Thread 60622651

God it’s so annoying. It’s the biggest “I told you so” I ve been waiting for in the last 7 years.
At the same time I feel sorry for all those people who their lives are gonna be destroyed by it.Shit.

>>60622651 (OP)
I'm going to give you some advice. When the time comes that you really feel like it's appropriate to say "I told you so", that's exactly when you should be buying.

We're in the "I told you so" stage now, you're just on the wrong side of it

>>60622651 (OP)

Keep crying and stay sidelined.

>>60622651 (OP)
Reddit is leaking!

>>60622685
The best part is, I've told them that I turned $3000 into over $1,000,000. They refuse to accept this without "proof" but refuse to say what they would accept as "proof".

I'm now sitting on just under a 400X. If I hadn't had to cash out for living expenses for the past four years, I'd be nearly $200,000 richer, but I'd probably have died of exposure. Instead I'm just barely a millionaire now.

>>60622651 (OP)
You have to go back

>>60622651 (OP)
Quantum computers coming soon, then it's over.

>>60622708
Well done brother, no regrets, you gotta do what you gotta do.

I told you to buy. I told you so. But you didn't.

>>60622708

Congrats, seriously.

The moment institutions started seriously leveraging BTC was the moment it stopped being a speculative asset. There are Federal reserves across the world buying into it. Many financial advisors now recommend 1-3% of your portfolio in BTC. It's well past the point of just being an online experiment. Even if there were a sharp selloff back to 60k the amount of support it would receive would be palpable.

>>60623134
>financial advisors
The same ones that said it was a ponzy in 2013/14? Those experts? Kek

Stop buying the propaganda, make the money, convert to real wealth and be aware, when it crashes, it crashes.

>>60622729
Dullard. Bitcoin is already quantum proof as long as you follow decade old SOP and don’t reuse addresses, addresses are hashes of public keys not the keys themselves, you can’t crack a wallet (even with infinite compute) without the public-key, which isn’t exposed until spending.

>>60623211
>real wealth
1 BTC = 1/21m of BTC, forever. Realize how revolutionary that is, a trustless, fixed, autonomous, decentralized unit. That is what we've always wanted from money, it's why gold was used, because the natural properties of gold create an approximation of a unit. But gold isn't fixed in supply and is only trustless in physical form. As economies became more complicated gold needed to be abstracted rendering gold entirely trust-based, opening the door to corruption and the current sorry state of money.

What we want from money has always been the unit, by having an economic unit we reduce the number of prices from n^n to n. We cannot engage in complex economic calculation without a unit, but the units we've been forced to use out of necessity do not provide a clean economic signal, with a trustless fixed economic unit the efficiency of economic calculation is increased massively. BTC will continue to reward adopters as that is what the positive externality of trustless money yields.

>>60623230
Some of the earliest transactions were pay2publickey not pay2publickeyhash and so are in fact vulnerable to QC. What to do about them is a live topic of discussion on the bitcoin devs mailing list

>>60622651 (OP)
LINE GO UP FOREVER

>>60622651 (OP)
Never, because countries have now found a solution to the debt problem with btc.

>>60622651 (OP)
>Why won't you die!!!!!

>>60623266
>As economies became more complicated gold needed to be abstracted
Gold only needed to be abstracted so banks could counterfeit it. Banks will do the same thing with BTC when it benefits them.

>>60623230
Does this mean that if you want to take money out of a wallet, you need to move the amount to want to an exchange and then send the remainder to a new address since the original address public key gets exposed when you send to the exchange?

>>60622651 (OP)
>waaaaah waaaaah i never bought a single fraction of a tiny coin now im MAAAADD!!
keep seething.

>>60623832
If you want the adress to be quantum resistant then yes. You acan also send the remaiing amount in the adress to another of yours as to not use an exchange

>>60622651 (OP)
all you had to do is buy and hold. not cry on imageboard

>>60624188
>>60623230
hmm.. so does this mean if one wants to protect themselves from "muh quantum boogeyman" , they can just buy a brand new cold wallet, transfer everything they have to the brand new cold wallet directly, and just get rid of the old wallets?

>>60622651 (OP)
This is the last pump of the last cycle for btc. Saylors assignment was to pop the bubble just like he did to the dotcom bubble. He has enough power to do it now so I'd say it won't be long now.

>>60622651 (OP)
Have you ever heard the argument "number go up"? The point is that you're missing something about Bitcoin

hope it goes to zero that we can about normal /biz/ here again

guys, is it still worth getting into crypto today?

i feel sick to my stomach having missed all these pumps, sidelining and doing nothing with my cash.

can i still make it, or should i just accept that i missed the boat and try to start a conventional business?

BTC is backed by nothing, the only reason it's mooning elites need to park their getting worthless USD in the store of value and they can't moon gold and silver

>>60623266
>forever
Your beyond saving, buying the propaganda. Read the fucking paper, learn the math, learn how it's coded, learn how it works, not yt explanations, but how things fit together the code and the math.

There are no free lunches.

>>60623830
>Banks will do the same thing with BTC when it benefits them.
They already do that, it's called paper btc, all exchanges do, the fees are too expansive, and will only get more expensive as adoption increases and supply diminishes (halving), there are proposals to these problems, but they are proposals. Gamblers often don't fully understand what they are buying into and buy the propaganda as irrefutable fact.

>>60622651 (OP)
btc will outlive you

>>60622651 (OP)
>scam
what's the scam? we have BFT without trust, so we made a currency

>>60623780
and those are dead addresses
you can shor mine them if you want, it changes nothing

>>60624217
no dude, if you didn't reuse any address (no wallet does this) you've been safe from shor since the start

>>60624736
>store of value
you can't store value

>>60625885
>it's called paper btc
and it doesn't exist
the ledger is transparent and everyone knows how much is inside a CEX's CLOB
if everyone takes their btc out of binance tomorrow, they would have literally 0 issues

>>60622708
I just got a job in construction and finally have my first bit of money saved. Didn't have financially literate parents growing up. Could you tell me how you 400x?
Do I just dump some savings into bitcoin and wait like I would an sp500 account?

>>60623832
Yes, that’s what the change address is for, you always transfer 100% of an address when spending
>>60623780
As I said “as long as you follow decade ago SOP”, insecure wallets don’t break the network
>>60623830
Gold has been primarily abstracted since the renaissance, even modest sums in gold are unwieldily, imagine trying to trade in the billions with physical gold, it's abstraction was a practical necessity, but after trust is introduced corrupt will follow, btc’s intangibility precludes the necessity of abstraction

>>60625975
Kek, cope harder. Ftx

>>60622651 (OP)
Why feel bad for them? They're all in a cult, they're smart enough to understand maths and yet they support their own ponzi scheme, they're no different to fiat cucks, they all know the ponzi scheme is there but they want to be at the top of it because they think they all bought in early enough to profit wildly from baggies piling in to get rugpulled. They know and they want to rugpull people.

>>60622651 (OP)
kek

>>60625849
Which fork wins out, slavemind, 21m BTC or shitcoin-BTC? Price is a mechanical function of supply & demand, there are no free lunches, which is precisely why BTC goes to ∞ in-the-limit

>>60625885
Exceptionally dull. Even $100 average fees are low enough for petite usages such as retirement savings, and such “high” fees would be essentially free for macro usages.

guys he's quoting someone from the buttcoin subreddit

>>60624726
https://charts.bitbo.io/long-term-power-law/

>>60624726
is going up forever, laura

>>60622651 (OP)
Don’t worry bro, it’s going to end in the year 2017, you nocoiners promised us that was the top and it would crash to 0. So here we are at 0 all broke with our empty BTC bags just like you predicted.

>>60622651 (OP)
This is 4chan; you don't need to put asterisks in the word "fuck".

>>60627089
Yeah? What about fees? A person will pay 50, 100 dolars for a single fucking transaction? I dont think so, no idea what will happen, maybe paper btc will be introduced without changing the 21 or block size. I guess we'll have to see. What are banking on?

>>60627110
You do know what drives the price up right? If this becomes a giant only war? Then over in many different levels, for once what would stop the mega corpos in this scenario from forming a cartel and setting the price at will among themselves?

>>60623134
Wall street people are known for their low risk appetite and aversion to ponzi schemes.

>>60625979
You're not going to get a 400x in bitcoin at this point. A 10x from here would put it on par with global gold reserves.

>>60622651 (OP)
https://www.cyphertux.net/articles/fr/research/ecdsa-nonces-lattice-attacks-bitcoin-exploit

It's ending soon

>>60627507
you're not supposed to transact bitcoin, you're supposed to hold it until you die

>>60624726
DCA in BTC and you'll make it. Eth, sol, XRP, mnr, and all other TNN shitcoins will go to zero.

>>60626073
FTX was known to be engaging in sketchy reserve games, /biz/ opposition to ftx was not solely based on it being run by jews

>>60627547
Sadly the network was explicitly designed such that it dies without being actively used with fees in the dozens of satoshis per vbyte. To paraphrase Satoshi, either it was going to be widely used or not used at all, and right now we are in the second camp because Bitcoiners are convinced you are not supposed to use it as a currency...

>>60622696
Midwit of the decade award

>>60627573
Sure, after the fact 'everybody knows' just like everybody 'knew' btc was going to go to 100k, just no when, right?

>>60623211
>The same ones that said it was a ponzy in 2013/14?
Yes retard

>>60627539
They're known for playing games where they can write the rules. Doesn't change the fact even Wall Street has taken a bite


Volatile? Yes. Risk? Very high. That's different than being a scam like LINK

>>60624736
>backed by nothing
Is anything backed by anything but a handshake and trust me bro? In the time of economic collapse nothing not even gold is going to save you.

>>60627734
>In the time of economic collapse nothing not even gold is going to save you.
Gold has survived many economic collapses, it's the currency of choice. I'll take my chances with Gold over anything else.

>>60627547
but if its not USEFUL and it doesn't actually appreciate value, which you are just scamming other people out of value, then what is the fucking point? Other coins have lower transaction costs, are faster, and actually have some USE.

>>60624726
Yes just start buying now and don’t panic sell

>>60628148
>mfw actual brainlet
Nigger there are lost civilizations for a reason whole societies needed to be reinvented. By the time gold became another medium of value several generations had already gone by.

i.e. when society does collapse you won't be alive to utilize any of its benefit. You're going to be trying to figure out where your next meal is coming

>>60628449
I'll take my chances with gold

>>60622651 (OP)
>the last 7 years
>lives are gonna be destroyed
Yes, yours.

>>60623266
Great post.
But xrp actually is the best because it's efficient and fast as well as all the things here said.
>>60627582
They were convinced of that by it's total failure to become a useful currency though.
Kek
t. using as currency since $3

Brah. Buttcorn dropped to 117. Get the rope ready. It's all ogre. Should've sold while you had the chance. Next stop, 16k.

crypto never experienced a recession

>>60627609
>X of the Y award
This is such a gay, American style insult.

>>60622651 (OP)
MORE LIKE GEOTHERMALCOIN LMAOOOOOOO

>>60629733
240k next year this time, hodl

>>60628148
Gold is only going to be worth something after the collapse. during the collapse however, gold, silver and fiat, are literally worthless; a tomato is going to be worth a ton of gold; a gun, is going to be worth a ton of tomatoes.
you know what the WEF, elites, powers that may not be are cooking; will it happen? i don't know; is it likely? very

>>60633403
everyone ive ever heard talk like this is instantly going to get headshotted in the apocalypse. woah dude you knew that like guns are important even before this happened??? anyway heres a shovel, the outhouse is that way