What makes you think that anyone will ever buy a 20k bitcoin again?
Much less a 100k or even 1 million bitcoin?
Yes i know it went up and down strongly many times in the past, blablabla, but this was the first appearance of bitcoin investors into the mainstream, where most people don't even have a simple understanding of how markets work.
A bunch of clueless wannabe investors starting flooding facebook and social media telling people how bitcoin was going to make them all rich, now all of these people make all the crypto-currency scene look like a bunch of idiots, no better than herbalife salesmen.
For there to be another bullrun we would need a massive amount of people investing with the price of a bitcoin between 20k-100k, do you really think the average normie, which doesn't even have 10k in savings and is crippled in debt, will be willing to invest there life savings to buy 0.001 of a 50k bitcoin? Psychologically it just will never sound appealing to them.
This shit is going to keep going down hard, for many, many years to come, possibly for ever.
If there is ever another bullrun, it's going to be in a decade or so, not anytime soon.
2013-2014 you had bitcoin vaguely appear into mainstream investors/business discussions.
2017, you had 15 year olds at recess telling each other they were going to get rich off of bitcoin.
Just let it go, you are being emotionally attached to your money, you didn't believe in bitcoin this strongly before the bullrun, you know it.
Dominic Carter
Nobody is ever buying bchsv
Nathan Hernandez
Take a look at the charts, sweetie.
Easton Davis
90% of those buy are from Craig
Sebastian Long
What value does bchsv offer over bitcoin? none.
Bitcoin is a scam, but bchsv is a scam of a scam.
Matthew Rodriguez
In order for bitcoin (or any other crypto) to survive (and as much as everyone hates the idea)... there is going to have to be some regulation.
1. Rules involving exchanges. Regulation would prevent exchanges from blocking cash withdraws, from there being price differentials between exchanges; would provide protection from exchange operators who run off with everyone's money; and would provide relief for those who get robbed by people taking advantage of weaknesses in exchange security.
2. Market Makers... in the regulated stock market, there are entities known as "market makers", who function to provide liquidity and stabilization in the market. They buy when no one else is buying, they sell when no one else is selling, and they provide the liquidity necessary for price stability.
3. More clear rules on tax treatment of crypto. As much as people hate paying taxes, the world would be a better place if they just finally settled the question as to how crypto transactions should be taxed. The trading community as a whole would be better off if everyone had to fight on an even playing field.
The bottom line... crypto will not survive without price stability. No serious investor is going to put his money in an instrument whose price can swing 25% one way or the other over the course of weeks. And the only way to solve this problem is through regulation.
Nathaniel James
is that suppose to faze me? punk. also it don't even match pajeet, normies are gone, and the dip i was saving for the whole year only to unload my fiat bags on top of pajeets such as yourselves.
what a stupid fucking pasta to begin with.
Jayden Moore
Not a pasta, just some honest thoughts. If people want crypto to be nothing but a pump-and-dump scheme where a few get rich by fleecing the many; that's everyone's choice.
But if someone has dreams of bitcoin going back up to 16k, or for crypto to have any future in the real world, the whole system is going to have to grow up.
Ryan Collins
Go fuck yourself OP
Xavier Green
is that suppose to faze me? punk. bears are the fiat bulls, they are this deluded that they actually believe that they are going to see 300 usd per coin
Caleb Reyes
Something needs to backup these coins, otherwise it will never have any value or be consistent.
Brody Phillips
emotional
Blake Sanchez
Probably, but not necessarily.
Crypto is essentially an attempt to transfer wealth from the "haves" to the "new haves". In the old days it would simply be a matter of killing the rich and stealing their money. This time, it is creating a new electronic system which may or may not be better than the current system, but whose side effect definitely includes the no-so-subtle idea that all of the "wealth" is suddenly owned by the person who first created the coin.
Theoretically, crypto is attempting to replace gold as an object whose value comes solely from the consent of the user. It worked for gold, but then again gold is an oddity. There is no reason why gold should have "value" in the first place, but 2700 years of people going along with the idea has solidified gold's position as the value-by-consent standard.
If enough people were to go along with the idea of crypto having value, then it would have value. The only true value in a currency is its ability to purchase goods and services in the real world, and to be a store of wealth and a store of work. If enough people decided to accept coin as payment for goods and services, it would then have "value".
However, again, none of this is possible until they solve the very real problems with crypto, mainly the price instability and the MANY problems with the current exchange system.
Cameron Howard
As far as I am concerned, bitcoin was always prone to die because of the amount of energy it requires
Lucas Thompson
This is really dumb FUD. The higher the price, the more intense FOMO will be.
Carter Hernandez
simple. it does everything gold does but better
Jayden Diaz
This is also true. According to this article, each bitcoin transaction requires 215 kWh. There isn't enough energy generation on the planet to support a system that requires this much energy to verify my purchase of a $3 cup of coffee
Trading gold doesn't cost energy like bitcoin does
James Evans
the only hope for another bull run of the same magnitude is fear, not greed
Jackson Gutierrez
lmao
Matthew Lewis
what do you think happens when you electronic put in an order to buy gold? you think a trader working by candlelight writes down an order and sends it to a seller via carrier pigeon? retard
Nathan Long
An electronic gold transaction is just changing a few bytes in a database somewhere. It costs no more electricity than it would cost Starbucks to update their balance sheet after you bought a coffee. Far cry from millions of nodes hashing to confirm a Bitcoin transaction.
Andrew Bailey
Interesting
The fear of a collapsing Fiat currency undergoing hyperinflation for example
If the stock markets crash like 2008 we may see a massive crypto run again
Although it could just as easily crash crypto and everyone will hedge with gold instead
Jack Torres
This was far from mainstream. The next bubble will be when there's a hype and the masses are at the same time able to buy it through their local bank or if buying is made much easier for your average retard that.
Note: in switzerland there's already a crypto ETF and BTC (and others) will hit the swiss stock exchange mid 2019. other nations will have to follow if they wanna keep up. Thats when 1m gonna happen
Noah Flores
But do you really believe people will be interested in buying 0.00027 bitcoin with their entire life savings?
No. The same reason the masses have no savings, no investments in stocks and no idea of how the economy works in general.
There will never be a golden bull run. Stop spending your days checking coinmarketcap, the hopium is killing you slowly.
Accept that you fell into a bubble and are going to need to live the routine like everybody and you are not going to get rich quick and easily.
It's fine, 99.99% of people aren't going to either.
Adrian Green
Before your dad jizzed into your mom at the right (wrong) time of the month and thus you were born to come share your knowledge and grace with us s movie ticket used to cost 0.05 and a train ticket 0.5 and milk 0.02
Your inflated stupid brain thinks in inflated fist terms where a house costs 1500000 and a tv 1400 and gum 1. The larger the number the more worthless the shit you are trading for your purchase Is.
Jayden Davis
It doesn't matter and that's not my point.
Normies don't have a good understanding of market caps or the economy or of money.
Why do you ever think it will become appealing to them to spend 2000$ to own 0.005 bitcoin? None of them have ever invested in stocks why would they start now? Now that all of them are laughing at those idiot friend of theres that were boasting on social media that they were going to become rich off of buying bitcoin at 20k? the image is tarnished.
On top of that it has the image of being horrible for the ecologie now.
Bitcoin will not see 20k again for at least a decade and probably never.
The sooner you stop being so emotionally attached to bitcoin the sooner the pain will stop and you will save yourself the embarassement of being that guy that held onto a ponzi scheme until 0.
Connor Long
You think all of those $20 buy orders really pumped the price?
Carter Collins
second this
Luis Jenkins
What do you think did?
Leo Gomez
In 2017/2018, even my 60+ year-old coworkers were talking about saving up to buy into Bitcoin. The hype killed it
Chase Cruz
>2017, you had 15 year olds at recess telling each other they were going to get rich off of bitcoin. Literally never happened.
Justin Ross
So they will be buying satoshis. can easily fork 20$ for two hundred. There may or might not be another bullrun, but your point is beyond weak. I personally expect lots of movements when we have a smart contracts hype cycle.
Joshua Ortiz
the technology
once companies start rolling out that are disrupting industries with blockchain, perhaps we'll see something akin to the .com boom
depends how successful these companies will really be of course
