My analysis on why crypto is about to die

You'll be back....

A crash is probably coming but the tech is not going to die.

Wallet addresses & test transaction?

Tech doesn’t die moron
Really after the crash coins that actually do shit other than NEW CURRENCY LAWL will survive
So when it dives buy utility tokens and ETH

>No cryptocurrencies can scale without using Proof of Stake

Decred - combined PoW/PoS

real decentralized governance

well op, I've been cashing out incrementally over the years as I see fit. bought a new car outright with gains from eth. so even if what you've said is true; I've already won. I'm going to try to keep winning.

>Bitcoin that was initially to be used for P2P transactions as per the founder Satoshi, but could not scale and that failure is justified by now calling it a store of value.

It's too volatile to be a store of value. Even after so many years, BTC's value hasn't stabilized. It's only purpose is for making money. That fact alone is enough to prove that crypto is a bubble.

Doge is much better than btc. In fact, had they rebranded years ago, it could've been a secondary store of wealth.

That's why i'm waiting. A big shitstorm is about to happen. And the worst is that everyone knows but won't listen.

>Bitcoin, an inferior product in terms of tech compared to almost every coin in top 10, still retains the top spot
So what? Another salty newcoiner who went all in alts during september is just mad at the king. Nothing to see here.

One of the few legit posts to be seen on biz. Well said OP.

But fuck you I'm not selling my XRP.

>mad at the king
The king has fallen ill m8
Shit might go even further south

Inb4 more "HUH HUH, I'VE ALREADY CASHED OUT GAINZ, FAGGOT, YOU CAN'T GET ME" bragposts, which are not a response in any way to what OP is saying.

what should I do if I don't plan to cash out just yet. Put everything in a promising shitcoin?

REQ and LINK m8erino :^)

>The king has fallen ill m8
Up 80% from 6 weeks ago and its fallen ill? Lol okay dude. It could fall to 6k and it will still be further ahead than what most thought it would hit this year.

Here’s how I know it’s not a bubble. Dipshits like you are saying it’s a bubble. People don’t see bubbles before they happen. That’s not how they work. There is no bubble here. There is a massive transfer of wealth occurring from fiat money to crypto currency. Bitcoin might not make it, but overall this is a revolution that makes the formation of the internet pale in comparison.

>down 5k
>he thinks just cause it’s higher than a month and a half ago a trend isn’t forming downward

So, when will there actually be a solid blockchain which offers solidity, transparancy and privacy when required all while being very lightweight and able to do tens of millions of transactions per second?

Everyone thinks they're a genius in a bull market. ;)

LOLOLOLOLOLOLOLOLOL

That cartoon is so true.

This is a global phenomenon where people are able to store and transact their wealth outside the hands of government or banks, with no intermediaries.
You think the dotcom was a bubble? What until you see the globalized currency bubble of 2020. We are in a tiny blip of the mountain coming.

Downtrends dont usually last too long bro, stop fretting. And dont look at mtgox as an example.

a major correction alone does not kill a market.
its only killed if nobody buys back in after the correction.
tell me now who wouldbt buy up cheap bitcoins? fucking nobody

Bitcoin has broken free and is now scaling as it was supposed to, with a new suffix 'Cash'.

Buy Bitcoin Cash, it is bitcoin.

obviously this bubble will pop sometime
the real question is what are the Google/Amazon of crypto?
what will survive?
powr? rxn?

Its a bubble guys, trust me. 8)

There will be a bubble. It will look like a mountain and we are at the base of this mountain. This is a globalized transfer of wealth into assets that can't be seized by governments are banks. It will turn into a black hole sucking in wealth from all sectors as people flee their declining fiat and declining stocks. The power this gives people will create a financial bubble the likes that man kind has never witnessed.

I've heard that IOTA is vulnerable to attack. Can you share the math you are referring to? Is it the same story for all DAG's?

> Downtrends dont last too long bro
> Don't look at the previous 2-year downtrend as an example

>Here’s how I know it’s not a bubble. Dipshits like you are saying it’s a bubble.

You assume your views are correct when there are people different opinions than you? That's faulty logic right there.

>People don’t see bubbles before they happen.

Then why were there people who got rich during the dot-com boom and people had lost everything?

Stay poor. Bitcoin does what it's supposed to do. It stays secure, it scales infinity in price, and it has high enough fees to scare non-whites and beta males away, just as it6 always has. Every crypto-currency is traded against bitcoin, the entire infrastructure is built to increase the price. Average people are looking at BTC price decline as an opportunity to buy the dip.

800,000 bitcoins were stolen. That was almost 1/12th of the circulating supply, vanished. Along with the exchange responsible for over 80% of the trading volume.
Put a massive dent in growth because such early times, not comparable to now.

What worries me is the tokenization of everything. It's just dumb. And impossible to keep track of.

Quick, someone make a token that auto-swaps your other tokens at point of sale or in your wallet so you don't have to think about them.

There were also companies which survived the bubble and are huge right now (Amazon).
The bubble was also followed by the public ownership of Google and the creation of Facebook.

There will be a reckoning in crypto but if it's like the dot-com bubble then hodling will eventually pay off.

bitcoinobituaries.jpeg

>stealth IOTA hate thread
I see what you did there, it's ok because they deserve helicopter rides for being anti-white.

the meme that crypto is in a bubble is in a bubble

Bitcoin is far too volatile to be considered a store of value and far too expensive and slow to be used as a form of real digital cash. An asset needs to be valued based upon its underlying utility.The only reason people buy Bitcoin is due to the hope that someone else will buy it from them at a higher price -- this is the definition of a speculative bubble. Right now, based on tech, Bitcoin is a dinosaur in the crypto space, yet it holds roughly 50% of the market cap. As an asset, what does Bitcoin uniquely offer over all of its competitors? Nothing. You will never get your $1000000 Bitcoin since this speculative bubble will bleed gains into altcoins with superior underlying values (which is already happening). 2018 will be the year of the altcoins and it will carry on like that until a true digital currency emerges. Bitcoin belongs in a fucking casino.