Bitcoin just broke

/biz/ on suicide watch.

Other urls found in this thread:

youtu.be/faa4N0LdiTU
en.wikipedia.org/wiki/List_of_banks_acquired_or_bankrupted_during_the_Great_Recession
foxnews.com/politics/2012/07/26/economy-lost-more-than-200000-small-businesses-in-recession-census-shows.html
businessinsider.com/valve-owned-steam-has-stopped-accepting-bitcoin-2017-12
youtube.com/watch?v=OI-9iMrWRrw
coinmarketcap.com/
youtube.com/watch?v=QQr9GAEgjXs
youtu.be/Xmi-GtBG5vw
twitter.com/NSFWRedditImage

The economy had a 4% decrease, but overall still up by 40%+ since trumps been president.

Bitcoin on the other hand, has totally collapsed lmao

>crypto dip has been going for 20 days
>stock dip has been for 2 days

It dipped by 1,500 & at the last few hours it already climbed by 400. It's already recovering, lmao.

Buy the dip.

>open /biz/
>see pink wojaks everywhere

Ya, but how low is the dip going to go. I just got my tax return and I want to buy back in but I think it's going to go below 5k, maybe even more.

...

Go buy more of your imaginary currency little goy.

>Bitcoin on the other hand, has totally collapsed lmao
>totally collapsed
It's still 5x higher than it was a year ago.

And Bitcoin is up 500% since Trumps been president. Faggot.

& when it's worth $5 it'll be 500x higher than it was on day one. Want a cookie?

The DJIA is not the economy dipshit

Yet Bitcoin is still dropping & the DOW was already recovering lmaooo

the 20 days wiped out 2 months of crypto gains

your 2 days wiped out 3 months of boomer gains and it's only gonna get worse

3 months? Try 45 days.

Your payroll being serviced by financialization is including pensions, 401ks, insurance companies, banks, credit.
Stupid ass nigger

try 60

Try the DOW was already recovering by 400 before it was closed.

who do you serve bitch?

BTC does this every year without fail. It will correct itself by March and we’ll have another summer where it skyrockets in value again. Buy now. Cap this or stay a poorfag forever

I serve myself, I'm an ashekenazi Jew & I know more about the economy than every bitcoiner alive (and the ones who killed themselves after today)

show me your "recovery"

it'll bounce back for sure!

Do me a favor & put your money in my bank

...

what should a good goy do with his shekels?

so you fell asleep at the end and didn't realize that "400" pts was getting vaporized huh

Put your money in your bank, we'll invest it for you & give you some interest. No risks.

Those companies are still in business with solid and growing earnings.

Share price speculation is often disconnected from true company value.

Considering it’s done so literally EVERY FUCKING YEAR since it’s inception I think I’ll rely on actual data rather than FUD. Fiat is going to die and there’s nothing you Jew faggots can do about it

has no use other than a get quick rich scheme
goes up to 22k or whatever for no reason over a few weeks
china is now banning it and also foreign exchange websites
US banned credit card buying
US is about to apply major regulations to exchanges and if the exchanges don't play ball they will ban all bank transfers to and from their exchange.

All of /biz/ right now
youtu.be/faa4N0LdiTU

BITGOYIM

It kinda is unless you’re a welfare nigger

I have faith in crypto, america is too corrupt for a global economy to fail
It might drop some more but i have no doubt it will recover faster than stocks

Its little pleasures like that that make life worth living

I bought$100 worth at 8500/8200/7900 drops.
I obviously screwed up on timing but you just gotta buy a little at a time as long as your bank isnt gay with charges

>It-It's not a b-bubble, guys
>it's not a tulip contract, p-people somewhere are using bitcoin to buy things
>It's scarce, there is no way to create new crypto coins like litecoin

>holy shit they go up and down it's exactly the same

companies who accepted bitcoin must be shitting themselves right now

LOL, being this fucking stupid..
en.wikipedia.org/wiki/List_of_banks_acquired_or_bankrupted_during_the_Great_Recession

foxnews.com/politics/2012/07/26/economy-lost-more-than-200000-small-businesses-in-recession-census-shows.html

I guess conglomerates who absorbed the assets of bankrupt companies is solid to you.
Earnings aren't solid/growing. This is reflected in historically insane P/E ratios..

Keep smoking that hopium.

You always get the most idiocy right at the top.
LOL, every singe time. HAHAHAHAH
>It-It's not a b-bubble, guys
>it's not a tulip contract, p-people somewhere are using bitcoin to buy things
>It's scarce, there is no way to create new crypto coins like litecoin
Every single time... then
> BOOM
> BANG .. down 50%.. down 70%.. ahhahahaha

just a flesh wound. buy buy buy.

kek it's always like that when shit hits bottom lol

I'm usually there, but not right now. Playing civ.
When it is like this, it's just the same threads all over. It's funny for 10min or so then you have read it all lol. I'm expecting it down at least a couple of thousands more

Why? unless they were morons any business would immediately exchange for hard currency.

when it comes to investing in crypto slow and steady wins the race

keep on hodling, will surely go back up

everything is a bubble user.
psychology of the masses

its funny how gabe saw what was coming and stop steam accepting them as payment

I believe in crypto too. Problem is the scaling issue. You can't build a global economy with 40 dollar fees let transaction.

this is what happens when pretend tinfoil is the new gold standard. kek

>Why?
businessinsider.com/valve-owned-steam-has-stopped-accepting-bitcoin-2017-12
Steam, has stopped accepting bitcoin because it's so volatile

this is why

The bigger they are...

what fuckin world is this

Why is ETH falling too? It was supposed to be a safe bet.
Are other cryptos falling as well?

>.001% interest
>1.5-2% avg inflation

nah, btc is the backbone of everything.
When it falls, it trags everything with it.
When it rises other coins rises too.

some think that some of the bigger alts or btc forks is going to replace it, but I doubt it, at least not with the first.

we all knew this was going to happen thats why i didnt buy fake fake money with my fake money

youtube.com/watch?v=OI-9iMrWRrw

I wish I bought the fake money now that I know how stupid people are. I thought everyone could see how worthless it was, I was wrong.

I will get rich on the next manic bullshit garbage meme by profitting off idiocy.

literally every crypto is going down
coinmarketcap.com/

I been waiting to post this dank motherfucker all day long

...

>real money

Cucks like you who support central banking will be among the first to hang.

Scaling is a non-issue. It's Blockstream propaganda.

>not investing in gold instead

This dips are what will keep it alive and healthy, this won’t be stable for years

>using a 5 day chart to gauge the state of the economy
>fruitfly_investing.org

The dips help to find new buyers.
But eventually there's a dip without buyers.

>Dow crashes, last year worth of gains are lost
>BTC crashes, still up 700% from 12 months ago

Buy da motha fuckin dip..puhaha (see u at 450 bitcoin, while u sucking Dick to make rent)

HODL YOU MORONS
There is a diamond wall of support at 6.1 k. It will never fall veyond that and will moon to 10k.
BUY THE DIP

ONE

NOTHING WRONG WITH ME

kek i hope someone bought a whole one when it was 20k

youtube.com/watch?v=OI-9iMrWRrw

>Are other cryptos falling as well?

lol

I made a couple hundred dollars.

people who went nuts and spent thousands on graphics cards assuming they'd be able to make money from them forever are the ones who are getting screwed.


graphics cards prices are already falling , so there's a bright side

their catalog is just...beautiful.

Coincidence that the US Senate hearing on cryptoscams is tomorrow?

All of /biz/ is going to hang themselves tomorrow when BTC is sub $4k.

no. buy the dip. mainstream news is what drives these monkeys. Tomorrow they will call the bottom as the SEC announces they support crypto.

Sounds comfy.

Who here ready for cheap GPU?

Welp. we're coming up on the 6k mark.... come on baby, show me 5k. Daddy needs a new set of lulz.

BTC doesn't use GPU's to mine anymore. Now they use ASICs. However, if ETH keeps following BTC down, you might get some cheap GPUs.

What's next for this kid?

this meme is retarded

But BTC has been falling for weeks. If anything it's other countries doing it first.

Did he actually cash out? Because it's as worthless as saying you have money from stocks but don't sell.

ITS FINE YOU IDIOTS.
youtube.com/watch?v=QQr9GAEgjXs

youtu.be/Xmi-GtBG5vw

5 cents to go!

Literally been saying that to every buttcoiners I've seen. That one day, in the very near future, I'd open up /biz/ and it would be filled with red wojack retards.

Everyone, no matter how economically illiterate, knows the following three rules of investment:

1. Diversify: Don't invest everything in one stock, something buttcoiners have done.
2. Risk assessment: You can invest in very safe stock (e.g. apple) which will give you a good return on your investment or have more risky and possibly more rewarding stock
3. Don't fucking invest money you cannot afford to lose.

Buttcoiners literally broke all three rules:
1. They went all in
2. They invested in a thing that is highly volatile, sometimes going up and down by as much as 50% in a day
3. They invested money they couldn't afford to lose

And to make things even worse, buttcoins have a very high transaction fees and very low liquidity. You cannot cash out your bitcoins at a moment's notice, which should of already been a huge red flag. And like this is not bad, they are (almost) useless. The people who accept buttcoins are very limited and the fact that it is so volatile and has high transaction fees makes it really bad to use as currency.

Only a retard would ever invest in it. Even people who don't know shit about investing know to stay away from it.

>bbb-but I bought a lambo with my mad returnz
You got lucky. You could of very well lost everything.

Sold my last coin yesterday afternoon to buy a new TV. I paid less than $1000 for it.
Feels pretty good.

You deserve a this.

Gee it's almost like it's a horridly unstable cyptocurrency that borders on ponzi schemes

>amazon had negative earnings for years
>now one of the most successful businesses in the world
>other companies following their model
keep being a moron. it makes life easy for the rest of us.

Holy fuck! I haven't looked until I saw this thread, it has dropped 4K since I last looked

it was never because of the volatility, that's just what they said to avoid pissing off their geek fanbase
the real reasons were that it was a retarded bubble from day 1

It's going to drop another $4K tomorrow and $2K the day after.

I'm buying back in when it goes below £10