Honorable Bitcoin

You got it all wrong. This is not about trading golden rules.
1. This is not a TA thread, this is a fundamental discussion;
2. Trading highly speculative shit like bitcoin can only make you a short time winner - also a golden rule.

BTW, there are millionaires in this world who got fleeced when the trend toward 20K has been blown up in dec. 2017
Sean Russell's life savings were among them.
...ask them about that strong friendship with that trend !

Bollocks!
Don't get caught in the hype as bitcoin hovers the high volatility zone !
Dump the bitcoin trash for real dollars !

Sure bitcoin can replace gold ...in a 1000 years
But you must be a stupid crypto dreamer to believe bitcoin will ever beat the dollar

The White Paper of Digital Gold

Bitcoin is a code and gold is a chemical element.
Apparently, they both can serve fine as vehicles for value.

They both are enough scarce, durable, divizible, more or less fungible, portable...

But... bitcoin might beat only the gold, not the dollar.
Because bitcoin is an awful medium of exchange.
Because bitcoin fundamentally can't scale.

Bitcoin is an extremely expensive medium of exchange if it goes globally.
A single transaction waste @740kWh, electric power.
Your two dollar coffee real cost in bitcoin would be like $150 ...fee is not total cost!... someone has to pay it all... ultimately, the "planet", ...making adoption at global scale impossible.
....Bitcoin just can't be global money.

Experts are aware that Lighting Network and contracts on PoS are lame surrogates, they are destoying the essence of the crypto philosophy.
Ain't gonna work. The crypto trilemma is fundamental, it comes with the blockchain, is forever.

Apparently, bitcoin can be "gold", but bitcoin and gold will never be like real money.
Because of the basic fundamental bouderies drawn by ... practicality.

Some other issues:
- 51% attacks can steal your retirement fund in bitcoin in a dark future when those attacks become more and more possible as the halvings are eliminating weak competition from small miners, leaving open ground for the big machines, rezulting crypto oligarchs, monopols, more centralization, ...a few bitcoin addresses already hold toghether much more than 50% of all bitcoin !!! ...hence risk of fake blocks, reverse protocol...
- insane volatility, bitcoin's price at global scale can't be 10 times higher than gold's just like a tulip bulb - no matter how special - worth just a couple of bucks, not a house mortgage.
- I will not add deflationist effect caused by the limited monetary supply because bitcoin will never be money at global scale.

Gold and bitcoin are already considered speculative financial instruments by professional investors.

I thought I told you so, uncle, didn't I ?!?
Wtf, doncha have any tech savvies there ?!?

Mind China, attacks, centralization, surrogate contracts, volatile crap ...crooks !

.......sell first !
Today.
You can be smart or cheat, but is a hell lotta easier to be FIRST !

Agree, bros !
But not so fast, not so fast... even if you set the tone, people need more time to chew the cud
Only dumb greedy wannabes follow trends blindly.
Give them time. Volatility is also not encouraging.

And where the hell that freaking $500,000 a piece came from, folks ?
I thought tulip bulbs for 10,000 guilders mania ended time ago !

Trust these guys !
Trust the Winklevosses ! They know better ! They will not miss it this time, Mark !
Jump in !!
Head first !!
Bitcoin at $500,000

Well, bitcoin will not beat the tulip bulbs, but, eh, you know, just take it as it is !

Sell your house and buy bitcoin now !
Move fast !
Don't think !!
It's a killer deal ! You'll get rewarded X50 ! Trust me !

Even if tomorrow bitcoin will skyrocket at 100K and remain there unmoved for the next 12 months, that in particular doesn't mean it really worth anything

For instance, after tulips became so expensive that the cost of a single bulb exceeded that of an average home, the price collapsed, and many investors went bankrupt

In 2008 "professional decent" investors from big investment banks bought frantically rotten MBS products... almost until the world finance collapsed

Why would we trust them now ?

Buy more !
Buy now !
Buy high !
This is going up forever !
500,000 dollars a piece it's just a minor halt.

1. Bitcoin can't scale;

2. Digital yuan it is likely to undercut demand for bitcoin and other independent cryptocurrencies.

3. China is growing stronger than the US and the yuan can beat the dollar;

4. Also, bitcoin's insane volatility is not appealing for the sane investors.

Damn, this cryptomonkey pulls out the best of me ...I need to repost that
_____________________________________________________________

If you guys are not sure about bitcoin, you can tell for sure that those bitcoin shills are liars.

- They say banks are ...centralized. Woah, that's criminal, isn't it ? Well, how about mining pools ...are they centralized ?

- Banks print?... excuse me, WTF miners are doing exactly ??? Creating crypto-shit out of the blue ??? Extracting codes out of expensive electricity ??? Well, that's something... awsome trick !

- Banks power, we desperately need for more financial freedom... What about crypto oligarchies, crypto loan sharks gangs, new hefty fees...?

- They say "no middle man!", ...well, whale speculators and market makers, miners, exchanges, exchange networks such as Visa, hackable device interface, nodes, watching towers... they are all between you and the blockchain ...and they are not quite trustless

- Safety ??? What about vulnerability to the 51% attacks because of disproportionated undiversified ownership in bitcoin ? ...not to mention Mt Gox kind of risk

- Transactions anonymity, ..cooool, let's imagine a global world where people don't need an identity card ...suuure, it's a total different thing, ...well, is it ?

- Electric power supply..... globally...

Crypto shills are hypocrits and lie about everything

BTW, I've said it for a million times that bitcoin cannot die
Oh, yes, I only tease those nkpmg crypto crackheads here and there, ...you know, I like how they pop

Although fundamentally vicious, bitcoin will never die, bitcoin will remain a marginal shit pool for rebels and iditos.

What, casino chips died ??? They never die !!!
They keep them for those addicted fucks ! ...different colors but the same shit

The same with bitcoin... anarchists, evaders, criminals, terorrists, guns, sex, drug dealers... A wonderful world of toooo many versions of darkweb

As the bitcoin bubble swells up on and on it worth to mention again that bitcoin is not money

CBDCs on the other hand, unlike crypto, are legal tender.
That's real money !!

What crypto has to do with digital fiat anyway ?!?

Whereas bitcoin can't scale (and off-chain compromises are vulnerable as any other e-cash outside the blockchain),
it can only serve as an alternative scarce commody to gold ...and that's it.

Bitcoin is not money.

Gamestop shows once again how deep is the hate against the powerful, the rich.
It's the resentment that possesses the rebellious losers.
Frustrated hurt losers always need to blame somebody else for their miserable lives, they never blame themselves.
GameStop gang war cry: "We can stay retarded longer than you can remain solvent"

Occupy Wall Street movement, ...same sort, all resentful pathetic losers.

The same with this crypto movement. "Fuck the government!"
But along with the regular financial retards, with crypto we also have frustrated anti-American governments, another kind of delusional losers blaming the supremacy of the dollar for their mediocrity.

Hurray, 50K !
I can't wait for those fanatics to come up with a perfect math demonstration on how this thing will naturally reach 1 million real dollars in a predictable period of time !

What's more funny is that bitcoin can't fundamentally change. That's a fact.
Essentially, the bicoin in 2009 is the same bitcoin today, in 2021.
What's the difference then, here, at 50K ? Awareness ? No shit !
For the wise people, it has always been clear that bitcoin is the most solid store of value ever.
But an expensive medium of exchange. Also extremely attractive for hiding illicit gains or an illicit financing instrument, ...or more interesting, an amazing libertarian tool.
You don't need to be a cyber expert to realise all that!

So, what's the real difference ...today ?
Herd mentality ??? Nice show, anyway ! Love it !

Well said, sir!

Look at his "aventurous" genius face ! Isn't it ...perfect !

Ok. Bitcoin cannot be the future of money.

The original on-chain version it's way too slow and too expensive for an extended global adoption.
The off-chain compromise is as vulnerable as any other e-cash.
Then the lack of reglementation makes it easy to be manipulated and extremely volatile.

Elon is a 16 yo. funny investor brain an illiterate in economics and finance.
But the world is not a casino... well, with so many bubbles I'm not really sure about that anymore
And a token is not a real asset. (bitcoin doesn’t even qualify as an asset)
And... it's obvious that bitcoin is just another bubble based on manipulation.
And... because of the anonymity of the bitcoin transactions, bitcoin can't be efficiently regulated, ...and that makes it insanely volatile, ...which also makes it an unstable store of value.
Only theoretically bitcoin could a be better store of value than gold. And that's because of its finite supply protocol and its presumed indestructible perennial character provided by the blockchain.
But manipulation and volatility overshadows its fundamental qualities.
Pump and dump volatility kills the essence..

Big issues !
And the worse is that because of the armor-clad protocol these are not the kind of problems that time and evolution can solve.

Bitcoin cannot be the future of money.

Anyone old enough to remember VHS vs Beta?No? Maybe Blu-Ray vs HDVD? Whatever the worse alternative between two technologies is, people (the masses) will always pick the worse of the two. That's what BTC is. We could have a sensible money system or we could have BTC. The people chose BTC. Now we have to figure out how to live with its limitations.

Idiot fallacies abound about bitcoin. Crypto cult morons use to compare an encrypted computer file with all kind of big inventions validated in time.
They use to go like, if putting a man on the moon seemed impossible once, but they did it somehow, it means that the pigs will possibly fly one day.
Or, if a small percentage of population smoke crack today it means that it's just a matter of time until everybody will smoke crack.
And bitcoin is not necessarily a motion pictures evolving toy, or the bulb next to candles.

What people chose the crypto trash? Stupid people ?
You turn 1000 USD into botcoin, Elon $1,5 bn.
Does it seem to you like "power to the people" ??? Duhhh!
From the retail losers it's pure hate against the banking system.
As Gamestop. Those retards took risk to hurt themselves only to be heard.
Now you want to kill the Feds and release the crypto private oligarchs and huge crypto monopolies
Same shit ...pure hate ! ..."justice" from hurt retards.

"Bitcoin was supposed to be the cryptocurrency for the masses"... maybe masses of criminals along with the naive anti-system dumb losers?
Bitcoin (the on-chain version) is so slow that it doesn't even qualify as a currency !! ...but yeah, it can still help criminals to transfer value, laundry dirty money, hide illicit earnings, finance terror...

It's obvious that crypto whales are steering the bitcoin price/bubble wherever they need in order to lure those naive dumb money.
Unregulated trash easy to manipulate. ...to the mooooon !
Only the blind can't see. The fanatics and the dumb.

"Crypto have given rise to an entire new criminal industry, comprising unregulated offshore exchanges, paid propagandists, and an army of scammers looking to fleece retail investors."

Good bye, clemmo !

The fool is saying that bitcoin shows now its greatness
...aaand the bubble swells more!

Everybody loves "professional investors", right ?!? They lead the way !
Weren't they the ones who bought those toxic MBS products in 2008 without asking themselves what the fck are those products as long as there's another guy eager buy that toxic stuff ???
Buy it, as long as there's another greedy moron who will buy more without asking himself what really is that stuff as long as it grows like hell !

Bitcoin is just some other kind of worthless trash people use to play "hot potato" with... throwing this "hot computer file" from one to another ...until everybody will realise that is just an empty code ...and the bubble will explode