Do you realize Bitcoin has no bottom? It is not backed by government or anything. It's just internet magic beany babies money with no intrinsic value. The ponzi has collapsed. Stop buying "digital gold" and buy the real deal.
Do you realize Bitcoin has no bottom? It is not backed by government or anything...
Xavier Cooper
Nolan Rodriguez
Just realized it has no top. Ty op
Oliver Hughes
OP has no bottom because he has been anally raped by a million dicks
Elijah Adams
The government do not "back" a currency, only the people back it by using it.
Nobody really uses crypto right now though, it's a matter of speculation that everybody eventually will.
Henry Gutierrez
buffet is against crypto for the same reason he's against gold. they are unproductive assets. gold sits in a vault just like crypto.
Easton Stewart
OP your so right, im going to start buying fiat
Aaron Kelly
>unproductive assets
if Bitcoin is a unproductive asset, then so is the FED
Anthony Russell
>unproductive assets
But magical securities printed by the companies are
Oliver Price
Shares are productive assets because companies create value through transformation of labor and materials into more valuble products you fucking dingbats!
Bitcoin is not a 'productive asset' even if it is a profitable investment because it's a store of value - it doesn't create value.
Bond however are a contract to receive future cashflow guaranteed by government: how is that in anyway similar to bitcoin!?! A decentralized platform for storing and transfering wealth specifically designed to avoid interference of gubermint!
The absolute state of Jow Forums!!
Liam White
What BTC offers is a store of wealth out of the reach of the FED and the government.
Samuel Brown
This is unironically true and I think we all know there. We're just gambling at this point for 1 last pump to cash out and buy safe boomer stocks
Aiden Rogers
This entirely relies on opinion. Opinion changes, just like the market shows.
Blake Brooks
it's baby brains
Easton Campbell
You're either completely wrong, or quoted somebody you didn't mean to?
Jace Bennett
how do you measure the "bottom" on something thats infinitely divisible into even smaller parts?
Jackson Baker
so how do you cash out 10 years from now when there's only a $5000 market volume actually being traded and you have $1 billion (technically) invested?
Lucas Walker
Do you have brain damage? Are you alright?
Nicholas James
Boomer Warren doesn’t own gold either and trashes it too OP
Luis Kelly
at least with gold there's institutional investors or hoarders willing to spend $1 billion to buy a pallet's worth of gold
people only buy bitcoin in increments of $100 at a time for drugs, so good luck cashing out
Noah Perez
1 BTC is "technically" worth $6400 only because 0.015669 BTC is being sold for $100
Connor Lee
These threads are an unironic bull signal
Boomers are sweating in the summer heat, feeling uncomfortable, knowing they're going to die, knowing they're too old and dumb for this next big thing. This is the final death gasp of the boomer bubble before we pop its fat guts into the fertilizing manure of the world.
Ayden Hill
problem is though, no one is going to buy 1 BTC at a time unless they're some libertarian idiot, so you're stuck with $100 orders and if you want to cash out at once you'd crash the spot price instantly
so now you're stuck with an asset that has to be sold over 10 years in $100 increments in order to keep it's value
it's an illiquid asset
maybe you guys should be considering the time value of money vs risk
Mason Phillips
lol the first person to cash out is going to destroy the market
businessinsider.com
Kayden Long
>illiquid asset
boomer COPE
Joshua Murphy
coinmarketcap.com
Bitcoin's volume in the last 24 hours was $4,807,320,000.
That's almost 5 billion dollars. What the fuck are you talking about?
Daniel Rogers
t. boomer
Jaxon Hill
>illiquid asset
>5 billion 24hr volume
>in the lows of a bearmarket
>with china trading ban still intact
Jose Baker
What's the average bitcoin trade?
Andrew Perez
fpbp
Hunter Anderson
actually probably meant to go with the mode, what trades at what dollar amount are the most common?
Wyatt Sanchez
art is essentially priceless but good luck finding a buyer for a $15 million van gouh
Mason King
>7 posts all saying the same shit
The answer is yes
Andrew Ramirez
Whats the average sensensionalist piece of shit journalism article that youre quoting to feel verified
this thing
businessinsider.com
was written by a 12 year old with 5 minutes allocated to research
>comparing art to an asset that has literally 5 billion USD trading volume
dude will you stop
Noah Brown
I don't know where to find that data, but does it matter? For example, on Binance alone, the 24hr volume was 257 million. That's like 10 million an hour.
coinmarketcap.com
You're not crashing the price by selling over $100. Or $1000. Or $10,000. Or $100,000. Or $1,000,000. I've sold 100k before and it didn't move the price. Did I sell it all at once? No. But I did it over the course of like, 5 minutes.
Nolan Gomez
lmao all of the volume is self reported by exchanges, you don't really know shit. crypto-crypto and crypto-tether volume is pointless too
Robert Diaz
Opinion on gold didn't change much during the last 5000 years.
Kayden Nguyen
what we do know is that somehow 2.5 billion Tether is in Use
Joshua Baker
Nothing is out of the government's reach