Bitcoin
Out of context: Reply #1632
- Started
- Last post
- 2,674 Responses
- drgs4
Halving or not, I think Bitcoin has lost most of its narratives
I don't think anyone at this point believes that Bitcoin can be some kind of global currency (7 transactions per second for the whole world to share, this has been thrown out of the window long time ago), a store of value (60% drop from Feb to March), protection from inflation or financial crisis (what happened in March; it's like there is a fire and Bitcoin ran in front of all women and children).
Bad truths have been revealed about Bitcoin. The sentiment is very different from what it was in 2015-2017
Plus, the only trend line that mattered broke. Bitcoin didn't go to zero in March only because BitMEX deliberately crashed their servers to halt the liquidations cascade
https://cointelegraph.com/news/b…These collective margin calls are getting more and more extreme, whichever way, up or down. In the end its not going to end well.
To be clear, I'm in it only for the money, I want to see Bitcoin prosper, but I despise all of crypto space.
- Mate, Bitcoin is literally "sponsored" with real money because you all "believed" in it. There is no bitcoin.grafician
- This sentiment is the same as "Apple is doomed!". Even though I half agree.inteliboy
- ^Apple has $192 cash reserve Q2 2020 what are you talking about?grafician
- All Bitcoins total "value" was $160 billions 4th March...suckers money.grafician
- That's only 1.6% of total gold value - gold being "real money"grafician
- Bitcoin halving just happened, might as well mine gold directly instead of this shitgrafician
- @drgs pull your money, invest in some barber shops, everybody needs haircuts, profit lolgrafician
- And adding to all that, it’s not tied to anything that people can understand or measure as success or future performance. It’a flying blindmonospaced
- Still waiting for that technological breakthrough or project that brings crypto to a wider audience.yuekit
- I mean - "Apple is doomed!" is exactly the same as "BTC is doomed!". A tired parroted idea repeated over and over.inteliboy
- Difference is Apple is not doomed and Bitcoin is vaporware...Can't compare.grafician
- Sure. But every dismissive comment like that in this thread hasn't aged too well...inteliboy
- Same can be said regarding bitcoin lolgrafician
- It's been 11 years, take a hint alreadydrgs
- I don't know, but I got 5$ in bitcoins from qbn like 6 years ago...2 years later it was 100$...I bought some sofware with it, had 20$ left, today it's 80$ againuan
- it kindof works if you aren't into finance stuff. like in a more cyberpunk way.uan