Crypto is the future if you can't understand how it works better to shut the fuck up and go suck brandon's dick
BTC crashes to $15k!
- Thread starter MasterOfMasks
- Start date
Irrelevant. Value is backed by the power to tax. The only people allowed to make a currency in the USA are the federal state.
The only people allowed to make currency in the EU is the ECB.
Etc etc.
Bitcoin etc is tolerated as a means to track illegal activity. It's even more traceable than cash.
Cryptos got pumped during the pandemic same as real estate thanks to easy money.
Value of crypto = zero.
The total "value" of crypto is less than what is exchanged in 4 hours in the real world in financial markets. AKA the stuff that really matters.
The only people allowed to make currency in the EU is the ECB.
Etc etc.
Bitcoin etc is tolerated as a means to track illegal activity. It's even more traceable than cash.
Cryptos got pumped during the pandemic same as real estate thanks to easy money.
Value of crypto = zero.
The total "value" of crypto is less than what is exchanged in 4 hours in the real world in financial markets. AKA the stuff that really matters.
The value of bitcoin is backed by its restricted supply and increasing demand. it's similar to that of precious metals. both are limited in quantity and have select use cases. precious metals like gold are used in industrial applications, while bitcoin's underlying technology.
The value of you = zero because you are an idiot who likes to suck brandon's dick in the car so go for it and enjoy the hyper inflation that will fuck you in the ass.
TomTheCat
Elite Member
- Oct 27, 2019
- 2,372
- 2,768
Here, I have to contradict you. Gold might be a limited metal on Earth, but not in space (from where it came). Assuming the space is infinite, so is Gold.
https://www.sciencedaily.com/releases/2011/09/110907132044.htm
The majority of cryptocurrency is not used for criminal activity. According to an excerpt from Chainalysis’ https://blog.chainalysis.com/reports/2021-crypto-crime-report-intro-ransomware-scams-darknet-markets, in 2019, criminal activity represented 2.1% of all cryptocurrency transaction volume (roughly $21.4 billion worth of transfers). In 2020, the criminal share of all cryptocurrency activity fell to just 0.34% ($10.0 billion in transaction volume).
According to the UN, it is estimated that between 2% and 5% of global GDP ($1.6 to $4 trillion) annually is connected with money laundering and illicit activity.
This means that criminal activity using cryptocurrency transactions is much smaller than FIAT CURRENCY and its use is going down year by year.
So do you understand now what's cryptocurrency and how it works?
If you still can't understand better to shut the fuck up and be a good boi.
Bitcoin is a capped cryptocurrency. This means after 21 million Bitcoins are mined, no more will be mined.
Having a capped currency means Bitcoin can be used as a store-of-value investment tool. Investing in a store of value currency can be compared to investing in gold. Although there is some transactional value in gold, it is mostly used as a store of value.
Bitcoin uses a Proof-of-Work mining system. This means a network of miners computes complex calculations to keep the Bitcoin blockchain running. Miners earn newly minted Bitcoins as a reward for their work. Proof-of-Work allows Bitcoin to attach a physical value to its transactional system. A Bitcoin is worth a certain amount of computing power.
Having a capped currency means Bitcoin can be used as a store-of-value investment tool. Investing in a store of value currency can be compared to investing in gold. Although there is some transactional value in gold, it is mostly used as a store of value.
Bitcoin uses a Proof-of-Work mining system. This means a network of miners computes complex calculations to keep the Bitcoin blockchain running. Miners earn newly minted Bitcoins as a reward for their work. Proof-of-Work allows Bitcoin to attach a physical value to its transactional system. A Bitcoin is worth a certain amount of computing power.
So that's why bitcoin is even more valuable than gold. Wait a few years and you’ll see bitcoin price will go to $1 million. Crypto is still new and in the beginning and has not yet attracted much attention!
Again, freedom = bad. Coercion and taxation to the wazoo = good!
Only "naive plebs" would think otherwise.
Why would clever people want something not supporting oppression? I'm sure they would call any solution "fairy farts" and defend the coercion as much as they can. And you seem a very clever man.
CBDC, not crypto. You should stop using the broad term "digital currency" for everything. Do you think USD or EUR in your bank account isn't a "digital currency"? Or when you use your credit card? All this is already a "digital currency".
You're against what you quote? Start using Bitcoin now. At least start understanding it.
I missed that lovely character that told me to have intercourse with myself. I guess when you have no valid intellectual points to make the lower class resort to insults.
I'm not American, and your fantasies reveal more about your deep inner thoughts than you 'think'.
Kollector4
Newbie
- Nov 12, 2022
- 7
- 6
Hahaha you seem to not understand basic economy . They can get all the money out of the system as fast as possible
MasterOfMasks
Regular Member
- Jul 31, 2022
- 403
- 264
Crypto will never go to $0. There will always be a new shitcoin that will sky rocket, then rug-pull just like FTX did lol
shanna_doll
Senior Member
- Apr 10, 2012
- 827
- 522
Freedom offered by whom? By that Sun Tzu, chinese guy who owns Binance (or whatever his name is) or maybe by Italian guy who prints Tether out of thin air, happy to take your fake, unreal dollars, giving you very-real, money-of-future digital coins? LOL. Man you are probably a young guy, you have so much to learn..
What does it matter what nationality or what race they are? Why are you talking nonsense?
To be honest the only thing that matters is that at least they are productive and creative ,but what are you? Nothing but an idiot!
Have a good one.
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It's incredible how people don't understand crypto, and just don't even try to. But they don't want to, it seems.
Sure, please enlighten me if you think I have "so much to learn". From you?
shanna_doll
Senior Member
- Apr 10, 2012
- 827
- 522
It is not about crypto, or any other technology for that matter, but you dont get it. Crypto as technology is useless, and people who promote it are even worse. As a technology, it is 14 years old and it got nowhere.It's incredible how people don't understand crypto, and just don't even try to. But they don't want to, it seems.
Sure, please enlighten me if you think I have "so much to learn". From you?
MasterOfMasks
Regular Member
- Jul 31, 2022
- 403
- 264
I see Bitcoin is working fine as of time of right now.
The parties that want to take it down have been doing horrible work (tether, celsius, luna, ftx, etc).
the blockchain has been working fine. the price fluctuates, but the technology has beem working extremely well so far
foghorn
Regular Member
- Aug 12, 2012
- 270
- 121
And what if you miss out on the run to 100k? Even 20k isn't bad if it goes to 100k in 3-4 years
God of Porn
Regular Member
- May 11, 2020
- 349
- 415
Bitcoin will reach 0 when people understand what it really is. The biggest scam of modern history, all of crypto and decentralized coins, nft and everything else. Its just a big scam for some smart people to fool others and make them a fortune in the process. If you have a basic understanding of economics you will understand why it is a scam. But this doesnt mean you cant make money out of it as long as people believe in it. But for bitcoin to jump again in higher 5figures or 6 it needs another big media pump from most of influencers, youtubers, forums etc. that will be the final one if it happens before the massive crash.