/biz/ - Business & Finance

[Anonymous No.5057792]

How is this not just a tulip 2.0

[Anonymous No.5057840]

1. Tulips were not on a Blockchain
2. Bitcoin has crashed several times and always went back up, another crash is expected and long waited.
3. In the event of a global recession it wouldn't be Bitcoin that was disproportionately hurt

[Anonymous No.5057857]

>>5057792
I love those headlines lol

[Anonymous No.5057902]

>>5057792
how is it?

Oh your full analysis is that their charts look kind of similar? lmao

[Anonymous No.5057924]

>>5057792
Do you see the healthy corrections?

Tulips is a straight line up

[Anonymous No.5057931]

1. Tuplis aren't fungible
2. Tulips cannot be divided into smaller fractions and maintain same value
3. You cannot send them instantl-, err, within 2 hours to someone around the globe.
4. Tulips have expiry date
5. Tulips don't have a limited supply

I could've written few more, but you get the idea.

[Anonymous No.5057936]

>>5057840
>Bitcoin has crashed several times and always went back up
it's called normalcy bias
one day it catch up to you an fuck up your shit

>In the event of a global recession it wouldn't be Bitcoin that was disproportionately hurt
oh now it will
its a luxury fad for people with spare money
demand for luxuries fail hard during recessions

[Anonymous No.5057938]

>>5057902
baby put square block in square hole
baby smart!

[Anonymous No.5057945]

>>5057792
Actual use cases with leading companies coming out and devoting billions towards just researching infrastructure implementations. When the richest chink in the world suddenly goes all-in on the tech and actually incorporates it into all his products and you see it spreading and can see there tangible product, you know it's here to stay. Tulips had no use case, sustainability, or integration into other sectors. This is part of Econ 101 in analyzing the tulip mania and understanding why it was such an exception among exceptions.

[Anonymous No.5057947]

No way, bitcoins are going to keep rising, infinitely. It's just logical that the market will never correct BTC because it's an exception.

[Anonymous No.5057951]

>>5057931
instant crypto is here:
https://www.youtube.com/watch?v=pjIUsVDUr_s

[elisilberbaum No.5057980]

>>5057936
>its a luxury fad for people with spare money
>demand for luxuries fail hard during recessions
bitcoin is not a gucci handbag you brainlet. Bitcoin is inflation resistant and wont fall with the dollar in a recession

[Anonymous No.5058034]

>>5057792
its not even dotcom size

[Anonymous No.5058062]

And what are shitcoiners going to do when the falling rate of profit, exponential growth and infrastructure limits are catch up to bitcoin?

[Anonymous No.5058077]

>>5058034
511 billion right now.

[Anonymous No.5058086]

>>5057980
>bitcoin is not a gucci handbag you brainlet. Bitcoin is inflation resistant and wont fall with the dollar in a recession
you are a dumb faggot if you think some overpriced chinese bag is a luxury

[Anonymous No.5058089]

>>5058034
This meme needs to be updated. Market cap is over 500 bil now

[elisilberbaum No.5058144]

>>5058086
hehe /biz/ everyone

[Anonymous No.5058172]

>>5058034

Are you retarded or trolling ?

[Anonymous No.5058196]

>>5058034
Anybody who compares crypto and dotcom market caps is retarded. The dotcom bubble had shitloads more companies involved. Bitcoin is just too large on its own right now. Right now every shitty ICO has no problem pulling together 50 million for literally awful ideas.

You tell me a world where you can magically get 50 million dollars for writing a white paper and designing a shitty website is not a bubble world.

MAYBE if you hodl until 2022 you'll get your money back and a little more.

[Anonymous No.5058251]

If bitcoin crashes....will altcoins see a lot of mooning?

[Anonymous No.5058259]

>>5058251

Good joke

[Anonymous No.5058265]

>>5058251
by crash...i mean a crash correction...not that its going to zero

[elisilberbaum No.5058277]

>>5058251
/biz/ strikes once again

[Anonymous No.5058286]

>>5058251
i think it will eventually, but bitcoin has a habit of taking other coins down with it if you look at the last months up's and downs. for normies, bitcoin and altcoin are basically the same.

[Anonymous No.5058303]

>>5058251
>>5058259
>>5058277
>>5058286

Only good coins with partnerships will survive, the rest will die

>tfw comfy holding XLM

[Anonymous No.5058335]

>>5058251
Initially all alts will suffer because they are based on bitcoins value. The good ones might moon afterwards. The bad ones will stay dead for a while.

[Anonymous No.5058508]

> its like people don't know that you can plant tulips but you can't create more bitcoins.

Not saying its not a bubble. But comparing Bitcoin to the tulip mania is intelectually dishonest and lazy

[Anonymous No.5058572]

>>5058508
you can almost infinitly subdivide bitcoin and you can just do an ICO

[Anonymous No.5058574]

>>5057792

Fiat is the bubble and it's already started to pop. Get out of Fiat while you can

[Anonymous No.5058615]

>>5058572

Yeah subdivide doesn't mean you create more you tard.
Someone with 1 BTC still has 1 BTC even if all others trade with a millionth of a BTC. Just makes the guy who has a whole BTC a millionaire

[Anonymous No.5058620]

>>5057792
we're not buying fucking flowers

[Anonymous No.5058650]

Tulips are even more useless than bitcoins

[Anonymous No.5058672]

Q: what is your Bitcoin exit strategy?

A: Bitcoin IS the exit strategy.

[Anonymous No.5058690]

>>5058572
>You can individually subdivide bitcoin
Transaction fees are LITERALLY 25$. You aren't worrying about 1/100 of a cent when you're getting jewed out of 25$ by miners.

[Anonymous No.5058720]

>>5057792
Yes goy keep saying it's a bubble, don't accumulate anything that your local bank financialist doesn't like.

[Anonymous No.5058722]

>>5058196

Tbh it's a great time to be alive to where you can make 50x that your parents did, by typing up an essay with a few buzz words and a little website dev work.

Come on anon, your parents worked 40 years to only get MAYBE 1 million.

What a time.

[Anonymous No.5058768]

>>5058722
Yeah, but adjust that for inflation, it was a lot more.
Our $1 million is basically $50k now

[Anonymous No.5059205]

>>5057931
>implying that tulips were trading hands for tulip mania.
People weren't passing the physical tulips around, it was just a numbers game. They were trading "tulips" around during the winter when there were no tulips to trade.

>Tulips don't have a limited supply
Bitcoin doesn't really either because an alt-coin can just pop up that is the exact same thing. I could go out and make bitcoin-A to Z tomorrow that would have the same rules as bitcoin. In fact many people have already done this.

[Anonymous No.5059289]

>>5057980
>Bitcoin is inflation resistant and wont fall with the dollar in a recession
Wrong.
People will cash out to pay their bills during the recession which will create a downward force on bitcoin price.

[Anonymous No.5059417]

>>5058508
>Code can't be replicated.
God Coiners are the "biggest idiots." You fags just need to hope you find bigger idiots than yourself to make money.

I can go out tomorrow and fucking make a new cryptocurrency with the same rules as bitcoin.

[Anonymous No.5059467]

>>5058620
Yeah, you're not buying anything at all except a number on a screen that no one has to accept for a transaction.

[Anonymous No.5059507]

>>5057792
Were all screwed

[Anonymous No.5059512]

>>5057857
>sub 400B marketcap
>biggest bubble

[Anonymous No.5059536]

>>5059417
>>5059467
Brainlet: The Post

[Anonymous No.5059584]

>>5059417
If some nigger pajeet like you comes along and forks bitcoin for the 1000th time, the resulting coin has no value at all. Compared to the 17k usd that bitcoin is currently worth. Forking a coin doesn't equal to more overall value you fuck

[Anonymous No.5059612]

>>5059536
Wow, you sure refuted my statement good sir.

[Anonymous No.5059625]

>>5057792
Tulips weren't a deflationary pyramid scheme protected by large Chinese mining farms.

Crypto will keep rising until the fuel runs out (when third worlders, niggers, spics are 'investing' we are doomed, but for now it's mostly Chinks and Pajeets, technology will only make crypto more accessible so it will keep rising).

[Anonymous No.5059689]

>>5059612
Nothing to refute here. You can't copy bitcoin, which is why it's valuable.
>but you can fork the codebase and make your own coin!
No shit, really?

[Anonymous No.5059697]

>>5059584
I don't get how this has anything to do with what I said. I'm neither a nigger or a pajeet as well. Bitcoin is inherently worthless with or without forks anyways.

[Anonymous No.5059703]

>>5059507
you forgot social security being impossible to pay in like 20-30 years

[Anonymous No.5059728]

I’d love to see Facebook or Machine Learning/AI stocks overlaying that graph. Or even smartphone usage.

Oh yeah, they’re an s curve and don’t fit the argument because it’s simply a matter of technology being adopted.

[Anonymous No.5059750]

>>5059507
crypto is the safest place to be since it has the least deflatable credit

[Anonymous No.5059906]

>>5059689
>You can't copy bitcoin
>you can make your own coin
If I can replicate it, it's not a holder of value. Bitcoin valuation is absurd for this fact.

[Anonymous No.5060028]

>>5059906
Have fun replicating the entire existing ecosystem around bitcoin and convincing people to switch to whatever coin and blockchain you're coming up with then. Should be easy to do, right?

[Anonymous No.5060043]

>>5059750
The safest place to be is to buy things that you will use during your lifetime. Currency's only purpose is to buy things you want or need.

[Anonymous No.5060074]

>>5060043
that might be true in armageddon not a depression

[Anonymous No.5060226]

>>5060028
Have fun replicating the entire existing ecosystem around USD and convincing people to switch to whatever currency and system you're coming up with then. Should be easy to do, right?

So, the value of bitcoin is only because you've convinced people it has value by saying its rare! AND can't be duplicated! wew, I have a tulip to sell you. It has pretty colors that no other tulip has! It has value, you should buy it and all my other tulips that are all different and unique! Just your friendly reminder that bitcoin is tulip mania 2.0.

[Anonymous No.5060276]

>>5060074
>not a depression
You've never experienced a depression. Let me know when you're eating the tiny rodents in your backyard to stay alive.

[Anonymous No.5060390]

tuwip

[Anonymous No.5060444]

>>5060226
>It has pretty colors that no other tulip has
Prove it.
How long will your tulips last? Can I access them in, say, 15 years from now on?

[Anonymous No.5060687]

>>5060226
And this is what people don't get. I constantly ask how they are going to use their crypto if an economy crashes. So many things depend on USD, including Bitcoin(your internet connection, cell phone, electricity, other infrastructure). If the USD were to experience hyperinflation, then the amount you'd be able to convert from crypto to USD would be greater, but so would the prices of everything. It's a wash.

[Anonymous No.5060818]

>>5060444
Prove that bitcoin will have value in 15 years from now.
Prove that you'll be able to transfer and use bitcoins 15 years from now.
Prove that anyone will care about bitcoin after X amount of time passes.
How long will your bitcoins be secure for? How long until technology comes out that can render your blockchain technology useless?

[Anonymous No.5060859]

>>5060687
>then the amount you'd be able to convert from crypto to USD would be greater,
More likely, you wouldn't even be able to convert bitcoin in such an event because you need someone willing to buy it from you.

[Anonymous No.5060909]

>>5060859
You don't even have to take it that far. Crypto runs on systems that use paper currency. In we in such a dire situation, you wouldn't be able to get to your wallet, forget finding someone to sell it to.

[Anonymous No.5060973]

>>5060818
>Prove that bitcoin will have value in 15 years from now.
No way to do that, but that's not that point anyway.
>Prove that you'll be able to transfer and use bitcoins 15 years from now.
Easy, as long as there's at least two nodes running you can transfer bitcoin.
>Prove that anyone will care about bitcoin after X amount of time passes.
For nearly a decade now it has been working out fine. To the point where you can hear about bitcoin in the news daily.
>How long will your bitcoins be secure for?
The ledger is immutable, so forever.
>How long until technology comes out that can render your blockchain technology useless?
Sorry, what? Do you understand how the blockchain functions?
I take it you mean quantum computing and how it will be able to crack traditional encryption, and therefor existing private keys of well known wallets?

[Anonymous No.5060977]

>>5059205
If you fork bitcoin right now, nobody will give a shit. There are thousands of alt coins and literally none of them are "granted" value just because. So bitcoin truly is limited, if you cannot understand this abstraction then maybe thinking isn't for you.

[Anonymous No.5061002]

>>5058062
https://www.youtube.com/watch?v=2T0OUIW89II

Bad argument is bad.

[Blork supreme No.5061056]

>>5057792
discord.gg/SeMVNu2

[Anonymous No.5061070]

>>5057792
>japan real estate
>japanese stocks
YAMEROOOOOO

[Anonymous No.5061093]

>>5059289
The initial hit of a recession will effect all assets negatively in the short term, but once QE hits again its gg on fiat.

[Anonymous No.5061105]

>>5058251
Only the ones that have an actual use. Which is maybe 5% of all the alts, but you are most likely holding at least some of them. You... are... holding some promising alts, aren't you anon..?

[Anonymous No.5061127]

>>5059507
capitalism is so shit that the only way to keep it going is to give sub-prime loans to tyrone.

[Anonymous No.5061142]

>>5057936
Actually I live in a shit Latin America country and more shit occurs here, more I put my assets on things like crypto (that my ass government has no direct control)

So if a crisis happens here, I will put money on crypto and pray to God.

[Anonymous No.5061153]

>>5061127
also americans are becoming so poor they can't even afford to buy anything anymore. everything has to be financed. this shit is going to be ugly when it finally pops.

[Anonymous No.5061171]

>>5057792
>he thinks tulip mania actually happened

Pretty much every modern historian says there's no evidence to support a substantial Tulip bubble ever occurring. Every account of it comes from one source which is believed to have been an exaggerated recount. In reality, tulip mania only existed among a small handful of merchants and craftsmen, and it's estimated that less than half a dozen people were actually financially impacted by it, and even then there's little evidence to support the idea that the tulip bubble bursting was the cause of their poor financial situation.

[Anonymous No.5061312]

>>5060973
>that's not that point anyway.
Lol, what's the point then?
>For nearly a decade now it has been working out fine.
A decade is not a long time.
Rome and other ancient civs lasted centuries and worked fine, but they all eventually collapsed.
>To the point where you can hear about bitcoin in the news daily.
People talk about trendy shit all the time, it doesn't mean anything.
>The ledger is immutable
False, the ledger changes with every transaction meaning that it is mutable. But I know what you mean.

>Do you understand how the blockchain functions?
yes.

[Anonymous No.5061314]

>>5060687
I usually just lurk but this has to be the dumbest shit I've ever read. "Jus hodl your dollars cuz then when you need 100,000 for a loaf of bread you'll only have 10 grand and some dumbshit with a bit coin will be feeding his family for a year."
>it's a wash

[Anonymous No.5061392]

>>5060977
But bitcoin is "granted" value just because. It was conjured out of the air in the same fashion as alt coins. If you cannot understand this then maybe thinking isn't for you.

[Anonymous No.5061409]

>>5060818
Prove the dollar won't be printed into oblivion.
Prove that there won't be a basket of world currencies offered by the IMF as a global integration of the economic power.
Prove that the stock market won't crash.
EVERYTHING IS RIKSY FAGGOT. Don't get on the highway today, people die every single day on America's highways.
>FUGGGOFFF

[Anonymous No.5061463]

>>5061171
>little evidence to support the idea that the tulip bubble bursting was the cause of their poor financial situation.
Sounds like coiners when the bitbubble finally bursts, lol.

[Anonymous No.5061464]

>>5061392
Sorry friend, you don't seem to understand how supply and demand works. You probably think socialism works as well.

[Anonymous No.5061529]

>>5061464
BTC currently does not have a high demand outside of the speculative market. Sure, there are some adopters, but they are not coming in droves. You people live in a fantasy land. The only big "demand" right now is with you and your other "investors", which is circular and artificial.

[Anonymous No.5061569]

>>5057792
>This time is different

Don't get me wrong, I love cryptos but one day eventually it will crash fucking big time... but it will recover...

[Anonymous No.5061598]

>>5061529
If the market turned and people were selling their bitcoin, would you say there is a demand for fiat or is this a market phenomenon that doesn't play by these two components?

[Anonymous No.5061621]

>>5061312
>Lol, what's the point then?
For me it's the technical aspect of cryptocurrencies. Sure, those free gains are nice but I find bitcoin and similar projects to be intriguing.
>A decade is not a long time.
Not saying it is, but you have to start somewhere. There's also not much more data to work with since a decade is all we have so far.
>Rome and other ancient civs lasted centuries and worked fine, but they all eventually collapsed.
What's the expected runtime on USD then? Couldn't that collapse in the same manner?
Also crypto"currencies" and blockchain are a paradigm shift on how to convey information in way that is unforgeable, not driven by politics. In a billion years 1 + 1 will still equal 2.
>People talk about trendy shit all the time, it doesn't mean anything.

[Anonymous No.5061659]

>>5061409
I was using the same logic as the person I was replying to, to show his faulty logic dumbass.

Why would I try to prove something that I know will eventually happen given enough time?

[Anonymous No.5061698]

>>5061598
For people who got into it late and realize it not's going anywhere and want to sell, then yes, I would say those people have a demand for fiat. Not sure where you're going with that.

Until crypto has a way of paying for needs with pure crypto, it has little large economic value. Even something like this:
https://news.bitcoin.com/japanese-pay-utility-bills-bitcoin/

Looks good on the surface(mer adoption), but really they're simply using exchanges to convert Bitcoin back to JPY, which is what they really want. This isn't even a step in the right direction. The utility needs JPY, and can't use Bitcoin to pay their own bills. Full adoption would require fiat to be dropped entirely.

[Anonymous No.5061750]

>>5061464
I know what supply and demand is.There's demand for scams and pyramid schemes from idiots all the time. Doesn't mean it has value friend.

[Anonymous No.5061778]

>>5059512
it's the MSM, they're literally that dumb retard kid in class

[Anonymous No.5061873]

>>5059205
>alt-coin can just pop up that is the exact same thing. I could go out and make bitcoin-A to Z tomorrow that would have the same rules as bitcoin. In fact many people have already done this

Right, and none of them are worth what bitcoin is worth, which proves the point that bitcoin itself has a limited supply. The fact that people can make copycats doesn't prove anything. I could print a few pieces of paper and call them "Anon's USD," but that doesn't mean they have any value relative to the real USD.

[Anonymous No.5061900]

Crypto is almost entirely owned by Gen Y/Z and it's being supported by organizations on the right side of the political spectrum.

Translated: old right-wingers are trying to take Jewish fiat funds and giving it to young, white, males.

[Anonymous No.5061919]

>>5061698
>>5061750

Full adoption would also require a coin that actually fucking works too. Bitcoin is utter garbage in terms of transacting in, because the fees and time it takes. More importantly is liquidity though. This is a long game my dude and bitcoin (or w/e replaces it) will require better transactions and much more liquidity (at least 5-7 trillion) before it'll be accept in most markets.

In the meantime people see the future potential (see Tesla) as well as a way to hide wealth without asking permission, which is massive giving it value on top of it being technologically secure. That is why its so goddamn hot right now. Plus we're nearing the end of the 8-10 year business cycle and lots of people are nervous about recession and QE.

[Anonymous No.5061976]

>>5061569
It could easily lose half the value and then go back up to a ATH, the stock market has done that repeatedly.

[Anonymous No.5062039]

>>5061621
>technical aspect of cryptocurrencies.
I've heard this many times from people. You're in bitcoin because you believe in it. That's all, it's not any different than joining a religion.

>What's the expected runtime on USD then?
no one knows
>Couldn't that collapse in the same manner?
Yes, but if USD fails your infrastructure for you bitcoin will also fail.
> not driven by politics.
If it's being used by human beings then it is driven by politics. Maybe not government politics, but it's still the same shit just different people.

[Anonymous No.5062069]

>>5057931
>3. You cannot send them instantl-, err, within 2 hours to someone around the globe.
kek

[Anonymous No.5062167]

>>5061873
>but that doesn't mean they have any value relative to the real USD.
That's a valid point, but the same thing can be said about bitcoin in comparison to the USD.

[Anonymous No.5062184]

>>5057792
>t. increasingly nervous nocoiner for the 209th time time this year.

How many times are newfags gonna post this graph? It was posted when Btc was $1000.

It was posted when it was $3000.

It was posted when it was $9000

It's posted every single time it moons.

[Anonymous No.5062216]

Not a tulip 2.0 because there is an increasing demand, and the demand will stay:
> Crypto is one big middle finger towards big corporate banks that are shitting their jew pants just like when the train arrived in Oświęcim.
> People from countries with high (or hyper) inflation see bitcoin as a safer currency
> Interest rates are low, so saving money in a bank account is just useless. People will look for ways to invest their money. Stock exchanges are booming too (no one calls that a bubble)
> There is no such thing as inflation in bitcoin. There will be 21 million bitcoin, no more. Unlike the currency manipulation by the FED, ECB and PBC. "Export is declining because our dollar is so expensive, let's print a few billion a day more"
> Low fees, low transaction fees compared to banks
> Endless possibilities

[Anonymous No.5062215]

>>5062039
>That's all, it's not any different than joining a religion.
At least in crypto I can mathematically prove that I own something, even if it's "just as number on my screen".
>Yes, but if USD fails your infrastructure for you bitcoin will also fail.
So you're a time traveller after all?
>If it's being used by human beings then it is driven by politics. Maybe not government politics, but it's still the same shit just different people.
The trade value at best. The technology itself is not.

[Anonymous No.5062230]

>>5061919
I don't disagree with any of this. Only that the future potential is not imminent and I can't justify the current valuation against fiat. I got out a couple weeks ago and have no regrets.

Enjoy the ride folks! See ya at the bottom.

[Anonymous No.5062232]

IMO Bitcoins are 100% Tulips 2.0 but fuck it, its been 400 years since humanity broke a bubble record so we might as well make some goddamn history and Bitcoin is our best bet.

[Anonymous No.5062236]

>>5061919
Full adoption will also never happen because it's value is based upon belief. There will always be others who believe what you believe in is dumb.

The USD has threat of force behind it, bitcoin has a tiny religious zeal behind it.

[Anonymous No.5062240]

>>5057792
Tulips weren't the most important creation since the internet

[Anonymous No.5062254]

>>5061919
Google lightning network retard

[Anonymous No.5062323]

>>5057792
>start at 2014 so that it can be said that the multiple of the starting price is only ~35
>look! it's exactly like the tulips!
wow i didn't think that nocoiners were this badly delusional
tulips weren't ever in the range of the equivalent of $200 in 2014 USD before their bubble
but, the takeaway here is that them agreeing with this comparison is like an admittance that bitcoin is *at least* worth the "base price" in this chart of $200—which is something that they never, ever would have ever said in 2014, or really any other time unless it suits the tone of whatever anti-crypto garbage they're pushing
d e l u d e d n o c o i n e r s
p e r m a n e n t w a g e s l a v e s
t o t h e f i a t c u c k l o r d s
f o r e v e r a n d e v e r
t o t h e e n d o f t h e w o r l d : v )

[Anonymous No.5062346]

>>5059625
Saw some posts of black ghetto folks getting in to ripple. It's fucking over.

[Anonymous No.5062360]

>>5062236
Wonderful, I'll never force you to accept crypto. Luckily others will.

>>5062254
>he's said for over 2 years now

[Anonymous No.5062390]

>>5062215
>At least in crypto I can mathematically prove that I own something, even if it's "just as number on my screen".
I can prove that I own lots of things without math. What's your point?
>So you're a time traveller after all?
Yes, I move forward in time. That being said your internet won't be up when people riot, pillage and loot when society collapses just like it's happened a 100 times before. And a currency collapse would cause that.

>The trade value at best. The technology itself is not.
There's a vast amount of technology behind fiat too, not sure where you're going with that. Bitcoins value is like a fucking yoyo, its worse than the usd.

[Anonymous No.5062392]

>>5062254
When is that getting implemented again?

[Anonymous No.5062400]

>>5062392
SoonTM

[Anonymous No.5062526]

>>5062390
Nobody considers the reality of the situation if this were to occur. Cryptos would likely be inaccessible and worthless if you can't transact with them, especially if a collapse were imminent.

Until we see companies (not little shit ones either) that run on pure crypto, in and out, including payroll, there can be no claim of adoption. Any company that accepts crypto is immediately converting it to the currency of their choosing. This is not adoption.

[Anonymous No.5062696]

>>5057792
It is a bubble but there is still a little room for gain await for us.
https://youtu.be/tk0sTStdOpQ

[Anonymous No.5062722]

>>5062390
>I can prove that I own lots of things without math. What's your point?
Mostly that most religions expect you to believe in some kind of entity that does not provably exist.
>That being said your internet won't be up when people riot, pillage and loot when society collapses just like it's happened a 100 times before.
Good thing bitcoin is decentralised then and does not care about local riots. Conversely it will continue to work until the entire planet goes to shit.
>There's a vast amount of technology behind fiat too
None that calls itself blockchain.
>not sure where you're going with that
I'm saying that the technology can be run decoupled from its value.

[Anonymous No.5062754]

>>5062526
This
Jennet Yellen said exactly this

[Anonymous No.5062809]

>>5057936
God I hope you're being ironic

[Anonymous No.5062822]

It's tulip and dumb money are the ones causing this tulips.

If we don't follow the ponzi rules, i.e. we don't buy expensive Bitcoin, this will not happen.

Play the rules of the ponzi, then ponzi peak earn the most profit. Don't play by their rules, then there is no tulip bubble.

Just greedy dumb money falling for the ponzi bull trap. This will crash hard, i.e. 90+%, it's inevitable, no coins can escape it, maybe Ripple is the only coin that doesn't crash so hard due to their large reserve.

[Anonymous No.5062832]

>>5062696
kek

The actual "Wolf of Wall Street" is telling everyone that bitcoin is a fraud.

https://www.youtube.com/watch?v=hsaU4-AUW2Y

So now we have a banker telling us this and an actual scammer is.

[Anonymous No.5062879]

>>5062526
Exactly, there won't be a complete collapse in the economy though. Bitcoin won't overtake fiat unless there was a heavy push coming from somewhere forcing people in to crypto. Bitcoin cannot be used as a currency. Ether inflates. Litecoin is old technology. Monero might be anonymous but people value convenience and ease of use over anonymity. Name a coin that can transfer your money over across the world at low cost, is immune to inflation, and won't s low down much when everyone in the world is using it to make transactions. That's right. You can't

[Anonymous No.5062924]

>>5062240
>Tulips weren't the most important creation since the internet
sorry to burst your bubble (pun inteded) but blockchain was originally invented at the same time as internet and basically is just a part of the same revolution
first cryptocurrencies were invented even before that

[Anonymous No.5062967]

>>5057792
Except cryptocurrency is not just an asset it's a fucking currency. The refutation to your argument is in the fucking name

[Anonymous No.5063198]

>>5062924
What was the first crypto currency before bitcoin?