/biz/ - Business & Finance

That looks like torture

no, you retard.

>>12915004
I need it to do this

>>12915008
stop reposting other retards TA you fucking fag. you didn't make that and only repost it because it makes you feel better about your biases. fucking emotional cunt

>>12915021
>being this mad
holy kek. based retard.


t. murad

>>12915041
So I have till April 2020 to accumulate, this is great news.

>>12914997
>prove me wrong
I can't do it

>>12915068
catch the wick next month nigga.

>>12915080
...I'm a brainlet...are you saying don't start accumulating till April?

>>12915095
look at the chart anon. accumulate around 2k

>>12915103
Oh I see, thank you for the advice.

>>12915103
Nah, I buy every week regardless

>>12915076
kek

>>12914997

> bitcoin is decentralized

All the mining power in the foreseeable future will always be consolidated in China because its allowed to be. Furthermore the Chinese leadership realized this, and in an attempt to move their capital out of the country, they subsidized bitmain to do this. That didn't just happen all on its own. That's also why you see wealthy chinese buying up real estate literally anywhere they can get their hands on that outside of the main land China. They know what's coming and its coming soon.

One also has to consider why this is so important. If the Chinese miners go silent with no warning then that's it for this particular chain. Sure one could make the argument that centralization would cease to exists and the system would return to equilibrium, but I seriously doubt that. Bitcoins credibility, even at its highest, was dubious at best with regards to the general population. Even Gavin Andresen clearly stated that they have no idea of this actually would work (a currency backed by nothing). So that's another strike against it.

Thirdly there's just too many other good projects out there. Core added an insane amount of complexity to an already complex system when they decided to go to LN instead of raising the block sizes, which the Chinese miners opposed because it would eat into their profit margin. So once again that's proof the Chinese really do control bitcoin (and its chains) and have for some time (BIP 148).

Finally, and worst of all, there's child pornography on the blockchain. You don't hear about it now because certain agencies probably aren't done milking capital out of it. But its a good kill switch for when they need it.

> thanks just bought 100k

You are mom

>>12915148

Then there's bitfinex and paper manipulation but that's another story. Create the demand and the actual supply (real dollars) will follow. Its obvious in hindsight but we all got wrapped up in it. Bitcoin is not gold, it has no intrinsic value outside of being a ledger system that has recorded 10 years of transactions between no more than 6000 full nodes. Just because there is an external fiat value tied to the software doesn't mean that this is the true value of the software. Plus as people become more eco conscious they'll actively begin to shun bitcoin for that reason as well. And no its not the same as the banking industry as they actually provide a utility to a lot more people. (and I'm not defending banks, they're disgustingly greedy as well).


Finally the bitcoin and crypto currency communities are incredibly toxic. That's why its mostly inhabited by neets and gamers who are so blinded by their greed and lack of empathy that they can't comprehend that 'normies' will never want anything to do with their pedo coin or the community. But I digress.

>>12915148
>>12915206

Uh where are all the anti-fudder's at? They should have been all over this by now.

>>12915008
>HEAVEN
>PURGATORY
>HELL
Just when I thought it wasn't possible for TA to be even less credible.

>>12915261
They're busy eatin chicken strips

>>12915148
>>12915206
>>12915261
>Hey guise, pleaes respond to my bait that has already been debunked millions of times and reads like it was written by a second-rate AI. Please, please, pretty please!