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9474777 No.9474777 [Reply] [Original]

It will fall to 5k. And after that, it will finally start its final downfall. The ButtCoiners are right. It will all fall to ZERO! There's no hope after all. We are all screwed. We were betrayed.
Just sell! SELL IT ALL NOW!!! AND RUN! RUN AND SAVE YOURSELVES OF THE TOTAL ANNIHILATION!!!

>> No.9475012

Sell now, its over. The market is done. Crypto is dead. Sell sell sell

>> No.9475028
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9475028

No thanks I'd rather watch my folio go to 0 than sell KEK

>> No.9475234

Im not gonna lose any more fucking noney. Im not leaving !

>> No.9475241

>>9474777
Cant wait til the next time I rewatch lotr.

>> No.9475262

It's just overpriced, nothing special. We're gonna be safe below 6k.

>> No.9475277

I have 1.2ETH and I'm keeping it locked away for the next ten years regardless of what happens.

>> No.9475329

>>9475277
I will buy it from you when it hits $2.

>> No.9475337

>>9474777
>buttcoiners are right
they have never been right and they will never be right. Imagine telling a buttcoiner bitcoin would be 5k a year ago. They wouldn't believe you. Keep on with this idea though newfriend. More for me.

>> No.9475416

5k? That sounds like a great level to load up and accumulate.

>> No.9475575

Consider this..
Of the almost 17 million bitcoins in existance only around 50'000 or so are being used to trade. Every day roughly1'800 new coins are mined. Miners hold on when prices are low because of expenses, providing the bulk of selling pressure above the mining profit margins ( >$9k).
The price of bitcoin is only as high as it is because 99% of it is being hodl'ed. It is GREATLY overvalued in terms of supply/demand, but the network cannot survive as is unless it remains this way. If the price drops too low miner incentive will disappear. Bitcoin is years behind where it should be ito adoption. Only adoption as a payment system, store of value (or anything) on a grand scale will save it from dying.

>> No.9475623

So it will keep going down and down until the bitcore team manages to make it useful as a payment system or smth. Only when more of the existing supply comes out of hiding will bitcoin really 'start'. This 'starting' value is probably not much more than $50 or so and from there on, with the advent of proper trade volumes and actual use, will it start increasing in value. Value based on functionality and demand instead of speculation

>> No.9475647

The only value it and any other crypto'currency' has right now is as a speculatory asset with the speculation being the potential of its use.

>> No.9475682

>>9475575
are you a fucking retard?

50.000 used to trade? around 1 million right now.

>> No.9475746

>>9475682
Even if it was 1mil...that's only 5% of existing supply. The point is that it is GREATLY overvalued based only on its potential to be something that it has not achieved in being after a decade

>> No.9475972
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9475972

>>9474777
Triples confirm.

>> No.9476666

>>9474777
Why tho

nice digits

>> No.9476677

>>9476666
chainlink $1000 eoy btw

>> No.9476697

>>9475746
stop trying to pretend you know what you're talking about, you already proved you're a moron

>> No.9476721

>>9475575
>The price of bitcoin is only as high as it is because 99% of it is being hodl'ed. It is GREATLY overvalued in terms of supply/demand

So it is only expensive because no-one is selling even at 8k, but somehow this analysis of supply/demand means it is crashing. You guys are funny.

>> No.9476831

>>9476677
Nice.