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11318611

1 BTC = $6400-$6,600 Anonymous Sat Oct 6 22:55:07 2018 No.11318611 [Reply] [Original]

Did you consider that maybe the market has simply discovered the correct price?

Isn't that a good thing?

Half of the cryptosphere is crawling in its skin because Bitcoin is no longer volatile. But they do realize that, in order to actually be functional, a currency should not be fluctuating by double-digit percentages, and certainly not 2x or 3x or 10x'ing? Right?

Functionality and value-stability IS the goal, right? Well, it looks like stability has been achieved! So shouldn't the cryptosphere be celebrating? That's funny though, they're not! They're bored and anxious.

If I didn't know better, I'd say it's almost like the vast majority of the interest in BTC is in it rising in value versus USD, not in how it will "change society for the better." But of course, I'd never be so cynical as to believe that this is the true motive!!!

>>	Anonymous Sat Oct 6 23:11:30 2018 No.11318710 >>11318611 Once it starts actually getting used as a currency the current price fundamentals will be irrelevant.

>>

Anonymous Sat Oct 6 23:14:35 2018 No.11318720

>>11318611

>If I didn't know better, I'd say it's almost like the vast majority of the interest in BTC is in it rising in value versus USD, not in how it will "change society for the better."

Of course, if bitcoin was a stablecoin no one would have ever even heard about it.

>>	Anonymous Sat Oct 6 23:15:58 2018 No.11318725 File: 244 KB, 630x630, 1533666373965.jpg [View same] [iqdb] [saucenao] [google] >>11318611 It's a good thing for altcoin investors. Imagine a never ending bull market for alts. So many people would become rich overnight. Even more so than BTC.

>>	Anonymous Sat Oct 6 23:18:58 2018 No.11318737 >>11318710 how many bushels of wheat do you feel should be purchasable with a single bitcoin

>>	Anonymous Sat Oct 6 23:19:33 2018 No.11318741 >>11318611 no shit we wanna be rich you hoe

>>	Anonymous Sat Oct 6 23:20:59 2018 No.11318753 >>11318611 inb4 100K and stop

>>

Anonymous Sat Oct 6 23:21:15 2018 No.11318755

>>11318710

>Once it starts actually getting used as a currency

Only delusional bitcoin maximalists even see this as a possibility. It couldn't even handle the transactions of one small town if everyone there actually used it as a currency, let alone a whole country or the world.

>>

Anonymous Sun Oct 7 02:37:36 2018 No.11319662
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>>11318611
bitcoin never will be able to fucntion as a currency
tansaction times are laughing matter
a simple transaction has the electric cost of ~ $140
Running the network uses the electricity consumption of a country sized Chech +Slovakia
It's only a speculative asset with no underlying value. Bitfinex is insolvent already, that is a clear signal people abandoning the ship. The moment they crash, panic witrhdrawals start on other exchanges, bankrupting of them all
it's over

>>

Anonymous Sun Oct 7 02:43:58 2018 No.11319692

i play 453D chess... the price of bitcoin is controlled by a few individuals.. they need an ETF approved for bitcoin to reach new ath... one of things that would help get approved is if bitcoin was less volatile, so they keep price around 6,000 artificially. why 6000? because that keeps btc market cap just above 100bn which is required for futures... etf requires futures. now buy tomo. its the next antshares

>>	Anonymous Sun Oct 7 02:45:38 2018 No.11319700 >>11318611 Have you considered that the "correct price" might be a function related to the "current price"?

>>	Anonymous Sun Oct 7 03:00:29 2018 No.11319748 >>11319692 This, ((they)) are prohibiting the whales from barting so SEC approves ETF and they can all get rich

>>	Anonymous Sun Oct 7 03:04:08 2018 No.11319761 File: 292 KB, 1024x1024, 0lYU-UYX[1].jpg [View same] [iqdb] [saucenao] [google] >>11319748 >>11319692 oh shit.......

>>	Anonymous Sun Oct 7 03:21:04 2018 No.11319819 >>11319692 Normans and brainlets don't need to know this bruh

>>	Anonymous Sun Oct 7 03:28:02 2018 No.11319838 >>11319692 Yet another reason why BTC won't go lower than $6k anytime soon. (((They))) know this and are trying to fud BTC everywhere saying we're going lower than $6k.

>>	Anonymous Sun Oct 7 03:29:06 2018 No.11319842 >>11318710 Lol this guy. Bitcoin wont ever be used

>>	Anonymous Sun Oct 7 03:31:08 2018 No.11319849 Sooo u are saying the entire fiat system plus derivatives which is soon to implode that is worth Trillions and trillions will be absorbed by 100bn MC of Bitcoin. lmao.

>>

Anonymous Sun Oct 7 05:21:46 2018 No.11320288

>>11318611
BTC cannot have a "correct price" without using bitcoin it in the real world. But the price is always the correct price defined by the market.
But as soon as the daily usage of bitcoin will increase, also the price will increase, because more and more people are transfering a big part of their fiat in bitcoin. The snake bites her tail.

>>	Anonymous Sun Oct 7 05:26:51 2018 No.11320312 >>11319662 Its >Czech you fucking brainlet.

>>	Anonymous Sun Oct 7 05:35:33 2018 No.11320344 >>11318755 MUH LEIGHTNEN NUTWORK

>>	Anonymous Sun Oct 7 05:37:37 2018 No.11320354 >>11319692 >the price of bitcoin is controlled by a few individuals >they need an etf approved for bitcoin to reach new ath

>>

Anonymous Sun Oct 7 08:22:11 2018 No.11321111

>>11318611

Nope. Why? Usage, there basically isn't any. So this is stagnation, not stability. Now XMR, arguably that's different since it's already fulfilled it's purpose as the international, untraceable black market value store. But BTC really has just flat-out failed entirely.

>>	Anonymous Sun Oct 7 08:46:37 2018 No.11321197 >>11320354 kek

>>	Anonymous Sun Oct 7 08:47:30 2018 No.11321203 >2018 >still thinks Bitcoin is a currency

>>	Anonymous Sun Oct 7 08:48:34 2018 No.11321211 >>11318611 1 btc isnt 6500 usd 1 usd is 1/6500th fraction of btc btc is the new paradigm for value no one will give a shit about the boomer fiat soon once the boomer backing dies out

>>	Anonymous Sun Oct 7 08:52:09 2018 No.11321221 There are so many whales that it will never be stable. Distribution shrinks over time so btc is DOA as are all other coins currently. The market is about to value btc at its real $0 value overnight. Calm before the dump.

>>	Anonymous Sun Oct 7 08:54:28 2018 No.11321237 >>11320288 Money is transferring out of bitcoin faggot into whale pockets. That's all this market does.

>>	Anonymous Sun Oct 7 09:25:50 2018 No.11321414 >>11321211 this desu! we wuz sovereign citizen n shieeeeeeeeeeeeet

>>	Anonymous Sun Oct 7 09:29:21 2018 No.11321432 >>11321111 If XMR were currently used for such a purpose, it would be worth thousands

>>	Anonymous Sun Oct 7 11:58:56 2018 No.11322275 >>11318710 >when gold finally becomes a currency

>>	Anonymous Sun Oct 7 13:09:13 2018 No.11322730 >>11318611 >Bartcoin ^fixed

>>

Anonymous Sun Oct 7 15:04:34 2018 No.11323593
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>>11319692
You're incorrect. 100 billion market cap is not required for CME futures. Go research. Also, tomochain is way over bought. It's a 4x if it reaches previous highs and it's rank is 164, no fucking thank you. There's other coins in that same rank area with a MUCH higher return, like 10-20x. Fuck off shilling faggot.

>>	Anonymous Sun Oct 7 15:24:23 2018 No.11323754 >>11318611 >Did you consider that maybe the market has simply discovered the correct price? at current level of adoption and outlooks nigga

>>	Anonymous Sun Oct 7 17:16:22 2018 No.11324694 File: 527 KB, 500x375, bch1.png [View same] [iqdb] [saucenao] [google] bitcoin is cash

>>	Anonymous Sun Oct 7 17:25:08 2018 No.11324760 >>11319692 >its the next antshares topkek anyone who takes this post seriously is a newfag