Bitcoin bags of cement rebake

Fresh bread from

Bitcoin’s largest exchange, Coinbase is crashing. Sellers can’t sell. Just days after Nicehash was hacked, 80m stolen from wallets. It’s Happening..... the ponzi scheme is collapsing....

Other urls found in this thread:

fortune.com/2017/12/07/bitcoin-coinbase-down-valuation/
moneymetals.com/buy/gold/bars
en.wikipedia.org/wiki/Usury
en.wiktionary.org/wiki/capital_equipment
coindesk.com/report-bitcoin-derivatives-banned-south-korean-government/
twitter.com/SFWRedditVideos

>Literally owned and ran by a Jew
fucking kek, once again (((merchants))) get the better of the goys. Goys don't care as long as they think they make money too.

>no sources
>flag
EVERYTIME

I swear there are bots on here trying to instigate a crash.

Though I would sell right now if I could, my $800 transaction sunday hasn't even gone through yet.

if i was them, i would run to the bank and cash in as many bitcoins i could now. are there any banks that do not accept bitcoins?

Bitcoin is shit.
Remove Blockstream, increase the blocksize and then you have Bitcoin as the revolutionary currency that it was intended to be.
It's value is sustained by hype and banking interests that are fighting to maintain their control over a project that they started strangling back in 2014.

“Bitcoin: Coinbase Goes Down Amid Skyrocketing Prices”. fortune.com/2017/12/07/bitcoin-coinbase-down-valuation/

Legit screen caps of coinbase down in other thred. Coinbase, bitcoins largest exchange, can’t match and clear orders, nevermind transfer exchanged fiat into accounts or ETF....

>I would sell right now if I could,

Is bitcoin not electronic and therefore instant?

> are there any banks that do not accept bitcoins?
Commonwealth Bank.

>Is bitcoin not electronic and therefore instant?

I think the transaction time is ~5 minutes.

I don't know why the Coinbase makes you wait a week, I think it's because they are absoluty flooded with requests for transactions which all take about 5 mins like I said.

100% summary of what these schemes are all about. Kikes at the main dinner table and their useful idiot goy foot soldiers vying for bread crumbs. Decentralized transaction nodes for clearing inter transfer w/ fixed margins due to increasing difficulty + energy cost (opex) = bounded margin w/ centralized clearing houses, exchanges, and spot pricing controlled by them. Nothing any different than current equity markets whereby spot price is determined by insiders where all the money is made. Bulk of positions are controlled by insiders. All the clearing houses are owned by them. They control the pricing action thus know how to place their bets. No regulation so no auditing of insider trading, price fixing, etc which is no doubt occurring. Distributed broker firms who take a transaction cut to participate in the orgy of fees/middle men who all point back to centralized entities.

Price goes one way until insiders/smart money sell off into the hype/demand side and then it tank trapping and thefting from goys.

Like useful goys, they do all the leg work by soliciting new idiots to the ponzi scheme alleviating the kikes of any on the ground work.

The whole scheme is right in front of everyone's eyes : something for nothing magic. Yet, this is ignored because goys are fueled by greed/theft.

Options/futures/derivative trading opens up next week and is being cleared by goldman sachs indicating that they're ready to start really raking these useful idiots over the coals.

10 years off from 2008 and see the same template bullshit yet again.

Plus: all wallets are user, no regulation, oversight,or registered brokers or exchanges. Crumbs left, but no trail.

>I think the transaction time is ~5 minutes.
Nope. It was intended to be ~10mins (next block). Each block fits ~1MB of transaction data which equates to around 3tx/second.
This is why people who were onboard the tech early are so frustrated and in support of BCH.
The Core Development team defacto headed by Blockstream (whose biggest investor is AXA - whose CEO is also the chairman of the Bilderberg group) have kept at 1MB because, apparently, internet connections aren't fast enough to handle 1MB every ten minutes. In a world where most people can comfortably run YouTube, it's not hard to see why this excuse is utter horseshit.
But, what now happens is that your transaction gets prioritised by the fee you attach to it. Hence, if you're not paying $10USD per transaction right now, you could be waiting for up to a week for your transaction to get confirmed.
Don't get me wrong - Blockchain tech as a means of decentralized finance is revolutionary and, in general, very much hurts the Jew. But, as per usual, they've co-opted Bitcoin into being controlled opposition and will force users into using their centralized "Lightning" hubs backed by their huge BTC capital which will in essence create Jewish Banking 2.0.

All orders are supposed to be matched electronically and instantaneously. That’s what happens if I, say, Google shares. So,why can’t the largest bitcoin exchange do that? Coinfags can’t answer. Volume? Well. Then why? Bids not backed by fiat (real dollars)in exchange account? (And thus a liquidity issue)? Who knows? Bitcoins are bought because of anonymity. You don’t know who owns it, o who you’re dealing with; just the the blockchain itself is secure and the bitcoin “real” (whatever that means)

Bitcoin sucks. Onecoine is the future.
Btw, I can provide some Onecoine for you good sirs.

do you have an informational package i could purchase???????????????????????????

>bitcoin 17k+

>no-coiners on suicide watch

Sure. Why not two?

What would happen if bitcoin actually got to $100,000 value?

I propose Sup Forums Sup Forums create KekCoin.
Step #1: mine
Step #2: ???
Step#3: PROFIT.

(Pic relevant)

Correct and no booked laws saying they can't do any of the shit that is illegal in real markets.

A revolution for the kikes in that they get to theft on a whole new global level w/o any laws restricting them and zero accountability.

Ofc, any good lie markets itself as the opposite of what it is : A revolution for the dipshit goy masses.

10 years shy and the broad base is in it again

How about mining some dogecoins??

More normies get in

500k? More normies get in.

Once you accept reality, you will start to make money.

Kek would propose you don't sell your soul begin involved in any type of enslavement coin. You want something? Go out and work for it like an honest man. You complain about the oppression and enslavement but then fall for the trick that eventually makes you enslaved.

KEK approves of none of this shit. His currency is in the memes

How do you cash out. Coinbase (largest exchange and only major USD retail exchange) TOS states won’t handle more than $100k
per transaction. How much to they actually exchange to fiat? Who knows. No reporting requirements.

>bought at 2.5 in august
>mf

It will crash first. It won’t be 100k for awhile.

>I am a central banker
we can tell op

Very good post.

Blockstream are a bunch of actual fucks and I can't believe the nuBTCers fell for it hook line and sinker.

You don't have to cash out "an entire" Bitcoin why is this so hard for you to grasp?

I cashed out .088 BTC on Sunday day, roughly $1000 at the time. Wish I'd held

Will only give you 25k a day max. You can buy more though. I bet they are
Charging like 8% to cash out now. They need it as innsirance Incase it crashes down to $1000 overnight and everyone tries to sell

This happens every day on Coinbase. Not a day goes by where it doesn't crash for 15 minutes. This is literally nothing.

Think about the hundreds of thousands, if not millions who are now aware that large sums of value can be transferred over the internet from person to person. Most of whom also learned how to setup and use a wallet. Next level shit.

Lol, it's one big ponzi scheme. Goys thinking they fighting the system by using another system, both of which created by (((merchants)))
>muh (((decentralized)))monies
>muh freedums
>says the goy

Be glad you sold. Pretty sure they are going to charge you insane amounts to withdraw now

Recession global starts now if this is legit.

Prepare the HAPPENINGS. This is what Sup Forums has been waiting for.

You have no idea how incredible the years is gonna be if this crashes big. Multiple fuckeries knock on effects.

Mining is always a good option. You’re just paying for computing power and electricity. But at bitcoin prices, just go to Bitfinex or another and exchange Bit for Doge or,etherize or whatever. Does it make sense in the closed ecosystems of crypto that are supposed to back their legitimacy? No. Scammers move from scam to scam. The sad part is that blockchain and other crypto tech is seriously impressive and important.

Exchanges are silly, buy physical gold, silver, plantium, copper etc with bitcoin, convert that into liquid. moneymetals.com/buy/gold/bars

You people are retarded. Bitcoin is also retarded and fake. Revalue is in things you can hold in your hands.

> Charging like 8% to cash out now.
Jesus christ you fucking morons are dumb.
8% to cash out? Imagine paying 8% everytime you try to withdraw cash from your bank. That's beyond extortion and you can clearly see where the money is being made
> CENTRALIZED

> They need it as innsirance Incase it crashes down to $1000 overnight and everyone tries to sell
It's not insurance you dumb fuck, they process from their huge cash reserves they have on hand from whoever bought in before you and by selling your coins off to the next idiot who buys in... Literally being a complete useful idiot and defending something you dont even understand as it rapes you in the ass. This is where all the money making and centralized arbitrage happens while you morons chant the decentralization mantra

> Think of the trees not the forest
> goy

Yea well my bitcoin wallet and buying power say you're wrong.

That’s how pump and dump, and ponzi, scams work. I have 80% of an investment, artificially bid up the capitalization to show huge return, then sell off shares at lower “affordable” price so **you** can get in on the action. Then everyone is trying to sell .088 BTCs and there no buyers, because the whales gone. Except for minnow wanting .044 BTCs, cause it’s such a god investment.

People who keep their coins at exchanges are morons and deserve whatever comes to them.

Smashing ignorant goys I see. I wonder who is shilling for the coins on Sup Forums, goys or (((merchants)))?

kek you are so obviously talking out of your ass
salt more

Yep. Now think about all of those who are currently on a few dollar a day wages and think about the fact that they're having to spend a $10USD+ fee each time they want to send anything to anyone.
This is what Blockstream have done to Bitcoin. Crippled its utility and promise completely.

Exactly right and never once are they hurting merchants. They're only hurting and steeling from each other while merchants as they always do take the transaction cut where they got their start :
> Jews and Banking in Renaissance Italy
> en.wikipedia.org/wiki/Usury
Stupid fucking goys through and through every time. Every season. Every cycle. Literally chanting the mantra off the flyer the kikes hand em.

> I wonder who is shilling for the coins on Sup Forums
morons are. They try to trick other stupid people, people more stupid than they. Bitcoin is fake and everyone with a brain knows it. After the crash the demoralization will be so bad that no one will ever want to deal with bitcoin again. And to think, unlike paper money, you can't even wipe your ass, or plaster your walls with bitcoin after it becomes worthless

>being this mad you missed the easy money

I like foamy coin, personally.

Cash it out then faggot

That’s the brilliance of bitcoin. Whales don’t have to structure an offer to convince the minnows what’s a good price for a piece. A whole BTC keeps on gaining, and capitalization, as more and more minnow buy in at whatever fraction they can afford. That is, in definition, a ponzi. That’s why there so much shilling to buy into the concept of bit coin, and how you’re missing out, and look at the full BTC price, and capitalization. There’s no basis to it. They’re pumping, and dumping in fractions.

I've got something you can hold in your hands right here...

>Bitcoin’s largest exchange, Coinbase is crashing.

source? coinbase always gets fucked by mass trades when price lower or increases to much fuck off

> Servicing the kike scheme is always a good option
> All you have to do is take the risk of :
> high dollar opex
> waste this planet's most precious resources and technology
> and ensure the ponzi scheme stays alive
> just go to a plethora of kike sites and gets your kike coins
> Does any of this make sense because its meant to be as confusing as possible to obfuscate the kike scheme it truly is but don't worry were spreading memes so goys feel like they've accomplished something intellectual by compiling our bullshit.
> Scammers move from scam to scam but ignore the fact that we have like 1000 different types of coins. Also ignore that there is no lower limit of the currency so we can just keep adding decimal places to print new 'coins'.
> The sad part is, this whole ponzi relies on generations of idiots wasting man kind's most highly developed technologies and its energy to further a technology that purposefully aims to destroy/waste their potential. There is nothing impressive about the tech as in the real industry of technology, the point is to make computing/transactions as energy efficient as possible and keep computation low. Given that coins have the opposite intention, they keep computation high as well as energy use inefficient by literally tweaking the algorithm on occasion and making it more difficult to do transactions.

> True evil and lies rarely expresses itself in such obvious forms. Thus, this be but the sign of the times.. But don't worry goy.. Come over here and get this mark on your forehead and make some shekels. No one will ever trace this back to you in this permanent ledger

And here’s an easy question. The Winkelvii are, apparently bitcoin billionaires. How do we know? What bitcoin wallet do they hold? How many bitcoins do they hold?

No one does. Unregulated. No trace, because wallets are untraceable to owners as an inherent function of the bitcoin tech.

gavin andersen dont exist on twitter

Nobody owns or runs BTC you absolute mongoloid.

Thats like the main thing about it.

> Yeah well this guy is making to much sense that I can't refute so to any other goy reading his comment .. Look over here.. Look at what money you can be making.
> Ignore the fees
> Ignore what this guy just said that is 100% truth and go buy some bitcoins.. you're gonna be rich

>t.no coiner

Google. And, again, why is it getting fucked. When was the last time NYSE, or NASDAQ, etc couldn’t match and fulfill orders? It’s a simple confidence test. And BTC has no other backing than confidence and trust.

That is awesome. What is the inventor's name then?

Correct ^.

Also, and I can't stress this enough and its this pathetic. You see those trailing numbers after the decimal place.. That right there is the inflation engine. It literally can go on forever and will until they're done w/ these morons. That is the very way they inflate the currency base. Literally imagine if you could slice a fucking penny up into infinite slices. How fucking stupid can people be not to see this. I don't think its stupidity. I find them willfully complicit in a scheme to enslave the earth.

Who gives a shit about 8% on a 6 month 400%+ gain? You can mitigate that buy buying marketable items and reselling, gold, cars, ATVs etc. The irony is the lazy thinking by traders, rather blame muh 8% vs creative liquidation.

Both things can be true, if we are being reasonable. I cashed out a bit over 500k this year I'm going to be paying capital gains on (thankfully had it for more than a year). I still consider bitcoin a scam and a bubble that is going to pop.

I'm starting to cash out of the stock market too though, there is another bubble of all bubbles.

Goys are nothing more than the merchants useful idiot foot soldiers. The goys never do the grunt work, they get the fuckhead goys to do it for them. This is who is shilling coins and trying to bait people into the fold.
Receiving a permanent ledger recorded (mark in their foreheads - In immutable mark on their psyche). They'll smash themselves to bits in the end.

>BC is crashing
>hits 10k
>BC is crashing
>hits 14k
>BC is crashing
>hits 17k

I just tried and it worked fine, why are you making shit up?

I think the fed hired shit posters

How the fuck are you supposed to pay taxes on Btc you mined?

>over 200,000 unprocessed transactions
JUST

Miners in high demand. Feels good man.

found this in /biz/ jews pushing women into crypto now

I'm another user that chimed in, I don't mine. I just bought early.

You pay taxes like any other asset, same way you do a stock.

This is how the kike's function if you haven't caught on yet. It's literally their history :
en.wikipedia.org/wiki/Usury
Notice how many religions and historical contexts forbid this practice. Yet, you will always find it at the heart of a scheme ran by (((them))). All modern business centers on it. In business circles, it is called : re-occurring revenue. Take cloud computing for example. It's nothing more than a usury business model. You get goys to pay you on a re-occuring level for something .. Perpetual income. All coins are structured like this and are thus centralized. The decentralization misdirection is this .. And pay close attention here. The kikes don't even want to purchase equipment anymore to run the cloud because there's risk involved and deflationary turnover especially in computing hardware. So, they exported this to dumb goy via. It is what is known as :
en.wiktionary.org/wiki/capital_equipment
They put the capex equipment on goy and provide them breadcrumbs to keep the whole scheme going. To ensure the goy don't get upity they centrally culture the difficulty in terms of how much computer power and energy it requires to service each request. When shit goes tits up or when a capex equipment upgrade is needed, the central kikes dont bare any of the cost directly related to liquidation or upgrade.
Coupled w/ no regulations and the ablity to manipulate the price centrally to whatever they want. Couple this now w/ options/futures/derivative contracts and the kikes just reinvented wallstreet w/ far more profit potential and put all the risk and even operational costs on dumb fucking goys.

To in any way participate w/ this places a mark on one's psyche. The proverbial seal on the goy's forehead. It's not a mystery as to what's shaping up in the world. Welcome to the end and congratulations on picking your side... and no there is no going back for you've been documented in an immutable ledger

>Bitcoin hits 18k
>Bitcoin crashes back down to 15k
>Bitcoin at 15k is still worth more than 14k, which is what is was yesterday
>tfw bitcoin ''''crashes''' and is still worth more than what it was just days before

Kek, I love bitcoins.

My question was meant to be a real question, because I have no Idea.

This leaf clearly understands what this shit show is all about.

>women get in crypto
>becomes unusable
The perfect plan

>BITCOIN BANNED IN KOREA LOL BTFO

coindesk.com/report-bitcoin-derivatives-banned-south-korean-government/

People who keep their BC in an exchange deserve to be hacked.

>that jewy feeling when the beast system funded my survival of the beast system

Couldn't they just use a VPN? Like they do for porn?

That wasn't an exchange, retard

Isn’t that the issue? If they’re processing out of their cash reserves (or external company investment), instead of the client fiat cash deposited into exchange accounts, they can never cover trades (and why would they) as BTC increases in “value”exponentially. Exchanges never cover liquidity.

Post screen cap or STFU

Banks do the exact same thing

^USEFUL IDIOT GOY willfully trying to convince others to get a mark in their foreheads now that he has one in his.

And here it is in plain sight in case you're confused or favor excuses in the end :

re·peat·ing dec·i·mal
noun
noun: repeating decimal; plural noun: repeating decimals
a decimal fraction in which a figure or group of figures is repeated indefinitely, as in 0.666… or as in 1.851851851….

Right there in front of your face. How does this relate to bitcoin? It's very principle is in a repeating and infinite decimal digit that obfuscates what it truly is. If you've ever touched this shit, you've been permanently marked and recorded in a ledger that will be read off in the end. Welcome to hell you dumb fucks... The wait has been so long.

Now you know and therefore there will be no excuse on the day of judgement.

sage this shill

>retard thinks bitcoin will grow for ever
lmao, I just wanna see you faggots coming here crying because you cannot exchange your bitcoins to real cash when its starting to crash

I know how this is going to sound. But I'm on mobile and the app won't let you screen shot. I sold 1 usd worth to test and it worked fine.

Not an account ant or lawyer, but in US I believe if you mine a bitcoin you’re taxes as a commodity or product (like a farmer that grows corn). If you invest or trade it’s as an investment and subject to capital,gains etc (like a broker that bets on corn). But, hey .. if you’re at that level, you need an accountant or lawyer.

stop trading bitcoin and finish kstv2 sam

> Who gives a shit if I'm the foot soldier of some kike who gets payouts by luring people into their trap
> Who cares if I have to give a kike 8% here.. 20% there.. At least I'm getting some bread crumbs for myself
> The irony is in you stating your true intentions, being recording in an immutable ledger, getting so little for what it will ultimately cost you, and not understanding the magnitude of what you've done.

In the past and w/ less understand, man was w/ excuse. No more in these days is man w/ any.

When he comes for you, remember this day and remember your words.

Oh, trust me women are piling in. Nobody is immune to the latest get rich quick scheme. An old friend of mine has been dating this scam artist woman who convinced him to take a 100k paypal loan and dump it into Bitcoin. Another FWB of mine texted me today out of the blue to ask me if I was on the Bitcoin train.

The normies are all flooding in, should the most spectacular crash we have ever seen.

Is this going to be Mt. Gox v2?

>you’re taxes as a commodity or product (like a farmer that grows corn)
So is all the money I spend on electricity etc deductible? If not I'm going to get royally fucked

I was on the last time it crashed from 11 to 8.5k and almost drown in tears from coiners, from not being able to sell asap
also, 1000% gains from a 100 bucks investment is a stupid way to think of it as a real good stock

use litecoin, doge, any other sidechain. good luck scaling for micropayments onchain and staying decentralized...

Nah