China has just banned ICOs, and now the cypto market is crashing

China has just banned ICOs, and now the cypto market is crashing.

reuters.com/article/us-china-finance-digital/china-bans-initial-coin-offerings-as-illegal-fundraising-idUSKCN1BF0R7

What incredible timing, eh?

Tell me about the cryptojew.
Why do people assume something made by man can't be manipulated by man?

/biz/ on suicide watch

Oh yeah it has nothing to do with their brand new gold/oil based currency.

What should people be doing now with Bitcoin? Selling/buying/holding?

how to manipulate crypto currencies: the lesson

Sell if stressed. Hold if bold.

Why would that affect this?

Hold out, the market will stabilize by next quarter.

Electronic tulips

Same thing you do whenever any bubble comes up. You steer clear.

HODL YOU FUCKING TARDS

time to shitpost on /biz/

/biz/ on suicide watch

Lol

Hold just like any time there's some meme crash

Told you NEOfags to sell

SELL EVERYTHING RIGHT NOW BITCOIN AND SHITCOINS ARE OVER SELL NOW ITS ALL GONE

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sure
at about a $1 a pop

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Buy low, sell high.
And when in doubt do the opposite of plebs.

HODL

HODL

HODL

SELL IT ALL YOU FUCKING IDIOTS DO YOU WANT TO LOSE ALL YOUR MONEY??

SELL EVERYTHING RIGHT NOW

sell it and buy mooncoin

Im going to go and tulippost on /biz/ like a colossal fag.
>MUH ONE WORLD ORDER CURRENCY
>MUH JEWS CANT TOUCH THIS
>MUH FUCKIN DIGITAL TULIPS

Invest in /biz tears/ NOW

Electronic money. What a ridiculous notion. I mean, anyone can make their own one up. It's just a popularity contest with nothing backing them up.

If these catch on the future will be grim. Imagine working for a company that pays you only in their own Bitcoin, and you can only use it with them. Like amazon workers for example. Jeff bezoz will literally own all the money.

>was just about to buy bitcoin

Always hold bitcoin you fucking moron.

hahahah

they do this constantly

its the Chinese officials insider trading

Can I finally afford a graphics card?

Not so fast. A lot of the growth of bc have been cause or the Chinese using it to hide money from government. Now that they can't you may see a huge drop in the coming weeks.

Sell at least some of it

/biz/ here

Down 45% of my life savings

Buy the dip

t. mooncoin miner

>falling for the crypto money meme

Even dumber than paper money.

it kinda works
i mean (fiat) money is just trust backed

but i agree with china banning these shit, look at OP's pic
that's $100b of "trust" in ????

China is going to maintain sovereignty on all fronts--physical sovereignty, diplomatic sovereignty, legal sovereignty, Internet sovereignty, financial sovereignty, cultural sovereignty, biological sovereignty, every realm that one can conceive the possibility of a sovereign ruler, the Peoples Democratic Dictatorship will tolerate NO alternatives. It's a fully formed alternative to the Western liberal democratic thesis. Chinese moral and political philosophy is 'Order vs. Chaos' oriented with bother Taoist and Confusion roots. Order IS morality. Chaos is the eternal enemy: entropy.

The Leviathan is a Chinese Dragon.

Every time chinks start investing, you know it's a bubble that's about to crash.

Friendly reminder the US east coast will begin waking up in approximately 50 minutes. Prepare for a shitstorm.

lol @ brainlets selling their bitcoins at every crash

1. Buy bitcoin now.
2. Get rich.

Cool. I was looking for a good chance to buy.

uhhh....

>paper money what a ridiculous notion

Buy more

>mfw too poor to invest
But I can still enjoy /biz/ tear

>mfw /biz/ is kill

THE HYPE IS REAL

sure if you're looking to do short term shit do whatever, but i'm saying the general idea with bitcoin is to hold it

THEY HAVE DONE THIS BEFORE

im not predicting the bottom, but it will probably rebound to $4200


plebs

Really wish I had that 300 dollars on me now
I’d buy a fuckton of bitcoins and sell them for 2000 next year
But fuck me and my luck in this shitty life

Sell some and buy when at its lowest. The real value of cryptocurrencies isn't defined by the Chinese market. It will bounce back

I'll be buying these fuckers once it hits rock bottom.

gonna get some for lulz

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some of the biggest holders of bitcoin are mid-level drug distributors

the reason that the price dives is because if they sell now, they can turn their 1 BTC into $4k of drugs and then when BTC goes back down to $800 a coin, sell $4k of drugs to noobs for more 5 BTC. then when it springs back up to $4k per coin they can do the same thing and end up with 25BTC

play that for the next four years and suddenly you can retire by spending about $5000 on startup costs (initial product, proper shipping, security, some product loss through customs) because of LARPers who inherited a bunch of money and didn't know what to do with it

dumping /biz/ memes

...

Well shit, I just cashed out last week.

most will go to jail first

t. went to jail

because they're idiots and think somehow a currency backed by wasted electricity and silicon is somehow better than a currency backed by men with guns who can force said currency to be accepted as legal tender

t. retarded nocoiner without a basic understanding of computers, economics, or cryptocurrency

You should hold so i can sell mine at a less declining rate.

Bitcoin is at $4300... This isn't a crash. Let me know when it's back below $1200.

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>t. hooknose desperately trying to shill his monopoly money so his portfolio doesn't lose value

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k, talk to you tomorrow

still can't get over a fact when this shit was worthless and unknown I didn't get 100s of it

fuck

IS IT A GOOD TIME TO BUY BC RIGHT NOW OR WAIT SOME DAYS FOR MORE DIP?!

>falling for the cryptojew

you deserve your fate

Is that even human?

no [cuck] idea man. but [cuck] why are you [cuck] talking like a [cuck] fucking weirdo?


iknorwite

letters you can feel and stuff emails is gay

Hopefully GPU prices will go down a bit so I can finally afford 1080ti

if the usa jewed me out of a living, i go to the usa and allahu akbar
if btc jewed me out of a living, i ???

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAGH

>If these catch on the future will be grim. Imagine working for a company that pays you only in their own Bitcoin, and you can only use it with them
this used to be fairly common

a cryptocurrency backed by gold would be worth something

or even backed by US dollars or something

but bitcoin is a profitable ponzi scheme im not saying people havnt made a lot of money

but its literally worth nothing

because theres infinite crypto currencies bitcoin isnt any better than shit coin

call me no coiner or whatever i dont care im just telling you the truth to delusional retards

even if youre a gazillionaire now congrats faggot i dont care about money jesus said if you store up wealth you are not rich towards god


u could be bill gates im not jealous of him

BTC is not capable of jewing you out of anything according to how it's been built

Fucking checked

you'd end yourself for getting played

>i have no arguments to explain in a valid manner why my electronic currency backed by literally nothing which cannot function outside of an internet connection and enough spare electricity to do the cryptographic equivalent of rubbing your prostate is somehow better than another fiat currency that at least doesn't need all that shit

at least guns can be used to hunt and gold/silver looks pretty. btc and its ilk have zero redeeming qualities

honestly if you are going to try to gamble with this kinda game you want to probably do it from overseas somewhere. some slav shithole for example

you can easily get heroin in eastern europe and move it to the US, the US and Canada are both getting raped by chinese fentanyl so operating out of asia is a stupid idea. and operating out of south america is always a stupid idea. southern and eastern europe are nigger-tier countries in terms of corruption and customs enforcement (assuming Moldova is still a country) , also that doesn't even begin to address the fact that once in europe it's easy as hell to move drugs around.

i wouldnt import drugs over the internet into the US in any significant quantity because there's a pretty good chance it's a honeypot, if you're in the US then you need face-to-face connects and then you can charge slightly higher fees for domestic-only shipping and ship fedex to first year university students who are too scared to go into downtown niggerville to buy a half gram of coke

>plans to replace and collapse fiat to serve as new global currency
>not capable of jewing

time to bail out of the "people rambling about shit they don't understand thread"

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Bitcoin is backed by crime. That's why Sup Forums has been talking about it for years. Bitcoins backed by child pornography, drugs, terrorism, etc. I insisted this many years ago just because it was so suspicious how so many people here were so involved and now it's a widely accepted fact that Bitcoin is most valuable to crime.

My prediction is that the Chinese may experiment with their own State crypto currency in the future, possibly after the petrodollar is done, and the Shanghai Cooperation Organization's economic bloc replaces the west as the center of world economics. Gold isn't really necessary when you can now create currencies pegged to their own scarcity. Then again, CPC control and the continuing status of financial crime as a capital offense, means they're at a lower risk of central-bank-caused currency dilution anyway.

this looks good

red = future

good luck

Gold has value because gold has real world uses

Bitcoin is backed by raw computing power. Does raw computing power have real world uses?

Nobody uses bitcoin for cp because it isn't anonymous. Drug dealers can tolerate the risk of using publicly traceable anti-anonymous currencies but pedos can't. Also drug dealers are not the main holders anymore, all kinds of Jews are invested.

Should I invest in NEM?

this is going to be an epic crash for all you bag holders

that would mean the value comes from the state power

something being scarce doesnt give it value

you will be able to press 1 button to start a cryptocurrency when someone makes a program to do that

does every single 12 year old who makes a currency with 1 coin in it make him a zillionaire for having it?

lol

And what about cyber crime? All those hacked hospitals had to pay in bitcoin.

So does this mean bitcoin cunts will finally go extinct from this board?

Invest in the NEO coin.