>people are unironically doubling down on a cryptocurrency championed by future slavers who advocate for complete removal of government and no human rights
>normies unironically go along with this because they fall for the shitposting about how everyone is gonna get rich, 10 Lamborgini's etc.
can't wait for the inevitable downfall
Other urls found in this thread:
Can someone say Ponzi scheme?
...
I have no idea why anybody would put money they worked for into crypto
I mined bit when it was worthless and I've enjoyed the free money but if I had actual skin in the game through all these dips I'd have been going mad with tension at the state of my retirement
if you want to get into crypto mine something that's only worth a buck right now and save a bunch of it
if it never blows up you lose some time if it does you're rich
mine but don't ever be a buyer
>Empires control the world through the supremacy and worth of their currencies usually backed by precious metals
>internet autists believe just cause some faggot had the idea to create a decentralized currency that the federal reserve has been beaten
It will be a sweet day indeed when reality slaps these morons in the face
JP morgan and other investment firms are already taking huge chunks of the pie for themselves
>m-muh sekrit club, no feds allowed!
they're too difficult to use and i'm worried about when governments outlaw them.
if they ban then won't that just create more demand? they would want it to sort of just die off with a whimper, or better yet, regulate it and profit from it
Fuck worrying about the fiat value of crypto. Its worth is in the architecture. We can have a whites only currency with no central reserve and no usury. There can be a whites only internet that no one can censor or deny access to. The power of blockchain in white hands will be staggering and enemies of the white race are trembling in fear. Their ability to control us will vanish forever. Our ability to organize under out racial interests will never again be infringed.
Be as skeptical of crypto as you want but start learning as much as you can about blockchain ASAP.
>having this uneducated of an opinion
yes goys, bitcoin just isnt for you.
how do you post without being able to read?
I still own like 57.something bitcoin
okay bait thread i'll bite.
fiat currency is generates by jewish banking cartels that literally distribute wealth on credit in an enormous fractional reserve lending scheme.
your precious capitalism is actually jewish creditism.
the money you think you own is actually not there. any substantial run on a large scale institution would result in a huge economic crash that would require even more jewish high interest credit to be issued to corporations and governments who have a more vested interest in keeping classist divides upheld than in Muh Liberty.
crypto isnt perfect but it should finally begin a trend of valuating our money based on its ability to serve its users, not its producers.
>still own 57 btc
totally man me too
>he didn't mine piles of btc for luls back when we all thought it was worthless
are you new to Sup Forums or is your PC just crap?
sadly I sold over 200 when they were only at $350
could have had a nice house
10 years and 4.5 million later, I love cryptocurrency...
>guy with the source code steals everyones coins
lol gg
no,
i've been here for years
if you have too then the "i mined a fortune back when nonody knew and then i spent it on weed dude lmao" meme is the most desperate form of merit-grasping here
nobody cares
there's a jew hiding somewhere changing the price every hour to whatever his heart pleases
>open source repository
found the abbo
almost,
its actually the chinese manipulating prices not the jews
MFW quantum computing is invented and blockchain technology collapses
>muh open sores can beat the financial elite
kek
I don't have time to reply to all the misinformation spread itt, but if anyone is actually interested to learna bout crypto then /biz/ is actually a good place.
not quite
the technology is realistically too far out.
by the time quantum calculating gains enough power to actually be used for breaking hashing algorithms, whichever popular monetary blockchain solution is around will inplement quantum hashing
who's a good goy?
you are,
yes you are.
i'll admit there is a huge effort on behalf of the elite jewish cultural marxists to undermine cryptos value by way of constant smearing,
and you are an excellent case for how it works,
however, the bitcoin network itself is about as supressable as the Internet is,
which, depending on how much you have studied computer networks, is controlled in a decentralised and global fashion.
having such disdain for open source programming is hilariously daft.
bitcoin was literally made to withstanding the global elites efforts to destroy it.
no it isnt
/biz/ is chock full of pink wojacks furiously attempting to glean gains on alt coins and ICOs
there is literally almost nothing of intellectual value there with regards to crypto
Not for the average joe, if your government bans it then stores, restaurants and shit won't accept it.
It loses its 'trust' value, which is the only thing that gives cryptocurrencies worthiness. If a seller doesn't have the certainty that the currency is actually worth something, they won't sell you their stuff for that given currency.
>crypto is based on the value of diat currency
>not realizing a private gold standard currency, similar to but manifestly superior to bitcoin, is the superior way to go.
crypto is not based on the value of fiat currency
like any commodity, stock, future, bond, or security, bitcoin can be valued against a dollar and bought.
tell me,
what makes Gold so superior?
tell me again how absolutely more useful gold is than any other natural resource?
tell me again why mining corporations that have been gladhanded contracts by ((((goverments)))) deserve exclusive access to produce the one precious metal that we all adore worshipping as our currency standard?
tell me again why using a rare non renewable resource is a better idea than a system where currency value is derived from the currency's utility...
the gold standard became a meme the day Nixon abolished it. you think the Romans valued it for its utility in smartphone circuitry?
please uncuck yourself.
bitcoin is redpilled, user.
was trying to learn about (((crypto currency)) but the websites are fucking to confusing and wont tell you how to start off on it what do you need computers or what none of these fucking websites will say it
Try learning the difference between supply & demand differential driving up a price vs a Ponzi scheme.
I just earn my money like a good goy. It's too late to get in the market now.
I'm just waiting for the inevitable collapse of everything.
>if I had actual skin in the game through
>own like 57.something bitcoin
Isn't that $250k? I'm pretty sure that counts as skin in the game?!
>too late
lol
>Someone says buttcoins are a ponzi scheme because an elite few own most of them and control pirce fluctuation
>this is exactly what happens with gold
Gold, the final ponzi scheme
its not too late.
look at the forecasts from a few years ago.
look at them now.
its not too late.
Go google Ponzi scheme pls.
It's not the same thing as market manipulation.
bitcoin's inviolability as a mean of transaction is it's intrinsic value.
I really don't see how it's downfall is inevitable...
would you care to explain?
how 2 get into bitcoin any links ?? ??
Satoshi himself said it's temporary or something.
If you don't like the major sellers buy smol time
>
you're uneducated
suuuuure
rule #1
anybody who says they mined a fortune in 2011 is a liar.
people that did that and are alive to spend about it,
are zealous crypto-maniacs that dont chime in with "we wuz Satoshis n sheeit"
on Sup Forums, everyone owns 6 gorillion coins
BTC is just a drop in the humongous pool that is financial assets. The technologies coming out of these reptilian looking semite is some of the most advanced in distributed consensus and encryption and these are the people who can make you rich in the coming years if you buy low and sell high baby.
>buy BTS right now it is going to moon btw
Its the exact opposite you dumb ignorant motherfucker
citation needed on Satoshi saying btc is temporary.
i know the quote you are trying to reference and i want to see you embarass yourself.
Delusion, the chart
not really if he mined them early. im assuming skin means taking fiat and depositing it ibto an exchange to buy coins, not using coins gotten through mining
great retort, fellow ethic Kekistani.
its getting pretty boring here tho,
maybe we should just go back.
cmon user lets go back this place is a drag
OP is correct.
>bitcoin is backed up by electricity
>one giant solar flare and you all are poorer than Africans eating mud
>buttcoinfags will defend this
They belong in
>leaf
If you know the quote why do you need me to get it.
please name one time the entire internet failed to work
please user
just one example
because you dont know it
and if you find it, you prove my point
>creating money out of thin air
If you buy into the cyrptocurrency meme you deserve all the money you lose.
>flag
This is some good supplemental reading, which really compliments /biz/
You just just throw away all your greenbacks user, that's how all of that was created.
how to get into crypto currency or is it a meme
X''''D
At such a point, the only use of bank notes would be to start fire
Most curreny is digital as well.
its a meme because still when you ask them how to do it they come up with random shit and larp thats impossible to understand because there makin up shit and lieing
you deserve cancer.
false. it is not created out of thin air. it is backed by electricity and computing power.
no we are making information into money.
information has never been money before.. Now imagine a future where like we can now send money to anyone anywhere in the world like you can send messages to anyone anywhere in the world and that is a paradigm shift user and just because you are a fat unintelligent retard doesn't mean you cannot still profit off this.
>learn your maths
> Introduction to Stochastic Calculus Applied to Finance by Lapeyre
> Stochastic Calculus for Finance II by Shreve
> Monte Carlo Methods in Financial Engineering by Glasserman
> Bayesian Data Analysis by Hall
> Dynamic Hedging by Taleb
> Identify coin. I trade volatility 90% of the time. Volume is key.
> Grab OHLCs 1m-5m through the exchange's API as far back as possible.
> Perform basic time series tests in R.
> If trend-, seasonal-, stohastic-, etc- reduction is possible I go ahead with the coin.
> Start developing the model in R. This could be a simple linear model (ARIMA+EGARCH), could be something more complex like SVMs or trees, usually its a combination/ensemble of models.
> Usually never go as far as heavy machine learning stuff like a CNN+RNN stack. Easier to find another coin than to make sense of the non-linearity later on.
> The general idea is to take a time series and identify the generative process. In other words, reduce the residuals to white noise.
> Once model is ready, reimplement it in python as a trade signal in mementum/backtrader (on github)
> The strategy can either rely on the model for everything or just listen for a particular signal and then close depending on some heuristic.
> Once done, run backtests.
> If backtests aren't working out go back and rewrite stuff until it works out.
> Once its all good, either rewrite everything in Erlang or C++ (rarely needed though) or just use python and start live trading.
> Monitor the strategy (all done automatically) and retire it once its starting to get "arbitraged away"
nice ad hominem
ill save the debate for people that graduated highschool
>he actually believes this though
>en.wikipedia.org
tulips werent a transformative innovation in computer science
you realize that your Dollar is so stable because that is literally the 1%'s job right?
to keep you conditioned and cucking for more credit.
ok shill
again
name one time the entire internet failed to work for even an hour
>thinking since it hasn't happen in only 30 years that it could never ever happen
kek
you better buy your pizzas already, faggot
Been loving these threads since '13. Stay mad
im a shill for replying to comments?
you literally aren't saying anything
you heard someone who maybe put some thought into a critisism regarding a solar flare and instead of considering the debate you just lambase my nationality and point out that i'm active in the thread
kys diet chink
Kek all the brainlets that think so amuse me.
It's a good thing you have internet in Nepal! maybe having a accurate opinion on cryptocurrency is still too much to ask...
This is very accurate.
K/Q could have been mentioned in the vicinity of R?
>when muh solar flares destorys the internet i'll still be able to walk down to Wal*Mart and buy a Big Mac
its all good man
if you think the internet is some fragile network and that literally no data is cached for safekeeping i literally can't help you
OK chill dude, just read what i'm saying and what i'm responding to... I'm pretty much saying the same thing as you.
I have already said it. It is backed up by electricity which is fucking stupid on it's own. I am not defending fiat currency. I know most of it is electronic as well but at least some percent are based on gold and rare metals. But cryptocurrency is literally a scam. If countries will block them like China just did, and other countries can and they will, then it will seize to exist. No need for a big ass solar flair. It is just an extreme case. The entire world economy around it cannot be imagined or be sustained unless you also manage and create a socialist utopia all over the world.
>Not wanting to own a slave harem that does all your household chores
Top pleb
There is nothing special about bitcoins. The Blockchain is just a fucking ledger, it's the same fucking thing as a guy writing shit down in a book except that it happens over computers instead. Crypto is a fucking speculation bubble just like those tulips and baseball cards and any other pointless piece of shit "collector" item. There is absolutely no indication that people won't fucking ditch BTC on the next dump and move to another crypto. Already we're being told to have an entire portfolio of crypto coins because "one may be the winner." Don't fucking try proclaiming that these things are going to save the world when the banks crash again, the dipshits who own BTC will sell them and crash the markets just so they can buy a fucking loaf of bread.
>K/Q
what is this?
>instantly send credits anywhere in the world at any time with minimal fees
vs
>(((banks))) have transactions once or twice per day at random fixed times
Says it all really
Bitcoin is over!
Finished!
Tulip mania!
Sup Forums btfo Bitcoin!
:^):^):^):^):^):^):^)
:^)
:^)
:^)
:^)
:^)
Crypto holders will literally be the new 0.1%; there isn't enough to go around for everyone.
tfw owner of a cryptocurrency exchange
good goyim keep buying those shitcoins :^)
>Not pink wojacking with the horde
AAAAAAAAA AAAAAAAAAAAAAAAAAAAA
...
>A couple of months ago i posted on Sup Forums that i was about to spend all my life savings on bitcoin
>this one guy kept ridiculing me saying i was going to lose it all
>i have now doubled my savings
Who is laughing now fucking bitch? HAHAHAHAHAHAHAH i wish i would have taken a screenshot.
>the money you think you own is actually not there.
No shit. The economy is spurred by loans and investments, we're not gonna give that up just so you can say all of your money is technically in the bank. The whole point of banking is loans, you tool.
proof of work takes electricity which is a very calculable metric
fiat is issued by whims based on fears of bank runs
i see what you're saying,
i misinterpretted your 'bank notes start a fire' comment
Keep sucking the government's dick there champ
see
Tulips also have none of the characteristics of a currency... even bottlecaps are better.
Also how are you going to send a tulip the other side of the world in minutes?
There's no reason for every single economic actor to dump BTC, except for another crypto.
Lol wtf.
80% of all bitcoins are still in the hand of anarchists and libertarians.
Libertarian.
Am rich.
grace be on bitcoin.
Buy my bags at over 9000.
>tell me again how absolutely more useful gold is than any other natural resource?
easier to carry than any liquids, gases, etc
minimal reactivity, not explosive, doesnt tarnish too easily
easy enough to shape into coins and shit
rare enough to where you cant just go outside and pick money off of a tree but there is (was) still enough to use as currency
also its superior to paper currency in that it actually holds a value, instead of being worth what we're told it is
jews hate crypto because it's basically the gold standard without needing gold
you vastly underestimate how many jews invest in crypto. money is god, not gold.
>twf redpilled about shitcoins but too poor to invest
Being college student suck, if I had money 2 years ago I would literally double my net worth