Where are all the bitcoin millionaires?

>not selling your 74 BTC when it peaked at 20k

HODLers lmao

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Slow climb for a while
Horrendous drop to make people stagger sell all the way down, thinking it’s done...
Moon rocket

The story of BTC. Don’t try to play the game unless you’re a bad mother fucker. Just hodl

Can someone explain why cryptocurrency has had such an increase in value in previous years?
What is it that makes people have a demand for fictitious coinage online?

the crazy Norton fella thinks it will go over a million, lmfao

Normies jumped on the bandwagon and devalued it.

right here hommie

Yeah we've got alot of those over here

it's literally just hype
"Yeah man this is gonna be the future!"

I'm right here.

Does it function like actual currency?
I see the EU tumbling and fumbling trying to shut it down anyway they can with taxes and bureaucracy. The bourgeoisie here all say its a scam.
I really cant understand.
And was this Bitcoin the only time that cryptocurrency experienced such notoriety?
Or is there hope that other "coins" will too?

just waiting for the last round and ill at least be able to buy a one bedroom flat somewhere

otherwise yeah i'm fucked

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I'm buying now and eyeing to sell in December next year whatever the price is - suspect it'll be high but not peaked. January always dips anyway due to peoples financial constraints after Christmas. Hopefully 2020 is a big year for BTC.

How could you lose so much? When it started in 2008 Bitcoin was valued at 0,36$ a coin. Now its sitting at 5k$.
How could you lose that much money? Did you get in the hype when it peaked in 2015-17?

Buying Chainlink

Some cryptos may one day function as currency but btc never will function as actual currency the deflationary nature of btc causes to much value fluctuation

Im 26yo boomer 4chaner i knew about btc in 2010, but i never entered because i was the poorest fag and i was afraid to lose 100 euros to those scam looking sites that would sell you bitcoins,
100 euros was alot for me back then, i stopped following btc trends untill i started seeing it on tv in 2016 and i entered the market with 3k and went up to 60k thanks to the 2017 bullrun and lost it all to a couple shitcoins that went 60% down overnight
I cashed out at least 5k so i didnt actually lost my initial but it still hurts

Thank you for your response. Really informative. Where can I invest in crypto? Is there a safe website that doesnt take any fees on purchase and sale?

2020 will be big for BTC and if it gains mainstream support, it will trickle into 2021 and could keep going
Similar to 2016 into the 2017 explosions
Both 2016 and 2017 were great, I sold all the way up, and a top early on the last bit.
The push to 20k blew my fucking mind but US media was pushing it from every single fucking angle possible

unfortunately he will always come up with excuses to not eat his faggot dick on live tv

Unable to turn their bitcoin "millions" into anything real.

I would buy some bitcoin if I could get someone to teach me about the darknet irl.

Its connected to your bank account. How can you not liquidate the money you make?

Most sites are pretty safe nowdays, back then in 2010 all sites selling btc would look like straight up scams basically like those ads telling you theres a milf waiting for you in your area, coinbase is safe if you manage to get verified for a coinbase pro account you will be exempted of some fees, also you can buy btc directly from binance now too, I'd use binance rather than coinbase tho but is up to you

The Binance logo is the Freemason 'square and compass' logo. Tread carefully with them.

The darknet is just a honeypot set up by cops.

I just want to invest in something. I dont feel like I am going to get rich. But trying wont hurt.
Specially because I would never spend upwards of 200€ on make believe internet stuff.

It's going to go back over $20k, and I'm not even a believer in the tech necessarily. The $800B total crypto market cap may seem like a lot, but it's hardley even a needle point when compared to the $1.2 Quadrillion Derivatives Market. The next bull run will bring the crypto market cap into parity with gold, around $8 Trillion.

Me and my friend are. He's only one because he's the only person that listened to me when I told them to buy (multiple times).

Wtf I figured it out when I was 13 are you serious?
How did you even get here?

This is 100% bullshit, oldest meme there is when it comes to attempting to slap down BTC.

Don’t lie
You can only cash out if someone else buys it
There’s no BTC to USD services

checked and big macked

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Right? People buy fentanyl overdoses with Bitcoin everyday. But in all seriousness, the "you can't buy anything with Bits and Bytes" is such a played out FUD meme.

not gonna happen
china is in the process of baning it because it's not energy efficient
the concept in itself is stupid and could never be used in a day to day way
the only reaosn it would go up to 20k again would be fiscal evasion

Go Away

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Real answer:
Why trade in your crypto for fiat if younthink the former is the future?
Ie why trade in your digital gold for monopoly money.
Beyond small redemptions for living expenses, they're sitting on their crypto, laughing maniacally.
>bitcoin crashing? BUY MORE

Sold 200 that I had CPU mined and sat on for around 3.5 million after fees and shit.
Invested 3.2m and spent 300k on stuff/house.

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Bro, there are services like that, like Bitpay. In exchanges like Coinbase, there are massive walls of buyers and sellers around the going price all the time. Unless you have literally hundreds of millions of dollars worth of BTC and you wanted to sell them all at the same moment, you will be fine. Anyone who knows anything about the world and BTC though will never want to do that even if it wasn't true, but it is true. You are misled. I am literally a Bitcoin millionaire. I bought a 300k house and drive an AMG GT R, all paid for with bitcoin I liquidated and had no problems doing so.

So I guess that's why people have been shilling BTC non-stop. They want out and are desperate.

It is going to happen. Proof of stake is on the way, and there is too much monetary gain still left to be had from another pump and dump cycle. I'm not even a libertarian that believes in "sound money" or other fake and gay libertarian market principles. I just understand that this ride isn't over yet.

>I just made all this money and now I sit on my ass bragging about it
I’m sure guy

Bingoo

There was no internet when I was 13 dipshit. I will get there.

Yeah totally.

Bragging would be creating threads to flaunt it. I'm sorry, was that something that showed up on Jow Forums all the time? This thread was asking where they are. I'm right here.

>I just made all this money and now I sit on my ass bragging about it

What else would he be doing? Working?

the only reason it went to 20k was chinese fiscal evasion
how the fuck do you think it will go back to 20k if china ban it ?
the only reason like i said is another recession
peoples while hide their money thats it
bitcoin will never transition to a usable currency and will never stabilize it,s too energyvore

I sold when it was 16k got a car and a bunch of other things

>Bought when BTC was £800
>Sold at £1000 to buy my car
>Bought 7 BTC again june 2017. Within a few weeks down 40%
>I already decided I'm willing to risk it so didn't sell
>Starts going well, started trading my BTC for alt coins
>Making loads of money, but don't realise if I'd kept all in BTC I would be WAY better off
>BTC hits $10k. Decided to sell because this bull can't continue. Sold 1 and used it to buy into Vanguard index fund.
>1 week later, price hits $20k. Fuck
>Don't sell anymore because I'd have to pay capital gains tax (UK). Decided to wait until April so capital gains allowance resets
>price plummets. Leave my 2.2 BTC and 34 Monero and hold on
>Thing's start to look bullish again

I learnt a lot through the last bull/bear cycle. I'm pretty hype for what's to come

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A freemason chink?

200 euros isnt much nowdays mate cryptos are mainstream even my grandma asked me about cryptos once, you'll likely lose your money but keep in mind 200 euro is nothing in the long run, take it like a learning experience, I'd advise you to get in the discord groups that buy pre icos with etherum contracts and then sell it x10 to the public, those group exist is hard to find them but there are alot of them i was in few but i was kicked out for inactivity, and that's how you make money everything else is shilling also browse biz and do the opposite of what biz says, dont margin trade you'll be competing with automated bots and you'll always lose

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lol shitcoiners are a cult.
>PLZ BUY MUY SHITCOINO, I SUCC U DRICK

Enjoying higher pleasures?

Thailand

Op is asking where all of them are
Not one

Buy link asshole

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>Im older but more stupid i can’t google darkweb?

>Where are all the bitcoin millionaires?

Split up between the multiple alphabet agencies.

>the deflationary nature of btc causes to much value fluctuation
I don't think the deflationary aspect is an issue. Do you not find it strange that we're accustomed to the money supply endlessly expanding? I think we're made to believe that it's a good thing because it allows governments to print money and to have nobody object to them doing so. I agree with you on the point about it not functioning as a currency, but I think it's because the technology behind Bitcoin isn't good enough for it to work on a global scale as an everyday medium of exchange.

Do you understand the concept of proof of stake?
Do you not think there will be another recession/depression or any other tectonic shift in our current unstable global fiscal market?

It's really not even that the markets are unstable. The entire global/western hegemonic power structure is loosing it's grasp. They can't set narratives/agendas anymore. They can't operate with impunity in regards to foreign policy either. That's more of an indicator of economic upheaval than any.

21million tokens. Actual work done to create them.
What is fiat? Useless numbers that people agree upon ruled by a central bank.
What is crypto? Useless numbers that people agree on that is not controlled by a central bank.
Pick one.

of course I have. There is just a lot of conflicting info out there. Hell, there is conflicting info in this thread.
>its a police honey pot
>I figured it out when I was 13

Bitcoin is not a darknet honeypot. But at the end of the day, if you do not understand the code that can be reviewed as it is open source, then you will have to trust someone.

Binance for alt coins.
Any fiat exchange for BTC.
Buy Chain Link.
Thank me in 2022

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The powers that be will never allow an economy to be based upon a deflationary asset class. It leads to depressions similar to that in the 1920-1930s preceding WWII.

Okay fag I got you since you seem real
Get Tor browser
Find the updated hidden wiki URL
Gonna end in .onion
Have fun

>fictitious coinage online
What makes fiat currency not fictitious? It's literally just a piece of paper which is difficult to forge. The only thing that makes fiat less "fictitious" that crypto is that people trust fiat, but not enough trust crypto. Bitcoin may not be the crypto of the future, but there's no reason why a crypto couldn't replace fiat money as a medium of exchange.

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the next times it happen government and banks will straight ban it sitting fear of volatility and the cost to exploit
listen i know you sold your house to buy bitcoin and now you just wait for it to come back to 20k but it will not happen
the technologies is shit
pure shit
unadulterated shit

That is not the reason the powers that be would not allow Bitcoin to be a dominant force, and even if it was, its deflationary nature is not the reason for its value swings. That's just because it's still a new currency that people are getting their hands on. As it spreads out more and increases in value, it obviously will swing less hard.

GG
I hope you've set up a business and employ some decent white folks.
Don't be a Jew and horde your new found wealth.
Create a business and create a job for a struggling white person who needs it. If you hire in a decent manager you'll double your money in 5 years and have created white families and new wealth for all.

>What makes fiat currency not fictitious?

Hegemonic Military Power and the ability to control the minds of the populace surrounding the fiat, and comprising the military. Our elite class has lost it's ability to control the minds of the populace, drastically weakening both military dominance, and ultimately USD fiat supremacy.

Bitcoin will make you more money than doubling in the next 5 years.

I use bitstamp net
SEPA straight to acc, convert to few most popular.
Withdraw to cold wallets or move to exchanges like binance or other shitcoin exchanges
Personally used ltc to move to exchanges.
Then did my shoppin.
>Downsides
Full identification, facephotos and so on.
But hey, what will you tell your tax man with those monero coins? You insta on drug/terrorist lists
BUY LINK!
you will thank us, later your kids too.

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I actually cashed out and bought a house last boom cycle. I don't mind if some leaf user who missed the boat doesn't believe me

>crypto
>2019
yikes

That guy pushed my FOMO over the edge when I heard he said he'd eat his dick if Bitcoin wasn't $1,000,000 by the end of 2020. I don't believe Bitcoin will get that high, but I'm not taking the risk of missing out.

I tried to buy in 2 years ago and at a minimum would have tripled my investment by now. However, the exchange wanted me to post a selfie, which I refused to do. I managed to find Bitcoin ATM thankfully and bought a small amount. We'll see what happens, I can afford to lose the amount I've put in.

^ this

build a business, it gives life meaning and is an actual asset to create more wealth.

There's a story about a guy buying a pizza with 10 thousand bitcoins, he paid 50 millions for a pizza, it was one of the first btc purchases, and nobody wants to end up being that guy, that's why btc acts more like store of value than actual currency

Non hai resistito al durello

I figured that part out. I just know there are a lot of little tricks that will keep you from getting fucked that I keep finding conflicting info on. Little shit like 'never finalize early' and how to best anonymize your coins and purchases.

BTC has been hijacked by banking Jews. Buy BCH or SV.

I am of course aware of that story, why would you think I wasn't? That story however is not an argument against the foundational workings of Bitcoin, which is what makes it amazing as a currency. Believe me, if it sucked as a currency, it wouldn't have gotten anywhere in the first place. He would have never even been able to buy just a pizza. Think about it.

Well, its one of the reasons why. The other reason is a bit harder to conceptualize, but the reality is, our current hegemonic modern monetary system, outperforms economic systems based on "sound money" and deflationary asset classes.

Being able to control boom/bust cycles and just manipulate your populace into complacency, gives your system advantages over competitor systems that adhere to "fair market principles"

Investing in the prehalving britbong.

Here is the thing that crypto oldfags won´t tell you , the secret of cashing out is
1_Be silent
2_Buy stuff and don´t convert to fiat(if you use it as a currency you don´t have to pay it capital gains since it´s just a currency).
You can literally buy houses , massive yatchs and basically anything on bitcoin.

He will make it , next bullrun starts in a month and half and will grow until middle 2021 reaching a top price of around 150k per coin.
If the us elections has discussions of (((debt forgiveness))) or gibs expect it to reach 1m in the bullrun that starts in a month.

Hodlers will make it next year btc after halving it will have less inflation than gold and usd it may create an ethernal bullrun since relative to fiat it will always grow in price but i believe that until 2024 it will remain in the bull bubble collapse cycle.
After that it´s ethernal bullrun until quantum computers in 2035 are capable of breaking some minor encryption.

Avoiding capital controls and international wires , cheaper than sepa or swift and no delays.

Check the live transactions here.

blockchain.com/es/btc/unconfirmed-transactions

There are going to be 21m of btc

The average transactions goes like this

fiat of x country > BTC > fiat of z country

After 4 years the ammount of btc created automatically decrease by half.

So the people doing that process

fiat of x country > BTC > fiat of z country

only do the same but with less ammount of btc since btc is only the intermediary
first you used

1000 pesos > 1 btc > 100 usd

then after the halving

100 pesos >0,50 btc > 100 usd

They do the same with less btc however there is a growing demand for a ever decreasing ammount of bitcoin causing a price rise.

Woke , there was an argie shilling btc a years ago on leddit, throwaway or something until he started to get dead threats.

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>tfw can't get fired by jews if you own the business employing them

These questions become obvious when you study history.

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Wait a minute...

Are the Mexican cartels going to start bribing more people to get drugs across the border now that there is real resistance?

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you think that guy is broke, by spending his last BTC on pizza? lel.

What resistance?

I'm fully aware why the powers that be want to remain in control. The only way to wrest it away is to get people in to Bitcoin. Why aren't you trying to do that? Surely someone of your knowledge understands why what they're doing is absolutely terrible for everyone that's not them. Do you lack the capacity to understand the details of Bitcoins mathematical foundation?

>he thinks BTC will have adoption

blockchain.com/btc/unconfirmed-transactions

You Corecucks can't see the forest from the trees.

>The powers that be will never allow an economy to be based upon a deflationary asset class. It leads to depressions
I don't buy that, I think it's just a narrative that we've been fed. Has the introduction of fiat currencies prevented economic disasters? There was the disaster in the 20s and 30s when the dollar was (supposedly) linked to gold, but there was a disaster of the same magnitude only a decade ago.