THEY are DESPERATE to get Americans to STOP BUYING BITCOIN

[Anonymous No.29224464]

Bank owned media: If you wanna get rich on BTC invest in our stocks, not crypto!

Hahahahahahahaha
https://www.cnbc.com/2021/02/19/ways-to-invest-in-bitcoin-without-holding-the-cryptocurrency-yourself-.html?utm_source=facebook&utm_medium=news_tab&utm_content=algorithm

BTC will unironically destroy the West and I can. Not. Wait.

[Anonymous No.29224736]

>>29224464
>BTC will unironically destroy the West and I can. Not. Wait.
No, it won't. BTC is not practical for everyday use. It doesn't scale well at all. It's way too slow for microtransactions, meaning you'll never see it widely adopted as a way to pay for goods and services

[Anonymous No.29224855]

>>29224736
+1, BNB will

[Anonymous No.29224944]

>>29224736
adult websites and restaurant chains in the uk are accepting dogecoin

It’s over for high tx fee shitcoins

[Anonymous No.29225060]

>>29224736
You're wrong. You're a faggot, and you're a shill. Literally kys you paper money shilling JOO. It's over. You lost.

[Anonymous No.29225568]

Options are limited for people trading in most IRAs to get exposure to crypto so yeah some stocks do the trick. It's better than Grayscale shit. I'm making lovely gains just swing trading MARA. If you had bought Mara in November instead of Bitcoin, you would be up more. So far as investing in crypto, equities may not be a long term substitute, but it's been good enough to ride the wave.

Same with my LTC 'shares' in my brokerage acct. That's how most people are buying in on the big coins anyways. We don't want to use Bitcoin, we just want to make money off of it. So if I can get the same or better returns without all the counterparty and user risk, why wouldn't I?

[Anonymous No.29225626]

>>29225060
No, I just understand the technology it uses. It's fucking slow as shit. That's not acceptable for finance in the modern world. PoW cryptocurrencies are inherently flawed in that they do not scale well. BTC gets recognition because it's the first of its kind. It will never have any use other than speculation and potentially as a store of value, similar to gold or silver. Newer cryptocurrencies have taken a look at BTC and ETH's shortcomings and have created technologies that, not only secure and decentralized, but scalable for use by billions of users. Do yourself a favor and look into other coins. BTC is baby's first crypto

[Anonymous No.29225878]

>>29224464
Fucking retard lmao every and their grandmas are shilling bitcoin. It’s the golden boy of crypto, the brand name. The perfect distraction before we flip the switch and the entire worlds banking system is updated and runs on DLT.
Retards don’t understand what’s coming.

[Anonymous No.29226136]

>>29224736
shh, you're gonna wake up the nano shill

[Anonymous No.29226604]

>>29224736
>Gold bullion is not practical for everyday use. It doesn't scale well at all. It's way too cumbersome for microtransactions, meaning you'll never see it widely adopted as a way to pay for goods and services
See how fucking retarded you sound?

[Anonymous No.29226669]

>>29224736
Custody banks hold crypto
Visa debit cards issued which check in 2 seconds if you have enough crypto. Transaction approved/denied
Custody banks settle amongst themselves every day, hour, whatever.
This is how BTC can be used to replace USD
Still think US govt has the most to lose and will ban Bitcoin or regulate it into the dirt

[Anonymous No.29226800]

>>29224736

you're right but it's not because of the reasons you mentioned, it's because if it ever came close to being a threat to the US, the US would ban the fuck out of it and crash it to 0

[Anonymous No.29226847]

>>29224736
>>29224944

[Anonymous No.29227036]

>>29226604
> t. doesn't understand false equivalence

[Anonymous No.29227098]

>>29226604
all of that is true which is why they created paper bills that were IOU's for the gold moron. See how fucking stupid you are

[Anonymous No.29227101]

>>29226669
>Still think US govt has the most to lose and will ban Bitcoin or regulate it into the dirt
Yep this. This is exactly why I plan on dropping my bags once BTC hits peak mania (probably near 100k). The US government will shut it down, it's only a manner of time.

[Anonymous No.29227181]

>>29224736
I can smell your fear k*ynes

50k BTC?
NOT FUCKING SELLING
100K BTC?
NOT FUCKING SELLING
500K BTC?
NOT SELLING ONE SATOSHI
1M BTC?
GUESS WHAT?NOT FUCKING SELLING ONE SINGLE SATOSHI

[Anonymous No.29227228]

>>29227098
Great, where do I get some of these bills to use at the grocery store and barber shop?

[Anonymous No.29227285]

>>29226669
Bitcoin is not a threat to the usd, it's a threat to swift and compliance jannies that abused their power for far too long.

The usd is actually the currency more correlated with crypto.

[Anonymous No.29227338]

>>29227036
it's not a false equivalency, even comparing it to party hats is accurate.

[Anonymous No.29227431]

>>29225626
It will always be a store of value. It’s like a piece of art. People will always want it because of insanely huge brand appeal. Not everything is about utility, and when it is, there are other coins that offer everything btc can’t, and they’ll do well too, but btc isn’t going away, it’s the digital equivalent of gold.

[Anonymous No.29227433]

>>29227101

they don't even actually have to do it. They can just FUD it. you thought "the Korea FUD" was bad wait until the US starts "hinting" that it might do something, every day

[Anonymous No.29227450]

>>29224736
People who have been following Bitcoin for all these years and still think it's supposed to be PayPal seriously make me wonder if single digit IQ is a thing

[Anonymous No.29227515]

>>29227228
This has to be bait

[Anonymous No.29227560]

>>29226604
You're missing the point. BTC can only handle 7 transactions per second, and it can take up to 60 minutes to make said transaction final. This is slow as fuck when you consider that you need to support hundreds of millions, perhaps billions, of users. Each transaction currently costs $8, and the security of the blockchain is now dependent on large mining farms, many of which operate in China. Can you see how much of a fucking issue that can be when you swipe your phone at the store to buy a $1 gallon of milk? There are other coins out there that are multitudes quicker, have fees that are less than a penny and don't rely on mining farms to validate new blocks on the blockchain

[Anonymous No.29227566]

>>29227228
Fiat currency you use every day does not need to be 1:1 with a store of value. If you know anything about eco imo mics you’d realize the country decUsed that “wasn’t a big deal” a long time ago. Having multiple stores of value is a good thing.

Next you’ll tell me lithium, uranium and iridium are useless because you can’t trade them for a haircut. What a moron.

[Anonymous No.29227574]

>>29224736
This. Banks have already subverted BTC. In order to use it people are required to use banking to fucking spend lmao

[Anonymous No.29227587]

>>29226604
OP said bitcoin would destroy the wect, his post is completely correct on why it wouldn't.

[Anonymous No.29227597]

>>29227560
How many transactions per second can gold bullion handle? Should I carry a dremel tool with me to mcdonald's to hack off enough of my bar for a #4?

[Anonymous No.29227644]

>>29227560

Ya but BTC will always have that gen 1 holographic Charizard swag

[Anonymous No.29227649]

Investing in bitcoin miner stocks is fine for techphobic boomers who would probably end up losing their wallets anyway or some other shit. You're just mad they're not willing to hold bags

[Anonymous No.29227690]

>>29227597
Do yourself a favor and research how digital finance works. Gold and silver are irrelevant to this discussion, and that was never the point I was making.

[Anonymous No.29227706]

the only time i ever hear bitcoin mentioned in real life is how much energy it costs to run
(((they))) really do not want you to buy it

[Anonymous No.29227799]

>>29227560
What if they verified you had (x) bitcoin in an account when you swipe your "BTC" card. The transaction is recorded on a secondary ledger, also decentralized. Then, once a month, they take your debted amount of BTC out from your account. You can not spend more than you have, and it is locked until debts balanced on linked accounts. Wouldn't this solve the problem, using layered solutions? Or am I just extra retarded?

[Anonymous No.29227812]

You guys don't even know what's coming

[Anonymous No.29227843]

>>29227690
You said BTC isn't practical for everyday use. Of course, it's not for everyday use just like bullion isn't for everyday use.

>My John Deere Combine Harvester isn't practical for everyday use driving on the interstate therefore it sucks!!! Look how smart I am!!!

[Anonymous No.29227996]

>>29227101
>thinks america controls the majority of bitcoin mining
burger education is top notch

[Anonymous No.29228006]

>>29227560
If you want to use bitcoin to pay for gas, use lightning apps. The real value of bitcoin is securely storing and sending large sums of money anywhere. The current solution for sending large sums of money overseas is called SWIFT. It's expensive, unreliable as balls, and it takes days for you to get your money.

Those other coins that are quicker and cheaper, their security is garbage. Most of them can be 50%-ed for less than the cost of 1BTC.

[Anonymous No.29228011]

>>29227560
The properties that makes a currency suitable for daily transactions doesn’t make it a great store of value and vice versa.

[Anonymous No.29228062]

>see article
>how to turn you 1400 stimie check into 25k!
>curious, see if it's about crypto
>says to put it in the s&p and wait 30 years
i'm older now and still finding new ways/reasons to hate boomers.

[Anonymous No.29228114]

>>29227566
>Fiat currency you use every day does not need to be 1:1 with a store of value.
>"wastn't a big deal"
That's actually what signaled the start of the decline, bud. People think it doesn't have to be 1:1 but if it's not you get all sorts of shady shit like money printer go brrr
America is the cash cow and it's so covered in ticks and fleas and mosquitoes that there's hardly enough blood to keep the cow alive anymore

[Anonymous No.29228122]

>>29226800
Bro, it's already happening in front of our eyes. They would never ban it from day to night but incentives to take people's minds off BTC are being made slowly but gradually.

[Anonymous No.29228178]

>>29224736
>It's way too slow for microtransactions
>switch banks
>ACH transfer balance on friday to new account
>sorry goy, that's 3 days
>and weekends don't count

[Anonymous No.29228197]

>>29224464
the west was destroyed when it let the south and the east in.

[Anonymous No.29228233]

>>29226669
dude all the fed has to do is just issue stable u.s coins on some type of accepted blockchain networks and dump their unlimited fiat into it. bam, bankers control crypto and MMT has been vindictated


i'm doing a bad job explaining, but basically crypto/digital assets are the key for MMT to be cemented as a 100% acceptable framework.

[Anonymous No.29228354]

>>29228122
If they did that, they'd basically be handing the entire world over to China, and they know it.

[Anonymous No.29228528]

>>29227799
Congratulations, you just invented the Lightning network.

[Anonymous No.29228531]

>>29224736
Imagine thinking it matters in the slightest if BTC is anything other than just another asset among millions that people can speculate on. nobody gives a shit if it has any actual practical function. we aren't changing the world, we're in a casino. buy low, sell high, secure your bag, exit stage

[Anonymous No.29228568]

>>29227843
>You said BTC isn't practical for everyday use. Of course, it's not for everyday use just like bullion isn't for everyday use.
Then we agree. What I'm saying is, a currency that cannot be and isn't capable of being used for everyday use will not "destroy the West" or the current central banking system for that matter. You need a digital currency that is not only decentralized but scalable, and one that is secure from bad actors.

>>29228011
I'm not arguing that BTC isn't or won't be a store of value. But a store of value doesn't threaten the central banking system

>>29228178
Banks don't handle microtransactions. That's handled by VISA, MasterCard, etc. Payment processors.

[Anonymous No.29228620]

>>29227690
I believe that he's trying to make a point that direct Bitcoin, like Gold, will rarely make small transactions, and instead a system will be put into place to allow for smaller transactions.

[Anonymous No.29228723]

>>29228354
I can see the XRP/XLM schizos being right. The U.S backing a USD stable coin on one of those blockchains and just pumping actual fiat into it creating an intense boom; making the U.S again one of the wealthiest empires 10x over. All normie transactions would still happen over USD, but it'd be backed by a blockchain. i'm doing a piss poor job explaining this but I think some people can understand; or just call me a dumbass lol

[Anonymous No.29228809]

>>29228568
>Banks don't handle microtransactions.
how do you think those "instant" transactions with VISA, MasterCard, etc. are actually cleared, genius? they are cleared by ACH. the credit card company just bears the risk until it clears. ACH clears once a day. even the shittest boomer cryptos like BTC transact much, much faster than ((((automated)))) clearinghouse transactions.

[Anonymous No.29228881]

>>29228809
>>29228568
also standard credit card fee is 2-3% even for large corporations. this cost is transparent to the consumer but it is UNDBOUTEDLY passed on to you, rolled into the margins which determine price. you are getting kiked worse than crypto.

[Anonymous No.29228938]

>>29224736
Seethe harder.

[Anonymous No.29228963]

>>29228233
Uh. Yeah maybe Fedcoin which the can create at will and also set to disappear after a week from your account if you don't spend it to "stimulate" the economy.
The entire appeal of BTC is it's scarcity and that central banks cannot print/create more at will to bail out those undeserving of a bailout.
Electronic payments existed in 2008 when BTC was created.
Seems you missed the entire point of removing control from governments and central banks to print money.

[Anonymous No.29229028]

>>29226604
That’s why silver and copper were used as well.

Gold for big things like buying a farm or a house. Silver for medium things like some goats or a rifle. Copper for small things like a newspaper or a meal. That was the monetary system for many hundreds of years. Then they went to paper vouchers for said metals as they were easier to carry around and divide. Then Nixon rug pulled the paper currency holders by “””temporarily””” taking us off the gold standard now our money is practically worthless.

Here’s a good example. In 1956 a new corvette was 4200$ or 120oz of gold. Today a new corvette is 70,000$ or 40oz of gold. If you held that gold from 1965 till now you’d have 210,000$ worth of gold. And be able to buy a new (much better) corvette and still have 80oz of gold left. If you held the 4200$ you’d have just that. It would be worth more as a collector item than as currency.

[Anonymous No.29229032]

>>29226800
Banning it would be bullish AF. If the US banned Bitcoin I guarantee it would hit 100k in a week.

[Anonymous No.29229180]

>>29229028
1965*

[Anonymous No.29229330]

>>29226604
When was the last time you payed for a tank of gas and bag of chips with gold, you retard.

[Anonymous No.29229427]

>>29228809
>>29228881
Yes, thank you for validating what I was saying. I'm not sure what you're getting so defensive about since we seem to agree and most things.

I don't know if you're mistaking me for being anti-crypto or anti-BTC; I'm not. I just argue that BTC in particular, while revolutionary, isn't the answer to what the OP suggests. Stores of value aren't a threat. But there are other coins that can preform transactions quicker and cheaper than BTC, that would truly undermine fiat currency and banks in general. They cut out the middleman.

[Anonymous No.29229447]

>>29228963
I don't think they'd go that far, but that would be an interesting idea. That idea would definitely backfire; the subscription based economy works better for draining lower/middle class income than just straight up deleting it.

BTC had a nice idea; but ultimately these forces are still the ruling elements of the world. They may be slow, but they're going to subvert and take it over for their own benefit.

[Anonymous No.29229779]

>>29228881
But the fact that it is rolled into the end price means that you pay it no matter what you pay with.
Vending machines used to give a slight discount for non-card transactions until they realized they could just pocket the difference.

[Anonymous No.29230024]

>>29229447
Don't think they can subvert or take it over.
More like:
>Any American who owns, buys, or sells btc goes to jail for 10 years
Must study history
https://en.wikipedia.org/wiki/Executive_Order_6102

[Anonymous No.29230112]

>>29228114
Agreed, not saying I agree with it, just observing the state it things. It makes things like gold and bitcoin extremely important because the stand firm in opposing to the jewry that is our government.

[Anonymous No.29230423]

>>29228006
You mean corrupt CCP members laundering their money into dollars using crypto. Gee I'm sure this will continue to be allowed!

[Anonymous No.29230466]

>>29230024
It's a possibility; but the consequences would outweigh the benefits in all honesty. America can seize assets from political dissidents easily; but a flat ban and prosecution on it would cause a decent sized blowback. Major players own it and would cause multiple media + lobbying efforts against that.

It makes more sense logically these elements just create or hop aboard an accepted blockchain made specifically for them to own; they pump it full of value and make it mostly inaccessible to normal people and they continue this wild experiment while mass printing dollars in some sort of "Golden age".

multiple run on sentences and conspiracy minded rambling I know, pls forgive.

[Anonymous No.29230623]

banks are doing exactly what I predicted. They are buying up all the BTC they can last year and this year, then they are going to market sell and crash it with no survivors. Then repeat.

[Anonymous No.29230782]

>>29224736
>>29225626
u r stupid
btc takes up to a few hours during high demand
it takes 3-5 businesses days to get my money out of the stocks in my TFSA and into my spending account
its takes 1 business day to send money to my visa.
how long does it take huge corporations to send money somewhere? and how do you do that without corruption?
just because its not instant like everything else you zoom zooms like doesn't mean its bad

[Anonymous No.29230795]

>>29226800
banning it would only increase the price and add glamour. See Prohibition.

[Anonymous No.29230863]

>>29227036
love how the idiot making a false equivalence accuses the other person of making one, pretending to speak for him.

[Anonymous No.29230917]

>>29230466
Not trying to be a dick it just didn't make sense. What would central bank currency do now that they can't do now except self destruct type stuff?
To your point about blowback, yes it would have to occur during a crisis such as inflation, unemployment, or currency crisis when normies will accept extreme measures. That is how Hitler emerged out of hyperinflation.
You can already write the script same as FDR taking gold. "shit is bad so we need to work together for the benefit of everyone and use Fedcoin. The greedy gold/BTC hoarders are making the economy worse by not spending"
https://medium.com/datadriveninvestor/why-bitcoin-could-be-banned-or-criminalized-in-the-coming-years-278b46b9fe86

[Anonymous No.29230959]

>>29227574
No, retard

[Anonymous No.29231293]

>>29230782
Why wait days when other coins only make you wait seconds?
Also, the fees of BTC doesn't make it optimal for small transactions, and the security and operation of the blockchain is becoming increasingly centralized, contrary to one of its intended purposes and its main appeal, in the hands of large mining farms.

[Anonymous No.29231449]

>>29231293
reading comprehension isnt a strong suit for u is it zoom zoom
>the fees of BTC doesn't make it optimal for small transactions
stay poor pleb

[Anonymous No.29231601]

>>29231449
I don't think you understand the point I was arguing.

[Anonymous No.29231917]

>>29224464
They're not wrong LMAO. If you bought RIOT or BFARF you would have outperformed holding btc or eth. Mining stocks do 5x the gains of bitcoin and they are much easier to liquidate.
Only thing that can beat these stocks is degen leverage trading but we all know you guys all suck at that

[Anonymous No.29232102]

>>29230917
BTC is so many digits long, they could continue the system with fiat/assets being backed by whole BTCs and people working for fractions of it. I see what you mean though and it is in the realm of big possibilities. Something in me just thinks they can navigate it more smoothly without having to be overtly draconian. It's weird they don't want another Hitler but continue to replacate exact scenarios where one will inevitably spawn up from the masses. It makes more sense to keep the masses comfy, especially when they've pretty much cemented the fact they 100% control America.

[Anonymous No.29232584]

Daily reminder that if enough normies invest there would be too much collateral damage if the governments rugpull crypto

[Anonymous No.29232595]

>>29229427
There are no coins in existance that can scale to a level to replace all banks while not being centralized as shit. You have absolutely no idea what you are talking about. You just fell for the shitcoin shills.

[Anonymous No.29233008]

>>29232595
Pure proof of stake. ALGO
You can thank me later

[Anonymous No.29233293]

>>29225568
where do you get your sources?unironically.