BUTTCOINERS ON SUICIDE WATCH

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AAAAAAAAAAAAAAAAHAHAHAHAHA

still up 100%

t. 400 lbs NEET with no job/money of (((his))) own

I wish these short term speculators would fuck off.

rip

time to sell the 0.1 I earned this week

T I M E T O B U Y T H E D I P

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

No you fucking monkey it's up infinity percent since inception retarded idiot I made literally 1 quadrillion percent gains stay mad

>China
Not surprised. Probably some whale rolled out of bed and thought "oh shit time to sell everything for $30 so I can pay the government to get my family out of political prison for the third time"

I've never used bitcoin or even know how to use it. Don't people use it to buy shit off the dark web or something? I don't really understand the point.

Basically money that is free from inflation and government control, microsoft is accepting it for office most recently.

Bad for buying stuff off the dark web now.

1 BTC =$960 US dollars currently

Bitcoin doing fine

It is down nearly $200 overnight though.

As much as I love Bitcoin, massive swings like this do need some attention.

$960 is huge for it rn though.

It's literally a ponzi scheme not backed by anything. It only has any 'worth' because of people memed others into thinking it has any. If you invest long term in buttcoin instead of selling and bailing you're a fucking retard.

Seems to be recovering robustly, no?

My dear boy, BTC was around $200 for a year. Why do the poor remain so.

I suppose the saying you can lead a horse to water comes to mind.

I'll never understand the mind of the poor.

What are you idiots doing here; BUY INTO THE DIP, DAMN IT!!

Nope. I'm selling my entire stock. Expecting it to shrink at least another 30-60%. I'll buy back afterwards though.

For now it's selling time.

>still worth more than when I bought it

feels good

buy the dip faggots

up >100% for the last year

given speculation and volatility, not being down further is good, being as high as we are is great.

$960 is fine imo, if we want to go higher sure but I'm a leaf so I'm paying close to $1.4k/per when it trades a bit above $1k USD

well unlike a ponzy scheme you can always switch back, also you can actually buy stuff with it.

> If you invest long term in buttcoin instead of selling and bailing you're a fucking retard.

He said in 2012 before killing himself the following year

>tfw you heard about buttcoins in 2009 Sup Forums but never bothered to investigate what it was

What unironically happened to dogecoin?

dear niggers,

you may say delude yourself that the dip is just temporary, but the point is that due to banking regulations every actual financial intermediator on the world needs to base his required risk capital on (C)VaR-models
and those get fucked pretty badly by stuff like this (mega spikes) - thus, no financial institution is going to be able to touch bitcoins for the next 5 years even if they wanted

t. bergjude

>tfw people talked about it in high school a couple years ago
>didn't buy any

win some lose some

Called is sold 3 at 1200

Bitcoin is just a recurrent useless pump and dump pyramid scheme. Expect more carnage.

It has no cap, meaning essentially you can mine it infinitely.

It's lost most of its value, thousands trade for ~$0.70 last I remember.

Was an experiment, did some things like that one NASCAR thing, but once the novelty wore off people stopped caring.

Only a fool would assume bitcoin was just 5 years from being mainstream. If it does take off, we're at least 20 years out.

It will go to 650 and possibly 450 before the pump starts again.

See the whale room in action.

Good for scamming arts graduates who think IT is modern sorcery made by apple and think the blockchain concept is some sort of crypto socialist-anarchist version of the force in star wars.

Should I sell, I'm new to this? I still make a profit if I do

I hope it goes down to under $600 and I'll put about 15-20% of my savings on it and later spread to alt coins

>Should I sell, I'm new to this? I still make a profit if I do
Yes. you can buy back the great useless later for less if you actually want them.

Sell probably. if it starts to go back up buy, but right now it's down a lot and might go down more. Better to make sure you have money and lose out on some minor profits than have less money.

If you want quick cash sell.

If it goes down to $600 I'd be hyped as fuck because I could then buy 1.5 BTC with the stuff I've earned from online jobs over the last 6 months.

Might put on even more if it goes down that low

>It will go to 650 and possibly 450 before the pump starts again.

I hope so. I was prepped to buy around $600 but buying BTC is still fucking bullshit. Circle stopped accepting buy orders. Getting bank verified with Coinbase now, despite hating them.

>what is fiat currency

I shorted at $1000 and it kept rising towards $1200
But I suppose it was a pretty good decision in hindsight
I kept about 25% of the btc I originally had, and put the profit I made from holding it for a year on alt coins
No one can know the future, but the more you learn the better you get at analyzing the market and world wide situation
I hear people saying this is a pump and dump by the chinese, but I'm barely an amature in cryptocurrencies so couldn't tell you what to do except learn more all the time

I suppose you are right

I don't need cash, I was going to put it on an exchange senpai.

>be me years ago
>hear about bitcoin
>lol ok
>buy 100 fucking around
>go on with my life
>it peaks
>can access my wallet

> but I'm barely an amature in cryptocurrencies

same here man

Time to buy ! Great !

>>can access my wallet

then what's the problem friendo

Coinbase getting pounded by the IRS

Might not be a bad choice, but keep that in mind. Probably one of the few exchanges at does good stuff

where do you cunts track bitcoin value
and furthermore where is the safest place to invest?

>buying invisible digital money not backed by my economy, goods, or government
What could possibly go wrong guys?

Also I've been rolling with Bitcoin for 4 years now, if anyone has questions feel free to ask. I'm in /biz/ sometimes giving out large info dumps.

I have time since I'm sick today

What the fuck causes this? I don't know shit about money so this makes zero sense

auto correct on this dumbass Iphone 5
I CAN'T access it. If I could I'd have a fucking Iphone 6 rn

isn't poloniex good, that's what I use as my go to exchange, but I've never bought any with my own cash. Local Bitcoins isn't good, I got a grand for one of mine the other day no problemo.

>backed by computational power and electricity usage
>beliving the fiat meme
preev.com for easy aggregated data

The trick is to buy it a few years ago for next to nothing.

Looks like it's in a bull trap right now.

I'm sorry friend, have you tried calling some nerd IT guy?

whales dumping.

I'm not planning on hiding income regardless, so losing anonymity on the investment isn't a big concern. The bank transactions haven't been concealed either, so the Fed already knows.

B-BUT MUH EVIL FIAT CURRENCIES
dailymotion.com/video/x2ze8nu

$965 at GDAX. either go work that arbitrage or fuck off with this sad little LARP.

Poloniex is one of the better ones from what I've heard, a lot of people like the BTC/ALT leverage trading.

BTC-E, Bitfinex, Poloniex, Coinbase, all good exchanges, but keep in mind Bitfinex was hacked a few months ago so don't keep anything in it.

So it's "dude just print more money lmao" the currency?

How could they fix my phone if I'm on it?

but bitcoin is only valuable in terms of fiat currency. it's only useful in place of fiat currency and people who've "made" fortunes in bitcoins are only rich if they can translate it into fiat currency

fiat currency can exist without bitcoin but not the other way around

No it's the opposite. Eventually it will become a deflationary currency.

More like "hide your real world money in this thing to subvert FIAT money(whatever the reason) and the value grows or lessens by the amount of money in said system"

Criminals just happen to utilize it as well, its a problem. Other than that, thumbsup.png

you're retarded

>
> fiat currency can exist without bitcoin but not the other way around

nope. it's just most grocery stores aren't set up to take it yet.

BUY HIGH SELL LOW


METAllica WINS LAWSUIT AGASINT NAPSTER

MP3 IS HACKED

WILL COIN RECOVERS EVER RECOVER

It's internet money invented to buy drugs

He's talking about DOGE
Basically. Miners spammed it out and made it worthless essentially.
wrong

Bitcoin and fiat exist now because fiat came first, if Bitcoin came first it would be like replacing all mentions of "fiat" with Bitcoin.

A fully bitcoin-based economy could work, if I was able to go buy an apple for 0.0005BTC and pay for my gas with 0.006 BTC

This Metallica lawsuit meme will never stop being funny to me

Im up 100% in 4 months thanks to AMD. Bitcoin a shit

I still quadrupled my investment.

That's fine by me, it's different things. There's always money to be made somewhere. No point restricting yourself.

if bitcoin is so great an valuable on its own, why do people exclusively talk about it in terms of fiat currency?

even these threads are because a bitcoin could theoretically be exchanged for $1000, not that $1000 can be exchanged for a bitcoin

Are you Chinese? I ask because this is exactly what happens every day. My GF's dad, rich and corrupt, got jailed and it was just to make his family cough up $500k. They threatened to execute him and she was like, "he'll be fine, they are just shaking us down. We'll pay and he'll be safe for a few years."

WTF

time to buy

No dude he's talking about the wallet. What happened to your PC or wherever you stored your wallet?

Just follow one simple bit of advice. When you see shills in here for two or three weeks, posting "ayylmao why aren't you in BTC it's going to $2000 ayyy", it's time to sell quickly.

Same with Gold, Penny Stocks, or any other investment scheme.

Yeah, lel, I've got a backup plan for my hard drive, so if it crashes I just have to call up the guys who sold it to me.

Yeah, I shitpost on /biz/ can't really trust any of them to be honest senpai.

How do you buy it?

I thought if you used your bank account the bank might shut it down?

Because they can't go buy food using Bitcoin yet. Once that happens, people can start talking exclusively in Bitcoin.

This isn't a hard concept to understand.

German by ethnicity, Canadian by birth. I just know a good number of Chinese folks.

On a slightly related note, does anyone use OpenBazzar? I hear they take bitcoin, and have a wide selection of stuff.

when you inflate the bubble too much, it pops.

>Bought short at 1052

Biz isn't completely retarded, there are some good threads, but most of them are shitposting.

There is a fair amount of applicable information within their board, though, so I would be skeptical when using it but not ignore it completely.

Yeah, it's not bad, just got to get through the shitposts

It'll go back up, China is trying to create faith in its yuan for the new year. there's a lot of downward pressure on the Rmb. They're draining pension funds, just throw in Fed rates. Just wait.

If i get doppels it'll drop further

Still $1200 AUD.
I bought at $750 AUD so I'm bretty happy.
I thought the crash would actually be low enough I might be able to buy more, lol

Alright Youtube, buy the dip. That's about all, peace out!

So is this just the chinks messing around?

Used it once, it's a mediocre system imo. Doesn't do anything "better", aside from layering relative anonymity.

It's like eBay but no auctions.

Always is

China and Japan are the alpha markets of the Bitcoin world, and because of this their markets heavily affect everywhere else. Big movements start in China and ripple outwards.

As for why it's going down, again, probably some Chinese whale getting his family out of prison again. I haven't heard any bad news that could drive it down.

Not just China. Mexico and India don't trust their currency either, so they are constantly throwing their pooinloo on bitcoin.

Pooinloo exchanges are surprisingly isolated compared to the rest of the world. Most of them are quite localized, and very little is direct digital with people trading globally.

India might just be buying enough it started to shoot Bitcoin up the past few weeks, and we just started to feel its effects then, after nearly a month of buying pooskins.

Do you think it's going down further Sven? you seem to be familiar with it.

Rmb is going to get Fucking destroyed. They've been draining their shithe for years trying to prop their bullshit up and it's about to tank. People are scared so they're investing into buttcoin

Bitcoin is for
>niggers
>spics
>degenerates
>economic illiterate
>sweat shop workers in India or China
>retards
>commies and numales "rebelling" against the capitalistic system

seriously if you ever fell for this retarded scheme you should kill yourself asap