$100,000 by 2018, they said

Vanguard’s chief economist: ‘Decent probability’ that bitcoin goes to zero

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marketwatch.com/amp/story/guid/36779A88-0CCF-11E8-BF86-1CEF767DAFF7
99bitcoins.com/bitcoinobituaries/
youtube.com/watch?v=OI-9iMrWRrw
youtu.be/2KnaYLSayeU
twitter.com/SFWRedditVideos

marketwatch.com/amp/story/guid/36779A88-0CCF-11E8-BF86-1CEF767DAFF7

HAHAHA THAT'S HOW NO COINERS COPE

>At some indeterminate point in the future, there is a decent probability that bitcoin's value drops to zero.
Calm down there Nostradamus.

thanks just bought 100k

Blockchain is worthless, costs way more to maintain than the alternative.

Literally impossible because I will have a buywall for the total supply at $0.50 just for nostalgia reasons.

retard

decent probability the central bankers at the FED will crash the economy by raising interest rates whenever they feel like

Nocoiner here. I was actually hoping Bitcoin would go to 100k. Never planned on investing.

The idea of a bunch of smug nerd NEETs becoming millionaires without "getting their act together" made me warm and fuzzy.

decent probability the us dollar is losing value and world reserve respect daily

>Chainlink
>claim fast transaction time
> Claim to be cheapest solution for transactions

It Takes one computer nearly 2 years of calculations to verify a bitcoin transaction on it's own. Consuming 4000 KW of energy costing up to 2160 dollar.

Yeah nice going fucktards. Mind if i use cash and just transfer it from one hand to another in a second,without costing me shit ?

.

You really should buy something stupid expensive that will lose a ton of value like a Mercedes S class.

Taking out that much would defeat the purpose of bitcoin. I'd lose my anonymity. Then the tax man be after me.

>Taking out that much would defeat the purpose of bitcoin.
What the fuck are you even talking about.

This entire thread is hilarious.

The tax (((man)))

What exactly is a Bitcoin? What's it backed by?

You might be able to sneak some of that money out in Amazon Coupons and make a few big purchases. Wouldn't that be kind of anonymous?

The places you can turn bitcoin into actual money are very limited here. ATMs are the only real anonymous place and you're limited to a few hundred there.
Trying to take out tens of thousands of dollars at once to buy a car would expose me.

They need to stop scaring the normies, bitcoin will only go to 0 if every normie buys it.

>30 million us in bitcoin
>Don't see any way to ever get it all out anonymously.
>till treat it as fake money. If it goes to 0, who fucking cares.

Shhhhhh your retard is showing.

1. Fuck the anonimity, You haven't comitted a crime.
2. withdraw the money
3. Pay due taxes ( It is taxed as investment profit )
4. End up with about $20 million to spend legally.
5. Live happily ever after.
6. Send me 5% for the tip.

just admit some of you assholes got taken for a ride in a pump and dump scheme.

Everyone seems to be a bitcoin millionaire and yet no one ever seems to be able to cash out.

Strange...

i was thinking the same thing.
show me an 'exchange' that isn't either crippled or broke.

16,854,912 bitcoins * $.50 = $8,427,456

Is this post a joke? I dont want to ruin it for everyone but I cant tell if this is a joke or if you are actually this retarded.

Bitcoin itself is a joke. Don't be salty.

>bitcoin for idiots
A bitcoin is essentially the answer to a long equation that would take thousands of year for a cheap laptop to calculate but done more quickly with dedicated rigs. The equation also serves to validate transactions happening. This is why bitcoins transactions are very slow, the current cap is like 7 transaction/10minutes (compare this to the 100 000s of transaction/sec for credit cards). The more bitcoins there is, the more complex the equation becomes. Bitcoin cap is related to the amount of transactions done on the blockchain. Normies wrecked this system with speculations instead of using it as a currency.
Its not backed by anything beside the underlying technology.
You are essentially buying glorified transaction confirmation numbers.

Then the government will know I have the money though. That's an issue due to my past.

Just stop.

Its almost like these old economists dont have a clue about what is going on since there is no precedent to something like this

The same thing happened to the internet, a lot of "specialists" said it would never get used and here we are

That's what I've done.

I meant stop LARPing. You are clearly full of shit.

>7 transactions/10min
>billions of dollars are transferred every day at 7 transactions per 10min

You know my situation better then I know it myself I guess. Thanks for the advice.

There are already solutions to this in the cryptocurrency realm. Some mainstream solutions are Monero and Zcash which are designed to be annymous and very difficult to trace.

Lots of nocoiner shill threads today. Is it because it’s rising again? Bears who are having their shorts x100 liquidated? Stay salty. Should have bought at 6k. It’s not going below 7k ever again.

for anyone who bought in above 12000, it is already, and forever more, ZERO

(((vanguard)))
Lel

That's the pyramid for you.
There's no real dollar for you 30mil worth of bitcoins.
Where there's a seller to cash out, there needs to be a buyer.

Any money that has been put into BTC is there to stay forever, having enriched the scammers at the exchange.

I bought the entire way down because I didnt know when it would stop, just knew that it would. Averaged in around 7500 and Im the very comfy.

You're either retarded or full of shit

very likely, as the Bitcoin futures market COULD crash. Other cryptos will reach great heights. Bonds, stocks, cryptos. All a bunch of funny money that robs the average Jo of their purchasing power.

I will send you Two Pizzas for 10,000 bit coins

>What's it backed by?
Seriously, stop asking this question

>log into coinbase
>sell literally everything I have at literally anytime I want with literally no issues
>its a pyramid scheme

>Any money that has been put into BTC is there to stay forever
>braindamage.jpg

Lol this. That's exactly what I did during this recent crash. 0 issues getting my money

>sold everything during a 50% crash
Veeky Forums in a nutshell everyone

Then tell me Mr. Trips. How do I turn all that bitcoin into physical currency?
Not into another for of digital currency via a bank account that has my name on it. But into spendable, untraceable paper money?

>not mentioning how long or how far down bc went before transaction was final
>not mentioning fees
>not mentioning taxes

I legitimately think the people who are calling it a pyramid scheme are too retarded to even recognize an actual pyramid scheme. Its one thing to suggest the underlying technology isnt worthwhile and that its a bad investment but calling it a pyramid scheme at this point is equating the entire US stock market to a pyramid scheme. In fact I would actually go out and say it is much harder to pull your money out of stocks than it is BTC so by their own logic all investments must be pyramid schemes.

>sell literally everything I have at literally anytime I want with literally no issues
At litterally anytime I want, g-g-guys! I swear they won't run with the money this time.

its not a real coin. its just a #. Why couldn't it go to zero?

Localbitcoins.com
Just put the amount you want to sell onto a mobile wallet and exchange with someone in person for cash

KEK thats why i didnt buy shit coin because it was never real

youtube.com/watch?v=OI-9iMrWRrw

Most of what I still have isn't on coinbase, but I totally admit to panic selling that bit. Though I bought in around 1k so not like I lost.

Though this wasn't the point. Point was "lol u can't get moni back out" is completely false and border line retarded

So you paid 17,000 per
and got back 6,000
Sweet

>t. Never used coinbase

>listening to kikes and pedophiles from wall street

The old system must die in totality.

So your answer is "Find someone with 30 million cash, who's willing to trade that all for bitcoin"
You find me that man, I'll give you 33%.

If you really have that much, just pay the fucking taxes and enjoy retirement

How does any of this have to do with it being a pyramid scheme. This is a consequence of any trading platform that you can pull USD out of. Also are you actually implying that other investments are completely free of volatility or do you just not understand how trading assets works?

Or bitquick.co
You can do it online via money gram or western union

You're probably right. Stuff like that is why other boards thing we're retarded

See

i pity anyone that still believes this shit. i knew about bitcoin from the beginning and fell for the le scam meme like all the other smug faggots. well now i am in. see you this time next year when i've doubled my money by doing nothing.

>doubled
At least

I’m sure there are people out there who would. Drug dealers and whatnot.
Why not just do a few thousand at a time though to pay for your expenses?

If I turn it into money in a way that the government knows, then other people will know too. And I'd lose it all.
Might as well just keep it in bitcoin and take out a few hundred every month to have some fun with as I have been doing.

>money gram or western union
Haa, Haa, Haa
Sounds like a scam to me

>then other people will know too. And I'd lose it all.
Wut

>underlying technology isnt worthwhile

Because they don't yet realize Ethereum will actually assume the role Bitcoin now plays, and that Bitcoin will only remain as a reserve of value.

I know you're baiting but are you living in a ghetto or something? Are tax records public in Canada too?

I basically thought it was the same thing. However I was an edgy colledge student in the infancy days and bought BTC from random strangers on some shitty website so I could buy drugs on the internet. If I had held the BTC instead of buying DUDE WEED I could probably have a little over 100 grand right now. I dont think it was worth it.

>then other people will know too. And I'd lose it all.
how?

I bought my first bitcoins at $15 per using money gram in 2012.
Stay poor.

youtu.be/2KnaYLSayeU

Taxes, back-taxes, debts both public and private. 2 ex-wives and 3 kids.
I'd end up with nothing.
Not to the general public, but intergovernmental they are. And it's not hard to find out if you really want your money back.

$15 is smart money
$17,000 is Fool money
Dude more power to you.
It's the guy without a seat when the music stops that has the problem.

>Also are you actually
just responding to your only point, "got your money out".
I understand the bitcoin bubble pretty well, if you can lose $10k without flinching, then go all in.
If you have so much money you can easily loose 10k, why the fuck are you fooling around with memecoins?

anyone who thought Bitcoin would amount to anything is fooling themselves. (((they))) would never allow it

>Taxes, back-taxes, debts both public and private. 2 ex-wives and 3 kids.
>I'd end up with nothing.
So you have so much debt that 30 mil wouldn't help?

people toss a coin in the air and expect it to stay in the air forever

"it's a bubble" isn't an argument for "you can get your money back out"

If you think it's gonna go down, short it and make some cash

Dollar cost averaging goes both ways

...

>Then the government will know I have the money though. That's an issue due to my past

Pay the government what you owe them.
What is it ? student loan ? alimony,

They'll have a good reason for why you owe it to them. I doubt your debt is even near the amount of money you made in bitcoin. Also the debt is tax deductable. Pay your damn dues. It's not like you are unable to afford it now.
You are so desperate to keep it all that you''ll choose to end up with nothing instead. ?

Otherwise migrate to another country, open a bankaccount, open a business venture ,make yourself employee, pay yourself a good salary , get nationalised. Many countries love millionares to immigrate.

jesus dude, if not trolling you had one heck of a life.

"it's a bubble" isn't an argument for "you can get your money back out"

If you think it's gonna go down, short it and make some cash

That is more retarded then buying bitcoin