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Bitcoin Death is approaching

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Xzi said:
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.
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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.
 
Last edited by tabzer, , Reason: hit submit too early.
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Xzi said:
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.
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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
 
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BlazeMasterBM said:
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 :)
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The argument is that value is contrived not non-existent.
 
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Xzi said:
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.
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im boutta become the next bill gates



tabzer said:
The argument is that value is contrived not non-existent.
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heart-breaking:the worst person you know just made a great point
 
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Meanwhile........





Screenshot_20210627-160020.png
 
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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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nero99 said:
miners aren't the problem this time, its those scalpers that need to jump off the highest ledge that are the problem.
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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.
 
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Gamemaster1379 said:
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.
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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.
 
Sophie-bear said:
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.
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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 said:
what kid
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I dont know... What kid?

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Jayro said:
Same, I just want my crypto to take off enough so I can pay a scalper for a 3060ti or 3070.
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I'm ashamed to admit I paid a scalper. But a couple of my friends paid up to 4x MSRP. Crazy.
 
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