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8700703

Why are so many of you idiots? Anonymous Mon Apr 2 03:56:50 2018 No.8700703 [Reply] [Original]

1. Most of you do not have money in the tens of millions.

2. Cryptocurrencies are horribly inefficient and cannot massively scale.

3. The majority of the supply of all cryptocurrencies are held by a few people.

This means that most of you who didn't get in early bought the tail end of a ponzi scheme making the early holders a) exponentially richer thus resulting in even greater control of the supply of cryptos, the end result of you either losing money almost completely, breaking even, or making gains that will not make a significant impact in your life.

This entire game is centralized and not as decentralized as you think. The faster you see it, the smarter you can become in playing this game. Who am I kidding though? I'm talking to mostly a bunch of Americans at the end of the day. There's a reason most of the early cryptocurrency enthusiasts were Europeans or Asians.

>>	Reluctant kneepad girl Mon Apr 2 04:04:23 2018 No.8700793 What originally thoughts Never heard before in past 6 years You some sort super genius

>>	Anonymous Mon Apr 2 04:08:01 2018 No.8700837 >>8700793 Name fag

>>	Anonymous Mon Apr 2 04:08:26 2018 No.8700841 >>8700793 Thanks reluctant kneepad girl.

>>	Anonymous Mon Apr 2 04:09:41 2018 No.8700857 >>8700793 Namefagging is not allowed on this board.

>>	Reluctant kneepad girl Mon Apr 2 04:30:30 2018 No.8701073 File: 37 KB, 371x331, 1522519030251.jpg [View same] [iqdb] [saucenao] [google] >>8700841 You welcome morbid pessimism guy >>8700837 >>8700857 > :P

>>	Anonymous Mon Apr 2 04:36:48 2018 No.8701127 >>8700703 >t.doesn't understand the words decentralized NETWORK.

>>

Anonymous Mon Apr 2 04:39:46 2018 No.8701157

>>8700703
all of this same shit was true when bitcoin reached $50m, if you replace the 'tens of millions' with 'hundreds of thousands'

and bitcoin is infinitely more diversified now than it was in 2012

it's still less extreme than with most assets and still has an insane high room (100x+) room to scale before it reaches its equilibrium

>>	Anonymous Mon Apr 2 04:45:46 2018 No.8701210 >>8701157 1. Awareness peaked, so stop endlessly comparing it to the past to make your losses feel better 2. Because of 1, it actually only has room to go further down. 3. The people who monopolize this space will only monopolize it more

>>	Reluctant kneepad girl Mon Apr 2 04:49:19 2018 No.8701233 >>8701210 Bitcoin price only cap out because of 2 week transaction and $200 fees Also because exchanges not able to take even 1% of forex volumes

>>	Anonymous Mon Apr 2 04:51:49 2018 No.8701261 >>8701210 >awareness peaked That's a nice infallible arbitrary perfect assessment you've made there.

>>

Anonymous Mon Apr 2 04:54:00 2018 No.8701278

>>8701233
The awareness peaked. That's all that matters. Since there is no fundamental value in cryptocurrencies since they can't scale by definition (hence the increase in fees and transaction times), the only way the price can increase is by an increase in awareness. Every Joe now knows about Bitcoin so the only value it had (i.e. fooling the next person to buy) is gone. Since all other cryptos are no different, Bitcoin will remain to be the global index of all cryptos, hence pretty much ending all possible crypto bull runs. Screencap this post, and come back to this year after year you realize I am right.

t. Crypto holder since 2011 who was smart enough to sell before the utter collapse in this market.

>>

Anonymous Mon Apr 2 04:59:07 2018 No.8701323

>>8701278
this has word for word been said back in 2013. i'm not sure if you literally copypasted some comment from r/bitcoinmarkets but i swear, same shit. even the same "it was on TV, average joe bought it already, everyone has been burned, etc" i'm pretty sure if you were in there back then you'd know what i'm saying. honestly i'm not sure if you're larping or not, i'm gonna try to find the comments i am talking about. maybe just eerily similar, and you're not just copypastaing everyone in here

>>

Reluctant kneepad girl Mon Apr 2 05:08:25 2018 No.8701401

>>8701278
In marketing 100% name recognition only
first
step

Logistics are

Second
Step

You see real scaling start happen now
These extremely common market cycles

Your argument against crypto forgets it solves real problems
Solving problems only thing that matter in mong run

>>	Reluctant kneepad girl Mon Apr 2 05:09:36 2018 No.8701413 >>8701323 Me not know if he copy paste but too have seen same comments since forever

>>	Anonymous Mon Apr 2 05:11:36 2018 No.8701431 >>8701413 in /biz/ or plebbit?

>>	Anonymous Mon Apr 2 05:12:06 2018 No.8701433 >>8701323 So you just think that btc will continue mooning infinitely.

>>	Reluctant kneepad girl Mon Apr 2 05:12:11 2018 No.8701434 >>8701431 Gaiaonline

>>	Anonymous Mon Apr 2 05:12:53 2018 No.8701443 >>8701323 Fuck you got me. There was definitely a John Oliver/Ellen special, a Katy Perry/ 50 Cent/ Floyd Mayweather Instagram post, and 99% of people in the world had definitely heard about Bitcoin in 2013. Fuck.

>>

Anonymous Mon Apr 2 05:14:51 2018 No.8701462

>>8701433
He's dumb. It's the only recourse he has to make himself feel better and to think the situation in 2013 was anything like now. Awareness for Bitcoin as a whole in public for the average joe was insanely minimal despite its local peak. Simple math. Almost everyone knows about Bitcoin now in this world. Almost noone knew about Bitcoin in 2013 despite the local peak. Use your brain idiots.

>>	Anonymous Mon Apr 2 05:15:18 2018 No.8701466 >>8701443 this

>>

Anonymous Mon Apr 2 05:17:13 2018 No.8701483

>>8701401
It doesn't solve any real problems and is inefficient in solving any large problem at scale due to the scaling problem. Decentralized technology in general may be useful sometime (they're really just append logs though and not too useful) but cryptos are sure as hell and will never be useful.

Inb4 "Haha they said the same in 2013" without realizing that awareness has peaked and had never peaked back then.

>>	Reluctant kneepad girl Mon Apr 2 05:22:39 2018 No.8701529 >>8701483 LITTERALLY solves credit card fraud, double spending, cross border / cross fiat transfers, book fixing, middle man fees, overdrafts, I could go on

>>

Anonymous Mon Apr 2 05:23:16 2018 No.8701535

>>8701401
While I agree with you, I wouldn't put cryptos in the same category as startups which fix problems in our current economic frames.
Cryptos are not about fast and convenient transactions.
Cryptos are about rebuilding our economy from scratch and removing all the unnecessary greasy fingers and regulations from it.

>>

Anonymous Mon Apr 2 05:25:16 2018 No.8701554

>>8700703
>cryptocurrencies are horribly inefficeint and cannot massively scale

That's actually where you're wrong.

Fiat lacks scaling. It's forced to hold onto dated methods through debt, centralization, paper notes, and incsonsitent data across many platforms. Crypto on the other hand, solves literally all of those problems. So shut the fuck up.

>>	Reluctant kneepad girl Mon Apr 2 05:26:42 2018 No.8701568 File: 48 KB, 350x210, bling_bling_nami.jpg [View same] [iqdb] [saucenao] [google] >>8701535 Not really, big banks / academia want crypto more than anyone Crypto nwo stuff !!!

>>	Anonymous Mon Apr 2 05:28:24 2018 No.8701582 >>8701568 They would have already bought. Banks don't market buy anyway. They OTC

>>	Anonymous Mon Apr 2 05:29:12 2018 No.8701586 yeah but i can buy drugs with bitcoin

>>	Anonymous Mon Apr 2 05:32:39 2018 No.8701619 >>8701568 They have fallen to the every-transaction-will-be-traceable meme. They fail to see the longer run where decentralized privacy functions will undermine them.

>>	Reluctant kneepad girl Mon Apr 2 05:34:06 2018 No.8701633 >>8701582 Banks operate in decades And don't want make a single neet pedo a millionaire more than half to Who knows what symptom of bank buying in would be?

>>	Reluctant kneepad girl Mon Apr 2 05:36:43 2018 No.8701658 >>8701619 Tech for privacy coin not here yet, "trust me" Not single privacy coin out now any more private than btc with clever user

>>	Kekovicius !!seZ2sXABmE3 Mon Apr 2 05:40:02 2018 No.8701693 >>8700703 I am perturbed that your post indicated a list by including "a)" but no other members of the sequence were introduced.

>>	Anonymous Mon Apr 2 05:45:45 2018 No.8701740 >>8701658 Dumb ass. Every coin with cryptographic anonymity proof is good. Dash is not one of them. Just google them coins, I an not going to shill. Dumb ass. Enjoy IRS caging you for the stupid BTCs.

>>	Reluctant kneepad girl Mon Apr 2 05:51:40 2018 No.8701801 File: 707 KB, 1200x1058, 1522595326882.png [View same] [iqdb] [saucenao] [google] >>8701740 You tell me, sparkeh

>>	Anonymous Mon Apr 2 05:53:04 2018 No.8701817 >>8700703 I was just reading on /pol that idiots here believed Brittney Venti was for real. There are vast unplumbed depths to the idiocy here.