Justifications

Do you think the $9100 exchange rate is justified?

What the FUCK is bitcoin being used in (except massive literal circle jerks) to justify the price?

It's JUSTified.

>Accepted by retailers, microsoft & overstock are the go-to examples
>Used to buy other cryptocurrencies
>Widest adoption of all crypto
That’s basically it

There are millionaires buying 10s of bitcoins and poorfags buying satoshis worth.

What does it matter? 40 billion was pumped into bitcoin in the last month, shut the fuck up and enjoy your gains

This is barely just beginning.

>>Accepted by retailers, microsoft & overstock are the go-to examples
limited scale only
>>Used to buy other cryptocurrencies
>>Widest adoption of all crypto
circlejerk

i could build a consistent model of the entire world as nothing but massive literal circle jerks.

What's your point?

it’s glorified jew gold at this point

Tulip Mania 2.0

Market cap growth doesn't imply incoming money. If there are 5 coins, all worth 1$ (5$ market cap) and someone buys a coin for 2$, the market cap is all of a sudden 10$. Did 5$ come into the system? No just 2$.

Market cap is literally supply * price, it says nothing about actual value added.

>What's your point?
it would be wrong

THIS.

Unless something very popular that a lot of people will buy is made bitcoin exclusive, all this shit is just fiat even weaker than paper money.

It's called order book supply and demand you god damned neanderthal.

Do you even economics?

Veeky Forums here
The so called "tulip mania" has been largely overestimated and the amounts of money that went into speculation was negligible. No serious historian would compare actual financial markets' bubbles with the tulip bubble.

idk about now, but when I first heard about it, it was used for buying black market stuff on the darkweb

It's the same as your fiat currency. It's not backed by anything but it has the benefit of being deflationary by design

Literally money laundering and drug operations

The anti BTC FUD spread from alt-shitcoin bagholders is hilarious

>The anti BTC FUD spread from alt-shitcoin bagholders is hilarious
The pro BTC FUD spread from BTC bulls is hilarious

2018, year of the eth

Nobody is spreading FUD about shitcoins to boost bitcoin, bitcoin just rises of its own merit and branding. Doesn't need shilling

>No serious historian

dude this is Veeky Forums lmao

Then give me your coins

lol what merit

it has the same tech and functionality it had 6 months ago.

it has the same insane transaction fees and slow trading rates.

lmao the irrefutable point of altcoin shills(not saying altcoins are bad but cmon, would the COMMON person use linux over windows because it has more control?)

>24 replies
>not a single usage scenario

jesus christ

have you faggots even used bitconi for anything?

Bought weed for 20 btc lolb

So you added a couple of dollard to the market. congratulations.

Does thi sjustify the $9000 exchange rate? no.

Agreed, these fuckers are even shitting on smart contract technology yet they dont even fucking use Bitcoin for anything. It was supposed to be a cheap means of transaction but now they memed it into as something that only acts as a store of value.

How can something be a good store of value when its own fork can plausibly flip it and cause the value to plummet.