>that 30y boomer who thought magic internet tokens was really going to be taken seriously as a currency
NEW YORK POST: Why Bitcoin may soon be worth nothing
>I thought we’d finally get rid of bitcoin. But the fake “currency,” which I like to call bitcon, just won’t fade away.
says based expert, JOHN CRUDELE
nypost.com
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kek
>[it's] really worth nothing since it’s backed by nothing or no one
based
They've been doing this for ages though. It's obvious older generations don't understand nor even want to understand that this stuff does have value and can be measured. Who cares what some faggot at the NY times says? Had you listened to them the past 8 years you'd have missed out on every bullrun possible.
>says the increasingly desperate boomer for the 7th time this year
TRANSLATION:
--------------------
>the goyim knows magic internet tokens are really going to be taken seriously as a currency
(((NEW YORK POST))): uncontrolled currencies like Bitcoin may soon be worth nothing
nypost.com
>tfw I thought (((we))) could finally get rid of Bitcoin. We tried calling it a "fake currency" and blockstreamed it, but Bitcon returned as BCH and just won’t fade away.
>does have value
But it's backed by n o t h i n g and n o o n e
fuck off bcashie
nobody likes your shitcoin
You guys are absolutely transparent. So easy to instantly spot you.
>muh backed meme
by "you guys" you mean people who prefer bitcoin versus the altcoin bcash?
Yeah I guess you got me
>NY Times
This event NYT worthy journalism, its the fucking New York post, it’s like taking investment advice from the Daily Mail.
Ben Garrison would like to have a word with you.
I always went for altcoins, more secure from cash point of view, and more interesting if you ask me
sky, eth, ltc
(((Newyorkpost)))
Thanks for the bullflag, retard
Lmao, biz has more in-depth posts than this 'article'.
Does anyone really take this seriously?
>John Crudele makes a blog post and gets paid for it
Fucking checked and fully keked. Establishment shills on suicide watch heh.
Ask Venezuela and Ukraine people how happy they are with their 'backed' currencies.
holy fuck that's bullish
looks like the bear market won't be as long as most people thought
>Does anyone really take this seriously?
boomers of all ages do
Probably missed every bull run
Kikes on suicide watch
Good times
It will always hold value whilst it's accepted on Darkweb for payments. Probably go down to 1k again since that makes for drug dealer and drug buyers to work stuff out.
cap this
Ah yes, the Barry Prismall "shallow and clueless low IQ literal boomer who thinks he knows everything" school of journalism
So you're saying Bitmain should shut down 70% of the miners what they have already invested in to stay profitable?
>betting against Bitmain
>never gonna make it
>fake “currency
Except that it's MATH that makes Bitcoin more real than the Fiat shekels
>worth nothing since it’s backed by nothing or no one
Mining hardware, electricity
>backed by no one meme
it's backed by the users, hodlers, miners, ISP's, the internet itself, and self aware code.
people need to be more accurate
and thats a good thing
What the fuck is this blog post and why did he think it was worth writing? Very SAD
I'm pretty sure mining hardware and electricity don't guarantee Bitcoin is worth what they say it is.
>[it's] really worth nothing since it’s backed by nothing or no one
interesting, i wonder what he's opinions on bitcoin are
wow insightful article. I'm convinced. Just sold everything thanks for the heads up.
Read that article and thought it was parody. He says nothing except it's just evil. What a fucking joke! He needs to be put on death row.
It's worth the price you must pay to mine. Base price being 2K. It's deflationary and has value. Ether has greater value because of utility, being a commodity. Both aren't going anywhere.
That's the whole purpose, retard
They guarantee its worth 6k to whomever wants to mine a block.
That you don't understand why someone values bitcoin says more about you than about btc
Not being able to understand economics, yet giving people this 'great' advice. Lol. John needs a brain implant.
All you need to know that Bitcoin is a scam is that hardly anyone even uses Bitcoin as a currency. Instead, they treat it like a volatile stock.
Because it's so volatile and risky, it is next to impossible to use as a widespread adopted currency by people. If I have a dollar, I want that dollar to be worth at least 99.99% of its worth tomorrow so I can know I have a safe storage of value.
Everyone I see who hypes up BTC is just eager to cash out back to the stupid dreaded fiat US dollar that they spit daggers at all day. They want nothing more than to sell Bitcoin and be rich in USD, not bitcoin.
>New York Post
>Believing it's quality journalism
this guy is coping harder than those bcash late adopters. imagine being him, holy shit
>2018 and the still dont understand the power of fomo
Pathetic.
>the US dollar is backed by its users, forex investors, the federal reserve, general banks, and the internet itself!
so nothing? The concept of there being a hidden criminal currency of gold coins from John Wick is 10000% more feasible and realistic than bitcoin.
Ill put it to you goyim this way. As long as people want an easy way to get rich bitcoin will always have value and since that will always be true bitcoin will never die. No matter how many boomer articles get churned out a year. It makes no difference. They still dont understand the power of fomo and they never will.
why can't you just give a straight answer as to why Bitcoin has innate worth to you?
There will be no shortage of scams for people looking to get rich quick, but that doesn't mean those scams are reasonable and sound economic policies.
Ha.
youtu.be
youtu.be
currencyindependence.com
fnordprefekt.de
don't fall for their propaganda
we need a 'Global Bitcoin Day' where every whatever of the month, everyone puts in at least $xx.xx (or whatever fiat) into the crypto space
it'll be like recycling
*hacks your exchange and you lose 30%+ of all your cryptoshit*
I just did. And you still dont understand. Your just as dumb as the boomer that wrote that article. Still thinking in terms of physical value backed money. Your a goy.
Anyone not stocking up on BCH are going to be very sorry in a few years.
Regret not buying BTC that first time you heard about it? Well you've been given a second chance and are literally making the same mistake again.
Or worse, you're buying into propaganda and pissing on it, like this sorry guy
*hacks your (((kind))) to pieces*
so bitcoin is fiat by definition. fantastic
Buy when tabloids are bearish, sell when tabloids turn bullish.
I mean both fiat and government*
Its backed by greed. This will always make it outperform the dollar. And as long as it has more purchasing power than the dollar it will be used.
Cant beleive i had to spell it all out for you.
>Fiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value
lmao are you legit 14 or something?
>fudding this hard
Oh man imagine reaching that age but having nothing to do in your life but try and fud. What a failure of a man.
I can point out that bitcoin fits the fiat definition and also dislike having a fiat USD
tell me, when as the last time you spent bitcoin on something worth over $25?
The state of mut media
Who cares if currency has anything backing it up, the only thing that makes a currency that is that other people will accept it.
Bitcone is just so much better because its the first step into ancapland where people are starting to realize "why the hell are we paying so much to these useless government thugs anyways?"
>graph shows that a gold backed mark is more stable than fiat
>I-it's okay that bitcoin is f-fiat. Someday I'll quit m-my job at Wendy's!!!!
Ancap and Libertarian is a total meme. The average person didn't grow up autistic and friendless, having to develop 100% self-sufficiency without social interdependency
coin.dance
crypto already being used as intended
>s-see? South American dystopias like Venezuela u-use Bitcoin!
again, when was the last time you actually spent bitcoin on something worth over $25?
buying other cryptos of course
the average person also thinks 2 towers fell on 9/11 and the dollar is backed by gold. the average person lacks critical thought or a desire to understand issues beyond what is immediately useful to their situation. fuck the average person.
Well thats not even what ancap is about, if you are in favor of bitcoin and other cryptos or decentralized ways of setting maters then you're probably ancap to the core and dont even realize it, user.
Its not about 100% self sufficiency but about the inherent ability of society to manage itself without the big meanie telling you what to do by threat of force. Which is exactly what we have been doing all this time.
>tries to claim that bitcoin is worth shit and it'll revolutionize finance
>has never spent bitcoin on anything
like I said. You just want to cash out and be rich in USD, not bitcoins.
unironically, ever Libertarian I've met is on the spectrum. Not even as an insult, but genuinely autistic or with assburgers.
you probably just have low intelligence
You sound kinda dumb.
Libertarians are often that weird lone wolf kid no one talked to growing up but always got good grades.
He then bases his odd antisocial tendencies as the root of his political ideology. This has been literally 100% of every single interaction I've had with a genuine libertarian.
you're impossible
I just can't wait until enough of the world agrees to do away with jews once and for all
I'm crossing my fingers that it'll happen in my lifetime
>s-someday I'll turn my $2000 into like a million like I see in those bitcoin millionaire videos!!!!
lol, that's you
So your gonna sit there and pretend you wont fomo your life savings into btc if it hits 19k again?
lol, that's you
fuck that dude to death. total idiot. had not legitimate reasons for his claim.
These boomer memes are becoming reddit tier.
Bitcoin CASH 50k eoy
Have you ever considered making a critical argument about the issues rather than coming to your understanding of issues through making biased generalizations based on personal interactions?
boohoo it isnt worth anything ;_; guys
stop buying ;_;
guys ;_;
It's the technology itself that is valuable. 99% of these coins are useless and more of a Kickstarter than an investment. Most of the coins don't even have a direct tie to the value as a technology. It's like donating money to the stock market.
It's not that simple.
- Bitcoin represents the believe in cryptocurrency as a whole, it doesn't matter that its technology is outdated compared to some newer coins. Core devs could always adapt new technology into Bitcoin. It will never be replaced.
- Altcoins are the testing ground for incorporating new features, they can end up like shitcoins.
- Shitcoins (featureless clones) are literally just a race who can dump the fastest, it's like gambling.
>roger ver deposited 0.0025 bch to your wallet for this post.
Yeah but they are gonna die soon so who cares.
What if some altcoins will be suddenly better than Bitcoin, like better scalability without LN ?
This haha stupid fucks. What's peoples obsession with a reliable trust? Backed by someone and shit. It's a currency people choose to exchange for value.
Its backed by the people, and valued by the people.
Too bad for authoritarian who needs a parent dictating them kek decentralization is not for you.
Fiat bagholders getting rekted since 1913 lmao
And the morons enjoy their own slavery
This mainly ignored fact kills the bankster.
Plenty of people use it as a currency, most people who are rich as fuck from crypto still have nearly all of their crypto.
Old people being stupid is an opportunity for young people to profit.
this is it boys strap in
nocoiners btfo
