Crypto is not your way out

[Anonymous No.11206384]

Wake the fuck up and stop being delusional.

You bough digital tokens that nobody actually uses for anything because you heard they will make you rich. You believed this because someone advertised their previous gains and hyped you up by posting pictures of lambos and rented jets.

Now you're hoping to get the same type of returns by advertising your purchased tokens to other people, claiming the same type of bubble action as being imminent. This is textbook Greater Fool Theory, its nothing more than a pyramid bidding structure. This can work ONLY as long as the pyramid scheme isn't widely known, and maintains the allure of being "the next big thing"..

Once the ponzi-like becomes common knowledge, nobody wants to participate anymore in another self-perpetuating ponzi where the early adopters sell at premium to new incomers.

Crypto is mainstream knowledge now. Your average person has heard of it, they tried Bitcoin and saw it absolutely crumble to uselessness in December, and the hype has long gone as people saw the December investors get absolutely rekt.

This was the final bubble. There will be no institutions investing in your shitty digital tokens, institutions aren't retarded.

You're not going to find some fool who is going to give you $50K for your Bitcoin. You're the last fool standing now that the music has stopped, and you have no chair to sit on.

[Anonymous No.11206389]

>>11206384
fuck off Vitalik, suck my dick

[Anonymous No.11206403]

Prediction: Vitalik is short sighted and wrong and gets BTFO and pozzeditively btfo

[Anonymous No.11206411]

>>11206384
its volatile because there is not enough money in it. if it had a 100 Trillion marketcap, bitcoin would be useful as currency. and other currencies but bitcoin would be even more useful.

[Anonymous No.11206430]

>>11206384

>anger

good, we're getting there.

[Anonymous No.11206432]

vitalik also said eth would ath at $7.

[Anonymous No.11206451]

Ah, you read about the Greater Fool Theory today.

[Anonymous No.11206453]

>>11206384
>supply and demand are ponzi-schemes

certainly you can't be this fucking stupid. According to your logic, the very concept of "price" is a ponzi-scheme. The more people buy something, the more the price goes up = ponzi scheme?

Didn't think this one through did ya brainlet?

[Anonymous No.11206474]

>>11206384
fuck off shill

[Anonymous No.11206550]

The three points on that slide are non sequitur.
Decentralization reduces the cost of trust
the modern financial system will be able to serve people better because of tue above
volatility is a function of low liquidity and lack of connection to general economic activity. This can hange as more and more people use it for business.
It's sad that vitalik is using fud from 4 years ago.

[Anonymous No.11206558]

vitalik is heroin addicted pedophile

[Anonymous No.11206711]

>>11206411
>if it had a 100 Trillion marketcap, bitcoin would be useful as currency

No wonder you're all poor and broke.

[Anonymous No.11206739]

>>11206711
Its true though. Once the top world governments give in and move funds to btc it will be $100 trillion and quite stable.

[Anonymous No.11206763]

>>11206739
yah dude and maybe that’ll happen in 300 years

good thing you’re getting in on the ground floor now!

[Anonymous No.11206774]

>>11206384
>You bough digital tokens that nobody actually uses for anything because you heard they will make you rich.
I bought bitcoin to buy drugs then buy other crypto as a means of storing my money outside of banks, stops me impulse spending since you have to convert from (x)coin to fiat overall I am in the green so I don't really care and even wouldn't if I was breaking even

[Anonymous No.11206892]

>>11206453
well yes everythiing is a ponzi given a big enough time frame

[Anonymous No.11206915]

>>11206453
it is a ponzi scheme. You have to understand that the “demand” is driven by people thinking that the “demand” will continue to rise and so the price will keep rising too and they can resell it once demand is higher. If that price drops, when normally lower price = more demand, instead you’re looking at a situation where the lower price is actually killing demand, because no longer do people think high demand will enable them to resell it at a higher price, and the death of the demand is in turn killing the price.

Like this shit is just begging to collapse

[Anonymous No.11206935]

>>11206915
I'm beginning to think it's meant to.
At least BTC.
I'm not saying that I don't think you can still make money in the space.
There's A LOT of money to be made still.
A huge pump is coming.
And another crash.
From that crash, I think we'll see what crypto was meant to succeed....
Saving us from the scam that was BTC...

[Anonymous No.11206956]

>>11206935
I'll add.
Whatever coin rises will be easily controllable.
I think XRP, XLM, and IOTA are the frontrunners.
We'll see.

[Anonymous No.11207002]

>>11206384
>Wake the fuck up and stop being delusional.

>You bough digital tokens that nobody actually uses for anything because you heard they will make you rich.

You only found your way here because of said hype. Newfaggots plz leave.

[Anonymous No.11207023]

>>11206411
>if it had a 100 Trillion marketcap, bitcoin would be useful as currency
this is the dumbest fucking thing i have ever read

[Anonymous No.11207058]

>>11206384
I agree that the majority of shitcoins in the market are worthless, but you're fucking stupid to think that a deflationary, fixed supply, fully decentralised, censorship resistant, cross border transactional asset is worthless. Bitcoin will continue to rise as long as humans can experience emotion, that will not change. It will reach 50k by 2020 without a doubt, screencap this.

[Anonymous No.11207084]

>>11207058
you’re fucking stupid if you think deflation is good

[Anonymous No.11207103]

>>11207002
Who is this nigger?

[Anonymous No.11207113]

I don't care. I don't care about BTC at all. I'm here to trade this shit. I don't need an uptrend I can also trade a down trend.

[Anonymous No.11207120]

>>11207084
why is it bad?
earnest question

[Anonymous No.11207140]

>>11207120
go look at japan

[Anonymous No.11207164]

>>11206411
>bitcoin can only be a currency if everyone has already bought in to the speculation that it is a store of value with shitty fundamentals
the absolute state of btc maximalists.

[Anonymous No.11207165]

>>11206384
>believed that no one would ever pay $10k for btc when it was $1k.
>bought 0.5
>kept buying as the price ran up past $4k
>only ever had 0.98
>sold it all at $18,2k
REEEEEEEE I COULD’VE BEEN FUCKING RICH DAMMIT. I COULD BE COMFY AS FUCK RIGHT NOW. INSTEAD I STAY WAGEKEKING ONLY ON THE HOPE THAT SOMEHOW, SOMEWAY, THE BUBBLE WILL INFLATE AGAIN AND I CAN GET IN WITH LEVERAGE AND MARGIN AND ACTUALLY FUCKING MAKE IT THIS TIME.
We KNOW it isn’t worth shit, we KNOW it isn’t going to be the world’s currency, we’re just trying to time the jack-in-the-box just right to be free of the rat race. Don’t you get it anon? It was this fucking close. I could practically taste it. Now I’m not sure if it will ever happen again. I HAD ONE CHANCE AND FUCKING BLEW IT

[Anonymous No.11207177]

>>11207120
nobody spends in a deflationary economy. but its fine. bitcoin is actually inflationary anyway... at least until the year 2140.

[Anonymous No.11207182]

>>11207140
Japan's doing pretty well, it's got like, what, the 5th greatest economy in the world in spite being a small island

[Anonymous No.11207194]

>>11206384
tell me more, i love it when you talk dirty to me

[Anonymous No.11207249]

>>11206411
lmao
no, allot of that money, just like in any highly valued commodity, would come from credit levaraged 20x. if btc falls by 5% the whole thing would crash. at least with real assets, there's some intrinsic value in them

[Anonymous No.11207267]

Copypasta

[Anonymous No.11207281]

>>11206384
Vitalik is just mad he sold his eth at 8 dollars and theres people who have made more money than him off of his own pet project.

Could you imagine how angry Steve Jobs would be if some other Apple investor made more money than him? Seething

[Anonymous No.11207292]

>>11206453
>>11207002
>>11206411
>its volatile because there is not enough money in it.
KEK, I love coming into these threads to laugh at the delusional cryptofags that didn't cash out like I did. You guys are in for a rough year.

[Anonymous No.11207324]

>>11206384
> unit-of-account
canada was a fucking mistake

[Anonymous No.11207326]

>>11207177
But frankly isn't it better to have people have and keep savings?
with crypto as well, every coin is pretty much infinitely divisible so people could still pay for things and the economy in my mind would work the same just without as much need for credit

[Anonymous No.11207353]

>>11207194
this

[Anonymous No.11207426]

>>11206915
I agree with you if you're talking about bitcoin. there are other projects out there that don't aim to replace money but rather they improve upon existing product/service via smart contracts. in that case there is real demand because they make things faster, cheaper, etc without the users of the service even knowing what is happening in the background.

[Anonymous No.11207434]

>>11207140
bitcoin is not a country it does not have a gdp

[Anonymous No.11207436]

>>11206956
>XRP, XLM, and IOTA are the frontrunners.
did you get dropped as an infant?

[Anonymous No.11207550]

>>11207120
because the only thing that can possibly push prices down is usually everyone getting paid significantly less

a wage is a price of a worker, when prices go down so do wages. Deflation is a huge signal that your economy is malfunctioning.

[Anonymous No.11207580]

Read the bitcoin standard faggot

[Anonymous No.11207581]

>>11207550
>Deflation is a huge signal that your economy is malfunctioning
Only if your favorite economic model presupposes that infinite growth is not only possible, but necessary.

[Anonymous No.11207623]

vitalik is an autistic programmer, not a market analyst or economist. he has absolutely no idea what he's talking about. this seems like damage control for the plummeting crypto he created.
it's amazing how many of you take the word of a 24 year old skeleton as fact

[Anonymous No.11207654]

>>11206384
the volatility is the only reason why crypto is still alive RETARD!


Bitcoin will never die.

[Anonymous No.11207661]

>>11207326
>But frankly isn't it better to have people have and keep savings?
No. You do not want to encourage/reward people for just hoarding money. You want to incentivize people to spend or else all industry suddenly grinds to a screeching halt.

another sign of a severly dysfunctional economy

[Anonymous No.11207663]

>>11207084
>t.
|
|>
|x
|
|

>muh deflationary currency is bad
yea it's fucking great right now, with banks printing money like it's nothing, maybe at 65yo you will be able to afford some old shed!
but hey at least you have a new Iphone and can take your dog to a hair salon right?
fucking kikes

[Anonymous No.11207704]

>>11207581
well considering the US GDP has, on average, grown every year for the past 250 years since it started at twelve million dollars in 1775 I’d say infinite growth looks like a safe bet

[Anonymous No.11207748]

>>11207663
yeah dude better cut off money supply so the jews can just horde literally every last dime and there’s nothing you can do about it except hold on to the same 10 dollars you’ve owned your entire life and will be all the money you’ll ever own becuase (((they))) have the rest

[Anonymous No.11207756]

>>11206411
holy fuck i did not just read this

[Anonymous No.11207769]

>>11206915
Its been in a multiyear bubble that took some time to break mainstream.

Not that it has its going to be a multiyear reversion down.

[Anonymous No.11207790]

>>11207704
well, considering dinosaurs have dominated the planet since the Jurassic period, I'd say their population's infinite grow looks like a safe bet

[Anonymous No.11207799]

>>11207769
bubbles pop they don’t correct

[Anonymous No.11207811]

>>11207790
>dinosuars = economy
that’s about the level of understanding I’d expect around here

[Anonymous No.11207816]

>>11207748
so the jews will be totally selfsufficient and will cook their money when they get hungry?
also no one says it has to be crazy deflation, it could be on a neutral level, but not this shit we have now with kikes printing money for themselves (which means stealing from us +taxation = double kill) to pump the prices of real estate so that young people are forced to slave away as rentcucks to the kikes and greedy boomers. Great fucking system, better spend all your money on stupid shit goyimg because by the end of the year it will be worth 8% less (yea, 2% inflation is a fucking lie)

[Anonymous No.11207863]

>>11207811
Boy, you are stupid.

The point is a simple one, though obviously not as simple as you.

[Anonymous No.11207873]

I’m an Ethereum maximalist. The future world currency is ethereum

[Anonymous No.11207887]

>>11207704
>what is inflation, what is auxiliary economic growth
When it comes down to it, deflation can be good or bad depending on the circumstances. People always need to eat, useful goods always need to be made to keep people alive. Economic activity to satisfy those needs happens regardless of prices. All kinds of industries have 'cash flow' problems in various states of inflation or deflation, but it's important to think about what kind of creativity is incentivized in either environment. eg. Are the consequences of consumerism worth the numbers which tell everyone the economy is growing?

[Anonymous No.11207904]

>>11207816
>so the jews will be totally selfsufficient and will cook their money when they get hungry?
Nah they might spend it on food, food that most people can no longer afford.

You can get all doomsday on me all you want but I’m telling you a deflationary economy is a far more apocalyptic landscape than what we have now. I don’t understand why you wouldn’t think in a limited money supply economy you wouldn’t just get high concentrations with few people, both literally and figuratively starving out everyone else.

[Anonymous No.11207920]

>>11207904
why not have a neutral currency? why does it have to be 1 extreme or another?

[Anonymous No.11207924]

>>11206384
Just made 2x in a day on ripple....sorry I cant hear you over all the money i made when i dropped 20k into ripple at 28 cents

[Anonymous No.11207925]

>>11207863
it’s a really dogshit point and has nothing to do with what I said. The US economy has literally experienced limitless growth since this country was founded. Fucking dinosaurs have nothing to do with anything.

[Anonymous No.11207945]

>>11207920
depending on who you ask the US dollar or the Euro is the happy medium and the extreme example would be more like the Zimbabwe dollar

it depends on how much faith you have in the treasury and the fed to do their jobs properly

[Anonymous No.11207952]

>>11206384
>digital tokens that nobody actually uses for anything because you heard they will make you rich
That's pretty obvious from how people ALWAYS talk about cryptos value in terms of fiat currency.

[Anonymous No.11207975]

>>11207925
actually, dinosaurs have everything to with anything.

[Anonymous No.11207995]

>bitcoin has no use ca

[Anonymous No.11208014]

>>11207165
>bitcoin is a ponzi aah im not sure if it will go to ath but im so smart i sold for dollars eheh $$ i was almsot rich tho heehehe

[Anonymous No.11208028]

>>11207995
You know that is fake right. Dont worry bitcoin will have one more PND in 2020.

[Anonymous No.11208172]

>>11207326
In the sense that they are investing, sure. Hoarding cash stagnates the actual wealth being created, and it doesn’t matter if you measure it in fiat or crypto: there will be less wealth.
Inflation out of control is terrible, but saying that deflation is the answer is a sign that you don’t actually understand what you are trying to solve.

[Anonymous No.11208198]

>>11207975
Ladies and gentlemen, the average crypto “investor”

[Anonymous No.11208281]

>>11206411

Delusional fucking Bitcoin maximalists(shills). If it had even a 1 Trillion marketcap the network would choke and the fees would be insane.

[Anonymous No.11208325]

>>11206384

Isn't Vitalik a pedophile and a homosexual?

I think it's reality check for ETH bagholders.

[Anonymous No.11208352]

>>11206384

>This is textbook Greater Fool Theory, its nothing more than a pyramid bidding structure.

By that logic so are stocks. It's exactly the same thing. The early buyers get huge profits while the rest get fucked.
>Crypto is mainstream knowledge now. Your average person has heard of it, they tried Bitcoin and saw it absolutely crumble to uselessness in December

Reality check: like 2% of people in the western world actually bought. There's no way in hell it could handle the amount of transactions if it was actually even close to mainstream and the market cap would've been wayy higher than what it was. The average person didn't buy because they didn't know about it, they didn't buy because they DON'T CARE. No one fucking cares about decentralization. They think the current fiat system is fine.

[Anonymous No.11208353]

>>11206763

So you're saying bitcoin will gain 333 000 000 000$ in market cap per year? Nice!

[Anonymous No.11208380]

>>11208281
At that point the only solution would be bigger exchanges, futures and fractional reserve crypto.

[Anonymous No.11208671]

>>11206389
Fpbp

[Anonymous No.11208883]

bullish signal.
commie vit has been wrong on nearly every price /adoption prediction he's ever made

[Anonymous No.11209050]

>>11208352
>By that logic so are stocks. It's exactly the same thing. The early buyers get huge profits while the rest get fucked.

You're a retard and should learn basic finance.

>Reality check: like 2% of people in the western world actually bought

That's because most people aren't fucking retarded enough to buy into a ponzi driven by hysteria after a handful of bots of Bitfinex pushed the ask-bid spread up over a tiny portion of the outstanding float.

[Anonymous No.11209087]

muh bitcoin crashed and it will never come back


yeah like the 20 times beforehand when it actually hit higher himes EVERY single time.
unless its fucking. it still didnt double spend and still handles txs that everything that matters

[Anonymous No.11209112]

>>11209050

>muh learn finance

So where was I wrong? You mean the late buyers get MORE gains than the early buyers? Just admit it's the same pyramid shit as crypto.

[Anonymous No.11209182]

>>11209112
No. Stocks aren't a fucking ponzi scheme based on a fucking transaction checking algorithm, they have inherent underlying value in real life, something that can actually be expressed as a multiple of their cash flow or earnings or a ratio of book value.

This place is fucking retarded, no wonder you're all NEETs with no money.

[Anonymous No.11209195]

>>11209087
>comparing Bitcoin's past crashes when it was tiny liquidity oddity with a miniscule market cap and few participants where a handful of fucking bots a few million in real cash could create a moon to now
>not a complete brainlet

Pick one

[Anonymous No.11209309]

>>11207975
>the absolute state of crypto "investors"

[Anonymous No.11209650]

>>11209050
how are stocks not a ponzi you retard? If I buy a stock it's not because I want to support the company or hold their shares and feel good about it, I just want to dump on the next fool in line when I think it's about to go down, pretty fucking simple, same with gold.
Everything in life is a ponzi, everyone wants money for themselves and fuck all for everybody else

[Anonymous No.11209676]

>>11209182

No, stocks' value is based on supply and demand, just like crypto.

[Anonymous No.11209776]

>>11206935
>>11206956
the state of newfags

god damn stopped reading right there bye bye

[Anonymous No.11209929]

>>11209650
>how are stocks not a ponzi you retard? If I buy a stock it's not because I want to support the company or hold their shares and feel good about it, I just want to dump on the next fool in line when I think it's about to go down
Holy shit no wonder you're reduced to buying a fucking worthless scam used by no one except NEETs trying to get rich quick by hyping up other NEETs.

LMFAO at you calling stocks a ponzi and owning fucking crypto

[Anonymous No.11209967]

>>11209929
they are both ponzis, you're delusional if you don't think otherwise. If you buy a stock and it doesnt pay you out dividens it's literally useless. It's basicly like betting on horse racing or your favorite football team. What are you gonna do with that stock other than possibly sell to a greater fool for a higher price? are you gonna eat it? live inside it? it's fucking worthless.

You could create football teams stocks and we could all agree to value them based on performance, flippping the hot potatoe, same shit.

Everything is a ponzi if you're planning to sell higher

[Anonymous No.11209999]

everything this guy just said is bullshit

Just accumulate DADI over the next few weeks. Shit's undervalued, and has actual fundamentals. People were all demoralized like this last bear market, and the peak of the series of bubbles is still far off.

BTC just went down. Buy DADI while everything's cheap.

[Anonymous No.11210022]

>>11209999
Kys

[Anonymous No.11210030]

Vitalik is a jealous autist and bitcoin is literally the future.
Now ether is an overvalued mess that nobody needs. "World computer" lmao

[Anonymous No.11210060]

>>11206550
this

[Anonymous No.11210073]

>>11210030
this

[Anonymous No.11210078]

>>11206384
You posted this thread yesterday.

[Anonymous No.11210114]

>>11209967

This. He's never gonna admit he's wrong though. Stockfags think they're somehow above crypto when it's all the same shit if you look at it honestly.

[Anonymous No.11210150]

>>11210078
Doesn't make it less true.


You could have invested in american non-ico coins with solid tech (such as lbry). But you didn't. You bought shitty chink ico tokens.

You cannot discrete op, especially with what Tron and the tronvestities did. Crypto is a bag of hot air for the AI demiurge. IBM will simply copy paste (legally btw, these retards made all this shit open source) the best stuff and make a hyperledger suite for businesses where you'll never have to use a gay ass token on hash or key or any of this gay slow shit.

[Anonymous No.11210182]

>>11209967
No you fucking retard, not everything you sell higher at a later date is a fucking ponzi. Are you that fucking retarded?

Some things are assets with inherent value which can raise based on some underlying fundamental, like cash flow for stocks. Crypto on the other hand is not, its at best a speculative asset whose value depends on more retarded NEETS like you without even an elementary knowledge of finance thinking its their get rich quick scheme.

[Anonymous No.11210188]

>>11206384
Than why are all the business people saying through presentations that Cryptocurrency is the shit and predicting a web 3.0?

[Anonymous No.11210191]

>>11210182
How is it not valuable

[Anonymous No.11210198]

>>11210188
They want to offload their bags that's why.

[Anonymous No.11210199]

>>11210182
If you don’t see the value in a proper currency you probably aren’t much of an investor.

[Anonymous No.11210250]

>>11206411
So much hate on a visionary comment.
It's true - some crypto, maybe BTC, will become high market cap, it will become stable thanks to it, the world will value everything in it and everything will be pegged to it.
If you can't see this inevitably happening, you have not done your research. Either do it or keep mumbling
>muh ponzi
>muh greater fools
Just grow some balls and don't get emotionally attached to every market cycle like a fucking woman.

[Anonymous No.11210261]

>>11206389
this. i would fuck that bad money skelly until his bones fell apart. this faggot needs to be fired or die in a car crash or something. hes a cancerous tumor plaguing the industry. he must be stopped.

[Anonymous No.11210262]

>>11206403
definitely also this.

[Anonymous No.11210293]

>>11210182
>inherent value
>implying entire financial system isn't built on top of fiat paper
You seem to be getting really emotional about this Mr. Angry stockfag

It's all tulips buddy, maybe you read a couple "finance" books and think that entitles you to some sense of superiority over because boomers trade stocks vs NEET's in crypto, but at the end of the day you're just trying to argue about who's tulips are better.

The sooner you swallow this redpill the easier it will be for you to view things with a rational, open mind.

[Anonymous No.11210343]

>>11209676
And supply and demand is based how good the product is (comp succes), like it is always.

With crypto the supply and demand is based on how ppl think it will go up, thus making a ponzi.

[Anonymous No.11210410]

>>11210199
crypto is a shit currency that no one can feasibly use because it’s a pain in the ass

you might as well be dragging around those giant 3 ton stone discs that people used to use as currency on the fucking easter islands in terms of convenience

[Anonymous No.11210426]

>>11210343

>With crypto the supply and demand is based on how ppl think it will go up

Why would you buy a stock if it didn't go up? Sounds like a bad investment to me.

[Anonymous No.11210456]

>>11209182
Brother you know I only desire sauce

[Anonymous No.11210465]

>>11210293

[Anonymous No.11210468]

>>11210343
While you're partially right, you're missing a big part of the picture.

Yes eventually price needs to have a backing in supply and demand, and business success, the speculation always happens well before the tech gets to that point.

By your logic the dotcom bubble was a complete ponzi, but look 20 years later and now we have some of the most successful and valuable stocks that have ever existed that have come out of that "ponzi."

If you don't see why SOME cryptos are going to be incredibly useful and disruptive once they start getting more adoption, it just means you don't understand blockchain or how much business is built on being a trusted middleman (a lot of current businesses are rent seekers based on being the middleman). Most cryptos are not going to make it but the ones that do will make A LOT of money.

[Anonymous No.11210578]

>>11207550
>a wage is a price of a worker, when prices go down so do wages. Deflation is a huge signal that your economy is malfunctioning

It's good if prices go down. That means we're becoming more and more productive.

It sucks to look at your paycheck and see it shrinking, sure. But really, that just means that supply of people who do what you do is inflating.

[Anonymous No.11210629]

>>11207661
>No. You do not want to encourage/reward people for just hoarding money. You want to incentivize people to spend or else all industry suddenly grinds to a screeching halt
People are already incentivized to spend by having wants and needs to fulfill.

There's no need to incentivize beyond that- you're just causing society to spend resources on things it doesn't truly value. It's the equivalent of paying people to dig useless holes and fill them back in, but it has the illusion of true productivity for a while. Eventually, people realize that resources have been accumulating somewhere as useless as hole-digging and a lot of people get into trouble. See the burst of the dotcom bubble, the burst of the housing bubble.

If people could sit on their money and only invest it into things truly beneficial to society, we wouldn't have had so much misallocation of resources to tech companies and housing construction.

[Anonymous No.11210646]

>>11207661
>another sign of a severly dysfunctional economy
Btw, please tell me if you consider recessions and depressions to be functional.

[Anonymous No.11210675]

>>11208172
>In the sense that they are investing, sure. Hoarding cash stagnates the actual wealth being created, and it doesn’t matter if you measure it in fiat or crypto: there will be less wealth.
>Inflation out of control is terrible, but saying that deflation is the answer is a sign that you don’t actually understand what you are trying to solve.
Wealth is just stuff.

People don't have less wealth just because a lower circulating supply (e.g., due to whales hoarding) of dollars causes prices measured in dollars to be lower.

And if dollars were infinitley divisible, deflation would cease entirely to have any negative effect, as people can just give less and less.

[Anonymous No.11210739]

>>11210629
This.

The only investing that happens in an economy where money is truly valuable is in actual productivity boosting capital improvements, which creates actual wealth and improves everyone's standard of living. The only things that people spend money on outside of necessities are things that make the pie bigger, or true luxury spending (unlike now where the money is so worthless long term that broke people buy luxuries even).

We would end up with a much less wasteful society with a much higher standard of living.

[Anonymous No.11210816]

>>11206915
Lmao. Enjoy your fiat, NPC.

[Anonymous No.11210863]

>Crypto is not your way out

crypto WAS your way out, if you were early. today you're nearly a decade late to the game. crypto has made it's billionaires, it's multi-millionaires, and they own bitcoin, and they own ethereum. random altcoins stand no chance long term because the financial incentives to fix and support btc/eth outmatch anything some other project can do.

the huge speculative bubble that happened allowed a few late adopters their chance, but now the world has seen a failure 99% of these alts are, they're not going to fall for the same trick again, there won't be anybody willing to hold when things even start to look bad, because they've seen it all before. the wealth and power will continue to centralize with those that got in early, as they continue to have the means and motive to push btc/eth forward while treating other alts as mere speculative toys with tech ripe for stealing and putting into the two major platforms, which becomes trivial when layered networks become the primary way of interacting with both.

[Anonymous No.11210892]

by the way.. it's a market.
Buy + Sell
There are long-term investors usually dumb people.
There are traders - smart people who take advantage of the dumb people.
Made over 0.8 BTC yesterday shorting btc.
As long there are traders the market will exist.
All the rest is not important.

[Anonymous No.11210984]

>>11210863
Stay poor. Its an international stock market and the world is going digital with identities and fully secured backends(blockchain tech). On top of that theres still TRILLIONS to make in this market because manipulators will take it there. Your sense of worth for the dollar is heavily false, you've never seen real wealth because its always been stolen from you and your family. BTC is going to 50k...the other alts will follow out of speculation.

[Anonymous No.11211005]

>>11210863

>crypto has made it's billionaires, it's multi-millionaires, and they own bitcoin, and they own ethereum

>t. bitcoin, ethereum bagholder

[Anonymous No.11211013]

>>11210984
>stay poor
don't see how that's possible when i am one of those early adopters.

>Your sense of worth for the dollar is heavily false
didn't mention the dollar once, can you even read my post?

[Anonymous No.11211027]

>>11211005
whataver makes you feel better about your "promising" alts

[Anonymous No.11211088]

>>11211027

Lol, ETH is my biggest bag mate. I'm just not as delusional as you are. It's very unlikely that bitcoin and ethereum will stay at the top forever, they both have very obvious and huge flaws and they WILL have plenty of competition in the future. You're obviously just a retard who got lucky.

[Anonymous No.11211163]

>>11211088
They were the first. Literally no company who had movers advantage has ever failed.

[Anonymous No.11211339]

>>11210646
>Btw, please tell me if you consider recessions and depressions to be functional
I’d call it collateral damage whenever some retarded segment of society starts investing ludicrious amounts of money into something utterly fucking worthless

just like people were doing with tech stocks in 2000, just like people buying houses for double their true market value in 2008, just like you people are doing with crypto right now

this shit is going to go bust, lots of people are going to lose a lot of money, the market will probably get set back 2 years and we’ll have you geniuses to thank

[Anonymous No.11211368]

>>11210293
>not a boomer NEET
never gonna make it

[Anonymous No.11211752]

>>11210199
>If you don’t see the value in a proper currency you probably aren’t much of an investor.

LMFAO at "proper currency"

There are many things that crypto is, but "proper currency" is not one of them.

[Anonymous No.11211823]

80% of the major crypto projects aren't even past the start up phase.

With major companies like Walmart , IBM, Microsoft coming in this is just the beginning. It takes awhile for mega corporations to integrate new technology into their existing organization.

Furthermore it takes a much longer time for "easy to use vehicles" to be made for the average normie.

A lot of crypto projects are working behind the scenes creating levers and engines for the next rocket to the moon. What dumbfuck thinks their going to post backdoor deals online in such a hyper aware space.

More likely than not we will have another bull run. Since more people are aware of Bitcoin, even more will fomo as the price blasts through 20k...most of you will make it...

You have to remember their has never in history ever been such an event like crypto. Theirs been similar but nothing like it.

If you think crypto is over your fucking retarded beyond comprehension.

[Anonymous No.11211866]

>>11206411
A lot of retards claiming this is stupid when in fact it’s 100% true. Now whether bitcoin goes to 100 Trillion Mcap is another story for a different day but that’s missing the point.

[Anonymous No.11211881]

>>11206558
Underrated

[Anonymous No.11211918]

>>11211823
the bleach anime picture really is the cherry on top

[Anonymous No.11212174]

>>11206558
big if true

[Anonymous No.11212196]

>>11211823
>80% of the major crypto projects aren't even past the start up phase

80% of the major crypto project will never get past the start up phase. Crypto is a scamming machine, build for young naive idiots.

>With major companies like Walmart , IBM, Microsoft coming in this is just the beginning.

None of they are going to buy your shitcoins. If they use blockchain in some minor capacity, it will be of propriatory design.

Do you seriously believe WalMart of any other corporation is run by people retarded enough to tie their operational performance on some meme coin you bought on Binance only to be cashed out by some autistic teenager NEET?

You're a fucking retard beyong comprehension, hoping that worthless internet currency that nobody uses is going to get you out of having to work or invest in real assets whose value grows at reasonable rates corresponding to real underlying utility growth.

There is nothing exceptional or world changing about crypto, you have no idea what crypto even is if you beleve "never in history ever been such an event like crypto". Its just a bunch of simple protocols that utilize the well-treaded waters of cryptographic encryption to arrive at a trustless transaction verification. There is a fucking reason nobody uses this shit, and nobody cares about crypto except what the fiat price is at the moment and how they can jump on the next hype wave, getting more fiat from retards who get hyped about things they don't understand.

[Anonymous No.11212212]

>>11206384
Fuck you nigger. I been living off the 90 btc I bought in 2011 and I have planned a $500/month expense for the rest of my life. I live in a van and never have to work again you disgusting failure.

[Anonymous No.11212447]

>>11212212
>I have planned a $500/month expense for the rest of my life. I live in a van and never have to work again you disgusting failure.

Enjoy living in a fucking van on $500 a month.

You're a real winner.

[Anonymous No.11212482]

>>11212196
>80% of the major crypto project will never get past the start up phase
So it's still a much better percentage than any other industry what's your point again?

[Anonymous No.11212510]

>>11208028
No it's not dumb ass.

Put Bitcoin in an USB or store it in your brain, cross any border.

Try to do it with any asset.

If you still don't see how 1 Bitcoin is worth millions of dollars, kill your fucking self.

[Anonymous No.11212524]

>>11209195
>bald fucktard with meme website has more money than the entire Bitcoin marketcap
>implying Bitcoin isn't still a tiny oddity

[Anonymous No.11212539]

>>11210863
ETH is a fucking shitcoin, stop trying to put it at Bitcoin's level.

Bitcoin is tiny, the real "billionaires" (as you are still brainwashed enough to think fiat matters) will be when the biggest shitcoin of them all collapses in the comming decade as Bitcoin and Asia march towards world domination.

[Anonymous No.11212565]

>>11209182
Stocks are funny because there ARE ponzis and there are actually solid stocks, that either deliver quarterly dividends or nice returns. JAGX IS a fucking ponzi for example.