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Forum ยป Just LOL @ the entire world buying Bitcoin.
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Thread: Just LOL @ the entire world buying Bitcoin.

post 1536894671 12-08-2017, 07:15 AM
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#91
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to the moon, boyos
Don't hit at all if it is honorably possible to avoid hitting; but never hit softly.
post 1536894851 12-08-2017, 07:17 AM
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#92
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Originally Posted By Jax05⏩
to the moon, boyos
A healthy correction is taking place atm, but then yes moon.
post 1536895651 12-08-2017, 07:26 AM
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#93
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so many angry people on the sidelines boyos, we making it over here and they barely understand the market but think it's in a bubble because its value has gone up so much, but a 21 million finite supply with billions invested is going to go up in USD very quick.

18k a BTC is not high at all when compared to potential crypto marketshare in a couple years. we haven't even hit 1T of market cap yet. I'll sweat when my grandma knows how to buy and trade it, until then it's still abstract enough to be considered a new market.

only concern I have is BTC dominance being replaced by something else before I can get into the new better token. As a technology Blockchain is going nowhere.
post 1536895781 12-08-2017, 07:28 AM
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#94
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Originally Posted By LFAesthetics⏩
so many angry people on the sidelines boyos, we making it over here and they barely understand the market but think it's in a bubble because its value has gone up so much, but a 21 million finite supply with billions invested is going to go up in USD very quick.

18k a BTC is not high at all when compared to potential crypto marketshare in a couple years. we haven't even hit 1T of market cap yet. I'll sweat when my grandma knows how to buy and trade it, until then it's still abstract enough to be considered a new market.
why does a bit coin have value, in your opinion?
post 1536899611 12-08-2017, 08:17 AM
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#95
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Originally Posted By Frank
why does a bit coin have value, in your opinion?
it's the underlying blockchain technology not the actual "bitcoin" per-say

why does a U.S. dollar have value? it's not backed by anything. it has value because we have collectively agreed that it does
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post 1536900501 12-08-2017, 08:25 AM
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#96
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Went in on the dip at 15k earlier today, already back up to nearly 17k. Mane das it
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post 1536900541 12-08-2017, 08:25 AM
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#97
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Proceed with caution.
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post 1536901251 12-08-2017, 08:34 AM
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#98
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Originally Posted By BuckNakedinBama⏩


Proceed with caution.
you only lose when you sell.

hodl
Reps to all BJJ/grappling/MMA bros.
post 1536901921 12-08-2017, 08:40 AM
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#99
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Originally Posted By pojo18⏩
you only lose when you sell.

hodl
False. You lose opportunity cost while holding.
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post 1536902061 12-08-2017, 08:41 AM
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#100
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Originally Posted By DanyBambino⏩
Anyway, I dont give 2 fuks about it because I dont really believe.I might or not invest into it but for the long run.

I have hard time believing that a currency can be decided without regulatory means. Probably when governments acknowledge the coin it will become standard, until there Im not really on it.
why risk investing into something you don't believe in.....?

You are the dumbest limp wristed sheep i've run into in 2017 so far.......
I walk amongst you.......but I am not one of you.
post 1536902291 12-08-2017, 08:43 AM
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#101
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Originally Posted By Admired⏩
No, OP your wrong. Your average person doesn't own one which is why bitcoin is still in its infant state.
Wrong.

A group of people I know are just now planning on going into "business" to mine Bitcoins. They consist of: a drug-dealer, a truck driver who barely knows anything about technology, and my one friend who is like the literal example of your spastic mid 20's "entrepreneur" (ie: he has a new "idea" like every other week, which he'll drop for something else). I also saw some idiot I went to HS with make a FB post about Bitcoin the other day, and last I checked he was working as a manager at a bar. Point is, this is getting a lot more mainstream than you think.
post 1536902951 12-08-2017, 08:50 AM
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#102
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I actually had a HS buddy call me a few minutes ago and ask me if I knew how to by crypto....
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post 1536904941 12-08-2017, 09:10 AM
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#103
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How long do you need to hold it before you sell? Or can you do immediately after purchase?
post 1536905551 12-08-2017, 09:17 AM
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#104
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Originally Posted By metafour⏩
Wrong.

A group of people I know are just now planning on going into "business" to mine Bitcoins. They consist of: a drug-dealer, a truck driver who barely knows anything about technology, and my one friend who is like the literal example of your spastic mid 20's "entrepreneur" (ie: he has a new "idea" like every other week, which he'll drop for something else). I also saw some idiot I went to HS with make a FB post about Bitcoin the other day, and last I checked he was working as a manager at a bar. Point is, this is getting a lot more mainstream than you think.
90% of the people talking about it don't understand it as a technology. for example, your friend getting into business to mine bitcoin, is he the owner of a large warehouse with 1000's of ASIC chips ready to go?

because if not, hes gonna make a few dollars a year after electricity, the economies of scale for BTC mining are huge now that the chain has mined most of the available coins, the overall difficulty of the blocks is crazy.

the extent of them talking about it is, largely, that they saw it was 20k on the news and were like fuk man i gotta get in on this, most people forget about it when they realize they have to open up a bank account on coin base, and actually click buy on a non tangible asset they don't understand at all, the ones that actually go in on it.. well.. then they get their first dip and the weak hands fall out and they believe it to be the devil currency.

when thinking about the alleged bubble I think we have to consider this is a global endeavor and its overall market cap is still very very small, when bubbles pop the $$ in the industry is usually at ridiculous levels.

I'd imagine the student debt bubble to pop before crypto does. and I would even expect a US recession to prop up crypto as a store of value.
post 1536906841 12-08-2017, 09:32 AM
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#105
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Originally Posted By JoshSP1985⏩
I actually had a HS buddy call me a few minutes ago and ask me if I knew how to by crypto....
My truck driver neighbor asked me about it. It's officially near the end of the mania stage. Once all the little guys get in then the institutions and "smart money" will sell and the little guys will be left holding the bag and they'll inevitably blame wall-street for their poor decision.
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post 1536907211 12-08-2017, 09:36 AM
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#106
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Originally Posted By LFAesthetics⏩
90% of the people talking about it don't understand it as a technology. for example, your friend getting into business to mine bitcoin, is he the owner of a large warehouse with 1000's of ASIC chips ready to go?

because if not, hes gonna make a few dollars a year after electricity, the economies of scale for BTC mining are huge now that the chain has mined most of the available coins, the overall difficulty of the blocks is crazy.
My friend does have a workshop (he's in restoration/construction) in which they're going to use a room to store/cool the mining equipment. They're buying AntMiner S9's (each unit has 189 ASIC chips) and I think they're going to have at least 4 of those.

The point is, this is becoming pretty mainstream, and yes, they basically got into it as a "spur of the moment" thing as you correctly guessed.
post 1536907481 12-08-2017, 09:39 AM
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#107
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Originally Posted By pojo18⏩
it's the underlying blockchain technology not the actual "bitcoin" per-say

why does a U.S. dollar have value? it's not backed by anything. it has value because we have collectively agreed that it does
So in other words you don't know chit about bitcoin, other than what all the other retards know.
99% are delusional as fuk buying bitcoin, thinking it's anything other than gambling in the purest sense.
Real Madrid, Miami Heat, New York Jets.
post 1536907751 12-08-2017, 09:42 AM
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#108
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Litecoin up 40$ today.
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post 1536907831 12-08-2017, 09:43 AM
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#109
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Originally Posted By BuckNakedinBama⏩


Proceed with caution.
So now we should buy in the despair phase to make a little profit
๐—ฃ๐—จ๐—ฅ๐—˜๐—•๐—Ÿ๐—ข๐—ข๐——
ฯ‰ฯƒัโ„“โˆ‚ ั‚ัฮฑฮฝั”โ„“ั”ั ศผัั”ฯ‰ โ‚…โ‚€/โ‚โ‚‰โ‚…
๐•ฌ๐–Š๐–˜๐–™๐–๐–Š๐–™๐–Ž๐–ˆ๐–†๐–‘๐–‘๐–ž ๐•ฎ๐–š๐–™ ๐•ธ๐–†๐–˜๐–™๐–Š๐–— ๐•ฝ๐–†๐–ˆ๐–Š ยฎ
แ—ชIแ”•แ‘•แ–‡Iแ—ฐIแ‘Žแ—ฉTIOแ‘Ž Eแ™ญแ‘•แ’ชแ‘Œแ”•IOแ‘Ž Iแ‘Žแ—ชOแ‘•Tแ–‡Iแ‘Žแ—ฉTIOแ‘Ž
post 1536908951 12-08-2017, 09:54 AM
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#110
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Idk why anyone is holding still
Ppl who bought early and lots would have made lots
But if ur still holding hoping it goes higher then ur retarded
post 1536909601 12-08-2017, 10:01 AM
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#111
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Originally Posted By creatinemonstr⏩
Idk why anyone is holding still
Ppl who bought early and lots would have made lots
But if ur still holding hoping it goes higher then ur retarded
Right...... because you know the limits of crypto. $100k by 2020 or 2021 is foreseeable. Please just go back to investing in bonds and mutual funds.
post 1536909621 12-08-2017, 10:01 AM
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#112
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i remember in college a finance professor told the class, once your neighbor or aunt is telling you about an investment DO NOT INVEST. There was a hysteria about silver years ago if anyone remembers and professor stated how when his neighbor told him she had just invested in silver he knew it was already a bad investment.
post 1536909721 12-08-2017, 10:02 AM
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#113
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have you actually tried purchasing anything with bitcoin? it's pure *******ry
post 1536909851 12-08-2017, 10:03 AM
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#114
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Originally Posted By pojo18⏩
nocoincel spotted

futures haven't been blocked, andthe US dollar is not backed by anything and hasn't been in years.

bitcoin is in a perpetual bubble, and it has popped many times before, but has always recovered and reached new all time highs.

don't be mad bro, trust me, there is A LOT more fuel in this current bubble, we will hit 40k minimum before it pops and could see as high as 100k. it's not too late for you.


edit: Idk how much you know about bitcoin history but for bitcoins current run to be equal to the 2013 bubble it experienced, it would have to be worth more than $60,000 TODAY. Again, this bubble has a lot of climbing to do before it pops
The US dollar is backed by the US economy. I prbly wouldn't take investment advice from someone who isn't aware of that.

Especially advising to invest in an illiquid bubble........
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post 1536910001 12-08-2017, 10:04 AM
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Sell BTC and invest in something else. Fast!
post 1536910291 12-08-2017, 10:08 AM
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#116
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Hoping my eth and ltc keep rising tho I dropped about $900 between the two last month and now it's at $1400. That's probably the best it will do since I was so late to the game but fuk it I will sit on it for a year and see where it goes.
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post 1536910851 12-08-2017, 10:13 AM
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#117
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I feel sorry for people in BTC. I wonder how glued to your phones/ PCs you all are. And when you read about new highs, you can't trade as the exchanges are down. This is savage and should be a clear & present warning sign that this is all a scam.

Best execution is important in such a volatile speculative instrument. You guys may be left holding the bag when the whales sell out.
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post 1536911241 12-08-2017, 10:18 AM
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#118
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Originally Posted By FA*******⏩
No one buys Bitcoin with any intent of ever spending it. They only buy it to sit on it and watch it go up.

And why does it go up, because people buy it. Why do they buy it, because it goes up...

This is all a bubble driven by nothing, but I srsly don't see how it will break at this point. When it DOES break though, everyone's just going to simultaneously try to cash out and run for the exits. The drop is going to be pretty fukkin dramatic.
I'm sorry but what's the problem with money's purchasing power going up?

No one holds USD for very long because more is constantly being printed and it's purchasing power is constantly diminishing

Right now Gresham's law is in effect - people would rather spend the bad money (USD) and hold onto the good money (BTC). Just as happened historically under a bimetallic standard where people chose to spend their silver and hold their gold.
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post 1536911791 12-08-2017, 10:26 AM
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#119
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My cousin over Thanksgiving told me he went all in on BTC. He dumped every penny of his inheritance into it and encouraged me to do the same with my money. No thx Jeffe.

At least you could plant the tulip bulb you bought when it became worthless and have something beautiful to look at. Have fun staring at your worthless USB drive.
post 1536912401 12-08-2017, 10:31 AM
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#120
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Originally Posted By ChewYourFood⏩
My cousin over Thanksgiving told me he went all in on BTC. He dumped every penny of his inheritance into it and encouraged me to do the same with my money. No thx Jeffe.

At least you could plant the tulip bulb you bought when it became worthless and have something beautiful to look at. Have fun staring at your worthless USB drive.
brah you even mission impossible? Look how the bad guys transact $$

all via online market place to sell monies. Tom cruise told us to BUYYYY you BUUYYYYY
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