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/biz/ - Business & Finance


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6720477 No.6720477 [Reply] [Original]

EXIT. ALL. ALTS.

>> No.6720539

>>6720477

btc is not what is used to be

if btc 10x then alts 100x

>> No.6720576

>>6720477
There's a lot of stupid people on this board, but nothing quite compares to corecucks. Their delusion knows no limits. I'll still be seeing these fucking posts in a few months when BTC is down to <10% total market cap and the coin moves 1% up.

>> No.6720590

>>6720477
>BTC Dominance falling for the year
>Google Trends for BTC going down since December, cryptocurrency trends going up
>"Exit all alts"

Yup, OP is a faggot.

>> No.6720600

>>6720576
lol fucking newfag
THE KING IS RISING, WHALES DUMP EVERYTHING FOR THE KING

>> No.6720644
File: 118 KB, 986x936, current state of the LN.jpg [View same] [iqdb] [saucenao] [google]
6720644

Daily reminder that the Lightning Network is already up and running.

>> No.6720653

>>6720576

DIGITAL

GOLD
O
L
D

>> No.6720671

Is ETH an alt?

>> No.6720687
File: 18 KB, 248x189, 0e9.jpg [View same] [iqdb] [saucenao] [google]
6720687

>>6720539
>>6720576
>>6720590

ITT: Pajeets mad that their alts are crashing

>> No.6720719

>>6720477
>>6720600
Your perception is tainted by your memories of grandpa's glory days. BTC is dying now. The world is not anymore the way it used to be. MMM MMM NO NO NO.

>> No.6720738

>>6720653
>>6720644

>> No.6720745

>>6720671
nah you're ok with ETH

>> No.6720747
File: 25 KB, 384x248, 1509462451458.jpg [View same] [iqdb] [saucenao] [google]
6720747

>>6720539
>btc is not what is used to be
HMM HMMM NONONO

>> No.6720768

Why does this happen? Why do alts not follow up?

>> No.6720790

>>6720719
>grandpa
faggot detected, prepare your anus for the king

>> No.6720804
File: 109 KB, 588x823, 1513362940069.jpg [View same] [iqdb] [saucenao] [google]
6720804

>>6720768
>Why does this happen?

>> No.6720826
File: 88 KB, 651x630, IMG_5308.png [View same] [iqdb] [saucenao] [google]
6720826

>>6720768
>Why do alts not follow up?

>> No.6720843

>>6720804
>>6720826
Do you just not know?

>> No.6720853
File: 78 KB, 321x185, 1516160540446.png [View same] [iqdb] [saucenao] [google]
6720853

>>6720747

>> No.6720880
File: 79 KB, 992x900, 1515928267218.png [View same] [iqdb] [saucenao] [google]
6720880

It's about to correct to sub 12k again though

>> No.6720884

There's a little time left, but once the crowd realizes were are out of the annual low... this year's gonna be crazy.

>> No.6720918

>>6720644

Yeah I'm sure everyone will just love their shitty expensive and impractical banking 2.0. I have to wonder if every lighting supporter just hasn't done any real research or if they're really just that retarded.

There's a future for a crypto to be a big currency in the world, but it sure as shit isn't bitcoin legacy. Buy Raiblocks or Bitcoin Cash or any one of a dozen other coins that actually have a chance.

>> No.6720921

>>6720768
cause everyone exits the alts

>> No.6720928

>>6720768
Solid coins do follow - look at RLC right now. Shitcoins get dumped for the king - look at VEN & XRP.

>> No.6720937

>>6720921
Why?

>> No.6720941

>>6720790
Bitcoin legacy is completely unusable and its numerous problems will never be fixed because of the community. There will simply be another dozen forks they'll fight off because they want to "hodl their digital gold". It's a fucking cult developed around a test token developed as a proof of concept.

>> No.6720964

>>6720843
obviously new

>> No.6720969

>>6720941
obviously new

>> No.6720971

>>6720843
no, i have a brain

>> No.6720991

>>6720971
Could you explain it please?

>> No.6720999

>>6720937
Because people like OP want to ride the bitcoin wave for their 2% gains.

>> No.6721008

fucking 12500 walls. and 13000, and 13500 and 14000 and 14500 walls. god damn it.

>> No.6721017

>>6720999
All gains are better than no gains

>> No.6721026

>>6720969
I've watched BTC since 2011 and it's the most retarded thing I could imagine.

>> No.6721032

>>6720991

Holy fuck dumbass.

So bitcoin is skyrocketing... if you're a smart trader, would you rather hold on to your alts or trade them for an appreciating asset?

The collective effect of everyone selling their alts at once causes alt prices to crash.

>> No.6721031

>>6720644
that sleepyark fellow is either going to become a billionaire or be very annoyed at the effort he's wasted
but isn't this all on testnet?

>> No.6721039
File: 31 KB, 600x336, 456456.jpg [View same] [iqdb] [saucenao] [google]
6721039

Post yfw people not only hold this overpriced unusable shitcoin, but shill it endlessly

>guys! we only need another 220 billion dollars to 2x!

>> No.6721042

>>6720969
t. newfag

>> No.6721056

>>6720768
XMR always follows, every single time

>> No.6721080

>>6720999
Gains in what though? You aren't going to gain any SATs. These are people trading in and out of BTC for Fiat?

>> No.6721085

>>6720941
lol this idiot thinks btc whales are morons.
when will they fucking learn?

>> No.6721087

>>6720991

alt season is when btc is going sideways.. everyone hunts for gains elsewhere.. when btc runs it's just the safest bet by far

>> No.6721101

>>6720477
tfw telcoin moves up with btc

>> No.6721136

>>6721080

Yes but when the value of the underlying asset (Bitcoin) goes up, the BTC pair for alts go down.

So by holding alts, you're losing sats.
By trading into BTC, you're not losing sats.

Which one would you prefer?

>> No.6721145

>>6721039
retard shill, move along

>> No.6721159

>mfw neo is taking a shit

>> No.6721169

>>6720991
remember that you're trading in currency pairs, so when the underlying king decides to moon, everything else is devalued instantly. not in fiat, but in satoshis. also, there is a war going on right now for crypto money. if the king continues to rise, he is proving himself to the market that he cannot be replaced, and all other shitcoins don't stand a chance. the price that the market sets the amount of belief in our lizard brains for long term sustainability, and affecting how many resources we can acquire if we hold said asset. capiche?

>> No.6721202
File: 225 KB, 1000x1000, 74814C45-031D-449E-B815-8D4D03486885.jpg [View same] [iqdb] [saucenao] [google]
6721202

>5 minutes before goverment shutdown
>watches alts fall off cliff
>watches btc rise $600
>mfw i knew this would happen
I plan on buying back my alts if they dip to 24h low. Wish me luck lads

>> No.6721207

>>6720918
Where did you get the impression LN payments would be expensive and impractical?
>>6721031
Sleepyark is the psuedonym Blockstream is going by -- it's so popular because they have the first store open accepting LN payments. And yes it is mainnet.

>> No.6721208
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6721208

>>6721145

>we only need to hit a trillion fucking dollars to 5x!

>> No.6721230

>>6720969
Obviously retard

>> No.6721232
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6721232

>>6720477
wait why would I do this?

>> No.6721243

>>6721169
Ok I think I get it.

>> No.6721252

>>6721159
Just hodl neos a good coin and this recent wave is mostly to US democrats confirming illegals > citizens
Usd just gave a middle finger to anyone on the crypto fence

>> No.6721259
File: 324 KB, 1600x1250, 1506005926570 (1).jpg [View same] [iqdb] [saucenao] [google]
6721259

>>6721039
>Thinks $220b is a lot
If 1 in 100 Americans allocated $1k worth of their retirement funds into Bitcoin, that would be an additional $3.2 trillion, bringing the market cap to $3.5 trillion, which is $166k per BTC if you include the entire 21m BTC supply. But in reality the supply of BTC is less than that when you remove Satoshi's coins, early whale's coins, exchange held coins, dust addresses, and coins lost by people who die without properly setting up a will to transfer their crypto private keys.

And make no mistake, BTC is the first coin that is going to get commodity ETFs, and these are what people are going to hold in their tax exempt 401ks and IRAs.

Forget current gains - we're going for longterm gains, and when there are BTC tracking ETFs BTC is going to immediately moon by many multiples, and all alts will immediately crash.

screenshot this.

>> No.6721291

>>6721039
The beauty is that Bitcoin is completely useless. It's a terrible currency, and it's a terrible store of value. It gave a glimpse of what was possible, but it has crumbled under its own weight. The cancerous community will continue to oppose any solutions to its various failures. It's ridiculous that some people keep going after it. It won't even be in the top 10 come the end of 2018.

>> No.6721311
File: 110 KB, 657x539, 1516110148175.png [View same] [iqdb] [saucenao] [google]
6721311

>>6721291
>It won't even be in the top 10 come the end of 2018.

>> No.6721318

>>6721291
You're a fucking idiot. It isn't useless and if you want a good coin to hold in your brainwallet forever BTC is it. Name another coin that is as good for that purpose as BTC.

>> No.6721323

drunk uncle is already out of gas

>> No.6721385

Imagine being stupid enough to buy bitcoin trash. guaranteed to tank in the next 2 months.
$5 by July. Screenshot this

>> No.6721388

>>6721259

This is literally the most real post I’ve seen.

I’m a little shocked to see it on biz.

Where have you been hiding anon?

>> No.6721393
File: 37 KB, 500x667, 5e59b38786d164012d30c71f3e20d706.jpg [View same] [iqdb] [saucenao] [google]
6721393

>>6721318
hmm idk how about fucking ETH lmao

>> No.6721423

>>6720477
yeah, exit all alts to ETH

>> No.6721438

>>6721311
Screencap it, you'll see I'm right. Bitcoin is worthless, and anyone who isn't deluded because they invested too much to see clearly will realize it sooner or later. It had its time, but unless it changes it's dead. And I can bet you anything that it won't change. If will just be dumb fork after dumb fork. It will remain a broken, and keep sliding down into irrelevance.

>> No.6721457
File: 137 KB, 944x768, 5itifh6drlxz.png [View same] [iqdb] [saucenao] [google]
6721457

>>6721393
You mean the coin beholden to Russian interests of which 70% is owned by early ICO investors?

Sounds like a great brainwallet hodl anon /s

>> No.6721475

>>6721388
used to be common place, now its rare.
i fucking miss the old days, even sept is old now.

>> No.6721482

>>6721438
You don't seem to understand how our lizard brains work. Likely autistic.

>> No.6721499
File: 161 KB, 2048x1536, IMG_5325.png [View same] [iqdb] [saucenao] [google]
6721499

>>6720745
Pffff

>> No.6721505

>>6721438
>Screencap it, the IP protocol is worthless, and anyone who isn't deluded because they've already invested too much engineering capital by building on top of it to see clearly will realize it sooner or later. It has its time, but unless it changes it's dead. And I can bet you anything that it won't change. It will just be more protocols built on top of it, with more protocols built on top of that. It will remain broken, and keep sliding down into irrelevance

>> No.6721534

>>6721499
i told btc/eth in a 65:35 ratio, whatever

>> No.6721546

>>6721323
stay in alts dude. youll be fine

>> No.6721566
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6721566

Nice, bought 9k!

>> No.6721572
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6721572

>>6721546

>> No.6721575
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6721575

>>6721259

>If 1 in 100 Americans allocated $1k worth of their retirement funds into Bitcoin, that would be an additional $3.2 trillion

And why would they invest in something that doesn't work...?

Why don't these americans invest in pogs? pogs are a more viable form of currency than the current bitcoin

>but.... store of balue

Bitcoin isn't gold. Gold is rare, highly non reactive and has real world uses such as in electronics.

>> No.6721588
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6721588

should i sell my bcash for bitcoin?

>> No.6721607
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6721607

>>6721575
>Bitcoin isn't gold. Gold is rare

>> No.6721610

>>6721136
But alts only go down in sats because people sell? This is self-fulfilling. Nobody would lose sats if they held onto their alts. Alts would be an appreciating asset like Bitcoin because they are tied to Bitcoin and Bitcoin is tied to fiat.
Alts <-> BTC <-> Fiat
Am I wrong?

>> No.6721613

This is a classic bull trap, don't fall for it.

>> No.6721619

>>6721159
confirmed shit coin according to this thread

>> No.6721620

>>6720918
>he isn't buying testcoffee on the testnet
https://www.youtube.com/watch?v=48uSd4eQfZs

>> No.6721646

>>6721613
it's called panic buying. shit is up a grand in 20 minutes

>> No.6721658
File: 510 KB, 1080x1492, 1514137822307.jpg [View same] [iqdb] [saucenao] [google]
6721658

It's time

>> No.6721662

>altcoin holders have to pray for bitcoin to not rise AND not fall in order for their bags to move up

damn must be hard being poor

>> No.6721665
File: 34 KB, 467x443, 435.png [View same] [iqdb] [saucenao] [google]
6721665

>>6721607

>forks your bitcoin

WOW SO RARE

>> No.6721668

>>6721610

Alt prices are tied to fiat, not sats. A $1 alt isn't going to become $1.10 when BTC rises 10%. It's going to stay at $1, so the BTC pair goes down.

>> No.6721671

>>6721505
And Gopher will live forever.

>> No.6721682

>>6721658
Wrong pink wojack, old-timer

>> No.6721690
File: 764 KB, 1410x1145, 1513511314781.png [View same] [iqdb] [saucenao] [google]
6721690

>>6721575
>And why would they invest in something that doesn't work...?
It works fine, I just used it last week. I transferred $30k to buy a bit of ETH for $15 in about an hour. Try doing that through wire transfers anon, good luck. The value of BTC is the adoption factor and its network effect. I know BTC will be around in 10 years because I know that other people realize it will also be around in 10 years so we all agree to use it for HODLing. That's how currencies work

Also BTC is more rare than gold and it's actually 100% finite in supply, unlike Gold. Asteroid mining is coming and most gold investments are done through ETFs where these people don't even hold the gold anyway. Barely any gold is actually needed for electronics. Don't fall for the memes.

>> No.6721693

>>6721646
>that fucking buy wall just jumping

>> No.6721712

>>6721665
it seems that you have a deep understanding of blockchain technology and understand what the first mover advantage is.

>> No.6721728
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6721728

>>6721665
Forks aren't real Bitcoin anon
>Creates lookalike gold
WOW SO RARE

Read this post on the topic

>> No.6721738

>>6721613
cant tell if based old /biz/ shill or just newfag

>> No.6721793

>>6721393
Rest of the series???

>> No.6721817

why im sleeping all the time, when bitcoin rice is happening?

>> No.6721824

>>6720477
Half of my portfolio is BTC alone for this exact reason.

>> No.6721827

>>6721318
Monero

>> No.6721858

>>6721827
Monero is great too believe me, it's one of the main coins in my portfolio, but there aren't going to be any Monero ETFs any time soon. It's not as good for a brainwallet, but it's great for a hot wallet.

>> No.6721860
File: 50 KB, 375x314, meme run.png [View same] [iqdb] [saucenao] [google]
6721860

unironic newfag brainlet over here
don't have the money or knowledge on bit coin so I'm going to just mess around and try to learn with dogecoin as a slow paced example

any place I can actually learn what I'm doing?

>> No.6721877

ayyyyy BAT BAT nigga

>> No.6721897

>>6721860
Hey anon that's good and you should definitely get the hang of crypto with a meme coin where there's not much money on the line

I suggest for noobs to watch Andreas Antonopoulos's cryptocurrency lectures (generally centered around Bitcoin but it applies to Dogecoin too)

https://www.youtube.com/watch?v=qkxdys-Ek9U

>> No.6721905

>>6721259
>this fucking golden post

Is this what /biz/ used to be like before the massive influx of garbage?

>> No.6721920

this next run is going to be fun.. i love watching the orderbooks melt away as everyone pulls their sell orders

>> No.6721928

>>6721690
>It works fine, I just used it last week. I transferred $30k to buy a bit of ETH for $15 in about an hour.

And you could have done it instantly for a few cents with Ripple or some other semi decent coin

Good job, dipshit


>I know BTC will be around in 10 years

Bitcoin will be around in the same way antiques are around. It will be bought and sold for its historical value. You can't show it off to people like a diamond necklace, so its value will still be very low. Probably under a 100 million in total marketcap.

>Also BTC is more rare than gold and it's actually 100% finite in supply

And...? It doesn't do anything. It's an absolute fossil of a coin by todays standards and wastes energy like nothing else.


>>6721728

>exact same code

Yep, it's bitcoin.

You're basically arguing that a pirated movie "isn't the real movie"

>> No.6721953
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6721953

Volume slowing down get out get out get out

>> No.6721973
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6721973

>> No.6722001

>>6721905

Pretty much, I started in March last year and there were some really good recommendations and barely any pajeets shilling. In fact, most of the good coins were being shilled or at least ones with potential rather than scams. Hell, even the scams still pumped (like RDD, DGB). You could have pretty much followed any coin /biz/ was buying into and make money with no effort. Now it's pajeets shilling literal scams or making people lose money on purpose to dump on them with their gang of whales (see DBC).

>> No.6722002

>>6721973
g'day gook

>> No.6722014

IN AT $12,350

LETS FUCKING GOOOOOO

>> No.6722025
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6722025

>>6721928
You clearly don't understand cryptocurrencies anon, I'm not insulting you just pointing out the fact. Ripple is not a cryptocurrency, it's a centralized banking coin. If you think BTC will only be around the same way antiques are around go ahead, but what you just said right now to me regarding Ripple exposes your ignorance for all to see.

And if you think having the "exact same code" means it has the same value as Bitcoin think again. First off, if it has the "exact" same code it's not a hard fork it's literally still just Bitcoin. If the code has functionally changed, then they are not following the consensus rules of the official Bitcoin (defined by the longest PoW chain according to Satoshi's himself in the whitepaper) and as such are not Bitcoin, and the majority of them have no value except those which are shilled and manipulated

A pirated movie is a real movie because it's an identical copy to the original, and in the case of movie files copies are just as good as the real thing. In the case of Bitcoin copies are not just as good as the real thing because the real thing has decentralized emergent hive properties

Look anon you're not very smart so I'm done talking to you, sorry but you think this is a debate when it's really an education session - for you. Please research the technology and what a blockchain even is.

>> No.6722056
File: 1.39 MB, 479x480, topkek.gif [View same] [iqdb] [saucenao] [google]
6722056

>>6722014
>being this dumb
It's going to dip again soon.

>> No.6722157
File: 52 KB, 346x360, 1438398061300.png [View same] [iqdb] [saucenao] [google]
6722157

>>6721668
>Alt prices are tied to fiat

>> No.6722179

>>6721973
Ni Hao, wealthy Chinaman!!

MAKE THIS SHIT GOOO UP

>> No.6722212
File: 124 KB, 3300x2550, 1511126471397.png [View same] [iqdb] [saucenao] [google]
6722212

holy shit, the chart anon was right

>> No.6722215
File: 73 KB, 400x349, 17b95bf4ba430baf8cb087a0d592555b[1].jpg [View same] [iqdb] [saucenao] [google]
6722215

>>6721668
>Altcoins automatically have their buy orders canceled or filled when Bitcoin's USD value goes up

>> No.6722231

Whoa. I'm actually back up to close to what I started at.
Here we go.

>> No.6722233

>>6721438
BTC has #brand the rest of that shit doesn't

>> No.6722240

>>6721973
Ni Hao, wealthy Chinaman!

>> No.6722255

>>6722212
lol his image

>> No.6722266

>>6722233
KHV really dont understand the power of BRAND and marketability

>> No.6722293

>>6722056
based shill

>> No.6722301

>>6722233
>>6722266
argue with those digits

>> No.6722315

>>6722056
Government shutdown because democrats value illegal immigrants over citizens
Other countries are riding on the idea amerimutts stock crash and pour money into crypto

>> No.6722337

>>6721858
"one of the main coins" as in you have more than 2 coins in your portfolio? Because BTC and XMR are the only non-shitcoins in existence

>> No.6722361

>>6722337
ETH isn't a shitcoin. I have BTC ETH and XMR.

>> No.6722411

>>6722361
ETH is a meme

>> No.6722419

>>6720477
Good thing I'm all in TEL ;]

>> No.6722429

>>6722233
Brand can only keep you afloat so long anon when your product is broken anon. People are dumb and do things because everyone else does them and "that's the way it should be", but everything that made Bitcoin what Bitcoin was was is long gone. What's been happening in the last few weeks is not a dip.

>> No.6722546

>>6722361

eth soon to become a shitcoin, damn thing can't even handle one dapp without coming to a halt

>> No.6722564

>>6722429
There's no particular reason why BTC can't transition to the same role that gold used to have, as a backing currency that is both valuable and a pain in the ass to trade.

>> No.6722577

>>6721973
ni hao, wealthy chinaman!

>> No.6722666

>>6722564
its already becoming that, anything else is FULL denial

>> No.6722677

>>6721259
>>6721259
EDIT: Lol what the fuck my math was wrong. It would only increase the market cap by $3.2 billion. I'm officially mentally retarded

Anyway 1 in 20 Americans are millionaires. Let's say every millionaire in America allocates $50k to BTC. That would be an additional $800b market cap, bringing the total market cap to $1.1 trillion with a value per BTC of $52k per BTC. This is only America though, Asian countries will push it way higher.

>> No.6722687

>>6722564
yes but gold is shiny and makes nice things to wear. BTC only value is faith that it will one day be a useful unit of exchange.

You can line you throne room with gold to show off, but that doesn't work so well with BTC.

>> No.6722732

>>6722677
What is slippage for 500. Market cap is an almost meaningless number.

>> No.6722750

>>6722677
>1 in 20 Americans are millionaires

fake news

>> No.6722852

>>6722750

That guy's retarded but it's actually higher than you'd think.

About 3% of Americans are millionaires, so it's approx 1 in 33.

>> No.6722872

>>6721031
It’s on mainnet faggot

>> No.6722944

>>6722852
based on net worth. hardly anyone normal keeps 1M in stocks or liquid

>> No.6722945

>>6721259
You get it

>> No.6723019

>>6721438
I know I hate owning btc and getting free money from forks. FML I hate free money.

>> No.6723117

>>6721668
>Alt prices are tied to fiat, not sats.
kys

>> No.6723205
File: 3.74 MB, 360x540, 57AC9D74-5A6C-493B-B720-74065976EB78.gif [View same] [iqdb] [saucenao] [google]
6723205

>>6722025
Thumbs up anon

>> No.6723256

>>6723117
They are though. They tanked in sats when BTC mooned.

>> No.6723274

>>6723019
>i luv dem bitcorn forks
You do realize that every single one of them is accelerating the death of BTC and decreasing its value, right? The only things that BTC has going for itself are the brand and the artificial scarcity. Each fork eats at both of those. The coin is dead anyway, might as well let them eat the corpse.

>> No.6723275

>>6720644
How does this "network" handle the routing between parties? Does that work yet or is it all just theory?

>> No.6723379
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6723379

>>6723256
>Alt prices are tied to fiat, not sats
>Alt prices tanked in sats when BTC mooned
You’re not making much sense here anon

>> No.6723539

>>6723274
no I don’t. every single one increases it’s value because even if only 0.000001% of the fork is sold for BTC it still increases the value of BTC for whatever is sold. And the remaining increases the value of crypto as a whole.

And increasing crypto as a whole is what we should all strive for! I don’t get the fucking hate on BTC and can only chalk it up to major butthurt for missing out and realizing that no other coin is gonna moon to $1M+

>> No.6723719
File: 221 KB, 568x479, 1513962966948.jpg [View same] [iqdb] [saucenao] [google]
6723719

>>6723539
>bitcoin is gonna moon to $1M+
Thanks anon. Sometimes I think that people like this cannot possibly really exist, but you just gave me a boatload of hope.

>> No.6723730

>>6722687
Jokes on you I frame my private keys as decorations

>> No.6723858

pump inc 430 am eastern
always when the eastcoasters sleep
every fucking time...