>TFW 50/50 silver and bitcoin
This faggot better be the opposite of spot on
Hmm, really makes you think
Brandon Young
Luke Wright
Btc at its current no-use stage is not worth 10k+, thus is a bubble.
Levi Gonzalez
normies dont know or care about technical features of a coin, let alone do they compare it to other coins lol
Jack Foster
Boomers just want to compare crypto to past happenings SO BAD. (((They))) want to plant the seed in normies' minds that crypto is bad, mkay? While they secretly buy BTC for themselves.
Luke Ward
this is the definition of bubble
Levi Thompson
2) As already established, bitcoin is not a cashflow asset. It is a network, like facebook, reddit, the internet as a whole, the telecom system etc. As such, it benefits from the network effect. The more people who use bitcoin, the more valuable it is as money (unit of account, medium of exchange. store of wealth.) Think about it like a telephone. What is the value of 1 telephone? What is the value of 2 telephones? What is the value of 3 telephones? We can model the value of a network with a formula called Metcalfe's Law, or
Value of a Network = n(n-1)/2
In other words, as users increase, the value of a network increases by a factor of n^2. The price of bitcoin is rising because people are buying. As people by, the bitcoin network expands. As the network expands, the network effect, as modeled by metcalfe's law, increases the intrinsic value of the underlying asset by n^2. Thus the exponential growth curve. Cap these and repost in relevant threads.
Cheers Veeky Forumstards
Charles White
The rise of silver was due to the silver market being cornered by two autistic billionaire brothers:
en.wikipedia.org
The one thing no one wants to admit, is there is no incident in all of history for a bubble popping 'just because it went up too much', EVERY bubble has popped to due changes in the FUNDAMENTALS of the thing in question. Astronomical increase in price is not inherently unsustainable, anyone claiming otherwise is being intellectually dishonest. The reality is unless the fundamentals kill bitcoin, their is no reason for it not to become infinitely valuable. The problem is we have no precedent for decentralised commodities where the fundamentals are more resilient to change.
In other words, strap in boyos.
Juan Flores
the hunt brothers did nothing wrong, they were trying to establish a constitutional bank in texas.
Charles Green
Incorrect. Bitcoin is currently used as a store of wealth, medium of exchange (think overstock, NewEgg, Remittances, etc) unit of account (think altcoins) . It thus meets the definition of money and is being used as such at a clip of over 300k transactions per day. Also, due to the store of wealth use case, the network effect increase the value of bitcoin without increasing transactions.
Andrew Wood
>'just because it went up too much'
The Internet bubble did.