what is it bitshit doing?

[Anonymous No.58857612]

why can't it hold 60k?

[Anonymous No.58857669]

Easier position to liquidate longs.

[Anonymous No.58857760]

>>58857612
Because it’s a scam designed to act as a cash vault to help combat inflation. If all that money wasn’t sitting in literally useless text files on a computer, it’d probably be in gold or silver or something else which would indicate inflation is as bad as it is. Crypto is a money furnace that people willing throw their money into. Patriotic really sacrificing their finances to help keep the dollar strong.

[Anonymous No.58857775]

Because 60k is still pretty close to 73k which was the peak of this bull market. Soon it won't be able to hold 50k, then 40k, etc.

[Anonymous No.58858016]

>>58857612
Why would it? Can you explain why this asset should be worth anything? Every "explanation" I've heard always fails under an ounce of scrutiny.

[Anonymous No.58858497]

>>58858016
Because Bitcoin is a measure of stupidity in a society. The more retards running around the more bullish it is for BTC. And that is something America never runs short of.

[Anonymous No.58858687]

>>58858497
Well damn now I'm convinced

[Anonymous No.58858775]

>>58857612
Because right now we're entering the pullback into septembear, get ready for thousands of dumps

my advice? start learning how to short and do timeless money-making strategies like farming money from unicorn.chain or getting into bot trading using dextools

[Anonymous No.58859027]

>>58858497
based based based
This is why I'm aping only into other blue chips; ARB, SEI, SUI
Looking forward to the launch of SUPRA

[Anonymous No.58859191]

>>58857612
Nobody is dumb enough to buy 1 Bitcoin for over 60k

[Anonymous No.58859228]

>>58859191
I'm so dumb to own about 7 btc.

>>58859027
It seems many projects, including Peaq, are waiting for better market conditions to launch their tokens.

[Anonymous No.58859347]

hmm today i think e coin is worth 15

[Anonymous No.58859528]

>>58857612
>https://archive.is/fpI1O
>Current net exposure is still above the long-term average for an election cycle, according to Goldman Sachs data, indicating there’s still room for selling.
it's not over yet

[Anonymous No.58859529]

>>58857760
>this dumbfuck thinks when you buy BTC your dollars are stored on the blockchain
you are dull

[Anonymous No.58859532]

>>58857760
Why would I buy boomer rocks if I can just buy bullets and rob you, retard?

[Anonymous No.58859535]

>>58858016
Trustless fixed unit of account.

1 BTC = 1 BTC. Realize how revolutionary that is, a trustless, fixed, autonomous, decentralized unit. That is what we've always wanted from money, it's why gold was used, because the natural properties of gold create an approximation of a unit. But gold isn't fixed in supply and is only low trust, and even then only low trust in physical form. As economies because more complicated gold needed to be abstracted rendering gold entirely trust-based, opening the door to corruption and the current sorry state of money.

What we want from money has always been the unit, by having a unit of account we reduce the number of prices from n^n to n. We cannot engage in economic calculation without a unit, but the units we've been forced to use out of necessity do not provide a clean economic signal. BTC provides an incorruptible price signal of trustless money, the most useful thing ever.

[Anonymous No.58859594]

>>58859535
>Trustless
It's not. You have to engage with fallible technology and your own fallible human nature. You have to trust yourself to be completely perfect and not make mistakes or you will delete/lose your entire net worth in the blink of an eye. You have to trust the hardware and the code you're interacting with. You have to trust someone won't use a wrench attack against you. This is not feasible.
>gold isn't fixed in supply
Neither is BTC. They've changed the sourcecode before and when it benefits them again they will change it again. They can always up the supply cap or create tail emissions.

[Anonymous No.58859629]

>>58857612
just wait til you see the drop to 35 and the jump to 80

[Anonymous No.58859647]

>>58859594
Trustless. The unit is trustless. Your post is hardcore cope, protocol can't be changed without consensus, bugs aren't lethal, BTC will swallow the world, belief not needed.

[Anonymous No.58859665]

>>58859647
>Trustless
I don't think you understand what this word means.
>protocol can't be changed without consensus
It's been changed before, you abject moron. The miners came to consensus and neutered your beloved project. What makes you think they won't do it again?

[Anonymous No.58859669]

>>58859191
You're dumb enough to not know what marketcap is. Gold at a 17 trillion marketcap and $2.5k price is a higher price than bitcoin at a 1 trillion mcap at $60k

[Anonymous No.58859730]

>>58859665
You are dim. You don't understand the systemic function of money, nor the problem Satoshi fixed. Trustless, as in: without trusted parties. World's first trustless fixed unit of account.
>miners neutered your beloved project
Never happened. Large-blockers were the miner dicksuckers, dumbfuck

[Anonymous No.58859861]

>>58859027
Supra? wow you ape in some much blue-chips, low cap memecoins and rwa vesta seems a nice holding as well

[Anonymous No.58861669]

>>58857612
you haven't bought enough. buy more.

[Anonymous No.58861672]

>>58857612
cause it's bitshit. Why else?

[Anonymous No.58862636]

>>58859665
>still no argument
>>58861672
Don't check the chart

[Anonymous No.58862688]

>>58859191
I got 3 coins at $69k and I'm probably marter than you.

[Anonymous No.58862713]

>>58862688
Checked and based. On a 4+ year timescale, it's always a good time to buy BTC.

[Anonymous No.58862723]

>zog id
>telling people that his broker having no liquidity is of no concern.
>>58857760
There are 2000 digital dollars for every paper dollar, ans they're all not even real dollars, a real dollar is made of silver. Gold and silver prices being low give faith to the fed notes. Unironically physical cash is becoming scarce

[Anonymous No.58862724]

>>58862713
Yeah. My retirement target is ~9 years from now and after that point I'll just slowly bleed my supply to pay for living expenses since I don't and won't have anyone to pass the coins to when I die.

[Anonymous No.58863045]

>>58862723
Dumbfuck, dollars aren't "stored in BTC", they can't be "using BTC to drain dollars" as the dollars that are exchanged for BTC are still in the banking system, just under different hands. Dumbfuck.

[Anonymous No.58863736]

>>58859191
I stake RAM to earn some EOS and BTC as reward on exSatNetwork.

[Anonymous No.58863750]

>>58863045
That doesn't matter at all. They have virtually infinite dollar supply since they can print as much as they want. The only way to have any effect on usd is by not using it. That's why USA invades and destroys countries who attempt to not use it.

[Anonymous No.58864052]

>>58863750
>They have virtually infinite dollar supply since they can print as much as they want.
Yes.
>The only way to have any effect on usd is by not using it.
No. USD is subject to supply and demand like everything else, aggregate demand will encode the price signal of money into BTC. This isn't a new phenomenon, we have been using equities (out of necessity) for this function since '71, BTC simply improves on equities by being fixed in supply and without counterparty risk

[Anonymous No.58864358]

>>58857612
It's gonna hit 70k after the SUPRA TGE.

[Anonymous No.58864371]

>zog id promoting cryptocurrency
Pottery

[Anonymous No.58864501]

Bitcoin is going back to 30k.

[Anonymous No.58864539]

>>58864371
>Slavemind promoting inferior oligarchy
controlled monies
Dull.

[Anonymous No.58865136]

Hooooly fuck stop looking at bitcuck getting railed by big blackrock cock and do something else dude, I can guarantee you missed out on re.al's steady green candles, TON's mega pump, BCH's comeback. EVERYTHING is doing well and you niggas just hold bitcoin like morons that barely understand what a wallet is and how it works.

[Anonymous No.58865140]

>>58862713
Daaamn bro almost as if day trading, swing trading, options and whatever the fuck else are all tactics to cut corners and get rich type schemes with entire industries focused on selling courses with fake advice to retards. Almost as if you can get rich over time by trying to buy bitcoin at cheap prices and letting it grow. Fascinating innit?

[Anonymous No.58865142]

>>58865136
bitcoin is bitcoin the rest is trash. period

[Anonymous No.58865143]

>>58865142
>t. 0.289 $BTC holder

[Anonymous No.58866583]

>>58859535
the problem with bitcoin is that you cant easily count it
0.00000023 BTC for a burger?
no one is going to understand it, satoshi counting needs to be adopted or another method needs to be invented
you could say a pizza costs 5 BTC back then, that was easy

[Anonymous No.58866606]

>>58857612
I only hold for long periods of time if there's any rewards, no VC funds or the token is fully circulating
I'm actually insane

[Anonymous No.58867181]

>>58865142
Lmao
Biz always has that 1 dumbass in a day. Bitcoin is Bitcoin yes but that doesn't mean there's aren't other alts worth holding out there. Imagine fading AI/DePIN alts now.

[Anonymous No.58867544]

>>58857775
How dumb of you to think 73k was the ATH of this cycle. Y'all bears disgust me

[Anonymous No.58867599]

>>58865143
he could hold 0 and still be correct

[Anonymous No.58867623]

>>58867181
But they're all dumping really hard

[Anonymous No.58867939]

>>58858497
So if Trump wins, is that bearish for Bitcoin?

[Anonymous No.58867950]

>>58867181
Alts are dumping like shitcoins

[Anonymous No.58867975]

>>58857612
Because, Mumu, it's bear season.

[Anonymous No.58867984]

>>58866583
>What are satoshis

[Anonymous No.58868193]

>>58859529
They are implying the Fed sells most of the coins to absorb cash on the market.

[Anonymous No.58868608]

>>58867623
That's the part where you get to load up. There's no way you buy solid alts that are practically on sale now like FIL, NAI, GRT, TAO, AIOZ etc and not make solid profits when alt season comes. Its a no-brainer

[Anonymous No.58868658]

>>58857760
It's funny because it's true!

[Anonymous No.58868973]

>>58861669
>you haven't bought enough. buy more
Lmfao, I'm only waiting for more dip to deep my ass in eth, push protocol and Myro

[Anonymous No.58868977]

>ARB
I just love how it’s integrated into Push Protocol for on-chain communication within its ecosystem—pure win.

[Anonymous No.58869980]

>>58866583
You don't need to use The unit of account for common transactions, obviously. Aggregate demand for the unit of account functions that BTC satisfies (e.g. long term savings) are sufficient to encode a high fidelity incorruptible price signal of money.

[Anonymous No.58870001]

>>58868193
Fiat by its nature increases exponentially, it does not move the needle if the Fed were Satoshi and every early maxi, the value of BTC going forward would not change. BTC's value is that it is a trustless fixed unit of account, which satisfies the systemic economic function of money. We've been forced by necessity to use garbage solutions, trust based solutions that have always, and will always, be abused. The problem has never been that money is corrupted, it's that money CAN be corrupted. You don't need to use it for everything, because it's a liquid digital asset, aggregate demand will encode an incorruptible price signal of money into it, it will become sole denominator in-the-limit. 1 BTC = 1 BTC. We didn't have this, now we do.

[Anonymous No.58870120]

>>58857612
I don't fucking care, I converted most of my tokens to EOS so I can enjoy that juicy rewards on Binance.

[Anonymous No.58870201]

>>58857612
I don't care what the market is doing. Once SUPRA has its TGE, I'm slurping aggressively.