Bow down to your new GOD

i could post whatevver religious nuttery with absolutely no basis in reality and say sssh you only had to listen.

i bought some btc out of curiosity and to play in hyips at $420 (i later on tripled this amount on hashocean and pretty much lost half my gains on other) but i did not throw a significant amount of my savings on it because there was zero indication it will be more likely to go up than down in any arbitrary time period. and every day i make the same choice for the same reason. when i look at btc i see nothing behind it just a bad gamble where i don't know the odds.

bitcoin price is moved by sheer hysteria more than any other commodity out there.

You are a coping losser. The difference is I went all in right at the bottom and predicted every dip. You are a pussy and mad that you lack the skills to predict trends.

update it
it's at $1100

next dip when, nostradamus?

i'm not mad i just inserted my observation bout how btc is not a currency it doesn't act like one.
it acts exactly like gold. a speculative commodity.

i'm going to wait and see where it goes i might even buy some at one point. but it's not a fucking currency right fucking now and it will not be in the near future because the conditions and the capabilities do not allow it and also there is not demand for it to be.

bitcoin will be the gold of cryptocurrency, absolutely right, however it will only go up in value over the years unless something major happens. monero or perhaps even eth if it gets it shit together will be used for transactions

any sane person would have posted this pic anyways. i'm rooting for gold parity but after that all bets are off.

chosen one

when will the next dip happen

sorry that's an old chart why is there no more recent one?

Nobody knows when the fuck a dip will happen, you can only think in fundamentals and in the long term, every dip is an opportunity.

>monero or perhaps even eth if it gets it shit together will be used for transactions
And why the fuck would that be the case?
Bitcoin is better money than both ETH and XMR.

because what people want to use crypto for is illegal shit and buttcoin isnt ideal for that

how did you predict the last 2 dips then you genius

>you can only think in fundamentals
that's m problem bitcoin has no other fundamentals than seemingly being out of range for government control. but it's an illusion. an open protocol and an opensource client can not hide from government control over the isps. they can step on it with little effort. the only reason they don't is that btc has a market share that is negligible. they have bigger issues. but when the real renaissance of btc would come in a world wide financial collapse that you all expect governments will find multiple ways to fuck with it and it won't be hard for them to do so.

Is this a good time to buy BTC or is it gonna crash?

I didn't predict the dips, I said that buying was a good opportunity once the dip happened.
That's why I never short. Why risk going bankrupt in a random dip when you can just buy it once it happens and get profits later.

that's a question you can ask any given day and the answer will be "no one knows."

i think it will reach gold parity before it falls or stagnates. but that's not a huge gain for the risk.

Yeah, same as they did Bittorrent. Oh wait, they couldn't do shit and had to cope with Netflix.

you think the bittorrent protocol could not be filtered out easily if they wanted to?

also there is one secret weapon to the torrent technology it's actually usable and used for legitimate lawful purposes. banning it would be like banning the ftp protocol. however the bitcoin protocol once bitcoin is banned would have no lawful pretenses like that.

also one last point to consider:
let's assume there is really a currency war going on between east and west.
let's assume bitcoin is a weapon designed for this currency war to further destabilize the enemy.

not the entire establishment, no not even the world monetary system, just the economies that want to use inflation as a way out of debt trap instead of kneeling down sucking the developed nations and imfs dick.

who are you in this war?

as the developed nations with strong economy and strong currency offer little incentive for their population to flee to bitcoin, this weapon would solely pointed to the developing world. where one small slip could spiral into a catastrophe in the future and mass abandonment of the national currency.

this would also mean bitcoin protocol will never be banned by the west and if nothing else over obfuscated tunnels and vpns it will be available to most of the world.

They would need to ban bitcoin globally. As long as there are nodes all over the world good luck with that. Plus we will have meshnets in the future circunventing any government fuckery.

They didn't stop bitorrent because they cant. You are delusional if you think they arent butthurt and billions alone being lost throught people downloading jewlyhood movies.

>They didn't stop bitorrent because they cant.
no they didn't ban it because aside from a few fat fuck that don't even produce a visible fraction of the us gdp nobody wants it banned. also it is hard to legally argue for the banning of an innocent file transfer protocol used by linux distros games and whatnot.

bitcoin can be banned and it doesn't need to be banned on the whole world to suffer serious setbacks. even the news of talking about a ban would send people into a panic sell.

i'm not saying if they really want to make bitcoin go away and some crypto anarchists would really want to keep it alive the governments could win easily. but bitcoin needs an other layer to hide it and we don't have this other layer on the internet right now. that's my biggest concern. we need a vpn-like private encrypted distributed network that actually performs well and has legitimate, lawful, widely accepted purpose to exist and can hide bitcoin from simple automatic router filter censorship.

and when i say the governments can't really kill bitcoin i mean they probably can't stop some people from using the clients and mining, but it doesn't mean the price of bitcoin will not crash and mass adaptation will not break forever.

I don't really understand this gold parity... was it the inherent value in gold of a currency?
What is the inherent value in gold of bitcoin... It seems it's just comparing 1 toz and 1 btc price now.
How would you explain that these 2 prices relate? Only because it did before?

it's close, and i think it's psychology. the unit of bitcoin is 1 btc the unit of gold is 1 toz.

people buying bitcoin now would have bought gold before. however gold has some problems to which the market reacted unfavorably and also lot's of people sell gold that bought it as a hedge against inflation caused by qe which never came. so right now buying gold is not looking like the best option meanwhile btc got stronger and stronger because it has the inherent quality of being an excellent escape vehicle very mobile very hard to confiscate compared to gold.

i think btc will for a while start take over the role of gold for some people. not everyone believes in it as much as in gold but where you can't have gold it's the next best thing.

>innocent life transfer
>causes billions jew hollywood movies alone
just stop posting
>mass adaptation

We don't even need mass adoption. We need the smart whales to move their money from their cucked hyperinflated currencies, memestocks and easily confiscable gold.

Enjoy having your life savings wiped out when the bubble pops. Everyone knows the exchanges always freeze up or become super slow after the bubbles pop. If you don't dump before the pop your going down on an expressway to hell.

>just stop posting
you need to face the facts that they could never prove torrenting actually hurts their profit.
in fact the opposite turned out and they still tried very hard to stomp it out and make it illegal and didn't succeeded and not in practical terms but in policy terms they failed.

you also need to face the fact that hollywood is a minuscule part of the us economy it doesn't have more sway than taxi drivers.

you are delusional if you think they are ok with unlimited free piracy lossing on all those sweet taxes

you are also delusional if you think they can stop bitcoin in the long term. sure they can start an agressive campaing towards it and start claiming how they will put people to jail and so on, too bad it doesn't work. The p2p markets will continue, and soon we will have decentralized markets with no single point of failure. Bitcoin cant lose, they'll either adapt or cope.

>you are delusional if you think they are ok with unlimited free piracy lossing on all those sweet taxes
there was no correlation between their profits and taxes and the amount off torrenting done whatsoever. in fact it turned out torrents create an additional hype increasing their profit in many cases. so no there is about zero real will of banning torrents they are content with trying to sue or scare into paying them if they can catch you in fact it's a new business model some companies very successfully used.

>you are also delusional if you think they can stop bitcoin in the long term.

i'm saying they can fucking stop the bitcoin protocol working (ie clients connecting to each othe) with the flick of a finger. and this is a fact.

>currency

this better not crash in the next week I just wanna make a quite buck if it even just goes up $50 from here

Should have bought eth

So I'm just about to get an account to buy coins.
But will it be easy to sell my coins entirely, once i think that i've made enough money?

yeah, at least on coinbase

great, gonna do it with that site then

Why are you buying on an absolute high?

shut up, we're breaking records here that means 1200+

Just don't forget the telephone number you signed up with or you will be locked out of your account forever. I even email support and they just ignore me. Lucky for me i didn't have anything in the account.

but eth hasn't gone up $50 since I bought it this morning leaving me with $100 profit after fees

$100 is a lot for a poor person like me, I'm ready to go to the moon

Out of curiosity, whats the deal with Brazilian real?

Isn't brazilian economy in the shitter? Are they recovering?

>The difference is I went all in right at the bottom and predicted every dip

sent :^)

>the only reason they don't is that btc has a market share that is negligible. they have bigger issues.

There are plenty of reasons.

Bitcoin/blockchain is an innovative new technology. If you stamp it out you're just forcing that innovation to flee to other nations.
It's just a tool. A hammer can be used to build a house or to kill a person. Treating bitcoin like some subversive element is stupid unless you want to outright admit that strangling your population and technological innovation is your govenrment's intention.

>Bitcoin/blockchain is an innovative new technology.
that's not really a reason now is it? it's a statement that usually indicate it's a meme.
>If you stamp it out you're just forcing that innovation to flee to other nations.
now try to explain that to any politician, i dare you. you couldn't even convince me and i actually see the innovative worth in these cryptos.
>Treating bitcoin like some subversive element is stupid
you mean like pretending guns kill people but especially prefer children, or that black guns are more dangerous than other colors?

oil/commodities

>now try to explain that to any politician, i dare you.
there are definitely outspoken politicians and policy makers who see the benefit. this is not a one sided thing where they are all rushing to stamp out new technology as you seem to think.

>you mean like pretending guns kill people but especially prefer children, or that black guns are more dangerous than other colors?

and yet for all their pretending americans can still buy their guns

>this is not a one sided thing where they are all rushing to stamp out new technology as you seem to think.

this is not about the technology user at all. this is about opting out of the national currency and effects of sovereign government fiscal policy.

it's more like about abandoning a warship in times of war rather than the type of boat you use to do it.

>and yet for all their pretending americans can still buy their guns
for now but the point is zero logic emotionally driven arguments can enter mainstream politics and can actually threaten personal freedoms, what would make bitcoin immune to actually valid concerns?

Beg thread? Plz anonymous.

13WQpSePUQxcDMQytUTg9Tik5cK7A8E1CE

This is the mother of all bull runs.Bitcoin market cap has increased 2 billion in 3 days,its gained about 8 billion in a year,the money is piling in with no signs of slowing down,buy as much as you can this is going to the moon.

>what would make bitcoin immune to actually valid concerns?

What are the valid concerns?
Opposing bitcoin because of drug dealers or tax evaders is like opposing the internet because of child pornographers. Not valid at all.

>Bullrun

Newsflash: It's LITERALLY dipping right now

buy the dip goy

>Opposing bitcoin because of drug dealers or tax evaders is like opposing the internet because of child pornographers. Not valid at all.
well let's assume that all 1.5% of tor user visiting darkweb sites (not the whole internet, just tor users) are out there for child porn that's pretty slim demographic, on the other hand nearly 100% of bitcoin users are tax evaders and the only real use for bitcoins to buy anything is to this day buying drugs. and also true that while you can buy other things with it you can buy these legal things with real currency just as easily.

i'm not saying i agree with the statement that anyone using bitcoin is a criminal and a terrorist or a supporter of them, but the statistics are harder to argue than in case of the internet. not to mention we are kinda dependent on the internet for our economy and communication and nothing is really dependent on bitcoin as of yet (except online dug trade).

so it wouldn't be hard for them to swing it user, it wouldn't be hard at all that's all i'm saying. they will use fallacies they will blunder in logic and they will succeed.

How does one evade taxes through bitcoins, when a large number of sites require all personal information?

The graph doesn't make any sense however. In 2016 Real plunged in comparison to dollar.

I see your point. My hope is that people fed up with being controlled by banks and bad monetary policies will take the initiative to redpill themselves and stand up for crypto. And there are definitely politicians who see the value in bitcoin so, it could go either way imo.

Buy coins on the site of your choice, make a new address on a random cold wallet, not tied to any ID, send your coins there.

>How does one evade taxes through bitcoins

There's so many ways. You just need to use your brain and be creative.

>want to buy the dip
>It's not dipping low enough

Why am I literally wanting to devalue my own BTC?

Fucking lol.

Cope harder, your salt is showing.