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8896907 No.8896907 [Reply] [Original]

Wow the bull delusion is off the charts. We will probably have a mini rally to late 8k ? 9k but this shit will dump. If you think we had a trend reversal, you're a fucking permabull retard.

>> No.8896920

Why's that, anon? Did you sell the bottom again?

Sentiment is amazingly good for crypto rn, in terms of tech adoption AND investment opportunities. And we are only just above the low point. Great time to get back in.

>> No.8896927

Yeah I think you're emotionally invested. Get past your ego, retard.

>> No.8896942

>>8896920
your sentence explains how retarded you are. 99% of this board acts on "beliefs" not reality

>> No.8896950
File: 79 KB, 1280x720, bcashhh.jpg [View same] [iqdb] [saucenao] [google]
8896950

>>8896907
you're a fucking PERMABEAR retard.

>> No.8896960

>>8896920
No its not you fucking idiot. Nobody is going to be buying this at 9k, they already got bull trapped 3 times in the last few months. the volume already drying up.

>>8896927
I'm not emotional at all, I'm going to tether up once i feel btc is running out of steam. I'm expecting a dump so I can risk manage, I'm not a retard who thinks the trend suddenly reverse because of a violent pump which was mostly caused my shorters.

>> No.8896979
File: 176 KB, 2136x672, 7968964.png [View same] [iqdb] [saucenao] [google]
8896979

you're not wrong about btc we won't know until may 15th if it will reverse
but every alt coin has broken downtrend and they all look like at least 10x by may 15th
I'd say btc will actually die quietly in may. No one will care because they'll have gotten rich off alts

>> No.8896990

>>8896979
You do realize btc dumping means people will sell their alts too? And some will be cashing out alt profits adding on the selling pressure.

>> No.8897016

>>8896990
btc has been dumping market share since march 2017

we're going to see consolidation back into one coin by 2020 which will be the greatest bull run imaginable

>> No.8897042

We were at way over-valued in December but now we're back to normal, rational prices. Things will go up from here. Normal people and institutions will treat the crypto market like stocks. Why do you think Coinbase wants to be SEC regulated so badly? (And they will be soon)

>> No.8897091

>>8897042
We're still overvalued.
>>8897016
Wouldn't be bullish on Crypto long term til we see useful dapps

>> No.8897104

>>8896907
We literally had the most textbook falling wedge reversal and are in the process of painting a bull flag. BTC will hit 9k in the next week

>> No.8897125

>>8897104
That's why I said theres a chance we rally to 9k but nobody is going to be buying at that range and once the whales realize this, they'll drop this shit back to sub 7k and bull tards will be trapped again

>> No.8897140

>>8897125
That is a damn nice crystal ball you've got there. Where can I get myself one?

>> No.8897164

>>8897140
Just be prepared bull tard.

>> No.8897174

>>8897091
dapps are a joke the revolution is freedom from central banking

>> No.8897213

>>8897174
Sure but most peolle actually prefer to keep their wealth in banks than in a blockchain including me. if you think crypto is replacing fiat, I have a bridge to sell you

>> No.8897327

>>8897091
Dapps are just the surface.
It's all about a new world wide decentralized liberal economy where everybody has a chance to participate on equal terms.
It's not about making buying your groceries more convenient.
The next economic downfall will reveal if crypto will make it. There's no soft path to taking away power from those who have it.

>> No.8897346

>>8897213
Normal people will never trust a currency backed by nothing. No guarantee that your money will be nice and safe. But.. I'm still bullish on crypto as a speculative investment.

>> No.8897354

>>8897327
there will never be equality, liberal economy, freedom. delusional cuck. if crypto and decentralization gets implemented it will be for easier global financial, economic control, data gatehring and ai training. power will never return to people

>> No.8897367

>>8896920
Kek imagine being this deluded.

>> No.8897369

>>8897354
some will come to us retards who bought memecoins early though :)

>> No.8897371
File: 13 KB, 590x352, enslavement.png [View same] [iqdb] [saucenao] [google]
8897371

>>8897346
usd is backed by nothing
worse than that it's literally designed to loose purchasing power at a rate so most people can never stop working

>> No.8897448

>>8897354
The people will be more responsible for theirselves and have more opportunity. Welfare is buy-buy and becoming homeless is a reality if you're a piece of shit.

>> No.8897475

>>8897213

I personally see crypto as international currency, aka you can go anywhere in the world and not get raped by exchange rates because all touristy hotspots are going to accept Bitcoin (Cash) payments.

I'm not one of these delusional faggots who think banks are going to disappear, having said that, some shithole countries may start depending on crypto to stabilise their economies.

>> No.8897677

>>8897371
What is gold backed by? It's shininess?

>> No.8897691

>>8897677
Supply is limited and becomes more difficult to mine with time. All materials degrade relative to gold making it the value datum
Other properties like fungibility due to its extreme malleability

>> No.8897706

>>8897691
Chemically inert ie doesnt change with time, making it something you can measure value with over time

>> No.8897717

>>8897691
>Supply is limited and becomes more difficult to mine with time.
My shit also has limited supply, that does not make it valuable. Gold is a speculative bubble lasting thousands of years. It's industry use would perhaps justify 1/10th of the current price.

>> No.8897736

>>8897717
no, the amount of shit produced depends on the amount of nutritions you consume, but with several billion humans and other life forms producing better shit it has near infinite supply as long as their is life

>> No.8897747

>>8897736
But my shit is special.. like gold. Somehow.

>> No.8897750

>>8897717
All things degrade realtive to gold it is the only sensible way to measure value over time. That is the reason gold develops as money in all civilizations independently.

>> No.8897756

>>8897747
I would need a list of all nutritions you ate over the course of your life, also full access to medical records and, are you able to produce at least half a ton of shit in a month?

>> No.8897774

>>8897750
But why is that? Because people speculate on gold being worth more in the future than it is now. Which is fine of course, but that does not make it "intrinsically valuable" (fucking hate this nonsensical term), as some people love to argue.
>>8897756
>are you able to produce at least half a ton of shit in a month
No, that's precisely what makes my shit valuable.

>> No.8897783

Why don't you guys just buy OMG?

>> No.8897826
File: 22 KB, 590x342, SP500-1880.png [View same] [iqdb] [saucenao] [google]
8897826

>>8897774
no all things degrade relative to gold because of physics. There is no other material in existence with the properties of gold

Civilizations that possess the knowledge that gold is the only way to measure value have the massive advantage of pricing things correctly which is the same as saying allocating resources correctly.

to illustrate the power of pricing things in gold look at pic related an then look at the sp500 priced in usd

>> No.8897855

>>8897826
>no all things degrade relative to gold because of physics
No, brainlet. They don't.
>There is no other material in existence with the properties of gold
Just like there is no other material in existence with the properties of xyz element. The fuck is your point? What I'm saying is clearly not getting through your thick skull.

>> No.8897859
File: 19 KB, 918x538, s and p gold.png [View same] [iqdb] [saucenao] [google]
8897859

>>8897826
the tops are described entirely by exponential growth
but only when priced in gold

>> No.8897873

>>8897855
put every element in existence on a table an wait a billion years gold will have change the least

>> No.8897876

>>8897774
Not in the case of shit. What is interesting in shit are the elements it is composed of. And in addition, the barrier of entry to produce shit is too low in comparison with gold and crypto

>> No.8898093 [DELETED] 
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8898093

>>8897859

>> No.8898109

>>8896960
Your right no one is going to buy at 9k. But people will begin to see the light in other alts. Thats what is happening now. Your dinosaur coin is falling out of favor, it would be wise to stop using it to evaluate the market. Protip: Soros owns 0 bitcoin. In fact, he is probably shorting it because he realizes it has absolutely 0 use.

>> No.8898134

>>8898109
so cute

>> No.8898265

>>8897859

what are the vertical and horizontal titles?
CAN someone explain this graph to a brainlet please?

>> No.8898293

>>8898265
vertical axis is gold ounces
bottom is days

see>>8897826

exponential growth models https://en.wikipedia.org/wiki/Exponential_growth

fiat currency is useless as a measure of value over time because it is not independent of time

>> No.8898550

>>8897475
>Bitcoin (Cash) payments
merchant adoption has been glorious to watch

>> No.8898567

>>8896942
You mean like your belief that it's going to continue dumping?

Get rekt nocoiners.

>> No.8898903

>>8897091
You are a faggot.
>inb4 I sold at 20k
>inb4 you claim to know the future
>inb4 muh overvalued coins

Not even in crypto. You just come off as a fag.
You don't know what's going to happen. Stop acting as of you do.

>> No.8899000

>>8897677
Gold is bright and shinny so women like it. It is scarce so women like it. It doesn't tarnish so it is easy to maintain.

>> No.8899063

>>8897213
>be me
>16 year old
>have a savings account my dad made
>ask dad if i can buy crypto in 2016
>buy it
>get rich
>spend a bit of btc on porn etc. because nothing else you can spend btc on
>late 2017 comes
>my bags are fucking mooning
>cool.jpg
>want to cash out
>get stumped by traditional banking...
>literally so fucking complicated
>discover i need telephone authentication number
>need an HSBC electronic key
>need 2 passwords (one 4 digit numerical and one longer one)
>set it all up
>finally.jpg
>set up account w/ coinbase
>withdraw money
>try to spend money
>forgot one password
>fuck.png
>try to call help desk
>get redirected to some pajeet who i can barely understand
>need telephone authentication number
>forgot telephone authentication number
>fuckmylife.jpg
>reset that
>reset original password (cant use my normal password because password needs to have like 6 digits, 4 uppercase letters, cant be common words, and needs "special characters")
>reset it
>want to "wire" money
>takes like 10 minutes of faffing about to even send
>fuckingchrist.gif

On top of that, I now have to pay taxes, I cant spend money on things without big brother (the bank) watching over every transaction I make unless I use cash - but then I can't send money abroad or I have to GO IN PERSON to buy something (literally wtf.. this is 2018 no one uses cash anymore). I also had to wait like 30 minutes for the money to even transfer accounts... Who the fuck uses traditional banking. only fucking boomers will ever use this piece of shit technology. The ironic thing is `centralised` systems are mean't to be more efficient.

Sending bitcoin:
>create wallet
>get one password
>scan QR address or copy-paste address
>send bitcoin
>done

>> No.8899122
File: 271 KB, 2115x1271, Screenshot_20180414_164237.png [View same] [iqdb] [saucenao] [google]
8899122

We are still very much in the bear channel.

>> No.8899161

>>8899122
artificial lines drawn on a price chart
poor fool

>> No.8899191

>>8897042
Its up 8 times since last January, how is that in line with normal, rational growth?

>> No.8899201

>>8899191
More and more smart people understand what it is all about. Do you see the Winkle twins sell all their btc for some random alt coin or FIAT. Do you see old money purring liquidity into classical banking? No

>> No.8899218

>>8897873
>"What is bismuth"

>> No.8899236

>>8896990
No, not anymore. People stopped caring about BTC price a long time ago.
BTC will be probably ~ Rank 5 around EOY.

>> No.8899257

>>8899201
That's why we're all soon gonna love lyrics like this:
https://www.youtube.com/watch?v=PUgD1RWw-8w

Crypto craze just only begun...

>> No.8899351

>>8899161
bitter butthurt from a bagholder
poor fool

>> No.8899376

>>8899351
>t. 2017 investor
you will understand in 2019 at latest

>> No.8899420
File: 83 KB, 1000x1000, 1517077855975[1].jpg [View same] [iqdb] [saucenao] [google]
8899420

>>8896920
>Sentiment is amazingly good for crypto rn
>Great time to get back in.

>> No.8900021

it's already struggling to hold 8k.

Nobody is buying BTC even at these prices. You need whales to push this and I'm pretty sure they are just trying to trap longs.
>>8898903
What?? I'm just trying to be rational in this market and preserve my capital. I never claimed to know the future but I am expecting a dump so I am preparing for it. If it doesn't come then that's fine, I can wait for a better opportunity. I'm not in a rush to make money, that's why I don't chase all these meaningless dead cat bounce that all you bulls do.

>> No.8900075

>>8899063
If you forgot your bitcoin private key like you forgot your bank password, you'd never be able to retrieve your funds.