Explain to me why you think BTC deserves to be worth more than $100 and why it wont continue down to $20/coin

because some degenerates are still willing to pay, and because there is a huge selling pressure - everyone want to exit

why there are some idiots which are willing to buy and who they are - these are the questions

I suspect that those willing to buy are "institutional traders" who gamble with other people's money, there is no other reasonable explanation

there cannot be THAT MANY of absolute degenerates on Earth

one word answer: hopium

which is why all late adopters like him desperately pray it will, but of course it's never going to.

they had their chance, the growth phase of crypto is long behind us.

i guess they never miss huh :3

Idk how you guys can say we’re late adopters. Yes we’re late adopters to the speculative and investment part of crypto but assuming crypto succeeds and lots of applications utilizing blockchain start popping up then we’re still early.

because those applications wont be making anybody rich when btc has already experienced its high growth period. the age of every alt having its own blockchain, or its own token, is already dwindling.

ETH has made plenty of people rich and will no doubt continue to do so

Do you not understand economics, fuckwad?

>can't answer the question

4channel should unironically take responsibility for facilitating the normielization of degeneracy in this history cycle.

Btc works at 20/coin or 20k/coin
You retards only care about price not the real purpose of this
Btc is the escape from the fucking central bank global chokehold on scam, FAKE fiat currencies backed by absolutely nothing, except a fraudulent FDIC claim
Btc is a POW energy backed currency. Dollars are worthless pieces of paper and arbitrary digits in a database.
Fuck you OP
Fuck banks
Fuck niggers
Fuck jannies

m.youtube.com/watch?v=LgI0liAee4s&t=0s

It is not eth per se, you fucking retard, it is the whole crypto meme.

Vitalik is a degenerate who rode the meme for a while.

Not it is all over.

everything's pointing towards chainlink

you can't be this delusional. it is subhuman

how long it takes to confirm a transaction? how big is a copy of the block chain?
how profitable is the mining at the current "value"?

kys

oh lol. chainlink is already a hopeless failure.

nothing but endless bullshitting talks

Christ almighty is that the teacher?

>BTC deserves
People think the "fair" value of BTC and other cryptos, are comparable to real life value of things. "why should a single BTC be worth more than an iPhone?", a "fair" price for a BTC is xx..
But the numerical value of cryptos doesn't matter, it's something that is completely isolated from reality or the usage of the cryptos.

Which causes this strange situation, where conservative/reasonable value estimations are more wrong than outrages estimations - because the premise behind the conservative estimations is wrong.
So who is more wrong, the guy that says Link 1K eoy, or the sensible guy that says Link will climb to 2-3$ and then plateau there.

Enlighten us what the purpose of BTC is then?

/thread

Attached: DyVDAYGUYAAL8pz.jpg (423x435, 53K)

Based and bitcoinpilled
Very low energy

Kennedy predicted this! Come back Uncle Addie!

People think the jews who took it over, will make them wealthy. But its complete opposite, they want to see btc die.

Btc will never die, it is the undead currency

>lmao zoomers are just a product of the degeneracy ushered in by the 30 year old boomers
this makes no sense. it is the retarded policies of actual boomers that are trying to stay relevant. 30+ yo Boomers are just throwing darts at the wall for attention, and grandpa gov is being reactive and doesn't care that it is probably a bad idea to allow your children around degenerate trannies.

There is no such thing as purpose of BTC. It is NOW merely a meme.

It is also turned into an extreme volatile digital "asset" which is used for a speculative trading.

Just this.

> currency

retard

checked

it is a meme token to be "traded" by idiots, while exchanges earn real wealth

Deep down, we always wanted to destroy civilization. It's in our anti social nature. Personally, I think we're doing a great job and look forward to next quarter's KPI's. How is the whignat Jow Forums scarecrow looking these days? Has Jow Forums delivered another school shooter?

You're too new to understand.

Im a 2018 early adopter.

Att shorted 15k

Attached: TheBigShort_FeaturetteMeetMichaelBurry.jpg (1920x1080, 142K)

because dollars are extremely plentiful

checked
reminder that this is what the CEO of Bitmex thinks

Attached: Arthur-bunchofchildren.png (632x656, 65K)

lol when is this nigger getting taken out

Imagine being a late-2017 newcomer mad that bitcoin stole all his money and actually thinking it's going to 0.

You know nothing about this space so just shut the fuck up you ignorant faggot.

>deserves
go study logarithmic scale, manlet

>assuming crypto succeeds and lots of applications utilizing blockchain start popping up then we’re still early
Holy shit you are still falling for the "in it for the tech" meme? HAHAHAHA
Almost nobody can actually benefit from a power intensive spreadsheet. BTC is blockchain's killer app and adoption has reversed. Accept that you are either here to try to scam the bigger fools or you are the bigger fool.

>He doesn't know bitcoin will be the banksters new play thing
>He doesn't know bitcoin futures have fucked bitcoin in the ass since 2017
You poor thing. I know it's hard to accept that bitcoin is now shit. bit the sooner you accept it, the sooner you can move on.