My nocoiner friend asked my why Bitcoin is still a thing, if there are coins that are much better suited for transacting. I reasoned that BTC is more like digital gold not money, and it is thus a good store of value. He was not convinced an chuckled that muh store of value just dropped about half to the the value it was storing in December.
Now I am starting to wonder myself. Can biz sell me Bitcoin again?
TO THE MOON
HODL
X PRICE BY Y DATE
in a nutshell
You forgot LAMBO
Bitcoin is the worst and a terrible store of value because of its volatility.
Reasons are for fags
...
>if there are coins that are much better suited for transacting
No one uses bitcoin for transacting so it does not matter if there are better coins for transacting, they cant replace bitcoin because being better at transacting doesnt effect a coin that isnt used for transacting.
It is a store of value. Gold has dropped 30% in a year. So if bitcoin and gold arent store of values because they decrease in value sometimes, what would be a store of value?
It's going to 40k this year. Good enough 4 me.
GTFO of this thread Bcashie, no one summoned you here.
Gold has also had large swings. The words "store of value" can be deceiving. That really only applies in times of economic crisis. Will Bitcoin be a true store of value? We won't know until:
1) the market becomes less speculative as a whole and
2) we see another economic crisis
We should have a big thread about the next possible economic crisis. Looking at the unemployment rates, I feel the next crisis could be coming soon. The low interest rates could be a red herring luring people rn into a false security that everything is alright.
kek
Ethereum is the only viable cryptocurrency. bitcoin was the first and had a headstart over competition but everyone has caught up with them now. cryptocurrency is no longer just for the tech savvy and opportunists.
Ethereum is both a crypto and a platform. It is capable of creating places for you to spend your ethereum thus allowing it to act as a real currency and not just a "store of value"
Ethereum is the one true crypto
The great flippening is coming
Look I know you guys want to circle jerk around Bitcoin but the coin is not anymore a store of value than anything else. If you want a store of value buy gold.
Otherwise
shut
the
fuck
up
Nobody, I repeat NOBODY believes Bitcoin is a good store of value.
First of its kind
Bitcoin is the human among the apes
The combustion engine among the horse manure
First sewer pipe system instead of outside shithouse
The Cement among wood and rock builders
The only reason Bitcoin is going up right now is because its piggybacking ETH through bot manipulation. Its actually a detriment to value. Bitcoin makes everything else worth less while also being the worst coin to hold in terms of percentage gains.
It is by far the worst store of value out of every major crypto on the market.
on that note looking at the graph right now for BTC it looks like we will be seeing another crash soonish. I doubt its going below 6k but it will probably be testing 6k again. the last two crashes did a very similar pattern as we see now.
>good store of value
>most volatile market in the history of the earth
>zero (0) intrinsic value
Really making me think there. It splits my sides how hard crypto tries to emulate gold even stealing terms like mining desperately attempting to make it seem that their meme internet points are valuable
Bitcoin is an ideological project based on principles of Anarcho-capitalism, hence its features: limited supply, maximum possible decentralisation, user to user trade with no 3rd parties being able to meddle in the exchange, security. It's pretty much the most right wing coin, all of the other coins go to the left trading off some of the decentralisation, security and freedom for things like speed, ease of usage, being prone to inflation etc. Sadly, all of the other coins require you to have some trust in 3rd parties. In my opinion bitcoin is the only coin that have a purpose to exist, but its just too cumber stone for normies to use.
Double dubs confirm incoming crash
Blockchain technology.
Blockchain technology.
Blockchain technology.
You wouldn’t have Blockchain technology without Bitcoin. You wouldn’t have cryptocurrency without Bitcoin. Bitcoin is forever tied to Blockchain technology.
The “value” isn’t in the coin itself, it’s in the blockchain technology behind the coin. In general when Bitcoin tanks the whole market tanks because MOST PEOPLE view Bitcoin as the key indicator of where the market is heading. That may never change, and that’s why Bitcoin is so important.
But yeah, Blockchain technology. google it. Read about it. Know what the fuck you’re putting your money into.
The whole point of cryptocurrencies is to be a bubble. They have no really interesting uses in the real world.
Besides drugs and illegal porn the only reason why people put money in crypto is to rid the bubble and get rich. Bitcoin is the biggest bubble of all so people keep going there.
Only reason now is the bitcoin shilling in media and more importantly all the btc pairings in all exchanges.
BTC is like the embodiment of all crypto combined right now until other pairs get more dominant
There's a recession like clockwork every ~8 years, so just by that we're over due. Then consider the Fed is pulling all sorts of money magic, and the recovery still has been anemic.
Wait not a crash, that's too strong a word. Its going to test 6k that's not a crash.
I fucked up and didn't think about the correct word to use.
between 5:00 PM and 12:00 AM EST tomorrow
The whole point of Personal Computers is to be a bubble. They have no really interesting uses in the real world.
Besides running a text editor in MSDOS the only real reason why people put money in desktops is to rid the bubble and get rich. IBM is the biggest bubble of all so people keep going there.
hope you're right
I am just going off previous patterns so far. Right now its doing that zig zaggy shit that usually turns into either a dip or a bearish reversal then slowly go sideways then drops.
>everything I like has to succeed because I compared it with past successes
Fintech will be a revolution. Cryptos, no. If blockchain comes to play a relevant part in the fintech revolution it will be by mere accident, and certainly not related to your pedotokens
There is no point for any coin except XMR.