What price do you unironically see bitcoin at in 5 years? I always thought 10k was a pipe dream...

File: 121 KB, 960x604, IMG_4816.jpg [View same] [iqdb] [saucenao] [google]

Anonymous Sat Dec 16 14:01:29 2017 No.5122704 [Reply] [Original]

What price do you unironically see bitcoin at in 5 years? I always thought 10k was a pipe dream...

>>	Anonymous Sat Dec 16 14:02:03 2017 No.5122719 >>5122704 10k

>>	Anonymous Sat Dec 16 14:02:43 2017 No.5122731 >>5122704 $20

>>	Anonymous Sat Dec 16 14:03:15 2017 No.5122744 between failed and $0.2

>>	Anonymous Sat Dec 16 14:03:49 2017 No.5122762 Btc needs a major rehaul or a better currency needs to be king. In five years (at the present tech) it would take a month to send currency and cost the price of a used car in fees.

>>	Anonymous Sat Dec 16 14:03:54 2017 No.5122765 It's going to pop soon maybe half a year and settle around 2,000-3,000

>>	Anonymous Sat Dec 16 14:03:59 2017 No.5122770 >>5122704 >What price do you unironically see bitcoin at in 5 years? Dead and replaced after that long

>>	Anonymous Sat Dec 16 14:04:53 2017 No.5122789 >>5122704 Bitcoin Segwit? About 5k, as serious laggards will have still not moved into Bitcoin Cash.

Anonymous Sat Dec 16 14:06:10 2017 No.5122837

>>5122704

>new generation normie: bit what?
>old /g/fag: it is the original coin that started all the sytem of payments we have today. Whenever you buy something over the internet or with your card, you are using a system started by bitcoin, before the big banks started making their own bitcoin-like private systems that we use today
>new generation normie: oh.. I dun care lol.

>>	Anonymous Sat Dec 16 14:06:27 2017 No.5122845 >>5122762 you could trust banks, whales and twins to buy a bag of weed using side chains

>>	Anonymous Sat Dec 16 14:06:30 2017 No.5122846 >>5122765 It's completely useless and not even the darknet uses it anymore. It won't even be that high.

>>	Anonymous Sat Dec 16 14:09:34 2017 No.5122899 >>5122704 People be ask'n. "wha happens if BTC becomes the World's global asset? wha if all dat money you speculated turns to shiite, an the Gov'mnt says, 'would you look at dat there, les take it.' wha happens to muh investment then?"

>>	Anonymous Sat Dec 16 14:12:25 2017 No.5122957 1 million or mcafee will eat his manhood.

>>	Anonymous Sat Dec 16 14:12:49 2017 No.5122970 <$10, no one uses it anymore. Major retailers including Amazon are going to start taking cryptocurrency as payment, and it's impossible now to say which, but it sure as hell won't be bitcoin.

Anonymous Sat Dec 16 14:15:03 2017 No.5123029

>>5122899
>government says lets take it
What's there to take? Are they gonna send the police house-by-house looking for BTC wallets? They can say "bitcoin is illegal" but they really can't ever stop you from using it, the same way they can say "saying nigger is illegal" but I can still call you a fucking nigger all I want.

Anonymous Sat Dec 16 14:16:17 2017 No.5123063

>>5122704

Bitcoin probably stopped really functioning as a currency back when it was closer to the $100 a coin level, all the growth since then is pure get rich quick muh tulip bulbs speculation. The press is full of stories about how much bitcoin has increased in value, and normies with no other investing experience are buying it. That should set alarm bells ringing, it's exactly the kind of stuff that happens right before the bubble bursts. The fundamentals of any crypto, as an actual currency, are probably dependent on it having a modest and stable value. It really wants to be experiencing gentle inflation, like any real currency, to create liquidity and incentives to spend and invest, rather than hoard and speculate. Bitcoin's architecture is probably fundamentally in opposition to that, the bubble has to pop at some point, and when it does it will pop hard. I'd be kind of surprised if Bitcoin still had much value in five months, let alone five years. It might still go up a lot before that happens though.

>>	Anonymous Sat Dec 16 14:19:27 2017 No.5123153 >>5123063 the question is when to get out

>>	Anonymous Sat Dec 16 14:24:00 2017 No.5123270 >>5123153 pro tip, sell on the way up, buy on the way down. dont fall for the all in and sell at the top meme

>>	Anonymous Sat Dec 16 14:32:10 2017 No.5123488 >>5122704 it still is the entry way for the crypto market, until all exchanges have at least a dozen cryptos listed and someone finds a way to transaction all crypto without needing BTC as the middle man, this thing will not stop pumping

>>	Anonymous Sat Dec 16 14:34:54 2017 No.5123557 >>5123488 As soon as Coinbase lists Bcash and other exchanges list it as a base pair, Segwit coin is finished.

Anonymous Sat Dec 16 14:37:59 2017 No.5123633

I knew 10K was a mathematical certainty and predicted it five months ago on Trading View. I even predicted how the Elliot wave formed with surprising accuracy using past trends and volume profiles for sup/res. I'm basically a 160 IQ brainlord and even I couldn't see where the price would go after 12K. Just kidding, 38K and then a new cycle will start after the next 34+ percent correction and subsequent consolidation.

Anonymous Sat Dec 16 14:39:26 2017 No.5123660

>>5123153

Isn't that the case with everything? The tricky thing with bitcoin is that there are no real fundamentals unerpinning it, it's not like a stock where you can assess whether or not it's overvalued based on profitability. Even hedging assets like gold have a worth that's linked to the performance of other sectors of the economy. BTC used to be somewhat similar to gold in terms of how it tracked against markets and the dollar, but it left that behind long ago. Really, we're well into 'your guess is as good as mine' territory now. I mean, everyone has heard the old quote from 1929:

>You know it's time to sell when shoeshine boys give you stock tips

Are we at that point yet? BTC will stall and then crash when the ponzi runs out of suckers. That's got to be your best measure of whether the party is going to end sooner rather than later, once people with no prior understanding or experience of investing or the thinking behind crypto are all convinced it's free money.

Anonymous Sat Dec 16 14:39:38 2017 No.5123663

>>5123488
what are you talking idiot. Just normie base users are not able to buy any coin beside bt...wait they can buy litecoin with cash to, and starting with 2018 bch, and probably some more, but what do I know, I use personal transaction, not some untrustable third party like a NIgger

>>	Anonymous Sat Dec 16 14:40:41 2017 No.5123692 >>5123029 they will come for yer wallet and they will make you access it via yer holding cell. there is precedent fo' it: https://en.wikipedia.org/wiki/Executive_Order_6102

>>	Anonymous Sat Dec 16 14:40:41 2017 No.5123693 >>5122704 Btc 25k and iota at 100k

>>	Anonymous Sat Dec 16 14:42:17 2017 No.5123739 >>5123660 this

>>	Anonymous Sat Dec 16 14:43:32 2017 No.5123768 >>5123633 B-but yer brainlordship. Coinz aint stocks

>>	Anonymous Sat Dec 16 14:44:44 2017 No.5123797 File: 190 KB, 640x478, 1508695571382.png [View same] [iqdb] [saucenao] [google] >>5122704 >i always thought 10k was a pipe dream...

Anonymous Sat Dec 16 14:45:35 2017 No.5123812

>>5123029
This is stupid easy. All merchants not legally allowed to accept it. You can’t legally trade it in the United States. What you gonna do? Can’t trade it for cash. Can’t buy with it. Nobody else can buy it. There’s a word for a currency like that. Worthless.

>>	Anonymous Sat Dec 16 14:46:33 2017 No.5123840 >>5122704 >What price do you unironically see bitcoin at in 5 years? 1mil

>>	Anonymous Sat Dec 16 14:47:24 2017 No.5123861 File: 370 KB, 1280x850, 1483590527000.jpg [View same] [iqdb] [saucenao] [google] >>5123153 When it starts to get ridiculously fast in gains. Remember the last time we reached 19k in a matter of days?

Anonymous Sat Dec 16 14:47:42 2017 No.5123869

>>5123663
so all the world's fiat is headed into the Nu Coinz blackhole. what's that gonna look like coming out the other end? Aint happening until all the major bankers are on board and we all knows how ironically that will turn out. started out nice tho

>>	Anonymous Sat Dec 16 14:48:47 2017 No.5123896 >>5123812 and this

>>	Anonymous Sat Dec 16 14:49:51 2017 No.5123925 Once bitcoin reaches 80k then the founder is the richest man in the world. I dont think its possible for the systems to let this happen, and it's just too unsustainable

>>	Anonymous Sat Dec 16 14:50:07 2017 No.5123933 >>5123768 You fundamentally don't understand what Elliot waves are measuring and how they can be applied.

>>	Anonymous Sat Dec 16 14:51:38 2017 No.5123962 File: 136 KB, 644x632, 1512281826834.jpg [View same] [iqdb] [saucenao] [google] >>5122704 The year is 2021. 1 BTC > $1 million

>>	Anonymous Sat Dec 16 14:52:04 2017 No.5123977 File: 7 KB, 225x225, adults are talking.jpg [View same] [iqdb] [saucenao] [google] >>5123812 Lie. I barter all the time. I trade goods and / or services all the time for goods and / services, faggot. nice try, nigger

>>	Anonymous Sat Dec 16 14:52:23 2017 No.5123984 File: 3.10 MB, 2000x1789, Bitcoin2017.jpg [View same] [iqdb] [saucenao] [google] I'm betting it will be 100 thousand USD per coin by 2020.

Anonymous Sat Dec 16 14:52:53 2017 No.5123994

>>5123925
There is a theory that the cia got this whole game started and is Satoshi. So basically they are getting all this crypto r&d for free right no. All open source. When the time is right they just take Satoshi’s 1M coins and dump them on the market. Could the market sustain a $20B market dump? No fucking chance. Once the dust settles they can launch their crypto currency.

Anonymous Sat Dec 16 14:53:52 2017 No.5124017

>>5123660
"You know it's time to sell when shoeshine boys give you stock tips"
>comparing boomer stocks with BTC
lol, Lightning Network will literally change this whole game. BTC is king and it will always rule. You will wish you had at least some BTC then. All other shitcoins and tokens will be worth nothing in comparison to the king BTC. Chads rule the world for a reason. Chads are buying BTC. Be like Chad.

>>	Anonymous Sat Dec 16 14:54:04 2017 No.5124023 >>5123994 You are genius

>>	Anonymous Sat Dec 16 14:54:09 2017 No.5124026 >>5123977 Why would anyone want your worthless shit coins? You will also need miners to process the transactions.

>>	Anonymous Sat Dec 16 14:55:09 2017 No.5124055 >>5124026 stay poor. I accept bitcoin in my business, faggot.

>>	Anonymous Sat Dec 16 14:55:33 2017 No.5124070 >>5124017 Lightning network. Give them your coins. They give you ious to spend with a small fee. Lightning is bank backed fiat.

>>	Anonymous Sat Dec 16 14:56:20 2017 No.5124091 >>5124026 I also pay my employees in Bitcoin.

>>	Anonymous Sat Dec 16 14:56:36 2017 No.5124101 >>5124055 Average fee >$20. How is that working out?

>>	Anonymous Sat Dec 16 14:57:43 2017 No.5124137 >>5124091 I wouldn’t work for you. I want real money.

>>	Anonymous Sat Dec 16 14:57:47 2017 No.5124141 Can anyone tell me why the price on the front page coinbase chart shows btc at £14,500 but when you go to buy it, the price is stated as £15,100? £600 difference?

>>	Anonymous Sat Dec 16 14:58:25 2017 No.5124157 >>5122704 pretty sure the US gov will ban it within 5 years, I think it's got 2 years left at most

>>	Anonymous Sat Dec 16 14:58:39 2017 No.5124160 File: 450 KB, 600x624, putin pepe.png [View same] [iqdb] [saucenao] [google] >>5124101 HAHAHAHAHAHAHA!!!! Typical answer from a nocoin faggot sjw

>>	Anonymous Sat Dec 16 14:58:46 2017 No.5124162 >>5124141 It’s like buying and selling stock. There is a spread between the buy and sell.

>>	Anonymous Sat Dec 16 14:58:50 2017 No.5124165 100k

>>	Anonymous Sat Dec 16 15:00:04 2017 No.5124196 File: 62 KB, 640x960, antifafag.jpg [View same] [iqdb] [saucenao] [google] >>5124137 I don't hire faggots who live with their parents >muh rights

>>	Anonymous Sat Dec 16 15:00:22 2017 No.5124209 >>5124160 I actually made $15,000 and cashed out this morning. I know a worthless shit coin with a non functioning network when I see it. I’ll buy back in after the crash.

>>	Anonymous Sat Dec 16 15:01:13 2017 No.5124230 >>5124101 three words: lightning network soon. stay mad, nocoiner hahaha.

>>	Anonymous Sat Dec 16 15:01:14 2017 No.5124231 >>5124091 Nice LARP.

Anonymous Sat Dec 16 15:01:32 2017 No.5124247

>>5124017

BTC isn't really a currency any more, that's the point. When a currency is undergoing deflation there is a disincentive for people to spend it rather than hoard it in the hope that its value will increase. Bitcoin is experiencing hyperdeflation. What proportion of transactions are actual purchases of real things using BTC as a currency? What proportion of holders are in it to use it as a currency? A fraction of a percent at best, Lightning isn't going to change that.

Anyway, like I said in >>5123063 a functioning currency needs to exist in a state of gentle inflation. It can still work whilst experiencing moderately high inflation or slight deflation, but stray too far outside of those bounds and it stops functioning as a currency any more.

>>	Anonymous Sat Dec 16 15:01:37 2017 No.5124251 >>5124157 why would they ban it when they can tax it?

Anonymous Sat Dec 16 15:02:38 2017 No.5124280

>>5124196
What are you on about. Current fee >$20. Fact. Current backlog >150k transactions. No hope to speed things up and lower transaction fees. Currently cupping the balls of bank overlords known as blockstream. I actually cashed out and made money. I am dispassionately observing now. I see the writing on the wall. Average joes piling in. Bubble popping any day

Anonymous Sat Dec 16 15:02:53 2017 No.5124288

>>5123063
don't forget that bitcoin is a GLOBAL phenomenon, everyone in the world with an internet connection and some money can join the circus. there are so many worldwide uses for a decentralized transaction tool, it could very well be that demand will always be bigger than supply, leading to endless growth.

this is an interesting article from last year mentioning the role bitcoin can play in breaking the currency monopoly central banks have: https://www.cnbc.com/2016/04/05/the-fed-is-a-god-that-has-failed-george-gilder-commentary.html

>What we are doing now is having money's value determined by international currency trading. Ten banks control 77 percent of all currency trading. When currency value is more varied and volatile than the economic activity that it measures.

TLDR: I believe through worldwide crypto trading we're taking a piece of (((their))) pie. CME might very well be an attempt to neuter crypto.

>>	Anonymous Sat Dec 16 15:02:55 2017 No.5124290 >>5122744 nah m8 this will have more collector's value than confido. i can see it at $1-$10 for sure

>>	Anonymous Sat Dec 16 15:03:40 2017 No.5124307 >>5124230 18 months 18 months 18 months Can’t wait to give blockstream my bitcoin and get ious back.

>>	Anonymous Sat Dec 16 15:04:38 2017 No.5124332 >>5124251 They already tax it in the form of capital gains.

>>	Anonymous Sat Dec 16 15:05:59 2017 No.5124374 >>5124162 That's fine but a £600 spread? Seems excessive.

Anonymous Sat Dec 16 15:06:12 2017 No.5124384

>>5124247
BTC will be like gold in the future. you will use lightning network to keep your BTC on the bank. then you will be able to spend it using a credit/debit card. BTC will be the most valuable asste in the world. Write this down... remember it. You have been warned. There's still time to accumulate. Don't miss this opportunity.

>>	Anonymous Sat Dec 16 15:06:55 2017 No.5124399 >>5124374 3% this isn’t your granddads stock market either

>>	Anonymous Sat Dec 16 15:07:32 2017 No.5124421 >>5124384 lightning network will serve as a link between corporations/banks and BTC. blockstream will be the middle man.

>>	Anonymous Sat Dec 16 15:08:02 2017 No.5124432 >>5124384 That sounds familiar. I put the gold in the bank and get these gold backed notes in return. Somewhere along the way someone sold the gold. Yfw you fell for the oldest scam in history.

>>	Anonymous Sat Dec 16 15:08:36 2017 No.5124449 >>5124399 Fair enough

>>	Anonymous Sat Dec 16 15:09:05 2017 No.5124457 >>5124421 I’m sure they’ll take a small cut for that. Almost like they crippled bitcoin on purpose.

>>	Anonymous Sat Dec 16 15:10:35 2017 No.5124488 >>5124280 most of the action is gonna come when the CME short contracts close in Jan

>>	Anonymous Sat Dec 16 15:12:51 2017 No.5124557 >>5122704 $700

>>	Anonymous Sat Dec 16 15:13:32 2017 No.5124569 You guys said $500k 6 months ago what happened?

>>	Anonymous Sat Dec 16 15:14:09 2017 No.5124583 >>5124569 Blockstream happened.

>>	Anonymous Sat Dec 16 15:16:04 2017 No.5124636 File: 468 KB, 494x643, hehoo.png [View same] [iqdb] [saucenao] [google] >>5124569 Large unconfirmed transactions, lightning network being at best being a middle man which misses the point of crypto entirely, and manic-tier reaction from normies.

>>	Anonymous Sat Dec 16 15:16:59 2017 No.5124668 >>5124569 Unironically Blockstream

Anonymous Sat Dec 16 15:19:36 2017 No.5124746

>>5124636
well, once the entire global economy is using BTC to back FIAT, the value of BTC will be so high that 1 BTC will be worth millions of dollars. Even if you are a libertarian anarcho capitalist, why would you cuck yourself out of such an opportunity? Yeah, I get it, the NWO is going to win again. But... it is inevitable. May as well keep some of the BTC money in your own hands, so you can have the power to make the world a better place in the future.

Anonymous Sat Dec 16 15:19:54 2017 No.5124757

>>5124569
>You guys said $500k 6 months ago what happened?

I've always held belief that BTC won't remain first mover advantage forever and could die. The issues with BTC are just a lot more apparent now and I can imagine a decent number of factors hindering BTC long term

>>	Anonymous Sat Dec 16 15:22:15 2017 No.5124821 300k in 2019. 20k in 2019

Anonymous Sat Dec 16 15:22:22 2017 No.5124825

>>5124746
Lol. This won’t happen. To be legitimate taxes must be able to be payed in btc. This will never happen. You think any government will bow to some neck beards and their coinz? Never. They will straight up copy and it and launch it under a different name before that happens. You can keep your science experiment. No government will ever adopt it. Ever. They may launch their own crypto but so long as taxes are paid in the national currency you will be laughed at. Your currency is inherently deflationary. That alone means it will never be adopted.

Anonymous Sat Dec 16 15:24:41 2017 No.5124898

>>5124384

That's not how gold works, we stopped using it to back currencies decades ago (and no, it's not a good idea to go back to doing things that way). Gold is a hedge. Perhaps BTC has a future in that kind of role, but that's not why people are buying it now and has nothing to do with its meteoric rise, so if the high price is nothing to do with its usefulness as a currency, and nothing to do with its usefulness as a hedge, then what is it other than a speculative bubble?

Anonymous Sat Dec 16 15:27:27 2017 No.5124989

>>5124825
>You think any government will bow to some neck beards and their coinz?
You think neckbeards created BTC? You know satoshi nakamoto is a meme, right? The fucking illuminati are the creators of Bitcoin. they own 10% of the Bitcoins and they WILL make it into a new global currency. This is the biggest wealth transfer in history, mate. Don't let ancap memes and some "revolution" keep you out of it. I'd rather have BTC in the hands of good freedom loving people, than some greedy fucks. If you truly despise centralization and the way things are in thsi world and you want to change it, you need to first have power. In the future, BTC is power. Accumulate it.

>>	Anonymous Sat Dec 16 15:30:20 2017 No.5125058 File: 6 KB, 419x249, 1480172620279.png [View same] [iqdb] [saucenao] [google] >>5124989 >The fucking illuminati are the creators of Bitcoin. THE ABSOLUTE STATE OF BITCOINERS

>>	Anonymous Sat Dec 16 15:33:35 2017 No.5125161 >>5124280 Bud, $50 is a drop of ink in the ocean of milk, faggot.

Anonymous Sat Dec 16 15:34:16 2017 No.5125175

>>5124989

Why would the Illuminati would transfer wealth to poorfags and useless NEETs?

Why would BTC be used a currency when it can't even be used as a currency?

How's BTC not centralized when all of its development is controlled by Bitcoin Core and mining is only done by large companies?

Anonymous Sat Dec 16 15:34:33 2017 No.5125182

>>5122704
$1m to $10m per coin.

Reason? Bitcoin is a shitcoin, but it is turning into a collector's item. We can safely assume all Satoshi's coins are lost - and a lot more as well, so there are maybe 16m bitcoin that can be bought and sold.

At some point, every rich monkey like Trump or some Sheiks or some Chinese billionaires will buy bitcoin - and will try to have more than their neighbor.

The last halvening didn't do too much, but the next will explode the price.

>>	Anonymous Sat Dec 16 15:34:47 2017 No.5125189 >>5124432 lol

>>	Anonymous Sat Dec 16 15:35:46 2017 No.5125223 >>5125182 >The last halvening didn't do too much false

>>	Anonymous Sat Dec 16 15:35:53 2017 No.5125226 >>5123869 No, with FED rising interests it goes straight back to usd and bonds

>>	Anonymous Sat Dec 16 15:36:20 2017 No.5125237 >>5125161 You can’t be serious. >be me >buy groceries >total is $150 >”that will be $189,54 >thefuck.jpeg >”sure there is 39.54 transaction fee.” Just. A. Drop. In. The. Fucking. Ocean.

>>	Anonymous Sat Dec 16 15:36:43 2017 No.5125252 >>5122704 $0.1

>>	Anonymous Sat Dec 16 15:37:02 2017 No.5125260 >>5123660 I work at Trader Joe’s and I am giving block chain tips. So yes

>>	Anonymous Sat Dec 16 15:37:34 2017 No.5125274 >>5122704 0

Anonymous Sat Dec 16 15:38:00 2017 No.5125291

>>5125175
>Why would the Illuminati would transfer wealth to poorfags and useless NEETs?
Why would the illuminati allow some useless nerdy shit like mark suckerberg have so much power with his control of information (facebook)?
what about bill gates? don't let the media and public perception on things cloud your judgement. BTC is the future. it IS a part of the master plan. NEETs are also a part of the maste rplan, since automation will take over the world. modern day "NEETs" are sumply people who are already adapted to the new world economy.

Anonymous Sat Dec 16 15:38:38 2017 No.5125310

>>5122899
>government says let's take it
You mean like they did in Venezuela? They fail and even more of their citizens turn to it to the point that the government itself decides to make a crypto and beg their people to use that crypto instead of bitcoin. They don't.

>>	Anonymous Sat Dec 16 15:38:41 2017 No.5125312 >>5122704 5 Years is the time to make a new universe run it's course in crypto. Anything could happen, but if everything goes well for bitcoin, probably close to a million per coin. 950k-970k

Anonymous Sat Dec 16 15:41:41 2017 No.5125388

2018: futures market pumps btc to 50k then crashes it to 20k. BTC climbs back to 30k eoy
2019: reward halves, BTC=50k
2020: 99% of btc mined, FOMO like you've never seen pumps BTC to 100k
2021: anyone who didt buy BTC commits mass suicide when it hits $1MM
2022: BTC funds a successful manned moon mission. Consturction of BTC moonbase begins. Fiat begins to inflate at an increasing rate. Price of bitcoin goes to $2mm, but due to inflation the purchase power of BTC is reletively the same
2023: Cryptocurrency has replaced fiat in most african countires.
2024: Trump signs executive order making the US dollar a crypto-backed currency.

>>	Anonymous Sat Dec 16 15:42:22 2017 No.5125407 File: 91 KB, 450x300, 1511640649887.jpg [View same] [iqdb] [saucenao] [google] >>5122704 2018 $128k 2019 $512k 2020 $1024k 2021 $2048k 2022 $4096k

>>	Anonymous Sat Dec 16 15:42:57 2017 No.5125429 >>5125388 Will bitcoin be using more or less electricity than all Europe at this point? Asking for a friend.

>>	Anonymous Sat Dec 16 15:44:24 2017 No.5125464 >>5123660 Also there are no market makers adjusting prices, this is the main difference

>>	Anonymous Sat Dec 16 15:44:57 2017 No.5125479 >>5125429 You mean before or after WW3?

>>	Anonymous Sat Dec 16 15:45:22 2017 No.5125487 >>5125429 How much energy goes into traditional finance?

>>	Anonymous Sat Dec 16 15:45:25 2017 No.5125490 >>5125429 >lightning network. >high electricity consumption. pick one, motherfucker

>>	Anonymous Sat Dec 16 15:45:49 2017 No.5125499 >>5124557 watch the show monday afternoon, this page will be pink on tuesday

>>	Anonymous Sat Dec 16 15:46:27 2017 No.5125521 >>5125429 also, fusion reactors are already finished developing.

Anonymous Sat Dec 16 15:47:48 2017 No.5125554

>>5125479
No difference. Electricity will come at a premium going forward. Bitcoin is unsustainable for many many reasons. It is 1st gen. if a crypto is to catch on it will need to be scalable, decentralized and no miners. This is not bitcoin. Not on any of those 3 points. Mining will eventually be consolidated and need to be done next to a power plant. If you want to be rich find the DAG that will reach adoption and invest in that.

>>	Anonymous Sat Dec 16 15:48:51 2017 No.5125582 >>5125521 Your currency relies on a science fiction method of generating electricity.

>>	Anonymous Sat Dec 16 15:49:26 2017 No.5125600 File: 111 KB, 640x424, al.png [View same] [iqdb] [saucenao] [google] >>5125237 LMAO!!!!!!!!!!

>>	Anonymous Sat Dec 16 15:49:54 2017 No.5125614 >>5125499 Prediction?

>>	Anonymous Sat Dec 16 15:55:35 2017 No.5125759 File: 11 KB, 340x270, il_340x270.1419805041_t916.jpg [View same] [iqdb] [saucenao] [google] dow caps now replaced with btc caps

>>	Anonymous Sat Dec 16 16:02:16 2017 No.5125928 >>5125614 Rumor http://thehill.com/homenews/administration/365234-trump-to-accuse-china-of-economic-aggression-report

>>	Anonymous Sat Dec 16 16:02:48 2017 No.5125950 File: 1.73 MB, 2403x1651, honestMoney.jpg [View same] [iqdb] [saucenao] [google]

Anonymous Sat Dec 16 16:13:21 2017 No.5126258

>>5125582
>age of exploration
>age of imperialism
>industrial revolution
>technology starting to advance at logarithmic rate
>automobile, airplane, electricity, radio, telephone, television, and internet reach mass adoption all in the same century
>more scientific research conducted n the last century than in the previous millenium

we'll power the world on fusion reactors by 2100

>>	Anonymous Sat Dec 16 16:14:47 2017 No.5126285 >>5122731 $20.50

>>	Anonymous Sat Dec 16 16:17:28 2017 No.5126356 >>5123962 And a loaf of bread 250K

>>	Anonymous Sat Dec 16 16:18:49 2017 No.5126393 >>5125490 >trustless transactions without third party between individuals >Lightening Pick one faggot

>>	Anonymous Sat Dec 16 16:46:11 2017 No.5127050 Bitcoin will be like a savings account.

>>	Anonymous Sat Dec 16 16:52:56 2017 No.5127247 >>5127050 exactly

Anonymous Sat Dec 16 16:57:10 2017 No.5127357
File: 34 KB, 603x603, 1510881268438.jpg [View same] [iqdb] [saucenao] [google]

>>5126258
fusion reactors are not needed necessarily, or maybe only northern altitudes.

solar power is constantly ongoin fusion reactor and it will become incredibly efficient + battery life is increasing exponentially so everything from cars to planes will be electric. you could already power whole usa with a solar panel field size of manhattan long island

Anonymous Sat Dec 16 16:58:36 2017 No.5127395

>>5126393
>trustless transactions without third party between individuals
you do realize banks will not engage in trustless transactions directly with shady cryptocurrency owners, exchanges and BTC miners, right? Lightning Network created the "trusted" factor that banks need the most. Blockstream will handle that aspect. Once that is done, banks will come into the market, and then you will see some REAL FOMO to buy bitcoin. This i still the wild west. Once 70% of all the money in the world rushes to crypta, then you will wish you had BTc instead of some useless shit-tokens.

>>	Anonymous Sat Dec 16 16:59:58 2017 No.5127425 >>5127395 >siding with bankers gtfo my crypto

>>	Anonymous Sat Dec 16 17:01:08 2017 No.5127456 File: 282 KB, 1078x865, John_McAfee_Bitcoin.jpg [View same] [iqdb] [saucenao] [google] >>5122704

Anonymous Sat Dec 16 17:01:45 2017 No.5127472

>>5125600
>leave some of your BTc stored on your bank account address in the lightning network
>make instant transaction without expensive fee
also, in the future, we will not even need internet access to check transactions and stuff. the blockchain will be connected to satellite, so there's not chace of transaction failure due to internet provider problems.

>>	Anonymous Sat Dec 16 17:05:12 2017 No.5127549 File: 31 KB, 600x400, 1441861750873.jpg [View same] [iqdb] [saucenao] [google] >>5122704 Make your own prediction https://diegorod.github.io/Bitcoin-Price-Predictor/

>>	Anonymous Sat Dec 16 17:07:11 2017 No.5127598 File: 74 KB, 949x634, e8e53b0c.jpg [View same] [iqdb] [saucenao] [google] >>5127456 dick eater's yoga book might be worth reading. that madman is a genius

Anonymous Sat Dec 16 17:25:46 2017 No.5128245

>>5127395
>>5127472

You're still failing to understand something absolutely fundamental - an asset which is increasing in vale at any kind of rate can not function as a currency, it just won't. That's called deflation, and even a modest percent or so is pretty poisonous to an economy based around that currency. BTC is deflating at what, well over 500%?

There might be a future for crypto in some kind of role similar to what you suggest, but it's going to function a lot more like fiat, and have a fairly stable value with gentle inflation (i.e. It will become less valuable over time). Bitcoin obviously doesn't meet those criteria.

>>	Anonymous Sat Dec 16 17:28:36 2017 No.5128339 >>5122704 5 years? $500,000. Screen cap it, and digits confirm.

>>	Anonymous Sat Dec 16 17:37:50 2017 No.5128648 >>5127425 >betting against the jews

Anonymous Sat Dec 16 17:45:09 2017 No.5128852

Question for the crypto kiddies. Bitcoin is now world reserve currency. You take out 50btc business loan on $20btc of monthly transactions. Month one is great. Make payment. Month two you only do 19btc business. Value is rising too much. Month three only 18btc even though business is increasing. Btc value is going up so fast that people need less of it to buy shit. Still make payment. 12 months out only doing 8btc worth of business even though business value has doubled. Can’t make loan payment. Go bust.

That is deflation. That is what bitcoin is doing. Bitcoin will never be a legitimate currency if it is deflationary. Since it is inherently deflationary it will never be. Unless lightning network pulls some fractional reserve banking bullshit with lightning bitcoin is dead on arrival. All deflationary cryptos are.

Anonymous Sat Dec 16 17:49:59 2017 No.5128991
File: 114 KB, 720x960, 1439656120500.jpg [View same] [iqdb] [saucenao] [google]

>>5127395
>Lightning Network created the "trusted" factor that banks need the most.
>Blockstream will handle that aspect
>Once that is done, banks will come into the market, and then you will see some REAL FOMO to buy bitcoin
WHAT THE FUCK
ARE YOU SERIOUS??????
Please buy my bitcoin, I have some nice buy orders at 25K

>>	Anonymous Sat Dec 16 17:50:40 2017 No.5129014 Answer this question, please. No, there is no reward for doing so. Dick picks, maybe? http://www.strawpoll.me/14635981

>>	Anonymous Sat Dec 16 17:52:15 2017 No.5129053 >>5129014 Can I answer multiple times with VPN? Fuck why am I asking, I'll just do it

Anonymous Sat Dec 16 17:52:53 2017 No.5129068

>>5128852
You can price things in an inflationary currency like dogecoin and use atomic swaps to transact with your bitcoin store of value. Your loan depreciates with the currency like now. Or loans can just be tied to a purchasing power index like is also done now.

>>	Anonymous Sat Dec 16 17:54:33 2017 No.5129113 >>5129053 What is the point of doing so? Oh, right. Fuck the system. Wait a second. I'm going to raise the toilet lid.

>>	Anonymous Sat Dec 16 17:54:56 2017 No.5129124 >>5129068 Or leave the current non broken system in place. Why would the banks switch?

>>	Anonymous Sat Dec 16 17:55:34 2017 No.5129141 >>5123063 >modest and stable Get out 2012 /biz/. Go back to posting about Vanguard index funds.

>>	Anonymous Sat Dec 16 17:55:43 2017 No.5129144 >>5129014 >data mining faggot

>>	Anonymous Sat Dec 16 17:57:07 2017 No.5129174 >>5122704 0.00000001 bancor

>>	Anonymous Sat Dec 16 17:57:10 2017 No.5129175 >>5128852 >Bitcoin will never be a legitimate currency Of course not. It’s a pseudo anonymous way to buy drugs online.

>>	Anonymous Sat Dec 16 17:58:11 2017 No.5129201 >>5129113 Please don't tell me you take anything on here serious or use it for some trend metrics. Only a fool would do this

Anonymous Sat Dec 16 17:58:27 2017 No.5129212

>>5129144
Is it really data mining if I just look at it and try to figure out what the fuck is the current climate on crypto without opening excel?

I actually just want to know which % of crypto investors does some sort of regular cashing out.

I have talked to friends, but none of them are doing it. I associate with madmen.

>>	Anonymous Sat Dec 16 17:58:34 2017 No.5129215 >>5122846 What do they use?

>>	Anonymous Sat Dec 16 17:59:27 2017 No.5129237 >>5122704 $150k

>>	Anonymous Sat Dec 16 18:00:32 2017 No.5129269 >>5122704 5 years? 300K

>>	Anonymous Sat Dec 16 18:00:40 2017 No.5129273 >>5129201 No. Just personal use, obviously. I want to know how many of you are rebalancing. None of my friends are doing it and I find that shit scary.

>>	Anonymous Sat Dec 16 18:00:53 2017 No.5129276 File: 360 KB, 1000x712, gatesBitcoin2016.jpg [View same] [iqdb] [saucenao] [google] I say between $100 and $150k per coin by 2020.

>>	Anonymous Sat Dec 16 18:01:13 2017 No.5129285 >>5123994 this is what I'm scared of

Anonymous Sat Dec 16 18:01:16 2017 No.5129290

>>5129124
They will be forced to because no one wants to use their broken system based on trust and "verification" that's only available to people already deep in the system. A system where the user has no ownership except as far as the bankers allow you. There are billions they can't serve because their system doesn't work at all and no reason to give them money and trust for doing things that can be automatic and trustless.

>>	Anonymous Sat Dec 16 18:01:40 2017 No.5129297 >>5123557 bcash is not the answer sorry bro.

Anonymous Sat Dec 16 18:03:23 2017 No.5129341

>>5129273
what did you not understand about
>Please don't tell me you take anything on here serious
>Only a fool would do this
Get a grop on market psychology, and game theory, for the sake of your funds, don't take anything on here serious, it is more rational to feed you with false information than to tell you the truth, stop believeing in humanity when it comes to cold hard shekel

>>	Anonymous Sat Dec 16 18:05:56 2017 No.5129421 >>5129341 I don't lose anything by asking. Even if the results are too few and skewed as fuck. And of course I don't believe in humanity. I celebrated my 10th bday a long time ago.

>>	Anonymous Sat Dec 16 18:06:01 2017 No.5129423 >>5129215 Monero and Bitcoin Cash

Anonymous Sat Dec 16 18:06:10 2017 No.5129428

>>5123660
Bro I browse boomer conservative boards (guns/atvs) and these fucks are talking about litecoin, ripple, btc, etc. Old fucks are complaining about how coinbase works and others are saying "how do I turn btc into ripple??"

There's like 3 crypto threads a day and it's usually just shit about abortion and ar15s. I'm worried we've reached peak normie... maybe this is more like the pre-warning stage: your weird uncle is talking about altcoins. We're one step away from shoeshine boys.

>>	Anonymous Sat Dec 16 18:08:22 2017 No.5129493 >>5129290 Most people don’t care. They want to use what works. They only want bitcoin to get rich. Otherwise they could give a flying fuck. Only the cultists think it could one day be legitimate.

>>	Anonymous Sat Dec 16 18:12:06 2017 No.5129602 >>5129493 The only who really care are chinese avoiding capital controls, who could something else and druggies who are about to switch. We are heading for peak new economy 2.0 where this >>5129428 is a pretty good indicator.

Anonymous Sat Dec 16 18:12:34 2017 No.5129616

>>5128245
spartans used pieces of iron as currency. it worked pretty well for their economy. people could either trade for iron, or mine it themselves. Also, the BTC itself will be a store of value, while litecoin and other cryptos will be currency (some of them will have hyperinflation, and keep losing value, just like FIAT). The thing is, there's no reason not to hold BTC right now. We can all see the writting on the wall. the 1988 prediction on the conomist magazine was right about the "rise of the phoenix" global currency. Bitcoin was indeed created by the powers that be (and they hold 10% of it).

Anonymous Sat Dec 16 18:18:08 2017 No.5129768

>>5129493
>They want to use what works.
Billions don't even have access to the traditional banking network because it doesn't work, it relies on a bunch of people shuffling papers around and assuming a bunch of stuff that regularly goes wrong. Anyone can use Bitcoin to store value, not everyone has access to banks and banks don't actually store value, they use it for their own thing and sometimes lose it all. Future investment will be direct like all these shitty little ICOs show.

Anonymous Sat Dec 16 18:18:30 2017 No.5129782

>>5128991
25k is incredibly underpriced. if only you knew what is going to happen to the USD dollar soon.
>trading a limited valuable globally accepted cryptocurrency for a national currency of a country that in currently more than 20 trillion dollars in debt
literally why would you sell that low? do you not realize that bitcoin is worth a lot more than this? i get it, you can sell for 30k and if it drops you can buy more and keep the profits to buy stuff. but one day, banks/institutions will come in and buy the entire market, shooting the price up by 300k and you will not be able to buy in again. all your "profits" will have meant nothing in the long run. You will gain a lot more by holding and buying the dips. I know "buy the dip" is a meme, but it also the truth. That's all you have to do. You are not "profiting" by keeping USD. USD is an undead currency. The banks will pull the rug and crash US economy, while THEY already have the replacement ready (and they've accumulated a LOT).

>>	Anonymous Sat Dec 16 18:19:46 2017 No.5129816 >>5129616 Dude. Bitcoin used to be “muh currency of the future.” Then blockstream intentionally crippled it so they could do their lightning network thing. Now it’s “muh store of value.” Pick one.

Anonymous Sat Dec 16 18:20:15 2017 No.5129835

>>5129493
Nah. It doesn't even have to be a currency. People can use it like gold/stocks. Now you diversify even further in your investments. Whatever crypto is easiest for boomers to invest in will moon hard. There needs to be something retard easy to use, even easier than buying btc on coinbase.

We need to make boomercoin.

Anonymous Sat Dec 16 18:23:28 2017 No.5129924
File: 126 KB, 600x412, slow-and-poo-poo-pee-pee-dinosaur-coin-always-wins-the-race.jpg [View same] [iqdb] [saucenao] [google]

>>5129816
it will be used as both. you will also be able to convert you BTC into tokens for use in many services (transportation, advertisement and other shit). Certain tokens will give you benefits for using them. Bigger changes than you can imagine are upon us. Research "internet of things". EVERYTHING is connected in the future. There's no escape now. It's too late for regrets. We helped bring this reality to existence. Quit chasing USDs, chase the BTC.

>>	Anonymous Sat Dec 16 18:23:51 2017 No.5129938 >>5129835 They might just wait until they launch a bitcoin ETF in the coming months.

>>	Anonymous Sat Dec 16 18:24:13 2017 No.5129947 >>5129835 The only reason this shit moons is because it is deflationary. Being a currency gives it utility. It can’t be a currency because it is deflationary. It needs utility for value. Otherwise you are just buying cats.

>>	Anonymous Sat Dec 16 18:24:58 2017 No.5129965 >>5129782 >>5129924 We have a prophet here.

>>	Anonymous Sat Dec 16 18:26:54 2017 No.5130011 >>5129782 >crash US economy Lol.

Anonymous Sat Dec 16 18:27:59 2017 No.5130040
File: 823 KB, 1035x612, the real meaning.png [View same] [iqdb] [saucenao] [google]

>>5129782
Hey the world might be struck by a cosmic lightning today and maybe we will avoid peak decadence and Spengler will be falsified. I know why I entered the game and I always will keep that one bitcoin I bought at $8 and said I wouldn't sell. For the rest, I'm not a sell out, let the banker play with it and have them deal with the a bunch of ancient whales, they are bound to lose. I will stand at the side line and laugh, and when I want some questionable goods, I buy the altcoin with the most security. Fuck bitcoin, I'm out

>>	Anonymous Sat Dec 16 18:29:31 2017 No.5130081 >>5127549 lulz only allows you to predict upwards. C/U Monday afternoon >https://diegorod.github.io/Bitcoin-Price-Predictor/

>>	Anonymous Sat Dec 16 18:31:03 2017 No.5130113 Roughly 3.6 million USD per coin. >3.6 million 3.6 million.

>>	Anonymous Sat Dec 16 18:32:45 2017 No.5130162 File: 163 KB, 774x581, 1988economistcover.jpg [View same] [iqdb] [saucenao] [google] >>5124288 Rothschild owned magazine

Anonymous Sat Dec 16 18:34:01 2017 No.5130188

>>5129616

>store of value

Yeah, maybe, if it weren't for the fact that 99.9% of bitcoins are held by speculators chasing a fast profit.

Anyway, where are the benefits to banks or governments in adopting any type of crypto with a fixed currency supply outside of their control, and thereby giving up all of their monetary tools?

>>	Anonymous Sat Dec 16 18:34:44 2017 No.5130206 What does fiat mean? Pls no bully

Anonymous Sat Dec 16 18:35:24 2017 No.5130224

>>5129947
The utility is as a globally trusted store of value. I own bitcoin unlike cash which I only hold for the government or bank balances which the bank holds and uses. I can buy gold to store value but then I have to store it somewhere, it's hard to make liquid and it can easily be stolen. I could buy from a broker and store it with him but he could go bust or get robbed or whatever. Private keys are much easier to hold, more secure and you always have instant access everywhere in the world.

>>	Anonymous Sat Dec 16 18:35:40 2017 No.5130233 >>5122704 I honestly believe it will stabilize at 50k.

Anonymous Sat Dec 16 18:36:47 2017 No.5130264

>>5123660
>Are we at that point yet? BTC will stall and then crash when the ponzi runs out of suckers. That's got to be your best measure of whether the party is going to end sooner rather than later, once people with no prior understanding or experience of investing or the thinking behind crypto are all convinced it's free money.
This would make me think it's going to be within the next 1 or 2 years.
Recently, I've seen TV ads for Bitcoin exchanges here in my EU country. I am home for Christmas right now and even my mother has heard of it by this point and asked me about it. I think from here on out, the normies are coming in hard and they are the last suckers in this ponzi scheme as you put it.

Anonymous Sat Dec 16 18:37:05 2017 No.5130272

>>5130162
Yea. The new currency is called the Phoenix. Not bitcoin. Do you people seriously believe the most powerful people on earth will standby and let a wealth transfer like bitcoin proposes occur? They will hire mercenaries to blow up mining equipment before they let it happen. They will criminalize it. Send mercenaries into mining farms to destroy them. You will never ever win. Your tokens are good for buying coke, child porn and most recently speculation. That’s it.

If you seriously thought adoption could be a thing you should have created a currency that very slightly inflated when people buy in and Holds its value perfectly. Then you could measure adoption by users not price. This whole thing is laughable. Make your money and get out is my advice to you.

>>	Anonymous Sat Dec 16 18:38:09 2017 No.5130302 >>5130206 real life gov-backed money

>>	Anonymous Sat Dec 16 18:38:09 2017 No.5130303 >>5130206 it's a brand of car

>>	Anonymous Sat Dec 16 18:38:18 2017 No.5130309 >>5122704 In five years it will be worthless.

>>	Anonymous Sat Dec 16 18:38:58 2017 No.5130326 >>5130206 Currency not convertible into coin or specie of equivalent value.

>>	Anonymous Sat Dec 16 18:40:55 2017 No.5130376 File: 500 KB, 1148x1600, hfdsdfghj1.jpg [View same] [iqdb] [saucenao] [google] >>5122704 When does Bitcoin get too big to fail?

>>	Anonymous Sat Dec 16 18:42:40 2017 No.5130423 >>5124280 If major banks adopt bitcoin, they will have their own clearing house ... relieving transactions on the network.

Anonymous Sat Dec 16 18:43:47 2017 No.5130451

>>5122704
After all the money that people are ready to invest finishes. And also when it wont be that easy to pump the value with just a couple of billions. I predict btc to go up to maybe 40k, then we'll have some weeks of stagnation and panic sell when investors realise it is not possible to pump the price higher.

Anonymous Sat Dec 16 18:43:52 2017 No.5130453

>>5130272
>you should have created a currency that very slightly inflated when people buy in and Holds its value perfectly
You're clearly a big fan of dogecoin. Fast transactions, low fees, 5% yearly inflation, holds btc value perfectly. Because no one takes their doge holdings seriously the devs can change things when necessary. All good things for transactions but not for trusting it to store value.

>>	Anonymous Sat Dec 16 18:44:11 2017 No.5130463 >>5130376 a few years ago when it reached 40 billion invested worldwide now its around 400 billion

>>	Anonymous Sat Dec 16 18:45:32 2017 No.5130505 >>5130206 Literaly "believe me, we have this much" t.government

>>	Anonymous Sat Dec 16 18:46:13 2017 No.5130532 100k, conservativly.

Anonymous Sat Dec 16 18:48:26 2017 No.5130593

>>5130463
$400B market cap does NOT mean $400B was invested. This is basic economics people. Bitfinex allows wash trading(trading with yourself) and tether is being printed from thin air to pump the price up. It’s so obvious that people trade of tether printing data. So $1B tether has been printed. That is enough to pump the market cap up to $400B if there are few sellers. How can you invest hard earned money into a situation you so clearly do not understand?

Anonymous Sat Dec 16 18:48:38 2017 No.5130597

>>5130206

It refers to a currency that has value as a mechanism of exchange because the government says so (by fiat, thus the name), as opposed to a currency pegged to a commodity like gold. It's generally used to refer to the system of monetarism where a central bank issues bonds and sets the rate of interest, with a view to controlling the supply of money in the economy and the rate of inflation.

>>	Anonymous Sat Dec 16 18:49:29 2017 No.5130624 File: 146 KB, 645x937, 91A94090-6D32-454B-B794-058B6FB6D361.jpg [View same] [iqdb] [saucenao] [google] >>5130593 Furthermore bitfinex was subpoenaed. Happy investing.

>>	Anonymous Sat Dec 16 18:50:37 2017 No.5130658 1 Million by 2023 screencap this faggots

Anonymous Sat Dec 16 18:51:36 2017 No.5130681

>>5123994
Sounds legit. Almost. It definitely required intl coop , many power levels above the US agencies. You need Asia and Russia on board. If this was CIA made, China and Russia would shut down easily.
BTC comes up from the levels even above the Jews.
The unexpected problem is that BTC is built on trust and such a dump could push the process of adaptation decades backwards.

>>	Anonymous Sat Dec 16 18:53:01 2017 No.5130727 File: 372 KB, 1019x1019, 1399763053589.png [View same] [iqdb] [saucenao] [google] I bought bitcoin a while ago to buy drugs but never used it. What the fuck is it even used for now?

>>	Anonymous Sat Dec 16 18:54:22 2017 No.5130759 >>5130727 Speculation. And drugs. They are actually losing merchant support daily.

Anonymous Sat Dec 16 18:55:07 2017 No.5130772
File: 12 KB, 199x253, karmic_pepe.jpg [View same] [iqdb] [saucenao] [google]

>>5130272
>Do you people seriously believe the most powerful people on earth will standby and let a wealth transfer like bitcoin proposes occur?
No. I think they will use paid shills to promote shitcoins that can be bought on shady exchanges using BTC, then they will hack the exchanges and take all the BTC contained in them. Then they will claim that this wouldn't have happened if a trusted system like lightning network was in place and you had your BTC locked in it. After seeing this, bitcoin holders will be mmore than willing to transfer their BTC to LN. This way, bitcoin holders are kept under control, since THEY control your transactions and your ability to spend. If you bcome a problem, they could just freeze your account (and you can't even move to another country to escape their financial abuse, because the network is global).
That's what they COULD attempt to do, if they wanted, but they couldn't be that evil and manipulative, right? Power only corrupts those who are already dead inside.

>>	Anonymous Sat Dec 16 18:57:02 2017 No.5130821 >>5130206 It's kind of like Tethers.

>>	Anonymous Sat Dec 16 18:57:20 2017 No.5130829 >>5130727 soon it will be used to control the entire global economy. be thankful you didn't buy the drugs with it.

>>	Anonymous Sat Dec 16 18:57:54 2017 No.5130848 $0. Would've been $1,000,000 but the normies are onto it now.

>>	Anonymous Sat Dec 16 19:01:52 2017 No.5130951 >>5122704 probably 1 million or so

Anonymous Sat Dec 16 19:06:40 2017 No.5131090

>>5130772
You still own bitcoins in lightning. If one of your channel peers is acting up, close the channel and open another. You can get your BTC back at any time by settling to the blockchain, and only a 51% attack could stop you, same as any other transaction.

>>	Anonymous Sat Dec 16 19:08:53 2017 No.5131150 File: 16 KB, 369x387, 25463923_10215649115320704_1565449661_n.jpg [View same] [iqdb] [saucenao] [google] $1M Unironically Screencap this post If you screencap this post and post it on /biz/ when BTC reaches $1M I will send you $10,000.

>>	Anonymous Sat Dec 16 19:08:56 2017 No.5131154 >>5131090 >settle to the blockchain for the low low price of $300

>>	Anonymous Sat Dec 16 19:11:31 2017 No.5131203 20x per year 2 million in 5 years

>>	Anonymous Sat Dec 16 19:13:50 2017 No.5131259 after the pop it took 4 years last time to get to new ath. i hope many reditards kill themselves with this pop. price will go for 1k to then climb to 30k in 5 years, and the cycle will repeat itself

>>	Anonymous Sat Dec 16 19:14:48 2017 No.5131282 >>5131154 Fees will plummet once most transactions are offchain. Eventually greater scaling improvements are needed, and either they get implemented or ethereum takes over. Either way I'm happy.

Anonymous Sat Dec 16 19:14:52 2017 No.5131285

>>5131090
>51% attack could stop you
what if china is in on it, working together with the NWO? what if the chinese miners are actually funded by chinese government. A lot of stuff will happen. Just know that this "crypto movement" is not a decentralized grassroots thing. There shady ops behind it. I can FEEL it. There's some conniving sorcery going on, behind the scenes... some really bad mojo, maine.

>>	Anonymous Sat Dec 16 19:16:38 2017 No.5131321 >>5131285 Discarding your derangement, my point was that a majority cartel of miners can already arbitrarily censor transactions, so lightning has the same threat model as standard bitcoin transactions.

Anonymous Sat Dec 16 19:17:20 2017 No.5131347

>>5131282
There will still be massive fees. At least if the argument is LN is actually decentralized (its not) but if it were that would mean there would be a shit load of individuals settling on the blockchain everyday. As most people can't lock up their capital for days or weeks at a time.

Anonymous Sat Dec 16 19:20:27 2017 No.5131408

>>5131347
Fees are quite inelastic; even a small drop below the transaction capacity leads to a race to the bottom and minimal fees. Then when there's a backlog they shoot up again. If most transactions are offchain we're at least another order of magnitude of adoption away from significant fee pressure again.
Bitcoin is comprised almost entirely of people parking capital for rampant speculation.

Anonymous Sat Dec 16 19:26:21 2017 No.5131572

>>5131408
Bitcoin Cash can handle the network now and into the foreseeable future with plans to scale block size as needed. Bitcoin Segwit simply cannot and there are nothing but promises of LN which isn't even fucking blockchain.

Parking capital isn't an option for most if we're looking forward to commerce.

>>	Anonymous Sat Dec 16 19:39:34 2017 No.5131920 >>5126258 so bitcoin will only be feasible as a dominant global currency in 83 years?

>>	Anonymous Sat Dec 16 19:42:25 2017 No.5132002 >>5129782 >if only you knew what is going to happen to the USD dollar soon. t. every ronpaulfag since the year 1990. USD still going strong bub

>>	Anonymous Sat Dec 16 19:45:57 2017 No.5132092 >>5131259 10x after each pop. $100 ATH popped and then btc hit $1000. $1000 popped and then btc hit 10k. 10k didnt pop so we hit 20k. if 20k pops we hit 200k in 2 - 4 years

>>	Anonymous Sat Dec 16 19:50:15 2017 No.5132214 >>5132002 >87% inflation since 1990 >USD still going strong :^)

>>	Anonymous Sat Dec 16 19:51:35 2017 No.5132250 1 Bean

>>	Anonymous Sat Dec 16 19:52:52 2017 No.5132278 >>5132092 >cycle will repeat itself it happened once, because of Mt Gox shit. Doesn't mean it will crash again. You need at least 3 events to identify a cyclic nature. You will lose your BTC value and will have to buy in at 100k.

>>	Anonymous Sat Dec 16 19:54:33 2017 No.5132330 >>5122704 Possibly as high as 500k - 1M

>>	Anonymous Sat Dec 16 19:55:03 2017 No.5132348 >>5132278 Bitfinex + tether

>>	Anonymous Sat Dec 16 19:55:25 2017 No.5132358 >>5122704 maybe 5k i see people moving to different cryptos, bitcoin is outdated and unweildy

>>	Anonymous Sat Dec 16 19:58:40 2017 No.5132443 >>5125388 "Trump [...] 2024" is the most unrealistic thing on there

>>	Anonymous Sat Dec 16 19:58:43 2017 No.5132446 >>5123812 Huh because I'm pretty sure weed, cocaine, and other illicit drugs are the same way...guess they're worthless, too.. Who'dve fucking thought

>>	Anonymous Sat Dec 16 20:02:22 2017 No.5132533 >>5132446 Those items have value. They provide a dopamine hit. Currency has value because it is spendable. If the government outlaws it will Walmart still accept it?

>>	Anonymous Sat Dec 16 20:08:03 2017 No.5132674 File: 122 KB, 720x960, 1512443845486.jpg [View same] [iqdb] [saucenao] [google] >>5122704 $1m someone will make sub-blockchains and all transfers will be within them only big boys and banks will use the original blockchain altcoiners will eat dirt

>>	Anonymous Sat Dec 16 20:08:46 2017 No.5132690 >>5123861 no....isn't this the 1st time

>>	Anonymous Sat Dec 16 20:09:20 2017 No.5132706 The most obvious bubble ever seen, might go near 100k but the big crash is inevitable. In 5 years, btc will be priced somewhere between 5-10k

Anonymous Sat Dec 16 20:13:48 2017 No.5132807

I got in a long time ago when the price of btc was only two digits. I have just been hodling and not actively trading. In the meantime I have been studying how to trade forex and futures and now I'm thinking of cashing that btc out and using that house money to trade with the big boys.

>>	Anonymous Sat Dec 16 20:15:12 2017 No.5132844 >>5132533 Bitcoins have value because they're scarce and they require resources to extract from the network, sorta like gold.

>>	Anonymous Sat Dec 16 20:16:14 2017 No.5132878 >>5132706 >boomer detected

>>	Anonymous Sat Dec 16 20:17:47 2017 No.5132922 >>5132844 Gold has industrial uses and you can physically hold it. I can also mail it as a currency faster than bitcoin transaction times.

>>	Anonymous Sat Dec 16 20:20:43 2017 No.5133019 >>5122704 0

>>	Anonymous Sat Dec 16 20:22:54 2017 No.5133081 >>5132878 Please study some history of economic bubbles

>>	Anonymous Sat Dec 16 20:23:57 2017 No.5133120 >>5130727 Check how much you have now. You might be wealthy.

>>	Anonymous Sat Dec 16 20:24:43 2017 No.5133138 >>5133081 >study history >to learn about new technology Brainlet detected

>>	Anonymous Sat Dec 16 20:25:17 2017 No.5133153 File: 92 KB, 640x633, 1464695419965.jpg [View same] [iqdb] [saucenao] [google] >>5125521

>>	Anonymous Sat Dec 16 20:26:10 2017 No.5133189 >>5132922 Top kek there are a fucking ass load of metals that can do what gold does and do it better. Not an argument.

>>	Anonymous Sat Dec 16 20:30:23 2017 No.5133296 >>5133138 “It’s different this time.” The sentence heard always at the peak of a bubble

>>	Anonymous Sat Dec 16 20:32:27 2017 No.5133355 >>5133189 Name some. Let’s start with corrosion resistance and have traits that make it easily applied for said corrosion resistance. Then we’ll tackle malleability and jewelry uses.

>>	Anonymous Sat Dec 16 20:32:39 2017 No.5133366 >>5133296 Actually since I'm older than you and have witnessed multiple bubbles pop-no one ever sees them coming.

>>	Anonymous Sat Dec 16 20:34:00 2017 No.5133405 File: 336 KB, 1634x1096, 4C626011-034B-44F6-89C0-71AE1AA1CCED.jpg [View same] [iqdb] [saucenao] [google] >>5133138 It’s a new paradigm and different.

>>	Anonymous Sat Dec 16 20:34:05 2017 No.5133407 BTC = GOLD no one uses it for transactions Instead it'll be jewelry, like 4chan passes but with bitcoin necklaces/rings/etc

>>	Anonymous Sat Dec 16 20:35:13 2017 No.5133439 About $20k. It'll probably peak at 50k in a year and then slowly decay.

>>	Anonymous Sat Dec 16 20:35:38 2017 No.5133449 >>5133366 Bullshit. Somebody always sees it coming and profits. It’s usually the people on the side lines who notice it. Not the ones getting rich. They are too busy to notice.

>>	Anonymous Sat Dec 16 20:36:24 2017 No.5133472 >>5131150 Consider it done

>>	Anonymous Sat Dec 16 20:38:56 2017 No.5133536 >>5129835 This exists. It's called ETN. It's shit but I'm holding it anyway for the reason you mentioned. Hardly ever gets shilled here for some reason.

>>	Anonymous Sat Dec 16 20:39:07 2017 No.5133542 File: 102 KB, 600x549, Butt2.jpg [View same] [iqdb] [saucenao] [google] $500-$700 on the long run, bitcoin is just inferior to altcoins.

Sage Sat Dec 16 20:41:36 2017 No.5133618
File: 1.23 MB, 716x1280, Lightening.webm [View same] [iqdb] [saucenao] [google]

>>5133542
1,000,000+

Banks are terrified of losing control of the payment industry. Once they realize it's happening before their eyes we will see the mad dash into BTC. It will be their only chance to stay relevant. 7 figures will happen seemingly over night. This hasn't even begun.

Anonymous Sat Dec 16 20:42:57 2017 No.5133652
File: 34 KB, 385x368, 1502126405624.jpg [View same] [iqdb] [saucenao] [google]

>>5123063
My boss at work, mom, and friend all came up to me asking about how to get into bitcoin in the past month. None of these people have any trading experience.

Blockchain will be the future. But bitcoin is in a massive speculative bubble.

Anonymous Sat Dec 16 20:43:06 2017 No.5133660

>>5133618
>
Banks are terrified of losing control of the payment industry. Once they realize it's happening before their eyes we will see the mad dash into BTC. It will be their only chance to stay relevant.

rofl, they will rather make their own centralized coin like ripple... and people will eat it.

>>	Anonymous Sat Dec 16 20:43:14 2017 No.5133664 >>5133618 How is bitcoin going to handle 25 tx/s let alone 50,000

>>	Sage Sat Dec 16 20:44:23 2017 No.5133692 >>5133660 How's that working out. Refresh the page there anon, BTC is king. This is what the people demand, you too dumb

>>	Sage Sat Dec 16 20:45:25 2017 No.5133718 >>5133664 LN

Anonymous Sat Dec 16 20:46:54 2017 No.5133756

>>5133692
People like get rich quick schemes. I bet less than 1% of people itt have read the white paper. Less than half truly get why it was invented. Now look at the general population and that also drops to less than one percent.
Say it together now. Speculative bubble

>>	Anonymous Sat Dec 16 20:47:44 2017 No.5133781 File: 3.46 MB, 377x372, 1497143917719.gif [View same] [iqdb] [saucenao] [google] >>5133718 >he thinks LN is not a scam just to keep bitcoin afloat a little bit longer

>>	Anonymous Sat Dec 16 20:48:08 2017 No.5133790 >>5133718 So centralized system it is. Also >EIGHTEEN MONTHS!!! >Eighteen Months! >eighteen months?

>>	Sage Sat Dec 16 20:48:35 2017 No.5133802 >>5133756 No man, the entire hodl world is not trying to get rich, we already are. We will hold till we can spend. My money is waiting for whoever wants it.

>>	Anonymous Sat Dec 16 20:49:27 2017 No.5133835 File: 269 KB, 960x1000, T2FalseWitnesses.jpg [View same] [iqdb] [saucenao] [google] >>5122704 >the internet as you know it will obsolete >no one will even know what bitcoin is >they will be quoting revelations in past tense Give or take a year or two

>>	Sage Sat Dec 16 20:49:50 2017 No.5133842 >>5133790 Not centralized. Banks can't own, only compete dummy.>>5133781 >>5133781 Wow

Anonymous Sat Dec 16 20:50:16 2017 No.5133855

>>5133802
Uh huh. The only reason why this bubble hasn’t popped yet is simple. It’s stupid easy to accumulate bitcoin. Want to cash out $50,000 worth? Good fucking luck. It’s an eye opening experiance. Walls everywhere. The money only flows one way, to pump the bubbble up

>>	Anonymous Sat Dec 16 20:50:21 2017 No.5133856 >>5124290 Base on what? I'm serious, as someone who has virtually all my net worth in crypto, why will I lose ecerything if I go into a coma for five years tomorrow?

Anonymous Sat Dec 16 20:52:37 2017 No.5133920

>>5133856
Bitcoin is 1st Gen and failing to adapt quickly. It will be forced out by better, faster currencies that don’t require the electricity output of small countries to achieve $20 dollar transaction fees and multi day confirmation times. Bitcoin has name recognition but will be left behind. Yes we know, lightning network wil centralize everything and fix it in 18 months. An eternity in crypto.

>>	Anonymous Sat Dec 16 20:53:03 2017 No.5133929 File: 3 KB, 225x225, images (1).jpg [View same] [iqdb] [saucenao] [google] >>5129423 Roger, you know that we have access to THIS tool and we know that Bcash blocks are near empty, do you? >link: https://fork.lol/tx/txs

>>	Anonymous Sat Dec 16 20:54:38 2017 No.5133968 >>5124898 It is a hedge against fiat. Its also a hedge against capital controls.

>>	Anonymous Sat Dec 16 21:02:09 2017 No.5134163 >>5125175 The Real illuminated are high IQ austists with a goal of uplifting people in an altruistic sense. Global shadow banking cartels have always been the enemy of the illuminati.

>>	Anonymous Sat Dec 16 21:05:06 2017 No.5134256 >>5130188 Hmm reminds of another 2000 year old bubble, Gold.

>>	Anonymous Sat Dec 16 21:06:11 2017 No.5134287 >>5133138 tech doesn't matter any shit in this case either

Anonymous Sat Dec 16 21:08:30 2017 No.5134347

i can see this board is flooded with normies and newfags.

do one of you faggots even understand the tech behind bitcoin ? or atleast the principle.

u can predict where things are going. u cant look at btc alone. include factors like sociology, evolution of money, mass psychology etc. and u will get it.

bitcoin will hit highs beyond your imagination ?
1 million ? ahaahahahahah

if bitcoin is a bubble where the world will anticipate u can calculate where shit is going.

if bitcoin is not a bubble, i can ensure it will hit 20+ million $ or even WAY more.

btw bitcoin was never designated to be a currency. so fuck of with transaction fees and slowness. its an asset.

>>	Anonymous Sat Dec 16 21:09:21 2017 No.5134369 >>5134256 Gold is not in a bubble. Bubbles don’t last 2000 years. Time will tell if bitcoin is. It will either take over or pop. No 3rd option.

>>	Anonymous Sat Dec 16 21:10:35 2017 No.5134393 >>5131572 Bcash is not open source. Crypto needs to be Anti-trust to work.

>>	Anonymous Sat Dec 16 21:11:01 2017 No.5134406 1.4 million dollars for 1 BTC in 5 years

>>	Anonymous Sat Dec 16 21:11:40 2017 No.5134421 File: 45 KB, 504x378, EA064D87-7203-4EBD-99EA-FBDFB3C54020.png [View same] [iqdb] [saucenao] [google] >>5134347 >claims to have read the white paper >bitcoin wasn’t intended to be a currency. Read the title. We’ll wait. . . Can you read?

>>	Anonymous Sat Dec 16 21:12:32 2017 No.5134439 If LN isn't mass adopted in 5 years, it's going to be sub $10000.

Sage Sat Dec 16 21:13:03 2017 No.5134460

>>5133855
Nah, have another look at the buy walls. Also, only a degenerate gambler would cash out. Cash out to what?, its over, every other asset class is compromised. You're never gonna make it. Us hold on for dear lifers are holding till we can spend it. How do you not know that?? FFS, 2017 people.

Anonymous Sat Dec 16 21:15:35 2017 No.5134536

>>5134421

I don't think anybody could imagine bitcoin being $100 in 2009. Where a fucking millibit is not $19.

Imagine a world where a Satoshi is worth $20. Bitcoin would be absolutely worthless as a medium of wealth transfer... But as a global hedge against destability... If the internet collapses your fucked, and your Gold is probably worthless too.

Anonymous Sat Dec 16 21:17:20 2017 No.5134576

>>5134421
give me evidence that the inventor of btc wrote this. the one/s who made this were ahead of their time. they included future factors. they knew blockchain wont allow a peer-to-peer cash system over time because of fees and slowness. the whitepaper is just a bait for cunts like you who believe everything they read on the internet.

>>	Anonymous Sat Dec 16 21:19:11 2017 No.5134614 >>5134576 It will if you increase the block size. See Bitcoin Cash

>>	Anonymous Sat Dec 16 21:19:30 2017 No.5134626 >>5134576 My god. The mental gymnastics required to be a Corecuck. I don't know what drugs you take, but you should share them.

>>	Anonymous Sat Dec 16 21:21:57 2017 No.5134687 File: 2.54 MB, 2948x7474, nocoiners life.jpg [View same] [iqdb] [saucenao] [google] >>5133660 Which will only make BTC's value more obvious.

>>	Sage Sat Dec 16 21:22:03 2017 No.5134690 >>5134536 Additional decimal places can be added with the consensus if the network

>>	Anonymous Sat Dec 16 21:23:07 2017 No.5134709 >>5122704 Parity mkt cap with gold minimum $500k if you don't see this, you're a clueless cuck without vision

Anonymous Sat Dec 16 21:24:28 2017 No.5134742
File: 2.80 MB, 2168x3096, satoshi blocks.png [View same] [iqdb] [saucenao] [google]

>>5134626
Satoshi predicted people not wanting to have hueg blocks, atomic swaps, payment channels etc, way after releasing the whitepaper. Stop thinking its the fucking bible you autist. Oh and he didn't definitely want FORKS.

>>	Anonymous Sat Dec 16 21:25:25 2017 No.5134767 >>5134576 Lol what the fuck? Satoshi released the paper himself in a mailing list.

>>	Anonymous Sat Dec 16 21:26:42 2017 No.5134800 also, satoshi on LN: https://www.cryptocoinsnews.com/nick-szabo-talks-necessity-of-second-layer-blockchain-on-top-of-bitcoin/

>>	Anonymous Sat Dec 16 21:40:32 2017 No.5135143 Probably $400k or more desu

>>	Anonymous Sat Dec 16 21:54:53 2017 No.5135444 >>5122970 >it's impossible now to say which, but it sure as hell won't be... You see the problem with this statement?

>>	Anonymous Sat Dec 16 22:01:57 2017 No.5135611 File: 77 KB, 753x463, ba2QVih.jpg [View same] [iqdb] [saucenao] [google] >>5122704 the bitcoin prophecy from 2014 is my guidelines

>>	Anonymous Sat Dec 16 22:06:37 2017 No.5135733 File: 45 KB, 500x281, 3008016_1347812668847.31res_500_281.jpg [View same] [iqdb] [saucenao] [google] >>5123933 >>5123633

>>	Anonymous Sat Dec 16 22:40:41 2017 No.5136551 >>5122719 1 million

>>	Anonymous Sat Dec 16 23:01:25 2017 No.5137019 >BTC will hit 100k when it goes mainstream >now that normies are buying in we are going to 0 pick one bizfags

>>	Anonymous Sat Dec 16 23:20:43 2017 No.5137492 1250-1500.

>>	Anonymous Sat Dec 16 23:21:41 2017 No.5137517 >>5129782 You fucking asshole, your investment plan is factoring in for the demise of the American economy? Take your Mad Max larping cunt out of here and go back to fucking /pol/, you utter fucking faggot

Advanced search
Text to find
Subject [?]Search by post subject. Leave empty for any.
Username [?]Search for user name. Leave empty for any user name.
Tripcode [?]Search for tripcode. Leave empty for any.
Email [?]Search by email. Leave empty for any.
Filename [?]Search by image filename. Leave empty for any.
From Date [?]Enter what date to start searching from. Format is YYYY-MM-DD
To Date [?]Enter what date to start searching until. Format is YYYY-MM-DD
Image hash
Search in	All Posts OPs Only
Deleted posts	Show all posts Show only deleted posts Only show non-deleted posts
Internal posts	Show all posts Show only internal posts Show only archived posts
Order	New posts first Old posts first
Capcode	All Posts Only by Users Only by Mods Only by Admins Only by Developers
Results	Posts Threads
Action	[ Simple ]

/biz/ - Business & Finance