Bitcoin about to break $7,000

Another day, another all time high. You are watching fiat get replaced in real time.

>m-muh tulips
Bitcoin has already crashed. Multiple times. And every time it rebounds to new peaks in a month. It is literally the strongest asset on earth.

>m-muh regulation, muh no real uses
Already getting widespread adoption in Japan and South Korea, crypto credit cards becoming increasingly available, land and houses being bought in bitcoin, approved futures trading and massive influx of institutional money and business interest

>I-It's too expensive I'll wait for a dip
You said that at 3k, 4k, and 5k, now it's almost 7k. Get in or get left behind.

What is your excuse for being a nocoiner, Sup Forums?
If you are still holding cuck cash aka US dollars, remember in 10 years when your children ask you why you are living in a trailer, tell them it's because you didn't buy Bitcoin.

Other urls found in this thread:

hackernoon.com/the-curious-tale-of-tethers-6b0031eead87
medium.com/@bitfinexed/are-fraudulent-tethers-being-used-for-margin-lending-on-bitfinex-5de9dd80f330
youtube.com/watch?v=bBC-nXj3Ng4
youtube.com/watch?v=jnL8T8hqoDo
exodus.io/
forums.sherdog.com/threads/the-bitcoin-fraud.3646201/
twitter.com/AnonBabble

Wish I had put in more sooner.
Played around with small money since it was $1500.
Total put in is $10k and I'm at $20k.
Not bad but I know you can do that weekly on shit coin pump and dumps

>Not bad but I know you can do that weekly on shit coin pump and dumps

If you are skilled yes but the better option is to keep assets in crypto indexes

>buying into the beta version

so much is happening with cryptocurrencies, blockchains, etc. that bitcoin is going to be seen as archaic and dated within 10 years

I'm waiting for the 'Apple' of crypto before i invest. I've seen a few contenders pop up lately

Take your crypto crap and go away.

eth & ltc have gone nowhere

it's so embarrassing

FUCK OFF YOU BITCOIN RETARDS

STOP TANKING MY ALTS REEE

>when you sold your bitcoins at 50$

REMINDER:

People who hate Bitcoin:
>banks (aka jews)
>government (aka jews)
>boomers

People who support Bitcoin:
>Julian Assange
>Edward Snowden
>Ron Paul

It is truly /ourcurrency/.

Sorry to say OP but its flatlining rn and seems to be starting a downslope. I hope you didn't buy any.

user, it's in a perpetual cycle of head and shoulders patterns. It's about to crash hard again. Most likely to $4500 before rebounding.

This is fucking stupid
I bought 3 btc 3 years ago for drugs but ended up just keeping them
Someone threw away my wallet security phrase and my hard drive died
I want my money back

STOP MURDERING MY ALTCOINS REEEEEEEEEEEEE

>The entire fucking world still not understanding the ponzi scheme
All fiat currencies ALWAYS eventually return to their intrinsic value, which is zero.

it's not based on anything though, there's no power behind it. it's all based on exchanging it for real currency. it's retarded. the other currencies have value because it's backed by violence.

>You are watching fiat get replaced in real time.
bitcoin is fiat

How do I buy shitcoins

Gibe plox.

Circle or localbitcoins

I put 2k into a similar coin a little over a month ago. I've seen it go from under 1$ each to over 5$ each. Pulled out 8k and still have the remaining coins.

Nvm circle doesn't bitcoin anymore

I have around 10 or so sitting there from when I sold LSD. Can you transfer it back to real dollar money?

>be 75% in alts
>getting rekt
>stop going to /biz/ or anything crypto related so I don't weak hand and sell at loss since I know it'll recover soon
>go back to Sup Forums
>shitters with less than 1 btc are spamming threads here too
fuck off please there's a board for this already

don't even waste your time

You can buy a house with bitcoin, so without taxes?

I can't wait for inevitable stock market bubble to burst. Then theirs the housing market re-bubbling.
>I love my impossible-to-counterfeit commodity. have fun with all those gold certificates (worthless paper) and physical gold that is probably fake, but you'll never know unless you partially destroy it which removes the 3rd-party verification of it's value.

>hackernoon.com/the-curious-tale-of-tethers-6b0031eead87
>medium.com/@bitfinexed/are-fraudulent-tethers-being-used-for-margin-lending-on-bitfinex-5de9dd80f330
reminder that fake money is being used to inflate the price, investor beware

Reminder that the CEO of JPmorganchase said that bitcoin WILL hit 100,000 (one hundred thousand) before failing

Ding ding ding, this man gets it.

I can't wait until some autistic math genius cracks bitcoin into an analytical solution.

I'm too dumb to use bitcoin desu

Literally what?

cash is king, the last faggot who wanted to lecture me irl on bitcoins is in the hospital you are worse than the jews

And violence has the power to turn the electricity and internet off.

I've only heard of this in the UAE, anyone have better info?

do you know what fiat is?

Yes goy don't even waste your time, put your money in a bank like a good goy

>Get in or get left behind.
we'll be able to get some if it ever becomes a thing, personally I prefer to deal in precious stones, metals, art, toilet paper, and narcotics

let me know when your invisible coins controlled by military drug cartels are preferred to those instruments

> fiat money n. Legal tender, especially paper currency, authorized by a government but not based on or convertible into gold or silver.
So it's missing that critical "authorized by a government" part which seems pretty critical when convincing people to accept paper for goods and services. What is your point, how is bitcoin supply manipulable?

>daddy gubmint won't allow it so I'll just lick bootheel forever

That's what you own guns for idiot.

"Satoshi Nakamoto" is code for a floor of spooks in some unmarked building

t. brainlet that doesn't know to zoom out on the price chart

fiat money is money that is backed by nothing you stupid fuck

Cash is fiat. Physical silver is not. Intrinsic value is king.

Yes, but you might want to do it gradually considering the ATO will make love to your ass if you take it all out at once.

1 BTC is $8600 AUD at the moment. Congratulations on making $86,000.

Implying having a gun will magically restore the power after the grids are bombed.

Invest in bullet stockpiles instead of cybercash.

What most people are missing about bitcoin is that because it is literally outside the financial system, it is exposing the hyper-inflation of the USD among other fiat currencies.

They cannot manipulate it like gold. Gold should be $10K an ounce right now.

>cracks bitcoin

Bitcoin is essentially software brainlet. There are quantum resistant coins right now and quantum computers don't even exist yet. It is the most adaptable currency and will survive anything you throw at it.

can you buy a lambo with this?

Have you heard about modern monetary theory? It is a somewhat fringe economic theory of money, and is meant to describe our current economic system. If modern monetary theory is true, and it certainly seems like it is, then I am afraid the powers that be will crush crypto-currency sooner rather than later. If it isn't true practically, but is rather something that govt wants to implement to a greater degree, then the outcome is the same, and we are headed for global pseudo-communism.

I'll just leave this here.

>Bitcoin has already crashed. Multiple times. And every time it rebounds to new peaks in a month.
>It is literally the strongest asset on earth.
wew lad lmao

its a currency for people who understand it, those who refuse or arent capable to understand it wont use it, you will be a minority anyways

Some guy gave me $7 fo free a week ago here. Now it's $8. And now I regret not dumping all my money in.

If the US government sees it as a threat it is gone.

Fucking thether made the price hit. 3k

>Intrinsic value is king
silver is only valuable if someone wants it. Most of the value comes from the 3rd-party verification to say it's actually silver.
>if you sell it as raw silver it won't even be worth what you paid for it
enjoy your worthless shiny rock

Fiat is money by government decree and enforcement. Bitcoin has gone from nothing to 6k and beyond through purely organic market adoption. There is a difference. Bitcoin naysayers have been proven far more delusional than the "drummphff is finally finished this time!" crowd.

I have a freelance sidehustle that I get paid for entirely in bitcoin. Gov and the international banking cartel is going to do everything they can to shut this down. Can't have the goyim in control of their own money. Interesting times ahead.

"crash"
it's volatile because we are trading in full coins. Look at the shift for a single Satoshi and it resembles the stock market's normal ups and downs.

>>Fiat is money by government decree and enforcement.
read your Kindleberger you stupid fuck

Intrinsic value isn't a thing. Value is subjective. Gold doesn't have some magical property within it called value, it's just a pretty metal. The reasons people value bitcoin are just as valid. Bitcoin will continue crushing metals, people saying bitcoin is a bubble and it will crash to nothing will continue to look like retards equivalent to berners saying "he can still win!"

When tons of money is involved, people will get creative.

It's a small group of people who sees it as their ticket to wealth so they shill it hardcore. You're just playing financial musical chairs.

There are so many ways to verify silver at home.

>it's just a pretty metal
kek
nevermind it's electric properties.

Metal doesn't have any intrinsic value as currency. Currency is only valuable if everyone uses it and agrees to stick by it. Metal is only valuable as a resource for producing something. In a post-apocalyptic world it is even more worthless, nobody wants gold or silver in a total collapse. And while civilization exists, we have moved past using metal as currency, now its fiat, hopefully in the future it will be decentralized crypto currency.

Can someone post a link to a good resource or book about bitcoin and crypto currency? I'm finally curious.

>plz no bully

you're thinking of silver

>They cannot manipulate it like gold.
Bitcoin futures are coming soon.
They will be able to manipulate Bitcoin just like gold.

>muh kindle says
no fucks given. why would I read some brainlet who has convinced you to not buy bitcoin. I don't take advice from financial losers.

no I'm thinking of gold. the highly conductive metal.

>doesn't know who Kindleberger is
>trying to give financial advice
Sup Forums in one post

that's a jew.

>There are so many ways to verify silver at home.
yep, and then you lose the 3rd-party verification that sustains it's value as a commodity
>I already said this you fucking pleb
if you want to destroy your gold certification to test if it's pure, then enjoy selling the silver as raw at a much reduced price.

This is an easy watch:
youtube.com/watch?v=bBC-nXj3Ng4

And try Antonopoulos's videos on youtube, then read his books.

bitcoin is fiat currency. fiat is latin for faith--it means it can't be redeemed for anything particular (e.g., it isn't backed by gold, or can't be brought to a bank and exchanged soylent green or whatever). all currencies nowadays are fiat. the blockchain, being non-governmental, those are aspects that differentiate it from the USD, Euro, etc., but saying it isn't fiat is wrong and shows you're just a dumb parrot.

Guy on another forum posted a video about BC being a fraud.

"First, I bought back in July 2013 for $80, no sour grapes here. I think bitcoin will probably go up to $100k, if not $1mil. That said, bitcoin is the most epic scam of our time. 5 reasons why it is doomed to fail:

1. There’s a finite supply of coins, which means it’s inherently deflationary and therefore won’t be used as a currency because of price instability.

2. No one can know who made it and whoever made it is sitting on a huge stash of coins

3. The price is easily spoofed by bots trading between cryptos on various exchanges. Miners get all transaction fees and miners can therefore spoof unlimited times by trading between themselves.

4. Forks determined by miners. Miners have created the ultimate centralization. The miners who control the hardware for sale always have the edge and may have preferences for their own network. No one can know how many miners are subsidiaries of each other. Miners can create forks at any time to artificially inflate market cap.

5. USD is a small portion of market cap. Most sales are to alt-coins. Try selling on coinbase when price drops. Even if prices goes to $100k, you will only ever be able to get a limited USD out per day, maybe you’ll get $30k back if you’re lucky.

video to explain in more detail:"

youtube.com/watch?v=jnL8T8hqoDo


Make me wonder a bit, I'm sitting on a lot of them for seven years now, (never sold one yet either) just watch a tiny investment grow insanely and feeling pretty damn stoked. Any thoughts on his predictions?

I can go to a coinshop and exchange it for daily price, if I want. Doesn't take long. Silver keeps being silver and it's value will increase, because it's finite and is increasingly used in tech, even more than gold eventually.

fiat BTFO. bitcoin is just better money. the weak should fear the strong.

if only there was a cheaper, more conductive metal than gold
like uh
I don't know…
copper.
>jews are so good with money fucking JEWS FUCK
>heh we should learn NOTHING from them so we stay stupid niggers

>Guy on another forum
k. keep me posted

google the white paper. it's literally 9 pages long, and half that is diagrams.
>lazy niggers don't deserve future money

btc's value is 99.9999% hype. It has zero use outside of a medium of exchange. The only reason why people shill it so hard is because it represents their hopes and dreams.

Value comes from being useful. Btc has no use outside of trade. Btc supporters are closer to people who said the housing bubble would never pop.

i hope the best for your shiney rocks.
>literally mine more

How high can it get? Will it ever reach 100k?

Gamblers are tired of JNUG I guess.

It might hit $7,000 but it will come back down to $6,000 afterwards, that is the historical trend. It hits a new high, dips, hits it again, repeat a few times. It won't hit $7,000 and never come back down.

By that logic we should be using some kind of ultra rare material with highly valued properties as currency, nobody will have to carry more than a fraction of a gram even to make big purchases. Nobody thinks gold is good as currency because of "muh electrical properties" especially since nobody uses it for its electrical properties outside of specific industries. People just unironically believe it has "intrinsic value", so its value is actually tied to the fact that everyone THINKS it has value, which is no different from fiat.

I think bitcoin is not going to last to the point where it replaces any currency, but it is a very good proof of concept. It proves that if the entire world switched to crypto currency, it would absolutely work. It shows that fiat is not the system we need to have, and that there is a much better system.

>btc's value is 99.9999% hype.
it can transfer wealth anywhere in the world in minutes without multiple banks processing the money transfer. The cost of transfer is super cheap compared to fiat.

You can buy a house in anything in the Netherlands, and I assume in Germany too.. You want to buy a house for tonnes of cheese or for shiny beads and shells, just draft up the documents and go right ahead. You can forget the not paying taxes part though. Any transaction you make in things that are not currency just get translated to the value in currency, and you're taxed accordingly.

If you mean: Can you buy a house with bitcoin without anyone finding out and thus dodging the taxes.. Probably. It's just that in such a case you haven't actually bought a house, at least not in the Netherlands. One of the main elements of selling and aquiring real estate, is putting it in your name via notary in the official registry.. Good luck doing that without the tax-man finding out sooner or later.

>What is your excuse for being a nocoiner, Sup Forums?

I legitimately have no idea how to get a wallet.

That's not really the point. The point is that btc has no external force or intrinsic value behind it. It's literally digital monopoly money.

I really hope Bitcoin sticks, but I'm afraid the powers that be are not going to let it slide.
I would cash out if I had made sick gains.

have fun being a stupid faggot

yep. I think it will dip sub-6K before slowly growing back up to high 6K before staying "stable" for a week or two. then it will grow for a bit, shrink, rinse repeat.

Proof that the "audit the fed" bullshit is pro-russian shills here. Returning to gold standard does nothing but fuck the US.

>ultra rare material with highly valued properties
Gold

real talk dude do you have ALL your assets in it?

>I legitimately have no idea how to get a wallet.
exodus.io/

>russian bank gains gold
>russian citizens are starving to death on the streets while putin robs them blind
noice

forums.sherdog.com/threads/the-bitcoin-fraud.3646201/