Buttcoin

It's over right?

Cyrpto-currencies are useful only for buying drugs and in general for those transactions require certain anonymity.
Normies and kikes who try to gain a profit from them deserve to lose money.

The economy goes in cycles you know

How hurt is your butt?

If you aren't a retard then you make money regardless of if the market is rising or falling. Only idiots who dumped their savings into crypto thinking they could just sit on it forever and passivly make millions are hurt by this. That said I am getting a bit annoyed with all the anti-crypto folks feeling validated every time the market makes any significant change. Especially when people think "this is THE bubble" or "THE fall". like this shit hasn't happened a half dozen times before. I've been in this shit since it was

It was over when people started treating it as an investment they wanted to flip, and not for its viability as a currency. While it would be nice to see the credit card empires fall, the service they provide to consumers is so smooth they don't even notice the machinery behind the scenes; it just works. What advantage does bitcoin offer Mrs Soccer mom?

well, it gives cia another income source next to drugs, weapons and taxes

it's going to be 1btc = $200 again. Let the salt flow.

LOL your buttcoins aren't even real. They are completely imaginery. Real money is a physical thing. I can hold my Dollars/Europoor bucks in my hand. I cant do this with (((cryptoshit))).
Get a life you LARPer.

Amen my brother.


In the past, currencies were doubled by gold/silver. Since Bretton-Woods they're doubled by shit. There's literally no reason whatsoever on why there is a difference between my physical wallet were I hold my euro/dollars/whatever and my bitcoin wallet in my smartphone. None.

hmmmmmmmmmmmmmmmmmmmmm...

THERE IS ALREADY A THREAD YOU FUCKING ATTENTION WHORE=


Facebook's ads and analytics aren't "real" but they're worth hundreds of millions, try again.

>(((Fackebook)))
So????? How does his make your imiganiary (((currency))) real?

Hmm seems like I fucked up.

No.

This is good for bitcoin.

>I just added (((parentheses))) to your argument, I win

just let this meme die already

Bytes are physical on your storage space, like it or not.

You do realize that even the physical legal tender you can hold is just a promissory note, right? It's a physical place holder for an abstract concept, namely value. Or do you think the cotton and ink in a dollar bill is actually 1 dollar of cotton and ink?

If bitcoin isn't "real" then money in the USA hasn't been "real" since 1965.

Crypto will never die and the tech is still advancing the usability.
It's still in a rather precarious place atm tho with tether. Once that bubble pops even more normie and major (((financial))) will pull out which will likely bring Bitcoin back below 10k but it'll be better for the health of the market and crypto all together. I do feel bad for all the people who'll lose money in insolvent exchanges.

>he doesn't know about the (((chosen meme)))
Lurk 5 aeons before posting.

It will plummet straight to zero. Bitcoin has no value other than as a speculation and trading tool. To someone who has no intention of using it as money, it's worth is nil. Physical money can be used for collection purposes, hanging in a frame on the wall, and if nothing else they're worth their weight in paper and metal - the only two factors that keep them worth more than absolute nothing. You can't do either with bitcoins.

But they're inaccessible outside of a specific set of circumstances involving a computer. Even if the US collapses tomorrow I could use my fiat money as firestarter or toilet paper. Bitcoins are nothing more than microscopic bumps on a hard drive that are useless. The only thing that gives them value is whatever dipshits assign to them because they think if they hoard enough they can sell them for actual money. Bitcoin started out as an okay niche currency to buy drugs and porn, but no one uses them for anything anymore, they just want to horde and dump.

Cryptocoins fall almost perfectly neatly under definition of a ponzi scheme, with the biggest difference being absence of a central con man controlling the whole deal directly, instead everyone is their own scammer. Distributed scam operation.

Well kind of, the people at the top of the pyramid are those who bought in first, or those who created the currency and gave themselves a starting reserve. I see what you're getting at though

Technically in a pyramid you pay to join but then you charge recruits and that's the only way for you to make money. Even though top of the pyramid profit "legitimately", the bottommost layer of the pyramid is always larger than entire structure on top of it, so there are always more people who just lost their money. It's not so much of a scam as a gamble of joining it early on and recruiting more suckers later on. Ponzi scheme is a clear cut scam. It poses itself as a legitimate business investment with high return on investment, however the money goes towards the head of the operation. They issue reports that say that investors' profits are growing and encourage them to keep the money in, the company is "showing" good growth and investors flock to it; to keep them flocking there are payouts in reasonable amounts. But eventually the investing stream dries up and at that point the scammer vanishes with all of the money. That of course won't happen with bitcoins, but as more people want to sell than there are people who want to buy, its cost will drop, which will trigger further sell-offs on one hand and rapid value deterioration will disincentivise buying and will drive prices even lower on the other hand.

A universal trading tool is not a trivial source of value. Bitcoin's long-term success is dependent on this purpose alone. Ironically, the more normalfags leave the Bitcoin world, the better it is at being a currency (its original purpose) as small transactions won't be prohibitively expensive. Volatility is the big killer here.

A distributed blockchain serves as a near-indestructable and universally-accessible store for small, unfalsifiable notes. That's far more useful than decoration.


You don't make any money holding cryptocoins unless you sell them, and then your profits eat away at your whale status. To call that a pyramid scheme is facetious.

*quantum teleports behind you*
*unsheathes superconductive junction*
pssh.... nothin personnel......... kid

calling it "buttcoin" points out that you only see bitcoin as an investment or stock or some other normalfag instrument and not something of technical merit. so this thread is off topic and you should be banned

same with cash. we should have all transactions done with Google Brainchip

...

>lol, I told you about the (((parentheses))) I added to my argument, I win

It's not about the argument, it's about you being a retarded newfag. Now fuck off back to read-only.

Why not use leaves? or sticks.. or literally anything else outside that hole in your wall? your paper currency isn't really compatible to it, the only difference it really has to something like gold/silver is you need some form of electricity

...

No son, you are a retard if you think pointing out your newfaggotry is a way to invalidate your argument. Which I don't disagree with anyway.

He wasn't being a newfag. He is making fun of you, for using kike parentheses as if they mean something.

Can I pay with Facebook ads at checkout?

it's a fundamentally flawed system that can't scale to real use and converges to centralization.

The price spike isn't use adoption, it's greedy people buying into a bubble, and guess what - in a zero sum game for every $1 someone makes, someone else has to lose it.

...

Smart move once it really hits rock bottom.

Really, you all have been crying "this is it, this is the final crash!" every time BitCoin crashed. The "final crash" has happened already five or six times, more or less the same way the Year of the Linux Desktop has been happening for the last seven years. It ALWAYS recovers, no exceptions; specially when the source of the crash happens to be news about China banning BitCoins how many times has it been already?.

t. coinfag

The only way it could crash and stay crashed is if everyone loses enthusiasm for it, and clearly that's not the case. It's going back up just like it did the last 50 times and no amount of "dude bubble lmao" will stop it. How high it goes and how long it stays up there is anyone's guess.

"Normalfags" nowadays is essentially sinonymous with regular 4chan and Holla Forums users. Deal with it.

I will sell 2018.

You know what's "funny"? America is heading down to 3rd world status so fast that 37% of people reckon they will never be able to retire, and God knows how much of the remaining 63% won't either. So some of them are "investing" in cryptocurrencies. Yup.

There have been fools falling for get rich quick schemes since forever. At least in the modern one's no one dies. They just go broke.

Dunno, living in debt and losing what little money they got together and having nothing left for healthcare is pretty close to dying an early death. It's one of those "hidden" ways the system kills people.

"Real" money is basically crypto at this point. Unless you're one of those larpers who keeps a mattress full of cash, 99% of your wealth is just 1s and 0s sitting in your bank's computer. You could spend absolutely all of it through digital transactions, without so much as laying eyes on a piece of green paper. I dare you to march down to your bank and ask to withdraw your entire account in cash so you can hold it in your hand; you won't be able to because the bank doesn't actually have that much cash in its vault, because in 2018 it's all digital and imaginary.

Are you saying that my money is stored in a central database would be similar to having my money stored in a decentralized database?
Who would have guessed?

I thought the cuckchan invasion was a meme

Why are these faggots still around?

they're trying to recoup their losses

The vast majority of currencies throughout history have had zero use-value, only exchange-value. They always were imaginary.

And amazingly enough you can practice currency speculation with all of them. It's not the money that's flawed, but the malignant and cancerous speculation community that's built up around it. There's nothing wrong with bitcoin itself, just the jews in the marketplace poisoning the water.

They do. They imply kikedness of the subject.

There is a crucial difference though: fiat money can be issued endlessly to create inflation and offset hoarding price increase (deflation), cryptoshit has no mechanism for limiting its deflation rate.

More news at 11.

Freshman tier.

Go back to cuckchan Holla Forums

salty nocoiners rofl

And now we're right back we started..

Well I agree speculators ought to be shot. Would it be possible to make a speculation-proof cryptocurrency?

The only way would be to make something that you cannot sell or trade, which defeats the purpose of currency since by definition it is some thing you trade in exchange for goods or services. Even if you tried to make some setup where you can't use the currency to buy itself, people would just use some middleman loophole to get around it.

Bitcoin is good to buy and use it straight away for whatever. In terms of investments it's very volatile so it can go either way. The issue is that it's value is purely speculative.