Why is bitcoin not unironically at $0 right now

i really like that watch

thx it's an SNE435

Help, do I store my buttcoins on a normal or a segwit address?

Attached: 1515783093875.png (653x566, 23K)

Bitcoin is "digital gold". It's hard to mine and there will be only 21 million of them. It's also the first of its kind so people associate bitcoin with cryptocurrency which makes it popular. Since it's popular, more people decide to buy it which increases the price.
Really, owning a bitcoin is no different than you owning that gold coin.

None. It sucks at the only things its supposed to do. Slow transactions, high fees, not anonymous.

Eth will overtake as soon as people realize its faster, lower fees, and has a use besides "muh store of value" (running decentralized apps on ethereum network).

Eth will flip btc much sooner than most here think. Btc will also crash HARD when this happens.

You don't have to buy full bitcoins, you can buy decimals of bitcoin pretty easily(Depending how much money you have on hand) and it'll still grow in size, even better than if your fiat money(dollars, euros,pounds.etc) were just sitting in a bank account losing purchasing power to inflation

Meant to say the other way around, they associate cryptocurrency with bitcoin

how much btc for that?

Attached: afbabd26b1ae654ffa32cebc19ca374f.jpg (652x960, 207K)

Please respond, I have brain problems.

>not unironically

Attached: 1460110081560.png (900x900, 21K)

>Really, owning a bitcoin is no different than you owning that gold coin.

He actually believes in the meme of value

Attached: 1507431794565.jpg (225x224, 9K)

but why has this not happened yet, how is bitcoin holding on to some retarded number of billions in market cap given that it sucks and is not really useful?

it takes time before the greater mass of people understand that BTC has lost its actual usage and that people actually using crypto has moved over to BCH.

until realization hits the price won't go down too much

>Really, owning a bitcoin is no different than you owning that gold coin.
Except my gold coin could be used for producing valuable electronics or fine jewelry and has a 5000+ year unbroken history as valuable useful commodity through every major civilization in human history

eth has serious scaling issues, they couldnt even support cryptokitties.

im not hating, the eth network came to a grinding halt due to cryptokitties in december. dunno if they have solved this since then

Soyko solar windy knobber fuck offffff!!!!!!!!!!

kek

i have to bother Jow Forums sometimes too

>>Really, owning a bitcoin is no different than you owning that gold coin.
>Except my gold coin could be used for producing valuable electronics or fine jewelry and has a 5000+ year unbroken history as valuable useful commodity through every major civilization in human history
DELET THS NOW

AFAIK, cryptokitties is running right now. To be honest, that FUD seems overblown; it didn't even slow ETH down to BTC's normal speeds/fees, and when compared to NEO, which actually froze during an ICO, kitties looks like a well-oiled machine.

it's not that cryptokitties was disabled or got forced to shut down, its that when enough people were using it transactions started to fail because ETH couldn't handle the load.

if there aren't problems now it's either because cryptokitties aren't used as much (hype died down) or ETH has been updated to handle large loads better on their network. i dont know if ETH has been updated lately so right now i think the scaling issues are still there.

lol. Ver, Ayre and Wright just pumping it and getting their minions to inflate it before their exit plan.

I bet ur a thicc boi
post boipucci

Once the mass exodus starts it might be to late to get out, better get out while getting is still good and a chance of selling your digital beanie babies

>what is it used for?
Representing, transferring, and storing value.

Lmao using gold for electronics. It would be negligibly better than copper.

>valuable because 5000 years of unbroken history of use as a commodity.

A few years back people would have said that exact same thing about paper books. But now look at paper based printing lmao.

Lastly, the fact that you need high tech equiptmwnt to tell if jewlerry is real gold already means that there are aesthetically identical substitutes.

Hence the current price of gold is high for no other reason than faith in others demand for it. Hence the same raining in price could be applied to bitcoin.

>A few years back people would have said that exact same thing about paper books.
No, I don't think people would have said a few years ago that paper books have an unbroken 5000 year history as a valuable resource element that is used in industry and fine jewelry

>gold will have no use or value in a few years
yeah elements are so analog

Look at the fucking chart. If anyone was to exit and walk away from BCH it wouldn't be now (at one of it's lowest points) you disabled turnip. We've seen pumps up to 6k USD when low liquidity hit during the insider trading coinbase add.

is it even possible for bitcoin to go to $100,000 now?

Because the bulk of the market are speculating chink/pajeet con men with a minority of die hard cultists HODLing on the baseless hope that it will become widely adopted

Which it wont. Its not suitable for use as a global currency. You can still make money in this wild west but since its a new frontier the long term risks are sky high.

Only a handful of crypto will make it. No one knows which. Thats the pull for me. Gambling on this shit is the biggest rush in years.

Attached: bitrock.png (235x215, 6K)

>Because the bulk of the market are speculating chink/pajeet con men with a minority of die hard cultists HODLing on the baseless hope that it will become widely adopted
how did all these retards get a hundred billion dollars

Attached: ALPHA-209-T100-sun-wrist-shot-1300.jpg (1300x867, 482K)

It's speculation. It original purpose has since been eclipsed by better tech but it is like the Ford of crypto, just waiting for Toyota to surpass it.

Well, gold has value in many ways other than ornamental.

>what is it used for?

store of value much like gold. cheaper to store, easier to move. requires huge amounts of energy to mine, cant be printed.

used for transactions online, especially whenever people dont want to input their credit card numbers and such. acts much like paypal but enchanched version of it

Attached: bd3990f08b1e0a2d7fcb719b76c9688e.jpg (1280x1889, 268K)

i'm getting paid by bitcoin from some freelance jobs

serious question. can you give an example of better tech ?

Just looking into what to buy after the crypto bubble burst.

>store of value much like gold. cheaper to store,
Store your value in bitcoin in December, lose 60% of value

>that sure was cheap

that not much different from anything revolving around financials then. about 90% or more of gold's value can be explained by as pure speculation there is not much "Intrinsic" value there either. same thing with majority of stocks

Attached: Aliens+Resurrection+Premiere+cvSY9XX20mGl.jpg (418x594, 47K)

I bought because I hope it will appreciate in value. I think everyone else bought it for the same reason, quite scary desu.

what why is desu filtered into desu??

>cant be printed
-ICOs your path-

but seriously no one believes this garbage will take off right? yall just trying to time the pump/dumps right?

>being this new

It's like a stock that represents blockchain technology. Everything will be run on decentralised ledgers and any tech advancements that are really useful will be adopted by the market leader that has most invested in it, that's bitcoin. There's no need to rush into the point of sales market and try to compete with visa etc prematurely. Altcoins explore different ideas like that but bitcoin is the stable core that has to change slowly so the value feels secure.

what's that coin?