BTC failed as store of value

[Anonymous No.17819165]

how do you cope with this?
How can you buy this shit again?

[Anonymous No.17819226]

>>17819165
>paid fud

[Anonymous No.17819227]

I'm out of this market. When this shit is <1000$ and miners stop mining because it's no longer profitable, the chain freezes and the exchange freezes your funds and the cashout exchange stop operating, it will be fun to watch.

[Anonymous No.17819296]

>>17819227
Won't be hard to annihilate all the bears when things get really bad. Crypto is never going to die but we could see 2-3k although I highly, highly doubt it.

[Anonymous No.17819306]

I sold my BTC. I believe it actually could go to three digits since the store of value narrative is probably done for

[Anonymous No.17819315]

When the market recovers this fact will remain
It will be the new ammo for the next few years

[Anonymous No.17819332]

>>17819227
when the miners stop, the difficulty lowers and it becomes profitable again

[Anonymous No.17819349]

>>17819165
Heh
I'll see you boys on the moon.
Nothin personnel

[Anonymous No.17819378]

>>17819227
the difficutly will go down when miners go out of business. how dumb are you to not realize this.

[Anonymous No.17819618]

why did it failed as store of value?

[Anonymous No.17819678]

>>17819618
uuuuuh, maybe when it lost over 50% of its value over the course of a few days, I dunno

[Anonymous No.17819735]

>>17819618
it dumped along with the DOW

[Anonymous No.17819747]

$2k is very possible at this point.

[Anonymous No.17819757]

>>17819165
gold and silver have dumped too fgt

[Anonymous No.17819788]

>>17819165
People don't want to hear this, but the market needs to prioritize utility tokens over multi-level marketing schemes. If that ever happens (it won't), Cryptocurrency can finally become as successful as the internet, by working hand-in-hand with the internet.

Until then we're just going to have retarded charlatans shouting about how Bitcoin is the future for decades as the price remains stagnant and the trading volume slowly fades away.

[Anonymous No.17819807]

>>17819227
I think you win today's prize of the most stupid on biz.

[Anonymous No.17819848]

>>17819735
This is a false narrative, unsupported by the evidence but is being heavily shilled here.

[Anonymous No.17819909]

>>17819165
how can you not buy something when it has a -50 % Sale sign on it ?

[Anonymous No.17819913]

>>17819165
This happened because of an unnecessary rate drop. Intended to prevent a recession, it actually caused a rush for new/refinanced loans. Which caused a liquidity crunch late last week.

Any cryptocurrency that positions itself to back retail lending will be in high demand.

[Anonymous No.17820081]

>>17819909
Becuase its shit that nobody wants?

[Anonymous No.17820128]

>>17819678

And? It has dumped worse than that in the past on numerous occasions

[Anonymous No.17820183]

>>17820128
yes, thanks for proving my point further
BTC is not even remotely a store of value confirmed

[Anonymous No.17820199]

>>17819226
This

[Anonymous No.17820223]

>>17820081
if nobody wanted it the price would clearly be 0 $ and not 5000 $ you fucking retard

[Anonymous No.17820263]

>>17820128
Err no it hasnt
The dump was the worst ever in a single day

[Anonymous No.17820278]

>>17820223
You only need to just wait

[Anonymous No.17820326]

>>17820223
>bitcoin has any kind of inherent worth

FUCKING KEK

[Anonymous No.17820345]

>>17820223
$0 is exactly where it will end up

[Anonymous No.17820348]

>>17820223
Give it time anon. Once the whales and exchanges see no point in the charade it all goes to $0

[Anonymous No.17820370]

>>17820326
Nothing has inherent worth. Value is subjective.

[Anonymous No.17820403]

>>17820223

if Bitmex hadn't of shut off during the dump it could have easily gone all the way down to 0, there was hardly anything left on the buy side

[Anonymous No.17820886]

>>17820403
>hadn't of
remarkable how people like you manage to remain alive

[Anonymous No.17820920]

Just bough 20$ worth yesterday. First crypto I own lol. I guess I won’t mind losing 20$

[Anonymous No.17821061]

>>17819165
>Western markets ban bearish investments like short-selling for 6 months.
>Bitcoin gets out from under the heel of wall street contracts.
>Regular stocks still do poorly because it is a bear market.
>A new BTC narrative of it repeating its 2017 bullrun, but bigger this time, emerges.
>BTC hits a new all time high that falls short of what the media predicts but still makes people rich as fuck.
When old businesses start flagging in summer 2020, people will be looking for something new and the crypto fags will not be up to the task. They'll shit on each, shit in their hands and throw it at the wall, and generally act like a puppy that ignores its training and pisses and shits up its home. But, there is an opportunity here if they don't act like complete faggots.

[Anonymous No.17821099]

>>17819165
>how do you cope with this?

Easily, by knowing how to trade properly.

[Anonymous No.17821119]

>>17821061
you forgot
>the BTC network implodes again as the mempool congests and fees skyrocket when usage picks up over 10 txs/s

[Anonymous No.17821170]

>>17821061
>new narrative of btc breaking ath
>new

[Anonymous No.17821193]

>>17821119
Yep. Lightning Network isn't going to save the day. Crypto in its current state, is headed to zero while countries will distribute their own digital fiat using blockchain as the ledger.

[Anonymous No.17821194]

>>17819378
2 weeks retargeting on a 10 timeframe. if the hashrate crashes by half, the retargeting will get pushed further and further behind. worst retargeting mechanism invented. nice one satosh

[Anonymous No.17821826]

>>17819848
Is there proof that it was actually an accidentally triggered liquidation bot?

[Anonymous No.17821850]

>>17821826
if i remember correctly almost 1 Billion worth in longs got liquidated.
If Bitmex didnt suspend trading we would have dumped down to zero, unironically

[Anonymous No.17822109]

>>17821193

No theyll just use BSV

[Anonymous No.17822168]

>>17819165

[Anonymous No.17822209]

>>17819757

This is key.