell low baby

>>947302
doge confirmed :-)

Anddd right, on, time.

So what exactly is causing this spike? Chinese economy fucking up?

And how high does everyone think it will go?

>>947416
>So what exactly is causing this spike?
http://www.bloomberg.com/news/articles/2015-11-02/bitcoin-is-suddenly-surging-again

>how high does everyone think it will go?
nobody has a clue (anybody claiming otherwise is deluded or lying)

>>947428
The only thing that is pretty sure is that after the surge there will be a large drop again and after some time it'll probably stay between those 2 points.

>>947443
It's better to hold it all the way up. Don't wanna miss your position for a long term 10+ year investment that could retire your ass.

>>947443
And then it will surge and drop, surge and drop, as more and more of the big coinholders pump and dump because they realized bitcoin is worthless

>buy Bitcoin so that I can close my position easily

Bitcoin shills are the worst. Literally worse than penny stocks - I'd rather invest in TBEV any day over muh buttcoins. Enjoy your imaginary exchanges disappearing when you try to cash out your Bitcoin holdings

>>946801

What is a good place to even buy bitcoin. I may now buy now, but I've been thinking about getting in for quite a while without doing so.

>>947526

*may not buy now

What's the best way to short it? It'll probably go down quite a bit like it does every time, right?

I'm really pissed because for the past 4 years I've known about Bitcoin, even written some tools to use it with but I've never made a single BTC..

Fuck ,it just keeps on going up,I feel like I missed the Bitcoin boat for a second time now.

Invest now or wait for the price to crash again ?

looking for very generous person to loan me $40 until next friday. started new job and have no money for gas/food until that date. will pay back via paypal. wicked_rob_10@hotmail.com

>>947570

FUCKING THIS

I bought a single coin. I don't regret it. Just get some. Its not gonna change my life over night but I am interested to see where this goes.

>>947570
This is what happens when you listen to /biz/tards instead of buying.

>>947500
Nocoiner cope stoped.

>>947513
>cashing out
>ever
>not buying whatever you want with Bitcoin directly
Kek.

I slightly regret all the coins I lost to altcoin gambling when btc was stagnant at $230 now.

>>946801
FUCK I WISH I HAD FUCKING MONEY TO INVEST. THIS SHIT WILL BE WORTH 100K IN 10 YEARS I SWEAR TO GOD.
FUCK. My dad left me an inheritance too but I can't touch it til I'm 28, 7 years from now. God damn it dude

It's starting to drop a little right now. 417 to 390

>>947637
Minor bump in the road before we go to the fucking moon

>>947642
You say that as we hit 383

>>947652
It's going back up m8, just enjoy the ride.

>>947656
This sure looks good...

/sarcasm

>>946801
>4 shitcoin shills on page 1.
>no end in sight

I'm out /biz/

It really is cringe worthy when they use "we", as "investors".

>>946801
Thousand dollars next week? I wish I had some money to invest and get out just before the next crash..

I have glorious 0.2 BTC I mined in 2014. GPU mining became unviable within months of me getting in of course, so I'll break even when it reaches 1250.

Holding a decade just for kicks.

>>947570
>Fuck ,it just keeps on going up,I feel like I missed the Bitcoin boat for a second time now.
>Invest now or wait for the price to crash again ?
Invest now, but don't get scared and sell if it goes back to $300. That's normal for Bitcoin.

Only buy if you can hold like a champ.

>>947253
Ok... i dont know what that has to do with anything? The assumption was if BC panic buying was caused by economic reasons (fleeing currencies) in Europe and Asia you would also see a spike in metals and the USD.

>>947700
Thanks senpai ,just getting everything in order ready to buy ,I'm certainly looking at the bigger picture here ,I just won't be able to live with myself if Bitcoin goes 1000k+ and I didnt invest

>>947714
I first bought at maybe $6 and then it dropped right down to like $1. I was pretty distraught to say the least.

just, don't risk your damn house on it.

>>946801
Nah, we got to 360 because of the easing of capital controls not panic buying, otherwise we wouldn t have sunk so low during the chinese stock crash.

do your bitcoin history homework faggot

>>947708
>BC panic buying was caused by economic reasons
It isn't, it never was, we saw 1000 because of a bot on mt gox, literally go lookup all the panics from bitcoins beggining until now and you'll quickly find the correlation doesnt exist

I havent run my bitcoin/litecoin client in over a year and if i start it now it would spend days downloading at least 10GB of data.
Do i really need to do this? can i just download directly the most recent update and just blindly trust the other ones?

and what are trustworthy places to trade? all of those in my bookmarks have closed down since last time i used them

>>947802
by update i mean the 130MB chunks of blockdata
i also dont mine myself if it matters

>>947802
Just use the Electrum client, or some other lightweight one?

If you still have coins on the main client, that's more of a problem. But you can export the private keys.

>>947802
>>947816
just in case you didn't get it, this guy is telling you that there are "light" clients that don't need downloading the whole chain every time.

>>947802
>running a full node
don't do it.
it's essentially yelling to the entire Internet "YO WHAT'S UP GUISE I'M INTO BITCOIN COME AND CHECK OUT MY SECURITY CHANCES ARE I'M RUNNING A PIRATED COPY OF WINDOWS, NO ANTIVIRUS AND MY WALLET.DAT ISN'T EVEN ENCRYPTED LOL"

>>947816
i do have coins on the core wallet, just checked out electrum, apparently i can import my old wallet there, but i dont quite understand what happens then. Is it still running locally, or am i dependent on the developer? If he decides to shut down the servers for electrum, are my coins stuck in limbo or can i take a local copy of my wallet.dat and import it in another client (after decrypting)

>>947662
>a chart with a 20 minute timescale

topjej

Anyone who is not connected to inside information on stocks is fooling themselves thinking it's somehow safer bet than BTC.

Unless you have first hand info on company earnings or upcoming annoucements, you are all sitting keks.

>>947778
Ok that was what I was getting at. It seemed anon was implying it was

>>947221
>>947222
>implying it's possible to move a $6B market cap with neet bux
It's not 2010 mate. I bet you would have had the same response back then though.

>>947662

>corrections following sharp rallies are a bad thing

plz don't actually buy any bitcoins, you seem like the type to pussy out the second it drops more than 5-10%, then come onto this board and bitch about how it's all a scam

pic related, correction and rebound

>>947450
I kind of doubt the trillions of fiat needed to make every coin worth a million would materialize. The utility of bitcoin isnt some irreplaceable thing , dozens of coins do it better and the basic technology can be used seperate from a "coin" per se

>>947583
You could day trade altcoi s and get way better returns than 70% a month , especialpy if you get in with the twitters and IRC channels where they actual decide what to pump and dump

>>948177
2013 said hello

Just keeps on pumpin'
Pump

Pump

10pm EST

Still rising

Dis gunna be gud

I'm calling a new ATH within 2 weeks.

>>948327
What, 2000?

>>948333
2 weeks from today: 1200

After that, all bets are off. It could go 10x from there.

>>948338

Too ambitious

Although you may be right, i'm really hoping you're not. A rise that quick would only lead to a massive correction or all-out crash

slow and steady wins the growth race

>>948338
I stand by the 500 before Monday.

After that, it will continue up, how fast it will get past ATH is the question. Could be in months, or years.

Made $30,000+ in past 2 weeks. Been buying since just over month ago had a feeling of this hitting with announcements being made by financial institutions etc.

always do the opposite of what /biz/ says

btc is ~$600AUD, should I bite the bullet and get some?

>>948368
Nigga 2 days ago it was ~400.

>>948373
can I borrow your time machine

>>948368
Every person should buy at least a little right now. It would be irrational not to.

Well I found my old wallet, 0.145btc, am I going to be rich?

>>948404
10 years you possibly might be, anybody who says otherwise must be able to see the future

>>948404
In Sri Lanka you can buy a hut with that much.

Today i watched the graphs, lost a chance to amke 17% in 10 hours with a strategy.

>>947662
>>948175
What are those chart tools you guys are using? I found one for my local buttmarket but others are welcome.
What graph analysis methods are you guys using?

>>948404
forgot my multibit password, also cryptsy has locked my account..

fuck you btc

>>948446
Literally perfect reaction image! You got on the train but now it's locked up and useless to you.

0.145 is nothing anyway. Buy yourself a cheeky 6btc and you'll be away.

>>948459
Here's a picture I found of nocoiners.

>>946801
NOCOINERS ON SUICIDE WATCH

>>948459
I could buy a cheeky 6 but that's almost $4k AUD,

Keep this thread up till Sunday eve gentlemen. We are right on track.

>>948444
Come on, man! I even got trips!

>>948472
Just get one then because you need to be on the train. You don't want to end up like picrelated.

>>947526

Circle/Coinbase/or Localbitcoin and just deposit into an electrum wallet. I think overall between the two you'd only lose like maybe 1% of your overall amount.

I have about 12 coins on a really old bitcoin client on a linux machine that hasn't synced with the network for years.

Whats the best procedure to move them to a more modern and secure system?

>>948538
Create an Electrum wallet
Send your coins from your old wallet to me
I send the coins to your new wallet
Profit

>>948538
Keep the machine offline and HOLD those coins.

>>948527
I wonder where you people come from, trying to combine a meme with an event to be remember into our subconscious.

But yea I made 200$ while doing nothing at all buying bitcoin apparently.

where do u purchase ur stocks ?

>>946801
>buying near the holiday month

Nah, I'm good

>>948549
What's the preffered way of storing wallet.dat long term? archival CD + safety deposite box? If it gets to 100,000 USD per coin in 5 - 10 years you wont want it sitting around on a HDD in your home.

>>948558
I'd say you've still got a few hours left to post a picture of Thomas the Tank Engine ITT if you want to truthfully tell your grandchildren that you participated in the creation of the meme that defines our generation.

>>947849
>If he decides to shut down the servers for electrum, are my coins stuck in limbo or can i take a local copy of my wallet.dat and import it in another client (after decrypting)
There are multiple servers run by many different volunteers (click the network icon to see a list), so it's unlikely to go anywhere. I use it as my main wallet.

Yes, it looks like you can just export private keys from the Electrum client (and then import anywhere else). I have not tested this though, so if you are really worried maybe you should test the process with a small amount. But it's a very popular wallet, so I'm sure if the developers and all servers went AWOL there would be info on how to recover this.

As long as you save the wallet seed, you can recover your bitcoins somehow, even if in the worst it meant hiring a programmer for a day to write you some script to do so. (Very unlikely to be necessary, though.)

If you have a lot of coins you should investigate some offline storage method! At the very least, use a dedicated laptop or mobile device to store the coins.

Can any britbongs can tell me where they buy their bitcoins from? Most sites are for usd and eur

>>948625
localbitcoins

>>948601
Cold storage.

The keys to your largest wallet shouldn't be stored on hard wire of any kind.

>Generate the keys from a live CD on a computer that is not connected to the internet
>Send your bitcoins to this newly created address
>Write down the private key and store physical copy in secure location/s
>Wipe clean the computer

Alternatively make a "brain wallet" and have 0 copies of the keys anywhere in the universe.

>>948626
Already looked at that site and everyone wants pictures of your passport,licence and even Skype video calls ,is there a better site?

>>946801
Is there a faster way to buy and sell bitcoins? coinbase takes about 4 days per transaction

Where's a trustworthy site to buy from? And how to keep them safe?

>>948635
>Where's a trustworthy site to buy from?
https://data.bitcoinity.org/markets/exchanges/USD/30d

>And how to keep them safe?
1. DON'T be the wannabe day trader that'll lose everything within a day
2. Google "Bitcoin cold storage"
3. Read up and experiment with small sums to make sure you know what's going on
4. Move your coins to cold storage
5. HODL
6. ???????
7. Sell when you retire

>>946801
having a punt here. Looks toppy

How many times does it have to crash until people learn?

>waking up and seeing this
Feels better than everything else on earth

I can't feel my face, but I'm lovin it :D :D

>>948644
What program or website is that?

>>948650
Bitcoinwisdom.com

>>948650
Are you blind?

>>948640
Nocoiners will stay on denial until it's 100K per coin and we are all retired.

In a few moments gunna hit 500!!! Woohoo

>>948663
Someone record this shit and react to it, you'll get mad views.

>>948340
A massive correction doesn't matter as long as we stay above the last ATH. Progress is progress. Bitcoin technology disrupts too much the status quo to have a nice and steady uptrend, insane bubbles will happen.

>>948640
It'll crash again on November 6th. Winners of the auction are going to cash out quickly because this skyrocketing price is unnatural, when 44k btc are sold it will scare traders and most people will cash out. It's another bubble, no doubt about it. People buying like crazy right now are the reason it will never be an actual currency and will continue to be a gamble.

>>948627
Just have your wallet.dat in 3 different HD's, 1 USB pen, another computer (your laptop)
and encrypt it with 7zip's sha256's password protection in a couple of places with some uninteresting name on the filename. There's no fucking way you lose all those backups.

>>948668
Bitcoin is gold with properties of a currency all updated for the digital era, no one cares about artificial stability. Supply and demand baby.
PS: Once the marketcap is on the trillions it will be harder for massive bubbles like this to happen.

>>948631
Keep trying, some are cunts like that but you'll find some that will trade.

It really depends on how much, less than £1k you can usually get away with having nothing

>>946801
Isn't Bitcoin a ponzi scheme?
No thanks. :)

>>948674
isn't everything?

xD

>>948680
It's 50$ less on BTC-e?

>>948680
>>948680

>500 by the end of the week.
>500 by the end of the week.

>11/03/15(Tue)
>11/03/15(Tue)
>11/03/15(Tue)
>11/03/15(Tue)
1 day baby.

>>946801
OP, HOW DID YOU PREDICT THE FUTURE?

>>948692
yeah, why don't you go ahead and try to arb that
don't worry, that russian exchange that nobody knows who owns it isn't shady at all ;^)

What was the blockchain fork issue the other month? Do I need to do anything to preserve my coins from 2-3 years ago?

Guys, sell at 500 or keep holding?

>>948711
there should be a 5%-10 ish sell off soon today

>>948711
The true price of Bitcoin is around $200,000 each. So yeah sell now.

>>948732
They just don't get BTC will be the new BRK-A.

AAAAAAAAAAAANNDDD it's crashing.

Nocoiners face when /biz/ is actually right.

>>948750
It did this same shit twice yesterday.

I doubt it will go below $400 every again...

>>948732
okok how doe you compute that`?

This is where you buy, not at the peak

>>948756
Wild speculation bruh, but also assuming the masses will adopt this and get all cultish like they did with apple, google, etc

Get on the train.

>>948742
I'm personally looking forward to the days when my 10 bitcoins will mean I'm a member of the transnational banking elite.

>2020 Bitcoin becomes world reserve currency.
>2022 Satoshi nakamoto comes out of hiding and announces the purchase and disbandment of all national governments.
>2030 entire world runs on the sharing economy. The trappings of authoritarian control wither and die due to the power of block gain technology.
>2031 a new golden age of humanity dawns as the productive and economic power of free humanity is unleashed.
>2050 human knowledge and technology increased at an exponential rate. Faster than light travel becomes a trivial problem. Human lifespans become infinite.

>>948767
DELETE THIS POST

>>948770
Make me

>>948767
WILD SPECULATION BITCOIN MANIA!!!

>>948779
The scenario I outlined is vastly more likely than any view of the future you most likely have.

omg how far is it going to go this year?

already doubled my sheks :^)

>>948767
>this level of delusion
good luck baka

>>948767
also please, 10 buttcoins will barely make you middle class

the elite will be the guys in the 4+ digit buttcoin club

>feelsgoodman

>>948872
Nahh buddy. Look at the stats. It's already rare to see a person owning 10 BTC. The entry level to own 10 BTC will be impossible for the average middle class person, hell it already is, who the fuck is going to spend 5000 on BTC right now unless you are decently well off.

In 10 years you are set with 10 BTC, but ideally you want to have 21 BTC because of the sweet spot (21 million total).

>>948785
He thinks he will find a job with his shitty econ degree and will still deal with physical cash by 2035.

Crashing like a motherfucker, also look at LTC, from 5.05 to 3.7 in minutes? Ouch

>>946801
>whaaaaaaaaaaaaaaaaat is a pump and dump

>bought 2 BTC a month ago for 460 USD
>sold them 3 days ago for 620 USD
>tfw I want to kill myself

>>949432

Buying low and selling high for profit

WHAT A DUMP! Crazzzzyyyyy

>>948631
quickbt.com

that was beautiful

literally pages and pages of margin calls on okc

RIP :'(

>>949473
https://www.okcoin.com/future/blastingRecord.do?symbol=0

>tfw made a total of $2 on this glorious day

everyone so quiet now.

GUYS

GUYS IT'S BACK TO SUB 400 NOW

GUYS...??? WHERE'D EVERYONE GO??? B-B-BUT MUH COINS...

>>948357
Send me coin then
1EBqZikuNgMTtN7vqHwtKKKRHdzyLi2UW6

>>948538
Send them here
1EBqZikuNgMTtN7vqHwtKKKRHdzyLi2UW6

>>948767
I'll take just 1
1EBqZikuNgMTtN7vqHwtKKKRHdzyLi2UW6

>>949558
dammn I missed buying under 400

Damn, i got greedy and bought 2.2 extra btc when it was close to its peak today. 'Lost' 200 euro due to that.

Off course ill regain that loss in the long run but boy, do i feel like one silly investor.

Now i feel like i need to start shorttrading to somehow make up for that loss.

Lesson learnt.

>>949593
We all learned a valuable lesson today

>>949567
>>949568
>>949575
sent ;)

>>949593
>Now i feel like i need to start shorttrading to somehow make up for that loss.

You will never learn, will you.

Do I jump in now at $400? I can't imagine it going lower than that anymore, especially in the long run. It's only ever gone up. Do you really think it will go back down to $200?

>>949668
It could go anywhere m8

>>949668
Buy some now, then the lower it goes, the more you'll buy.

>>949593
>Damn, i got greedy and bought 2.2 extra btc when it was close to its peak today. 'Lost' 200 euro due to that.

>Now i feel like i need to start shorttrading to somehow make up for that loss.

>bankrupt anonymous: an impoverished peasant

>>949668
serious answer: it will eventually go back at least to 500.
but it may take a day, or 5 years.

>>947825
>hosting your full node on your main computer

It's like you enjoy being a target of DDOSing.

>>949691
Just hold it till 2k

>>947605
>motherfucking english muffins

>>947825
>running windows at all

>>948625
isn't bitstamp a british corp?

>>949607
I call bullshit, but just in case 18kGiAZ4tYoUf5gkfN7LN1y93ZWVK6Kudj

>>949691
>he has to instantly make up for loses
Fucking idiots. Whatever happened to patience.

>>947825
Overblown. Been using Core as my main wallet for 5 years, still waiting for muh hackz.

Just starting out
wouldn't mind a helping of something from anybody willing to help
1B1xzsQpjTHm4QWJ2dbxZPAJXR78Lj25he

>>949785
>>949819
sent ;)

>>949864
bullshit. i knew it.

>nocoiners are so asshurt they endlessly shitpost about minor corrections that wipe out like a day of gains then go back to hating their lives when the rally continues

Btw back at 450, we're officially back at yesterday's levels. WHAT A CRASH

>>948726
You called it.

380 boys

>>949864
What a nice person!

>>950021
Testing bottom then shoots straight past 500 before Monday.

Screen cap this.

It'll go back up today, don't cancel your yacht orders yet lads

>>950021
I didn't expect this.

I bought in at $407 and can't be happier. I plan to add 1 BTC a week to my portfolio. Bitcoin is going to be the future of money.

>>950101
>I bought at $1100 and am considering suicide. I hoped the price would be shooting back up but it's falling back down now. Please buy some BTC so that the price goes back up

>>950101
>I bought in at $407 and can't be happier.
I screencapped this and will program a bot to post it every day here starting next month

>>951424
Just hold for 10 years and retire or else you'll not consider sucide, but suicide.

>>951625
Naw I think people holding Bitcoin will realize its going nowhere after like 5 years. Then would be a good point for suicide if they haven't already.

>>946801
R.I.P deepweb markets
There is going to be a lot of stolen coins

>>948668
>nov 6th
>390
>called it ayy

It's stable now at $390, testing bottom and go back up after the weekend.

>>951630
The thing no one can explain to me is what is the purpose of bitcoin in particular.

What does it do that can't be done by a more effeciently coded altcoin?

you guys remember myspace right? first mover advantage? howd that shit turn out?

>>953606
>What does it do that can't be done by a more effeciently coded altcoin?

Replicate the physical network.