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50643794 No.50643794 [Reply] [Original]

This post is going to be quite a sobering reality check for many of you newfags. Many of you are not going to like what I have to say but if I can help even just a few people it will have been worth it. Very few people will remember pic related what I posted, back in the early days all that existed was bitcoin and this was a place where many early adopters lurked. In fact it was one of the only places on the internet to discuss bitcoin. Many early adopters got into bitcoin on this site sub $10 and I am still in contact with them to this day. We have all come to an agreement that bitcoin is not what satoshi intended for it to become. The sad reality is unless you currently right now have at least 10,000 coins you are not going to make it holding bitcoin. These futures ETFs that they launched with the CME and other agencies are designed to stifle the growth of bitcoin. Bitcoin is now in control of the elites. They have been fudding all of these years and have now acquired enough to suppress prices indefinitely. There is a reason why the spot ETFs were rejected and instantly shot down by gensler. Bitcoin is essentially going to mimic the stock market from now on going forwards. We have sources who work at the CME who have disclosed their plans for bitcoin and the greater crypto markets that they essentially have tamed bitcoin and will keep its growth suppressed to try to shake out many of the early adopters. Many of my associates have already moved onto Ethereum and other alts like solana and other layer 1's and others have just cashed out enough life changing gains to never have to worry about anything ever again. Essentially what I'm telling you is if you thought you would make it by holding 1 bitcoin that will not happen. I highly doubt we will even see $100k this market cycle and we may even need to wait until the next next halvening in 2028 for 6 figures per coin. You guys wanted institutional adoption well this is the price you have to pay. Hope this helps.

>> No.50643823

i've seen this thread 100 times now but i've never read past the first sentence. someone give me a rundown.

>> No.50643835

>>50643823
Bitcoin is shit and you should buy alts instead

>> No.50643847
File: 68 KB, 433x501, edelconcept.jpg [View same] [iqdb] [saucenao] [google]
50643847

Don't care. 1 bitcoin is 1 bitcoin.

>> No.50643865
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50643865

>>50643823
> The D in SOL stands for decentralization

He wants you to buy Solana instead of bitcoin.

>> No.50643880

>solana
at least try to be believable you gigantic faggot.

>> No.50643897

>>50643794
BSV solves the Bitcoin problem

>> No.50643926

>>50643794
this happened because you assholes didn't listen to me and you kept using them for drugs and other faggot political shit.
you didn't go after SWIFT. you didn't work first with private banks, credit unions or credit card companies or online fintech payment processors. you "democratized" it instead, opened it up to everybody, you fucking bandied it around like stock promoters to anonymous shitstain software developers and you got slammed with gambling pajeets.
for all intents and purposes, the 2017 bubble broke the system's reputation just to put Big Five Digit Number on the label. hope you're happy.

>> No.50643934

Bitcoin is shit and the claim that there can only ever be 21 million of them obfuscates the truth that you can just keep making the pieces smaller and smaller so effectively you have an infinite supply and it is never capped.

>> No.50643971

>>50643934
> the truth that you can just keep making the pieces smaller and smaller so effectively you have an infinite supply and it is never capped.

that must be the dumbest thing ive read all week, just because you can make something smaller doesn't make the supply infinite you cock sucker

>> No.50644029

>>50643971
>doesn't make it infinite
Explain the logic underlying that conclusion. I can just make smaller and smaller bits and charging more for them. Like a cake with really expensive crumbs. It's a ponzi cake and you know it.

>> No.50644113

>>50644029
If you call crypto a ponzi fine but the other statement is pure bogus, the fact you are able to buy something in smaller and smaller chunks doesn't mean anything about the underlying appreciating asset.
I could buy a microgram of gold if i wanted to but that says nothing about gold itself, we can buy literally anything with a group of people and keep dividing the asset its just convenient.

>> No.50644143

>>50644029
also, and btw the smallest bitcoin unit is a satoshi. its not infinitively downscalable. just saying

>> No.50644147

Radom Network, the next Chainlink

>> No.50644323

>>50643794
fuck off to r/buttcoin and never come again, deal?

>> No.50644343
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50644343

>>50643934
>If the price of a loaf of bread can become a microscopic amount of gold, then your bar of gold will be worthless
This is the logic of a panicked mind

>> No.50644403

Yes, Bitcoin was taken over and made into a store of value. It was neutered as an effective payment channel, and became a corporate sellout getting all the advertising and marketing a proper ponzi merits. That’s why BCH became a thing. Remember anon? Remember the bitcointalk seething? Pepperidge Farms remembers.

>> No.50644436

Yes OP we are on planet earth, what ddi you expect?

>> No.50644486

>>50643835
That's obvious tho

>> No.50644500
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50644500

Derivatives dictate spot markets. Since CME listed BTC options the price has tanked. 2018 but worse cause more liquidity to move.


https://super-crypto1.medium.com/4th-dimension-bitcoin-manipulation-cartel-can-it-be-burnt-no-way-c53de65c166a

>> No.50644810

>>50644500
Schizo moment

>> No.50644883

>>50644500
Cme volume is nothing from what I remember

>> No.50644911

>>50644883
How bad is it? As bad as Fed funds futures a year out?

>> No.50644954

>>50643794
man
i member

>> No.50645102

>>50644113
A microgram of Bitcoin could end up weighing the same as a kg the month before and the overall weight didn't change. This is why crumbs of Bitcoin should be rejected in their entirety before the ponzi cards collapse.

>> No.50645152

so many newfags
this pasta is stale

>> No.50645174

>>50643794
BTC following the stock market lately has been extremely boring

>> No.50645230

>>50643794
I got excited for a second because I thought you posted the Boglehead forums

>> No.50645762

>>50643794
Obvious LARP
>6 figures in 2028
The ponzi is getting called before that

>> No.50645790

>>50643847
Is that Edelgard? <3

>> No.50645950
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50645950

>>50643794
>others have just cashed out enough life changing gains to never have to worry about anything ever again
How is fiat a better hold than crypto?

>> No.50646058

>>50644403
The fact of the matter is cryptocurrency needs both an asset as store of value and a money as means of transaction, and that no one token can optimally be both at the same time, because token value rising is good for store of value but bad for means of transaction while token value falling is bad for store of value but good for means of transaction.

And same for supply: high/infinite supply of an asset is self-defeating, so it must be low/finite supply, but that kills its use as money / currency / payments vehicle.

>> No.50646066

>>50643926
>you didn't work first with private banks, credit unions or credit card companies or online fintech payment processor
What would that have accomplished?

>> No.50646079
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50646079

>>50643823
>How do you do goy, my dad who works at Nintendo says sell your BTC and buy shitcoins instead

>> No.50646107
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50646107

>>50643926
>work with credit unions

>> No.50646702

>>50645102
stop getting high you useless fucking stoner.
your post makes fucking zero sense.
stupid motherfucker.
stupid motherfucker.
stupid motherfucker.
I said it 3 times so you'll remember.
stop getting high.
you are fucking stupid. cocksucker, kill yourself.

>> No.50646967

still got my original bitcointalk account. bsv is bitcoin. BTC has been mutilated so much it no longer functions as bitcoin and has become nothing more than a gambling asset

>> No.50647053

>>50643794
Or you could be less of a faggot and post this good explanation video on the whole bitcoin issue.

https://www.youtube.com/watch?v=iYn6EQDqTkU

>> No.50647123

>>50646079
Coy the boy goy? wtf

>> No.50647339

>>50645790
Yes.

>> No.50647715
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50647715

>>50643794
>The sad reality is unless you currently right now have at least 10,000 coins you are not going to make it holding bitcoin.
>10,000 coins
>240 million dollars
>won't make it with anything less.