Lmao imagine being so humorless that not only do you not understand certain types of humor, but you actively seek and destroy humor elsewhere that you don't understand. ^src

Snapshots:

1. This Post - archive.org, megalodon.jp*, removeddit.com, archive.is

^{I am a bot. (Info / Contact)}

This is terrible, how will I buy my dope online now????

Take out a hit against the webmaster, I hear you can do that with Bitcoin...

...oh shit

Monero

Gee, what a (((coincidence))).

Call me back when the next big exchange inevitably just cleans out everyone's accounts and mysteriously disappears .

It's legitimately more profitable to just keep running than do that which would tank the value of the coins they were stealing.

Yea remember when people thought the same thing about Mt Gox?

And this isn't even accounting for the even more likely scenario of hackers just robbing the exchange blind.

BitCoin is great, creating thousands of future homeless mayos to make room for the beautiful brown bourgeoisie to rise from their ashes.

I just checked the charts, its down like $500 from the $10,000 high. I'm sure $10,000 was what a lot of people were waiting for, so of course the price dropped a bit, but that's hardly a bubble popping.

literally no one has ever called bitcoin stable. aint no dramas, youre just making shit up. die in a fire, mate.

satoshi isnt gonna fuck you

whoever that is, that doesnt make her special.

Howtf are you such a Bitcoin fanboi and not even know who Satoshi is?

lol i dont give a fuck about bitcoin, faggot

oh nvm then. smart idea

It was 8k one week ago, chill fam. Everyone knows btc is garbage those in the know have ether, iota and monero

Those really in the know us money and sell idiots mining rigs.

This.

True Believer crypto investors are the biggest idiots on the planet. It's fun to watch them cry when their favorite coin (that's like, totally THE NEXT BIG THING MAN) flatlines (and stays dead) because nobody but them invests on fundamentals. The vast majority (like 98%) of coins will be dead in the couple years, tops. The odds that your favorite coin is THE NET BIG THING MAN are practically zero.

It's all about day trading, imo. 20-60+% gains on day/swing trades? Yes plz.

Fiat is king.

I don't get it, from what you guys are saying you'd think people were losing money by holding crypto, you'd have to be very stupid to have been in crypto for most than 6 months and not have doubled your money...

you'd have to be very stupid to have been in crypto for most than 6 months and not have doubled your money...

Depends on what you invest in and when. Also depends on your exit strategy. Just investing $1k in some arbitrary coin when it's $0.05 waiting for it to hit $50.00+ after ppl realize it's the NEXT BIG THING MAN is a common(ly retarded) strategy. Just select any obscure random cryptocurrency and go to the associate subreddits and you'll see what I mean.

These people will sit on their favored coin (for months) while it makes 200%+ gains and not take profit cuz they think it'll eventually jump 9,000% and they'll be rich. When the coin flatline for a month they freak out and sell everything at loss.

Only a tiny % of True Believers are actually rewarded for their faith.

ETH is the next big thing.

On what basis? Like, what does it bring to the table that Buttcoin or Monero or Zcash don't?

It's got a bug in it that let some dude give himself $50 million of Ethereum. It's like Bitcoin if Bitcoin had a built in lottery in it.

Has smart contracts and can run tokens.

Do what now?

I'm seriousposting, I don't know what those things mean.

smart contracts are something you can set up on an address which are able to perform some programatic action. For instance you could set up a smart contract that people can send some amount of ether to with some input on the transaction to select a football team to bet on and the contract will automatically hold the funds until after the game and then distribute them to the winners. No bookie or trust needed, it's all automatic.

You can also create what are called erc20 tokens which can be held on an ethereum wallet and can be used like any other crypto currency, this can be combined with a smart contract to distribute Tokens to people who invest in your ICO(initial coin offering, play on an initial public offering) automatically.

A third thing I did mention is that it's far faster and cheaper to use than Bitcoin and has designed to move from proof of work to proof of stake.

Its alot easier to mine than buttcoin

People have been saying that since 2015. Hasn't been yet. Bitcoin has like 10x the market cap of the next best one

ETH jumped over $400 in value since around June to become the second biggest crypto.

It's fun to be neutral but don't be stupid.

Ok? It won't ever surpass bitcoin. And bitcoin cash is quickly gaining on it

I just checked and saw $9500ish.

Just think what that dude who bought 2 pizzas for 10k bitcoins years ago must be thinking

Yeah, I heard he had trouble finding a seller, too, lol.

If I remember right he said he was glad to do it because without those types of purchases fake internet drug money would never have taken off.

I, at some point, threw out a hard drive with 30btc on it - back when it was worthless.

Sigh.

Why do people throw out HDDs and not horde them like me?

It was broken. But I didn't bother attempting recovery.

Understandable

This is standard crypto volatility.

Which is why it'd make a terrible currency

It is already better than some currencies issued by shot governments.

high volatility = shitty currency

Cool story

goddamn you magic bean traders are a sensitive bunch

You are mad you didnt get rich. Thats cool. I can afford premium bussy. You get alley bussy from the homeless.

goddamn you magic bean traders are a sensitive bunch

I bought half a buttcoin a couple years ago and it's still paying for my sterons so jokes on you 😊

I am drowning in premium bussy. You jerk it to cam girls. Gross.

goddamn you magic bean traders are a sensitive bunch

what you're saying isnt even offensive

ikr?

this guy doesn't even have 1 bitbean.

Awww, stupid Coinbase app won't let me screenshot my 0.00072221 ETH

I can only think two or three currencies that are worse than bitcoin.

Bitcoin gold?

Zimbabwe Dollar? Forint? Italian Lira?

Yeah. I'd put the venezuelan bolívar because it's going to implode eventually.

If used bitcoin to buy lunch I could be getting a 40% discount or a 30% markup which would then level out hours later

completely unacceptable

Wow now i know!

You'd also pay like a $10 transfer fee

It's not mature like it will have to be in order to be a currency. Converting the world over to a unified currency was never going to be smooth.

Than whats the point?

Bitcoin isn't used like a currency, its being as buy and dump investment for day traders

Well, drug dealers user it like a currency...

Its that or junkie bussy

It needs to be widespread to be stable, when people are paid in crypto and a small number if people cant hugely impact the market cap by themselves the price will become more stable although still deflationary. Now I personally think bitcoin is,hot garbage and that ETH IOTA and monero will replace it entirely but baby steps. We're in the early days.

Who wants to be paid in something that could be worth far less than the agree payment depending on the days market?

Digital currency will only take off if it is backed by a government or large banks

Who wants to be paid in something that could be worth far less than the agree payment depending on the days market?

Digital currency will only take off if it is backed by a government or large banks

Ah yes, it should be backed by government and large banks so that is guaranteed to be worth less due to inflation.

The problem here is that the volatility is a side effect of wider adoption. It has to be widely adopted before it can become stable.

You want a deflationary spiral? This is how you get a deflationary spiral.

I just put heroin on my AMEX

Venmo works too

Imagine prefering a currency controled by a human cheeto.

Imagine preferring a currency 1000x more volatile than one controlled by a human cheeto.

Before the last year and a half. Bitcoin was stable. From like 2014-2016 it was roughly the same price, with a small increase over time

Mt Gox caused a multi year bear market.

https://coinmarketcap.com/currencies/bitcoin/

a volatile market fluctuates= DRAMA!!!!!!!!!!!!!!!!11

kill yourself OP

I bought 3/4 of a litecoin yesterday

I'm down 7 bucks today

feelsbadman.jpg

Just hodl until it's worthless.

Hardly popped. People said the same when it went from 1k to 200. Even if you invested at its hight back then, you would still have 8x now

still over 10k and all the exchanges i see are up. and where's the drama you mong

This is why us jews stick to gold bricks and swiss francs.

>down 2.85% for the day

>up 15% for the week

"Bursting"

We hit an ATH fam, idiots who FOMO bought at an ATH deserve what they got.

The real drama is in this thread as bitcoiners rheee that people don't like a currency that can be down 20% and then up 30% in the same hour

Its its lack of control and its constant fluctuation BEGGING for market manipulation

A guy could dump millions of dollars worth and buy it back for a quarter in the same day and no one would notice because the market fluctuates like that everyday

I guarantee there are massive banks and stock traders (the very people bitcoin is "trying to get away from") who buy and dump massive amounts every week and because there is no oversight to say how much the thing is actually worth and no regulation they can just get away with it.

"bitcoin traders" would be thrown in federal prison for stock manipulation in any organized trading market

Last time it was the entire country of China

We need another opium war

Dibs on franchising the opium dens this time.

I guarantee there are massive banks and stock traders

You mean actual professional adults are taking advantage of the crypto-kiddies? Who would have thought?

Seriously, this has been happening, for sure for a while, definitely the last year with the entire crypto market, especially "alt" coins.

Did you know The Economist, official newspaper of the investment banker/stock trader class, regularly runs articles about Bitcoin?

Bitcoin is a fantastic investment

but its horrible as a currency

Also how can something be an "official" news paper of an organized random group of people?

It just is

Well, that and the pending legal complaint

I bought 3/4 of a litecoin yesterday

I'm down 7 bucks today

feelsbadman.jpg

lol back over 10k already

at least you didn't sell half your stake at 3500..

Blew your load too soon m8. Sorry.

If there is one thing I desperately want, it's to invest all of my money in physical coins that I can carry around and either use a single one to buy a gumball or a car depending on what hour it is.

Why are there bootlickers trying to unironically defend central banks?

Just watching out for (((my people)))

i like rubbing it in that pretty much everyone in that sub is going to lose everything