/biz/ - Business & Finance

[Anonymous No.3522747]

Help me understand

We all are trying to get rich off of bitcoin. Say bitcoin goes up to like 50k. What happens when everyone is trying to sell this shit off for regular money......essentially we are only holding to sell of for fiat. So doesn't that make bitcoin pointless.

[Anonymous No.3522754]

once btc becomes valuable and mainstream enough, people will accept it as payment everywhere. no need to cash out.

[Anonymous No.3522764]

>essentially we are only holding to become multimillionaires. So doesn't that make bitcoin pointless.

[Anonymous No.3522768]

>>3522747
I guess that makes every investment pointless then

[Anonymous No.3522781]

>>3522747
Never leave, that's the point. Fiat = old & bloated. Crypto = shiny & new.

[Anonymous No.3522782]

>>3522747
Bitcoin doesn't just "go up" to 50k, it's sold up to 50k. We're selling on the way up. There's no magic number where everyone will sell at once.

[Anonymous No.3522795]

>>3522747
You finally figured out that Bitcoin is a gigantic pyramid scheme. The trick is to sell before others do. Otherwise, you'll end up at the bottom of the pyramid holding bags.

[Anonymous No.3522807]

>>3522795
if you wanna sell your precious BTC for worthless paper, go right ahead

[Anonymous No.3522813]

I set the alarm to notify me at $400,000 per bitcoin

Thats how sure i m of bitcoin future. Ps;i only hold 230 dollars

[Anonymous No.3522818]

>>3522747

>essentially we are only holding to sell of for fiat.

When crypto is as easy to spend as fiat, and banks are starting to fail, you won't be asking this any more.

[Anonymous No.3522829]

>>3522813
even $230 worth of bitcoin will be a respectable sum in a few years time..

[Anonymous No.3522839]

>>3522747
>>3522795
Exactly, the more you think about it the more you realise its an enormous ponzi/pyramid and confidence scam.

There are literally no real world use cases on any major coins.

The only reason people invest is for monetary gain. Unless there is anything useful then you're relying on greater fool theory, hoping that there are people more stupid then you to sell your bags to.

It's completely unsustainable, it will probably carry on like this till 2020 by which point all it takes is one trigger event for the whole house of cards to fall.

I look forward to that day.

[Anonymous No.3522842]

>>3522818
Yea I find it funny that everyone on here is convinced they'll be a millionaire. The irony being they are probably right except the only lambo a million will buy you is the matchbox kind.

[Anonymous No.3522854]

>>3522839
money is the bubble that never pops. please read up on how your precious fiat money is created and what gives it any value...

[Anonymous No.3522856]

>>3522839
You do realize that fiat is the same exact scheme except we are compelled by a gun to trade with it. That will end one day.

[Anonymous No.3522874]

>>3522839
thats only true for altcoins

blockchain is the future for currency

[Anonymous No.3522887]

>>3522854
>>3522856

Let me know when I can use cryptocurrency to do anything apart from launder money and buy drugs.

Fiat is backed by government and by consent of the public. It is used to transfer value in 99.999% of cases.

No one invested in crypto really understands or cares about the potential of the technology, they just pretend they do to draw in new investors (pyramid scheme anyone?).

They only care about the possible monetary gain, and when a trigger event happens or investors realise en masse that greater fool theory dictates the value of cryptocurrencies, you'll all be playing a game of hot potato, except where the potato is your life savings.

kek.

[Anonymous No.3522900]

>>3522887
begone, boomer!

no one here cares about your antique world views. soon you will realise we were right all along and cry yourself to sleep while you polish our lambos

[Anonymous No.3522914]

>>3522887
Crypto has the potential to make Banks disappear.
Imagine credit card companies going out of business because they can't compete with feeless instant transactions.

[Anonymous No.3522915]

>>3522887
You can literally spend bitcoin on anything you retard. I've gone grocery shopping from spending bitcoin.

[Anonymous No.3522933]

>Say bitcoin goes up to like 50k.
Why sell at 50k when you can sell for 60k?

[Anonymous No.3522935]

>>3522900
Doesn't it make you suspicious that so many ICO's are complete trash. Back in July there was ICO mania (no pun intended) with almost every token going 10x or more, with absolutely no real app or program backing it.

People realised that they could earn millions of dollars in crowdfunding by doing ICO's. They then designed products which didn't actually solve a problem or make anything more efficient using blockchain (compared to standard tech), they just did it for monetary reasons.

This should be a huge warning sign to anyone who invests in this gargantuan pyramid scheme.

[Anonymous No.3522950]

>>3522915
No you didn't. Your card transferred BTC to USD or whatever currency you use and then completed the transaction, just like a normal debit card.

This is just another example of creating a problem where non exists, just for the sake of using blockchain technology.

[Anonymous No.3522951]

>>3522887
I actually just feel sorry for you because you lack the ability of foresight. People will certainly lose wealth in crypto but if you keep your eyes open and aren't foolish you should be well positioned by the time the powers that be have officially given up and accept the new paradigm.

[Anonymous No.3522957]

>>3522874
>blockchain is the future for currency

Blockchains don't scale up. The fixes are makeshift and don't really address the problems in the long term. It's good as toy money, but for practical use, it doesn't work.

[Anonymous No.3522958]

>>3522935
I agree that lots of ICOs were overvalued and people wanted a quick flip. That doesn't change the fact that blockchain itself is the future, though....lots of good and bad projects. Only the good ones will survive longterm

[Anonymous No.3522962]

>>3522782
> There's no magic number where everyone will sell at once.
You're unfamiliar with the concept of a bubble.

[Anonymous No.3522986]

>>3522839
And the saddest part of this whole thing is that this is a zero sum game. For every dollar you gain someone will lose one. Reading stories about people killing themselves and leaving families behind because of losing lifetime savings to crypto are fucking depressing. Really want to leave all of this because of shit like this sometimes, but I guess I'm just too addicted to this kind of gambling..
At some point US will definitely ban crypto exchanges or regulate the shit of them, like China are currently planning to do.

[Anonymous No.3522987]

>>3522950
You do realize that the US has over $100 TRILLION yes with a T in unfunded liabilities. Yet you're going to try to point out that cryptocurrency is fraudulent? Go read "The Creature from Jekyll Island" if you want to understand how fucked the dollar and fiat in general really is.

[Anonymous No.3523010]

>>3522986
If they were stupid enough to lose it all they deserve it.

[Anonymous No.3523022]

>>3522986
the same applies to buying stocks and to general life. for every winner there must be a loser by definition. if everyone could be a winner then we would all be winners. whats your point?

[Anonymous No.3523029]

>>3522874
Learn how blockchain work, dude. It's not the best kind of database and got lots of problems. It's too slow and impossible to scale for the worldwide usage.

[Anonymous No.3523048]

>>3523029
The Tangle is though.

[Anonymous No.3523055]

>>3522987
>The Creature from Jekyll Island

This explains a lot, you take your cues from a guy who argues that cancer is a nutritional deficiency, is an HIV/AIDS denialist and believes the actual geographical location of the biblical Noah's Ark is located at the Durupınar site in Turkey.

Get off the koolaid, it's hard to take you seriously when you cite shit like this, it kind of proves my point about crypto being a pyramid scheme for suckers.

>>3522962
This. Like I said all it takes is one big trigger event and the house of cards begins to fall.

>>3522986
You sound like you you're self aware, which is good. You could probably try making good money then cashing it before BTC goes to 0.

[Anonymous No.3523056]

>>3522962
Alright nocoiner, explain how btc hitting 50k pops this "bubble."

[Anonymous No.3523073]

>>3522986
>Reading stories about people killing themselves and leaving families behind because of losing lifetime savings to crypto are fucking depressing

Where can i read those stories? I really need something to cheer me up after the last two weeks

[Anonymous No.3523091]

>>3523073
https://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/

[Anonymous No.3523098]

It seems people are misunderstand things here.

BTC does not go up, fiat just goes down.

The reason why Gold becomes more valuable is because the inflation is less then fiat.

BTC is even more extreme on this point with deflation.

You do not sell your BTC to fiat ever, just like you never sell your gold. For reasons mentioned.

Betting on BTC is betting against fiat and metals basically.

[Anonymous No.3523112]

>>3522887
>Fiat is backed by government and by consent of the public.
>Fiat is backed by government.
>Fiat is printed by government.

That seems more correct anon.

[Anonymous No.3523117]

I'm putting my savings into bitcoin because fiat is an inflationary trap and I wanted out.

People will do the same, then others will accept as payment.

[Anonymous No.3523128]

>>3523117

problem is bitcoin is slow as shit, other cryptocurrency is more advanced. when will btc be replaced?

[Anonymous No.3523145]

>>3522987
Crypto has no measures against fraudulent/illegal transactions. They can't be undone. This makes it perfect for exit scams, extorting money, and money laundering.

[Anonymous No.3523147]

>>3523055
It doesn't make anything I said any less true. I don't really give a shit about convincing you. I'm just trying to explain why you're being shortsighted. I'm prepared to deal with the consequences if I'm wrong. I didn't put in any money I need to pay bills. If I lose it all I lose it all. Just like any investment. Are you prepared to deal with the outcome if you're wrong? In 10 years if BTC goes to $100,000 or more will you be able to sleep when you know you could have invested when it was a fraction?

[Anonymous No.3523160]

>>3523098
Exactly, this is another reason why it won't become adopted on a large scale.

People always talk about it as a currency, but why would anyone ever spend any of it, knowing that it has a limited supply and is deflationary. It would be like selling an Apple share in 1970.

No one will sell it, so you need new investors coming in.

If this doesn't set off alarm bells you shouldn't be anywhere near your money.

This fulfills all the criteria for a giant ponzi scheme.

[Anonymous No.3523164]

>>3523145
That is why there hasn't been mainstream adoption. People are working on this problems, the free market is a wonderful place.

[Anonymous No.3523176]

>>3523160
>No one will sell it

People are selling it right now. Right this second, even. Some people are cashing out, some are buying other coins. Some are even trading BTC for items or buying services like programming.

[Anonymous No.3523177]

>>3522887

This is not true.
I actually care about the blockchain technology and believe in it.
I do NOT advertise Bitcoin to my friends and try to make them buy. As a matter of fact, I'm always trying to FUD my friend so that I'll have more BTC than he does when it's worth millions.

Please, don't buy it.

[Anonymous No.3523207]

>>3523176
They are selling it for other coins, with the expectation that they will earn more BTC in return, due to greater fool theory.

Only 5% of investors ever "spend" there BTC without any expectation of getting more in return.

[Anonymous No.3523219]

>>3523207
How many people buy gold and then go on and buy something with it? see how dumb your argument is..

[Anonymous No.3523229]

>>3523056
Because people will sell to protect themselves from potential massive losses? Even if they want to rebuy when everyone sells it can crash everything really bad.

[Anonymous No.3523234]

>>3523219
Well, at least you realise that it will never be used as a currency, and only acts as an illegitimate store of value.

Now return to what I said earlier, all it takes is a big trigger event for all the retards who have been investing since 2013 to dump their bags and the party is over.

[Anonymous No.3523253]

>>3523160
>gold is a ponzi jew

[Anonymous No.3523256]

>>3523207
>Only 5% of investors ever "spend" there BTC without any expectation of getting more in return

I don't know about that.. but that makes me think that the bubble just won't pop, because if that number is true, then that means that the vast majority of people are counting on BTC being worth hundreds of thousands each and are holding with iron hands.

[Anonymous No.3523264]

>>3522887
youre old as dust ya friggin kek

[Anonymous No.3523286]

>>3522747
>thinks fiat will exist when bitcoin hits 50k

[Anonymous No.3523336]

>>3523164
It is because of free market the reason that BTC's problems won't be solved. You have a group that wants the status quo, a group that wants privacy, a group that wants better security, etc. Ultimately, because crypto investors/miners are driven PURELY by profit, they don't really care about BTC's issues or turning it into usable currency and would rally against any changes that would potentially decrease its speculative value.

[Anonymous No.3523350]

>>3522747
Which sub-saharan country do you hail from newfriend?

[Anonymous No.3523377]

>>3522839

>There are literally no real world use cases on any major coins.

>2020
>travelling abroad
>driving through a strange city at night
>suddenly another car pit manoeuvres you and you're staring down the barrel of a gun
>"da money, give us da money"
>you hand over your wallet
>"not enough, motherfucker, we going to the bank"
>force you to ATM to make withdrawals until nothing left
>"have a nice day motherfucker"
>go to internet cafe
>transfer 1 XMR to fiat
>bank balance back at $5k

>flying out of the airpot
>sketchy police chief pulls you out of line
>"please open your internet banking sir"
>open it
>"Ah, your balance says $4500, that happens to be the exact fine for dealing drugs"
>Shows you a large bag of powder and places it on your bag
>Pay him the $4500
>Transfer 1 more XMR
>back to $5k.
>get on with your life

[Anonymous No.3523381]

>>3522887

>Fiat is backed by government and by consent of the public

Only the former. Fiat is backed by violence. Implicit violence empowered by the state.

Crypto is backed by consensus. It is by definition far more democratic than fiat as it is opt-in.

[Anonymous No.3523396]

>>3523381
Yeah, the consensus of 0.001% of the world.

The overwhelming majority of people don't care about spending weeks signing up to exchanges and making their security top notch in order to buy shilled coins from NEETs.

[Anonymous No.3523399]

>>3522754
Basically this. In my city (dubai) you cna already buy houses with btc, same in canada I think. You can buy cars ( lambos and mclaren dealership accept btc and eth also I think).

[Anonymous No.3523662]

>>3523396
I do recommend getting some money into cryptos.

I've been thinking about it for some time,I'll never think of it as a store of value but just drop 2 months worth of salary in it (salarycuckwageslave)

I have a strong confidence there are many many retards with 0 grasp of any of the warnings you are giving willing to multiply my sheckels.

I too am against fiat as probably so are you,even if people on this board think if you're against cryptos you must love fiat it usually means you have seen the failures of fiat and even those of cryptos.
My advice is don't put all your bacon on cryptos for your own sake anons and diversification in cryptos is like holding yen dólares and euros as a way to diversify it can work if it's a local issue it will just get you fucked if it gets bigger.

[Anonymous No.3524136]

This: https://pastebin.com/ZUxTmR99

[Anonymous No.3524202]

>>3522747
Are stocks and gold pointless just because we will eventually sell them for fiat? No. The point is to either preserve value or achieve some returns. Selling back to fiat is totally irrelevant.

[Anonymous No.3524219]

>>3522754

Yep. This.

[Anonymous No.3524227]

>>3522747
it will replace fiat, getting in early lets you accumulate. If bitcoin succeeds goods and services will be priced in satoshis

[Anonymous No.3524520]

>>3522747
Holding till the lambo dealership accepts BTC

[Anonymous No.3524628]

I don't wanna make a new thread so I'll ask here:

Do you really think government, central banks and the jews will allow this to realize its full potential?

I mean central banks, Rothchilds and the jews pretty much control the world. Wars have been waged and millions of people have died because their status was in danger or some country was defying them.

And before you call me negative, I fucking love the idea of crypto and have indeed invested in it. I just think it's too good to last, governments are already pushing against it. Same with the Internet - when something good comes along that upsets the status quo and makes them lose control over people, they start pushing more and more for censorship, regulation and outright bans.

[Anonymous No.3524638]

The goal is, once Bitcoin/crytpos becomes worth millions, you're not going to have to sell them for fiat

It will be the other way around

[Anonymous No.3524651]

>>3522795


It has no attributes of a scheme

It's the most freely traded asset on the planet lol

[Anonymous No.3524674]

The rise of the price proves that more and more people own Bitcoin. This means that more people can receive and send Bitcoin. That means more people can trade Bitcoin. That means you don't need another currency. That's why the bankers are in panic mode. They are one more crisis away from people turning to cryptocurrencies instead of banks. Would you rather own Bitcoin or Venezuelan bolívares?

[Anonymous No.3524700]

>>3523336
Ok so just say you're a communist and you're here to sell us on all the great products the state has to offer.

[Anonymous No.3524734]

>>3524628
>Do you really think government, central banks and the jews will allow this to realize its full potential?
Asked like a true slave.

[Anonymous No.3524736]

>>3522747
>trying to get rich
You will not be rich but you will not become slave in modern world
Buy and hold Bitcoin- it will make you survive

[Anonymous No.3524839]

>>3524734
Just realistic. You take things for granted, until they are taken from you. Shit is great until it isn't. They did far worse things then banning or heavily regulating and tracing crypto trade.

I'd like to see nothing more then abolishing central banks, and world switching to crypto. And not just any crypto, I mean truly anonymous, free, by the people, for the people. But when something sounds to good to be true, it usually is.

[Anonymous No.3524882]

>>3524839
My point is, we determine whether they take it from us. Either we stand up and risk their wrath or capitulate. Like the old adage, freedom isn't free...it's worth like 4 ETH.

[Anonymous No.3524938]

I don't know how it is in your country, but even in shithole Romania, people accept BTC as a a payment method for buying real estate and cars.

[Anonymous No.3524981]

>>3523399
You can rent out property in london with BTC aswell.

[Anonymous No.3524986]

>>3524628
They're the ones controlling this. They're planning to make Bitcoin and litecoin skyrocket in price to be the currencies for the NWO. Also watch out for Iota.

[Anonymous No.3524999]

>>3522747
You can already buy lambos with BTC, imagine the possibilities in 2027.

No need to ever sell.

[Anonymous No.3525005]

>>3523234
It's ok gramps, go to sleep.

[Anonymous No.3525009]

>>3522747
by this logic stock trading is also pointless

[Anonymous No.3525018]

>>3524736
You will be rich if you hold 21 BTC in 5 to 10 years, it's a physical certainty.

[Anonymous No.3525022]

>>3522962
i can't stop staring at her beautiful face, it's unironically been almost 10 minutes now

[Anonymous No.3525034]

>>3522962
You can still fuck girls like that, if you get in on the winning team.

[Anonymous No.3525038]

>>3525018
This meme has been the biggest pumping tool ever.

I'm certain that anyone who follows it doesn't think too deeply about why it is bad advice.

[Anonymous No.3525051]

>>3524628
every country that isn't the world reserve should want bitcoin as it prevents the theft of their production through inflatio

At the moment the USA gives you bonds for goods then the us inflates its monetary supply. You must also buy US dollars to buy oil for your country.

The chinks are the most against bitcoin because they are likely to be the next world reserve currency. Venezuela starting selling oil for yuans this week. This situation also presents the idea that the us may get behind bitcoin if they cannot maintain the USD as the world reserve currency

[Anonymous No.3525061]

>>3522986
China has already banned bitcoin and the FUD has already been priced in, all for what? Look at the fucking price mong. Banning BTC is useless, rich people use OTC markets anyway.

[Anonymous No.3525074]

>>3525038
Remaining a nocoiner has sure been the best advice.

[Anonymous No.3525077]

>>3522747
>We all are trying to get rich off of bitcoin.
You will not become rich, but Bitcoin protect you from Slavery

[Anonymous No.3525084]

There are already real estates that accept BTC for property and handle the transaction to fiat themselves so if BTC does hit 50k I'll be buying my house with BTC. If by then the seller is happy to take BTC it's great but if not the agent handles it.

Also the same could be said of gold, most people trading gold are only doing so to get more fiat with only a tiny percentage believing the system will collapse and shiny metal will be useful if that happens.

[Anonymous No.3525103]

>>3522839
Keep that to yourself. Tell everyone how revolutionary it is and how "when it's ready you won't have to sell it, you can spend it". Then when it hits 20k cash out and buy yourself a lambo. Laugh at normies still holding btc

[Anonymous No.3525106]

>>3525051
>every country that isn't the world reserve should want bitcoin as it prevents the theft of their production through inflatio
holy shit people really believe that other people will risk everything for bitcoin

jesus man hodlrs cult blind faith is insane

[Anonymous No.3525142]

I have about 5 bitcoins in total cryptocurrency value

Is that enough?

I buy more each time I get paid and want 21 eventually

Not sure if I'll have time

[Anonymous No.3525153]

>>3525106
We've watched it go from 5 dollars to 5 grand while every single media baby Boomer and bank has shut on it the whole time

Why wouldn't we?

[Anonymous No.3525169]

>>3522747
the world's been indoctrinated into monopolistic central kiking systems so anything that deviates from usurious status quo is considered not kosher
it's a stupid point of view what you laid out in OP because the same could be said for every investment ever made

[Anonymous No.3525178]

>>3525061
Bitcoin isnt banned in china you numbnuts.
They closed exchanges and shut down ICO's temporarily while they sort out licensing for them.
You can still buy bitcoin from an actual irl shop.
All the big mining farms are operating as usual.
If anything, news probably helped china to accumulate.

[Anonymous No.3525194]

>>3525084
As a former goldbug... people trade fiat to get more gold.
They dont trade gold to get more fiat.

[Anonymous No.3525209]

>>3525194
What is the endgame? Not many places accept gold as payment.

[Anonymous No.3525228]

>>3522747
I dunno, but if btc will not reach 500k in three years i will eat my dick on tv

[Anonymous No.3525232]

>>3525209
think of gold as the only form of money.
Fiat currency is designed to maximise the productivity of citizens by inflating away there wealth maintaining full employment

[Anonymous No.3525240]

>>3522747
JUST FUCKING LOOK HERE, WHY YOU NOT IN TO IT?
SHORT IT FOR TEH WIN!
IT WILL GROW
INFINITELY

INFINITELY

INFINITELY!!!!!!!!!!!!!!!!!!!!!!!111111111111111111111

[Anonymous No.3525333]

>>3525103
You can buy NOWWWWWWWWWWWWWWWWW a fucking lambo paid with BTC. The point is we dont need to sell, EVER.

[Anonymous No.3525341]

>>3525178
Yes it is banned you autist, and its priced out already.

[Anonymous No.3525425]

>>3525341
Are you fucking retarded?
It's a 4 month hold on exchanges and ICO's not a ban.

[Anonymous No.3525558]

>>3523160
>No one will sell it, so you need new investors coming in.
You mean, like Apple or Amazon shares? Yeah dude, get rid of those immediately, giant ponzo is about to crash sell this very momentooohahakjhNOOOOOOOOOOOOOOOO!!1!!!!1!1

[Anonymous No.3525569]

>>3523048
The Tangle will eventually take over

[Anonymous No.3525616]

alright so the will be shops where
when you pick the product from the shelf it costs 30satoshi and when you finally reach the casshier its already 60?
+taxes how?

[Anonymous No.3525661]

>>3523160
You would think people would never sell BTC because of the reasons I mentioned. And you would be right if everybody was a perfectly logical creature.

But we are humans and greedy, there will always be somebody who wants to cash out into fiat to buy shit. Or use BTC directly to buy shit.

[Anonymous No.3525682]

>>3523234
All these assumptions you keep making man. People can not just "cash out" in one go, it has to be done slowly and steadily. And even the richest BTC holders only have around 1.5% a far cry from a monopoly.

[Anonymous No.3525704]

>>3523399
Well in most cases you aren't really paying with bitcoin. You just don't have to exchange it yourself. It immediately and automatically exchanges for hard currency.

[Anonymous No.3525710]

>>3525558
>The Tangle
Amazon and Apple have millions of customers per day. Apple dominates the mobile phone market.

Bitcoin's only use comes from millions of unemployed virgins speculating over the price, all based on the prospect of future use.

Hint- no one is going to use a """currency""" that takes 2 hours to transfer, as well as costing insane amounts of fees.

The only people who use it are degenerate drug addicts to fuel their supply.

It's absolutely hilarious to see so many people following the logic- "well it went from $5 to $5k, it can easily go from $5k to $500k".

That's your average investor, I doubt many people even understand what they're buying or why, all they see is the profits and they're hooked.

Cryptocurrencies, when they crash to 0 (as they inevitably will) will go down in history as the the largest ponzi scheme in history, 10000x bigger than Madoff.

[Anonymous No.3525750]

>>3525710
Seems like you learned jack shit about crypto. Plenty of people gave you insights. But sure keep thinking navily like that and enjoy your money loosing value each day while the government continues to print more of it.

[Anonymous No.3525776]

>>3525750
No one gave insights, they can't rebut any of my points, they just have their fingers in their ears shouting "hurrrr retarded boomer" "salty nocoiner" "lets see whos right in 10 years" and so on.

No one can disprove these fundamental weaknesses which will lead to cryptocurrencies being exposed as one of the greatest ponzi schemes/confidence tricks of history.

[Anonymous No.3525803]

>>3525710
boo-fucking-hoo! let's have a bet, you will eat your dick if btc is over 300k in three years, i will eat my dick on tv if btc is under 500k in three years

[Anonymous No.3525915]

>>3525803
How many sats for the ppv of watching 2 men eat their own dicks when BTC is 400k?

[Anonymous No.3525964]

>>3525710
>millions of unemployed virgins speculating over the price
Sure, that is what drove the price up to 5k. The intersection of a small subset of unemployed losers, known for having lots of money lol, that also happen to have enough knowledge of the English language (try buying crypto if you only speak Spanish) AND enough tech literacy to understand what they are doing.

Don't you have any bleeding circuncised cock to suck on, rabbi?

[Anonymous No.3525998]

>>3525915

[Anonymous No.3526026]

>>3525710
I tend to agree with this guy. When I first got into crypto I read a shitload of articles, all stating "fast transfer, global, stable currency." Bitcoin has turned out to be none of those things.

[Anonymous No.3526030]

>>3525776
>"lets see whos right in 10 years"

You believe that a person who is so confident in what he thinks that he would like to talk to you about it and how it turned out 10 years later, is a bad thing.

So this is the kind of person you /biz/tards were trying to debate in a smart and sensible way. Just saying.

[Anonymous No.3526067]

>>3522986
same applies to any stocks, forex, and anything in a capitalist system. Unless youre about to become a commie, your argument is pointless.

[Anonymous No.3526089]

>>3526067
my aircraft carrier would like to disagree

[Anonymous No.3526274]

>>3526067
At least stocks are kind of backed by real companies. Doesn't mean that they can't be speculative. Even national currency can.
As for the capitalism, bitcoin philosophy is pretty much the opposite of the moving force of the capitalism.
Banks with reasonable interest rates and money emission was one of the main reasons for industrial revolution and the whole progress nowadays.
Like the jew or not, but their scheme is working well so far.
Deflational currency and "HODL" philosophy on the other hand is a recipe for the economical stagnation (like the whole middle ages).

[Anonymous No.3526905]

>>3523022
this, there needs to be millions of poorfags for every filthy rich person, even bill gates or trump couldn't be any richer than you if you both ended up on a desert island

[Anonymous No.3527481]

This:>>3525077

[Anonymous No.3527886]

I see one problem with btc
let's say it grows to 500k a piece or something smiliar and now you have one small group of very happy people and almost an entire planet of super salty no-coiners, how is it possible for bitcoin to get adopted as a global currency when the slaty fuckers will simply refuse to use it, or even better they will jump into another currency thus making bitcoin worthless.

What's even the point of acumulating more than let's say 1 btc, assuming it gets adopted by the world as a currency? there will only be 21million coins (and that's year 201x, let alone all the lost coins). 1 btc is more than enough to be filthy rich, assuming that regular people will be wageslaving for couple satoshis/day?
As much as I like the idea and would love for the btc to moon I think we depend too much on other people, on salty no-coiner to be exact, I'm afraid they will spoil the show seeing that it's too late for them to get their chunk of the cake

[Anonymous No.3528024]

>>3526026
>raiden
>plasma
>sharding

[Anonymous No.3528066]

>>3527886
the nocoiners start with working for 0000.1 an hour for mister coin.

he'll earn more from mister coin than from mister dollar shekels and will not have to pay less taxes or fees.

[Anonymous No.3528080]

I set the alarm to notify me at $400,000 per bitcoin

Thats how sure i m of bitcoin future. Ps;i only hold 240 dollars

[Anonymous No.3528206]

>>3522747
the goal is to get the normies to buy it, that is when we sell. it will go up to not 50k, but 500k. then we sell it, and the normies panic and it falls to 20k, then we buy back in. simple. all of /biz/ is nothing compared to the normie masses.

[Anonymous No.3528216]

>>3527886
this is already the situation with US Dollars

[Anonymous No.3528271]

>>3528206
you realise your greed is even bigger than the evil jew bankers right? people like you need to fuck off this planet.

anyone in this for pure money gain is a fucking stupid retard and deserves punishment in his next life.

[Anonymous No.3528302]

>>3523022
>>3526905
Bullshit, the economy is NOT a zero sum game
If someone creates a new innovention, then he gets rich, but everyone else gets richer too, since they can get goods better/cheaper etc.
Same with crypto, theoreticly there wouldn't have to be any losers, the wealth got created through the technology. Unfortunately/fortunately that is not the case.

[Anonymous No.3528343]

>>3523160
>hurrdurrf we need inflation, otherwise people are going to sit on the money and not spend it
During the USAs greatest economic growth it had deflation (when you still had a gold standard)

[Anonymous No.3528378]

>>3528271
I'm sure 99% truly hope for btc to replace fiat and say a big fuck you to the filthy banksters but let's be honoest, everyone wants to be rich, and by rich I don't mean buying yachts and mansions, just not having to work like a fucking wageslave 8-10 hours of your life is being rich in my book

[Anonymous No.3528412]

>>3528378

Hmm yeah.
I'd do so many good things for the world an myself if I didn't have to wageslave.

[Anonymous No.3528444]

>>3522747
>.essentially we are only holding to sell of for fiat. So doesn't that make bitcoin pointless.

I have been holding Bitcoin since 2012, I pay all my bills with it and shop for groceries. I have no reason to sell it even it was valued at 1 million USD

[Anonymous No.3528470]

>>3528444
CHECKED BOY!

this will be my future too.

[Anonymous No.3528668]

>>3525034
>Bitcoin
>Near instantaneous transfer speed
>Trivial miner fees

Holy kek, who wrote this shit

[Anonymous No.3528699]

>Be Normie

>Put tax return annually into Bitcoin/ETH

>Don't touch it until next year - Accrue 300% on tax Return

>Rinse repeat

>Live off of tax returns

[Anonymous No.3528742]

>>3528699

Tax return is ~15 percent of 50k a year

>7,500 in BTC/ETH/Bitconnect

>22-30k per annum without shilling

[Anonymous No.3528867]

>>3522747
So you've figured out the Ponzi.

If your scenario would happen, then the entire market would crash as the volume dumped into it would render the relative worth to zero.

In reality, however, nobody cashes out at the exact same time. And neither does the market rise and fall in a straight line, so there are always minicorrections going on sustaining the market.

You would know when it would happen.

[Anonymous No.3529219]

>>3523091
>https://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/
KEK

[Anonymous No.3529778]

>>3525776
So you also think that gold is ponzi?

[Anonymous No.3529821]

>>3527886
You means like the very small group of people owning 99% of the worlds fiat, and the rest of the world who is just refusing to take fiat?