I literally heard about bitcoin in 2009 and mined 50 bitcoins with no effort before I gave away a few, forgot about it and sold the remaining 48 for a little over $5000 in 2013 laughing at the retards that bought it
>had 1000 bitcoins >deleted my wallet since you couldn't buy anything with them anyway
Camden Edwards
>deleted $20,000,000 lmao
Justin Lopez
>mined 0.3 BTC for fun in 2012 >still have it
Austin Taylor
So the "hate" is just a code word for "i wish I didn't sell it like a retard"?
Robert Miller
This. Salty Nocoiners.
Sebastian Campbell
>OP makes thread because he's bitter about being a weak handed poorfag.
Bentley Adams
meh, it'll pop (like it already did) but bigger and better dont think it'll actually be useful as it actually failed as a currency if you're that kind of materialistic you can trade real stock or at least pick an altcoin
Cameron Cooper
fuck off back to
Jackson Roberts
this is a Sup Forums discussion retard, blockchain technology is literally useless, it's a decentralised database that literally adds no value and it's overhyped by retards hurr durr this is the next interwebs durr. bitcoin is even more useless than blockchain, only criminals would like to get paid in bitcoin because of the volatility and its only a matter of time before crypto currency is banned worldwide
>open link >"It made the currency deflationary by nature. Ask an economist, no one thinks it’s a good idea long term" Fucking bullshit. Inflationists must be physically removed from society, or so to speak.
Parker Torres
>want to donate $5 in BTC to my favorite open source project >$50 transaction fee minimum >2 weeks to get any confirmations
Ryder Evans
I sure hate the $150,000 in my bank account
Brayden Morgan
LTC :D
Julian Bell
Buttcoin is a weird currency, it's drived up based on people thinking it's worth hoarding so the more they hoard and meme on the internet the more it will be worth since no one wants to cash it out. It's like the old troll physics from Sup Forums but with money, it's worth trillions as long as you never use it, it's kinda poetic in it's own way.
I think it's a pretty cool concept when looking at it from a third party standpoint, I would never invest in it even if the ROI is supposedly to be the highest thing right now in the planet. I don't want to start shit with biz anons but if this thing was solid and perfect you all would have to be competing against the big wigs. pic related but instead it feels like this whole thing is an experiment and crypto miners are the guinea pigs.
Logan Stewart
BCH is cheaper and more secure.
Levi Walker
How would loans work in a society with deflationary currency? How would investment if you can just sit on your cash instead and get richer?
Kayden Robinson
Does it have a future as an actual currency? I just want buy coffee with cypherpunk money, damn it. Is it too much to ask?
Lincoln Martinez
As if people would actually invest if loans weren't so cheap thanks to amerifat free federal money.
Jace Perry
...
Angel Moore
Cope harder.
Michael Jones
My doki doki couldn't take it.
t. no coiner
Mason Flores
Almost like people would stop spending or "investing" in stupid crap if it doesn't actually earn any valuation over time. ACTUAL value by the way, not nominal.
Nah, normalfags just see it all as an "investment" and not something to use so it won't happen until the bubble pops like the dotcom bubble and garbage like pets.com is purged.
Should I consider Bitcoin mining with rpis? Low investment, low power requirement. It should pay for itself quickly, shouldn't it? I'd be happy for it just to return the invested money.
Josiah Gonzalez
BTC to 25K LTC to $500 ETH $1000 BCH = garbage can
Jonathan Gray
>normalfags just see it all as an "investment" and not something to use Then there isn't much incentive to not exchange it for BTC and hope for another fork, eh?
Kevin Wilson
> doesn't understand blockchain works > "its useless" this is a tech board, gtfo nogger
Joseph Williams
Yep. Especially when most trading volume is in BTC pairs.
>Bitcoin mining with rpis? No way. That never worked.
Henry Hall
Number of nodes makes no difference so you've just revealed you have no idea what you are talking about. Miners are what makes it secure not nodes.
Kayden Diaz
Okay, so no new businesses or morgages. Why wouldn't consumption also vanish if you were so strongly incentivized to hold currency, taking the economy with it? Bitcoin has all the problems of gold, but further exacerbated.
Juan Martin
I only hate bitcoin because a guy I hate bought a lot of bitcoins at $1,000 and now he's fucking rich. A lot of people I know made a lot more but I can't stand that guy and his grin whenever bitcoin goes up.
Samuel Nelson
>now he's fucking rich. Has be cashed out yet? Because if he hasn't, he isn't rich quite yet.
Justin Perez
...
Connor Smith
i'm not the guy who was claiming inflationists should get hanged, what i meant is that it's not inflation what really drives investment, it's cheap loans. Even with inflation if banks didn't get free money, most people would just deposit their money cause banks would have to pay the common man more for it or they'd just put it on land/real state/govt bonds like they already do to evade inflation. Some people put it in company bonds which helps investment but only when ROI beats inflation by a long run.
Aiden Jones
Can someone explain to me why investing in Bitcoin is a good idea? You can't use that shit for anything. And what guarantees that they will keep their worth?
Bentley Taylor
>You can't use that shit for anything. Wrong. You can buy drugs.
Isaiah Long
not much compared to others here, but i made a purchase order in 2011 for 50
i had my CC ready but they wanted me to leave the house and go to a bank, and i dont like people
so yeah thats why im not rich
Matthew Williams
Not anymore really, with the huge mempool and tx fees. Most vendors no longer accept bitcoin.
Kevin Moore
>Can someone explain to me why investing in Bitcoin is a good idea? cause you make mad moneyz >And what guarantees that they will keep their worth? that other people keep investing in it
Jacob Murphy
The problem is volatility. Nobody has a fucking clue what the actual mean value is. So since I don't sit at home watching and waiting to catch individual bubbles at their crest to re-buy later, I'd rather use gold as a store of value.
Christian Mitchell
It's a pump and dump ponzi scheme scam
The only people who like it are scum devoid of morals who prey on new users who buy coins and drug traffickers/shady people
Jace Ross
>people thinking it's worth hoarding so the more they hoard and meme on the internet the more it will be worth since no one wants to cash it out. The so-called bitcoin deflation problem
Xavier Thompson
>feels like this whole thing is an experiment and crypto miners are the guinea pigs. But it's literally that. Ponzi scheme for the 21st century neckbeard
Henry King
Think i heard one can cash bitcoin in for %50 or so.
Brayden Jenkins
Dogecoin bagholder here ur missing out
Elijah Turner
>it's a retard concept >but there are plenty of retards in the world >so why not cash in
pretty comfy senpai. 150x my savings and now im safe and secure. no more taking shit from my boss because he knows i can quit at anytime.
I cashed out as soon as i had enough to live comfortably. no more checking price every hour for me.