Why

[Anonymous No.13594145]

Why in the absolute fuck would anyone buy anything BUT Bitcoin

[Anonymous No.13594280]

>>13594145
Eth is probably a fine buy right now too. Nothing else tho

[Anonymous No.13594325]

>>13594145
Because shitcoins and BTC have different cycles and one can effectively gain more BTC by using this shitcoin cycke strategy. You don’t go all in with shitcoins but to not diversify is retarded too. Use common sense and look at ALT/BTC graphs not just /USD graphs

[Anonymous No.13594343]

>>13594145
Because I don't want only Bitcoin.

[Anonymous No.13594413]

>>13594145
no idea

[Anonymous No.13594431]

>>13594325
It's not diversification though, it's all the same asset class. Most altcoins are highly correlated with each-other, and to a lesser degree, with BTC.

[Anonymous No.13594451]

>>13594145
I bought more ETH yesterday. ETH seems to correlate with BTC pumps but when BTC dumps, people look at ETH as a reserve backup.

[Anonymous No.13594480]

>>13594145
why would anyone buy bitcoin.
It produces no income, it burns millions daily,
it's a bagholder game in which any profit is someone else's loss.
Average buyer is mathematically guaranteed to lose money.

[Anonymous No.13594504]

>>13594480
It produces me thousands every week

[Anonymous No.13594515]

>>13594480
? It's the opposite.
>it burns millions daily
When a bitcoin get's lost, it decreases the supply of bitcoin, thus increasing the price of remaining bitcoins.

>Average buyer is mathematically guaranteed to lose money.
Fiat is the opposite. Countries print money like crazy, which inflates and devalues their money.

BTC holders are matematically guaranteed to GAIN money, as fiat constantly loses value and BTC gains it.

[Anonymous No.13594548]

>>13594145
What kind of question is this?

[Anonymous No.13594554]

>>13594145
because bitcoin is a shitcoin

[Anonymous No.13594593]

>>13594515
>When a bitcoin get's lost, it decreases the supply of bitcoin, thus increasing the price of remaining bitcoins.
At current price, daily mining revenue is $11.2M/day. Miners may choose to keep the profit of their revenue unsold, but they are forced to sell at least enough to pay for the operation costs. This is all funded by buyers.
>Fiat is the opposite. Countries print money like crazy, which inflates and devalues their money.
almost nobody saves wealth in cash, inflation inflates assets just as everything else. The transfer of resources to the state relies on taxes, not inflation.
>BTC holders are matematically guaranteed to GAIN money
the equation is very simple:
total individual profits (people who made money selling bitcoin) + mining costs = total losses
this scheme is called a negative sum game.

in something productive the equation is
total individual profits + operation cost = total losses + profit generated by the underlying (eg. a factory)
which makes it possible for total losses to be zero - everyone gains, a positive sum game.
Bitcoin doesn't produce anything.

[Anonymous No.13594609]

>>13594145
I'm hoping for the shitcoins to moon so I can get more BTC.

[Anonymous No.13594610]

>>13594145
>Go 100% in alts before alt run
>Make several BTC in the alt run
>Sell the alts and HODL the Bitcoin until the next crash and then go all in alts again.
>Repeat
Not that hard to figure out desu.

[Anonymous No.13594624]

>>13594145
Other coins make more money and can do more things. Why would anyone buy Bitcoin is the real question.

[Anonymous No.13595088]

>almost nobody saves wealth in cash
Because it loses value over time. People save wealth in assets that gain more value than what is taken by inflation.

>The transfer of resources to the state relies on taxes, not inflation.
Inflation is when the central bank prints money (usually in order to pay some debt) with the effect of devaluing every other dollar by increasing its supply. This is the government transferring resources to the state by taking a bit of the value of every dollar.

>Bitcoin doesn't produce anything.
What does the US dollar produce? Nothing, it is a store of value, and poor one at that.

My point is that BTC will always gain value over fiat currencies, as fiat have an expanding supply while BTC has a shrinking supply. If an asset has stable supply, its USD pricing will follow inflation values. If it has a shrinking supply, it is guaranteed to outdo inflation.

[Anonymous No.13595113]

>>13594609
me too. but it's an ugly cycle. jumping into alts for a boost and when it doesn't happen you're left with less btc.

[Anonymous No.13595129]

>>13594624
because everyone knows about it. it's easy to buy. more businesses accept it than any other crypto. people from all over the world can use it. Use your fucking brain for once in your life.

[Anonymous No.13595130]

Because its a shitcoin.

[Anonymous No.13595140]

>>13594145
because most of people here are poor fags and want a higher risk higher gains like altcoins rather than low risk low gains like bitcoin

[Anonymous No.13595173]

>>13595129
>it's easy to buy. more businesses accept it than any other crypto.

But it cant BE a business. That's the problem. A bunch of centralized shit businesses begrudgingly accept Bitcoin. Lightning will never get off the ground, its OBVIOUSLY betamax tier shit.

> "YAY the future"

The real deal is when you use a service and you don't even know or care its based on a crypto and it gains traction regardless. Screen cap this fuck boy. You will learn the hard way trust me.

[Anonymous No.13595190]

>>13594145
because btc died when it became centralized, fucking chinks admittedly have control. “We are potentially doing a rollback on the chain” -CZ. Buying bitcoin is literally supporting chink ass slanted eyed gooks in china. Any white male or even american resident that buys, trades or holds bitcoin should kill themselves. Imagine buying into and doing unpaid shilling for a chinese ponzi. If you’re going to buy any crypto buy an american coin. And yes, infinite supply russian scamcoin ETH is dogshit too.
BTC=china
ETH=russia
Any american holding these two coins should actually be shot on sight. And to think pseuds on here actually believe these two coins are “bank killers”, fucking idiots the FED will drop this shit to fucking zero, and all you hodlers of this shit will be jumping off buildings or on foodstamps in less than 3 years

[Anonymous No.13595213]

>>13595140
>because most of people here are poor fags and want a higher risk higher gains like altcoins rather than low risk low gains like bitcoin

I view bitcoin as a greater risk than say ETH / EOS for example. ETH and EOS can at any moment pump out one dapp that becomes popular, either it be a game or the next snapchat or some weird shit like that. Half the users don't even know or care its blockchain based. They just know its better than Facebook or Twitter and you get the VBucks.

Bitcoin doesn't have that advantage so its a liability when the next generation simply don't care about having it because the VBucks are all the rage.

[Anonymous No.13595223]

>unironically asking here, what does bitcoin even do that is not done better by 10+ other shitcoins? Just seems like precious metals except for 30 year old boomers.

[Anonymous No.13595308]

>>13595223
>>unironically asking here, what does bitcoin even do that is not done better by 10+ other shitcoins?

Its a recognizable name and its "safe" because it leads the market. Its otherwise a dead end and it has the second most toxic user base. Personally I have a hard time sleeping at night holding BTC because I am fully aware its shit fundamentals make it a grandpa coin ready top shit the bed. I would personally prefer to take tiny bit more risk and hold stuff that matters.

[Anonymous No.13595361]

>>13594145
Why the fuck are you hiding in a sewer pipe?

[Anonymous No.13595390]

>>13594593
>At current price, daily mining revenue is $11.2M/day. [...] This is all funded by buyers.
this is true, but if "the currency costs money to exist" is bad, might wanna look at how many federal tax dollars the treasury department and federal reserve spend on their continued existence

>almost nobody saves wealth in cash
this is objectively false; lots of (especially poorer) people save money in cash, and pensions are defined in nominal cash terms, so retired people on a pension also get f**ked by inflation, in addition to poor people who save their money in cash

>(people who made money selling bitcoin) + mining costs = total losses
wrong; if the price of bitcoin continues to go up, then literally everyone who buys bitcoin makes a profit and nobody takes a loss; your model assumes that the price moves up and down but never trends upward, which is an objectively false assumption

Keep coping brother

[Anonymous No.13595442]

>>13595390
>wrong; if the price of bitcoin continues to go up
the price only means someone traded bitcoin, it doesn't mean you can sell at it