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16706486 No.16706486 [Reply] [Original]

Another bearish year for BTC, prove me wrong.
https://greater-fools.com/2019/12/27/bitcoin-in-2020/

>> No.16706507
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16706507

>>16706486
Bitcoin was at $3750 last Jan 1st and today its at $7250
...literally double and you say its bearish?

>> No.16706509

>>16706486
No shit, sherlock. $1.2K by spring.

Kleros will rise against BTC.

>> No.16706749

>>16706507
cute girl btw name?

It's bearish, lower lows on the weekly.
I don't really care bullish or bearish but the volatility will decrease and that fucking sucks.
At some point I need to cash out and pay bills.

>> No.16706760

>>16706509
No erc-20 testnet ''utility token'' minted for free can dethrone a proof of work CURRENCY backed by electricity bills and dedicated hardware.

>> No.16706763

>>16706749
>cute girl btw name?
This is the most pathetic thing I see on these boards.

>> No.16706770

>>16706507
And on Jan 1 2018 it was $17k. What’s your point?How much evidence do you need that bitcoin has been bleeding out since the pump last summer and will probably continue to do so?

>> No.16706799

>>16706486
Nice blog

>> No.16706924

>>16706486
Nice for him to pull numbers out of the hat.
At least hes calling the bottom at 6.5k. If he isnt stacking sats under 7k hes just bullshitting

>> No.16706935
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16706935

>>16706760
>No erc-20 testnet ''utility token'' minted for free can dethrone a proof of work CURRENCY backed by electricity bills and dedicated hardware.

you stupid fucking mongrel, go look through CMC at all the proof of work coins from 2014 that are dead. cost of production is not the same as VALUE. the market decides value, and has valued MANY proof of work coins as fucking worthless.

>> No.16707270

>>16706935
Do I have to explain this. Are you a brainlet or what?
In bear-markets.The price of any commodity tends to gravitate toward the product cost.
The fact that miners still mine these coins, tells me miners still make a profit from mining these ''dead'' pow coins. The fact that you can still send coins from wallet to wallet, tells me the security is still intact. Network is still running.
The demand maybe tiny but hey price has reverted back to cost of production. Cost of production cannot be $0.


Same cannot be said for ERC-20 tokens, the cost of production for testnet is $0.
If a demand for a erc-20 token plummets and price is forced to be reverted to cost of production, price will still be $0.

VALUE COMES FROM UTILITY. TRUE VALUE THAT IS.
If you want sustainable growth you need people to actually consume the tokens. Right now, you got bunch of noobs hoarding tokens with no genuine demand, thinking some business will buy their bags.

The purpose of a utility token is to cut down on cost of a service, if these starts up can deliver a working product that is.