/bit/ - Bitcoin

[Anonymous No.71]

Bitcoin thread!

[Anonymous No.101]

dogecoin > bitcoin

[Anonymous No.242]

/g/ here, I'm glad you people have your own shithole to wallow in your filth. Don't ever come back on /g/ you fucking faggots.

[None !COiNzyXuCE No.406]

>2014
>using Bitcoin

[Anonymous No.671]

>>406
Nothing else holds a candle to it.

[Anonymous No.752]

I"m sensing some sexual tension in this board

[Anonymous No.830]

Who else is excited about this crash as a new opportunity to grab some cheap coins?
I sure am!

[Anonymous No.839]

Me and my friends have been talking about Dogecoin alot lately and we've been thinking about investing a few dollars in it

what do you think, /biz/?

[Anonymous No.988]

>>242
Oh I'll be back! Every fucking day! creating Bitcoin threads and there's NOTHING YOU CAN DO TO STOP ME!!!!

[Anonymous No.1057]

>>830

In about 4 days I might. But only if sellers on localbitcoins will lower their price to about £300

[Anonymous No.1059]

>>988

[Anonymous No.1096]

>>1057
agreed. It's too early for now.

[Anonymous No.2357]

http://www.forbes.com/sites/andygreenberg/2014/02/13/silk-road-2-0-hacked-using-bitcoin-bug-all-its-funds-stolen/

>bitcoin

[Anonymous No.2453]

I wish I knew litecoin wasn't directly tied to bitcoin when buying some, but whatever, they'll only rise again

when's that gunna be anyways?

[Anonymous No.2583]

How prevalent do you think BitCoin will be in 10 years? 20?

[Anonymous No.2624]

>>2583
Pic related

[Anonymous No.2668]

>>2624
And obviously the exponential growth will taper off as we reach mass adoption but as of right now we're in the VERY early stages.

[Anonymous No.2721]

So how ded is BTC

[Anonymous No.2859]

>>2624
I reallllly wanna believe that by 2017 I'll be sitting on a beach in Maui sipping on Daquiris.

maybe the first 20 years of my life were shitty for a reason

[Anonymous No.2860]

>>2721
>How dead is mathematics, cryptography, computer science, distributed networks, etc...

Your question doesn't even make sense. Bitcoin is here to stay and there is NO stopping it.
Some greedy fucks might lose some money, but in the end Bitcoin is taking over.

[Anonymous No.2897]

>>2859
This time WE are the early adopters.
I'm considering quitting my job to start business in Bitcoin

[Anonymous No.2960]

>>2897
lol the only reason I'm not doing it yet is because my wife and family don't understand it enough to not think I'd be crazy doing so.

[Anonymous No.2972]

I wish I wasn't fuckin broke

I'd buy bitcoin right now, it's pretty much at 600 at the moment

[Anonymous No.2977]

ded coin is ded

[Anonymous No.3058]

>>2972
To be honest?
I'd go out and sell my computer, get a cheap laptop, and buy in.
NOW.
YESTERDAY.

[Anonymous No.3176]

Do we buy now?

[Anonymous No.3222]

>>3176
wait a day or two
wait until the price resumes oscillating around a stable value

[Anonymous No.3422]

Where is your god now?

[Anonymous No.3683]

In five words or less, explain to me why I should turn my hard earned Freedom Dollars™ into these traitorous shekels.

[Anonymous No.4015]

Has anybody else bought any shares of Crypo-Trade? They are now paying dividends every Sunday. It got me hard.

[Anonymous No.4017]

>>3683
So I can sell-you mine.

[Anonymous No.4069]

>>3422
INB4 PORNCOIN

[Anonymous No.4137]

>>2860
>DID AVAS CAUSE THE US HOUSNG BUBBLE
WUT
>BABIES NAMED 'AVA'
TOPKEK

[Anonymous No.4147]

>>4069
well, there's sexcoin already

[Anonymous No.4178]

>>4015
wtf are you even talking about?

[Anonymous No.4340]

how do i into internet funbucks

[Anonymous No.4488]

>>4340
Install Electrum
Register into coinbase if USAian, or kraken if europoor.
Use old, inefficient and expensive banking system to trade your offlinecoins for onlinecoins
Profit

[Anonymous No.5829]

I got started with faucets for fun then put actual money in it. My favorite is http://qoinpro.com/dc2e41d35680c447f3c548203fd5e392 auto pays daily in btc ltc ftc and tips. There are alot of good doge faucets too out there

[Anonymous No.5923]

>>4147

wait goy, you wouldn't want to pay for porn with bitcoin now would you? you must use our special sexcoin™ for this purpose, and sexcoin™ only! consider the consequences of using bitcoin for something like this, such as........

nevermind about that, just buy sexcoin™ today!

[Anonymous No.6170]

oh shit we /500/ now. do we buy?

[Anonymous No.6353]

>>6170
Im buying then converting to ltc. Bit is too risky

[Anonymous No.6432]

>>6353

>thinking litecoin is more safe than bitcoin

LTC is directly tethered to BTC and tends to fall even faster than BTC does

[Anonymous No.6472]

>>5829
All those altcoins are going to get robbed from you when their creators want

[Anonymous No.6481]

i have 100 shitcoins locked up in mt goy how fucked am i?

[Anonymous No.6496]

>>6481

I'm so sorry man

[Anonymous No.6512]

>>6481
I think the danger of them taking the money and running is diminishing. That said, they're probably still going to be locked down for at least another few weeks.

[Anonymous No.6531]

>>6481
>mfw I hauled my coins out of Gox like ten days ago

[Anonymous No.6545]

>>6432
That reminds me with BTC tanking hopefully it causes LTC miners to dump their GPUs on ebay

[Anonymous No.6552]

>>6512
>I think the danger of them taking the money and running is diminishing

[Anonymous No.6557]

>>6481
beyond dead. im sorry goyim

[Anonymous No.6565]

>>6432
more of them spreads it out though

[Anonymous No.6613]

>>6496
>>6531
>>6545
>>6552
>>6557
yeah i feel so fucking stupid in retrospect. there have been issues with mt. goy and cash liquidity since what, september? kept on telling myself to transfer my coins out but i didn't.

oh well.

[Anonymous No.6643]

>>6481

[Anonymous No.6711]

>>6643
t-t-they'll resolve this right? i'll be able to get my shitcoins out eventually? r-r-r-right?

right?

; ;

[Anonymous No.6728]

>>6643

gonna crack the 300s soon

hold on to your dick (I am)

[Anonymous No.6743]

I thought this board was for people interested in business or finance, not speculating teenagers who want to gamble in povertycoins and memecoins.

[Anonymous No.6771]

>>6711
Rumor has it that Gox was performing Fractional Reserve Banking and actually does NOT have the coins and cash to pay everybody in a bank run. They've invoked the Malleable Coins excuse to divert attention

[Anonymous No.6869]

I'm new-ish to this, I bout 1 btc at the height of the China bubble. Over the past 2 months I've lost over $500.

I believe in this technology, but goddamn it's hard to just look at the price and see it dip a little bit this day, a lot that day. I might buy some doge, Idk.

[Anonymous No.6925]

>>6869

if you only have one, you might as well toss it on a USB drive and don't look at it for a few years. You'll either end up with like $10,000, or $0

[Anonymous No.7022]

Bitcoins are too slow to be used for anything useful and it's about to crash to sub 200 across all exchanges.

[Anonymous No.7024]

>>3058
So how many candles are we along in the selloff? Gotta be at least 5 by now.

[Anonymous No.7112]

>>6771
so i'm out 100 shitcoin? forever?

fucking great.

welp at least i sold some last year for a cool $10k. bought in relatively early in mid 2011

[Anonymous No.7131]

>>6869
"Be fearful when others are greedy and greedy when others are fearful."

[Anonymous No.7143]

>>71

Daily reminder that bitcoin has no value and cannot become a mainstream currency.

[Anonymous No.7144]

>>7024
Whats a candle?

[Anonymous No.7183]

>>7112

why'd you have 100 bitcoins anywhere but a wallet you actually own is the real question here

[Anonymous No.7201]

>>7144
look up candlestick graph. basically each bar/candle has a solid bar for open/close price for whatever time period you're looking at and a thin line through the middle that's like the bar, but merely shows the range the price varied during the time period. A lot of times they look like little blocky candles so I figure that's where the name came from

[Anonymous No.7212]

>>7183
laziness/apathy i guess

i'm really kicking myself here.

though if it's true that mt goy was total fractional scam i see shitcoin falling down to pre 2013 prices anyway so maybe i'll be able to buy back in

[Anonymous No.7259]

15 MINUTES LEFT UNTIL HALVING

15 MINUTES LEFT UNTIL HALVING

15 MINUTES LEFT UNTIL HALVING

15 MINUTES LEFT UNTIL HALVING

AMDOGE ARE YOU WITH US?

YOU NEED TO KISS ME WHEN IT HAPPENS

[Anonymous No.7492]

$385

theme song for gox tonight:

http://www.youtube.com/watch?v=iHsx1cvACkY

[Anonymous No.7584]

This shit is going to drop to 100-200 on every exchange.
Which is good, these overly inflated mega speculation prices were crazy as fuck.
When this stabilizes at who knows how low, maybe we'll see some legit steady slow growth instead of these insane climbs.

[Anonymous No.7644]

1KFAcKwoYVD1wzAiqQtT8zaxFb17XBfVV3

Please donate,im poor and i think i can get a little of money with this.

I´m from a third world country.

[Anonymous No.7782]

lol selling volume is really picking up now!

[Anonymous No.7817]

>>7782

[Anonymous No.7864]

Can someone send me like .0005BTC or whatever a normal sender fee is so I don't need to move more Doge to BTC and then lose even more to Bter in moving the BTC to my wallet? Or better yet, just pay for the pass...

I always have so much trouble with all the damn fees. When I want to send 0.0341, I want to send 0.0341, not 0.0346. I ended up wasting a lot of time/money moving Doge into BTC to buy some breadboards on Adafruit a couple of weeks ago.

Can't go to the moon if I can't even buy a 4chan Pass

18DZptczNmFxKpF1
EcVkmyGSJPPzb6Yrbd
MultiBit wallet

[Anonymous No.7861]

>tfw could have had $100k from shitcoin if i cashed out a week ago

[Anonymous No.7873]

>>7817
well atleast some people came in and bought the dip

that was a fucking massive sell order that preceeded it though!

[Anonymous No.7897]

>>7861
You should have spammed more about how everyone else was "sour grapes" that would have turned your investment into like 200k atleast!

[Anonymous No.7927]

>>7584
Dear god this, exactly this.

I've been waiting and watching and cursing those bullish fucks on reddit who drove this insanity to the bursting point. The thing is, you can't be the guy who says bitcoin is massively overvalued nowadays. Just like you couldn't be the guy back in 2010 who said that bitcoin would hit a thousand bucks some day.

Goddamn it are we the only sane ones

[Anonymous No.7932]

How the fuck do cryptocurrencies work?
How the fuck did it even start?
How on earth can you start your own currency?
It's literally printing money?

[Anonymous No.7913]

>>7861

>tfw I held because "maybe $1000 is the new "normal" price and we're going to the moon from here"

wrong nigga

wrong

[Anonymous No.7965]

>High:$549.00
>Low:$302.00

mother of god that was a big sellout.

[Anonymous No.7974]

>>7927
>Goddamn it are we the only sane ones

[Anonymous No.7993]

>>7873
>well atleast some people came in and bought the dip

No they didn't. The big sell freed up just so many buy orders, that there last ask prices remained there.

[Anonymous No.8000]

curse you mt. goy

what's a good shitcoin exchange not run by jews?

[Anonymous No.8003]

>>7965
>past tense

[Anonymous No.8028]

>>8000

any of them that aren't mtgoy

btc-e is fun because it has the chat box

[Anonymous No.8037]

>>7965
yea in less than an hour it really hit the fan

someone big capitulated (aka shit the bed)

[Anonymous No.8276]

I have 0.45 BTC, and another 1 or so BTC worth of other cryptos.

I really wish I wasn't so late to the game. I came *this* close to mining Bitcoin in 2011 but I decided to wait. Oh how my life would be different today...

[Anonymous No.8334]

>>242

/biz/ here. I'm glad you're getting so mad over cryptocurrency, friend!

[Anonymous No.8351]

>>7932
like the dollar?

[Anonymous No.8415]

>>8276
You're gonna say the same thing 3 years from now about not investing more.

It's the hesitant speculator's regret, you'll get over it.

[Anonymous No.8473]

>>7932
>How the fuck do cryptocurrencies work?
A network of computers that shares and encrypts a universal ledger of transactions. The whole world can see all Bitcoin transactions, eliminating the need for trust in the global market.

>How the fuck did it even start?
Some dude under the pseudonym "Satoshi Nakamoto" released a white paper detailing the technology, and developed the Bitcoin protocol. It has since been improved upon by other people, as the software is open source.

>How on earth can you start your own currency?
People take the open source Bitcoin software, modify it, and release it as a new currency. It can not interact with Bitcoin in anyway, it is a separate entity that needs its own network of computers to maintain.

>It's literally printing money?
Upon the creation of a cryptocurrency, all of the coins technically exist within the system, but "mining" (the process of confirming and encrypting transactions on the network) rewards people with coins slowly over time. They go from being unowned, to being owned.

[Anonymous No.8486]

>>8276
Don't be so hard on yourself anon, you can't see the future. Just as easily, it could have been money down the drain.

[Anonymous No.8514]

>>2960
you people are fucking idiots.
enjoy the tulips, your family wont

[Anonymous No.8532]

>>3422
who actually buys porn?
this is meaningless

[Anonymous No.8559]

BUTTCOIN

2009 - 2014

RIP IN PEACE

[Anonymous No.8606]

>>8559
More like Magic: The Gathering Online Exchange
RIP In Pieces

[Anonymous No.8643]

>>8532
lol good point.

i bet the porn company is so happy SOMEONE is willing to pay that they will take any currency offered.

plus i doubt thats even a popular porn site. their only hope of staying afloat is a hail mary bitcoin miracle trade

[Anonymous No.8705]

>>7927
This is my thoughts on the current decline:

I regret that I didn't buy when the bitcoins were down the last time, so I'm sure as hell gonna join the next ride. Just waiting for the curve to turn.

Wouldn't you think there are a lot of people in this position, at least enough to get the ball rolling one more time?

[Anonymous No.8793]

>>8559
>MtGox
>Bitcoin
Pick one.

[Anonymous No.8795]

>>8705
I'm sure there are plenty of people waiting for it, but imagine how quickly that price is going to jump when people start buying it up again. Currently, being a broke nigga, ie, me, I already have trouble buying even a few coins.

[Anonymous No.8877]

the price just keeps going down

I miss november/december

[Anonymous No.8892]

>>8877
Coinbase stronk

[Anonymous No.8903]

>>8877

Before you kill yourself send your useless bitcoins here ;)

162NEHqkanPvU2B52 KtiPDSyDjLRaJRFxd

[Anonymous No.8904]

10% of sales at Porn.com are Bitcoin.

Interesting.

[Anonymous No.8913]

>>8795
CFDs is where it's at.

[Anonymous No.8924]

>>8904

It gives you an idea of how the majority of bitcoin users spend their time.

[Anonymous No.8954]

>>8924
Interesting 90% of Porn.com sales are dollar

[Anonymous No.8982]

>>8954
gives you an idea of how the majority of dollar users spend their time

[Anonymous No.9022]

>>6481

They aren't known to be insolvent, so probably > 50% fucked, but less than 100% fucked.

[Anonymous No.9041]

>>8954

Bitcoin users are much less that 10% of the internet users, yet they represent a much higher proportion of porn.com users.

lrn2 statistics

[Anonymous No.9724]

I'm a true believer. I'm holding. There's a lot of potential in Bitcoin that hasn't been exploited yet.

Maybe we'll get lucky and the speculators will dump and we can try again at having a real economy.

[Anonymous No.9848]

waiting for the gravy train to signal departure.

I'm thinking it's pretty close to lift right now.

[Anonymous No.9955]

guys..

are we recovering?

[Anonymous No.9997]

if >>9999 bitcoin will never recover
if >>10000 bitcoin is the future

[Anonymous No.10039]

>>9997
ya blew it

[Anonymous No.10046]

>>9955
nah volume just slowed down after the massive capitulation earlier

[Anonymous No.10100]

>>10046
so it's going down or up?

[Anonymous No.10165]

>>10100
hard to say, the panic selling has ended for the moment. but when normalfags wake up tomorrow and hear "BTC DOWN 60%" they might panic and start selling too.

[Anonymous No.10211]

>>10165
ah, good point.

[Anonymous No.10234]

Anyone here order neptunes?

got an order on the first batch, considering cashing it out and buying bitcoin instead while the price is low.

[Anonymous No.10239]

which is the best exchange now that Mt Goy went under?

[Anonymous No.10260]

"Just to update this thread, it seems that this discussion is mostly stale now. We (at MtGox) will implement this new hash index in our transactions database and start working with it (we will announce a maintenance as we will have to stop bitcoin deposits too during the database schema update) and will start providing this new hash when customers are withdrawing bitcoins, litecoins, or any other coin based on Bitcoin we may support in the future.

We will also provide an API that will allow our customers to use this hash to retrieve the transaction hash as seen in the blockchain once the transaction is confirmed, and will hope others (blockchain.info?) will index this value one day.

We also invite other exchanges and businesses which may need to keep track of bitcoins they send to use this same method, since dealing with multiple variations of the same thing wouldn't be very productive.

If nobody does it, we will also post some test vectors for regular (in=>out) transactions in the near future."


BUY BUY BUY

BUY BUY BUY

BUY BUY BUY

[Anonymous No.10287]

>>10260
>mtgox

>litecoins
wut?

[Anonymous No.10307]

>>10287
>wut?

He realized calling people "sour grapes" wouldn't reverse this selloff, so now hes copy/pasting cryptic messages from outside forums.

[Anonymous No.10323]

>>10307

I hear that huobi exchange is going to start trading litecoins also

pretty excited since I am almost 1/2 in litecoins

[Anonymous No.10331]

I am trying out metatrader4 demo on BTC-e for awhile and it's seems quite handy and I was wondering if I should do real trades with it?

[Anonymous No.10360]

>>10331
I put a few dollars in there once and I was never able to get it out. make sure you don't put too much into your metatrader account before you figure it out fully.

[Anonymous No.10482]

>>10360
Any particular reason why you couldn't withdraw? Is this still ongoing problem?

[Anonymous No.10528]

>>10482
it tells me "not enough funds" when I try to withdraw the 2 bucks I have in there.

maybe there needs to be a minimum or something but i'm not going to risk stuffing more money in there just to get my 2 bucks out

[Anonymous No.10598]

I've bought 100 coins under $600

Feeling pretty good right now

[Anonymous No.10626]

>>10528
Okay thank, I guess I'll avoid.

[Anonymous No.10651]

15k litecoin wall at 0.0258 slowly getting chipped. What should I do?

[Anonymous No.10684]

>>10651
set buy orders at 0255

[Anonymous No.10836]

>>10598
what is your cost averaged price now?

having several hundred thousand dollars in the BTC market seems risky, i hope thats only a small portion of your wealth...

[Anonymous No.10922]

Every time I see a bitcoin thread, I just shake my head and laugh.

You severely damaged losers are literally the Bronies of /biz/. You know, that sub-group of 4chan kids who obsess over the preschool girl show My Little Pony? You probably don't know since all of you pathetic losers are far too busy fapping to monetary fantasies and wishing that bitcoin prices rize to 1000.

Why on earth would a group of you no-lives cling heavily to something as sad as this? Is there some sort of mental sickness in you guys? Did you not have a childhood? Do you not have a grasp on reality? How can you allow yourselves to deteriorate to this?

At first, I figured it was one lonely kid making these threads and bumping all day while crying in the basement for being such a useless waste of life... but then, I realized this isn't one kid doing this. There are at least fifteen of you in these threads that are getting hard over the prices of bitcoin. There isn't any doubt that all of you autists are fat, out of shape, and friendless.

Is that the thrill you kids get from these threads? Is it the fact that you can laugh and sing and can't even get off of your bed to empty out your piss bottle? Do you not realize that this board doesn't exist for you and your buttcoin? If not, then WHAT THE FUCK IS YOUR FIXATION?

I'm speaking for /biz/ as a whole, and possibly, your families as well. Just stop. This isn't healthy. Stop now and try to live a regular life. How embarrassed must your family feel when they have to explain to your aunt and uncle that you lost all your assets playing in the jewcoin market.

Just stop already. Quit with the silly threads. OP, delete this thread. Kids, clear your browser history and sell all the bitcoins you have.

I am telling you this because I am empathetic and I care. Please listen to me.

[Anonymous No.10915]

I don't fuck with cryptocurrencies and I view you people as little more than gamblers and speculators, but to the people saying, hurr bitcoin has no intrinsic value! I think they couldn't be more wrong. Bitcoin is both a currency and a commodity because its anonymous, its a service in itself, because you can buy drugs and other shady shit with it anonymously fairly easily compared to real world currency. That's fair to say no?

[Anonymous No.10934]

>>10836
Avg price is $622 now

It's not a small portion of my wealth, it's a large portion. But I'm feeling good about Bitcoin reaching $30,000-$60,000 this year. I think I'll be vindicated.

[Anonymous No.10950]

>>10598
you rich bastard

[Anonymous No.10955]

>>10915
its value is backed by 1) lack of government regulation/criminal potential and 2) physical resources required/CPU power

[Anonymous No.10981]

>>10934
how old are you?

you dont have kids or a wife or old parents to take care of right?

if not then go for it, but if you have real responsibilities in your life i think thats a terrible idea.

[Anonymous No.10988]

>>10922
butthurt

[Anonymous No.11007]

>>10922
first copypasta of /biz/

[Anonymous No.11020]

>>10934
30,000-60,000?

Is this realistic?

[Anonymous No.11028]

>>11020
fuck no

[Anonymous No.11040]

>>11028
ok

[Anonymous No.11071]

>>11020
yes

[Anonymous No.11075]

>>11020
>>11028
It's quite realistic. The longest it's ever taken to move up two orders of magnitude has been 20 months.

Bitcoin will likely move up 3 orders of magnitude from where it's at now over the next 5 years. I think it's realistic to imagine that most of that will be front loaded on to 2014

A realistic market cap of $400 billion for 2014-2015

[Anonymous No.11105]

>>11075
Would you really want that to happen? I don't see a scenario where that happens and governments don't step in to try and regulate it, at that point you have more money in the bitcoin economy than the GDP of some states

[Anonymous No.11122]

>>11075
>Bitcoin will likely move up 3 orders of magnitude from where it's at now over the next 5 years.

Seems....delusional

[Anonymous No.11134]

>>11075
you are completely full of shit and you are only spouting this nonsense to encourage other people to make smaller, yet equally foolish, investments.

truth is you probably only have a few thousand dollars at most invested in BTC, and you have lost over half now, so you are doing anything you can to encourage more people to buy.

absolutely disgusting. you better hope there is no God because people like you will have a special place in hell.

[Anonymous No.11139]

>>11122
As delusional as the last 3 orders of magnitude growth?

[Anonymous No.11162]

>>11122
hes not delusional, hes a liar with ulterior motives.

[Anonymous No.11176]

>>11075
>this thing has done this in the past therefore it is going to do it in the future
>A realistic market cap of $400 billion for 2014-2015

[Anonymous No.11203]

>>11176
>A realistic market cap of $400 billion for 2014-2015

mite b cool

[Anonymous No.11241]

>>11139
http://lmgtfy.com/?q=pyramid+scheme

[Anonymous No.11256]

>>11203
but its 2014 now. you expect the value of btc to surpass western union, paypal, and Turkey in the next 11 months?

thats absolutely ridiculous.

it wont even do that in 11 years!

[Anonymous No.11273]

>>11241
This isn't a pyramid scheme! This i Bitcoin!

[Anonymous No.11289]

>>11256
i'm not the guy who said it would hit 400 bln

just posting that because I had it lying around.

[Anonymous No.11300]

>>11134

I've been at it for a couple of years. And anyone who has held bitcoin for longer than 3 months has already returned 10x on their investment.

Of course I wish I would have bought $100,000 worth a year ago when the market cap was under $1 billion. But I only put a few thousand in at that time.

Let's remember what we're talking about here.

Bitcoin is the world's most powerful supercomputing network. It's operation cryptographically secures and processes transactions of non-counterfietable tokens across a globally distributed decentralized network instantaneously for little or no fee. It is perhaps the most important development for the internet since the adoption of HTML, and it is not going away. Bitcoin has been described by the earliest pioneers of major internet protocols such as HTML and TCP/IP as a the most important development in the last 20 years. The innovations it brings were considered to be impossible only 5 years ago. Bitcoin is a major development in the history of computer science and mathematics..

So you're free to ridicule us all you want. Join the long line of trolls that stretches back through the powers of ten as Bitcoin has grown out of $0.01, $0.10, $1.00, $10.00, $100.00 and for a short period even $1,000.

Beyond the technical achievements, Bitcoin has a profound role to serve the victims of mismanaged economies.

[Anonymous No.11336]

>>11300

>#shotsfired

[Anonymous No.11338]

>>11300
you have a net loss in bitcoins and you are spamming 4chan with farfetched nonsense to try and convince people to buy in so you can recoop your losses

other boards would call you a shill, but here we should just say you are another manipulative, lying, moron.

stop wasting your time here and get a job with MSNBC. they only hire people like yourself.

[Anonymous No.11367]

>>11338
Thanks for adding to the conversation

[Anonymous No.11418]

So you have a hard time seeing 2 orders of magnitude out.. fine. Let's start with the basics.

Twitter is a ~40 billion dollar company.

Is there any doubt that Bitcoin is as valuable to the world as Twitter? If you're willing to imagine a global decentralized payment network with unassailable cryptographic security as a peer to Twitter, then we should be talking about a ~$3,000 bitcoin

[Anonymous No.11419]

>>11367
i added a realistic perspective, you posted ridiculous pipedreams & used a samefag response to make yourself feel better.

seriously, it is clear you are skilled at lying and decieving people. get the fuck off 4chan and go work for the mainstream media. atleast they will pay you for being a terrible person.

[Anonymous No.11454]

>>11418
Well, Twitter offers people content they want to view, which sells ads, which are a commodity. It's a bit more of a concrete service than what bitcoin provides. If you aren't buying drugs or speculating, there isn't much use for bitcoin for the average person.

[Anonymous No.11457]

>>11418
>Is there any doubt that Bitcoin is as valuable to the world as Twitter?

Yes, it isn't even worth 1% of Twitter.

Your samefag spam isn't fooling anybody.

[Anonymous No.11486]

>>11419

http://www.wired.com/wiredenterprise/2014/01/chrisdixon/

>Dixon, a partner with the big-name Silicon Valley venture capital firm Andressen Horowitz, is adamant that bitcoin could become the primary means of making payments on the internet, and if that happens, the price of a bitcoin will skyrocket. “I think it could be easily worth $100,000,” he says.

>That may seem crazy, but Dixon is not alone.

I'm glad we have someone in this thread that can tell Chris Dixon and Marc Andreesen how unrealistic they are.

I mean, what does Marc know? He just created the Mosiac browser (Internet Explorer) and Netscape. I'm sure you're much more insightful than him

[Anonymous No.11505]

>>11486

>He created Mosaic and Netscape
>Implying that's an achievement

Doing it first doesn't always mean doing it best or most intelligently.

Also, BTC is too heavily invested in as an investment vehicle rather than an actual currency to ever gain trust as a currency.

It's already over as a currency.

[Anonymous No.11515]

G-guys.. b-bitcoins are still the future, right?

[Anonymous No.11521]

>>11515
Yes, my child. We just have to believe.

[Anonymous No.11546]

>>11505
>It's already over as a currency
That's interesting. Please tell that to the people who moved $7million dollars around in the last hour

[Anonymous No.11578]

>>11546

Once price drops to norms, investor distaste will cause organized divestment to occur. You're already seeing this, with the slow move to litecoin.

[Anonymous No.11579]

>>11546
clearly it's because they were buying goods and services that were worth 6-7 figures each

[Anonymous No.11577]

>>11486
he said it could, not that it would

anything could happen. i could become a billionaire from shitposting on 4chan. doesnt mean that its even a remotely likely outcome...

besides, if those guys are such technology geniuses, why havent they had a big innovation since IE?

[Anonymous No.11585]

btc is at 385 atm. How low will it go, and what will happen?

[Anonymous No.11586]

>>11505
Well, you've convinced me. You're a much more visionary source of wisdom than those people who are responsible for developing the web.

Bitcoin must be over! Anon said so!

Isn't there another thread you can go be poor and socialist in?

[Anonymous No.11603]

>when debate doesn't work, i'll defeat them with samefag posts!

[Anonymous No.11601]

>>11579
> what is a transactions column

[Anonymous No.11613]

>>11585
MtGox will hang around in the 300's while the other exchanges flirt around 600. When withdraws resume from MtGox I think there will be a run on bitcoins as people exit. Perhaps 800-1000 dollars as the flight picks up.. This will be 150-ish higher than the other exchanges. My guess

[Anonymous No.11624]

>>11603
I'm starting to think that you don't know what samefag means. I think it's pretty clear who I am throughout the thread.

Samefagging, for those of you that are new to 4chan is when you try to create an impression that there is agreement with your posts that doesn't exist.

[Anonymous No.11627]

can'e believe retards are still holding onto bit coins. SR2 just stole a couple mil in coins and when they cash out this thing is going to drop to 100. Cashing out now before the crash, then buying in when it's lower, is the only logical thing to do at this point.

[Anonymous No.11635]

>>11613
wait you think a rush to the exits will cause the price to go up?!?!?!

[Anonymous No.11644]

>>11627
b-but muh 30-60k...

[Official Wrinkle Face™ creat(...) No.11645]

invest in my doubles

[Anonymous No.11648]

>>11577
>besides, if those guys are such technology geniuses, why havent they had a big innovation since IE?

I thought Skype was pretty cool. It managed to destroy the entire international phone calling industry. So yeah, he invested in those guys. That's after creating the web browser, which as we've heard in this thread is not really a big deal. So, maybe I'm just totally wrong.

What I've learned so far:

1) web browsers aren't important
2) bitcoin isn't important

[Anonymous No.11665]

>>11613
does anyone know when the withdraws resume?

[Anonymous No.11676]

>>11665
Who knows. Probably next week.

[Anonymous No.11705]

How do I get into the world of bitcoin? Best exchange, best client, best miner software?

[Anonymous No.11727]

>>11648
investing in skype & creating skype are 2 very different things

im invested in Apple, Microsoft, Intel, and Amazon but you dont hear me bragging

you are either desperately shilling to recooperate losses you have already incurred from "investing" in bitcoin, or you have drank so much of the koolaid you are shitfaced drunk & cant even think straight.

[Anonymous No.11731]

Holy shit, does this have relevance to what is occurring right now?
http://money.cnn.com/2014/02/12/technology/security/bitcoin-attack/

[Anonymous No.11743]

>>11676
yeah, I'm looking forward to it. Seeing what happens and all.

[Anonymous No.11741]

>>11705
Buy through Coinbase if your American
Download Armory

[Anonymous No.11781]

>>11134
you are projecting bro. face the daemons inside.

[Anonymous No.11801]

>>11727
Seriously can you go troll in another thread. You're upset about something and we can't help you here.

It is a widely held view that Bitcoin can very well grow to a hundred times its current market cap. This is not some oddball 4chan thing. I've demonstrated that to you by linking you to a Wired article in which two very well known venture capitalists make the same point. One of these venture capitalists is also known for having seen the opportunity in creating web browsers and p2p tech. I'm sorry you're not satisfied with this.

I encourage you to learn more about Bitcoin before you discount it. I would start with Satoshi's paper at http://bitcoin.org/bitcoin.pdf

I'm sorry you're offended by venture capitalists. I'm sorry that you didn't buy Bitcoin earlier and get to ride it up 10,000% a few times. But you can stop being poor today. It's up to you!

I would further suggest that you stop being a socialist faggot nocoins crybaby, gtfo and go back to reddit. But that's just a suggestion.

[Anonymous No.11811]

>>11338
you are still really angry. seriously, face the daemons inside.

[Anonymous No.11837]

I know one of the Bitcoin developers in real life. He goes to my college. He is only a junior and he's been coding for Bitcoin since it started,

I'm so jealous of everything you guys have no idea.

[Anonymous No.11872]

>>11781
if my assessment was incorrect why did he never contest it? he (you) copy/pasted a bunch of irrelevant nonsense instead of debunking it.

you are absolutely a shill. you admitted in this post that your cost basis is $600 >>10934

that is a 40% loss and counting. instead of just accepting that you made a poor decision, you are encouraging other people to make equally poor decisions with wild promises of riches that not even the most brainwashed bitcoiners actually believe.

now you are making lots of samefag responses to fake a consensus, but the fact is nobody is believing any of your bullshit and its not going to help you get your money back.

just cut your losses and get a real job. shilling doesnt even pay you well. in fact, you have lost atleast 40% of your money doing it, and its only going to get worse...

[Anonymous No.11902]

>>11872

You're fighting with a few different people.

I'm the guy who has an average price of $622.

[Anonymous No.11923]

>>11902
>mac
>>>/pol/

[Anonymous No.11935]

>>11902

And I can understand why I left you with the wrong impression. I've already taken profits back in November around $1100. I plowed back into BTC 550-700 on the slide.

[Anonymous No.11947]

>>11923
Can't afford a Mac?

[Anonymous No.11966]

>>11947
No, it's a shit computer for people with way too much money who need images to guide them to do anything. The only reason to get one is because they're good for music. And you're using it to BROWSE 4CHAN.

[Anonymous No.11984]

>>11966
Maybe if you had bought bitcoins a few months ago then you could have one too

[Anonymous No.11985]

just invested in a small amount of money bitcoins (got about .087)
do you guys think its going to rise up again in the coming weeks, by how much?

[Anonymous No.11992]

>>11985
$10,000 BTC by August. Just wait it out.

[Anonymous No.12006]

>>11984
Even if I had I would've bought a PC.

[Anonymous No.12033]

>>11984
>tfw spent $40 on btc in august back when they were $100 each
>tfw bought drugs immediately
>tfw bitcoins worth $1000 a few months later

who else has massive guilt over not investing or pulling out too soon?

[Anonymous No.12045]

>>12006
Yeah I've got a nice one of those too. But again, I'm a richfag, so I have a lot of things that you don't have.

[Anonymous No.12062]

>>12033
they are at 300-400 right now, so looks like everybody gets a second chance.

[Anonymous No.12075]

>>12033
I got over the feels.

Back in 2004 I was filling out a buy order on the Google IPO.. I think it was $90,000. My wife walked by and took a zero off the end before I submitted it. That stings more than having not bought thousands of bitcoins in 2011 for some reason.

[Official Wrinkle Face™ creat(...) No.12082]

>>71
>two digits
>basically dubs
nice
>paraphrase pointers

[Anonymous No.12087]

>>12062
>300-400
>mtgox price

not really relevant. but they're 580ish everywhere else, which is still a steal

[Anonymous No.12089]

>>12075
Did you beat her afterwards?

[Anonymous No.12101]

Down down, down you go

[Anonymous No.12105]

>>12089
Actually she ended up working for Google and we cashed out a few thousand shares at a 2005 strike price

[Anonymous No.12106]

>>12082
Who are you quoting?

[Anonymous No.12175]

>>8643
brazzers accept bitcoin now

[Anonymous No.12195]

[Anonymous No.12217]

>>12195
>Ignoring the $1000 shekel bubble

[Anonymous No.12233]

>>12195
>mtcox

[Anonymous No.12251]

>>12217
was made prebubble

[Anonymous No.12315]

>>12251
So why post useless shit, god damn fucking asswipe

[Anonymous No.12332]

>>12315
Don't you have a street corner to be begging on nocoins?

[Anonymous No.12343]

>>12315
Because it's accurately predicting Feb prices?

[Anonymous No.12427]

>>11635
I took it he meant the exit-rush will squash the price and that this will instigate a new "gold rush" of buyers

[Anonymous No.12470]

>>11635
>>12427
supply & demand

suspicion is that mtgox has gone fractional on bitcoins.. meaning there's not actually the number of bitcoins in storage that are showing up in people's accounts

after withdraws are opened up there will be a run on bitcoins to exit.. as the supply dries up the price will run up

if the exchange has gone fractional then the last 25% of coins available will be very very expensive

[Anonymous No.12547]

>>12470
>a run on bitcoins to exit.
can you clarify this please?

[Anonymous No.12610]

>>12547
well if you had $250k in MtGox what would you want to do to leave?

A) Wait 6 months to maybe get a bank transfer from them
B) Buy bitcoins for 20% over market and get out in a few minutes

[Anonymous No.12619]

So do you think he killed himself? He hasn't posted in a few months.

[Anonymous No.12620]

>>12610
That will inevitably end in a dump at other exchanges

[Anonymous No.12675]

>>12620
Yeah I think the price increase will be localized to MtGox.. It will die out at a 50% premium or more over the other exchanges if it dies

[Anonymous No.12698]

>>12675
My only problem right now is that it's rather hard to tell where the low is. It's probably not going to go below 500 for a longer period but all it'd take is some more bad news.

[Anonymous No.12754]

>>12619

I'm a supporter of bitcoin but he is an idiot and deserved losing that money.

[Anonymous No.12841]

>>8000
8000 get

[Anonymous No.12851]

>>10000

[Anonymous No.13033]

>Almost a 300 price difference between MtGoy and Bitstamp

[Anonymous No.13088]

[Anonymous No.13099]

>>13033
Why cant I arbitrage between exchanges?

[Anonymous No.13223]

fucking shit just jumped 50 just as I was going to buy

[Anonymous No.13372]

>still buying buttcoin
>just now finding out this board exists
well holy shit.

[Anonymous No.13927]

What the fuck is going on with the price?

[Anonymous No.13963]

>>13927
No one can really decide

[Anonymous No.13973]

>>3422
I can't believe people still pay for porn. You can find accounts on Google for free

[Anonymous No.13981]

>>13099
Exchanges have frozen withdrawals so they can sort out the transaction malleability issues without being ripped off. Mt Gox was the first to do it.

This is why the crash is happening, because people cannot withdraw.

Also, transfer times can take too long for arbitrage to really be effective, and also fees remove some of the profit.

[Anonymous No.14009]

>>13981
Exchanges? Which exchange has a freeze on withdrawals other than Gox?

[Anonymous No.14152]

That happy merchant when I had 1000€ in gox from a few months ago.

[Anonymous No.14453]

>>12619

wow, what a fucking tool

[Anonymous No.14467]

>2014
>using buggy crytocurrency

[Anonymous No.14496]

What proof of residence am I supposed to send if I live in my parents' basement?

[Anonymous No.14514]

>>14496
>What proof of residence am I supposed to send if I live in my parents' basement?
Telephone bill?

[Anonymous No.14516]

>>14453
>>12619
For all I know he's a confirmed troll.

[Anonymous No.14521]

>>14514
Now what would I need a phone for in this age?

[Anonymous No.14531]

>>14521
>Now what would I need a phone for in this age?
To prove your scammers you live in your parent basement?

[Anonymous No.14537]

>>14531
Touche. I'm not going to buy a phone just for that, though.

[Anonymous No.14545]

>>14496
I think MtGox knows most bitcoiners are loser outcasts, I guess it's on purpose they ask for this verification, that way 90% of bitcoiners can't withdraw their funds.

[Anonymous No.14567]

>>3683

Pizza for tenmillion dollars

[Anonymous No.14564]

the fact that the price is so low on MtGox is probably due to uncertainty of most people to ever get their coins out of there. in other words there's a general doubt that MtGox can't stand up after this blow.

what do you guys think?

[Anonymous No.14590]

>>14545
You think customs declaration for muh figurines is enough?

[Anonymous No.14650]

>>14590
Yes.

[Anonymous No.14690]

>>13088

Thanks anon, never knew about this and so far it seems to work well.

[Anonymous No.14696]

>Error: Please try again. 10 times in a row
Fuck you too, McGox. This is a sign from God that this shit will crash and burn.

[Anonymous No.14755]

what if when block when price goes down to the paradigm breaking moon

[Anonymous No.14764]

>>14755
then we're gonna be rich
bottom line: BUY BUY BUY

[Anonymous No.14870]

>>14764

>Demand at MTGOX exceeds resources funds are being increased (1-48 hours)

[Anonymous No.15649]

what's the fastest way to buy bitcoin with USD

[Anonymous No.16481]

>>15649
coinbase

[Anonymous No.16723]

>>14564
The only way to get money in and out of gox right now is fiat. People are selling their BTC for fiat at awful prices to get anything at all.
That said, I've been around since early 2011 and gox had the opportunity to run with my money more than once, the most well known occasion being the mid 2011 hack. They didn't. I'm 95% sure today is just another unjustified panic.
I for one love me my cheap bitcoins I bought today with funds from before the december crash.

[Anonymous No.16813]

>>16723
i like cheap bitcoins too, but i'll take them a little less cheap at coinbase, which isn't insolvent

[Anonymous No.16955]

>>10922
>I'm speaking for /biz/ as a whole

This board has been around less then a week and somebody already speaks for the entire board.

[Anonymous No.16995]

>>16955

>replying to copypasta

[Anonymous No.17024]

>buy bitcoin literally a week before they half in value
This is not the first time this happens. I feel cursed. At least I bought doge with them.

[Anonymous No.17170]

>>16813
I doubt gox is insolvent. And even if it is, I took enough money home already.

[Anonymous No.17198]

>>17024

>At least I bought doge with them.

[Anonymous No.17211]

/biz/coin when?

[Anonymous No.17212]

>>16723

>blames the bitcoin protocol for why they've closed withdrawals
>"we'll reopen once they fix bitcoin"

mtgox is done

[Anonymous No.17253]

>>17212
>mtgox announces that malleability has been causing them problems and shuts down its bitcoin withdrawals
>everybody else: gox is finished!
>turns out everybody and their dog is vulnerable
>it's just a flesh wound!

[Anonymous No.17287]

>>17253

amazing how no one but gox is being affected by this truly devastating bug

[Anonymous No.17312]

>>17287
Wut? Where have you been these last few days?
bitcoinfoundation at first:
https://bitcoinfoundation.org/blog/?p=418
but then:
https://bitcoinfoundation.org/blog/?p=422

[Anonymous No.17338]

>>17312
then why isn't every exchange shut down right now?

[Anonymous No.17489]

>>17338
Because the issue is fixable without modifying the client itself. You just build in some more validation for your transactions and withdrawals and don't use txids as keys.
However, since it can still bite naive implementations, it's something that needs to be fixed in the client itself in the long term.

Also if what I've heard about gox having no test system is true, they dearly need that shutdown time for long-standing changes. Wouldn't be too surprised if Midas came soon.

[Anonymous No.17554]

bitcoin protocol didn't change, and all exchanges other than gox are up and fine

gox is insolvent, thats their real problem.. they had bad accounting practices and transaction malleability exploited that.. gox was watching transactions to see if they hit the blockchain by watching an element of the transaction which could be changed..

so when transactions went out they were looking at some transaction id X.

an attacker could then change X to Y and hope Y got confirmed by the blockchain first.. this had no effect on the amount of bitcoin being transferred or where it was transferred to..

but Gox's dumb system wasn't checking the blockchain for the origination address + amount + destination address to see if it was successful.. they were checking the stupid transaction id .. so they were looking for X when Y was on the chain.. soooo their dumb system believed that the transaction didn't go through and they recredited the gox user with the amount of bitcoins that were supposed to transfer with X...

that user could repeat that process over and over again..

my guess is that gox lost 50% of their reserves to people exploiting their dumb code.. they're insolvent

[Anonymous No.17649]

>>17554
You'd notice that if you audited the amount of coins in your wallet from time to time, independently from tracking individual txes. Question is, did they do that and what client did they use for that.

[Anonymous No.17658]

>>6613
They aren't fucking stuck, KEEP TRYING. I had to try for a month to get them out but one day it literally fucking worked for no reason.

>address not a bitcoin address
>click withdraw again, changing nothing
>coins withdrawn successfully

[Anonymous No.17713]

>>17649

well lets say it's anywhere from 5%-50%.. either way they've gone fractional

people are so fed up with gox, that its possible we'll test the reserves in the coming weeks as withdraws are opened up

here's what to look for: If Gox opens back up with daily dollar value bitcoin withdraw limits, then they're insolvent. Meaning, if they say you can only withdraw $5,000 worth of bitcoin a day.

They will adjust that number to try and stem the tide and hope that it causes a greater panic, which would of course increase the price of bitcoin as people try to flee.. which would in turn reduce the number of bitcoins leaving, because fewer bitcoins = higher $ value .. and there's a limit on the $ value withdraw

their hope would be to ride out the panic

[Anonymous No.17777]

>>17713
> either way they've gone fractional
if it's 5% I doubt they've gone fractional, that's a mere ten times the exchange fee. Back in 2011 they covered bitomat's losses (17k BTC) with their spare change.

> which would of course increase the price of bitcoin as people try to flee
I don't think I quite follow.

[Anonymous No.18568]

>>17777
>I don't think I quite follow.
supply/demand curve would favor bitcoin over fiat because of the speed of withdraw.. lots of fiat chasing fewer and fewer coins (in their imagination if not in reality)

[Anonymous No.18568,1]

I was here.

[Anonymous No.18568,2]

Checking in from the 2020 bullrun. I'll be rich by 2030.

[Anonymous No.18568,3]

bitcoin plz

[Anonymous No.18568,4]

who else /niggerkiller/ here?

[Anonymous No.18568,5]

you had 11 years

[Anonymous No.18568,6]

I have 2 bitcoins and I am never selling

[Anonymous No.18568,7]

FUCK NIGGERS
FUCK JANNIES
FUCK TRANNIES
FUCK KIKES

[Anonymous No.18568,8]

>>18568,6
This ,fuck keynsians , bankers and jannies.