Bitcoin Death is approaching

[tabzer]

I don't have any investments in crypto, but the concept makes at least as much sense as the US dollar, which has nothing backing it.

Fiat has military backing it, but the government dilutes its availability--so holding fiat is the one of the worst ways to "save money" as its value perpetually decreases.

Most cryptos have a cryptographic-security network backing it and pre-determined methods of token issuance making a bulk of them to be relatively "fair" by comparison.

 

[M7L7NK7]

Is literally just paper that people believe in hard enough. MTG cards could just as easily be our currency if we believed in them the same way.

The year is 2055, power 9 is the base currency

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Seriously 2 things:

Bitcoin crashed from 20k down to 4k a few years ago, then went to 60k.. it's gonna go nuts soon. This was before all these companies and the average not nerdy person was invested, there's too much involved in it for it to die. It's not dying.

If you hate crypto it's only because you're upset you didn't buy in early, even though technically now IS still early.. but hey keep eating salt if it makes you feel better and wish you bought in now

 

[The Catboy]

dollar: is real money

The dollar is literally a piece of fabric paper the government tells you has value.

 

[BlazeMasterBM]

The dollar is literally a piece of fabric paper the government tells you has value.

and it does

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if u guys think the dollar has no value then I can just do you a favor and take them all off your hands for ya

 

[tabzer]

and it does

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if u guys think the dollar has no value then I can just do you a favor and take them all off your hands for ya

The argument is that value is contrived not non-existent.

 

[Minox]

Everyone should panic sell some more, it makes it easier to get some more for myself.

 

[machomuu]

I just wanna buy a gpu

 

[Julie_Pilgrim]

Is literally just paper that people believe in hard enough. MTG cards could just as easily be our currency if we believed in them the same way.

im boutta become the next bill gates

The argument is that value is contrived not non-existent.

heart-breaking:the worst person you know just made a great point

 

[Deleted member 668561]

Meanwhile........

Spoiler: meanwhile

 

[The Catboy]

Meanwhile........

Spoiler: meanwhile

View attachment 268299

That death is coming any minute now

 

[nero99]

I just wanna buy a gpu

miners aren't the problem this time, its those scalpers that need to jump off the highest ledge that are the problem.

 

[Gamemaster1379]

Even being down YTD means nothing. Isn't it still nearly 3x from last November? Just look back 60 days from your YTD.

Enjoy all the FUD, I guess. Everyone forgets about it when it bottoms out and then they panic buy when it's back up again. This is all a bunch of fantastic signals to tell everyone to get ready to start buying in 3-6 months while it bleeds out and enjoy their immense gains in a couple years time.

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miners aren't the problem this time, its those scalpers that need to jump off the highest ledge that are the problem.

Miners increased demand to an extent. Scalpers took advantage of that and absolutely are screwing over any market they can right now. Even retro consoles are being scalped to hell by these people.

Silicon shortages are a catalyst as well, making an already doubled down bad situation worse.

 

[AkikoKumagara]

Even being down YTD means nothing. Isn't it still nearly 3x from last November? Just look back 60 days from your YTD.

Enjoy all the FUD, I guess. Everyone forgets about it when it bottoms out and then they panic buy when it's back up again. This is all a bunch of fantastic signals to tell everyone to get ready to start buying in 3-6 months while it bleeds out and enjoy their immense gains in a couple years time.

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Miners increased demand to an extent. Scalpers took advantage of that and absolutely are screwing over any market they can right now. Even retro consoles are being scalped to hell by these people.

Silicon shortages are a catalyst as well, making an already doubled down bad situation worse.

Yeah, but they (miners) are customers who want to buy a GPU to use it, just like anyone else. The scalpers are looking for a flip and a quick buck and have no intention to use the cards they're buying. The latter is scum.

 

[Gamemaster1379]

Yeah, but they (miners) are customers who want to buy a GPU to use it, just like anyone else. The scalpers are looking for a flip and a quick buck and have no intention to use the cards they're buying. The latter is scum.

Semantics how you push it. I do agree scalpers are insufferable people, and I definitely despise them more than anyone else. Miners I have a respectful disdain for.

I'd normally blame hardware manufacturers like Nvidia and AMD, but there is legitimately a global silicon shortage making manufacturing of anything a pain in the ass right now.

 

[ucupetuks]

kinda dumb xrp shit holder trying to fud, see yaa 200K$ on december

 

[Kioku]

kinda dumb xrp shit holder trying to fud, see yaa 200K$ on december

What's that? Timmy fell in the well again??

 

[ucupetuks]

What's that? Timmy fell in the well again??

what kid

 

[Jayro]

I just wanna buy a gpu

Same, I just want my crypto to take off enough so I can pay a scalper for a 3060ti or 3070.

 

[Kioku]

what kid

I dont know... What kid?

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Same, I just want my crypto to take off enough so I can pay a scalper for a 3060ti or 3070.

I'm ashamed to admit I paid a scalper. But a couple of my friends paid up to 4x MSRP. Crazy.

 

[tabzer]

heart-breaking:the worst person you know just made a great point

Your values are especially contrived.