$19,900 - $3,600 -82% in 344 days. Was this enough or do we need to go down further. Don’t see a reason for it to go up

The $6k level held for about 9 months, so the $3k level should hold for about twice as long. I strongly suppose we will see a new bull market by then.

Memes are powerful

there was no reason to go down from 20k

People pay netflix $15 every month to change the colors on their TV

They are literally not worth anything. Their value is supposed to be tied to scarcity, because there is a finite amount of them like gold. But they are not scarce as there is actually a potentially limitless supply of them (cryptocoins in general, not just shitcoin) and gold would be worthless too if any idiot could make up their own metal with better properties on a whim.

The only way one of these coins could hold value is if you were forced to use it to pay for something you needed (like the American dollar and oil for example).

>$19,900 - $3,600 -82% in 344 days

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

while at 19k everyone was singing "50k EOW, 100k EOY !!!"

Their use value is in hteir use.
If you and me have bitcoin, and accept to use it to mediate between goods and services that we trade to each other, there's its own value. Like, I have bread, you have fruit, instead of bartering we agree how much BTC 1 kg of bread and fruit costs and we go from there.
It's almost exactly like fiat. The value of money in general is in its backing: as long as there's enough people agreeing on its value relative to various goods and services,you can accumulate fiat, or spend it or work for it, and you know you'll be able to buy something with it.
Where BTC differs from fiat is in its suppsoed decentralization: the theory is that there's a finite amount of it, while fiat can literally be printed out / generated on a whim by the institutions backing it (of course corresponding to a deflating in value of all fiat in circulation) So you don't have to fear about the BTC you are ccumulating bleeding value.
This in turn led to its speculative use as a store of value, which in turn led to it being useless at its only usecase, non-institution backed trading, because BTC trading fees reached absurd values when compared to fiat, and at the end of the day, early adopters and pioneers my ass, anyone who didn't buy BTC on tor for drugs or CP or other shady stuff only cared about its value in good old fiat, because fuck it, you still can't buy bread and fruit with it.

Please god make it stop ahhhhhhhhhhhhhhhhhh

now the same faggots sing the song of 3k eoy 2k eoy.

Holy fuck I never realised this, but it's true.

What the actual FUCK is wrong with humans, is this planet actually just place of perpetual suffering?

Sauce

And the internet is just a strong of electron excitements in a wire.. so what. The medium of transfer of information doesn't matter, its about the value it creates. And fortnite will die soon as another hyped game, and the next generation of zoomers will jump on to the next shitty trend while a part of the current generation of zoomers will keep on playing fortnite, feel nostalgic about it and talk about the "shitty new games".
Neverending cycle of consumism which is literally killing the earth.

yep. understanding this is crucial. when shorts are closed we will accumulate longs then go up

vyvan.le

which alts?