Is it still worth investing in Bitcoin?

Do you really need to ask?
I got so close to investing in this when I got my tax return. Glad I blew it on a trip instead.

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This. It has no true value store despite taking up gargantuan real world resources to use. It's high volatility is testament to this, it's value is entirely speculation driven and feeds on the modern trend of FOMO. There is widespread market manipulation of both bitcoin and altcoins exploiting the masses of easily spooked speculators so shady groups can short the market. It completely and utterly failed it's original goal of being a government toppling decentralised every day currency and will completely and utterly fail it's new goal of being a reserve currency - because no matter what people say or think - a bitcoin stores nothing of what was required to create it and has no definable value beyond the datastring that composes it.

Hold monero.

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>investing in money

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Ctypto isn't money because you can't buy much of anything with it directly.
At best, its an artificial commodity, in reality its a facilitator of speculation without creating anything of value.

only reason to use bitcoin is if you buy drugs or do tax evading shit

>investing in something that isn't money because you can't buy much of anything with it directly.
>At best, its an artificial commodity, in reality its a facilitator of speculation without creating anything of value.
my brain is tiny

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At the present, Crypto has little to no inherent utility, its value is driven entirely by speculation.
It's not a stock which pays dividends, or property which can be leased and appreciates with land value. Its a slot machine where you hope you can offload it onto another fool before it tanks.

When the economy collapses this year there is going to be a huge run on BTC, buy now while it's cheap, we'll be way bast the current ATH by year's end.

You're finally starting to get it
It's not a stock, it's a medium of exchange
The only reason it tanked or rose to incredible amounts is because crypto-boomers were trading it back and forth like it's a stock, which it isn't and was never intended to be-- even if the holders and owners of bitcoin think that it is now.

>is it still worth investing in Bitcoin?
Absolutely. But it is, as with all volatile markets, a question of WHEN. Was it worth investing at $18000? Given that price is $3830 right now I'd say it's apparent that the answer to this is NO.

Since this is Jow Forums I'll actually give you some financial advice on Bitcoin investing: The next block halving is May 2020. bitcoinblockhalf.com/

The next major areas of support on the weekly chart is $2700 and after that it's $1200. There is a rather huge difference between $3820 and $1200. The next block reward halving is one and a half years away.

If you really want to invest in Bitcoin then you could easily send the money you'd like to invest to exchanges and wait until price is right and that would be either $2700 which may not hold or $1200. Don't expect any major rally until a few months before the next block halving early 2020.

>It's not a stock, it's a medium of exchange
It's a currency and it's different than most in the sense that it's global. BTC's value is purely based on supply and demand. Total supply will be 21 million though it's not on exchanges, looking at major exchange wallets it's barely half a million BTC kicking around. Anyway, the next block halving (reduced supply) is far away. There's no rush to get in.

thanks for the (you)
but currency is synonymous with medium of exchange, it's something you use to trade with, you dumbass

I know what it's supposed to be in theory, but that bares no resemblance to how it is used in reality.

It's slow and is mostly only useful for buying other shitcoins and paying ransoms. It's not even cheaper to use than fiat once you start adding in the costs of buying/selling.

What am I missing?

Yeah, great, what about the market cap and it being increasingly more difficult to break even forget making a profit at this point? Not to mention recent harsh value drops. Face it, it's done. At least in this current implementation.

It's not a currency. A currency is used to buy goods with, crypto is not.

crypto will never reach peak again, it's too inflated now. plus government and banks are cracking down on it

Whats stopping you from buying things with crypto?

low iq is what's stopping him.
it's amazing how salty most nocoiners are.

Things I need being sold in crypto, or really much of anything using crypto beyond donations, drugs, and ransomware payments.

>government and banks are cracking down on it
i don't think you know how crypto works
you'll be especially fucked when people figure out there's no more need to convert crypto to fiat.

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>when people figure out there's no more need to convert crypto to fiat.
no need because it's worthless perhaps

conveniently pretend that newegg and countless other stores don't accept crypto, that really is a good argument, you retarded nocoiner

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of course it's worthless to you when your iq is this low.

>All you need is Chinese electronics.
Can I buy food and gas at newegg? How about paying my insurance or taxes?

I am bitcoin and other crypto holder and believer.

My main concern for bitcoin is that some kind of quantum computer or other technological improvement with break the cryptography and kill/replace all currencies that exist today.

So, what about these flaws, huh mr. millionaire?
Pretend they don't exist, right?
>muh IQ
Yeah, everyone who got something out of the stock market invested in dying projects.

>I am bitcoin and other crypto holder and believer.
Keep holding and believing quantum computing will become a thing in your lifetime, as well as mere mortals having access to it.

Ever hear of a forex trade?

Also the only coin worth buying is Chainlink.

>retarded nocoiner
How retarded do you have to be to still be holding at this point. Even most of Jow Forums isn’t this dumb.

keep moving the goalpost, brainlet. also, yes, you can.

if you're so sure, why are you not shorting?

So you can’t reasonably buy these things then. Sorry you got so butthurt about it, didn’t mean to hurt your feelies kid.

>yes, you can
sorry reading is too hard for you
>sanduskyregister.com/story/201811270028
as for gas stations, there are only a few that take crypto directly, but there are visa cards you can get that allow you to spend crypto directly on anything you want. including gas

yes, it has time on its side, unlike any other asset in the world.

So I have to live in Ohio, in an area with business that accept it (there are none in my area).

Credit cards seem realistic, although the first one I found wasn’t cheap. Are there any crypto cards which are free to use or have a annual fee comparable to a typical rewards card?

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No, and if it were it'd be safer to invest in LINK since LINK only requires some crypto to become useful to be profitable, not BTC in particular
Also

it's ok to be a nocoiner, but you don't have to be salty about it
crypto holders do have other jobs and don't live on crypto exclusively. ohio being an early adopter is just a good sign of what's to come.
this is like saying email is bullshit in the first 10 years it was being used.

>rewards card
they're not like a rewards card at all. they are like a debit card for your crypto.

i use a bitpay card
>There are no transaction fees for using the card to pay in the US. When traveling outside of the United States of America you will pay a fee of 3% to cover the cost of currency conversion.
but
>There is a $2.00 fee for ATM or cash-back withdrawals inside the US and a $3.00 fee for any ATM or cash-back withdrawals outside of the country.
but that's pretty standard

also i think there was an initial $10 or so fee to mail my card at first.

If Amazon or my local grocer started accepting crypto, I'd probably still use USD because it doesn't change 5% in value on a daily basis

how is this an argument?

Gee why wouldn't someone want to use a currency that's always changing in value, it's not like that defeats the point or anything

It's a purely speculative market and it's bubble has bursted. Take a wild guess.

It was never an investment, it was and always will be a gamble.

None of my debit cards or free credit cards have any fees associated with debit and network atm withdrawals. I pay for everything with card and rarely carry more than $10 in cash. I would spend hundreds every month more to switch over to this card for no benefit unless I was already invested in bitcoin (which I haven't been for years).

Replace "Bitcoin" with fiat and "litecoin" with stocks and your post makes just as much sense.
Turns out money is complicated and resource intensive.

It never was worth investing in something whose value is zero.

>training the Google Botnet

No, you're a retard and a shill. With real money you can always start a war and steal oil from some sandnigger country. Real money is backed by violence.

it dropped to 100 from 1000 after a rally before.

what part of no fees for card payments do you not understand? they charge the initial card fee and withdrawal fees

tell that to venezuela.

>"investing"
you mean speculating? you are going to get rekt anyway kiddo, better spend your $350 somewhere else

You can easily steal crypto. The enemy can be forced to give you their keys, or burn their coins. You just use rubber hose cryptanalysis until someone spills

then do it, faggot
show us the results

You want me to find someone who has crypto and torture them until they give me their wallet password? Are you fucking nuts?

I'm not buying your bags.

>You can easily steal crypto
oh ok then shut the fuck up?

Yeah, with force, which I'm not going to use because I'm not a king nigger. Your argument was that nations can't plunder crypto with force, which is patently retarded.
You're retarded.

lol

People said no and then it hit 20k. Then people said no when it tank. Shit is a fucking gamble and it's shady as fuck. I'm confident that some rich ass asians are pumping cryptocurrencies when they want to cash out a lot at one time. Just gotta be lucky to have enough during those times when the asians are pumping and dumping.

Because Venezuela has the most powerful army of the world right? I hope the Venezuelans don't decide to invade us tomorrow!
>You can easily steal crypto.
Why are you replying with this? Do you think that I was talking about stealing money from other countries? You better be trolling, because if this is your understanding of why money can be exchanged for goods and services, you need to grab a fucking book on economics; no wonder somebody with that level of understanding would support crypto.

>Do you think that I was talking about stealing money from other countries?
Read your own post. If you can't figure out why that interpretation is the only thing that makes sense then you're more retarded than I gave you credit for. The unit of currency a nation uses has no relation to how capable they are at fighting a war. Their manpower, technology, will to fight, and military industrial capacity are all that matters. You can get this done with no monetary system, but of course having one makes things more efficient on the grand scale.

USD is just as fake as BTC. Literally all money is fake/fiat to a degree, even gold. It's all just bartering grease, useful for making economic systems more liquid.

This nonsense confirms that you're clueless. You are deep in several nested levels of misunderstanding what this is about.
>USD is just as fake as BTC.
AHAHAHAHAHAH No, you really don't get it. Go grab a book.

Yeah okay buddy.
>Go grab a book written by kikes
>No really goy, trust the dollar! It's different!
You're deep several nested levels of delusion. All fiat is fundamentally the same. The only real value is in having something someone else wants. Fiat is only valuable if someone wants it.

So many clueless nocoiners in this thread. Unfortunately crypto is not something you will be able to comprehend until it is too late and you see the truth in hindsight.

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>I have 20 dolla- wait
>I have 15 dol- wait
>I have 5 dollars.

In a matter of minutes

>not something you will be able to comprehend until it is too late and you see the truth in hindsight.
100% LINK and NOT FUCKING SELLING
That's all I need to know, thanks

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Then why are you here to peddle your butts instead of silently accumulating?
Right, because it's a pyramid scheme and you're one of the greater fools.

You think you have it figured out when litteraly the whole world refuses it.

Reminder Coining/Mining is a hobby with very little profits. Yes, you can trade them with other retarded bitcoin traders but when someone hacks your wallet and takes your shit, who will you call? Nobody. You will just be broke. That's just one of the main reasons it will never go mainstream.

Coins arnt money either. Money has physical securities behind it (Warships, nuclear weapons, gold, oil, precious resources). Bitcoin is just numbers on a screen.

The truth is that it's not viable and downright impossible to break even at this point, forget making a profit from mining. And with all recent and significant drops in the past even more so. Even the original purpose of it hasn't been perfected and that it so protect the identity of people participating in a transaction online. Sorry but not sorry, I'm not investing in the equivalent of WoW gold.

>people who made money were unwashed nerds who mined in 2009

fixed

Bitcoin was created by the jew. They know it won't damage the USD. It will fund the war in the middle east though.

Only if you have hands of steel for ~5 years

He bought?

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You need to understand WHY Bitcoin reached the heights it did in the past, though.
When it got to $1000 it was shortly after the Cyprus economic meltdown. People in Cyprus were buying Bitcoin because their economy was crashing. Banks were shutting their doors and the government was thinking of using peoples' savings as a loan.
They were buying Bitcoin because they felt their savings were under threat and Bitcoin would allow them to hold the value of their fiat savings should the value of the currency plummet.
Demand, of course, drove the price up and it rose for a while afterward, too, on shear hype of it gaining so much value, but eventually that bubble burst.
At the end of 2017, Bitcoin and crypto really became public entities and there was a lot of hype about businesses dealing with crypto currencies and their use in more everyday tasks which helped fuel the 20k peak.
The reality was that crypto currencies still WEREN'T taking off. People were buying the coins and mining them, but they weren't USING them. Followed by legislation troubles and general hype wearing off the price has corrected itself.

Look for what is going to drive the price up again, THEN buy. Inventing now would just be stupidly optimistic.

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there was a time when you could have made out with a profitable sum but at the same time too people were sketchy about it and were not sure. some did and some didn't. those that did sold made a nice sum...so that time has passed but it was basically gambling. I tried to get people in but they were not on board with it so fuck em

>buying funnymoney speculation dollas controlled by chinks
Just buy your drugs from fucking Jamal

Yes

>"""""investing""""" in crypto
at least it's more stable than lottery tickets

Daily reminder that "nocoiner" is an insult used by literal fucking pajeets. Do not respond to pajeet posts.