Wow the bull delusion is off the charts. We will probably have a mini rally to late 8k ? 9k but this shit will dump...

We're still overvalued.
Wouldn't be bullish on Crypto long term til we see useful dapps

We literally had the most textbook falling wedge reversal and are in the process of painting a bull flag. BTC will hit 9k in the next week

That's why I said theres a chance we rally to 9k but nobody is going to be buying at that range and once the whales realize this, they'll drop this shit back to sub 7k and bull tards will be trapped again

That is a damn nice crystal ball you've got there. Where can I get myself one?

Just be prepared bull tard.

dapps are a joke the revolution is freedom from central banking

Sure but most peolle actually prefer to keep their wealth in banks than in a blockchain including me. if you think crypto is replacing fiat, I have a bridge to sell you

Dapps are just the surface.
It's all about a new world wide decentralized liberal economy where everybody has a chance to participate on equal terms.
It's not about making buying your groceries more convenient.
The next economic downfall will reveal if crypto will make it. There's no soft path to taking away power from those who have it.

Normal people will never trust a currency backed by nothing. No guarantee that your money will be nice and safe. But.. I'm still bullish on crypto as a speculative investment.

there will never be equality, liberal economy, freedom. delusional cuck. if crypto and decentralization gets implemented it will be for easier global financial, economic control, data gatehring and ai training. power will never return to people

Kek imagine being this deluded.

some will come to us retards who bought memecoins early though :)

usd is backed by nothing
worse than that it's literally designed to loose purchasing power at a rate so most people can never stop working

Attached: enslavement.png (590x352, 13K)

The people will be more responsible for theirselves and have more opportunity. Welfare is buy-buy and becoming homeless is a reality if you're a piece of shit.

I personally see crypto as international currency, aka you can go anywhere in the world and not get raped by exchange rates because all touristy hotspots are going to accept Bitcoin (Cash) payments.

I'm not one of these delusional faggots who think banks are going to disappear, having said that, some shithole countries may start depending on crypto to stabilise their economies.

What is gold backed by? It's shininess?

Supply is limited and becomes more difficult to mine with time. All materials degrade relative to gold making it the value datum
Other properties like fungibility due to its extreme malleability

Chemically inert ie doesnt change with time, making it something you can measure value with over time

>Supply is limited and becomes more difficult to mine with time.
My shit also has limited supply, that does not make it valuable. Gold is a speculative bubble lasting thousands of years. It's industry use would perhaps justify 1/10th of the current price.

no, the amount of shit produced depends on the amount of nutritions you consume, but with several billion humans and other life forms producing better shit it has near infinite supply as long as their is life

But my shit is special.. like gold. Somehow.

All things degrade realtive to gold it is the only sensible way to measure value over time. That is the reason gold develops as money in all civilizations independently.

I would need a list of all nutritions you ate over the course of your life, also full access to medical records and, are you able to produce at least half a ton of shit in a month?

But why is that? Because people speculate on gold being worth more in the future than it is now. Which is fine of course, but that does not make it "intrinsically valuable" (fucking hate this nonsensical term), as some people love to argue.
>are you able to produce at least half a ton of shit in a month
No, that's precisely what makes my shit valuable.

Why don't you guys just buy OMG?

no all things degrade relative to gold because of physics. There is no other material in existence with the properties of gold

Civilizations that possess the knowledge that gold is the only way to measure value have the massive advantage of pricing things correctly which is the same as saying allocating resources correctly.

to illustrate the power of pricing things in gold look at pic related an then look at the sp500 priced in usd

Attached: SP500-1880.png (590x342, 22K)

>no all things degrade relative to gold because of physics
No, brainlet. They don't.
>There is no other material in existence with the properties of gold
Just like there is no other material in existence with the properties of xyz element. The fuck is your point? What I'm saying is clearly not getting through your thick skull.

the tops are described entirely by exponential growth
but only when priced in gold

Attached: s and p gold.png (918x538, 19K)

put every element in existence on a table an wait a billion years gold will have change the least

Not in the case of shit. What is interesting in shit are the elements it is composed of. And in addition, the barrier of entry to produce shit is too low in comparison with gold and crypto

Attached: images(2).jpg (408x632, 31K)

Your right no one is going to buy at 9k. But people will begin to see the light in other alts. Thats what is happening now. Your dinosaur coin is falling out of favor, it would be wise to stop using it to evaluate the market. Protip: Soros owns 0 bitcoin. In fact, he is probably shorting it because he realizes it has absolutely 0 use.

so cute

what are the vertical and horizontal titles?
CAN someone explain this graph to a brainlet please?

vertical axis is gold ounces
bottom is days

seeexponential growth models en.wikipedia.org/wiki/Exponential_growth

fiat currency is useless as a measure of value over time because it is not independent of time

>Bitcoin (Cash) payments
merchant adoption has been glorious to watch

You mean like your belief that it's going to continue dumping?

Get rekt nocoiners.

You are a faggot.
>inb4 I sold at 20k
>inb4 you claim to know the future
>inb4 muh overvalued coins

Not even in crypto. You just come off as a fag.
You don't know what's going to happen. Stop acting as of you do.

Gold is bright and shinny so women like it. It is scarce so women like it. It doesn't tarnish so it is easy to maintain.

>be me
>16 year old
>have a savings account my dad made
>ask dad if i can buy crypto in 2016
>buy it
>get rich
>spend a bit of btc on porn etc. because nothing else you can spend btc on
>late 2017 comes
>my bags are fucking mooning
>cool.jpg
>want to cash out
>get stumped by traditional banking...
>literally so fucking complicated
>discover i need telephone authentication number
>need an HSBC electronic key
>need 2 passwords (one 4 digit numerical and one longer one)
>set it all up
>finally.jpg
>set up account w/ coinbase
>withdraw money
>try to spend money
>forgot one password
>fuck.png
>try to call help desk
>get redirected to some pajeet who i can barely understand
>need telephone authentication number
>forgot telephone authentication number
>fuckmylife.jpg
>reset that
>reset original password (cant use my normal password because password needs to have like 6 digits, 4 uppercase letters, cant be common words, and needs "special characters")
>reset it
>want to "wire" money
>takes like 10 minutes of faffing about to even send
>fuckingchrist.gif

On top of that, I now have to pay taxes, I cant spend money on things without big brother (the bank) watching over every transaction I make unless I use cash - but then I can't send money abroad or I have to GO IN PERSON to buy something (literally wtf.. this is 2018 no one uses cash anymore). I also had to wait like 30 minutes for the money to even transfer accounts... Who the fuck uses traditional banking. only fucking boomers will ever use this piece of shit technology. The ironic thing is `centralised` systems are mean't to be more efficient.

Sending bitcoin:
>create wallet
>get one password
>scan QR address or copy-paste address
>send bitcoin
>done

We are still very much in the bear channel.

Attached: Screenshot_20180414_164237.png (2115x1271, 271K)

artificial lines drawn on a price chart
poor fool

Its up 8 times since last January, how is that in line with normal, rational growth?

More and more smart people understand what it is all about. Do you see the Winkle twins sell all their btc for some random alt coin or FIAT. Do you see old money purring liquidity into classical banking? No

>"What is bismuth"

No, not anymore. People stopped caring about BTC price a long time ago.
BTC will be probably ~ Rank 5 around EOY.

That's why we're all soon gonna love lyrics like this:
youtube.com/watch?v=PUgD1RWw-8w

Crypto craze just only begun...

bitter butthurt from a bagholder
poor fool

>t. 2017 investor
you will understand in 2019 at latest

>Sentiment is amazingly good for crypto rn
>Great time to get back in.

Attached: 1517077855975[1].jpg (1000x1000, 83K)

it's already struggling to hold 8k.

Nobody is buying BTC even at these prices. You need whales to push this and I'm pretty sure they are just trying to trap longs.
What?? I'm just trying to be rational in this market and preserve my capital. I never claimed to know the future but I am expecting a dump so I am preparing for it. If it doesn't come then that's fine, I can wait for a better opportunity. I'm not in a rush to make money, that's why I don't chase all these meaningless dead cat bounce that all you bulls do.

If you forgot your bitcoin private key like you forgot your bank password, you'd never be able to retrieve your funds.