Bitcoin General

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Bitcoin General Microsoft accepts Bitcoin Sat Dec 13 18:03:38 2014 No.580907 [Reply] [Original]

It's time to embrace bitcoin as the future of money:

Companies accepting bitcoin:

Microsoft—Second largest company in the world.

Dell—Fortune 100 company.

Dish—Fortune 500 company.

Overstock—First billion dollar company to accept bitcoin.

[Edit: Zynga—Actually beat Overstock as first billion dollar company to accept Bitcoin.]

Expedia—World’s largest travel site.

United Way—World’s largest charity.

Wikipedia—Fifth most popular website in the world.

Wordpress—Top digital content platform in the world.

Companies integrating bitcoin into their products:

Paypal / Braintree—Payments giant with 160 million users globally.

Stripe—Top mobile payments platform.

Intuit—Quickbooks and Mint product integrations.

NCR—Multi-billion dollar payments company.

Square—Multi-billion dollar payments leader.

Bitcoin General

>>	Anonymous Sat Dec 13 18:08:56 2014 No.580915 >it's time to embrace bitcoin as the future of money >[list of companies] Or I could save a step and just use credit cards like normal. Most of those companies just use a processor to immediately convert to local currency like USD anyway.

>>	Anonymous Sat Dec 13 18:10:00 2014 No.580916 >>580907 Bitcoin sucks ass

Anonymous Sat Dec 13 18:10:55 2014 No.580917

Why the fuck should I give a shit about magic beans?

Is the exchange rate equal to Pixie Shit?

Why would I buy a BitCoin with money, then use that BitCoin to buy something, when I already could've bought the goddamn thing with money.

You BitTards are fucking dumb.

>>	Anonymous Sat Dec 13 18:15:16 2014 No.580921 >>580907 Hello OP & opthers, I am working in a bank and bored as death. I am thinking of quitting and leaving for Australia to meet the people working on bitcoin. What does 4chan think of this plan ? Is Autralia a good plan to meet Bitcoin passionate ?

>>	Microsoft accepts Bitcoin Sat Dec 13 18:19:11 2014 No.580930 File: 80 KB, 688x1434, jfrqx.png [View same] [iqdb] [saucenao] [google] >>580915 >>580916 >>580917 >people mad they never invested or mined bitcoins

>>	Microsoft accepts Bitcoin Sat Dec 13 18:23:12 2014 No.580935 >>580921 Your neighbor is probably passionate about bitcoin, no need to travel to Australia m8

>>	Anonymous Sat Dec 13 18:23:34 2014 No.580936 >>580930 You can't invest in bitcoins. It's purely speculative. Not even mad.

>>	Microsoft accepts Bitcoin Sat Dec 13 18:25:38 2014 No.580939 >>580936 Sure you can. I'm betting Bitcoin will be worth a lot more in a couple years than it's worth today, so I buy some. An investment

>>	Anonymous Sat Dec 13 18:26:20 2014 No.580940 >>580939 >betting >investment No, that's the definition of speculation.

>>	Anonymous Sat Dec 13 18:26:21 2014 No.580941 >>580935 I am already working for a bitcoin start up and I have the opportunity to travel. I would like to see and understand how people use it in other countries.

>>	Anonymous Sat Dec 13 18:33:44 2014 No.580948 >>580930 Lmao why the hell would anyone be mad they didnt buy Bitcoin? The price has crashed and burned this year. Its been a total trainwreck which is why you guys are trying so hard to convince people Bitcoin doesnt suck ass.

>>	Anonymous Sat Dec 13 18:34:00 2014 No.580949 >>580907 I made 22% gains in the market this year, while Bitcoin lost 60% of its value. Convince me to "invest" in your tulip bulbs.

>>	Anonymous Sat Dec 13 18:35:48 2014 No.580950 >>580907 Microsoft isn't the second largest company in the world. Xom or wmt.

Anonymous Sat Dec 13 19:11:07 2014 No.580982

>>580930
>hey guys use BitCoin
>No it's dumb
>but it's easier to use
>Well how do I get me sum of dat ButtCoin?
>just pay $500 for one or spend tons of money mining it

It's pump and dump shit not worth the electricity used to mine it. Eat shit you Libertard

Microsoft accepts Bitcoin Sat Dec 13 19:26:09 2014 No.580993
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>>580948
>>580949
>>580982
>mfw the very board these plebs are posting on was created due to non-stop threads about bitcoin on /g/
>mfw every other thread on /biz/ is about bitcoin when the price goes up even a small amount
>mfw there's no shortage of plebs calling bitcoin buzz words like ponzi, the price is down slightly so it's a failure, I can't afford to invest in bitcoin so im just going to say it sucks
>mfw these poeple seem to vanish when the price rises

Anonymous Sat Dec 13 19:31:25 2014 No.580996
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>>580993
No, your retarded Magic beans are still retarded even if it's $500, $600, $700 or whatever else price they're at.

It won't replace da evil banks/credit cards/money transfers

Microsoft accepts Bitcoin Sat Dec 13 19:47:07 2014 No.581012
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>>580996
It doesn't have to.

It's already wildly sucessful beyond the creators dreams

It's only getting more popular

I thought $10 for one bitcoin in 2012 was a lot, tree fiddy for one now is fucking amazing.

Anonymous Sat Dec 13 19:49:08 2014 No.581014

>>580993
>mfw the very board these plebs are posting on was created due to non-stop threads about bitcoin on /g/
>mfw every other thread on /biz/ is about bitcoin when the price goes up even a small amount
That speaks more to how many shills there are than anything. /biz/ was created mainly as a crypto-containment board, but it's shifted over time.
>mfw there's no shortage of plebs calling bitcoin buzz words like ponzi
It's more of a speculative bubble than a ponzi.
>I can't afford to invest in bitcoin so im just going to say it sucks
That doesn't even make sense when you can buy fractional coins.
>the price is down slightly so it's a failure
>mfw these people seem to vanish when the price rises
No, we don't. I'll post whether it's going up or down. The fundamentals don't change just because of price swings.

Anonymous Sat Dec 13 19:52:34 2014 No.581018

>>581012
>it's already wildly successful
Not by the standards the shills set where it's supposed to replace USD.
>It's only getting more popular
Not at the rate it needs to if it's going to achieve the lofty goals that people set for it.
>tree fiddy for one now is fucking amazing
And it went over $1k in between and it's been collapsing all year. If you saw a stock price do that you wouldn't want it.

>>	Microsoft accepts Bitcoin Sat Dec 13 19:57:34 2014 No.581024 "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party." Prophetic words

>>	Anonymous Sat Dec 13 20:06:46 2014 No.581034 >>580907 So what happens when the mining stops? (gets too expensive) Does bitcoin crash, or grow?

>>	Anonymous Sat Dec 13 20:07:58 2014 No.581036 >>580993 Still no words on why I should invest in it. The only way its going to go up is with massive injections of cash into the system. Let me guess...all of that is going to come from billions of unbanked Africans living on less than $2 per day?

>>	Microsoft accepts Bitcoin Sat Dec 13 20:09:33 2014 No.581038 >>581034 It's already too expensive to mine. People are unplugging their machines because it's not profitable. After enough people stop mining, it becomes profitable again. Just buy half a bitcoin and keep it safe for years

>>	Microsoft accepts Bitcoin Sat Dec 13 20:17:29 2014 No.581045 File: 1.22 MB, 2001x3000, 1407010497015.jpg [View same] [iqdb] [saucenao] [google] >mfw i have to disconnect from my vpn just to post >mfw i am now a beautiful young blonde woman https://www.youtube.com/watch?v=1cexawnOlR8

>>	Anonymous Sat Dec 13 20:20:12 2014 No.581049 >>581038 OK so instead of inflating it deflates So then what, it soars to the fucking moon like what this retard says? https://www.youtube.com/watch?v=PXjisbTADe4

>>	Anonymous Sat Dec 13 20:24:21 2014 No.581056 >>581049 Bitcoin has heavy inflation on the supply side right now. It was over 10% until recently.

Microsoft accepts Bitcoin Sat Dec 13 20:25:56 2014 No.581059
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>>581049
I don't know about 12 million, but I can guarantee wall street and rich fuckers are going to start investing in this shit eventually

When that happens, you better have at least half a bitcoin tucked away somewehre.

Microsoft accepts Bitcoin Sat Dec 13 20:38:30 2014 No.581077

2011/2012 whenever some retard posted on /g/ "How do i make money online?"

People would joke and post "mine buttcoins"

If they mined bitcoins with their GPU back then and held onto them until today they would of made thousands.

I will never spend any of my bitcoin stash until I have either zero dollars or one bitcoin is worth $10,000

Anonymous Sat Dec 13 20:47:26 2014 No.581087

>>581077
>they would of made thousands
The equivalent of winning the lottery. You can't expect that to keep happening.

The increase in market cap needed to get one BTC to $10k is extreme. Going from $350 to $10k is much more difficult than going from $35 to $1k.

>>	Anonymous Sat Dec 13 21:00:25 2014 No.581101 >>581059 Invest how? Pump money when it's low, sell, crash it, repeat? Nobody with a fucking brain would do that.

>>	Anonymous Sat Dec 13 21:02:17 2014 No.581103 >tfw when the profitability of your bitcoin investments depends on you spouting evangelical bitcoin bullshit in the hope of convincing dumbasses to join your fake internet money scheme.

Microsoft accepts Bitcoin Sat Dec 13 21:28:10 2014 No.581123
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>>581101
By buying some % of bitcoin, waiting a couple years, and retiring

>>581103
>twenty-something days until twenty fifteen
>calling bitcoin a "fake internet money scheme"

oh boy

>>	Anonymous Sat Dec 13 21:59:02 2014 No.581141 >>581049 >exponential curves >straight lines

>>	Anonymous Sat Dec 13 22:07:16 2014 No.581147 >>581123 >Retiring off of Bitcoin at this point Kek good luck even making a profit Ricky Retardo

>>	Anonymous Sat Dec 13 22:13:56 2014 No.581153 >>581123 I absolutely refuse to believe you aren't fucking with people when you say stupid shit like this. What is the whole goddamn point of using BitCoin, when money works just fine.

>>	Anonymous Sat Dec 13 22:56:41 2014 No.581169 >>581153 why do you capitilize the c in Bitcoin, you stupid faggot

>>	Anonymous Sat Dec 13 23:11:25 2014 No.581178 >>581153 Products and services offered exclusively for Bitcoin, like drugs on the darknet

Anonymous Sun Dec 14 03:47:46 2014 No.581297
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Friendly reminder that if Bitcoin shills really believed in their currency they would actually have bothered to start their own economy with it. That is, actually provide real goods and services in exchange for it.

Instead, bitcoin fags opted to hoarde their currency, engage in pump and dump and get rich quick schemes and try to goad other people into exchanging bitcoin for cash, not for goods and services.

Of course many people who didn't invest in bitcoin when it was cents to the dollar are salty.

That doesn't make the current proponents of bitcoin any less scummy. Remember MtGox? Remember Butterfly Labs? The *only* validity bitcoin gets is with services that exchange it for actual dollars. Bitcoinfags are never willing to take on any risk themselves, they just want your $$ and don't believe any of the shit they try to sell you on. They're just digital jews

Anonymous Sun Dec 14 04:17:45 2014 No.581303

It's a gamble, the user base is still small like 100,000 users?
Just because the companies start accepting it doesn't mean the price will go to the moon.
Just like Mark Cuban said most of the merchants choose to convert it into fiat instantly.

Then you have Warren Buffet who says it isn't worth shit.

On the other hand like it or not it's the currency of the Darkmarkets and it will continue to be that way for years to come.

Anonymous Sun Dec 14 09:39:24 2014 No.581424
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>>581297
>actually provide real goods and services in exchange for it.
I've sold many things for bitcoin and continue to do so. Have fun with ebay and paypal joining together to take about 20% of your sales on ebay.
>>581303
>Warren Buffet
The man's a fossil, you can't expect these old timers to into crypto

>>	Anonymous Sun Dec 14 10:35:55 2014 No.581445 >>581424 >That pic >Realizing its the same faggot who aleays creates these Bitcoin threads Get a life

>>	Anonymous Sun Dec 14 10:49:22 2014 No.581448 >>581303 >it's the currency of the Darkmarkets and it will continue to be that way for years to come Shit like dogecoindark? I'm holding that right now for no particular reason other then it's cheap as fuck.

>>	Anonymous Sun Dec 14 11:42:45 2014 No.581466 >>581018 A volatile stock preforms different then a volatile currency.

Anonymous Sun Dec 14 11:47:08 2014 No.581471

>>581153
Exchanging money over country borders with no fees (sometimes a couple cents for the miners) is the best benefit I see, and has some very cool implications considering every poor fuck in Africa now has a cell-phone with an internet connection.

There's no good way to do that without Bitcoin, or using shitty companies like Western Union.

It's the equivalent to exchanging information through e-mail, or on /b/

>>	Anonymous Sun Dec 14 11:59:48 2014 No.581482 >>581471 Ripple beats Bitcoin in cross border transactions hands down and you don't even need to buy a crypto to do it.

>>	Anonymous Sun Dec 14 12:20:51 2014 No.581492 >>581153 >What is the whole goddamn point of using BitCoin, when money works just fine Money laundering or tax evasion (or both). Unfortunately, the "currency" is losing too much value to be consistently reliable at that now.

>>	Anonymous Sun Dec 14 16:22:52 2014 No.581700 >>581448 Are dogecoins better?

Anonymous Sun Dec 14 17:55:45 2014 No.581783

>>581471
>Exchanging money over country borders with no fees

How long do you think that's gonna be allowed to go on if it gets even more popular?

They were already legally declared as property and you are legally required to pay capital gains taxes on them right now.

No way to enforce it right now, but you can't honestly believe that the FED won't change that if the coin does "go to the moon"

>>	Anonymous Sun Dec 14 20:02:37 2014 No.581919 Everyone who is going to know about bitcoin already knows about it. Where exactly is all this new cash supposed to come in from to raise the price? Seems like people are cashing out causing the market cap to dwindle down

>>	Anonymous Sun Dec 14 20:04:32 2014 No.581921 there is one coin that i think will repeat bitcoin success, its named monero, you heard it first here.

>>	Anonymous Sun Dec 14 20:17:49 2014 No.581931 >>581921 why

>>	Anonymous Sun Dec 14 20:24:40 2014 No.581940 >>581931 if you understand bitcoin, if you read its not really anonymous and can be traced easily with monero everything is private and the coin has better distribution (i.e. no satoshi and and 1mm stashed away btcs)

Anonymous Sun Dec 14 22:17:41 2014 No.582034

>there are people on /biz/ RIGHT NOW who go and pay $5 to withdraw $20 from an ATM
>there are companies who prefer to pay CC processing fees rather than have BTC converted to USD instantly
>there are people who use bartering/get fucked by the HUGE bank fees in developing countries rather than use BTC

>>581783
Probably will never change, how will the FED ever stop BTC transactions?

>>	Anonymous Sun Dec 14 22:19:56 2014 No.582038 File: 353 KB, 1000x1000, Namecoin_Coin.png [View same] [iqdb] [saucenao] [google] Namecoin block halving in less than 48 hours

>>	Anonymous Sun Dec 14 23:38:03 2014 No.582089 What the fuck, how am I supposed to buy BTC online without any of id/BS when buying from the states? Pls help

>>	Anonymous Sun Dec 14 23:45:39 2014 No.582099 >>582034 >how will the FED ever stop BTC transactions? They won't. Which is why they are fully backing the Ripple protocol. It helps banks utilize the technology without having to use Bitcoin at all.

>>	Anonymous Sun Dec 14 23:47:39 2014 No.582100 File: 617 KB, 1920x1080, 454956_metallica_metallika_gruppa_metal_1920x1080_(www.GdeFon.ru).jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Mon Dec 15 00:36:25 2014 No.582132 File: 39 KB, 450x356, im_sorry_what.jpg [View same] [iqdb] [saucenao] [google] >>581147 >Ricky Retardo

Anonymous Mon Dec 15 00:53:10 2014 No.582143

>>582034
>Probably will never change, how will the FED ever stop BTC transactions?

They will never be able to stop it, but they can make it illegal, possibly even redefining it as money laundering if they wanted.

Transactions can still be traced, so it's not like they can't go after the big players whenever they choose.

>>	Anonymous Mon Dec 15 01:36:31 2014 No.582156 Who takes $20 out of an ATM? I would hope people that don't use /biz/

Anonymous Mon Dec 15 01:43:18 2014 No.582157

So can I buy a bitcoin and save it on an sd card or something until it's more valuable then cash in and repeat? Does it work that way?

Because that seems like the most secure way to save it locally and make money off of it. Like stock trading and cashing in on wall st

>>	Anonymous Mon Dec 15 01:44:40 2014 No.582158 >>582157 The problem is you have very little idea what will happen to the price of bitcoin over time, so you could pull it out in two years and find it's worth significantly less.

Anonymous Mon Dec 15 01:51:53 2014 No.582163

>>582158
I mean what If I keep up with it over time and pull it out once it's risen , say, 40%, for example. Then I re invest the original capital and repeat this cycle. After 3 rounds of this fairly low-yeild model I would have made 120% profits, right?
I'm figuring this would be a viable alternative to stock trading, given that I don't give in to the gamblers syndrome and fuck over my money by pulling too soon or too late.

Anonymous Mon Dec 15 01:57:11 2014 No.582168

>>582163
So you're basically treating Bitcoin like a daytrader would a stock? Doesn't seem smart. No trader would invest in a stock that can be so volatile and unpredictable.

If you think it's a good idea, go for it, but remember, cryptos (even bitcoin) can tank overnight or level out and stagnate for months on end.

Anonymous Mon Dec 15 01:59:53 2014 No.582172

>>582163
* assuming it keeps rising to a cap of 10,000 over a five year span, trading large amounts of Bitcoin and switching it into cold hard cash, one could possibly make hundreds of thousands, if not millions? It's like investing in this currency with smart trade timing is basically free money with an initial capital investment in around 350$

>>	Anonymous Mon Dec 15 02:02:02 2014 No.582174 >>582168 Yes. And it has the potential to make millions. Brb starting a bitcoin trading firm and gonna be the next wolf of fucking Wall Street

>>	Anonymous Mon Dec 15 02:18:38 2014 No.582183 >>582172 I see nothing wrong with your plan. You have discovered free unlimited cashflow!

>>	Anonymous Mon Dec 15 11:28:11 2014 No.582427 File: 122 KB, 800x784, 111.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Mon Dec 15 16:24:00 2014 No.582737 >buy Bitcoin >copy paste Bitcoin file >get infinite bitcoins Why wouldn't this work?

>>	Anonymous Mon Dec 15 17:07:57 2014 No.582771 File: 146 KB, 832x606, HvICxpI.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Mon Dec 15 17:09:25 2014 No.582776 >>582737 Because the creator of Bitcoin is smart

>>	Anonymous Mon Dec 15 17:13:59 2014 No.582783 >>582776 You mean the NSA?

>>	Anonymous Mon Dec 15 17:22:54 2014 No.582794 >not Darkcoin

>>	Anonymous Mon Dec 15 17:24:54 2014 No.582796 i have #150 worth of buttcoins. what do?

>>	Anonymous Mon Dec 15 18:24:58 2014 No.582858 Daily reminder that there can only be one cryptocurrency, and that is Bitcoin. Anyone who tries to argue for any other coin is either a shill or a retard. https://en.wikipedia.org/wiki/Network_effect

>>	Anonymous Mon Dec 15 18:27:15 2014 No.582866 >>582858 You quarky cultist. You cant even see past your own nose.

>>	Anonymous Mon Dec 15 18:30:35 2014 No.582871 >>580907 I'm into Bitcoin, I do think that the price will go up. But I would be happy if it didn't and I could buy my groceries with Bitcoin. This system can change the world for the better, if it makes it. And I hope it does.

>>	Anonymous Tue Dec 16 00:01:49 2014 No.583239 >>580915 Yes goy continue using our free money system!! You don't have to pay it back immediately either!!

>>	Anonymous Tue Dec 16 00:02:49 2014 No.583241 >>580936 You can't invest in stocks because they are speculative.

>>	Anonymous Tue Dec 16 00:03:58 2014 No.583243 >>580948 >price has crashed and burned >still 6 trillion times more valuable that it was at the start >still worth hundreds of dollars Top fucking kek ur anus is hurting.

>>	Anonymous Tue Dec 16 00:14:53 2014 No.583251 >>583243 I'm not mad, I didn't buy any this year so am not among those who were anally raped when it lost 70% of its value. I am guessing you are though? Why else would you be so emotionally pained?

>>	Anonymous Tue Dec 16 02:01:38 2014 No.583321 >>580907 Your daily reminder that /biz/ was created as a containment board for the cryptoshills. Sorry mates. Just comes with the territory.

>>	Anonymous Tue Dec 16 02:52:01 2014 No.583348 >>582796 Hide them under your mattress until the FBI makes the price skyrocket again.

>>	Anonymous Tue Dec 16 03:49:42 2014 No.583381 >>583241 Not the ones that provide dividends and the like, the kind you buy for the revenue they generate.

>>	Anonymous Tue Dec 16 03:50:48 2014 No.583383 >>582796 Sell them at 330, buy back at 295. It'll take about a week to fill, but it'll happen. Alternatively, you could do buy and sells riding the market down at 5 dollar spreads between your buy and sell.

>>	Anonymous Tue Dec 16 03:58:39 2014 No.583387 >>583383 That... is actually a pretty good idea.

>>	Anonymous Tue Dec 16 04:24:49 2014 No.583394 >>582858 If this were always true then myspace would be #1 forever instead of losing to facebook.

>>	mom !sGLrDTC962 Tue Dec 16 04:29:12 2014 No.583397 >>582089 localbitcoin.com

Anonymous Tue Dec 16 09:24:33 2014 No.583512

>>583394
social networks not equal to cryptocurrencies

If for some reason a new feature needs to be added to Bitcoin, it can be done.

99.9% of people have invested 99.9% of their wealth in Bitcoin. We're not suddenly going to stop and go "oh hey, faggots on /biz/ are shilling hard for some new bullshit coin, let's switch to that"

>>	Anonymous Tue Dec 16 12:25:46 2014 No.583650 >>583512 >99.9% of people have invested 99.9% of their wealth in Bitcoin There can't be people that stupid.

>>	Anonymous Tue Dec 16 13:16:52 2014 No.583710 >>583650 99.9% of $300 worth of NEET bux, is still not a lot of money

Anonymous Tue Dec 16 13:39:35 2014 No.583734

>>581141
They're on a log scale.
>>580916
>>580917
>>580936
You obviously don't know anything about it.

>>580915
>Why use a secure and free transactions medium when I could pay interest on unsecured transactions
This is literally the argument you are making.

>>580948
>The price has crashed and burned this year.
So that must be the end of the data set. Oh wait, bitcoin is up 2500% in two years.

>>580996
You're wrong. I'm not going to bother explaining why because you didn't ask. f you ask I will take the time to do it, but I just want you to know that if you actually look into it you might be able to figure it out yourself. This is always the more satisfying path.

>>581014
Lies, and cognitive dissonance: the post.

>>581018
From $0 to $300 without anyone driving it, and you call it a failure?

>>581034
The more people stop mining, the easier it becomes for the rest of the miners. Its a self regulating system that adjusts roughly every two weeks.

>>581036
>Still no words on why I should invest in it.
Closing your eyes and plugging your ears isn't a valid argument technique.
>The only way its going to go up is with massive injections of cash into the system.
Or people hoard them more tightly. But yea, money is coming in.
>Let me guess...all of that is going to come from billions of unbanked Africans living on less than $2 per day?
No. But they aren't going to be licing on $2 a day once bitcoin comes around.

>>	Anonymous Tue Dec 16 13:42:20 2014 No.583738 >>583734 Down to $330 today. How upset are you getting week after week, month after month?

Anonymous Tue Dec 16 13:43:44 2014 No.583740

Just to be clear, If bitcoin becomes the world currency it will be used by a huge number of people.

If all 7 billion people use bitcoin, on average each person can own 0.03 BTC.

Buying 0.03 BTC right now would be $10.

The average wealth in dollars per person right now in the world is ~$21,000.

So if you lose, you lose $10, if you win you win $21,000.

Think about it.

>>	Anonymous Tue Dec 16 13:44:52 2014 No.583743 >>583738 I literally don't care, my basis is $27. I put my bitcoins in cold storage, and I'm not touching them for a few years.

>>	Anonymous Tue Dec 16 13:46:00 2014 No.583747 >>583740 Just to be clear, Bitcoin will never become the world currency.

>>	Anonymous Tue Dec 16 13:46:23 2014 No.583748 >>583387 It's actually not, There is extremely strong support at $300. We are never going to $295 again.

>>	Anonymous Tue Dec 16 13:47:25 2014 No.583750 >>583747 Are you so sure that you wouldn't even take 1:2,100 odds?

>>	Anonymous Tue Dec 16 13:49:06 2014 No.583753 >>583750 Don't feel bad I don't buy lottery tickets either. And even they have a better chance of payoff.

>>	Anonymous Tue Dec 16 13:50:35 2014 No.583758 >>583753 You're an idiot. That's all. Fuck off.

>>	Anonymous Tue Dec 16 13:52:06 2014 No.583759 >>583758 ahahaha Come back in another week when Bitcoin loses another 10% of its value.

>>	Anonymous Tue Dec 16 14:10:38 2014 No.583778 >>583759 See you on Jan 2. The tax implications of a loss will cease to matter, and the price will explode.

>>	Anonymous Tue Dec 16 16:59:52 2014 No.583953 >>580907 >yfw PND is dead Nice pump and dump it was a good run

>>	Anonymous Tue Dec 16 19:15:23 2014 No.584104 >>583953 Bitcoin price is the tide that floats all altcoins. Except XRP.

>>	Anonymous Tue Dec 16 19:52:08 2014 No.584133 >>584104 shuld i buy ripple

Anonymous Tue Dec 16 21:05:15 2014 No.584192

No cares right now because some guy with a lot of coin dumped it all, halved the price and the markets got stagnant.

Even the fucking advice-givers on Bitcoin now want you to join their "advice groups" of which you can't get the expert advice on unless you're a part of it.

>>	Anonymous Tue Dec 16 21:40:15 2014 No.584218 File: 457 KB, 1364x1925, 003.jpg [View same] [iqdb] [saucenao] [google] muh bitcoins muh stash I'll be rich someday Train is set to leave the station summer 2016 during next halving, it's not too late to get aboard!

>>	Anonymous Tue Dec 16 21:43:16 2014 No.584223 Anyone know the next big pump n dump? I got .5 BTC to play with.

>>	Anonymous Tue Dec 16 21:53:07 2014 No.584237 File: 2.60 MB, 4000x3000, 011.jpg [View same] [iqdb] [saucenao] [google] I'm thinking of selling my precious metals for moar buttcoins

>>	Anonymous Tue Dec 16 21:54:24 2014 No.584238 File: 2.77 MB, 4000x3000, 010.jpg [View same] [iqdb] [saucenao] [google]

Anonymous Tue Dec 16 22:07:47 2014 No.584253
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I could click on every .exe on the internet, install every single virus, and my buttcoins would be still be safe.

Thank you based cold storage

Thank you based paper wallets

I sleep well at night

Anonymous Tue Dec 16 22:13:50 2014 No.584260 [DELETED]

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The jewish-controlled government/state has no way of seizing my bitcoins

They can't even confirm whose bitcoins belong to who.

They print monopoly money, while I hold true currency nobody can touch

Feels bretty gud

>>	Anonymous Tue Dec 16 22:15:28 2014 No.584261 >>584260 Leave.

>>	Anonymous Tue Dec 16 22:17:04 2014 No.584264 >>584261 why don't you leave, kike I ain't goin nowhere

>>	Anonymous Tue Dec 16 22:40:35 2014 No.584280 >>584260 that picture seems a little anti-semitic maybe I'm just a paranoid

>>	Anonymous Tue Dec 16 22:50:58 2014 No.584289 >Investing Buying a share of some form of profit producing entity >Speculating Buying a commodity because you expect its value to increase in the future

>>	Anonymous Wed Dec 17 01:26:33 2014 No.584418 File: 425 KB, 1628x1642, nigger.jpg [View same] [iqdb] [saucenao] [google] protip: only rank 1 is worth investing in

>>	Anonymous Wed Dec 17 06:40:45 2014 No.584603 File: 79 KB, 843x401, TO THE MOON.png [View same] [iqdb] [saucenao] [google] any second now, Bitcoin is going to start shooting up back to $1000+ aaaany second now...

>>	Anonymous Wed Dec 17 06:55:09 2014 No.584610 File: 91 KB, 1155x455, Bitcoin rigs being unplugged.png [View same] [iqdb] [saucenao] [google] >>584603 Look at how valuable these Bitcoins are!

Anonymous Wed Dec 17 07:10:58 2014 No.584619
File: 45 KB, 1111x453, no more bitcoin miners.png [View same] [iqdb] [saucenao] [google]

>>584610
In case anyone here doesn't know what's important about this:
"Difficulty" is determined by how much computer equipment is being used for mining Bitcoins.
This is the first time that "Difficulty" has started to go down AKA everyone has started to abandon mining for Bitcoins.

>>	Anonymous Wed Dec 17 09:48:10 2014 No.584693 Great time to buy Cheap coins can be had

>>	Anonymous Wed Dec 17 09:52:45 2014 No.584700 File: 22 KB, 434x203, supper.jpg [View same] [iqdb] [saucenao] [google] >>584619 What if someone (NASA) develops/starts using those supeSUPPAsuperrcomputers and let's say 4e+10 difficulty is a 1hour processing for them, CAN they abuse it?

>>	Anonymous Wed Dec 17 09:54:29 2014 No.584701 >>580907 What are common business applications of bitcoin so far?! fuck stock fags! let's talk real life apps only

>>	Anonymous Wed Dec 17 10:15:10 2014 No.584712 I've never really understood bitcoin.

>>	Anonymous Wed Dec 17 10:23:54 2014 No.584725 >>584418 tfw i invested a grande in ripple a month ago and am calculating my profits while reading that its not worth investing in.

Anonymous Wed Dec 17 11:02:24 2014 No.584751
File: 16 KB, 400x400, rkdXw.jpg [View same] [iqdb] [saucenao] [google]

I bought one bitcoin way back when they were £80 each.

I could've sold at several highs in that time but I can never seem to bring myself to cash out.

Why can't I bring myself to sell my bitcoin?

Anonymous Wed Dec 17 12:01:14 2014 No.584789
File: 172 KB, 1060x425, chimpin.jpg [View same] [iqdb] [saucenao] [google]

hey /biz
is there a method for me to purchase a very small amount of btc?
ebay hasn't been working for me :/
I'm talking like 0.01
maybe even 0.05
not bait, just don't have the disposable income at the moment

>>	Anonymous Wed Dec 17 12:06:11 2014 No.584792 >>581448 where did you get them?

>>	Anonymous Wed Dec 17 12:08:38 2014 No.584794 >>583383 and capital gains tax

>>	Anonymous Wed Dec 17 12:37:40 2014 No.584822 The greater fool strikes again :^)

>>	Anonymous Wed Dec 17 14:12:58 2014 No.584953 >>583748 That's what they said about 370...and again at 340...sub-300 coins sound tasty

>>	Anonymous Wed Dec 17 14:24:23 2014 No.584967 >>584789 There are sites where you can buy that amount through bank transfer. They offer worse exchange rate, though.

>>	Anonymous Wed Dec 17 14:36:16 2014 No.584977 if it's just for transactions and avoiding bank fees why does it have to be a currency in itself why can't you just use regular money for transactions no need to invent a currency

Anonymous Wed Dec 17 15:21:20 2014 No.585031

>>584700
>What if someone (NASA) develops/starts using those supeSUPPAsuperrcomputers and let's say 4e+10 difficulty is a 1hour processing for them, CAN they abuse it?
At this point there are no supercomputers on earth that can fuck with bitcoin
>>584712
>I've never really understood bitcoin.
https://en.bitcoin.it/wiki/Main_Page
>>584725
Only Bitcoin is worth investing in
>>584751
>Why can't I bring myself to sell my bitcoin?
Because the price is only going to go up. If there was any major flaw in Bitcoin it would of been found, and shitposters would have something to shitpost about, other than "hurr price is down 50%, but still up 9000% since 2009." Bitcoin is here to stay.
>>584789
>is there a method for me to purchase a very small amount of btc?
coinbase.com or localbitcoins.com
>>584953
>sub-300 coins sound tasty
Any Bitcoin you can buy for under $10,000 is cheap.
>>584977
>if it's just for transactions and avoiding bank fees why does it have to be a currency in itself
why can't you just use regular money for transactions no need to invent a currency
Because you have to trust a third party with fiat. Paypal used to freeze accounts of people who sold miners on ebay. Now they're trying their best to assimilate bitcoin into their thieving system because they're scared they'll become irrevelent soon. And they will be. Bitcoin has no use for paypal.

Anonymous Wed Dec 17 15:38:06 2014 No.585048

So, how do you pathetic hacks enjoy watching your money slip away? Still convinced holding bitcoin is the way to riches and fortune?

No offence here guys, but I think the word on the street is that bitcoin was officially the Worst Investment of the Year.

Explain yourselves.

>>	Anonymous Wed Dec 17 15:49:23 2014 No.585064 File: 67 KB, 900x500, coindesk-bpi-chart.png [View same] [iqdb] [saucenao] [google] >>585048 Touché

>>	Anonymous Wed Dec 17 16:23:42 2014 No.585095 >>585048 Not that much different from holding a Ruble right now

Anonymous Wed Dec 17 16:32:58 2014 No.585102

>>585095
wat

At least you could pay your mortgage on your cool Moscow flat with your now-devalued and easy to accumulate rubles.

All you can do with bitcoin is buy another patio set from Overstock.com and cry about how you could have bought four of 'em a year ago.

>>	Anonymous Wed Dec 17 17:05:54 2014 No.585141 >>beerbet >>peerbie >>bitbonsai >>ponzi pit bee's in the mist lolz

Anonymous Wed Dec 17 18:55:55 2014 No.585244
File: 47 KB, 600x473, 39c.jpg [View same] [iqdb] [saucenao] [google]

>>585048
Going to be buying more coins soon.

My guess is you'll be silently furious when the price eventually rises.

It sucks too because this entire board is clamoring about Bitcoin after price surges, it's like rubbing it in your face.

Anonymous Wed Dec 17 21:46:18 2014 No.585425

Do you guys think Bitcoin is simply a beginning of cryptocurrency? Perhaps it will be something else in the near future. There are a few kinks with it , and luckily it's open source.

But at the end of the day , Could there be something that overtakes bitcoin as a main currency?

>>	Anonymous Wed Dec 17 21:53:46 2014 No.585435 >>585425 Ripple marketcap will overthrow Bitcoins when XRP price hits. $0.15/USD. My guess is that will happen very soon in less than a few months.

Anonymous Wed Dec 17 22:14:48 2014 No.585462

>>585425
Since Bitcoin is open source just about any technological improvements can be made to the Bitcoin protocol

Bitcoin is too big to fail thanks to network effect and the sheer amount of people and money they've invested into it.

>>585435
Ripple is centralized trash. There are a lot of people shilling for it who must hate freedom.

The creators of Ripple have complete control over the currency and own an overwhelming majority of the coins. The banks are investing in it because they can actually control it unlike Bitcoin. It is pure jewishness and should be avoided.

>>	Anonymous Wed Dec 17 22:31:19 2014 No.585469 >>585462 Thanks for the info about Ripple, sounds pretty good. If what you say about centalization and banking is true then count me in. Where can I buy some?

>>	Anonymous Thu Dec 18 09:29:45 2014 No.585764 File: 124 KB, 584x640, 1360923997284.jpg [View same] [iqdb] [saucenao] [google] >>585425 monero is the real electronic cash, bitcoin = new world order coin

>>	Anonymous Thu Dec 18 09:34:08 2014 No.585767 >>585462 I don't see how it being 'not free' will get in the way of it's adoption, assuming they shill hard. I'm in it purely for speculative interests like a lot of people, and we'll dump once the profit is high enough.

>>	Anonymous Thu Dec 18 10:05:18 2014 No.585776 File: 70 KB, 1043x463, 1418868269880.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Thu Dec 18 15:27:47 2014 No.586025 >>584794 >and capital gains tax I forget that I live in a capital gains tax haven some time.

>>	Anonymous Thu Dec 18 17:18:32 2014 No.586123 http://bitcoinrichlist.com/charts/bitcoin-distribution-by-address?atblock=320000 Interesting website

>>	Cal !7p6ZFzW.pU Thu Dec 18 17:42:17 2014 No.586147 >>580939 >'m betting Bitcoin will be worth a lot more in a couple years than it's worth today, so I buy some. based on what?

>>	Anonymous Thu Dec 18 21:39:21 2014 No.586351 bump

Anonymous Thu Dec 18 21:46:00 2014 No.586355

I wonder what kind of severe mental retardation you need to have to not see the objectively tremendous opportunity that being a Bitcoin pioneer is. It's literally laughable how objectively correct the fact is that I will be able to retire in 10 years with my 21 BTC. Just lol.

>>	Anonymous Fri Dec 19 14:27:55 2014 No.587027 Price rebounding? Will we dip below 300?

>>	Anonymous Fri Dec 19 16:44:25 2014 No.587125 /g/ here I occasionally come to this board for a few laughs. Posts like >>586355 make me glad moot made this containment board. NEET shills be crazy.

>>	Anonymous Fri Dec 19 16:58:58 2014 No.587144 >>587125 >projecting this hard >being this butt-ravaged you never mined or invested The train is still at the station, but you're too dumb to hop on. Oh well

>>	Anonymous Fri Dec 19 17:07:34 2014 No.587150 >>587144 It appears your ego is threatened because people have pointed out your poor investment choice. Lashing out is a pretty common response.

>>	Anonymous Fri Dec 19 17:45:32 2014 No.587180 >>585764 This. Lol at not going all in in Monero.

>>	Anonymous Fri Dec 19 17:57:24 2014 No.587185 >>587150 >judging a Bitcoin investment before 10 years have passed Fucking pleb. Enjoy being poor.

>>	Anonymous Fri Dec 19 18:10:28 2014 No.587192 I'd sooner invest in Canadian Tire money.

Anonymous Fri Dec 19 18:48:13 2014 No.587235

>>585462
>The creators of Ripple have complete control over the currency and own an overwhelming majority of the coins. The banks are investing in it because they can actually control it unlike Bitcoin. It is pure jewishness and should be avoided.
So you're telling people not to make legal money because you disagree with the means?

>>	Anonymous Fri Dec 19 18:49:14 2014 No.587236 >>587027 Stagnation for the meanwhile, small pump up a few dollars, down to 305

>>	Anonymous Fri Dec 19 19:25:56 2014 No.587264 I've been seeing a 4chan ad for a bitcoin lottery. What incentive do they get out of giving out bitcoin to someone? What's the catch? I'm too paranoid to just signup for something like that, but too greedy to simply dismiss it right away.

>>	Anonymous Fri Dec 19 23:18:44 2014 No.587488 File: 637 KB, 1230x1688, 1408317226912.jpg [View same] [iqdb] [saucenao] [google] PRICE GOING UP IT'S REALLY FUCKING HAPPENING!

>>	Anonymous Sat Dec 20 00:09:48 2014 No.587527 >>584789 What do you want the coin for?

>>	Anonymous Sat Dec 20 00:16:16 2014 No.587530 What's the current bitcoin exchange rate to $ ? I am out of the loop and probably all the website shave changed since MtGox

>>	Anonymous Sat Dec 20 00:26:23 2014 No.587537 would anyone be willing to donate 1$ in bitcoin for an anon ? I really need this address : 13ZujSYG4Yvy6FdHntPu6Ew1FAQumocKqe

re-su-ton !9JV4O3E4UE Sat Dec 20 00:47:15 2014 No.587554

>>587530
preev.com

>>587264
Bitcoin faucets? They make money off advertisements, so they can afford to give away 0.00000__ of a cent to each visitor.

If it's a gambling type of lottery, then it would work the same way a normal one would (you buy tickets).

>>585048
There certainly have been many worse investments. I don't expect it to skyrocket again though.
>>584751
Emotional attachment?

>>	Anonymous Sat Dec 20 04:12:33 2014 No.587660 Is kraken just gonna be another mtgox?

>>	Anonymous Sat Dec 20 09:49:11 2014 No.587771 >>587660 Well they are taking over Mtgox, so..

>>	Anonymous Sat Dec 20 10:58:06 2014 No.587798 >>587150 >poor investment choice >literally quadrupled my money since getting aboard Bear markets come and go, when they do go, you better hop on because the bull is unstoppable

>>	Anonymous Sat Dec 20 12:32:56 2014 No.587854 >>587771 ..so that's not what I'm asking. Have they given any reason for us to believe they're not just gonna shit the bed again?

>>	Anonymous Sat Dec 20 21:28:18 2014 No.588264 >>587537 sent ;)

>>	Anonymous Sun Dec 21 14:31:40 2014 No.588858 babbys first bitcoin, a scrapbook for moms

>>	Anonymous Sun Dec 21 14:46:53 2014 No.588869 >>587798 Anyone who was smart enough to make money previously is already out. Anyone who's still holding as an investment is making a poor, irrational choice probably based on emotion. Hopefully you're the former because then I would applaud you.

>>	Anonymous Sun Dec 21 23:53:37 2014 No.589327 >>585435 XRP is a huge risk. Jed McCaleb left Ripple to start his own rival system and has 9 billion XRP he can use to destroy the currency any time he wishes.

>>	Anonymous Mon Dec 22 11:23:55 2014 No.589571 >>589327 anytyhing not bitcoin is a huge risk Shit's gonna get real after the halving in 2016 and 2020 You will wish you had boarded the train by then!

>>	Anonymous Mon Dec 22 16:06:26 2014 No.589781 >>581077 >I will never spend any of my Bitcoins until it reaches X amount If everyone's mindset was this, then Bitcoin won't grow at all because there's no volume

>>	Anonymous Mon Dec 22 18:24:29 2014 No.589926 http://www.philosophicaleconomics.com/2014/10/btc/

>>	Anonymous Mon Dec 22 23:35:37 2014 No.590173 >>589327 Wrong. McCaleb is capped on the XRP he can sell. Contractually he cant even sell the bulk of his holdings for 5 years.

Anonymous Tue Dec 23 05:32:23 2014 No.590350

>Russia’s central bank raised a key interest rate to 17 percent on Dec. 16, and even that failed to stop the Russian currency’s plunge. The Ruble is ending 2014 down 45 percent against the dollar, shrinking a $10,000 investment on Jan. 1 into $5,513.

>But there’s one currency that did worse in 2014, depending on whether you think virtual currencies are real money. A bitcoin has lost 58 percent of its value in U.S. dollars this year, and 72 percent since last November. If you'd invested $10,000 in bitcoin at the beginning of 2014, it would be worth $4,202 today.

>http://www.bloomberg.com/news/2014-12-22/the-best-and-worst-investments-of-2014.html

Le Buttcoin

>>	Anonymous Tue Dec 23 11:44:44 2014 No.590496 File: 21 KB, 499x721, 1418959424609.jpg [View same] [iqdb] [saucenao] [google] Have a butt minus the coin

>>	sasuke Tue Dec 23 12:23:05 2014 No.590526 wow big ass awesome

>>	Anonymous Tue Dec 23 12:51:52 2014 No.590550 >>580907 I bought 300 bitcoins for ~£600. (actually my first 200 cost about £100). now I could sell for £60,000. But I'd rather be a millionaire, so I HODL. Think of me in five years time :^)

>>	Anonymous Tue Dec 23 12:56:28 2014 No.590557 >>580907 Is it too late to get rich quick?

>>	Anonymous Tue Dec 23 13:34:40 2014 No.590568 >>590557 Bitcoin is so 2013. You couldn't be more late if you tried.

>>	Anonymous Tue Dec 23 13:54:41 2014 No.590583 https://www.youtube.com/watch?v=F2e3RqL4VWs&feature=youtu.be&t=42m34s

>>	Anonymous Tue Dec 23 14:28:03 2014 No.590602 >>583740 >pascal's wager: the cryptocurrency post

>>	Anonymous Tue Dec 23 15:14:08 2014 No.590626 >>583740 It will never happen. And I do have a btc, Im just a realist.

>>	Anonymous Tue Dec 23 17:43:57 2014 No.590751 >>590557 Yes. However, it might not be too late to get rich slowly.

>>	Anonymous Tue Dec 23 18:44:07 2014 No.590802 >>581059 I just reached 1/2 btc today after scrounging for 7 months. I am poor as shit.

>>	Anonymous Tue Dec 23 18:49:06 2014 No.590805 >>590802 >scrounges up all his savings and wastes it on Buttcoins >doesnt realize this is one of the reasons why he is still poor and will stay poor Damn this board is depressing.

>>	Anonymous Tue Dec 23 18:51:25 2014 No.590809 >>590805 I don't know maybe I could have found a brokerage that allows me to trade $1 a day. What else is there fucktard?

Anonymous Tue Dec 23 19:10:27 2014 No.590817

>>590809
>over a hundred bucks
>not going to barnes and noble or looking online for an "idiots guide to (insert marketable skill here)"
>not going to flea markets for items to flip online
>not learning web programming for free online and creating your own site and use the money on advertising to divert traffic to it
>not importing cheap items from china and reselling on craigslist
>not spending the money on chapstick and vicks and charging for bjs
>not playing microstakes online poker until you become good enough to win 51% of the time
>not buying a bunch of chocolate bars and reselling them for double the price in front of grocery stores for (insert good cause here)
>not buying a ticket to a sporting event/concert that you know is going to be sold out and reselling it on stubhub
.... and the list goes on. There are a million ways to make money. Buying Bitcoin was one of them last year. It's not anymore.

>>	Anonymous Tue Dec 23 20:22:03 2014 No.590883 File: 80 KB, 500x500, 1419201934076.jpg [View same] [iqdb] [saucenao] [google] >>590550

>>	Anonymous Tue Dec 23 20:33:18 2014 No.590895 >>590817 >>590805 samefag buttmad nocoiner detected Bitcoin has a bright future don't let nocoiners convince you otherwise.

>>	Anonymous Tue Dec 23 20:37:25 2014 No.590896 File: 51 KB, 814x500, 1386948472213.jpg [View same] [iqdb] [saucenao] [google] >>580993 >down slightly 80 percent

>>	Anonymous Tue Dec 23 20:51:21 2014 No.590908 >>590895 >calls me a samefag >I have 2 posts total >this retard has over 9000 Kek

Anonymous Tue Dec 23 23:36:19 2014 No.591051

>>590908
I didn't bother to read your greentext story book but you seem to be upset that Bitcoin is overall successful and that you own zero coins.

If some poor fuck wants to invest his shitty fiat into bitcoin ,what do you care you pathetic nocoin faggot?

>>	Anonymous Tue Dec 23 23:44:48 2014 No.591059 >>591051 >what do you care you pathetic nocoin faggot? But I am the one that is upset, right? Lol

>>	Anonymous Tue Dec 23 23:47:29 2014 No.591062 >>591051 >what do you care you pathetic nocoin faggot? But I am the one that is upset, right? Lol

>>	Anonymous Tue Dec 23 23:51:30 2014 No.591064 File: 23 KB, 397x295, 1395072002326.jpg [View same] [iqdb] [saucenao] [google] >>591062 >having zero coins in the year of our lord two-thousand and fifteen. The anger, it shows

>>	Anonymous Tue Dec 23 23:56:31 2014 No.591069 >>591064 Dont feel too bad, you arent the only one that has watched their Bitcoins lose value all year. I bet you will feel a lot better after a warm glass of milk though. You may be poor but luckily life isnt just all about money, right?

Anonymous Wed Dec 24 00:00:38 2014 No.591071

>>591069
you silly faggot when will admit you lost?

Not everybody bought at the all time high

I'll keep fucking around with you all night if you want, keeps my thread bumped.

I have 59 bitcoins and I sure as shit didn't buy any of them over $400 lol

come on faggot what's your next witty reply i'll embarass you all night

Anonymous Wed Dec 24 00:04:52 2014 No.591072

>>591071
Did you buy any of them over 300? If you didn't then you bought them over a year ago. Do you feel really bad that you didnt sell when they were worth $1000? I would feel really terrible if I lost out on so much cash to be honest with you. I'm not sure how you sleep at night.

>>	Anonymous Wed Dec 24 00:09:39 2014 No.591074 >>591072 i bought about 10 coins for $10 each in 2012 Mined about 20 coins between 2012-2014 Sold various goods online for about 30 bitcoins If you think bitcoin won't eventually reach 1k mark again you're delusional m8

Anonymous Wed Dec 24 00:14:52 2014 No.591081

>>591074
Wow so you really didnt cash out at $1000? Damn bro sorry to hear that. At first I thought you were just a regular bitcoin shill with 1 coin but now I realize why you spam /biz/ for hours and hours. That sucks man hope things turn out better for you or bitcoin at least goes back up to $400 again. Good luck.

>>	Anonymous Wed Dec 24 00:18:41 2014 No.591084 >>591081 i didn't cash out because im smart enough to realize that bitcoin is here to stay When I'm a millionaire for investing next to nothing I'll be sure to brag about it on 4chan though People like you will get so furious it'll be great

Anonymous Wed Dec 24 00:31:46 2014 No.591094

>>591084
Obviously you werent smart enough to know bitcoin was going to crash hard this year or else you would have sold at $1000 then bought back at the lower price. I'm not having too much faith in your predictive powers here. In your defense, however, if I was in your spot I probably wouldn't listen to reason either. If I actually had to admit that there was a good possibility bitcoin was dying and that my 59 coins were becoming worthless when I could have sold them for $60k? Wow. I would spend all my free time spamming /biz/ even though its full of mostly college kids with no capital, hoping on the off chance that if all of them collectively bought bitcoin then maybe, just maybe, the deman might push the price up and I might have a chance in hell of selling them for $1k each again.

... Then again, typing that out made me realize how funny it sounds. Keep truckin though, bro.

Anonymous Wed Dec 24 00:41:53 2014 No.591101

>>591094
>or else you would have sold at $1000
What about the ATH of 1150?

I'm sure when bitcoin goes back up to 1000 each you'll be sure to do your best to ignore bitcoin threads.

I think it's time you gave up and stopped trying to troll the troll the un-trollable, junior

go to bed junior, bitcoin investors are busy making money.

Anonymous Wed Dec 24 00:48:09 2014 No.591105

>>591101
I'm not trolling I just feel really bad for you. Not you specifically since I know you're a lost cause but for everyone who bought bitcoin this year. Hopefully we can save more people from making the same mistake though, huh? That way we can show that /biz/ isn't just all crappy advice and that sometimes we are worth a damn.

Anonymous Wed Dec 24 00:52:54 2014 No.591110

>>591105
YOU DUMB MOTHERFUCKER

I'll reply because this is my thread and every bump counts

The bitcoin price has bottomed out

Meaning anyone who buys now stands to profit

Why don't you stop being so angry for owning absoluteoy 1-1 = 0 coins

You can hop aboard the train or you can continue to be a fucking retard

A fucking retard trying to convince smart people not invest their worthless dollars into bitcoin

Good luck, chap!

off you go!

Anonymous Wed Dec 24 01:02:58 2014 No.591113

>>591110
It doesn't look like the price has bottomed out. After this dead cat bounce I am sure it will find a new low like its been doing all year. I don't know what is going to reverse this downward trend. Even Overstock who was the first major merchant to accept BTC has been dissapointed in the low sales this year from bitcoin. They missed their projections by millions. I'm just glad I never bought bitcoin this year. Some fads just don't last too long. Don't sweat it though, bro. Life's too short to be so angry.

>>	Anonymous Wed Dec 24 01:19:00 2014 No.591131 >>580907 accepting my ass they are just letting a 3rd party convert the buttcoins instantly to hard cash accepting lol

>>	Anonymous Wed Dec 24 01:28:39 2014 No.591138 >>581059 >i can guarantee biggest red flag ever right here. if someone comes telling shit like this, you better watch out

>>	Anonymous Thu Dec 25 00:04:56 2014 No.591937 first they laugh at you then they laugh at you then they laugh at you some more then they're like, "stop, man, seriously, i can't breathe" --ghandi, in his famous "this is good for bitcoin because..." speech

>>	Anonymous Thu Dec 25 01:08:30 2014 No.591978 bump

>>	Anonymous Thu Dec 25 01:19:09 2014 No.591991 >>591131 What they do with the bitcoins they receive doesn't change the fact that they accept bitcoin you fucking retard Also, merry Christmas, especially to all you buttangry nocoiners who missed out.

>>	Anonymous Thu Dec 25 01:34:34 2014 No.591994 >>591991 It's relevant because they put downward price pressure every time they accept a bitcoin for payment and convert it. Bitcoin is actually worth more if people hold onto it than if it is used for payment to a vendor that immediately dumps it.

>>	Anonymous Thu Dec 25 13:16:43 2014 No.592293 Shameless Christmas afternooon bump Nocoiner fiat slaves internet defense force absolutely out in full force. That'll change when the Bitcoin price rallys into four digit again in 2015

>>	Anonymous Thu Dec 25 14:03:19 2014 No.592335 >>592293 Fucking retard. Also bump. We need to keep this on the first page in case some idiot here thinks buying bitcoin is a good idea and gets rekt like OP did in his own thread.

>>	Anonymous Thu Dec 25 14:15:10 2014 No.592345 >>592335 https://www.youtube.com/watch?v=Vzjtvt77mgc We've digitized history

>>	restoration !N7yr5PfYfo Thu Dec 25 14:49:55 2014 No.592383 >>591994 It's also relevant because they accept bitcoin but they don't accept sea shells or Zimbabwean dollars. It shows BTC is gaining acceptance as an actual currency.

>>	Anonymous Thu Dec 25 14:59:03 2014 No.592389 >>592293 except you are wrong, bitcoin wont see another bubble.

>>	Anonymous Thu Dec 25 16:53:17 2014 No.592490 File: 217 KB, 351x480, vlcsnap-30107.png [View same] [iqdb] [saucenao] [google] >>582168 >No trader would invest in a stock that can be so volatile

>>	Anonymous Thu Dec 25 20:39:47 2014 No.592622 >>592293 Look faglord the Galileo Gambit you've pulled this entire thread was nice, but you're so fucking delusional I think this whole thread was a joke.

>>	Anonymous Fri Dec 26 15:08:21 2014 No.593213 >>592622 What's more of a joke is you hearing about bitcoin in 2012 and not bothering to mine or invest Or being dumb enough to sell your coins when they were worth $10 I understand the hostility nocoiners harbor

Anonymous Fri Dec 26 17:44:49 2014 No.593330
File: 23 KB, 615x615, PzHu2yli.png [View same] [iqdb] [saucenao] [google]

>>593213

What's more of a joke is you hearing about monero in 2014 and not bothering to mine or invest

Or being dumb enough to sell your coins when they were worth $0.4

I understand the hostility nomoneroj harbor

Anonymous Sat Dec 27 12:10:02 2014 No.593943
File: 47 KB, 1145x453, bitcoin mining rigs being unplugged.png [View same] [iqdb] [saucenao] [google]

>>593213
The amount of computer processing power being used for mining bitcoins has started going down.
People have started turning off their mining rigs.

>>	Anonymous Sat Dec 27 16:11:12 2014 No.594109 up

>>	Anonymous Sat Dec 27 16:12:37 2014 No.594110 >>594109 You're a little faggy bitch.

>>	Anonymous Sat Dec 27 16:27:40 2014 No.594127 >>592345 no-one?

>>	Anonymous Sat Dec 27 16:52:29 2014 No.594145 >>593943 to be expected, the price of bitcoin right now is too low. We will keep seeing the processing power decrease, the difficulty will lower and there will be a little bit more bitcoins made until it balances out again or something big happens.

>>	Anonymous Sat Dec 27 18:26:23 2014 No.594211 >>594109 only thing going up is the XMR price right now

>>	Anonymous Sat Dec 27 20:50:52 2014 No.594298 File: 68 KB, 250x250, peercoin.png [View same] [iqdb] [saucenao] [google] >>593943 i'm betting on peercoin if that's the case, been out a few years so i guess it's solid. 80c to $40 ala litecoin and life's good. just a matter of when.

>>	Anonymous Sat Dec 27 22:11:01 2014 No.594374 >>594298 peercoin and monero are the only serious altcoin to bitcoin, none of that 2.0 crypto platforms makes any sense

>>	Anonymous Sun Dec 28 13:30:16 2014 No.594900 Has a thread on this board ever reached 300 replies?

>>	Anonymous Sun Dec 28 14:08:43 2014 No.594916 >>594900 Yes you dumb nigger. They are mostly buttcoin threads. It just shows you how much hate we have for buttcoin shills.

>>	Anonymous Sun Dec 28 15:19:54 2014 No.594976 >>581087 Wasn't that what amDoge did? But I think it was with litecoin, but mine them at extremely low diff and cash when the price was good to be able to retire

>>	Anonymous Sun Dec 28 19:15:22 2014 No.595166 >>594976 and then again with pandacoin, he pulled the biggest wolong on everyones face.

>>	Anonymous Sun Dec 28 19:47:22 2014 No.595206 >>594374 litecoin?

>>	Anonymous Sun Dec 28 20:00:23 2014 No.595217 >>586355 Why didn't you sell back when they were like 1000 USD?

>>	Anonymous Sun Dec 28 20:28:22 2014 No.595234 >>595166 Yeah, you need to know how to play the people to make it with cryptos

>>	Anonymous Mon Dec 29 00:55:49 2014 No.595460 >>595206 I dont think so, you are free to make your bets it'll certainly go up with bitcoin like last time but each time less until its forgotten and replaced by other coins.

>>	Anonymous Mon Dec 29 05:17:47 2014 No.595626 >>595166 Really? I was out of the wire for a while. What happened to pandacoin and amdoge?

>>	gooseberry Mon Dec 29 07:55:04 2014 No.595657 >>580941 Pro tip from an Australian. It's only used for silk road here.

>>	Anonymous Tue Dec 30 15:35:59 2014 No.597024 Can you say cheap coins?

>>	Anonymous Tue Dec 30 16:04:21 2014 No.597051 Was /biz/ the one that started /r/buttcoin ? I get the same teenage angst I see there sometimes.

>>	Anonymous Wed Dec 31 18:57:52 2014 No.598198 price slowly creeping back up Buy now or cry later.

>>	Anonymous Wed Dec 31 22:02:26 2014 No.598317 >>580993 >slightly fuckoff retard

Anonymous Wed Dec 31 22:25:58 2014 No.598333

>buying shitcoin unironically
-extremely volatile
-US gubmint seized millions of them and can puppet the market whenever they feel like it
-price
-niche black market is the backbone of the price
>actually thinking decentralized currency works in the real world
its delusional libtard central here...
bitcoin is nothing but a glamorized dotcom stock. Investment is the wrong word. Buying shitcoin is much closer to gambling, something any intelligent investor would not do when there are stable alternatives.

Anonymous Thu Jan 1 14:42:00 2015 No.598853
File: 42 KB, 250x337, 1403968382993.jpg [View same] [iqdb] [saucenao] [google]

>>598333
>>598317
>>595234
>>594916
>>592622
>>592389
>>592335
>>591131
>>591105
>>591069
>>587192
>>587150
nocoiners gonna nocoin

They're extremely frustrated they never climbed aboard this amazing future e-cash train.

Or they sold a lot of coins in the double digits and are salty as fuck.

They flock to bitcoin threads and try to fling shit around, attempting to make themselves feel better about having nocoins.

>>586355
>I wonder what kind of severe mental retardation you need to have to not see the objectively tremendous opportunity that being a Bitcoin pioneer is. It's literally laughable how objectively correct the fact is that I will be able to retire in 10 years with my 21 BTC. Just lol.
This guy gets it.

>>	Anonymous Thu Jan 1 17:09:07 2015 No.599005 could anybody please spare .04 btc you have no idea how apreciative i would be. my wallet adress is: 1QHgA6zNhbS66nixv(ignore parentheseis)J8Ys3efAt7WMoUHv7

>>	Anonymous Thu Jan 1 17:27:17 2015 No.599028 >>581077 How many Bitcoins do you have?

>>	Anonymous Thu Jan 1 17:44:26 2015 No.599041 >>580907 >yfw PND turned out to be a pump and dump afterall /biz/ was right all along. It was EXACTLY like drk and doge and all those other coins. Never trust Chinamen, they always have shitty things

>>	Anonymous Thu Jan 1 22:22:07 2015 No.599337 >>599005 btcjam.com

>>	Anonymous Thu Jan 1 22:43:00 2015 No.599356 >>582776 Ya the creator is a mathematical prodigy, currently working on an unproven proof solo. Expecting its completion 2015

Anonymous Thu Jan 1 23:13:40 2015 No.599385

>>599356
Not just smart. Extremely educated. The knowledge needed to build on cryptographic hash functions to create bitcoin technology would only be possible with an advanced math degree at MIT or apprenticeship under someone who has one. There are only a dozen people in the world who even understand it from a technnical and mathematical perspective. The majority of them are either actively employed by, or working in tandem with US government agencies, the main being the NSA.

>>	Anonymous Fri Jan 2 00:39:29 2015 No.599493 >>598853 >nocoiners gonna nocoin >ignoring logic and spouting ebin memes fuckoff retard

>>	Anonymous Fri Jan 2 00:41:07 2015 No.599497 just in bitcoin ebin rise to over 1k USD in 2013 was caused by fake orders and bots http://www.coindesk.com/missing-mt-gox-bitcoins-inside-job-japanese-police/ its all a lie

>>	Anonymous Fri Jan 2 01:11:00 2015 No.599532 Bottom line reason why it's a shit investment: many people trying to convince others that it is not. True Jews would hoard their wise ideas unless to pump and dump. /topic forever

>>	Anonymous Fri Jan 2 16:40:36 2015 No.600133 "If I can't have coins or I'm too dumb to understand how amazing Bitcoin is, I'll just shitpost!" -Every shitposter in this thread.

Anonymous Fri Jan 2 17:20:00 2015 No.600162

>>600133
Sorry we screwed up your wonderful and informative thread, OP. You are just a humanitarian at heart which is why you spread the joys of Bitcoin far and wide when you yourself have nothing to gain by other people buying these symbols of freedom and hope. Every bump from you is a breath of fresh air among us naysayers who just want to crush dreams of $100k bitcoins and pina coladas on a warm beach. Continue to do God's work, sir. You are a gentleman and a scholar; I salute you.

Anonymous Fri Jan 2 17:54:21 2015 No.600210
File: 1.11 MB, 1007x748, 7000 bitcoin transaction.png [View same] [iqdb] [saucenao] [google]

>>600133
Most people are too dumb to understand bitcoin, in fact most people are too dumb to even acquire them in the first place.

This is a hurdle for now but as the younger generations with cell phones and constant internet connectivity grow older bitcoin will become the dominant currency. It's only a matter of time now.

Anonymous Fri Jan 2 18:02:21 2015 No.600225

every month around 4.5 million dollars are wasted on electricity to produce bitcoins. what if the value of bitcoins gets very low, so low that mining it would bankrupt yourself? i think this shit is already happening, bitcoin will crash because it costs too much power to produce and the value gained from mining is shit tier.

>>	Anonymous Fri Jan 2 18:04:07 2015 No.600229 >>583734 Well could you explain it to me? I'm interested in knowing.

Anonymous Fri Jan 2 18:14:20 2015 No.600246

>>600210
keep thinking that libtard
maybe if you picked up an econ book and read about currency you would see why shitcoin was doomed from its conception
>b-b-but I can profit from it/it has had a gain in value
That has nothing to do with why it can't be a successful currency.

Anonymous Sat Jan 3 13:31:31 2015 No.600646

>>600225
Source? How much electricity is "wasted" on; hot water, video games, TV, internet? Please tell us since you seem to know how people should use their electricity better than they do.

>>580917
>Why would I buy a BitCoin with money, then use that BitCoin to buy something, when I already could've bought the goddamn thing with money.

There are so many things you can do with bitcoin that you cannot do with conventional methods. To name a few: smart contracts, gambling, remittance, online purchases, machine to machine payments, micro payments and crowdsourcing.
https://www.youtube.com/watch?v=4nOfHpOFhN8

>>600246
Right, because bitcoin behaves just like a traditional currency and isn't a whole new protocol introducing us to a whole new technology.

Anonymous Sat Jan 3 13:41:16 2015 No.600651

People never want responsibility. Loosing your wallet.dat and your dosh is gone. Banks were invented to solve this EXACT problem 1000 years ago. In reality, your assets are far more at risk in a bank than they are on your hard drive at home. But people will never perceive it that way. Bitcoins will always be a speculation game, but a good and liquid speculation game at that.

Anonymous Sat Jan 3 13:45:05 2015 No.600652

>>600646
>so many things you can do with Bitcoin that you can't do with conventional methods
>smart contracts
Sorry but Ethereum and Ripple have already beat Bitcoin to this. Bitcoin is an already outdated tech. Smart contracts can also easily be applied to conventional forms of finance. This isnt proprietary to Bitcoin, nor has Bitcoin even ever had this capability.
>gambling
Really? You can't gamble without Bitcoin? As if we need to put more money in the hands of gambling sites anyways.
>remittance
Apple pay. Just the tip of the iceberg in fintech that improves conventional forms of finance. Enough said.
>online purchases
Made more difficult with Bitcoin. Easier just to use prepaid credit cards.
>micropayments
Not a new concept. Paypal scrapped their micropayments program because nobody was using it.
>crowdsourcing
Also not a new concept. Does not require Bitcoin not does Bitcoin improve on the existing models.

>>	Anonymous Sat Jan 3 14:26:01 2015 No.600670 >>599385 >There are only a dozen people in the world who even understand it from a technnical and mathematical perspective. Uh, no. lol

Anonymous Sat Jan 3 14:30:15 2015 No.600671

>>600646
>muh techulugy and prutculs
Typical libtard bullshit.
Technology is not important compared to the social and economic acceptance of a currency, you complete fucktard. You seriously believe that any sane whitehat investor will think even once about investing in shitcoin when it lacks a central backbone and has been volatile in price since its conception?

Sure, you can gamble and make money off of bitcoin if you got on the boat early enough.

Will it ever be a real currency with the logic of the modern economic world?
No

>>	Anonymous Sat Jan 3 14:53:44 2015 No.600681 >sub $300 >B-buy now goys. Its teh future! Hahahaha fucking shitters

Anonymous Sat Jan 3 14:55:14 2015 No.600682

>>600652
>ethereum
Priced in btc because of the net work effect

>ripple
Centralized and non distributed

>Apple pay
Closed garden and requires a credit card, gov ID.

>paypal
Has overhead and expenses making micropayments unfeasable. The fees they are charging is like 30cents a transaction.

>credit card
1960's tech is still relevant today. Considering how easy ID theft and credit card scams are it's only a matter of time before they are obsolete especially due to the rise of mobile banking apps which are far more expedient.

>>	Anonymous Sat Jan 3 15:09:20 2015 No.600688 >>600682 >Considering how easy ID theft and credit card scams are No. They will just move your credit card onto your smartshit like everything else

Anonymous Sat Jan 3 15:17:37 2015 No.600689

>>600682
>Ripple
>Etherum
I didnt mention these to shill them. I could care less if people use the tech or not. I was just pointing out that Bitcoin does not have smart contracts. You guys want to lump all cryptos together when you want to talk about new tech but when any other crypto threatens Bitcoin with innovations that Bitcoin doesnt have, all the sudden its "muh network effect".

Bitcoin does not bring anything new to the table that conventional finance isnt already in the process of finding (or already has) workable solutions to. Apple Pay, although it does not fit libertarian ideals, is one of those solutions. To say that you need a government ID to use Apple Pay is a really bad argument because you need more credentials than that to open an account on a Bitcoin exchange. Also you are wrong on Paypal charging 30 cents on micro-transactions. They charge 5 cents. Either way it is a really small and negligable amount. Microtransactions is a niche market that really doesnt need much innovation anyways. Nobody uses it even though the fees to send micropayments are almost nonexistant. As to credit cards, you said it. Mobile banking is the future. Not Bitcoin.

Anonymous Sat Jan 3 15:33:03 2015 No.600700

>>600689
You need literally zero credentials to download a wallet go to a faucet and get your first free bitcoin, which you can use to gamble or trade with. When it comes to micropayments it's more likely that machine to machine interactions or mmorpg's will utilize these and I am willing to bet a digital native currency will be used as to cross platforms over borders thanks to the internet.

Mobile banking apps is helping people make the next abstraction in thinking about money. USD is increasingly less tangible since credit cards it won't be long before bitcoin becomes intuitive.

Anonymous Sat Jan 3 15:47:10 2015 No.600714

>>600700
>faucet
Now you're really stretching. The amount of Bitcoin dispensed from faucets is not enough to get you 1 Bitcoin in a whole year. Face it, in order to use Bitcoin you have to buy some. In order to buy some from an exchange you need a ton of credentials and they charged a fee. Of course you can buy some from localbitcoins but then you are paying above market price. If you want to be law abiding, you have to pay capital gains taxes on top of that. Its an expensive, risky, and inconvenient system which is why the market is made up of speculators and not people who actually use it for day to day transactions.

>USD is increasingly less tangible since credit cards it won't be long before bitcoin becomes intuitive.
Do you even think about what you type before you type it? This makes absolutely no sense. Its almost like you just strung a few buzzwords together to form a cohesive sentence and it fell apart before you could proofread it.

Anonymous Sat Jan 3 15:56:41 2015 No.600721

>>600714
Offer goods or services in exchange for bitcoin, it can cost very little. There are many faucets for many crypto's you can trade for bitcoin, if you are dedicated you could get a bitcoin in a year. Poker free rolls have no cost and are fun for some.

USD exists mostly on digital ledgers today and people have come to accept this. Credit cards were introduced in the 60's, prior to this everything was either cash or check, a physical representation of money. Credit cards have helped the public understand that money doesn't necessarily have to be physical. Bitcoin a digital currency will gain adoption if not for it's security then for it's efficiency.

>>	Anonymous Sat Jan 3 16:06:50 2015 No.600730 File: 45 KB, 528x378, 1392036116478.png [View same] [iqdb] [saucenao] [google] >>581700 The Dogecoin ride never ends. It is the joke that became money.

Anonymous Sat Jan 3 16:32:15 2015 No.600754

>>600721
>Bitcoin a digital currency will gain adoption if not for it's security then for it's efficiency.
Secure? Not so much at this point. Bitcoins get stolen all the time from wallets. We have also seen what happens with Bitcoin exchanges (mtgox, etc.) which are the backbone of the technology. Efficient? Debateable especially since the existing financial structure is so damn convenient. There is also a big concern about the amount of electricity and hardware needed to secure the network not being as efficient as a distributed ledger. Regardless, security and efficiency alone will not gaurantee adoption.

Anonymous Sat Jan 3 17:17:39 2015 No.600787

>>600754
>Bitcoins get stolen all the time from wallets.
Do you know the different types of wallets?

>Debateable especially since the existing financial structure is so damn convenient
Tell that to the majority of people on the planet.

>is also a big concern about the amount of electricity and hardware needed to secure the network not being as efficient as a distributed ledger
Now who's spewing word salad?

Anonymous Sat Jan 3 17:56:08 2015 No.600819

>>600787
>do you know the different types of wallets?
You mean hot and cold? What does that have to do with people stealing from them? Cold wallets might be more secure but they are not as convenient for daily use. Which doesn't matter anyways because obviously Bitcoin isnt being used for anything much other than speculation. Even the amount of Bitcoin used to purchase goods through merchants is dwindling. Overstock, which is the first major merchant to accept Bitcoin missed their projections by millions. I think the exact word used was "dissapointing".

>Tell that to the majority of the people on the planet
You mean the majority of the people on the planet who havent used Bitcoin and continue to be content with the adapting legacy systems? If people wanted to use Bitcoin they would use Bitcoin. Its not like people dont know about it. Its not like its a very recent technology, the damn things been around for more than 5 years. If you relate it to another payment system like Paypal which experienced explosive growth within a year, its pretty pathetic.

>now who's spewing word salad?
I can understand your confusion since you dont know what a distributed ledger is. Ripple has figured out how to keep a ledger without the high costs of electricity and hardware associated with mining. Again, I am not shilling Ripple, just stating that Bitcoin is an inefficient model because of all the resources wasted. We are in a time in history where sustainability matters.

>>	Anonymous Sat Jan 3 18:06:03 2015 No.600833 >>600819 isn't time to be watching your 6 o'clock news, gramps? :^)

>>	Anonymous Sat Jan 3 18:11:04 2015 No.600842 >>600833 Kek

>>	Anonymous Sat Jan 3 18:38:10 2015 No.600865 $283 USD and falling now And you said the value had stabilized

Anonymous Sat Jan 3 18:54:42 2015 No.600879

>>600819
I know perfectly well what a distributed ledger is.
>Ripple has figured out how to keep a ledger without the high costs of electricity and hardware associated with mining.
You mean by centralizing it?

>If you relate it to another payment system like Paypal which experienced explosive growth within a year
It's unlike any other payment method in use today. Sure it's 5 years old but I think we can agree it's done amazing in those first formulating years and it's still around despite massive adversity. As far as sustainability is concerned, do you know how much our current financial system uses in terms of Watts? If so can you provide any sources to show that bitcoin is more wasteful?

>>	Anonymous Sat Jan 3 19:12:17 2015 No.600896 Hold me guys ;_; Hold me while I hodl.

Anonymous Sat Jan 3 19:13:10 2015 No.600899

>>600879
Yes I mean by centralizing it. The only people that care about decentralization are libertarians which are a small minority. Everyone else just cares about financial innovations that make payements and transfers easier and cheaper. Banks like Citibank or Wells Fargo and BofA could adopt a distributed ledger and achieve the same goal without ever having to expose themselves to the volatility and risk that comes with cryptos.

>still around despite massive adversity
Just because it is still around doesnt mean that it will be successful or widely used. Bitcoin advocates keep saying "just wait" but I am not sure what we are waiting for. There really is no barriers to Bitcoin adoption yet for some reason it is still a fringe technology with limited use after 5+ years. The marketcap has not only stopped growing, it has shrunk for a whole year with no sign of a trend reversal. I dont see what you see. Maybe because I am not blinded due to being personally invested.

Anonymous Sat Jan 3 19:37:35 2015 No.600924

>Banks like Citibank or Wells Fargo and BofA could adopt a distributed ledger and achieve the same goal without ever having to expose themselves to the volatility and risk that comes with cryptos
How would they do this?

>There really is no barriers to Bitcoin adoption yet for some reason it is still a fringe technology with limited use after 5+ years
It's easy to dismiss when you're a layperson.

>The marketcap has not only stopped growing, it has shrunk for a whole year with no sign of a trend reversal
Yes, so? It's growth was unsustainable in light of the unfolding events at the time like price manipulation and fraud. Many of these issues spawned solutions like vault of satoshi's full proof of solvency and the publication of cold wallets.

Anonymous Sat Jan 3 19:57:01 2015 No.600937

>>600924
>how would they do this
By integrating a universal protocol to serve as the platform on which their banking systems sit. Obviously this cant be the Bitcoin protocol since it is decentralized but a distributed ledger would allow for instantaneous interbank transfers which is something that they are currently lacking. If you went to Money 20/20 last year you would understand that this is something that major banks have already been looking into as part of fintech advancements. A few banks are already running trials and beta testing.

>its easy to dismiss when you're a layperson
Good thing I am not a layperson then, huh?

>Many of these issues spawned solutions like vault of satoshi's full proof of solvency and the publication of cold wallets.
I wouldnt limit Bitcoins issues to just the ones you mentioned. Thats probably one of the main reasons its not widely used, right?

Anonymous Sat Jan 3 20:05:43 2015 No.600946

>>600937
>A few banks are already running trials and beta testing
Which banks and what platform?
>Good thing I am not a layperson then, huh?
I didn't say you were, the guilty flee where no man persueth.

>Thats probably one of the main reasons its not widely used, right?
No, it's easy to dismiss due to the negative news coverage and the nature of the subject matter is the reason I propose it hasn't captured the masses imagination. .

Anonymous Sat Jan 3 20:27:30 2015 No.600962

>>600946
>Which banks and what platform?
Most major banks. Whichever ones you can name are probably listed. Money 20/20 had a huge turnout this year and there are hundreds of companies represented in financial innovation last year. Banks are mostly interested in the underlying technology although I know 3 US banks and one German one are already in late phases of integration into the Ripple platform. Apple Pay also recieved a huge amount of interest from banks.

>No, it's easy to dismiss due to the negative news coverage and the nature of the subject matter
That will do it. I am sure those are some of the reasons, yes. Obviously those are not the only issues Bitcoin has though. I thought you were trying to defend Bitcoin? It seems like you agree there are definite obstacles to mass adoption that never seem to have been resolved.

>>	Anonymous Sat Jan 3 20:30:51 2015 No.600965 >>600962 Meanwhile Bitcoins marketcap drops another 10% this week. As always, the proof is in the pudding.

Anonymous Sat Jan 3 20:33:31 2015 No.600967

>>600962
>integration into the Ripple platform. Apple Pay also recieved a huge amount of interest from banks.
This is where we disagree.
The financial battle is whether this open source, decentralized, distributed general ledger system will over come closed garden, proprietary, centralized systems. In the past the former has won. Wikipedia vs. Encylopedia Encarta or the internet vs. AOL.

Anonymous Sat Jan 3 20:56:56 2015 No.600986

>>600967
What do you think if in order to use Wikipedia people had to go to a website that was unregulated, give them all their banking information, personal IDs and current address, wait 3 days to recieve access to their account along with heavy fees, have to trust them implicitly that they will not scam them and take off with the money and not even have any gaurantee that Wikipedia will be here tomorrow. Do you think people would have still used it?

You cant compare Bitcoin to other decentralized technologies or systems. The problem isnt that Bitcoin is decentralized (although centralization would decrease the volatility), the problem is that all the services that make up the actual network are all centralized and unregulated. Not many people have any desire to use risky and unregulated exchanges because there are many existing financial institutions that are regulated and have consumer protections. The small benefits (even this is debateable) of using Bitcoin does not outweigh the risks.

>>	Anonymous Sat Jan 3 20:59:27 2015 No.600987 >>580907 Bitcoin has lost 10% or so in last couple of days, should i buy now? Or toss my cash in a fireplace first. Atleast then you can take the ashes to a centrifuge and make carbon nanotubes.

Anonymous Sun Jan 4 01:08:21 2015 No.601254

>>600986
What part about:
You need literally zero credentials to download a wallet go to a faucet and get your first free bitcoin.

There is no appeal to authority to participate and I agree it is still the wild west. If it's too risky for you then I can understand, there's no hotline number to call if you get into trouble.

Anonymous Sun Jan 4 01:33:12 2015 No.601269

Bitcoins are worthless. They came into 2013 worth $10. Then they went to over $1000 by November 2013. They have been falling in value ever since and are now worth <$300.

The Bitcoin bubble popped 13 months ago. Unlike subprime real estate, which actually has SOME underlying value, Bitcoins are worthless hashes. Bitcoin is headed to $0.

>>	Anonymous Sun Jan 4 02:18:49 2015 No.601303 File: 656 KB, 1056x1800, vsccHYr.png [View same] [iqdb] [saucenao] [google] >>600671 Don't bother arguing with these cargo-cult idiots. Everything they know about economics they just asspull in order to delude themselves and each other. >pic related.

>>	Anonymous Sun Jan 4 02:56:08 2015 No.601331 >>591937 I kek'd. /biz/ truly has some gold posts.

>>	Anonymous Sun Jan 4 03:14:20 2015 No.601343 >>601269 not worthless, overvalued for now. it is not the revolution it promised to be, there is better technology now, and im not talking about the hur dur 2.0 POS crap, but Monero.

>>	Anonymous Sun Jan 4 04:18:49 2015 No.601373 >>601303 >Bitcoin prize does not strictly favor the 0.618 Fib ratios during advance - instead showing a preference for Fibonacci series numbers such as 1, 2, 3, 5, 13, etc. What the fuck

>>	Anonymous Sun Jan 4 08:10:47 2015 No.601442 File: 56 KB, 800x670, Dunning-Kruger.jpg [View same] [iqdb] [saucenao] [google] >>601373 Welcome to the magical world of Bittcoiners.

>>	Anonymous Sun Jan 4 08:30:09 2015 No.601464 File: 201 KB, 599x398, B4hoGkeCEAADxO8.png [View same] [iqdb] [saucenao] [google] >>601303 Not bitcoin related, but here is something about the Full Moon vs. the VIX https://twitter.com/Not_Jim_Cramer/status/542798367584034817/photo/1

>>	Anonymous Sun Jan 4 08:34:35 2015 No.601470 >>601464 That's just people getting paid fortnightly. idiots... the whole lot of you. Fucking Bitcoiners.

>>	Anonymous Sun Jan 4 09:11:02 2015 No.601496 Oh boy, we're going ever closer to the crazy manipulation ballpark again. I think we're gonna bottom out at a $100 and from there on it'll be time to grab the popcorn and watch the graphs jump up and down. Its gonna be pre-november times

>>	Anonymous Sun Jan 4 14:15:52 2015 No.601767 >>601442 >no nothing Know nothing

>>	Anonymous Mon Jan 5 00:13:46 2015 No.602401 File: 78 KB, 1977x826, HzKuWQNNN.png [View same] [iqdb] [saucenao] [google] IT'S HAPPENING!

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/biz/ - Business & Finance