/biz/ - Business & Finance

>>8774978
Cuck

>>8775015
I got out @ 2500. So yeah, I got cucked. Still made some good money.

>>8774978
This bull run lasts from $250. Give it time to crash enough.

>>8775030
>$250

>>8775070
That's exactly where the bull run started

The fundamental value is nowhere near current values. But I'm to tired debating this since I've done so many times before.

The value of Bitcoin is based on real usage and real usage only.

Transactions made in speculative purpose adds no value to Bitcoin, quite the contrary it erodes value by making the currency less competitive.

In other words. We will not see the true fundamental value of Bitcoin until speculators are out of the market.

Miners will go bankrupt. How will this affect the functionality of Bitcoin?

Bitcoin is heading towards a disaster.

>>8775122
>intrinsic theory of value
you are a brainlet, pls don't pretend you know what you're talking about

>>8775122
Bitcoins is a gambling token you faggot, it goes up when it’s pumped by the big players, simple as that.

>>8775122
This 100%. Speculators actually sabotage crypto.
Steam stopped accepting bitcoin because the price was so unstable (and transaction costs exploded.)
>>8775139
Fuck you!

>>8775122
this

people who don't understand what value means truly are retards

>>8775122

Is gold's intrinsic value based on its usage.

Or is it, its usage is based on its intrinsic value?

>>8775122
Holy fuck, a /biz/raeli who gets the dream is adoption, not speculation. You must be lost. Now shill me a coin and call me a pajeet, to restore balance to the universe.

>>8775122
>t. Let me look at bitcoin's financial statements

>>8775348
gold's intrinsic value based on its usage
as a currency between gold-value-accepting individuals

>>8775181
It's the same gold and silver Cartel that pays the sabottagers (ver and co) to do the deed.

In other words, it's the miners themselves. If they actually went bankrupt it would be great. Maybe it would be easy then to decentralize mining as well and the difficulty would drop.

Maybe we need a vote to hardfork BTC int o an ASIC resistant fork and keep the name and everything and leave now-BTC as bitcoin classic and fuck the miners altogether

ITT people who vow never again to buy Bitcoin above 19k

>>8775486
read actual thread moron!
Fucking Pajeet!

>>8775402

if individuals die off, what is gold value ?

pro tip > intrinsic value comes from difficulty to obtain it

That is why value is near its mining value.

pro tip > what other asset is like that

> boom

>>8775122
Why does bitcoin need to go to its fundamental value? why couldn't it have a consensus value like gold?

>>8774978
A stock only goes back up again if then company survives the gigantic loss of capital and reinnovates with new products etc.
Bitcoin isn't a stock. There's no external revenue streams.The 1-off mania chart applies to it.
You're never getting your money back no matter how many shitty posts you make here you faggot redditor.

>>8776103
>reinnovates with new products etc.
lightning

>>8774978
I'm not done speculating

>>8776103
how many times before you understand

>>8776229
the others bounced back at <50% retracement
we're down like 70% and still falling in addition to double topping

I hope it continues like that so I can short

>>8776236
the 2014 bubble did not bounce back after 50%

>>8776259
sure, but wasn't that due to gox?

>>8776236
its a matter of perspective
lets not forget BTC had an ATH of 1100$ and it went back to 200$ for a long time
so my guesstimate is this ATH was 20000$ unless we go sub 5000$ this wasn't the biggest crash in history of btc


https://twitter.com/ColbyFouts/status/980594113174294528

>>8776229
is that latest crash the one we're experiencing now? Because it looks pretty different from the previous ones...

>>8776241
> i hope i can short bitcoin to the ground, then i'd have all the bitcoins! i'd have all of $37!

>>8776451
no its an old crash but it's kinda similar as the current one

>>8776451
just watch this https://twitter.com/ColbyFouts/status/980594113174294528

>>8776503
there is a point where people won't sell no matter what happens

>>8775122
>miners will go bankrupt
yeah, you have no idea what you're talking about. sorry.

>>8774978
>what happened?
THIS

>>8777046
Hope really does spring eternal

>>8777046
Short now and wait for 2-3 years before going Long?

>>8775096

No, it started at 0. Obviously it has to go back to 0 from your logic - that's how markets work right?

>>8775096
this.

If you bought early you are still good

if you bought at top you'll be good a year from now

if you spent more than you can afford to lose well... dont do that again....

>>8777153
ive been living comfortably without the money i have invested.
Ill just keep it in and not try to time this market.
Especially since CNN is saying btc is dead.
Shorting now would make me a sheep.

>>8775122
WTF are you talking about "fundamental value"? If you liquidated the S&P500 you would get like 20 cents on the dollar. Real usage doesn't mean shit. Markets are built on speculation and trust, not usage.