Bitcoin is at $33

Please, /blog/, tell me there is a way to short sell this shit. We all know that this is a bubble, surely there is a way to profit on these morons, right?

>>80
No.
You do that anyway for free, why would I pay you for it?

>>79
Mind donating a few?
1BQLxzQP5HCHtrhHwdHSvQ8u7GZ9Pqsga8

>>81
Because if you pay me you won't have to see me in a skirt with a dildo in myself. U-unless you want to....

Namecheap now accepts Bitcoin ^[1]
__________________
_{[1] https://www.namecheap.com/support/payment-options/bitcoin.aspx}

Three days later, and it's now at $43. Will it hit $50 by the end of the week?

>>85
BUBBLE BUBBLE BUBBLE
It's like I'm living in June 2011 all over again. I look forward to picking up coins for $5/BTC in a month after everyone decides it's time for a market correction and dumps their stash in anticipation of the event that they are creating.

That's the problem with bitcoins. Not enough real use for them right now. If we want it to succeed (which I personally do), as a currency rather than a security, the part where there are lots of places to spend and receive bitcoin need to come first. Then speculation can be tempered by actual usage of the money. As it stands, bitcoin is pretty much denominated in dollars. If you want to sell something, you think of a price in dollars (or yen or euro, but those will likely be processed as cross-currency trades of the dollar anyway) and then convert it to bitcoin. (Perhaps if three-dee printing lives up to it's hype, things will get better, where people can just name 5BTC for a design or something.) All these 60% rises and falls over the course of three months is very off putting to adopters and is really going to burn people who buy at 50$ and watch it lose half it's value in a month (or people who sell at 25$ thinking it's doing to fall and watch it rise to 50$). All this volatility isn't good for anyone except the speculators (if I were a certain Russian, I'd blame the chosen people).

Not that I'm helping with that. I'm much too scared to start any sort of enterprise. This is a problem for someone who isn't me.

._._._._, .     .  .,,,.,,,.........
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||  //'  | |: :| || | \ \    \\  \
|| //'   `| \_/ |'| |__\ \ ...!\  \
||//'      \   /  |_'___`')|_______')
`''         ```    `'`''`` ''`'"`'~"`

>>86
SHALOM, KIKE!

>>86
When there is enough use for them, the Early Adopters will cash out and crash the market.

>>86
I plan to just hold on to my stash. When the current bubble bursts it'll probably drop to somewhere between $25 and $35 and resume it's slow climb in value relative to USD. Bitcoin's deflationary nature and the Fed's attempts to inflate the shit out of the dollar (because they believe that inflation equals economic growth) make it pretty obvious what the long-term trend will be.

>>86
The only thing a currency needs to be successful is people using it. It doesn't matter what for. People are using BTC for investment, anonymous gambling, programming jobs, buying digital services anonymously, blackmail, transacting in illegal guns, illegal drugs, hitmen jobs, etc. There are a lot of things that can only suitably be done with BTC and nothing else, such as gambling anonymously.

>>89
No it won't, what it'll do is inflate the value. The established users will use it as its intended purpose which is currency.

>>90
And what will that long-term trend be?

FUCKING HELL, RANDALL FIoC VISITS /prog/
xkcd.com:
<div id="news">
Bitcoins: 14FHqYSgAi39CEJksUJJsK8JzJzyqFpLVk
</div>

>>93
The value of USD will go down, so the price of bitcoin in USD will go up.

>>94
What? Explain further.

>>95
No. The price will go down. Let us bet 5BTC on this.

Actually Bitcoin could be used (and is being used) as a PayPal alternative, and everytime there is a USD=>BTC=>USD transaction the Bitcoin economy grows.
So, welcome to the new age of crypto-globalised economy!

It's $33 again ;)

ITT: samefag tries to artificially inflate the price of bitcoins via hype

here's how pump-and-dump schemes work:
1.) buy a lot of something
2.) hype it up and tell everyone they should invest in it
3.) dump your supply once the price goes up due to speculative investors
4.) everybody else loses money

they come in waves, because there's no point in hyping bitcoin after a dump... they wait until it crashes again and gain enough of a warchest before hyping it again

you're all retarded

>>98
and everytime there is a USD=>BTC=>USD transaction the Bitcoin economy grows.
thank you for shedding light on your utter ignorance of finance and taxes

>>101
not him but what are some good books or something for me to learn proper finance and taxes and economics?

>>99
now it's 43

With a high of 49$/BTC and a low of 33$/BTC today, I can say with high confidence that the bubble is about to burst. Such volatility is not sustainable.

>>104
Looks like it has burst. I bet it'll level off at about $30 and then get up to at least $35 again within the next two weeks.

>>100
samefag
back to /g/, /g/ shitstain!

>>97
Okay, I'll bet 5BTC that one year from when I make this post the price of a bitcoin in USD (on the largest exchange at that time) will be higher than it is now ($34.20).

Thanks to whoever sent me 9.5μBTC (at 1Lz6nNkkk3KPc86oysA8ouQDUoVv7jbqjD)! I'll love you forever!!!!

>>106
I'll admit that I've been to the imageboards a couple times, but world4ch has and always will be my home... well, world4ch and SAoVQ. Mainly the latter, actually. But I digress...

Rather than dismiss my post because of a single term which gets your panties in a bunch, listen to what I'm saying.

People make Bitcoin-related threads because they want to artificially inflate the price so they can capitalize off of idiotic people on the internet.

A fool and his money are soon parted.

The concept of a decentralized, virtual currency is neat. The problem is that people don't use Bitcoin except for pump-and-dump schemes, money laundering, etc. No one uses Bitcoin purely as a currency. It's all about making anonymous purchases or ``investing''.

One day, there will be a virtual currency which is used as an actual currency. This is not that day, and Bitcoin is not that currency.

This thread has peacefully ended.

>>109
>No one uses Bitcoin purely as a currency.

because bitcoin isn't a freely convertible currency yet.

also
>No one uses Bitcoin purely as a currency.
>It's all about making anonymous purchases

heh

>>110
You know what I mean.

No one uses Bitcoin to buy groceries. Even if grocery stores did accept Bitcoin, it still wouldn't be very popular there. People only really make purchases with Bitcoins when they want anonymity. It's not the same as a regular currency.

This is yet another case of ``the users ruined the software''. Same with Tor, Truecrypt, etc.

>>111
oh fuck off, there's nothing wrong with you know what ;).

>>111
because anonymity it's the only bitcoin advantage. anonymity and high volatility, bitcoin cannot offer anything else yet. what do you want to use it for? just for the sake to use bitcoin? you skipped the first part of my post about free conversion, before bitcoin get widely accepted nobody will use it without any special reason. like those grocery stores, if you could have a real bitcoin bank account with a plastic card with automatic currency conversion (like visa does for any 'real' currency), why not, you would be able to pay with bitcoin in a grocery store which had prices in dollars or anything

>>113
is it really that anonymous? real currency to bitcoin conversion is traceable and all the transaction logs are, well, public

>>114
People can mine bitcoins instead of buying them.

>>114
well, it's a problem with real currency being non-anonymous.
don't buy, earn them :3

>>114
That's what mixing services are for.

>>114
The ``logs'' are not tied to names and social security numbers like they are with credit cards, just hashes.

>>118
What if le hash is cracked?

>>119
then it becomes more like a real currency ..? ugh