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/biz/ - Business & Finance

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19979900 No.19979900 [Reply] [Original]

Why is noone buying bitcoin? No Meme answers.

>> No.19979917

>>19979900
They're trying to trigger a rally to unload their bags

>> No.19979923

>>19979900
It just doesn't do much anymore and it tanks at three times the rate of stocks if there is a liquidity problem in the world.

>> No.19979936

>>19979900
The promise of trustless digital value without fungibility is a flawed one
Nobody wants an asset where, once someone has transacted with you, they have access to every transaction youve ever made and every transaction you will ever make
The use case is still worth trillions
Protecting assets from divorce theft
A hedge against government tyrrany like 2a
The ability to cross borders with a universally accepted value instrument without any physical evidence of value transfer
For this use case to be realized the asset has to be completely fungible, private and trusted
Bitcoin is not that asset

>> No.19979973

>>19979900
There's like 500 other token chains you can invest/launder in

>> No.19980088

a T O N of people bought bitcoin when it was 16k+ and got fucked in the asshole, regular people that post on facebook and everything. Any time a normie talks about wanting to buy BTC, some other normie friend of his will come with the story of the time they lost thousands on bitcoin.

>> No.19980218

>>19979936
>once someone has transacted with you, they have access to every transaction youve ever made and every transaction you will ever make
There are ways around that. Also, exchanges allow you to obtain new addresses.

>> No.19980221
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19980221

>>19979900
To high price. I want to 100x my funds on altcoins. I don't have enough money that my investment doubling in the matter of 2-3 years is worth it.

>> No.19980241

>>19979900
Because Ethereum is the future.

>> No.19980310

>>19980218
just follow the new address

>> No.19980325

>>19980310
(assuming you're gonna transfer the money)

>> No.19980337
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19980337

>>19979900

because it has been peaked, muh halving was a nothingburger and now everyone smart is selling stealthy LMAO

it is that simple.

>> No.19980353
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19980353

>>19979900
Because the boomer markets are playing like they're stalling OP..

>> No.19980367

2023 new ath for btc

>> No.19980593

>>19980241

LOL, just fucking LMAO

the code is an amateur crap, design decisions were even worse.

the shit is dying and 2.0 will never happen

>> No.19980620

bitcoin is used to trade and make money, when noone is even using the actual physical thing bitcoin embodies, but creates money out of thin air to bet on, i feel like i'm talking about mortgage traunches at this point

>> No.19980643
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19980643

>>19980367
>i love the eagles
>imma eat my dick
>when I was your age...

>> No.19980810

>>19979900
Because the China dam is about to burst and destroy 80% of the Bitcoin hashpower, leaving it vulnerable to attack

>> No.19981215

>>19979900
fear