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17953298 No.17953298 [Reply] [Original]

So, what's the verdict on Bitcoin and crypto? Is it here to stay? Why was the crash so heavy, it can't just be pure panic, right? I didn't sell shit, but still.

>> No.17953381
File: 1 KB, 477x539, 1479266655359.png [View same] [iqdb] [saucenao] [google]

institutions that never had much faith in crypto to begin with but kept a small percentage in their portfolio as a hedge all panic sold. wonder why stablecoins are struggling to keep pegged at a dollar? hint: institutions didn't use stablecoins

>> No.17953392

shit coins have no intrinsic value. Stop gambling

>> No.17953403

does any currency have intrinsic value?

>> No.17953415

I'm not gambling.

>> No.17953475

BTC's only purpose is to be a black market currency

>> No.17953501

Is this comic anti-crypto or pro-crypto? I mean it is a bubble on all those pages

>> No.17953533

No currency doesn't either. That's why non-retards invest in assets with value outside of trading like property, stocks and gold. You can actually do something with those things unlike these retarded coins. Do people invest in Yen? or Euros?

>> No.17953643

Each panel the bubble is more advanced.

>> No.17953648

Don’t post that facists webcomics please

>> No.17953669

how you doing tonight, Rabbi?

>> No.17953695

Still a bubble though

>> No.17953706

fuck off reddit

>> No.17953733

Stocks are artificial. Even more so than crypto.

>> No.17953734

he can post whatever the fuck he wants "crypto cop"

>> No.17953763
File: 158 KB, 1199x1359, NorfGent.jpg [View same] [iqdb] [saucenao] [google]

Thanks for the bump.

>> No.17953850

this is how you get it posted more faggot lol

>> No.17953872

I think BTC is really more closely moving with oil prices. This would make sense because oil affects energy prices, and mining uses energy. But also if you look at the timing and magnitudes of the moves, I think BTC follows oil more than s&p. Of course s&p lead oil and oil can lead s&p but this is semantics. BTC follows oil.

>> No.17953880

It's a speculative market that only serves to rope in idiots that scam each other.
How did I come to this conclusion? With this pandemic shit now was the best time to see the worth of BTC. And what happened? It crashed.

>> No.17954122

Cryptocurrency is a low cap, free market that trades 24/7 with no circuit breakers. It crashed the way that the stock market should have crashed and it's already recovering.

>> No.17954460

>So, what's the verdict on Bitcoin and crypto?

Scam propped up by pure greed. Satoshi invented a decentralized casino.

>Is it here to stay?

It's a money making machine and, to a lesser extent, currency for black market goods. As long as there's greed and the need for drugs and child porn, crypto will continue to exist.

>> No.17954728

crash is heavy because whales can dump and accumulate for cheap while everyone else has less cash on hand and bearish sentiment

>> No.17954758

also because bitcoin was just as overvalued as stocks because of cheap credit. zoom out

>> No.17955118


>> No.17955386


>> No.17955476


>> No.17955559
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1) decentralized
2) trustless
3) borderless (portable)
4) counterfeit proof
5) highly divisible
6) censorship-resistant
7) sits outside of legacy financial structures (which carry huge systemic risks at this point of the cycle)
8) always accessible (you control the keys , no counterparty)

>> No.17956542


>> No.17957271

lol, factually WRONG.
Buy ARPA for the oil of the future though

>> No.17957894

nigger faggot

>> No.17957896

Good, definitely a lot of potential or the projects which scale and have a good user experience
Pioneer tech killed by blockstream and corecucks, doesn't work as a store of value, doesn't work as a payment system, only works as a trading pair and gambling object for speculators (who are getting milked by exchange).

>> No.17958797

Look at the 3 charts, shill.

>> No.17958861
File: 47 KB, 1067x600, pepey.jpg [View same] [iqdb] [saucenao] [google]

Here's the secret
Buy when it crashes, sell when it booms
You know it's time to sell when they start talking about new paradigms and other pseud shit