> bitcoin is tremendously overvalued

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Anonymous Sat Dec 9 10:32:39 2017 No.4912752 [Reply] [Original]

> bitcoin is tremendously overvalued

>>	Anonymous Sat Dec 9 10:33:49 2017 No.4912769 >>4912752 are you implying it isn't?

>>	Anonymous Sat Dec 9 10:34:14 2017 No.4912775 >>4912752 Wow how'd you figure that one out?

>>	Anonymous Sat Dec 9 10:34:36 2017 No.4912780 >>4912769 nope. I am telling you to short it to hell if you know whats good for you

>>	Anonymous Sat Dec 9 10:35:16 2017 No.4912792 >>4912769 >the numbers just make complete and total sense He said that in the movie right

>>	die-banane Sat Dec 9 10:35:37 2017 No.4912798 File: 966 KB, 576x418, temmie-money.gif [View same] [iqdb] [saucenao] [google] >>4912752 BUY XLM BUY BUY BUY BUY GO GO GO GO

>>	Anonymous Sat Dec 9 10:35:55 2017 No.4912808 lol it's hilariously UNDERVALUED right now. You oldfags keep thinking about this shit like it's the same old game as stock trading.

>>	Anonymous Sat Dec 9 10:36:56 2017 No.4912826 >>4912808 I'm sorry you bought at 17k brah

>>	Anonymous Sat Dec 9 10:37:00 2017 No.4912827 >>4912808 generation snowflake thinks they have something special here. while it is the same stuff happening over and over again. you'll learn about zero sum games with time

>>	Anonymous Sat Dec 9 10:37:42 2017 No.4912838 >>4912808 >He just bought bitcoin and is trying to justify purchasing it as such a ridiculous price

>>	Anonymous Sat Dec 9 10:38:47 2017 No.4912852 File: 2.84 MB, 500x375, 1504334385938.gif [View same] [iqdb] [saucenao] [google] >>4912808 >Can't even be used >Being worth anything at all

>>	Anonymous Sat Dec 9 10:41:06 2017 No.4912890 >>4912838 A price mirrors willingness of persons to purchase an asset at a given price. Now Bitcoin is undervalued if you see it as the next gold or a currency. If you think it's garbage then 0 should be it's right price.

>>	Anonymous Sat Dec 9 10:41:08 2017 No.4912891 >>4912852 You can use it You can use it in more places than gold. Let me guess Mr Elmer FUD, you think gold is worthless too?

>>	Anonymous Sat Dec 9 10:41:20 2017 No.4912894 >>4912826 >>4912838 >not believing in bitcoin long-term Your old mindsets will always hold you back. Been buying monthly since march. The run up has been nice, but I'm not cancelling my monthly buy.

>>	Anonymous Sat Dec 9 10:43:51 2017 No.4912939 >>4912894 you are retarded bitcoin is already at long term

>>	Anonymous Sat Dec 9 10:44:23 2017 No.4912951 >>4912891 Never understood why Bitcoin Maximalists fail to see that gold is actually useful as something other than a currency. Bitcoin has NO uses, nobody will ever buy anything with it. You have fallen for the store of value meme.

>>	Anonymous Sat Dec 9 10:44:32 2017 No.4912956 File: 3 KB, 125x91, 1511788540946s.jpg [View same] [iqdb] [saucenao] [google] but...but... but..... but mcaffe sad its is "NEW PARADIGM, AND YOU CANT APPLY LAWS OF MATHEMATICS ON IT" why would he lie, that makes sense to me.

>>	Anonymous Sat Dec 9 10:44:40 2017 No.4912959 >>4912894 Thinking bitcoin has a future is actually the old mindset, newfag.

>>	Anonymous Sat Dec 9 10:44:44 2017 No.4912961 >>4912894 >Long term hold after already existing for 8 years Explain to me why you think BTC is undervalued.

Anonymous Sat Dec 9 10:45:19 2017 No.4912972

My bosses investor friend's prediction: "Not saying this is true or is what will happen, but I think the scenario for a bitcoin crash Monday is that there are a bunch of big institutional Futures Traders sitting on large amounts of Bitcoin right now who bought along this recent bull run recently just like we have, possibly being a part of the reason this recent run was as crazy as it was... And on Monday they reverse their position by selling their actual Bitcoin and simultaneously short selling the futures contact. Large amounts of institutional traders selling their physical and shorting the futures can crash a market quick. If so they will have done what many institutional traders have done before which is bought the physical asset at a low or fair price in a choreographed way to manipulate and bid the market up to an overvalued level, and then sell the physical asset at it's height and simultaneously short the futures contract in choreographed way to manipulate a crash in the market, making money all the way on the way up and making money all the way on the way down."

JP Morgan is gonna fuck you BTC holders in the ass and then call you a fraud haha

>>	Anonymous Sat Dec 9 10:45:35 2017 No.4912977 File: 1.23 MB, 1950x1284, 797567467.jpg [View same] [iqdb] [saucenao] [google] >>4912808 you guys have seen nothing yet

>>	Anonymous Sat Dec 9 10:46:04 2017 No.4912989 >>4912951 Oh yeah because it’s aesthetic value? Or because it makes a shitty conductor? Gtfo with that retarded shit. Gold has value because it’s rare, there’s a limited supply, and it takes resources to extract it from the earth. Hmmm sounds familiar.

>>	Anonymous Sat Dec 9 10:47:12 2017 No.4913005 File: 130 KB, 1600x900, 1511970798765.jpg [View same] [iqdb] [saucenao] [google] >>4912972 This is correct but money is not time frame, give them time you do not butcher pig before prime.

>>	Anonymous Sat Dec 9 10:48:31 2017 No.4913030 >>4912939 It's only been 8 years. It took credit cards 40 years to catch on.

>>	Anonymous Sat Dec 9 10:49:27 2017 No.4913045 Damn, what's up JPMorgan?

>>	Anonymous Sat Dec 9 10:50:41 2017 No.4913066 File: 74 KB, 631x505, 1497408033975.jpg [View same] [iqdb] [saucenao] [google] >>4912989 >when fees are so high, the network is so clogged and you refuse to scale so you resort to calling it cryptogold

>>	Anonymous Sat Dec 9 10:50:59 2017 No.4913074 >>4912972 Who will take the long positions on the contract? There must be a bunch of poor shmucks who'll do it.

>>	Anonymous Sat Dec 9 10:51:11 2017 No.4913078 >>4912972 They're gonna be sorry when japan, china, and korea inject a fuckton of institutional money into the market just as they take those short positions. They better not be betting big on it, or they're going to face insolvency.

Anonymous Sat Dec 9 10:51:49 2017 No.4913089
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>>4912989
>Hmmm sounds familiar.
Almost sounds like Bitcoin - except I could buy a plane ticket right now to visit anyone along the east coast of Australia and give them a gold coin quicker than I could send them a bitcoin.

>>	Anonymous Sat Dec 9 10:54:54 2017 No.4913145 >>4913078 USA got enough money to fuck them all up if they need to. You don't fuck with the big money.

Anonymous Sat Dec 9 10:55:57 2017 No.4913168

>>4912989
>Gtfo out with that retarded shit
Gold has uses. Bitcoin does not. It is not retarded if you have the most basic understanding of economics.

>>4912989
>Gold has value because it’s rare, there’s a limited supply, and it takes resources to extract it from the earth. Hmmm sounds familiar.
It has value because it is useful AND has a limited supply. The same is not true for Bitcoin, but enjoy your digital gold.

>>	die-banane Sat Dec 9 10:59:45 2017 No.4913259 File: 78 KB, 736x507, 1512543648003.jpg [View same] [iqdb] [saucenao] [google] >>4912972 BUY XLM

>>	Anonymous Sat Dec 9 11:02:23 2017 No.4913308 File: 2.54 MB, 2948x7474, nocoiners life.jpg [View same] [iqdb] [saucenao] [google] >>4912780 >trust me guys

>>	Anonymous Sat Dec 9 11:03:28 2017 No.4913333 >>4913168 If you think gold’s value comes from its utility, you are a literal brainlet. There are a hundred other metals that do what gold does and does it much much better.

>>	Anonymous Sat Dec 9 11:04:51 2017 No.4913361 >>4913308 I don't doubt that BTC will keep running in the long term but expect some big red candles when futures come to play. And lots of normies and ATH buyers will get burned if they have weak hands.

Anonymous Sat Dec 9 11:05:19 2017 No.4913370

>>4913333
>There are a hundred other metals that do what gold does and does it much much better.
Just like there are a hundred other cryptocurrencies that do what Bitcoin does. Only infinitely better. If you're such an economic genius then tell us where its value comes from and why everyone holds it?

Anonymous Sat Dec 9 11:06:45 2017 No.4913406
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>>4912827
>Y-you s-snowflakes will see. M-m-muh experience in the pre-TRUMP era has to apply to 2017, r-right?
You boomers are so stupid, and don't even realize the cognitive errors you are making. Nobody knows what will happen next. Not me and especially not you. The rules of the past no longer apply to our present situation, surely you must realize this, oldtimer?

>>	Anonymous Sat Dec 9 11:15:22 2017 No.4913586 >>4913361 Wrong. Cash-settled futures are not bitcoin you retards. The price of Bitcoin will influence manipulated futures, not the opposite. Tards on Wall St will get liquidated. It's going to be fun watch them fail again.

>>	Anonymous Sat Dec 9 11:16:08 2017 No.4913602 >>4913168 https://www.investopedia.com/articles/investing/071114/why-gold-has-always-had-value.asp

>>	Anonymous Sat Dec 9 11:17:23 2017 No.4913624 >>4913586 They will sell their stash of Bitcoins and short the futures at the same time and trigger the weak hands to go down with it.

>>	Anonymous Sat Dec 9 11:18:02 2017 No.4913642 Is this coin going to fucking recover this time? Seriously, there are too many valid FUDs at the moment and I want to fucking sleep.

>>	Anonymous Sat Dec 9 11:18:38 2017 No.4913659 >>4913642 >Is this coin going to fucking recover this time? Doubt it

>>	Anonymous Sat Dec 9 11:20:24 2017 No.4913701 Annnnnd BCH is going up now at the same time.

>>	Anonymous Sat Dec 9 11:21:15 2017 No.4913715 Shit imagine the number of margin calls and stop losses that will be hit because of a massive drop. Thanks to freaking margins you will see price swings going faster.

>>	Anonymous Sat Dec 9 11:22:47 2017 No.4913748 File: 85 KB, 632x600, amanda-lee-2.jpg [View same] [iqdb] [saucenao] [google] >>4912752 >mfw already shorted at 15k see you back at 9-10k poorfriends

>>	Anonymous Sat Dec 9 11:24:44 2017 No.4913795 >>4913030 EXCEPT A FUCKING CREDIT CARD IS USEFUL AND CAN BE DEVELOPED UPON BTC IS A STAGNANT, OLD, SHITCOIN

Anonymous Sat Dec 9 11:25:47 2017 No.4913821

>>4913602
Investopedia is not economic gospel. Gold has uses whether you admit it or not and Bitcoin has none. The first sentence doesn't even make sense.
>with no intrinsic value other than the value humans have attached it.
So there is no intrinsic value other than the value of its perception... Quite the paradox there. Like saying you can save money by spending it.

>>	Anonymous Sat Dec 9 11:27:43 2017 No.4913870 >>4913795 That's the problem with this. Normally is no problem if I am confident in the coin but the coin is obviously shit so anything sticks now.

>>	Anonymous Sat Dec 9 11:28:41 2017 No.4913892 >>4913795 but he started buying bitcoin every month since march anon. you should listen to him because LN is coming out soon and it will fix bitcoin

>>	Anonymous Sat Dec 9 11:29:01 2017 No.4913900 >>4913370 Same reason gold is >1k an ounce and copper is pennies. It’s shiney and rare.

>>	Anonymous Sat Dec 9 11:29:10 2017 No.4913905 >>4913821 Fuck you Bitcone will be $62,000 in 2 weeks $$$$$$$$$$$$$$$ Im going to be fucking rich you fucking nigger!!!!

>>	Anonymous Sat Dec 9 11:30:25 2017 No.4913927 >>4913900 Copper is not a rare metal like gold. Once again you show your brilliant economic knowledge.

>>	Anonymous Sat Dec 9 11:32:52 2017 No.4913976 >>4913624 >They will sell their stash of Bitcoins And whales will buy the dip of actual BTC making futures look retarded

>>	Anonymous Sat Dec 9 11:34:33 2017 No.4914011 File: 48 KB, 528x960, 1512228391002.jpg [View same] [iqdb] [saucenao] [google] >>4912752 cryptomarket is overvalued

>>	Anonymous Sat Dec 9 11:40:03 2017 No.4914128 File: 28 KB, 318x298, 1111111111.jpg [View same] [iqdb] [saucenao] [google] >>4913927 reread that post. it went way over your head.

>>	Anonymous Sat Dec 9 11:41:36 2017 No.4914159 >>4914128 Yeah so what. You haven't made any good arguments still.

>>	Anonymous Sat Dec 9 11:45:22 2017 No.4914227 >bitcoin is decentralized

>>	Anonymous Sat Dec 9 11:45:39 2017 No.4914236 >>4912827 Old weirdo McAfee has been jerking off the Bitcoin hype for years, you stupid old fuck.

>>	Anonymous Sat Dec 9 11:50:42 2017 No.4914346 File: 313 KB, 612x716, 1498281943588.jpg [View same] [iqdb] [saucenao] [google] >>4912972 So I should sell my btc and invest in JP Morgan?

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