Bitcoin is a Ponzi

[///Vega+++]

So is the traditional fractional-reserve banking system...

 

[High quality poster]

Lol I already got my jabs and body blows in. I'll let the other intelligent Coli Crypto Critics handle y'all. Don't worry, after the crash I'll be back with the knockout blows.

Which crash? Crashes ain’t stopping shyt. It crashed all the way under $30k from 60k and went right back up. This is bigger than you buddy.

 

[the bossman]

Which crash? Crashes ain’t stopping shyt. It crashed all the way under $30k from 60k and went right back up. This is bigger than you buddy.

He's done this all year long. Quiet as a mouse when market is humming along, then any time there's a big dip he comes in looking for attention.

Last time we heard from him he said btc was going to 10-15k, the market was going to crash before Labor day. When labor day came and went he just doubled down on his foolishness.

He's one of those "the housing market is about to crash" "the stock market is about to crash" types. No actual analysis or anything just blowing the same tune every month for years like he's some oracle.

 

[Broke Wave]

Stock has value because companies have cashflows and underlying assets with objective market value. Excess cash flows are distributed as dividends or reinvested into capital.

Most stocks dont give any dividend and you know damn well thats not what happens in the stock market. These muthafukkas buy back the stock with company money. It's 100% a ponzi don't be a kid.

 

[D1renegade]

Yet another thread I’ll need to bump in 2-3 years. Crypto is here to stay. I hope the nonbelievers don’t take it too hard once they’ve realized they have missed out.

 

[Red]

because it's not a currency, that's the entire argument

they say BTC is money, but nobody uses it has money, they say USD losses value, but Bitcoin is only valuable in USD, the whole point of buying it is to wait your turn in the pyramid and cash out for USD, so if USD loses value so does bitcoin because you have to convert to USD in order to actually have money lmao

That's in situations where you interact with people who don't have or understand bitcoin. There are many people who will happily transact directly in bitcoin right now.

You won't be buying a big mac with it on an average day however, imo other digital currencies will subsume that role. I don't
Personally see bitcoin becoming an every day currency, rather I see it becoming a reserve currency / store of value with.

Are you saying that you can't foresee a time where institutions and large banks utilise bitcoin in this way, regardless of the steps being taken by them for that sort of utilisation?

 

[Sbp]

 

[hatealot]

This is true but it's also true for the banking system and America as a whole.

. Bitcoin was made to be used as an alternative to avoid taxes and to allow transactions between various groups.

Now these groups have now created the eco system for their to be a back and forth. When the first retail store allowed bitcoin is when they Laundered the money.

They bum rushed the door and agencies can't even keep track of it because it's now mainstream.

That's why there's so many derivatives of some non sense crypto currency.

It all boils down to circumvention of some type of authority. Meanwhile USD is accepted every where and is the standard and will be for a long time.

I really don't see bitcoin becoming a standard in our lifetimes.

All currencies are divided by USD. That means the dollar bill remains supreme and all transactions end up being USD.

Everything else a convulated way to wash it back into USD.

It's all drug money. I wouldn't be surprised if you find bitcoin tags on human beings used to be human suitcases through airports.

I know I seen people tattoo with permanent qr codes 10 years ago and people were scanning the hell out that bytch

 

[BlackBall]

Op watched that documentary on Netflix

 

[Red11]

That's in situations where you interact with people who don't have or understand bitcoin. There are many people who will happily transact directly in bitcoin right now.

You won't be buying a big mac with it on an average day however, imo other digital currencies will subsume that role. I don't
Personally see bitcoin becoming an every day currency, rather I see it becoming a reserve currency / store of value with.

Are you saying that you can't foresee a time where institutions and large banks utilise bitcoin in this way, regardless of the steps being taken by them for that sort of utilisation?

really only because blocks are 10 minutes apart. 2 min block of #litecoin or no time block of #nano will be the closer.

 

[Red11]

. Bitcoin was made to be used as an alternative to avoid taxes and to allow transactions between various groups.

Now these groups have now created the eco system for their to be a back and forth. When the first retail store allowed bitcoin is when they Laundered the money.

They bum rushed the door and agencies can't even keep track of it because it's now mainstream.

That's why there's so many derivatives of some non sense crypto currency.

It all boils down to circumvention of some type of authority. Meanwhile USD is accepted every where and is the standard and will be for a long time.

I really don't see bitcoin becoming a standard in our lifetimes.

All currencies are divided by USD. That means the dollar bill remains supreme and all transactions end up being USD.

Everything else a convulated way to wash it back into USD.

It's all drug money. I wouldn't be surprised if you find bitcoin tags on human beings used to be human suitcases through airports.

I know I seen people tattoo with permanent qr codes 10 years ago and people were scanning the hell out that bytch

Who would tattoo their private key? Or it’s

 

[Master Teacher]

That's in situations where you interact with people who don't have or understand bitcoin. There are many people who will happily transact directly in bitcoin right now.

You won't be buying a big mac with it on an average day however, imo other digital currencies will subsume that role. I don't
Personally see bitcoin becoming an every day currency, rather I see it becoming a reserve currency / store of value with.

Are you saying that you can't foresee a time where institutions and large banks utilise bitcoin in this way, regardless of the steps being taken by them for that sort of utilisation?

What's the last thing you brought in bitcoin

 

[Red11]

What's the last thing you brought in bitcoin

A flight.
Gift cards.
Gold.

 

[Master Teacher]

A flight.
Gift cards.
Gold.

And you paid more than what you would be USD to get those things from shady sights

you can't buy for a flight directly from airline with Bitcoin you have to come to some shady third party website and get a delta gift card probably generated by some hacker and paid for with stolen credit cards

also why would you buy gold with bitcoin if bitcoin is the NEW GOLD lmao

yall morons stay telling on yourselves believing in this shyt

 

[Master Teacher]

Literally Tom Brady.

Crypto isn’t some fad anymore, at this point you’re on the outside looking in if you still doubt it, Digital currency is here to stay. You can either be ahead of the curve or behind it.

Yes Digital Currency is here to stay, we've been using it for decades its called debit and credit cards dumb ass

apple pay is digital currency, its faster than using crypto which needs confirmations on blockchain to make payments and IT"S NON REFUNDABLE lmao

why would somebody use a currency you can't even get refunds for, if you get scammed or get sold a bad product lmao