It has no utility as an asset. It has no utility as a store of value, no currency whose value fluctuates by more than 5% on the daily is going to be useful to any serious business to do any serious volume with. People are purely buying it speculating that someone else is going to buy it higher to sell it to someone else for higher, but nobody is actually using what they are buying.
If you made a profit, cash out now. At some point you run out of bigger fools.
remember when we used to send letters in the mail lol then we used email and ims and imageboards
its like that but were replacing dollars with a more convenient representation of value
Ayden Torres
Thing is, on that chart the y-axis starts from 10k. Bull trap hasn't even started yet. We're still transiting from denial.
Cameron Diaz
>we rich now stay poor no coin nigger
Juan Wright
Agreed. I'm staying far, FAR away from BTC.
Jack Morris
I agree, but the longer chain wins.
Matthew Collins
Eventually it will stabilize.
The ultimate goal of BTC is to replace fiat in internet transactions, and maybe even most day to day transactions. The value of BTC is going up because of the limited supply of BTC, which makes sense. It’s probably too inflated now, and will one day decrease, but eventually it will be stable.
The problem is this price is going to crash one day and everyone will lose faith in it, even though they bought in for all the wrong reasons
Hunter Cooper
>Tfw we're in the bear trap right now 500k by 2020
Nicholas Watson
Short it then
Brandon Allen
Will never happen. IT'S TOO FUCKING SLOW.
Anthony Brown
Are people really this stupid? It fluctuates rapidly because it hasn't reached mass adoption and use
If a crypto reaches that point it would largely stabilize in value, and would still be used even if it wasn't going up because of the convenience its technology brings
Blake Davis
it will never reach stability because people only hoddle it for gains (they call this "storing wealth")
Zachary Sanchez
HAHAHAHAHAHAHHAA
NO COINERS ARE THIS MAD
Michael Butler
People should only hold BTC for gains, it's a piece of shit as an actual currency and will die off eventually. That doesn't mean all cryptos are destined to be that though
Logan Phillips
My god this fucking picture again. Its literally posted every single time bitcoin goes up, faggots only do this because one day they'll be right and claim they fucking called the top.
Bitcoin is hardly safe. The exchanges are all shady as fuck. The volatility in the market means you can lose tons of money in just a few minutes. You guys are just too deluded and greedy to see all the faults of crypto.
Ayden Rivera
> Be me, be MBA student, be at lecture today > Prof tells the whole room of 500 students: "Don't buy into Bitcoin. It's crashing next week."
Michael Powell
>exchanges are a legitimate criticism of bitcoin
Gavin Jenkins
It won't ever stabilize unless it's completely crashes to nothing. There won't ever be mass adoption as it's too volatile and it's hoarded to the point even if some place accepts it no one will ever use it. The high priced transaction fees also don't help adoption. Currently, all cryptos have the exact same problem as Bitcoin right now. They're all just get rich quick schemes.
Brody Roberts
Fuck off faggot
Matthew Reed
Using the 1 week chart to show us a "bubble" ZOOM OUT NEWFAG LOL
Grayson Morgan
That's even worse. >$6k - $20k in a month - $15k
Hudson Campbell
We've had fags like you at 100$ then at 1k then at 5k then at 10k you always say the same shit nocoiners get BTFO every fucking time also i love how you're on the 1 week timeframe and dont even realize it
Kayden Carter
>You guys are just too deluded and greedy to see all the faults of crypto deluded? barely since it is first decentralized bubble that means everyone of them has to pull their weight by shilling to new suckers greedy? yes thats the only reason they haven't sold everything yet
Charles Garcia
crashes next week... makes me believe he lost money on it. sure it will crash, but thinking the ending is upon us is just rationalizing your own losses
Oliver Bennett
almost nobody knew about bitcoin when it hit 1000. now every idiot in my facebook feed is talking about it. welcome to delusion.
Daniel Kelly
What, a lot of crypto such as XRP, XLM, XMR and FCT get real world use.
Noah Ross
nice just shorted 100k Seems like this is it for BTC until 2-3 years.
Austin Cruz
...
Nathaniel Gutierrez
That's why you use cold storage idiot.
Jason Russell
You know what happened to the boy who cried wolf? The wolf finally showed up. Just because the bubble hasn't popped yet, doesn't mean it won't.
And shilling in new suckers isn't a great market strategy in the long run.
That greed will get to you. You don't want to cash out with everyone else as by that time it's too late. You'll get goxxed.
Xavier Cook
lol of course all this shit will come crashing down. If you're sitting here thinking that BTC will ever replace fiat you're dreaming. Just keep trading and make some virtual gains until the end
