/biz/ - Business & Finance

[Anonymous No.1681374]

Is bitcoin still a good buy or is a correction coming? I get they feeling this is a never to late to join type party

[Anonymous No.1681400]

It's not to late in the long term because we are all still early adopters ,but 825 is pretty damn high,nobody knows what's going to happen ,I didn't think it would hit 800 without a correction

[Anonymous No.1681420]

It's only a matter of time before it crashes again.

You can either roll the dice or buy the sub $500 dip again before it starts all over for the fourth time

[Anonymous No.1681437]

>>1681420
Lol no we are never seeing 500 again sorry

[Anonymous No.1681440]

all this talk of "wait for the crash" is silly, because whenever it does "crash", it's always higher than pre-spiking anyway, we can only go higher

[Anonymous No.1681460]

Last time for a save buy. Speculating on an after bubble low of around 750

[Anonymous No.1681654]

>>1681437
Sounds like you better hope not anon

[Anonymous No.1681673]

buy before 1k next week

[Anonymous No.1681710]

The Feds want to regulate and find a way to tax Bitcoin. I know it sounds crazy and impossible but they're looking into it.

[Anonymous No.1681748]

I got Bitcoins!!!!
Bought 2.1 with my savings today.
Poorfag sorry saved 4 years for that.
Better be worth it.

[Anonymous No.1681754]

I want to buy, but I think this is another bull trap like the one from last year when it kept on rising and then crashed on Christmas day. I'll buy in January.

[Anonymous No.1681784]

>>1681754

My problem is I always say "I'm going to buy when X" and then I miss the boat every time and need to buy at a higher rate.

It sucks.

[Anonymous No.1681786]

>>1681784
I will still dump around 1.5k euros on it tomorrow, to have a total of about 4 bitcoin, then I'll see how the wind is blowing.

[Anonymous No.1681797]

>>1681754

I'll be dumping Friday myself.

[Anonymous No.1681804]

>>1681786
It's rising too fast. You can chose to spend the money as you wish. I just have the feeling that by buying right now, I'm paying for another anon's vacation and I'll be raging like a cunt when it goes back to 700.

PS. I miss hashocean. Is there another one that seems good? I know they're all scams, but I'm looking for a long term one.

[Anonymous No.1681806]

>>1681784
your problem is that you are impatient

[Anonymous No.1681863]

>>1681437
people said stuff like that last time it went to a $1000 too then it went back to $170.
tldr never say never

[Anonymous No.1681866]

>>1681374
it's a buy dont worry the correction

[Anonymous No.1681874]

>>1681866

Correction? Genuinely asking, wtf is that? Is this the bad moment to buy?

[Anonymous No.1681875]

>>1681863
We already bottomed, now it's time for a new ATH, we'll peak at around 5000 and have another big correction and the cycle continues until all fiat cuckrencies and all other meme stocks are drained by bitcoin's superiority.

[Anonymous No.1681887]

>>1681874
when someone thinks the current value is too high (aka inflated) they predict that a correction is coming, ie the value sharply declining down towards the true value.

[Anonymous No.1681945]

>>1681875
you know that btc price has no relevance to any of that right? in fact for global acceptance it would need to stabilize. until it behaves like this it will always be a fringe high risk highly volatile asset.
btw i have no problems with btc going up i just don't believe it will replace traditional fiat in any way not one little bit.

[Anonymous No.1681952]

>>1681887
>ie the value sharply declining down towards the true value.
and overshoots into undervalued territory usually because of panic sells.

[Anonymous No.1682007]

>>1681374
Terrible time to buy. Wait for the next crash, you're not going to do anything but make others richer if you buy in right now.

[Anonymous No.1682077]

>>1681945
This
I expect governments will create their own block chain and it will be a disaster like the current system but they will never accept bit coin

[Anonymous No.1682094]

>>1681863
I don't know, last time it was thanks to willy the mtgox that it boomed, whereas right now you have a healthy bull trend that's been on for over a year compared to the boom that happened in less than a month back in winter of 2013

[Anonymous No.1682170]

there is no stoping the space elevator
next stop:
MOON

[Anonymous No.1682171]

Have about 110 btc...what do?

[Anonymous No.1682174]

>>1682171
send me some
3Cp8gWV8feyADpUdBpBz9WoVGj4xAXYYjR

[Anonymous No.1682198]

movin' on up
to the east side
we finally got a piece of the pie

[Anonymous No.1682200]

going to sleep, 860 when i wake up?

[Anonymous No.1682206]

>>1681748
this ought to cheer you up

[Anonymous No.1682225]

>>1682094
there is always an exchange that gets hacked...

[Anonymous No.1682226]

>>1681875
Making a retarded graph doesn't prove anything. Bitcoin will be nothing but a high risk gamblers coin or drug currency and nothing more.

[Anonymous No.1682246]

>>1682171
next goat 210

[Anonymous No.1682247]

>>1682174
Ok how much?

[Anonymous No.1682255]

>>1682247
1G5WEp3AwA1W88UdmrhMy9ncGrHKaLvmtC

Please send me something (enough to justify the TX fee)

[Anonymous No.1682259]

>>1682226
but it's a rainbow pony graph pulled out of a glitter-camels ass anon! how can you not believe?

[Anonymous No.1682271]

Fuck I feel I am missing out and I only have 0.4BTC

[Anonymous No.1682273]

>>1682225
and? bfx was hacked and now we're back up again.

[Anonymous No.1682372]

>>1682171

margin long @ 10-1 for 1,100 BTC position if you're not a pussy

[Anonymous No.1682380]

>>1681804
>miss hash ocean

I'ver been in biteminer for 5 months and I made my ROI back

[Anonymous No.1682385]

>>1681460
What is the indicator that produces those dots above/below the bars?

[Anonymous No.1682396]

>>1681374
>Is bitcoin still a good buy
Oh yeah.Of course.

Buy high. Buy high.

[Anonymous No.1682404]

>>1682385
> Parabolic SAR
http://www.investopedia.com/articles/technical/02/042202.asp

[Anonymous No.1682424]

nocoiners having a horrific holiday season

#can'tcope

[Anonymous No.1682426]

>>1682171

If this is legit then share the holiday cheer:

146VE9MurWZJcb8DouXWcFRCwpqKinECn7

[Anonymous No.1682457]

What's the best place to buy a few vig-free? Thinking of buying and holding 2BTC.

[Anonymous No.1682745]

>>1682396
>high

I'm so sorry for you nocoiners

[Anonymous No.1682748]

>mfw this is just a pump by whales to buy some alts cheap af

[Anonymous No.1682770]

>>1682426
>coin beggars
Disgusting. Work you filthy scum.

[Anonymous No.1682883]

>>1682745
they will end up buying at 2000+
sad!

[Anonymous No.1683066]

>>1682007
lol

you nocoines are so fucking dumb

its literally too easy to get rich with this

just keep buying every dip and wait the superior asset tend towards infinite value

[Anonymous No.1683323]

>>1682380
biteminer also bit the dust tho just before it started to pay out.

[Anonymous No.1683745]

>>1681440
Dude, if you buy at the peak and it drops down to just above "pre-spike" you've still lost a lot of money and could possibly have to wait a whole year till you make it back.

If that's ok with you then w/e. But it seems a lot smarter to wait for a decent dip (which will happen btw)

[Anonymous No.1683760]

>>1681374
Bitcoin has been steadily rising for over a year.
A few hiccups around major milestones like ATH or 1k are very normal, but this thing is definitely on a long-term climb. Which is driven by places like India and China with their currencies getting fucked, and things like gold (which are mistakenly considered to be "sure things") taking it up the ass majorly.
A few things to look out for are:
- the 1k milestone, which will be mediatized and get normies on board
- the inevitable decline and/or fall of the Euro
- more general bank / market / currency shenanigans

In essence, bitcoin is a much better monetary system than fiat, and it's only a matter of time before everyone else catches on.

[Anonymous No.1683768]

>>1681863
>people said stuff like that last time it went to a $1000 too
Pffffhahahah

Point me to the idiot who thought a 10-fold growth in a few weeks was sustainable.

[Anonymous No.1683792]

>>1683760
>In essence, bitcoin is a much better monetary system than fiat
fiat is at least money bitcoin is just a commodity not money. and it's not even a monetary system that means something entirely different. not even the usd is a monetary system.

[Anonymous No.1683800]

>>1683792
>bitcoin is just a commodity not money
t. increasingly nervous banker

>it's not even a monetary system
lmao

[Anonymous No.1683805]

>>1683800
you are going to tell me next clam shells are money and a monetary system.

[Anonymous No.1683807]

>>1683805
Bitcoin is used as a tool for trading the production of market forces, therefore it is money.

Fiat not so much anymore, given that it's just a tool for governments to rob you and decreasingly a tool for trading.

[Anonymous No.1683821]

>>1683805
Well they used to be. Might still be in some areas.
Anyways, enjoy your autism.

[Anonymous No.1683822]

>>1681710
Okay. that means it's being legitimized and the price sh ould increase.

[Anonymous No.1683824]

>>1683807
that makes no sense if money is not a medium of exchange then what?

also with bitcoin it's the miners who rob you. enjoy your tax on transactions!

[Anonymous No.1683826]

Best time to buy was 2009, second best time is now.

[Anonymous No.1684261]

>>1682404
Thanks boss

[Anonymous No.1684267]

one of these days, Alice. Pow! Straight to the moon.

Oh wait. That was today. Next stop is Pluto. Our rocket is powered by nocoiner tears

[Anonymous No.1684276]

>>1683824
you're already paying a tax on all your transactions. Credit card fees, PayPal fees, bank transfer fees, ATM fees, and on it goes. All those fees paid to banksters just so you can spend your own money. Bitcoin has fees but they're an order of magnitude lower than the highway robbery the banksters engage in. Oh and let's not forget inflation which is the biggest fee of them all, blatant daylight robbery carried out by the banksters. One which Bitcoin will never be affected by.

[Anonymous No.1684296]

>>1681374
If you only invest money you're willing to lose and you don't mind holding for a few more years, today is a fine time to buy.

[Anonymous No.1684333]

>>1684267
No offense, 14% is shit all.

[Anonymous No.1684350]

What's the easiest way to invest in bitcoin and just shop on Amazon? I do most of my shopping on Amazon. Can possibly rationalize putting money in bitcoins and using it for online shopping.

[Anonymous No.1684355]

Bitcoin is a perfect market for manipulation due to the ownership and how only few percent accounts nearly all of the volume while majority are completely inactive. And it is currently manipulated. But do what you must, it can still rise just make sure you take the profits at some point before the dawn

[Anonymous No.1684380]

>>1682171
buy me a christmas dinner or somethin man
1Gv32u6uXoZhcYzoaAMUnf4U4HSsYVycmP

[Anonymous No.1684399]

>>1683792
Money is a commodity too.

[Anonymous No.1684442]

>>1684355
You think someone has been steadily manipulating bitcoin's rise for 15 months now?

[Anonymous No.1684485]

Reminder that these "peaks" from the past few days aren't even anything special based on the growth rate from the past 15 months.
They're in the lower half of the trend channel.

[Anonymous No.1684518]

>>1684333
>No coiners still trying to cope

Kekekek

[Anonymous No.1684624]

>>1683760
>>1684485

I want to add to this: this recent push from 800 to 900 had nothing to do with China, they were selling more than they were buying.
This latest push came from the Euros and the US, among others.

The growth is real, buckaroos.

[Anonymous No.1684667]

>>1684276
not on cash really, when i give some good old paper cash to my mom nobody can tax that.

[Anonymous No.1684669]

>>1684276
>Bitcoin has fees but they're an order of magnitude lower than the highway robbery the banksters engage in.
where do you get that? actually transfer money cost less than bitcoin transactions especially if we look at the same speed transactions not that bitcoin can do instantaneous transactions.

[Anonymous No.1684670]

How many BTC did you buy and at what price?

[Anonymous No.1684672]

>>1681374
wait for the crash anytime now

[Anonymous No.1684690]

>>1683768
early 2013 bitcoin is calling

[Anonymous No.1684714]

>>1684670
11 for an average price of around 560 over the last year. Made my final buy two days ago.
Hodl from here on till the goal is reached.

[Anonymous No.1684733]

>>1684672

[Anonymous No.1684738]

>>1684667
Your money gets taxed whether you spend it on your mom or not.
Christ, how underage are you?

[Anonymous No.1684795]

>>1684738
so your money gets taxed either by slint eyed chinks who will give nothing in return to you or the government that develops infrastructure and operates the state from the taxes... and you say "yeah! let's give it to the chinks!" no... let's not. but on transactions there is no tax if you use offline cash. something you can't do with bitcoin. well large payments that sat for a long time sure you can send for free, but that's gonna be very impractical to day to day life and transaction times are abysmal.

[Anonymous No.1684803]

>>1684399
it's an asset and a medium of exchange but no not a commodity.

[Anonymous No.1684806]

>Bought ~20-30 BTC years ago when they first came out to buy drugs off the silk road

>Never spent it, forgot all about bit coin

>Lost the wallet info/can't even remember what site or email I used

>Wake up today and see it at 900

I think about suicide daily now

[Anonymous No.1684809]

>>1684803
Bitcoin is a literal payment system. A cryptocurrency.

Take your autism elsewhere.

[Anonymous No.1684810]

>>1684806
Dude

[Anonymous No.1684814]

>>1684809
>A cryptocurrency.
well duh... only problem is it doesn't act like a currency at all.
>Bitcoin is a literal payment system.
yes, and no. it could be a payment system a really shitty one on it's own but it could be. but it's most definitely not a monetary system like some retard claimed.

[Anonymous No.1684818]

>>1684814

[Anonymous No.1684823]

>>1684814
bitcoins role in this ecosystem is the same as golds it acts like gold it's not a currency it's a speculative asset.

the only thing bitcoin has on gold is it's near impossible to confiscate it when it "crosses" state borders. but you run into serious trust issues if you want to exchange bitcoin to anything else and you are not present. so in the end bitcoin acts exactly like gold in the economy.

[Anonymous No.1684831]

>>1684823
Did you have a point here?

[Anonymous No.1684836]

>>1684831
aside from why bitcoin is not money but an escape commodity?

[Anonymous No.1684839]

>>1684836
Money is exchanged for goods and services and for storing value, that's what bitcoin is being used to do as well.

And money that gains value is always a commodity.

[Anonymous No.1684844]

>>1684839
gold does the very same things except it also has some inherent industrial and easthetic value yet it is not considered money by anyone that has an iq greater than a snails.

[Anonymous No.1684845]

>>1684844
Yes, there is a difference between gold and currency.

[Anonymous No.1684847]

>>1684845
there is no difference between gold and bitcoin tho.

first and foremost a money is legal tender in at least one county. and foreign currency is just a commodity in countries.

nevertheless gold is almost infinitely divisible and could be used to settle obligations if both parties agree on it. it could be thus used as a medium of exchange and a store of value.

[Anonymous No.1684851]

>>1684847
You have no idea what you're talking about.

If you own country's money is increasing in value, it becomes a commodity all the same.

>nevertheless gold is almost infinitely divisible and could be used to settle obligations if both parties agree on it.
Thus becoming a form of money.

What is your fucking point here anyway?

[Anonymous No.1684858]

>>1684851
my point is if gold is not money then bitcoin is not money and gold is not money by current definition. so bitcoin can't be either. that is my entire fucking point.

for bitcoin to be real money it would be legal tender in at least one country but preferably all of them. and there is one big problem with bitcoin: even if states would let this happen (which they will not) you would have two legal tenders one is inherently inflationary and one is inherently deflationary. the only people that could afford to keep wealth in the deflationary money and not live day to day month to month on cc are the middle and upper class. these people would basically have an unfair advantage over the poor by being able to partake in a risk-less game of stashing cash instead of lending it back to the economy for the cash not to just sit there but actually do something productive in return for interest. but of course interest so far always came with risks. and that was the price you had to pay and the inflation was a hidden tax on the middle class which would need to be substituted. and it's not gonna be the rich that gets taxed the shit out off that never worked really.

in the end the poor will not be better off or worse off for bitcoin and the middle class appears to be better off, but income taxes will be adjusted and nobody will be better off for bitcoin. that's the end of the best case scenario. it can only get worse.

[Anonymous No.1684860]

>>1684858
>gold is not money by current definition
But cryptoCURRENCY is, by definition.

[Anonymous No.1684861]

>>1684860
it's not money dud deal with it!
you can call it whatever you want it's a commodity. and an illegal one on large part of the world for that matter.

[Anonymous No.1684863]

>>1684861
>you can call it whatever you want it's a commodity
it can certainly be both.

>it's not money until the govt. says it is!
Lol ok.

[Anonymous No.1684889]

>>1684863
>it can certainly be both.
well the most sensible definition i heard says it depends on the environment it operates in.

so yes it COULD be both, but it's not today right now it's not.

[Anonymous No.1684894]

>>1684863
>it's not money until the govt. says it is!
>Lol ok.


yeah the only thing that is really interesting in this debate is how the irs treats it? do they tax it like money or do they tax it like a commodity? does it appear in lawsuits and settlements as a medium of exchange or a commodity?

by this practical look on it bitcoin is not a currency sorry. it's exactly like gold. which could be money also but it's not.

[Anonymous No.1684899]

>>1684894
btw my gold and silver coins are also legal tender altho i would be a goddamn fool to exchange them at those face values. but people would have an obligation to except them as money.

[Anonymous No.1684919]

Convince me guys. I don't want to be a nocoiner forever. I'm just having a hard time seeing how this will be practical for the masses. Which is the only way I see a valuation like this continue to be justifiable. I want to believe, but I'm not going to move money out of a very profitable account on a whim or to chase a rally. I read the original BTC white paper last week so that I could better understand how the currency worked but I'm struggling to see it's practicality.

[Anonymous No.1684932]

>>1684919
>I want to believe
oh boy... if you believe in buttcoin then do dollar average buy, small amounts every month if it falls you only lost a little bit if it refuses to crash all the better.

[Anonymous No.1684935]

>>1684919
>but I'm struggling to see it's practicality.
as we all. it's fucking good for one thing: smuggle wealth across borders. as a currency it remains to be a failure.

[Anonymous No.1684937]

>>1684919
If you want in, wait a couple of weeks and buy in at $150.

[Anonymous No.1684944]

>>1684937
with dollar average it makes no difference only if you want to go all in, but again you don't know the timing you can't know the timing nobody does.

[Anonymous No.1684947]

>>1684932
Well I certainly wouldn't put on my full position at once. I don't roll that way friendo. I'll probably never buy in to be honest. I finally became profitable with stocks and commodities and I'm past the days of blowing up accounts on a whim. I only take trades which I have total conviction on.

[Anonymous No.1684953]

>>1684947
i'm thinking about doing some buying but it's fucking inconvenient. i don't do exchanges because fuck giving my id to anyone, i do atms.

[Anonymous No.1684967]

>>1684953
Are you a criminal or something?

[Anonymous No.1684969]

>>1684667
cash is still hit by the inflation tax. In fact cash is hit hardest by inflation because unlike money in your bank account you don't even get the piddling 0.025% annual interest. No matter how you use your dollaridoos, the banksters are going to take their cut.

[Anonymous No.1684977]

>>1684518
>860

He's right though there are plenty of "normie" stocks that move this amount over shorter periods of times. Bitcoin isn't the only investment opportunity out there.

[Anonymous No.1684978]

>>1684967
no i just don't see the point in giving my identity out especially when we all know how they will try to treat btc owners like criminals and terrorists at one point and also what's the point of having btc if you can't have it anonymously?

[Anonymous No.1684982]

>>1684969
>cash is still hit by the inflation tax.
we are in a deflation tho. so while generally true right now not so much.

[Anonymous No.1684983]

>>1684947
Always nice to see someone with a head on their shoulders on here from time to time

[Anonymous No.1684987]

>>1684982
>deflation

Oh, that must be why housing costs, health care, education and other necessities are spiraling out of control. Deflation.

[Anonymous No.1684996]

>>1681374
I'd pass on it.
Too risky at this point. It's going to correct soon and I wouldn't want to be stuck when it crashes trying for what is likely a minimal gain.
Wait for the crash and buy.
If you still want to buy I would dump it quick. Sell half at 950 and rest at 975 for safety and 1k if you feel lucky.

[Anonymous No.1684998]

housing bubble is a symptom of the underlying problem yes. education and health care are very specific issues to a given country. the goods and services generally are not getting more expensive tho. maybe next year.

[Anonymous No.1685000]

>>1684996
1k will be a watershed moment, it will get a bunch of press and a lot of people will wise up.

[Anonymous No.1685014]

>>1685000
that's not exactly how it works tho, when someone sees the price he will just see an insane big bubble. they will think the wise thing is too stay away. there are people who can't those people have no choice either they let their wealth degrade at an insane rate or get out into bitcoin. but the people that got financial security will not look at bitcoin like a safe heaven or a good investment opportunity at all. they will see a crazy ponzy or an insane bubble and will shake their heads in disbelief.

[Anonymous No.1685019]

>>1684983
It's a rarity for sure. Idk why I even come here honestly...

[Anonymous No.1685020]

>>1685014
>he will just see an insane big bubble
Yeah, a 15-month bubble.

[Anonymous No.1685038]

>>1685014
Faggot, stop shit posting up this thread.

I recommend everyone highlight this ID and ignore all the retarded nonsense being spewed.

Seriously, you're a fkn fool

[Anonymous No.1685048]

>>1685020
bubbles can go on for years usually 4-8 years is not uncommon. i no bitcucks are not used to it because of the insane volatility, but really the rest of the world will not grab it's head that omg that's it that is where i should pour my money. assuming they would shows a level of detachment from reality that is truly prepper and cultfag tier.

[Anonymous No.1685052]

>>1685038
>you're a fkn fool
time will tell, i wouldn't bet on it if i were you tho.

[Anonymous No.1685061]

>>1685052
If I could, I would. You're a hack. Go to bed.

[Anonymous No.1685077]

>>1685061
if you like to bet on shit odds go ahead.
bed? that's way too early my day is just starting.

and btw i'm not saying people shouldn't buy bitcoin or anything i just fucking hate the idiotic shills with idiotic claims about bitcoin that are simply not true.

btc shills are on the same level as feminists as far as logical arguments and sticking to reality goes.

[cope No.1685087]

this is the dip, buy 880>>1685077
>>1685052
>>1685048
>>1685014
>>1684998
>>1684982
>>1684978
>>1684953
>>1684944
>>1684935
>>1684932
>>1684899
>>1684894
>>1684889
>>1684861
>>1684858
>>1684847
>>1684844
>>1684836
>>1684823
>>1684814
>>1684803
>>1684795
>>1684669
>>1684667
>>1683824
>>1683805
>>1683792
>>1683323
>>1682259
>>1682225
cope

[Anonymous No.1685088]

>>1682206
Thats such an old chart

[Anonymous No.1685090]

>>1685048
These aren't houses we're talking, as you said there's "insane volatility".
And yet here we are, seeing a steady 15-month rise.

You have all the elements for creating a truthful statement in your post, but you arranged them in the wrong sequence.

[Anonymous No.1685095]

>>1685077
>bed? that's way too early my day is just starting.
newfag

[Anonymous No.1685096]

>>1685090
the only thing that surprises me really is that gold and btc move so differently, but i guess the explanation to that is found in india in particular.

in india they are planning gold confiscation and are stepping hard on imports. because their economy and national currency are in deep shit. and while they can do that to gold it's very very fucking hard to do the same to btc.

[Anonymous No.1685186]

>>1681374
Im just gonna lug around kilos of gold and silver that I protect with a stock pile of firearms after the Great Blackout happens and the grid goes down forever.

Tech dependent fans can get rekt for all I care

[Anonymous No.1685226]

It has gone up $50 in a day and is now at $896. It will all come tumbling down VERY soon and when it falls to $100 again that is when I will buy

[Anonymous No.1685232]

>>1685226
i think it won't go back under $200, it could but it probably won't. i give it 50% that it's gonna stay above $400 in a dip.
also give it 5% it stays above $1000 after a huge meme rally.

[Anonymous No.1685281]

>>1685232
and what, pray tell, is the rationale for your prediction?

[Anonymous No.1685290]

>>1685281
part psychology and observation about how bitcoin moved in the previous times and part what's going to shit in the world right now and what really drives the price rally and how it's not gonna end from one day to the next by some miracle.

but i'm not an oracle the truth is bitcoin could go anywhere any time. what1s going on in china india venezuela greece again soon however support btc price.

what could hurt seriously hurt bitcoin and cause the price to plummet if the western nations banned it ahead of time or tried to suffocate it with regulation and people overreacted this news. i don't see that happening just yet tho.

[Anonymous No.1685300]

>>1685290
basically the only thing that i'm curious about if btc will reach gold parity or not. technically it could. when the largest gold consumer on the world tries to ban private ownership of gold that's an interesting pressure for both commodity.

i have much more in gold than in btc. and i know an asshole that i really hate but he is heavy in btc and i wish not for him to succeed but chances of btc getting btfo completely are not that good. for it to go to the moon this round are negligible on the other hand.

[Anonymous No.1685327]

>>1685300
I'm split about 50/50 between bitcoin and PM. Lately more in bitcoin but that has more to do with rising btc and crashing PM prices.

I only hold PM as an emergency backup in case the global monetary system crashes. Some goldbugs still believe there will be a return to the gold standard but I just don't see it happening. Physical precious metals have too many limitations which bitcoin solves through technological means.

I agree that governments banning bitcoin is the biggest risk factor, but that's true of PM as well as we're seeing in other countries. Also, I still believe innovators in the blockchain community will find ways to work within the system and will be able to convince governments and the financial sector that adopting blockchain is to their benefit. I can't see another blockchain other than bitcoin getting mainstream adoption at this point unless it's government mandated. And even if the government does mandate it, it doesn't mean payment processors (miners) will go along with it. If anything, future blockchains will operate on top of the bitcoin network.

It's still early days for blockchain technologies. I'm don't realistically expect bitcoin to go "to the moon" tomorrow or anything. I'm playing the long game. Ten or twenty years from now when blockchain is everywhere it'll be a different story.

[Anonymous No.1685337]

>>1685327
>I agree that governments banning bitcoin is the biggest risk factor, but that's true of PM as well as we're seeing in other countries.
thing is the internet can be monitored and censored much more efficiently especially if you are dealing with an open-source protocol whatever you change the governments will know immediately.

if you try to ban offline transactions of gold between citizens you are in secret police territory. not just a simple isp filter enforced by a few words. mining is also a small point of failure. kinda like having your gold in a banks trezor you know. yeah you got gold on one hand but you won't be accessing it if something really bad happens on the other.

that is the biggest weakness of bitcoin it is worthless offline. anyone that accepts an offline transaction is a huge fucking moron and going to be scammed hard. pms are the opposite.

my most likely prediction would be is btc goes near or above gold parity and then falls back to the $400-700 range for years to come.

the idiotic shills however will tell you "hurr it's not gonna stop rising this time!" meh...

[Anonymous No.1685345]

>>1685337
we have a doubting thomas over here

[Anonymous No.1685523]

https://medium.com/@octskyward/the-resolution-of-the-bitcoin-experiment-dabb30201f7
Slightly shorter version with basic overview:
https://www.engadget.com/2016/01/15/mike-hearn-quits-bitcoin/

This makes it seem a lot like the entire bitcoin market is hinging on the actions of a few, thereby rendering it as useless as regular currency with the exception that even fewer retailers or individuals deal with it.

What makes you feel comfortable about trading one presently-certain commodity like USD with an uncertain commodity such as blockchain?

Have the problems iterated in the articles been resolved? Has the 'block cap' been raised? Has a change been implemented which significantly slows down transaction confirmation?

As I assume all /biz/nessmen learn all about whatever commodity they are invested in, where do you get your data regarding bitcoin?

More importantly, besides drugs and other questionable bullshit, what can/do you do with bitcoin?

[Anonymous No.1685689]

>>1685523
problems been talked to death for years but nothing ever gets done. discussion discussion discussion proposals proposals proposals not a single line of code.

[Anonymous No.1685700]

>>1685523
It doesn't matter what you can do with it right now. What matters is, what can you do with BTC in 5-15 years.

[Anonymous No.1685704]

>>1685337
Your prediction is based on nothing, but whatever helps you sleep, no-coiner.

[Anonymous No.1685795]

HIDE ID:YHXL03rv THREADS

IGNORE ID:YHXL03rv POSTS

DO NOT REPLY TO ID:YHXL03rv

[Anonymous No.1685801]

>>1685795
This desu.

[Anonymous No.1685802]

917
1
7

NINE HUNDRED AND FUCKING SEVENTEEN. CAN WE REACH $1,000 MEME BEFORE NEW YEARS?

[Anonymous No.1685804]

>>1685802
How about tomorrow lol.

[Anonymous No.1685805]

>>1685802
I predict complete meltdown and plummet back down to $50 per BTC on Christmas Day

[Anonymous No.1685807]

1/8 odds that deep descent commences tomorrow

[Anonymous No.1685808]

Bitcoins are just an awful investment overall

[Anonymous No.1685815]

>>1685808
120% ROI in 12 months..just awful. Index funds is where it's really at.

[Anonymous No.1685839]

>>1685805
>>1685807

I will keep this thread bumped until then.

Thanks for the info, will make sure to sell off right now.

[Anonymous No.1685878]

>>1683066
>dat graph

is there such a thing as opposite of dead cat bounce?

floating cat bounce maybe?

[Anonymous No.1685994]

>>1684806
every amount of lost bitcoin makes all the rest of the remaining bitcoin worth even more.

I've read some estimates of lost bitcoin to be between 1 and 3 million coins, although it's impossible to know for sure.

[Anonymous No.1685998]

>>1684858
>for bitcoin to be real money it would be legal tender

your trust and willingness to be lead by government disgusts me. You are a slave in the matrix and you don't even see it. Kill yourself

[Anonymous No.1686230]

>>1685807
Bump.

[Anonymous No.1686239]

bitcoin will moon to 1500 usd and settle around 600 usd

[Anonymous No.1686279]

>>1684806
only 20grand my dude

[Anonymous No.1686290]

>>1684844
Gold isn't used as money because the US destroys any country that tries.

[Anonymous No.1686498]

>>1685998
well dude it's in the definition of money that it is legal tender. if it's not then it's not money. this has been so for thousands of years. now you want to change it?

[Anonymous No.1686501]

>>1685704
alright i will just screencap your idiotic post then for later use.

[Anonymous No.1686606]

>>1685807
Bump.

>>1686501
Why are you still here? There will be no light or secret way to cope without just bowing down and buying coins for the ride to the moon you already missed.

[Anonymous No.1686692]

Where do you guys recommend to buy BTC from?

[Anonymous No.1686728]

Hey guys i have about 40 bucks of bitcoin. Is there any way i can reliabley grow it?

[Anonymous No.1686858]

>>1686692
i like Glidera because they let you buy bitcoins directly into your local wallet instead of being held by the exchange.

Localbitcoin is becoming a popular option. It's like a Craigslist for bitcoin that allows you to buy with cash. Never tried it myself though tbqh senpai

[Anonymous No.1686882]

>>1686606
i'm here to have an actual intelligent discussion about what moves the prices of this particular asset class, but the shills are fucking shitting up the place with delirious nonsense.

we will see. i plan on coming back to gloat every day if i'm right tho. hell i will write a bot to do that.

[Anonymous No.1687042]

>>1685805
A bump on Christmas day!

Here's a (you!)

[Anonymous No.1687057]

>>1686239
Says who?

[Anonymous No.1687922]

>>1686728
No, your more likely to loose it trying to ride bumps.

[Cryptocurrency Discord No.1688185]

>>1681374
>Is bitcoin still a good buy or is a correction coming? I get they feeling this is a never to late to join type party

get in before it goes to $800k lul. Seriously tho, I am long for the next 100 years

[Anonymous No.1688253]

>>1687057
His ass, I guess.

[Anonymous No.1688262]

>>1685802
yes


>>1685523
where do you get your data regarding bitcoin?
some from world crypto network on youtube, a lot from bitcoin talk dot org forum. Obviously those events like when mike hearn quit bitcoin will affect the price due to it's small market cap, and relatively high volatility compared to other currencies. but if you are able to look 20-40yrs down the road and see potential bitcoin market cap to be in trillions replacing fiat, then you will truly understand

>>1685523
>what can/do you do with bitcoin?
DO ANYTHING FIAT CAN DO, EXCEPT IT'S DECENTRALIZED (and yes block size will be large in future)

[Anonymous No.1688271]

fuck nah. the dip is already happening

its going back down again

[Anonymous No.1688672]

>>1688271
>babby's first day riding the rollercoaster
There's a two-day stagnation, way too minor to even show up in the trend.
You do know christmas just happened, right?

[Anonymous No.1688680]

So, which coins are better than bit coins? And with that I mean as anonymous or better and cheaper and faster transactions.

Right now Bitcoin seem pretty shitty with transaction taking hours sometimes and costing a lot each time.

[Anonymous No.1688681]

>>1681374
i'm investing in it starting tommorow actually

[Anonymous No.1688684]

>>1681374

its too late, if you want to get rich with crypto buy Monero.

[Anonymous No.1688685]

>>1688684
never even heard of that shit, and it's probably accepted nowhere, altcoin is the biggest meme ever shitted out of bitcoin's innovation

[Anonymous No.1688713]

>>1688685
Its accepted on Alphabay the largest blackmarket website.... alongside Bitcoin... so its kinda well known being the 5th biggest marketcapped coin and raising quickly AF

[Anonymous No.1688755]

Would it be smart to progressively keep buying bitcoins and just play a long-term game?
>>1688185
is pic here a load of shit?

[Anonymous No.1688767]

>>1688755
>is pic here a load of shit?
yeah doesn't seem likely, but btc can take on the role of gold in the new era at least for commoners.

[Anonymous No.1688778]

>>1688713

I just opened a 2004 barolo in yours and the devs honor

[Anonymous No.1688794]

>>1688713
yeah but thats about all its accepted at. the privacy is fantastic but it makes it a necessarily niche coin due to the way it has to be used. you cant use a web wallet, you cant even use it over anything that isn't tor or you lose all the privacy and it just becomes another bitcoin.

[Anonymous No.1688800]

>tfw you bought at $500

[Anonymous No.1688841]

>>1688800
400 here - don't know if i should sell on this high and rebuy on next dip or simply hold
so intense..

[Anonymous No.1688881]

>>1688841
feels like the longest hand of blackjack ever

[Anonymous No.1688954]

>>1688841
I'm not too fussed. I only have 1 BTC atm so i can't really make much on dips anyway.

[Anonymous No.1689004]

JUST GO TO $1000 ALREADY FUCKING STUPID COINS GO

[Anonymous No.1689005]

currently theres big resistance in chinese markets around 6500 CNY

at the same time we are hitting resistance in US markets around $900

6500 CNY = 935 USD

fuckijng GO. UP.

[Anonymous No.1689023]

what are the best places to turn in cash to btc without giving personally identifiable info?

[Anonymous No.1689034]

>>1689023
You can go to the boko haram congolese kosher delicatessen with remittance and cheque cashing 936 old kent road London and ask for the 'pyongyang special'

[Anonymous No.1689062]

>>1689023
mycelium app ->local trader (but trade with your own wallet as mycelium will take its share if you do the deal on their app)

[Anonymous No.1689102]

Should i buy now or wait ?!?!?
I don't wanna miss the btc train

[Anonymous No.1689107]

>>1689023
localbitcoins.com

[Anonymous No.1689151]

>>1689102

[Anonymous No.1689171]

>>1689102
You might as well buy now so you can decide on a day to day basis if you want to hold it. If you don't want to baghold you can just sell it for USDT or an altcoin.

[Anonymous No.1689205]

everyone using cold storage or are people on coinbase?

[Anonymous No.1689305]

>>1689205
both

[Anonymous No.1689310]

>>1688767
>yeah doesn't seem likely
not an argument, the pic actually has math behind it, what the fuck it's not saying it's gonna go to $800k for sure, but it will absolutely get 10k area

[Anonymous No.1689318]

>>1689310
doesn't seem likely the things will happen that's an old pic btw. quiet wishful.
>bitcoin replaces reserve currency
kek that's a good one
>gold holders divest 1% into bitcoin
it could even be more than 1% tho

[Anonymous No.1689326]

>>1689318
ahahaha fiat fags coping this hard

[Anonymous No.1689395]

>>1689326
i think you won the most idiotic post award today.
congrats.

[Anonymous No.1689406]

>investing in virtual internet money that can instantly become worthless if no one is willing to convert it to national currency, or governments ban its exchange for fiat money
LOL.

[Anonymous No.1689426]

BUY
THE
DIP

What is so hard about this?

[Anonymous No.1689428]

>>1689406
Tbqh if the Chinese banned bitcoin we would definitely see a huge crash

[Anonymous No.1689610]

>>1686498
>definition of money that it is legal tender
wrong.

The market choses what money is, no matter what governments want. Gold was selected as money by many ancient societies independently.

But you should do as your government tells you. Keep saving your legal tender dollars, let me know how that works out.

[Anonymous No.1689612]

>>1686728
just hold and accumulate more over time.

[Anonymous No.1689975]

>>1685805
>>1685807


Are you still here no coiner?

[Anonymous No.1690007]

Guys I've been lurking and have tried piecing together all of this. Has someone made a kind of primer for getting into Bitcoins?

[Anonymous No.1690125]

>>1690007
https://www.reddit.com/r/Bitcoin/comments/533fxl/rbitcoin_faq_newcomers_please_read/

[Anonymous No.1690128]

>>1689610
"Money, noun; a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively."

[Anonymous No.1690129]

>>1689610
let me know how trading a speck of gold for some milk goes

fuck head

[Anonymous No.1690232]

>>1685087
You can warm nocoiners all the want, but they'll never learn.

[Anonymous No.1690240]

>>1681374
isnt china dumping everything on bitcoin since their economy is going to shit ? also ive heard some xmr gossip. We should check how china is going and check inflation and austerity mesures they are planning.

[Anonymous No.1690250]

>>1690128
not really, because it would make old currency money, but try to spend some banknote that isn't in circulation for a 100 years now and buy some bread... sure some of them could actually have value for collectors but some chairs have value too so they are still no tmoney.

[Anonymous No.1690255]

1% coiners are about to find out what happens when no one wants your paradigm.

[Anonymous No.1690258]

>>1690129
actually i could totally see gold as currency working. especially the same way as card work now: put gold in bank account, spend fractions with the card, of course one could only redeem fixed quantities (coins and bars) of the physical gold usually but if you insist the banks main office also has gold sand and you can cash out completely.

[Anonymous No.1690271]

>>1690240
China is turning to bitcoin because of the government suppressing the Yuan.
And India is turning to bitcoin because their government is demonetizing and confiscating gold.

But these are pretty minor compared to what is going to happen once (not if) the Euro starts to really shit the bed.

[Anonymous No.1690334]

>>1690271
>But these are pretty minor compared to what is going to happen once (not if) the Euro starts to really shit the bed.
yeah that will happen any day now... wait retards have been saying that since 1999.

[Anonymous No.1690336]

>>1690334
News just came out today that European savings accounts are going to see their yields halved.

http://deredactie.be/cm/vrtnieuws/economie/1.2854955

http://www.standaard.be/cnt/dmf20161227_02646445

And bitcoin may very well hit 900 Euros later today.

[Anonymous No.1690358]

>>1690336
>News just came out today that European savings accounts are going to see their yields halved.
have you ever heard of deflation anon? nobody likes it but it happens.
as for bitcoin going up right now after going down and stagnating for so fucking long yeah that happens too. i'm sure it will happen later on bot falling and rising. silver went from $5 to $50 then back to $15 and falling and that's a pretty stable asset compared to bitcoin.

[Anonymous No.1690360]

>>1690336
Belgian here.
Savings account is already practically 0%. This is no big news. Has been like this since 2008. House market skyrocketed because of this.

[Anonymous No.1690362]

>>1690358
>savings account interest going down is just inflation bro

You know nothing about anything.

>>1690360
>Savings account is already practically 0%. This is no big news.
Read the actual articles.

This is about the remaining savings accounts that still had SOME yield left.

[Anonymous No.1690364]

>>1690362
inflation? the fuck are you talking about retard? in inflation yields go up.

[Anonymous No.1690367]

>>1690362
No savings account had any yield. Half of 0.5% (it used to be 3%) is still consider 2 times nothing.

So, this still isn't news

[Anonymous No.1690371]

>>1690364
Meant to say deflation, obviously since I was sarcastically quoting you.

>>1690358
>bitcoin going up right now after going down and stagnating for so fucking long
Somehow missed this gem.

What the fuck are you talking about, bitcoin has been steadily growing for the last 15 months.

>>1690367
>No savings account had any yield.
Read
The
Fucking
Articles

The links are right there, and they literally prove you wrong.

I'm just going to go ahead and call you a retard at this point.

[Anonymous No.1690376]

>>1690371
Jesus fuck. I'm a Belgian, i know 100s of people with savings accounts here. I know 100s of people with money here. I know how the consensus is towards saving accounts. I know how people think about savings accounts. I know which accounts they are referring too and it are crap accounts where 0.1% of people have an account.

It's no fucking news, ok

[Anonymous No.1690379]

>>1690376
>It's no fucking news, ok
Then how is it in the news, genius?

There were still savings accounts that had some yield left, and these are seeing their yields halved.

[Anonymous No.1690381]

>>1690379
Fuck you are irritating me. Belgium is 0.2% of the EU.

Some shit online banks lower their fucking rate. Some newspaper needs articles, so they publish this.

IT'S NOT IMPORTANT

[Anonymous No.1690382]

>>1690371
>What the fuck are you talking about, bitcoin has been steadily growing for the last 15 months.
i'm obviously talking about 2014-2016 may
what else could i be talking about?

[Anonymous No.1690389]

>>1690382
here is your illustration
when people say like shit "hurr i knew this was going up" they are lying through their asses.

[Anonymous No.1690394]

>>1690381
>the last shred of hope for savings accounts gets mauled to pieces
>"not important"

What fucking koolaid are you drinking, jesus christ.

>>1690382
>>1690389
Bitcoin started its current growth trend in early November 2015.

So when you said "Bitcoin going up right now", you were referring to a period of 15 fucking months.

[Anonymous No.1690395]

>>1690394
not really, the period i showed you on the pic is not really a part of this rally. especially if you consider the geopolitical changes.

[Anonymous No.1690398]

its funny how every time bitcoins goes up you always get the same people crying about how its about to crash or how its worthless meme money. youd think after the third or fourth time they would have the courage and conviction to make some money on it for themselves.

[Anonymous No.1690404]

>>1690394
when a currency is appreciating on it's own nigga you don't need positive yield for it to grow in value. the only thing that matters is what your account yields above inflation, when inflation is negative then it's okay to yield zero or negative. for you it's the same as a positive yield barely above the positive inflation.

please for fucks sake do some econ 101 or something!

[Anonymous No.1690405]

>>1690398
yeah and it's also funny how when bitcoin falls or even crashes the idiotic shills screaming incoherently about moon and saint satoshi the savior disappear under some moldy rocks.

[Anonymous No.1690408]

>>1690395
>not really
So pic related doesn't show a clear and steady growth trend starting even in September 2015?

How many meds did you forget to take today?

[Anonymous No.1690409]

>>1690404
>when a currency is appreciating on it's own
Did you forget we were talking about the Euro?

>Euro
>appreciating
HAHAHAHAHAHAHAHAHA

[Anonymous No.1690414]

>>1690408
it doesn't, because the fist raise is unrelated to the current rally, it was a simple correction as btc went into undervalued territory.
trends really changed later on. first because of the chinks getting shit second because of the indians and the chinks together.

it's not really a global trend change. for the rest of the world bitcoin is only a speculative asset that goes up and down and up and down.

right now i really see india as the most stable support for btc price tho. their situation created a perfect environment for btc to operate as an escape vehicle.

[Anonymous No.1690419]

>>1690414
You're talking out of your ass, obviously.

>the fist raise is unrelated to the current rally
Except for the fact that after each peak, the drop never goes down to the level before that peak.
That's what trend means: to go up and down, but with a consistent evolution.

I would honestly recommend that you lurk more. This is the most basic of the basic.

[Anonymous No.1690420]

>>1690405
true, but in that case nobody's making money. not like those skeptics are shorting bitcoin for their own gain, theyre just missing out on a whole new way to get rich.

[Anonymous No.1690421]

>>1690414
On a long enough timeline, their situation will be a global situation since goverments will get rid of physical money and bitcoin will be used to escape control.

[Anonymous No.1690422]

>>1690409
are you insane literally? you think the usd is a measure of the euro or vice versa?

the european market is a tiny bit bigger than the us market nigga. also the purchasing power grows when we are talking about appreciation.

i have to agree tho i have less and less faith in the official "basket" the use to measure inflation. it has been heavily manipulated for decades and they just upped their game. officially we are in a deflation, but there might be a hidden inflation in it. basically how assets services and merchandise changes their relative prices not in most peoples favor.

[Anonymous No.1690431]

>>1690421
>since goverments will get rid of physical money and bitcoin will be used to escape control.
yeah that trend is clearly visible. and that is why i start to believe in btc gaining territory in the traditional domain of gold.

not that btc will magically replace money / fiat the world monetary system no. but that it will be used for the wealthy to opt out of some stuff they try to force down their throats yes i can see that now.

[Anonymous No.1690433]

>>1690422
>you think the usd is a measure of the euro or vice versa?
Of course it is. The fuck are you on about?

Are you trolling right now?

[Anonymous No.1690450]

>>1690433
no you dumb cunt i'm not trolling.
inflation or deflation has little to do with relative strength of world currencies. if the usd is appreciating more it only means deflation in the us is worse than in the eu (which we already knew btw).

[Anonymous No.1690454]

>>1690450
Hey, I'm all for humoring people.

https://www.ft.com/content/aa0b49bc-9f58-11e6-891e-abe238dee8e2

>Eurozone inflation reaches 2-year high
"The Euro is deflating" he said.

[Anonymous No.1690459]

>>1688881
The hand has to last 10+ years if you want rich status. Keep buying ever dip too.

[Anonymous No.1690463]

>>1690454
well it looks like to be the long trend, of course everything has it's ups and downs i think it's wishful thinking that the eurozone is climbing out of deflation just yet.

we will see.

[Anonymous No.1690494]

>>1690125
Thanks

[Anonymous No.1690764]

>>1690463
The Eurodollar market has been collapsing since 2008 and is showing no sign of ever coming back. That and energy prices are the main reasons for the eurozone "deflation", that you can't see in the shops anyway. ECB can and will stop this meme anytime they want. The day they buy physical gold on the open market to "fight" deflation is when I would really flee into BTC if I was American - because that is when the Dollar is finally fucked for good.

[Anonymous No.1690764,1]

>>1681875
Based and Halvingpilled