>Bitcoin isn't a store of value

What is a bitcoin? What am I paying for again?

>>60502489 (OP)
How the fuck did bitcoin grow this much?

>>60502530

>>60502489 (OP)
Is it even at ath inflation adjusted?

>>60502489 (OP)
>dumps 80%

>>60502533
1600s? I thought this happened in like the 80s the way anons constantly bring it up

>>60502530
>>60502533
its not a bubble, there is genuine demand for it

however it will go to 0 sometime in the next few decades when mining is no longer feasible

either that, or big finance will bail out mining companies with tax payer money to keep the network running.

another possibility is there will be a huge fork that splits into classic bitcoin, and nu bitcoin that has potential infinite supply

>>60502545
>mining companies
>with tax payer money
>to keep the network running.
And people call this a store of value lol

>>60502545
Fees will be enough and block size will likely increase. And you don't seem to understand how mining works. Current level mining is probably enough for long term, and price will not stay that low.

>>60502551
Shut up retard, you just posted a chart comparing parasites-immune money to a 1 year chart of a plant

>>60502558
thats just an assertion, btc would have to double its market cap every four years to maintain current margins. in just like 20 years we are talking the biggest asset in the world

>>60502575
>in just like 20 years we are talking the biggest asset in the world
What makes you think it isn't the biggest asset in the world right now? Why would that change?

>>60502545
>How will I ever mine on my cpu it's unfeasible
Dumbest argument ever, chips will be so much more powerful and efficient in a "few decades" people will always mine to secure the network

>>60502489 (OP)
do you know what your mom is a store of though

>>60502563
Those plants ran completely on solar power and didn't require an internet connection to look pretty nice, retard

>>60502605
>What makes you think it isn't the biggest asset in the world right now? Why would that change?
See >>60502533

>>60502533

It's nothing like tulips.

>>60502575
>have to double its market cap every four years to maintain current margins
absolute morron, there's a difference between double every 4 years forever, and double only for 5-6 cycles (which will likely happen and will be enough to make current mining profitable forever with current low fees)

>>60503490
plants aren't good money, faggot

>>60503510
We're not talking about good money, that's why we're talking about bitcoin to begin with.
>>60503498
You're right, tulips had an actual use outside of being sold to the next buyer

>>60502533
this time it's different

>>60502489 (OP)
I like Bitcoin. Sexually, I mean.

>>60503493
I think people have been using the tulip mania "argument" for 10+ years now kek

>>60503538
And it still hasn't been debunked. Even if the tulip mania chart extended twice the length it does, it would still result in going to 0

>>60503541
yes you are correct

>>60503541
You're being sidelined, aren't you? You said it was a scam at $10, then $100, then $1,000, etc., until today. Deep down, you feel bottomless despair and a nagging regret for having been afraid of not having pressed the "buy" button. Now you see the value of BTC increasing non-stop, saying to yourself "it's not possible" and you rant. Not against BTC but against your own childish fear. Bitcoin succeeded while you look back at the years like a cow. Bitcoin has nothing to do with other assets, it was your chance and you didn't take it.

>>60503600
All these words and you still can't provide an actual definition for what it is you're buying

>>60502489 (OP)
Zoom in.

>Btc went to zero on the mexc exchange.
>Cold wallet bybit hack
>larry fink, sam bankman

>>60503510
no they were considered a collectible at that time. just like bitcoin is. muh super special internet coiiiin. tick tock. the big dump is coming

>>60502489 (OP)
lmao sure bro, tell that to the guy who bought BTC in 2015 and now pays rent, taxes and even bought a fkn car with it through xMoney.
Not just "store of value" it's spendable, usable money now.
Stay mad while the rest of us get cashback paying bills in crypto.

>>60503524
the subject is good money

>>60503732
it would be funny to hear what is good money according to you (don't tell me it's a shiny rock)

>>60503604
A decentralized asset that is scarce, fungible, and we all know who has what.

This is completely unlike tulips. Nations did not create tulip reserves. Tulip mania, at its height, lasted about six months. This is now year 16.

You don’t know what Bitcoin is or its significance, so you try to find some comparison. But it’s difficult finding a comparison because it’s not too often a new asset comes along.

>>60503841
>A decentralized asset that is scarce, fungible, and we all know who has what
But what is the asset that you are trading? "The asset is an asset" is not the answer you think it is
>and we all know who has what
Sounds like a centralized government with centralized intelligence would love
>Tulip mania, at its height, lasted about six months. This is now year 16.
Tulips were traded in person in coffee shops. If Tulip Mania had access to the entire internet worth of fools they could have sustained the mania for much longer, but the high prices would still be fetching tulips at the end of the day just like your decentralized asset is nothing at all.
>You don’t know what Bitcoin is or its significance, so you try to find some comparison. But it’s difficult finding a comparison because it’s not too often a new asset comes along
You still haven't told anybody what Bitcoin actually is though

>>60503854
Bitcoin is a way to preserve and create wealth similar to gold. This isn’t deep. Gold only has value because we agree it has value. Now enough people think Bitcoin has value. It has went from a “collective delusion” to taking its place among precious metals, stock, and real estate.

Maybe if we lived in a fascist society, it would matter that there’s a ledger.

Again, Bitcoin has properties that tulips do not. You cannot create more Bitcoin.

If you’re right, I lose a quarter of my net worth as a young person and have plenty of time to make it up. If I’m right, I have a first-class ticket to an asset that will overtake the gold market cap.

Btc scarcity can be altered via (((democracy)))

>>60503859
>scarcity is listed as “forks”

This is unserious.

>>60503865
Bitcoiners attempt to compare it to Gold because they're desperate themselves to grasp what Bitcoin even is.
If I have a 1oz 999 Gold Coin, I have 1 oz of .999% pure Gold. An actual element on the Table of Elements. If you have 1 bitcoin, you don't have anything at all.
The best thing you can do is try to compare Proof of Work elements, where bitcoin is proof that electricity was spent and gold is proof that something real was dug out of somewhere real but that falls flat on its face because the sun outputs such a vast amount of electricity that it doesn't fucking matter. You can create infinite bitcoins just like you can create infinite crypto currencies
Bitcoin isn't anything but your ability to sell it on to the highest person. It's not even a tulip.

>>60503875
>dig somewhere in Africa
>up comes another trillion in gold

Can you find me more than 21 million Bitcoin?

>>60503886
Doge
Obamasonic
Bitbean

>>60503885
And what’s gold? A hunk of metal we all agree has value. Your money is just bits and bytes, I guess it’s not real until I have money in my hands.

>You can create infinite bitcoins

You’re trying to yank my chain when you say stuff that isn’t real.

People use other cryptos. Btc forking and other cryptos being "mined" has caused it to become the opposite of scarce. The initial point of crypto was to transfer wealth, any cryptp can do that better than btc; the value of btc (or any crypto) is held up by the trust funds. Crypto is abundunant. Btc can be forked or the source code can be altered to raise the limit from 21 million to any number they desire. Look how festered up the jew gets when his kike tokens' delusion is threatened by truth

>>60503892
You’re serious right now? This is your argument? That some fork of a fork of a fork is Bitcoin?

>>60503899
If you think I'm trying to yank your chain, but I should take you seriously when you ask what value Gold has as you're typing over a computer means you are retarded and brown

>>60503865
Precious metals have plenty of industrial, sanitation and medical applications, so no; it's not just valuable because we agree it is.

>>60503904
>nooo you don’t understand, we use gold in our electronics!

Gold literally had zero value for 10,000 years until we began using it in electronics. It’s a shiny metal we collectively agree has value. Try again.

>>60503902
Tell me how bitcoin is different from any other cryptocurrency

Crypto is about to go through its 1492 monent. Gold went through this 500 years ago from overproduction which caused its value to sap about 1% a year. Crypto will have a multi decade bleed. Anyone that bought in the past 10 years wont break even for at least 30 years.

>>60503911

>>60503915
A combination of being the first-mover, Satoshi never cashing in, it being fully decentralized.

Most other cryptos are some guy in Eastern Europe creating a fork and keeping most of it themselves and then cashing in later. That never happened with Bitcoin. Satoshi’s Bitcoins are still there.

>>60503921
I see, so it's not actually different from any other cryptocurrency of which there can be an infinite number of.
Now do Gold

>>60503923
… There will only ever be 21m Bitcoin, with the final one being mined in the year 2140.

Gold? They just found more in Africa. Scientists will soon be able to do alchemy and create gold. That’s decades away, but it’ll happen.

Bitcoin? You can’t do that.

>>60503923
And what the fuck happens to your gold when we start mining asteroids?

>>60503933
>>60503941
Was the Gold created in Africa the moment it was dug up? Are there more asteroids out there in the universe spawning new Gold in?

Crypto resembles tulips more than any asset.
>wealth can wither away (bybit hacks rendering seed phrases defunct)
>misplaced perception of value(oh you dont think land/copper wire has value)
>rampant speculation bubble (quite literally a ponzi scheme)
>amsterdam stock market jews (sambankman larry fink paulkocher brian schneier bitfinex jew)
Crypto is an exact repetition of the tulip craze.

>>60503944
You do realize gold’s value just follows basic supply and demand?

That some new supply would lower the price? That enough would crash it? There are asteroids with trillions of dollars of precious metals. You’re confident that gold will be unaffected by such a large influx of gold being mined?

>>60502533
yeah but its nothing like tulips because i'm invested in bitcoin and if it's like tulips then that would make me a fool and I can't admit that.

>backdoors into cold wallets

>>60503950
I could totally be deadass wrong on Bitcoin, which is why I have a diversified portfolio.

>>60503833
a shiny rock, because it's beautiful and actually exists.

>tons of new cryptos spawning daily
>b-but i was told thr gold was abundant
Waiting on you to dig up all that gold buddy. You have zero idea what real scarcity is. Im willing to bet youve never even held gold and that silver would burn your jew skin.

>>60497665
When posters like this can just dump their supply and cause the price to drop, it just goes to show how manipulated the entire crypto industry really is

>>60503969
There’ll be a day when AI will be able to fuse protons, neutrons and electrons together and hand you a gold brick but there’ll still be only 21 million Bitcoins.

>>60503948
my brother in christ, the asteroid in the solar system with gold in it has about the same amount of gold in all the earths mines currently operating.

Therefore it is wildly unprofitable to mine it currently considering the costs of getting there, mining in freezing cold conditions, and bringing it back.

the asteroid argument is just as stupid as the quantum computers argument for bitcoin. they're both retarded hypotheticals.

>>60502622
>chips will be so much more powerful and efficient in a "few decades"
Ehhhhhhhhh we already can't make transistors smaller, all you can do is get fancy with layout. Which I suppose there's always some room for that with ASICs but I wouldn't bet the farm on any kind of chip getting orders of magnitude faster in our lifetimes, except maybe quantum

>>60503980
Chief, some new gold supply gets found in Africa every other month and you want to tell me with a straight face that we know the exact quantity of what’s out there in the cosmos, it’s priced in, and that the cost to retrieve it will never be lower.

Invest in your gold, I actually don’t care. I just think it’s funny to have people yell “tulips!” at me, meanwhile I’m just completely fascinated at the emergence of a new asset. Will it hit a million? Will it crash and burn? Let’s see.

>>60503979
>ai will be able to create gold
>ai won't be able to break crypto
anon, I...

Btc already went to zero
>captcha xxxxx

>>60503997
my friend, we can't even put a man on the moon again.

come back when we actually have anti-gravity propulsion then we can have a conversation about intergalactic asteroid belt mining.

>>60504000
If AI makes Bitcoin unsecured, you should worry about your bank account first. I’m not worried about this.

>>60504008
What I’m saying is that, in the long run, gold will not be a great storage of value.

>>60504026
Debatable. Central banks are buying gold at a record rate, and I doubt they would be doing that if we actually had anti gravity propulsion in secret black op programs.

>>60504018
the point is AI doing literal alchemy is pure copium.

>>60504037
I don’t think short term.

>>60504045
All I know is that gold’s storage of value is threatened more than Bitcoin’s.

>>60504001
Lel

>>60504046
Long term there are infinite crypto currencies, but you really wants yours to be special because you're invested in it and want to sell it on to a higher buyer

>>60504065
I’ve already stated previously what makes Bitcoin unique.

> you're invested in it and want to sell it on to a higher buyer

Every asset that has ever existed. Thanks for playing. These Bitcoins are going to my kids.

>>60502534
2021 happened because the money supply had already increased 50%, no new money has been created since then

60504112
Loser jews have to change their id multiple times to spoof the thread. This is a prime example of how they wash trade crypto to create the illusion that theres volume.

>>60503958
many things are much more beautiful than gold and also much cheaper, also you don't know what the word exist means

>doesnt know the difference between the tangible and the intangible
jews really do have a low iq

>tfw the guys selling you Bitcoin and telling you it's a store of value aren't storing their value in it

>>60502489 (OP)
>store of value
you can't store value

>>60503859
>seed phrase expiration
you wot mate

>>60502489 (OP)
but your chart clearly states that my value was not stored! it now contains a completely different value than what i originally stored there.

>>60504339
Emma Watson's feet for example.

>>60502503
Bitcoin is a new thing, a trustless intangible ledger, and can be used for new things.

We can use btc for at least two priceless functions:
1) We can encode the price of money into btc via aggregate demand for “economic unit”, in doing so creating a Trustless Price Signal of Money, i.e. THE economic reference point. This massively increases the efficiency of economic calculation.

2) Trustless intangible Store of Value: Physical goods require active force simply to maintain ownership, trust-based assets require trusted third parties to operate them. Storing abstract economic value in either enables negative sum actors to parasite as NSAs can specialize exclusively in force. With a trustless intangible SoV we can guarantee voluntary exchange in-the-limit as btc can be made prohibitively expensive to seize (multi-sig, Shamir backup) and is infinitely more resistant to seizure by default.

Further, while not priceless, BTC will drain abstract economic demand from assets with functional use (gold, land etc) freeing them for productive use.

>>60502545
Mining only protects the network from double spends (clawbacks), security budget needs only scale with transaction size, not mcap, fees alone are already sufficient to secure the network, and finality can be changed to “after n-blocks” ala BCH if this ever becomes false

>>60504692
that's called saving without losing value over time, so yes you can

>>60504735
>BTC will drain abstract economic demand from assets with functional use
This is actually the entire purpose of Bitcoin and why it was created by the government. It is the MMO equivalent of a money sink, which is needed when money printing is more out of control than ever before.

>>60502530
best store of value asset in the world

>>60503535
kek and sexually bitcoin pilled

>>60504893
the governments want people to consume and invest, the opposite

who is buying bitcoins at 100k+?

>>60504945
And what better for their infinite money printing than people who consume overpriced food and 'invest' in something that doesn't need to actually be produced like bitcoin?

>>60503885
right now, pixels on a screen allow you to buy a mansion. it went to this from "i give you honey and you give me a tomatoes". "money", whether fiat, gold or crypto, only gains value because human beings want it. in the future, if humans collectively decided they don't want gold no more, it would have 0 value. a better example, in the far past, before humans thought gold had value, if one person dug and got some gold, no one would give him goods in exchange for his gold.

>>60502489 (OP)
Biggest scam in history

>>60502545
>Hardware improves
>Price rises
>Rewards go down
I dont know... I have a feeling that it balances out?

>>60504950
when you buy bitcoin you don't consume, and they want you to buy debt, bonds, stocks, etc

>>60505039
Bitcoin will hit 250k and you will still be saying:
"BIGGEST SCRAM IN HISTORY DURRRRR"

>>60502533
it took 3 years for that bubble to crash to 0 in the zero-information age

btc has been going for like 16 with the internet. cope more

>>60505084
Rat poison
Enjoy while it lasts

>>60505127
Will do, enjoy it from the sidelines.

LoL

>>60503969
Kek the faces of crypto are all jews

>>60503600
nta, but I am pissed that I was a youngfag poorfag with no money to invest until we already hit six figures

>>60502489 (OP)
see those high peaks and deep valleys, that's not how a store of value works. you don't see Gold crater -80% in a year.

>>60504893
pls post more, what do you think is the btc endgame? how many ppl actually cashed out?

>>60503945
>Crypto is an exact repetition of the tulip craze.
Can you send a tulip instantly to someone on the other side of the planet?

Sent. Ans this is worth more than btc because its backed by flowers and dollars. Crypto is merely a jewish trust fund that issues tokens entitling you to a percentage of that account.

Crypto alley is an even more rigged version of wall street.

>>60502533
tulips were much more like a meme coin made by a random brownoid.
BTC is an alternative financial infrastructure much more sturdy than the legacy one. No possible parallel with tulips.

>>60502489 (OP)
That chart color. Seems familiar. Store? As in stored in the balls? Hold piss for passive BTC.

>6oynJRMH8xuU4A4fbpS82XwPpwKM3WWts88zquuY9tUT

>>60502489 (OP)
looks familiar