BITCOIN IS COMPLETE GARBAGE

marketwatch.com/story/stay-away-from-bitcoin-its-complete-garbage-2017-06-15

STAY AWAY

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He is right, prices aren't justified by the current uses, don't be blind to opposing opinion.

So when people publish these articles you always do the opposite, right?

>current uses

It does a dandy fine job of keeping my money safe from the government.

The fact that it lets me transact p2p around the globe is just an added benefit

of course

He's probably balls deep in BTC and don't want people to buy in just yet.

1. BITCOIN HAVE LIMITED QUANTITY, IN DIFFERENCE FROM TULIPS, DOLLARS AND Ethereum
2. GOLD EXACTLY SAME A PYRAMID SCHEME AS A BITCOIN BUT ALREADY ABSORB ALL IN
3. CURRENT CAPITALIZATION OF THE BITCOIN 35,788,210,511 USD
FOR EXAMPLE RUSSIAN BILLIONER ALISHER UZMANOV MAY BUY THE HALF OF ALL BITCOINS
USA MILITARY BUDGET - 611,000,000,000 USD
USA DEBT - 18,984,100,000,000 USD
GOLD IN THE WORLD 31553,2 TONS = 1,278,960,782,690 USD
BITCOIN SIMILAR TO GOLD FOR ACCUMULATION AND SIMILAR TO DOLLAR FOR MONEY TRANSFER
THE ONLY THING THAT PREVENTS THE BITCOIN FROM BECOMING A WORLD CURRENCY IS ITS LOW COST
AT THE PRICE OF 10,000,000 USD FOR 1 BITCOIN IT ALREADY CAN REPLACE DOLLARS
-----------------------------------
TYPICAL PROBLEM FOR BILLIONER: TO BUY APARTMENT FOR 15 YEARS ASIAN GIRLFREND
FOR EXAMPLE YOU - BILL GATES
YOU HAVE MONEY IN THE BANK
YOU CAN NOT DO ANYTHING WITH THIS MONEY, YOU CAN NOT TAKE TONS OF CASH. GOLD IS VISIBLE ON METAL DETECTORS AT THE AIRPORT
BEFORE PAYING SERIOUS MONEY, YOU NEED TO RECEIVE THE APPOINTMENT PERMISSION AND PAY THE TAXES
AND IF JOURNALISTS SEE WILL BE THE SCANDAL
WITH BITCOIN THERE IS NO PROBLEM
WITH BITCOIN ONLY PROBLEM IS BITCOIN LOW PRICE AND LOW BITCOIN AMOUNT IN INTERGENERAL ARBITRATION
-----------------------------
HERE IS THE DIAGRAM:
ibb.co/h8HDiF
BITCOIN PRICE WILL RISE, LIQUIDITY WILL INCREASE, APPLICATION WILL BE EXPANSIONED
THIS IS THE EGYPTIAN PYRAMID AND NEVER WILL BE RUINED

"this internet, whats it really for? nerds and porn, man i tell you, stay away from this internet bubble".

>stop buying crypto or i'm out of a job
>buy some of these 3% per annum stocks instead

yes goy, don't buy that crypto scam!
here, invest your money in (((stocks))) from mr shekelsteinbergowitz and always stay in the safe area of (((fiat)))

There are two kind of mainstream analysts.

>Broke and stupid. Don't follow any advice.
>Rich and smart. Do the opposite or sometimes the same with a grain of salt.

Activate 4 neurons and figure out why.

>Cybercurrencies may make online purchasing and international money transfers marginally more efficient in theory, if hardly in practice. Would you risk moving your money from dollars into bitcoins just to save a few percentage points in transaction fees? You’ve seen that wiped out many times over this week just in price fluctuations.

This is what you will can't seem understand. You're so busy making unreasonable 2846923642384% per second gains (and losses) that you don't stop to think that this can't continue if you really want crypto to have a practical use. Most of you probably don't even give a shit though, which is even more funny. The whales and chinks are going to drop their bags on you people, one day.

*This is what you all can't seem to understand

>price fluctuates in one direction only

It's still new. The volatility is not going to be this high in the future (if it has a future). You are not thinking big enough.

Terrible arguments. It starts with a straw man and goes downhill from there. I mean there are many bad things you could say about bitcoin and crypto, but none of them were there.

If it's going to have a future, it needs to be used. In order to be used, it needs to have reduced volatility.

Yes, Bitcoin is digital gold. Why is it people cant see this? I only just recently found out bitcoin had a cap for total number of coins possible. If I knew this when it was at 60 I would have been in then.

Once it gets to $1,000,000 per Bitcoin, the price will stabilize.

>implying I wouldn't invest in online gambling and money laundering
Uhh... do you have any fucking idea how much money casinos and offshore banks make? Now imagine if I could sell people that from the comfort of the internet. Legally.

it's only volatile because there is still so much new money flowing in it's easy for investors to PnD to scare off new weak hands

>Admittedly, before all this, the price of these cybercurrencies had skyrocketed....
kek. this nocoiner fuck

>sending massive amounts of money across the world in a matter of minutes for a marginal fee isn't already practical with crypto.

The cope is real.

As others have pointed out, its still in its infancy. Its going to go up significantly. If you want to watch for the moment when you want to get out, watch the big mining operations. If they stop mining because its not cost effective. Thats when you want to bail.

Yes.

It's when they publish the article
>Why we were wrong about Crypto and why you should buy before it "moons"
That's when you sell. And they will publish it.

you mean like a...dot com bubble?

>2846923642384% per second gains
Please sir I beg of you, which coins are you holding that are doing THAT well? I want to know...

This shit has to lost 95% of its value for me to lose my investment from the past 2 months alone.

You can call it a bubble all you want but the odds of 95% of value disappearing overnight are astronomical. The odds of growing up even more are reasonably great. I'll take my chances.

I sincerely hope this will be the case. It would be a shame for these coins to not get used. But you have to keep in mind that cryptocurrencies and blockchains probably aren't the only thing out there for transaction security/recording across the internet. And if crypto isn't worthwhile, due to its volatility, then why should it be used?

>he sold the dip

Don't get me wrong; I'm starting to invest in coins myself, with this much potential it'd be stupid not to. I'm just reminding you that there were a lot of (((corporate fuckers))) who said the same things we're saying now about the Internet around 2000 and things went south for them before they got better.

tl;dr don't be afraid to sell user, best of luck with your gains

This is the real insight.

Stop reading articles like these for specifics. Use them as a barometer for the normie sentiment and plan accordingly.

They're still in the adversarial phase. When they want in, and REALLY want in, happily sell them your bags

This. And if someone is super worried about a crash to zero, just cash out 50%

yes its clearly a bubble.

look, its 1996 now, the s&p 500 is at 650 already, last year it was 500!

MORE THAN 30% mainly due to these "internet companies" that pop out every single day. like seriously, do you anyone who even uses the internet?

Because its free and it cant be devalued by government printing. check it out, its currently being mined, which means new coins are coming on to the market constantly. Yet its not depreciating. Sure its fluctuating but still the overall direction is up. That should tell you something, that its not as volatile as it would appear. Bitcoin should be used because its money, not currency.

>Implying people who bash bitcoin in the current year aren't people heavily invested in shitcoins or paid shills

They think they missed the Bitcoin boat and were dumb enough to fall for scams like ethereum

Dr. Sage and Mr. Hide

>You: Yes, but what’s it for?

>Fan: Really, the “blockchain” technology is a total masterpiece, way ahead of its time!

>You: Yes, yes, I understand that. But what is it actually for?

fucking stupid article

its a store of value

what the hell is gold used for? same shit

>"salty nocoiner detected. yes goy, don't buy that crypto scam!here, invest your money in (((stocks))) with gigantic 5% roi p.a. from mr shekelsteinbergowitz and always stay in the safe area of (((fiat)))"
that's your comment right? my guy

>Old crusty journalist on a STOCK market + RETIREMENT site targetted for 50 yr olds
>having any opinion on bitcoin that isn't against their interest

Come on now

Why would they want in (if you're right)? Why does anyone want in? Don't kid yourself into thinking people are getting for the potential that this tech has, don't be that naive. Just look at biz for fuck sakes. People smell money, that's all they care about.

for bitcoin???

Anyone that is trying to get rich quick doesn't give two shits about bitcoin any more

Which is why it is so undervalued in this never-ending bubble

I would also point out that I would not trust any crypto that was gold backed. Because look at the dollar. They can later decide its not gold backed anymore. With a gold backed coin, you would not own the gold, just the coin. You dont know if they actually have the gold or how much. We dont even know if the US government has any of the gold it claims and its claimed they have sold several times over what they actually have. Did Germany ever get its old they demanded?

See shit like that. I would rather stick to the crypto thats just that and let the gold be its self. Ill buy the gold and store it in my save then I know what I have. Ill buy the bitcoin and store it so I know what I have and I can use it on the internet, were gold comes up short.

Eventually bitcoin will even out and it will be a great option for internet trade and a store of value against corrupted government currencies. Much like gold but useful.

Who knows, if bitcoin destroys all world currencies, gold could become the new physical circulated money

You goys are a couple of old man that talks about those new stuff judging and saying that was better before...
The cryptocurrency is very poor thing in paragon with the whole thing that the blockchain is... This shit will take over the fiat because of the blockchain because is the solution for the problems of our economy/generation/organization and fits perfectly with robotics, I.a., Domotica quantum computing and so forth, that are the future. Remember that internet and the technology use today is from 60s to 90s...

>Anyone that is trying to get rich quick doesn't give two shits about bitcoin any more
this, what we should be wary of is investing in the future google stock of blockchain

(i meant: this:)
>The cryptocurrency is very poor thing in paragon with the whole thing that the blockchain is...

ur such a paranoid fagget no one is going to steal your crumbs grow the fuck up retards
SHORT NASDAQ LISTEDS YOU FUCKING DUMB ASS NIGGERS BUT BUT MUH COINS GOING TO TEN THOUSAND LAMBOS HOOKER COCAINE!!! STFU FAGGETS

Kek

With BTC, the more people adopt it, the higher the price. Therefore it doesn't matter if the price is volatile, because it always leads upwards. Would you rather own something that has a volatile value but doubles it every 6 months or would you rather own something that theoretically has the same value but slowly bleeds out in value and becomes half as valuable every 10 years?

This game theory shit is so simple and yet normalfags can't understand it, it's unbelievable.

they don't have to take my money

they just have to print more of it

And is the 6 month doubling guaranteed to continue forever? You're underestimating how much companies hate volatility in currency. The literally go out of their to use derivatives, like options and forward contracts, to avoid it. And that's for currency pairs which are nowhere near crypto's volatility.

Why did people want in on the dot com bubble? Same reason. It is all about money and when the regulars start trying to get in on insane profits (which some already are) is when it starts accelerating again.

It's not going to pop until something fucks up and normies want out. Who knows what/when that will be

Why do investors and companies hate volatility? I really want to understand this, because right now I can't.

If you're trading, volatility is your friend. So what's the deal?

I really want to know.

you know what's not volatile?

A currency with a hard set inflation rate.

you know what IS volatile?

A currency with an inflation rate set by dark actors.

Most people invest to protect wealth from inflation, not to speculate.

Mainly to give them some stability in knowing they'll be paying/receiving a guaranteed exchange rate in the future. They don't want to trade or speculate. It's a hindrance for them.

Hey, maybe smart contracts could be used to hedge against crypto volatility?

Ok, why? Why not invest for growth of value, instead of just protection against inflation?

So people are willing to pay, in terms of lost potential profit, for stability?

He prides himself on being blocked by James Woods, so you know he's a stupid faggot.

So first few years from the skeptics were the Denial stage, now we've hit the Anger stage. Will be fun when bargaining starts.

Yes, we're talking thousands/millions of dollars, perhaps the transaction taking place very far into the future. You don't want too much expose to any risk.

Thank goodness crypto isnt currency.