Bitcoin breaks above $12,000

coindesk.com/12000-rising-bitcoins-price-hits-new-time-high/

shit I should have bought some shekels like 3 years ago. Guess im gonna be a poorfag forever.

Every time I see these threads I reee. Literally could have made millions for fucking pennies.

or you could have lost it all in the MTGOX fiasco. Who knows what could have happened.

>he thinks it's too late
It's gonna reach 100k next year. Normies are just starting to get into BTC now that it got so much attention in the media.

Almost at 13k

Richfag miner here and Bitcoin multimillionaire. I told you to BUY fucking 2 years ago. I posted about it every couple weeks for TWO FUCKING YEARS and then just gave up because nobody was interested. Well, fuck you. I'm buying a Vacation home in Thailand.

BE A TINY BIT MORE INTELLECTUALLY CURIOUS ABOUT COMMODITIES NEXT TIME, ASSHOLES.

Still can. Bought $15k worth at around $4.2k. Made a cool $30k just sitting around last 3 months.

I listened to fags like you on infinity, and head into this rabbit hole
thanks user kun :3

Please tell me this image is from a remix of some sort, sauce please

Will crash by the end of the year. And then rise again.

Fuck me. One of the greatest mistakes I made was not buying bitcoin when I had the chance.

focus on developing your skills rather than trying to win the lottery

>bitcoin

>commodity

Its the road I will have to take. no free rides.

>1 post by this ID

You can show us the purchase proof later then can't you. I won't hold my breath.

Don't forget Goy, you can buy Kitties!
www.cryptokitties.co

Use full sentences, or is your language getting replaced as well

who the fuck is this guy and why do i see him everywhere?

came for the war crimes and chill ended up having one to many drinks with the boys

I'll sell you my 2 bed+garage townhouse for ten bitcoins.

Once it crashes big again (and it will crash again) that will be the end of it. I still remember buying in at 100, and being excited when it hit 1000, then it crashed to 200 and hovered around the 300 mark until basically last year. To lose 80% of it's value TWICE will be the death blow.

Screenshot this post. Bitcoin will crash to $2000 USD in mid 2018

this diesn't answers my quevstion

>post on white national socialist board about he is moving to thailand

oven yourself my dude

He was a general in Serbia, committed war crimes. Took poison in court to avoid jail. It happened in the last week.

So stupid but relevant question: in order for you guys to actually receive your value for your bitcoin wouldn't you have to have someone willing to pay the value for said bitcoin?

How the fuck are you supposed to convert 1 bitcoin into 12,000 dollars without a buyer?

it kind of does, once you understand the story.
quick break down
> dude get charged with war crimes
>takes a shot of poison during sentencing
>step 3 profit

>vacation home

dont be so jealous sven.

>same brah, went to the bank to cash out, already on my 5th lambo
>we are all goning to make it

WHATTTTT
WHEN WILL THE BUBBLE POP!!??!
REEEEEEEEEEEEE POP NOW FUCKIN SHITCOIN SHIT

either way there is money in it

>vacation
we all know why he's going there

There are vendors as well, for exmaple coinbase. There's a ton of them around.

yes

>general in serbia
He was a croatian general you paki

why are you mad

of course the dude is German. anyone with half a brain would of left that place by now

wikipedia says albanian

It’s not too late.

3.77 BTC bag holder here.

Buy 0.5 now. That’s going to be worth 50K by mid 2018

bitcoins aren't quantified in 1 coin. You can buy .0000001 of a coin, for an example.

>I could have been rich REEEEEEEEEE

No you couldn't. Bitcoin is not selling at these prices because EVERYONE has the same idea as you.

Someone out there is controlling the price, probably whoever invented bitcoin, he's using everyone to inflate the price and he's the one making the money, you're all being fucking played. Bitcoin has literally no value. Someone that just appeared out of thin air having a total value of 2.2 trillion my ass.

It wouldn't surprise me if this money was being used to fund terrorism too.

started with 20k in march, 500k now AMA

Side note, Thailand is fantastic for whores but Angeles City (the Philippines) is 20x better

It's digital gold. As long as people believe it's a safe place to store their wealth, it'll have value. And if people believe there is money to be made in bitcoin, then they'll invest in bitcoin, which will increase the price. We are seeing the creation of a brand new asset class.

i wanna drop my LINK bags. but i know that it will moon to 1 dollar in a few months anyway. so why change to bitcoin

It's a ponzi scheme bubble that is going to burst like the tulips. One EMP strike could end bitcoin. It is backed by nothing and you can't buy anything with it other than drugs and guns. It is just one big scam created by the jews.

Yeah but you still have to drop $10k to make it to $100k

This.

I used my entire $15K severance package and got in at $6K about six weeks ago. Plan to hodl for a few years, more if possible.

I used to habe over 500 bitcoins


And then i wanted DMT, and LSD, and MDMA.

Now i have like one left. Oh well, such is life of a druggie I guess.

I.bought like 0.6 Bitcoin last night. I also bought some litecoin yesterday morning.

>I used my entire $15K severance package and got in at $6K about six weeks ago. Plan to hodl for a few years, more if possible.

good decision. you'll make a killing when btc is worth 100k per coin

I put in 300 last month, they are already 500. Shit, next im selling my watch for some gains

damn, man nice.

great, so you are the one that made the price go up $1000 since yesterday.

This is not the first Christmas hype spike,but still calling it a crash when it dips down again. Also understand that the larger the market cap gets, the less volatile it becomes.

meanwhile our experimental bitcoin portfolio still has one of the lowest returns of all the portfolios in our investment bank (even the portfolios where we jam all our crap in like Greek bonds or our shit we still have from the 2008 crisis perform slightly better)

too unstable, to volatile, too much unprofessional investors who have no clue what they're doing, too much 3rd worlders and western teenagers
to top it off the research report we ordered, concluded that the majority of bitcoins is either in the hands of criminals or chinese sweatshop owners...

we are convinced that this entire thing is a combination of a bubble (only speculation is driving investment) and a ponzi scheme (with scammers and bots constantly trying to lure in poor and uneducated western youngsters with the promise of huge amounts of profit in a short timeframe)

my advice to you: bitcoin is not an investment, it is a gamble. only put money in it if you are willing to take a risk and don't mind to gamble a bit. don't treat it as an investment but just a a little fun risky gamble you took and perhaps you might get a bit lucky in the short run. however do not play this game in the long run, once the SEC in the US and/or the ESMA think bitcoin has reached too much of an audiance they'll pull the plug real soon and then the bubble will burst faster than anything you've ever seen.

try to invest in companies who do research on the bitchain technology tho, that shit is worth a lot of money

>inb4 who are you
investment banker and portfolio manager (yes very jewish job, I know) at bnp paribas

The jews won't stand for this, it's too volitile and ther's too much uncertainty surrounding it.

thailand is the go-to for ladyboys

>YFW bitcoin is currently rising due to all the millionaire and billionaire pedophiles dumping their cash in favor of bitcoin to avoid it being taken when they are arrested

Just buy a real asset using escrow.

if, however, people no longer see value in bitcoin they'll drop it and it will go down to almost nothing (drug dealing baseline)

bitcoin is a name foremost, it is not a metal

>Plan to hodl for a few years
>hodl for a few years
>few years
user please get out in chunks

also, you can use any other crypto to buy guns and drugs. It holds no physical monopoly over the blackmarket.

If you really want to be secure find out what the government is investing in, it won't want to let itself crash and will pump in real money to inflate if collapsing.

>Someone out there is controlling the price
It's literally market cap divided by supply, retard. You know nothing.

Lets assume that crypto becomes mainstream in the future, how can we be sure that bitcoin will be the coin of choice?

What's laughable about this is 70-80% of americans live paycheck to paycheck and at $12,000 a bitcoin couldn't even muster up the cash to buy one much less pay next month's rent yet there are so many so called bitcoin rich plebs who have 10s or 100s of coins.. The reality is, they're liars and LARPs .. the rich are getting rich again fucking over plebs and all the plebs are willing, shilling, and rooting for them.

See pic for who owns what share of the coins.
The average larp on here doesn't even own a full bitcoin.

I hope it goes to $100,000 a coin. I wont be buying a single or a fraction of one.

>doesn't know what a ponzi scheme is

I am happy for you all that made money with this, I hope you make even more.
This message is only for white posters

>.6 btc
>made price to up

bitcoin isn't real currency. it's not backed by anything. not cash, not gold, not silver. you think you're rich but it's just pixels on the screen.

screencap this.

easy come easy go.
Reminder of how much the average person has in their wallet .. less than a single bitcoin.
^Absolute fucking moron exampling how shit tier his understanding is.

I imagine many of the larpers actually did buy bitcoins then sell them years ago. I personally bought a couple dozen back when it first started but sold them all soon after thinking I made a great deal. Now I make minimum wage lol

>people no longer see value in bitcoin they'll drop it and it will go down to almost nothing

Not necessary to almost nothing. If people believe the gains from bitcoin are over, then they will sell the stock. But I don't think we are at that peak yet. It'll drop until supply = demand. And if people then believe bitcoin will increase in value, they wil invest again.

With bitcoin we are just at the media attention phrase. So there is a lot of gain to be made.

And the long-term value of bitcoin will be as a digital gold. Right now BTC has the marketcap of 2.5% of GOLD. If BTC took all the marketcap from GOLD, each coin would be valued at 371k.

Bitcoin is Tulip mania 2.0. It is going to crash and hard. I don't know how anyone can not think it is a bubble at this point, all the signs are there.

You can't. there are tons of other stupid ass coins in existence with ICOs occuring everyday. Exchanges are glorified forex booths. One idiot buys in, another gets to cash out. Ponzi-scheme-a-liscious.

>find out what the government is investing in
Well, what is it investing in? You'd do well to secure government contacts in these rather than Ives though. Unless you're already so rich that you are just taking a shotgun approach to multiple guaranteed 10-15% ROI.

>How the fuck are you supposed to convert 1 bitcoin into 12,000 dollars without a buyer?
You sell it to someone else who wants to speculate on Bitcoin. Basically you keep passing the bag until the jig is up and someone is left holding it. Then they panic sell, you buy the bag back for a fraction of what you paid, and you ride the ship to the moon again.

Oh no. Better cash out by 2140. Hurry!

What I am trying to say is that if the US government is investing heavily in one particular cryptocurrency instead of the others the odds are greater that they will try to regulate the others or shift the one they have money in into being the default

Average nobody, didn't buy at:

0.10c
0.50c
1$
10$
50$
100$
500$
1000$
2500$
5000$
7500$
10.000$
13.000$
20.000$
50.000$
75.000$
100.000$ (at this point he gets curious)

By the time he sets up his accoubnt and gets verified (will take weeks/months when the horde joins around 100k$), BTC will be 150.000$.

At 150.000$ he hesitates as he thinks it will crash any moment and he missed the boat as many of his loser friends got in at 90k-120k already.

Price is now 200.000$ per coin, he says fuck it and buys. Next day, correction back to 140.000k. When he wakes up and sees his 0.00012124 BTC drop 30% he panic sells before it crashes to 0.

Next day its back at 160k and within the week new ATH at 220k. At this point only suicide is left.

Don't be the average loser described above.

>increasingly nervous man

wtf I hate tulips now

McAfee estimated a max of 75m BTC in circulation by 2020, which he supposes would drive the price up to over $100,000/BTC with a market cap of 500,000 before it peaks. This assumes more people like him won't get into farming.

It doesn't matter what they do, people use crypto currencies to escape the petro dollar anyway, even if they back it up it would be used against them eventually.

Will rise to all time high by the end of the year, have a minor correction and then rise again.

oooh, nice trips

wondered when you were going to get here

did you consider that tulips are easy to grow into more tulips, but bitcoins are very hard to make more of?

Fools rush it right at the end. I love looking at vol charts and seeing the idiots stampede into the smart money sell side at the ramps and the huge stampede towards the exits when the inevitable crash happens w/ no bid on the exchanges. Any good ponzi scheme has a chart like this .. Literally corral the mass of idiots into peak mania and absolutely rip their heads off w/ the downslope

Did you realize there are other coins than bitcoin?

hey jidf, still trying to scare the nocoiners into sticking with fiat?

>here
>Bitcoin multimillionaire
Why are you here? What does being a "bitcoin multimillionaire" actually get you? Can you sell it for real money and actually live the life of a legitimate millionaire? Why haven you? Have you ever read about the Weimar Republic?

For those who made a ton on it, good job - I wish I had. At the time I thought it was a baseless currency, and I still hold that opinion.

But there's no way this isn't a hyper-bubble fueled by nothing but trendy speculation. What good is a currency you can't buy a loaf of bread with? It's valued at 12k based on what exactly? It's totally irrational. Kind of like tulips.

The fact we're framing bitcoin's value in terms of dollars, something you can actually go to the store and buy a loaf of bread with, illustrates the fundamental problem with it.

Yeah that's why I think the centralized cryptocoins which are retarded are going to moon for awhile because IBM and the banks have an interest in using them for remittances. If they allow transfer of Bitcoin then it will further establish btc as a fungible, useful currency as a bonus.

1) You can't increase the supply of BTC like Tulips. It's set at 21m. Hence supply doesnt facotr into BTC pricing. Only demand. (which is very different from most asset classes).

2) Governments like US and China are heavily in debt. It's not impossible for them to default on their loans. And if a recession occurs, there is a large chance it'll be global.

3) US Govt is in gridlock and can barely pass any legislation, and the legislation it does pass lowers taxes on the rich which increases the budget deficit. We might even be at the point where the US will never repay it's debt. The question is how much longer do people have the confidence to lend to the USA.

If US defaults or people don't want dollars anymore, where would they trasnfer their currancy. BTC is effectively better than Gold. It's not impossible that BTC will become the world reserve currancy in the future.

4) as stated, more investment = less volatile.

5) Maybe just ask yourself this. Year is 2060. Would you rather own US Dollars or BTC, with the way events are currently going?

They're steaming towards a more serious wall :
"By July 2019, the bitcoin network will require more electricity than the entire United States currently uses. By February 2020, it will use as much electricity as the entire world does today."

> mfw future generations of human beings will wonder what kind of dope we were smoking when we idiotically wasted our most precious resource feeding a ponzi scheme of worthless bits on a wire

This is the kind of shit that destroys civilizations that you read about 1000s of years later and wonder how such an advanced group died out. Absolute fucking retards. All because greedy fucks wanted something for nothing.

Nah they'll get curious early 2018 when NASDAQ is trading BTC futures. It's going past the moon to Sagittarius A.

YOU MUST BUY NOW IT CAN ONLY GO
H
I
G
H
E
R

Hey you fuckwits there's literally nothing preventing the US government from outlawing bitcoin transactions and causing it to crash and burn, all it would take is one of the big banks to see it as a threat and lobby against it as pedo currency and it would be t o a s t, also dump coin now if you can, if it becomes mainstream mainstream, this will happen.