>tfw bitcoins are $310 now

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Anonymous Thu Dec 25 15:26:53 2014 No.592420 [Reply] [Original]

>tfw bitcoins are $310 now

>>	Anonymous Thu Dec 25 15:29:36 2014 No.592424 >>592420 Time to buy!

>>	Anonymous Thu Dec 25 15:31:37 2014 No.592428 >>592420 why is this shit coin so expensive?

>>	Anonymous Thu Dec 25 15:39:37 2014 No.592441 >>592428 it isn't.

>>	Anonymous Thu Dec 25 15:43:14 2014 No.592445 >>592441 3 hundred and odds for a single coin that is useless for the most part. take a load of this guy. I understand there is limited amount of this but I don't understand the price is not like they are on high demand

>>	Anonymous Thu Dec 25 15:45:55 2014 No.592448 >>592445 you are a retard

>>	Anonymous Thu Dec 25 16:17:51 2014 No.592469 >>592445 In god we trust.

>>	Anonymous Thu Dec 25 16:18:10 2014 No.592470 >>592448 Good argument dipshit. I'm guessing that's your go to line when you don't know what the fuck you're talking about.

>>	Anonymous Thu Dec 25 16:24:00 2014 No.592472 >>592470 >fa thats my line when i want to let subhumans know that they dont deserve an explanation about things that they could figure out themselves f they could think for a second

>>	Anonymous Thu Dec 25 16:26:27 2014 No.592475 >>592472 So in other words... you have no idea what the fuck you are talking about.

>>	Anonymous Thu Dec 25 16:35:52 2014 No.592480 Damn, I forgot I had around 2 BTC from April 2013. Should I sell now or will Russians use bitcoin for trading once their government collapses?

>>	Anonymous Thu Dec 25 16:41:17 2014 No.592482 >>592475 /thread

>>	Anonymous Thu Dec 25 16:45:15 2014 No.592483 >>592472 >>592470 The two most autistic things I have read all day

>>	Anonymous Thu Dec 25 16:50:37 2014 No.592488 >>592483 The third most autistic thing I have read all day.

>>	Anonymous Thu Dec 25 16:53:22 2014 No.592491 File: 594 KB, 876x493, shell-engraving6.png [View same] [iqdb] [saucenao] [google] >>592420 >Not pouring all your BTC into XMR

Anonymous Thu Dec 25 17:15:01 2014 No.592499

bitcoin is gradually becoming accepted by legit commerce, it has survived a year after becoming mainstream so I don't think it will melt away

https://blockchain.info/charts/market-cap

market cap is $4.5 billion

https://blockchain.info/charts/n-transactions

average number of transactions per day is 85000, or $25.5 million, the number of transactions is gradually increasing to about the level it was this time last year during the bubble and panic selling, even though it is nowhere near as volatile at the moment, suggesting that the increase in transactions is in large part due to E-commerce.

I am confident that most speculators have left, though I suspect there are many long term investors holding bitcoins who are uninterested in E-commerce though aren't likely to sell either. Need to put more thought into how I can estimate the value of bitcoin that is purely due to E-commerce but regardless it appears that 300 is a level resistance, having dropped to $294 in October and recovering quickly ending a downwards trend that lasted months.

https://blockchain.info/charts/market-price?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

don't know, what do you guys think

>>	Anonymous Thu Dec 25 19:01:10 2014 No.592548 >>592499 >I am confident that most speculators have left you are deluded beyond words my friend.

Anonymous Thu Dec 25 19:17:45 2014 No.592559

I'm so long term bullish on bitcoin. Bitcoin now is like post-IPO google. Everyone knows about it, but think it's a fad/bubble/over-valued because the speculators have been getting toasted the last few months. ALL the long term fundamental signs point toward continued real growth. I think we'll see it back at $1000+ in two to three years if not sooner.

>>	Anonymous Thu Dec 25 20:26:40 2014 No.592604 I wish I'd saved some of the bitcoins I mined when they were $10.

>>	Anonymous Thu Dec 25 20:28:46 2014 No.592608 >>592559 Shut the fuck up.

>>	Anonymous Thu Dec 25 20:32:13 2014 No.592609 >>592480 Why would Russians use something that has performed worse than their currency? >>592559 Ah yes, the fucking magic internet money can only go up. Even when it's clearly going down.

Anonymous Thu Dec 25 21:10:02 2014 No.592642
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>>592609
>Ah yes, the fucking magic internet money can only go up. Even when it's clearly going down.
People have actually started to unplug their mining rigs, since the price has dropped to a point where mining coins doesn't cover the cost of electricity/paying off loans for the rigs.

>>	Anonymous Thu Dec 25 21:23:27 2014 No.592651 >>592548 You are bad at speculating and investing.

>>	Anonymous Thu Dec 25 21:26:32 2014 No.592653 >>592559 >ALL the long term fundamental signs point toward continued real growth what fundamental signs?

Anonymous Thu Dec 25 21:26:52 2014 No.592654

>>592642
>decreasing supply is somehow bearish for the price.

No.

BTC is seeing more acceptance and use. The weak hands are out, and have been for months. They may come back and drive another wave of bubble speculation, but the fact is that from here it's going to be a sideways to upward grind over the long haul. Moonshots are done. Anything that looks like a moonshot, unless accompanied by something stupid like a nation adopting BTC as a national currency, is just another bubble. Speculate accordingly.

>>	Anonymous Thu Dec 25 21:29:36 2014 No.592655 >>592651 And you are a retarded, know-it-all buttcoiner from lebbit.

Anonymous Fri Dec 26 00:23:50 2014 No.592799 [DELETED]

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>>592499
average number of transactions per day is 85000, or $25.5 million, the number of transactions is gradually increasing

https://www.reddit.com/r/Buttcoin/comments/2q2hof/you_know_that_meteoric_rise_in_transaction_volume/

no wonder the blockchain has ballooned out from 12.5GB back in January, to the current 25GB.

Anonymous Fri Dec 26 00:25:53 2014 No.592802
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>>592499
>average number of transactions per day is 85000, or $25.5 million, the number of transactions is gradually increasing

https://www.reddit.com/r/Buttcoin/comments/2q2hof/you_know_that_meteoric_rise_in_transaction_volume/

no wonder the blockchain has ballooned out from 12.5GB back in January, to the current 25GB.

>>	Anonymous Fri Dec 26 02:12:36 2014 No.592864 I'm gonna cum so hard when this bubble pops.

>>	Anonymous Fri Dec 26 04:17:45 2014 No.592921 >>592420 $322 actually :^)

>>	Anonymous Fri Dec 26 04:27:52 2014 No.592927 >>592445 >usless >money laundering >usless

>>	Anonymous Fri Dec 26 04:30:54 2014 No.592928 >>592864 It already did.

>>	Anonymous Fri Dec 26 09:08:18 2014 No.592985 It's so sad watching people pan for gold after the gold rush has ended. Your May may currency is dead. Abandon ship while you can still get a few shekels back.

>>	Anonymous Fri Dec 26 09:41:26 2014 No.592991 >tfw mined doughje for 3 days 4 a laff >tfw traded them for btc at 180 sat >tfw sold the btc at $970 T H A T feel

>>	Anonymous Fri Dec 26 17:03:04 2014 No.593289 I love these threads. BTC fags always get btfo. Then again, buying one of the worst performing 'assets' on Earth for 2014 does that anyway.

>>	Anonymous Fri Dec 26 17:06:34 2014 No.593293 >>593289 >worst performing 'assets' on Earth for 2014 is this a meme?

>>	Anonymous Fri Dec 26 17:08:47 2014 No.593294 >>592420 buttcoin got BTFO on CNBC today. lol dat 2014 chart tho.

>>	Anonymous Fri Dec 26 17:12:02 2014 No.593298 File: 40 KB, 736x527, .gif [View same] [iqdb] [saucenao] [google] >>593293 nope.

Anonymous Fri Dec 26 17:14:07 2014 No.593300

>>592654
The current method of "acceptance" (taking them as payment and immediately dumping them) is reducing the value of bitcoin, not increasing it. Imagine what would happen to any currency if businesses sold all of it the instant they got it.

Bitcoin is an absolute nightmare to use securely and the average person cannot be assed to put up with even setting up a wallet, let alone other required safety precautions, especially for features that only a small % of the world even care about.

It's a niche market.

>>	Anonymous Fri Dec 26 17:15:50 2014 No.593302 >>593298 would give my left nut for a bloomberg terminal

>>	Anonymous Fri Dec 26 17:21:31 2014 No.593309 >>593298 you know you can make money when prices drop, right? you know you can also make money through altcoins...

Anonymous Fri Dec 26 17:29:09 2014 No.593320
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>>593309
>you know you can make money when prices drop, right?
>implying you can shortsell in a secure way

>you know you can also make money through altcoins
lol. I'll stick with real investments. Enjoy your tulip bulbs.

>>	Anonymous Fri Dec 26 17:38:27 2014 No.593323 >>593320 >implying btc/shitcoins aren't about speculation >implying there aren't whole groups gaming the system >implying you can't join them retard

>>	Anonymous Fri Dec 26 21:30:06 2014 No.593509 I call bitcoins 'poopykaka coins' because that's all they are to me.

>>	Anonymous Fri Dec 26 21:53:34 2014 No.593525 >>593289 btcfags aren't really getting btfo, you faggots just don't quite grasp alternative currencies because your shekle provider indoctrinated you into believing the only good currency is jew currency. it's not our fault you're a goddamned idiot

>>	Anonymous Fri Dec 26 21:57:42 2014 No.593529 >>593525 >thinking bitcoin is an "alternative currency" Are all of you guys this stupid or just you?

>>	Anonymous Fri Dec 26 22:08:22 2014 No.593538 >>592445 Money laundering and it's basically an entire currency for the world, it has tons of uses as well and for some people replaces their country's currency

Anonymous Fri Dec 26 22:17:39 2014 No.593542

>>593538
It absolutely replaces no countries currency. Countries with failing currencies either use USD or another stable currency like the Euro or Yen. Using Bitcoin as a currency does not happen because employers dont pay in BTC, you cant pay taxes in BTC (even though gains are subject to taxes), you cant buy groceries in BTC, you cant pay a rent or mortgage in BTC, you cant pay a phone bill in BTC, you cant finance a car or pay for car insurance and gas in BTC... Etc. Bitcoin also loses 70% of its value in a year which is even worse than the Ruble. Lets not compare it to real currencies because Bitcoin is beyond shit at holding value, stability, and use by the general populace. It is a niche commodity at best and a straight up ponzi scheme at worst.

>>	Anonymous Fri Dec 26 22:24:39 2014 No.593551 >>593542 dont forget its not even anonymous and once they know your address they know your past and future transactions, its ridiculous as currency and storage of value.

>>	Anonymous Fri Dec 26 22:26:31 2014 No.593555 >>593529 pretty sure i can use it to purchase things so...

>>	Anonymous Fri Dec 26 22:31:37 2014 No.593559 >>593555 I can use gift cards to buy food at a restaurant too. The ability to puchase things with it doesn't make it a currency.

>>	Anonymous Fri Dec 26 22:33:47 2014 No.593564 >>593559 pretty sure that's only a matter of restriction so...

>>	Anonymous Fri Dec 26 22:36:09 2014 No.593565 >>593564 A big ass restriction. That's what happens with IOUs that are not legal tender of a stable government.

>>	Anonymous Fri Dec 26 22:37:45 2014 No.593567 >>593565 that doesn't mean it's not a currency you daft faggot. you can smash a guys legs with a baseball bat until he says that 2+2=58 but that doesn't mean it actually equals 58

>>	Anonymous Fri Dec 26 22:42:36 2014 No.593572 >>593567 I already explained why its not a currency. Maybe you should try having actual arguments or refute mine instead of getting all pissy that bitcoin isn't generally accepted.

Anonymous Fri Dec 26 22:51:58 2014 No.593578

>>593572
all you're doing is saying that your jewish overlords don't like it and that means it isn't a currency. the use of force doesn't make something logical. i'm gonna go follow another thread now, you can go ahead and reply if you like, but you'll just make yourself look like a retard

Anonymous Fri Dec 26 22:59:56 2014 No.593584

>>593578
I still haven't heard one argument to why you think bitcoin is a currency except "I can buy things with it" which we already established can be done with non-currencies as well. But yeah, go ahead and leave the thread because you using the words "faggot" and "retard" a lot and then bailing is definitely more persuasive than actually making a point.

>>	Anonymous Fri Dec 26 23:10:01 2014 No.593587 The great thing about bitcoin is that it's going to be tremendously important and valuable whether you believe it will be or not.

>>	Anonymous Fri Dec 26 23:17:25 2014 No.593591 >>593587 The great thing about Bitcoin is that whether or not people think they are valuable is the very thing that determines their value. So if people don't think they are valuable, they won't be. Funny thing, speculative commodities.

Anonymous Fri Dec 26 23:22:59 2014 No.593593

>>593591
See, that's exactly wrong. Bitcoin's value derives from the blockchain - the technology that underlies it.

If it were just a speculative commodity then that'd be true, but it's not a commodity, it's not a currency, it's a technology - a way to transfer wealth that will be 10x better than the current system.

Anonymous Fri Dec 26 23:31:07 2014 No.593596

>>593593

Obviously not. The blockchain is open source, anybody can copy it and use the technology, as evidenced by the altcoins.

That's like saying "The U.S. Dollar derives its value from the pictures of Presidents on them". It makes no sense, they're freely copyable and therefore not scarce.

Anonymous Fri Dec 26 23:35:50 2014 No.593602

>>593593
See, that's exacly wrong. Bitcoin (the protocol) value derives from the blockchain but bitcoins (the token) value comes only from speculation. Bitcoin can be used to transfer wealth even if bitcoins were a fraction of what they are worth now. They don't need to cost hundreds of dollars apiece if people are using them just to facilitate the movement of fiat. The more it is used to transfer wealth, the more liquidity is given to the network and the less hoarding will occur which drives down the price. If Bitcoin ever does become a good money transfer system, bitcoin price will drop tremendously.

Anonymous Fri Dec 26 23:40:29 2014 No.593607

Bitcoin is still 94x the price of a Kuwaiti Dinar, which is the most valuable other currency on the planet. In a few years a $3k-$5k price will not be unreasonable, considering how much it is growing daily, and how all other currencies are inflating at a much more rapid rate.

Anonymous Fri Dec 26 23:41:14 2014 No.593608

>>593596
This. Satoshi gave away the Bitcoin technology for free. It is not worth the $4.5 billion marketcap that the market suggests. It is worth $0 since it can be duplicated and can't be sold. It is only the bitcoins themselves that have value and only because of an arbitrary number that bitcoin holders are willing to sell them for.

>>	Anonymous Fri Dec 26 23:50:39 2014 No.593613 >>593607 >confusing unit price with market cap Sure, one bitcoin is worth $310, but there's also only like 14mm of them, whereas there's roughly $13 TRILLION worth of dollars, or like 3,000x the net worth.

Anonymous Fri Dec 26 23:52:21 2014 No.593614

>>593607
>all other currencies are inflating at a much more rapid rate.

Dude, no matter how you define inflation, BTC is inflation much faster. The miners are pouring ~10% of the total BTC supply in ever year in newly minted coins, whereas the US money supply (MZM) is only growing at like 5%.

Anonymous Sat Dec 27 00:02:08 2014 No.593623

I'm not a shill or claiming it will go to the moon, I want an objective view of bitcoin. If you think it will crash to 0 you're kind of just as bad as the moontaffers, especially if you don't really explain your reasons.

>>592548
it was at $1000 and is now at $300, most have left in terms of purchasing power at least

>>592802
this is a more relevant link, apparently it is a significant but still small fraction, the number of transactions does roughly represent gradual real growth in bitcoin, as well as evidence from more reliable sources
https://news.ycombinator.com/item?id=8781447

http://www.bbc.co.uk/news/technology-30377654

>>	Anonymous Sat Dec 27 00:15:48 2014 No.593633 >>592420 Geez, that's still too much. Considering it absolutely is not being used as it was intended, and with processing costs climbing rapidly, I foresee a major plunge.

Anonymous Sat Dec 27 00:25:30 2014 No.593641

>>593623
Ive been on /biz/ since it was created and have rarely ever seen anyone say it will go to $0 except maybe a couple people. Most bitcoin realists dont think it will die entirely, we just think it is still way overvalued. Also, to say that most speculators are gone is a bold claim to make with no basis in any facts. You think the people hoarding right now are not trying to sell for a higher price and recoup losses? I'm not sure you thought this through...

>>	Anonymous Sat Dec 27 00:37:08 2014 No.593649 >>593608 >for free >still holds 1kk bitcoins

Anonymous Sat Dec 27 01:02:25 2014 No.593657

>>593602
>If Bitcoin ever does become a good money transfer system, bitcoin price will drop tremendously.

Now that's an interesting and uncommon opinion that you just made up on the spot.

So the more people want to use bitcoin to transfer money, the less bitcoin will be worth? That just doesn't make any sense. Hoarders don't add demand, people that want to use bitcoin to take advantage of blockchain tech do though.

Anonymous Sat Dec 27 01:06:23 2014 No.593659

>>593602
Also, bitcoins fundamental value (and what separates it from alt coins) is the network effect. More people using bitcoin increases the value of everyone else that uses it. Speculators introduce volitility, but the value of bitcoin as opposed to other cryptos is the network effect.

Anonymous Sat Dec 27 01:07:48 2014 No.593661

>>593657
Hoarders dont add demand but they take away supply. When they use bitcoin for purchases or transfer to fiat, it frees the supply up. Meaning: if they actually used bitcoin for what it was intended for rather than hoard, the price would drop. Basic economics.

Anonymous Sat Dec 27 01:09:34 2014 No.593662

>>593657

(not him)

I have made numerous posts with exactly this opinion. Basically, it's an argument from the quantity theory of money- M*V = P*Q. An effective and rapid monetary transfer system will have a very, very high V. For instance, V in the U.S. right now is around 1.4, meaning that one dollar will change hands roughly 1.4 times per year. By contrast, if a BTC changes hands every 15 minutes, or even every hour, then it would have a velocity in the 1000's or 10,000's, and empirical studies have confirmed this is in fact the case.

Therefore, even if the "bitcoin economy" consisting of all things that could be bought and sold only in BTC matched the size of the US economy (HIGHLY unlikely), then one BTC would still only be worth $100 or so, and if the "bitcoin economy" were smaller, then one would be worth mere dollars or even cents.

Anonymous Sat Dec 27 01:16:07 2014 No.593666

>>593659
More people using bitcoin would increase the value of bitcoins if everyone hoarded but because of its volatility hoarding is a bad idea. You can easily use the technology as a money transfer service without holding any wealth in Bitcoin at all, a lot similar to all the merchants who trade them for fiat immediately after a purchase.

Anonymous Sat Dec 27 01:38:19 2014 No.593674
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>>593641
>to say that most speculators are gone is a bold claim to make with no basis in any facts
as I said it went from $1000 to $300

1000-300=700

700 > 300

even if the entire value of bitcoin is due to speculators, in terms of purchasing power more than 50% of speculators have left, which is my definition of "most speculators" if you want to get into semantics

anyway pic related is what I think is happening

what is up to debate here is the level of the mysterious purple line which I would like to see people focusing their attack on and conducting in-depth research using facts and logic

>>	Anonymous Sat Dec 27 01:38:37 2014 No.593675 >>592420 >tfw /biz/ will always be a shillcoin containment board

Anonymous Sat Dec 27 01:53:12 2014 No.593690

>>593674
To say that the price drop is mostly due to speculators leaving is a stretch. When a stock in the stockmarket crashes it doesn't mean that all the daytraders dumped their holdings never to return. There are a thousand other reasons why people might sell or why others re-evaluate the value of their investment. If you think that bitcoin can't have another severe price drop then you are not being realistic.

Anonymous Sat Dec 27 11:50:10 2014 No.593936
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>>593542
What's infuriating is how Bitcoin fanatics keep harping on on about all the businesses that accept Bitcoin as payment.
Except that those businesses NEVER TOUCH A SINGLE BITCOIN.
They all use a 3rd party processor (like Bitpay), who receive the Bitcoins. Those processors then transfer fiat currency into the so called Bitcoin-accepting businesses bank accounts.
It's like they're saying Paypal is a currency.

Anonymous Sat Dec 27 12:41:32 2014 No.593964

>>593690
it could have a severe price drop, it is just unlikely

also I am pretty sure after a bubble bursts and the price drops that it is almost entirely due to speculators panic selling, not good wholesome low risk long term investors adjusting their portfolios after re-analyzing the fundamentals

Anonymous Sat Dec 27 13:02:35 2014 No.593986

>>593964
There are a couple things wrong with this statement.
>it assumes that the speculators didnt buy back at the lower price. To say that most of them are gone is an arbitrary statement to make.
>long term investors in bitcoin do not have low risk. Buying Bitcoin at all is extremely risky. Ask anyone eho bought above $400 who may likely never see a return.

>>	Anonymous Sat Dec 27 14:00:18 2014 No.594029 >>593986 Why would they buy after the bubble bursts? All their hope of it going to the moon has been quashed. Long term investors believe they will see a return, they're not going to have the same thoughts as you. you best be trolling

Anonymous Sat Dec 27 14:13:55 2014 No.594043

>>594029
Because speculators speculate. After a burst some people think the value is going back up so they buy back in. Sorry to throw a wrench in your theory that all the daytraders are gone but the trading volume hasn't really gone down that much after the bubble burst. Just because the price has dropped doesnt mean the speculators are gone.

Whether or not long term investors think they will see a return does not make buying bitcoin low risk. In fact you are the first person I have ever seen anywhere refer to bitcoin as a low risk investment even among the crazies on the bitcoin forums. Even they know it is highly volatile and totally unpredictable.

>>	Anonymous Sat Dec 27 14:16:34 2014 No.594046 >>594043 wansnt shill coin like 600 bux last month?

Anonymous Sat Dec 27 14:25:57 2014 No.594050

>>594046
It hasn't been $600 since august but yes the general trend for this whole year has been downward. Besides that, there is no way to predict where it will be a month from now. If it continues this trend it will be around $250 but who knows. The people that are holding long term should do so knowing that there is a good possibility that the downward pressure may never reverse itself.

>>	Anonymous Sat Dec 27 14:31:14 2014 No.594054 >>594050 do this shit is affected by oil/disasters. or is just offer and demand? I might wait until it buttons and go long with one's the shills try to revive it again. so far it seems highly manipulative

>>	Anonymous Sat Dec 27 16:55:59 2014 No.594147 >>592420 http://www.xe.com/es/currencycharts/?from=XBT&to=USD&view=5Y

>>	Anonymous Sat Dec 27 17:07:20 2014 No.594152 So is the amount of Bc I can get directly proportional to the time I spend on it and the power of my computer or is it like with real mining and I can suddenly find a bunch of BC together if Im lucky?

Anonymous Sat Dec 27 17:15:53 2014 No.594158

>>594152
The former. It's math based, and the problems are really fucking hard. Bitcoin mining is already way outside the realm of home computers. Just buy it directly.

Don't buy those mining machines either. If they were worth anything the companies selling them would be keeping them.

Anonymous Sat Dec 27 17:18:41 2014 No.594161

>>592445

A Bitcoin is a nominal amount with no inherent value.

Just like a stock. The price of the stock is relative to amount of stock issued and market assessment of the underlying asset.

Bitcoin market capitalization is not particularly large. Compared to a real currency it's a joke.

>>	Anonymous Sat Dec 27 21:15:30 2014 No.594320 >>594161 It's a joke as anything else as well. From a technical standpoint it was mildly interesting as a public ledger, but the goddamn goalposts have been moved so much the faggots shilling for it have no idea what it is.

>>	Anonymous Sat Dec 27 21:17:41 2014 No.594321 >>593674 Instead of "value added by speculators" your chart should say "value mis-allocated by speculators".

>>	Anonymous Sat Dec 27 22:03:59 2014 No.594357 >>594320 Good for buying drugs and laundering money. Sorry you didn't make cash or use your brain to hide your assets ps ur fag

Anonymous Sat Dec 27 22:06:23 2014 No.594364

Everyone should read this to get an idea of why the technology underlying bitcoin is so valuable: http://startupmanagement.org/2014/12/27/the-blockchain-is-the-new-database-get-ready-to-rewrite-everything/

Now, the only interesting question that remains is how the actual price of bitcoin is affected by the adoption of blockchain/decentralized-consensus computing. It seems like at some point the value of a bitcoin will track very closely with the cost of the computing power required to maintain the distributed ledger. Indeed, I think that was the idea of the currency in the first place. So probably thinking of bitcoin as a currency at all might not make much sense in a few years. Or maybe not, I don't really know enough about bitcoin to tell.

Ignoring blockchain tech because you think bitcoin is/was a bubble is doing yourself a massive disservice though. There will be massive amounts of money made by the companies that implement blockchain tech.

Anonymous Sat Dec 27 23:48:24 2014 No.594445

>>594364
This is what I don't understand. Everyone is bitching about how the price SHOULD be a lot lower, how BTC is overvalued but the general public is just so stupid. If these people were really smart, they'd capitalize off the public's ignorance.

It's a mixture of idealism (wahh btc is a safe, instant cheap alternative to $$$ but I won't touch it until it lands in my lap) and insecurities (well if you've ever been around the block AS I OBVIOUSLY HAVE you'd know that Bitcoin is just stupid. Listen to my great opinion, I just repeat verbatim everything my parents say and headlines I read but it's OBVIOUS how smart I am)

>>	Anonymous Sat Dec 27 23:50:35 2014 No.594448 >>594445 your parents are shitty people who wish they could have bought in 3 years ago

>>	Anonymous Sun Dec 28 00:36:20 2014 No.594485 >>594448 ... exactly what I'm talking about Even if you completely acknowledge how stupid BTC is why do you not wish that you'd have bought in? Successful people don't discriminate how they make cash

>>	Anonymous Sun Dec 28 03:42:12 2014 No.594584 >>594485 That doesnt explain why you have retarded parents and why they have an inbred son

Anonymous Sun Dec 28 11:23:59 2014 No.594799
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>>594485
>why do you not wish that you'd have bought in?
Holy shit, you Bitcoin fanatics really are retarded out the ass.
Did you lot completely forget about what happened around this time last year?
When a certain exchange (Which once handled 70%+ of bitcoin transactions) made off with a shitzillion dollars?

Anonymous Sun Dec 28 11:34:20 2014 No.594806

>>594799
Seriously, read this shit right here to know why Bitcoin has been steadily falling in price:
https://www.cryptocoinsnews.com/report-mtgox-fraud-led-to-1200-bitcoin-price/
Bitcoin is just headed back to what it's REALLY worth, without market manipulation.

Anonymous Sun Dec 28 17:08:13 2014 No.595069
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will a kind soul help a fellow anonymouse find a way to buy a small amount online?
I am trying to spend a very little amount of burgers..
I know of localbitcoins but the options are very poor-asking price is always over 400

is ebay my best bet?

I just want to be part of history/bandwagon and have some small amount in my bank

question #2
I am a poseur when it comes to /g.
I am under the impression that beowolf cluster computing(multiple computers working as one) can be used for extreme math computation and similar ventures,
does anyone know through the grapevine of the aforementioned being used for mining successfully?

>>	Anonymous Sun Dec 28 17:11:29 2014 No.595073 >>595069 I wish I could help you buy some buttcoins. You deserve to get assreamed when the price cobtinues to fall. Its ok though I am sure some shill will follow this post on where to buy butts and "help" you out.

>>	Anonymous Mon Dec 29 04:57:05 2014 No.595619 >>595069 >I know of localbitcoins but the options are very poor-asking price is always over 400 lol what? that's a 20% markup.

>>	Anonymous Mon Dec 29 06:03:10 2014 No.595630 >a six year old currency not backed through the force of a government has some trouble becoming mainstream wow really?

>>	Anonymous Mon Dec 29 06:04:15 2014 No.595631 >>595069 Make an account on blockchain.info they probably have something linked that you can buy btc through your local currency.

>>	Anonymous Mon Dec 29 18:20:10 2014 No.596121 >>593323 >being this mad Like it not bitcoins are just a fad currency til something new and better comes along.

>>	Anonymous Mon Dec 29 18:21:55 2014 No.596125 >>593564 >A big ass restriction. That's what happens with IOUs that are not legal tender of a stable government. >>593564 >>593567 >>593578 BTFO lol

>>	Anonymous Mon Dec 29 18:22:32 2014 No.596126 File: 16 KB, 267x274, cofee.jpg [View same] [iqdb] [saucenao] [google] >>592420 >treating BTC as a stock instead of a currency 0/10 pleb

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