BTC

fucking shitcoiners

none of this meme money is gonna matter once we're dead

I guess dumb luck is the way of the universe

>tfw crypto is a 0 sum game
>tfw the money you made is most likely from noobs buying high from you
>tfw normies are literaly giving you money

BITCOIN BAD
FEDERAL BANK NOTES GOOD

thats me wagie

remember that scene from wolf on wall street? "20 million dollars by noon" thats me wagie. I bought an island

Why? It makes people money. Maybe BTC if it keeps working is just a natural force now. It's not cheap, it just feels cheap.
Also I think you are onto something in that its a pretty risky thing to invest in that said
>Made over, probably well over, $1000 in a couple months as a student working a minimum wage job
This profit... I can't... my mind is melting beneath a wave of money I can barely even understand, like what the fuck is even going on.
Can't think... only profit.

>deposit $1000 in the bank
>the bank loans $900 out (has to keep 10% to cover people spending what's in their deposit accounts)
>the person who received the loan buys something, and the seller of that thing puts the $900 in the bank
>the bank loans out $810
>the person who received the loan buys something, and the seller of that thing puts the $810 in the bank
>the bank loans out $729
>the person who received the loan buys something, and the seller of that thing puts the $729 in the bank
>again and again until the original $1000 deposit has generated $10000 in money

Banks create money from nothing, probably trillions of dollars, meanwhile people literally work themselves to death trying to get ahead.
Why the fuck are you concerned about bitcoin? If you really cared, you'd nationalise the banks.

>Why the fuck are you concerned about bitcoin? If you really cared, you'd nationalise the banks.
Who are you talking to?

...

YES I AM SO SICK OF WINNING

Honestly, I don't know why people are getting so triggered about OP. This is a valid discussion point. People work hard for their money, yet BTC turns out so much.
I'm not saying OP is right or that OP isn't trying to troll, but this most definitely worth discussing.

High risk can yield high returns... all my normie friends talk about it like it’s a sure thing... there is NO gurrantee

And when I say "work hard" I mean like they actually perform services necessary for our society to function.
Not just that they put unnecessary effort in.

Then just buy and hold BTC? What's so hard about this? You only have yourself to blame for missing out on ez money.

I agree. Jobs offer stability.

But I worry what happens when people don't understand this and are blinded by greed. They might see an opportunity to get into something that they feel is necessary to get into and then we could have problems.

Working is a fuck meme in the year 2018

A single barrel of oil has the energy equivalent of 100 slaves working 24/7 for a year straight AND IT ONLY COSTS $50

Your labour is WORTHLESS

...

Are you guys redpilled yet? The only way to win in life is if you spend every waking moment of it figuring out unconventional ways to make money by doing less work. The "honest work for honest pay" is a meme told to you by society to breed more worker ants guaranteed to spend their whole lives at the grindstone.

Become financially independent, then figure out what you want to do with your life. Not the other way around.

The truth

Yes exactly... only invest what you are prepared to lose... I’m in a position where I can dump some money into this. My friends have kids and wife’s

kill yourself.

ok.

I totally get where OP is coming from. I consider myself lucky. I got a bunch of BTC when it was 250 bucks. Then ETH I got when it was less than a dollar.

There is a weird guilt that I feel sometimes. I used to want to talk about cryptot all the time back then. Everyone kind of laughed at me for investing in shit they did not understand.

Now those same people are asking me for advice. And I'm like it's a little too crazy right now, you should let it correct. They don't fucking listen and they are going to get burned.

I agree 100%. I don't feel good about my gains at all. Seems greasy.

None is fair. Capitalism is the worst method, apart from all the others discovered so far.

...

>the sooner this fucking bubble pops the tether*

>I've been jewed my whole life? No way!
SHUT IT DOWN, THE GOYIM KNOW!

You put capital at risk and got lucky. Don't think you've found some free money pump, and don't get even more depressed when you lose it all.

this is the only right answer

In all seriousness we just can't let trump have the nuclear codes

but it's not bitcoin, it's capitalism
op is most likely working for some stupid, unoriginal people, doing stupid, unoriginal work, and op himself is most likely stupid and unoriginal
some people invented a new form of money, had vision/put work into it and made a fortune, because their work is worth it

then there are always lottery winners, but you know what? the magnitude of luck required to win the lottery (or seize bitcoin in 2010 and manage to keep it till today out of sheer luck, without actually understand shit about its future impact) will win you anything in life, not just money. it's impossible to eliminate regardless of the system.

and you know what? communism does look much better on paper. like, if you presented communism and this market-economy thingie to highly intelligent people not knowing anything about the history of the 20th century, and asked, given 2 societies, which one is going advance faster, a lot, probably most of them would bet on communism. no wonder lots of geniuses, like oppenheimer, supported it.

then it was put in practice and failed utterly everywhere they tried.

noone can tell you why market economy works so much better than anything else ever invented (some people will try, but their reasons will be BS), but it does.
the reasons are most likely far too complex, but it's just the way it is.

unjust? yes. some injustice seems to be actually beneficial to a society as a whole. as opposed to complete uniformity.

>Become financially independent, then figure out what you want to do with your life.

This is looking like more and more of a reality for me and probably a lot of other autists on this board.

Serious question, though: what is the answer to the children question? Having more than one runs the risk of diluting the inheritance so far that neither is financially independent anymore.

Its because you should actually be paid more for your work, but all that money that should be going to you is being stolen through inflation. We're on our prime as a species, we are more efficient than ever, there is enough wealth for everybody. Rich people have been playing the same game we're playing now, but they have done it for decades, and have made tons pumping and dumping shit. So be happy that the tide is turning.

Alright this is annoying me, so I'll just make a few points because the bait worked.

Socialism means that one person or group controls the money. In other words, the few people who work in the government have power over everyone else.
Massive power.
Socialism is the ultimate centralization; It restricts freedom and depending on how the money is allotted, it could even be the only way to really make a good living is by working against society, which although is also true in capitalism, would be heavily exaggerated in a socialist or especially communist government, where the only conceivable chances to get ahead are to violate law. Those who are good and experienced at violating and hiding from the law will have a higher chance to prevail in such systems, I think. So organized crime will have a very good infrastructure for success.

I made $5000 in crypto in the last 30 days and I feel nothing.
am I dead inside?

you most likely earned it by luck, can feel it, and also most likely going to lose it and more in the future.

I literally bought 3k worth of BTC and 1k worth of LTC. Didn't even trade. Just watched them go up.
Both are up over 100% now and I just don't even really care.
Is it because I did basically nothing to earn it?

Steady income and speculation. Both pay off. NEETs and their money will soon be parted and then it is back to cheap ramen and a basement

No you're just like everyone else. I am up 200,000 value and I dont give a shit, cause its not enough to retire.

at least you made money

Welp he said it. Better kill 100 million people and implement total communism.

>AND ANOTHER THING!

well we as investors are supporting the value of an extremely innovative form of currency and as a result increasing the chances of mass adoption (and therefore stopping banks from fucking with people)

It's basically investment to a third party that is innanimate and works out of it's own volition like a virus.

Unironically this...

If making efficient money isn't fun to you then you're subhuman and deserve to die before you reproduce your low iq personality.

>
noone can tell you why market economy works so much better than anything else ever invented (some people will try, but their reasons will be BS), but it does.
>the reasons are most likely far too complex, but it's just the way it is.
The explanation is simple and straightforward. I'ts called Reward Conditioning. It's how our brains function.

More or less true, although unsure about the whole "losing it all". BTC is pretty lucky.
In time, something will catch up to it and it will be harder or impossible to make money off BTC so quickly.

>but this most definitely worth discussing.
Meaningless phrase from a fence sitting faggot who has no opinion on anything.

"w..we need to have a clear and open dialogue"

Shut the fuck up faggot

Okay and also no that's not actually true, but okay.

yeah, obvious like why bitcoin surged 900% in value since july

u can point out shitton of flaws in communism, but you can do the same for market economy. nobody _knows_ exactly why the former is overall so much worse

Then its the number of problems and the impact they have on the tot- fuck it this is so stupid.

All you need to do is look up the numbers. This shit has been documented. All of this happened in recent history and the cause and effect is there.
People argue about it because of politics, but the reality is someone knows why, just like how someone knows that creationism is fucking false.

As if kulaks are people.

bc communism lacks incentive to innovate and do work? capitalism has the opportunity to go rags to riches through protection of intellectual property and such. Correctly regulated capitalism creates wealth better than any other system

No more than that, you're wrong because the reasons are so simple and easy to understand.
Communism and socialism cause intense centralization, pitting the wants of the few against the wants of the many.

Also this. All these reasons. So many clear reasons why communism is inferior to capitalism. Communism basically has all the faults capitalism plus more.

That's why you raise them to be independent and not rely on a trust fund.

>Make 30k off these meme coins
>Lose all of it
>Make 30k once again off these meme coins
Its a weird feeling.

Survivors guilt but your missing the point, crypto is giving opportunities to those who don't have a massive head start. Banks fuck you over, uni fucks you over, stock markets fuck you over this gives people who aren't capable of making much money elsewhere an opportunity to survive + a bunch of faggot neets haha

You aren't "investing" in Bticoin, you're just hoping some poor sap will be willing to buy yours for more than what you paid.
Why do people buy Bitcoin? Because it's value keeps going up! Why does it value keep going up? Because people keep buying it!
If that sounds sustainable to anyone, they are deluded.

Communism only works if the people in politics care about the workers. If they don't you get Stalin like authoritarian dictatorship. Lenin did a better job and warned against electing Stalin to rule because he had the wrong personality but No one listened. Socialism is a mix of both which prevent the major problems associated with both forms of government

There is intrinsic value to bitcoin and if you don't see why you're a fool.

bought in when it was under $700
just left it
>feels good

I love it when people hate on other people for making intelligent decisions and seeing rewards for it.

No it's not. It's a currency that is poor as a currency. And no, it's not a store of value either. You only say that because the price keeps going up, but for a store of value you want something STABLE.

I've cashed out too. There is little intelligent thought needed for Bitcoins. You just have to know when to not be super greedy. A little luck also helps.

you poor uneducated luddite. Missing out on this generation's greatest investment opportunity because you are afraid to learn about new technology. sad!

But you need money as a starting point regardless what unconventional method you choose to make money. NEETs act smug when they've made a little bit of money with their parents' money but they fail to see that it's not sustainable. You invest with your own money, not other peoples money. You won't make it if you always depend on other people.

>Socialism doesn't mean taking wealth from those who work hard and giving it to those who don't.

That's exactly what socialism is. Not surprising that NEETs support this type of system.

Every new revolutionary technology that's left unregulated will be unstable. Y9u have to give it time for it to mature and as time goes on it will become more stable.

Lol this makes it exciting to me. Total opposite of OP
It's a wealth transfer vehicle. Everyone knows the risks when they comes into the game.
No one cares about you, you're an order. A number. I don't even know if you're a human being or a program.
If you come in trying to take money you might get taken. Simple as that

But bitcoin can't fulfill its purpose as a currency without interfering with the current market.

Furthermore, its debatable if it is or could ever be useful in that way. There are fees every where. Its disgusting, honestly.

This is the end. We've been through bitcoin, we've proved nothing.

Actually, I have one question before I make what basically amounts to my finally move with bitcoin.

How long can a bubble ever last? I suspect much longer than crypto has existed.
If someone can answer and say that BTC is not a bubble, I might change my mind.
But beyond that, I think its time to hold for the bigger fool and hope I can convince my parents that Robin is an OK app.

It's been 10 fucking years. Bitcoin is outdated technology. The only reason why it's "worth" as much as it is now is because it's the only crypto most people know by name. People are only getting into Crypto out of greed. There is nothing innovative about Bitcoin or it's copycats right now.
It's needs to be stable before Bitcoin or any crypto will go anywhere. That needs people to actually use the thing as a currency; what it's designed for.

I am listening right now. My biggest mistake is having normie friends who looked at me like idiots when I said I considered me an idiot in investing in bitcoin.

Serves me right. So, any words of wizdom now?

You need to take risks to make money. If you never take any risks, you'll never be rich.

No one can guess when the bubble will pop until it's too late. There is no fixed amount of time bubbles last. It's just how long the faith in it lasts. With the way the exchanges are, if you want your money you need to play it safe and not be super greedy.

2k/mo doing "nothing"

This like this go on all the time, but not many people know. For example...

>spend 1k running an ad selling fans for facebook pages
>Have over $20k of order in a month
>Net around $15k
>continue for 4 months
>sell website on flippa for 40k
>repeat for the next year, doing multiple sites at a time

Those were fun days. I found 2 listings to show examples
flippa.com/2646418-trafficbus-net
flippa.com/2823786-fans-pages-com

>I am up 200,000 value and I dont give a shit, cause its not enough to retire.

300 here. Same feelings. Start of the year I was stressing over swings in the 10s and hundreds, now I feel nothing when it swings in the 10s of thousands. Its incredible how easily your brain adjusts to the higher numbers.

Even my girlfriend bought BTC and ETH.
in 2 weeks she's quitting her job to start a youtube channel about crypto.

You are now aware that most wealth is generated through transfer of assets. You honestly think millionaires become billionaires because they work real hard for it?
Seriously, has none of yall heard the phrase "money buys money" or "your second million is easier than your first".

Maybe it is a bubble but the dot com bubble lasted 4 years and involved 4 trillion dollars. By those standards today with inflation it should be 28 trillion dollars around. The crypto bubble is not over people do use crypto currencies even if not bitcoin and governments can't shut them down, these currencies will always exist.

>Governments can't shut them down
That's... that's actually a good point...

Okay, so at least maybe crypto won't die. I wonder. Maybe BTC becoming a currency isn't so bad if we play it right.

What a strange market. Then again, I basically learned anything I know about markets by researching shit people said about bitcoin, so I guess I can't really say I have a sense for that.

After all, it will just be the currency either inflating and being used, or deflating and being worth more... I guess?
Confusing, but I have literally nothing to lose since I've made off with so much profit.

I should point y'all towards this. Especially the debunked arguments *for* communism in section II: slatestarcodex.com/2014/09/24/book-review-red-plenty/

Lololololololol. You should have listened

>It feels wrong
>This isnt fair or fun anymore.
>We need to ban Bitcoin.
Are you a fucking liberal? You reason like one.

Dump her.

You know what your post feels like?
A cuckpost

YOU AREN'T MAKING ANY MONEY UNTIL YOU CASH OUT.

this guy fucking gets it.

poorfag confirmed

this has ALWAYS been how it works for the rich

nah.

Look at the distribution of bitcoins. Very few people are millionaires. The dirty secret of crypto is that very few people make large sums of money from it.

Just have one.
Once the missus and I are set up and in a position where there will be enough left over for my son to get a leg up once he's an adult I'm going to spend the rest of my life reading books surfing and gardening. If we had another kid that'd probably be another decade away.

Not really, he just sort of stated the obvious but with a cynical perspective.

Also, he's wrong about financial independence. Depends on the person and situation.