Bitcoin crashing?

anybody take advantage?

Price is climbing again. Congrats to the weiners!

Quick question: Which exchanges does everyone here use?

i know all about it. i almost bought a bunch when they were 70 a coin but the hoops i had to jump through were too much of a hassle.

bitcoin makes little to no sense as an investment. what are you investing in? as a currency, it makes more sense but when one coin is worth so much you are dealing in fractions constantly which is annoying and off putting to say the least.

in my opinon, something will most likely replace bitcoin somewhere down the line and even if not, the price will average out to be something like 200-500 per coin.

Our own private exchange.

i use polo.

you really get it man. lol.

what am i missing?

$3520.66 (3.31%)

Buy buy buy .... lol

this is all VERY lazy.

it is both a digital currency, which can be currently spent for goods and services at thousands of merchants, both online and brick & mortar. it is also a store of value, like digital gold. it can be used for cross-border settlement at fees a fraction of what it costs to settle with traditional banking. it has value because people value it.

i perceive this to be a prediction based on nothing scientific or real. its just throwing some numbers out there. prove me wrong by showing me what you are basing this range on.

this is the only thing i can lend credence to. its very possible. if it happens, ill be sure to own a healthy amount of whatever that replacement is.

Yeah, it is. At the time being in Canada the only way I could see to buy bitcoins was through this canadian exchange which required me to send them scans of my id, wire the money from a bank, etc. if i could of just done it online instantly I would of but it wasn't possible them (this was 2013) and i'm not sure if its even possible now. if you want the average person buying coins (which you would need to achieve the kind of numbers tango was talking about), it has to be streamlined and simply with no waiting, no sending documents, etc otherwise people just won't bother.


i get that and as a currency i think its a great idea BUT as a currency all this fluctuation makes no sense. no one wants a currency that is worth one thing one week and vastly different next week. the whole digital gold thing i think is a terrible idea simply because the only reason people are investing in it is due to the large fluctuation and idea that they will get "rich" because "one day" a coin will be worth a gillion bazillion dollars.

pretty much but it stayed between 250-500 for a long time before this current boom. i remember it going from 70 bucks in the summer of 2013 to 1000 by the end of the year, not long after it dropped and stayed in the 200-500 range for what seemed like a couple of years.


the whole cryptocurrency thing is out of hand right now and everyone is trying to make money off it. it kind of reminds me of the .com boom and bust of the late 90s. some will and some will lose their ass when it gets old and tired and nothing comes of all these digital currencies. like i said, i do like bitcoin as a currency but it has to be worth something realistic and be somewhat stable.

The only ecurrency I've ever bought I bought because my son kept hounding me to buy it. He had it stored on his phone and like many teens the phone was destroyed not long after. End result is there's 10's of thousands of coins floating around in digital space that can never be recovered. Just like the guy who spent a lot of time digging through the dump trying to find the hard drive where he had shitloads of bitcoin on and many like him.

I own a b&m and have also been doing business on the internet for around 20 years now. There's nothing of any real value that I would accept any digital currency for here. The people I buy from won't accept it. If I sold something a week ago for a bitcoin and charged tax to my customer I can't tell the tax collectors "Sorry your tax money has been reduced because bitcoin lost $1200 since that sale." I also can't take $1200 + eating tax hits either.

take the time to learn best practices for storing each cryptocurrency you acquire, put those into practice, and keep them safe.

bitcoin payment processors like Bitpay give you the option to instantly convert your bitcoin sales to fiat when the user purchases. this solves your tax issue. if you want to roll the dice and keep some in bitcoin, like overstock.com has recently stated they do, the IRS issued guidance on taxing bitcoin years ago.

Honestly I have too many other things to keep up with than to worry about storing crypto.

I'm referring to sales tax. Not income taxes.

the most retarded thing i've heard in a long while. gfy does not disappoint.

Why? Do you assume most people want to figure out how to use crypto? I know how and don't want to use it. Imagine how many there are that don't know how to and don't want to use it.

The blockchain itself is the value. You don't own a part of the blockchain by owning bitcoin. I've considered the newer coins that give you some value behind the coin ownership such as paid gas on the coin or ownership in the company/idea behind the coin. Other than that I won't bother with crypto.

I've had zero customers ask to pay with crypto. I've had zero suppliers ask me to pay with crypto. Tell me again why I should be concerned with it?

best of luck in all your future endeavors.

buy buy, big fishes have plenty of nothing to sell to get insane rich after just selling first batch of nothing

this is modern ponzi scheme

logged in to say: lofl @ this thread. Mostly a bunch of broke idiots who post on a now-political forum all day making out they are anything other than dipshits on everything about crypto.

Here's some advice, that was drummed into me when I was a teenager who thought he knew it all:

stfu, understand you don't understand, and listen, learn, research, ask, be teachable.


^ wasted here for the many, I know. Think you're the smartest guy in the 'room'? Change fucking rooms, dumbass.

that was the best one so far

You pop into these conversations a lot speaking of understanding and teaching etc but that's all you ever add to the conversation. I guess you didn't learn that much from whoever that drummed it into your head.

In between my last post and this post I made a $2500 sale and there was no mention of bitcoin. I can sit here on my broke ass, post politics all I want and I don't have to be concerned about my $2500 turning into $2000 tomorrow. Would I have profited tomorrow? Maybe, but my returns are better and pretty much guaranteed.

That's kinda what my father used to say to me.

- "Son, no matter how good you are, there is always someone better than you"

either you dont understand bitcoin or you dont understand what a ponzi scheme is.

if you dont care about crypto, why even take the time to post in this thread? you said yourself that you have so much other important shit to worry about.

what you are saying above is basically the same thing as a used car salesman saying "i sold a 2007 hyundai sonata today and there was no mention of the nasdaq". what does your non-bitcoin business have to do with bitcoin in any way? nobody was here shitting on your business. you came in to shit on something you have no idea about, and now you look foolish for it.

^^ what he said.

Many still have no idea , nor willing to learn about bitcoin or ponzi, just rolls off the tongue nice for them

I'm not here to teach 'insert_subject', I'm here to try and remind people that they should listen to whoever *is* knowledgeable about 'insert_subject'. I'm a fucking dumbass on just about everything, so when I see eg you speak of webcams, I'd listen, instead of parroting crap like 'whut but all porn is free', 'go to mfc or chaturbate and watch it all for nothing', 'if you pay for porn your card will get banged', 'all those girls are forceed into it', and other meaningless horseshit that we all know does the rounds outside of the biz, and that we all know is 99% untrue, or at best misleading.

If Mitch comes on here and talks about billing, I stfu and listen... if JT comes on here and talks about tubes I stfu and listen, if Fabien comes on here and talks about tubes I listen... if a certain cunt friend of mine comes here and talks about traffic - I stfu and listen. I may ask questions... I may say 'I don't get this part though; how can a + b then become c, and what would I need to do to replicate that'. What I wouldn't do, is start spouting shit about a subject I clearly know not enough about, prove it with posts I make, and STILL argue the toss as if I'm an expert.

If I see threads and posts concerning bitcoin, I stfu and listen... maybe ask questions... maybe hit people up for further education and schooling.

Maybe it's all the political threads for the last 2 years where you are either in camp A or camp B, but gfy is suddenly filled with people who are experts on everything... I don't mean there is a different person for each 'thing' who is an expert, but people who are suddenly:

an expert in traffic and
an expert in cams and
an expert in billing and
an expert in hosting and
an expert in coding and
an expert in mailing and
an expert in politics and
an expert in managing a countries budget and
the list goes on. 90% of morons here truly believe that because they read some blurb somewhere about blahblah, they are actually qualified to talk knowledgably on it. Newsflash.... they aren't. I'm not, you're not, 99.99% of people here are not.

Like I said in my only other lengthy post on the subject of crypto - people are doing the equivalent of markham telling barry where he is going wrong with cams, or telling fabien where he got it ass backwards with pornhub, or bladey telling everyone they are a fake nick. Everyone can see how absurd they are, and everyone who has some knowledge on the subject(s) is just shaking their head and laughing.

My advice is simply (in general, not directed solely/directly at you): don't be that idiot. There are gamechangers all around, but the collective attitude of most posters here these days is that they are the expert, instead of realising - and here's the important part: actually TRYING to be - they are the learner.

completely irrelevant, and answered by jerseypuma. I couldn't give a fuck if you or anyone else couldn't give a fuck about crypto, I do however find it funny to see a ton of clearly uneducated-on-the-topic posters chiming in with nonsense. Either learn, ask, etc, or fuck off instead of playing an insane game with yourself of I-know-best, in threads that you allegedly have no interest in. *

* you, yourself etc = any person in general.

That's the attitude that every crypto junkie gives in every discussion. Aren't you suppose to convince me as a business owner on the benefits of accepting bitcoin? Amazon and the other corporate giants gambling with other peoples money don't count.

at this point, youre not going to get rich just by accepting bitcoin as payment on a relatively small business. you should accept it if you are a believer in decentralized and trustless payment systems and want to do your part to see it advance. further, if you think bitcoin (or some other cryptocurrency) is going to appreciate in value vs. some other currency, fiat or otherwise, you should trade into it and make gains.

its clear you dont believe, and its clear that i do. so you should stay away, and i will not.

also, amazon does not accept bitcoin. but if/when they do, and you still maintain your position, there is nothing that i or anyone else can do for you on the subject.

It's all very relevant. Every time there's a discussion on bitcoin those who claim to be in the know do nothing but tell everyone they don't know what they are talking about.

Please don't generalize. I only call fake nics fake nics, and irtitating people that are fake.

GFY should pay me well for the amount of traffic, posts & threads generated everytime I utter the phrase "fake nic"

My blocked cuck Boozer posts after me in every thread so when I post GFY gets 2 for 1 free

no, it isn't. you aren't dumb, you make some good posts here.. I enjoy most of them. Don't play stupid though and merge questions/positions. Your 1st sentence in the post I quote here has zero to do with your second sentence.

Your second sentence is actually not too far off - not exactly correct, but yeah, not much juicy stuff on the open board. I know I don't post the tiny tiny stuff I do know about crypto here, too many armchair quarterbacks just parroting shit for me to bother, so I 100% get why those with a far better understanding than I have don't bother either. Nobody here wants to learn... nobody here is teachable. This is a bitchfest forum, not a learning one. It is what it is

Google some bitcoin forums if you do actually want to learn some stuff that could be a huge gamechanger. Or don't, and stick to responding to bladeidiot, crock of shit, and the other morons on here about meaningless crap, and maybe crypto will die a death, and no new tech or $$$ opportunities will come out of any of it, and banks are here to stay forever. Because they are different to everything that has ever existed in history, and will NOT be replaced by anything

you're right. i haven't said anything intelligent or specific here at all. including the post from days ago where i said that i thought $3000 was looking like a good buy opportunity, especially since bitcoin dropped to $3000 this morning and currently sits around $3700.

Your traffic has been shown to be fake..

I did realize it after posting it about amazon but actually now thinking about it amazon is a great example of real world use. The reason they couldn't and wouldn't even consider it is because they are basically just middlemen. The volatility in bitcoin wouldn't work there.. They can't accept a price for their suppliers and come back a day later telling them they get less because bitcoin price dropped.



But you are talking profiting from the buying and selling of bitcoin itself. I've never knocked that game and props to any and all who make a living from it. But in the end even those who are just seeing it as an investment need real world use of it. And for real world use you need stability.

I've read up on it. I think of bitcoin as pretty much like a .com domain. Now you have alternatives which in some cases are better that will eventually sour down bitcoin's popularity.

BTW I'm really not the go to guy on webcams. I made my living on domains for the bulk of my time online.

I use Kraken.

Bought my first btc for just over 3k early this morning from coinbase for shits n giggles - made 700 bucks minus fees so far (at time of this post). Could lose it all tomorrow or double it, who knows. Bitcoins' risk is off the charts. Have to admit though, it's a lot more fun than watching the stock market.

And yet here you are in a Bitcoin thread. No one that knows anything about Bitcoin would bother about accepting it on a porn site. No one excepts gold either. These threads are always a hoot. Everyone's panties in a bunch because they don't own any BTC, and they think everybody else is dumber than they are. Reminds me of the fool, Joshua, who thought I was stupid for buying at $600 and before that at 200, 300 and etc. You can't stop BTC anymore than you can stop the Internets.

sweet jesus

I'm trying to respond but I'm having a hard time figuring out what it is that you are saying.. So...

it=the coin (not the blockchain which you own no part of as a coin holder)

So you won't accept it on a porn site?
So you agree that it's too volatile for any real business model?
So it's really only good for speculation?

Money out of nothing is a solid plan...

if you support bitcoin, you support Kim Jung ill.

just wait for it.

Isn't there $62B USD invested in bitcoin? Doubt it's going to disappear anytime soon. Something is only worth what others are willing to pay for it. Apparently there are a lot of people across the globe willing to pay over $3000 for a single BTC. It will be entertaining to see how this all plays out. It could fizzle or become a universal currency - only time will tell!

Coming back up

No.......

Almost as bad as when you went to a park one day and gave some dude a blow job. You started a thread way back when stating that. search

After about 4 beers I decided to watch this. Now I need 4 more more beers to fugetaboutit

That's the market cap, sounds like a significant figure, but it's not entirely accurate, especially for smaller currencies. It's simply the supply (number of coins) multiplied by the average price (which is basically the very top of the order book on exchanges). You wouldn't be able to sell the entire supply of 16 million BTC for $4000 each, nor can you assume that people have paid $4000 each for each of those 16m BTC.