This is why bitcoin and cryptomemes will never be taken seriously

This is why bitcoin and cryptomemes will never be taken seriously.

Other urls found in this thread:

reddit.com/r/NiceHash/comments/7i0s6o/official_press_release_statement_by_nicehash/
cointelegraph.com/news/dogecoin-exchange-founder-ryan-kennedy-in-hot-soup-over-theft-of-bitcoins-money-laundering
yegor256.com/2017/08/15/bitcoin-pyramid.html
twitter.com/AnonBabble

Fake news bruh
The market cap is still growing

yeah like banks

Banks get robbed every day across the globe, losing billions more.

>People storing their bitcoin with a third-party service shocked to discover service is only motivated by profit and not looking out for their client's best interests

Nah, this is fine. Sucks they loose their bitcoin but this puts pressure to develop systems where this doesn't happen anymore. Ethereum's doing a great job of this when they aren't trading cats. Of course it's still wild west times in crypto, did you miss the entire 80s internet? It's just like those days all over again and it's amazing.

>make believe computer money
>copy file
>steal money

How exactly does something like this happen? You can't exactly hold up a server at gunpoint and tell it to put the money in a bag.

it's just some website got hacked

reddit.com/r/NiceHash/comments/7i0s6o/official_press_release_statement_by_nicehash/

No, I am why.

>make believe paper money
>ask for bank account
>steal money

It will never be taken seriously because the community is full of poorfags hoping to make a quick buck, who couldn't care less about crypto as a currency.
>supposed to solve the problem of centralized currency
>the average retard stores his coins on a third-party centralized service, akin to a crypto bank
>years later, no closer to being a viable currency
Really makes me think.

>don't lose your money because you're FDIC insured!

Fuck, missed early access on this.

Is Ξ really going to be the currency symbol of Eth, and if so, what the almighty fuck is with the prices on the homepage, those starter cats are like $200 fucking dollars

If you are smart enough to encrypt your file or use a password, that can`t happen

>Needing big daddy government to hold your hand

I've cashed out $89,000 from my Bitcoin account just last week. I have nearly $500,000 left there right now. I've only been in this since July.

Beats working at Walmart.

the black market uses it as a viable currency

>nearly $500,000 left there right now.
Which could easily become 5,000 by tomorrow night

You say "daddy" like it was a bad thing. Were you raised by a single mother? A father is a good thing, user.

Sure. Which would still put me well into the green.

DELET

Yeah but he already cashed out $89,000 whereas all you've done is make snarky posts on Sup Forums to cope with the fact that you missed and are probably still missing the boat

fucking loser

There is no anything valuable to rob in banks (maybe 10k and personnal safes)

>heist
come the fuck on now, that's almost as bad as
>rape survivor

good goyim gold, silver, diamonds, priceless pieces of artwork, and other non-digital "monopoly money" have never been stolen

>I've only been in this since July
How much did you put in? I don't believe you numbers, no one would drop such sums on here, when bitcoin is public.
>Bitcoin account
>account
Yup, you're full of shit.

Funny you only see Bitcoin threads on g and pol when it's either rising or crashing

A lot of bitter faggots missed out, or were duped into some scammy altcoin

Oh I thought it was because:

>You want to buy this $12 game? that will be $12 + $20 transaction fee and it will take 30 minutes to process your payment.

This. There's no such thing as "freedom money". Money enslaves us. While there's money, there's no freedom. Bitcoin is a tool of the Jew to fool us.

i know this company. Its inside job. He is known hacker/scammer.

also this has no effect on cryptocurrency general

Moneyless society when?

>technology board
>he can't even discuss bitcoin or cryptocurrency, only resort to bringing up the sole merits as a for-profit commodity
Brilliant.

What did the random people in red attire sign up for? They all died for random retarded shit.

Missed out on what? It's a fucking pyramid, you fool! Can't you see you've been bamboozled?

I know OP is a troll, but it's hilarious how butthurt people are that they didn't buy beans when they were cheap. See you on the moon, faggots.

Good luck cashing out when the market crashes.

They kept it all in a wallet on their server instead of having an air gap and a offline wallet with someone having to prepare all withdrawals manually.

Mongoloid coiners who fell for the Ponzi scheme speak just like the low-IQ regards who fall for MLM schemes. I don't pity you, you deserve the fate that awaits you.

retards*

>t. upstanding republican boomer businessman with real connections and hard work ethic

Enjoy selling Herbalife and Mary Kay, you moron.

I wasn't that other guy. but seriously, it's all about timing. if you bought BTC in July you'd be roughly 8x richer today. I don't call that a bad spend of your disposable income as a speculative investment

Well memed, no-coiners. I'll let you smell my lambo after I'm done doing doughnuts on your front lawn.

You and all the Herbalife salesmen in my area too. I can't wait to smell several lambos.

I just had an idea. What's stopping me from setting up a site, a crypto bank, where I offer bitcoin for money? I bet I could trick a lot of retards into buying them, only that there would be nothing behind it. I would just take their money and attach a number to their account representing how many bitcoins they """own""". I could start a bitcoin bank without having any actual bitcoins to back it up. And when they'd want to cash out
>oops, database error, sorry :)

Nothing. It's completely unregulated.

I have very little fiat invested. I bought in early. If bitcoin is kill, I lose the equivalent of one paycheck. If bitcoin is live, I am a multimillionaire. So far things are looking pretty good. I believe in the technology, so I didn't mind investing in it.

this has happened a lot of times in bitcoin history, and it's basically a pyramid scheme. beware that as long as you deal with fiat it won't be too hard to track you down.

LARP

Yeah, but what could they charge me with? It would be a scam, but would it be also a crime?

>he threw one entire paycheck into the garbage for nothing

for some reason I think of some smelly pajeet or guy in nigeria that is the shitscum of the earth cooking up ways to screw people over like a dirty bum needing offed

have fun "scamming" piece of shit, your ass isn't smart enough to not get caught. enjoy your jail time I hope you rot

Yeah, it's still a scam. Financial fraud is a crime in most countries.

That reason is called racism.

why would you cash out after a crash? are you retarded?

I lost 17 BTC to this piece of shit:

cointelegraph.com/news/dogecoin-exchange-founder-ryan-kennedy-in-hot-soup-over-theft-of-bitcoins-money-laundering

when DOGE was flying high and I cashed out in BTC to "invest" in his pyramid scheme.

even if "early" means a month ago, he's already doubled his investment. you're the dumb one for missing this easy money.

It's a smarter investment than stuffing it in the bank imo. There's no reward without risk, your options are to spend that money on useless shit, put it in the bank where it stays the same amount, or to risk it. The only choices you have in risking it is the ratio, low risk low reward to high risk high reward, there's nothing else you can do with it, if you're already financially secure there's no reason you shouldn't be risking your extra money.

You have to realize he only potentially threw his money into the garbage, the possibility that he pulls out 2x or even higher is there, it's just not something you can guarantee one way or the other but if you can't accept a 100% loss then you shouldn't be investing in the first place, if you can stand it, then there's no reason not to.

Basically, why not?

You realize that 1BTC = $16,700 USD, right? Is there anything you've invested in that you've seen a 4300% return on in 3 years?

>numbers on a screen tell me I'm rich and I believe it
>lol you're dumb for missing out on free money
Your dad must cry in the shower...

You sound just like Mary Kay recruiters. And just like the MLM schemes, it's all talk. Nobody actually knows a real flesh and bone person who actually made money IRL by investing in the scam, it's only fantastic tales about how much you could've made if you joined last month but wait there's still time join now hurry you can get rich in no time. Yeah nah I'll pass, thank you.

>numbers in my bank account tell me I'm rich and I believe it
>piles of paper with presidents faces on them tell me I'm rich and I believe it
>bricks of shiny metal tell me I'm rich and I believe it

You can apply this to any currency or store of value. I agree that it means nothing until I cash out or spend it somewhere, but I can cash out right now or buy things with btc directly should I choose to do so.

...

If this isn't a fucking Ponzi scheme, then why do you faggots have to try so hard day and night to convince people online that it's legit and attempt to "recruit" them?

If this was a real cash cow, you'd keep it to yourselves. But it isn't and you know it, and you know that your profits depend on more people joining the pyramid. Which is why you try so hard. But only the very first in the scheme ever make a profit. You guys are pretty much fucked.

I've been bamboozled I tell you

>You sound just like Mary Kay recruiters. And just like the MLM schemes, it's all talk.

I don't give a shit if you buy BTC or not. It's not really a 'fantastic tale' that people made loads of money, and I can't guarantee what BTC will do in the next minute or over the next few days. I just believe in the technology so I spent my own money to invest in it. Nobody can make any promises about what BTC's USD value will look like at any given moment. They can make predictions, but nobody has a crystal ball. Saying it will crash is speculation as much as saying it will go to $1,000,000. Regardless, I bought a ticket to ride and it's turning out to be a profitable ride.

Sure, you're rich but you'd rather be spending your time shitposting on an online Malawi forklift operation imageboard instead of going out and enjoying your wealth. You're totally not here because you know more people have to join the scheme otherwise you lose your money, of course. You're just being kind and doing us the favour of informing us of the real cash cow that you found, 100%.

why come they before take the first of the earnings from me?
Has anyone really been far as decided to use even go want to do look more like? You've got to be kidding me. I've been further even more decided to use even go need to do look more as anyone can. Can you really be far even as decided half as much to use go wish for that?

>attempt to "recruit" them?

When did I attempt to recruit anybody? Don't buy bitcoin. It's not my problem. You sound like one of those people that said the Internet was a fad in the 90s.

I don't know what to tell you, that's how investments work. You buy low early and sell high late. I'm willing to bet you feel this way for the simple reason that there's no benefit to giving you advice, me making money and proving to you that it's possible doesn't benefit me, and in fact is a waste of time, which is why it's not worth it to prove otherwise.

You're welcome to feel that way but sometimes people are just being genuine and saying "I made a buck, you could too".

"The Federation"

>you're rich but you'd rather be spending your time shitposting on an online

I'm not rich yet. Even if I was, I'd still enjoy shitposting. And anybody who's paying attention knows that buying Bitcoin any time in the last few years has turned out to be a pretty spectacular investment.

Is this fucking Google Translate?

It's literally just gambling with higher odds at this point. It's not a matter of if the bubble bursts, but when. The whole gamble is getting on and off the ride at the right point.

The fact that people cash out to fiat, shows it's nothing more than a casino on rails where people are betting each other as to who can stay on the ride the longest.

newfag

Found the newfag

Newfag

>It's not a matter of if the bubble bursts, but when.

Remember when the internet bubble burst and people stopped using the internet?

Remember when the dotcom bubble burst, and thousands of people went bust, then it was rebuilt on stronger foundations?

I'll be here for BTC2, thanks.

yegor256.com/2017/08/15/bitcoin-pyramid.html

It's already here, it's called etherium :)

my nigga keep posting that article, you're doing god's work

You mean pedocoin?

Again, thanks.

>Moneyless society when?
Literally fucking never
As long as the concept of value exists, which it always will, "money" whatever form it can take will be the reason of living.
It's impossible to be happy without money.

If you had any, you probably would have dumped your Amazon and Apple stock during the crash.

>TFW your currency is derailed by cats

I never implied that it would kill the technology. Maybe the next cryptocoin we'll figure out that it requires some means to control hyper deflation.

Also I don't know how to concisely prove my initial investment, it was ~$800 over 2-4 transactions, here it the market value right now for ETH. BTC is simillar.

I don't need anyone to prove to me that they made money on this. I regret listening to people and not investing in BTC when it was in single digit USD, I regret doing the same for ETH but at least this time I got in at double digits and now I'm sitting on 5 figures.

Believe it or not, it doesn't benefit me if you do or don't, I'm just stating my case, maybe you'll do the same and lose it all, it's possible, maybe the value will go down to 0 in an hour and I'll lose everything, it's possible. that's investing, professional gambling, on pure randomness and chance no less, but it works for a good number of people.

> that's investing, professional gambling, on pure randomness and chance no less, but it works for a good number of people.

It's funny how many people get upset about this. Taking risks to achieve results is just a fact of life. Sometimes you get burned, sometimes you come out on top. Bitcoin and crypto makes sense to me, so it was a calculated risk when I purchased.

What kind of logic is this. What the fuck do you expect bitcoin trading niggas to do? There's only so much to do right now than to just buy a bunch of shit and shit on it. And shitpost wildy while you got nothing to do

>Bitcoin and crypto makes sense to me, so it was a calculated risk when I purchased.

That's not what calculated risk means, but okay.

>Definition of calculated risk
1 : a hazard or chance of failure whose degree of probability has been reckoned or estimated before some undertaking is entered upon

Yeah, it does. I believed in the technology, and I estimated that it would see mass adoption. So far, my calculation has been correct.

Brutal

I mean I understand the fear, the first few investments are critical because they allow you to do more WITHOUT risk. That investment I posted alone is a good example, in a vacuum I now have 42K of profit, I can take that money and reinvest it elsewhere, and even if I lose 41K I still came out 1K ahead, the chances of me losing all of that money if I spread it across multiple investments is super low while the profit potential is large, even if half of my investments from that 41K lose I can still come out with more than 41K total from that second investment.

From that I would say without a good initial investment or without capital, I can see why some people would be reluctant to invest at all, furthermore if they do make the commitment and lose on their first try, I can see why they'd never try again, but if you do your research and try to make good investments, and win just once, it gives you so much freedom to do it again. It's all hinders on chance either way I guess.

>A chance taken after careful estimation of the probable outcome
Seems right to me. Even if the logic is fuzzy it fits
>I understand Bitcoin
>I see the use of it and thus the value in having some
>if it's possible for me to think this way, someone else may also think this way
>I will invest before they do, putting my faith in the project sooner, taking a larger but calculated risk for a potentially bigger loss or gain.

>Were you raised by a single mother?
This wasn't even directed at me, but it still hurt. Don't unleash that one user.

The fact is that Bitcoin is still a good investment in a gambling sort of way. People say Bitcoin and other cryptocurrencies are a Ponzi scheme, maybe it is, but Ponzi schemes still make money if you get in early. If anyone has money to burn, like say $100 dollars or maybe $1000 dollars, there is still a good chance you can make a good return on your investment. People who invest money consider 10% increase in their investment a good return. If you can double or triple your money in 6 months youve done great and its worth the risk of a small amount of money for that kind of return.

mind telling me how it was doen?
For research purposes of course?

>Not being raised by a single mother, only to grow up to be the man of the house, and then take daddy's place and violently pound her pussy every night.

What a fucking pleb, you are missing out a lot.

You didn't "estimate" that you would see mass adoption, you "speculated" that you would see mass adoption.

Big difference.

That's still not what calculated risk is. Calculated risk doesn't mean that you infer some broken logic about how other people would reach the same conclusion that you did, it's that you have some means to estimate the chance of failure, which you didn't.

Man up you pathetic beta cuck. Reddit antifa is somewhere, I suggest you go back or I will skull fuck you so hard your dead mum will say ouch.

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