Is it a fad or will it truly change the world and is 1 bitcoin going to be worth 1 million dollar? I know some dude who bought 20 bitcoins when they were at 200 euros each and he says he ain't selling it until they reach 1 million. He says this is going to be in a few years, so he is just leaning back and doing a shitty job, dreaming of getting blowjobs from Asian hookers once the bitcoin reaches 1 million.
Is he wrong? Is he a fool? I mean, he must be pretty smart because he already made 100k, right?
Bitcoin is a speculation bubble. The smart guys will know in advance when to sell off their shit because it will be an orchestrated collapse by the institutional groups. Even the whales will get fucked when the institutions collapse this fucker. The flash selloff of Ethereum than ran it down to 0.10 per Eth should have clued people in as to how dangerous crypto is. 2007 happened and there was laws to prevent that kind of shit. There is no laws stopping a group from collapsing cryptos.
Kevin Peterson
They are forking off all these new coins like BitCoin Cash and BitCoin Gold and BitCoin Platinum and BitCoin Air. Is this a good sign?
Ian Davis
so how do you convert bitcoin to dollars ??? whit out the IRS nailing your ass do tell no prob buying the shit try selling
Daniel Bailey
They'll likely fail. Those extra coins will get a initial pump and dump then slowly trickle away.
Nolan Brooks
>orchestrated collapse by the institutional groups >Joo-proof, deflationary, peer to peer, non-government controlled, currency
Pick one
Parker Sullivan
>20 bitcoins when they were at 200 euros each and he says he ain't selling it until they reach 1 million
Zachary Flores
Why? This BitCoin cash went to fucking 850 dollars with a market cap of 14 billion within a few weeks and now is back to 300 dollars. What's happening?
Jeremiah Foster
basically: who knows the best analysis I've seen of probably bitcoin stable price is $300 US Still, jews have a history of rigging the game in their favor: take over art history in order to make paintings by their own favored artists more "valuable." They could work that magic here.
Regardless, it would take an epoch making disaster in fiat currencies to make bitcoin a stable alternative. in that case even holders of bitcoin would be fucked
Lincoln Jones
Because bitcoin can't be fucked up by (((them))), or [[[them]]]
pic mos def related
Leo Diaz
1 million is just 50,000 euros per coin. Is it so impossible? I mean it went from 200 euros to 5,000 euros in 18 months or so. That is massive and like 25 times increase. Can't it go up to 50,000 euros?
James Nelson
Neo-Tulip speculation bubble
EVERY bubble bursts.
Isaac Gray
Fuck off moron, the ONLY thing BTC provides is a shortcut around bank regulation. These laws are on the books to ensure that you're not making duplicate transactions or that the money isn't under legal dispute. This can take a few days or up to a month when transferring between US-EU or to Asia. So tell me, what happens when the banks adopt the blockchain technology and create their own crypto coin to instantly track and verify every transaction? BTC has no purpose in that world and fucking dies. The institutions will know LONG in advance when this will happen and switch from long positions to short as the crypto markets bleed out.
David Sullivan
100$ >they will crash anytime now 200$ >they will crash anytime now 500$ >they will crash anytime now 1000$ >they will crash anytime now 2000$ >they will crash anytime now 3000$ >they will crash anytime now 4000$ >they will crash anytime now 5000$ >they will crash anytime now
FUCK ME I WILL INVEST ALL MY SAVINGS IN BITCOINS. THIS IS IT. If they crash, well fuck me, bad luck.
Jonathan Fisher
TO THE MOON
Aaron Hernandez
I know people love Bitcoin because it fluctuates and you can buy some for 200 bucks and then sell it when it moons. But these qualities add up to making a terrible currency. the USD is not popular because it is worth a little or a lot, it is popular because it is stable, meaning in 2 weeks I can buy cheese for 3 bucks and in 6 months cheese will be maybe 2-4 bucks, not 10 cents and not 6000 dollars. It's a meme currency that people are riding the wave of until it gets some sort of stability
Charles Nguyen
en.wikipedia.org/wiki/Economic_bubble was an opportunity to make some dosh. You can make money trading the stock of a failing company. The people at the top were just the dumb ones who didn't know where it was going to stop rising.
Henry Johnson
quick name something you can buy with bitcoins!!
Cameron Miller
It did crash multiple times between those prices. I'm not sure what you are on about. It's not going to stay this high forever. People know this. Just relax when it dips even harder than it did last time.
Hunter Williams
>So tell me, what happens when the banks adopt the blockchain technology and create their own crypto coin to instantly track and verify every transaction
How does that stop bitcoin? You are allowed to have more than one road in town, user
You're mum Wait, no that was fags sorry
Charles Gutierrez
Because major financial institutions are investing in it to fend off massive inflation.
Aiden Myers
I dicked around with bitcoin back in the extremely early days, when they were chump change. Got a couple of hundred tucked away and just waiting.
If it crashes and they become completely worthless, I'm out ~$100 at most, if they sky rocket even more could be set up for quite a while.
Certainly wouldn't jump in at this point though, it's almost certainly the mania phase.
Liam Reed
>You're mum you are mum? >Wait, no that was fags sorry what?
Jesus Christ, You might actually be retarded.
Brayden Rogers
I might be retarded but you're most definitely new Fuck off back to aol, newfag
Noah Reyes
You are not converting anything. You have to register on websites to look for (btc) sellers and if you want to have cash you look out for buyers of btc that will trade you cash
Ian Walker
As long as bitcoins go back up again crashs are not a problem.
Dylan Reed
Money
Isaac Myers
mfw
Isaac Smith
>years ago when bitcoins were worth like 2 bucks some jew offered me a couple to do some basic internet tasks for him >i said no thanks
FUCK
Oliver Brooks
so its not really a currency. Its like a stock then?
Camden Evans
Word.
Since the 70% crash of '11, everything else has been just a speed bump. 6% fall? Getthefuckouttahere!
David Long
>It did crash multiple times between those prices.
I think the point is that, in contrast to the tulip bubble, the bitcoins end up going up again after a few weeks or motnhs.
Tulips went up massively in price and then crashed and for 300 years we still aren't anywhere near back up at the prices of back then despite quite a lot of inflation.
Nolan Rodriguez
>>/biz/ Drop ur bags there. They sure must be heavy, given this poor shilling attempt.
Robert Gomez
What happened to this piece of shit?
Wyatt Campbell
I wish I can go back in time and buy all the bitcoins.
Owen Wilson
ITT: jealous apes who can not think let alone two days in advance, but two years.
Xavier Sanchez
It's worth money because you can use it to buy drugs.
Jaxson Hernandez
>>years ago when bitcoins were worth like 2 bucks some jew offered me a couple to do some basic internet tasks for him >>i said no thanks >FUCK
Same here. I did some research and red up on them when they surpassed 1 dollar in early 2011. I set up my laptop to mine them but didn't get that far. I went onto a forum and said I would buy some for transfering some money via paypal, but then lost interest.
SHould have fucking bought 50 or 100 of them back then or at least mined some serious coins.
Thomas Anderson
>why the fuck is it worth anything?
people are fucking stupid
is that simple
let alone, they are the same people that make desicions on the economy, stock market, fiat currency and everything that has to do with value currency
Jacob Campbell
and kiddie porn or anything else thats illegal
Isaiah Morgan
>It's worth money because you can use it to buy drugs. But they busted Alphabay and Hansa and now the drug market int he darknet is all shit, I heard. I also heard the police is targeting everyone who buys in the internet to drive buyers back to the trainstation so that black illegals get their customers back.
David Russell
It's both, it's too unstable to be used as a currency because the price dances around too fucking much. "It's a store of value" is also bunkus because it's just fucking digits on a hard drive; it has no real properties aside from what people THINK it's worth. Even fiat currency can be used to wallpaper your house or as kindling if it eats shit. Crypto is outright useless except for transferring back and forth to eachother.
Angel Thomas
Not as easy as it sounds to convert them into cash. You would theoretically have a lot of money but you would have to find enough buyers first.
Logan Bailey
Cryptos will always be around, but.... something else may overtake BitCoin. In that case BitCoin will grind to a halt. However.... if it is a "fork" of BitCoin like BitCoin cash you will still be in the money.
Henry Peterson
>and kiddie porn or anything else thats illegal Isn't there anything legal you can do with bitcoins? Like anything? Like buying pizza and shit?
Owen Butler
>Not as easy as it sounds to convert them into cash. You would theoretically have a lot of money but you would have to find enough buyers first. You can easily sell 100 bitcoins on the i nternational markets. There is like serious trade going on, like 2 or 3 billion usd transfer volumes on average per day.
Oliver Lopez
Sup Forums pass
I just renewed it like a good goy and Bitcoin was a payment option
Hunter Brooks
Fiat, common goods, drugs, weapons, mcnuke miniatombomb, child labourer, whatever u want user. States like Japan or China already accepted it as currency.
Blake Clark
Alza.co.uk etc You can buy PC hardware , even Tesla car
Ryder Ortiz
I remember when the price of 1 bitcoin hit 60 dollars and everyone was screaming about the bubble popping. Fuck, man.
Xavier Kelly
And how exactly is he going to sell them to have that million dollars?
Jayden Bennett
Bitcoin has crashed like a hundred times on the way here
Juan Evans
>ITT we see a bunch of speculative bitcoin fags who don't understand economic bubbles If you see this and don't sell right now, you're an idiot. Now or sometime in the near future this entire thing will crash back to a few hundred dollars >Hurr Durrr it's a block chain you retard! It'll replace fiat currency! No it won't, fiat currencies have tax payer bases and armies to back up their value, bitcoin has a bunch of techies who think it's the greatest thing ever
Oliver Torres
>You can buy PC hardware , even Tesla car But why? Why should I not just use cash to buy this stuff? Cash is more stable than bitcoins are.
Julian Sullivan
Because bitcoins increase in value, cash always decreases.
Carter Perry
>And how exactly is he going to sell them to have that million dollars? exchange? bitcoin.de or some other shit
Nicholas Rivera
>bitcoins increase in value Unless people start using a bitcoin clone. In which case bitcoin wouldn't be worth more. It's 100% speculation
Liam Taylor
>Because bitcoins increase in value, cash always decreases. so bitcoins always increase in value?
Adam Perry
No, 1 bitcoin went from $0 to $5000 in a few years.
$50 will always be $50.
Connor Thompson
>Why is it worth anything It isn't. Its just money. Nothing but commodities (i.e. gold) has any "real" value.
But since Bitcoin has more utility than paper currency its possible that it will be implemented in the future and become semi-mainstream.
Levi Russell
>$50 will always be $50
Are you fucking retarded? Ever heard of inflation, faggot?
Evan Bell
People can't decide whether it's an investment or a currency. It seems like it SHOULD be a currency, given how most of its proponents try to sell it as one, but this sort of deflation is going to make it look like a shit option for currency.
Kayden Wood
>Bitcoin is a speculation bubble. Reminded me of US dollar
Landon Morales
>(i.e. gold) u mean food
Austin Perez
Inflation barely ever happens nowadays in first world countries.
Currency collapses are a rare site. Brexit will cause the price of Freddo's to go up by, what, 5p? Who cares?
Andrew Mitchell
it is printed on the note. it is literally $50 forever
Lincoln Turner
u mean garmonbozia
Robert Morales
Localbitcoins
Lucas Morgan
Bitcoin (and crypto in general) is a hilarious disaster that is a speculators dream. People just keep piling money into the well and it's inevitable that most people will never be able to draw it back out again. You have to remember, for every person making bank someone else is buying in at that higher price.
ICOs are a masterpiece of free money though. So many retards are looking for that 1000% moon coin that you can come up with any dumb bullshit and people will give you a million dollars just so they can get in the door early.
Christopher Bailey
Bitcoin: For some people to get rich, others must lose money.
Matthew Wilson
>why the fuck is it worth anything?
Probably because I didn't buy any...
Angel Morales
1 BTC is literally 1 BTC forever. Fuck off domme belg
James Allen
Huge market cap because it was the first pump n dump coin.
Colton Cook
Why the fuck is anything worth anything?
Because people decide that it is. You think re-sold debt is backed by anything?
L O L O L
James Price
I remember buying them when they were less thatn $100 and selling them, then they went to 300 and back to 100, i had countless oppertunities to buy in,
I feel sick
Nathaniel Miller
>888 what did he mean by this? >infinity >infinity >infinity will 1 BTC be worth billions in ten years?
Evan Mitchell
>the best analysis I've seen of probably bitcoin stable price is $300 US
Literally no one can predict anything at all when it comes to bitcoin.
It "could" be like when some people predicted the internet to fail... and look at it now - still growing.
Connor Adams
Anything off Newegg
Ryan Bennett
It's a pyramid scheme.
Colton Martin
Grow up mate
William Howard
>So tell me, what happens when the banks adopt the blockchain technology and create their own crypto coin to instantly track and verify every transaction?
If they were on top of their shit they would've; 5 years ago.
Cooper Bailey
>BTC are printed notes >dutch boereverstand
John Gray
>never heard of etherium before >It was $10 USD in May and now it's $400 Probably worth trying this out
Joseph Richardson
I remember when bitcoins were only worth $20. I laughed at the thought of virtual currency back then. I'm not laughing now.
Jason Perez
The norks have billions in Bitcoin which probably helps
Mason Watson
Ching chomg
Charles Rogers
...
Gavin Cruz
Difference is that the USD has the strongest army in the world to back it up Bitcoin has.... nothing
Easton Cook
What's the odds of hopping into the bitcoin market and atleast making some decent profit? It's wayyyy too late, isn't it?
Blake Fisher
>why the fuck is it worth anything? It isn't.
It's an extremely volatile stock, except it is not backed by anything.
Nathaniel Hernandez
Theres still a chance, creator of bittorrent is working on his own crypto that uses HDD storage instead of cpu/gpu cycles. Suppose to be way more efficient.
If I really was a chinaman it would only make me more trustworthy in relation to crypto since they run the shit
Dylan Allen
Leveraging wallets through ransomware? That's not a very viable long term strategy, that's Nigeria tier. Big holders aren't going to be caught with their pants down like that.
Juan Lee
>It "could" be like when some people predicted the internet to fail... and look at it now - still growing. Or it could be like the housing market leading up to 2007 when people said that we had entered a new economic age and the prices could never go down! Until they did...
Ayden Anderson
>tfw lost 45k euros because I went short 2 days ago after russians said they were going to ban cryptomemency >it went up to the moon today
JUST
Jeremiah Murphy
dotcom 2.0
Leo Ross
If you bought now an sold in like a few days or months you could maybe make a few $100's but it's pretty risky
Joseph King
Cryptocurrency solves the (((Federal Reserve))) problem. The Fed is how the Jew institutes his control over the World. Bitcoin might not end up "the king", but cryptocurrency will be the way of the future.