/biz/ - Business & Finance

>>49817510
>what went wrong?

>>49612334
>When did you realize crypto was a scam?

>>25494203
Stupid is , as stupid does

kek

>>15432900
the fundamental value of all cryptocurrency is zero.

The fact is that Bitcoin had an opportunity to show it's ability to function as digital cash and it failed.

Mempool was congested, and it would cost $50 to send $2. Bitcoin failed to scale and there was no backup plan for when that amount of people needed to use Bitcoin.

That's why this bear will be longer and worse than the rest. Bitcoin showed the world it can not function as intended.

>>8649834

>>8083405

>>7912552
>Cryptocurrency will have no future

>>7882505

> Inb4 other cryptos can scale better
> Other cryptos will still have the same problem of price increase, since people will want to make money off it. Hence why you don't see many BTC or ETH people using it to spend on anything. And no, that one time some guy used BTC to buy some house in Japan, doesn't mean people are using them as means of payment en masse for fuck's sake

Full disclosure: I was a crypto investor since 2014 but exited recently. Tired of the fucking circlejerking here and on plebbit.

>>7482403

>>7359311
because it's so useful

>>7357499
If people stop mining, wont transactions take longer and longer to clear?
Then the price will even further.
Death spiral.

>>6547066

>>6541074
get out with your gainz before its all gone

>>6535027

>>6514146
>'Coins' equal 'Gas' to power the global decentralized network.
if you say so...

>>6416232
It's not going back to $18,000.

People have figured out that bitcoin doesn't even work as a currency.

>>6368698
Because it has a cool name.

>>6351327

>>6301519
>It's literally that simple.
The fact that Bitcoin is fucking unusable as a currency may also be playing a role.

The mega-crash is going to be the best part of the joke.