/biz/ - Business & Finance

[Anonymous No.31654]

Bitcoin general? Bitcoin general.

[Anonymous No.32343]

Any idea why the price crashed? It almost makes me glad I got most of my money out as soon as it hit $800 the first time (getting much more out than I put in).
>inb4 it crashed because imaginary money
I'm wondering why now? Why this week?

[Anonymous No.32447]

>>32343
Mt. Goy... er... gox... heh... fucked everybody

[Anonymous No.32471]

>>32447
Oh, so the same story as the last ten times it crashed. This is why I use Coinbase.

[Anonymous No.32492]

>tfw have 40 stablecoins from mining while I was asleep for a short while in December
>they are down to like 2 cents per coin

We need to all buy some of these and shill them to high hell. I kind of want to set up an online poker/blackjack site that uses SBC as the means of gambling, although then I'd probably get raped by feds.

[Anonymous No.32507]

[Anonymous No.32543]

Anyone know a way to get BTC via credit card fraud?

[Anonymous No.32565]

>>32507
>Bitcoin is not anonymous
Pic related.
It's pseudonymous, and changing pseudonyms looks similar to actual transactions though, so it's closer to anonymity than most online payment systems. Close enough for drug dealers to be mostly safe.

[Anonymous No.33286]

Bitcoin is a fucking joke.

Someday someone, probably Google in their mad quest for total world domination, will establish a stable cryptocurrency that will gain wide acceptance. Bitcoin is not that cryptocurrency.

[Anonymous No.33905]

bitcoin is king, $10k in 2014

[Anonymous No.33932]

>>32507
>/POL/ WAS RIGHT AGAIN!

[Anonymous No.34038]

>>32507
this fat kid did not invent bitcoins only mt gox

[Anonymous No.37094]

>>34038
image seems to disprove that

[Anonymous No.37629]

>>32507
>he's jewish
>therefore EVERYTHING IS FUCKED/ITS A CONSPIRACY WOO WOO CALL THE FRAUD POLICE

>>/fuckoff/

[Anonymous No.39629]

>>37629
how mad

[Anonymous No.39985]

damn from $660 to $230, more than 50% crashed

but should be a good time to get hold of bitcoins

[Anonymous No.40044]

Friendly reminder that any website that closed its btc withdrawls had its entire escrow stolen due to a vulnerability within bitcoin's code

The safest place for your btc is in doge form in your wallet

[Anonymous No.40101]

>>33286
>a stable cryptocurrency
How the fuck do you think currency stabilizes?
People use it.


Did you ever see a problem with silk road when they only took bitcoin? no, because they were actually using the currency instead of just trading it.

[Anonymous No.40110]

So now btc has dropped, what's the best cheap, quick and easy way to invest a few bux in it?

I wish this general had as much info as the doge one.

[Anonymous No.40112]

>>40044
>due to a vulnerability within bitcoin's code
what exactly was that vulnerability?
How was it exploited.

[Anonymous No.40126]

>>39985
http://bitcoinwisdom.com/
Mt Goy is dead. All the other sites are still at the 600 mark.

[Anonymous No.40197]

>>40126
so i f people sell now they still get $600?

[Anonymous No.40215]

http://www.investing.com/news/forex-news/bitcoin-plunges-50-on-mt.-gox-to-hit-usd230-as-troubles-continue-266646

not sure if bitcoin recovered or if has not corrected yet

[Anonymous No.40238]

>>40197
Unless you're a shabbos goy using mt gox.

[Anonymous No.40261]

>>40238
You should be buying on mt. gox, goy. Then you will triple your shekels when they are back to normal.

[Anonymous No.40422]

>all these bitcoin psychopaths sticking their heads in the sand and sweeping MTGox under the mattress

Yeah, that'll work won't it

Two scenarios that will happen -

>MTGox folds completely - bye bye investor confidence, bye bye bitcoin's future!
or
>MTGox finally opens withdrawals
>fuck tons of $200 or less bitcoins hit the arbitrage market that now exists between MTGox and the other exchanges, causing a huge fucking crash and an eventual equilibrium somewhere in the middle - or even less

Either way Bitcoin is screwed

[Anonymous No.40492]

I've been warning ppl to stay out of Mt.Goy for months now.

[Belgian Dentist No.40520]

>>40492

Thank you

[Anonymous No.40550]

>>40261
Yeah buy BTC on MtGox that you will never be able to withdraw when the price gets high again

[Anonymous No.40561]

Im surprised that nobody has just straight up robbed an exchange, Heat style.

[Anonymous No.40565]

>>32492
>I need something, so we all need it!
Fuck off nigger, /biz/ isn't your personal shillbot

[Anonymous No.40568]

>>40550
Why would it get high if you can't withdraw it, nerd?

[Anonymous No.40607]

>>40568
Yeah, i could give a lengthy explanation here but then again, i'm a nerd and you're alpha so why should i even bother.

[Anonymous No.40653]

>>40607
You're just taking a potshot, m8. You know full well that for it to get high on mtgox people would need to be able to withdraw.

[Anonymous No.40939]

>>40422
What's actually going to happen is the same thing that happened last time they closed withdrawals. They're going to refuse to honor any trades made at too low a price, reverse them, and then reopen.

[Anonymous No.40969]

Can someone help me with my wallet. I have my miner working with my worker, I am using vertcoin.

How do I know that when I successfully mine a vertcoin it will get transfered into my wallet?

[Anonymous No.41096]

is bitcoin dead?

[Anonymous No.41105]

>>41096
1 bitcoin is $700, no

[Anonymous No.41209]

>>41096
1 bitcoin nearly less than $200, so yes almost dead

[Anonymous No.41248]

>>41209
On one exchange...
With no volume...

[Anonymous No.41610]

>>37094
>image seems to disprove that
Yea, because someone made that image specifically to do that.

Too bad it isn't actually true at all.

I've been part of the Bitcoin ecosystem for a long time, and I can promise you that Mark Karples is a fucking nobody who lucked out, just like me.

[Anonymous No.41625]

>>40112
https://en.bitcoin.it/wiki/Transaction_Malleability

Its been known a long damn time.

4chan makes me so frustrated... no matter how much you tell the truth, 10 more fuckers pop in with some uninformed opinion and start spouting garbage.

[Anonymous No.41655]

>>41209
>200 is near dead
>10x their ytd price
lol you idiot

[Anonymous No.42231]

>>32343

It was hovering around 800 on normal exchanges and over 900 on Mt. Goy.

Mt. Goy then claimed that they were "hacked" due to "flaws" of bitcoin and stopped accepting withdrawal requests.

Promoted panic, value's dropped, moreso on Mt. Goy.

Right now the value on every real exchange is around 600 while Mt. Goy is like 250.

Mt. Goy, being absent of the rules of withdrawal are buying up everyones bitcoins on their exchange and then selling them at Bitstamp, BTC-e and Huobi: litterally buying 1BTC and selling it for over 2BTC.

This in the shortrun will fix their solvency problems or it will just be to cash out.

>>32507

Go back to /pol/ if you don't understand how domain registry works. There was no such thing as a site called "bitcoins.com" back in 2000 only to wait a decade to actually start making bitcoins. Mt.Gox is not Satoshi. Everyone already knew that blockchain information was public and that the confidence building part. It proves that the network is valid and no one is inside the network withdrawing coins.

[Anonymous No.42539]

>>42231
good info

[Anonymous No.42817]

>>41209
you are patently wrong.

[Anonymous No.42848]

LITECOIN FTW

[Anonymous No.42918]

>>37094
you certainly are swayed easily by simple propaganda. let me guess, you vote in national elections on electronic voting machines.

[Anonymous No.42934]

>buttcoin in charge of not getting ASSBLASTED today

[Anonymous No.42951]

For your miners out there, here's a link to the best alternative crypto pool out there!

http://bitember.com

[Anonymous No.42970]

do you guys think the price will jump back up or is bitcoin kill?

[Anonymous No.42967]

>>42231

Then wouldn't the price on the other exchanges be lowered to around 300 as well?

Is mt. gox really taking that much advantage of investor stupidity? How can they generate all these buy orders if they're under indictment anyway?

[Anonymous No.42979]

>>42231

wouldnt the other exchanges know it was them selling a ton though?

[Anonymous No.42986]

>>42970
It'll go back up eventually.

[Anonymous No.42998]

>>42970
MtGox will go back up rapidly when they start allowing withdraws again. The others will go back up the bit they dipped when MtGox goes up.
The price in general will have another huge surge in the next six months or so.

[Anonymous No.43022]

>>42998
Mt. Gox won't even exist soon. The jig is up.

[Anonymous No.43049]

>>32507
/pol/ was right again!

[Anonymous No.43082]

>>40422
literally nobody puts any stock or credibility on mtgox nor has for over half a year now.

[Anonymous No.43114]

>>42934
key point. 'today'

Obviously its time to buy

[Anonymous No.43135]

>>42979

everyone right now is too greedy to care

>have thousands of other people's bitcoins
>go to other exchanges
>artificially inflate price with ask order of +0.1% for .001 coins every few minutes
>trade between different wallet addresses you own
>dump large amounts of coins at highest bid when price goes thru the roof
>repeat over and over again until you basically own the market and move the needle however you want

[Anonymous No.43235]

>>33286
Google has already done this. Google Ventures invested heavily in Ripple late last year. Right now they are in the process of integrating with large banks. Ripple XRP is pre-mined and most of it is owned by corporations but it is the least volatile and least likely to go away because of the actual Ripple protocol.

[Anonymous No.43254]

i wanna send money to gox to pick up bitcoins cheap.

should or should not?

[Anonymous No.43287]

>>43235
Is it true that Ripple has the second highest market cap of any crypto-currency? How come not many people have heard about this coin?

[Anonymous No.43312]

>>43287
That is because it is still technically in "beta". Ripple is waiting to be aggressive in it's marketing after they establish a greater China connection. They don't want it to boom too prematurely.

[Anonymous No.43308]

>>43235

>Ripple XRP is pre-mined and most of it is owned by corporations but it is the least volatile and least likely to go away because of those same corporations asking governments to make illegal every other crypto currency and exchange except Ripple in exchange for Rips which will be worth a fortune if monopolized

ftfy

[Anonymous No.43316]

My doctor was telling me how the bitcoin is going to be big soon, I laughed at him.

[John Conrad !EzkoMyF6WU No.43328]

>>32507
Good thing based Cody Wilson, the guy who made the liberator pistol is developing Dark Wallet to combat any attempt to track users.

On my phone, google it faggot

[Anonymous No.43333]

I looked into it because I liked the idea of buying pot brownies, but the necessary setup is too convoluted. Someone needs to make a single click app for buying, storing, and spending bitcoins.

[Anonymous No.43353]

>>40238
>>41209
unless bitcoin goes single digit dollar value i would dare not call it dead

[Anonymous No.43366]

i still don't understand how mt gox can be trading for 200$/coin while everyone else has bitcoins for 600$/coin.

cant i just go on mt gox and buy them there then sell them somewhere else and make triple bux?

[Anonymous No.43394]

>>43308
I am not too sure about that. Look to Ben Bernake if you want to assess government acceptance of crypto-currency in general. It seems (at least with the US government) that they accept Bitcoins and also lesser altcoins to a certain extent. The Ripple protocol is such that it integrates pretty well with Bitcoin and doesn't actually rival it. Governments like the US (and the US treasury in particular) are looking for ways to hedge against the inflationary mess that they got themselves into. It's no mystery that in 2009 when talks of global currency were engaged in was the same year that Bitcoin was released. The next global currency is inevitably going to be a crypto-currency. Consider those ramifications and it begins to get scary....

[Anonymous No.43380]

>>43366
A little critical thinking could help

[Anonymous No.43435]

>>43366
No, because you can't actually pull any bitcoins out of MtGox to send them anywhere else. That's why they're so much lower.

[Anonymous No.43447]

>>41248

>With no volume

It's showing a very high volume actually.

[Anonymous No.43500]

>>43380

j-jews did it?

>>43435

then how is mt gox able to still do trades and move the price up and down if no one actually has bitcoins there?

[Anonymous No.43550]

just verified my account on coinbase

that shit was creepy

[Anonymous No.43545]

>>43500
I don't think you understand how exchanges work.
You have a MtGox account, in that account are stored a certain amount of usd, and a certain amount of BTC. You can buy btc from other people's accounts using your usd. You can sell your btc for other people to buy with their usd. You can send money to your account from either a bank account or a bitcoin wallet. You just can't send money from your account to your bitcoin wallet or your bank account.

[Anonymous No.43565]

>>43550
Why? Do they not do it the same way Paypal does? Or is this liek google accounts where I've had one for forever, and now you need all sorts of crap to sign up for one that I never gave them?

[Anonymous No.43579]

>>43565
*like
I can't type.

[Anonymous No.43595]

>>43565
it asked me questions like do you know any of these following people and what state did you live in from 93-95, but it already knew the answer i needed to pick

[Anonymous No.43616]

>>43595
Were those, by any chance, your password reset questions for your bank?
Because if so, they need those, you set them in the first place, and you really should change them to something more secure than that.

[Anonymous No.43610]

Who else /pickingupcheapcoins/ here?

[Anonymous No.43614]

>>43545

thank you its a bit confusing but i think i understand better, but that still doesn't explain why a bitcoin in a mtgox wallet is 3 times as cheap as a bitcoin in another wallet

are people just selling off bitcoins because they think mtgox doesn't have their money anymore?
>You just can't send money from your account to your bitcoin wallet or your bank account.

[Anonymous No.43635]

>>43614
>are people just selling off bitcoins because they think mtgox doesn't have their money anymore?
Basically. This happened the last time Mt Gox stopped letting people withdraw their money too.

[Anonymous No.43643]

>>43616
no they werent

[Anonymous No.43657]

>>43643
Huh. That is weird then. I'm glad I didn't have to do that when I verified.

[Anonymous No.43660]

>>43614
Either it's because they think the price will keep going lower until withdrawals resume (a kind of hot potato game that is going to end soon), or that mtgox is somehow going to go out of business, and it would be easier to get money than bitcoins back.

Honestly, anyone with less than 10K in mtgox should just buy bitcoins there. Easy money, low risk.

>>43595
Those questions are to confirm your identity. Some credit cards have them as well when you open an account. Or basically anything to do with lines of credit.

[None !ZiaS9BRODY No.43719]

Ask someone who has 0.005 Bitcoins anything.

[Anonymous No.43737]

>>43660

hmm seems like the 1st one would be more likely if mtgox is just raking in bitcoins that are still worth 600$, unless its mtgox itself that is selling off most of the bitcoins?

[Anonymous No.43784]

If Buttcoins rebound back to 1000 after Gox goes back to normal I will lose all faith in this not being just one big Ponzi scheme.

Those 100 or so people with the majority of all the coins must feel like fucking Jordan Belforts right about now.

[Anonymous No.43870]

>>43784
Why would they not go back up, maybe not all the way to $1000 right away, but to the $800 or so they were at before Gox closed withdrawals? The only reason the dropped was because of MtGoy fucking up yet again.

[Anonymous No.44089]

Satoshi is still trading at $600 USD per BTC.

Cash them in there because everywhere else is crashing and burning.

[Anonymous No.44108]

BTC is dead.

Only way people will jump with money again if it drops drastically down to a $1 or so per coin.

Perhaps this is for the best, because there was too much speculation for commercial use in e-commerce.

[Anonymous No.44345]

>>43870

The only reason they were up that high in the first place is a LITERAL CABAL of rich speculators who started buying up bitcoins and mining datacenters, driving the price as high as they could, selling to their rich friends and roping in more paranoid libertarians before everyone realized that an imaginary internet dollar with an arbitrary max amount is not valuable except to criminals and shut-ins.

[Anonymous No.44386]

>>44108
>$1
>we were at $1200 2 months ago
hahahah

[Anonymous No.44387]

>>42848

>LTC

>Relevant

Lel, LTC holder detected, moving his arms to prove he's not dead and forgotten.

[Anonymous No.44452]

GUYS GUYS, SHOULD I BUY SOME LITECOINS NOW?

[Anonymous No.44606]

>>44452
I wouldnt buy bitcoin or litecoin. Too volatile. I personally have replaced most of my bitcoin with Ripple XRP like a month ago

[Anonymous No.44633]

>>44606

I just pulled the last $700 out of BTC today and put it into XRP.

The people at Google are goddamn sharp. I'm going to trust their version of cryptocurrency over crazy libertarians and BTC.

[Anonymous No.44693]

>>44606
>>44633
>Shills shilling at shills.
Pic related.

[Anonymous No.44769]

>>44693

For real.

Fuck BTC. No one is using it.

It did not survive the regulatory challenges in China and Russia, it has structural systemic flaws and the exchanges do not inspire confidence.

Nah, I'm going to get behind something a little more sound.

[Anonymous No.44780]

I just bought RUR on BTC-E... but shit ain't moving, the chat box said it was a good investment...

$500 in

[Official Wrinkle Face™ creat(...) No.44789]

>>44693
haha! I'm a bit of a troll, if I don't say so myself ;3

[Anonymous No.44793]

>>44606
>>44633
From the 'pedia:
>Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were gifted to Ripple Labs. Ripple Labs intends to distribute 55 of that 80 billion XRP to charitable organizations, users and strategic partners. Ripple Labs will retain the remaining 25 billion.

I don't understand. Is XRP for investors, for vendors, or for avoiding wire transfers?

[Anonymous No.44799]

>>44769
>40m daily volume vs ripples 80k daily volume

pls go

[Anonymous No.44804]

Anyone following Bitcoin will realize we are at the very edge of the "return to 'normal'" phase and about to enter the Fear/Capitulation stage.

How far the fall will be I can't say. But for anyone who missed the boat last fall, I would heavily advise against putting all your chips in bitcoins right now.

[Anonymous No.44805]

I bought $6000 worth of Bitcoin at $12 and traded/gambled my way up to around 2100 BTC. I lost it all on April 10, 2013 (worth around $450,000 at the time, and over 2 million at it's highest price since). I then proceeded to lose my mind, I maxed out all credit cards, spent around $40k total, wasted all of it on Bitcoin, gambled every last cent of it away. Since then I have filed for Chapter 7 bankruptcy, become addicted to meth and heroin, lost my fiancee, not to mention narrowly avoiding being charged with 5 counts of grand larceny for check fraud. The idea of having owned that much money once, and then losing it all has destroyed me completely. And I have made the exact same pity posts as you (see here: http://www.reddit.com/r/IAmA/comments/1ch7wb/starting_with_almost_nothing_i_made_almost_500000/)), in search of something, anything that will ease the pain, or maybe in some vague hope that someone rich will just give me a bunch of money. But the reality is that this "community" is only there for you when we're all making money and sucking each other's dicks. After you fuck up, nobody in this world gives a FUCK about you.

I have nothing but absolute hatred in my heart right now, for the owner of Bitzino, that subhuman piece of filth, Libertaad. I wish nothing but the worst that life and death has to offer him. I want him to get bone cancer. And I want all his relatives to die before he does.

Here's a fucking bitcoinfession for you: it's coming close to my 1 year anniversary. This April 10, 2014 I will blow my brains out.

[Anonymous No.44813]

>>44633
Those were my thoughts exactly. XRP has a LOT of room to grow. Considering that so far there is only 5000 or so unique wallets for XRP and BTC has an estimated few hundred thousand, Ripple will continue to expand through 2014 and 2015. Even if BTC doesn't become stagnant and returns to the $1000 mark the returns will be minimal compared to XRP breaching a dollar (or at the most aggressive estimates $100 USD within the next couple years). The time to get in is now.

[Anonymous No.44814]

>>44804
>basing your stock market ideas off a troll image

[Anonymous No.44827]

>>44805
At least you learned and hopefully won't make the same mistake again.

[Anonymous No.44871]

>>44793
The ripple client is for avoiding wire transfers and having the speed and convenience of transferring and paying money in any currency instantaneously. XRP (which is Ripples form of crypto-currency) is used to facilitate the Ripple protocol but also for investors. It in no way threatens bitcoin but is meant to work alongside of it.

[Anonymous No.44872]

>>44799

>Daily volume

Volume of what exactly?

Commerce? 99% of that is circulation through the exchanges.

XRP is kept low-key intentionally. Don't worry, by the time it is ready for commercial consumption, it will be the major global cyrpto.

[Anonymous No.44896]

>>44804
>Fear/Capitulation stage.

This is where I buy in.

[Anonymous No.44897]

>>44813
What's the deal with XRP?

[Anonymous No.44914]

>>44805
>hating the casino you blew your dosh in

haha, get fucked asshole, you knew the deal, you got greedy

[Anonymous No.44920]

>>44804

Do you even understand why BTC grows in value you fucking tard?

The explosive growth of the last few months was caused by a frenzy of cash flowing into the market.

What reason would people have to start pumping their money into BTC again?

[Anonymous No.44941]

is this a suitable place to talk about silk road stealing all my bitcoins?

i lost $400. what a bummer.

[Anonymous No.44947]

>>44805
Lost it all? Then you have nothing to lose.

Correct me if I'm wrong, but having nothing to lose seems like an odd sort of commodity.

Don't waste it. Embrace it.

[Anonymous No.44962]

>>44941
Haha. Oh man Silkroad. You should have known that was a sinking ship. But in all seriousness I still feel for you

[Anonymous No.44988]

>>44897
Look it up. Very few people know about XRP even though it has a market cap that is already creeping on BTC. Considering total volume, it is the second most valuable crypto-currency and will continue to rise.

[Anonymous No.45001]

>>44814
If you think it's a troll image, then you are still stuck on thinking it's the new paradigm.

I'll save you some heartache. Bitcoins are not a substitute for fiat currency and are vastly overpriced even based on the assumption that Bitcoins will continue to be the number 1 crypto-currency, let alone a future number 1 currency.

If you wanted my best guess, I'll go ahead and say it will be back to 100$/btc by May. Though it could easily rebound anywhere from 1-1,000 in between that time.

[Anonymous No.45067]

>>44947
I think you missed the part where he mentions that he's in (at least) 40k worth of credit card debt, lost his fiance, became addicted to meth and heroin and had to file for bankruptcy.

"Look on the bright side, at least you can't sink any lower" isn't the kind of advice that's going to keep him from choking down on the barrel of a gun come April.

[Anonymous No.45080]

>not buying RUR on BTC-E

This is the next big coin losers :)

Wolong about to pump it to the moon! LAST FUCKING CHANCE TO GET ON THE RURCOIN TRAIN

[Anonymous No.45091]

>>44633
>The people at Google are goddamn sharp.
So is Google associated with XRP/Ripple?

This would be enough reason to switch over

[Anonymous No.45097]

>>44805

How did you lost it all in April last year?

How does that even happen? Did you lose your wallet or something?

[Anonymous No.45103]

>>45091
Google Ventures is its main investor. They have already dumped millions into it.

[Anonymous No.45128]

>>45097
No he gambled it all away.

[Anonymous No.45114]

>>44941

I don't care for druggies. Might as well have sent your local narco cartel the $400.

[Anonymous No.45117]

>>45080
tl;dr - I bought RUR on a peak and I lost my ass

[Anonymous No.45122]

>>43022
if it collapses, price rises
if it reboots, price rises

Only staying like this could depress the price for long, and even that will fade.

[Anonymous No.45148]

>>45103

I haven't exactly been able to find any news on what Google's exposure to Ripple has been.

Got a source anon?

[Anonymous No.45172]

>>45128

I still don't get it.

To lose 2000 Bitcoins, you literally have to sit in front of the monitor and keep clicking on losing trades at rates lower than what you purchased your coins for..

There's a very good reason we have a 1% and a 99%. Most people do not have the intellect or cunning to manage money.

[Anonymous No.45192]

>>45172
Have you ever been to a fucking hot-shot casino? It's the same fucking thing

[Anonymous No.45205]

>>44920

Bitcoins are meant to be deflationary and have the "Goldbug" mindset of there being an artificially limited quantity that makes each bitcoin more valuable by the day.

The problem is the same problem Gold has. There's no real application that another newer or better metal/crypto can't do; and there is no real value in owning it besides being a hedge against other more popular systems of trade.

Bitcoins, just like Gold, have no meaning besides being "shiny and rare." Bitcoins arn't even shiny since they don't exist in physical reality and can easily be replaced by something less rare like dogecoins without losing any true value.

Although I will admit that getting rid of transaction speed and transfer fees are valuable ideas in and of themselves. But that isn't something Bitcoin exactly cornered, as you can see by systems like Paypal and the numerous cryptocoin clones that pop up seemingly every day now.

[Anonymous No.45229]

>>45205
Just like space cash.

[Anonymous No.45239]

>>45117

What is RUR?

Russian rubles?

[Anonymous No.45246]

>>45148
>I haven't exactly been able to find any news on what Google's exposure to Ripple has been.

You couldn't find any information about google using...google i presume?

...maybe you should think twice about investing in it then.

[Anonymous No.45247]

>>44988
Market cap is so artificial for XRP. The creators own the vast majority of it, and most XRP cannot be spent. There's also no good reason why XRP is worth much at all. It shouldn't be used as a currency.

[Anonymous No.45248]

>>45148
>http://www.coindesk.com/google-ventures-invests-in-bitcoin-competitor-opencoin/

Also if you go on the google ventures website it shows $2.5 mil total investment so far into Opencoin (Ripple)

[Anonymous No.45258]

>>43082
>literally nobody
>3000 post thread on forum from people who can't withdraw money
>literally
>nobody

I don't really understand why people in this thread are using this sort of language.

Mt. Gox is a huge part of the bitcoin ecosystem. Maybe it won't be for long, but it's nonsense to claim that "literally nobody" uses it.

[Anonymous No.45278]

>>45205

Agreed. The only chance Bitcoin had was being used as a system of payment in e-commerce, as a replacement for PayPal or similar.

But it is fundamentally flawed in that respect because of the inability to conduct chargebacks, thus no major commercial vendors could employ it within their e-commerce systems.

Ripple solves that problem.

And as soon as I saw Dogecoin gaining in popularity, I knew BTC was toast.

Thank goodness I only lost $2,000 in Bitcoin.

[Anonymous No.45293]

>>45246

That kind of information isn't exactly in the public domain padre..

I'm looking to find out what the extent of Google's investment in XRP is.

[Anonymous No.45296]

>>44804
christ, you could apply that image to the 235-50 burst that occurred months prior. Same with the 1100-380 nosedive.

babbies first economics class

[Anonymous No.45306]

>>45247
>Market cap is so artificial for XRP
Agreed. But the current price is determined by how well it trades on the exchanges.

[Anonymous No.45308]

>>45067
I'll admit it was a "bright side" post, but from what I understand, Chapter 7 bankruptcy means his property/assets are sold to cover some of the debt, and the rest is effectively cancelled.

I wasn't trying to cheer him up. I was trying to convince him that suicide is boring.

[Anonymous No.45309]

>>45247

Actually, the central control is what will give XRP stability, and actually allow it to be used to finance transactions.

Instead of being held by predatory investors and the processing power delivered by shady mining pools..

XRP sounds much more promising. Bitcoin is not a mature product.

[Anonymous No.45321]

>>45172
He didn't make losing trades, he lost it all playing online poker.
And he blames bitcoins for that.

[Anonymous No.45333]

>>45239
http://en.wikipedia.org/wiki/R.U.R..
Robots, Anon. Robots everywhere.

[Anonymous No.45336]

>>45321

Lel, really?

Haha, then zero fucks given.

I recommend a .45 caliber pistol for suicide.

[Anonymous No.45391]

>>44805

So you lost $6000? It's hardly worth blowing your brains out over.

[Anonymous No.45399]

>>45336
Harsh. Have a liiiiitle compassion

[Anonymous No.45413]

>>45336
Yeah it's a repost from reddit. He was up quite a bit when the April 2013 crash was starting and because he couldn't sell off his coins he blames mtgox for his loss (partially anyway, in some of his other posts he's more willing to take responsibility for being a fuck up, especially the ones where he's more openly suicidal which he seems to waver back and forth from during bouts of extreme anger and frustration). He says that because he couldn't sell he decided, what the fuck and decided to have one more go with the online gambling (he had already hit his peak by this point and had lost some, but not all of his money). From there he wound up losing everything he had on a string of bad calls on blackjack. Once he ran out of btc he panicked cashed out a student loan he had set up for his next semester tuition and then lost all of that as well.

[Anonymous No.45454]

i would be sleeping in fiat if i was you guys

trend is still down look at the 2h chart, we still going down

[Anonymous No.45455]

>>45413
Oh and it should be mentioned that part of the reason he panicked was that because he was playing online blackjack and was just making red/black bets he was able to max out his bets and lose everything in record time. According to him he actually burned through all his money in less than a minute (he kept betting on red but got something like 10 blacks in a row).

[Anonymous No.45479]

>>45413
And he expects sympathy for the fact that he threw away 2k of his monies on blackjack. Ha.

[Anonymous No.45497]

>>45455
After he kills himself, we should nominate this guy for a Darwin award.

[Anonymous No.45522]

>>45455
the fuck are you babbling about?

[Anonymous No.45546]

>>45455
>blackjack
>making red/black bets
lolwat

[Anonymous No.45704]

>>43719
why not more

>have 82.6
>met a guy with 2400

[Anonymous No.45723]

>>44872
> 99% of that is circulation through the exchanges.
and forex is...?

[Anonymous No.45811]

>>44814
>>44896
>>44920
>>45296
>christ, you could apply that image to the 235-50 burst that occurred months prior. Same with the 1100-380 nosedive.

You could, but it's better to base it off a longer time span like a year or two so you don't miss the forest for the trees.

oc related

[Anonymous No.45882]

Every six months, it's the same thing. Like clockwork.

[Anonymous No.45942]

>>37094
the who.is records for bitcoin.com and mtgox.com is very suspect. also that the guy lives in japan. it would be very easy for him to setup the satoshi persona. the protocol itself it likely designed by someone else.

[Anonymous No.45958]

>>45811
>>45882

Which merchant do I trust?

[Anonymous No.45992]

>>45958
The only difference is that the black one is being measured on a log scale, so it measures changes in price as they relate to the total price at the time, instead of on a linear scale.

[Anonymous No.45996]

>>44387
i thought people were uptrading doge's to litecoins to buttcoins?

[Anonymous No.46004]

>>45942

Even if Karpeles isn't Satoshi, based on the evidence itt I would bet a million internetbux that he either knows the real identity of satoshi or is working for or with him/them.

[Anonymous No.46023]

>>46004
maybe the original owner did...

[Anonymous No.46137]

>>45882
So it's going to be a huge dip followed by a huge gain or is this just wishful thinking?

[Anonymous No.46177]

>>45811

>implying bitcoins arn't actually a new paradigm and we're still going up on a line that won't be visibly going up til a few years in the future when the price hits 6000

is your last name stein or berg by any chance?

[Anonymous No.46189]

>>46137
it's gonna skyrocket again. The worst is not yet over, but by August it'll be at about 1,300 USD again.

[Anonymous No.46204]

>>46137
We had a huge gain. Now it's being followed by a huge dip. After this, it will come back up to not quite where it was, stay there for a few months, and then we'll see another huge gain.

[Anonymous No.46282]

>>46004
http://who.is/whois/bitcoins.com
>Creation Date: 2000-03-30T13:48:38Z
>Expiration Date: 2022-01-29T06:18:40Z

http://who.is/whois/mtgox.com
>Creation Date: 2007-01-02T21:05:49Z
>Expiration Date: 2021-01-02T21:05:49Z

>both from the same ICANN Register, 1api.net , which german company collects domains
>both resold though www.kalyhost.com
a domain sales company that Karpeles owns..
https://www.tibanne.com/services

now it get's weird..
http://www.tokyo-cci.or.jp/english/ibo/2353440.htm
>founded 2009
>capital 5,000,000 yen ($50,000)
>number of employees: 10
>Tibanne was founded by a specialist in IT system administration and project management.
>Round-Cross Shibuya 5F, 2-11-6, Shibuya, Shibuya-ku, Tokyo, Japan

Shibuya is like the Silicon Valley of Japan/Tokyo.

Also they run forever.net
( http://who.is/whois/forever.net )
>Creation Date: 1997-06-25T04:00:00Z
>Expiration Date: 2022-06-24T04:00:00Z

you are seeing the pattern here?

[Anonymous No.46373]

>>46282
It's public knowledge that mtgox bought the bitcoins.com domain from someone else.

[Anonymous No.46398]

>>46282
Why is there a hand coming out of that man's ass?

[Anonymous No.46492]

>>45882
>>46189
>>46204

Or it will just drop and stay at the non-delusional value of $200.

[Anonymous No.46511]

>>46492
Just six months ago $200 was considered "delusional". What makes you think it'll be the same six months out?

[Anonymous No.46603]

>>46511
I remember a conversation I had in August of 2012 with somebody who was saying the same thing, except his, "Non-delusional value," was $20.

[Anonymous No.46622]

>>46603
He had almost the same picture, too, come to think of it.

[Anonymous No.46761]

>>46492

I'll be reposting this next year when I'm sitting on a beach in tahiti with 2 bigboobed models and a million dollar bank account

[Anonymous No.46893]

>>46398
I laughed harder at that than I should have.

[Anonymous No.46940]

>>46893
Hope /co/rgi is always glad to bring joy and laughter.

[Anonymous No.46984]

>>46492

>implying it's not gonna be $2/btc by the end of the week

[Anonymous No.47034]

>>46940
That's fine and all, but I meant the comment. =P

[Anonymous No.47057]

>>46373
Is that supposed to make it seem less suspicious?

This whole business smells like a rat.

[Anonymous No.47069]

lel

[Anonymous No.47131]

>>47069
ROFL:ROFL:ROFL:ROFL
_^_
L __/ []\
LOL===__ \
L \______]
I I
--------/

[Anonymous No.47134]

>>43394
why is it scary?

[Anonymous No.47160]

>>47131
Oh wow, the formatting butchered that roflcopter. Oh well, Bitcoin's at $598, so that should console me.

[Anonymous No.47169]

>>47160

It's currently at $284 bro

[Anonymous No.47277]

>>47169
Not on any exchange that actually gives you your bitcoins after you buy them.

[Anonymous No.47357]

>>47277

>using anything other than mtgox

[Anonymous No.47395]

>>47357
>Touching MtGoy with a ten-foot pole.
I seriously hope you guys don't do this.

[Anonymous No.47405]

>>47395

[Anonymous No.47429]

>>47405

[Anonymous No.47778]

When will bitcoin reach the $100,000 mark I was promised?

[Anonymous No.47859]

>>47778

[Anonymous No.47878]

>>47778

when doges fly (to the moon)

[Anonymous No.48082]

>>47134
I don't think anyone gave the Winklevoss twins enough credit for their forward thinking. They forecasted the rise of social networking and realized the value of crypto-currency and how it could revolutionize the banking industry way before anyone took Bitcoin seriously. Besides "Satoshi Nakamoto" himself they own the second highest percentage of Bitcoins (except for maybe the FBI confiscation of Silk Road). The banking industry, the US Federal Reserve, and the US Treasury should feel threatened by the success that Bitcoin has, yet it doesn't seem like they do at all. Ben Bernake (who is practically the spokesperson for the banking industry) went on record actually embracing crypto-currency to a certain extent. What gives?

We have to look at what was going on at the time of Bitcoin's inception in 2009:

On 16 March 2009, in connection with the April 2009 G20 summit, the Kremlin called for a supranational reserve currency as part of a reform of the global financial system. In a document containing proposals for the G20 meeting, it suggested that the International Monetary Fund (IMF) (or an Ad Hoc Working Group of G20) should be instructed to carry out specific studies to review the following options:

Enlargement (diversification) of the list of currencies used as reserve ones, based on agreed measures to promote the development of major regional financial centers. In this context, we should consider possible establishment of specific regional mechanisms which would contribute to reducing volatility of exchange rates of such reserve currencies.
Introduction of a supra-national reserve currency to be issued by international financial institutions. It seems appropriate to consider the role of IMF in this process and to review the feasibility of and the need for measures to ensure the recognition of SDRs as a "supra-reserve" currency by the whole world community."[9][10]

cont..

[Anonymous No.48102]

>>48082
continued..

On 24 March 2009, Zhou Xiaochuan, President of the People's Bank of China, called for "creative reform of the existing international monetary system towards an international reserve currency," believing it would "significantly reduce the risks of a future crisis and enhance crisis management capability."[11] Zhou suggested that the IMF's special drawing rights (a currency basket comprising dollars, euros, yen, and sterling) could serve as a super-sovereign reserve currency, not easily influenced by the policies of individual countries. US President Obama, however, rejected the suggestion stating that "the dollar is extraordinarily strong right now."[12] At the G8 summit in July 2009, the Russian president expressed Russia's desire for a new supranational reserve currency by showing off a coin minted with the words "unity in diversity". The coin, an example of a future world currency, emphasized his call for creating a mix of regional currencies as a way to address the global financial crisis.[13]

A limited alternative would be a world reserve currency issued by the International Monetary Fund, as an evolution of the existing special drawing rights and used as reserve assets by all national and regional central banks. On 26 March 2009, a UN panel of expert economists called for a new global currency reserve scheme to replace the current US dollar-based system. The panel's report pointed out that the "greatly expanded SDR (special drawing rights), with regular or cyclically adjusted emissions calibrated to the size of reserve accumulations, could contribute to global stability, economic strength and global equity."[18]

In addition to the idea of a single world currency, some evidence suggests the world may evolve multiple global currencies that exchange on a singular market system. The rise of digital global currencies suggest that multiple global currencies may offer wider formats for trade as they gain strength and wider acceptance.

cont...

[Anonymous No.48106]

It's 612 on coinbase right now. do you guys think it will go back up?

[Anonymous No.48148]

>>48102
>>48082
I know shit about global finance, and I didn't even read your whole post, but what I think is that people like Bernanke realize that this debt system can only continue for so long and see Bitcoin as a potential out. If you knew the train you were on was going to crash, and there was another train coming along side you would you sabotage it or attempt to get on before yours crashed?

[Anonymous No.48161]

>>48106
MtGox is at around $200, but you'll never get it. Give it time for MtGox to die and the price will go back up. People have seen $1000/btc, they want it back.

[Anonymous No.48176]

>>48106

No, send me all your coins before they become worthless and I'll buy you a pizza.

[Anonymous No.48173]

>>48106

The buy signal is 600.

[Anonymous No.48202]

>>48102
>>48102
continued...

key concepts here:
>contribute to reducing volatility of exchange rates of such reserve currencies.
>significantly reduce the risks of a future crisis and enhance crisis management capability
>evolve multiple global currencies that exchange on a singular market system
>The rise of digital global currencies

China's answer to volatility within global markets was to scrap the US dollar as the reserve currency and instead adopt a combination comprising of dollars, euros, yen, and sterling. Obama rejects this because it would mean that the US loses a foothold in global markets.

[Anonymous No.48209]

>>48176

>tfw the first bitcoin transaction was a 10,000btc pizza.

>tfw that pizza was worth 10 million dollars if bought last November.

[Anonymous No.48241]

>>48148
No, I pretty much came to the same conclusion and agree with you. I think Bitcoin was the trial run however and everyone is waiting to see how it plays out. At this point Bitcoin has proven itself to be too volatile so needs to evolve to fix certain issues or risk being usurped by another digital currency. My guess would be XRP since it addresses most of these issues but who knows?

[Anonymous No.48319]

>>48209
Didn't the pizza guy who accepted the btc (and had the pizza come out of his pay) show up on reddit a couple months ago?

[Anonymous No.48341]

>>48241
Check out Ethereum.

www.ethereum.org

[Anonymous No.48384]

>>48209

Here is the transaction that paid that pizza.

https://blockchain.info/address/17SkEw2md5avVNyYgj6RiXuQKNwkXaxFyQ

[Anonymous No.48406]

>>48341
I have heard of Ethereum before but haven't done any in depth digging into it. Seems interesting however. I will have to check it out.

[Anonymous No.48717]

>>45391

Nah, he lost 600, and then everything because he was investing emotionally instead of rationally. Fuckin' pleb.

[Anonymous No.48734]

>>48717
It wasn't even because he was investing emotionally. It was because he thinks blackjack is investing.

[Anonymous No.48762]

>>48734
kek

[Anonymous No.48784]

>>31654
Who /buyingcheapcoins/ here?

[Anonymous No.49042]

>>48784
i bought 1 btc at 600. im hoping it keeps going back up and down

[Anonymous No.50619]

>>48406
I'm looking into it too, but i have to do more research... They way they set up their IPO definitely raises some flags, so i would be careful before making any significant investments... They want to raise 30k BTC upfront, which is like 20-30 million dollars... A pretty steep payday with nothing to show for it, kinda shady if you ask me... definitely do your due diligence, i will be researching it this coming week for sure

[Anonymous No.50888]

So, I had a look through /g/s archive, and look what I found.
>Jun 11, 2011

[Anonymous No.50961]

>>48209
That doesn't mean shit because the coins were actually worth that little at the time.

Thinking about it like that is like thinking, "Man, if only I'd bought one million Bitcoins for a tenth of a cent each!" At the time, that would've been retarded.

If you disagree, go put $10,000 into a penny stock right now so you don't regret it in a couple years. Or better yet, just dump $100 each in a bunch of them hoping to get lucky.

[Anonymous No.50972]

>>50961
Yeah, but the pizza guy who got all those bitcoins realized what they were last December. He's probably a millionaire now because he delivered a pizza.

[Anonymous No.50974]

>>50972
He actually held onto them instead of immediately converting them into $20 or whatever?

[Anonymous No.50986]

>>50974
Or so I heard. At the time, he had no idea what they were or what to do with them, but was amused enough by the idea to have one pizza come out of his salary. I heard the paper wallet sat in a drawer until December 2013, when he heard the pizza story from somebody, realized it was about him, and asked what that would be worth now.

[Anonymous No.50995]

>>50986
That's crazy. So he basically won the lottery because he met an experimental nerd and played along. I kinda like stories like that. I'm happy for him.

[Anonymous No.51037]

>>43135
>ask order of +0.1% for .001 coins every few minutes
god that shit pisses me off. shits up the books so you can't see more than +/- $10 from the current price

[Anonymous No.51039]

>>44387
litecoin isn't exactly a good coin, but scrypt is more secure than sha-256.

[Anonymous No.51106]

Jesus Christ, so many Ripple shills. Everywhere you go they're sucking onto the bottom of Bitcoin's belly. Except unlike their fishy counterparts they do nothing but attempt to kill the host, all while claiming they "don't compete" with it.

Go make your own thread if XRP is so great, losers.

[Anonymous No.51291]

>>51106
>shills
I don't think you are using this word in the right context. Unless you think that every person that eschews investing in Bitcoin at this time is a spokesperson against BTC? Or how about people that praise Dogecoin... are these people any different from the people who praise BTC to try to lure in new investors and fabricate confidence in an attempt to drive the price up? Or is it that some people just like Dogecoin because it's novel and funny?

I don't think the situation is as nefarious as you seem to think. Nobody is attempting to kill Bitcoin, in fact the more readily the general populace accepts crypto-currency in general the more everyone benefits.

[Anonymous No.51314]

>>44805
Am going to give a lengthy answer here, because i do give a fuck about you anon

Can i ask you an honest question? What were you planning to do with all this money? Buy a villa, cars, drugs, hookers? I personally think this wasn't what you truly wanted, you were addicted to gambling, addicted to the euphoria of getting richer, which was more compelling to you then anything else at the time. Your addiction to meth and heroine was just a replacement for this original addiction.

Whatever you are expierencing right now, this hatred and deep depression is something every single person expierences after getting "clean' of their addiction. Realize this man, get this in your fucking head, it's not the money that is deciding your current emotional state, it's the endless streak of extreme high and lows in euphoria that dropped your dopamine levels.

Realize that this isn't permanent. Realize that this shit can be fixed. However there is one iron clad rule, you need to stop getting obsessed over money.
You need to find a job that doesn't involve money, you need to find a hobby that doesn't involve money and for fucks sake never visit /bizz/ ever again. I swear to you, your mind WILL clear up after a while and you may still find happyness in your life, no matter how fucked up it might be right now.

[Anonymous No.51659]

>>51314
i'm not that guy, but i'll heed you advice all the same. i could recognize myself in the portrait you sketched. i feel a kind of natural revulsion towards money and at the same time my whole like, my whole body seems to yearn for it. I feel i need a break and i want out. Thanks for those words.

[Anonymous No.52519]

>>44780
RUR follows Bitcoin. If Bitcoins goes down, you lose money. Also, you pay more fees when you trade USD/RUR, so it’s better to avoid that pair.

[Anonymous No.53129]

>>52519

WTF is RUR?

[Anonymous No.53423]

If memecoins aren't recognized as real currencies, does that mean it's legal to have a poker site where people bet with them?

[Anonymous No.53416]

>>53129
Rossum's Universal Robots

[Anonymous No.53427]

>>53129
Russian ruble

[Anonymous No.53440]

>>53423
Are there any landmark cases?

[Anonymous No.53549]

>>53440
i know some altcoin gamlbing sites/casinos have been shut down but I don't know if they were based in the USA