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18948629 No.18948629 [Reply] [Original]

>exists for 10 years
>still no practical application
lmfao way of the future alright

>> No.18948655

i can park my money without any fees or worries

>> No.18948671

>>18948629
>p-please convince me

>> No.18948675
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18948675

>>18948629

>> No.18948696
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18948696

>>18948629
so may salty bobos, i love it! XD

>> No.18948697

>>18948629
But it does... Just because you can't use it to buy coffee or use it as money for any transaction doesn't mean it has zero use cases. There are plenty of situations where using crypto to buy a service or product is more convenient. And it's way cheaper to send money to someone else via blockchain than via the banking system

>> No.18948703
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18948703

>>18948629
If you're into transparent blockchains, go for BCH and/or BSV. If you wan't privacy, use XMR. Lightning by now is a meme and we don't know if it will work properly in a few years.

>> No.18948718

>>18948629
I've given in, it will still moon like crazy. The narrative is to strong, fundamentals don't matter anymore.

Of course at some point this will pop and bring down the whole crypto market, but that could be 10y from now.

>> No.18948774

>>18948629
it might be the most interesting self-emerging system counter balanced to government controlled systems; and if it can sustain itself, will have value purely for its novelty. If it sustains long enough, it can become a type of money

>> No.18948825

>>18948629
The internet existed for 20 years with no application. Read a book tard.

>> No.18948831

>>18948718
if fundamentals would matter it wouldnt lose 50% over night or just pump 200% without correction for weeks

its just FOMO and greed from idiots and manipulation from market makers. its never been more ridiculous or obvious, not even the 20k rally was as stupid

>> No.18948832

>>18948774
No, it can't. Money has to be fungible and fast. It can become a way to stash away your money and protect it from inflation if you don't fear the volatility.

>> No.18948845

I dunno man, I've got a lot of drugs with this shit

>> No.18948856

>>18948831
I feel the same, but it still feeds itself attracting more and more capital.

In a way it is highly ironic - BTC was created to have a way out of governments creating money like BRRRRRRT.
But now, the price of BTC has decoupled from utility and is propped up by the Tether money printer going BRRRRRRT.

>> No.18948857

>>18948825
Institutions also fudded tech stocks before the dot com bubble. They're fudding bitcoin now.

>> No.18948886

>>18948832
its plenty fast (depending on your levels of trust), with more ways to improve it in the future.
volatility is a function of market uncertainty, completely separate from inflation ,which is why it would take a long time of self sustainability before many would consider it a form of money

>> No.18948910

>>18948629
I mean I acquired tons of kiddie porn using BTC

>> No.18948934

>>18948856
Tether is backed by dollar 100%

>> No.18948945

>>18948856
its just made artificially tedious and against any logical sentiment by market makers. 2 years ago things moved a lot faster with more volatility.

now the things literally play out over months, on purpose I'd say because people are used to fast movements and bounces. now, if you miss the train, youre fucked. eventually it will drop, but it can also mean waiting 6 months.

the market is just there to incite FOMO these days, over a long period of time, against logic or reason.. and then it will drop very fast again and then also stretched over weeks so you don't dare to buy any falling knife. its literally impossible to call a bottom or top safely. you just need to DCA and have a lot of patience these days.

>> No.18948962

>On the Instability of Bitcoin Without the Block Reward
https://www.cs.princeton.edu/~arvindn/publications/mining_CCS.pdf
The most in-depth paper written on bitcoin EVER
Princeton university

>Beyond the doomsday
economics of “proof-of work” in cryptocurrencies
Monetary and Economic Department
https://www.bis.org/publ/work765.pdf

Bitcoin wont work without block rewards, lmao. THe halvening is not good, its bad

>> No.18949010

>>18948945
or just play the range and keep buying $5k selling $10k (like they want you to do), we can yoyo propel this shit up over time, rekting the noobs as initiation

>> No.18949012
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18949012

>>18948655
This

>> No.18949016

>>18948629

HAHAHAHA GET A LOAD OF THIS DUMB FAGGOT

>> No.18949298

>>18948962
>Bitcoin wont work without block rewards, lmao. THe halvening is not good, its bad

Block rewards exist until 2140 retard.

>> No.18949357

>>18948934
Exactly my point. Now, BTC is also backed by USD which gets printed like not tomorrow

>> No.18949371

>>18948703
good advice for when crypto is starting to be actually used. we are right now just still in the speculation phase.

>> No.18949461

>>18948655
>without any fees
try moving them without fees
>without any worries
yeah, except just one - that it will lose value and drop to $0.00

>> No.18949468

>>18948629
Shit-tier FUD, Pajeet. Go back to your hut

>> No.18949528

>>18949357
It's just helping btc until it's ready to fly on its own.

>> No.18949747

>>18948629
You had 11 years

>> No.18949769

>>18949461
these both apply to fiat as well

>> No.18949781
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18949781

>>18949461
>try moving them without fees
oh no, i had to pay 50 cent to move a billion dollar worth of btc in 20 minutes...

>> No.18949800
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18949800

lol the same fud for 5+ years now.

>it had no use
>dinosaur
>7 tps
>my shitcoin does it better
>tether

bitcoin doesn't care. get absolutely fucking FUCKT.

>> No.18949804

>>18948629
> store of value
OP btfod

>> No.18950591

>>18948629
you can do the same as you can with gold.
Only its digital.
It's digital gold, Jerry! Gold!

>> No.18950638
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18950638

>>18948629
Turned to shit tier a long time ago.

>> No.18950695
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18950695

>>18948934
lol no

>> No.18950738

>>18948629
Honestly thinking about just dumping my entire crypto stack. This shit is all garbage.

>> No.18950779

>>18948629

I know how much bitcoin there will ever be, I know how much % of the global bitcoin I own.


I have a gold bar, I wonder how many gold bars there are..huh..*Shrug*

>> No.18950840

>>18949461
>"park my money without fees"
>but it costs to move it
Shut the fuck up retRd

>> No.18950848

>>18948886
>its plenty fast
kek

>> No.18950855

>>18948629
lol
bankcuck

>> No.18950875

BTC only moves with the stock market. The 60% March crash shows that it isn't a hedge against economic disaster. You're picking up scraps from the stock market while believing that you're engaging in, or profiting from, something revolutionary.

Perhaps you'll retort that you're hodling. But the fundamentals of BTC are horrible, so that it has no long-term future either. We saw what happened when it went to $20,000 before: $100-fees. Three-day waiting times. The code is irrevocably neutered by Blockstream. You can only solve the problem to a minuscule extent with third-party and second-layer solutions which wipe out privacy, and enslave you to banks and financial institutions. BTC has absolutely no use-case, and is propped up merely by speculation. Mean-while, everyone who bought over $10,000 is still holding the bag three years later.

If there is a future for crypto, it's probably going to be BCH or XMR. What we can say with certainty is that it won't be BTC. Ride the pump up if you're already holding, set a stop-limit, and then, when it begins to fall, cash out while you still can.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7

>> No.18950892

>>18950875
>Perhaps you'll retort that you're hodling.
I'll retort with the fact that it already recovered
meanwhile the stock market is nowhere near.

Get fucked.

>> No.18950893
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18950893

>>18950875
Remember they have to print hundreds of millions to keep this scam afloat.

>> No.18950935

>>18948697
buying coffee is for fiat shit currency.

Bitcoin is great. I sent my Dad some cash from abroad and the banks wanted to hit me for $75 in fees. I said fuck that and paid like 50¢ instead and send my Dad BTC. He cashed out and got his money with minimal fees. I total, maybe we paid like $5.

>> No.18950997

>>18950935
Only works because no one is using bitcoin right now.

>> No.18951015

>>18948655
b- b- but that's not buying coffee

>> No.18951029

it will fail to breK 10K, and that will put in perspective the state of BTC right now. If it can´t even break 10k which we reached with ease in 2017, it´s clearly in a downtrend. Can´t even break 10k when the biggest event in bitcoin history, the halvening is 3 days from now.

Anyone with an iq above 125 can see where this is going. 20k was the all time top, 10k will be the top from here on forward. In the next two years it will linger between 3k and 10k, and after that fall below 3k.

As time goes on it´s just becooming more and more appearant that BTC has no future. The tech is shit, it has no compelling use case, it´s slow and complicated, LN is a mess, and transaction costs will continue to rise. And as the block rewards gets phased out, the hash rate will collapse, and miners will leave the sinking ship. Every smart person in the crypto spcae knows that bitcoin will not work without block rewards, it´s literally close to impossible.

>> No.18951032

>>18950875
It's 10k rn in a crisis

>> No.18951059

>>18948825

Internet was an application from its very inception.

>> No.18951109

>>18948629
I'm actually selling it right now and going all into ether.

>> No.18951121

>>18949461
Robinhood doesn't charge fees to move them to a wallet and there are no fees on purchases or sales. You're a retard. Kys.

>> No.18951204

>>18950875
Imagine thinking crypto is reliant upon the NYSE in any shape or form. Literal boomer logic you have there.