Refute this, faggots

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All the world's a casino, and all the men and women merely gamblers. Right, user?

Anyone who ever tried to discuss crypto in a normie comment section on the internet will understand this.

it's wrong because hashrates, electricity costs, and transaction speeds all make it impossible to get past where it is now, idiot

Interesting

its not like we already have solutions for that

you can't solve electricity

My friend (who's intelligent, educated etc and who used top use BTC on silkroad years ago) invested inc crypto recently. He used coinbase, had no idea what wallets were and wanted me to explain the entire premise of blockchain. Imagine what a completely new normie is like with this shit.

Frankly we're not even in the awareness phase.

So if your friend just held onto that BTC instead of buying drugs with it on the black market, he would be rich today? Man.. that's gotta hurt

this is capitulation phase obviously

I think we've already reached 'media attention' and that regulation won't let us reach the next stage/phase.

POS/DPOS, other consensus mechanisms...

I wasted about 100k on silkroad stuff... I want to kill myself.

All the normies that I know got into bitcoin last December didn't even do anything except keep them on Coinbase.
I don't see how they would even care about all that.

VERY FEW of those found out about other coins (mostly just Ripple because of the rally), and those that bothered just sent them to Binance and just kept buying off from the top of the order book after they figured out how.

If only exchanges shared a network layer ala banks with VISA, users could jump across these exchanges without waiting for on-chain transactions.
And buy all these coins all they want.

That's what almost all of the normies are doing anyway, buying on exchanges and keeping the coins there.

Ya, if theyre ruled as security, games up.

This

My normies friends only use coinbase and when I tried bringing up bittrex, bitfinex, binance, hell even gdax my normies friends didn't even know about them.

...

how many times do i need to tell you that you cant apply this fucking meme graph to crypto

made my first million off this shit, bought 5k at ico.

No fucking kidding. My friend literally messaged me two days ago asking the difference between bitcoin and ethereum....AFTER he bought Ethereum on Coinbase. He then proceeded to buy some litecoin and bitcoin cash too, just because.

Even my mom knows about "da bitcoin, it's a scam, pyramid scheme!"

No lads, we're firmly in Fear/Capitulation

I think is what happened with the most recent rush of normies, is yeah-- they all bought in via the whole get-rich quick scheme. None of them gave two fucks about the tech behind the lure. However, most of them who stuck around(i.e. the ones who probably got in a little earlier than the rest), realized they don't give a fuck about trading/investing. So, they dipped out. Why play with something you aren't interested in, when it isn't rewarding you the way you thought it would?

It went from almost everyone talking about it(I work in a restaurant and heard a fuck load of chatter) to literally NO ONE talking about it anymore, probably out of shame to be honest. So I'm quite convinced we are in the "blow-off phase". Not sure if we've reached "despair" yet, sadly. But definitely the tail end of surrendering ourselves to the whole of this entity.

As far as Feb 6th goes, they will classify digital assets as securities, because they have no other choice-- IBM, AMEX, and probably almost everyone else involved with IBM's HyperLedger Project is either partnered, or looking to partner with these coin-companies. An absolute powerhouse of control. But, honestly, because IBM leap-frogged over everyone-- it forces the government's hand to abide. What are they going to do? Outlaw crypto, completely fucking over IBM 5-year plan, costing them billions and potentially driving them into the ground? A lot of fuck-tards on here spew bullshit about IBM being ancient, obsolete, etc but they're absolutely fucking retarded... IBM still processes an absurd amount of transactions DAILY for the world. That puts a lot of pressure on our government to make a decision as how to classify their(IBMs) new investments, especially so with AMEX, their closest competitor following close, nipping at IBM's heel. So the question becomes-- will the normies return? Will non-banking institutions follow the governments ruling after Feb 6th? Partners of IBM and AMEX, like McDonalds, or Boeing

Even the last jungle Nigger in central Africa has heard of crypto by now.
It's over. There are no more new suckers. Everyone that has any interested in buying into the pyramid has already done so.

You crypto fags are trapped in a burning theater and the only way for you to get out is to convince someone on the outside to take your seat.
Ain't going to happen.

All this would make sense to be in that position op if 99% of this shit wasnt vapourware.

Is this enough?

>not a bubble
>we are here in this bubble chart

I'd say your pic is correct. Most normies have no fucking idea what a bitcoin is still. They just heard how it's a scam and not backed by anything. Yes in December they jumped in big time, but it's peanuts. There's 315 million Americans, just Americans. I'd bet my nuts that less than 1% of Americans have any or have ever had any money in crypto.

>FUD ON TAP

What did he mean by this?

....delusion

80% of american heard of crypto and 5% own it

My dad just Called me to say he wanted to incest in BTC. It's Bear trap.

tell him to keep it in his pants

If the SEC indeed will classify digital assets as securities, what will that imply? Is this good or bad news?

Nearly nobody invests in stocks. Why the fuck would normies want to invest in crypto then? Everyone who wanted in already bought some. And no, not only BTC - normies are also in every single fucking altcoin already. And they have been for a month. You're waiting for the next big flow of money to come in, but there's nothing left. The peak was at $800B. Now either swingtrade or lose your money, your call. Holding doesn't work anymore, as the market won't go up without immediately going down again.

You're full of shit. Hearing of crypto does not mean you know what the fuck it is. And I'd like to see your source on 5%, I'll wait.

they didnt do an ico

You neets need to leave your biz echo chamber more often.
The absolute majority of normies got no fucking clue.

Normies don't hold the big money, institutional investors do.

And while probably more than 80% of the normies may have heard of bitcoin in the news, I know most people I know stayed back and just watched, probably only 1 out of 15 people I know made the leap.

All that is needed to clear away the negative sentiment of the recent crash is for some whale to pump it back up to $20k and past that.

Then every normie who panic sold for a loss will think "DAMN! I shouldn't have done that", and it will trigger an even BIGGER bull run, where EVERYONE will jump in.

I think the institutional investor whales see that, there is still potential for another pump-and-dump bubble, the BIG one, as terrible as the housing bubble or the dotcom bubble.

Because let's face it, if the crypto bubble popped now, it's still not as damaging to the economy as those two bubbles were.

It needs to go one more magnitude higher.

It's wrong because your base assumptions are wrong.

You assume crypto is inherently useful, valuable and secure. Therefore it MUST become widely adopted at some point in the future. Therefore adoption MUST go from

Normies know might know what bitcoin is, but they dont know what blockchain is. After explaining that to my friends, they start to understand why theres value. Even heaps of people on this board are so short sighted with blockchain technology. Everyone can have some Bitcoin, but not everyone can have some NEO. The azns will lead because they know it will make life easier. Efficiency, look at da japs. Smart economy is coming.

t. I'm boomer and I have no idea what is blockchain and its use cases

Do you want to prove you're right or do you want to make money? Stop trading with your gay ass emotions and ego and start fucking going long or short. Who gives a fuck who's right, you are here to make fiat money not change the fucking world, Gandhi looking motherfucker.

Thank you, fucking hell. That's how easy it is.

I should also point out that cryptos have only ever existed in one of the longest bull markets backed by the greatest amount of quantitative easing in history. There is no knowing how they will surf a recession and no precedent. Extremely high uncertainty = nobody flocking to crypto as a safe haven. I can't believe some of you retards actually believe it will attract safety-seeking investors.

>buy when there's blood on the street
>everyone is calm thinking that is just another january crash

SELL SELL SELL

I should also point out that crypto has only ever existed in one of the longest bull markets backed by the greatest level of quantitative easing in history. There is no precedent and no knowing how they will surf a recession. Extremely high uncertainty = nobody seeing it as a safe haven. I can't believe some of you retards actually believe investors will seek safety in a meme currency backed by nothing.

If blockchain technology is so useful then governments will implement their own as their main currencies and your babbysfirstcyclecoin will disappear.

I honestly believe we're here, people are becoming more aware of it crypto, sure I'm late to the party but the rate at which people are beginning to mention it is increasing, greatly.

>my name is user and i have no idea what satori knock and photo made bitcorn

A fool and his money are soon parted.

Literally the normie posting these, good luck in your 'investment', faggot.

Most of my friends are University educated and pretty intlligent people. None of them have invested in crypto because they don't understand it and are too lazy to research and learn about it. They are put off by the "long" process of buying BTC, Sending to an exchange, trade for another coin, download a wallet, send to a wallet. These things seem simple to us but they aren't normie friendly. This is why in my opinion, projects like stellar/fairX and coinmetro are good investments.

>bitcoin has traced the bubble meme chart to a FUCKING TEE
>the most powerful people in the world are starting to plot against it, starting with organized FUD
>normie confidence has been trashed by jumping in big on the December bull run and holding
>the ICO scene is a carnival of pajeet pump and dumps and eastern european scams

its over boys

WE ARE MOST CERTAINLY NOT 10 YEARS AWAY FROM THE NORMIE BUBBLE

We have 4 years TOPS
That's 2022, even McAfee's dick eating tracker says "hur, bitcion 1 milion dollar" before 2020
It's also all over the news, as normies only pay attention to price
(the shakedown of late likely shook off a ton of weakhanded normen, but they are still aware of the thing, thus we can never go back into the state of unawareness from the broad populace and the next time they see the price going up, they'll rush in even more)

Besides all that, every Tom's Dick, Richard, and Harry know about crypto now, it's not even cool too know about it anymore

probably won't be the regulation crypto wants(side note: they released this memo a few months back sec.gov/news/public-statement/statement-clayton-2017-12-11 and if you read it, you'll realize it's actually pretty positive on a whole and I believe it provides a glimpse into what to expect 2 days from now), but it will add legitimacy to the nature of this evolving industry. What would REALLY fucking hurt... and it is something we desperately need to break away from-- is if they add the accredited investors bullshit to this. That has to be the single most stupidest rule on this god-given planet.

But, anyone at this point still saying "magic internet money" is again, a fucking idiot. The SEC/CTFC, along with other worldly governments wouldn't even be having these talks if bitcoin/cryptocurrency wasn't something real and of value

congrats on passing 9th grade english

>I should also point out that crypto has only ever existed in one of the longest bull markets backed by the greatest level of quantitative easing in history.
This is a valid concern

You're all morons if you think normie money will prop up the market. Here's a pro tip those who know about crypto and want to invest in it, have already. Crypto's been all over the news day after day, and the only thing stopping a normie from investing would them being poor. Think about how normies manage there money, their always in debt, always buying new useless shit like there fucking millionaires and rarely put any money into investments untill their in there 30's. What we had in December probably was the normie money bull run and it's the last bull run of that size we'll ever see.

How people can say this is over though is beyond me. If you know the first thing about blockchain then you know we're only just getting started. Sure 99% (literally) of the shit on CMC today will be gone in a few years time, but IMO it's not difficult to find the real projects that have a high chance of taking off big time and actually revolutionising industries as we know them. Businesses are only just starting to hear about this 'blockchain' and looking into it. Sure there are some forward thinkers like IBM who have started actual work on implementing blockchain technology but they haven't even scratched the surface yet.

The use cases are endless and I honestly believe it's a game changer, it's simply a matter of finding the right projects and holding for a few years. If you're an experienced trader there's a ton of money to be made in this volatile market, but the vast majority of us will just be better off holding for the foreseeable future.

what exactly needs to be solved?
it's a self regulating system

>literal suicide news