Its not real

>its not real
>its a bubble
>its crashing
>its tulip mania
>its a bulltrap

its breaking more all time highs

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so try and cash out. let us know how it goes.

It will evetually drop and some will be broke and others will be rich and the world will keep turning.

dot com bubble all over again.... History is doomed to repeat itself.

Literally cashed out £1k of ethereum yesterday. whats with this "cant cash out" meme? most trading apps let you sell coins instantly and directly transfer to your bank..

People have been telling me it's crashing since it hit $1....

Can you tell the P/E rating for bitcoin??

ive cashed out some of it multiple times.. really you need to stop parroting this fear mongering myth

74.6

can you tell me the p/e ratio for gold or the u.s. dollar?

Gold is about 27. I have no doubt that bitcoin will be here to stay. But it's currently a speculators market. There's money to be made, but it's not an investment, it's a gamble. All I'm saying is, only put in what you can afford to lose.

Do you see a problem with that number?

that should be a given with everything..

dude I made it up just to mess with you, if you knew what you were talking about then you would have known that the price of 1 btc is 1 btc

No it shouldn't. There's no underlying value for bitcoin. It's a complete gamble. And there's nothing wrong with that. But there's going to be a lot of upset people in a years time that thought they were going to make the big time. Just like the dot com boom.

Yeah wow good one. You got me.

Pure speculation.

>its not real
>There's no underlying value for bitcoin

currencies of the world == A Debt Based Monetary System

why would you convert a deflationary, sovereign currency into a inflationary currency controlled by a couple of people? That makes no sense.

Also, of course you can convert that you retard, it's hard money.

It's funny how people who understand nothing about Bitcoin immediately are able to classify it as a bubble or as "speculation".

You obviously don't know the difference between investing and speculation.

Oddly enough bitcoin has more underlying value than real currency. The former is backed by a computational algorithm the other is literally just promises.

That's the stupidest thing I've ever heard. Currency is backed by a central bank. Bitcoin was created by some unknown person on a computer and backed by a whole lot of people that think they are going to be millionaires,

>Currency is backed by a central bank
It is not backed. It might be "protected" by them in the sense that they want to stabilize it.
But if it goes down it goes down.

How does this contradict what I said? Both have value because we agree it does, the difference being currency is just promises while this bitcoin thing is promises plus computations.

Ok, so you don't even think the currency is worth anything, so what makes you think bitcoin has a worth?

Your name is Richard Herrera.

>"cant cash out" meme?
it's FUD generated by whales still accumulating in an attempt to keep the price down.

i mean, it does crash. all of the time. it goes up 800%, crashes 500%, time and time again.

overall it's an upward trend, but people who buy at the peak then sell at the low get salty

Bitcoins computational algorithm is 0. Human's have decided it's worth $10,000. Hence why it's a speculators market.

I'm a coiner (50% BTC, 30% ETH, 20% ARK) and I agree it's speculation. That doesn't mean it's tulipmania, but it is definitely a speculative investment.

I think it'll keep going up though.

same with any currency really

It works and factors for the currency it creates. It's time = worth. I'd explain the whole concept to you, but we don't need more rich morons. The future's only outcome is running on cryptocurrencies.

>Ok, so you don't even think the currency is worth anything, so what makes you think bitcoin has a worth?
It is worth whatever the people think it is worth ... all in their heads. Which is ok, but you have to know that.

I'm really angry about myself that I didn't buy bitcoins when they were

That barely made sense. I have no doubt that cryptocurrencies have a place in the future. But it's not bitcoin. And the people that are buying it for over inflated prices are going to be very dissapointed just like every bull market before.

Lol "it's too late now"

Ok my man. Sure

Cashed out a few thousand a few days back with no dramas multiple times. Is there a thing about being unable to cash out?

When it hit $1 I thought "it's too late"

When it hit $100 I thought "it's too late"

When it hit $1000 I thought "it's too late"

When it hit $10,000 ... I was excited because I bought at $5,000.

Are you scared of calculated risk? You're just another one of those people who say it's going to crash every week and you ignore the graphs, the monthly growth, the bidding. As long as people choose to spend this currency and people will take it (which is becoming more common) it'll have a market. Eth is backed by Microsoft and JPmorgan, I bet you'd like to argue with them too

I was mining bitcoins on a laptop at the rate of hundreds per day when they were worth less than a penny each. I decided it was a waste of electricity and the whole idea of cryptocurrency was stupid and would never take off so I deleted it and didn't bother with it again. I literally would have been a billionaire now if I just left that thing running.

can someone send me some btc?

You're that stupid that you're repeating what I'm saying. Calculated risk is what I'm talking about. Only put in what you're willing to lose. It's a speculators market not an investment. And people aren't spending bitcoin that's the problem. They are comparing it to the dollar. If you disagree with that than you have no idea whatsoever

I would probably kill myself. Seriously, couldn't live with that.

lmao you have no idea how bitcoin works do you

nice story though

How many?

This and it's insane that we haven't switched to a coin yet. this rocketing of the value does make it hard to use though

This I remember I lost a few bucks because there was a slump while I was trying to buy acid

Well everyone here is a failed billionaire unless you were like 2 years old when bitcoin was invented.
Huh? You used to be able to mine btc on a cpu.

There are altcoins right now that with minimal effort could make you millionare in a few years.

.00001
Livin life in the sky

MIOTA

Lies. Crypto is a gamble, whatever form it takes. Will it replace printed/digital currency or will the jews shut it down is what it all boils down to.

That's why I hold only 0.06, on the off chance it ever hits $1 Million, like McAffee predicts

I either have $60,000 in 3 years, or I see a penis get eaten... Win Win

So basically your saying currency is controlled by jews. Then a goy came along and tried to out jew the jews by creating his own currency. And now youre butthurt

Bitcoin is backed by utility. It has an inherent value because it can be used for things that normal money can't, and thus the people who want to do those things need to buy it and a demand is guaranteed.

Fiat money doesn't have any inherent value. It only has value because the state says so.

you talking about our current global banking system and trading debt?

Fags in here talking bitcoin where the ship to make money on it has sailed. Litecoin and QRL is where it's at faggots.

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