They either don't understand how inadequate Bitcoin is as "digital gold" or they're pied-pipering dipshits with FOMO. Everyone is bragging about their 9% gains, but nobody will talk about their 50% losses coming up. There will only be the sounds of
>ack!

Kek. Keep coping, loser.
Bitcoin to one million!!!!111

>>60620606 (OP)

No matter how much you cry, it will never change the fact that you missed buying bitcoin cheap. Keep crying.

>>60620606 (OP)
If the BTC price halves I will put every penny I own into it.

>>60620675
the funny thing is you won't

>>60620606 (OP)
>50% losses coming up
even your fud is speculation anon

>>60620663
Already made my money, troon. You've been warned.

>>60620675
>if it drops
what reason would it have for going up again?
>inefficient
>too private for globohomo
>can't into smart contracts
>originally had value as payment for child porn

It's over. You've been warned.

>>60620732
> what reason would it have for going up again?
How new are you? Were you not here when BTC crashed to $15k? And here we are pushing 119k. I swear you people don’t live in reality and are incapable of looking to the past

>>60620782
>but Bitcoin 10x during retard free money fomo time!
yea, nah you're a retard

>>60620732
>literal 2013 fud
you are sidelined. you will never be a woman.

>>60620722
You could’ve made more. Retard. Cope.

>>60620989
Thanks man. I'm comforted to hear that my genetic structure will never become that of a woman's. Have fun losing your shit because you lack the ability to extrapolate, reason and execute.

>>60620999
>greed
>pride
You just don't learn lessons from others, huh? Low consciousness hylic.

>>60620732
Yeah, I can't imagine Bitcoin going up again after going down significantly. I definitely can't imagine it happening like four times.

>>60620606 (OP)
lol this is why im bearish
all the BTC maxis are morons

>>60621128
during the period of funny money low interest rates. you forgot that critical part

>>60621140
Bitcoin *just* surged in a relatively high-interest environment. It's happening right now.

>>60620606 (OP)
cope

>>60621133
I lost a fuckton of money with altcoin scams.
The maxis were right all this time.

Dull.

Bitcoin has no purpose, it 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.

>>60620732
Economic units have demand not because of belief, but because their supply properties allow demand to alter price primarily instead of supply, enabling economically useful functionality such as Store of Value and other economic abstractions. This is why grain et al, despite having great “intrinsic value” and near-universal acceptance performs poorly as an economic unit, grain has huge elastic supply so increasing demand results in increased supply, instead of increased price, preventing the encoding of economic state information into the price of grain and therefore preventing the use of grain et al as an economic unit.

Gold has been used as an economic unit since antiquity because its low elastic supply render it a fine natural approximation of a unit, but it still possesses elastic supply, bitcoin surpasses gold primarily by possessing perfect inelastic supply, while network effects keep BTC ahead of newer imitations as they fail to improve on the systemically important properties of bitcoin.

>>60621140
Monetary expansion is necessary under debt-based fiat as more money is always owed than exists, money stock has 2-3x every decade since ‘71 and this trend will continue unabated as it is required for fiat to remain solvent

>>60621285
>more money is always owed than exists
fiat doesn't require this, it's just the current setup because the system is rigged for the rich
a government treasury can print fiat and give it to people as free welfare rather than letting banks lend it out for interest

>>60621062
Why did he lose his arms?

>>60620606 (OP)
Your broke tears are delicious

>>60620606 (OP)
The idiot that started this thread watched bitcoin go from $1 to $119000 over many years and never bought any.
If you wonder why no-coiners are so salty, it's because they know they missed out multiple times on the chance to become rich simply because they are too stupid to admit that they were wrong and stock up on bitcoins.
It would be sad if it wasn't so god damn funny hearing them screech, reeeeeee and post the same bullshit, time after time after time.
Don't ever change Salty.
Don't.
Ever.
Change.

>>60620647
Good luck waiting for that over 20 trillion market cap.

>>60620675
don't be a retard, you should put every penny you own into SUPRA, it's dwelling at ATL as it stands

>>60621353
>fiat doesn't require this
I specifically stated that this is a property of debt-based fiat, like USD

>>60622085
@$1m BTC only needs $164bn in annual inflows to offset current subsidy. To put BTC into perspective: $270bn of gold is mined every year, gold market needs $270bn (~$250bn sans all functional demand for gold) in net inflows every year just to tread water. Bitcoin subsidy halves every 4yrs, so net nominal inflows necessary to support a given price also half every 4yrs.

>>60621079
>You just don't learn lessons from others, huh? Low consciousness hylic.

>>60621247
>This massively increases the efficiency of economic calculation.
100%. Under BTC people won't do flailing stupid shit like start some doomed to fail startup or fast food franchise, or buy houses to rent out. Unless you're making a profit in BTC, you're not being productive.

>>60622990
Yea but imagine I'm bigger than you and in your fucking face
{reality}

>>60621847
sold them to buy more bitcoin

>>60620606 (OP)
>>60620732
you had 15 whole ass years

>>60623736

>>60623797