People are taking out mortgages to buy bitcoin

[Anonymous No.4999118]

https://www.cnbc.com/2017/12/11/people-are-taking-out-mortgages-to-buy-bitcoin-says-joseph-borg.html
>"We've seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines," said Borg, president of the North American Securities Administrators Association, a voluntary organization devoted to investor protection. Borg is also director of the Alabama Securities Commission.

[Anonymous No.4999165]

This will be a bloodbath. Even when there’s no crash, a good dip will fuck weak minder fucks up

[Anonymous No.4999170]

>>4999118
>buh buh but it's nothing like the tulip bulb bubble guys!

[Anonymous No.4999192]

HOW HIGH CAN THIS BUBBLE GO?

[Anonymous No.4999205]

you mean like the subprime bubble... interesting, waiting for the peak to short it at 100x

[Anonymous No.4999215]

>>4999118
hahahaha...fucking burgers, when will they learn.

[Anonymous No.4999216]

>>4999118
...yet they will STILL make money. This shit is fucking insane.

[Anonymous No.4999220]

>>4999192
$8 more dollars.. thats it, no more

[Anonymous No.4999251]

>>4999216
They won't, they don't understand any of this shit. They're all going to lose it all. This is going to be a terrible christmas.

[Anonymous No.4999253]

>>4999118
Well that's retarded. I wouldn't put any real stakes into BTC it's way too volatile. Put in a few thousand if you have it to spare, but don't start throwing hundreds of thousands of dollars into it because it has had a recent spike...

[Anonymous No.4999307]

Gentlemen, we are experiencing the BOOMERang.

The BOOMERang is a generation-defining event in which we - the computer-savvy NEETs - take back the wealth stolen from us by the Boomer generation through superior crypto experience and knowledge.

[Anonymous No.4999322]

>>4999170
>>4999165
>>4999192

> be crypto
> buy 100 LTC with credit limit
> said LTC goes to $1
> banks come after my anus

> be 2020
> crypto is new currency
> use 1 LTC to buy lambo
> banks come after my dick

I guess we'll see.

[Anonymous No.4999361]

>>4999118
inb4 government steps in and fucks over american exchanges

[Anonymous No.4999370]

Lol what the fuck is wrong with people seriously

[Anonymous No.4999416]

Stories like this are the canary in the mines that it's time to cash out.

She whale will eventually cash out and crash it and the normies will panic sell, driving it lower. This is when you buy back in

[Anonymous No.4999431]

>>4999361

> be government
> create massive bubbles all the time
> pop said bubbles all the time
> new bubble made by private sector
> said bubble is 500 billion now

It really would be a shame if the burger's government popped this one.

Would be a real shame... Wouldn't it?

[Anonymous No.4999479]

>>4999118
Their only mistake was not doing this in 2012

[Anonymous No.4999491]

>>4999416

but then the exchanges wil just "go offline" like they have been doing

[Anonymous No.4999494]

>>4999431
i mean that is what he said they are waiting to see what regulators do to bitcoin before doing anything
he made a note of mtgox
regulation is coming in the US it's only a matter of time

[Anonymous No.4999541]

https://www.businessinsider.com.au/this-39-year-old-sold-everything-he-had-for-bitcoin-house-car-and-childrens-toys-now-he-lives-on-a-campsite-waiting-for-the-ultimate-cryptoboom-2017-10

>yfw he's up a ton and you were making fun of him back then
>yfw you realize fiat is the bubble

[Anonymous No.4999556]

>>4999416
Remember it could take 5-6 years to get back to where it is now. Maybe longer. My bags were very heavy when I bought at 500. 2013 I bought at 613, took until end of last year to get back to that. Those bags were very heavy.

[Anonymous No.4999560]

>>4999251
Care to explain?

[Anonymous No.4999594]

>>4999494
>regulating an open source global asset limited in amount is possible

[Anonymous No.4999597]

>>4999541
Oh yeah, stock market for sure makes me nervous now.

Imagine if the stock market crashed 60% and bitcoin only went down 30%. kek. How mad would boomers be?

[Anonymous No.4999606]

>>4999251
>This is going to be a terrible christmas
but which christmas

[Anonymous No.4999631]

>>4999416
>im a wizard and i know the tops
It will pump to $40k and will crash to $20k and you will get back in at a loss.

[Anonymous No.4999637]

>>4999594
just gotta choke the chokepoints

[Anonymous No.4999641]

>>4999118
Isn't this what happened in 2008?

[Anonymous No.4999683]

>>4999641

yeah but this time it'll be different

[Anonymous No.4999697]

>>4999541
>drug addict steals phone = steals coins while he's taking a piss
>rain floods tent, goodbye phone
>tree falls on tent, goodbye life
Bad idea desu

[Anonymous No.4999711]

>>4999594
>believing countries can make their own laws regarding buying/selling bitcoin and exchanges

[Anonymous No.4999780]

>>4999170

Tulip mania's, much like the housing crisis, and dot com bubble's, problem was that it end product was the price point. These are currencies. Its fucking different retard.

[Anonymous No.4999875]

>>4999594

If you don't think the government can get all the boomers to believe bitcoin is a terrorist currency used by the millennials to fund Saddam Hussein's nuclear arsenal in an effort to dismantle the walls protecting the Mexican American border, that if dismantled would release all the illegals into the United States, causing widespread massive chaos due to lack of jobs for Americans - you must be living under a rock.

[Anonymous No.4999897]

>>4999641
Yep, and in 2000s and in 20s etc

[Anonymous No.4999927]

>>4999780
these arent currencies though, theyre assets

[Anonymous No.4999999]

>>4999641
>>4999683
>>4999897
https://www.fool.com/investing/2017/11/19/wall-streets-hottest-loan-product-borrowing-agains.aspx

Oh this next stock market correction is going to be a bad one. Only question is when. I'd say soon, but, people have been saying that for like three years.

My question is, what will that do to bitcoin? I don't think anyone really knows, since it came after the 08 crash.

[Anonymous No.5000009]

>>4999927

Actually it depends what bureaucracy you're talking to.

If you're talking to the IRS - it's property.
If you're talking to the FBI - it's currency.

Basically it's fairy jizz at this point.

[Anonymous No.5000019]

I don’t even want to get rich anymore, I want everything to crash and burn, I want to see normies ruined.

[Anonymous No.5000054]

>>4999999

checked

[Anonymous No.5000058]

>>4999118
This is why I cashed out by last coins last night

Official /nocoiner/

I still hustle a bit in crypto though as a vendor an exchange and make decent bank from normies

[Anonymous No.5000099]

>>4999251
agree with this guy, they lack the discipline and will leverage themselves beyond their means
they will need to cash out just to pay the interest on the loans they took out
im holding lots of crypto ~$10,000 USD worth (for me that's a lot)

i'm going to continue holding and building up my cash reserve to lay in wait for the next big crash and scoop up more crypto for a steep discount.

im seeing solid gains with my current accumulation and looking for further good entrance points for other coins (specifically looking at XMR).

[Anonymous No.5000112]

>>4999118
how can people be so retarded? why do normies ruin everything?, they literally spit in everything that's worth something. If it wasn't for their stupidity we would be ok.

[Anonymous No.5000124]

>>4999999
All hail anon

[Anonymous No.5000138]

>>4999999

> borrowing against stocks

Welp that's not good.

[Anonymous No.5000156]

>>4999170
https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/

[Anonymous No.5000165]

>>5000019
same

[Anonymous No.5000223]

> get rich off crypto
> cash out little at a time to silver
> crypto and stocks crash
> sell silver that's at $35 again
> buy up all the cheap stocks and crypto

CANT STOP WINNING

[Anonymous No.5000229]

>>4999416
this.

[Anonymous No.5000234]

>>5000009
yfw you realize crypto are collectibles and not property nor currencies.

[Anonymous No.5000247]

>>4999999
checked and keked
sextuples of truth

[Anonymous No.5000313]

>>5000234

Well anon you do have a point.

[Anonymous No.5000342]

>>5000009
Seems like different agencies claim shit that suits their needs

[Anonymous No.5000348]

>muh normies

as opposed to what? you NEET """"""""traders"""""""" who, in truth, know jack fucking squat about finance? every single day I watch you little idiots run around panic selling, falling for each other's shilling, and basically demonstrating the business acumen of a roulette wheel. and you somehow pretend you're better than random fuckers FOMOing bitcoin? is it a false sense of superiority? is it because you're hipsters? do we really need a hundred threads a day about "normies"?

[Anonymous No.5000354]

>>5000019
Me too. I want to turn on the news and see irl pink wojak faces.

[Anonymous No.5000377]

>>5000348
Shut up fag

[Anonymous No.5000378]

>>5000342

Gives you the ability to lock up more people, thus meeting the quota set in place by the private prisons.

They're is a reason USA has the highest prisoner to population ratio.

[Anonymous No.5000402]

>>5000378
>They're is a reason USA has the highest prisoner to population ratio.
More blacks and mestizos?

[Anonymous No.5000403]

>>4999999
I hope this doesn't mean I'm causing something awful to happen.

[Anonymous No.5000436]

>>4999307
no... the boomers will unironically come into the crypto market, crush it and take all our money without knowing anything about the technology. boomers are literally the parasite generation. they sucked the very life of this planet dry, raped us all and soon they will nuke the entire planet before they retire forever. boomers are a fucking curse. literally the worst of the normie classes.

[Anonymous No.5000438]

>>5000223

This is exactly what I'm doing with my profit-taking.

[Anonymous No.5000446]

>>5000402

Not sure why you're trying to make it about race, when it actually effects us all.

25% of your population incarcerated isn't a race matter, it's a government problem.

[Anonymous No.5000451]

>>5000348
>everyone on biz is the same person

[Anonymous No.5000469]

>>5000451

> t. normie logic

[Anonymous No.5000475]

>>5000438
I was looking at silver and gold, but, those are pretty volatile too..
http://www.macrotrends.net/1470/historical-silver-prices-100-year-chart

[Anonymous No.5000496]

>>5000438
you will be left with piles of useless shiny stones. HAHAHAHA

[Anonymous No.5000508]

>>4999118
Amerimutts are so fucking dumbs, no wonder why jews prosper like mice in a cheese factory.

[Anonymous No.5000518]

>>5000402
Then a bunch of third world countries would be higher

[Anonymous No.5000521]

>>4999780
>These are currencies.

You're delusional.

[Anonymous No.5000541]

>>5000436
I know, right? Let's seize the means of production while we're at it, comrade.

[Anonymous No.5000546]

>>5000446
25%? are you high? its not even 1%

[Anonymous No.5000591]

>>4999999
Stocks eternally BTFO

[Anonymous No.5000594]

>>500000

[Anonymous No.5000603]

>>4999118
"We've seen mortgages being taken out..." uh-huh...so out of millions of investors around the planet, you know of a couple people who took out a second mortgage?
Shut it down.

Tulip
Bubble
Beanie Babies
Short selling

[Anonymous No.5000646]

>>5000546

My bad

25% of the world's prison population.

https://www.washingtonpost.com/news/fact-checker/wp/2015/04/30/does-the-united-states-really-have-five-percent-of-worlds-population-and-one-quarter-of-the-worlds-prisoners/

> “It’s a stark fact that the United States has less than five percent of the world’s population, yet we have almost 25 percent of the world’s total prison population. The numbers today are much higher than they were 30, 40 years ago despite the fact that crime is at historic lows.”

Also it's higher than 1% if you count people on probation or some form of.

[Anonymous No.5000654]

>>4999118
I put my entire life savings into btc. A few weeks ago. Made a lot of money.

[Anonymous No.5000667]

>>5000546
Maybe the 25% is the proportion of male negroes in the clink. Sounds about right and I see no problem that needs fixing here.

[Anonymous No.5000711]

>>4999999
> six nines
must be truth

[Anonymous No.5000729]

>>5000667
What about the other 75%? There are too many Mexicans uglying up the place too.

[Anonymous No.5000791]

>>4999220
damn, I was hoping to make more money than that :(

[Anonymous No.5000798]

>>5000646

Prisons are a business in the USA.

[Anonymous No.5000825]

>>4999780
>These are currencies.
*breathes in*
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

There's a reason even the most ardent bitcoin proponents dropped the currency charade and now call it a store of value, bitcoin is awfully inefficient as a currency.

How many people buying into it do you think actually plan to use it as a currency? Virtually no one, people are buying into it as an speculative asset

[Anonymous No.5000838]

>>5000711
>711
>dubs (11)
confirmed

[Anonymous No.5000856]

>>5000729

> mexicans
> uglying up the place

[Anonymous No.5000893]

>>5000798

What makes you say that? Is the stock options or justice system?

[Anonymous No.5000912]

>>5000825
bitcoin is a store of value. it's has a lot of value indeed. literally the most valuable comodity in the entire world. more valuable than gold, lithium, silver, copper, tin and even food. people literally cannot survive in the future without the bitcoins.

[Anonymous No.5000941]

>>5000856
Are you trying to claim that to be an average Mexican? You're serious?
Have you ever even been around those things before?

[Anonymous No.5000991]

>>5000941

Which coast are we talking about?

Cause last I checked the ones on the East coast are questionable, but boi the ones on the West coast like here, that are mixed.

Niqqa...

[Anonymous No.5001011]

>>5000991

her*

[Anonymous No.5001067]

>>5000856
>Thinks this is what all Mexicans look like
Less than 1% of them, amigo, more Congolombians look like that, coupled with their god awful attitudes and narcissism.

[Anonymous No.5001087]

>>4999307
>the wealth stolen from us
Glad to know you think you had X amount of wealth guaranteed to you before you even departed your father's balls.

I can't wait to watch all of you cunts get crushed by your hypocrisy.

"Wall street adds no value! They just flip digital nonsense back and forth and steal my money! They are not smart! They do nothing! Pure greed! THEY ARE EVIL!"

"I will flip this digital nonsense back and forth and steal everyone else's purchasing power. I am a fucking genius! I DO SO MUCH! I AM THE UBERMENCH!"

Kill yourselves.

[Anonymous No.5001091]

>>5000991
Why does a particular coast matter when they're almost everywhere? And why are you now saying it's the mixed ones that look good? So those people are only decent when they're given some better genetics from other people because Mexicans can't cut it themselves. Just more degredation of Europe's peoples to bring up the lessers. Disgusting.

[Anonymous No.5001095]

>>5000991
This is what they look like where I live.

[Anonymous No.5001102]

>>5001067

You trying to say whites don't ugly up the place?

[Anonymous No.5001175]

>>5000496

I'm already left with useless shiny stones fuckwit.

[Anonymous No.5001178]

Mexicans don't even into crypto.

[Anonymous No.5001184]

>>5001091

> asking why coast matters

You need to travel more.

> mixed ones that look good
> implying anyone from mexico is 100% mexican

Just stating that a mexican from mexico is 100%, but a mixed mexican is 110%.

> better genetics from other people
> implying we're all 100% niqqa, European, asian, ect.

k

[Anonymous No.5001235]

>>4999118
THE STUPID MASSES ARE IN, SELL EVERYTHING

[Anonymous No.5001990]

>>4999307
I like this timeline

[Anonymous No.5001998]

>>5000541
Boomers are generally a bunch of socialist faggots though so I'm not sure what you meme by that

[Anonymous No.5002187]

One side of me wants cryptocurrency to take off into a $10 trillion+ market cap, and the other side wants this bubble to pop hard just for the keks.

[Anonymous No.5002223]

>>5000000

[Anonymous No.5002356]

>>4999999
Holy shit man what did you do

[Anonymous No.5002443]

>>4999999
When the stock market crashes, hopefully in 2018, we're going to see unprecedented amounts of capital flow into crypto.

[Anonymous No.5002565]

>>4999307
Ironically boomers created crypto. Boomers will invest in 1st and second generation blockchain developed years ago with no crypto knowledge whatsoever. It will moon and kill alts making all NEETS poor again. 3. gen blockchain will they find late 2018. Arkies have already sold or are dead by then. Boomers become node owners and tesla owners. Such is life for the most mediocre generation.

[Anonymous No.5002590]

>>5002356
i-i didn't m-mean too...

>>5002443
It's very possible. I think we would get a sharp dip right at the stock market crash, then probably a quick pickup, but I'm pulling that out of my ass and have nothing to go on. Crypto is still young, we'll have to see how it behaves in down world markets.

I'm hoping it's a place people run to, but I think right now the exchanges need to get a lot better first. People would be worried about those going broke or shutting down or not being able to get their money out.

[Anonymous No.5002831]

>>5002590
I agree. One of the main problems with crypto is the bottleneck between it and fiat, who controls that bottleneck, and how stable it is.

Does anyone here want to start an alt/fiat gateway with me? We can copy Coinbase's business model and legal structure. Leave your email.

[Anonymous No.5002999]

>>5000438
Shiggy hope you aren't buying pamp, my nigga

[Anonymous No.5003066]

>>5002590

Smart money will drop crypto for stocks.

[Anonymous No.5003199]

>>5003066
In the aftermath yeah. But during?

Smart money will start buying stocks as soon as they /think/ the dust has settled. Easy to say I will, but I just hope I have the fortitude. I'm sure during that time everyone is saying "fuck the stock market" after just getting burned so bad.

[Anonymous No.5003223]

>>4999307
CHAD boomers are investing THOUSANDS of dollars per week from their PENSIONS while they RELAX in their FLORIDA condos DEBT FREE.

[Anonymous No.5004209]

How am i supposed to buy back in if it never crashes REEEE

[Anonymous No.5004517]

>>5000496
> shiny stones
It's metal retard.

[Anonymous No.5004718]

>>4999322
nice dubbiez

[Anonymous No.5005195]

>>4999697
>what are backups

[Anonymous No.5005393]

Oh this can only end bad
>BTC reaches new high
>people start selling
>price dips a bit
>idiots who just bought in start panicking
>normies start selling
>price drops even more
>media coverage, even more people get "sceptical"
>price drops even more

I literally cannot wait

[Anonymous No.5005693]

>>5005393
Yeah no one ever said that since 2k, this is the first time.

[Anonymous No.5005959]

>>4999780
>thinking that BTC is actually a currency and not just a digital store of value just like gold, domain names and even tulips

kek

[Anonymous No.5005967]

>>5001102
That's a jew

[Anonymous No.5005983]

>>4999118
Yeah no sit this been happening for years now

[Anonymous No.5006080]

>>5005693
But that's the great thing
Bitcoin always seems to rise from the ashes, while the normies lose their money, we know to just buy the dip.

[Anonymous No.5006105]

>>4999118
a friend of mine just sold a 3.5 millions dollar house and the buy purchased with bitcoin

[Anonymous No.5006143]

>>5006105
Tell him to enjoy the Interpol investigation

[Anonymous No.5006269]

>>5006143
eh, I live among many millionaires.
millionaires dont pay taxes, son

[Anonymous No.5006695]

>>5006269
In your wildest dreams peasant. Old monied "millionaires" might not. Where you live with keeping up with Jones Mommy and Daddy pay them in truckloads

And Interpol is coming for russian money laundering tied to illegal markets, not taxes.

[Anonymous No.5006994]

>>4999541
>sell everything for memes

I love this timeline.

[Anonymous No.5007014]

>>5000856
>1/32 Mexican

[Anonymous No.5007024]

>>4999597
This would BTFO every financial market. Whats worse is central banks would begin QE in a market crash which would literally skyrocket crypto higher.

[Anonymous No.5007056]

>>5000009
Luckily I don't talk to either.

[Anonymous No.5007181]

>>5000348
>hesrightyouknow.jpg

[Anonymous No.5007271]

>>5000541
>introduced socialist policies that fuck the next generations
>we need more socialism

[Anonymous No.5007305]

>>4999999

oh fuck us

[Anonymous No.5007353]

>>4999118
Dot com bubble 2.0

[Anonymous No.5007413]

>>5001087
t. knows nothing of social policy

[Anonymous No.5007524]

>>5006695

[Anonymous No.5007704]

>>4999118
>Bubble anything
Name one (1) bubble worth investing in

[Anonymous No.5007794]

>>5000496
Gold does have uses outside of being rare

[Anonymous No.5007849]

>>4999999
>999999
>tfw BTC will hit that during next crisis

[Anonymous No.5007926]

>>4999999
Those digits. Witnessed.

[Anonymous No.5008009]

>>4999999
normie stocks crash

BTC rises

[Anonymous No.5008071]

>>5007413
Care to elaborate on how that follows?

[Anonymous No.5008227]

>>5000518
Only with justice systems run by whites lol. Of course they don't have prisons full of their own people acting like their own people do all the time.

[Anonymous No.5008296]

>>5008071
Boomers instilled policies like Social Security and expanded welfare all of which at the future cost of their children via taxation. Further reducing their ability to start families in a stable home environment because they need to pay for Tyrone's kids instead. There are more economic reasons, but also about a billion cultural ones. Don't forget your guilty for being born and all your economic action is oppressive, so hand it over goy.

[Anonymous No.5008325]

>>5006105
>selling the only asset that really matters for imaginary meme money so you might be able to buy back the only asset that matters

[Anonymous No.5008367]

>>5000156
And no one actually wants bitcoin to use as spending money

[Anonymous No.5008375]

>>5008296
Day of the pillow when brother.

[Anonymous No.5008391]

>>5000496
Gold and silver are used in comuter circuits

[Anonymous No.5008550]

>>5008296
Ah I see your point. Not sure it addresses the majority of his REEEEEEEE fit about libertarian/ancap/NEET/whatever hypocrisies towards worthless wall street but your gripe is solid.

[Anonymous No.5008570]

>>5000654
>a few weeks ago
wait until you pay your taxes

[Anonymous No.5009241]

>>4999597
If the market crashes you will see crypto boom like nothing you have ever seen. It will be fucking absolutely massive.

[Anonymous No.5009300]

>>5000436
You don't understand markets. Boomers coming into the market will will expand it.

[Anonymous No.5009472]

>>5009300
No this is pure greed and obv sell sign

[Anonymous No.5009485]

>>5009241
Jesus Christ, coiners are so delusional. Read a fucking book.

[Anonymous No.5009753]

Who here >cashed out the initial and then some
That is the feel I feel when it comes to my crypto today, can take it going down to zero but won't gamble with speculating on some dip that may never come