BTC is just Tulip Mania 2.0

[Anonymous No.28140455]

> Bitcoin is like digital gold!
No, because a bar of gold doesn't include its entire transaction history. You do not risk being audited if the gold you bought happens to have been used for illicit transactions at some point in the past, even though you yourself have done nothing wrong.
> If I buy from legit exchanges, I don't risk holding tainted BTC!
Alright. In that case, I hope that you're still okay with everyone whom you're transacting with knowing how much BTC you hold, and what you have been buying with it. A BTC wallet is the equivalent of having a bank account whose balance and transaction history is completely out in the open, forever. Is this what you want? No amount of shuffling funds around different addresses is going to conceal your activity in the face of a competent adversary.
> But I heard bitcoin is anonymous!
This is simply false. Your anonymity ends the moment your address transacts with an entity that knows your identity (this includes the exchange you bought it from). Anonymity was a reality before KYC laws, but those times are long gone.
> But I heard it's the new money!
The supply is capped, and the inflation rate is decaying until the cap is reached. So long as the bubble keeps inflating, demand will outpace supply and the price of BTC will keep increasing. Why spend your bitcoin on a Chevy today, when you could buy a Tesla tomorrow? Why spend it on a Tesla tomorrow, when you can buy a Rolls Royce in a week? As you can see, people do not have an incentive to buy goods and services using bitcoin. Do you see any problems with that?

As more people get into the hype, the cracks will become more apparent. Guess what happens next?

[Anonymous No.28140954]

>>28140455
Self-bump. Let's hear some counterarguments from the HODLers.

[Anonymous No.28141233]

>>28140455

Go back to 2017 Boomer. What an absolute waste of dubs.

[Anonymous No.28141334]

>>28141233
I'm millenial/zoomer. Is this all you got, or do you have an actual point?

[Anonymous No.28141854]

>>28140455
Yes, tulips too were an elegant solution to the double spending problem.

I swear 95% of you retards who hate bitcoin because:
>muh energy use
>muh currency
>muh intrinsic value
>muh no coin salt
... haven't even read the paper

https://bitcoin.org/bitcoin.pdf

Read the paper.

Bitcoin is a remarkable technical achievement. It's not going anywhere.

[Anonymous No.28142005]

>2060
>OP is on his death bed
>"grandpa why do you have to die, can't you afford life extension treatments?"
>"well shanequa, you see all of my money was in FIAT, life extension treatment costs an entire BTC and that would take 30 years of working full time for me to save up..."
>"Why didn't you buy at the bottom and hold grandpa?"
>"Because... I'm a NIGGER"
>and then you die

[Anonymous No.28142096]

>>28140455
Did you actually enjoy wasting so much of your time writing so much shit?

[Anonymous No.28142215]

>>28140455
You don't fundamentally understand what Tulip Mania meant/was.

[Anonymous No.28142424]

>>28141854
The double spending problem has nothing to do with any of what I have mentioned, making me think that you read the whitepaper two days ago and just came here to show everyone how much of a smart boy you are. Do you want a cookie? Or do will you open your eyes to bitcoin's shortcomings, and the fact that some of its competitors actually solve the problems I have mentioned? (none of which, I can assure you, face the double spending problem...)

[Anonymous No.28142555]

>>28140455
Stay poor, faggot.

[Anonymous No.28142562]

The fact that absolutely nobody in this thread has even attempted to argue against my case is the only sell signal you'll ever need.

[Anonymous No.28142659]

>>28142424
You're just too smart to post here.
Better leave before you lose all your money.

[Anonymous No.28142706]

>>28140455
You are not wrong. Bitcoin is literally a number backed by chinks on buildings churning useless entropy. I already sold the top.

[Anonymous No.28142805]

>>28142562
I didn't even read your argument.

[Anonymous No.28142824]

>>28142706
>I already sold the top
It hit ATH after you made your post

[Anonymous No.28143118]

>>28140455
How hard is it to look up btc coinjoin? Just use some shit like whirlpool or wasabi or tornado.cash for eth

[Anonymous No.28143271]

>>28143118
The shills don't look past their FUDsheets

[Anonymous No.28143275]

>>28142824
>you didn't exactly time the blow off top
big whop

[Anonymous No.28143277]

>>28140455
Your fud sucks it's like gold in the sense it's basically just an inflation hedge and when it becomes less volatile you just take out collaterlized loans why would ever spend it on consumer goods and it's better then gold good luck leaving any country with a kilo of gold and it's so heavily audited with super strict aml laws not talking about the gram you bought off ebay

[Anonymous No.28143356]

>>28140455
I agree it is nothing but a tulip ponzi scheme but bruh you want me to teach you how to anonymize and hide your btc?

[Anonymous No.28143424]

>>28140455
>Guess what happens next?
You use monero

[Anonymous No.28143467]

>>28140455
checked mate
correction when?

[Anonymous No.28143476]

>>28143275
When do you expect the dollar to reign itself back into place?

[Anonymous No.28143537]

>>28143118
>>28143356
Bitcoin tumblers solve anonymity at the cost of (mining fee + tumbler fee) * tumbling frequency. Last point still stands. Thank you for actually making a point unlike everyone else so far.
>>28143424
DING DING DING DING DING

[Anonymous No.28143556]

>>28140455
have fun staying poor

[Anonymous No.28143628]

>>28140455
bitcoin doesnt wither

[Anonymous No.28143708]

>>28140455
TLDR get rich or mai tai'in.

[Anonymous No.28143793]

>>28142424
>>28140455
>I hope that you're still okay with everyone whom you're transacting with knowing how much BTC you hold
I think you are confused about how it actually works.

>A BTC wallet is the equivalent of having a bank account whose balance and transaction history is completely out in the open, forever. Is this what you want?
Your analogy is strained. A wallet can hold any number of private keys. Depending on the pattern of transactions, it could be challenging/impossible to associate the corresponding public keys with one person/wallet.

>Bitcoin is not anonymous
That depends. If you mined a bunch of it 10 years ago, it might as well be.

[Anonymous No.28143850]

>>28140455
DO YOU REALIZE THAT IF BTC DIES IT WOULD TAKE DOWN ALL THE CRYPTO MARKET WITH IT? INCLUDING YOUR SHITCOINS, FUDDING FAGGOT

[Anonymous No.28143884]

>>28143537
I didnt say anything about a tumbler now did I?

Go to a btc poker site and make an account. Use a proxy and make another account. You can do this by using two browsers at once and entering a proxy address in one of the but not the other. You can figure out how to do this pretty easy just by jewgling it and you can find 1000's of free proxy servers to use.

Sign into both accounts at the same time and go to a heads up table with both accounts, just your two accounts a table that only seats two people and just dump to the other account.

[Anonymous No.28143975]

Tulip mania was much more based. Would love nothing more than to spend time at the bar drinking beer and trading futures contracts on tulip bulbs with no collateral.

[Anonymous No.28144118]

>>28143850
you right and its still overhyped. correction is a natural order.

[Anonymous No.28144132]

>>28143850
>DO YOU REALIZE THAT IF BTC DIES IT WOULD TAKE DOWN ALL THE CRYPTO MARKET WITH IT?
Do you think I don't know that??

[Anonymous No.28144133]

>>28143884
>How to pay vig while putting yourself at risk to a man in the middle attack.
Why don't you just use a coinjoin technology and never lose control of your keys?

[Anonymous No.28144172]

>>28143537
alternatively you can send it to a deep web drug site and deposit it then wait a little while and withdrawal it to a different anonymous wallet. It wont use the same address twice

[Anonymous No.28144273]

>>28144172
lol, do this.

[Anonymous No.28144277]

>>28143884
based
>bitcoin? no officer I lost it all in a poker accident

[Anonymous No.28144290]

>>28140455
Wow I remember people memeing this copypasta back in 2018, and in 2015. Kys

[Anonymous No.28144293]

>>28144133
you can do a sit and go bub you dont have to pay a rake. I mean it isnt free obviously but you can dump a few grand for about 50 bucks,

[Anonymous No.28144319]

>>28143476
when did he say he sold for dollars?

[Anonymous No.28144389]

>>28144277
this is how you can keep from paying taxes on your gains as well. Send it there and say you lost it. Not only will you not have to pay taxes you can write the losses off

[Anonymous No.28144428]

>>28144293
So it's more expensive and less secure.

[Anonymous No.28144504]

>>28144319
when he said he sold the top.

[Anonymous No.28144537]

>>28142005
*clap clap clap*
Finally a real story of the kang

[Anonymous No.28144564]

>>28144428
you think a tumbler is more fucking secure than americas card room? ROFL, no one ever got scammed by ACR and never will. They are a billion dollar company. I would never put 5 grand on a tumbler I have no problem putting a million dollars on ACR

[Anonymous No.28144649]

>>28140455
Yeah this is was seetheboys said 4 years ago... and 4 years before that...

[Anonymous No.28144906]

>>28143884
Anon, the same equation applies. You lose money both on the mining fee as well as on whatever cut the poker site takes every time you withdraw (e.g. by offering you an exchange rate worse than the market rate).
>>28144389
Good luck ever spending the BTC you have claimed as lost without regulators/LE hunting you down. You would essentially be tainting your own funds.

[Anonymous No.28144971]

>>28143476
Call me when you stop following orders of police and army paid in dollars paid by your taxes.

[Anonymous No.28145035]

>>28144906
all I did was tell him to make your btc anonymous and hide little nig so whatever you on about can pee pee poo poo

[Anonymous No.28145045]

>>28141334
Awful points just go watch Max Keiser until you’re converted

[Anonymous No.28145070]

>>28144564
use joinmarket it's trustless

[Anonymous No.28145145]

>>28140455
You're gay and will die poor.

[Anonymous No.28145158]

>>28140455
>> Bitcoin is like digital gold!
>No, because a bar of gold doesn't include its entire transaction history. You do not risk being audited if the gold you bought happens to have been used for illicit transactions at some point in the past, even though you yourself have done nothing wrong.
The point is that gold has uses in and of itself.

[Anonymous No.28145318]

>>28145035
Moving money from a drug site is retarded, lol.
You're trusting their key management, and they could be feds.

[Anonymous No.28145359]

>>28140455

You're an idiot. Here's your idiocy debunked:

https://en.bitcoin.it/wiki/Myths

[Anonymous No.28145398]

>>28143277
Gold is an "infaltion hedge" because it can be used. Wheat isn't an "inflation hedge" too because people "turn to it" during inflation. Wheat goes up during inflation because it's a commodity

[Anonymous No.28145415]

>>28145318
You just showed you are a retard so your thread is shit. You have no credibility and dont understand any of this

[Anonymous No.28145472]

>>28143850
Nah it wouldn't take down that actually useful coins, but their cap would implode and be gobbled up by retards that stayed in fiat this entire time.

[Anonymous No.28145545]

I LIKE THE FLOWER
https://texas-tulips.com/shop/new-limited-edition-roman-empire/

[Anonymous No.28145548]

Musk is actually smart as fuck and I think more companies will buy bitcoin. The way the accounting works is that if bitcoin goes down, Tesla can actually expense the loss and if it goes up, they do not report income on it until it exceeds however much they lost.

[None !!F+10W/VACAY No.28145680]

>>28145415
Anon, this is my thread :)

[Anonymous No.28145691]

>>28145415
weak bait, lol.
https://en.bitcoin.it/wiki/JoinMarket

[Anonymous No.28145738]

>>28145548
>It's very smart because if they lose money, THEY GET TO REPORT LOSSES
Are you actually this fucking retarded because this is the single dumbest fucking thing I have seen on this board

[Anonymous No.28145866]

>>28140455
Econ grad student here, you're wrong and gay

[Anonymous No.28145963]

>>28145738
Google intangible assets, nigger.
https://courses.lumenlearning.com/boundless-accounting/chapter/intangible-asset-impairment/

[Anonymous No.28145975]

>>28145866
>Econ grad student
Man you delegitimatized yourself real quick

[Anonymous No.28146047]

>>28140954
my counter argument is that im up 40k because of it, so i could give a shit what it does, where it comes from, and what it can be used for. I’ll worry about cashing out, you worry about remaining poor.
kys poorfag

[Anonymous No.28146128]

Musk is pumping Bitcoin as a distraction from silver. Banks are desperate.

[Anonymous No.28146252]

>>28145963
YOU ACTUALLY RETARDED NIGGER
IF I BUY A STOCK AT $10 AND IT GOES TO $1 I REPORT A LOSS UNDER CURRENT ACCOUNTING RULES AND MY SHAREHOLDERS ARE PISSED I MADE A BAD BET. IF YOU THINK THIS IS SMART BECAUSE YOU ****GET TO LOSE MONEY**** YOU HAVE A SUB 80 IQ.
>OH LOOK YOU DON'T KNOW WHAT AN INTANGIBLE ASSET IS !!!1!!134
YOU ARE THE DUMBEST FUCK ON BIZ CONGRATS
I'LL MAKE YOU A DEAL IPO A SHIT PENNY STOCK OTC AND I'LL SELL YOU A CUSTOM SHITCOIN YOU CAN LOAD UP ON SO YOU CAN REPORT A PAPER LOSS

[Anonymous No.28146286]

>>28143277

>>good luck leaving any country with a kilo of gold

Funny how the MSM Bitcoin pumpers never told you about Kinesis Money

[Anonymous No.28146371]

ETH. That is all

[Anonymous No.28146412]

>>28146252
>>28145963
This isn't even a point about bitcoin you are just actually fucking retarded for even ever considering this reasoning. We aren't talking about NOLs here. You are literally suggesting that creating unrealized losses is a good business strategy

[Anonymous No.28146419]

>>28143850

Nobody needs to waste time on crypto of any kind when silver small caps like Bayhorse Silver will offer 100x gains at $50 silver

Even silver itself is going to $5000 when the COMEX breaks

[Anonymous No.28146455]

>>28145548
Musk recognizes the power of memes. Tesla and Space X are powered by social media. Now he's gotta get in on the crypto shit. His charisma alone will cause him to make billions, just like it always has.

[Anonymous No.28146555]

unironically those who actually held their tulip stocks in the 17th century would be billionaires again today.
we had a great thread on this about 4 years ago going deep into he timeline of the historic tulip growers, what they diversified into and how those who carried on growing tulips are doing today.

[Anonymous No.28146574]

>>28146252
Are you fucking retarded? You take the loss because you pay less taxes, and since you still own the asset, it didn't actually cause you to literally lose money. This is literally Jewish accounting tricks. Anyway I have 150k in assets and another ~50k in my 401k, I'm not even a cryptonigger outside of my mara shares.

[Anonymous No.28146713]

>>28146574
>it didn't actually cause you to literally lose money

>IF I DON'T SELL, I DIDN'T REALLY LOSE MONEY!!!!1!
>I'M AN ENRON MILLIONAIRE BABY
You are a truly a talented retard. You shouldn't be able to write this well

[None !!F+10W/VACAY No.28146768]

As a summary of what we have so far, the only counterargument posted in this thread boils down to the following idea: that it is possible to restore anonymity in a variety of ways (e.g. transferring the BTC to and from a non-KYC site/exchange, BTC tumblers).
My reply to this is that a) BTC are lost each cycle to mining fees/site fees, and b) your anonymity is only proportional to the amount of times you complete such a cycle. This is inefficient, and there exist cryptocurrencies which solve the problem of anonymity without the need for such procedures.
I think my last point in the OP is the strongest. Any takers?
Especially you, Mr. grad student: >>28145866

[Anonymous No.28146876]

>>28145866

>muh Keynesian education

[Anonymous No.28146880]

>>28146412
I bet you're one of those people who wonder why Trump paid his children as consultants instead of just giving them money as a gift. It's creative accounting and it works both ways. If bitcoin moons, Musk and Tesla has a "blow out" quarter without actually producing anymore sells.

[Anonymous No.28147049]

>>28140455
Oh gee, your back..from 2016/17..oh and your prior visit as well inn 2013. Yeah yeah yeah ..tulips..got it.

[Anonymous No.28147058]

>>28146880
No that's actually reducing tax on income.
You are suggesting that buying securities high and holding them low WHEN THEY DON'T PAY INCOME is a good strategy. Like I said, if you think this is a good scheme, I will sell you a shitcoin at $10 that will instantly be worthless. You can buy it through a shit OTC ipo penny stock and write up those losses baby. You're on the track to stardom

[Anonymous No.28147103]

>>28140455
Tulip mania:
>3 years total
>during a time where information was spread through carrier pigeons

BTC:
>already been a decade
>during a time where information transfer is instantaneous

stay poor nigger

[Anonymous No.28147167]

>>28146419
>Even silver itself is going to $5000 when the COMEX breaks
kek
silver hasnt mooned since the spanish took mexico.
the whole of north and south america are covered in silver mines with their gates locked because it isnt profitable to go in and mine it, theres something like 99% of the worlds supply untapped on the sea floor.
https://www.mining.com/worlds-first-seabed-mine-to-begin-production-in-2019/

[Anonymous No.28147264]

>>28141334
>I'm millenial/zoomer. Is this all you got, or do you have an actual point?
If it is tulip mania, how come it's worth more than 2x more than it was in the 2017 boom?

[Anonymous No.28147273]

>>28141334
>I'm millenial/zoomer
.
Even worse. How many BLM marches you been in? Kiss some blacks dudes feet recently?Do you have all 58 genders memorized?Do you like your wifes boyfriend? He cool?

[Anonymous No.28147354]

>>28147103
>a scheme where new entrants make holders money cannot possibly last more than this arbitrary example I picked
https://en.wikipedia.org/wiki/Madoff_investment_scandal
>>28147167
You fucking retard. Look at literally any silver chart
>>28147264
DAMN YOU GOT SOME LOGIC THERE BOY. GO ON TO LAW SCHOOL

[Anonymous No.28147384]

>>28140455
feels good to see old copy pastas

[Anonymous No.28147400]

>>28147058
Anon look at the Arkk research papers pr even turn on the financial news. This isn't retail pushing it up. Bitcoin is actually getting institutional support now. I don't even own the coin, but it will 100% be used by institutions for tricks like this. Jpm even gave it a 100k price target. What's easier to believe, Tesla throwing away 1.5 billion or them seeing a value. He also didn't buy at the high. He bought around the 29k-30k range.

[Anonymous No.28147644]

>>28142005

[Anonymous No.28147725]

>>28140455
someone post the soijacks pointing at the tulip chart

[Anonymous No.28147787]

Is it 2017 again? I'm getting flashbacks

[Anonymous No.28147843]

>>28147400
That's not the point we're arguing. You are saying that writing a loss on securities hfs that don't pay income is a good business strategy. Analyst back that shit out of accounting

[Anonymous No.28147920]

>>28140455
Tulip mania didnt happen a dozen times with even more massive peaks every time

[Anonymous No.28148159]

>>28140455
Gold with transactional properties

Gold has a market cap of approx 12 Trn

Why does it need to be anything more?

[Anonymous No.28148180]

>>28142562
you're literally not worth the time
we're too busy celebrating

[Anonymous No.28148206]

>>28146768
You understand that LE can only track your coins with a warrant? How is your argument any different than gold or fiat?
Also XMR is the only real crypto, BTC is to store your wealth and XMR is to spend it

[Anonymous No.28148269]

>>28147843
Analysts yes, but the tax man and retail? No. The stock price isn't the point, the point is they can use this to lower their taxes and trick retail investors. You and I both know we're going to see articles about Tesla's blow out quarter(s), with the fine print being it's due to asset appreciation. The IRS is going to see the depreciation and say, ah yes fellow 1%, you totally made less this year, so you don't have to pay as much. You even see this with Tesla moving to Texas. When you're talking hundreds of millions of dollars, even a 1% increase or decrease in taxes adds up. My company has switched label materials because the savings were like 10 cents a label.

[Anonymous No.28148430]

>>28147354
The US government is literally about to print another 2 trillion dollars and is perpetuating the "debt". The fact is there is no debt anymore because who the fuck is gonna pay it? Your grand-grand-grand-children? The US government is literally running a scam and yet here you are saying bitcoin is nothing but tulip mania. Open your eyes nigger.

[None !!F+10W/VACAY No.28148442]

The lack of intelligent discussion in this thread should give us all pause.
It's time to seriously consider the possibility that we have a trillion dollar bubble on our hands.

[Anonymous No.28148510]

Trying to argue against Bitcoin just seems kind of pathetic at this point. It's like making some sort of painstaking autistic argument about how Tom Brady is actually bad at football.

[Anonymous No.28148694]

>>28148430
Ok, than actual income producing assets have infinite value and you won't get taxed on inflation gains that you can't actually consume becasue you don't have to sell them. There is more than 1 outcome to all of this and everyone thinks there is 1 possible outcome. That's why this is a bubble

[Anonymous No.28148712]

>>28140455
No shit retard but you can make money between now and then.

[Anonymous No.28148790]

>>28148442
Probably because none of us has a crystal ball. Do I recommend buying some that you want to trade for USD or gold or whatever at over 40k a price (keep in mind the median us income is like 44k)? No. But, nobody knows if it's a bubble or not. And what else are you gonna buy? Tesla trading a 1000x p/e? Bonds that are basically negative yielding?

[Anonymous No.28148847]

>>28148206
>You understand that LE can only track your coins with a warrant?
Anon, anyone can track your BTC. With or without a warrant, consent or even knowledge.
>How is your argument any different than gold or fiat?
It isn't.
>Also XMR is the only real crypto
Yes. Precisely. Nothing prevents you from storing wealth on it, making BTC redundant.

[Anonymous No.28148855]

>>28140455
holy based post, nice DD anon. It's refreshing to see a post that isn't a shitcoin pump.

[Anonymous No.28148909]

>>28148790
Unironically commodities, commodity producing real estate, Chinese stocks, and Russian stocks
RSX is a crazy value play right now and China is a good growth play

[Anonymous No.28148936]

>>28142005
Kek

[None !!F+10W/VACAY No.28148975]

>>28148855
Nice digits. Thanks anon.

[Anonymous No.28148987]

>>28148847
Wait until you find out that you can anonymously trade any erc20 token on secret network. You can literally trade an erc20 gold receipt like monero

[Anonymous No.28149070]

>>28140954
My counter argument is that you're a fucking faggot and also a complete retard, I hope you had fun typing out your post

[Anonymous No.28149094]

>>28148159

>Gold with transactional properties

You mean Kinesis Money

[Anonymous No.28149127]

>>28140455
Dumb nigger, btc has crashed and pumped again and again, showing an adoption cycle. Tulip speculation was one rise and fall. Your graph disproves your argument from the start

[Anonymous No.28149224]

>>28149127
hey retard see
>>28147354

[Anonymous No.28149279]

>>28140455
Tulip bubble is literally fake news brainlet

[Anonymous No.28149324]

>>28147354
calm down boomer you're going to give yourself a heart attack. just admit you missed out on a great opportunity, like the other boomers.

[Anonymous No.28149387]

>>28142005
Kek

[Anonymous No.28149409]

>>28140455
Bitcoin is like a bank account. The wallets involved in illicit transactions would be audited and seized. Not the 6 degrees of Kevin Bacon to those wallets.

[Anonymous No.28149459]

>>28140455
Didn't read, stay poor

[Anonymous No.28149482]

>>28140455
>guess what happens next?

[Anonymous No.28150134]

>>28142005
jej

[Anonymous No.28150493]

>>28142005
granpa tyrone, noooooo, at least tell me who my father was

[Anonymous No.28150655]

>>28148847
If my coins are send from binance to my personal wallet, only binance knows that address belongs to me and binance will only give that info with a warrant

[Anonymous No.28151251]

>>28150655
>only binance knows that address belongs to me
Yes, that is true—so long as Binance is the only party you are transacting with. The moment you exchange your BTC for some good or service, their provider will know your identity as well (if you provide them your name, shipping address, etc).

[Anonymous No.28151798]

>Why spend your bitcoin on a Chevy today, when you could buy a Tesla tomorrow?
What if I can actually buy a Tesla with bitcoin?
Didn't most currencies in human history started as a mean to store value and then started being a mean for exchange later? This happened with precious metals, salt...
I think that maybe we are in the storing value step. One day people that stored value will be using it do actually buy shit.

[Anonymous No.28151812]

>>28150655
Did you already forget about prism

[Anonymous No.28151945]

>>28151798
>Didn't most currencies in human history started as a mean to store value and then started being a mean for exchange later
no
People just had excess shit and started trading with it and then certain commodities became more marketable over time and people started storing an excess of those commodities
https://mises.org/library/origin-money-and-its-value

[Anonymous No.28152746]

>my lil bitcoin stock doin sum