/biz/ - Business & Finance

>>54818034
>Bitcoin is a memecoin.
Bitcoin is not a memecoin.
Bitcoin is a shitcoin with an absurd speculative value, its an unbacked currency that is minted out of thin air through an absurd and anti-economic autistic hashing mechanism.
Its fundamentals are wrong and has been stagnant since a decade, the lighting network came too late.
You could have decentralization without PoW.
The bitcoin crowd acts like a christian fundamentalist group who believe they have the holy grail of finance but so far the only thing they achieved is getting poorer for the sake of a toy coin.
On top of that there is no evidence of enough liquid legal tender in the system to back the total amount of bitcoin in circulation, thats why exchanges always end up failing.

The only good thing about it, is that because there are millions of retards being and selling toy currency you can profit by doing something not everyone knows, an ancient jewish secret, buy the dip, sell the top.