>drops 40% at the first signs of a possible recession
MUH STORE OF VALUE LMAO AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA I CANT BREATH AHHAHAHAHAH YOU'RE ALL SO FUCKING RETARDED LMAO
Drops 40% at the first signs of a possible recession
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We will forgot about cryptos in 10 years
Yep so it turns out its useless. Might as well buy stocks
it's obviously the result of manipulation by whales and market makers. BTC is coming back, now is buying opportunity
>the biggest bear stock market has come
>"now is buying opportunity"
kek
I don't think BTC will ever make a new ATH again.
Everyone knows the real reason for the dump today is because sha256 encryption has been cracked
It is a store of value. Never claimed it was a consistent value lol
DELET THIS
link?
time to buy
press S to spit on cryptofags
>Might as well buy stocks
KEK
It's unironically over.
Tell me how much they fell in comparison
KEK
and tell me how much btc actually stood its ground against it
KEKEKEKXd
S
>KEKEKEKXd
You want to know how I know you are underage with a net worth of $1,000?
Bitcoin is actually still up from last year March. Stock literally got wiped out and is in negative gain in the same timeframe.
You want to know how I know you're projecting, wrong, and too brain-dead to detect the simplest of ironic sarcasm?
16 years old is my final answer. Deny it all you want.
>BTC dumps to $2k
>Bitcoin is actually still up from January 2017
>BTC dumps to $500
>Bitcoin is actually still up from January 2016
>...
You mean gold and fiat
I don't have to.You're incorrect and you're fucking retarded.
Stocks went back about 2 years so far, have the fed to pump it, bitcoin went back 3 years to 2017 once again in light of a maybe recession what it literally designed to hold up in.
You just did, you fucking high school level brain.
Store of value. Where is the store of value. TOILET PAPER IS STORR OF VALUE
Wat
ROUND TWO BITCHES! DOWN THE TOILET IT GOES! CAN YOU IMAGINE NEXT MONTHS WHEN HUNDREDS OF THOUSANDS OF PEOPLE ARE DYING BTC BACK TO 300 USD AGAIN?
its the oil war between russia and opec. energy is too cheap right now. btc price is linked to energy price.
go figure.
LOL it would be at zero $ if that was the case
NOT AGAIN NOOOOOOOO
i'm not him but here
threatpost.com
You don't even have an argument other than
>I think you're underage because I'm very, very stupid.
I expect nothing less from a trip-fag possibly using a vpn
fuck off retard.
toilet paper factories are in for a rough time. people wont need to buy new toilet paper for the next 2 years minimum. what will they do in the meantime?
print money
Sha256 is a hashing algorithm, not an encryption scheme. Bitcoin makes very little use of encryption, which is (mostly) based on the Secp256k1 elliptic curve. Secp256k1 is mostly used for signing and verifying signatures.
welcome to the bitcoin ride
meanwhile, QE5...
>You don't even have an argument
Yes, you keep arguing with people your whole life, especially online, see where that gets you kiddo.
>it literally designed to hold up in.
no, it's designed for a monetary crisis and this is just a panic. we'll get a monetary crisis soon, don't worry!
"Unlike fiat currency, cryptos are recession-proof maaaaaaaan *rips boong*"
based and knowledgepilled
>threatpost.com
thanks! interesting but not a big deal for btc.
kek
Shut up you fucking idiot. Jesus Christ.
I wouldn't count on it, they could easily switch to a gold standard(unlikely) if it ever got that bad. If it can't withstand a measly panic do you expect it to hold up in a real crisis? Monetary or not
I was just trying to convince a dude here that crypto is a 100% speculative investment, not a hiding place for recessions. He refused to believe it and even said alts were even more resistant to the blow than BTC. I can't imagine how much money he lost today lol
The USA doesn't have any gold so I wouldn't expect them to go for a gold standard.
>Shut up you fucking idiot. Jesus Christ.
Crypto is a joke lmao
Imagine believing this in 2016+4...
Imagine thinking a completely speculative asset with no inherent value was safe during economic downturns LMAO!
Crypto is trying to be gold when we already have gold.
Good luck with that retards.
See you guys at $3k, gonna buy so many buttcoins
BTC duplicates every upside of gold (except for using it in industry, kek) while vastly outplaying it in every way, plus it adds enormously important improvements.
Gold and BTC compared is not even remotely a contest. The only way Gold wins that comparison is if you believe having a stack of metal is inherently better than having a stack of data on a storage apparatus.
Coronavirus-related production deficits are causing mass liquidations and panic sales. The Stock Market is feeling it, the Crypto market is feeling it, and we'll all be feeling it too.
>I still can't make an argument
if every boomer on their Corona deathbed decided to use their accumulated wealth to buy cryptoz maybe we could forgive them
Is this the digital gold you all have been telling me about?
come on, get below 3600 so i can scoop you up BTC
Gold can theoretically be made in a lab and is in infinite supply. Bitcoin is not. though i must say it doesn't look like it matters with how fragile to panic its been.
>200MA breaking
LMAO
do you think bitcoin can go back to the hundreds?
>Gold can theoretically be made in a lab and is in infinite supply.
Holly shit. What a fuckin idiot.
if we close below it its unironically over. bitcoin has NEVER in his ENTIRE HISTORY close below the 200 week MA. the panic of closing below that will be fucking insane
The kiddo who just said "shut up you fucking idiot" is talking about some arguments.
Bitcoin isn't special though. There are thousands of crypto coins just like BTC and an infinite amount of similar block chains can be made.
As far as Gold being made in the lab, I'll believe it when I see it.
all I know is that when the economy recovers, bitcoin will skyrocket because of the halvening having occurred when all the people who panicked go back to re-buy BTC
what does MA stand for? is that the Mac Donalds standard? if bitcoin closes below the price of a Big Mac then people start to panic?
but user, you're replying to a classic Yas Forums meme shitpost.
oh no aaaaaaaaaaaaaaaaaaaaaaaaaaaa
>As far as Gold being made in the lab, I'll believe it when I see it.
This is a well known fact that this is possible, do your research. It's not commercially viable for now because it's cheaper to mine, but if the price increase enough or new methods are invented it could become an industrial process.
theoretically one month from now hundreds of thousands of people in the Western world dying, what would be price of bitcoin? can it go back to 300 USD?
>threatpost.com
sha-1 is not sha-256
if you find rock and you take rock and put yellow paint on it, is that gold too? can i make gold?
But there's only one bitcoin. The first, oldest and most worked on chain. And right now because of it's liquidity, if it ever loses the #1 spot it's dead. It's a shame it can't hold up for shit. I wonder what will happen to gold when they start digging out asteroids
What is the 200MA? 5000?
Based if true
it's easy to crack 256 using quantum entanglement technology
I think one big mac is about 5 dollars? so 200MA would be 1000 USD, still a lot lower to go before we hit the 200 MA!
5500
Think it's $5500 and we'll soon plow through it.
Buy again at 2k.
5500
It's pretty clear at this point that there won't be any more greater fools than in 2017.
where do you guys buy your Big Macs? if you say 200 MA is 5500 then one Big Mac standard is 5500 divided by 200 about 27 USD!
boomers can't wait to buy our shitcoins!