Bitcoin fags

bitcoin fags get in here

will bitcoin hit $1,000 again before end of year pol?

What are your predictions for it in 2017?

Other urls found in this thread:

coindesk.com/bitcoin-pizza-day-celebrating-pizza-bought-10000-btc/
cryptograffiti.info/
cryptocoinsnews.com/chinas-plans-launch-currency-might-affect-bitcoin/
youtube.com/watch?v=uFRWOPh55Jo
cryptocoinsnews.com/govt-realized-bitcoin-not-shut-says-u-s-federal-prosecutor/
twitter.com/NSFWRedditVideo

it will hit 1k before the end of the weekend.

It's being fixed to ~$1300, it'll then tank back down.

I thought bitcoin crashed and burned.

Who /litecoin/ here?

Bitcoin is hilarious.

Bag holders from years ago still hoping to break even.

I bought at $3, and sold at $550. Don't regret, as I actually got my money - people ended up getting fucked over my hacks and scams in the end

>tfw I didn't buy at ~600 dip (when bank got hacked)
anyway
How was it possible for bitcoin to recover from that?

Kek approves

fun idea to buy 1000 worth and sit on it for a few years. worst case you lost 1000 bux. best case you might make a few thousand.

not worth all the hype tho.

keep ur coins out of "banks".

That is alot of volume for one year! I wonder whats being bought?

Just 2-3 years ago people were buying at $1000+

I can't imagine the mental anguish some bag holders must have gone through over the years, waiting to finally break even, or dare to hold longer to actually profit - shit will crash again though.

Only a select few will make money from this huge rally

i have .1 coin

>falling for the cryptoponzi jew

pfft they'll never go over $1.00 why should I get them? It's just a fucking scam.

coindesk.com/bitcoin-pizza-day-celebrating-pizza-bought-10000-btc/

Remember the guy that bought a pizza or 10,000 Buttcoins?

Pfft, the people buying them for $1000 a buttcoin was the Federal Reserve and Chinese government. Both because they want to manipulate the cryptocurrency (or crash it because it's a threat to the Rothschild's central banking scheme)

Damn.. at 1000 per coin, I can't imagine it crashing anywhere below 100, ever again. Grats to whomever bought before the jump to 70...

yes. the more trump fucks with china and the fed keeps BTFOing USD the better for us

also india and venezula wont let people send money out of the country anymore so they are flocking to bitcoin to do it

There will probably be a large drop sometime soon, a correction after new years, and I would try and buy there. But its not for sure, we havent seen this before.

Bitcoin's marketcap is now worth more than more than half of the world's nation's currencies, and it outperformed any currency for the last 5 of 6 years.

>buying during a bull market

Are they retarded?

It will crash again, market manipulation's too rampant.

I mined about 7.5 back when it was new and sold around $800, don't regret it. After the price tanked I got suckered in to buying at $450 and washed out at $380ish. Market's too volatile, I'm sticking with ETFs and Mutual Funds now.

Take profits

>not worth all the hype

blockchains are censorship-proof and immutable, and decentralized. this is part of the next level of technology

Look at the exchanges..it's whales eating up all the BTC and pushing the price up.

This is highly unstable, a rise massed on nothing i.e. no new value added.

>Blockchain halved rose price $545 to $750 then dropped.
>China's currency dropped yest volume was low on the blockchain


This is all the whales using the hype to pump up the price and volume to sell. Be very careful trying to by in at this time.


>pic related

People dumping their $30k worth of btc and catching the sells to keep price high on low volume.

When should I buy boys? I see a future in bitcoin but I'm waiting for a drop to get in. 2017 SEC is gonna roll out bitcoin ETFs, and if more online vendors start accepting bitcoin (see: Amazon) I'm gonna be kicking myself in the head for not owning any

what's driving it though?
it can't just be speculation and hoockers on backpage

Nah, for those who knew that the inflated prices where inflated, but that the demand was increasing, we simply waited out when it lost 75% of it's value in five day, recovered to 30% next month, and then solidly became 65% for months on end with some variability. We made a killing on that, and you will probably do too. If you buy in the next from on may.

source?

i'm a little disappointed i sold, but i really wanted to recoup my losses.

>bought 1 BTC at $1000 before it crashed
>bought 7 more at $250, Sold 6 at $400 to break even
holding 1 for the next 30 years just in case.

It depends.
The fucking feds owns the largest bitcoin "wallet", so you just know that this will crash back down after being sold and then stay down for another year before getting another hike.

I currently "own" 50 BTC that I bought at ~610. So yeah.. I will wait for some time before selling. Hoping for atleast a 1100 reach.

Yep. More interesting to me is it's applications to taxation, and government grants of control.

Namely, how implementing a automated payment transaction tax while also making it possible for no records of said transactions to occur without those making it revealing it to the government for some purpose (say, a trading dispute), all by constructing into the coin this automated transfer whenever a coin is traded. Extremely expanded tax base with no need for large scale government records of all transaction (and by the design, you can make it so that it is anonymous to begin with),

Add destructive demurrage, make the code open source by law, make other government transactions only be able to be done by using said coins (payments for services, disputes in courts, etc.) and you have the best end for the cashless world.

Add in colored coins, and now property has the same benefits: you can trade anything without having the government on your neck, but you can still prove you made the transaction in case the government needs to figure out disputes.


The future is bright my friends.

Would have been wise to buy mid year before it started climbing again.

Now it's hard to tell. There are a lot of variables and a lot of new markets like Venezuela and India buying bitcoin at unprecedented rate but also a lot of holders that can manipulate the price.
Keep an eye out for dips.
I'd say to buy an initial amount if it goes down below 700 again. If it keep going significantly down after that, there's your in.

smells like pump and dump

What wallet is this?

The new Bitcoin supply got cut in haft about 2 months ago. Supply went down

I could of bought bitcoin when it was only 17 dollars a coin

You should buy as much ETH as possible and hold for 6 months. Also STRAT may be a good return.

What happens with ETH in 6 months?

>try to install the bitcoins
>50 gigs
>hard drive breaks

happened twice now I'm never bitcoining again ;_;

got a few when they were 100, made 10k or there abouts, then bought a few more when they were back to about 150, forgot about them now apparently its coming up milhouse again

always pissed at myself for not getting as many as possible, but this shit is a wave

>buying in at 610
guess you still win here but fuck man

>tfw you could have made real money if you spent 10k on AMD stock instead of AMD GPU's for bit coin mining

>buying fake money with real money

WEW
E
W

kek

you forgot the part where you
>sell your fake money for more real money it cost you

>buying real money with fake money
W E W
E
W

>buying fake money with fake kike money more like it.

NOT JUST THIS

the real reason is china, india, and others, they arent allowed to send any money out of the country

Trump is making the Yen (chinamoney) go down and people are flocking to bitcoin. Any place where the economy is going to shit, people are going to bitcoin.

It's a good place to store data forever that can never be modified, thats one new use. Most people use it for bullshit but many use it seriously.

Here is an example, there are many similar services:

cryptograffiti.info/


Also, this is the one place you can store money that the IRS cant take it from you. You can memorize the key or a long phrase and then delete your wallet and nobody can take it from you unless they torture you. Gold, silver, cash, anything else can be taken.

I know right? Same goes for NVIDIA , i bougjt few shares when they were 20 , now NVIDIA Is 110 and rising , made judt 500 $

Currently the total monetary value of Bitcoin is higher than about half the national currencies of the world, and has been the world's best performing currency for 5 of the last 6 years.

Meanwhile, dollars (and all other government currencies) lose value every year, consistently, because they are printed by politicians to buy stuff so that voters will vote for them.

You choose into which system you place your trust.

I've been out of the game for too long, I am going to have to start playing catch up with memes

I'm glad I put a bit of cash into bitcoin and didn't spend it all yet.

>when you and your friend made fun of the $0.30 shitcoin scam.

Never predicted it would explode but I still don't trust it.

Why don't you trust it?

>not having 3,000 bitcoin
???

FIAT IS DEATH
xDD

What? Yen is artificially held low. If anything Trump wants to force them to up value the Yen.

So they will be flocking FROM bitcoin by your logic.

It's all smutz in the air. As soon as the servers go down, Its gone. I like investing in gold and silver. Just incase shit hits the fan I can still use it. Now give me a shovel ,50 lbs of bacon, and a new wagon wheel. *slaps coin on counter*

Isn't it a bit strange that the total monetary value of bitcoin is so high, when it isn't actually used as much as normal money. Obviously it is almost only speculation.

And a currency shall not "perform well" it should be stabile.

this.
inflated bullshit paper / fabric that isn't backed by any precious metal.

wrong, anyone is a server and a shitload of people run it.

Its the largest supercomputer in the world by thousands of times

>As soon as the servers go down
Even a cursory understanding of how bitcoin works would help out with your problem.

I invest mostly in Silver / gold.
Only like 5% of my portfolio is in BTC. Mainly to pay for some stuff online without PayPal being an intermediary.

It's really not a currency, it can only support about 5 transaction per second, which is nothing compared to other payment networks. It's more of a commodity than anything. It could become a currency though with a second layer that allows for higher transaction throughput.

Shut up and stop backing this shitty Ponzi scheme unbacked "currency"

bump

50 gigs is not a lot.

Get a TB drive

I could have bought when it was literally cents.
I admit that was really stupid, but now its not worth investing in this anymore. It will crash, just a matter of time.

You dont understand what its really being used for tho. People are putting data in it, things that cant be censored, and agencies and others are spamming the chain at times to hide things like assanges dead mans key

It's backed by the biggest supercomputer in the world. Japan is working on the worlds fastest, at 130 petaflops, China has the worlds next fastest at 93 petaflops.

Bitcoin's nethash is over 1000 petahash now and it would take a lot of effort to stop it. Anyone can back up all the data and revive it at any time, its very resisilant and good for storing money outside of harms way.

Pump it baby pump it.

this is 2013 data, we support thousands per second and hundreds of thousands soon. at worst it gets backed up a little while but its still 100x faster than a bank

>falling for the kawasaki binary jew

when it dumps, get in the large serious altcoins for ez profits

Cryptocurrency is the future, if not Bitcoin it'll be something else similar.

mostly likely hungarian and / or CIA my bejeweled friend

China is working on their own, but with unlimited supply. People want bitcoin more because theres only 21 million coins total.

cryptocoinsnews.com/chinas-plans-launch-currency-might-affect-bitcoin/

Bitcoin said it might go up to 2000$ before 2018. I have some of my assets in bitcoin and silver.

youtube.com/watch?v=uFRWOPh55Jo

if they said i wasnt trumpin then you know they fuckin lied

Is this the guy who made bitcoin?

>servers go down.
Fucking idiotic.

I was looking at it at 12 or so, had no idea how to buy some, was weird, spent 3hrs and told a friend on skype lets just buy some, you never know. We were going to drop $500 or $1000 each for the fuck of it. Ain't that something?

Fuck I should have saved my money in bitcoins instead of dollars. I would have enough to leave now, fuuuuuck.

Prediction: The market is being manipulated by speculators, and all the investors rushing in will fund the big payout for the players before March.

Cap this.

it should happen faster, maybe in january... find a floor, then climb up slower. if that happens, we're going high

A steady rise in bitcoin thanks to the internet drugs market will lead to too the moonism, again, and it will crash again as it is severly manipulated by speculators who understand it will only ever be laggy pretend casino chip money.

When investors who get conned by speculators realize the long transaction times prevent bitcoin from ever becoming real, is when to cash out.

There will be less suckers this time so it wont be as cool and good as last time when the bitcoin reddit had a suicide hotline stickied.

>implying society can't ban possession of specific combination of bits

we could spread it via USB keys if we had to, or wrap it in all sorts of normal content

cryptocoinsnews.com/govt-realized-bitcoin-not-shut-says-u-s-federal-prosecutor/

Fucking lol

>we could spread cp via USB keys if we had to, or wrap it in all sorts of normal content
Have fun with 100 years of jail rape. If society really wants to ban something society bans it.

Who here had bitcoins on silk road before it got taken down which would be worth many thousands of dollars today?

then why do I make transactions with it?

it's only "really not a currency" if it can't support a transaction.

Only in Soviet Russia

thats nothing. thats everyday trading.

This is what I think.

The reason I think this, is because for the very first time I saw mainstream media telling people about how bitcoin is soaring.

That set off red flags.

I think what's happening right now is richfags selling their bitcoins to a whole bunch of gullible morons with some spare cash who've seen all the news reports on this. They'll sell their stashes of bitcoins to the suckers slowly over the next month or two and once they've offloaded most of it, news will hit about some serious issue in bitcoins' design. They'll have to wipe the entire blockchain, or start an entirely new one, etc.

I mean, transactions already take literal hours to complete. That's too long for bitcoin to be an attractive currency and it only gets worse from here on out. There's an actual limit to the processing that miners can do. Bitcoin is reaching its end of life and this is the cash-out.

If I wanted to gamble money, I'd put it, not into bitcoin, but into the other coins. They'll probably rise in value having been batter designed and secured than bitcoin was, but still attracting some of the pump and dump from bitcoin, and the manipulators involved in bitcoin will probably also dump some excess cash into them in case another bubble inflates.

bitcoin's a suckers' investment

Nigger they cant even stop torrents and pirating for the last 20 years, what makes you think they can stop an even more robust technology?

Bitcoin will probably do another supercycle, maybe 3k or 5k before it crashes again. 12 billion still tiny, but 100billion, if liquidity gets that high with support then people can move some serious value.

Central banks just can't let that happen, it becomes an existential threat.

It might be to late, but who knows, it'll be interesting to see governments attack the infrastructure, so far their attempts have been a dismal failure.

Btw if you have coins get them off any exchanges like Coinbase, those coins will be seized eventually. Remember gold was seized not that long ago in the US.

Post lolis. Pro tip: you can't.

probably a cryptocurrency created by the rothchilds, and then these idiots who say it'll never work will be driving the bandwagon because the media will tell them so.

God fucking dammit I should've bought some a month ago

they dont want to ban it or even regulate it too hard because they want to see what comes out of it. its like the birth of a second internet, which almost got heavily regulated in the early days also

Has anyone ever actually cashed out Bitcoin?

Oh yea a few millionaires were made from the early adopters