Bitcoin hit 2500$

in cash bills ofc

Are you guys buying into this crypto scam with REAL money? How are you planning to cash out, buying real drugs?
gee

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Sell the crypto-money for real money, netting a profit, and buying silver.

Tempted to get in now. Would you be kind enough to offer an elaboration/ workings on your prediction?

Ethereum is the bitcoin 2.0, basically the same shit with improvement where bitcoin proved to be cluncky and once major improvement.
This improvment is smart contracts written in a turing complete langage (meaning any solvable problem can be solved with this language).
The philosophy of this coin was originally "governed by the law of the code, no human interaction"

There are 2 Ethereum crypto because they forked once someone succesfully completed a BIG smart contract but not using the intended way.
ETH is the fork that decided to rollback this transaction violating their own philosophy, ETC is the fork that decided it was a valid transaction since it didn't break the law of the code, the fault is on the crontract maker for not being careful enough.

Ethereum is also a framework to make application using blockchain technology easily, and also a super decentralized computer (all the miners) that you can buy to do your calculations for ethereum.
Big companies are jumping in :
zerohedge.com/news/2017-02-27/ethereum-soars-after-jpmorgan-intel-microsoft-and-others-form-blockchain-alliance

But once it will be big, people will realize that it once betrayed the code in favor of a big company, so this coin is actually controlled by said big companies, and people will jump on the twin brother ETC, that is the exact same thing, except the law of the code is unbreakable.

How is Jaxx as a wallet?

No idea I use bitfinex only, because I know they have been hacked once, so I'm pretty sure they more than double checked that everything was secure this time.

Always first.

It used to be that way. I don't know if that's the entire reason for it now though. A lot more people know about the (((Federal Reserve))) and the mechanics of money than, say, five years ago. Fuck, I remember creating Federal Reserve threads on halfchan Holla Forums while Libya was going down and probably only 2/50 posts knew what the fuck I was talking about.

I don't understand why ETC is doing well at all. It's a splinter of Ethereum. Why is it becoming valuable? I still believe it will always be far away in Ethereum's shadow, but if Ethereum keeps going the way it does, then perhaps it'll become significant.

On mobile, secure enough for day-to-day usage. Set a pin. Any large amounts of ANYTHING put in a paper-wallet. Or buy a hardware wallet

Not calling the top, but we are definitely hitting all the markers of a bubble now. So expect there to be major profit taking at some point.

0$

JUST FUCK MY SHIT UP FAM
FUCK IT UP REAL GOOD
ABSOLUTELY RUIN ME

Can you provide 1 concrete example of a thing that behaved this way?

hah my bro and I got 10k a piece for Christmas back when it was around 200 a piece. We were debated whether to put it all in bitcoin or experiment with day-trading. Went with day-trading, got up to around 25k swing trading CL futures, but eventually lost it all.

DON'T BUY, IT'S JUST GONNA CRASH

I should sell now and buy back after this peak crashes again.

The one time I bought a 4chan pass has cost me a good $100. Was not worth it, should've just held.

Prediction: if the Happening happens and the dollar crashes for real, BTC will rocket up out of control immediately after.

I bet all of my .21 on lepen
the woes

he,he wouldn't want the goyim to have financial independence from central banks would we now

I can only hope it crashes only after I trade for ETC after the user tip, because right now, the easier way for me to buy ETC is to buy bitcoins and trade them in shapeshift

Which is why it will remain popular. Who are the biggest criminals on the planet?

Regarding ETC:

Realize it's very much up right now, and not because of any fundamental news. Buying now is nearly buying at the all-time high, which you should never do. It may go to $50, $75, $100, but consider that it may also go back in 4 days to where it was 4 days ago: $8. Look into it but don't trade on an emotion of greed.

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it's more like: Don't buy it now

the next dip will be from 4k to 3.5k or something like that, the current increase come from the japanese economy being now linked to bitcoin. And the previous increase from $800 to $2k was from china using it to evade tax. There is no reason to even believe it is currently overevalued, there is not a single word in the mainstream media about it.

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not a single word? seriously?

WannaCry was world news. NPR just a piece on it a week and a half ago. The websites of the economists I read have been posting about it once a week, though skeptically, thankfully. It's certainly not going mainstream but it's definitely been talked about by normalfaggots a lot the past few months.

you didn't sage correctly, duder.

but yeah, why does pol champion bitcoin when it is as inherently valueless as fiat currency?

it's just begging for some Soros-type to come in, game and screw up.

Linking BTC to Crime = Bad advertisement
Bad advertisement

So you agree bitcoin is currently extremly underevalued thank to mainstream medias never talking about it except to scare normies.

wheres the best place to buy? there is a lot of hoops with every site and i dont know where to commit to.

People were saying "don't buy high" when it was $700. They are saying it now at $2500. They will still be saying it when it hits $5000.

Bitcoin is still undervalued today because it is still underutilized. When it is in use by most people and becomes common use for purchases, then we can say it has peaked.

If you want to deposit directly from bank account, bitfinex/kraken are the one I use.
If you want to buy anonymously, I don't know they all charge ridiculous fees (like ~15%) so I stay away from them.

Small correction it is now $2650, $2500 was at the start of the thread, 5hours ago.

I'm technically a millionaire now but I'm wondering if I should hold on or dump them now.

We constantly get these bitcoin shill threads.

I'm done arguing about it's complete lack of intrinsic value, the only somewhat valid rebuttal I've seen made is some stoner coming in and saying, "Like…. everything doesn't have inherent value man…. it's all like, subjective, you know?"

Much like leftists, and the jews, it doesn't matter how many times the bitcoin internet defense force gets blown the fuck out, they come back the next day and pretend it never happened. As an investment strategy, the fluctuation of bitcoin price is interesting. As far as it's likelihood of adoption as a currency, it's merely one of many factors. And when I say adoption as a currency, I don't mean a government somewhere recognizes it. I mean, society at large accepts it.

So here is a new idea to help you innocent bystanders get some almonds rubbing. What other valuable commodity or currency gets shilled this much? Don't get me wrong, people suggest certain assets all the time, and certainly those who sell precious metals will suggest you buy those, and real estate agents will suggest you buy land, and so on and so forth. But how many other authentic stores of value have to advertise this fucking much in order to try to convince you to buy?

Nobody has to shill things of actual value, because you naturally want to obtain them. The constant obsession over the price of bitcoin, and complete disregard to it's philosophical failures as a currency should be alarming to anyone with two neurons to rub together.

If the price goes down:
If the price stays the same:
If the price goes up:

A lot like how climate change has been set up to be correct no matter what actually happens to the climate, the whole bitcoin shilling apparatus has been set up in such a way that no matter what happens to it's price, the correct move is always to BUY.

The whole philosophy behind such a mindset, is that you have an a priori axiom that bitcoin will be part of some sort of paradigm shift that replaces physical currency. It's not based on an honest assessment of the characteristics of bitcoin.

So let's be honest. People want bitcoin to work because they like certain aspects of it. They like how it's anonymous, or they like that they can shield their assets from taxation. It's a reactionary currency. People hate X,Y, and Z aspects of normal currency, so they flock to bitcoin because it promises to not do X, Y, and Z. But it does so disingenuously, by making you play hot potato with completely valueless 0's and 1's. It claims to be safe from taxation and inflation and theft, but then leaves you completely vulnerable to extortion, hacking, and has no method of charge backs to enforce contracts.

...

I think you mean 2736

diversify a bit of it each day, so that instead of betting on not losing everything, you get the average value between losing all and getting even richer

Just like my fiat bills!

It have the intrinsic value of the electricity and computer power it was needed to process the transaction.
It also have the inherent value of being independent from international banks

This picture was made years ago in response to bitcoin's value going up.

Dude,

THIS.

It cannot work as a currency because under healthy growing economy it will only deflate, thus disincentivise businesses from withdrawing money from their accounts and putting them to work, leading to reduction of market activity and general stagnation.

dude bitfinex has all USD deposits and wire transfers paused.
Circle no longer lets you use bitcoin.
and coinbase isnt accepting peoples billing addresses.

this is mindblowing. are banks stopping people from cashing in?

If you don't see that this is a bubble you are actually retarded.

I will always regret not buying a shit load of this back when I lived with my folks. I had a massive disposable income and I saved it for shitty stuff like a home loan, which wouldn't have fared any worse had I paid a few thousand less on it. I'll be paying the price for that poor judgement for the rest of my life. Now I can't scrape together even half a thousand every month. Fuck this stupid kiked up earth.

sage for rageblogging

???

I'll just post pic related. Those with a brain should be able to discern the kike shill from the one giving helpful advices just by looking at it.

In other words, using bitcoin as a main currency will cripple economy growth and it would drop to a level sustainable by bitcoin's prices and remain on that level for as long as you use bitcoin as a currency.

yeah well, most places seem to have stopped USD wire transfers. I cant seem to buy bitcoin anywhere reputable right now.

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expecting infinite growth forever in a finite world.

That's nothing man

I was born to be a slave.

Economy is not just raw resources you dumbass. For as long as intangible shit is a part of economy, it can grow forever.

I still don't trust this. It seems highly inflated liek the rest of the marke

The fuck are you smoking? He wasn't talking about buying; I wasn't talking about buying.

Yeah, you have to pay conversion fees to Euro these days IIRC.

We all know these feels user, but hindsight is 20/20. Just think - there were so many other opportunities we had - a qt who could have been our perfect IRL waifu whom we brushed past at the grocery store, that No-ID-having crack money wallet full of $100s that you walked past in the parking lot today at work, etc.

Just keep working hard, leave wealth and fame to the wealthy and famous, and have a meaningful and humble life.

And the ammount of "intangible shit" is proportional to the number of people on earth, wich is finite number, close to our current number.

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Then go ahead and sell all of your bitcoin to fund a business to buy even more bitcoin using the money you made off that business.

Fuck off, kikecoin.

Intangible shit can multiply infinitely, but each copy can be sold for a non-infinitesimal price. A single piece of art can therefore amount to more money than exists in entire economy.

You should revise the concept of value.

Bitcoin is inflatory money, just asymptotical inflation.

Wow. Congratulations, user.

Fug. Was meant for .

...

The emission is asymptotical, not inflation. Inflation is an emergent property, it's when there's more money than there are goods to buy with, and you can buy goods more easily, so the price of individual coin drops until all goods = all money. For bitcoin it is the opposite - there's more goods than there's money, and it's more difficult to buy goods, so the coin value will grow until all money = all goods.

When currency deflates it causes market stagnation. This is why none of the world's currencies deflate - the last time it happened was the great depression and everyone learned their lesson about it. When currency inflates then you can buy less with it and it'll go down very well, but in case of bitcoin, return to the previous state would be deflation and will cause further stagnation.

Bitcoin is rising exactly because people can sense that we are heading for a crash. Bitcoin will only go up in a recession.

Buy Holla Forums.

I'd make a business that receives money in bitcoins you stupid nigger. Like purse.io

There's always a bull market in something. The key is just seeing where trends are going. Being redpilled should be a definite advantage in this area.

Like I said, go ahead and do it. Spend all of your $XYZ worth of bitcon to make a business that may or may not break even, and even if it pays for itself twofold, by the time it does the price of bitcoin would quadruple.

fucking hell, i'd say it's 50-50 whenever it's a bubble or not

No such thing as "intrinsic value" in economics. Value is subjective and bitcoin has value because many people value it.

How do you figure BTC is financial independence? Hey goyim buy our computers with backdoor access so you can exchange BTC.
You could have started bartering goods for services years ago but you are a faggot.

I wouldn't be surprised if it does go down a little after this, since it has risen so fast that it's unusual. But long term it will be going up.

If I were smart enough and had the balls to make a business, I would not be slaving myself working for others right now. Bitcoin or Fiat.

Your stupid argument was that because money is worth more with passage of time people would stop working, but that's bullshit, as deflation is the natural course of things, since it always get cheaper and cheaper to do things, thus they should cost less. The cheaper is to make something, the less work should people have to do to get it at a fair price.

Nobody uses BTC except people buying drugs which is why it will never be worthwhile. The only non-DarkNet I've ever seen accepting BTC is marijuana seed websites.

Things get cheaper because it takes less work to produce them you dumb motherfucker. Not because the currency fluctuates. With cheaper shit more of it runs around the market, and subjective quality of life improves, but the market sees no fucking difference - now there's more of it but it costs less to match.
Go figure.

Yeah, Bitcoin doesn't really hurt the Jews. I am half inclined to believe that it was created by the banksters in the first place. Because all transaction history is available in the blockchain, it is a good benefit for central planning. With current fiat currency they only have a very rough idea what the money supply is at any moment.

All sorts of normal sellers accept Bitcoin.

My car was once dinged up real bad and I needed body work done. A guy who owned a body shop always used to eat breakfast at my restaurant so I offered him the cost of repairs in breakfast. I ended up paying a small fraction for the repair work and pocketed the rest of my insurance check.
But goy we need BTC to function!!!

The first crash?

Bitcoin growth has been steady for 2 years. It's not a bubble, just the exponential function that fucks whith human minds.
It always looks like the last days growth outpace everything else, but it's the case anywhere on the curve after the first bubble burst, not just right now.

A bigger bubble. FTFY.

I cany buy bitcoin anywhere. all US transactions are suspended and or cancelled. coinmama wont accept any us transfers either.
what the hell is going on?

So in a world where every business is being washed away by Amazon, Walmart, and other super stores, you think BTC will last because your rare eccentric online dealer, where no normies shop, accepts BTC.
Right.

checking my own dubs bitching about this. something fuckey is going on here.

Haven't you ever seen a financial scam before? Surges of money input are usually followed by surges of money outflux when goys figure out what's up. When scam is led by another dumb goy, this is where they freeze the withdrawal of money. True kike freezes transactions after they're pocketed ton of money but before they have to give away any.

exactly what im thinking. but it pisses me off, b/c im a poor fuck who just wanted to make a cool 1000 usd today.

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well but no. I wasnt even able to make a buck off of it seeing how i cant even buy a fraction of a BTC. all us transactions are suspended right now meaning (((someone))) is making money off of this but not joe fuckstick.
god found newfandland man, this is making me angry.

this.Buy Holla Forums with jim own tatics for the lulz

That's literally a real version of the graph posted.

I'm recently considering Wirex to avoid declaring to my ZOG the money I earned with cryptos.
They apparently offer a similar service to a bank (credit card + account) but add the possibility to deposit bitcoins and exchange it to jewish currencies with very minimal fees. Has anyone have any experience with it ?.

The term pump and dump comes to mind. But to pump and dump BTC with a share price of $2600, you need a metric fuckton of shekels.

Just as I pointed out, your arguments are all reactionary, with no actual objective of honest money.

You set up a false dichotomy, by suggesting that it's either bitcoin or fiat bills. You grasp for straws and try to conflate the energy WASTED in it's production and exchange as somehow valuable, even though such energy cannot be recovered. Then you fall back on reactionary complaints about international banks. My shit also isn't owned by international banks, perhaps you would be interested in using my feces as a currency?

Past performance doesn't guarantee future success. It's an age old piece of investment advice, and I have experienced the consequences of ignoring first hand. But again, if you had actually taken the time to read what I wrote as opposed to replying simply based on the fact that you disagree, you would have noted that I acknowledged that the price of bitcoin is interesting from an investment perspective, but that is only one of many factors regarding it's use as a currency.

Hey look, it's the stoner I talked about. It is absolutely true that all value is subjective, but that doesn't address the fact that all trade is barter, and that currency is simply a universally desired product. If you attempt to create a currency that can ONLY be used as currency, and is not a product, then you have put the cart before the horse.

The reason why precious metals have served as currency, is because it has a USE. Gold would never have been used as a currency, simply because it was rare. If the only purpose gold had, was to be used a currency, it would never have been used as a currency. There has to be a demand to use the currency for a real world application for a currency to be honest money. At least in a lasting sense. Sure you can use fiat currency, or bitcoins, or seashells as currency for a while. It never lasts, because eventually people figure out the scam. They are trading their time, labor, skills, and physical possessions for useless shit, simply because other people want the useless shit to buy real things. As soon as people realize that nobody actually wants their currency, they want what the currency can purchase, the smart money abandons the worthless shit and puts their wealth into other assets that people actual want.

user I agree with everything you said. The worst part is you get people like me, who mined a shit ton of it back in the day, thought o well it's bullshit. Got a new pc and kind find my offline papers.

I literally lost millions being a disorganized fuck. I would have sold 75% now and kept the rest as a maybe.

I want to buy bitcoins but I can't deal with how hard I'm getting jewed in buying them. Bank takes fee for "cash advance", then the site takes a fee for turning dollars into btc, then the site gives you a price that's way worse than the market price. This amount of fees and kikery is so offputting. I'm very hesitant to buy anything with that deal. The actual risk of the price fluctuations I can deal with.

THE ONE WHO MAKES A FORTUNE DURING THE GOLD RUSH IS THE ONE SELLING THE SHOVELS

Remember this

No, the whole thing is jewed to shit. Cant buy in us with USD, so you would have to proxy b/c the sites want to know your location. Then you have to transfer currency and then buy.

THEN, if you want to sell, a lot of sites arent letting you if you are under 50k.

Whole. thing. is. jewed.

time to sell video cards?

Lol, a gold-tard. No, commodity money is shit. Currency that is only used for trade is superior.

get your fiat money now goyim, stop buying things that evade our-I mean their banks!

crashing now? Or it will take a while?

Time to buy!

let me correct myself, 2500, not 2550, as of now

There's no fucking way this is sustainable there has to be some kind of crash soon. Human greed alone is not going to allow it to get much higher in such a short period of time.

You said the same thing when it was 2k a week ago, or when it was 1500 a month ago, or when it was 1000 6 months ago, or when it was 500 1year ago.

Then you switch to other coins.

2400 right now, how low will it dive?

This is a big problem I have will all crypto. You have to get BTC to get any other form of cryptocurrency. Also they are constantly shilling how it's the first truly global currency and I live in a shithole, I have to find some guy in a back alley and give him physical cash for it and can't obtain it without a vpn and when mining was still a thing. I have almost no way of getting it now.

Time to sell razor blades and ropes

2350! probably aint gonna be lower. Buy now!

This is not over! 2300 now. I sold today. Feels good.

So fucking depressing. I toyed around with mining not long after BTC launched, around that time coins were pennies each. Entertained the idea of building a mining rig but instead of that, I used my wages (had been living NEET style for years due to mental health problems and only just gone back to work) to save up and visit an online girlfriend several times, as well as take her on holiday.
Roll forward a few years and the price is $15.00 a coin, I decide to buy some but my social anxiety is back again and I can't go through with meeting someone in person to make the deal.
Back near the beginning you could buy several thousand BTC for under $100.
What's the point in living now?

Hope you had time to profit of the 16% discount thanks to the dip, wont happen again utill a few days when the price will be $5k.
It's back online now at $2.5k

how do i buy with usd? every site has usd transaction paused!

I don't know I'm europoor never had this issue.

Let's take a moment to remember this guy.

2450 now.

it's happening

DO NOT BUY A LOT WHILE IT'S THIS FUCKING UNSTABLE

Buy a bit every day, you will end up spending the average value. Not gonna win big, not gonna lose big

Time: 16:20:48

Time: 18:49:34

Time: 18:53:34

Down another 50 in less than 2 minutes.

I use coinbase, but I only buy litecoin.

You can't lose with bitcoin that's the point.

im just trying to spend 100 bucks. all sites saying my state isnt supported? should i just bullshit a state?

coinbase wont recognize my billing address

You can with literally anything
Even if I am confident that bitcoin will replace USD in long term, I don't think it will be in less than 3 years. Expect it only happening after the EU breaks

You don't want to buy now. Big correction in process.

Has the first ETH sell off happened yet? I have yet to see any actual institutional investors. The public is still pretty in the dark about this stuff.

well thats just it, its not letting me buy ANYWHERE bc of my state location. im getting fucking pissed.

I used to use wesellcrypto.com/ (15% more expensive than market price, not worth unless you know for fucking sure it's going to go up, and nobody knows) back when I started (it was at 600).
Now I am using braziliex.com but that's only for Brazil

You can't use Kekistan, friend. It has to be a real state.

one thing I can say, it's more legit than a fiat currency because bitcoin is finite and it's more practical than gold or silver because government can't force you to pay taxes, you can pay with it more easily and you can pay worldwide. While it's not as safe as gold in some ways, I believe it still has a lot more value than fiat currencies and it's rising because of it. Just don't buy into shitcoins(every altcoin except maybe for ether but don't buy it either) because you can create a cryptocurrency in 10 minutes. As long as you can't trade that crypto to USD/EUR and you have to rely on bitcoin, it's a complete shitcoin in my dictionary. Of course you can use the hype to double or triple or whatever your money but as the hype will die, so will the value.

Currently the only coins that you can buy on some of the exchanges directly with fiat are Bitcoin, Litecoin, Dash and Ether.

Im using a real down south sate. I clicked around and many states arent supported, but DC i noticed and maryland are. the fuck is this. I just want to buy 100 usd of fucking coin.

True. But fun for short time investments. I made 200$ with dogecoin last week. You need to diversify your portfolio user!

I'm in Louisiana, so some southern states are supported. I don't know why yours isn't.

this kike is new

I sourced a bunch of parts at the beginning of the month. Got RX 570s for $150 a pop right after they launched. Waiting on a power source now and should have it set up over the weekend. Worse case scenario, I sell the graphics cards and recoup my funds. We'll see how it goes.

It's a pretty good feeling guys.

Exactly this. You can't expect crypto to be some sudden path to mad riches. Drop $10 here, $15 there, spread out among the various Xcoins. Be patient.

Pump and dump of the century right here.

Seriously. I should have dumped at least $1k I had lying around into it back then. I feel like a fucking moron.

2300 goys

Don't catch the falling knife. This is way oversold and has been for weeks. Could see under $2000 just today.

possibly will go down to 2000, then 2500, then 600

I'm a real idiot, I saw ETH taking off on the ground floor and didn't act.

O SHE IS DIPPIN LADS

yeah now try to get the cash back fucking kike, nice scheming

I'd buy under a thousand, I guess… If the jews plan to use this as an alternative currency, I'd expect another dip. After all, this type of currency would suit international jewry well.

Ok, name one. Give me an example of something that has retained it's value and been considered a currency repeatedly over the course of 5,000 years.

I should also point out that I never suggested a gold based economy. I simply mentioned it as an example. I'd feel more comfortable having the opportunity to diversify what commodities I could use as a currency.

I'm not comfortable with any system that doesn't use a commodity though. I have seen no evidence ever presented that such a vapid and empty system will maintain it's value over the long term.

Sex. It's called the oldest profession for a reason user.

What did they pay the prostitute with?

You can't buy and then sell sex, only sex slaves.

I wonder if they will accept sex at the store today. My cashier is pretty cute so that arrangement would work out wonderfully for me.

Ah, so sex isn't a tangible thing huh? Sex is only used for commerce, and is used as a currency? What are you smoking lad?

Actually slaves is more like it when it comes to a currency that has held it's bartering potential throughout civilization. Only for the upper echelons though.

why not 666 ?

I hope the pizza was good.

You hungry? You can find someone to feed your for a BJ.
You need some aspirin? You can find someone who will give you a bottle of Bayer for a BJ.
You need a ride down the interstate? You can find someone who will take you for some BJs.

The fundamentals of a currency is the reciprocitiy, or else it's called barter.

Yeah, just like any work. You hungry? Carry some rocks etc. So is labor a currency now?

ask hitler

No because then you'd have to work for it. Anons only want currency like BTC because then they don't have to work to get money, they can never leave the basement and profit.

How do I actually buy ETH? I was trying to sign up with Kraken, but verification is taking days. I also need a wallet?

I understand traditional trading, but this shit is strange.

Knew some posters there were too intelligent to be pure cuckchanners.

user, the context of the example you provided was specifically to cite an example of a currency that has no inherent value OTHER THAN AS A CURRENCY that has the same track record as gold.

You are simply wrong if your example is sex. Sex is not an example of a currency that has no purpose other than to be traded. Sex is used for recreation. Sex is used for reproduction. I am interested in hearing your argument that claims that sex isn't used for recreation or reproduction. In order for sex to work as an answer, the onus is on you to prove that sex isn't used for anything except trade.

We should start a "tendies delivered for bitcoins" operation. We'll be rolling in digital dough.

Same as bitcoin, you either place buy order or directly buy at someone who placed a sell order.

Curse of the starving class.

It's called "slidin' yo vaginal credit card".

it was a typo, I meant "TO my sex bank"

Find a gun store that accepts cryptocoins and stock up and become a warlord, fam.

how is bitcoin fiat?
this is the one thing the anti bitcoin kikes NEVER answer

Same here. Used to mine back when it was still feasible but only had a shitty 8800 GT to do it with and no money to invest in a proper rig because I was still in school and didn't have a job. Tho I still managed to accumulate about 1 BTC over time and then I lost almost all of it on MTGox (or whatever it was called) because I was incredibly unlucky and literally every time I sold it instantly went up and vice versa. Then MTGox got shut down and I lost what little I had left as well.

To this date I still have no fucking clue how to trade and buy on any other site (mtgox was incredibly simple) because of how convoluted the whole process is and they only accept weird ways of payment I have no idea how to use.

So the first profession in the world was a hunter, a pharmacists and a taxi driver?

Daily reminder that when you see a thread about Bitcoin here you need to sell ASAP or wait a little for the price to break and buy the dip.

>coindesk.com/japan-bitcoin-law-effect-tomorrow/

Thanks for tryin, Shlomo, but we see you.

"Crypto" is: fully traceable via blockchain; totally intangible/ethereal (internet goes down, LOLURFUKTNIGGA); is barely accepted for most needed daily transactions, and again, is JUST as FIAT as cash. It's just immune to inflation. That's it. It still suffers from WIDE price variation due to speculators such as yourself, Rabbi Bagelstein.

True money is GOLD and SILVER, nigga - NOTHING else.

tl;dr: GET FUKT, JIDF FAGGOT -

user that's gross.

Fiat money means money that isn't backed by anything.

Bitcoins aren't backed by anything. That's how they are fiat.

I use coinbase to buy and Kraken to trade.

Yes goyim use gold as a mean to store your wealth hehehe.

JIDF confirmed, nigga.

You're still valuing it in FIAT terms, imbecile.

"Wrong." - DJT

If you're going to put your money into PM's, put into shit like silver or the p-metals. Jews own most of the world's gold, but they don't have a lot of control over more industrial metals. I would still buy guns/land over PMs though.

I wanted to say that it's backed by the electricity and compute power used in the network, but it's not like you can get it back with bitcoins (well, actually you could theoretically pay compute and electricity bills with it), but that don't really apply.

I guess I was wrong, I assumed that the fiat definition was somehow affiliated with possibility of printing infinite amounts of it

That means gold is losing even more value than the curve indicate since 2017 USD are worth about 10% less than 2012 USD.

It's immune to inflation yeah but it's deflating like mad, that's even worse.

If the secrets of money dude is correct, that is the deflation state of the dollar before it crashes like Wiemar

when I first heard of bitcoins they were a few cents each

Spoiler: I didn't buy any lol

To elaborate on that a bit, a currency should be stable. Ideally you'd want neither inflation nor deflation. However to incentivise businesses to spend money you'll have to make the risks associated with running business outweighing the shortcoming of just storing money in a vault. Small controlled inflation takes care of that and leaves no backdoors to sidestep it such as through keeping physical gold outside of banks, and you should not be at a risk of deflation spiral as well.

This user knows what he's talking about. ETH is not just a currency but an application platform for blockchain based stuff.

link for the lazy: ethereum.org/

but that's the thing - I've got plenty of guns, ammo, and R.E.

Yeah, I'll let plebs pump-and-dump an all-digital, totally-traceable currency and wait for the day the internet falls down. At least German housefraus could burn Reichsmarks for fucking HEAT - btc won't even provide that.

Platinum/palladium/silver/rhodium plus guns, ammo, land, and livestock are going to see me through this upcoming Jew-lead fiasco WAY BETTER than BTC-shills desperately hoping to profit off of seignorage/forex imbalances by treating BTC as a commodity when it's really just another Jew-lead scheme to fleece people over even harder.

Y'all goys need some von Mises, nuckas -

you fucking retard, have you learned nothing from trump?
there is no bad advertisement when it comes from negative press from the lamestream fakenews media
the above average intelligence people who buy bitcoin dont are what the bobble heads say negativly about it
all they hear is a currency so good even world class criminals can use it safely
the whole thing could have been a stunt to speculate on bitcoin for all i know

always buy real stuff before money guys
dont be a jew
dont be retarded and think you can always buy your way out of everything, try to be independent as much as possible
you americans are so lucky you can afford to buy land and guns
most people on the planet can not, at least legally

Most of the people who masturbate to BTC were big fans of Batman Beyond where they used e-currency.

Bigger question is mining. How do you start the bitcoin mining?

You buy a place, thousands of dedicated GPU, a cooling system, and you profit.

GFDI I just wanted to buy the dip. Fucking gayshit god damn.

Will we see an exchange like Robinhood, where's it's easy, fast, free to trade, buy, sell? All these stupid exchanges and wallets and other shit are annoying. I don't think it will gain normie acceptance until it's easy to use. If I'm having trouble, Suzy Macbook could never get into this.

I heard the exact opposite, that ETC is only getting traffic because people confuse it for being ETH, and that ETH is the real deal. ETC is defunct now.

You'd be better off building a time machine.

Not exactly. We're in a housing bubble. The land that is cheap is either worthless (can't use it for farming, no water, etc) or so god damned far from anything that you'd have to already BE a millionaire to live there, because commute to any job at all would be impossible. Might as well say russians are lucky because they have siberia. And no, you can't just "work online lol". The internet sucks if it exists at all, and even something like a grocery store is a 2+ hour drive each way. I know. I was looking at land. Wow, I can afford a patch of useless desert in the middle of nowhere!

All the useful land is being bought up by hipsters so they can put fancy vacation cabins on it and use it as a "retreat". Just like flannel, yet another useful thing gets killed into being a fashion accessory.

The same thing happened to me, I got into day trading and spending BTC in 2012, it was like 5$. I wish I stayed quiet and left it in a paper wallet.

This is a joke right?

I thought about getting into BTC but I remember when it crashed from $1250 to like $55-60 in a day and thought it would always just be a pump n' dump scam. IKTF user

If shit hits the fan, what the fuck is bitcoin going to buy you? Spend your shekels on quality guns and stockpile food, medical supplies, water and ammo.

You bitcoin shills are just as fucking retarded as the goldbugs.

No Ethereum success come from the "code is law" philosophy, wich has been violated in the ETH blockchain, the only blockchain where the law of code was not broken is the ETC.

...

I agree it's shitty a fork had to be done, but the alternative was a hacker having veto power over the system forever, screwing up development decisions by the team.

If it was just money lost, I would say tough luck investors, don't fork. But it gave all the power to the hacker which would stop development in its tracks. And they did the fork relatively early in the project, so no major stakeholders got burned.

Also I don't care about the purity argument, because nothing is that black in white in life.

Benevolent dictators are sometimes the best arrangements (ie. Linus Torvalds with Linux) since they generally make the right decisions for the project's lifespan.

oh look, the fed shills are here to back up their fiat currency
a0c019 and 0414a04 are kikes working for the fed to shill against a alternative to their fiat monopolies

Just fucking report it as gambling money and pay tax you nigger

Just read up on this. Seems the people in charge of ETH told the ETC people to fuck off because they were gonna do things their way as well. If anything the ETH people are the benevolent dictators here.

register as a foreign resident in Russian. 10% rate for expats. You don't even have to go there…

I have 6 ltc i bought at 22 each. Should i sell? I kinda wanna buy the dip with eth nd btc

like $10k worth

Faggot, the price of BTC jumped from 1000 to 2000 in a few months while the price had been slowly increasing for about a year. That major spike is a bubble, not a natural progression. There is no question this is a bubble, and it will pop sooner or later. Doesn't mean you can't profit off of it, you just need to be smart and lucky with your speculation

t. Econfag and son of investment banker

BTC is literally a fiat currency. A fiat currency is something of little to no practical trade value that's used in place of goods or services, in order to counteract the necessity of a double coincidence of wants for a trade to take place. A fiat currency just makes trading more efficient.

If you want to talk about the FED producing too much USD, fine. That's a fair point, but fiat currency isn't just the FED being assholes. Please, take a fucking economics class.

It's just another fiat currency. BTC is unsustainable, because most of the market can't and won't use it due to anything from technological limitations to preferring the simplicity of a physical note, not to mention the sheer amount of hyper-deflation that's made trading in BTC impractical, and made it completely reliant on USD comparison and conversion. BTC will be around for a bit longer, and it'll be a cute cryptocurrency for a while, but it will fail like all cryptocurrencies do because it's existence relies on exchange for other backed and or trusted currencies.

t. Econfag

Sell half in case it crashes, and keep half in case it rises.

That's what I'm saying.
They forked the project and are doing things their way. Keeping things 'pure' would mean letting the hacker run the project. Only a naive sucker would allow that.

(checked)

Thanks for the advice!

Learn about exponentials, don't even try to invest in anything untill you do (in BTC or other "real" things). Curve in pic related has constant growth rate.

You'll soon regret not selling now… at the top… and using the money to buy something tangible.

ftfy

BITCOIN DOESN"T MAKE SENSE

I really want to make a thread about this, because I am fucking missing something fundamental here.

Yeah just sign up at one of these exchanges and don't forget your wallet. That is complacently in control by us. Also read the end user agreement if something happens we have no responsibility to give you your money back.

You are sending bitcoins not money. My country you are not even allowed on the wallets or exchanges. I can do nothing without exchanging it for fiat money. Also it is a metric fuck ton more complicated than just sending money through paypal or buying something with your CC and letting the bank convert it.

Every single step of exchaning btc you are charged sometimes ridiculous amounts. Also minimum transaction fees, just fuck that little bit of bitcoins(satoshis) you still have in your account, it is just going to lay there forever. You can't close the account

No it really isn't. A lot easier to get though I will admit.

You just can't handle disruptive new technology NO-COINER.
Why the fuck I am going to buy something today if my money could be worth a $1000's more in just a couple of weeks. How is it ever going to get to a stable level if everybody is profit taking and holding for profit taking. Who in their right mind is going to actually use this as a currency?

Here take this piece of paper with this code on it, yes I know the internet is down and almost nobody has electricity but I swear to you it's worth a lot. Even fiat currency is more valuable.

WHAT THE FUCK IS THE POINT OF CRYPTOS IF ITS NOT JUST FOR CYBERPUNKS AND DRUG DEALERS?

Yeah look at those anons who followed your advice, look how happy they are to have listen to you in the past.

Yup, all these idiots yelling "buy the dip" don't realize investors are more and more resistant to buy into this shit after yet another crash.

They view it from one perspective because they are day dreamers who are uneducated. Their misery is not in missed opportunities, but in ignorance of their fortune. Lookup stories of people who lost their shit, or made no money. Harder to find because the agenda is to only report on the few people who did well.

I don't regret it or even feel sad about it. Kinda bummed about the whole thing would have been cool if I made my own money instead of being dependent on my parents. Money really doesn't mean that much too me user. Don't use me in your example.

Your bitcoin wallet is a program, almost always open source and run on your computer, that you don't need to do any sort of sign up process for. The exchange websites do require sign ups- that's if you can only get bitcoin by buying with fiat.

I always thought the UI was pretty simple.

Yeah, there's serious congestion and scalability problems for Bitcoin.

The rest is opinion/speculation, I'm not going to give opinion on.

That's the exact opposite, every dip is shorter and shorter in time, a 16% dip (read FUCKING HUGE) used to take weeks to recover, today it barely took an hour. Proving the confidence of investor is increasing, big players cashing out are having less and less impacts on the market.

Thanks user but only the first part of your post answered my questions.

Perhaps I didn't communicate clearly. Will come back tomorrow then

Ethereum and Zcash, or their hard forks Ethereum Classic and Zclassic, are your best bet. The former are around the $200 mark, the latter are cheaper but have more growth potential and smaller mining pools. Your choice. Mining hasn't been this profitable in ages, and probably won't be after a couple months. The rising prices of these currencies will incentivize lots of people jumping in or ASIC development.

Where is pc related from?
I just want to know the details on how the profit is calculated since it must differ from GPU to GPU, right?

If we get to the point where there is no electricity or internet only bartering food, meds and ammo will save you, but I don't think that is a likely situation since even in fucking Venezuela people buy crypto to protect their savings.

I'm wondering about wallet programs and files. It seems not every one of them can I easily make a new address per transaction as I can with Bitcoin Core (meanwhile having effectively one balance). Can someone who's tried different wallets weigh in?

You copy and paste in the address, or pick from your address book, you want to send bitcoins to and the amount you want to send. This is do-able without any kind of log-in/sign-up process.

You are right in that the fees are currently bullshit. That's because the bitcoin network isn't scaling very well in terms of how many transactions it can handle at a time.

I also agree its very volatile, and turned into a speculator's game moreso than an actual currency.

If there's one thing to note, is not to follow what people say to do with your money.

I thanks for making me see where I fucked up English is a bitch sometimes

What I meant is, sending bitcoin to other people isn't a problem. It is easy enough like you are showing with the UI. Getting that bitcoin into actual money that I can use to buy things with isn't so easy.

If it's illegal to trade bitcoins in your country, then sure, you'd be limited to bitcoin only transactions and that isn't much use.
I think only a few online stores accept bitcoin.

Coinwarz

DAMN

I started mining this shit for 1 week when it first started, if I continued now I'd be a millionaire.

Thank you, more for me.

I'll continue to get rich while you 8ch fags jerk off in the corner screaming meh "buttcoin" mehh.

If entire online grid goes down you have more problems than where to use money faggot. Best to invest in guns and ammo at that point. Because fiat currency or gold isn't gonna give you shit.

It
LITERALLY
is
not

BUY WITH PAYPAL (15% markup, you have been warned): wesellcrypto.com
BUY AMAZON SHIT WITH BITCOIN: purse.io/?_a=BLINKTRADE

ERMAGERD I DISCOVERED THAT SHIT DOESN'T WORK IF YOU DON'T HAVE LECKTRICITY
And you're wrong anyway, bitcoin will transact just fine over VHF using solar power/generator. What, you actually thought that people were going to let billions disappear? Are you fucking retarded? Bitcoin is already operating in areas where banking is banned or extremely limited, you ignorant fuck.

(checked)
Exactly correct, you're seeing Bitcoin appear in the most unstable regions on the planet. This puts a lie to the silly notion that it will somehow magically stop working and disappear. Your guns and gold will get stolen before bitcoin transactions become impossible.

but your bitcoins will be stolen if cia keeps leaking all of their backdoors :^)

Buttcoin Thumpers itt: Go play with your buttcoins. We're not interested and we're sick of you knocking on our door on Saturday mornings.

Buttcoin is being valued because Chinese capital flight is distorting the entire global market. Go look at real estate prices in regions accepting the Chinese capital flight. China is going to be a Day Z type black hole very soon, and everyone's heading for the exits.

Personally, I'm going to create "nofagscoin" that isn't premined by kikes. Biggest investors in buttcoin right now are kikes.

Are you fucking retarded? Do you really think that if the internet were to go down across the globe that people are going to be using VHF radio modems to keep in constant contact with enough nodes to maintain the block chain, just so some autists can use their internet coins?

Look man, in theory you could recreate the internet using VHF modems and create a giant fucking P2P network. That infrastructure just doesn't exist. I imagine the latency would be a fucking nightmare.

There is a lot more infrastructure for cell phone data across UHF bands, except the sats would probably get fried in a solar flare, or everything except (including? not sure) the sats would get fried in an EMP. I'd assume that would work better if enough people knew how to re-network everything. I have no experience in such matters, but I assume it would be much too difficult for a bunch of people who are probably a lot more concerned with how they are going to get food and water than how to access their buttcoins.

The idea that the blockchain would be maintained in the event of a catastrophic event, by a bunch of coordinated amateurs who just so happen to have VHF modems and just so happen to have enough time on their hands and just so happen to have any desire to even attempt the task, is ridiculous.

thinking about shorting it or waiting till it collapses then going heavy as I missed the boat ride this time./

Transactions are traceable. Accounts created are not. So provided you're not a dipshit who links his crypto address to his identity, IT IS NOT TRACEABLE.
Not denying these should be invested in. But if you think bank-run fiats are a better alternative to crypto at present, you're a fucking moron of the most epic proportions. Good luck sending your gold/silver down a wire in the modern world. Gold and Silver are for SHTF, not everyday use.
Also, I can tell you're not from around here Chaim.

I heard some of the liquidity is frozen and limit on transactions not sure because I don't deal in it but if so major red flag for me.

something big is going on yet I not touching my paws in in can't go much higher can short the fuck out of it yet still seems best to leave it alone because someone is about to get fucked hard with growth spike like that

Why do you insist on sliding and shilling the board with your fake money garbage?

either its a major pump and dump or ppl are genuinely scared and trying to avoid getting caught in a collapse or its a pump and dump waiting for all you scared rats to relocate massive funds just to fuck you like the literal fuck of the century.Staying away.

Took me 5 seconds

www.thinkadvisor.com/2017/03/17/consumers-can-now-trade-gold-on-a-distributed-ledg

Who here remembers dogecoin?

Where my dogecoin niggers at?

Wouldn't there be some way to see what IP address is making transactions? If the USG wanted to, they could figure out some way to compromise and track wallet addresses by IP and MAC addresses.

In general, this is a bad sign for the overall market. As confidence in the stock market, traditional currencies and business investment diminish people start looking to so-called 'alternative investments'. Bitcoin, precious metals and other "non-productive" investments will start so spike.

The actual net worth of all the bitcoins in the world isn't a large enough money movement to really be a reliable indicator, but this is part of a bigger picture. The market is bursting at the seams and people are looking greedily to put their money into alternatives.

I have half a bitcoin and 1 ethereum. what do?

Is this related to normies reacting to Trump? Won't the market settle down once they realize it's not the end of the world and actually a good thing?

I bought CC dumps from diamond dump when bitcoin was $30/coin. 2 coins got one dump. Made some money but caught some serious felonies that have ruined my ability to travel internationally. Would have made more money and would have a better life if I'd spent all the money I'd spent on dumps on bitcoins and just saved them. FML. For 2 years all I did was drive crackheads to radioshack so they could card laptops and I could have just been patient and waited on the coins. :(

BTC, Metals, Guns, Ammo, etc are all part of a well balanced barbell investment.

Keep 80-90% of you shekels in traditional and safe investments. Be risky as fuck with the other 15%.

Then you don't physically possess it. Which means it suffers the exact same problems as any other crypto in a SHTF. What… in SHTF you going to physically travel to wherever is holding it and politely ask for it back?

In some cases, yes. But, all's you'd have to do is proxy (supported by several wallets) it or use another service that'll send the transaction on your behalf. So it's not really a problem.
If you need good anonymity, you can get good anonymity. In most cases, dragnets and honeypots excepted, you'll be fine. In any case, it's still far more anonymous than traditional fiat.
If you're doing heavy shit, just use Monero.

mined Doge. had over 200k at one point. not a ton but it was a couple hundred dollars in a 2-3 week period.

Fiat money is going to crash eventually.

The US debt is over 20 trillion. The amount of money owned in derivatives is more than the amount of value of real assets that actually exists. They can't keep this up forever. Especially if normies learn about the federal reserve and all of the other jewish schemes.

Only got 8k dogecoins. I thought I mined litecoins as well but I checked my old ass wallet from like 4 years ago and I didn't have anything.

lol. dude same here.

I have a litecoin and bitcoin wallet from years ago that I am not sure I can access. maybe $1000 between both of them.

Remember when vert coin was all the fucking rage? or Prime coin?

It seems like most of the altcoins are simple pump and dumps.

I am not hearing much about litecoin. I think I need to examine that closer. The head litecoin dude seems top notch.

I think Prime coin, but I only remember Bitcoin, which I mined like .03 of and then lost it in that really huge jap website that crashed, litecoin, and dogecoin. Which I jumped on because I thought it was at least going to go 1 USD to 1 coin, but sadly never happened, and will never happen.

Bitcoin anons what do I do with all my Bitcoin if I get hit by a car and die?

Cucks have been posting this picture since 2013 lol

And bitcoin shills have been posting right before every crash as well.
The money-laundering scheme is a decent one, but ultimately flawed.

Litecoin is technically better than Bitcoin at the moment. 4 x tx capacity and it has SegWit which means it can support Lightning Network when that's ready.
Get ready for Visa-level transaction capacity that consolidates on the Blockchain.
(I was telling you fuckers to buy in when it was $10USD a few months back).

BTC is technically shit and unusable, but it is safe and as long as people think it's worth something, it is…

The difference from now and earlier is that it is actually accepted as "currency" many places, and although it's not that usable as that, normies will buy it (because it's deflationatory and world econom sucks) and worse; big banks will buy it, as nothing can give those returns. We're talking several percent a day…

The worst thing that could happen is that the crash does NOT happen, a LOT of our money could be locked up in a huge, deflationary spiral where nobody can "afford" to spend their savings, because the next month it's worth 2x what it was…

BTC is an economic weapon of mass destruction at this point, and it's being shilled to normies…

I have some, but I used to have a lot when they were worthless and I lost my wallet…

It is technically a bubble, but it has no real mechanism to pop, and it's global…

Literally the hole point of ethereum was that it was supposed to be black and white. "The code is law", they said. What a fat lie that turned out to be.

Ethereum is garbage for this reason. I can't see it being successful long-run. At least Bitcoin has never done any hard forks after a hack. With bitcoin, transactions actually are final.

Look up shamir's secret sharing scheme. You can leave part of your private key with trusted friends/family, so after you die N of them can come together and spend your BTC.

Bitcoin is going to have Segwit or some other form of malleability fix before Lightning is done.

All currency is worthless in SHTF, unless you count food, fuel, and firearms as currency.

The point is that a gold backed decentralized ledger is about a trillion times better than a buttcoin, because a buttcoin isn't backed by anything and is completely useless.

Now I haven't taken the time to really research the system in question, so I'm not going to shill for it. But in general, I would be a lot more willing to digitally trade gold certificates that I am reasonably sure I can turn in for gold, than I would be to buy internet coins.

yeah that and

IT'S BACKED BY FUCKING NOTHING

offshore bank account

and if you understood all that, you're probably autistic enough to put your life savings into this sure thing.

once an ancap….

Some logic:

1. If you had $2500 and only $2500 to spend on something, would you buy bitcoin?

No one would unless they expect it to go up. Which means that $2500 is worth more in utility value than 1 bitcoin, which means bitcoin is not worth $2500.

People are only buying it because they think it will go up, not because it has value. As long as people keep buying it, the value will go up. As soon as they stop buying it, the price will crash. Hence, it's a bubble.

help.overstock.com/app/answers/detail/a_id/5794/c/4

I would sell all now cash in ,and waiting for it to drop back to next to nothing then buy it up ..already liquidity problems mil in bit o sorry can't transact but here is your 20 buck a day limit sucker without fluid action I aint going for it best investment is still is physical metal not paper shit bankers wipe their asses with.

Its not money, its currency.
Learn the difference and stop ushering in a system that was created by the (((CIA))) and will be used to track every single purchase you make.

Its a pilot program by the fed dumb shit.

'kay, trade me 100 ounces of your gold for a box of wolf 5.56. Let me know how that works out for you.

There's a reason "A Short History of Financial Euphoria" is in the sticky.

Can you guys give me your thoughts on my cash out idea? Would buying PMs online from a company that accepts crypto be a good idea to avoid taxes? You could always sell to a local dealer if you needed cash. I'm thinking about it since I kinda do want to protect my small profit (

Bitcoins can be created out of nothing. Same with any cryptocurrency. They are entirely backed by hype. Consider the following methods in which a financial elite could control the world using cryptocoins:

- Say that some group with a lot of media ownership decides to create a coin and then to hype it over the next decade. Everyone starts using it, but they've already mined the first 20%. Repeat this cycle every 40 years.

- Alternatively, say some group with a lot of influence over a state pressures the state into using the coin that this group has already mined a large percentage of. How is this any different than the federal government forcing you to pay your taxes in US dollars?

- Say the international financial cartel creates an international coin and then gets the US to bomb anyone who doesn't trade Oil using that currency. How is this any different than what happens now?

These cryptocoins are technically complicated, but that doesn't change the fact that any well-connected group which is willing to start world wars in order to get its way will still control the global currency system. The belief that "currency has value because people demand them" is bullshit. Things have value because small groups of committed men will ruthlessly kill entire peoples until it is generally accepted that the currency has value. Currency is essentially societal control in neat little denominations. You don't control large numbers of people by appealing to emotion like these retarded youtube Nazi Larpers want you to believe. You do it by controlling the currency. The notion that the global financial cartel, which has worked to gain control over the world for the last 400 years, is just going to give up in the face of bitcoin, is laughable. What's probably going to happen is that they're going to create their own Cryptocurrency (Etherium or Zcash might already be this currency), and then hype it up while bashing known goycoins.

So, what, use a VPN service that advertises no logging?

Arguably, that's how all faith-based currencies work with nothing solid backing it. Zimbabwe should have been a wake-up call, but the day people learn form the mistakes of others is the day my beer begins singing show tunes.

kinda hit on a point though all this shit we think has value is actually worthless if shtf no inter net then what are your btc absolutely nothing real wealth is being able to survive on some land with no pozzed gov .like look into how much land you would need and how much shit you would have to grow not counting the goats and cows or wild deer for meat.I grew up on a wildlife preserve and had free reign to hunt all year round but the day I talked to my Grandfather about the depression he said wasn't any deer barely even any fish they were all hunted out so think about that he said deer almost went extinct you think you are safe lol only place safe and because no one goes there is Alaska nigger and even that is pozzed now because of fukishima puke yet I know some places their that are land locked no fukibuki bullshit trout and land locked salmon spots so while you are starving to death trying to go anywhere but where you are I will be in Alaska munching on some moose and eating non pozzed fuki fish see what your btc does for you then …..

I tend to agree. joseph Poon of Blockstream is the main guy behind Lightning. And Blockstream are, arguably, the main team behind Bitcoin (Core).
I don't think they'll push for Lightning to go live until Bitcoin gets SegWit. If they did, Litecoin would steal a lot of their market.
As is though, Core team are fucking retarded. And Maxwell's got to be one of the largest pieces of shit going around. I have no beef with SegWit, but that Core's taken this long to compromise (and still only mildly at 2MB - if they have even agreed to it) is infuriating. Blocksize should've been increased years ago, before SegWit. Even with Lightning, people still need to transact onto it and back off it. 1MB was never ever going to be enough.
They argue that larger blocks will increase centralization and muh 3rd world wouldn't be able to run a node - as if the third world can even afford the fees for a single Bitcoin transaction at the moment - at $3.

well put

Just use Tor and setup your Bitcoin Client to proxy through Port 9050. If you're super-concerned/need extreme anonymity, just trade your Bitcoin for Monero with shapeshift.io or something.

I've done this before with BTC and silver. Just buy as much weight as you can in generic bars/rounds and find a small local dealer that will pay spot.

Granted, you shouldn't have any issues with taxes on

Something's wrong here.

I think some big players are expecting national currencies to have issues.

Seriously, this might be a sign that the US and other currencies are about to crash in value..

Anyone following gold prices?

Jews aren't investing in it because the bankers would sooner perform an open coup against the nation than let you free from their money.

What about Particl? It looks like Shadow's retarded stepchild, but the lack of blue hair on the design team looked promising.

that's the joke bud

Really gets the noggin joggin.

The Overstock CEO is a pretty cool dude from what I remember. I think he has millions in gold and weeks worth of food sealed away to pay his employees if SHTF.
Newegg accepts BTC as well, and there's that website someone here mentioned that escrows Amazon sales with it (and you end up paying less).

There's a pun here somewhere.

I'd say the point of Ethereum is smart contracts. If you want to sperg out by people hard forking to stop an objective theft of a large amount of money, go use ETC. It's exactly what you want.

who here /onegram/ baby?

1) exchange can be performed personally
2) no exchange required for actual CCgoods trades or transfers
Wallet is a public key. You can make one manually with a wooden abacus if you are crazy enough.
Only what you put into exchange is not under your control

BTC can be stored, BTC can be exchanged for goods -> btc is money.

Depends on exchange. BTC-E's 0.2% per trade, 0.01BTC per withdraw is better than most 'real' brokers.

Go look at a chart. BTC has years-long stable stretches between bubbles.

What is the point of cash?

There has only been 1 BTC crash, at the end of 2013.

Yes, I have 27 ETH and 120 ETC, I will sell ETH just when I feel people realize ETC is the real thing and buy ETC with the money.

...

So, what crypto currency does Holla Forums think will become the NWO global currency?

Some currency created by a taxing body like the IRS. They will probably push for it to replace all the different exchange types between central banks and commercial banks, ZoG currencies, and then use it to tax everyone under a the authority of a single (((centralized body))). Not even mentioning that they will use the same schemes of inflation and interest to destroy the purpose of long term savings. There were articles written by kikes kvetching about bitcoin not being (((centrally))) controlled, and that without an (((inflation))) mechanism it would cause anuddah shoah.

Why would they change of currenc? the rotschild money is doing wonders.

They can't control the worlds labor pool with so many different currencies. They destroy the value of a foreign currency one day then have it recover later and need to put in all the effort again to crash it and make it cheap again. The currency itself isn't important. All those kikes could print out quadrillions of dollars, but if nobody is using their currency then they do not hold control of potential labor. Imagine having everyone use the same money all over the world; it would make a great mechanism for destroying wages since if someone won't work for you in x country because you tell them their labor is overpriced, then you have a bunch of other second and third world countries from which you can pull even cheaper labor.

Kikes can print all the money they want, but if there's no labor behind the currency then it is worthless. Consider also that they want a world government or world state, you can force the labor to move to a different place if you move all the money outside of the country. Rapefugees go to europe for gibs, in the future it will be descendants of europeans, americans, and other anglo countries traveling to foreign nations (((for a better life))) if the kikes destroy the value of all currencies and replace them with one giant ZoG currency. The world will turn into a giant feudal estate and the kikes will be in charge. That is what the goal of communism has been all along, to control labor everywhere for the benefit of the new elite; a government aristocracy.

Wrong, they already do.

Hey guys look, the classic "I saw an image posted on 4chan and believed it to be sound financial trading advice". The world of markets is much more complicated than your graph, ignoramus.

We'll see. Like I said I'm not calling the top. But the patterns are there. It could double from here or more but I expect a crash as well at some point.

The ol' 'bitcoin is a currency' meme.

Bitcoin is not a currency. It has never been a currency except for illegal activity. It will never be a currency in any other sense than pseudonymous transactions or maybe, large transactions across international borders. Normies will never use it, because it has no utility over cash/credit for small-medium transactions. Also, the higher it goes, the less likely people will get into it. No one is going to spend something that could be worth double tomorrow. No one is going to use it if you can do the same thing with a different, cheaper alt coin.

All of this stuff is obvious to anyone with a brain. Most bitcoin proselytizers are lacking that department.

All the anons saying to horde ammo: how much do you really need? You only need to kill so many animals for food. 500 rounds per year should be enough to fill your belly. And if you are getting into more than a couple firefights per year you are gonna get killed either way, you are not rambo, youd be better off just leaving the area

I personally have 2k per gun and buy another thousand when im down to 1k tounds after range/hunting

Real genius.

merriam-webster.com/dictionary/currency

When will the USD become worthless?

It will become worthless in about 1913 ish

10k .22
5k .223
1k .308
500 12ga buck
500 .45
Some odds and ends. Also learn to reload your own , it's much cheaper that way
It's a good start but need moar

That's many years ago.

Dead wrong. BTC is marketed that way. When everything crashes it will be worth zero. Just like USD. They are imaginary pieces of wealth controlled by a small group of people.

No shit.

They're not.

I actually like bitcoin a lot. I even own some. But it isn't what bitcoin proselytizers say it is. I would never use bitcoin to pay for groceries for example when I can use my credit card and get points. The fees are too high, the transactions take too long to verify. However if there was a choice between sending a bank wire to pay for my financees diamond ring or bitcoin, I'd choose bitcoin cause it's faster and cheaper. But that's only because I know how to get it and use it. The learning curve is simply to sloped for most normies to ever use it, which is why for the past 8 years it's been a speculative asset.

It will never be widely adopted or replace our current currencies because it will never be faster and cheaper to do small transactions with it. Also, if you think the powers that be will widely adopt bitcoin and make all the bagholders members of the superelite when they can simply alter the open source code slightly and use the existing infrastructure with a new coin of their own, you're not being silly anymore you're being a religious nut. Never gonna happen.

No kikecoin, please.

You're not alone user.

In opposition to what other currencies

any news on dogecoins? i have 4300 dogecoins waiting to sell

Sell now. Buy a Pizza .

Bitcoin has no real value. Just like paper backs, it's a medium of exchange. Your labor it transfered into bills and bills transfer your labor into goods and services. Unless the bills are IOU for gold, you got nothing but what the fed res says you have, and you pay them for it.
It's their word for your worth.

Coinmill says that's $12.66, so do what said.

ill wait until it rockets up to the moon :^)

At least you have the blockchain downloaded.
3 years and 23 weeks behind

Tell me the threshold value in 26/05/2017 USD at wich you considere something worthless and I'll give you reasonable estimate.

i dont. i just remember how much i had before the fad died.

RIP Bitcoin

RISE DOGE COINS!! RISE FROM BITCOIN'S ASHES

a global internet shutdown ends the scheming coins for good, hell even just shutting down the internet of the usa is enough to crash it for good

Just buy the dip retard.

Makes sense considering most miners reside in china.

There are other crypto currencies like dash that have a faster transaction time.

Also, once Bitcoin splits in August it will double the capacity and help with transaction times.

So for now, yea you can't really go out and buy groceries, but you can do online shopping with it. And transfer it anywhere in the world for a pretty low cost

Bitcoin for the last 15 hours.

I found a website selling various cryptocurrency that has a glitch in one of their payment methods that's giving me double and sometimes quadruple the amount I'm paying for, into my wallet.

What should I do with this information

Are you an Aryan or a Jew?

digital currency will destroy the
(((federal reserve))) and the (((world bank)))

youtube.com/watch?v=KLANLzerfa0

Doesn't look like enough sell volume to start off a huge dip, someone must just be taking some nice profits, I don't predict this to start a crash, but then again I don't know shit..

I'm a White man with a Polish surname. My great great grandfather was in the SS, and was executed for it.

I'm guessing the fact it hit $2,800 got people to want to buy a bunch of coins and got caught in a slump since the buys drove a downturn.

So then act like you have some sense and don't steal money. Can you really sleep at night knowing you are stealing money from someone trying to run a business? Do the moral thing.
Plus if you are giving them money for coins, then they have your info yeah? They will just trace the coins to you and your bank account

Yeah that could make sense if the exchanges are doing insider trading buy selling into new buy orders before they are placed on the books, and since its digital currency I'm sure some shady shit is always going on.

Well, there are few if any laws regulating it, wallets can have software built on top of them to turn them into trade bots with networking capabilities, and it's an extremely volatile market that people have dumped $5 billion into. I'd bet a bitcoin that there are Jews successfully using it to out-Jew other Jews right now.

Is it too late to jump on the bandwagon? Crazy inflation rates in Bitcoin and Ethereum right now.

Accidently saged.

It'll take about a day or two to get the blockchain downloaded, but you can buy and sell 20-50 bucks' worth if you want to try stupidly high-risk trading.

Anonymizing it is a little work, but as stated earlier, it can be done.

I don't see it happening, remember what happened during the internet shutdown in Egypt and how well that went for the regime? They won't cut off the internet, not from this generation, if they do that they lose. Conversely, if the internet has gone down it's long past the point where you should be worried about protecting your wealth because that would mean The Happening is so bad that there won't be anything to buy anyway. Even Venezuela still has internet connectivity.

If you just want a bit to fuck about with then do and get like $15 worth.

You aren't wrong, but that's why it's value will probably continue to skyrocket for now.

Due to central bank pressure, governments are on the warpath against physical currency. But there is simultaneously a booming market for fx exchange and money laundering. Shit hitting the fan in China correlates to immediate bumps in btc. This is because btc can be bought and sold across currencies and outside of government control. As it gets more valuable it becomes easier for larger currency swaps to occur quickly, paradoxically increasing it's value to those looking to offshore money fast.

But you still need people willing to buy in the desired exchange market.

Ergo, the cap out is probably the point at which either:
1) The value is so great that speculator sales match or start to outpace laundering sales OR
2) The value is so high people buying btc in dollars get scared off and suddenly swaps stop working

So, that point won't be hit until the either the Chinese market is fully collapsed, or the wider American market begins to collapse. The RMB/USD swap is the exchange driving the market. EUR to a lesser extent.

You aren't wrong, but that's why it's value will probably continue to skyrocket for now.

Due to central bank pressure, governments are on the warpath against physical currency. But there is simultaneously a booming market for fx exchange and money laundering. Shit hitting the fan in China correlates to immediate bumps in btc. This is because btc can be bought and sold across currencies and outside of government control. As it gets more valuable it becomes easier for larger currency swaps to occur quickly, paradoxically increasing it's value to those looking to offshore money fast.

But you still need people willing to buy in the desired exchange market.

Ergo, the cap out is probably the point at which either:
1) The value is so great that speculator sales match or start to outpace laundering sales OR
2) The value is so high people buying btc in dollars get scared off and suddenly swaps stop working

So, that point won't be hit until the either the Chinese market is fully collapsed, or the wider American market begins to collapse. The RMB/USD swap is the exchange driving the market. EUR to a lesser extent.

Whoops, double post, my bad.

dont ever let it happen again

Trusting mudslimes and (((pwc))) with my money get fucked.

If anyone shut down the internet in western country can you imagine the rage from the narcissistic Facebook addicts needing a fix, that shit would topple a government.

Gold and silver are deflationary and we survived fine with them for thousands of years.

Yes, they are - because no one's going to just let $50 billion worth of recoverable money disappear down a rathole you stupid motherfucker. Your problem is you don't want to take it seriously, but that amount of money is going to provide plenty of incentive to build out a wireless network to keep the whole thing going - we haven't even discussed just using satellite internet.

If you think people are going to leave a couple million stuck doing nothing while they sit there with their thumbs up their asses, you're fucking retarded, m8.

actually I think Ancaps support bitcoin
ie. dollar vigilante

I say it will hit a low of $500. Normies are fucking pussies and will panic sell all the way. Then I will scoop up all that I can afford. This opportunity wont come around again for a few years.

If only you knew how good things are going to become.

There's bound to be a correction soon enough, when normalfags start talking about this we're hitting an endpoint, then you can buy on the dip and wait for a spike again to sell in a couple years

fucking kek, this is funny

WannaCry is creating artificial global demand. Of course the price is going up.

If anyone buys now you're a fucking idiot that gets what they deserve for being as stupid as a nigger.

Bitcoin is in a bubble now. Just like it was back at the $1200 hype. As it did then it will do now; it will go back down in price. I would not be surprised to see somewhere in the $1800-1500 range. However lower is indeed possible. I don't see it going below $1000, as it tested for higher lows and broke resistance in that area.

My general suspicion is the people with lots of bitcoin (I'm talking thousands) and holding. They won't sell until every last sucker is dragged in, because without that backdrop of suckers they couldn't sell their stash for any real profit.

My suggestion to all anons is to sit and wait out the market. There is a very good chance it will crash and when it does is the time to buy. This new high confirms that bitcoin will continue to rise, I just don't think now is the time.

900 was the low last time.
I say it'll go to 1000-1100.

I think $500 is a bit hopeful, I'm planning to be a bit more conservative and go for ~$1200.

Oh ho, I'd forgetten about that. Of course that's going to push it higher, that's probably a huge contributor.

As soon as the lights go out, bitcoin will be worth $0. If society collapses, the Mona Lisa herself will be worth the amount of heat the burning canvass produces.

You are completely delusional if you think that a bunch of starving, sick individuals who are being hunted by roving gangs are going to go city to city setting up VHF modems and sailing across oceans and ostensibly building buoy transmitters (VHF can't get across the horizon) in order to inform people without modern communication systems how to network and access their bitcoins.

You are talking about, at best, decades of unfunded intercontinental travel. Possibly without fuel, and without GPS. That's just to set this whole thing up. Who's going to do maintenance on this stuff for free? Who's going to replace all the equipment that is being stolen constantly?

You might as well be suggesting that there will be a massive organized effort to bring the World of Warcraft servers back online, even though everybody is preoccupied with not dying on a daily basis.

Anyone who seriously tries to do what you are suggesting will starve to death, be killed Mad Max style, or get lost at sea. As far as post-happening survival strategies, devoting your life to bringing bitcoin back online through some convoluted system of interlinking VHF modems across the whole world, sounds like pretty much the worst plan I've ever heard of.

And I understand this isn't going to supposedly be a one man job. I assume you think that even without satellites, a bunch of people will be using short wave radio or something to coordinate all this. I don't into computer networking, but I assume VHF modems are a different animal than we are used to. And to prevent jamming, or overlapping use, I assume you are going to have to use some sort of burst transmission. Naturally you are going to lose some data, so I assume you are going to have to set this all up to call back for missing packets and shit. VHF, I dunno man. In my mind this network you envision seems like it's going to be a massive pain in the ass.

And how many people who are coordinating this world wide effort have the necessary linguistic skills to actually talk to the hundreds of different people with different languages? Is some guy who speaks English in Hawaii going to call some Chinese guy up on shortwave radio, only to have to record his messages and then relay that message to some bilingual guy in Idaho to translate the Chinese back into English and then send his translation back to the guy in Hawaii? Just to tell the guy to solder the red wire to the blue wire? Hell, even this example seems tame, as at least Chinese is a popular language. What about some Ethiopian guy? How are you even going to find someone in a post apocalyptic world who speaks Ethiopian to translate? (Looked it up really quick so I don't look like an ass, Ethiopian isn't a language, they have a few different languages but it doesn't matter, you get the point.) Spend years sending out requests over short wave radio, hoping that some translator who speaks Ethiopian randomly tunes in and decides to help you?

I'm guessing there are plenty of cities worth $50 billion+ in infrastructure, yet we all already know that these places are going to be abandoned. It's not far fetched to assume massive stores of wealth will be left to rot in a WROL scenario, in fact it's expected.

But you think internet coins are different for some reason? Whatever man, you go scavenging around trying to recruit people, and going out to sea on rust buckets or milk jug rafts to build buoy transmitters and shit. I'll be growing food, hunting, setting up defensive structures and perimeters, and worrying about local energy production.

Feels bad man.

WannaCray is all but defeated. The people that wrote it were probably skids because there was a kill-switch built into the code that would look for a reply from a domain name and refuse to encrypt if it gets a one.

I know that feel, man. There's still a chance to play it like a market.

It's a matter of degree. Bitcoin still works in bloody Venezuela, yes if the lights completely go out that'll make things a bit harder but once you're at that point you're not going to be able to buy things any more no matter what you do. For most levels of happening, Bitcoin will survive just fine.

It always amazes me that people are sad over something this. Mentally deciding that something has potential but still not buying it is called practice. It's much better to practice and git good at good calls than blowing your money on luck.

This way, when you choose to invest in something down the line you're going to have a better chance of it panning out. Don't cry over spilled milk.

Yeah, no. None of that is even remotely realistic. Firstly, we still have satellite internet - so I'm assuming you're talking about some high altitude nuclear burst that takes out satellites too. Well, then we have VHF, we still have microwave, we have electrical generators, and we still have millions of miles of underground cabling, including optical cabling, that won't be damaged in the least.

Your innawoods fantasy will never happen, it's totally unrealistic garbage that can only work if you have some kind of Mao dictatorship where every intelligent person systematically killed off and every source of knowledge is systematically destroyed. The US mint is more likely to disappear than bitcoin.

You seriously think that if civilization ends then bitcoin will be a thing? I wonder who's being unrealistic.

(checked)
The fantasy you're LARPing involves us all becoming niggers - that we can't rebuild because we suddenly forget how our own society works. We already know what happens when catastrophe sets upon us: we fucking start rebuilding. This isn't Africa where some alien group came in and made everything for us so it all goes back to the dirt if they leave. The only cases where that happens in the USA is in Coontown. The people who masturbate over innawoods are the very kind of people who aren't good at living in modern society, so they imagine a world in which they're of greater use to others than this one and they make that their headspace.

Yeah, but the thing is this: on the scale of important transmissions that would have priority on a network in any sort of civilizational hard times, bitcoin would be like… over 9000++ in line. Bitcoin is not important to 99.9% of humanity and most people don't know anything about it.

It was you guys who set the premises of the discussion whether bitcoin could survive a real happening or not. Your argument how it would is that the internet has to survive with full integrity, which sort of makes it a circular argument.

If a civilization ending happening is possible or not is another discussion.

And that's the great thing about how our society works - we're not running under the direction of a small group of people telling us what our priorities are. The people who use bitcoin will have a financial stake in bringing every facet of it back online even if they have to do it using old fashioned modems and methods. It's not a matter of technical prowess - no technology prevented us from doing this same thing 20+ years ago; it's a discovery. The best doomsday scenario for bitcoin is a full economic crash where there are bank runs and bank holidays. This also happens to be the most likely scenario. Anons talking about EMP bombs and shit like that are essentially complaining that your mountain lodge at 8000' is set up to protect against yearly forest fires but would be wholly inadequate compared to the next Great Flood (which would wipe out everything else before it got anywhere close to you).

Yes, and the worst doomsday scenario for bitcoin is a breakdown of the power grid. Which was what I thought you two were arguing about… seeing how you were arguing about it.

This is why I never take any innawoods LARPers on the internet seriously. It doesn't have to be a fantasy. They could literally be innawoods right now, living off the land, and all that good stuff; but they can't peel themselves off the internet long enough to actually go do it.

Honestly, most of those people would die within 2 days without actual modern technology. Either they'd be eaten by a hungry pack of wild dogs or they'd eat the wrong mushroom/berry without the ability to Google which berries are safe. Otherwise, they'd die of exposure or malnutrition. Personally, I love technology and am quite glad we have it. I'd be one of those "pussies" who would seek out the nearest shelter so I could have a cot, hot showers, and internet.

BTC would not survive a global EMP.

EMPs don't work like you think they do.

What is this shit anyway, are we being shilled? Why even bother arguing about the idea of a complete breakdown of absolutely everything, it's not going to happen. The USD will die, and plunge the world into a financial crisis, but it's never going to be the doomsday scenario where we get send back to the stone age overnight.

A shill requires a hawk. No hawk = No shill.

coinmarketcap.com/currencies/views/all/

it looks like these guys don't know a damn thing about money

blockchain.info/address/115p7UMMngoj1pMvkpHijcRdfJNXj6LrLn
blockchain.info/address/12t9YDPgwueZ9NyMgw519p7AA8isjr6SMw
blockchain.info/address/13AM4VW2dhxYgXeQepoHkHSQuy6NgaEb94

These are the addresses that come with the ransomware. They're not pulling in that much.

buhahaha
please tell me you retards are putting REAL MONEY into this stuff lmao

you don't have a public library around there?

same with gold you fucking retard

Firstly, a solar flare is more apt to take out satellites than ground based systems. Ground based systems have the advantage of a magnetosphere and atmosphere to dampen the effects.

VHF is a shit tier way to deliver internet, as it can't get over the horizon. Locally it might work well, (I assume some of the large cities that have city wide internet utilize this, or maybe they just have a shit ton of wifi hotspots, not sure) but to build a global system out of VHF receivers and transmitters capable of the task at hand would be a nightmare. Assuming the mobile data infrastructure is still intact, it would be better to utilize that on UHF. I don't even know where you get a fucking VHF modem.

We have essentially 0 infrastructure for using microwave internet.

The generators hopefully aren't fried, if they are, pretty much everything that wasn't protected got fried. So I'll assume we will have access to electricity. But that underground cabling, again, could bring local zones back online, and would be helpful for reestablishing a national internet, but don't do jack shit for international connections.

The idea that it only takes intelligent people to recover from a catastrophic event is nonsense. Somebody that networks doesn't generally know how to actually build a router or a modem. And the guy that builds routers and modems is a factory worker who doesn't actually know how to design them. And the guy that designs them probably isn't skilled at making them. Even if they all got together, how many raw materials and components do they have on hand at the factory? Do the machines at the factor work, and does the factory have power? All of them have just had their communications cut off from one another, and all of them have a few days before the shelfs go bare and the water towers run empty.

Do you think the truck drivers who move shit around care about bitcoin? How are they being dispatched? How are orders processed?

We have way too much specialization and computerized logistics to assume that a few tech guys from each community are going to be able to save the world with what they have on hand.

To put this a different way, it was once claimed, and at least I find it to be likely accurate, that nobody has known all of human knowledge since like the late 1800s. A few smart guys, with willing labor, could probably re-establish and maintain an industrial age society in a reasonable time frame. If society breaks down, a few smart guys can't re-establish the space age or information age.

There are just too many puzzle pieces for any small group of intelligent people to organize, coordinate, and find enough willing labor and resources to design, build, launch, and maintain satellites. Or anything but a local energy grid. These types of infrastructure pretty much require a stable society with reliable long range communication and the resources necessary for the task at hand.

We're talking about this, because some retard is insisting that in the event of a complete breakdown of our powergrid and internet, that people are spontaneously going to bring bitcoin back online in short order, so that we can use bitcoin to trade in a post apocalyptic world. Even though 99.9% of the population doesn't use bitcoin, and even though most of the remaining 0.1% don't have enough bitcoin for them to give a shit over a few thousand bucks or something.

Just like gold, its backed by the cost of mining it.

Better than gold, entire decentralized exchanges, markets, data stores, encrypted messaging, and more things than you normie jewpaper fags know about run on top of cryptocurrency blockchains.

Gold actually has real life uses.

The cost of gold is determined by supply and demand, not the cost to mine it.

Gold you find laying around isn't worth less than gold you spend $10 billion to extract.

If the value of gold was higher than the average cost to extract it, the price wouldn't go up, people would simply stop mining for it, until it became profitable again.

The idea that something would be "backed" by wasted energy to extract it is something only an ignoramus would suggest.

Is a gallon of spoiled milk worth the same as a gallon of new milk, simply because they both cost the same to extract from the cow?

Lower, not higher. Sage for double post.

What else is there? t.I just bought 40 grams of gold

Ultimately, the traditional use for gold is in decorative displays and jewelry for the rich to flaunt their wealth.

It's a natural desire of human beings to flaunt their wealth, and that's why rare physical objects that don't degrade, such as gold and silver have had lasting value, even before their industrial uses were realized.

This does not apply to bitcoin, because bitcoins aren't real objects, and therefore cannot be flaunted. Being rare is fairly meaningless in a digital sense. A rare video game item is probably more useful than a bitcoin, as at least a rare video game item can generally be flaunted in whatever digital world such item exists in. For whatever utility that is worth.

Who gives a fuck? The point is bitcoin can be transacted wirelessly longer distance without the wired internet.

That's not true, a lot of rural internet is microwave-based going from pedestal to pedestal.

Yes, it only takes intelligent people to recover. Niggers and dumb people will not be recovering shit.

Because they don't have to, an intelligent person figured it out and gave them instructions.

Because he doesn't have to design them, an intelligent person did that.

And you'll have millions of intelligent, motivated people scrambling to get their shit going again. We're not niggers, we'll find a way to make it work.

This is a lie, this thread is full of comments suggesting bitcoin is no good because it won't work without the internet - which is not only false but a seriously stupid, LARPy reason not to do something.

Neat, time to sell all my holdings 1.99 €^.

Take a look/ask in the forums, you dingus.

At that level of happening, even gold has little value.

Up to that point the advantage bitcoin does have over gold is portability, 1 bit coin weighs the same as 1000 bitcoins, ie 1 flash drive. 1000 ounces of gold are going to be a challenge to carry around with you. Right now 1 bitcoin is worth more than 1 ounce of gold.

Lol at the fags on this board that still don't understand that a tamper proof ledger is kike kryptonite

1 if we study a collapse such as Sarajevo we find that paper money became worthless in less than a week due to counterfeiting.

2 A hyperinflation collapse can happen at any time and bitcoin retained its value. Venezuela.

3 money that has retained its value and can be used for long distance trade external to the city/town its in has huge value.

4 bitcoins value to trade will make it the commodity that puts itself at the head of the queue of communications.

The next city might have the penicillin that your town needs, but that cant be sure you have anything worth trading for to make it worth the risk to trying to sending it to you. Send your bitcoin address and send then 1 satoshi with a note to their address and you may have a deal.

With gold there would be no way to prove you had the gold unless you (or they) risked traveling.

5 who do you think is going to be more motivated to set up internet communications? Who do you think will be controlling such infrastructure? Who do you think will be able to get spare parts/ obscure items from afar? Yeah the bitcoin holders.

Having some bitcoin is a very good idea.

user, $100 invested in bitcoin when it started and i'd be a fucking millionaire now. You're goddam right i'm upset.

You wouldn't though cause you can't cash it out! What's the upper limit for the amount of bitcoins one could cash out. 10? 100? Certainly less than 1000

Irrelevant, you can constantly withdraw bitcoins every month, whatever that limit is, and that's a constant source of money/

Yeah, in some sort of local break down situation bitcoin works in a way. That wasn't what was being discussed, and wasn't what I was replying to.

But in a local break down situation bitcoin has other problems. Like it's volatility. Right now it's pretty much insane to save money in bitcoin because whether you'd have valuables in a local collapse or not is a gamble. That's how it is now. Things might stabilize over time, and then it would be ok. But consider the scenario where some poor Venezuelan had put his savings in bitcoin in 2013, when it cost 1000$ … and then had to spend it for food last year, when it was worth 200$. Sure he'd survive, but he'd lost most of his wealth in speculatory bubble deflation.

Something that doubles or halves it's value over months is something I won't put any money in. See, my problem is opposite from most bitcoinfags. I already have money, I have to be careful with it. That said I did buy a handful of bitcoin back in the day and keep it around as a novelty.

Governments and military?

Ah…. guys?!

OneGram, the first ever Sharia-compliant gold-backed cryptocurrency announces the launch of its ICO
newsbtc.com/2017/05/28/onegram-sharia-cryptocurrency/
archive.is/QCl0M

I wonder how fast bitcoin would drop if it was actually accepted without governments getting weird and anybody that wanted to could just cash out at any time in full?

user, if the zog shuts down the internet, it'll be back in 5 different formats within the first month.
You can't un-invent something this huge without 90% of the population dying, and I'd wager not even then.

Yeah okay, go make me some bitcoin, buddy.
They're backed by technological innovation. Civilization has to fall for humans to no longer value technological innovation.

Your point being?

And how do you propose this would ever happen?

Who accepts Bitcoin?
Is there actually anyone who lives off bitcoin?

What wallet are you using and where do you but your ETC?

ransomeware bandits, lol

Bitcoin hits $5000 as chinese capital flight increases, then promptly crashes as people realize they can't convert it into real money and it's actually not as useful as a more modern crypto based on better tech. Then half the reddit userbase kills themselves in their garages.

...

The biggest value of bitcoin is exchanging it for real money from suckers.

That is true. I envy the people who have successfully been able to speculate value off of it. I don't know if there have been any, but so far it's been essentially free money.

I would simply walk away without regret. It's in the government best interests to keep it going in that it keeps you interested in their pellet feeder.

Sounds great, actually.

It's not irrelevant at all. What this means is that it holds value longer than it normally would.

I've heard that you can buy bitcoins from coinbase but you need a bank account or cc from the supported countries there, mine as you might see, will not be added until the end of the century.
Where else can I buy bitcoins and send them to my wallet?
and what about the transaction fees incase I cash out?

I've heard people use something called bitcoin web of trust when trying to avoid banks. I think it's like a system where you send money in the mail and people give you bitcoin, with trust ratings on the vendors.

I've never used it so I can't vouch for it personally though.

Lol you have to send real money in the mail to get it??? I mean what the fuck is bitcoin then? It's basically just a totally worthless fad and is only worth anything because it is a fad.

Bitcoin is the tickle me elmo of 2017.

you faggot

Except that it's been around since 2009. You're not very bright, are you …

BTC is about to crash to 1800. There is no reason you shouldn't at least own some BTC. Keeping all your wealth in the Dollar is stupid.

Paper
Read the white paper not the newspaper if you want knowledge.
Because basically everything that was free was banned in the 90's.

Free money?
Free music (napster got sued and lost) and free movies (piratebay.org/various uploaders etc.).

Then came BitTorrent - decentralized filesharing. Everyone downloads and uploads what he can.

This went around a while, and free movies were great if you wanted to talk to people about the movie, but not get ripped of at the movie theater.

Digital ecosystem, digital economy.
What happened in essence, the forming of a digital ecosystem with a set of rules [code].
Then came the crisis of '08. That was the perfect timing of Satoshi's release of bitcoin into the open, and if every person connected to the internet would have jumped in right there (I have seen exchange rates of 1.29$ /BTC) it would become the world reserve currency overnight.

Feature
A cool feature of the bitcoin blockchain is that due to its size and security it can be used as a permanent writing wall [with a timestamp verified by millions of distributed machines].

This Thead
To add value to this thread, consider using one of the many videos that were made in a response, because of the steep learning curve.

Solid system
The system is solid, no downtime, occasional delays due to [profitable] constant DDoS from every central banker and his mother.

My experience
In almost ten years of bitcoin involvement I can truly say that there is nothing like it.
The movement [08-09] had immense funds, and huge gains, everyone wanted in [looking back, with good reason]. But what they did, they went around and shared them.
The pizza example is such a thing, and the rise in value is nothing more than paying someone for knowing what you know now, but earlier. I think that early bird investors are entitled to the gains, because that is the deal.

New social contract?
The new social contract is time, and as we know, time is money. So having time now is worth more than having time tomorrow.
You can see this in our current economic model, where the collateral is the inheritance to the generations that follow. Under the new social contract, everything is free, and if it is not, it should be made available on a scarcity based way. Enter bitcoin.
A single bitcoin today is worth more than the greatest nation on earth today [USA USA], why? Because a coin that was made in cyberspace with no guaranteed ((TRUSTED THIRD PARTY)) has 2000+ more purchasing power. The shreeking in your intertubes will subside, just like the writers when the printing press arrived, just as post-offices closed because everyone used @mail.
Just as Hollywood cries every time they make billions because of internet pirates.
What we are now facing is the heart and mind of the beast. We have come a long way in securing the information for our followers in time.

Making bitcoin greater
They to make bitcoin is to spend it, give it to a friend as a birthday gift [ever seen a giftcard rise YOY, this one has no expiry date!]
Ask your local shop to accept it [bitpay or similar] and try not to inform them.
Why not inform them? because bitcoin is invented magic, in a soulless machine world with machine machines and machine people we have seen zero miracles.
Bitcoin is truly magic internet money.

Links:

Arch enemy paypal commercial

youtube.com/watch?v=j2YW3khYWBc

Bitcoin parody

youtube.com/watch?v=O1O3wY_zTSI

stupid.

...

Jews use Bitcoin too

Indeed, in a once in a couple of millenia (at best) disaster were to befall us all, then everything except a pointed stick would have no value.

Putting your retirement money in this shit is retarded, but I've seen way too many "weird ass computer nerd ideas" turn into billion dollar industries to just toss bitcoin aside because it makes the normies snigger.

Could be wrong. If so, I'll have lost some entertainment money. No biggie.

...

Bitcoin prices follow how useful it is. Think of cryptocoin not as an ethereal collection of ones and zeroes, but rather as a way of backing up a small amount of data or verifying something. Every transaction is saved and verified by hundreds of thousands of computers, and all for a one-time transaction fee of like a couple cents. That's why so much interest and VC cash is pouring into blockchain technology.

The instantaneous USD/BTC conversion rate is meaningless. It doesn't matter where the decimal point is. What matters is purchasing power, and this exchange rate has nothing to do with that. You don't miraculously get to buy more goods with one dollar worth of bitcoin than you'd get with one dollar - fluidity differences aside, of course.

Does one dollar have more purchasing power than one yen? Of course, but that doesn't matter. People earn thousands of yen for an hour of labor and pay hundreds for a simple meal. Turning that money into dollars before paying doesn't net you anything more.

It's silly to use SHTF as a barometer of how sound an investment is. Putting money in gold, silver, and land is better than keeping it in fiat; but you can't eat them when everything goes to hell, just as you can't eat bitcoin. The only difference between them that matters is volatility. Not everyone wants risk and reward, and that's fine.

I don't wanna read this, damnit. Back in 9-10ish we all mined at school. Joking hey, go buy me a soda and I'll give you 10 coins.

I..I..I… nuked my PC deliberately, burning my wallet… I I could lit had millions of shekels right now. Just gas me. I was known for only 3-4 years ago to go around and say shit like;
wtf this stupid monopoly shekels hahaha it's almost worth 1 crown now, what a joke, people are stupid
Please gas me

But it's how it goes lol

What are you guys going to use to buy? Coinbase?

Coinbase is the easiest way, if you live in the US, they require you to enter your ID, SSN, and full name and address, which is required by the IRS for this stuff. Yeah, you're going to have to fill out a 1031 or whatever the capital gains tax form is, that is if you make any money. Even if you don't, being that you're an internet nazi, the IRS will probably send you to the electric chair if you jew them out of even a penny. Man, even if you want to exchange crypto to crypto, you have to record the transaction, the price of bitcoin, the gain, everything else. It's a big barrier to entry if you ask me. I think this is going to be the new jew currency, which is why I'm invested in so many of these coins. But it is kinda beyond me, the technojargon is incomprehensible and sometimes I wonder if any of this is as accessible as it'll need to be for widespread adoption.

Nevertheless, an investment it is, that is until the jews come down on it. There's probably a load of money to be made until then, so I think it's a good idea to get in on some coins, probably Bitcoin mostly… but I'm probably going to choose a price at which point I cut the greed and pull my investment. Otherwise, gold and silver are still a good buy, especially since you can just pay cash, keep it buried somewhere, and that's that.

I guess those who DIDN'T invest it back then feel less regret than those who did and sold it off as a novelty.

i can't see the value in it tbh. you might as well buy drugs and bullets, if bitcoin ever becomes the major trading currency of the world it's nuclear armageddon, because the euro, usd and yuan all collapsed.

thought it great if you want to spy on people, because every financial bitcoin transaction is traceable publicly, there is in effect a fingerprint on every bit of money exchanged, so you can always find who bought or sold what. this is how they cracked down on the silkroad guy so easily, he was sitting on million (now hundreds of millions) worth of bitcoin, the moment he tried to spend any the tracked it back through ups to his physical address.

cryptocurrencies are almost irrelevant given how the cryptographic platform they are based on (PKE) is insecure in theory, we just lack the computing power to brute force it. Traditional online banking has the SWIFT network as a backbone, an airgapped system removed from the internet.

BTC is worthless, but people could keep pumping and dumping it up to tens of thousands of dollars, you're playing the same game you play when you buy overbought stocks like the tech sector. I would advise to never put more than 10% of your net worth in any one thing, but for most people that is barely 10-100k USD so the returns will be paltry.

Know that it's trading range has been between 500 to 2800 in the span of the past 12 months. Buying near the present price is suicidal short term, but it might make you 5-10x your money back in the long term (5 years).

Bitcoin is so fucking gay and you faggots are helping (((them))) usher in a cashless society.
I hope you're happy with yourselves now, because you won't be when they lock it down on you and you don't have cash to turn to, because you fucked everyone including yourself.

yeah, no

No, you are very wrong, and you did not do your research at all.
A . Bitcoin cannot be traced to a persons birth certificate.
B. Bitcoin adresses are pseudonymous : only the holder knows how to spend them.
C. The blockchain was not used in brining down "Silkroad guy".
The FBI sent a request for the site, and discovered the captcha mechanism was hosted on the guys home pc. A simples WHOIS brought them the provider and a simple legal text gave them the data.
TL;DR : he was fucked by centralized organizations where in a free world the government does not get to say what I spend my money on.

YOU ARE PATHETIC AND SHOULD NOT POST FURTHER

"You don't miraculously get to buy more goods with one dollar worth of bitcoin than you'd get with one dollar"

Exactly how many coins are out there that are just like ghost coins now or whatever? I.E. coins that are no longer accessible by anyone because the wallet they were in was deleted in a hard drive format or the password to them is long forgotten. Is there a metric out there for this? Can't you use the blockchain to get a rough estimate of that? Because I have no doubt the vast majority of coins mined in like 2009, when they were literally being traded for pennies were all carelessly deleted or forgotten about years ago. Is all that shit just forever gone now?

Presumably yes, however in monetary economics this doesn't matter.
Supply /demand is in a new equilibrium due to the missing coins (incresed rarity, higher price)

Bitcoin has not peaked yet. It will peak when the dumb technologically illiterate fags ITT start hoarding it. That's one of the reasons I like bitcoin, it makes smart people and fellow geeks rich. Dumb fucks ITT will be left behind. Bitcoin will compete with the USD as a world currency in the future. Someday we will laugh at the day we used fiat as international currency. US has been exporting its inflation to the world for too long. This will stop.

I'm reading "A Random Walk Down Wall Street", which is widely regarded as one of the best books for beginner investors who want to invest seriously. The author's central idea is that trying to beat the market doesn't work, and to get rich the best strategy is to put your money in index funds representing a diversified stock portfolio.

Going by some a comment in the book the author, Burton Malkiel, is not a fan of Bitcoin. One of the ideas he mentions is that (simplistically) any security's intrinsic value is the sum total of all its future cash flows, discounted to today, which is a common way to look at stock value. Most people, however, value a security by how much they think the next guy will pay for it (greater fool theory).

Going by the present value method, bitcoin's intrinsic value is zero - but I think he misses something here - the present value of all future cashflows of 1 BTC is really the money you save by avoiding having your savings in USD being eaten by inflation. Any finance goys here care to comment?

Yes please, you should stop posting entirely, you bring down the board's average IQ.

If gold wasn't used to retain value, it would be extremely cheap. Gold also has MAJOR drawbacks compared to bitcoin:
-banks can always lie about their reserves (the fed used to allow people to audit the gold reserves but changed that rule). This lowers the gold price significantly.

-fractional-reserve banking (basically the roots of all evil)
This is not a problem in bitcoin. If you loan someone, you have to actually send him money. There's no money out of air. All transactions are public and stored forever and can't be changed. Your balance is the same of transactions involving your account.

-it's not finite. well of course it's finite, but we don't how much gold is out there. Every gold mine decreases the value of gold. Discovering gold mines is unexpected.
Bitcoin is capped to about 21 million. We know the rate of mining.

You dumb fucks should spend time reading about encryption and how bitcoin works before going hurr durr it's just bits

Yeah, but where do you go, and just put 5$ in. Educate dumbfags pls.

you remind of retarded niggers who believe the earth is flat because the see straight roads.

If your mind can't grasp something, spend sometime reading before spouting shit like retarded niggers.

*sum

I'm freshly out of college and I'm always down to invest, do anons have any advice for me investing in cryptos? Is it too late for me to buy in?

Thanks anons.

at some point chinks will use their supercomputers (and cheap energy) to crack the passwords

wait for the chinks to sell the cracked wallets
BTC will be under 5 dollars by then

People in this board are supposed to be redpilled and half of them don't get bitcoin, so no, it's not too late to make a decent profit. It would be late when everyone even your grandmother has a bitcoin wallet, but even then bitcoin would still increase in value because people lose wallets all the time so deflation is built-in.

Holy shit, is public school this bad ?

This is why it probably is a paradigm shift and computing technology is just going to revolutionize currency just as mining did with gold replacing shells. That said, I don't know if BITCOIN will be the go-to just because of vulnerabilities (hard forks spook me, and once someone creates a quantum computer, that could mean any number of things for blockchain).

Most of the anons here are acting retarded for some reason. I guess they don't know the tens of thousands most people are making every week by fucking around day trading cryptos. Of course, you have to report this to the IRS, but fuck me, if it makes me rich, so be it. I would get in on smaller coins…. the japs are liking XEM and XRP so they're not bad buys, in my mind. ANT, GNT, and AUG are all ETH tokens which means they may gain some value speculatively in the near future, but won't retain that value (in my opinion), so it's a get-in, get-out when you remember to be risk averse, and make some money…. otherwise, Siacoin might be shit, but its cheap enough that you can make bank. Bancor is going to be a jewish laundering scheme, but getting in on that might be lucrative. Seeing as the ICO for BAT today sold out in 25 seconds, good luck getting in. I'd say this is a bubble, but it rings of capital flight to me. I think this summer we'll see the capital flight continue at breakneck pace until the budget showdown this fall and possible geopolitical confrontation that will be false flagged in order to save the US economy.

I honestly wouldn't be surprised if half this board was just jews trying to occupy you idiots with dumb conversations that are violent and meaningless just so you don't spend your time on cuckchan/biz/ seeing all the fortunes people who aren't retarded are making. Some NEETs are unironic millionaires because they are able to spend all day researching and getting in on cheap fucking coins. If you want to miss the bubble, have fun, but I'm riding it to the top baby. If it crashes, fuck me, but that's why I'm staying on top of my game. Right now, the bubble hasn't begun. There will be obvious signs that anyone who has a high enough IQ should be able to pick up on and act accordingly.

kek
how do you think it takes a regular computer to "crack a bitcoin address" nowadays? and how fast do you think future supercomputers will be related to current computers?

I got into crypto just these days… managed to put 40 bucks into Mysterium.
Got any tips on how to distinguish shills from legit information on /biz/?

try again:

spectrum.ieee.org/tech-talk/computing/hardware/encryptionbusting-quantum-computer-practices-factoring-in-scalable-fiveatom-experiment

nextbigfuture.com/2017/05/china-builds-ten-qubit-quantum-computer-and-will-scale-to-20-qubits-by-end-of-this-year-and-could-any-beat-regular-computer-next-year.html

late march/early april there was a small sell off

I dont want a cashless society, assbag

Yep. The second it gets excited nods instead of a blank stare from normie acquaintances I'm all out.

Cryptocoin has all the advantages of trading fiat cash without the biggest downsides. People can trade Bitcoin for cash, products, and services face to face. All you have to do is drop a wallet on a flash drive. Zcash, Monero, and some other altcoins provide 100% anonymous and confirmable transactions.

I said I was talking about instantaneous exchange rates. Read the sentence you quoted: "one dollar worth of bitcoin" and "one dollar" are the same thing for the purposes I mentioned. Obviously the former changes in value over time but not for the purposes of what I was saying.
Like any two assets, if you switch your dollar into an equivalent amount of bitcoin, you don't magically get anything more; you have to wait for the exchange rate to appreciate. Your arbitrary boast that one bitcoin is worth thousands of dollars doesn't mean anything in actuality.

Do you know how much it would cost in electricity to do that (excluding the enormous cost of researching and building a quantum computer)? It's going to be decades or more until anyone would use such limited computing assets to crack BTC private keys rather than doing something else, and there would be countermeasures deployed before that point ever came to a head.

Like I said here there is inherent value in what a bitcoin represents.
Probably not worth $2k+ but it's nothing to sniff at.

You just missed a great dip. Zcash and Ethereum had huge selloffs a few days ago when they peaked around $200. They dipped down about $100 before rising again to where they were before the sell. The news brought a lot of enthusiasm and many people bought the dip.

Any cryptocoin is a huge risk. They're extremely volatile and the technology is being written as we go along. Anything can go wrong, including large exchanges being scams, exchanges being hacked, and pump-and-dump schemes. When asking if a given coin is a good investment, ask yourself:
All of these factor into a coin's relative health.

well, we have this cool things the noobs can use now.
It's called the search engine, it makes a digital request to a website, and it gives you answers and other stuff based on what you typed.

bitcoinwisdom.com has a few exchanges listed though

so let me get this straight, you want to have a discount on a purchase just because you are paying in bitcoin ? shopping around helps.

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Plebs.

Bitcoin is in the midst of a civil war as regards to how it will scale.
If they don't resolve this, Bitcoin's a dead horse.
If they do resolve it, we might be looking at the future of currency.

if lightning network arrives the scaling debate is also dead.
Furthermore the ideal bitcoin mining world (and at some point environmental concerns) should consider a meta-mining idea.
What you do is create a core mining layer and encrypt it in a way the bitcoin can be mined via a closed system.
I never believed the scare about bitcoin A and bitcoin B.
There is only one bitcoin, it will remain that way.
Why? because that is was the protocol allows, if you use a different protocol it becomes 'not bitcoin'. And in code this can be quite binary indeed.

A better question.
How do you obtain bitcoins when the exchanges run empty, since no one will be willing to sell ?
Some exchanges have a market depth of only a few thousand coins (out of 16Million or so coins to date).
Maybe 100.000 bitcoins are available as we speak on the easy channels, if these run out.
Will we make it using the 12.5 BTC per block mined?
Because this singularity will happen.
And rationally:
You will not buy bitcoin for a high price
You will not sell at a loss
You will hold until it is profitable to exchange.

Using these 3 pointers you can sustain the thought that eventually bitcoin becomes (nears) infinite fiat cash.

I'm saying that you CAN'T do that. You said bitcoin is superior because it's worth thousands of dollars and not the other way around. I said that's a meaningless statistic.

Is there really so many upgrades on the table? They can't even come to an agreement on scaling. Are you saying that these things would come after scaling is improved?

What I said is that some scripters made a currency that is worth more than the current (former?) world reserve currency: Petrodollar.
A better graph to show how the dollar is doing.
go to :
xe.com/currencycharts/?from=USD&to=XBT&view=5Y

bitcoin is old and only has values because normies have not caught on yet. If we use something like ETH instead, transaction fees are much lower than credit cards (who pass them to the merchant who passes them on to you via higher prices) and the transaction time is very short if you don't care about waiting for confirmations (no point for small items).
Cryptocurrency has moved very quickly and evolved into something far superior to the initial bitcoin model. To those of you holding BTC: I suggest you move it to a more technologically developed coin like ETH or XMR. Slow transactions and high fees for BTC are going to kill it if anyone ends up actually using it for more than speculation.

Bitcoin was never meant to be fast, it was meant to be secure.
To date this promise is still being fulfilled.

This is not money chasing value, its dumb-money chasing money.

Do emails have tangible value? No.
How is a bitcoin anything different than email when you get down to it? Its just data.

Bitcoin was developed by the CIA and is a pilot-program for electronic currencies so that every transaction you make can be monitored, and more importantly taxed.
If you want true wealth, invest in silver user. Don't fall for the bitcoin meme because at the end of the day…

Its just another fiat currency

archive.is/xem7m

A good rule of thumb that never fails: "Is the MSM pushing this shit on the normal faggots?"
If the answer is yes, it is a big fucking scam.

...

Nope. Silver is practically trash.
Does it double in value every 4 months?
xe.com/currencycharts/?from=XAG&to=XBT&view=10Y

inb4 you get shouted down by shills

seekingalpha.com/article/4057035-part-2-silvers-price-manipulation

...

I only made 300% return on Google, didn't get in quickly enough.

Silver can't be ctrl+c ctrl+v'd
Bitcoin tech can.
Whatever, there's no point arguing with you kikes.

I know about the manipulations of silver. Better yet: in the latest news Deutsche Bank was found guilty of being an international criminal organization (Italy - monte dei pesco derivatives case to hide losses).
If DB goes, everything goes.

I'm annoyed I didn't get in at ground level, but at the same time I'm not risking being a bag holder either. Go read "A Short History of Financial Euphoria," it's in the sticky.

Okay, can you show me that you can copy/paste bitcoin ?
That technology is worth millions.

...

Etherium.

Depends on your goal.
Silver is trash metal (manipulation did this)
If you want silver : buy bitcoin.
if you want gold : buy silver
if you want gold :buy bitcoin
if you want usd/eur/cny : buy bitcoin

That's bullshit.
You still have to transact on/off the Lightning Network via the Blockchain. And 1MB blocks are not even close to enough to allow people to do this in the case of mass adoption.
You an /r/bitcoin'er? Jihan Wu might be a dipshit, but the amount of horseshit that comes out of Core (Maxwell, Luke Jr and others) is insanity. Blocks DO NEED TO BE BIGGER - EVEN WITH LIGHTNING NETWORK.

bitcoin is not for the weak hands

maybe, but then don't call it bitcoin and start a side chain.

this is not a method

You understand that they sell silver from the future today and mix it in with the price of silver you can buy and put it in your hand? They do this to suppress the price as it lets shabbos goys like you make this very argument and boosts "faith" in the dollar.
They are suppressing the price on the markets by flooding it with silver that doesn't exist.
Last I heard there were something like 350+ claims on each physical ounce of silver in existence.

Stop measuring your wealth in worthless, bullshit, paper dollars and start measuring your wealth in ounces…

...

no, because of the creation of a complete new market, price discovery is awkward.
However, a general upward trend can be seen.
If you are not prepared to lose 50% of your value in a few minutes, then wtf are you even doing in a bitcoin thread?

one in 350 ? That's small beer.
Try the world population on 16 Million true value tokens.

Quantum computing will make Bitcoin obsolete. It will be trivial to exploit the blockchain with a quantum computer. Quantum computers are no longer pure theory. D-Wave is now producing real, live quantum computers and USC, NASA and Google all own one. IBM is now (as of a few months ago) mass producing quantum computers (google IBM-Q). IBM's quantum computers are basically what D-Wave was producing in 2010 so they probably reverse engineered them from the USC D-Wave quantum computer. However, in 10 years or so every large data center will have a quantum computer or two in it and 20+ years from now we will have quantum processors on the motherboards of every home computer. Unless every miner simultaneously obtains a quantum computer, a 51% attack will destroy the blockchain at some point in the next decade or so.

Bitcoin sounds nice and everything, but what if there is a catastrophic failure of infrastructure of electricity? Does the money effectively get "deleted" until the power comes back on?

If quantum computing gets too good, isn't it possible to change bitcoin's encryption method from Elliptic Curves to something more post-quantum-safe like AES?

e16aca, is just raw as fuck because he got caught in the goy trap.
He is trying to trap you too.

Bitcoin is not a reliable storage vessel for wealth as it relies on the internet to continue existing. Anyone who has even the faintest grasp of historical currencies knows that fads/hype are just there to harvest wealth from the suckers.

That would be a moot point user. If the webs stop or the electricity stops currency and gold and wealth and all that goes out the window. Reactors melting down and shit

The idea that you can make a profit from shorting cryptocurrency is going to kill it. The price of BTC and the others changing wildly isn't going to make it attractive to anyone wanting to put money in it over a long period of time, and actually keep it in a wallet to buy goods with it. So if you want to fuck around with it to make a profit then you can do that, just don't expect it to become anything more than some obscure internet hacker money when everyone is as greedy as you.

Also, with all of the mining farms in china these days, it's not really decentralized, is it? You can't mine shit on graphics cards any more, except some other coins that aren't popular. But they will eventually have ASICs made to mine them, just like litecoin had when it was supposed to be the BTC that you can mine at home as opposed to bitcoin which required lots of expensive equipment to mine. It's going to all be controlled by rich faggots with warehouses of mining equipment.

ftfy

Understandable but at the very least the money supply would still exist in a traditional monetary system. Hell, it doesn't necessarily need to be a major happening where electricity itself shuts down, but what if someone just nukes bitcoin itself?

Bitcoin for all its pluses just is bogged down by that one major negative for me and that it is not a real thing, it's quite literally just numbers. Bitcoin just seems like a meme currency for people buying from the black market and making high risk investments.

...

...

Good point. If someone nuked bitcoin it would fuck shit up for sure. If that happened and the internet was still functional then another bitcoin will pop up. If the internet goes down then all bets are off. And you're correct the money supply is still there in reality even if it's digital. One might never be able to access and recover it but it exists. And gold silver and barter will exist but that would take the cooperation of a lot of people. I'm not seeing that happening soon and for good reason. The season is ripe for a worldwide spring cleaning. Time to remove the mud and the kike and get the show on the road. Once the problems are solved then we can get on to interstellar conquest.

nothing would happen, the longest chain that is in full integrity can reboot the entire bitcoin network.

Those smart motherfuckers

How would that even be possible? You'd have to destroy every computer with a copy of the blockchain or every wallet. With the amount of nodes and backups, I don't think that's possible with anything other than EMP attacks or global nuclear war. In that case, who honor paper currency either?

It's all digital, yes, but you should think of it as a register shared between a wide network of computers and it costs almost nothing to update it with a new message. There is inherent value in that as long as the Internet exists as it does now.

It seems that way, because it is that way.

Honest money requires a function outside of simply being a medium of exchange. Any currency that is merely a medium of exchange doesn't have real value, only value assigned by the whims of those who utilize it. Or in other words, it's a fad. It distorts the market into an intricate game of hot potato.

Actual assets aren't fads. The price of rare raw materials, land, energy, and capital might fluctuate, but they aren't fads.

What so many bitcoin enthusiasts forget to take into account is what "buying" something represents. You don't ever "buy" anything, that's a complete facade. You are bartering for things, always. All trade is barter. Currency comes into existence when a certain item is a rare consumable that has near universal demand, or when there is a stable market force that demands said item in order to utilize it.

If Jim's Emerald Shop has been in business for 5,000 years and always needs emeralds, and emeralds aren't just laying around, then you can be reasonably sure that Jim will give you stuff for emeralds. If not only you are aware of this, but your neighbor is too, then instead of always trading your emeralds to Jim for stuff he has, you can trade emeralds to each other for other stuff, knowing full well that you, or your neighbor, or anyone else can trade those emeralds in to Jim at any time.

Now if Jim went out of business, and assuming Jim was the only one who actually used emeralds, it wouldn't make a whole lot of sense to use emeralds as a currency anymore, as nobody could turn them in to Jim for stuff. It's worth noting that any resource that only one market actor wants wouldn't make for a stable currency. In real life for emeralds to be viable as currency, there would have to be a much more stable dependency on emeralds in this imaginary economy.

Emeralds, or gold, or coffee beans can't be used as currency merely based off from their rarity, or security, or portability, or divisibility. They need to have a use. If nobody is cutting emeralds to craft jewels or create lenses, then emeralds are valueless. If nobody is smelting gold to create jewelry or computer chips, then gold is nothing but a shiny rock. If nobody is consuming lattes and cappuccinos, then coffee beans are useless.

So you need to ask yourself, do people actually want bitcoins, or do they want what bitcoins can provide them? If NOBODY actually wants bitcoins for anything other than to exchange them for things they actually want, then it's a scam. If there are people who actually want bitcoins to do things with them, then it's a perfect currency. They hit all the check boxes EXCEPT having a use. They are emeralds, without Jim's Emerald Shop. They are coffee beans in a world where nobody drinks coffee. They are useless bits of data that just so happen to be secure, weightless, able to be divided into almost infinitesimal small parts, and can't be counterfeited. If they weren't useless bits of data, I'd be impressed.

...

You can literally say the same shit about fiat. No one wants USD, you just want what you can buy with it

if it isn't fast it's pointless.
Other coins are "secure" but almost all of them are vulnerable to a 51% attack. Need more diversity of miners, not diversity of minors.

thx user

Mate, UASF is a fork. It's a forced change of the rules - seemingly against concensus at the moment too.
The fact of the matter is that Bitcoin is secured by mining power by design. Therefore, by design (without delving into subjective semantics which is an argument with no finish), it is the mining power that determines Bitcoin.
I want SegWit. But the nutters who think the Blocksize is fine at 1MB are off their fucking tits. A functional, user-friendly LN does not even exist yet.

I know, Bitcoin works via a giant public ledger i.e the blockchain. It wouldn't be deleted, but if you can't use your wallet client because your desktop has no power or your batteries ran out, you wouldn't be able to do anything with the bitcoins that's in it.

Bitcoin is not a decentralized application platform, the fuck are you smoking?

lol I bought a shitload of ethereum when it first launched, now I'm e-rich. i'm not going to cash it out though. it'll probably crash and then i'll be talking about how i was an e-millionaire for a few months, for the rest of my life.

/biz/ - buy high, sell low

Again : NOT BITCOIN!

youtube.com/watch?v=sMmTkKz60W8

This one's for you user

Friendly reminder that more than 50 % of bitcoins are owned by China so you are basically helping them by bying bitcoins.

Litecoin will replace bitcoin!

if it does crash it'll just rise again in a new bubble sometime down the line. either long hold or learn to trade

No, Litecoin is about to be consumed by the same cancer that killed Bitcoin.

btcdrak

how much is it down since op

payeer. get there debut card. tithe. spend slowly. -BA

BTC
$ 2,434.98

Right. All this cryptocurrency fad is just a bunch of nerd kids roleplaying. There's no way we could build a decentralized infrastructure allowing us to make trustless, secure contracts cutting off intermediaries. Certainly, nobody is using any kind of cryptocurrency to do that right now. This shit is going to crash hard, and oh, have you looked at the hour. Time to take a nap.

But the technology do allow that.

21m total coins, no more. Paper money is being printed out in record numbers. USD is down 5.5% from year start.

businessinsider.com/trumps-budget-chief-mark-mulvaney-loves-gold-and-bitcoin-2016-12

Oil and paper retards are going to get BTFO these few years. Invest in assets or metals and crypto

Yes, all sorts of things are being done on the blockchain, you are as uninformed as normies.

It's not just a store of value anymore, entire decentralized exchanges, markets, decentralized git repos, file storage (Storj pays for HDD space), prediction markets, games, and all sorts of things run on cryptocurrency networks now.

PepeCoin already supports decentralized encrypted messaging, uncensorable public messaging, file hashing and upload, and soon a decentralized asset creation exchange with a home base at kekdaq.com

Yes, but even as just a store of value, it is a good investment imho. Longterm, the value can only either go very high, or tank to zero. But I think the second option is rather improbable, since a lot of people and companies already invested into it, and it can't hurt to store a bit of money outside the banking system.

Yeah, take a look through coindesk.com its going very mainstream with IBM, JP Morgan, Linux Foundation, Toyota, BP Oil, etc getting in loudly

Gold's usefulness lies in its ability to store wealth. The $1 I invest in gold today will be retrievable at the same or greater value 10 years from now.

No, it isn't. It is equivalent of fiat money, just the issuing process is different.

I want bitcoins because theres only 21m total.

I dont want jew paper money because more is printed every single day and the value decreases insanely.

Bitcoin will top $10,000 sometime soon. All the miners added up together make, by far, the largest supercomputer in the world, and people are working on launching BTC sattelites into space also.

Decentralized cryptocurrencies are the perfect anarcho capitalist experiment and its going really well. A lot less violence involved than the IRL petrodollar bullshit. Oilfag jewpaper niggers btfo.

businessinsider.com/trumps-budget-chief-mark-mulvaney-loves-gold-and-bitcoin-2016-12

Exploit it, then share it with your kin through private means of communication ensuring they also maintain confidentiality

USD is down 5.5% year to date, inflation pushes the value down even faster every year, and you worship jews who back their paper shekels with violence and death and imprisonment. You should be ashamed.

Trust in cryptography, math, and the largest combined decentralized supercomputers man has ever created. That's what backs it, and millions in investments and infrastructure

Bitcoin has scaling problems at the moment (mostly political). Core team refuse to up the blocksize and some in the other camp refuse to activate SegWit.
That said, there are only two kinds of people that are anti-Bitcoin/Crypto:
1. Those that don't understand how it works
2. Shills

A mined bitcoin is worth the same as a found bitcoin.
The energy is not wasted, its processing millions of transactions a day and moving datas, messages, decentralized markets, and many other things around. It uses less power than the mainstream banking industry and has more potential for efficiency.

coindesk.com/jpmorgan-partners-zcash-team-add-enterprise-security/

You can't "just nuke bitcoin itself" thats the whole damn point. It's been "killed" and revived 3 times and it can't be stopped. You can stop the USD to crypto conversion but you will drive everything to the black market and kill all innovation. This is just like when the Internet was new and people didn't understand how it could ever really get popular and were scared of it

It's irrelevant. Segwit is being activated soon, even if its not, it will be fixed someday and with a hard limit of 21m units is a good investment. It will be the gold standard to the rest of the cryptos, but Ethereum and ZCash will be climbing to the $1000+ ranges soon enough as well.

Yes and no. If you would make usd-bitcoin exchanges illegal, most people would not bother and bitcoin would become a niche thing, so that would effectively kill it. But this seems to not be happening, governments took the stance to allow it and tax the profits.

Technologically, it could be killed only by breaking the crypto security behind it.

Governments dont want to kill what could be a very beneficial technology for the entire world. Just like when the Internet was new.

They are coming down hard on people who trade btc for USD outside of coinbase. 9 years in prison for one guy recently just for trading without proper licenses, the govt wants their cut. But it matters less now, BTC has real worth and you can buy houses, land, cars, computers, all sorts of things in all sorts of different markets with it. Paper shekels are becoming less relevant. I pay my rent, office rent, and almost everything with BTC. I get paid in crypto and only work for inflating paper when interest in crypto dries up temporarily.

It cant really be killed by breaking the crypto security behind it. If SHA-256 was cracked, Bitcoin would fork to a more secure or quantum proof algorithm. It would be bad but it would recover like it has before.

What country? This sounds insane.

you may want to think about that twice, see and that's not even taking account inflation. $/€/£ is a better way to store wealth than gold at this point, that's how bad gold is for storing wealth.

I've heard a bunch of things (that really shouldn't be) have been turned into pseudo-fiat currency. More gold traded than can actually exist or something like that.

Really? I just signed up on kraken, too. What makes coinbase more legitimate than any other crypto-exchange?

Didn't the individual you mention get 9 years for selling narcotics with bitcoin and not reporting the income to the irs for obvious reasons?

Enjoy getting rekt government shill

LOL - learn 2 definitions
No government, become your own bank, swiss bank account in your pocket.
or

...

The likeness to the cannabis debate is staggering.
lol, you cant :D

There's a cryptocurrency called maidsafe that is the preliminary coin behind the new Internet, the safe network.

Basically, you will log onto a network and be able to be completely anonymous. Make websites that cannot be taken down, save files that can never be found, and communicate with people completely anonymously.

any computer around the world can join the maidsafe network and offer their extra storage space. So if someone is logged into the network and wants to save a file. It is saved and then broken into chunks and then encrypted and sent to random computers around the world connected to the maidsafe network.

They are currently releasing alpha, beta by end of year and the launch will be next year imho. Will revolutionize internet.

doing Kim Dotcom's work

The energy is wasted, as it is spent doing a pointless task. Mining a bitcoin is what we are talking about here, not transferring a bitcoin. All digital exchanges of data take minuscule amounts of energy. It's another convenient thing bitcoin has going for it, but without a tangible use, it still have no value. I don't care if it checks off every other checkbox of honest money, if it can't be utilized, it's fiat.

The only sense in which using energy to mine a bitcoin isn't wasted energy, is to the person who profits. It's a net loss of energy when people drop the fad of bitcoin, and they become worthless. Yeah, the miner might not eat the cost, assuming he passes the hot potato off to somebody else, it's whoever is left holding the hot potato that eats the cost of the lost energy rolled up nicely into their other losses on investment depending on the price they pay.

Look, if you spend $50,000 mining some bitcoins, and make $1,000,000 before the scam comes toppling down… good for you. I have no problem with people playing around with bitcoin as an investment scam. If idiots want worthless bits of data, because they happen to be secure, divisible, portable, etc. then feel free to sell them those worthless bits of data. If you honestly think about spending $50,000 on mining bitcoins and holding on to them because you think it's the currency of the future, I feel bad for you.

It's a lot like the beanie baby fad of the 90's. I would never have gotten involved, because beanie babies, to me, seemed kind of silly. I'm sure there were lots of people who made a shit load of cash off from beanie babies though. And I'm sure that at the time somebody might have waved the money they made in my face and told me how dumb I was for not investing in beanie babies. Ok, fine. If you know how the ride the wave of a fad, and can get in cheap, sell high, and get the fuck out before it comes down… then by all means, make some money. But you have to feel sorry for the idiots that spent thousands of dollars on beanie babies as an investment strategy, who are now holding on to massive amounts of near useless bean stuffed animals.

The difference is that beanie babies physically exist, have unique characteristics, and might some day be worth something again as a collectible as they slowly are removed from circulation. Maybe in 2100, the hipsters will be all about buying retro beanie babies or some shit.

Bitcoins don't physically exist and aren't unique in any direct way. Nobody is going to collect bitcoins again in the future once they collapse. There won't be a bitcoin comeback. So ride the wave, make your money, and get the fuck out before that happens.

Miners process the transactions. That's how it works. And there is a lot more going on the bitcoin blockchain than just sending tokens around - there are contracts, decentralized markets, all sorts of data being moved around encrypted into the transaction messages.

If you dont realize that the miners are the ones processing all the transactions you are hopelessly misinformed and shouldn't be typing this much shit on the subject.

There are only 21m bitcoins total. The price will keep appreciating as theyre a good store of value and easier to move around than gold. Meanwhile your paper jew money inflates and more and more is printed every single year, USD is down -5% already this year.

Bitcoin is not going anywhere. The miners combined make up the world's largest supercomputer by hundreds of times over. There will be no collapse. I've been a cryptocurrency developer for many years now and normies like you have no idea what is going on in the space or even how the technology functions.

The free market says you are wrong, and the space is growing faster than the early internet did. Decentralized, public ledgers are the way to force governments to prove accountability to the people and will change the world. It's unfortunate you sit back and instead collect paper money backed by jew banks while those who truly research the technology and believe keep winning and winning.

This really shows your total ignorance on the entire subject and you should stop giving such confident and terrible advice. You are either ignorant or a jew cuck establishment-loving type.

Don't conflate the knowledge of how bitcoin operates, with what bitcoins are.

Bitcoins are bits of digital data. Digital data that has no use, other than as a medium of exchange. One does not need to know the inner workings of the system, to understand this.

If you were trading dog shit, and I told you that dog shit is worthless, the method by which your trade the dog shit isn't relevant. If the guy picking up the turds is also the middleman who processes the transactions, or if the guy who picks up the turds has someone else process the transactions, it doesn't make a whole hell of a lot of difference. I'm still going to tell you that you are retarded for trading dog shit.

I don't need to know how the dog shit gets moved around, I just need to know that you are trading dog shit.

I don't care who or what is carrying out the transactional dealings of bitcoin. You are still trading bitcoins. You are still trading useless bits of digital data. You are trading 0's and 1's. Nobody can do anything with your 0's and 1's. It's a fiat currency with no backing. Nobody has any demand to use bitcoins for anything tangible. It's value is propped up by a fad supported by people having no trust in traditional fiat currencies, and so they run to a new fiat currency because, "WOW much tech, such convenience" without thinking about economics.

Once people catch on, and really ask themselves what a bitcoin is, it goes to 0. The intricate system of how the bitcoins come into existence and get traded serves the purpose of muddying the waters. If you focus on the inner working of how bitcoins operate, sure, it sounds like a perfect currency. They've got you so wrapped up in how the dog turd trading scheme works, that you gloss over the fact that you are trading dog turds.

Except dog turds arent trading digital smart contracts that are being accepted by US courts as valid legal proof. Or transmitting files, computing data, backing prediction markets, all sorts of things.

Regardless of your personal beliefs on what makes things valuable, bitcoins are rare, fungible, and unique. Each bitcoin exists as a unique transaction hash tied to a private and public key and the chances of finding a hash collision in SHA-256 are near-impossible, and the underlying cryptographic algorithm can be swapped out in the future.

There are over 750 seperate cryptocurrency projects now, and Bitcoin only makes up 45% of the entire market value of these projects. But bitcoin holds a special value because its been around the longest, its the most tried and tested, and its been hacked and recovered multiple times, proved its resilience and all the rest. I personally would much rather have Bitcoins than metals.

It doesn't need to be a perfect currency, its an alternative. And the price will only appreciate as the remaining coins get mined out and the payout rewards drop lower and lower over the coming years.

Most of the world's money supply is also digital data. The problem is, the jews can print more and add more to the supply almost any time they like, especially with being able to re-loan out deposited money at 900% fractional reserve rates. Bitcoin is hard limited to 21 million tokens, and thats it. I have no interest in metals or trading and moving them around, and i love the power that decentralization brings. People are communicating through blockchains, storing data, renting computing time from these networks, all sorts of things. People like you remind me of the folks in the early 90s who said the Internet was just a fad and is useless for business.

Countries will make new cryptocurrencies that are just fiat – Russia and others already want to: coindesk.com/bank-russia-time-develop-national-cryptocurrencies/

But Bitcoin is supported by the people who hold it and the miners who democratically dictate allowing changes to the network protocol or not. With a hard limit of 21m coins and the longest live-test time of any cryptocurrency, people are finding value in unique data strings. Just like a movie, song, artwork, any other unique data, except you cant modify it because every computer on the network has to agree to your encryption mathmatics. Do some more research and youll see why people are so interested.

coindesk.com/fidelity-ceo-talks-love-bitcoin-blockchain-will-change-markets/

Is bitcoin being used to get capital out of China?

I see a0c019 defending debt based fiat being shat out from Central Banks with a ferocity while sneering at bitcoin's value.
Pearls before swine, folks, pearls before swine.

That's the problem. No other real money is supported by the people who hold it, it's supported by the people that utilize it. Everyone could pick up some dirt and pretend it has value, then everyone holding dirt is what supports the value of dirt. But if the people who utilize dirt don't give dirt the same value, then the dirt doesn't get purchased by the dirt utilizers, and it's just a circle jerk of dirt holders.

Also, the internet has uses and is a service people pay for. People thought that people just simply wouldn't like using it. It would be like claiming that Uber was going to fail, because people wouldn't like it, and would rather use Taxis. It's a prediction on a REAL service, the service that bitcoin provides is not the same service that people proclaim. What they proclaim is that bitcoins have value and can be used as currency, but that's bullshit. It's a fad, by your own admission, that the bitcoin holders WANT there to be value in their bitcoins. So they proclaim it to be so.

As far as contracts go, there is no problem with digital contracts. If bitcoin is being used in such a way, there is no philosophical problem from that angle.

That's a whole different ballgame than a currency that is doomed to failure from first principles.

Provide a quote or shut your lying kike mouth. I have done no such thing. I have advocated real money, and spoken against fiat currency in every post I've made.

The value of a fiat is always its "perceived worth" - usually determined by utility. Now:
1. Bitcoin has a capped inflation.
2. Bitcoin has numerous advantages over conventional fiats in anonymity, security and transactability (in future, likely almost instantaneous).
3. Bitcoin is already perceived as a valuable asset (first-mover advantage).

You keep talking of "real money". Define this. Is USD "real" money? How does it differ from Bitcoin in this regard?

STRATIS is the most exciting coin right now. There's a lot of speculative energy skyrocketing the price, but it's got the technical fundamentals to keep rising, similar to ETH last year.

Dumb fuck.
Slags aren't worth it

why not?

I already did here

You have not answered how the USD is "real money". In fact, that the USD has so much practical worth at the moment just shits over your entire explanation.
Value is perceived. This is what you miss. You apply your perception of what should be valuable and then assume that everyone else operates the same.
Imagine trying to sell Oil to a primitive tribe 500 years ago. They wouldn't know what it is. They would perceive it to be useless and thus valueless. Now, skip forward 500 years to a civilization that understands how to utilise it and you've got what is probably perceived to be the most valuable commodity on the planet.
Similarly, try to trade a $1USD note to a primitive isolated tribe today in exchange for food. They wouldn't know what a USD is. To them, that piece of paper holds no use. They perceive it as valueless. Now, move into a society that has access to the internet and that USD is now worth something, purely by virtue of concensus. The people within that society (rightfully or wrongfully) perceive it as valuable purely because the other's within that society view it as valuable.
Bitcoin is no different and this effect has already started. In addition, it holds several advantages over conventional fiats, namely that:

Bitcoin might fail. The primary team responsible for developing it received ~$66M in funding from the banking sector - who, it seems, are trying to "cap" its transaction capacity and thus usefulness. But cryptocurrency, generally, is looking like it'll be the currency of the future.

Prices seem to have stabilized?

Who would have thought?
t.ancap

Dont listen to the faggot. The only way to get fucked with btc is not reporti g it as capital gains.

Literally don't be a nigger

That's BTC. When it concerns FIAT, the country of origin deems it valuable by delegating it as legal tender, not the individual using it for commerce.

But here's the thing - Bitcoin bypasses that legal determination of value entirely. Value is then whatever the people themselves attribute to it. This is one of the reasons why, if the scaling argument is settled, it is a far superior form of currency to any other fiat.

Assassination markets fucking when?

I made +80% on DGB.
Seriously, now that I see the effects on my own money I start wondering why isn't this shit being talked about everywhere, you just need to study for a week and get rich.

I have a question which I hope the more tech literate could answer. If Bitcoin is a program that rewards users for contributing their computing power, could it be collectively harnessing that computing power in order to crack passwords? Hypothetically speaking. I don't know enough about cryptography and computing in general to answer, but it seems like Bitcoin would be the perfect mechanism for harnessing all that computing power.

Might this also explain the arbitrarily high transaction fees?

You've earned $0 until you actually get real money out of the exchange.

Good luck with that.

It is not.
The program that "rewards users for contributing processing power" is the mining software. By itself, I don't recall/think it's capable of contracting that processing to a specific purpose like cracking passwords.

I do that regularly. Where is your problem?

was meant for

What's the difference with freenet?

Are you retarded or something? I never made that claim. USD is fiat, it isn't real money. Do you know how to read?

Just bought half a bitcoin will spend it on ETC, will see if Holla Forums is right

Wait for a big dip to come after this bubble, then buy BTC and ether

lol, you don't seem to get it do you?
This is the money of free men, who wish to do as they please, with money obtained by their own efforts.
What are you ? do you have massive botnets or something?

How is this mining software set up? How exactly does it interface with BTC? Where does the Bitcoin program start and the mining software end?

Is it possible some mining pools are harnessing the collective computing power in order to do so?

I've tried to figure this out for myself already but I seem to have something that blocks me from understanding computer programming at a deep level.

Mining is still a thing. Use your CPU/GPU to mine something that isn't ASIC-friendly, send that to an exchange like poloniex, commence trading.

They gave ulbricht life in prison and deny every appeal even tho the two cops investigating Silk Road also went to prison for corruption. Wtf do you think they would do to someone who made this, or anyone who ran the related software? It's actually a pretty easy thing to do but would be incredibly stupid

Ok freeman, goodluck cashing out above $10k and not reporting it to the IRS

Only niggers don't pay tax

Is this shit gonna crash yet?

Not him, and I'm not going to argue that USD is real money, because it's not. But it IS backed by the power of the united states gov't. There is a large entity (the US) who wants to make sure that shit doesn't collapse. Now, I think it probably WILL collapse within our lifetimes, but the point I'm making is that it wouldn't just be due to market swings. Bitcoin, having no central authority, is totally free to ebb and flow with however things happen in the market. If it goes from being worth a dollar to a million dollars or from a million dollars to 1 dollar, that's just how the market goes.

In that way, it's more like stocks. And this is my issue with it. Fiat jew currency is fucking shit, don't get me wrong. But I see BTC as a way for speculators to make money. I don't see it as a way to keep wealth stowed away. It's simply too volatile for that function.

My other issue is that if the dollar collapses, we're going into a SHTF scenario. In such a scenario, the internet is going down and bitcoins aren't going to be accessible. Not to mention the US gov't probably has some backdoor shenanigans going on and can break into everyone's BTC wallets and drain their funds if SHTF/DOTR/civil war occurs. They forced everyone to give up their gold back in the 1930s. Probably the same shit would happen with bitcoin, except it would be automatic.

It will plunge within two months then skyrocket in August. Google UASF.

It already crashed from 2750 to 1900 a week ago, you are late. It's back to 2600.

This word again, I don't think it means what you think it means.
Pic 1 is volatile, pic 2 is not.

I don't get the problem if you just split up your sales to under $10k transactions (e.g., 4 sales of $2500). this would avoid capital gains taxes and 1099 forms to be filled out. Am I missing something?

Your comparison is just straight up disingenuous. You're comparing 20 years of flux in a commodity to 1 year of flux in bitcoin. No matter what what you slice it, bitcoin just doubled in value over the past ~2 months. Since this time last year, it's increased in value 10-fold.

That's fucking volatile. Bitcoin is full of uncertainty. If you want to use it to speculate and hopefully make some cash, then that's fine, just like with stocks. But as a way to store wealth? Fucking terrible.

yeah, the fact that I am not even in US juridiction, so the entire point fizzled.
Moreover, we might be arguing with the wrong people.
As we can see here, there are only 2 stances to bitcoin.
(wanting to be) Informed and being( and staying) willfully stupid.
So we have to cut off stupid, it slows us down.

It's the best thing we have ever known to store wealth, much better than gold. Gold is undervalued because the amount of gold in the market is much more than the physical gold. Bitcoin is not subject to that. It has public tamper proof ledger. Another great thing about bitcoin is that it's capped and the mining rate is predictable. We don't know how much gold in earth. We haven't looked everywhere. At any moment huge gold mines could be discovered and they would bring down the gold's price. Hell, even announcing gold discovery without actually discovering anything could lower the price.

Crypto currencies are the future. They will replace the dollar eventually.
Bitcoin resembles everything kikes hate. Kikes lose most of their power if they lose control over money supply.

One more thing about bitcoin, dumb people lose wallets permanently all the time, so it deflates naturally, that doesn't happen with gold.

just wait until the great "hockey-stick moment" comes.

Gold goes missing too, however due to speculation/manipulation, the relative amount will be quite insignificant.

Only if you want more nigger you pay tax
Learn about politics, economics, governance, law and society before you come before me again and talk shit.
Then again : do you have 10% more money now than you had yesterday?
Good.

...

Still crashing upwards towards ALL TIME HIGH
yes am kill

you've earned $0 until you actually get a job
-your mom

Well the comment I was responding to mentioned the IRS, so if you are outside of U.S. jurisdiction then the whole thing would be irrelevant to you. Aside from that I think you are right. People are either remaining willfully ignorant or high on resentment because they didn't buy in at opportune times and cynically chided others for doing so. Now they want everyone to feel as shitty as they do now. (((They))) also want to gaslight people into selling all their shit prematurely like little faggots out of fear that everything will implode, like, yesterday. Haven't seen many valid points countering cryptocurrency, but I have seen a fuckton of invalid not-an-argument concern-trolling nonsense from retards and shillfags.

Gold rarely goes missing forever. Usually it gets stolen (still available to the market)

When bitcoin wallet goes missing, the bitcoins are lost forever. Many people lost or even deleted their wallets years ago. They would be worth millions now.

so let's see,
-it's capped
-has predictable mining rate
-naturally deflates
-has public tamper proof ledger
-you can keep the wallet in your brain
-you can create wallets offline without depending on any service or anyone
-you can send and receive bitcoins without registering in any website.

topkek.

Also, what you said about gold is only true if you're an idiot who buys paper gold. If you're going to store wealth in gold/silver, you should have the real product.

I don't disagree with you fundamentally about bitcoin. In theory, it is far superior to state-sponsored fiat currency. It's just that it's still just taking off and is too volatile at the moment for me to risk storing my wealth in it. Maybe in a decade after it'd been given time to see if it truly levels off.

And even then, that doesn't take care of 3 big problems I have with it, as previously mentioned:
1) no protection; you lose/delete your wallet or your harddrive fails and you don't have any backups, you're fucked and it's gone. You can say it only happens to idiots, but it's too easy to do. It's the digital equivalent of keeping tens of thousands of dollars stuffed under your mattress.
2) It's inaccessible if shit hits the fan
3) if the dollar starts collapsing with a currency crisis, the NSA will probably use backdoor bullshit to drain your wallet anyway.

good to see that at least some people can still be aligned enough to engage each other in a civil way.
What I have learned is that the majority of people remain in a childlike state of ignorance.
"they wouldn't do that to us"
"wow [name] that theory is really really unlikely"
"you are [insult]"
MY god, I am so fucking glad I put in the effort required to learn about this ecosystem.
Why ?I don't care about governments per se and am always interested in new disruptive (key word for the next revolution) market forces.
What you see now is people trying to repair an old 60's car while we are driving the latest model.
But the mechanics could never understand why there was even a newer car, the old one was good too, right?

You missed one.
NO BIRTH CERTIFICATE REQUIRED : ALL NATURAL PERSONS ARE ELIGIBLE FOR ADMISSION.

The elites have built this cool control grid play thingy with huge gaping holes in the security (99% of protection is taken for face value).
If cocaine is illegal , why was the tower of Madoff called the North Pole?

businessinsider.com/fun-with-bernie-topless-waitresses-piles-of-coke-office-sex-2009-10

you also don't know the difference between an increase in real terms of wealth over an almost 10 year long period on the one hand.
And bubble? Apple is a bubble (everyone already has one, or god forbid more devices), so tell me.
A. Did you buy the fucking dip?
B. Why didn't you buy the fucking dip
C. Buy the fucking dip
D. let's make myself very clear in no uncertain terms
E. BUY
F. THE
G. FUCKING
H. DIP

You will always STAY BEHIND IN AN ARMY OF LOSERS CONSISTING OF 99.9999% of the world population with this (lack of) mentality.

it's easy to lose your money if you are dumb or careless. In the same way you can lose anything.

There are many choices when it comes to wallets:
brain wallet
physical wallet
hardware wallet
..etc

My wallet is in my brain. I don't need to carry around a flash drive or a piece of paper. The only way I could lose my bitcoins if someone forces me to give him the wallet or if I get brain damage.

>Also, what you said about gold is only true if you're an idiot who buys paper gold.

The things, there are MANY idiots who buy paper gold. If kike paper gold didn't exist, the idiots would be buying real gold and the gold's price would skyrocket. The market is flooded with paper gold. Every time the gold's price go up, it gets flooded again. So gold is very undervalued.

you should always diversify. I'm just saying, on the long run, capped crypto currencies would be the perfect method to store wealth.

If internet goes down all around the globe, then the world has been fucked and your fiat or gold would as useless.

I suggest you read more about encryption. Specifically read more about asymmetric cryptography. Wallets are not software to be backdoored.
I sign my transaction in an offline PC then I send them from an online PC. Even if my offline PC is filled with backdoors, I wouldn't lose my wallet because it's offline. I don't even connect it to flash drives. No network cards either. No hard drives. Once it's shutdown. All bits vanish forever.

For fucks sake, did you even read an ounce of what I said. My WHOLE POINT was that bitcoin is more like a stock than it is a currency. If you want to play the stock market (or bitcoin market, in this case) and "buy the dip" then that's fine. I don't want something to speculate on and hopefully churn out a profit. I want something stable to retain wealth. BTC has its upsides, but it's not the end-all-be-all and this is a huge reason why.

I already addressed this. I know it's ultimately the fault of the user. But the point I'm making is that it's more like having a stash of paper dollars than money in the bank. It's not secure. Someone breaks into your house and gets the wallet key you wrote down? Someone hacks into your computer and gets your wallet key you have in a file? You lose your shit in a fire? Things fucking happen. Yeah, it's ultimately the user's fault for not being more careful, but do you honestly fucking think this is good enough for the vast majority of normalfags out there? Do you think there's any possibility of bitcoins being able to supercede and replace state-backed currency when it's this fucking easy to lose all your shit?

I agree. In the long run. Not right now.

And you honestly think most people do this? The vast majority of people will have their shit siphoned away by the NSA in any number of ways.

And I am talking about real gold, not paper gold. I understand that the value of gold is artificially lower than its true value due to what essentially amounts of fractional lending of paper gold.

a new crash started few minutes ago

good luck everyone!

as I said, you can go with brain wallet (no need to rely on anything except your brain), or create a regular wallet, encrypt it, upload it in many places in the internet to be stored forever in easily public accessible way, and when you need it, you download it, decrypt using a key you memorized, then use it.

People who lost wallets today are dumb or careless or technologically illiterate or combination of these things.

no, but we're not talking about the people here, we are talking about the currency. just because many people are dumb, it doesn't mean the currency is bad. actually, dumb people benefit the currency.
lost bitcoins = less supply = price goes up

I wouldn't bother with bitcoin if it wasn't capped.

Too many risks for me, not enough of a safety net. Everyone can say they're smarter than everyone else, but people's main attribute is how easily we make mistakes and fuck up.

I'll continue using gold to store wealth and dollars for fungibility.

this

still up 200% ;)

no protection; you lose/delete
You can learn a private key in under 5 minutes using visualization techniques.

that's how most people feel and I'm glad tbh, it means there's still time to keep making decent profits.

Bitcoin will become a reserve currency, then you and most people will finally think it's the right time to buy some.

look up gnosis.
its sole as a "gambling" and " modeling" platform

predictive markets

But what if it is.

Yes, because as I've said a million times, my goal isn't to make money on market speculation. My goal is to have a reserve currency. I don't give a damn about making wealth. I just want to be able to put money in something and have that wealth be worth just as much if I take it out 30 years later.

And I'm not saying you or anyone else ITT is doing this specifically, but there's definitely a phenomenon where people who already have bitcoin are trying their damnest to convince others to "invest" because doing so will cause BTC value to rise, thereby making their own wealth rise. I'm just pointing out that this happens.

this is the kind of stupid we have to cut off.
get gold, bitcoin is just not for you
in 30 years you will be the .001% elite wealthy, so you can forget about the same value (purchasing power?)

I'm arguing here for fun + to take power away from kikes. Many countries got fucked because they were a threat to the dollar. Fiat is evil that needs to be killed. Humanity needs to evolve beyond fiat. Years ago I thought gold is the answer, but I realized it suffers from the same manipulation by kikes. Crypto-currency can be the cure.

Personally, I don't completely trust any kind of investment. I always keep an eye for crashes and sell high buy low, but trading could be stressful and not for everyone.t.

Just keep in mind that a crypto-currency could be the new gold, and your gold wouldn't serve your goals. Humans never known anything like crypto-currency, so it's better to keep an open mind or you risk being left behind.

Came here to point out that these pictures are a mix of cherry picking and straight up lies.

Bitcoin is fiat you nitwit.

Pilpul.

Any time anybody, anywhere, says this, the obvious right choice is to be left behind and let the train fall off the cliff without you.

Bitcoin is fiat, which is the basis for why so many of us don't support it.

You are going from a fiat that is inflated to hell, but backed by the largest military in the world, to a fiat that is inflation proof but has no backing. You are trading one ill for another. It's not a solution.

Anyone with half a brain knows bitcoin is a nsa made kike run scam and will never be a legit currency.