This is the greatest wealth transfer in history

From retards like me who sold at 8k

This user we've made it we are the early investors

It's difficult to understand for techno-illiterates and difficult to acquire. In one, maybe two years it'll be made easy and boomers will "invest" in BTC via their banks. 2021 is when the great dumpening happens.

transferred from late adopters to early adopters.

thats all.

from those who understand what crypto is later, to those who understand what crypto is earlier.
it's still very early, so all current entrants are transferees, and will certainly be until around 500x from here. until then it's not even questionable. then it will be up for debate.

Testing

bitcoin ETFs have been in regulatory limbo for a couple years now, but that's another possible way

express.co.uk/finance/city/919349/Bitcoin-price-JPMorgan-ETF-holy-grail-cryptocurrency-news-XRP-USD

You don't get it. It is going to be one of the greatest transfer of wealth in history but at the end of the day the rich will end up even richer with crypto

From those who sell in late January every year to those who sell in December every year.

I kinda feel bad for my parents. They don't understand crypto and so steer clear of it despite their debt problems. They're going to miss out on gains that are unheard of.

That pic's probably some oil prince playing with daddy's money.

Do you guys honestly believe that bitcoin will be worth more than a grand in 5 years time? Nothing which has no utility other than speculation maintains its value forever - something which people buy because they think other people will buy for more can never last.

Or do you think a payment system which is completely public, does THREE transactions a second, it about to use a fucking mWh per transaction, is extremely volatile and takes a minimum of ten minutse is going to be the currency of the future?

This is some tinfoild hat bullshit, none of that garbage is remotly close to reality. Send that retard to a mental institution. This is the kind of shit weirdos come up with

Who gives a fuck? Only brainlets hold BTC long-term.

only brainlets need to trade and invest in short term shitcoins, desperately trying to catch up to the gains us early adopters have had.

>Bad traders->good traders
also it's not the greatest wealth transfer in history

Right so you're knowingly investing in a bubble, thinking you'll get out early.

You may time it right sure. But you might not - no one knows when this thing is gonna pop.

Your expected value for investing in a bubble is 0.

blah dee fucking blah all I hear is an envious retard

As long as it makes a buck, who cares? Truth is I'm not sold about bitcoin being the harbinger of the "cashless society" of the future. It takes 30 minutes to an hour to confirm a transaction, slow as fuck, wallets can be lost due to hardware malfunction, totally reliant on the internet (if the internet infrastructure is lost byebye crypto) and is vulnerable security wise once quantum computers become powerful enough to crack conventional computer security algorithms.

Until computers become fast and secure enough to do away with all these problems, I don't see how it can replace fiat any time soon. Transactions are instant, you can carry it around without worrying about losing your hardware, it is convenient and you don't have to buy expensive hardware that is prone to degradation and failure over time just to store and hide it away. Heck, you can just hide your cash under your mattress if you want to hide it but plan to use it later.

the meek shall inherit the crypto

Do you actually have any interesting to say?
Right but my point is that in the end if you don't exit the bubble in time, you lose your money, otherwise you'll make it. No one makes money in the whole situation.

So I'm not just saying this is a bubble. I'm saying I don't think you'll make money off it, since you don't know when it pops and therefore can't get out in time.

But maybe you think you do know when it'll pop, in which case my argument is wrong.

you clearly bought high and sold low.

>Right but my point is that in the end if you don't exit the bubble in time, you lose your money, otherwise you'll make it. No one makes money in the whole situation.
Then simply don't be a retard in the situation. It's that simply. Yes not everyone can make money but most can also be said of stocks, mutual funds, futures, bonds and other financial instruments. Early adopters and institutions always win.

Boomers have real assets like property, why would they want le internet money?
You millennials are fucking insufferable.

BTC is tulip mania.

That's not an argument... I sold when bitcoin was 18k my meagre stock of 300 BTS not that that makes any difference.

Very few people beat the market when you look at those instruments. Funds notoriously do much worse than indexes.

Imo, you can beat the market by choosing stocks with good fundamental and holding them over decades. But trying to time markets is a fool errands - you think you're more intelligent than everyone else but you're almost certainly not?

wrong
BTC is Military Intelligence releasing software before the CIA / One world Gov had the chance to.

They have to remove a certain amount of financial leverage before taking back the executive branch from criminals.

All the GOOD GOOD happening is cause the BAD MONEY is being DRAINED.

The 'machines' are functioning how they are supposed to.

You think they arent going to take this shit over...really...of course they are

we just need to figure out how to get as much as we can out of it before its another Gov tool

>increasingly nervous man

cashless society IS going to happen tf NWO???

Mark of the beast???

DUH you autistics the government WILL control this technology you just need to get rich before then.

coward bitch nigger

The government is a massive massive organization fille with conflicting individuals and departments. It's insane talking about it like it's one person.

The people working at the FED and the bank of england are just for the most part normal if slightly nerdy people you know.

stay with your eyes closed, you can even watch cnbc. there was a regulator saying what i posted in that pic in a few words. the rich are going to be conning the average person and telling you right in the media.
why else is there so much money going into crypto? it's not two bots trading with each other on mt gox anymore. might as well come along for the ride.

If you have that mentality then what's the point of trying to invest?

>you can beat the market by choosing stocks with good fundamental and holding them over decades.
And in decades time you will be rotting away and probably in a wheelchair. Worse, you will be dead. Then what's the point of your investments. If you're so afraid of losing money then don't invest you fucking retard, it's that simple. You're just rusing and trolling now.

BTC tech is shit, some other currently unknown crypto will win.
Volatility isn't a technological feature, it reduces with mass adoption.

>realistic
>not autistic
>common sense

Its not like this shit hasn't been predicted since the fuckin 70s or anything...derp

enjoy your crypto skin plant chip

Literal retard.

bitcoin is the proof of concept, and an open door to the future of decentralized society (((new world order)))

that's okay. get in while you can.

It's not recommended to get emotionally invested to a specific internet money just because it made you high gains.
Think like a robot when your purpose is to get money.

So what is your plan of action in the midst of that inevitably happening

same as always just hold a pile of bitcoin because all signs looks like it's going to be pumped in the long run. if you're good trade with 25% of your stack, if you're bad trade 10%

So i'm gonna probably be alive for five more decades. My point is investing in stocks with good P/E, low interest cover, decent dividends gets you a positive expected return.

Bitcoin is just a bubble, so the expected value is 0 unless you know when it will burst. It's irrational to invest in bitcoin if you think you don't know when it's going to burst.

Do you not understand the argument?

Just gamble with your mates if you wanna have a good time. Then you don't need to waste your time all day looking at charts.

bit coin is the cash you tard
the 'cash' we have now is the fake

>Nothing which has no utility other than speculation maintains its value forever

nothing maintains its value FOREVER, duh

on the other hand. gold, stocks (below the amount required for overtaking a company) have irrelevant intrinsic value compared to their speculative one. people buy them for not other reason but the belief that someone will buy it from them later on.

if you are that fucking old
if you havent been paying attention AT ALL for the last two years

Youd realize the world is FUNDAMENTALLY DIFFERENT after Oct31 2017.

EXPLODING crypto (all)
FUTURES open (btc)
COMMITTEES bulls (btc/ltc)
SAUDI ARABIA free from corrupt (ripple)
CHINA #1 US president in HOLY TEMPLE never before (NULS)

WAKEY WAKEY SLEEPY HEAD
THE FED is DEAD

Why do you think the SCHOOL SHOOTING HAPPENED

Las Vegas
9/11

ALL THE SAME
ALWAYS TRYING TO STOP THE PEOPLE

NOT THIS FUCKING TIME

It's irrational to stand completely aside. Honestly I look down upon my friends who have made 0 crypto investments even when I have told about every time we meet for 3 years. Like jeez, how risky is it to put a few k USD to cryptos instead of stagnating in your bank account.
You don't have to precisely predict the bottom and top, you have to make realistic expectations how much gain you want.

But that's just not true. I buy stocks and plan to live off the dividends. I try and get the cheapest ones to maxmise my yield.

Gold I agree - but historically gold just goes up with inflation.

>what is WORLD government

retard the fed has to die otherwise amerifats would never allow it

With the addition of market manipulators, you're also at a disadvantage.

You're just gambling. Now if you think it's fun then that's cool. But you shouldn't expect to make money.

wut

You’re exactly the kind of idiot they are stealing from and you deserve it.

ICO-s are the new stocks. It seems crazy and unregulated hurrdurr but eventually everyone will transfer to that market.

They'll be especially angry when none of us will want to buy their 1970's condo for $500,000 that they paid $20,000 for.

pic related. They honestly want us to pay them that much for something inside a literal slum.

>My point is investing in stocks with good P/E, low interest cover, decent dividends gets you a positive expected return.
And that takes decades to enjoy. By which time you would probably be dead or crippling in a wheelchair, which you would spend on your medical bills anyway. Nice job!

>Bitcoin is just a bubble, so the expected value is 0 unless you know when it will burst. It's irrational to invest in bitcoin if you think you don't know when it's going to burst.
It's also irrational to stand aside and do nothing when you know it has upsides. The point here is set realistic expectations and not go all in like a moron who thinks nothing more of a get rich quick scheme. You don't have to look at charts all day because it's money you know you can lose. It's called calculated risk genius.

You are a seriously bad troll and I hope you aren't this retarded in real life.

Stocks a bubble as well. PE ratios are out of control. Housing is too.

How many of the DOW from 50 years ago - are still in the DOW?

Stocks is also gambling then.

You can come up with a hundred reason why not invest ANYTHING in crypto and convince yourself you're an honest man or whatever, but the only thing you're achieving is missing out from the biggest chance of your lifetime.
Doesn't decentralized technology ring any bells for you?
I mean major stock companies like Microsoft and Kodak are doing their best to be involved with blockchain revolution , doesn't that still ring bells for you?

Who in their right mind would buy this shit? Are boomers actually this delusional ? This make 20k BTC look like a joke.

Nah, wait til their funds get in. Boomers rarely invest themselves - they entrust shit tier hedge fund managers with that task.

It's gonna be tasty, all those Boomer tears in a few years time when this really DOES pop.

It's the mindset

>Property is ALWAYS going up! Forever and ever!
>Property will NEVER go to 0!

HEY DUMBASS BOOMERS WE DON'T LIKE PAYING 70% OF OUR INCOME TOWARD RENT.

This shit is going to end. Just drive 30 minutes outside of your city and you'll see massive development going on. Most millennials will just live with mommy, or move out somewhere else where it's cheaper and probably cleaner. The U.S. has a ridiculous amount of land, even near the coastal areas.

But do the math. 6 bed rooms, $800 each. I shit you not that's the going rate in my area. That's $4800 right there a month in rent. Some idiot property group with boomer investors probably bought it thinking it was a steal. They literally think our shitty economy will sustain people accepting such a piece of shit slum life paying $800 a month for 1 room and a shared bathroom.

Right there are two camps of people here:

Camp one knows there in a bubble but thinks they can make money. As I keep saying, if you don't know when the bubble burst your expected value is 0. Keep calling me a retard or address this point.

Camp two thinks decentralized blockchain 3.65 technology with BFT toiltetry distribution will change the world. The probably don't understand what the pbft algorithm is or what a merkle tree is but just think that major companies invest in them so it must be good.

Kodak -> major stock company.

A blockchain is just a distributed database. And even if the technology is revolutionary, why does a coin give you a claim on that value?

Stocks are gambling to some extent, but if you just sit on them you'll make steady gains over a period of time.

Yeah I think you might be right. But there are still some stocks with low P/Es that you can invest in. Bare in mind interest rates are low so everything has a low return atm.

>plan to live for 50 years
>think the system will keep trucking despite increasing debt, derivatives, pollution, dysgenics, demographics, wealth disparity, authoritarianism
it baffles me how nocoiners present themselves as rational when they're blindly hoping the future will be like the past
every indicator points to a looming crisis
only radical innovation can hope to curb the tide. in a world with less trust than ever, one might as well have a stake in trustless technology
while you sit here thinking we're all 19 years olds gambling our student loans and walmart wages hoping to get rich, some of us are millionaires hedging against possible futures

For every debitor there is a creditor so it balances out. Life expectancy has been going up (until this year), crimes has been going down. Life is better now than it every was.

Demographics is a problem (e.g. not enough working population to support the elderly). Derivatives is fine (remember alot of deriviatives cancel out so measuring their absolute value is fine).

Wealth inequality is bad but I think eventually it will get so bad governments will crack down on it.

Anyway, how does bitcoin solve any of these problems. Does anyone have any arguments to say or I you just going to say ("muh boomer" - I'm 21 btw) or "muh retard" or "muh nocoiner".

They're not gonna FOMO in at a later date. The people who FOMOd in already did.

The true value is when people start actually using the currencies in their respective ecosystems. For example, people using siacoin to buy cloud storage. If demand exceeds supply, then the price of the coin shoots up.

Countries will start buying things with their oil. They'll probably accept Bitcoin, or Monero, or a combination of both as to not effect the market. They can then use that to purchase other goods from other countries depending on the rate of exchange.

This is when things will really pick up

It's transferred from nocoiners who buy who'll have to buy btc at 1m.

Housing prices have reached retarded levels because of banks offering free money , greed , plain idiocracy and corrupt governments that can't think further than their own cock sucking pension and fat salaries. No one can move because these prices. Young people are stuck in rentals and old people can't move because of sale tax and the fact everything else is expensive too so where will they move ?

The bank's fucked us all with the modern form of slavery : mortgage.

People are such stupid fucking sheep.
Fuck the housing market and fuck the banks.
Let's hope interest rates X3 so the market can reset.

Ghetto-tier house.

>The bank's fucked us all with the modern form of slavery : mortgage.
>People are such stupid fucking sheep.
>Fuck the housing market and fuck the banks.
>Let's hope interest rates X3 so the market can reset.
yeah pretty much
but like dont foam at the mouth at the 'banks' or 'bankers' it's a bigger fight than them
they are part of the system yes
but that's what BTC is the new version of that
its priced in as the core coin right now but it could move but right now it's the one

Amen brother. Low interest rates fuck young people for the benefit of the boomers.

Fiscal policy should be used to control inflation and interest rates should be fixed.

the same type of people who play at casinos
remember, the house always wins

> remember, i am a virgin

The scary part is not your delusion. It's the fact that most of the population shares it.

May God save us all.

Ita adress from exchange you mongoloids.

Yep, Ikr?

Fuck that noise. Gonna buy property - as in a large chunk of cheap land in the middle if nowhere. Solar power, wireless internet. Build a concrete bunker hobbit hole for less than 5k and just vanish. Mine shitcoins for cash apart from whatever else I've got producing income. Hunt game like an apache for food.

Fuck the boomers. Their shit is going down.

Good question. You know where this goes eventually. Once crypto goes into yet another huge bubble stage (and it has been consistently been in this "bubble -> pop -> bubble -> pop" cycle) and the FOMO becomes truly mainstream every taxi driver, every student, every soccer mum, every broke wagecuck who spends his money on scratch off tickets every week to have 1 in a million chance of winning gets into crypto and then the ensuing seal clubbing is so fucking biblical the normies will cry bloody tears and go to government and beg for it to ban and regulate every single nook and cranny of our asses. I'm not a FUD spreader, look what happened in Albania once country wide pyramid schemes collapsed.
Enjoy your gains before the good times end. We have probably less than 10 years before the G-man fucks up everything and we won't be able to sneeze on the blockchain without 15 forms, 2 professional licenses and 6 permits and paying 3 different taxes at the end of the day. Also look closely at what happens during and after next G20.
You have been warned anons.

The bottom of the bubble is not 0, unless you invest in a total shitcoin. The only thing that happens is that people get excited too soon before the technology is mature enough. So it will reach a high peak and return to a reasonable mean again.
Blockchain is here to stay, in one form or another. Decentralized currencies and applications are the future. Like it or not, but if they're possible, they just make sense and there's just no reason they shouldn't be decentralized.
Buying coins is just a different way of benefiting the developers and early investors of that coin. It's not that different from stocks when you think about it, but the coin themselves are also actually useable as an exchange of value.
My main point still remains: if you're not willing to risk even 5% of your funds into crypto, you're being way overly conservative.

Ladies and gentleman - may I introduce somebody who has NO idea what the fuck he's talking about.

Yep.

Oh and that "crime is falling" meme is bullshit. Look up the specific rates for individual cities and states. Increasing. Yet apparently, when you look at national rates its down.

Bullshit to cover systemic failures.

deadlines come and go all the time... someone has to pay up and if push comes to shove you'll take a lot of losses to not take defeat.

I read about a guy who hasnt touched BTC since he bought an oz of weed from silkroad for 100 back in the day

You're absolutely right, user. I'm playing in this casino until the vibe gets weird, then I'm cashing out.

Long-term, I could see value in some kind of PoS cryptocurrency (how else to avoid wasting terawatts on pointless bit-twiddling?), but nobody's figured that puzzle out yet.

Oh.and your a stupid cunt because the amount of debt is x100 the amount of credit if you took the time to research how banks create debt and credit you would understand this but you are not only delusional you are also ignorant. Fuck off. TLDR: banks need 1 dollar in reserve to credit 100 dollars for a new debt taker. You ignorant fuck. Governments were the ones to approve this system because politicians got payed off.

It's 2018. 10 years after the last housing credit crisis and today is x100 worse and people still are if ignorant. You have the internet. You are not an illiterate peasant without access to knowledge or information yet you still are.

FUCK OFF. Really.

Why I MAD? BECAUSE I did everything right and make x5 than the average Chad that didn't even finish high school but I can't climb the ladder because everything is over priced because saving became evil and taking loans became the norm. Over here flares fucking over priced houses cars and everything.

Banks maturity transform long-term debts into short-term debts. Their main limiting factor atm is capital requirements not liquidity requirements. Banks need to be solvent - so they have to back up their liabilities with good loans (in theory). This means the dollar is backed by debts from governments and companies offering future goods and services. Debt based currencies are a big advancement on commodity based ones.

Again though, just calling my delusional and a retard isn't an argument.

Simon Wren Lewis suggests this idea and he's a top economist from Oxford so the idea clearly has some merit in it. More stable planning since interest rates and inflation are fixed. The only problem is that it's inflexible to adjust fiscal policy, whilst monetary policy is instant.

I'm specifically talking about bitcoin

Okay believe that the whole world is going to shit Mr. Edgelord. Btw, I don't think anyone knows what's going to happen in the future, but the present and the past is a good guide - it's all we have.

How do you know though? Make sure you don't invest more than you're willing to lose.

Kill your leaders and live in their houses, then.

>banks need 1 dollar in reserve to credit 100 dollars for a new debt taker. You ignorant fuck.
it's $1 for every 10, and that's in lieu of printing more physical money since something like 90% of today's money is digital. the total amount of cash is still roughly tied to the country's GDP, which is to be expected.
I'm guessing you learned about fractional reserve banking on some conspiracy website that tells you everyone who tells you otherwise are lizard men.

No worries, I've chipped in ~0.5% of my current net worth. If it goes "poof," I can deal. If there's massive upside, that's lovely.

Still though this argument has yet to get a counter-argument in this entire thread.

Nothing which has no utility other than speculation maintains its value forever - something which people buy because they think other people will buy for more can never last.

Or do you think a payment system which is completely public, does THREE transactions a second, it about to use a fucking mWh per transaction, is extremely volatile and takes a minimum of ten minutse is going to be the currency of the future?

Okay I still think that's irrational, but if you're enjoying and it's a small amount that's totally okay.

I wish you the best of luck on your investments.

Really I wanna make sure no one money they can't afford to lose in bitcoin.

Bitcoin has reach it's limit. Privacy coins, though:

1. Facilitate deepweb markets, the original use for Bitcoins before normies (and law enforcement) figured out how to connect the dots.
2. Capital flight from rich, corrupt nations.
3. Capital inflow and daily transactions in poor, hyperinflated nations.
4. Hiding liquid assets fast, such as in cases of divorce.