/biz/ - Business & Finance

[Anonymous No.4838810]

>Bitcoin will never be worth something
>Bitcoin will never even be a cent
>Bitcoin will never be a dollar
>Bitcoin will never be 100$
>Bitcoin will never be 200$
>Bitcoin will never be 1000$
>Bitcoin will never be 2,000$
>Bitcoin will never be 4,000$
>Bitcoin will never be 8,000$
>Bitcoin will never be 16,000$
You are here
>Bitcoin will never be 100,000$
>Bitcoin will never be 500,000$
>Bitcoin will never be 1,000,000$
>Bitcoin will never be equal to One Metric Tonne Gold per Bitcoin.

All you had to do was hold, anon.

[Anonymous No.4838916]

Fundamentals changed when Blockstream got involved in 2014. What you are referring to bitcoin is not really bitcoin. It's like if Coca-Cola changed their recipe. All that is left is a speculative bubble, and tether pumps.

Bitcoin's real value is below 1000 dollars, and it's all based on first movers advantage and speculation about its future utility expecting LN to ever relase and be good.

[Anonymous No.4838982]

>>4838916

I really hope you aren't supporting BCH, it's a piece of shit too

[Anonymous No.4839007]

>>4838982
Hes right tho

[Anonymous No.4839034]

>>4839007

Of course he's not wrong, BTC is garbage as well. It's just that usually those lines follow with shilling for Roger and Jihan's miner coin

[Anonymous No.4839090]

>>4838982
BCH is the only coin that has almost the exact same fundamentals as BTC had in 2009-2014. Only other coin that even comes close is monero. Make of that what you will.

[Anonymous No.4839113]

>>4839034
Prove that a single actor has over 50% BCH hashrate. Otherwise you are just spreading FUD.

[Anonymous No.4839149]

>>4839090

I don't really care about having the same fundamentals, Satoshi word isn't the gospel. PoW coins are never gonna make it long term up to mass adoption

[Anonymous No.4839171]

>>4839090
That's why you're dumb if you're not invested in Montero. Privacy matters. People need to launder and buy drugs

[Anonymous No.4839175]

>>4839113
>Prove that a single actor has over 50% BCH hashrate.

What? I'm just talking about higher blocksize being very miner conglomerate friendly, centralizing mining even further

[Anonymous No.4839310]

>>4839149
>PoW coins are never gonna make it long term up to mass adoption
Conclusion based on what reasoning?

[Anonymous No.4839364]

>>4839310
>Conclusion based on what reasoning?

Absurd energy inefficiencies, whoever has access to the cheapest electricity wins pretty much (which means the Chinese conglomerates running off of hydroelectric pretty much rule mining forever)

Also relatively high cost to get into mining locks out people without means from mining and providing to the chain and that's shitty

[Anonymous No.4839386]

>>4839175
Nobody is mining on their raspberry pi, Greg.

Tell me what's wrong with big mining corporations.

[Anonymous No.4839401]

>>4839364
You don't understand proof of work bud

[Anonymous No.4839565]

>>4839364
>Absurd energy inefficiencies, whoever has access to the cheapest electricity wins pretty much (which means the Chinese conglomerates running off of hydroelectric pretty much rule mining forever)
Sounds like FUD to me based on the fact that BCH is mined by big corporations in both China and in America. There are more than 5 Chinese corporations mining it. There are people all over the world mining it belonging to international mining pools. There are also bitcoin mining farms in Iceland and Russia. More of them seem to be popping up on every continent every day.

>Also relatively high cost to get into mining locks out people without means from mining and providing to the chain and that's shitty
Why should people without means mine?