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17818384 No.17818384 [Reply] [Original]

Bitcoin failed store of value test, prices will drop a lot more!

Hi guys,

I hope you had a corona free weekend and used the time where you have been put to quarantine, home office work and such to study charts and market sentiments.

Let's face the disappointing and obvious bad news for bitcoin that will make it dump even more:

1. Bitcoin failed as a store of value, it's NOT a safe heaven in times of crisis, it does NOT store any value for you.
2. The majority of trading volume is suspected to be fake.

That it's slow and without smart contracts and very energy consuming is old news but worth to keep in mind, no one is fixing these issues.

This means 2 things for Bitcoin prices:

1. Now that people realized that bitcoin cannot keep the promise of being a store of value they will sell even more.
2. It can easily go down multiple thousands of dollars, it can fall so easily and your big stack can be worth nothing in a matter of days.

Why?
Simple reason: People who trade on crypto and stocks have the same mentality: When prices go up a lot they buy in fear of missing out, when prices drop they sell, well in fear of fear lol.

Have a good weekend and work on growing plants, knowledge or other things that are actually worth the time and money you spend on them and will give you value back.

This is no investment advice, trade at your own risk. No numbers included since it wouldn't work to predict exact numbers.

>> No.17818399

>>17818384
Bitcoin really dead this time, sir. Really.


kys

>> No.17818405

>>17818384
youre not getting my satoshis, filthy kike.

>> No.17818411

$1k

>> No.17818415
File: 159 KB, 1828x902, 0y9QESJ3-1.png [View same] [iqdb] [saucenao] [google]
17818415

Yes goy Bitcoin is dead, it has no value.

>> No.17818422

>>17685135

OP is right

Normies are all saying "BUY THE DIP"

there is no dip.

>> No.17818433
File: 2.56 MB, 2048x945, 0BA5C143-B293-416C-A81D-EE1D4068F866.png [View same] [iqdb] [saucenao] [google]
17818433

>That it's slow and without smart contracts and very energy consuming is old news but worth to keep in mind, no one is fixing these issues.
0 conf
Turing complete
STIFF!!!

>> No.17818437
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17818437

>>17818384

>> No.17818444
File: 47 KB, 1636x944, Falling-wedge-pattern.png [View same] [iqdb] [saucenao] [google]
17818444

Fake break out

>> No.17818477

>>17818422
Thanks,

I know, let's stop this "crypto is a store of value" shouting if it's not the case anymore.

With all this fake trading and clone coins bitcoin has the stability of a house that is built out of toilet paper lol.

Once the wind is blowing a bit it breaks down and collapses

>> No.17818486

>>17818422
kill urself shitskin

>> No.17818495

i was bearish on btc but this post made me bullish.

>> No.17818505

>>17818399
>It has never died before so it can’t die now even though they keep changing the protocol!

Kys

>> No.17818509

>>17818495

Because you think reacting like this is the only way to save whatever dust is left of your once highly valued crypto coins?

>> No.17818513

>>17818415
1.7T USD mcap is still only what the FED printed in one day

>> No.17818526

>>17818505
>Price is down and they 'keep changing protocol' so bitcoin must be dying !!!1!

KYS

>> No.17818557

Sold 1/3. I’m wondering if I should sell up to 1/2.

>> No.17818563

>>17818384
>That it's slow and without smart contracts
Lack of smart contracts may be a good thing as demonstrated by the MakerDAO debacle

>> No.17818566

>>17818384
Will you guys lose your will to live once BTC dies and you have nothing to shitpost about?

>> No.17818609

>>17818384
Sold all my Bitcoin. It’s over guys. RIP

>> No.17818614

I hope it will take you another year to realise that corona will crash the entire monetary system and bitcoin is the only way out. enjoy buying the top you fucking retards.

im accumulating and idgaf what you subhuman IQ tards say

>> No.17818629
File: 1.22 MB, 498x294, tenor2.gif [View same] [iqdb] [saucenao] [google]
17818629

>>17818384
DRNS

>> No.17818647

>>17818399
Bitconnect is a scam guys it only went up it will die this time lmao XD

kys

>> No.17818656

>>17818384
There are enough of these posts to assume they're sponsored content. I expect to see the narrative build on Twitter.

We really ought to join in amd start calling for $400 or some number that's low enough to make, whichever group is paying for this shit, go dark.

>> No.17818701

>>17818563
There are a lot of things working on ETH. Maker is just fucking incompetent. They have lowered the auction time from 3 hours to 10 minutes last year, this led to the debacle.

>> No.17818706

>>17818614
the mass hysteria virus scare pushed through the mainstream media by elites with an agenda has jack shit to do with the financial system collapsing
repo operations began in September last year, long before the scare and hysteria

>> No.17818713

>>17818647
Yes, bitcoin is like bitconnect. Even sound the same guys. Bitcoin worthless and price down. Sell now, thank friendly OP.

>> No.17818923

>>17818706
yeah, wait for the first banks to go bust people to lose trust in FIAT and then talk to me again

>> No.17818977

>>17818415

He said "store" of value. Keep up and pay attention.

Comparing Bitcoin to the dollar changes nothing about Bitcoins limitations. Derp look over there! Dollar!

>> No.17819011

>>17818656
100%

>> No.17819037

>>17818384
As if Bitcoin has never failed that "test" before.

>> No.17819040

>>17818477
>toilet paper

based, just bought 100k. Thanks

>> No.17819057

>>17819011
>>17818656
take your meds
crypto got exposed

>> No.17819121

>>17818384
wait for the first bank failures then we talk about store of value
most trade volume being fake is good thing, meaning this recent move was one big manipulation
holdings in dormant btc adresses are still huge, accumalation is still ongoing

>> No.17819147

>>17818384
Maybe it’s tied to energy prices, we saw oil drop then bitcoin drop

>> No.17819166

>>17818415
>the top is now at $100,000
Every time I see one of these charts, the top is always smaller. First some clown predicted a $420,000 top two years ago, then it was $180,000, now it's $100,000

>> No.17819171

>>17819057
Hahahahahahahaahahhaah you’re pathetic

>> No.17819175

>>17818923
uh, the banks are already starting to see runs and go bust, moron

>> No.17819188

nowhere in the whitepaper does 'store of value' exist.

>> No.17819281

>>17818384
Indeed it's trash but it doesn't matter anymore, one or two coins with actual scaling and good user experience will become the de facto payment coins of the internet in the coming years.