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.