/bitcoin/

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/bitcoin/ Anonymous Sat Oct 17 10:24:25 2015 No.928840 [Reply] [Original]

Sup /biz/
What do you guys reckon is going on here?
Is this a whale pumping before dumping the auctioned SR coins?

>>	Anonymous Sat Oct 17 10:27:30 2015 No.928842 File: 121 KB, 2117x1267, Dumpin'.png [View same] [iqdb] [saucenao] [google] Pic related is what is worrying me

>>	Anonymous Sat Oct 17 10:30:24 2015 No.928844 Time to buy or have I missed the train?

>>	Anonymous Sat Oct 17 10:32:30 2015 No.928846 >>928844 I'm expecting the price to tank big time within the coming few days. I guess now would be a good time to sign up with an exchange and get ready to buy.

Anonymous Sat Oct 17 15:41:47 2015 No.929076

Anyone serious about securing wealth for the future should have at least 10btc.

The tech is solid and resilient which will become more prevalent in everyday life. Similar to the internet. When the internet started it sounded like shit but look at it now; a staple in the modern era.

>>	Anonymous Sat Oct 17 15:50:29 2015 No.929080 >>929076 Kek. As if this will last more than another 2 years

>>	Anonymous Sat Oct 17 16:03:00 2015 No.929087 >>929080 >2015 >still ignoring the TCP/IP of money I pity you.

>>	Anonymous Sat Oct 17 17:36:18 2015 No.929153 File: 23 KB, 625x626, 7b7.jpg [View same] [iqdb] [saucenao] [google] >>929087 kek

>>	Anonymous Sat Oct 17 17:52:13 2015 No.929166 File: 42 KB, 280x400, nwW16.jpg [View same] [iqdb] [saucenao] [google] >>929153 bitcoin will eat any bank in the next 6 years

Anonymous Sat Oct 17 17:58:54 2015 No.929170

>>929166

I can see banks integrating Bitcoin in to their customers accounts in 5 - 10 years. As in they will give you a Fiat and BTC accounts, which you can exchange between.. With them charging a small % fee.

That's what I think will happen anyway, who the fuck knows.

Anonymous Sat Oct 17 18:35:31 2015 No.929197

>>929166
>>929170
Bitcoin will not supplant any fiat currency or banks. The first and most important consideration is the fact that Bitcoin is irreversible once a transaction occurs. Now you guys may see it as a benefit, but ultimately this means every normie using it has to practice proper security hygiene, and (spoiler alert) they don't. Normies need trusted third parties to manage bitcoin for them and either they are regulated with the same fees, capital controls, and oversight that regular financial institutions have or you rely on the shitty incompetent or fraudulent ecosystem today.

Second is the inability of the network to scale to any efficient capacity. 7 transactions per second is insufficient for even the smallest of third world shitholes. Sure you can increase the block size but that require the whole ecosystem to go along with that. What is the likelihood that the Chinese mining pools will agree to something that requires far greater resources in terms of storage and bandwidth to handle? It is low. Considering they control 70% of the hash rate, they dictate the system.

So have distributed payment ecosystems built on top of Bitcoin, you might say. Bitcoin then serves as the reserve currency such that the people don't transact in bitcoin but the institutions do. The problem then lies in trusting these payment vendors. You subject yourself to the same problems you encounter when dealing with normies. Besides any consortium of financial payment systems could form a private blockchain to account for fiat transfers. This doesn't form a unique solution.

>>	Anonymous Sat Oct 17 19:46:05 2015 No.929250 >>929197 >transacting in cash is irreversible therefore normies can't into it. >TCP/IP can't scale!! omg... >For reasons people won't use btc but institutions will. We will have to trust them. Crock of shit m8.

>>	Anonymous Sat Oct 17 21:04:09 2015 No.929333 File: 1.66 MB, 400x400, implying.gif [View same] [iqdb] [saucenao] [google] >>929250

>>	Anonymous Sat Oct 17 21:18:36 2015 No.929352 >>929250 See the thing about my real wallet is a guy sitting in a basement in russian can't make all the cash instantly vanish.

Anonymous Sun Oct 18 00:19:45 2015 No.929465

>>929170
yeah and I can see myself getting laid by really hot famous people but that doesn't mean there is even a remote chance of it happening

OP nothing is happening its just volatility. volatility goes both ways. bitcoin is dead just check out litecoin. cryptos are stupid as shit and are only good for buying drugs on the internet and seeing as buying drugs on the internet isn't nearly as easy as it was during silkroad 1.0 days they really don't have much of a purpose now do they?

Anonymous Sun Oct 18 07:24:35 2015 No.929632

>>929465

>yeah and I can see myself getting laid by really hot famous people but that doesn't mean there is even a remote chance of it happening

You're ugly, that's why you wont be getting laid. What that has to do with banks adopting bitcoin I'm not sure. If you follow coindesk.com you'll see that banks are investing money in to research and development.

http://www.coindesk.com/?s=banks

>bitcoin is dead

Hahaha, you must be fucking retarded if you think that's anywhere near true.

>only good for buying drugs on the internet

No, I use bitcoin to buy things of Amazon and many other places.

>seeing as buying drugs on the internet isn't nearly as easy as it was during silkroad 1.0 days

You fucking what mate? I remember having to send bank transfer to fucking Japan (mtgox) back in 2012 and wait 5~ days to get my coins. Now I can get them instant at nearly market rate.. Plus the darknet markets have improved a shit load since silkroad, which looking back is laughable how shit it was.

Enjoy missing the revolution you no coin faggot.

Anonymous Sun Oct 18 08:32:38 2015 No.929668

No Ethereum thread so posting here. I made a great profit thanks to selling some of my 10k presale coins at $1.70 but made the stupid decision to hold half of them and now the price is down to 50 cents. Is it dying because lack of interest? Should I dump the rest of what I have (still making a small profit) or hold them for the switch to POS? There's no real risk since I already made my money back, but more would be nice, and I can't tell if this shit is over or undervalued at the moment.

Anonymous Sun Oct 18 09:08:10 2015 No.929674

>>929668

ETH was ridiculously overpriced when it was first listed on Kraken, it was always going to drop like a stone.

I'm waiting for $0.30 - $0.20 to buy in, if I was you I'd sell now and buy back in a few months when the price is lower.

It's a great project, but it's going to be years before it gets any real traction.

>>	Anonymous Sun Oct 18 09:56:46 2015 No.929701 >>928840 insider information said it's going to drop below or around 100$s after it reaches around 350$.

>>	Anonymous Sun Oct 18 10:01:50 2015 No.929702 >>929632 >http://www.coindesk.com/?s=banks That;s because the fucking banks and CIA own bitcoin, what do you think CICADA 3301 was? This shit was made to sip hen out cash from other countries when all other countries fall before the US dollar.

>>	Anonymous Sun Oct 18 10:12:55 2015 No.929711 >>929702 >banks and CIA own bitcoin Take off your tinfoil hat and go suck a dick fam.

>>	Anonymous Sun Oct 18 11:24:22 2015 No.929755 >>929711 Conspiracy forums before 2008 predicted the stock market crash in 2008 and a new currency coming out. Look at all the bank conferences all over the world that are bitcoin block chain related.

>>	Anonymous Mon Oct 19 03:24:32 2015 No.930509 >>929352 > nocoiners actually believe this.

>>	Anonymous Mon Oct 19 07:13:14 2015 No.930596 >>929755 https://www.youtube.com/watch?v=fYD17h6hlCs Milton predicted it in 1999. Your conspiracy forums mean nothing fam.

>>	Anonymous Mon Oct 19 22:06:20 2015 No.931286 >>930596 https://www.youtube.com/watch?v=s0luLPVHkO4 Another goodie.

Anonymous Mon Oct 19 23:45:37 2015 No.931357

>>928840
Think about this: Chinese mainland billionaires and millionaires are dealing with an imploding economy and weakening yuan, this hasn't happened to them before. As the bubble burst and china began devaluing it's currency, there have been outflows to places like macau and hong kong. The most you can legally move from china is $50k but rich people are smart fuckers and figured out how to exceed the limits with ease. Now beijing is trying to prevent further capital flight and china "wants their millionaires back" from places like the US and canada.

In the US, investing 500k gets you a visa and canada/AU have similar schemes. To get the money out, people were using macau casinos, hong kong banks and online services like...BITCOIN. Bitcoin is one of the last and most difficult hurdles for china to stop. It's arguable that once other avenues close, the millionaires will siphon money into america through bitcoin exclusively because of it's anonymous and elusive nature.

>>	Anonymous Wed Oct 21 06:46:38 2015 No.932561 nocoiners on suicide watch

>>	Anonymous Wed Oct 21 07:03:01 2015 No.932565 >>929711 You're seriously deluded if you don't think the government and banks don't own btc.

Anonymous Wed Oct 21 14:28:20 2015 No.932881

>>929668
It's dying because it's a niche joke, millions of $ in funding and look at how shit it is, clearly it needs a few more years of work. I was really enthusiast about it but now it looks more like they only wanted to grab the money and hope people wouldn't say anything.
I was really excited about it a few month back but now..meh

>>	Anonymous Thu Oct 22 08:22:29 2015 No.933571 >>932881 Look up coindesk 2015 Q3 report it's pretty insightful on the state of bitcoin, it's not bad as you think

>>	Anonymous Thu Oct 22 08:54:02 2015 No.933583 So... Wait a few days for it to tank a bit, buy, then repeat?

Anonymous Thu Oct 22 11:10:24 2015 No.933656

>>928844
Anything below 1K per Bitcoin is extremely cheap. Of course you assblasted clueless nocoiners will only see it years from now. Point in case:
>>929080
Idiots like this *can't* be saved, which is why statistically Bitcoin will be very valuable. Only a few non retards will be heavily invested.

Anonymous Thu Oct 22 11:15:13 2015 No.933660

>>929197
You are literally grandpa trying to discredit the internet while not having a fucking idea of what it is.

>why would anyone use this? it's not needed/wanted, we already have radio, why radio on the internet? XD

>this dosent work too slow only nerds use it

>this is only a meme thing for comediants to joke about it will never take off

>TCP/IP is shit it will never scale to global levels

https://www.youtube.com/watch?v=lskpNmUl8yQ [Embed]

>inb4 b-but radio is still around.

Radio is still around, so fucking what. So are fax, vinyl and conventional mail. That doesn't mean those got severly disrupted by new tech.

Bitcoin will not take as long as the internet took to become mainstream. We don't need to build the infraestructure, it's already there. For the internet we needed to put actual physical cable, develop better modems etc. With this, all we need is keep perfecting the protocol and the software. Give it 5 years, see where we are at, then give it another 5. That's fucking nothing considering you'll be able to retire with 21 BTC.
Services such as Xapo will provide for the idiots that choose to not deal with real money and need someone else to save it for them.
Everything is being considered and everything that we have now will be outdated in a post-Bitcoin environment, objectively speaking.

I love being surrounded by short sighted morons.

>>	Anonymous Thu Oct 22 11:17:39 2015 No.933665 >>929755 Are you guys fucking kidding me. You know what open source is? Jesus, fucking /biz/.

Anonymous Thu Oct 22 11:26:24 2015 No.933671

>>929668
There is some people out there claiming that sidechains may engulf ETH to the point it's not needed, or ETH network will change to BTC because it's ultimately pointless to not benefit from the biggest network on the planet (Which is the Bitcoin blockchain).

>>933583
Until it stops correcting and the uptrend doesn't go down. Then you commit suicide.

>>	Anonymous Thu Oct 22 11:47:50 2015 No.933679 >>928840 What are you using to get that chart?

>>	Anonymous Thu Oct 22 11:59:27 2015 No.933687 >>933656 Then it won't have any value at all fuckface. If not a lot of people are using it, it's not going to have much worth is it?

Anonymous Thu Oct 22 14:23:49 2015 No.933808

>>933687

>Only a few non retards will be heavily invested.

I meant there will be an elite of holders, visionaries that will get rewarded by history with wealth, real wealth throught risk/reward, not magic fiat money.
This doesn't mean no one is using it dumbo, it just means it's not evenly distributed.

Only a few people are heavily invested in fiat (in the context of only a few people own most of the money supply) yet every fucking one uses it.

Uneven distribution doesn't mean few people use it, specially Bitcoin which can be divided as much as it's needed to function.

>>	Anonymous Thu Oct 22 15:17:11 2015 No.933840 >>933808 I understand what your saying. Bitcoin might not be the crypto that becomes the standard too though, an alt coin could arise that for whatever reason attracts more people. That said I do believe cryptos are the future of money.

>>	Anonymous Thu Oct 22 18:44:24 2015 No.934027 >>933679 bitcoinwisdom You're welcome

Anonymous Fri Oct 23 09:14:26 2015 No.934604

>>928844

Still have plenty of time to catch it. Its just that the market cap still is small so able to be manipulated. Very possible to be back at $250 a coin tomorrow or even shortly drop to $240. Expect a sell off at $280 or $290 because people will want to sell just before it hits a solid $300

Anonymous Fri Oct 23 09:58:10 2015 No.934627
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>>933840
>alt coins
Alt coins are a joke, it has been tested time and time again. It's about being good enough, not perfect. Bitcoin is good enough.

Btw, we already won:

http://www.bloomberg.com/news/articles/2015-10-22/bitcoin-virtual-currency-exchange-is-tax-free-eu-court-says-ig21wzcd

Enjoy being poor no-coin faggots.

>>	Terrorblade !!UK1+OwQ87o/ Fri Oct 23 10:05:09 2015 No.934632 >>934627 HOLY SHIIIIIIIIIITTTTT WHAAAAAT

>>	Anonymous Fri Oct 23 10:44:56 2015 No.934653 wasn't there some bullshit about the blockchain being too small, and being unusable due to bandwidth if it got increased? some anon on here was talking about it, basically said buttcoins can't scale.

Anonymous Fri Oct 23 10:51:47 2015 No.934658

>>934653
Yeah I think sidechains like the lightning network are meant to fix that. Pretty much everything is being built around bitcoin and it looks like bitcoin will be here to stay. Personally I think Monero or ZeroCash would be better suited to being money and I believe that there could be at least a niche role for them. All other alts are shit scam coins and will die.

>>	Anonymous Fri Oct 23 11:11:05 2015 No.934686 >>934632 VAT free not untaxable for income.

>>	Anonymous Fri Oct 23 11:28:56 2015 No.934705 >>>934653 Implying bitcoiners pay taxes heh

>>	Anonymous Fri Oct 23 15:40:26 2015 No.934940 Where's the clown with the "5 reasons not to buy into bitcoin hype" who had bitcoin just in case it was the future. Muhammad can you explain to me why muslims hate bitcoin?

>>	Anonymous Fri Oct 23 16:39:31 2015 No.934983 File: 1.89 MB, 4001x2692, 1392407280858.jpg [View same] [iqdb] [saucenao] [google] >>929701 source?

>>	Anonymous Fri Oct 23 20:54:33 2015 No.935257 >>934983 His ass.

>>	Anonymous Fri Oct 23 20:58:47 2015 No.935262 >>934653 nah dude people will still mine even when no more new coins are made by then the price will either have crashed or gone to the moon transaction fees will cover it

>>	Anonymous Sat Oct 24 00:39:29 2015 No.935458 >>934983 the bitcoin CEO told him

>>	Anonymous Sat Oct 24 00:43:58 2015 No.935460 >>933656 Ur a fuckin bitcoin shill dawg stfu anything over 30 bucks a coin is overvalued af

Anonymous Sat Oct 24 05:47:01 2015 No.935644
File: 86 KB, 1916x806, MoS3.jpg [View same] [iqdb] [saucenao] [google]

>3TPS
>dust attacks
>malleability attacks
>no protections for end users
>terrible energy efficiency
>absurdly long confirmation times
>zero practical utility for 95% of people

you guys are just pumping for the next greater fool right?

right?

>>	Anonymous Sat Oct 24 05:50:34 2015 No.935645 >>935644 Sure, but you have to be a fool to not hold 1 btc, just in case.

>>	Anonymous Sat Oct 24 05:52:30 2015 No.935647 >>935645 i have a bridge to sell you. better buy one just in case

>>	Anonymous Sat Oct 24 05:53:55 2015 No.935648 I have 10 BTC. Am I going to make it?

>>	Anonymous Sat Oct 24 11:20:42 2015 No.935785 >>935648 In 10 years, yes, granted, but to lock and load it, get yourself a 21 BTC stack. Then it's just wait and enjoy the ride. At the end of the ride, we'll share screencaps of nocoiners and we'll count their suicides.

Anonymous Sat Oct 24 11:32:06 2015 No.935796

>>935644
Nice buzzwords that are out of context/not true/already being addressed.
>3TPS
Will scale up to global levels once Lightning Network is deployed.
>dust attacks
Same, being addressed
>malleability attacks
Same, being addressed.
You clearly haven't studied all the up and coming BIPs. You are also mentally retarded to judge software at 0.11 beta version (which has already shaken the world, let alone when sidechains get deployed, then find the nearest rope if you aren't in) instead of seeing what's in the works and having tunnel vision.

>terrible energy efficiency
Wrong as fuck. How much energy do Visa, Mastercard, Banks etc, waste to keep their services running? Do the math.

>absurdly long confirmation times
Not a fucking problem. I don't see people complaining that credit card transactions take 180 days to confirm.
A Bitcoin transaction never disappears. You never lose the money. If you want a faster transaction, send a higher fee and it will be a matter of minutes (the fee will be a ton of times cheaper than the average Western Union scam)
>zero practical utility for 95% of people
You don't understand the technology. To begin with, the actual coins don't even need to reach that much of an usage within the average idiot, it's the disruption in the infraestructures that will make the average joe use Bitcoin when they aren't even realizing they are using it (just like no one knows they are using TCP/IP unless you are a computer geek). Nonetheless, there will be a big market of people that don't want to leave their money inside banks anymore (or a part of it).
There will be an insane amount of new ideas throught sidechains.

You will go down in history as idiots of this caliber:

>I think there is a world market for maybe five computers'

>Thomas Watson, president of IBM, 1943.

Of course you will not tho. You will just be another assblasted anonymous boat misser.

Nicely coped tho.

Anonymous Sat Oct 24 12:47:01 2015 No.935842

>>935796
>Will scale up to global levels once Lightning Network is deployed.
so the key to using bitcoin is to not use bitcoin.

You are also mentally retarded to judge software at 0.11 beta version (which has already shaken the world, let alone when sidechains get deployed
L.O.L. "trust me, it will get better". why should i believe that? why should i believe that consensus will EVER be achieved to fix the meaningful issues in the protocol?

>How much energy do Visa, Mastercard, Banks etc, waste to keep their services running? Do the math.
those institutions do several orders of magnitude of transacting per unit of energy than bitcoin. each.

>I don't see people complaining that credit card transactions take 180 days to confirm.
because credit card companies vouch for you. bitcoin is supposed to be trustless, remember? CC's can transact within seconds with sufficiently reliable assurances that the exchange will be made. with bitcoin, settlement IS the only trustworthy assurance.

> If you want a faster transaction, send a higher fee and it will be a matter of minutes (the fee will be a ton of times cheaper than the average Western Union scam)
just what i want, to stand in the drive thru waiting for them to hand my food over for and extra ten minutes. oh, and by the way, bitcoin isn't cheaper than WU for remittances http://www.coinfox.info/news/3466-bitcoin-does-not-make-remittances-any-cheaper-say-industry-leaders

>it's the disruption in the infraestructures that will make the average joe use Bitcoin when they aren't even realizing they are using it
list of infrastructures disrupted by bitcoin:

>You will go down in history as idiots of this caliber:

right on schedule with this line of bullshit. guess what? not every technology is destined to explode like computers or like the internet. this is more typical pumper bullshit, trying to convince people that right now is analogous to the internet in 1994. give it a fucking rest, dude.

>>	berryfarmer Sat Oct 24 13:09:41 2015 No.935859 The OBV (On Balance Volume) at OKCoin and Huobi is spiking a la September 2013 at BTCChina.

Anonymous Sat Oct 24 15:27:14 2015 No.935971

>>935842

Wow.

You couldn't have missed the point of bitcoin any harder m8.

Bitcoin is used for online transactions. It doesn't make sense to use in a fukin drivethrough. Who the fuck uses drive throughs anyway?

>so the key to using bitcoin is to not use bitcoin.
It's a side chain

>L.O.L. "trust me, it will get better". why should i believe that?
It has been improving and changing over the last 5 years and will probably continue to do so.

>those institutions do several orders of magnitude of transacting per unit of energy than bitcoin. each.
They hire sky scrapers full of people and still have billions of dollars in fraud every year.

>credit card companies vouch for you.
This makes them susceptible to fraud.

>list of infrastructures disrupted by bitcoin:
Transacting financially online.

Anonymous Sat Oct 24 15:40:39 2015 No.935985

>>935971
There's no reason you can't use bitcoin in a drive through. The network only takes a few seconds to recognize a new transaction.

A confirmation takes 10 minutes but that only deals with the double spend problem. On a $5 burger purchase, the money saved on CC fees would outweigh the losses faced by double spending.

>>	Anonymous Sat Oct 24 15:44:33 2015 No.935989 >Bitcoin becomes tax free in the EU >price goes up a bit Must be fucking magic. All your arguments how good or bad Bitcoin is dont mean shit either way, the question is what the average plebian thinks.

Anonymous Sat Oct 24 17:27:52 2015 No.936077
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>>935971
>Bitcoin is used for online transactions. It doesn't make sense to use in a fukin drivethrough. Who the fuck uses drive throughs anyway?
why would any person convert to a completely new currency just to shop online? i mean apart from buying kiddie porn or meth. seriously, the first sentence of your post should tell you exactly why it is fucking doomed.

>It's a side chain
a side chain is... not bitcoin

>It has been improving and changing over the last 5 years and will probably continue to do so.
you ignored the coordination and consensus problem i pointed out, but i didn't forget it. ffs they cant even reach a resolution on the block size. whats going to happen when even more significant issues come up?

>They hire sky scrapers full of people and still have billions of dollars in fraud every year.
and yet, the cost per transaction is still orders of magnitude less than that for bitcoin, and the only certainty of bitcoin is that it will get worse in this regard with time.

>This makes them susceptible to fraud.
they also have fraud prevention, detection, and investigation capabilities to mitigate the effect to the end user.

>Transacting financially online.
oh yeah, for all 12 websites that still accept it as a currency. real big disruption.

the worst part is, literally none of your defenses explain why Bitcoin is destined to be the winner and not another crypto currency. and please dont try to hand wave with some weak network effect argument.

Anonymous Sat Oct 24 19:34:20 2015 No.936162

>>936077
>why would any person convert to a completely new currency just to shop online?
Convenience

>a side chain is... not bitcoin
u wot m8?

>you ignored the coordination and consensus problem i pointed out
Open source. Another crypto may become facebook to bitcoins myspace. Where's the issue?

> fraud prevention, detection, and investigation capabilities to mitigate the effect to the end user
Implying this isn't a major source of fraud to begin with.

>for all 12 websites that still accept it as a currency
Peer2Peer brah.

>Bitcoin is destined to be the winner and not another crypto currency
You're right cryptos are here to stay.

Anonymous Sat Oct 24 20:22:50 2015 No.936196

>>936077
>>They hire sky scrapers full of people and still have billions of dollars in fraud every year.
>and yet, the cost per transaction is still orders of magnitude less than that for bitcoin, and the only certainty of bitcoin is that it will get worse in this regard with time.

That's not true.

In electricity? Sure. But the overall cost of a CC transaction is still much larger, mostly due to:

>they also have fraud prevention, detection, and investigation capabilities to mitigate the effect to the end user.

CC companies could not sustain themselves on 0.05/transaction like the bitcoin network.

Anonymous Sat Oct 24 20:49:26 2015 No.936216

>>936162
>Convenience
adopting a new currency for one type of commerce when the one you use for everything else works for that kind of commerce already is not convenient.

>Open source. Another crypto may become facebook to bitcoins myspace. Where's the issue?
open source doesn't solve the coordination problem of getting people to a consensus. an the issue would be that investing in bitcoin would then be fucking retarded.

>Peer2Peer brah.
so, what good is a currency that is only traded among people like baseball cards if it can't be used in exchange for goods and services because the people with the goods and services don't transact in it?

>You're right cryptos are here to stay.
not a good reason to invest in bitcoin

Anonymous Sat Oct 24 21:07:26 2015 No.936227

>>936216
>adopting a new currency for one type of commerce when the one you use for everything else works for that kind of commerce already is not convenient.
Right, everyone on the planet uses the same currency.

>open source doesn't solve the coordination problem of getting people to a consensus. an the issue would be that investing in bitcoin would then be fucking retarded.

Do you know what open source means? This issue is circumvented when thousands of altcoins fill specific niches.

>so, what good is a currency that is only traded among people like baseball cards if it can't be used in exchange for goods and services because the people with the goods and services don't transact in it?
Word salad much? Anything traded amongst people is useful and it is primarily for goods and services you sperglord.

>not a good reason to invest in bitcoin
It's called hedging your bets m8o.

Anonymous Sat Oct 24 21:15:13 2015 No.936234

>>936227
>Right, everyone on the planet uses the same currency.
every major currency has infrastructure such that it can transact online without the use of cryptocurrency.

>Do you know what open source means? This issue is circumvented when thousands of altcoins fill specific niches.
so whenever there is a protocol issue with one coin, i need to move my wealth to 12 other coins? oh boy that sure sounds convenient. mass adoption must be weeks away.

>Word salad much? Anything traded amongst people is useful and it is primarily for goods and services you sperglord.
virtually no business accepts it, and the ones that do are set to immediately dump it for real money.

>It's called hedging your bets m8o.
diversification in shit assets is still a shit idea buddy.

Anonymous Sat Oct 24 21:50:14 2015 No.936253

>>936234

>every major currency has infrastructure such that it can transact online without the use of cryptocurrency.
So? it's not convenient.

>so whenever there is a protocol issue with one coin
No, it means the one which is good enough will prevail.

>virtually no business accepts it
peer2peer, gambling, digital goods, ingame items and there are literally hundreds of examples where crypto is superior to fiat.

>diversification in shit assets is still a shit idea buddy.
Lol, suicide watch much?

>>	Anonymous Sat Oct 24 22:09:09 2015 No.936276 hey guyz, what do you think about ripple?

Anonymous Sat Oct 24 22:26:37 2015 No.936288

>>936253
how is cryoto more convenient? we can buy shit on amazon with 1 click, how can you get more convenient than that?

all bitcoin adds is the need to exchange between fiat and bitcoin, oh and if the price tanks while you've got your coins, bad luck. it's far less convenient.

>>	Anonymous Sat Oct 24 22:28:12 2015 No.936289 >>936276 >altcoins of any kind HAHAHAHAHAHAHAHAHAHA

>>	Anonymous Sat Oct 24 22:34:44 2015 No.936296 >>936289 insightful comment m8 ripple seems like the only real contender to buttcoin. tens of millions in funding, works closely with major banks and has a pretty strong team that's getting paid whereas buttcoin is all open source contribution

>>	Anonymous Sat Oct 24 22:51:32 2015 No.936315 File: 3.03 MB, 359x202, laugh.gif [View same] [iqdb] [saucenao] [google] >shaky no-coiners on suicide watch

Anonymous Sat Oct 24 23:08:18 2015 No.936328

>>936288

>buy things one click with fiat
No you can't you lying sack of shit.

You need a bank account which means government issue ID and fucking around all day, you then need a credit card which is literally 1960's tech. After which you must create a payjew account and link all that shit to your amazon. All your purchases are on record and subject to terms and conditions which can cause your accounts to be frozen. Governments can access your bank account and apply restrictions; cypress anyone?

Bitcoin is far more convenient and superior.

Anonymous Sat Oct 24 23:15:43 2015 No.936332

>>936328
how am i going to get bitcoins without a bank account? am i supposed to suck cock for 1 btc?

also my amazon doesn't go through paypal. but whatever. everyone already has a bank account. how will your employer pay you if you don't have one? getting a CC is literally 15 mins work with online banking.

it's not more convenient. more private, maybe, but even than isn't for certain.

>>	Anonymous Sat Oct 24 23:18:12 2015 No.936334 >>936328 >gobment cant get muh bitcoins Man you are a idiot, thay can track that shit as easy as a credit card.

Anonymous Sat Oct 24 23:23:16 2015 No.936336

>>930596
>>929755
No but seriously these speculations made people a lot of money.

I was of no concern to conspiracy theories but if you trace it well enough you notice the patterns when you follow the money.

People get a kick out of conspiracy just for the sake of conspiracy but the secret is to make profit out of it.

>>	Anonymous Sat Oct 24 23:24:24 2015 No.936338 >>931357 durrrr

>>	Anonymous Sat Oct 24 23:37:16 2015 No.936344 >>936332 Local bitcoins Meet in person buy with cash. Done. >>936334 >Man you are a(n) idiot, (they) can track that shit as easy as a credit card Sure buddy. What are coin mixers? What are creating addresses for each transaction?

Anonymous Sat Oct 24 23:48:08 2015 No.936347

>>936344
>Local bitcoins
>Meet in person buy with cash. Done

what, like find some dodgy guy on craigslist? real convenient. what if you live in a small town?

all the shit you said about bank accounts/CCs i can do from home. MAYBE one visit to a local branch to verify id, who knows, i haven't opened one up in years. how the fuck is trying to find some turd that wants to sell btc (in person, no less) more convenient? what a load of shit.

and whats to stop him ripping me off? say i give him the money but he walks away and doesn't send the btc? or he sends me less than agreed? what's my recourse?

bitcoin may become useful in the future, but there sure as fuck isn't anything convenient about it the way you're describing it.

Anonymous Sun Oct 25 00:14:32 2015 No.936365

>>936347
Quickbt.com

If you have online banking this is the most convenient since you purchase bitcoin with interac online.

Bitcoin is best for peer2 peer transactions. Gambling, digital goods and services. This is the future.

You can literally play video games and sell shit for bitcoin. Buying them isn't the only way to acquire a decent stack.

Anonymous Sun Oct 25 00:22:36 2015 No.936374

>>936365
>Quickbt.com

>With Interac Online service you can pay for goods & services over the Internet. It's immediate & secure, allowing you to use funds directly from your bank account.

so were back to needing a bank account, which was the crux of your 'convenience' argument against amazons 1 click?

fucking kek

>>936365
>Bitcoin is best for peer2 peer transactions. Gambling, digital goods and services. This is the future.

it has potential. the future? ehhh that remains to be seen.

Anonymous Sun Oct 25 00:42:15 2015 No.936381

>>928844
You are definitely a couple weeks late. When bitcoin is going sideways, the big guys are accumulating coin. It starts to get real demand and trend. We are at the top of the trend. People like you will buy in and then get raped by HFT algorithms and other buyers that just want out. However, the volume we are seeing now hasn't peaked out yet, so there is still time. We have no clue how high this will go! The price is very cheap historically.

Anonymous Sun Oct 25 01:14:38 2015 No.936406

>>936365
>literally play video games and sell shit for bitcoin

I've heard this many times but don't know what it means.
Are you supposed to spend all day "farming" on a MMORPG then sell a day's work to someone for two cents? I don't see a way to profit.

>>	Anonymous Sun Oct 25 01:36:49 2015 No.936428 >>935785 What do you believe 20 btc will transfer into in 10 years

>>	Anonymous Sun Oct 25 06:30:47 2015 No.936534 File: 1023 KB, 350x230, 2557.gif [View same] [iqdb] [saucenao] [google] >>936344 >bitcoin is more convenient, just look at this 15 step process to shop online with only a 20% chance you'll get mugged at knifepoint

>>	Anonymous Sun Oct 25 07:50:03 2015 No.936554 File: 92 KB, 1058x904, gE8hDnY.jpg [View same] [iqdb] [saucenao] [google] >>936428

>>	Anonymous Sun Oct 25 09:06:02 2015 No.936590 >>936406 One way I know of is to use bots on runescape and sell high demand items for gold and then sell that/

>>	Anonymous Sun Oct 25 09:18:22 2015 No.936602 >>936381 I bought in last Wednesday. The price still keeps going up, should I sell soon and take the smallish profit?

Anonymous Sun Oct 25 10:43:37 2015 No.936637

>>936332
I've made over 10 BTC this year working as a freelance coder on my spare time. Right now, that's around 3000 USD that the goverment will never know about unless I want to, because they have never been attached to my real name, I haven't obtained them by buying them delivering my credentials and so on. They simply don't exist for the goverment. This is the first time in history ever where you can be your own bank outside the system. I could directly buy anything I wanted with it, no one would ever fucking know. It will only get better once confidential transactions, Joinmarket etc are all working and dumbed down so even average Joes can benefit from it.
This alone is an insane game changer and it can be done now. In 10 years I can't imagine where we'll be at. *This IS a revolution*.

If you have no skills but have fiat, you can buy Bitcoins locally at Localbitcoins, meet with someone IRL and buy Bitcoins from them.
The best way to get Bitcoins is still the same you get fiat, fucking working for it.

Anonymous Sun Oct 25 10:47:41 2015 No.936641
File: 46 KB, 813x603, bitcoin inflation rate.png [View same] [iqdb] [saucenao] [google]

>>936428
There's no way to know. Take into account that the (unpayable) debt of the US is approaching 20 trillion. We only need a tiny % of that money to flow into the Bitcoin ecosystem to drive the price to 100K-250K per Bitcoin. Consider the decrease in inflation as well as more halvings happen. By 2025 we should start seeing some serious suicide watch shit on no-coiners part.

>>	Anonymous Sun Oct 25 10:53:23 2015 No.936643 >>936602 Yes you should sell now and buy some beers. Save some to call suicide line once all of your day trading efforts get rendered useless once you get caught out once a real bubble beggins.

>>	Anonymous Sun Oct 25 11:13:47 2015 No.936659 >>936643 Well it was more sell now before the inevitable sell off comes dropping the price and then buy more. But thanks for the advice bro!

>>	Anonymous Sun Oct 25 13:26:45 2015 No.936800 >>936347 So now your argument against bitcoin is that you're too stupid to think for yourself ?

>>	Anonymous Sun Oct 25 14:46:07 2015 No.936880 >>936637 >This is the first time in history ever where you can be your own bank outside the system. no, it isn't.

>>	Anonymous Sun Oct 25 16:01:06 2015 No.936972 DO NOT BUY BITCOIN THIS MONTH THEYRE WILL DECREASE AND BALLOON UP THE MONTH AFTER I WARNED YOU

>>	Anonymous Sun Oct 25 16:34:43 2015 No.936997 >>936972 thanks man now can you tell me the lottery numbers for this tuesday's EuroMillions?

>>	Anonymous Sun Oct 25 16:37:13 2015 No.936999 >>936997 696969

>>	Anonymous Sun Oct 25 17:26:47 2015 No.937052 >>936374 No. Earn them without bank account.

>>	Anonymous Sun Oct 25 18:33:56 2015 No.937112 https://www.youtube.com/watch?v=K2ku1A5Ox8U&list=RDK2ku1A5Ox8U

>>	Anonymous Sun Oct 25 18:44:39 2015 No.937124 File: 850 KB, 1224x1632, IMG_4369 copy.jpg [View same] [iqdb] [saucenao] [google] >>935460 the big mining guys it costs like 170 dollars to mine 1 coin plus time and also the investment of hardware, housing and staff.

>>	Anonymous Mon Oct 26 12:54:11 2015 No.937673 >>936880 Except yes.

>>	Anonymous Tue Oct 27 13:06:42 2015 No.938733 >>936554 Should be "when that day comes...you won't have to".

>>	Anonymous Tue Oct 27 17:18:40 2015 No.938997 >>937673 in what ways does holding bitcoin make the end user their own bank?

>>	Anonymous Tue Oct 27 17:46:42 2015 No.939031 >>938997 Derp. >Implying that just holding bitcoin is what makes it revolutionary.

>>	Anonymous Tue Oct 27 19:28:06 2015 No.939112 >>938733 meh the image is closer to the original quote, plus "when you're ready" points out the fact that freedom requires action

>>	Anonymous Tue Oct 27 19:40:02 2015 No.939120 >way of the future >a coin that has no value >not tangable >value changes month buy month >main purpose is to buy drugs Thinking Normie's will ever use this to pay for their grocieres etc is ridiculous

>>	Anonymous Tue Oct 27 19:51:21 2015 No.939130 >>939120 You don't really see normies in the gold and silver market either though, honestly. Even without mass adoption, I think it will be around another few years or so without too much off a loss in value.

>>	Anonymous Tue Oct 27 20:21:23 2015 No.939146 >>939120 >a coin that has no value Yeah but those funny green paper notes with dead presidents on them do :^) How is /biz/ this stupid?

Anonymous Tue Oct 27 20:26:13 2015 No.939149

>>934940
It's because during the times he was posting bitcoin dropped to 150$ to 200$s so he was a fudder.

When you see people circle jerking like this thread it means it's time to sell.

Normally how stocks works is you do the opposite of what information or mindset comes out.

>>	Anonymous Tue Oct 27 20:31:12 2015 No.939152 >>936641 No doubt tho people will commit suicide

>>	Anonymous Tue Oct 27 20:34:10 2015 No.939153 >>939120 all the faggots use phones all the time. Look at it this way, you can put a changetip to instantly donate BTC to programs for those apps on the phones to siphon out more money.

>>	Anonymous Tue Oct 27 22:06:58 2015 No.939235 15 coins here. Here comes my "fuck you" money. I'm gonna be on my yacht bangin' a couple of dimes before the end of next year.

>>	Anonymous Tue Oct 27 22:34:42 2015 No.939264 File: 915 KB, 500x200, gatsby.gif [View same] [iqdb] [saucenao] [google] >>939235 2 figure BTC masterrace chekin in. We need to get on the 21 BTC million people club before it's mission impossible.

>>	Anonymous Tue Oct 27 22:41:12 2015 No.939277 File: 53 KB, 556x333, 300.jpg [View same] [iqdb] [saucenao] [google] It's happening!

>>	Anonymous Tue Oct 27 22:43:33 2015 No.939285 $303 and ticking up steadily. Get in now fellas.

>>	Anonymous Tue Oct 27 22:46:21 2015 No.939292 File: 1.20 MB, 2826x1384, tb-303.jpg [View same] [iqdb] [saucenao] [google] https://www.youtube.com/watch?v=CxSHy3lWQbQ WOOHOOOOOOO BITCHESS

>>	Anonymous Wed Oct 28 02:26:28 2015 No.939593 >>939277 Looks like a double top tbh

>>	Anonymous Wed Oct 28 16:35:13 2015 No.940241 >>939593 Look at the volume.

Anonymous Wed Oct 28 17:27:56 2015 No.940302

>>933660

>We don't need to build the infraestructure, it's already there

It's there now. But in 50 years when internet censorship starts being a big thing services like bitcoin will suffer greatly. Things like data caps or straight up throttling overseas traffic would fuck with bitcoin's ability to even exist.

>I love being surrounded by short sighted morons.

It took about 20 years for the Internet to grow to where it is now. Bitcoin was created in 2009, and still isn't mainstream. It's got 15 years left to beat the standard you've created and all indicators point to bitcoin remaining a mostly niche thing that potheads use to buy drugs.

Anonymous Wed Oct 28 18:52:15 2015 No.940395

>>940302
>being this fucking out of the loop
Literally grandpa tier. In 50 years stuff like Maidsafe + Meshnets + private space nodes will deliver internet and access to Bitcoin + anonymous internet worldwide. This Is Unstopable. Stop the cope and go study.

>>	Anonymous Wed Oct 28 20:55:25 2015 No.940503 >>940302 There will be more than one internet. You won't be able to stop the exchange of information through the air unless you build a huge disruption infrastructure all the way around your nation.

>>	Anonymous Thu Oct 29 01:33:52 2015 No.940753 >>939264 are you serious about that? I've seen lots of whales with over 100. I only have close to 2.5 BTC tho

Anonymous Thu Oct 29 02:25:54 2015 No.940797

>>940395

>meshnets
>a viable strategy

ISPs will still own the trunk lines. That's going to be a problem

>>940503

>You won't be able to stop the exchange of information through the air unless you build a huge disruption infrastructure all the way around your nation.

that's exactly what's going to happen, China already does it and Russia is looking to do it. The former only tolerates bitcoin now because it doesn't cause a problem, it's not "disruptive". The moment it is, is when they shut it down.

The era of the free and wild Internet is coming to a close. Satellite internet requires a radio connection, which means playing grabass with the FCC.

>>	Anonymous Thu Oct 29 09:16:49 2015 No.941031 File: 92 KB, 1660x687, spotthepanicsellingidiots.png [View same] [iqdb] [saucenao] [google] Cmon nocoiner cope it hard.

>>	Anonymous Thu Oct 29 09:20:59 2015 No.941035 File: 185 KB, 1801x500, bitcoindoesntgiveafuckaboutputin.jpg [View same] [iqdb] [saucenao] [google] >>940797 >muh guvermints stopping unstoppable technology Meanwhile in russia. >pic related Cucks, when will they learn?

>>	Anonymous Thu Oct 29 16:25:11 2015 No.941474 I remember back in 2011-2013, Anyone know what happened to proudhon? Was he just a bull in troll disguise?

>>	Anonymous Thu Oct 29 16:32:20 2015 No.941480 >>928840 314 boys no coiners on suicide watch

>>	Anonymous Thu Oct 29 16:34:54 2015 No.941487 How many coins are lost forever? I don't mean confiscated by the government, but mined by /b/tards and forgotten about/thrown away.

>>	Anonymous Thu Oct 29 16:46:20 2015 No.941502 >>941487 millions

>>	Anonymous Thu Oct 29 16:48:39 2015 No.941509 File: 195 KB, 395x450, this_doge.jpg [View same] [iqdb] [saucenao] [google] >>941502 Billions of Dogecoin. I estimate like 30% of all Dogecoin are lost forever.

>>	Anonymous Thu Oct 29 16:54:39 2015 No.941516 >>941509 I have 150K doge in a wallet that refuses to sync on my old computer but that's not even $20. I doubt I'll be able to even get them out of there either but I don't really think it matters.

>>	Anonymous Thu Oct 29 17:03:56 2015 No.941523 File: 126 KB, 1915x951, E2ph4jN.jpg [View same] [iqdb] [saucenao] [google] >>941474 anyone else catch that ltc wick?

>>	Anonymous Thu Oct 29 19:06:03 2015 No.941649 If I live in Canada, can I still use any wallet? Do you guys state your Bitcoin gains in your taxes? Canada I think is mandatory after $10,000 but I'm curious if anyone really does it?

>>	Anonymous Thu Oct 29 19:11:13 2015 No.941655 >>941523 holy shit what did some noob just do a massive market buy without checking the volume?

>>	Anonymous Thu Oct 29 19:12:59 2015 No.941659 >>941649 nah man Canada is legit and has no regulations on bitcoin unless you operate an exchange.

>>	Anonymous Thu Oct 29 19:14:25 2015 No.941661 >>941655 nah, china have declared war on fiat

Anonymous Thu Oct 29 19:20:31 2015 No.941667

>>941659
Well if it's not, I think it will be, read some CRA shit back in April/July.

Anyway, I've never bought before, looking at the chart it looks like it could go up further but I feel jumping on the hype train is risky.

I feel like getting just one because I'm a nervous Nelly.

>>	Anonymous Fri Oct 30 07:05:28 2015 No.942289 File: 798 KB, 1600x1071, 1392406776656.jpg [View same] [iqdb] [saucenao] [google] >>941474 he was just bitter he sold early like most early adopters

>>	Anonymous Fri Oct 30 07:10:24 2015 No.942292 >>942289 yup... I sold around 500 bitcoins sub $10, it honestly makes me still lose sleep at night. If bitcoin ever does power over $1k again I'm going to be a ruin

>>	Anonymous Fri Oct 30 07:21:33 2015 No.942301 >>942292 I had around 200$ in BTC when it was something like $0.15/BTC. I spent them on coke lol. Most expensive blow of my life. But either way it doesn't keep me up at night, just like not buying last week's winning lottery ticket doesn't keep me up

>>	Anonymous Fri Oct 30 07:29:53 2015 No.942308 >>942301 Yeah, you're right. It just hurts to know I will never have those 500 bitcoins again.. Now I'm sitting on less than 1/10th of that

>>	Anonymous Fri Oct 30 07:42:23 2015 No.942310 >>942308 bro I spent over a thousand BTC back then. At some point not even that much later it would have been worth over a million dollars. But I don't really care about it. It's just a story now.

Anonymous Fri Oct 30 14:33:40 2015 No.942729
File: 123 KB, 575x757, mainstream.jpg [View same] [iqdb] [saucenao] [google]

>>941487
>Literally millions of coins lost forever.
>Only 21 million coins to ever exist.
>Controlled supply.
>93.750% mined by 2024
>No problem of lack of liquidity since its highly divisible (entire economy could run under 1 BTC alone)
>Sidechains incoming
>Programable open source money that will just keep getting improved constantly
>Mainstream plebs slowly catching up
>7.3 billion people on the planet
>20 trillion of fiat debt on americuck dollar alone
Do the fucking math.

Anonymous Fri Oct 30 14:36:31 2015 No.942732

>>942292
>If bitcoin ever does power over $1k again I'm going to be a ruin
>Still considering a posibility that it will go over 1k instead of a fact
>Still not seeing how BTC's natural price at mainstream adoption is around 6 figures per coin
Suicide watch VIP.

>>	Anonymous Fri Oct 30 15:01:30 2015 No.942745 I bought 1 Bitcoin at $296. It's more for fun then anything else (I have over $260k in real investments, not shitcoin). Let us see where it goes.

>>	Anonymous Fri Oct 30 15:11:39 2015 No.942750 >>942732 >shillcoiners actually believe this.

>>	Anonymous Fri Oct 30 15:45:56 2015 No.942787 >>942750 Next level nocoiner cope.

>>	Anonymous Fri Oct 30 15:47:14 2015 No.942791 >>942745 >muh stocks r serious n cryptos r 4 babbies Typical grandpa tier mentality. You have no fucking clue whatsoever. Consider suicide.

>>	Anonymous Fri Oct 30 16:04:09 2015 No.942811 who has the most buttcoins on this board? I only have 25 :3

>>	Anonymous Fri Oct 30 16:43:28 2015 No.942853 >>942732 lol you're taking it slightly too far with 6 figures I do believe it's going up though and have been holding on a couple of BTC since the start of the year.

>>	Anonymous Fri Oct 30 16:49:11 2015 No.942862 >>942811 I have just shy of 5

>>	Anonymous Fri Oct 30 16:50:25 2015 No.942865 File: 115 KB, 878x680, Capture.png [View same] [iqdb] [saucenao] [google] My technical analysis shows strong correlation between douchebaggery and the cost of bitcoins

>>	Anonymous Fri Oct 30 16:58:57 2015 No.942883 >>942791 Have fun being a cuck.

>>	Anonymous Fri Oct 30 17:20:08 2015 No.942893 >>936637 So where do u actually get btc jobs? How do you build a track record of good work delivered? Genuinely interested, I've been thinking of putting a few % of my freelance income in btc but this sounds like much more fun.

>>	Anonymous Fri Oct 30 21:14:32 2015 No.943151 File: 37 KB, 1558x311, average nocoiner denial.png [View same] [iqdb] [saucenao] [google] >>942883 rofl

>>	Anonymous Fri Oct 30 21:39:47 2015 No.943174 File: 56 KB, 2029x318, image.jpg [View same] [iqdb] [saucenao] [google] >Bought at $235 >Made thousands in less than a week >No sign of this train stopping >Sippin' tea while reading butthurt nocoiners comments Life's good.

>>	Anonymous Sat Oct 31 14:07:36 2015 No.943700 I'm looking to buy some BTC to invest in sites like btcbusiness.biz , is it profitable or is it just a scam and I'll never get my money back?

>>	Anonymous Sat Oct 31 14:20:58 2015 No.943714 >>943174 Last november (11) it reached 390 I think, and started dropping.

>>	Anonymous Sat Oct 31 15:07:53 2015 No.943749 >>943700 ur foked m8, sell everything now before single digits

>>	Anonymous Sat Oct 31 15:52:31 2015 No.943792 File: 497 KB, 245x200, losing it again.gif [View same] [iqdb] [saucenao] [google] >>943749 >single digits

>>	Anonymous Sat Oct 31 21:55:59 2015 No.944092 >>943174 309 now, grab yer butt! Cash out or weep.

>>	Anonymous Sat Oct 31 22:58:33 2015 No.944127 the pump is over, do not buy in at this point, you'll be losing heavy capital

>>	Anonymous Sat Oct 31 23:04:57 2015 No.944135 File: 108 KB, 1680x692, buyordeath.png [View same] [iqdb] [saucenao] [google] >>944092 >309 nah bru

>>	Anonymous Sat Oct 31 23:53:04 2015 No.944159 >>944135 305? Cheap coinz.

>>	Anonymous Sun Nov 1 07:41:50 2015 No.944397 File: 130 KB, 1680x878, stopthepanicsellingidiots2.png [View same] [iqdb] [saucenao] [google] Suicide watch general.

>>	Anonymous Sun Nov 1 08:24:52 2015 No.944427 Anyone have any good ideas on what us going on. Is it to do with the Chinese government cracking down on chink CEOs tying to get their capital out the cuntry

>>	Anonymous Sun Nov 1 08:34:42 2015 No.944434 Heard from russians that shits going down tomorrow.

>>	Anonymous Sun Nov 1 08:58:20 2015 No.944456 >>944427 How would they crack on them? Bitcoins are untouchable.

Anonymous Sun Nov 1 10:01:29 2015 No.944483

All of Google today would represent less than 1% of all of mining (Bitcoin operations worldwide). The sheer degree of what is happening in (Bitcoin) mining is not being appreciated by the press. f we assume there are 10 million Google servers, and each of these servers is running, you can multiply that through and get one petahash. If they turned off all of their data centers and pointed them at Bitcoin (mining network), they would be less than 1% of the network.

>>	Anonymous Sun Nov 1 15:44:18 2015 No.944801 >>944483 Did you know they call it a "bullseye" because thousands of years ago darts wasn't played as we know it. Instead people would throw swords at a bull aiming for their eye. The more you know.

>>	Anonymous Sun Nov 1 15:54:09 2015 No.944808 Anyone not owning 1 BTC by 2016 needs to seriously kill himself. 321 and climbing again.

>>	Anonymous Mon Nov 2 02:09:59 2015 No.945471 File: 1.98 MB, 1024x768, Wt8fNzM.png [View same] [iqdb] [saucenao] [google]

>>	Anonymous Mon Nov 2 05:59:23 2015 No.945615 >>945471 holy shit. This is genuinely huge

>>	Anonymous Mon Nov 2 06:29:32 2015 No.945630 >>945615 THAT'S WHAT SHE SAID :DDDD XD But yeah, I'm pumped as well.

>>	Anonymous Mon Nov 2 06:45:58 2015 No.945637 >>945630 Out of curiosity at what point are you going to sell?

>>	Anonymous Mon Nov 2 07:36:32 2015 No.945668 Question! Why is it impossible to return your bit coins if they get stolen? I thought the block chain is a ledger of every transaction so far, it should be trivial to track where individual coins went?

>>	Anonymous Mon Nov 2 07:40:21 2015 No.945673 >>945668 How do you intend to spend the other accounts bitcoins without the private key? Sure you can track them, it doesn't mean you can spend them

>>	Anonymous Mon Nov 2 07:58:27 2015 No.945682 >>945673 What about the law enforcement agencies, can't they track down the bad guy then and force him to return the money? If the coins are in a wallet they must know who accesses it?

>>	Anonymous Mon Nov 2 08:19:35 2015 No.945696 >>945682 Err, not really. It depends on how they got stolen from your wallet, if the person is smart he can get away with it and there's pretty much nothing you can do unless he wants to return them.

>>	Anonymous Mon Nov 2 08:21:29 2015 No.945700 >>945696 >>945682 and remember, this is the same as him stealing your bitcoin. If you secure your private key there is no feasible way to steal your bitcoins

>>	Anonymous Mon Nov 2 08:24:04 2015 No.945704 >>945682 how would they "force him to return the money"? He could claim he forgot they key or whatever Not to mention that some law enforcement agencies won't care much about "magic internet pretend money"

>>	Noko Mon Nov 2 08:26:26 2015 No.945706 That feel when I ignored /biz/ during 2015 and loaded up on bitcoin when it was in the low 200s.

>>	Anonymous Mon Nov 2 08:27:54 2015 No.945709 File: 31 KB, 991x125, litecoin.jpg [View same] [iqdb] [saucenao] [google] >not going full margin long on litecoin Fucking plebs

>>	Anonymous Mon Nov 2 08:37:32 2015 No.945720 Fuck it senpai I'm investing ,I'm late to the party but on the grand scale of things I could still be early

>>	Anonymous Mon Nov 2 08:45:35 2015 No.945727 >>945720 Nice, remember to FOMO at the top and buy the peak

>>	Anonymous Mon Nov 2 09:42:10 2015 No.945767 >>945727 Remember to kill yourself on 2025 when 1K looks like a small bump on the all time graph.

>>	Anonymous Mon Nov 2 10:31:28 2015 No.945801 >>945637 not before a good decade.

>>	Anonymous Mon Nov 2 11:55:39 2015 No.945890 File: 80 KB, 400x600, image.jpg [View same] [iqdb] [saucenao] [google] Ethereum

>>	Anonymous Mon Nov 2 14:44:16 2015 No.946116 >>945890 BUY ETHEREUM REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE . . China has already invested a good chunk in ethereum why havent u anon?

>>	Anonymous Mon Nov 2 15:05:17 2015 No.946142 >>946116 >been shorting ETH since it launched on Poloniex >no regrets

Anonymous Mon Nov 2 15:21:25 2015 No.946160

>btc literally shitting all over the dumpers and continuing upwards with 0 fucks given

this rally has fucking legs, every time I think it's fizzled out thousands of coins worth of buying pressure spring out of nowhere. Either someone is intentionally inflating the market to ensure the SR auction is carried out at a premium, or it's simply a genuine reversal of the bearish trend over the last 1-2 years or so. Combine that with all the shorts getting utterly BTFO and you've got some crazy fireworks

>>	Anonymous Mon Nov 2 16:12:23 2015 No.946235 Everyone who is on the BTC rally see >>946059 >>946042

Anonymous Mon Nov 2 16:57:14 2015 No.946285

>>946235
So what are you trying to say? Do you not see that this is exactly the reason bitcoin has will succeed, because it allows people to bypass such unreasonable laws?

Even if China loosens the capital controls, it doesn't mean that bitcoin will lose its utility and crash. What is happening now proves that is can happen and thus likely will happen again in the future, and when that happens, people will again put their money in bitcoin. Its utility never vanishes because there are rotten governments all over the world and they will never stop doing shit like capital control. And every time it happens, like this time, word about bitcoin spreads so that the next time even more people will know what to do to liberate their money. Because as said, there is always a next time.

And the smart investor takes this into consideration and buys bitcoin when there is no big financial problems in the world, to anticipate the rise from when there is. There are a lot of people just waiting for the price to fall so that they can buy back in. And this balances the supply/demand and prevents bitcoin from ever crashing horribly even when the people in for example china temporarily see no utility in it. For bitcoin to ever lose its value completely, the whole world will have to become a utopia where everyone is able to use their fiat money as freely and conveniently as bitcoin, forever. How likely is that to ever happen?

>>	Anonymous Mon Nov 2 17:36:36 2015 No.946317 >>946285 I read people are stocking up on the silkroad coins or some confiscated coins for auction.

>>	Anonymous Mon Nov 2 17:47:21 2015 No.946327 >>946317 yup The sr coins being sold are the first 'authentic' bitcoins ever, e.g. they're fully legit and endorsed by the state, which means quite a bit

>>	Anonymous Mon Nov 2 17:55:32 2015 No.946337 >>946285 It is more likely we will see 1 million per coin in the next 20 years than 0 per coin. Let copers cope. >>946116 Google Rootstock. Bitcoin to 10k+ by 2017 confirmed.

Anonymous Mon Nov 2 18:00:01 2015 No.946340
File: 209 KB, 662x394, Traits-of-Money.png [View same] [iqdb] [saucenao] [google]

http://bravenewcoin.com/news/rootstock-is-coming-are-ethereums-days-numbered-or-will-the-18-million-dollar-idea-survive/

Ethereum holders, time to RE hardest than you've ever RE'd.

Anonymous Mon Nov 2 18:57:21 2015 No.946422

>>946285
I'm trying to say that BTC is currently filling a niche that will eventually cease to exist. If there is enough demand for a cryptocurrency to be a blackmarket alternative to fiat currency, governments will simply outlaw the sale and ownership of BTC which could be possible if internet regulation becomes a thing (which is high in probability if past attempted legislature like SOPA is anything to go by, let alone a place like China where such policy is already in existence.)

>>	Anonymous Mon Nov 2 19:00:52 2015 No.946426 Is there a wallet that supports multiple cryptocurrencies that isnt web based.

>>	Anonymous Mon Nov 2 19:14:40 2015 No.946437 File: 113 KB, 1404x936, fukbtc.jpg [View same] [iqdb] [saucenao] [google] >>946422 mfw >gubbermints will outlaw bitcoins >this kills the bitcoin nocoiners actually believe this.

>>	Anonymous Mon Nov 2 19:20:53 2015 No.946443 >>946437 It isn't out of the realm of possibility.

>>	Anonymous Mon Nov 2 19:28:40 2015 No.946451 >>946443 If governments outlaw anything it becomes more scarce. And what happens to the value of things when they become more scarce?

>>	Anonymous Mon Nov 2 19:42:53 2015 No.946472 >>946451 Right well BTC doesn't have an inelastic demand like other illegal things.

Anonymous Mon Nov 2 19:47:18 2015 No.946475

>>946451
except in this case if Bitcoin is outlaw, it'll render it useless for majority of the population. It has value now because of speculation what bitcoin can do. Outlawing bitcoin would destroy the speculation therefore plummeting its value not increasing it. For example, when there was the whole debacle of us government taxing bitcoin transaction, value fell hard.

>>	Anonymous Mon Nov 2 19:49:31 2015 No.946479 >>946475 yup you're right. better sell everything now before the boogieman state makes it illegal and we plummet to single digits >implying you even own any whoops

Anonymous Mon Nov 2 19:52:59 2015 No.946482

>>946479
Huh? I'm not advising selling it at all. You implied government outlawing bitcoin would increase its price. I counter that it would be the opposite.

Your average drug dealer don't have millions to dump into bitcoin to keep its value whereas there's billions of average people combine together can keep bitcoin value high with just 1 dollar each.

>>	Anonymous Mon Nov 2 19:54:09 2015 No.946485 >>946479 So there is no contingency plan for BTC if it becomes illegal, if only much more difficult, to exchange.

Anonymous Mon Nov 2 19:54:34 2015 No.946486

I don't trust it. Most people in the world don't know about it or don't trust it. There are also a lot of legal issues popping up to deal with the mining & trading associated with bitcoins. Institutions have been shut down, theft is rampant, and there's scrutiny over possible money laundering through an unregulated currency.

Bitcoins or some other virtual currency could end up with widespread use some time in the future. But as of now, it's way too risky for most of us. Good on you if it works out.

Anonymous Mon Nov 2 19:56:30 2015 No.946487

>>946482
you're speculating.

I'm saying that anecdotally, every time the state outlaws anything the price goes up.

It doesn't matter if its drugs, prostitution or internet meme money, if its harder to get the value will go up.

I honestly can't think of a single case where banning something has decreased its price.

>>	Anonymous Mon Nov 2 19:58:48 2015 No.946488 >>946485 >So there is no contingency plan by who? Didn't you hear about the plan to pump the price by the Bitcoin CEO in case it got banned

>>	Anonymous Mon Nov 2 19:59:30 2015 No.946490 >>946487 except it's not hard to get bitcoin. >I honestly can't think of a single case where banning something has decreased its price. Did you miss all the times when China ban bitcoin the value drop?

Anonymous Mon Nov 2 20:02:31 2015 No.946493

>>946490
>except it's not hard to get bitcoin

and so if it does become hard, the price will go lower?

>Did you miss all the times when China ban bitcoin the value drop?

No, funnily enough, I didn't

https://bitcoinwisdom.com/markets/okcoin/btccny

can you point it out for me?

>>	Anonymous Mon Nov 2 20:02:37 2015 No.946494 >>946488 Yeah and that guy would promptly be arrested or expedited to the US to be arrested and then be forced by the government to do whatever they want.

>>	Anonymous Mon Nov 2 20:07:12 2015 No.946499 File: 27 KB, 592x448, 1446494624310.jpg [View same] [iqdb] [saucenao] [google] >>946494 good luck expediting the Bitcoin CEO, I heard he's behind 7 proxies

Anonymous Mon Nov 2 20:10:02 2015 No.946503

>>946493
>and so if it does become hard, the price will go lower?
Your average joe aren't going to jump through hoops to get Bitcoin if it's hard to get.

Are you saying the price from ~1000 to ~200 doesn't factor in all those China ban/unban bitcoin news?

>>	Anonymous Mon Nov 2 20:10:15 2015 No.946504 >>946499 These days it's impossible to hide, let alone if they already know who to look for. Read up on how they got to Dread Pirate Roberts.

Anonymous Mon Nov 2 20:17:20 2015 No.946509

>>946503
dude, I've heard of countries "banning" bitcoin since 2011, Russia just "banned" it and the volume has gone up 20x on localbitcoins.

I've heard of a good 5 or so different separate times of china "banning" bitcoin since 2011, and the volume is currently at its highest it has ever been there.

>>946504
You do you know he used his actual email address.. on tor.. I think the real bitcoin CEO is more scrupulous

>>	Anonymous Mon Nov 2 20:25:06 2015 No.946514 >>941035 >>946509 just seen a post already covered what the russian "ban" casued, prohibition -never- works

Anonymous Mon Nov 2 20:25:28 2015 No.946516
File: 110 KB, 571x572, rsz_screenshot_from_2015-11-02_201844.png [View same] [iqdb] [saucenao] [google]

>>946487
Except there is nothing inherently valuable about BTC other than it is currently an easier alternative to gold. The recent surge has been confirmed by the guy who heads OKCoin international as a Chinese rush. Once the value of BTC as a way to launder money decreases, this bubble will burst.

>>	Anonymous Mon Nov 2 20:28:25 2015 No.946521 File: 110 KB, 634x482, 1446479672823.jpg [View same] [iqdb] [saucenao] [google] >>946516 >/biz/ Nope, not even. Just. Meh, enjoy your no coins

Anonymous Mon Nov 2 20:32:20 2015 No.946529
File: 88 KB, 1526x1082, BITCOIN SURGE.jpg [View same] [iqdb] [saucenao] [google]

>>946521
This is coming from someone who bought coins right before the Chinese rushed in. Bought close to 10 for 2350 and am going to sell very soon. You can't long cryptocurrency.

>>	Anonymous Mon Nov 2 20:40:50 2015 No.946540 >implying you can "ban" bitcoin. Worked for torrents right?

>>	Anonymous Mon Nov 2 20:45:57 2015 No.946551 >>946540 banning bitcoin is as retarded ad banning multiplication. we discovered it, it's here to stay. unless of course somebody deletes all evidence of it, rounds up anybody who's heard of it and shoots them all.

Anonymous Mon Nov 2 20:53:46 2015 No.946563

>>946540
You couldn't outright ban them, but you could make it very difficult to exchange them which would effectively do the same thing and it's already happened in the past with gold. This time it would have lengthy prison sentences for anyone running a BTC exchange and using the NSA to shadow anyone who is suspected of using TOR until they find something to pin them on.

>>	Anonymous Mon Nov 2 20:58:05 2015 No.946572 >>946563 >so therefore the price will go down if my scenario happens That's where I lose you jeff, if it is that difficult to buy, surely sellers could throw on a premium

Anonymous Mon Nov 2 21:19:40 2015 No.946593

>>946563
>>946572
imo both scenarios seem very unlikely, it's come too far to throw out a completet ban, too many people already are ballsdeep with their money into bitcoin, a GLOBAL ban is not executable, though a US-wide ban would rather have a negative impact on btc/$

>>	Anonymous Mon Nov 2 21:23:34 2015 No.946601 >>946529 Don't sell

Anonymous Mon Nov 2 21:25:09 2015 No.946605

>>946593
sure, you can speculate that all you want.

My point is when has prohibition ever worked?

drugs, prostitution, cigarettes, alcohol, cigars, literally you name it.

Not only does it not work, but it also drives the price up due to a decrease in supply, I honestly can't think of a single case where banning something has reduced its price, anywhere anytime.

If you can think of something shout because I'd like to know

>>	Anonymous Mon Nov 2 21:26:59 2015 No.946608 File: 169 KB, 1795x501, RUB-volume.jpg [View same] [iqdb] [saucenao] [google] >>946563 https://news.bitcoin.com/russia-using-bitcoin-criminal-liability/ It's fucking pointless. Bitcoin is above kekerments.

>>	Anonymous Mon Nov 2 21:31:29 2015 No.946614 >>946486 >I don't trust it. Most people in the world don't know about it or don't trust it. How the fuck do you pretend to get rich, by investing in promising things once everyone knows about it? Fucking 101.

>>	Anonymous Mon Nov 2 21:35:39 2015 No.946619 >>946529 It's all about holding for 10 years. No one cares about babbygains.

>>	Anonymous Mon Nov 2 21:35:46 2015 No.946620 God dammit when will this end? I want in but don't wanna be the guy to buy at the peak :S

Anonymous Mon Nov 2 21:39:26 2015 No.946627

>>946620
dude, im not kidding

if this is really a rally its only begun, if its anything like previous were at the start of where things get moving, this could continue for several months

or, this is just a blip, and its the first wave, in which we pull back for a month or two, build up more pressure and make the proper climb in a few months.

either way, charts are very pretty right now, and things are looking very strong for bitcoin and crypto in general in the next few months to years

Anonymous Mon Nov 2 21:43:21 2015 No.946634

>>946620
Thats when you buy in, fella.
Eventually it's gonna keep going up and you'll go "fuck it time to buy I guess I was wrong to be cautious it keeps going" and THAT is when it peaks, because all of you have finally gone in.
The people who got their head start are the ones who made a pretty penny.

(Don't put more than 10% of your investable money into Bitcoin. Don't be a retard. Yes 10% is a pretty arbitrary number that I picked to get the point across that you shouldn't put much)

Anonymous Mon Nov 2 21:44:46 2015 No.946642

So I've been interest in buying for probably 6 months but only since this September have I really began looking into.
Main reason I never bought is because I was out of a computer and wanted my own to buy them with. I was mentally prepared to buy in the beginning of October but only just received an ordered laptop in the past few days.

I'll buy if it goes down a bit but I still have questions about it.
I would really like to buy it anonymously, can I do that at all without paying in person with cash? I don't see how a credit card purchase can be anonymous.

Or maybe I'm too dumb and should just stay away.

>>	Anonymous Mon Nov 2 21:46:17 2015 No.946646 File: 146 KB, 1668x877, whodoesntmakemoneyonthis.png [View same] [iqdb] [saucenao] [google] Beautiful nocoiner FOMO as we speak boys.

Anonymous Mon Nov 2 21:49:37 2015 No.946658

>>946642
There aren't many alternatives to buy it completely anonymously beyond

1) Working and getting paid for it. Then no fucking way goverment can't know anything.

2) Meet person IRL throught Localbitcoins

I can't think of any other ways. As soon as the old banking infraestructure is there then it's not "anonymous".

But honestly why do you care? I wouldn't care that much unless I was a whale that wanted to avoid the IRS or something.

https://www.multisigna.com/

This seems sweet but havent researched it yet. Seems like closest to a p2p exchange. Soo much cool, new stuff to keep track off.

Anonymous Mon Nov 2 21:57:17 2015 No.946669

>>946642
Learn how to tumble bitcoins, that way you can buy them using conventional credit cards/paypal/whatever, and make them much more difficult to trace.

Again, it's one of those things where right now, I doubt there are many law enforcement officers who effective know how to track bitcoins, and even fewer who can trace through even the simplest forms of anonymization

Anonymous Mon Nov 2 22:02:46 2015 No.946684

>>946658
The main reason those options bother me is the fact that where I am they have high minimums for cash and it seems to be dominated by 3 main sellers.

I could afford their minimums but I like what >>946634 says about 10%.

>But honestly why do you care? I wouldn't care that much unless I was a whale that wanted to avoid the IRS or something.

I like the idea of hidden money without a shovel. It's an incredible opportunity to live in a time where that's accessible.

Also for whatever reason I get super tense spending money over a computer. I don't know if it's an irrational fear yet.

>>946669
So I'm really feeling that not many people have made anonymous BTC purchases? At least from what I've read that seemed to be one of the highlights.

Anonymous Mon Nov 2 22:05:18 2015 No.946690

>So I'm really feeling that not many people have made anonymous BTC purchases? At least from what I've read that seemed to be one of the highlights.

>>946684
you can anonymize transactions quite easily, at a small margin for the miners tumbling your coins

Anonymous Mon Nov 2 22:08:03 2015 No.946695

We'll eventually get confidential transcantions (obfucastion of the amount of BTC transacted) coupled with in-built CoinJoin features on a wallet (basically a decentralized tumbler, meaning your coins get mixed with other people's and there's no fucking way to prove who is sending what and where to).

Thought fucking luck for govs in the future desu.
But the real shit come when you get paid directly on Bitcoin, that's how you close the circle. Now you are on a totally alternative universe money wise. It's your shit and no one's else business. Just keep your wallets safe and you are your own bank.

>>	Anonymous Mon Nov 2 22:08:05 2015 No.946696 >>946690 Just a guess but is tumbling just throwing it around in the blockchain to make it harder to follow?

>>	Anonymous Mon Nov 2 22:18:00 2015 No.946708 >>946696 sort of https://darknetmarkets.org/a-simple-guide-to-safely-and-effectively-mixing-bitcoins/

Anonymous Mon Nov 2 22:28:51 2015 No.946721

This is why the price is rising fast... From some chinese friends I have in the BTC community.

>Chinese economy is taking a shit currently
>Chinese millionaires want out
>Chinese Govt does not want to loose them
>They limit how much money they can send out of the country to bottleneck them in hopes that the economy will eventually recover
>Millionaires figure out they can use Bitcoin to funnel their money out of the country instead
>Boom BTC price explosion

>>	21 !bitcoinhZY Tue Nov 3 00:37:17 2015 No.946855 >>928840 It's just that time again. The new blood is having an epiphany. This time though, instead of 4chan - it's the facebook brigade (the young ones, not the old ones). Hold your hats.

>>	Anonymous Tue Nov 3 01:15:04 2015 No.946890 File: 139 KB, 1792x936, btcc.png [View same] [iqdb] [saucenao] [google] Yeah well the winds they be-a-changin... inb4 the dump begins

>>	Anonymous Tue Nov 3 01:32:26 2015 No.946903 >>946721 Will this increase continue for a little while then? $500 incoming?

>>	Anonymous Tue Nov 3 01:38:17 2015 No.946912 >>946903 In a week or less.

>>	Anonymous Tue Nov 3 01:40:46 2015 No.946917 >>928840 so, serious question guys. Assuming this stuff goes back down to ~200. What is stopping someone from buying a shitload of miners, solar panels, renting a place, and turning a profit?

>>	Anonymous Tue Nov 3 01:56:33 2015 No.946925 >>946890 ..And it's fucking nothing

>>	Anonymous Tue Nov 3 02:14:31 2015 No.946934 >>929153 >being a normie >2015 why are you even on the internet?

Anonymous Tue Nov 3 02:17:09 2015 No.946935

>>946340
Rootstock appears to be a bag of shit devised by some Mexicans.

Misses the point entirely about why Ethereum is nescessary which is ease of programmability, scalability, and Turing completeness which is impossible for Bitcoin to have no matter how much you wrangle it.

>>	Anonymous Tue Nov 3 02:19:49 2015 No.946937 >>946917 AHAHHahahahahaAHAHAhaahaHAHAhaAhahAhahAahHAAHAhahaHHAHAahahAhHAHAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

Anonymous Tue Nov 3 04:52:27 2015 No.947015
File: 212 KB, 1921x1013, watwatwat.png [View same] [iqdb] [saucenao] [google]

What's a good Android app to monitor the price on the major exchanges?
I'm looking for something nice like bitcoinwisdom or cryptowat.ch, and if possible without a set of retarded permissions

>>	Anonymous Tue Nov 3 05:25:10 2015 No.947030 >>928842 Fool me three times...

>>	Anonymous Tue Nov 3 05:35:49 2015 No.947038 >>947030 what do you mean by that?

>>	Anonymous Tue Nov 3 05:40:04 2015 No.947042 >>947038 He means shame on you for still falling for this crap

>>	Anonymous Tue Nov 3 05:41:56 2015 No.947047 >>947038 I mean that the market psychology will invert, and do almost exactly the opposite of what it did last time they sold a block of coins at auction.

>>	Anonymous Tue Nov 3 09:02:15 2015 No.947173 https://twitter.com/ken_lunde/status/661351862155669506 BTC comming soon to every keyboard out there.

Anonymous Tue Nov 3 09:03:53 2015 No.947174

>>946935
Bitcoin was designed to not be Turing complete because Turing complete delivers an endless amounts of problems.

Sidechains will crush ETH, stop RE'ing and sell your ETH for BTC while they are still cheap. No one cares about another blockchain that isn't Bitcoin's and the BTC token to fuel it.

>>	Anonymous Tue Nov 3 09:05:58 2015 No.947178 >>946721 When this happens globally price will go 5 figures.

>>	Anonymous Tue Nov 3 09:19:16 2015 No.947203 >>947178 https://bitcoinwisdom.com/markets/okcoin/ltccny moooo-

>>	Anonymous Tue Nov 3 09:21:53 2015 No.947209 >>947203 >https://bitcoinwisdom.com/markets/okcoin/ltccny Holy fuck, glad LTC is doing well too. I personally wouldn't gamble with it tho.

>>	Anonymous Tue Nov 3 10:09:02 2015 No.947240 >>947015 Bitcoin ticker widget. Pretty much bitcoinwisdom complete with alerts

>>	Anonymous Tue Nov 3 10:31:06 2015 No.947260 >>947240 >Bitcoin ticker widget Pretty neat, thank you!

>>	Anonymous Tue Nov 3 10:52:26 2015 No.947281 File: 34 KB, 294x375, 1427024419133.jpg [View same] [iqdb] [saucenao] [google] >>947260 No problem

>>	Anonymous Tue Nov 3 11:16:49 2015 No.947310 >>947281 Any way to get rid of the ads without buying the thing?

>>	Anonymous Tue Nov 3 12:43:39 2015 No.947445 File: 1015 KB, 500x278, advanced logic.gif [View same] [iqdb] [saucenao] [google] >>947310 I hadn't even noticed the ads. All I see is a bit of blue text on the bottom

>>	Anonymous Tue Nov 3 14:43:51 2015 No.947643 >>947445 seriously the ads aren't that intrusive at all. thanks again for the app, I like it.

>>	Anonymous Tue Nov 3 14:46:02 2015 No.947647 File: 1.24 MB, 172x149, 1313752622139.gif [View same] [iqdb] [saucenao] [google] ITS HAPPENING

>>	Anonymous Tue Nov 3 19:28:53 2015 No.948027 >>942811 I have 150$ (lmao) sitting on leaked since late 2013, never did anything of it. I'm not sure if i should buy still.

Anonymous Tue Nov 3 20:07:03 2015 No.948071

>>946327
>originally drug money coins
>can only be purchased in cash at the auction (see money laundering)
>first bitcoins fully legit and endorsed by the state

Hahaha fucking governments man. This is why we need Monero or ZeroCash or something to gain traction. Proper fungibility.

>>	Anonymous Tue Nov 3 20:34:51 2015 No.948099 >>948071 When people get paid on Bitcoin + confidential transactions + CoinJoin goverments are fucked. No need for alts.

>>	Anonymous Tue Nov 3 22:49:10 2015 No.948276 Sup, I was going to buy something with my .5 bitcoin but it won't let me because multibit has the balance at .5 but spendable is 0? I transferred the bitcoins over 2 years ago and the status thing is a white circle. what do?

>>	Anonymous Wed Nov 4 08:36:34 2015 No.948701 >>948276 You hold for 10 years and retire with 500K.

>>	Anonymous Wed Nov 4 11:14:51 2015 No.948898 File: 276 KB, 1532x894, 151104_btcusd.png [View same] [iqdb] [saucenao] [google] kekles mckek

>>	Anonymous Wed Nov 4 12:13:17 2015 No.948987 >>948898 What is the website?

>>	Anonymous Wed Nov 4 12:16:07 2015 No.948991 >>948987 looks like trading view https://www.tradingview.com/chart/?symbol=BITFINEX%3ABTCUSD

>>	Anonymous Wed Nov 4 14:14:36 2015 No.949191 >>929076 I disagree. Many altcoins serve the same function without the problems of btc Why not ethercoin? All btc has is first player advantage and as we saw with myspace that may not mean anything

>>	Anonymous Wed Nov 4 14:18:17 2015 No.949199 >>949191 you're right, but sidechains could serve the role of altcoins I always think no matter what happens btc will still have value of being the first though, but yeah you're right some alts do a heck of a better job at some things

>>	Anonymous Wed Nov 4 14:52:23 2015 No.949248 File: 35 KB, 420x579, theeconomist-phoenix_get_ready_for_world_currency_by_2018.jpg [View same] [iqdb] [saucenao] [google] >>942729 Posting a kike magazine cover.

Anonymous Wed Nov 4 15:04:35 2015 No.949268

>>946422
It will cease to exist in China, but China is not the only country with capital controls. Look at cyprus and the 2012 bubble. Behind the scenes, the infrastructure is growing, and the utility of bitcoin is growing. Soon it wont need to fill this niche to survive.

Will the current bubble pop? Hell yes, and anyone who buys after the bubble begins is fucking delusional. But a speculative bubble popping isnt the death of bitcoin, as we have seen time and time again. It also stands that even at its lowest point this year, the value of bitcoin has increased by a percentage in the thousands since its inception several years ago. The general trend is up.

>>	Anonymous Wed Nov 4 15:05:36 2015 No.949271 >>946475 Every government on earth would have to outlaw bitcoin for that to happen.

>>	Anonymous Wed Nov 4 15:07:49 2015 No.949275 >>949248 >kike opinion discarded

>>	Anonymous Wed Nov 4 15:13:46 2015 No.949287 File: 82 KB, 1024x576, 122313241155123123121.jpg [View same] [iqdb] [saucenao] [google] So, Say I want to acquire one bitcoin right now? How do? I'm tired of kicking myself every time this happens.

>>	Anonymous Wed Nov 4 15:15:11 2015 No.949292 File: 427 KB, 570x2249, NWOBitCoin.jpg [View same] [iqdb] [saucenao] [google] >>949275 Yes one should never listen to kikes. Very wise.

>>	Anonymous Wed Nov 4 15:18:32 2015 No.949301 >>949287 Depends where you live. localbitcoins is probably the best for everywhere, its p2p

>>	Anonymous Wed Nov 4 15:21:25 2015 No.949307 Hope we get back to 500...

>>	Anonymous Wed Nov 4 15:22:40 2015 No.949308 Is it too late to jump on the train? Or am I better off waiting to get some post-dump?

Anonymous Wed Nov 4 15:23:23 2015 No.949310

I want to buy a Bitcoin. Where do I buy Bitcoins? I am totally incapable of spending 10 seconds on a google search. I am totally not shilling and making it seem more people are interested in buying Bitcoins than there really are. I am not just bumping this thread for shilling purposes. I will not respond to my post with a different ID telling myself where to get bitcoins.

>>	Anonymous Wed Nov 4 15:25:51 2015 No.949313 File: 31 KB, 573x609, lolz.jpg [View same] [iqdb] [saucenao] [google] jesus all these people have literally no clue how markets work, what is going on with bitcoin or how they should trade or invest even in general. majority must be always wrong.

>>	Anonymous Wed Nov 4 15:28:05 2015 No.949317 >>949308 Now is too late, wait till the bubble bursts and buy then, and hold for months for the next bubble, and dump. Repeat.

>>	Anonymous Wed Nov 4 15:28:49 2015 No.949318 >>949317 Thanks man, appreciate the advice.

>>	Anonymous Wed Nov 4 15:33:41 2015 No.949324 If you want my advice, this is nowhere near over. We could take a break for a day or two, but the trend has us at over new ATH by december

>>	Anonymous Wed Nov 4 15:39:43 2015 No.949326 >>949324 willy bot 2.0? :DD

>>	Anonymous Wed Nov 4 15:48:23 2015 No.949337 >>949324 Probably take until December to clear the chain backlog...

Anonymous Wed Nov 4 15:53:09 2015 No.949342

What people need to realize is that, when cryptocurrency becomes preferable/more popular than paper currency, governments will just start their own cryptocurrency programs
We might have cryptoeuros, cryptodollars and even cryptodicks, but buttcoins will never become *the* cryptocurrency, so treating them as a long-term plan is stupid.

Why buttcoins can't make it:

1-) Governments will want to have some control, even if temporary, of their nation currency.

2-) Nationalists retards will back their "local" cryptocurrency because of "muh patriotism".

3-) Technology is evolving, and will evolve further, so new cryptocurrency gradually makes buttcoins obsolete.

4-) Because I said so.

>>	Anonymous Wed Nov 4 15:54:12 2015 No.949345 So hold? It looks like a bunch of people sold at 500 no? Who would buy now if the trend is to continue?

>>	Anonymous Wed Nov 4 16:11:51 2015 No.949369 >>949342 First two are precisely what bitcoin is not, and should not be. 3rd one is false, btc gets updated every once in a while.

>>	Anonymous Wed Nov 4 16:12:31 2015 No.949370 >>949345 People who have cashed out to early will buy back in.

Anonymous Wed Nov 4 16:40:07 2015 No.949402
File: 173 KB, 1795x499, RUB-volumee.jpg [View same] [iqdb] [saucenao] [google]

>>949342
What you need to realize is no fucking one is going to use a closed source, unknown supply, centralized alternative to Bitcoin because there are 0 reasons to do so unless you have an agenda (gov kek). Look at what happened when Putin tried to ban BTC faggot.
It. Cannot. Be. Stopped.

Anonymous Wed Nov 4 18:42:05 2015 No.949565

>>949369
>First two are precisely what bitcoin is not
You are right, it is not real currency, and it probably never will be.
>3rd one is false, btc gets updated every once in a while.
You can not do a complete overhaul with BTC, which is why it will become obsolete.

>>949402
I never said that it would be closed source.
And you are wrong. If a government decided to use cryptocurrency as their official money, everyone in that country would use it - even if it was closed source, with an unknown supply and centralized.
And even under those conditions, it would crush BTC, if a powerful country did it.
You are free to gamble your money, but by refusing to see the flaws in butt coins you will get butt raped - you can only make real money on gambling by understanding the odds and the game.

Anonymous Wed Nov 4 19:11:48 2015 No.949631

>>949565
You are a fucking idiot. It doesn't take "everyone" to send BTC to the moon. Just takes a couple of whales. Just a small % of the fiat leaking into Bitcoin could make it go to 6 figures. And make no mistake, there will be enough people not wanting to be guvermints c.u.c.k. Do the math maggot.

>>	Anonymous Wed Nov 4 19:23:04 2015 No.949648 >>949631 dream on buddy http://www.ft.com/cms/s/0/ee93bc2e-82f6-11e5-8095-ed1a37d1e096.html#axzz3qZWcWkDS

>>	Anonymous Wed Nov 4 19:29:15 2015 No.949654 >>949631 Ok, sensei, keep using your allowance to buy the special treasure :^). Just don't ask your mommy and daddy to spend your college funds on that, mmmkay? You don't want to spend your life flipping burgers for those government keks after all!

Anonymous Wed Nov 4 19:32:20 2015 No.949656

>>949648
>>949654

Bitcoin stops the hidden major tax of money printing. A government pretending to be something other than totalitarian will not be able to raise taxes above a certain limit. With money printing the limits are not so clear. Almost every major war has been funded by printing more money. Do you think the average patriot will still root for war if he actually needs to pay something like 50 000$ to support it? We might find many people turning into peace lovers all of a sudden.

Keep coping tho. People will sure use closed source money, kek. (lol at thinking guv issued crypto wouldn't be closed source, shows how clueless you are).

>>	Anonymous Wed Nov 4 19:34:37 2015 No.949659 File: 39 KB, 642x480, 1443323140458.jpg [View same] [iqdb] [saucenao] [google] I just want to buy drugs /biz/ why did this pump and dump shit have to start now

>>	Anonymous Wed Nov 4 19:40:01 2015 No.949671 >>949659 i thought sr shut down

>>	Anonymous Wed Nov 4 19:46:59 2015 No.949686 >>949671 lmao yeah and then 30 other DNMs sprouted up a week later never been easier to buy drugs online friend

>>	Anonymous Wed Nov 4 19:47:03 2015 No.949687 >>949671 >mfw coke dealer >mfw my 15 BTC doubles in value all of a sudden >Check /biz/ because they talk about that shit >Not sure if I should buy coke or sell my BTC or just keep BTC help me, i am confused and frankly pretty dumb

>>	Anonymous Wed Nov 4 19:51:03 2015 No.949694 >>949687 can you get twice the amount of coke or is the coke traded in BTC?

>>	Anonymous Wed Nov 4 19:52:10 2015 No.949697 File: 112 KB, 400x400, 1415618607730.jpg [View same] [iqdb] [saucenao] [google] >>949687 sell half of them? if it goes up, you can sell some, if it crashes, you made a good deal and can buy coke

Anonymous Wed Nov 4 19:57:35 2015 No.949707

>>949694
It's traded for BTC. Vendors must adjust BTC prices manually, it doesn't auto adjust by the market value of BTC to USD. Usually it takes a while for vendors to adjust the prices if the market is this volatile, a lot are asking to finalize orders early right now as opposed to holding the money in escrow

>>	Anonymous Wed Nov 4 19:58:03 2015 No.949709 >>949687 Hold for 10 years then retire.

>>	Anonymous Wed Nov 4 20:52:44 2015 No.949755 File: 2.24 MB, 4096x2304, P_20151104_200535.jpg [View same] [iqdb] [saucenao] [google] This is the real problems bitcoin is facing and will be facing, The Economist always get their shot straight

>>	Anonymous Wed Nov 4 21:41:55 2015 No.949805 >>949755 >sideways my neck ain't a fuckin hinge

>>	Anonymous Wed Nov 4 21:44:27 2015 No.949808 >>949755 Nah, all mainstream medias never fully get how Bitcoin works.

>>	Anonymous Wed Nov 4 22:53:50 2015 No.949903 File: 7 KB, 205x145, 11156017420.png [View same] [iqdb] [saucenao] [google] I thought you were going to the moon?

>>	Anonymous Wed Nov 4 22:59:29 2015 No.949911 >>949903 it's a bumpy ride, but it hasn't shuttle-colombia'd yet

Anonymous Wed Nov 4 22:59:38 2015 No.949912
File: 68 KB, 621x507, 2ebd02af2f4f.jpg [View same] [iqdb] [saucenao] [google]

>>949656
actually nerd im speaking to why it is rising in the SHORT term. do you understand short and long term? Short term is because the chinese are scamming other chinese. With a Russian fraudster helping. How is that hard to understand and is stand alone from if or not bitcoin will be successful in the longterm.

It could go higher and it could also pull back. if it does pull back then you will be eating crow. if it goes higher good for you but my point is im talking about this current run up.

i bet you also cheer on the economist rothschild and their illuminati all seeing eye stamp they put on BTC. you kek

>>	Anonymous Wed Nov 4 23:08:07 2015 No.949924 Sub 400 soon.

Anonymous Thu Nov 5 00:04:27 2015 No.949977

>>949924
Nah, once it popped $400 the herd mentality doesn't want to see it drop back down below that, especially with all these headlines about it now heading to 500. I think it will move sideways (more or less) and then continue on the same gentle trendline you get starting from Oct. The only way is up! But not as quickly as the last few days...

Maybe I'm just saying this because I bought another $4k worth @ $400 this morning.

>>	Anonymous Thu Nov 5 01:39:37 2015 No.950052 >>949977 And you did not sell them at $470 for 17,5% profit in one day? Why are you such a pig, senpai?

Anonymous Thu Nov 5 01:57:22 2015 No.950067

>>950052
Well three reasons; I think there's a reasonable chance of a similar bubble peak in the next week; I also tend to believe the hype of the potential of bitcoin in the longterm. Longing these might end up being a retirement plan. And thirdly, I have no idea what I'm doing, but eh, why not risk 6% of my net worth and see what happens. Worst case scenario they halve in value, no big deal.

Anonymous Thu Nov 5 02:18:26 2015 No.950075
File: 103 KB, 940x348, whowhatwhere.jpg [View same] [iqdb] [saucenao] [google]

>>950067
this will not move majorly until the next halving. and more probably the halving after this. so like the year 2020 man. until then it will continue to be these bullshit pump and dump while the ILLUMINATI JEWS keep accumulating it. just like they have been since day 1
you should have seen these accounts bashing on a popular forum way back when after the first mt.gox hax. the major one and had a price decline to 2$ from 25$ or so. on MAJOR volume. these accounts were bashing all the way down UNTIL the very day that BTC made a short term bottom of that range, they disapeared with no more postings. to which btc slowly drifted up to become the mega fuck over that is has become. I mean really we should be moon and mars bases already but we are still fighting over forms of cash and burning major energy while doing it. so basically it is just a mind fuck and leaves everyone in that speculation game that the jews want us in, rather than unity. SO there is a group that has had an agenda since day one. Its not coincidence either that they were pumping it on all the major news networks when it was at its peaks. They also stopped talking about it when it was 200$ range. They are calculated all around and cold, evil. They have been, they are and always will be accumulating. It is just inflation vs deflation. We still lose both ways. We suffer needless.

ANyways goodluck bud.

>>	Anonymous Thu Nov 5 07:16:43 2015 No.950185 >>949805 Yeah my bad, it doesn't upload the image straight >>949808 Did you even read what it says?

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/biz/ - Business & Finance