NO COINERS BTFO

hahaha he still doesn't own bitcoin as fiat enters hyper inflation

xDDD

fucking faggots

Other urls found in this thread:

coindesk.com/one-bitcoin-worth-ounce-gold-today/
news.bitcoin.com/bitcoin-shows-security-no-card-fees-better-businesses-consumers/
coinmarketcap.com/
blogs.wsj.com/law/2016/11/21/bitcoin-exchange-extremely-concerned-with-irs-effort-to-identify-users/
justice.gov/opa/press-release/file/914256/download
blog.coinbase.com/2016/11/18/protecting-customer-privacy/
youtube.com/watch?v=-hlN2nel5HI
twitter.com/AnonBabble

I'm not going to fall for your petty tricks toothpaste jew

It's not a trick, buy it if you're White, like right now, it will just keep going.

yeah and 4 years ago i used to be laughed at when i told my friends i was going to buy a manhattan penthouse with my bitcoins.

i now have over 4,000 BTC and they're all working shit jobs 50h per week

really jogged my noggin

Even the jpg you posted shows the erratic boom and bust of shitcoin.

This does not apply anymore, 1 Billion Chinese people discovering Bitcoin, it'll be like that popular Chinese music video with 1 Billion views, except applied to Bitcoin.

mite b true

i initially invested in bitcoin because it was the defacto coin of the black market

fiatleak.com boxscore:

China: 13,000 BTC
US: 730 BTC

Elapsed time: ~15 minutes.

what did they mean by this? ;)

dont forget the poo in loos discovering it because their idiot PM banned cash

really don't understand markets but its ok dude

doesn't the fact that bitcoin has no intrinsic value and can disappear from existence with the click of a button cause you bitcoin bugs any concern?

nobody puts all their eggs in one basket

>implying i'm not part of the 2017 financial revolution

not really because it can't disappear from existence with the click of a button as there is no single point of failure

Good for you. I've been familiar with it for that long but made a conscious decision not to hold/hoard.
I don't actively follow price movements but wasn't this about the peak before? Will bulls make up for the inevitable sell off by those previous investors?
The price is completely arbitrary imo

If I was you I'd have moved to a tax friendly jurisdiction to start cashing out by now

as opposed to your very valuable Euros or Yen or CNY or even Dollars *which is tied to oil*

lmao

"There are more people in the world who need a currency they can trust, than there are people in the world who can trust their currency."

It was about the same peak as last time. It's going to get interesting when gold parity is hit again. 1 oz gold right now is $1,171.97, 1 bitcoin averages at about $1159.31

Can bitcoins be spent on anything but dark net market purchases?

I mean just as fast as cash and without jumping through all kinds of complicated bullshit steps with fees and risk of being ripped off?

I in no way implied that any of those other currencies have any intrinsic value, it just seems to me that bitcoin has the same flaw they do in that it can be simply created out of thin air. What mechanism prevents the originators from just making more for themselves?

Yes, paying with Bitcoin is actually cheaper for consumer and merchant than paying with creditcard.

You can pay with btc on Steam for instance. I think overstock and newegg also accept bitcoin and a bunch more I forget. There are a bunch of lists online with stores/sites that accept btc

has bitcoin ever exceeded gold in value?

There is a hard cap of 21 million bitcoin to ever be created in the code. The speed of bitcoin creation is regulated by a difficulty algorithm that adapts by itself to the amount of people mining. Google has many articles about the process of how bitcoins are made.

how do canadians participate

w2c

Yes, but only once afaik coindesk.com/one-bitcoin-worth-ounce-gold-today/

nigga you can literally get a debit card and go buy your favorite gay porn with it right now

>Jew
lol the Jewish elite HATES Bitcoins because it's one of the only currency they can't control

Not yet but it's real close right now.

Do you actively trade it? Used to mine or hoarder?
I know of people who've been made multimillionaires by bitcoin and altcoins, thing is, I've always held the view of being too late to the party and no intrinsic value etcetc. Not going to beat myself up over it, but slightly annoying nevertheless, ngl

Google for how to buy bitcoin in Canada, there are a variety of ways, just pick which suits you best. Be cautious though, the price is extremely high at the moment and I wouldn't be surprised if it crashed again. Don't use money you can't afford to lose and spend a bit of time learning about how btc works and what it is.

>it'll be like that popular Chinese music video with 1 Billion views
You mean Korean, right?

not retail yet, but more and more online businesses accept bitcoin. doesnt really matter cause you can convert to USD with very little to no conversion fee.

Fucking chinese gold miners at it again.

>hyper inflation
Thanks Trump

I don't actively day trade, I think over the long term Bitcoin has a positive foresight. So I guess I'm a hoarder. Someone on Sup Forums advised me years ago to just buy one bitcoin and hold it.

If enough people do this it will be big and actually make a change in the world for the better.

I forgot to add; I did mine some altcoins for a few years but it was more of a hobby. I did actively day trade those just for fun.

BIT POZZED

WordPress.com
Overstock.com
Subway – Eat fresh
Microsoft – Users can buy content with Bitcoin on Xbox and Windows store
Reddit – For fags
Virgin Galactic
OkCupid
Tigerdirect
Namecheap
CheapAir.com
Expedia.com
Gyft – Buy giftcards using Bitcoin
Newegg.com
1-800-FLOWERS.COM
Fiverr.com
Dell
Wikipedia
Steam
Tesla – The car company
Sup Forums.org – For premium services
EZTV
Mega.co.nz
Lumfile
Etsy Vendors
PizzaForCoins.com – Domino’s Pizza signed up
Bitcoincoffee.com – Buy your favorite coffee online
Square
Home Depot
Kmar
Sear
Gap, GameStop and JC Penney – have to use eGifter.com
Dish Network
Shopify.com
Naughty America]
MovieTickets.com]y
Stripe

See I think it has interesting potential but that it would always be associated with silk road etc and not gain mass traction.

If I'm wrong I've set myself up to be the most bitter old man in history, but I just can't get this evangelical about it

the one major flaw seems to be that it can't be printed out. has there been any talk of a way to print it? it has some pluses, not being centralized, having a limit to how much there can be, easily transferred worldwide, but not being physical and not being universally accepted is scary.

that's fine bro, it's your call

>hyperinflation

This is the exact opposite of hyperinflation by definition you mong.

Inflation occurs when the amount of currency in existence increases without the value increasing. (See: central bank printing more money)

Right now the value is increasing and the amount of bitcoin in existence is basically fixed

Seems like everyone here is economically illiterate.

This shit will kick-off, when retailers, gas stations and amazon start accepting bitcoins. Until then, it's a meme and only profitable for persons who started mining/hoarding really early

There are some big names there though fugg

you can print it on a paper wallet, and it is possible to buy ''physical'' bitcoins in a way, but that's still just a coin with a public and private key on it.

I don't think there have been serious talks about actually printing them. Acceptance has been a problem for a long time, personally I think that more vendors will start accepting Bitcoin as the price rises and adoption grows.

Steam was a huge step forward for Bitcoin and hopefully this year Paypal will start to accept Bitcoin for funding of the paypal wallet

>gas stations
It's literally worse for this purpose than debit/credit card though

It actually does seem like a really good idea for a global monetary system. If governments used it a lot of the chicanery of govt money creation could be stopped.

>buying bitcoin
>not gold and silver

k, keep me posted

>30% increase
>hyper inflation

k

depends, paying with Bitcoin is cheaper than paying with credit card, most notably because there are no exorbitant credit card fees to pay.

news.bitcoin.com/bitcoin-shows-security-no-card-fees-better-businesses-consumers/

I played Ultima Online back in 1998 . It will take time to have the masses catch up with the gamer mentality. Life itself is a game. In Ultima Online I used a glitch in the game to multiply little stacks of gold bullion 60,000 gold coins every night as servers went down, i.e. a bunch of little pixels that people would buy on eBay etc, online for real cash. Bitcoin can't be duped and that is the inherent beauty of it unlike the games gold or fiat petro dollars out of this air. Had everyone known the hack in the game except me and a few people the developers would have fixed the bug to stop us from duping and if they hadnt and everyone in the game could dupe whatever amount they needed the price on rare items would have sky rocketed. Open you mind to the future of money. I experienced the power of digital currency back in 1998 and made a very good living selling digital currency so others inside the game could buy real estate, horses, food etc.

the funny thing is china is rebuilding the real silk road trade route irl and their mass adoption of bitcoin will eventually tie into it

k

so does every bitcoin have some unique identifier associated with it? it would have to wouldn't it? what would happen if you had to make change with bitcoin? would each piece of the change have a number that showed where it came from originally?

>implying i don't just scalp forex

i don't need your pump and dump crook-coins, faggot.

also, this has nothing to do with politics. fuck off idiot.

Buying now it s stupid . I bought 1 btc when it was 250 . Gonna sell it soon

A purposely said Chinese to see if the leafs here we actually Asians. Nice catch, eh.

I just meant in a practicality sense. The length of time until confirmations.
But actually in an economic sense, for the consumer at least, na. Paying for transactions vs cashback/airmiles and you get consumer/fraud prevention. Hmm

The way Bitcoins are stored are by public keys with accompanying private keys.

You can have as many adresses as you like in a bitcoin wallet, say I have one adress with 1 Bitcoin and for some reason my groceries would cost 0.12345678 Btc I would take out my Bitcoin wallet and pay. I can do this because I have the private key necessary (and unique) to acess the coins assigned to my public key.

The transaction cost gets deducted from my balance on that specific public key

when he said "hyper inflation", he was referring to fiat currency not bitcoin.

Bitpay is instant nowadays, for instance if you buy a game on Steam you get it in your library right away. No need to wait for confirmations. I don't really know how they do it, seems risky to me.

I am one of those persons who feels that speculating on currencies is inherently dishonest. I am more interested in an incorruptible currency that just serves as a fair medium of exchange for the real goods that make an economy. What I do not like about our current system is that it allows the people controlling the system to input imaginary labor into the economy which they get to spend for the goods of people who have inputted real labor.

>he hasn't gotten into ethereum yet

i'm talking about other currencies

fucking faggot good goy

what's that app called? looks neat

I keep telling myself that the bitcoin bubble is going to pop but I keep seeing it fucking rise and it pisses me off because I sold all my bitcoins months ago

Coinbase. Really great app. Super secure and keeps track of your btc and eth. Also lets you connect a debit card so you can buy and sell straight from the app. I've made quite a bit of money with it desu.

>>would each piece of the change have a number that showed where it came from originally?

what?

it doesnt have to since every transaction is public and for the public to see.

they just track how much is in all accounts in the blockchain

this run up is just the start of a new moonshot cycle. if the price makes it through the old 2013 high we'll see 4.5k bitcoin in 2-4 months.

dishonest for whom? its zero sum right?

that said nigga the big banks are rigging every rate

LIBOR, Silver, etc

markets aren't real anymore and haven't had price discovery since 2008

i agree on your fair medium exchange point

and marx would be proud on your "real labor" analysis

so, you have 4 million dollars?

you could live on that for the rest of your life

I wonder who came up with this idea. It is an astounding idea, I can't help but wonder what the motivation for it was.

So you just connect your card and buy the BTC or ETH and it stores it for you and everything?

The white paper of Bitcoin came out not long after the 2008 financial crisis

Gee.. I wonder (((((WHO)))))

it's pretty clear that bitcoin was a meme created by the jews to get good goys like us to create a massive bubble that they can profit off of

I wonder...

not really even close.

there will be another stagflationary global central bank collapse

must do whatever you can to save yourself

at least i have age on my side

I don't have much bitcoins, but now is not the time to buy, now is the time to sell. Buying in a fast spike is not a good idea imo because prices tend to fall back down and stabilize at lower values.

I'll stick to bitcoins.

Hahaha who /ETHERRIUM/ here?

Bought 1000 of them back when it was 3 - pop

God I remember being 22 in 2013 and making 15k when they reached 1100

Sold some and went to Croatia for a week

I have bought some more since then

I've been diehard since then

Pretty much. Super simple. I buy a bit at a time when the app alerts me that the price has gone below a certain amount and sell when the app alerts me that the price has gone above a certain amount. There is a very small fee for transactions but it's peanuts when you're working with larger numbers.

learn about paper wallets and cold storage. never trust third parties with your precious buttcoins.

Yes, I am aware the banks are rigging every rate. As to the dishonest for whom part of currency speculation, I would say it's dishonest to the taxpayers paying the interest on the speculated currencies.

I don't really think of my "real labor analysis" as being Marxist. I think of it like this. If I have ten watermelons to sell, I can sell ten watermelons for whatever price others are willing to pay. But the way banks work is that they can sell ten watermelons to a hundred people because they are betting that only one person in ten is going to come get their melon. It doesn't seem to me in any way revolutionary to suggest that allowing this is unfair.

I agree, wait for a price correction or be very very sure to be prepared to hold and be in it for the long term.

nice

i think he understood you hold 4000 bitcoin

>bitcoin
>real

what value does it even have?

God these threads don't same

Heard the haters in 2012 when it got to 100

Heard them in 2014 when it go to 1100

We're going to see 5-10k IMO

Who /STOCKEDUPLOCKEDUP/ here?

That thought worries me about the storage deal. This is what makes me always turn back to gold.

an average of $1166 per Bitcoin at this time, you can follow it here coinmarketcap.com/

>tfw you have been able to fuel Coke habits bottle service and word travel via Bitcoin gains since 2012

so none.

coinbase will be v&ed soon enough

best UI will fall

easiest target for DOJ / IRS

most mainstream too

watch out

blogs.wsj.com/law/2016/11/21/bitcoin-exchange-extremely-concerned-with-irs-effort-to-identify-users/

justice.gov/opa/press-release/file/914256/download
blog.coinbase.com/2016/11/18/protecting-customer-privacy/

I've wanted to try gold but I'm not sure how complicated the process is. Is it worth transferring my eth and btc to gold? It doesn't seem to fluctuate too much.

>$1166 per Bitcoin

so it went down... it was 3000 a few months ago

It seems very unjew in that there can only be a fixed amount of it.

Its going to crash when it does, once tht happens buy it buy as much as u can,
Bitcoins will be worth 50k in ur lifetime eventough thyll replaced currency even if u can only buy one do it


Just a friendly tip from ur 300mil net worth pol lurker

Yes, none. It's only worth $7 less than 1 oz of gold. So nothing.

jej ok

Notice how the establishment was getting really triggered over Bitcoin, and telling everybody it was going to collapse?

They are mad that they can't enslave goyim to the (((Federal Reserve))) or (((IMF))) anymore.

Yes, it's hilarious.

youtube.com/watch?v=-hlN2nel5HI

Where's this one peak and settle?

2012 was 100 peaks and 50 settle
2014 was 1100 and 400 settle
2017 5k peaks and 2k settle?

>>So, Bitcoin doesn't allow refunds?

Op: nope! Isn't the blockchain awesome oppossum?!

Ummm, so what do you do with it?

Op: I horde it because if you spend it now you're a fiat faggggggg (said while slurping on heavy bbc)

>>okay, so you get the coins and you don't do anything with them and have regular $$$s instead?

Op: yea, fiat is for faggggsss maaaaan *smokes weed straps on fedora*