/biz/ - Business & Finance

[Anonymous No.2632658]

>been on bitcoin since 2012
>held throught the $1200 to $150 MtGox crash
>bitcoin has only gone up on the big picture constantly finding new floors
>mfw newfags doubt the whole thing everytime it dips and panicsell
>mfw the rich get richer
>mfw suicides will ensue in 2020 as BTC reaches all time highs never imagined by newfags

[Anonymous No.2633309]

[Anonymous No.2633329]

>>2633309
requesting the 2011, $2 proudhon quote

[Anonymous No.2633335]

>mfw you are desprately making posts trying to stop people from selling their bitcoins

[Anonymous No.2633366]

>>2633335
>he thinks posting on this shithole has an impact on a mutli billion dollar market

How many dips have you missed?

Fun fact: Price grows so fast that this pic is so outdated already.

[Anonymous No.2633409]

>>2633329
Oh boy.

[Anonymous No.2633564]

>>2633409
top kek

[Anonymous No.2633591]

>>2633409
>>2633564
I think this is the dementia that nocoiners develop after seeing so many trains go by in front of their subhuman faces. We'll hit 10k and they will still be posting "lol coiners btfo" everytime it dips along the way.

[Anonymous No.2633617]

mfw same shit here only 2011

mfw i keep shorting eth and it keeps giving me returns.

[Anonymous No.2633677]

>>2632658
>Typical r/bitcoin post
Wheres your meme rollercoaster gif

[Anonymous No.2633923]

>>2632658
As someone who has just casually watched crypto over the past couple of years but didn't seriously invest until now... is it always like this here when crypto drops with weak hands freaking out? I truly believe in the tech and think it will be a competitor to gold and fiat one day, which means the market cap will still grow exponentially. Govts WONT shut it down (not like they could anyway) because they will lose the competitive edge to any other countries that readily embrace it. Just wondering your thoughts on all this op.

[Anonymous No.2634015]

>>2632658
The problem with bitcoin right now is the same reason companies have stock splits. The stock reaches a certain price and psychologically new buyers just feel priced out of the market. People log in to shitbaseex and see that bitcoin is $3k and litecoin is $30 and they buy 100 litecoin instead of 1 bitcoin. The only reason people still buy bitcoin and the only reason it boomed in the first place is because rich silicon valley fuckers had to buy into bitcoin to get their 1p-LSD microdose fix so they can keep up with their mkultra2 workload, and so whales can make arbi and pennystocks2.0 pumping and dumping altcoins on shit exchanges.

But since new buyers who don't have $200k plus salaries aren't buying in to bitcoin above $3k it won't get further than that ever. especially with replacements replacing bitcoin now there's no need for that slow ass shit.. iow sell that shit when you can and get in something new nd hot. once their are functional alterantive it will be worth less than the power to run the network.

[Anonymous No.2634143]

>>2633923
lots of people panic selling now because they bought in high thinking everythign was gonna tripple by end of month then dump it because they have to pay their credit cards next week.

and no, govts won't shut down crypto, because it is easier to track terrorists and criminals who use crypto than it is when they use laundered paper money. you think it is anonymous but anything that goes over the internet or computer is not anonymous to nsa.

also a little history lesson: the communist party of china when they read Marx at the beginning they thought that asia could skip capitalism and go right to the good stuff, that only the west had to go through capitalism to get better. so after china killed bazillions of people whose lives their revolution was supposed to improve, they said ok lets try capitalism for a bit now. and with the help of nixon and western industrialists they implemented reforms and markets.

The Communist Party of China literally created its own Capitalist class. There's a ton of people in china with a ton of money, and they're all pretty much complete idiots, but it still helps the society develop. However, the communist party set an expiration date on the capitalists right from the beginning. When the capitalist class is no longer useful to the communists and the development of china, the commies will simply purge the capitalist class and resinstitute full communism.

And here comes crypto. The commies will squeeze the capitalists with a bunch of law shit, to get them to transfer all their wealth in to crypto. Then the commies will implement their backdoors and firewalls and erase all the wealth of the capitalists in the middle of the night. the whole thing is a trap.

[Anonymous No.2634173]

>>2632658
So when are you actually going to take profits. You've already missed TWO (2) of the greatest opportunities in our lifetime. How many more will it be hodlcuck?

[Anonymous No.2634209]

>>2633923
They will try and shut it down, they will use the media to paint cryptocurrency as a tool used by criminals. They may even try and shut down websites that buy and sell it.

[Anonymous No.2634244]

>>2634015
Maybe right now. I think once bitcoin reaches a critical price (say $10k) normies might finally realize that bitcoins are not integers.

[Anonymous No.2634636]

>>2634244
doesn't matter. no one wants to handle 15 decimals points to make a simple transaction to buy a soda. people would rather work with whole numbers, because whole numbers are easier and most people are stupid as dirt. oh you miscounted your 22 zeroes and spent $1000 to buy a $10 thing, woops sorry no taksiebacksies on crypto.

bitcoin either needs to do a split and just double everyone's btc at half the price, or have some system that lets you work with btc fractions in whole numbers. or it never gets widespread adoption.

[Anonymous No.2634685]

>>2634636
Couldn't you just do like a virtual split where you started measuring things in mBTC's? That could be the price listed on stores, exchanges, etc... People aren't that dumb. They buy fractions of gold/silver ounces.

[Anonymous No.2634723]

>>2633923
Now is the worst time to get in. it's going to plummet. Sell what you have and buy in at a lower price

[Anonymous No.2634762]

>>2634685

It will just be in FIAT dollars, with the bitcoin amount under it. This is a non issue.

[Anonymous No.2634809]

>>2632658
Bitcoin is only dumping because people are trading their ETH for BTC, then selling the BTC.

[Anonymous No.2634848]

>>2632658
>Bitcoin goes up
FUUUUUUUCK WHY DIDNT I BUY
>Bitcoin goes down
HAHHAHAHA I TOLD YOU SO!

[Anonymous No.2634924]

>>2634809
This. If btc goes below $2000 it will be only briefly.

[Anonymous No.2635049]

Should I buy bitcoin now? how low will it go?

[Anonymous No.2635104]

>>2635049
some say 1800, my guess is more around 2000

[Anonymous No.2635117]

>>2634143
That's some batshit insane rant right there.
Do you realize that your "capitalist class" are basically the people controlling the party ? The CPC at this point are oligarchs.

[Anonymous No.2635142]

>>2634848
When I first heard of ETH it was trading aroudn $30/40. I feel a little justified since it crashed $150 in the last 3 days but at the same time, even if I had bought in $100 back then, I'd have $1000 right now (if I had sold at $300). Fuck me.

[Anonymous No.2635149]

>>2634848
Basically every fucking weakhanded "IMMA GET RICH QUIK" newfags on this board ever

[Anonymous No.2635168]

>>2634723
From what I've seen a repeat of 2013 where it was a slow gradual decline for a couple years seems possible. But I'm in this for the long term (10+ years) so whatever. Maybe I could buy more for a little cheaper if I wait, but thats a risk in itself.

[Anonymous No.2635185]

>>2634209
They wont. They will end up closed off and isolated to their detriment if they do and the world will leave them behind. The only thing constant is change amd those who dont adapt die. Imagine old world china or n korea.

[Anonymous No.2635223]

>>2635142
Don't think like this, it's pointless. I sold 200 at ~13 during the DAO meltdown, missed out on 70 grand. Dwelling on these mistakes will kill you

[Anonymous No.2635227]

>>2635168
I really doubt this.

[Anonymous No.2635237]

>>2634143
Is this an excerpt from your US History summer school class or what?

[Anonymous No.2635282]

>>2634143
Criminals dont use bitcoin, they use XMR.

[Anonymous No.2635308]

>>2635282
most of them use bitcoins
t. criminal with criminal friends

[Anonymous No.2635342]

>>2635227
Thats why Im investing now. There was a 700$ dip. That's good enough for me and I'll see you in half a decade.

But Im curious. Why don't you see a repeat of 2013?

[Anonymous No.2635353]

>>2635308
Well the ones that end up in jail use bitcoin. The freedom loving ones, dont.

[Anonymous No.2635376]

I'm just hoping my altcoin holdings go up with it (or retain the same proportional value of bitcoin)

[Anonymous No.2635412]

>>2635353
really? i've been buying cc info for almost 5 years with btc now. you'd think after 5 years of credit card fraud they'd catch me then, no?

[Anonymous No.2635429]

>>2634636
>tfw we might be doing transactions in sats, and someone who owns 1 BTC will be nobility

[Anonymous No.2635443]

>>2635412
What race are you?

[Anonymous No.2635452]

>>2632658
So is BTC going up again? Double bottom is right?

[Anonymous No.2635521]

>>2635443
nice try

[Anonymous No.2635542]

>>2635521
you're a piece of shit lol

[Anonymous No.2635562]

>>2634809
Considering anyone holding ETH is a fucking moron that could be the case.

Watch them buy BTC at $5000.

[Anonymous No.2635588]

>>2634143
>>2634015
Low IQ posts.

>>2633923
That is the case. Anyone that knows about game theory knows that there will always be bitcoin-friendly countries, and those countries that ban bitcoin are giving the bitcoin-friendly countries a lot of power, since when BTC is worth 6 to 7 figures in a decade and millonaires want to buy a house, they will go on these countries and they will get all the tax revenue.

[Anonymous No.2635625]

>>2634636
>implying wallets aren't ready to change the value to mBTC to accomodate easily readable prices for when BTC owners are the ones that will cuck your dumb ass

Seriously kill yourself. You are not going to make it.

[Anonymous No.2635678]

To me, the biggest threat to bitcoin is another coin at this point. It's obvious crypto will continue to grow, but will another coin take BTC's place?

[Anonymous No.2635976]

honest question - is it ok to keep all of my $150 of coins in bittrex, or should I put some in a cold wallet? What's a good wallet to use?

t. noob