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File: 5 KB, 420x320, Bitcoin-Logo-PNG.png [View same] [iqdb] [saucenao] [google]
12740773 No.12740773 [Reply] [Original]

Literally no use case outside of speculation. And no, 20 people using it on the dark web 10 years ago doesnt count.

>> No.12740778

this.

and still these fortnite kids think that it will go 20k. it wont happen ever again.

>> No.12740786

>>12740773
>Main trading pair.
>only coin with any actual use

>> No.12740788

It's a binary thing, either it will moon or it won't

Always good to hold some just in case

>> No.12740795

>>12740778
20k lol? try 350k and then 1million!

>> No.12740811
File: 126 KB, 600x800, DzFL92lUcAE-kz_.jpg [View same] [iqdb] [saucenao] [google]
12740811

Bitcoin will deliver us from usury and bondage, PBUH.

>> No.12740817

>>12740778
there will probably be one more boom past 20k imo. all the normies will get in, lose their asses, realize its a scam and pursue legal recourse against exchanges. This will effectively kill / mutate crypto into the niche market it really is where sketchy start ups create stablecoins for random shitholes across the world in exchange for huge political favors.

>> No.12740831

>>12740817
this

>> No.12740838

>>12740773
Tx near ath.
Fees near atl.
Price near 2y low.
Literally sets the direction of the market.
More than half the mcap.
The only coin that has massive brand recognition.
Every major financial player invested in it.
Not going anywhere anytime soon.

Hold bitcoin or get rekd, the choice is yours I guess.

>> No.12740842

>>12740786
buutcoin getting BTFO by BNB

>> No.12740843

>>12740795
i think so too...it will minimum go to 100.000,- USD / coin, likely even beyond that. It’s a matter of time though, i’m talking years and decades.

>> No.12740858

>>12740838
also :
smartest & biggest dev community
lightning
longest around
‘the original one’
tried & tested

>> No.12740863

>>12740838
Nothing you said here gives me any confidence BTC will even be a thing 5 years from now. Just a bunch of technobabble and usual shill talking points. Also lmao @ "every financial player being in btc"

>> No.12740885

>>12740863
Most of the serious investment bank hold a stake of/in bitcoin. Either via influence, or exchange. Far from being their main activity yes.
I don't mean to convince anyone (I don't care), merely stating facts.

>> No.12740906

>>12740863
You must be very new. You fell for the BTC is a meme meme.

BTC is literally the only coin right now with fundamentals and intrinsic value.

>> No.12740907

>>12740863
you need to work the topic of bitcoin for a quite some time in full detail and extend. you’ll get a sense where it will be one day, i cant break that fully down for you, its too much.
i personally do believe it will ONE DAY be THE world reservere currency. BUT i may not be around when this happens. We’re still very early in this whole market. I really think 40-50 years ahead with this. i also have no doubt that BTC will crash again and again in this timeframe but come back stronger everytime.

>> No.12740932

>>12740773
Nice, I can just feel the end of the bear market shaking off weak hands. I predict just one more dip maybe to 3.4k, and after that it is moon.

>> No.12740955

>>12740906
newfag detected. bitcoin is shit and has no intrinsic value you stupid fuck

>> No.12741049

>>12740955
Lmao okay dumbass get ready to miss the boat for the fourth time

>> No.12741085

>>12740932
There are still multiple whales under the surface, selling their assets in small pieces over the time.

As long as the whales are not working together there will be no new rise. If one whale buys, the others will sell. Every whale has to buy, or at least stop selling.

Problem is that there is no more idiot money pouring in.

>> No.12741109

>>12741085
Don't concern yourself with the actions of whales. We are at a point where they wouldn't buy (for the reasons you outlined) and they wouldn't sell because they risk devaluing their bags which are worth more if, as you said it, they sell it on small chunks over time.

>Problem is that there is no more idiot money pouring in.
Yes, this is the fundamental problem of trading. A problem that Wall Street solved a long time ago. That is why all we have to do is wait patiently for ETFs and other vehicles. The moment some mutual funds start picking up bitcoin and other shit, it is moon. How many times has Wall Street tricked normal people to invest 1k to 10k in the stock market, only to JUST them with a bubble? They are the experts of this shit. Let them play, and they will bring their strategies for dumb money acquisition.|

>> No.12741151
File: 332 KB, 1080x1306, Monero-girl.jpg [View same] [iqdb] [saucenao] [google]
12741151

>>12740773

Bitcoin is literally the only coin that is really used for anything. The entire DarkNetMarkets industry was possible only because of Bitcoin. Fucking Backpage.com which all escorts and prostitutes used to post ads was only able to keep running for 2 years after Mastercard and Visa stopped banned them because it used Bitcoin.

You are a fucking moron. Monero is awesome but the entire DarkNetMarket users are so entrenched in Bitcoin that Monero is hardly used.

>> No.12741157
File: 113 KB, 750x750, altkoiner.jpg [View same] [iqdb] [saucenao] [google]
12741157

salty newfag shitcoiner detected

>> No.12741162

>>12740773

Omg fuck off dude hope you’re price averaging your FUD campaign isn’t working. WE WONT SELL.

>> No.12741180

>>12741157
wan't the altcoiners that burned berlin down

>> No.12741185

>>12740773
t. 2017-era newcomer who knows nothing about crypto

>> No.12741412

OP loves central authorites governing his assets. The epitome of an NPC. just end it already.

>> No.12741449

>>12741412
this isnt inherently a bad thing. everyone knows this except for crypto autists

>> No.12741542

>>12741449
>communism just hasnt been done correctly so far

>> No.12741558

>>12740786
binance could unironically unlist btc as a trading pair and be fine

>> No.12742841

>>12740773
speculating intensifies

>> No.12742933

>>12741449

Yes let’s all live under a king instead of a government with a separation of powers.

Moron.

>> No.12743019

>>12742933
Yes. Some form of monarchy is actually the supreme form of government.

>> No.12743052

>>12740786
Trading it with other shitcoins is not a real use case

>> No.12743190

>>12740773
>hurr durr no use case
>look at my advanced shitcoin, sure it costs like $35 to 51% attack it but IT HAS A USE CASE hehe so much better than the dinosaur coin hah! Im here for the tech, look at me everyone, is my vritue signaling strong enough?

if bitcoin doesn't have a use case for you then so doesn't gold or FIAT.
Keep your vechain or whatever the fuck youre holding thinking that "blockchain, not bitcoin!" will get you anywhere.

Disgusting retdred boomer logic, "yeah, bitcoin was first but BLOCKCHAIN is where it's at hehe" (look how smart and better than everyone else I am, BLOCKCHAIN, you hear me hah!)

blockchain is a meme, it's a fucking tool that's useful for bitcoin's purpose, everyone who think they can monetize open source code/blockchain alone is a retard

>> No.12743204

>>12740773
based and quality postpilled

BTC is like a geriatric dried out pot roast.

>> No.12743219

>>12743190
Blockchain has a use case. And the cold hard black pill is that BTC isn’t the best example of how to execute such utility.

>> No.12743262
File: 79 KB, 750x469, boomer_commodity.jpg [View same] [iqdb] [saucenao] [google]
12743262

Literally no use case outside speculation. And no, people using it in the Middle and Modern Ages doesn't count anymore.

>> No.12743282

>>12743219
if not the best example, but the only one trustless permissionless decentralized public ledger that is secure in existence.

>> No.12743300
File: 110 KB, 1280x725, DzJPCdVWsAEVrS6.jpg [View same] [iqdb] [saucenao] [google]
12743300

Next decade we will see a million dollar bitcoin.

>> No.12743318

>>12740778
crypto is dead... the new crypto is security tokens.. the only way non-accredited investors can profit from the upcoming sto bubble is by holding chx... they just announced a huge partnership today.. 10,000 chx to make it

>> No.12743333

>>12743300
that would be my guess too only probably sooner. once it goes past $500k there will be no stopping under $1mil. $100k is the next peak more likely than not then fall back to probably to the $20k region.

>> No.12743341

>>12743318
>security tokens
kek, go ahead be a retard see if i care!
>crypto is dead
moronic assumption of course.

>> No.12743368

>>12743262
That's a flawed argument because gold does have use cases. Jewelry, electronics and coins. It was also used as currency before the fiat scam

>> No.12743411

>>12743368
fiat is not a scam it's an evolutionary step in the form of money that freed the economy from constant inflation deflation waves that made lending unreliable and the economic growth stunted in potential.
but... if you give anyone a money press. he will abuse it. sooner or later he will. it's not a question just that, when?
the next evolutionary step in money is a system that self regulates the creation and destruction of currency based on supply and demand. where no many is in control of it, but rather it seeks a price equilibrium i'm thinking of a system like dai where smart contracts govern it and market actors are incentivized to maintain balance for meager profits.

>> No.12743412

>>12740773
Does another secure decentralized blockchain even exist in the world? All the forks and ERC tokens are ultimately under central control so they're equivalent to Disney bucks.

>> No.12743479

>>12743412
>Does another secure decentralized blockchain even exist in the world?
maybe, but not one that is also trustless and permissionless.
it's very easy to make trustful permissioned crypto systems secure.

>> No.12744247

>>12743219
no blockchain has no other use cases. After 10 years bitcoin (money/transfering value) is the only use case, everything else is completely retarded (dapps) or simply not worth the hassle because centralized solutions scale better.

Money is the only thing that needs to be decentralized. Separation of money and state. It's the biggest and best things about the whole cryptocurrency/blockchain industry

>> No.12744259

>>12740778
>he thinks normies won't fall for the get rich quick meme twice

>> No.12744288

>>12740932
If retards are still posting on biz about how its going to moon, then the bear market hasn't even started.

>> No.12744342

>>12740906
>BTC is literally the only coin right now with fundamentals and intrinsic value.
should be
>BTC WAS literally the only coin BACK THEN with fundamentals and intrinsic value.
This was until utter brainlets took over core and kicked the real bitcoin developers out. Those created bitcoin cash, which also failed.
Now none of these coins will make it into mainstream adoption, and unlike BTC, alts are at least capable of doing x10 moon missions when retards start buying

>> No.12744396

>>12740838
>>>12740773 (OP)
>Tx near ath.
>Fees near atl.
>Price near 2y low.
>Literally sets the direction of the market.
>More than half the mcap.
>The only coin that has massive brand recognition.
>Every major financial player invested in it.
>Not going anywhere anytime soon.
>Hold bitcoin or get rekd, the choice is yours I guess.


Introducing chicken cocks, the best chicken dicks on the market

Tx near ath
Fees near atl
Price near 2 y low
Literally sets the direction of market for chicken dicks
More than half the market cap of chicken dicks
The only chicken dick that has massive brand recognition
No
Not going anywhere any time soon
Buy chicken cocks or get rekt, the decision is yours


No wonder you are a wagecuck

>> No.12744434

>>12743479
I can tell from your posts in this thread you are smart and know what you are talking about. As a newbie do you think I should hold ETH or should I just only hold 100% BTC?

>> No.12744455

>>12744247
Nah, dapps are the future. What’s the point of decentralising money if we still hand over utter control over all data and power to Facebook google and amazon.


Stfu you corecuck brainlet

>> No.12744488
File: 131 KB, 400x266, nashkamoto.png [View same] [iqdb] [saucenao] [google]
12744488

>still asking why bitcoin has value in 2019
bullish

>> No.12744495

>>12744455
kys you absolute retard.
dapps make 0 sense because there is competition between apps and servies, there is no competition in the money market. Separating the state from the printing press is the only problem that matters. Decentralizing kikebook, pornhunb or some other retarded normie shit doesn't fucking matter.

>> No.12744509
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12744509

>>12743219

>> No.12744549
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12744549

Goodbye Corecucks

>> No.12744636
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12744636

>>12744549

>> No.12744836
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12744836

>>12744636

>> No.12745258
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12745258

>>12744836

>> No.12745282

>>12740773
1/10 FUD. Try harder faggot.

>> No.12745327
File: 83 KB, 830x960, cNRWbe4.jpg [View same] [iqdb] [saucenao] [google]
12745327

The problem with regular usage is regulations.
Bitcoin doesn't work for legal business because you need to refund people and pay them back the same btc value regardless of market fluctuation. This means mandatory refund laws can be abused to put all risk to the shop - if price falls you resell the goods holding original value, if price drops you refund and take the rise in btc value. As long as this is not either adressed with new regulations or btc becomes as stable as usd it will remain unusable for regular online-shops.

>> No.12745353

>>12740773
literally a coin that only still has value because the exchanges prop it up as the peg and refuse to replace it. You want to know who the real btc whales are? look no further than the exchanges and coinbase. that's who realy owns and controls btc.

>> No.12745385

You parasites shilling scamcoins are the most retarded people on this planet
Bitcoin is the only decentralized consensus with apps integrating in a scaleable way
LN surpassed 25k channels today

>> No.12745401

>>12744549
A bitcoin sidechain RSK has 20x more hashing power than your ScamVishnu

>> No.12745424

>>12744342
You are seriously misinformed (like most brainlets here)

>> No.12745430

>>12745385
>LN
if i wanted digital banking i wouldn't need crypto.

>> No.12745445

>>12745327
actually shorting was invented for exactly this reason. to remove price drop risk in a reasonable amount of time for a business that has it's costs in usd but income in btc.

>> No.12745457

>>12745430
unless you want digital banking (with all the safety and convenience) where you remain in full custody of your funds... then you need crypto.

>> No.12745529

>>12745430
I guarantee you use exchanges to hold your centralized shitcoins and think you're making a point
LN has the option to be fully decentralized and non custodial, a hybrid of non custodial but relying on a 3rd party, and fully custodial with some added benefits
You don't understand it but think you're smart
You're a fucking group think reddit tier brainlet

>> No.12745531

- has been around for 10 years and has never been hacked
- almost certainly the creator is dead so there is no figurehead steering the overall direction forward beside consensus
- widespread wallet/hardware wallet functionality
- no sign of any other coin even being close to flipping it

you know it's true. when the next bull run happens in anticipation of the halvening you will get wrecked if you don't own btc

>> No.12745561

>>12745529
this guy gets it

>> No.12745594

>>12745424
I was about to write out a comment, but I exceeded the text amount and realized I was wasting my time. There are more than enough gems in this thread right now for a critical thinker to start their research into understanding bitcoin's true capacity as sound money.

>> No.12745621

Speculation makes bitcoin a shit store of value. Digital cash should have a stable value. Lightning enables digital payments to be pretty easy and cheap. Its the retards that are trying to get rich quick that are the problem. Robert J Shiller wrote a Book Irrational Exuberance talking about how groupthink leads to ridiculous price bubbles. Look him up. Hes got a nobel prize in economics

>> No.12745648

>>12745385
who said OP was shilling scamcoins. Sounds like he was lumping everything together except BTC is the shittiest of the heap.

>> No.12745649
File: 73 KB, 851x695, 509260DB-B376-45AA-B22A-D50C6CFD7804.jpg [View same] [iqdb] [saucenao] [google]
12745649

>>12740838
>>12740932
>>12741151
>>12741157
>>12743190
>>12743341
>>12745385
>>12745531
LATE ADOPTER RETARDS HAHAHAHAH

Bitcoin
>isnt scalable
>is slow as fuck
>mining is centralized
>china can 51% whenever they want
>has the worst TPS
>has extremely high fees
>is unsecure, due to mining centralization
>uses a shit ton of electricity, 33% of the population will never use it just because of environmental impact alone, because muh climate change

Also, pic related just BTFO’d you kids out of existence
>has never been hacked
HAHAHAHAHAHAHAHAHAH
>he didnt know BTC got 51%’d

https://bitcointalk.org/index.php?topic=152348.0

https://bitcoinmagazine.com/articles/bitcoin-network-shaken-by-blockchain-fork-1363144448/

>>12743412
Yeah its called XRP kid

>>12743318
Based

>> No.12745676

>>12745621
agreed. if a crypto is ever gonna be usable or adopted itll need to be designed for stability. the crypto community is living in denial if it thinks adoption is gonna come without sacrificing the "moon missions"

>> No.12745681

>>12745594
Yikes

>> No.12745694

>>12745529
The very idea of LN reduces decentralization. The only real argument is if you use altcoins you also reduce decentralization since smaller chain means the same. The only valid option that doesn't fall victim to creating side channels and thereby reducing decentralization is increasing blocksize.

>>12745649
>banks own 99.9% premined and in full control
>trust us
kek

>> No.12745701
File: 76 KB, 900x700, i_have_no_passiveincome_and_I_Must_scream.jpg [View same] [iqdb] [saucenao] [google]
12745701

>Homos keep repeating "first mover advantage!"
>They don't realize that the first mover advantage only applies when nobody else is moving

>> No.12745712
File: 72 KB, 588x823, 1547071797764.jpg [View same] [iqdb] [saucenao] [google]
12745712

>>12745681
>I was about to write a comment
To this individual: >>12744342
Thought you would of got that reference, guess not

>> No.12745724
File: 67 KB, 544x608, F450B91D-37B9-4838-8A83-1C46D9FF472F.png [View same] [iqdb] [saucenao] [google]
12745724

>>12745694
>believing xrp fud
No retard, the banks dont own it all and there was no premine rofl

>> No.12745728

>>12743300
So let me get this straight. Because bitcoin has gone up it will continue to go up. Will it then go up some more because it went up? Its lemmings like you that cause bubbles.

>> No.12745738

>>12745728
Conversely, its lemmings like ((you)) that miss it.

>> No.12745757

>>12745738
Miss what? Not not frontrunning people to steal there money?

>> No.12745777
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12745777

>>12745738
Nice try coping BTC maximalists, us true early adopters, realized everything BTC stood for has been corrupted and destroyed

BTC will never be used as a global currency for peer to peer, XRP will though

>> No.12745795

>>12745694
The consensus of the chain is the only thing that can determine decentralzation
Adding an alt with a foundation and low security isn't a benefit
Adding blocksize and limiting who can operate a node is not a benefit
You don't understand this at all

Read about S2X and learn about a consensus
Then reference other chains like ETH who has a central foundation and will rollback and give throughput decisions to the miners

>> No.12745805

>>12745777
People don't hold USD becuase they want to get wealthy. In reality, even gold is not immune to speculatve price bubbles. But so long as any "token" is constanly experiencing speculative price bubbles, it is not useful as money.

>> No.12745817

>>12745621
>>12745676
this naturally comes with adoption and larger market share niggas. once btc has golds market cap it will be much slower and calmer.

>> No.12745833

>>12745649
fuck off with that centralized trustful permissioned closed source piece of crap!

>> No.12745846

>>12745694
>The very idea of LN reduces decentralization.
no it doesn't it's just a sad consequence of the routing problem on a flat network.

>> No.12745861

>>12745817
Agreed. That would help. But look at the shit that has happened with the stock market. It's the narrative that "the price is always going to go up" which causes people to buy at any price that is the problem. People need to stop thinking like that to stop the bubbles.

>> No.12745878

>>12745861
>people need to stop being greedy
Yeah, good luck with that.

>> No.12745900

>>12745878
Lol. fair enough.

>> No.12745905

>>12745817
>>12745833
>>12745846
Not an argument idiot

Cant wait til jihan 51%’s your centralized mining, non scalable, slow as fuck, high fee shitcoin. You late adopters are going to get rekt so unbelievably hard. All you BTC hodlers will jump off a bridge the next day

>> No.12745915

>>12745878
People don't think the same way about USD though.

>> No.12745918

>>12745805
Yeah USD doesnt go up because its infinite supply

XRP is fixed supply, and faster than SWIFT

>> No.12745927

>>12740773
Yep shit is going down to 0 if anyone actually believes this shit is going for another run then their delusional as fuck. BTC had its chance to become mainstream and gain the adoption it needed but people are too happy being cucked to banks to ever trust some internet coin. Do you honestly think anyone will want to touch something which will lose 95% of its value?

As we move closer to a fully cashless society crypto/blockchain is going to get the adoption it needs but it won't be some random coin on CMC it will be government controlled currency for each country.

>> No.12745973
File: 254 KB, 960x768, 0FF202BD-2CE8-421B-A5C5-4D45F79051F5.png [View same] [iqdb] [saucenao] [google]
12745973

>>12745927
Would be great to re read all these comments in exactly 2 years from now. Only if there was a way to archive this thread

>> No.12745982

>>12745905
Imagine being so out of the loop you think jihan has any power

>> No.12745993

>>12745918
Forex is not nearly as volitile as crypto. I agree that the monetary system is evil, but it has been an instrument of dominion forever. After the romans invaded you they would make you use their currency. (i think thats true... i dont actually know) But when groupthink says the value of something will always go up it wont be useful as money

>> No.12745995

>>12745905
>Not an argument idiot
what? those are all pretty much arguments by all definition. who is the idiot now?

>> No.12746055

>>12744495
Maybe developers will choose to rent computing power rather than invest in hardware for applications. Also, an anti censorship community could form and support a solid dapp. I, for example, had faith in steemit before I learned about "Dark Overlord" ban.

>> No.12746163
File: 32 KB, 659x529, 1525245556244.jpg [View same] [iqdb] [saucenao] [google]
12746163

>>12745724
>there was no premine
>team behind it just created all the existing Riples from nowhere and owned them all (still owns most of them)

>> No.12746540

>>12745817
nah, thats just typical shill narrative. just wait until something finally comes out that can scale at a high level without compromise on decentralization, along with having low volatility cooked into its design. its gonna happen soon. btc will be done for.

>> No.12746552
File: 31 KB, 250x251, laughing.jpg [View same] [iqdb] [saucenao] [google]
12746552

>mfw Bitcoin's Blocksize gets knocked down to 300 kb
>mfw this just pushes people off to other coins and king shitcoin becomes useless

>> No.12746631

bitcuck delusion about nothing ever besting btc will be studied by psychologists in the coming decades. im sure of it.

>> No.12746860

>>12740795
>>12740843
I also think this is the case but I constantly worry about it in terms of selling too early or too late. what is the smartest play? percentage based profit taking?

>> No.12746927

>>12740843
>my money is with good companies, it’s going to come back

>> No.12746944

>>12746927
Bitcoin isnt a company. Bitcoin is peer to peer electronic cash.

>> No.12747101

>>12746944
Bitcoin is blockstream.

>> No.12747127

All bitcoin has to do to stay #1 is insert transaction data from the other top 10 blockchain into it's blocks.

>> No.12747128

>>12747101
Get you ver's propaganda back to Twitter or plebbit. You reeks of street defecations.

>> No.12747509

>>12747127
This is the dumbest post I've read all day

>> No.12747610

>>12747509
See block collider.

>> No.12747629

>>12747610
No

>> No.12747671

>>12747629
Who pee'd in your cheerios?

>> No.12747798

>>12747671
You think your ICO scam is a solution?
Idiots like you are why people think bitcoin is a scam
Stop this parasite bullshit

>> No.12747844
File: 91 KB, 1280x720, rippleScam2.jpg [View same] [iqdb] [saucenao] [google]
12747844

>>12745649

32,000 blocks of Ripple missing. Data lost without a trace. Trust Ripple the company not do anything shady. Don't worry David Schwartz says he has all the data.
DECENTRALIZED.

https://forum.ripple.com/viewtopic.php?f=2&t=3613

>> No.12747887

>>12747798
I hold 1 bitcoin so my son can live in the citadel. I hold no bcash or sv. That said I can say with 100% confidence Bitcoin has been taken over and is being handicapped on purpose.

>> No.12747920

>>12747887
What was handicapped the code didn't change
A controversial hardfork backed by digital currency group and 90% of miners failed because it replace the devs who would have commit access
Don't fall for this propaganda

>> No.12747974

>>12745805
The US dollar is a Federal Reserve dollar. It's not money the country owns or uses that's backed by the countries gold supply anymore. It's printed out of thin air. When you take a loan out of the Federal Reserve, you owe it back plus interest. The debt never goes away. How the fuck is this a system we want anymore? Because it's the only currency we know? Fuck that. Time to end the Federal Reserve, the central banks, and kill the debt ceiling. It's fucking time.

>> No.12747983
File: 162 KB, 1600x1600, g5h5h4hh45h545h.jpg [View same] [iqdb] [saucenao] [google]
12747983

Bitcoin is sound money, that is, it has salability across scale, space, and time. Additionally, it has no central authority that can interfere with transactions, or print more supply. No alt meets this description like Bitcoin does. No alt operates without a central authority, this is a fact.

Every halving, we know the amount of btc miners receive from the block reward halves. So right off the bat, kWh / BTC doubles (Tx BTC rewards aren't NEW bitcoin, just recycled BTC, so this is ignored).
-As halving approaches, price increases --> Miner's are holding onto their BTC, speculators are buying and holding, so price rises. As price rises, new miners decide to join the fray. Hash rate rises (remember difficulty has plateaued at this point), so mining is more profitable at this higher price.
-As the price increases, miner's (who receive all the block reward), need to sell less and less of their earned BTC to meet fixed costs (wages, expenses, ect), demands rising and sell pressure is diminishing, causing a feedback loop with price increase. Total network hash rate goes exponential, difficulty too. We peak in price, but total network hash rate and difficulty keep rising for months later..
-Dump? A critical point is reached where:
1) Speculators (traders and miners) wanting to take profit, and,
2) Miner's needing to sell more BTC due to the insane exponential increase in difficulty making it hard for miner's to get a reward.
-Hash rate stills continues to increase after the ATH, this further emphasizes the dump as it becomes hard to mine bitcoin (difficulty increase) AND the price is decreasing.

Finally, network hash rate (kWh / BTC) is steady until the next halving..

This cycle will continue to perpetuate until the miner's receive insignificant block reward (no more new BTC). Will we have a few more mining bubbles in the next 2 halvings?

If yes, BTC to $1,000,000 by 2030, with each cycle getting smaller and smaller. I believe so.

>> No.12748006

>>12747798
Opcodes, segwit, dcg/blockstream, lightning rentseeking, smaller blocks

>> No.12748028

>>12748006
Yikes
so you think fixing tx malleability is bad scaling to 2nd layer is bad and attribute dcg with the 1 company who refused their closed door S2X NYA fork
You are an idiot

>> No.12748035
File: 392 KB, 1080x1080, Bitcoin.jpg [View same] [iqdb] [saucenao] [google]
12748035

>>12747983

>If yes, BTC to $1,000,000 by 2030, with each cycle getting smaller and smaller. I believe so.

It'll be really interesting to see what happens Anon. I remember guys who were around since 2013 were dumping in June 2017 when BTC dropped from $2,900 to $1,900 saying the chart looked like a complete cliff and we were falling off. I also remember a ton of guys jumped off the train during the China ban in September (I think) when BTC went from $5,300 range to $3,000 and vets said the bubble had popped. I dumped in June and September also but thankfully managed to hold most until December and the rest are timelocked. We got a ton more shell shocked vets now wary of bubble popping so I think it's uncharted territory but the upward pressure of each halvening is going to be tremendous.

>> No.12748040
File: 448 KB, 900x3300, 0xbtc.jpg [View same] [iqdb] [saucenao] [google]
12748040

>>12747983
0xBitcoin. https://youtu.be/BK68jbXOIWY

Same reward, difficulty adjustment, and other fundamentals as Bitcoin. Built on Ethereum, it is immune to 51% attacks. You have to attack Ethereum to attack 0xBitcoin. The first mineable erc20 token. The first fully decentralized cryptocurrency that isn't controlled by a group (i.e. Blockstream) and can work with smart contracts on Ethereum. Ethereum is viewed as a world computer in development and eventually will be that if all goes according to plan. It uses proof of work for distribution only. Dapps can be built to include it. It's a faster implementation of Bitcoin. Vitalik wanted to build Ethereum off Bitcoin. Now Bitcoin is built on Ethereum. DYOR people.

>> No.12748055

>>12748040
Yikes another ETHshit scam gtfo bud

>> No.12748116

>>12748035
It is only a matter of time. I truly think we won't be seeing BTC at these prices ever again. People going to look back and wish they put every penny at $3k.

>>12748040
BTC isn't valuable because it is the best technology wise, it has brand recognition, and happens to be the most secure, and liquid crypto in existence today. It's program is meant to accomplish very little, it was intended with essentially a single purpose, making BTC very resilient.

"Dinosaur tech" isn't always a bad thing.

>> No.12748117

>>12748055
What does Tone Vays cock taste like?

>> No.12748122

>>12748055
You got it wrong, "bud" No pre-mine or ICO. The contract is locked and can't be changed EVER. It's Bitcoin on Ethereum. Now what if Ethereum scales and finds a way to be the world computer it was designed to be. The Ethereum developer community is HUGE and continuing to figure out how to solve problems with scalability (zk starks implementation, Plasma, sharding) and remains the best platform for smart contracts.

Bitcoin was mined early by Satoshi and a million coins are in his, theirs or someone's wallet.

0xBitcoin is exactly what a cryptocurrency should be. So many features it has and the capabilities are endless if Ethereum continues to expand its own features.

>> No.12748171

>>12748116
Bitcoin will not die and its brand is the best. It's the first cryptocurrency. It's the first to solve the double spending problem and many years of research and ideas came together when Bitcoin was made. The log chart doesn't lie. Bitcoin will continue to skyrocket. The cycles will be longer after each bull run until it stabilizes at $1 million or something. Chicken eggs are still the best source of protein. Old tried and true methods in life are usually still the best.

>> No.12748256

>>12748122
It's secured by ETH which premined 72 million tokens guy
Nobody can sync a ETH validating node because miners control throughput
Oh but pos is coming in 72 months then vitalik can get fees on his 12 million staked eth

You're a fucking idiot, it's clearly a scam, it has so many holes in its design
B..b.but world computer you people are so stupid
Bb..b.but sharting plasma

>> No.12748271

>>12748117
Good rebuttle
You have nothing to say faggot

>> No.12748311

>>12748271
I have a hard time believing someone irl is this stupid. You must be on the payroll.

>> No.12748327

>>12748311
More deflecting
Respond to my last post to you >>12748028

>> No.12748331

>>12748256
Satoshi was pure genius, created the system, left his coins as a fuck you, and possibly left this planet all together

I do agree on the notion that customizability will only introduce more bugs glitches and programmable back doors, to an extent. If eth can get their shit together, it can thrive alongside BTC. that’s if and only if they refine their scope to be more manageable, and pick up the slack. And of course if it actually becomes decentralized lmao, that’s the first thing desu

>> No.12748354

>>12748331
Yeah, ETH will fix something with something more complex and have a centralized foundation force the change
On the main chain
How can this represent any kind of sustainability

>> No.12748416
File: 35 KB, 700x700, ackchyually.png [View same] [iqdb] [saucenao] [google]
12748416

>>12743262
gold can be made extremely thin and still conduct electricity. it's not the best material suited for moving electricity (copper is better and silver is best) but since gold can be made so thin it has less weight and is useful for space rockets

>> No.12748453

>>12748416
So that's why the most powerful governments still store tons and tons of it in their vaults, right?

>> No.12748550

>>12748354
On the sidechains and crosschains. Relayer networks and offchain scaling with sharding of transactions and a network of nodes staking Ethereum. Miners and forgers earn.

Cryptokitties was a laughing joke. Vitalik pre-mined his own creation like Satoshi mined his. Bitcoin was boring until Ethereum came along. They work in sync. Now it's much more than money.

>> No.12748712

>>12748550
>comparing vitalik to satoshi
Yikes

>> No.12748902
File: 51 KB, 1843x732, txsperday.png [View same] [iqdb] [saucenao] [google]
12748902

>> No.12748921

>>12748453
>Delusional

The most powerful governments are hoarding Bitcoin.

>> No.12748936

whats funny is there are people ITT unironicallu taking op seriously.

>> No.12749179
File: 15 KB, 248x189, pptears.jpg [View same] [iqdb] [saucenao] [google]
12749179

>>12745649
>that fucking pic

>> No.12749430

Remember when Steam briefly accepted Bitcoin payments?
Then they had to stop because of how unwieldy it was.
And this shit's supposed to be the currency of the future?

>> No.12749461

>>12742933
yes lets instead live under a political shadow government where we get to choose which members of said shadow government get to allocate our money to israel every 4 years.

>> No.12749469

>>12745649
>there are actual cretinous subhuman XRP hodlers on /biz/

whew lad

>> No.12749488

>>12749179
>>12749469
>he’s not buying the the new bitcoin thats 1000x better in everyway, at pennies
lol you noobs are going to get destroyed