Cryptocurrency

Are cryptocurrencies the future? I admit I haven't been paying attention.

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trezor.io/
uniformlaws.org/shared/docs/regulation of virtual currencies/2015oct_RVCA_Mtg Draft.pdf
youtube.com/watch?v=A7TuFy0fcuw
bitcointalk.org/index.php?topic=1869961.0
youtube.com/watch?v=KAExa9P7hME
bancor.network/
twitter.com/AnonBabble

no
1 rumor, lose 20% market value

id be open to buying during this dip but ether not btc

I still prefer stocks

Bitcoin is. Ethereum is for soyboys. There is still a long way to go. Do some of your own research, wade through the fake news.

A legion of neets will become crypto millionaires in the coming 10 years. It's not too late if you have some OK starting cash.

i don't get it i buy 0.021432 whatever bitcoin for £10 and immediately buy drugs for 0.021432 bitcoin , i never care what it's worth.

This. To the extent you are just using it for transactions, you shouldn't really care what it is worth. Otherwise its a pretty risky asset to invest as it has no underlying value and most closely resembles a pyramid scheme. Who will be the last sucker?

it's sad all of the people buying into bitcoin planning to stay forever. just another government tracking tool to end privacy.

>its a pretty risky asset to invest as it has no underlying value and most closely resembles a pyramid scheme
Yeah, I'm very skeptical about it. I don't really trust anything anymore.

Not really, governments will eventually shut down all crypto fiat methods of exchange making cryptocurrency worthless.

>Are cryptocurrencies the future? I admit I haven't been paying attention.
No, because it's an interesting solution to any problem that nobody has.

The only solution it solves is money laundering, needing drugs or hitmen, or other illicit services.

I just got a job at the local grocery store. Define okay starting cash.

Is a thousand CAD more than pointless or did I miss the boat

Bitcoin will die. It is just a matter of time, even if the devs fix it. Governments from around the world will enforce regulations and bitcoin will 100% not comply. That is why Ethereum is the future, because it is backed by megacorporations.

Not decentralized privately owned cryptocurrencies, no. National Banks may start rolling out their own varieties over the next few decades though, but they'll probably just be something that only financial institutions use.

1 BTC is ~4193 USD right now

No. However I got 4 L3+s and I've been making bank so I'm happy with it.

wow so insightful thanks for answering my question friendo

I tried to buy some bitcoin this weekend, but the bank closed my debit card and now I have to wait for a new one.

or i dont know.... NOT PAYING TAXES TO THE GOV

DESTROY ZOG

There's no practical way to dodge taxes via bitcoin. Your job still pays you in USD and reports your income to the IRS. Unless you're self employed at which point you could just dodge taxes by using cash, negating the need for buttcoins

BUY RIPPLE (BTC/XRP)
BUY STEEM (BTC/STEEM)

Put 1k in each of these two and you will retire a happy man

The US Treasury Department ruled in 2013 that cryptocurrencies are subject to the same reporting and taxation rules as every other currency.

Point being I doubt you'll see a big return with 1000 CAD on BTC, just my opinion mate. Wait for crash.

The idea behind cryptourrency is trading without a bank, but now bitcoin has been taken over by banks. Now the Fed talks about using it and Bernanke is pumping Ripple. Ethereum/"sidechains" is banking.

Yes they are the future currency, the better question is will the jews take over crypto and continue to take a cut on every single purchase and sale.

BTC I'll repeat has been totally taken over as have the major forums, with an army of disinfo shills censoring and adhomming anyone critical. Bitcoin Cash is Bitcoin but you're banned from talking about it on any major channel.

If you have any understanding of the mining process of cryptocurrencies you would realize Ethereum is one of the worst, if not the worst coins on the market. They literally make shit up as they go. Bitcoin will die, yes. But so will Ethereum. Ethereum pretends to be interesting by saying its built for applications, but you can do everything on the Bitcoin network you can do on the Ethereum network. The only difference is that Bitcoin applications are built outside the network while Ethereum applications are within the network. Honestly the coin that will probably overtake Bitcoin is Dash.

>le ripple and steem merchant

I dont believe in cash I cant hold in my hand.

Nope, they are a speculative bubble akin to the Dutch Tulip mania.

They reason why they are not the future of money is because they are just digital fiat, without anything real backing them.

Crypto is a giant scam that only stays alive because people love speculating on imaginary shit
It will never be useful in reality though, the only way it'll take off is if a country makes a coin and that will be even worse than physical money.

I'm hearing big things are in the works what with the Chinese banning cryptos. First paycheck is coming in next week. If BTC drops below 4k by then I'll go all in, because throughout all the market controversy in china, the price has held steady, and I don't see it dropping much further before it begins to rebound

Bitcoin may be the smartest coin ever made, yet Google will shill the fuck out of ethereum.

China won't kill crypto. It'll be the EU and US going cashless.

It's fiat, but it is not administered by anyone with an agenda. More bitcoin is released at set intervals, and eventually the supply will end. It's not backed by precious metals, it's backed by a fixed algorithm, which is even more stable.

Instability in the market is caused by users, but it will never be worth zero.

Never seen a hardware wallet before?

trezor.io/

i recently started getting into this too, was thinking of buying it when its cheap and then selling it when the price rises

cryptocurrencies are (((their))) scam, a literal mark of the beast. The purpose of cryptocurrencies is to bring forward one world currency. Imagine the ease of taxation - just add another if statement, and voila - more guaranteed taxes for big governments.

Why the fuck are all the big players siding with ETH?

Which is exactly my point. No matter what their legislation turns out to be, the price will only fall so far. I really don't see it going below $3600 in the upcoming weeks

Neat. What do electrons feel like then?

so get in now faggot. Might as well be one of the neets who make it because of crypto. If you see where this is headed there is no reason not to buy in now.

Kinda feels like a really thicc debit card desu senpai

Because its (((their))) coin. Bitcoin applies to unlawful business practice, and so Bitcoin will be regulated or fazed out. All in the while ETH are free from sanctions.

>More bitcoin is released at set intervals, and eventually the supply will end.

Well that's where you are wrong. While it's true that Bitcoin is limited to 5 million coins by an algorithm, there is absolutely no limitation on the number of difference currencies that can be made.

>bitcoin was first

so was myspace

Yes, buy in now to be a part of the 0,1%

Fuck. Stop putting your money into cryptocurrency. It's bad enough we all use money based on the world jew, but the digital money jew is not backed by anybody or anything. Do you think those bits are going to still have value when the US or EU collapse? Not to mention China and North Korea own enough bitcoin to crash it permanently and make off with a lot of real money in the process.

Here's what the future of crypto-currency will be:

Changing mining so it consists of useful computation. I.e. the currency will hold inherent value. How? By letting any node in the network specify an encrypted holomorphic computation to be performed and an associated bounty, broadcasting the criteria for the computation being correct (verifiability), and then paying whom-ever solves the computation first. Then these pieces of completed computation, before they are sent to the requester, can be traded as derivatives (within a set short period of time like a few seconds).

I read something along those lines today.
China has legislated against bitcoin exchanges, apparently the Chinese government wants to implement its own crypto currency under its control.

Congrats you just described fiat currency

Yes of course they are. Everything has been eaten up by the internet... tv, music, books, education, next is banking. And as long as bitcoin stays decentralized it will remain king. China is very close to passing BTC as legal tender within their country. So my advise would be to load up before there is mass adoption.

No one in their right minds will find trading 0.00....1 bitcoins at a time practical, which is where it is headed atm.

I can't wait till all this digital monopoly money flops just so i can laugh at you faggots

gold and silver mein negger
don't buy (((their))) memes

And by not backed by anything real, I meant not backed by anything physical. It has no real world physical value (like gold example) - bitcoin's only value comes from the people willing to speculate its price.

It's already flopped
If you mean the price to go down that'll never happen though, there will never be an end to new retards trying to hop on board before the moon mission and there's no way to get billions of dollars back out without someone losing, so nobody will.

>completely decentralised currency
>(((their)))

Stop talking about things you know nothing off

No. The only reason it's blowing up is because it's a crazy volitility play and traders are making bank before leaving the investors holding the bags.

The value is that it is decentralized and provides disintermediation from the banks

I don't subscribe to the Sup Forums jew theory but if they are as accused they would like nothing more than a pure speculation market backed by air that appeals to uneducated morons who feed money into it with no idea how it works.
Crypto is not financial freedom, it is the ultimate ponzi

People are real.

Brainlets in full force

> BTC is (((theircoin)))
> please don't go into BTC
> good goys use Fed Buxx
> Fed Buxx = legit
> what makes Fed Buxx legit? Well - it's FED-bux, duh!
> Fed Buxx is backed by legit real money value systems
> BTC = pure speculation
> they will shut down BTC but also make it world currency mark of the beast
> BTC will fail because superjewcomputers will mine it all and attack the blockchain or some shit I overheard and never looked into but spew regardless to impress dumb people with semantics and buzzwords n shit
> Govt e-money will be immune to haxor
> just like cash is
> just like credit card is
> Govt = good
> non Govt = bad

The amount of panic surrounding BTC is so sweet. Enjoy your cuck paper, faggots, and I hope you die, literally die.

Also, the "Bernanke hyping Ripple" - kill yourself you insincere fakenews retard.

TL:DR; get the hell away from crypto, invest in 401K and WORK HARD, remember the magic of compound interest! Be a good goy!

BTC will win, here are some reasons why. Don't listen to people shilling their Dash or ETH Federated Blockchain Shitcoin bags. Also, BTC cannot be regulated by govs. It is regulated by the Bitcoin protocol.

>Still have the first mover advantage
>Most broadly accepted IRL
>Best dev team
>Longest track record
>Most secure chain
>Very low and predictable blockchain bloat
>Easy to run a full node
>Largest active community
>Hostile takeovers get BTFO every time
>Probably will have an ETF before everything else this year or next year
>The incoming updates MAST, LN, Schnorr, MimbleWimble
>Big amount of long term positive news

Fuuuuuuuuuccccckkkkk ooooffffffffffffffff

The cost of transactions for crypto-currencies are trivial compared to conventional money. Central banks would be stupid not to look at moving in this direction.

We'll probably see a future where each country has their own cryptocurrency-esque system with these private cryptocurrencies relegated to gift certificate status.

> US government: well, we'll emit our own crypto
>BTCfags BTFO

tfw cryptocurrency exchange founder

>US government: well, we'll emit our own crypto

WHAT???

OH MAN I CAN'T WAIT TO GUY FED-COIN OH MAN DUMP BTC GET THE FED-COIN RIGHT NAAOOOOO

Call for Autists! So these guys are trying to introduce REGULATION OF VIRTUAL CURRENCIES ACT
Here is their draft. THEY MUST BE HACKED INTO SUBMISSION. uniformlaws.org/shared/docs/regulation of virtual currencies/2015oct_RVCA_Mtg Draft.pdf

Redpill me on this:
Can a quantum computer just overtake the network by sheer computing power?

youtube.com/watch?v=A7TuFy0fcuw

Any not autistic retard investor would prefer fedcoin over btc

bitcointalk.org/index.php?topic=1869961.0

been buying btc since 2012

currently have around 300 worth (120 btc rest in alts)

AMA faggots

Government backed coins would be pegged to their local currency you dumb fuck.

>AMA faggots

C-can i buy a waifu with bitcoins?

Why aren't you buying BRIT?

Should I get into it right now? What's the future look like in your opinion?

I don't know all of the technical details about blockchains but I doubt the network is in danger. I'd expect quantum computers to be used to attack the encryption, but cryptocurrencies are popular because it requires many people to agree to confirm the transaction. If you have a bad actor who can break encryption, they will be ignored as a contributor.

i saw a site where you could buy russian escorts with btc

sounds like a shitcoin desu

yeah, maybe not this second but soon. If $4000 holds then you'll want to get in, if it breaks I do see $3200 on the cards.

honestly if you want to get in do a scaled order, go in maybe 10% every second day or something you're happy with. You do want to be holding in the next few months, years and decades

Bitcoin has been taken over by the Jews sure. But BCC is literally the chink fork of BTC that is centralized in China. It isn't the real BTC.

You are basically saying choose the Chinese controlled BTC over the Jew controlled BTC like it's the lesser of two evils. Buy Monero or fucking ETH but don't pretend BCC isn't a chink power grab by jihan and his sponsors.

>bitcoin costs a dollar per coin 5 years ago
>costs almost 5 grand for a coin now
>the only people telling you to invest are the guys who bought in when it was cheap

It's all a scam

Probably not.

Bitcoin is way too volatile (go to /biz/ right now, the place is currently more suicidal than /r9k/).

There's been a lot of alt-coins heralded as the replacement of bitcoin. None have come close and they all eventually crash and are replaced by the "next" coin.

Sounds to me like you don't believe in Britain.

I looked into Litecoin over some others, because they had the best tech for transactions.

Any money you invest NOW is basically just a flier. Assume the investment is gone and hope it bugs out again in the future for some found money.

Hard to rec it after 203958209% growth already happened

And how has btc been taken over by the banks? Please enlighten us...

No the complete opposite. PBoC had an internal whitepaper years ago stating the plan to adopt BTC as legal tender within their country as a means to control their population.

What about Litecoin?

That sounds retarded but if they do then isn't that amazing news for BTC?

Litecoin is my favourite.

Was my first margin call too, got liquidated going long from $4.5 and got rekt selling at $2

buy bancor or stay poor pol

Seems like LTC will hit 100 USD soon

this is your chance to be the new jews

If you didn't buy bitcoin when it first started out then its not a worthy investment

They have plans to legalize BTC because they need to use it as a stepping stone to a nationalized crypto. So China's big problem is controlling their 1.3 billion population. And they decided years ago that they can stop a rural uprisings in their spot by shutting off their internet thus cutting the people off from their money. So the best way to do this is to first introduce BTC to the public for mass adoption. Then from their they will enforce the new Chinkcoin or whatever it will be called. Yes, it will be very good for BTC. Also Japan got wind of the internal whitepapers and decided to try to gain market share of BTC over China, that why they were one of the first to accept BTC as legal tender.

>buy my bags
KOMODO IS THE ONE TRUE GAINS GOD

digital is the future

youtube.com/watch?v=KAExa9P7hME

quick rundown

this is your future

>flag
Thanks for acknowledging it at least

team israel making new world currency
bancor.network/

yea me too.

i expect 150-250 by the end of the year tbqh

Oh boy, are you jumping on this? Riding the jew wave seems smart