[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 50 KB, 1024x1024, Bitcoin.svg.png [View same] [iqdb] [saucenao] [google]
6366171 No.6366171 [Reply] [Original]

so is bitcoin now a shitcoin or is it just after the normie hype?

>> No.6366265

its been a shitcoin for years

>> No.6366272

edit: is it settling after the normie hype

>> No.6366318

it's nearing the end of a normal consolidation phase that was prolonged by fake news over Korea.

three more days.

>> No.6366932

>>6366171
Normies have come and gone, with very little impact to btc, most mover on to alts with better gains. There are no more big gains to be had in this coin.

It will never go 20k+ with the current pool of ctypto buyers. If you bought long ago, great! But for everyone else it's not really a great investment compared to other alts.

>> No.6366968

>>6366932
Wait so let me get this str8, you think that BTC will never go past 20?

>> No.6366987

>>6366968
Correct, screen cap this.

>> No.6367024

It's over.

During all 2017 Bitcoin was artificially pumped until normies invasion.

smart money already cash out, now to not make it too obvious it's slowly going down bouncing up and down, it can't go to $5k-$7k in one day.

It won't go over 20k again at least for the next 2 years.

>> No.6367276

>>6366987
okay I will. I'll see you in february. don't puss out, you'd better be here. I want you to re-read what you said when we are pushing 40k.

>> No.6367354

>>6367276
Pushing 40k on what fundamentals? The cultists on r/bitcoin are pretty much the only thing keeping this alive at the moment.

>> No.6367424

>>6367354
The same fundamentals that brought us this far.
Store of value supported by capped supply and proof-of-work network that progressively grows to handle increasing difficulty. Simple and effective.

>> No.6367473

>>6366171
At this point if bitcoin dies, all of crypto goes with it. so no it's not dead, not even close.

>> No.6367515

something about the coin actually has to change for anything to happen. And the solution has to be better than what other coins have to offer for it to get hype.

In terms of percentage gains, the more expensive a coin gets the lower your potential profits anyway. So Bitcoin is dead weight for anything other than dumb asses with no concept of how this shit actually works. BTC is fucking dead. Its been dead for a long time.

>> No.6367520
File: 29 KB, 1505x1259, bitcoincash-white.png [View same] [iqdb] [saucenao] [google]
6367520

>>6366171

>> No.6367540

>>6367424
Except this is the first time in history BTC has reached such critical mass that it doesn't work anymore for the common person. Due to the cultish mentality of the team, it is not cheap or fast or decentralized anymore. It's changed.

>> No.6367554

>>6367473
Its dead in terms of gains. If a coin lives by gains then it dies from lack of gains. Bitcoin is fucking dead.

>> No.6367568

>>6367354
reddit and 4chan are bored of it, but normies are hyped about it now. cnbc talks about it all the time

>> No.6367577

>>6367424
Bitcoin's fundamentals are digital cash. Store of value meme is really "shit doesn't fucking work".

>> No.6367617

>>6366932
>>6366987
>>6367354
normies are poor and cannot affect the market so much

but when big money decides it is time to pump the king you are gonna shit your pants

>> No.6367624

>>6367554
it's the gateway drug to the casino, there's more price action in the shitcoins, but also way more risk

>> No.6367632

>>6367540
None of that matters.
What are the fundementals of gold? Diamonds? Are they fast or cheap to move? Are they decentralized? Do you believe in "team" or entities that control the supply? Do they work for the "common person?"

>> No.6367639

>>6367568
Try and go on r/bitcoin's "new", you'll see the sheer amount of normies disappointed by its fees and slow as fuck TX times. Not to mention thei TXs getting stuck forever. They won't touch it again.

>> No.6367684

>>6367632
No, but gold was never intended as fast, cheap to move or decentralized. It is what it's supposed to be. Bitcoin, on the other hand, is not. Big difference.

>> No.6367690
File: 63 KB, 1591x513, Winter'sComing.png [View same] [iqdb] [saucenao] [google]
6367690

>>6366171
It'll all be over soon anon don't you worry.

>> No.6367786

>>6367276
Im not sure it can pump with so much confusion about scaling...

>> No.6367862

>>6367639
the dev's will eventually fix it and it will 10x

>> No.6367898

>>6367624
Bullshit, WE THOUGHT there was more risk last year. In reality the main alt coins have proven to be safer and better investments. Every major alt coin outperformed BTC. ALL OF THEM.

Not one of them randomly. ALL OF THEM. As in Bitcoin earned less than MOST top 100 ALT COINS. By a lot.

The only risky coin was Bitcoin. Hindsight is 20/20
Don't make the same mistake in 2018.

>> No.6367921

>>6367684
Gold does not "intend" to be anything. It simply is. It is humans who assign value to it. Not because it's "supposed" to be anything, but because of our own internal logic and psychology.

Satoshi may have had certain intentions when he designed Bitcoin, just as the founding fathers of many nations and companies had certain intentions when they created the United States, or Rome. But over time, the nature of the beast changes as it outlives its authors. Bitcoin is a substance, just like gold and diamonds. A digital substance. It is people who decide what a substance is worth, and not always for reasons that seem rational. But a keen mind will perceive what truly motivates people: rarity is an example of just such a quality. Realistically, it adds no function or utility to the substance that possesses it. Yet it is a feature of nearly all substances that are perceived as stores of value.

>> No.6368004

>>6367862
I hope they do, but honestly it looks like someone has big interests in keeping the fees the way they are.

>> No.6368022

>>6367898
Just as many people lost money in that volatility as won, probably more.

>> No.6368024
File: 44 KB, 600x600, 1515427078718.jpg [View same] [iqdb] [saucenao] [google]
6368024

These BTC supporters are even more delusional than the normies with TRON this is painful to read

>> No.6368059

As soon as it becomes easier to buy altcoins without using bitcoin it will crash hard. That's like half the demand for this shitty old coin.

>> No.6368166

>>6368004
eventually they will realize that the gains from fixing bitcoin outweigh the gains from tx fees

>> No.6368204

>>6367921
I agree with all you said, but it's all irrelevant to what I stated. I'm saying that when people think of Bitcoin, they have certain expectations: fast, cheap, decentralized digital cash.
Instead, what they actually get is a very slow, very expensive, centralized digital gold.
The difference between expectation and reality is what turns people off. And by the way, this "Bitcoin is not SUPPOSED to be loke cash anymore" only came out as a cope for its problems.
I'm trying to help you see reality here, as an ex Bitcoiner who used to be completely brainwashed and unable to see problems that were right in front of me.

>> No.6368233

>>6368022
Zero of them lost money if they held Doge, Dash, ETH, LTC, XRP and pretty much any coin in the top 20 CMC right now that existed through the entirety of 2017.

Zero of them. And they made more than double sometimes as much as half a million for the same investment. Not one of the major coins died or lost value. If you bought January first 2017 Bitcoin was the worst investment hands down.

>> No.6368258

no will grow with crypto as a whole

>> No.6368279

>>6367921
And by the way I'm not saying Bitcoin is necessarily dead yet. Just that it's at a critical point and people involved in it refuse to see it.

>> No.6368280

Speaking of everyone's favorite dinosaur coin:
https://fork.lol/pow/retarget
Next BTC difficulty adjustment is in an hour and a half.
It's going up another 15%.
Get ready for even worse fees and tx times.

>> No.6368307
File: 53 KB, 600x480, trudeau.jpg [View same] [iqdb] [saucenao] [google]
6368307

I thought all that drama and FUD last year was based on changes to BTC which would decrease fees and delays, but here I am in 2018 using LTC for everything. I expect it will drop in volume and price until the fees and tx times are in line with other crypto.

>> No.6368330
File: 77 KB, 288x232, 1515575052309.png [View same] [iqdb] [saucenao] [google]
6368330

>>6366171
soon BTC will eclipse us all alts. moon? no, BTC will be the sun.

>> No.6368329

the normies are the ones pumping everything else. the late adopters who missed out on bitcoin are the ones trying to convince everyone it's dead.

so what are you, an early adopter now rich thanks to bitcoin/ethereum, or a late adopter normie trying to catch pumps created by those of us early adopters?

>> No.6368418

>>6368233
Lots of people don't hold my dude, that's why they're called weak hands. Couple that with terrible entries and its not uncommon for someone to lose 40-80% on a very bad trade in this market. There's threads on /biz/ about it right now.

>> No.6368455

>>6368204
>I'm saying that when people think of Bitcoin, they have certain expectations: fast, cheap, decentralized digital cash.

Maybe a long time ago.
Do people really think this now? Who?

>"Bitcoin is not SUPPOSED to be loke cash anymore" only came out as a cope for its problems.
I prefer to think of it another way. The attitude towards it has changed because people still appreciate it for what it does well, they have just moved on to other assets to fill needs that bitcoin can't satisfy.
Bitcoin doesn't pay dividends and isn't fast or cheap to transfer which makes it a poor currency and investment vehicle.
It is, however, an amazing store of value and speculation vehicle, absolutely the best in history, and still hasn't topped out yet.

>> No.6368460

It'll go up once exchanges sort out registrations and let in a flood of new normies to bleed for fiat.

>> No.6368472

Jesus christ bros I'm new to this shit my transaction fee was 0.00120000 bitcoin thats like $20 what the hell


I thought this shit was supposed to be fast and cheap?

>> No.6368585

>>6366171
bubble gonna burst get out now, sell your BTC to XAU
https://www.youtube.com/watch?v=StYxb3hNqxY

>> No.6368651

>>6368455
I agree, it's a good store of value because of its security; but then again, its price per unit might keep decreasing over time due to its current problems not being addressed.
Then your store of value turns into a depreciating asset.

>> No.6368691

>>6368418
>Lots of people don't hold my dude

The fact you dont realize this is a shit argument is awesome to me. So your argument is that bitcoin was better to hold and never trade because trading is hard. In the context that holding and never trading alts is more risky.

LOL!!!

>> No.6368795

>>6368472
Coinbase sends each BTC transaction separately instead of batching them. Even a 1 minute delay to batch transactions together would drastically reduce their network usage without having a noticeable effect. Because of all the normalfags using Coinbase to buy BTC, it now accounts for over half the network's traffic, resulting in drastically increased fees due to Coinbase taking up so much space and overpaying for transactions.
Of course, what does Coinbase gain from this? It is affiliated with BCH, who in turn are affiliated with a large mining group who benefit from Coinbase jacking up the fees. By buying ETH/BCH for a low price, weakening Bitcoin, and then having them flip BTC, Coinbase can also make an immense amount of profit.

>> No.6368837

>>6368691
Most people's risk tolerance can hardly stand Bitcoin and its the least volatile. That's what I'm saying or ETH. Most shitcoins swing far too hard for most people to want to hold through. People have weak hands on BTC and ETH ffs. So idk why you think people aren't selling losses in this market.

>> No.6368889

>>6368795
Then your coin sucks and is not a store of value.
Simple as that. Acting like giant babies crying and whining that the world is super unfair and that people are being big meanies and taking down muh shitcoin because its so vulnerable to attacks! WAAAAAAHHHH!

Your coin sucks bro
Upgrade to literally anything else.

>> No.6368930

I was shilling pfr and prl here for you on /biz since both were 0.07 and 0.01 respectively. Get profit on egas and make me (and you) rich.
Take a look@ https://coinmarketcap.com/currencies/ethgas/

>> No.6368951

>>6366318
No
>>6366171
No. You've been saying this for years. It's going to keep mooning

>> No.6369023
File: 108 KB, 1200x675, Cxp4jryWEAMX0zl.jpg [View same] [iqdb] [saucenao] [google]
6369023

>>6366987
I fucking screencapped your dumbass

You probably have ADHD and no patience. Just fucking hold.

>> No.6369035

>>6368837
>Most people's risk tolerance can hardly stand Bitcoin and its the least volatile.

Sure, I held my BTC over most of 2017 because I too was a moron just like you. But the difference between me and you is that I am looking back and going "Hey that was dumb, lets see how I can improve my situation in 2018"

Its called learning from past events. Your argument is that you think its a good idea to continue to be a complete money hating idiot now that we know they situation has presented itself to be clear that BTC is inferior to alts.

Adapt you fucking idiots ADAPT!! Why wont you fucking learn!!!

fuck it, I can unironically call anyone holding BTC a poor fag right now. My gains have been so much better that its laughable to hold BTC at this point.

>> No.6369092
File: 77 KB, 600x536, Laughingwhores.jpg [View same] [iqdb] [saucenao] [google]
6369092

>>6369035
>he thinks I'm holding Blockstream Core

That doesn't matter. I'm not talking about you or me, I'm talking about the market, dingus. I never at any point said anything about what you're doing in your folio.

>> No.6369121

A lot of people can't afford Bitcoin and try to come up with reasons it sucks so they can play with shitcoins. They get mad when their shitcoins gets dumped because of BTC movement and it increases their anger. They simply don't understand the market and are newbies. You also have stupid people who cashed out around 7k and trying to FUD the shit out of it because they're retarded.

>> No.6369136

>>6367024
I fucking hope it goes down to 5k just so I can keep buying it up

Bitcoin will be everywhere one day. Fuck it's still used all over Tor as well. 48% of Bitcoin transactions happen on Tor. As long as drugs are illegal and people need illegal guns Bitcoin is going fucking nowhere. It's going to keep it'll hit 30k this year easy.

>> No.6369204

>>6369092
oh wait you have BCH?

carry on then. I am talking about the Segwit shitcoin. BCH might do something eventually.

>> No.6369214

>>6367554
It's nowhere near over. It's still getting started

>> No.6369313

>>6369214
Segwit coin is dead.

BCH can be argued to be "just getting started" though.

Segwit coin is fucking dead though.

>> No.6369363

btc is legal currency in japan
btc currently has largest adoption
btc will continue to have large adoption
lightning network isnt a meme even if it is its still the gold standard

since the summer people have been saying btc is dead but its in a bear cycle rn and alts are in a bull cycle, it was the reverse couple months ago and in the summer it was like how it is now, the cycle will continue

btc bull run soon

>> No.6369364

Will someone buy my BCH for $9500

>> No.6369410

>>6366171
Have you ever used it? BTC is trash. Litecoin is infinitely better and it's still trash.

>> No.6369414
File: 8 KB, 200x196, 5fd.png [View same] [iqdb] [saucenao] [google]
6369414

>>6368059
Don't you think they would have done that by now. You'll always need BTC or ETH to buy shitcoins

>> No.6369456
File: 111 KB, 1000x581, 1515567592304.jpg [View same] [iqdb] [saucenao] [google]
6369456

pump it

>> No.6369635

The Lightning Network becoming usable can give BTC one more big pump.

>> No.6369826

35k spike Feb14 - Green Valentine

>> No.6369847

>>6369635
>The Lightning Network becoming usable

I highly doubt it. So far, they've only did a one transaction test. That's fucking nothing. That also have no timetable for release.

Inb4 it's not a product. It's a fucking product when you have to pay money for it and a for-profit company maintains it.

>> No.6370003

>>6369847

There's a whole Testnet of shit happening with the lightning network, and the main net nodes are starting to grow even though its a pre release product. If it's implemented successfully BTC will absolutely crush 98% of alts and surge to 30 - 40k no worries as more and more organizations begin to adopt it with near instant transactions and minimal fees

>> No.6370147

>>6366171
yes shitcoin dont buy get something else like eth or cheaper coin like vtc verge or iox

>> No.6370452

>>6368889
I have ETH transaction pending for almost 9 hours already. Your argument is weak just like your hipster shitcoin, ETH fag.

>> No.6370773

>>6370452
No you don't have an ETH transaction pending for 9 hours. The current speed for an average ethereum transaction is well under five fucking minutes. Even if you deliberately set a very low gas price (6 fucking gwei), you'd still be on the chain in under thirty minutes. Only 7% of all transactions sent are sent with less than 20 gwei.

I hate you and your lies.

https://www.ethgasstation.info/

>> No.6370985
File: 8 KB, 211x344, Capture.png [View same] [iqdb] [saucenao] [google]
6370985

>>6370773
lol shill harder hippie

>> No.6371055
File: 96 KB, 1325x633, Untitled.png [View same] [iqdb] [saucenao] [google]
6371055

Grandpa is waking up

>> No.6371182
File: 12 KB, 319x369, Capture1.png [View same] [iqdb] [saucenao] [google]
6371182

>>6370773
testing another one with only two

and i just set one more with 0.1 gwei but it wasn't picked up yet

>> No.6371531

BTC fell from 90% dominance to 32%. I'm sorry you blockstream/core shills, but your coin fucking sucks. It has all 100% media attention from its name, its history, and it's still shitting the bed.

I don't know what is worse, Blockstream killing the coin, or the few BTC users ignoring that it is dead and believing it has a future.

Grow up and buy BCH and ETH, you ignorant cunts.

>> No.6371677

>>6368204
It's *not* digital gold though. Want to see what digital gold should look like? Here; https:// www.vaultoro.com wake up the next morning and you know your digital gold is going to be worth the price of actual gold, it's a proper store of value, not this fake cope masquerading as a selling point because BTC cannot get its shit together and has been sabotaged by blockstream. Every day now we hear bullshit about the arrival of lightning when the simple routing problem at the very core of how the protocol will work has not yet even actually been solved. It's like promising to power the world with nuclear fusion on research reactors that don't actually give a net return on energy invested but hey look a tokamak and a motherfucking plasma, normies amazed.
Anyone in this space who knows what the fuck they are doing should not be holding a significant amount of BTC long term period.

>> No.6371741

>>6371531
>BTC fell from 90% dominance to 32%
Mostly because of ETH and other shitcoins. I bet at the end of the day ETH miners turn their fees(which are pretty high) into BTC lol.

>> No.6371783

>>6371741
What in the actual fuck else do you suppose is going to eat market share if not the competition you fucking brainlet? Of course other coins took the share, that doesn't mitigate the core point that BTC is sabotaged and thus fucked, and you are being promised rainbow farting unicorns to fix it, and you are stupid enough to lap it up.

>> No.6371824

Like it or not, Bitcoin is the brand that brings the herd in. There would be no alt bullrun right now if Bitcoin hadn't bulled from 4k to 9k by thxgiving

>> No.6371923

>>6371783
>BTC is sabotaged

And why would anyone would sabotage it, what's their end game?

>> No.6371965

>>6369136
>what is monero

>> No.6371968

>>6371923
To sell side/off chain products. Or even more nefariously to cripple it long enough for bankers to get into position. After all a bunch of retards just gave their crypto away for free (XRP).

>> No.6371974

>>6371923
How about not losing the power that they've accrued and used to control the world over the past hundred or so years? I don't know, shit, maybe that's motivation enough? Who the fuck are AXA and why are they invested in Blockstream? Who the fuck is Henri De Castries and why is he intimately involved with both AXA and the Bildeberg group? Follow the fucking money son.

>> No.6372002

>>6366171

Flippening incoming, BTC will die a slow death. ETH to 20k in 5 years.

>> No.6372005
File: 7 KB, 225x225, 1515710896001.png [View same] [iqdb] [saucenao] [google]
6372005

Pic related is the Corecucks who think BTC has a special magical property they can't explain which makes it "digital gold".

>> No.6372030

IME, I only hear retard normies mentioning BTC

>> No.6372037

>highest market cap by far

>" is it dead?"
>"is it a shitcoin?"

>> No.6372049

>>6366318
this. altcoins will get slayed like always and BTC will rise again. prolly still a couple weeks of shitcoins mooning before BTC goes to 40k.

>> No.6372050

>>6366171
It will wreck us all in a week or so I'm sure.

I hate the coin but you have to remember how much is behind BTC. It's not just some normies and hodlers, there is a HUGE industry behind making sure BTC stays up.

>> No.6372105

>>6372002
Goddamn fucking straight. I'm tired of being polite about this shit, every honest cryptocurrency that remains will and absolutely should feast on the corpse of BTC. BCH, ETH, ADA, SKY, ENG, XZC, XMR etc are all going to have an absolute field day when the great mass of people finally realise that BTC is nothing but a hollowed out shell, a victim of a wasp parasite injected into it long ago, shambling about only in the terminal phases of its death and sucking up the money of complete fucking idiots who don't know a proof of work algorithm from an ECDSA curve.

>> No.6372108

>>6371974
>Follow the fucking money son
Im confused. Are you in support of investing in bitcoin because of the implications of such companies having a stake? Or against it? Because if the point is to follow the money... Buy bitcoin. Friendly reminder that altcoins only have so much money in them because its the best way to shake btc out of 'traders'.

>> No.6372188

>>6372108
Would you have used Microsoft Linux if it were released when Microsoft was losing market share hand over fist to Linux distributions in the server space? Why would they release such a thing if not to sabotage the product and promote their own offerings as it obviously fails? Why do you suppose the sabotaged zombie BTC will be treated any differently from the party that has effectively co-opted it? They don't want the world on BTC, and they don't want cryptocurrency advocates gaining wealth or power, they are just manipulating idiots who can't see their transparent play into throwing away the actually valuable decentralised hard supply limited assets they do have in chasing this wreck of a shitcoin. Every time they see some clueless fuck who counts their portfolio in sats they probably piss themselves laughing.

>> No.6372221

>>6372108
Blockstream Core failed. They were suppose to get LN and all the sidechain products up and running before all this congestion hit. There might be others interested in Blockstream running Bitcoin to shill their products, but most people who do commerce do not want this at all and in the meantime BTC doesn't work at all.

>> No.6372262
File: 412 KB, 598x583, BLENDER#HODL.png [View same] [iqdb] [saucenao] [google]
6372262

>> No.6372313

>>6372188
>They don't want the world on BTC, and they don't want cryptocurrency advocates gaining wealth or power, they are just manipulating idiots who can't see their transparent play into throwing away the actually valuable decentralised hard supply limited assets they do have in chasing this wreck of a shitcoin
You are delusional. The true future of cryptocurrency isnt some ancap retard paradise, think darker.
Crypto is the perfect tool for control over a single global economy. Take over the space while its early and mold into their image.. Not to risk it heading in a direction they cant control.

>> No.6372336
File: 40 KB, 900x1213, 1514724678329.png [View same] [iqdb] [saucenao] [google]
6372336

>>6371677

>> No.6372349

>>6371824
That's like arguing that there would be no netflix without blockbuster. Sure it helped to popularize the video rental industry, but they could not keep up with the times. Eventually consumers had better options, and blockbuster died. We are literally witnessing that with bitcoin now.

>> No.6372420

>>6372313
This would be Microsoft windows re-branded as Microsoft Linux. I know the smart city totalitarian dictatorship play as well as the next conspiracy theorist, and it won't work, for the exact reason that BTC is already at 32% market dominance. People reject their control, they have rejected it since time began, their entire sorry career is an exercise in re-asserting that control only to have it thrown back in their face, time after time after time. And that's just what's happening here, already near 70% of the market has stopped believing in their bullshit, how long do you think it will take the rest of them to figure it out? Clock's ticking motherfucker, and surrender to totalitarian dictatorship is not an option to anyone with a functioning pair of balls.

>> No.6372461

>>6372349
>pajeets make a hundred shitcoins
>muh marketcap of 100 million supply coins with only a total of 100btc daily volume
>muh bitcoin is losing market dominance huur duur
Lmao

>> No.6372499

EGAS has a 13 mil max coin supply and the price is sub 10cents right now. Even if it turns out to be a scamcoin it will definitely get pumped to $1 before then and that will only put it at 13m market cap.
Take a look@ https://coinmarketcap.com/currencies/ethgas/

>> No.6372509

>>6371965
Nowhere. Disconnected from Tor rn just so I could come and reply to you. If you just go through the main places in the hidden wiki to buy shit no one is using anything other than BTC.
No hacker wants to get paid in Monero when BTC keeps exploding as long as you hold

>> No.6372517

>>6372461
This is like saying if the world economy had figures denominated in bushells of wheat rather than USD or ounces of gold, it would be bushells of wheat that actually control the world economy. The map is not the territory and the product is not the label, alts being denominated in BTC Is largely a consequence purely of the orderbook formatting presently, and it is already decaying as BTC decays and various exchanges implement base pairs that are not absolute festering shit.

>> No.6372527

BTC = Myspace
ETH = Facebook

Anyone that actually trades figured this out last year. Normies will eventually figure it out too. BTC is a bloated corpse that suffocated under it's own weight. It's only propped up right now by the influx of normie cash which will end when they see for themselves how unusable it is

>> No.6372548
File: 734 KB, 1264x6025, kJ94x5u.png [View same] [iqdb] [saucenao] [google]
6372548

>>6372313
This guy gets it. Blockstream's purpose isn't to destroy BTC, but to take control of it, and they can only achieve that by the use the technical debate of scaling as an excuse. What they really were after all along was to move the transactions into their own 2nd layer solution, which effectively takes the bitcoin out of bitcoin, it'll be eventually like PayPal over BTC. It simply can't work in any other way. They knew that all along and chose that path for that reason, so they could offer their Liquid software to hubs to provide the channels for the end users.

>> No.6372563
File: 338 KB, 2008x1758, yeahright.png [View same] [iqdb] [saucenao] [google]
6372563

>>6372509
Yeah I'm sure they want exposure to gains on the absolute lowest line on this chart.

>> No.6372575

>>6372420
Im done here. You think more money flowing into the market as a whole is a sign that bitcoin is dying and thats just ridiculous. 12 months ago people thought 5k by eoy 2017 is a dream. 24 months people thought we'd be lucky to see an eight figure market cap for bitcoin again.

>muh market dominance
...

>> No.6372595

>>6372548
To control BTC *is* to destroy it. It's not a cryptocurrency anymore, it's just another shit tier ripple clone.

>> No.6372621

>>6372575
Right, keep buying horseshoe makers as cars takeoff, after all, money is flowing into the transportation industry, what could possibly go wrong. Clueless fuck. I'm glad it's people of your calibre on the opposite side.

>> No.6372679

>mfw idiots don't realize the entire purpose of alt rallies is to make profit in bitcoin and eventually cash out

>> No.6372721

>>6372621
Youre too fresh in this market. You dont understand the true purpose of alts. Sure there a handful of awesome projects... But 80% of the market is trash and only exists to take the btc of retards trying to trade. Youll learn one day buddy. The big money isnt letting go of their positions in the king.

Enjoy your alt gains while they last, I am as well, but I know when its time to jump back on. Dont fall the same cycle again and again anon :^)

>> No.6372737

>>6369136
If I were as retarded as you are showing you are I would kms like literally now.

BITCOIN IS TOTALLY, COMPLETELY USELESS. High fees, slow transactions, always at war internally, toxic community and behind in development. Zero adoption in the real world, except for DNMs transactions, and even there it's going to be replaced by Monero, so it's going to zero.

I give it a year. Then nobody's going to use BTC anymore. Fundamental analysis places Bitcoin at slightly above zero, and that's where it's going. You have to be totally delusional to thing otherwise.

Now you tell me: WHY WOULD I WANT TO USE BITCOIN OVER LITERALLY ANYTHING ELSE? I'm forced to if Bitcoin is the only numeraire for a coin I'm interested in, but that's going to change in the next year.

>> No.6372757

>>6372721
I've been here since people were trading 10,000 BTC for pizza. And I'm not the one tripping over myself to suck blockstream cock and surrender my independence to globalist scum.

>> No.6372763

>>6372548
I still can't tell if that image is satire or for real. If real, LN is doomed. What an unnecessarily complex pile of garbage.

>> No.6372771

>>6372595
BS relied on people being too dumb to understand that. They wanted to make a killer app which will make it effectively Ripple backed by Bitcoin, but luckily for the altcoins they screw up so bad BTC will crash before they have the time to make any breakthrough.

>> No.6372790

>>6372721
>>6372679

I hate to be that guy and say its different this time, but its different this time. There will be a mix of cashing out alts into currency coins. ETH, BTC, BCH, and XMR. BTC will lose more and more of its marketcap over 2018. ETH will overtake it and then BCH will over take ETH.

>> No.6372797
File: 198 KB, 1046x852, wzs1t20ulz801.png [View same] [iqdb] [saucenao] [google]
6372797

>>6372763

>> No.6372833

>>6372771
Right. It makes me worry what would've happened if they got their shit together before the scaling ceiling was hit and the organic migration to quality alts began, they may have actually stood a chance, or at least more of a chance than they stand now.

>> No.6372849
File: 31 KB, 349x500, 41KfETIVCkL.jpg [View same] [iqdb] [saucenao] [google]
6372849

>>6372797

>> No.6372924
File: 65 KB, 1340x436, lol fees.png [View same] [iqdb] [saucenao] [google]
6372924

>>6372679
a year ago i would have agreed with you but things have changed. get with the times, my dude

as of today would you rather cash out in BTC or ETH? pic related

>> No.6372928

If you're not measuring your crypto gains in BTC amounts, you are the normie you think you hate.

>> No.6372981

>corporations want to control BTC so they invest a shit ton f money into it
>corporations want to crash BTC so they lose a shit ton of money and possibly crash the whole market

can you guys make up your mind already

>> No.6373029

>>6367424
I agree with you but frankly the fees and slowness of BTC have to be fixed or ethereum will take its spot.

>> No.6373067

>>6368455
I look at bitcoin as digital gold, now. It's slow but stable, and scarce.

>> No.6373094

>>6372757
>I've been here since people
Since one person*

>>6372790
Take a look at the market dominance of bitcoin in jan/feb 2014

>>6372924
Withdrawing btc or eth on binance is about the same fee
By the way, bitcoin can be transferred in under an hour for under $10. Learn how fees actually work and stop selecting the default :^)

>> No.6373100

>>6372797
With the amount of blockstream brainwashing, I still don't know if this is a joke. However, if anybody thinks Starbucks is going to set up a node, you are fucking delusional. You are also delusional if you think that ANYBODY will set up a channel that you need to prefund to use, comply with FinCEN regulations, keep online 24/7, and pay additional fees to the main chain fees to use.

WHAT THE FUCK IS GOING ON? HOW IS THIS A THING?

>> No.6373143

>>6372981
You probably think government budgets work the same as household budgets.

>> No.6373182

>>6367690
>draws arbitrary lines to match graph
>presumes insight from dong water equivalent of chart analysis

l o l

>> No.6373192

Bcash has already won.

>> No.6373222

>>6372981
Dafuq you're talking about? Who said corporations put a shit ton money into it?
Anyway it's a win-win situation for them, either A. they control BTC, or B. they destroy BTC, either case they won (when something else will take BTC's place they'll have enough time to pull a new trick).

>> No.6373253

>>6367921
Your analogy would hold up if people could create a 'new' gold in real life like others create new cryptocurrencies. I believe in Bitcoin but the developers need to pull their heads out of their asses and get to work on a scaling solution that works.

>> No.6373257

>>6373100
Large organisations are already investigating the potential of buying mining rigs just to take advantage of the crypto boom. It's part of what corporates are calling "digital readiness", or "the digital transformation".

What you are is one of those comedy idiots who looked at a room-sized computer in the late 1950s, and proclaims that only the richest twelve men on the planet would ever wish to own one.

>> No.6373276
File: 341 KB, 1406x1000, bNWtaC3.jpg [View same] [iqdb] [saucenao] [google]
6373276

>>6373100
> WHAT THE FUCK IS GOING ON? HOW IS THIS A THING?
It's a case of GIB - greed induced blindness.

>> No.6373341

Bitcoin is a 100% shitcoin but I think it still has some life in it because normies keep pumping it and other bagholders sell off to use money for real currencies.

>> No.6373372

>>6373094
wow what a narrow, selective "argument." I can see you'd rather be smug and feel right about nitpicky things than admit that BTC has a massive fucking problem with tx fees

who gives a fuck what the final fee is when you cash out? what about the hundreds of trades between your buy in and your cash out and all the fee raping you took up the ass? can I ask binance for all that money back?

strong hands are admirable but you're bordering on fanboyism

>> No.6373392

>>6373067
>stable

>> No.6373393

>>6373143
No I don't. In order to keep pumping money into crypto governments need to print more moneis thus causing an even bigger inflation of fiat. Fiat is the only asset that keeps societies function and it will be this way for a long time so I don't think crypto money will be crashed by the governments because they simply don't have resources, unless they shut down the whole internet.

>> No.6373395

>>6373094
>Take a look at the market dominance of bitcoin in jan/feb 2014
What about it? While what I was talking about relates to dominance, the fact of the matter remains that bitcoin's fundamentals have broken down and there is enough liquidity in the market to diversify into other cryptos and the incentive to do so is high as bitcoin becomes worse and worse at transferring value.

>> No.6373466

>>6373372
>huur muh $50 tx fees and 24 hour waits
>"no"
>huur nitpicky smug faggot
Fuck up

>what about the hundreds of trades between your buy in and your cash out and all the fee raping you took up the ass? can I ask binance for all that money back?
What does this have to do with anything?

>> No.6373501

>>6373257
I was talking about LN specifically, you sound like some fucking guy from India who is only now learning about crypto, too noob to know what is really going on with BTC.

>> No.6373579

>>6373466
These BTC bagholders are easy to spot.

>> No.6373609

>>6373579
>bagholding btc
Nah son, but its clear all the people salty about btc were the ones who bought at 20k and became bagholders

>> No.6373636

>>6366171
AXA/BlockStream ruined it. BCH is now the official Bitcoin

>> No.6373641

>>6373501
Stop LARPing and leave your house. You have no understanding of the corporate world, if you don't believe multinationals are always on the lookout for ways to invest r&d money, and that crypto is currently the hottest shit around, you should stop posting here and just read.

>> No.6373655

>>6372188
I count my portfolio in yenten

After all satoshis abandoned btc and moved on.

>> No.6373667

>>6373609
The people who hate BTC hate it because the fees are insane and it takes forever. Smart people hate if because of what it really is, has nothing to do with price. Besides, I bought at 60-100 and sold at 9000, so I am not salty, I just see that it doesn't work anymore. It's failure to be a currency is my main concern. It's a valid and very serious concern.

>> No.6373681

>>6373257
that's crap. kodak didn't just announce it's setting up mining rigs for any sort of bullshit "digital readiness," it's all for publicity. the easiest way for brands to get in the news today is to just say the word block chain

it's much the same way large corporations instantly pumped their stock prices during the dotcom bubble. they would announce they had big internet plans (whether they did or not, or needed them or not) and bam, instant stock rise plus free publicity for being so cutting edge

>> No.6373700

>>6373641
You've never worked for a corporate have you?

It hakes a million pointless meetings just to decide to close a door. They have no presence in crypto and you are underage. Get out.

>> No.6373713

Why is everyone so desperate to kill Bitcoin? What do they gain?

>> No.6373763

>>6373700
Yes, I've managed a business. I also know more about crypto than you, since you think it is possible to mine LN. Educate yourself you little Indian.

>> No.6373780

>>6373681
crypto is overwhealming associated with darknet, drugs, ransomeware, day trading prajeets and millenials launching vegan coin, dodgy eat Europeans the kgb, the cia and shitholes like this. Corporate bisiness owns actual money making mechanisms and crypto is well off their radar because it is unregulated open source bullshit.

Now don't tell anyone until we have all cashed out.

>> No.6373788

>>6372981
Tbh, crashing this entire market would be peanuts to them, especially if it kept people out of it. Not saying that's what they're doing but the idea that this would be expensive and not worth it for them is laughable.

>> No.6373789

>>6373667
>The people who hate BTC hate it because the fees are insane and it takes forever
So adhd poorfags, got it.

>I just see that it doesn't work anymore
And yet it is still the most secure and powerful network in the world... Working fucking perfectly.

>> No.6373799

>>6366171
>"a"

>> No.6373807

>>6373713
they do it because they think that position will be replaced by their bags and they become rich

>> No.6373830

>>6373763
>>6373763
>Yes, I've managed a business. I also know more about crypto than you, since you think it is possible to mine LN.

You've never been senior in a corporat or worked in one and have zero understanding of corporate business. I don't give a shit if you have worked in your faggot boomer fathers coffee shop as a 'manager' and you can't even reply to the right person. I literally can't tell the difference between millennials and prajeets

>> No.6373847

>>6373713
I hold it so I definitely don't want to see it die. I'm just a lot less emotionally attached to it than some of the mongoloids around here that can't see it's many flaws. I just hope they're diversified

WE BICKER BECAUSE WE CARE, DAMMIT

>> No.6373851

>>6373789
It's not working if you can't send it. It's not secure if you have RBF. It's dying. Dead. Shave your ironic mustache and grow up, you corporate hipster shill.

>> No.6373918

>>6373713
All the money from BTC will flood the alts pumping them even more and consideing BTC has the highest marketcap...that's a fuckton of money. Also a BTC crash will tank alts so a second chance to get in low. Its why I'm holing 50% in BTC now, go up or down you literally can't lose with BTC, in the long run.

>> No.6373931

BTC advocates.

Tell me know what I can but physically with bitcoin (no alts, digital rights etc, physical goods) openly without using the darknet?

Example's please. Best I could find was some overpriced silver and gold and some place selling drones that appeared to have gone broke. Interested in knowing how successful the currency really is?

>> No.6373942

>>6373789
>currency of the future
>must be rich to use it

>> No.6373985

>>6373851
>It's not working if you can't send it
You can send it though? But hey, at least fucking kitties and pokemon ripoffs dont shutdown the entire network.

>> No.6373998

>>6373789
Hahaha fanboy 100% confirmed. Being so emotionally attached to an investment is a BAD thing, my dude. You have developed blind spots

I wonder if anyone on the titanic was so enamored with the ship that they refused to get on a life boat

>> No.6374004

>>6372548
Makes sense. Remember the agent from the Matrix movies and he stuck his hand in Neo to absorb him. That's what the shadow government is waiting to do. They're always a step ahead. They finally kicked the last door open when they bought America with invisible money.

>> No.6374034

>>6373931
Japan has over 300k physical stores accepting bitcoin as of late 2017
One of those swagfag clothing brands accepts bitcoin
Plenty of other places

Google it dude

>> No.6374050

>>6373985
You can't send anything less than the fee.

>> No.6374097

>>6373918
It will flood to ETH this time. Which currency has a better chance of making a x10?

>> No.6374131

>>6374097
Well, ETH has twice the chance, in theory.

>> No.6374167

>>6374050
Whats more important to you? Buying a coffee and slice of cake, or sending tens of thousands, hundreds of thousands, millions worth in fiat across the world in an hour for pocket change without having to deal with banks for government bullshit?

>> No.6374183

this will be enough to make it in 1 years tops, if you don't get that you have no clue of how the market works. ofc you'll get rich with wtc, omg, ark and whatever as well, but not like bank transfer amounts rich, buying your own house with .25 btc rich. you get the point...do you, anon?

>> No.6374216
File: 10 KB, 203x77, 131.jpg [View same] [iqdb] [saucenao] [google]
6374216

>>6374183
ah crypto is making me stupid, always forgetting the fkn picture

>> No.6374230

>>6373998
No fanboy, bitcoin isnt even my largest holding
Im just not a salty faggot whose hatred for btc grows every time alts take a dive

>> No.6374233

>>6374050
so... it's less useful than venmo and yet it's the future of money? sign me up!

>> No.6374251

>>6374167
Sending small amounts across the world for zero fees. This is why BCH will win. Because it does small tx and the large ones you describe, both for zero fee.

>> No.6374311

>>6367632
>What are the fundementals of gold? Diamonds?
Everlasting beauty. I know it's a hard concept to understand if one is autistic but it has inherent value and is something digital assets will never have. No crypto have inherent value and thus cannot be a proper store of value. Bitcoins value comes from it's usability which Bitcoin Core currently doesn't have much of. Maybe Lightning network will change that but maybe it won't

>> No.6374316

>>6374167
False dilemma fallacy

Why not both?? You know... like lots of other coins can currently accomplish right now?

>> No.6374390

>>6366171
The second coming of Satoshi brings bitcoin to 1million worthless fiat dollars (1btc=1btc) and he becomes the US president, ushering in a global age of one currency and one nation

>> No.6374466

>>6374251
Doge is better than BCH and its more established, trusted, not controlled entirely by the chink mining cartel whose only desire is quick gains
You shills are pathetic

>> No.6374607

>>6374390
When Hal wakes?

>> No.6374654

>>6374466
I just really don't know what to say to somebody like yourself with such a low IQ. You are literally retarded if you think Doge is better than BCH, even if you think BTC is better than BCH you are a tard.

I don't need to say anything, your shitty coin will be obsolete in a few months, and your Dad will get mad at you for banking on shit coins instead of getting a real job and trimming your hair.

You sound like a nigger to be honest, shame on you.

>> No.6374672
File: 116 KB, 645x729, 1515710887001.png [View same] [iqdb] [saucenao] [google]
6374672

I'm still waiting for the Corecucks to explain which special magical property turns BTC into "digital gold".

>> No.6374887

>>6374390
I want to party with you. no homo