Get your popcorn ready

It's crashing!
Haha!

ohmyco.in/charts/#/gemini/BTC-USD

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youtube.com/watch?v=3WD7Nq8tZF0
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>Climbs up to 12k

It won't crash until the last bull says it is bullshit.

It will crash once some news comes out that makes all the bulls shit their pants and want to get out. Things like "Trump outlaws bitcoins" or stuff.

...

You know why btc is shit? Because anyone can run a pumping botnet on it without the police shutting him down.

Not to mention that these are Chinese botnets. By using btc you are literally funding communism in China. Just saying.

i always wondered how something could have value when anyone can get it by running a cpu for long enough

what does running the cpu do to create wealth?

Consume energy

If you dont know what the fuck you are talking about trying googling you fucking moron

>what does running the cpu do to create wealth?
Jewish tricks and global warming.
That GPU/CPU power could be used for science but fuck that.

>I don't know either.

It is your reward for processing transactions on the network

Same thing happens when indexes hit new milestones. People short and there's a small dip associated with it.

Adoption rates of bitcoin are steadily rising though.

It's not as bad as it looks.

it doesn't create wealth it's a store of people's wealth. the more money put into the block chain the more money it's worth.

energy credits i.e. currency based on the amount of energy an individual spends has been a technocrat/globalist's wet dream for decades

>crash

Its a dip, you dip.

Bitcoin will be 50k by the end of the next year. Get in during this dip or be forever a no coiner.

MFW George Soros bets against Bitcoin crashing
and gets even Richer.
>mfw when i have no face

>its crashing guys! Just look at it!

>t. financial illiterate redneck who actually thinks he outsmarted professional investors by running a program on his 400$ laptop

>crash
>it has been nothing but an uptrend from the beginning

nocoiners are cute with their stupidity

>hurry up and buy bitcoin so mine becomes worth more
>its not a pyramid scheme I swear

Looks like a graph right before the dotcom crash if you ask me...

Going to sleep comfy tonight when Bitcoin
falls to 1k. The look on Anons faces better
sell now while you still can Anons or all that
hard work will be NUTHIN.

What does consuming paper to create money do to create wealth?

There is going to be some Rich coiner
who sells in the next few hours, and the
stock is going to tank hard. This is insider
information. Get out while you still can.

None of them do anything and both are going to collapse. Money needs a backing. Or people start thinking about it in retarded abstract terms. Which is only sustainable as long as we are willing to lie to ourselves as a society.

I still don't understand what gives btc real value. Value is relative, and I know an investor ain't dropping shit without having a comparison to make. It's not like a precious metal, and it's not like a fiat currency.

What makes btc worth $10k?

Wow look at all the shilling. Seems someone's interests must be threatened. Otherwise, why would anybody care about "make believe internet money"? Also do your research before believing anything you hear on here for absolute fucks sake. If any of you legitimately a real opinion based off anonymous shilling on a Tunisian macaroni pasting forum, you're an actual retard.

I agree with you. Paper money is going to crash because central banks just print more and more to make problems go away.
Bitcoin on the other hand doesn't have to crash if its handled responsibly.
It probably will at some point since its just a speculation object right now but it can definitely become a viable currency.

Memes

>insider information

I don't know whos stupider, jealous buttmad nocoiners or retarded "traders/investers" like this faggot

No.. It does. It has no real backing. It has no real worth. It's a collective delusion, just like paper money.

Hype. What makes Gucci or Louis Vutton worth so much, ill give you a hint. Its not quality craftsmanship.

I'm going to screen cap your statement and when
the price plumits to 1k over night. I'm going to
lick your coiner tears.

Also we know how much of it can be mined. The amount of money the fed can make is unlimited and backed by debt, which doesn't seem like a way I'd like to store wealth.

what makes facebook worth 500 billion?
a bunch of retards pumping and dumping their stock

China is as communist as North Korea is democratic.

lmao screen cap it you dumb fuck.

you're not predicting anything.

if you were a pro you wouldn't be making retarded larp statements in the first place

>inb4 /biz/ mass suicide

BUY THE DIP

its full of money there 100 billion in it atm.

Fiat currency: the more is created, means creation must increase exponentially over time
Crypto currency: the more is mined, the harder it becomes to mine, due to hard limits on how much can be created, and increasingly more difficult algorithms to confirm transactions, therefore mining becomes more difficult

Sadly fiat has a use: it is used to pay your taxes, and they wont accept any substitute.

Bit coin? well, each transaction takes 10 mins. Not particularly useful for shopping as it takes so long to validate a transaction.
I suppose it lasts longer than tulips, until some chink steals your "wallet".

As more Fiat is created at breakneck speeds, its value is dropping incredibly fast. While cryptos are relatively maintaining their value. You aren't necessarily only seeing crypto increase in value. You are seeing in real time the devaluation of fiat. An asset is only worth what somebody will pay for it. That is what determines value.

Don't get stuck on the top guys.

Wait until about 7-10 days before christmas

I just sold all my bitcoin. It will never ever top $15k. Probably won't even approach it. The fact that everyone's ugly old mother is trying to get in on it now just means that the people who know what they're doing are getting out.

>you need fiat so (((they))) can tax it
That's kinda the fucking point?

There wouldn't be anything wrong with non gold backed paper money either as long as people have trust in it.
The problem is that central banks arbitrarily print more of it making it worthless.
Bitcoin has a set number that can be mined.

not realizing rednecks are precocious enough to pay for pricey pc builds... just saying you don't know shit and you will die for it

This can decentralise currency and take away its control from the goverment and you brainwashed idiots hate it. Keep being retarded.

If your system is founded on trust (global delusion) its foundation is faulty. Trust just be built upon the foundation not the other way around.

Bitcoin is already arbitrary. There are X number of bitcoins. And you can buy .00000000001 Bitcoin. In the future you will be able to buy .000000000000000000000001 bitcoins. Sure it's not creating more but it will go on to infinity if let.

>The fact that everyone's ugly old mother is trying to get in on it now just means that the people who know what they're doing are getting out.

>Oh noes! Everyone wants to buy my very limited supply asset! That surely will bring the price down!

You're a clueless.

Without ASICS im not sure it's worth trying to mine most currencies. That retard really thinks mining is the only way to crypto. Shows who the financially illiterate redneck is.

Though a shitty laptop is really all you need to buy and sell

saving all these comments for the fall. the salt will be so delicious

...

obligatory

its at 10300 now

Epic, any evidence to back the meme or is it just a funny little conspiracy theory?

10,200
>thread theme
youtube.com/watch?v=3WD7Nq8tZF0

Thousands of years of Jewish history

>what is trading

>yer a retarded redneck
>naw, yer the retarded redneck
>yeehaw, that guy is the retarded redneck

we are all retarded rednecks when you think about it

The point is, you cant operate without fiat, and bitcoin is useless as anything other than a speculative vehicle. If you're OK with that, then its fine, but lets stop pretending it has any use in commerce or any underpinnings in reality.
Bitcoin volume is abysmally low given its cap which is why it is so volatile. Its achille's heel is validation time for transactions takes forever and will forever cripple its usefulness.

>what is gambling

what happens to the value of BTC if fiat currency fails worldwide? What is the value of btc when there's no fake money to convert 1 btc into a value with a $ infront of it?

Trading is like gambling but with advanced mathematics

The general plan is to start using engineering notation.
A few websites are already testing it out.

[Tether pumping intensifies]

Look at all the jealousy BTC has spawned this year alone. Imagine how much jealousy there will be when it hits 20K. 50K. 100K.

Unless you understand this and can explain to me how it fixes the problems I presented Im going to disregard you.

>Wealthy Bitcoiners are monitoring this
thread decding whether they want to
buy or sell
>desperate bitcoiners who just bought bitcoin
try to convince no coiners to buy bitcoin

Problems being that a foundation built upon trust is an inherently unstable foundation and the problem of just putting more 0's after the decimal and before the 1.

it's at 184,000,324,355,294 now
time to cash out boys

The creator can do as he pleases, jap or (((jap)))

Thank you for reminding me just how much smarter I am than like 99% of the people in this forum. Feels good.

retard
wealth bits are not deciding whether to buy
lol

...

Jews YES

>forum
This is an image board. You are pretty dense eh?

>forum

>money isn't backed by anything so it's bad
>bitcoin isn't backed by anything but it's good
First of all you idiots the dollar is actually backed by oil. It's called the petrodollar, and you can thank Henry Kissinger for that.

im sure many advanced mathematics are involved with 99 % of people ''trading'' in Bitcoin.
like 2 + (i pray to God there is a greater fool)

>It has no real worth.
...but it does? it is literally being traded right now for goods and services. Your opinion doesn't matter on the value of a currency.

lol that song

>forum

>smarter than 99% of board
>only 44 posters

wut?

...

the very fact that people are willing to pay 10k for it

slow and steady wins the race

It's called a correction, dumbass.

And I can understand that, but how does BTC separate itself from anything else people are willing to pay money for? Just because people are willing to pay 10k for tulips doesn't mean they're worth 10k.

what happens when ?

>bitcoin at 200 USD
>HAHAHAAHAHAHA ITS GOING TO CRASH FUCKERS GET READY TO LOOSE YOUR MONEY :^)
>Bitcoin at 2000 USD
>HAHAHAHHA ITS GOING TO CRASH FUCKERS GET READY TO LOSE YOUR MONEY :^)
>bitcoin at 6000 USD
>HAHAHAAHAHAHA ITS GOING TO CRASH FUCKERS GET READY TO LOOSE YOUR MONEY :^)
>Bitcoin at 10,000 USD
>HAHAHAHHA ITS GOING TO CRASH FUCKERS GET READY TO LOSE YOUR MONEY :^)
hopefully you retards will just finally kill yourselves once it reaches 20k. its not my fault youre too much of a brainlet to understand it

Was no one paying attention when Soros dumped Twitter and Facebook?

When did that happen

>it just went down by 200$ for 5 minutes
>ITZ NOT GRASHIGGG

10.2 and below now

>What is the value of btc when there's no fake money to convert 1 btc into a value with a $ infront of it?
>whads da val-u of gold if ders no dolla in front uh it?11 how can godl have valu witout da dollar
are you like a fucking downy or something

>I still don't understand what gives btc real value. Value is relative, and I know an investor ain't dropping shit without having a comparison to make. It's not like a precious metal, and it's not like a fiat currency.

It's a bit like digital gold. Expensive to mine more now. It's only value is that it cannot be regulated.

It enables people in regions of social collapse to hide their money from a collapsing currency and continue to do business.

It weakens the power of governments over people.

BTC itself is not particularly better than other crypto alternatives. However, it has first-mover advantage, and vast amounts of electricity and capital have been spent to make it what it is today

It is unlikely to go away, but the value is purely speculative. Once the price has stabilized, expect it to behave like a gold. Best used as a hedge for financial crisis situations

that literally happens all the fucking time

Money is backed by the (((federal reserve)))

Bitcoin is backed by each individual who hold's btc by purchsing it therefore giving it value. It operates in a similar way to the eve online mmo economy in it's transfer of digital assets to a monetary value. Btc is a simplified process for the real world.