You just lived over 100 years of history in 8 years.
Spoiler: it doesn't work
-pretends to be backed by something -"better" than gold -Births a "stock market" -altcoins = penny stocks -"corporate" coins emerge -Bitcoin is king of its exchange domain (cash is king) -over 600 altcoins = other countries fiat competing with the dollar -China buys all the Bitcoin (treasuries) -game over race to the bottom
Fiat cucked bluepilled snowflakes can't you see?
Swamp to be drained and you better hope it will change.
Black swans incoming.
Robert Baker
Your shiny yellow metal is better because we all accept it to be?
Michael Young
buy doge and maybe short pnd
Michael Morales
centralized blockchain is the future
Jace Morales
....turn lead into Bitcoin.....no that's not it
By the way today's Bitcoin message is sponsored by shiny yellow plated contacts.
Stay blue and sleep well in scam town.
Lucas Barnes
ok then what do you invest in?
Oliver Ortiz
Bitcoin is superior to nationalised money and will slowly replace physical fiat - No physical burden means it can't be seized by governments or stolen by criminals - After Mt. Gox, all Bitcoin reserves are 100%. Fractional reserve banking is no longer feasible - Bitcoin is so decentralised that it's impossible to destroy it without hunting down every computer and smartphone that has a node - Bitcoin is a completely private currency, immediately making it superior to a strangulated government currency - Open source means Bitcoin is constantly improving its security and efficiency
Caleb Allen
yea what does OP invest in? he's so redpilled
Gavin Morgan
>ok then what do you invest in? People first.
Never bluepill yourself and idolize a meme.
Its bad for your health.
Carter Sanders
Go back to /pol/ with your pills
Charles Nguyen
The only coin that will make you richer is Iconomi coin.
Lucas Smith
>Bitcoin is a completely private currency
Don't give advice if you don't know the truth!
Bitcoin is not completely private... infact its pretty simple recently to trace transactions to wallets and succinctly locate the owners of said wallets... Monero is currently the top dog in terms of completely private Cryptocurrency!
Chase Cox
Lmfao at this dumb nigger
Weren't you the one preaching about (((blue monday))) and btc crashing? Funny how it's @ $900 now
Fuck of cuck
Angel Peterson
I mean private as in privatised. But privacy will continue to increase because it's open source and technology is always improving
Bentley Long
>at $900 >900 >Dollars ???
Adam Scott
gold is actually useful.
muh blockchains arent.
Evan Watson
bitcoin isn't even the best cryptocurrency candidate to replace fiat, why does no one know that?
Benjamin Morales
You guys ever hear the myth of King Midas? Everything he touched turned into Bitcoin.
Nolan Evans
>Gold >Useful
Maybe if youre a high-end electronics manufacterer, otherwise its just shiny
Jordan Clark
...
John Ramirez
>Monero is currently the top dog in terms of completely private Cryptocurrency! No Monero is not private at all.
Just ask for Poloniex's transaction histories.
All Blockchain is for tracking the dreamers and schemers.
Same with all the other altcoiners out there pushing their penny stock memes.
Brody Evans
Yet Chinese volume keeps going down down down.
Do you know where Bitcoin was before Chinese volume?
Do you even Blue Monday at all?
Looks like we have a cryptocuck swallowing blue pills by the dozens over here.
IRS knocking on your door, Circle out, Chinese deth.
Do you need an abacus?
Angel Gomez
Poloniex share of xmr volume is falling. There are also many monero transactions outside of Poloniex deposits and withdrawals.
Monero is the king of private crypto now and likely the future of money since Bitcoin cannot become fungible.
Lucas Gomez
Fucking idiots without basic knowledge. Say g(t) is the function indicating the amount of gold over time, which is overall slowly increasing due to mining, and m(t) is the function indicating the amount of currency required to both avoid a liquidity crisis as the economy and number of economic actors grows (not enough currency), and on the other hand, hyperinflation (too much currency).
g(t) and m(t) are almost uncorrelated. Historically, m(t) has grown much faster than g(t). This means that on the gold standard it would have been one liquidity crisis after another. Bitcoin is bound to the same fate as further mining brings diminishing returns. Fiat currency that's controlled by whoever is responsible for monetary considerations in macroeconomic conditions is the only answer (bitcoin supply is controlled by the math and engineering constraints on mining, so it's no different from gold in that respect). That most fiat currencies have been mismanaged is also true, but that's mainly due to misunderstandings of fiat monetary systems by orthodox neoliberal economics. But you Austrians are far worse.
Easton Flores
Obviously not for bitcoins CURRENT use of drug money.
But if a crypto is ever going to replace fiat for Normies, its going to be a centralized currency
Julian Turner
I can't hear you.
We manipulate everything.
Jordan Ramirez
Your parallel is stupid and a nonsense
Levi King
tell me the secret anonkun
Oliver Ortiz
Why do you talk like such an autistic asshat? BTC @$915 you worthless plebian.
Ethan Gomez
I can have them make a yuuuge abacus for you.
Noah Edwards
Probably because you hold Bitcoin and you don't want to lose anymore of your hard earned fiat.
To those that don't it makes perfect sense.
Right now we are at the point where China sells their U.S. debt cause they realize it is toxic.
Can you handle micro macro reflections?
Joseph Scott
I dont own any bitcoin but I still think your reasoning holds more to falacious conspiracy theory than to reality
Ethan Moore
Conspiracy on Veeky Forums?
Jesus you bluepilled cucks are absolutely desperate now.
Ian Carter
>Chinese volume keeps going down kek do you even know what a bitcoin is you cuck
Joseph Morris
That's like saying "Milka isn't even the best kind of chocolate to replace diesel, why does no one know that?"
Some things are just too stupid to contemplate.
Luke Williams
Yes that is true
Ethan Adams
What you have circled there is hope and dreams.
FOMO is like a virus that produces nothing and ends badly EVERY TIME.
The smart ones will sell the FOMO to the ground.
Ryan Bennett
>bitcoin cannot be stolen Lies.
Thomas Barnes
Did you know that it can be stolen by itself.
Explanation:
Bitcoin is not real and is derived from a sick mind.
Considering that it is not actually real it can still be stolen.
How?
I can buy one right now and stick it in a wallet.
After doing so I can delete the .dat file right away and poof that coin is locked FOREVER.
Stolen by the very nothingness that created it.
Be careful pushing that idea though cause coiners will say "muh rarity" and they will start salivating uncontrollably.
Gavin Nguyen
So why aren't you making bitcoins and selling them for $900 each you dumb fuck
Jacob Ramirez
There's a difference between stealing something and destroying it.
Joseph Bailey
Cause Bitcoin is for bluepilled dreamers that want nothing more to be sleepy all day and night.
Bitcoin is not in my future.
Ethan Ramirez
The only difference is with theft you might get it back but its not guaranteed.
Either way the method I mentioned for destruction is just another way Bitcoin can be "hacked".
As that price goes further down the chute the destruction phase will set in.
Let's see if Bitcoin is as malleable as gold
Hudson Miller
>derived from a sick mind
you mean a genius who literally solved one of the foremost problems in computer science ?