[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 1.02 MB, 1652x3399, NocoinersOnTheCasket.jpg [View same] [iqdb] [saucenao] [google]
11934608 No.11934608 [Reply] [Original]

>2015
>"Fair value's $20 a coin, dude, and the technicals are shit."
>2018
>"Fair value's $1000 a coin, dude, and the technicals are shit."

>> No.11934646

Bitcoin is a speculative bubble. No one knows how high it can really go.
And the technicals are still shit.

>> No.11934672
File: 273 KB, 1809x796, 1543138777259.png [View same] [iqdb] [saucenao] [google]
11934672

>>11934608
But now the fundamentals are shit too.

>> No.11934801

>>11934646
>>11934672
>here's the bcash bagholder again

>> No.11935140
File: 3.02 MB, 1422x4632, boomerstheabsolutestate.png [View same] [iqdb] [saucenao] [google]
11935140

>> No.11935349

>>11934801
Every time I see this image and it gets responded to like this without an actual rebuttal, I am more convinced it's correct.
Does anyone actually have any proof it's wrong?

>> No.11935391

>>11935349
No, because it's not wrong.

>> No.11935423

>>11935349
It, and info like it, has been posted dozens of times, and never actually disputed. The only reasonable conclusion is that it is correct and the market just doesn't care.

>> No.11935531

>>11935349
No. Hes right. However most crypto holders pick BTC even though it is an utter shitcoin because to normies crypto = bitcoin

>> No.11935767

>>11935349
>>11935391
>>11935423
>>11935531
Bcash trolls have been refuted since 2015. Continuing would be bitting bait.
Also samebag

>> No.11936098

>>11935767
That's a lie though. But nice conspiracy theory thinking everyone is out to get you just because they can recognize the scam.

>> No.11936266

>>11934646

Exactly. Posts like the OP are just shilling to encourage the pumping - they NEED you to buy in so they can keep perpetuating the hype and keep the bubble going for a little more. Then it will pop and you'll be left holding the bag.

This is the same thing that happened during the dotcom bubble at the turn of the millennium. People invested a lot of money into technology stocks making prices skyrocket to an absurd level. Inevitably after awhile FUD sets in (only what shills call FUD is literally just plain ol' common sense), people realize that 1) the fundamentals were fucked and 2) even if the companies were sound, you were still paying a shitload more above the stock's "intrinsic" price. Then your gains get pulverized.

Ask yourself why most people who invest in crypto are millennials and zoomers. Is it because old people are inherently incapable of understanding crypto? No, it's because anyone older than 40 has experienced the dotcom bubble firsthand and remembers it. (unless they're dum-dums, but hey, more idiot money in the market is always a good thing).

The bitcoin boom has been over since last year's end. BTC itself has very limited value (as a currency) since the coin works like shit and there are better alternatives avaliable. It was a pioneer product and it's served its purpose of paving the way to better optimized cryptocurrency, but we still have a long road to go before we get an actually viable crypto product the average joe can reliably use. BTC will keep steeadily losing money until that happens, but don't kid yourself - the big gain days are over.

Also, this talk of being early adopters is ridiculous. Early adoption for BTC was until the first quarter of last year, midyear 2017 if you wanna push it. Peak's come and gone since.

>> No.11936905

>>11936266
If BTC was going to scale to status as a global currency, it would be early days. But that is never going to happen for very sound an obvious architectural reasons which have been re-stated to death dozens of times here and elsewhere. The "muh digital gold" use case is laughable in light of this, because as anyone who knows anything about the subject knows, you cannot have a store of value that is not also a medium of exchange.
So that only leaves cryptocurrencies that might actually scale up to global currency. And right now the market is completely irrational about them, whilst at the same time de-valuing them compared to king shitcoin. So you can't even load up cheap on alts because of the way they're pegged to BTC, which itself is a useless toxic asset weighing the entire market down. There's nothing you can do, this is literally a case of "the market can remain irrational longer than you can remain solvent". And until it becomes rational, the promise of cryptocurrencies will remain forever out of reach.

>> No.11936916

My fud is so effective I can't beileve I am literally stealing at these prices

>> No.11936937

>>11934608
>fundamentally it is worthless because the protocol is not secure