bit coin fad is coming to an end

[adultinnovation]

[Biggie Smalls Web Writing]

Btc is the riskiest asset, in a bear market it will dip more than any other asset.

Everything is down, S&P 500, NDQ, Gold, Silver, you cant expect btc to outperform any of those assets in the bear market. If we get into a recession which is likely to happen we can expect it to go lower than 12k (huge support there).

But btc and crypto are the future and once fed and other central banks start printing money again it will moon. For that to happen we might have to wait 2-5 years or longer, cuz this aint looking good.

[trevesty]

I can't wait to watch the same guys who come into every one of these threads and tout how it's "the future" and "so amazing" and if "everyone would just catch up to us" do a bunch of mental gymnastics.

[k0nr4d]

Originally Posted by trevesty

I can't wait to watch the same guys who come into every one of these threads and tout how it's "the future" and "so amazing" and if "everyone would just catch up to us" do a bunch of mental gymnastics.

I don't really believe in crypto at all. I think there will be CBDC and they'll ban other cryptos completely. Either prevent mining in the name of ecology, or make it so you can't easily cash it out to something you can use to buy groceries etc.

That said, I think many of us here have made good money.

[SpicyM]

Originally Posted by trevesty

I can't wait to watch the same guys who come into every one of these threads and tout how it's "the future" and "so amazing" and if "everyone would just catch up to us" do a bunch of mental gymnastics.

[trevesty]

Originally Posted by k0nr4d

I don't really believe in crypto at all. I think there will be CBDC and they'll ban other cryptos completely. Either prevent mining in the name of ecology, or make it so you can't easily cash it out to something you can use to buy groceries etc.

That said, I think many of us here have made good money.

Yeah, it's nothing more than a risky asset and that's okay. I've made some okay money with it also dabbling with it while I take a dump. There are early adopters who went from being $100 / day affiliates to having a pretty nice nest egg, too. That's awesome for them.

It still isn't the future, though.

[k0nr4d]

I'm a bit more alarmed by the ethereum price then bitcoin. I would have thought that between the virtue signalling and the energy crisis in Europe, it would have gone up after the PoS update but it's dropped 20%. BTC is bouncing back a bit.

[DVTimes]

I posted about this months ago:

https://gfy.com/fucking-around-and-b...ash-begun.html

[candyflip]

Funny that a place that was once at the forefront of what happened on the internet is filled with people who don't understand Web3 and still think this is all about "cryptocurrency".

[Tube Ace]

^ what he said. Ya'll got no vision.

[Biggie Smalls Web Writing]

Originally Posted by k0nr4d

I'm a bit more alarmed by the ethereum price then bitcoin. I would have thought that between the virtue signalling and the energy crisis in Europe, it would have gone up after the PoS update but it's dropped 20%. BTC is bouncing back a bit.

Currently overpriced (due to the merge) If we look at the market conditions. If btc bottoms at 12k, eth will around 600 imo

[todservices]

The problem is that you are looking at the chart by day

+411% in 5 years.

[todservices]

Originally Posted by candyflip

Funny that a place that was once at the forefront of what happened on the internet is filled with people who don't understand Web3 and still think this is all about "cryptocurrency".

[gtsix]

Originally Posted by candyflip

Funny that a place that was once at the forefront of what happened on the internet is filled with people who don't understand Web3 and still think this is all about "cryptocurrency".

I know right... to the pros it's all about building and inventing, kind of a passion... basically since I work with web3 full time I barely watch the price charts at all and I'm doing crypto-related stuff 24/7... this forum is full of people who can only think or see as far as "where the price goes" when it comes to crypto... meanwhile their whole future will be based on these technologies...

[jscott]

Every bear cycle we have idiot posts like this, and all these haters come out of the woodwork crying "Bitcoin is dead, Bitcoin is dead!"

If you are looking at a low price (Oh wow, way down to $19k), then you aren't looking in the right place. Show us that bitcoin is dead, fundamentally. If the security is at risk, or it lost its status as a decentralized asset, then maybe you're on to something. If not, you're not well educated on what it is, and why it's always claimed to be dead, but never dies.

DVTimes, Trevesty, adultinnovation, for starters, can you guys tell us how it's fundamentally dead?

[jscott]

Originally Posted by k0nr4d

I'm a bit more alarmed by the ethereum price then bitcoin. I would have thought that between the virtue signalling and the energy crisis in Europe, it would have gone up after the PoS update but it's dropped 20%. BTC is bouncing back a bit.

I mentioned to you already, ETH changing to a more centralized PoS is a horrible move for them, that and they're partnering with World Economic Forum, not a good look. They are now a tradfi company with #1 goal to enrich the creators and those who benefitted from the 70% premine.

[jscott]

Originally Posted by k0nr4d

I don't really believe in crypto at all. I think there will be CBDC and they'll ban other cryptos completely. Either prevent mining in the name of ecology, or make it so you can't easily cash it out to something you can use to buy groceries etc.

That said, I think many of us here have made good money.

I agree, "crypto" is 99% scams and cash grabs

CBDC's is what will be used to shackle every person in the world, they'll give gov's absolute financial control over all their citizens, which will allow a 1984 style totalitarian system.

Bitcoin is the only one that is worthy of existing.

[SharkAttack]

Bitcoin's glory days have passed. The blockchain technology will live on for a very long time, but using the technology for currencies is something that will eventually die out.

Do you people really think the owners of the world will ever allow something decentralized like bitcoin to ever go mainstream? Yeah, power to the people, right? . If you think the owners will ever allow the masses to have control over currency, then you are highly delusional.

Those saying that bitcoin will once again reach 70k, 90k, 150k . Right, because there have been many times in history where tens of thousands of "investors" came out on top and became wealthy, while the 1% lost money .

Anyone who looks at ANY cryptocurrency as anything more than monopoly money is in for a rude awakening.

[trevesty]

Originally Posted by jscott

Every bear cycle we have idiot posts like this, and all these haters come out of the woodwork crying "Bitcoin is dead, Bitcoin is dead!"

If you are looking at a low price (Oh wow, way down to $19k), then you aren't looking in the right place. Show us that bitcoin is dead, fundamentally. If the security is at risk, or it lost its status as a decentralized asset, then maybe you're on to something. If not, you're not well educated on what it is, and why it's always claimed to be dead, but never dies.

DVTimes, Trevesty, adultinnovation, for starters, can you guys tell us how it's fundamentally dead?

I know reading isn't really a strong suit for you, but I never said it's "dead".

[Biggie Smalls Web Writing]

[Retiree]

If you see bitcoin only as an investment, you are completely missing the point. Bitcoin is freedom, bitcoin is hope. Hope that the governments won't be able to control every single aspect of our lives and cut us off anytime they please.

[Christianx]

no matter the price, its still fun to own some BTS and ETH to diversify your portfolio and stay relevant in any conversation with a Gen Z person

[jscott]

Originally Posted by trevesty

I know reading isn't really a strong suit for you, but I never said it's "dead".

You've never made sense on this subject, not sure why you even click these threads, you have no clue wtf Bitcoin is or why many people of the world support its existence. Some of us want it because fairness and freedom, some people NEED it for survival.

*next he'll rant about how he knows a guy who know s a guy who this or that*

[jscott]

Originally Posted by SharkAttack

Bitcoin's glory days have passed. The blockchain technology will live on for a very long time, but using the technology for currencies is something that will eventually die out.

Do you people really think the owners of the world will ever allow something decentralized like bitcoin to ever go mainstream? Yeah, power to the people, right? . If you think the owners will ever allow the masses to have control over currency, then you are highly delusional.

Those saying that bitcoin will once again reach 70k, 90k, 150k . Right, because there have been many times in history where tens of thousands of "investors" came out on top and became wealthy, while the 1% lost money .

Anyone who looks at ANY cryptocurrency as anything more than monopoly money is in for a rude awakening.

You're a fiat maximalist, based on what you said, you believe every fiat currency, with unlimited supply, will outperform Bitcoin, oh man, wtf lol I love these posts, these are what make us remember... we are SOOOOOO goddam early

[k0nr4d]

Originally Posted by Retiree

If you see bitcoin only as an investment, you are completely missing the point. Bitcoin is freedom, bitcoin is hope. Hope that the governments won't be able to control every single aspect of our lives and cut us off anytime they please.

Very noble but ultimately if I have to wait 14 hours in a grocery store line up waiting for everyone's transactions to confirm on the blockchain one by one, it's not super useful for anything outside of an investment.

[jscott]

Originally Posted by k0nr4d

Very noble but ultimately if I have to wait 14 hours in a grocery store line up waiting for everyone's transactions to confirm on the blockchain one by one, it's not super useful for anything outside of an investment.

There is something called Lightning Network, and I know you know what it is. Not sure why your post is suggesting you forgot what it is or what it can do

For those that don't know, LN is a way to send Bitcoin instant and nearly free transactions (no 14 hours, more like 1.4 seconds)

EDIT;, and let me add, using BTC txns on-chain never takes 14hr, maybe 1hr max and 30cents fee

[SharkAttack]

Originally Posted by jscott

You're a fiat maximalist, based on what you said, you believe every fiat currency, with unlimited supply, will outperform Bitcon, oh man, wtf lol I love these posts, these are what make us remember... we are SOOOOOO goddam early

While I agree with your term "Bitcon", I never said I believed in fiat currency. Again, you people are delusional to think that a decentralized currency will one day become the mainstream without the consent of the controllers of the world.

It would be great if it did and people had the power to own and control their own money. However, it's a fairytale dream that people seem to have.

Cryptocurrencies in terms of monetary value will remain monopoly money to be used within the closed loops of other crypto circles unless adopted into the mainstream by the controllers of the world. If the masters do not want crypto to become mainstream then it will not become mainstream.

[jscott]

You make a price prediction that BTC will never ATH again, this is where you enter the fiat maximalism zone. Do you realize that? Do you believe central banks will stop inflating fiat currencies?

[Retiree]

Originally Posted by SharkAttack

While I agree with your term "Bitcon", I never said I believed in fiat currency. Again, you people are delusional to think that a decentralized currency will one day become the mainstream without the consent of the controllers of the world.

Again, btc becoming mainstream would make it easily controlled and useless just as fiat. The whole idea is that it not does become mainstream. And as for use...its just easily to use now as fiat...there are btc AMTs everywhere...like hundreds of them in every major city, so taking money out and spending is easier than ever, no matter how many retailers accept it as a form of payment.

[trevesty]

Originally Posted by jscott

You've never made sense on this subject, not sure why you even click these threads, you have no clue wtf Bitcoin is or why many people of the world support its existence. Some of us want it because fairness and freedom, some people NEED it for survival.

*next he'll rant about how he knows a guy who know s a guy who this or that*

Oh, so instead of admitting that you just put words into my mouth, you just spew a bunch more bullshit.

[k0nr4d]

Originally Posted by jscott

There is something called Lightning Network, and I know you know what it is. Not sure why your post is suggesting you forgot what it is or what it can do

For those that don't know, LN is a way to send Bitcoin instant and nearly free transactions (no 14 hours, more like 1.4 seconds)

EDIT;, and let me add, using BTC txns on-chain never takes 14hr, maybe 1hr max and 30cents fee

I'm aware it exists, but have you ever tried to actually implement it? It's extremely complicated and from what I recall, wasn't really feasible for point of sale due to the need to open channels and stuff.

[Biggie Smalls Web Writing]

The way I look at it: what's the btc in the digital world, the gold is in the real world

[TaiGhost]

Originally Posted by Biggie Smalls Web Writing

With that announcement its all more or less toast at this point. No more anonymous.

Its great to move away from the snake central bank system but when the snake central bank system ultimately monitors and controls crypto... What's the FN point?

[TheLegacy]

It's strong enough to watch for - not enough to incorporate it yet into your offerings lest you get screwed.

[nikki99]

I got $200 more from chaturbate I hope it goes up!!

[TaiGhost]

Ya gotta chuckle at the cucks.

[jscott]

Originally Posted by k0nr4d

I'm aware it exists, but have you ever tried to actually implement it? It's extremely complicated and from what I recall, wasn't really feasible for point of sale due to the need to open channels and stuff.

Use it all the time, if you can scan a QR code then you'll have no problem with it. As for implementing it, have you tried with BTCpayserver.org ?

Cryptocurrency being controlled; yes, centralized "crypto" (inc. ETH now, post merge) can & will be controlled, Bitcoin can't and won't be. That is why I'm strongly for BTC and not the others.