It's just a regular correction

>it's just a regular correction
>it'll be 100k at the end of 2019!
>lol this is what nocoiners always say
Let's get real, guys. The only idiots are those who thought it would just keep going up forever. BTC is a zero-sum game and the only reason people are investing in it isn't because they believe in its long-term store of value but for short-term fiat gains. You can still make money day trading, but hodlers are complete idiots. It will never pass 20k, because there will be a cataclysmic drop every time it gets close. Screencap this

Nah.

You need to zoom that chart out homey

>it's completely realistic for a commodity with no intrinsic value to keep going up forever!

kek

inb4 shorts get squeezed and bitcoin rockets past 20k

Green paper has no intrinsic value.

...

We're at return to normal right now. 11k WAS the bottom. It's bouncing back up. People will think everything is okay... until America goes to sleep again. And then, sub 10k. This weekend will be a blood bath. We might end up around 6k or so. It wont go back above 10k for at least 3 weeks and probably a month as normie money will run scared.

Just watched Tony Vays on youtube and they looked like they were about to cry LOL

>zero-sum

You fuckin faggot children really need to stop abusing terms you don't understand.

>has no idea how btc works, how it's mined, or why the value will, in fact, continue to go up as resources needed to mine 1 coin continue to increase in price

Were in the first sell off.

Calm your tits peeps.

>6k

more like around 1k, were its "fair" values stands in the first place.

OP is a bonehead, no question

>confusing deflation with value

top tier experts on Veeky Forums, I see.

>has no idea how ponzy schemes work, how they're set up, and how holders will be the ones to lose everything

>you will never buy $1k of Bitcoin on 10/8/2010
You would literally be a billionaire right now. There are hard drives in junkyards around the world right now with wallets that have this kind of money.

I actually lost my wallet with 100 btc in 2010 didn’t think it was much of loss till this month ...

Hahahahhahahahhahahbabahhahahahahahahah oh little baby. It's backed up by aircraft carriers and the IRS will accept it as payment. But tell me about your coins

lol

Do you know what intrinsic means?

Ummm actually sweetie it kinda does. You can burn it to stay warm after whatever (((issuing institution))) inevitably causes to hyperinflate and become worthless

Could say fiat has more intrinsic value than btc because it's a specialty cotton fibre paper thats been made by the same printing presses for generations, with several security features and nice dead presidents. Beats a bunch of 1 and 0 floating in cyber space