Today, bitcoin is worth $10,000

Today, bitcoin is worth $10,000

and in 5 years it will be worth $1,000,000

Other urls found in this thread:

finance.yahoo.com/news/mark-cuban-bitcoin-collectible-currency-152121444.html
reddit.com/r/Bitcoin/comments/7gfkjq/rbitcoin_faq_newcomers_please_read/
twitter.com/NSFWRedditGif

too bad you can't cash out.

Try to withdraw 0.0001 btc on a day where the market is falling by more than 2.5%

oh... wait...

>Wanting to cash out

U wot m8?

Its a bubble. It will pop and stupid coinholders will have lost all their money.

...

There's no reason why it should keep rising from an economic/pragmatic point of view. Right now it's just a giant pump and dump. The technology itself is not useful for the every day consumer. If you don't understand why, you don't understand how bitcoin works.

What???

bitcoin will always rise because its supply is deflationary

In June 2013, Bitcoin was just $100

>bitcoin will always rise because its supply is deflationary
>bitcoin will always rise
>always
And this is how a person loses their life savings and ends up jumping off the nearest highrise

three things can destroy btc, either the electricity required to hash new coins will exceed the value of btc itself causing a value implosion, a vulnerable exploit is found within the btc infrastructure, or quantum computing will make btc obsolete ushering a new era of quantum resistant coin.

The clock is ticking

What's backing Bitcoins value?

All the people dumping fiat for Bitcoin, USD will soon be a memory long forgotten.

idiots

Criminal activity 100%

Hopes and dreams

>finance.yahoo.com/news/mark-cuban-bitcoin-collectible-currency-152121444.html
>“It’s going to be very difficult for it to be a currency when the time and expense of doing a transaction is 100 times what you can do over a Visa or MasterCard, right?” Cuban said.

none of that will happen. bitcoin owners will be rich and you will be poor

don't forget to flip the burger!

Lol no it wont

>unbacked currency
>anybody thats going to buy it already bought it
>value based on how many people own one

Lol

Where can I short on a position that Bitcoin won't be one gazillion dollars in five years? I like to put my money where my mouth is.

See
It's backed by child pornography, illegal drugs, etc. Why the hell do you think Sup Forums was all over it from day one?

invest in litecoin

Bitcoin went up 875% this year,

Cry, poor fags

don't worry op, keep throwing your money to this obvious pump and dump while I invest my money on food, medical supplies, bullets, smokes, and liquor for post apocalyptia. Those commodities will be the real 'next gold' as history has proven

>consumer products is what it means to have a backed currency

Lol.

Fyi the pedos represent like $10 of bitcoin's value

2 types of person buy bitcoin

speculators
people forced to pay ransomware with bitcoin

All currency should be abolished. It is an antiquated concept and has no place in a modern, resource based civilization.

Bank of Canada just announced it will be issuing its own crypto

AHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAHAHHAHAHAHAH

Going mainstream = going to a million

Chinese money laundering

That's the gold price and when the gold price goes that high the governments will confiscate it, and then revalue it.

I still don't understand why you think it's real money

Want a good investment?

Buy DFEN. It's a triple leveraged ETF bullish on the military industrual conplex.

Its not even a year old yet.

Will be worth $250 next year.

Why would that cause bitcoin to rise? If anything it will cause bitcoin to fall as people transfer their wealth to government sanctioned currencies.

Even if it crashes you can still make some short term money off of it and other cryptos. There's really no good reason to not put your money into cryptos and watch it multiply day after day, week after week. I've become kind of obsessed with this to the point where every dollar I spend feels like a waste because I could be putting it into cryptos.

literally took me 3 hours to get my bitcoin to cash in my bank account...last Sunday

usually I use my crypto debit card...but this time I needed to take out more than usual.

stupid faggot

>finance.yahoo.com/news/mark-cuban-bitcoin-collectible-currency-152121444.html
>Collectible currency
>lol

Thats called a gambling addiction

>Selling when markets are going down.
Bigger problem is that you can't buy lows.

Dumb Amerimutt

It's a /biz/ meme/joke

this wise leaf will be rich

In this case it does mean that. Backed means the inherent value.

I bought 5 coins in 2011 for 20$ per coin and I just sold them for approx 9.9k. I'm happy

>electricity required to hash new coins will exceed the value of btc itself
This is not how mining works.

yesterday after the dip in bitcoin...on one exchange alone you had 20 million being purchased. You have no idea and should study more. You are missing out on a technological revolution that will change the way shit is done from banking, to business. smart contracts, multisig wallets, fraud proof transactions.

Visa and Master scoffed at bitcoin. Now visa let's people cash out or purchase anywhere visa is accepted AHHAHAHAH

I bought my kid 100 BTC as a graduation present back in the days. Was going to buy him a car, he asked for Bitcoin. Kid never needs to work...ever again.

1)Pedos didnt always use crypto
2) they represent an extremely small amount of bitcoin ownership, literally an irrelevant amount

Its not backed. Dummy.

Futures coming to the NASDAQ in 2018. I'll also be shorting.

There's no doubt that cryptocurrency as a technology is the future. But bitcoin itself is a shitty alpha implementation and will not last the next few years before something much better comes along.

275kWh for every transaction

you can't make this shit up

Yeah, no.

>literally took me 3 hours to get my bitcoin to cash in my bank account
Now imagine 10 people waiting in line at walmart trying to pay for their goods.
Bitcoin will never be an alternative to fiat money. Good on the people who made some profits on it.

That is the point.
Nothing lasts for ever, need to diversify and get a tech portfolio.

80% of my trades are now done via decentralized p2p over tor/i2p exchanges. Don't even pay a commission fee HAHAHAHA

Adapt with the new tech or die

Serious?

Go to sleep Paul

You can pay with your bitcoin debit card you stupid nog. Just as fast as regular card payment.

The transaction I did was for a larger sum of money. Did it in less than 3 hours without leaving my house.

the goalposts moved from "the future of currency!" to "value holder"

this, and drugs

it was super popular for drugs in 2012-2014, not sure if its still used or if its so volatile now that people just hold it

I know it hurt when you realize you are fucking dumb and always miss out.
Have fun in your wagecuck job.
I made 85k this year without having to drive my ass to a workplace. HAHAHAHAHAHAH

This is what conviction looks like. Don’t even talk to me about bitcoin, whether for or against, until you’re ready to put your dick on the line.

>It's only real money if the jews says so

Do you know where you are?

Seems about right.

You don't understand what backed means then. Does paper money have an inherent value? No it's often backed by something that does. Same with bitcoin. The investors ("idiots" etc.) driving up the price is not by definition what's backing it. The inherent use is what's backing it. Criminal activity. I don't even follow it and I remember on here when people said it was $100. Sup Forums has a very dark history wbichbhas been surprisingly glossed over. This was place was rampant with child pornography and illegal drugs.

bags of sand

Now imagine hundreds of people wanting to cash out over the course of three hours when stocks are in free fall.
Yeah.. You played yourself mate.

>I made 85k this year
k now go buy 85k worth of gold bullion, that should be no problem right?

You're a liar.

You don't follow it because just looking at the whitepaper would give you a headache

>google how to buy bitcoin
>jibberish and meme answers

Lovely.

Listen to yourselves, can't you hear how fucking deluded you sound? No because 'muh returnz' is the only fucking argument you'll listen to. You don't actually have $300,000. You have 30.15 solutions to maths problems and you're never going to trade them with some new dickhead for his actual wages because you're all so fucking stupid.

Agreed. No offense guys but if that happened to me I wouldn't be on here talking to you.

Why? LOL I buy land...not gold. Land will feed me.

Bitcoins inherent use is hedging against fiat currencies and inflation you brainlet.

Bitcoin? Pfft

I bought Runescape gold back when it was 100k for 10$

Get on my level fags

What exchange do you use?

Here you go

reddit.com/r/Bitcoin/comments/7gfkjq/rbitcoin_faq_newcomers_please_read/

Like I care what you think wagecuck.

Keep giving your best years to people who use you as a slave

Cheese pizza

>Holding an ETF for a year
>Found the retard
>Don't do this

enjoy your shit life mr wagecuck

Been doing this for 2 years and I have no regrets. I don't have to give my time to some asshole for a shitty pay

>This was place was rampant with child pornography and illegal drugs.
silkroad

Not even reading your post because I know you're so invariably wrong.

Let me ask you. If the U.S. dollar held a true value of .01, would every city in America be on fire?

Your small island colony of pedos is not backing anything.

no one knows

>"HEY GUYS I MADE 85K THIS YEAR WITHOUT DRIVING TO WORK"
>buys shitty land
>"WE FARMERS NOW"
>works a shitty terrible job called farming that nobody wants to do, lives off the grid with bad internet satellite connection
>gets sick of farming but cant hire the few remaining mexicanas because they dont accept memecoin

People buying bitcoin hoping other people will buy bitcoin hoping that others will buy bitcoin

It's like an expanding cell which is hollow or gaseous inside....

Many.
I am moving slowly but surely to only using decentralized exchanges. For those I use Bisq and exchanged.i2p

Read up on it
>he doesnt believe in an industry that grows even when we scale down the military

Idiot.

I bought the land around my family farm. My family has been farming since we got to the states.

...

>inherent use
>hedging

That's why its called crypto currency. That's the inherent use. In the case of crypto currency, what you spend it on is what's backing it. Criminal activity.

appreciated! what's your take on coinbase vs quadriga vs kraken?
Those were the ones which looked promising to me with various pros cons..which would you say is the best one for what reason and which one is good to get me started?

There is not enough money in the world for BTC = 1M$
Max will be 500 K, if all the money in the world is turned in BTC.

>Your small island colony of pedos is not backing anything.
When bitcoin was only $100? You bet your fucking ass it was.

Care to explain why it'll rise ?

...

>implying there is enough fiat money for everybody to cash out all at the same time

That is the dumbest shill shit comment I have ever read. As if drugs are not mostly purchased with US dollars...that is why 80% of US money has traces of cocaine.

stupid wagecuck nigger.

Yeah, when it was $100. You 80 IQ fuckwit.

Let me ask again. If USD was actually only backed .01 would every city in America be on fire?

So what have you spent your bitcoin on then?

Can I use buttcoin to buy pork ribs at the butcher?

oh, then that's decently based