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8260050 No.8260050 [Reply] [Original]

What's the rationale behind buying BTC with fiat at the current price?
Are BTC whales convinced that BTC will be the global store of value?
If they're that convinced, they'll just keep accumulating/hodling until majority of the circulating supply is in effect out of circulation. Is this what's happening?
What happens if BTC reaches $1MM and a whale dumps 100k for lulz?

I'm starting to think BTC is less of a ponzi scheme and more of a high-stakes game of chicken.

>> No.8260283

Or am I a brainlet and should've sold?

>> No.8260335
File: 279 KB, 1437x908, XRP Will Save You.jpg [View same] [iqdb] [saucenao] [google]
8260335

>>8260050
Panic-selling for XRP. Thanks to the bitcoin futures market, whales can short the BTC futures before selling the actual BTC. This way, when the selling of BTC crashes the price, they don't lose money because they already shorted the futures beforehand.

>> No.8260381

>>8260335
of course a ripple shill wouldn't understand emh

>> No.8260503

To rob NEETs and wagecucks of their money.

>> No.8260513

>>8260050
There isn't any rationale to buy it anymore. Thats why its crashing. People are still denying the obvious though

>> No.8260521

>>8260381
I don't understand what you're getting at.

>> No.8260552

Bitcoin is worth nothing. Why do normies need this? It's a fucking meme.

>> No.8260579

>>8260513
I haven't tried catching the bottom yet, but I always like to think there will be mad rush to buy and push up to a new ath before being obliterated forever. But this assumes btc will really ever amount to nothing, which I don't want to believe just yet.

>> No.8260657

Can any smart whale here that are stilling buying now shed some light?

>> No.8260787

Please... I hate being confused

>> No.8260982

Bump

>> No.8261033

>>8260050
Decentralised ledgers are the future and it will all run on bitcoin. Not just monetary assets but all assets including IP will be tradable on a blockchain meaning contracts can be made involving all asset types and all bureaucracy is made obsolete.

>> No.8261060

>>8261033
Do you own or recommend any alts?

>> No.8261184
File: 22 KB, 346x387, 1519332900032.jpg [View same] [iqdb] [saucenao] [google]
8261184

>>8260050

Bitcoin has no rhyme or reason i've been saying this for so long. Its time for Bitcoin to die, so many other coins do better things than bitcoin.

Remember this, first movers in the market are often surpassed. This has been true in all industries

>> No.8261192
File: 69 KB, 474x447, XRP Feels Great Man Cosmic Moon.jpg [View same] [iqdb] [saucenao] [google]
8261192

>>8261060
Go all-in on XRP.

>> No.8261200
File: 155 KB, 1280x1282, 1520209505143.jpg [View same] [iqdb] [saucenao] [google]
8261200

>>8261033

Why on bitcoin you brainlet why do you believe nothing else more efficient can take its place

An hero now, nothing is guaranteed

>> No.8261248

>>8261192
You shilling nonstop will make me forever be suspicious of XRP.

>> No.8261282

>>8261248
When it goes on the greatest bull-run in history, these memes will haunt you.

>> No.8261320

>>8261033
This can be taken pretty far if we want. The rights to IP like Mickey Mouse can be encoded objectively by an AI. It can evaluate the mickey mouseness of any content and charge the appropriate royalties according to a verifiable algorithm.

>>8261060
I have a bit of skycoin, I wouldn't recommend anyone getting involved in any crypto unless you're interested in the technology. Speculating is gambling, buying ripple is just giving banks money.

>>8261200
The only thing thing crypto provides is secure decentralisation and Bitcoin is the only one actually focused on that. All the popular altcoins focus on bells and whistles that don't accomplish anything but hype. The protocol layer needs to be implemented before the features, that's just how programming works and Bitcoin is the future protocol layer. Protocols become dominant because of the network effect and features are built on top of that meaning you can't replace the protocol. Again this is just how developing things fucking works.

>> No.8261339
File: 277 KB, 469x452, 1519505280829.png [View same] [iqdb] [saucenao] [google]
8261339

>>8261320

You're actually retarded. I was trying to maybe give you the benefit of the doubt before but you're actually brain dead

>> No.8261352

>>8261320
>I have a bit of skycoin
I just setup a node on my Windows yesterday :)

>buying ripple is just giving banks money
True

>> No.8261364

>>8261320
>>8261352
Skycoin is literally ham radio for the internet.

>> No.8261485

>>8261339
I wonder, have you ever developed any software that needed to be even slightly reliable? or even any software at all? Why do you think you know what you're talking about?