BTC vs buble burst

whith the inminent fracking buble burst that is going to generate a new economic crisis similar 2008. is it a good time to turn into cryptocurrency develop? may it generate an alternative economy in that kind of scenario?

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No
Cryptocurrencies are a meme
No one needs them

What does fracking have to do with BTC?

>doesn't understand finance
Dumbass it's called a basing period or an accumulation period, after a long stable price, it'll eventually shoot up

If you ignore the speculative peak of the btc price last year you will still see a constant growing tendency.

>a currency almost no one uses
>PANIC IN THE STREETS!!!!

Cryptos are nothing but speculative peaks. They're only really useful on the black market (real currency is better for everything else) but black market is a really small percentage of all finance

What about those shitty countries with a volatile national coin, or with a lot of economic restrictions?

Bitcoin is going to be the world currency. Anyone eschewing Bitcoin will regret it in a few years.

False.
The financial system is currently shutting people out for political reasons.
Crypto is the only way some people are able to conduct business.

You think some Venezuelan store clerk is gonna use Bitcoin for purchases? Fuck no, they use dollars. And countries with capital controls may not be able to limit Bitcoins but they can limit the ability of their citizens to exchange their national currency into BTC and back (shut down marketplaces, put down capital controls)

its funny that you think that.

But I'm right tho

Not at all, Bitcoin volume in Venezuela is growing, and has never been higher. Every time an economy begins to collapse people rush to Bitcoin. Dollars are physical and subject to confiscation. Good luck confiscating a Bitcoin wallet, if you can even find proof to connect someone to a wallet.

>Venezuelan
they take runescape money

Dollars are still much more widely used than BTC by far. It's easy to grow fast when you're starting from zero (growth rate is a meme metric). Meanwhile, using BTC requires computers/smartphones, electricity and an internet connection, something that's not always 100% guaranteed. Also, BTC can be stolen or confiscated too, it just might take a little persuading (in Venezuela, life is cheap)

>they take runescape money
Well t bh it's worth more than their "real" money

Reminder.

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lesser hashrate growth than any other shitcoin
lower value too lmao, the true coinlet's shitcoin

even doge is more popular

reminder

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>what is batching?

>lesser hashrate growth than any other shitcoin
Can you elaborate?
>lower value too lmao
I'm almost certain that BTC has the highest valuation of all coins.
>even doge is more popular
By what metric?

That's a clear upward trend.

>Cryptofag talking about a bubble burst
The irony.

Everyone on Jow Forums heard of Bitcoin in '10, '11, '12, and didn't buy or mine, or sold way too early and now they will spend their time shitting on it to justify their past actions.

bump