Everyone here thinks the "bubble" that is now popping can be understood as the 2017 run-up to ~20k. That's why everyone here keeps believing each dump brings us to at or near the bottom and are then shocked when time and time again those "bottoms" are violated. We're below the cost of mining, we're below the historical log trend, etc., etc. Every support is breaking and people here keep scratching their heads.
NEWSFLASH: What we are witnessing is in fact the catastrophic end of a macro, multi-year bullrun that started not in early 2017 but in 2008 with BTC's very creation. BTC, and crypto in general, has not seen ANY appreciable adoption and has NO relevant real-world use cases; and all price gain over the last ten years has been the result of speculative hopium, an unfounded belief that one day, maybe, these things would arrive. Well, it's now 2018 and finally, FINALLY the world has realized that they won't and never will.
Expect a return to triple digit BTC by EOY and, at some point in 2019, a return to double digit BTC. There won't be a bounce. We will never see the prices we are seeing today again, let alone a new ATH. In 10 years people won't even remember that coins like XLM, ETH, EOS, NEO, etc. ever EXISTED, and BTC will be talked about in the same way that Beanie Babies and Pets.com are now.
When's the last time you bought something with gold?
Dylan Reyes
>a return to double digit BTC im a turbobear but that wont happen because of all the drugs that are sold on the dw, that is the true value of btc, somewhere between 800 and 400 $
Elijah Lopez
this are the buy signal boys. Seriously what motivates you guys to post these every 5 minutes where we have a red day. BTC isint dead man, it never will be.
Chase Johnson
fpbp I hope
Thomas Thomas
it's a bump in the fucking log chart and there is a concrete reason for it (hashwar).
Pretty sure the delusional permabulls are the ones who have been wrong over and over and over for literally a year now.
>He unironically thinks BTC is the same as gold
Nathan Scott
OP, is right tough. The 3017 bulletin would never became so big without ICO’s. And know that everyone is smart enough to not invest into cash grab, vapor ware that has no use case and never will be adopted.
Therefore there won’t be another speculative bubble
Sebastian Ortiz
pfffffft you're a funny guy : 'D
Jeremiah Evans
>Therefore there won’t be another speculative bubble next bubble will obv. be people desperately trying to save their money when fiat crashes in a few years. it even more or less fits timing-wise within BTCs cycle, meaning fiat is most likely to crash down completely when BTC would moon if those meme charts were true.
Jack Thomas
damn, you know your shit. I appreciate the research you've put into this, and thank you for sharing it. I hope others seriously consider your warning
>NO relevant real-world use cases >zero non-criminal use cases this isn't true at all though
Levi Evans
Well I hope so, I am leveraged short since 8k and I am gonna ride this one into the fucking ground.
Nathan Hall
>this time its different you sound almost identical to the normies buying at 20k
James Lopez
Blockchain's very bright future isn't predicated on its adoption for any particular purpose, including that of exchange of value. What people like our poster here fail to understand is that this technology is a key enabler of a powerful social movement. This stuff cannot die, because a significant fraction of the people involved aren't simply in it for the money.
Not going away. Will change the world. But yes, it will be very bumpy along the way,
Julian Jackson
>a return to double digit BTC Lol, I would buy every single Bitcoin then, as would everybody else. That’s why it will never go that low.
The cat came out of the bag. Crypto will be around forever.
Gavin Walker
Blockchain isn't BTC
Isaiah Walker
Dsc8YHBsVHLhDmZaunAuDamde8nBARGw4JZ
Xavier Flores
I have jordans that I brought with Bitcoin. I would buy up a ton of supply at double digits.
Camden Gomez
Dsos9Egt5nM56yUHPH7wpy1NSU2yT4WHBXo
Aiden Mitchell
Blockchain does NOT have a bright future, it has no future. It is USELESS.
Yes it is, name one.
Logan Thomas
>and has NO relevant real-world use cases
False, its superior for social media and it has new ways to make money within gaming. So go fucking kill yourself.
Justin Thomas
>BTC, and crypto in general, has not seen ANY appreciable adoption blockchain.com/charts/n-transactions?timespan=all&daysAverageString=7 The number of daily BTC transactions is currently 3.8 times greater than it was exactly 5 years ago. I agree that BTC is still overvalued, but you're incorrect to say that there hasn't been "ANY" increase in adoption.
Ian Murphy
>Blockchain does NOT have a bright future, it has no future. It is USELESS. Blatantly false. BTC is useless because ((they)) made it useless. The 1MB blocksize was never intended to be permanent and Core have continuously sabotaged any attempt at increasing this. Had it scaled as it was intended, it would have gained adoption and been useful. Sadly though, the past year has been a war between BTC and BCH, the latter being and doing what Bitcoin was intended. As an aside, Blockchain can scale because the only thing that is actually needed to run a validating node is the UTXO set.
Luke Howard
newfag, how many times you doomsayers said btc is finished it's going to zero in the past decade? i can't even fucking count that far.
Kayden Nguyen
What it did was fund massive R&D and pulled thousands of developers in to the technology. An intentional grassroots project development on a global scale. The seeds were planted and the fruit is coming soon. It's much easier to gain adoption when it's affordable.
Adam Powell
>i can't even fucking count that far If we're only counting published articles, then its only a few hundred. Source: 99bitcoins.com/bitcoinobituaries/
>correct for 9 years >"incorrect" for 1 year >it's the bulls who are wrong
Brayden Murphy
i meant posts
Adrian Reed
you are not an engineer. you don't have the slightest idea what you are talking about. the blockchain is a database structure that is very inefficient, but what valuable properties it does have is dependent on decentralization, which requires small blocks. get bent, niggerfaggot.
Austin Hill
>Junkie does drugs for 9 years >OD's on the 10th year >Junkie was still right
Connor Miller
does anyone else have a massive chub from watching this shit crash and seeing idiots get justed
David Powell
Fiat has value because governments demand it be used to pay taxes. As long as governments charge taxes, fiat will not crash.
Crypto's value is almost purely based on speculation. It has nothing to give it value beyond a few people choosing to use it for illegal transactions.
Cameron Jenkins
>This stuff cannot die, because a significant fraction of the people involved aren't simply in it for the money
They would've formed non-profit companies and the price would've remained relatively stable if that's the case.
Oliver Lopez
Thanks for the buy signal.
Samuel Wood
>Crypto's value is almost purely based on speculation. yep, it's like gold we're always finding more, but not much more, and what we do find is expensive to extract
Parker Barnes
No matter what you say they don’t care. Permabulls have to keep the illusion alive or they realize that all crypto amounted to was a legal pyramid scheme. They don’t care how much it falls, because they don’t have other investments. FUCK CRYPTO SHIT, GET THE FUCK OFF Jow Forums!
Except someone can’t hack into your safe and steal millions of gold in a second. Can your gold be stolen? Yes, but insurance exists for that type of stuff. Additionally, gold has a physical presence, in the event of a major catastrophe what will be worth more to normalfags, gold, or crypto? Not to say gold doesn’t have major downsides, it’s just that comparing it to lines of code is laughable.
Ian Turner
By all means, keeping "buying the dip." See where that gets you. There are a ton of reasons as to why this time unironically is different (crash happening in the context of a broader economic meltdown, historical support lines violated, 10 years with no adoption, altcoin saturation point reached, easy shorting and cash-settled derivative trading, etc.). You're fucking dumb, bro.
Luke Thompson
I fucking hope so Shorting from 5000 to double digits is better gains than bullrun ath
Kevin Bailey
You all just need to know when to take your goddamn profits! I have been through two of these waves. I got two cars when I cashed out 50% of my stack last December. The price right now is no where near the ATH of the last bull run. More downward price is good. It will shake out all you weak fags.
Joseph Thomas
>yep, it's like gold Not really. Gold has significant uses in jewellery and electronics. Indeed a lot more would be used if the price hadn't been pushed so high by the speculators.
Parker Price
This "below cost of mining" is totally ridiculous. Costs are different in different places and countries like China subsidize up to half of their electricity costs.
If miners are not profitable, difficulty readjusts. Do you know how this works?
can you send gold from London to Shanghai in less than 3 seconds?
Logan Cruz
>When's the last time you bought something with gold?
I sold three ounces of gold when it was about $1500 per ounce to get my kitchen redone The same three ounces I paid less than $500 per ounce back in 2003
lol at no real world use. I bought OkCupid membership with BTC somewhere around 2013-2014 I think. I bought with BTC b/c it was embarrassing. There are use cases, yes even ones that are not illegal.
Joseph Cox
>15 years to make $1500 profit >smug about it Holy shit. Is..is this bait?
James Hill
That's one ugly sink
Joseph Perry
The real redpill is realising that trying to "make it" is a meme and not worth the risk.
True comfy investing is making decisions based on long term returns and investing what you can afford to invest.
Invest in many many safe long term investments and cash out for moderate-large life costs that come up. Its just normie life but with a bit of extra finance sitting on the side to help you out should you need it.
Buying thousands of dollars of internet code and then autistically spending hours a day obsessing over it could hypothetically make you hundreds of thousands but you're chances are so low you are better off using that time working on your real life and getting a better paying job etc.
Connor Jenkins
1) It was actually a 3k profit 2) 3k profit on a 1.5k initial investment over 15 years works out to 7.6% per year, which is respectable by normie standards.
I suspect user is genuinely pleased.
Jeremiah Thomas
tacky dated better homes and gardens 00s shit
Jordan Scott
You can't buy good taste user.
Ryder Lewis
wow, I never imagined normies could be THAT boring.
Matthew Hill
No, but you can’t with BTC either. Anytime BTC has been under lots of trading (something that would be considered low if it had mass adoption) trades have taken hours.
Ian Robinson
im assuming you're one of the "rather burn out than fade away" types?
if you wanna blow all your cash on drugs and hypothetical big gains and then put a bullet in your head at 40 then be my guest, that type of life is justifiable if you want it.
Carter Howard
In theory, the lightning network should help with this in the future. However, I think the best solution is to use a currency that isn't an outdated piece of shit.
Michael Hughes
fuck burning out or fading away. I just can't imagine living life at the snail pace you seem happy with. GL with that though, seriously.
Bitcoin never was intended to be treated like a stock or investment, the growth rate was relatively stable before (((investors))) smelled blood and artificially drove the price up for a colossal pump and dump. It was invented as a currency meant to free you from systems like the federal reserve. It won't die as long as the internet and people who want to use "free" currency exist as these people had been the original target group in the first place.
Parker White
>True comfy investing is making decisions based on long term returns and investing what you can afford to invest.
Long term is as much of a con. It has no bearing on whether or not you'll have enough to enjoy your life. >work hard, get well paying job >be responsible, invest safely >oh whoops the housing market has gone off the rails and now a semi detached house averages $1M >no where else in the country has (affordable living + access to jobs in industry you work in)
Its all a gamble and a joke. Long term "safe" investments won't grow enough to even maintain a mediocre quality of live in the modern globalist rat race. I don't blame any one for the 'get rich or die trying' mentality
Jordan Barnes
If you actually think that this isn't a minor correction and chainlink isn't going ro moon by the end of the year to $2.50, then I'd have to say you have a very limited grasp of the fundamentals.
Triple in 15 years is actually a very very good return (in the real world).
Alexander Jones
If fiat crashes, people will go to gold and silver, not fake meme money
Jason Nelson
If fiat crashes, you'll be paying for things in salt and bullets, not some fucking meme money that requires internet and electricity and mining rigs.
Connor Reyes
or he could have just went and got a shit paying job for a month and had the same amount with 14 years and 11 months spare. christ you people are absolutely mediocre.
Xavier Edwards
>correct correct in the same sense that a Ponzi scheme is "correct" for a few years before it collapses under it's own weight.
Brayden Edwards
>when fiat crashes in a few years And people here think nocoiners are delusional.
People do that too, but that income is usually for life necessities (food, clothes, housing) and sometimes minor luxuries. Quality investments are always nice when you are in a pinch or let you buy yourself some nice big ticket item down the road.
Pretty comfy kitchen overall user, but I'm not a big fan of the sink either.
Jacob Collins
Can you send gold from London to Shanghai in a couple hours?
Blake Clark
kek, this is the only thing people use btc for other than investment
Robert Russell
who is THAT
Noah Edwards
>still using log scales for btc as if
Kevin Garcia
then why isn't everybody buying now, bouncing the price back?
Lincoln Bell
>OP and most of the thread is clearly in bear euphoria >denial
Are you guys literally autistic or just really bad at judging sentiment? I mean holy shit.
Jacob Turner
You don't know if he had $1,500.00 or $400,000.00 in his little gold bars.
He speculated with his wealth, your speculating with your ideas.
I know who has a house and a kitchen. You, well who knows?
Carson Cook
1oz of silver also buys you 6 months of food in venezuela
Angel Gonzalez
What is the global marketcap of criminal activity?
Colton Walker
somewhere in the trillions?
Nathaniel Baker
Granted, if it was $400,00.00 over 15 years it would be a different story. Sort of moving the bar there though. He also very well could have just grabbed a stock kitchen photo for all I know or care. It doesn't really go very far in proving anything one way or another. And the less you know about me the happier I am anyway.
