How can you honestly look at this and think BTC is going to recover? Do your feeble minds even understand commodities need utility in order to be worth money? On what basis will bitcoin rise in value? Due to its function as a currency, which is nonexistent? How can you think that a currency which cannot serve its most basic function will go up in price?
Honest question here. I don't understand what's going on in the brains coiners on this board.
short it then faggot
it's utility is you can buy shitcoins with it. when more fiat to crypto alt exchanges are created then maybe worry a little bit
t.nocoiner
bitcoin is better gold than gold
golds price is manipulated, who knows how scarce it really is. gold asteroids
Shut the fuck up faggot.
the time to short it is already over. It's going to be a slow decline now, since people realize BTC is nonfunctional.
This. The only reason anybody uses it is either to short/long or buy altcoins. If you use it for any other reason you're a brainlet, even DNMs use other currencies now (like monero)
Bitcoin's function is to secure and transfer money. It does this extremely well. That is why its price goes up.
That's literally it. It's so fucking simple. Autists rant and rave about other coins with better technology and more features and other purported uses but virtually all of them miss the entire fucking point and that's why they can't understand Bitcoin's price. Bitcoin has essentially 1 very important function and it accomplishes this function extremely well. That's it.
>btc
>commodity
Fuck off faggot, it's a pure speculative asset, your opinions are worth less than dog shit and it'll continue to go up or down rapidly and nonsensically for the foreseeable future.
There were thousands of tards like you saying the same shit when it reached beyond parity with the dollar. IT. DOESN'T. MATTER. CUNT.
At this point the reason for bitcoin is to buy other cryptocurrencies which might someday take over. One or two of these thing packed with features will be all we need. Only a couple of these will survive out of everything out now. XLM and xrp have actual use or tests already. I love when bitcoin stays the same or grows only for the reason that the money flows in other cryptocurrencies.
Retards like OP wouldnt understand that even in a milllion years
>At this point the only purpose for Google is to search for other search engines which might some day take over. One or two of these things packed with features will be all we need.
This is you.
>"secure"
only as secure as the brainlets using it (who must secure their keys)
>"transfer"
if u weren't a brainlet you'd realize the volatility of this asset makes it impossible to use to transfer any large sum reliably. Volatility of course wouldn't be a problem if BTC was as fast as a debit card / venmo / bank transfer, but ironically the fact that BTC is such a piece of shit that it takes +/-15mins to complete a transaction exposes the transfer parties to this risk and makes it useless for the very thing it supposedly "disrupts" (kek)
Both are somewhat valid complaints and I won't deny that. It's not perfect yet.
He sold at 6k.
BTC will hit $68k in 6 months, cap this I’m not even larping.
Listen kid. Just because you were lucky enough to mine some bitcoins a couple years ago while jerking off to Japanese tentacle porn in your mother’s basement doesn’t make you informed on this.
Bitcoin is a slow dinosaur that is centralized. Owned mostly by a small group who control the entire market with their whale activities and wash trading.
The sooner we can get rid of this piece of shit, the sooner we’ll have real adoption and these coins with better technology will do more than “just secure and transfer money”.
Got it buddy? Now fuck off with your holier than thou know it all horseshit.
>$180 transaction fees and a 65 hour waiting times per transaction
it will be beautiful.
Because you only invest for the memes.
Why'd you need to stress over it?
You're thinking too much, Just invest a money you can afford to lose, like 2% of your networth or something
I throw $800 at January last year and it's $60k today (100k+ at January 2018), i don't even know what a blockchain is
audible kek
...what? Slow declines are literally the best time to short. Less chance of a bounce liquidating you.
If you really believe it's overvalued, post your short or we won't believe you. For all we know, you could be long and trying to bait people into selling you their bags for cheap. Proof or gtfo.
btc would be undervalued at 62.3k by the time it gets there despite being overvalued today.
Where are we going boys
interesting claim. what is this based on? where did you get that number from?