I refuse to believe there are hordes of normies lined up buying BTC for $7500 a pop. Something is going on...

That's because you are stupid, check the apple store app. Most searched apps are coinbase and bitcoin. Institutional / wall street money is coming in hard but only for bitcoin because they related to GOLD. Eventually 4-5 months from
now they'll realize that it's just a horrible crypto with bad tech so they'll move into something else

Nice quads.
Normies think "why buy bitcoin when i could just keep my money in cash and swipe my credit card or use my paypal or pay in cash" etc etc. The fact that bitcoin can also become virtually worthless and another blockchain can take its place is another thing that turns people off. Why put my money into bitcoin when it might be worth 10x less next year and a new cryptocurrency takes its place? Why not just save it / put it into a mutual fund.

TL;DR normies cant into cryptocurrency yet.

yes and all the shitcoins are manipulated down by bots
biz is so retarded that it hurts sometimes....

Yea right?

yeah no shit, look at this:

omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

Whenever BitFinex releases new fraudulent tethers the price goes up.

And the worst thing is - this kind of market manipulation is not even illegal, because Bitcoin is decentrilized.

Currency of the future everybody!

>tether conspiracy theorists

It's a blatant and ilegal move by Bitfinex, the evidence is out there. labeling this shit as just a conspiracy theory makes you look stupid and patronize their behavior

>muh manipulation

what IS the tether conspiracy?

>I refuse to believe normies are stupid
Go on an amazon product page for anything that was questionable compatibility. Scroll down to the questions section. Your entire view of the world will change.

>Q: Does this controller work on the PS3?
>A: I don't know. I only use it on my computer.

>Q: Does this have an SD card slot?
>A: I don't know, I just put my music on it and it worked pretty good.

The company that created tether, a stand-in for USD, creates more and introduces it into the market. I can understand the worry that it is what is driving the price up (I don't believe it is), but those people also have to acknowledge that for trading with Tether to be viable there needs to be more in existence as the price of BTC goes up

MTL. For the normies and apple herds

Someone should just get rid of bitfinex scammers before this problem becomes too big and destroys bitcoin.

MtGox 2.0

Believe it OP -> google trends:
trends.google.com/trends/explore?date=today 3-m&q=bitcoin

Bitcoin trending at all time high. Normies are flooding in...

That's only one side of the story.

Tether only has value if each token is backed up by an actual US dollar that exists somewhere. Bitfinex has provided no proof that this exists. Presumably this money exists somewhere in their bank account. Bitfinex also do not guarantee that they will redeem your Tether for the equivalent dollar amount. So you just have to blindly have faith in them.

So the problem isn't just that new tether is being introduced, it's that the intrinsic value of Tether itself is in doubt.

Like it or not only a select few individuals out of the billions of people on the planet will ever be able to hold a Bitcoin.

>Shitcoiners on suicide watch

The weirdest thing is that people think that only BTC/altcoins are capable of 300%+ rallies.

Like we were at 2000 in may and it's at 7000 now in Nov. wow, big whoop. There are dozens and dozens of stocks on the nasdaq that have exceeded this increase. Plus, equities have:

>much easier to evaluate and judge prospects
>voting rights
>highly liquid, can cash out 100s of thousands unlike only being able to take 2000/per day out of an exchange
>exchange fees much lower
>legal protection
>shady exchange won't collapse
>dividends
>tax wrappers
>real-world benefit

I mean talk about novelty bias. Not even novelty bias, cause bitcoin is so 2013

Bought 10 BTC in 2013/4 for 300,- each.
Went sideways for a year, then sold them out of frustration for poor performamce at 350,- a piece.

> 2017
> Check BTC Value out of random intrest
> *Gasp*
> "At 2.000,- now? Shit....but this must be the end of the pole. Im in Oil now, fuck it, im not gonna go crypto again."
> BTC at 4.000,- me: "..."
> BTC at 5.000,- me: "..."
> BTC at 5.200,- me: *FOMO* "FUCK IT BUY BUY BUY"

Now bought again 1.4 BTC in pieces at 5.2k and 5.8k EUR. Not gonna make that mistake again of selling that crap. Will HODL till my last breath now. Shit is gonna be worth A LOT as i suspected years ago already.

And how will you do that? What they are doing is not illegal.

Besides, if someone shuts down fraudfinex, another exchange will take their place.

and ETH will hit $10

wait and see

sure there are some but there's also fucking billion dollar institutions buying in now.

shut up boomer

What is illegal about manipulating Bitcoin markets?

Bitcoin does not belong to anyone, it is not registered in any jurisdiction.

So manipulating bitcoin via layering, wash trading and spoofing is LEGAL

This is why there will NEVER be a Bitcoin ETF

Normies aren't buying in. Institutional money is.

muh shilling
how much do they pay you to shit post on social media outlets?

>applying logic to a financial market
did you fags even go to college?

old fag detected
>

they are buying 1% at a time
1% of bitcoin is $750!

>posting nigger gifs
>being shit at math

well look at that

>5 million by Christmas
>market cap more than the world GDP by Christmas

That would be 10%. Retard.

Think of a dark empty space where traders meet. A man bought btc at 5k, it goes to 6k. He is afraid and sells.

A man buys that 6k coin, not afraid. It grows to 7k. He is afraid and sells.

A man buys that 7k coin, not afraid. It grows to 7.5k. He is afraid and sells. A man buys at 7.5k.

This cycle can repeat over and over, until the invisible limits are found. We will be close to the limit when btc goes up slowly. Its going up hella fast now, so its safe to assume the limit is very high.

Lot of normies think that you can only purchase Bitcoin in 1BTC blocks. How retarded are people? They don't realize that they can buy pieces of a bitcoin.

1. Pump up BTC and create fomo with unlimited money (tether)
2. Dump stash for actual cash
3. Repeat

Scam of the century in the making

I bought in 1 BTC blocks because its more fun to watch the price go up that way, and because I could afford it. Why not?

same here. nobody wants to own 0.17 of a bitcoin lol

Usually this is a contrarian indicator, but we already had our crash.

Last time the Winklevoss twins said btc would moon in 2013, it crashed and started its bear market.

Novogratz bought eth at $1, and didn't tell anyone then. Wall street normally talks when they want to sell.

>1% of bitcoin is $750
>1% of $7500 is $750
Veeky Forums in a nutshell

Institutional money cannot buy in if there is no vehicle like ETF

Wall Street is already in. You think they find out about bitcoin now?

I agree something strange is going on. I hope we go up up up but Im pretty afraid we are having a massive correction soon.

stfu and just parrot them saying its institutional money, just enjoy the shitshow

were reaching linkie level of delusions

This next dump better be catastrophic

>I agree something strange is going on.

You don't say

medium.com/@bitfinexed

Reddit is such a giant fucking circle jerk echo chamber of delusional sensitve faggots. I cannot stand that fucking place. If you have a differing opinion that contrasts the hivemind you are outcasted immediately.

>in doubt
every exchange has tether trading pairs with the top 5 so no.

I can't avoid this bitcoin thing any longer! How many shares should I buy?

You underestimate how dumb normies are. Boomer money is pouring in right now.

My grandfather, who never initiates conversation with me, asked me to invest thousands of dollars into bitcoin for him the other day.

>actual cash
if you mean fiat thats just another layer of scam

Yepp

All money is a giant ponzi that's enforced by governments. At least bitcoin isn't shoved down our throats

+1

It's controlled by kikes what do you expect. Veeky Forums was lucky because Moot is/was an incompetent kike.

He somehow managed to avoid making a profit on one of the world's most popular websites.

How did he fuck that up, anyway?

Passes and ads apparently aren't enough, but reddit seems to get by okay

have any of your shit stocks done a 14000x like BTC?

BTC has given the highest % return in history, NO asset comes even close

Reddit is owned by Advance Publications, which is literally controlled and founded by jews. It's not really that surprising.

He refused to put up porn advertising, which is retarded because porn is literally uploaded by everyone on here.

Even if he kept porn advertising to just the red boards this site would be making a killing.

I literally have money locked and loaded to buy on monday.
Hoping to see 6s again. And you bet I'm gonna buy the next 50% dip.

How many of these normies actually believe that they're investing in the currency of the future?
Don't they realize how wasteful and inefficient bitcoin is? And that it'll never get meaningful updates to solve these problems because of the political struggle between miners and fundamentalists?

And "store of value" aspect is a fucking joke. Once interest drops and it stops growing, it ain't storing shit.

I respect moot though. He loved the site and thought of it as his child, and didn't want to do anything to ruin it. Even if he did get kind of cucky towards the end.

what if there is no 50% dip until 20k?

I'll be happy with my consecutive buys. I think it's going to $100k on the next big upswing.

Not at all true.

the reason bitcoin has "political struggles" unlike other coins is because it is the only coin that matters :^). deal with it, ETH cuck

well at one point it becomes harder and harder for btc to rise. When BTC costs 50 or 100k, insane amounts of $ must be poured in for it to rise just 10 or 20%

It won't be the only coin that matters if the core devs can't make it scale.

>single mother of 2 loses her life savings because she lost her private key

Crypto will never be mainstream

The biggest normies I know and my dads boomer friends are all putting in to bitcoin so you’re wrong. Normies are flooding it. Did you ever stop and think hey maybe I’m just a friendless incel and couldn’t know even if you wanted to know.

Why sad? It's gonna cost 10k by January.
If anything these normies are intelligent.

What if there is a bank that will take crypto deposits and is insured?

remember all those bank runs?

people still put their life savings on banks

...

these are concerns that will be met as it gets more and more mainstream. like that user said, a crypto bank that manages your private keys for you, etc.

So far they are not wrong

How bad does it feel?

I heard about it back in 2010 but didn't really look into it.
How do you think I feel right now?

Why are you even on this board?

puzzledblackman.jpg

Lol

Probably like shit.. but you would have been crazy desu to not sell once it hit $1000, $2000 etc.

hindsight is 20/20

...

A stupid question here, but do you use your real name when you buy coins?

You have to, otherwise if one day you cash it out you'll have issue with IRS

I don't get this
What are you trying to say with this one

Oh you think resistance will make btc fall all the way back to 4,600 before jumping to 11K?
Mmm

was at a party with a bunch of normies, all 6 out of 6 thought bitcoin was a good buy right now and they had just heard of it

yeah and how many are actually buying. answer: none

Yeah. I think I would have sold at $100 anyway or I would have bought some shit off the darkweb.

kek best read all day.

Ya this is true. Saw some normie setting up his iphone X and he was installing apps. Bitcoin and coinbase were in the top searches on app store

Yes I do. There's not really a way around that.

If you got funds on finex pull them. Bitfinex falling will be the next big catalyst event that pushes BTC down to 'doom' prices, buy when the price hits the 120 MA on the 1d. I expect hacks, ddos, legistative news and msm fud all coincidentally happening at once.

>was at a party with a bunch of normies

I remember browsing /g/ a couple of times in 2009, and seeing a lot of threads about bitcoin mining. I didn't understand at first, running your PC 24/7 to create internet monopoly money, what is the fucking point, right? At a certain point I wanted to try it out, so I downloaded the mining software, but for some reason I didn't go through with it...I literally slap myself everytime I think about it.