Seriously, guys. BTC just proved by example that it is literally nothing but merely an internet meme coin without any other intrinsic value or use, aside from being a speculative asset.
Chainlink is even worse - a pre-mined shitcoin with centralised issuance and zero use with bunch of unqualified retards cosplaying a "project" for a few years with literally zero output, except memes, of course.
Stonks (AMD, Intel, Google) would rebound easily, but these Ponzies are literally imploded right before your eyes and shat all over fucking marines lmao.
Is this a religion of some sort? Do retards really *believe* in crypto? Do the *have faith* in it?
Yes, Chainlink is a cult, nothing to see here. But why buy it now?
Because whichever way the market goes, in 5 years I'll either be a millionaire or a hunter gatherer
Alexander Sanchez
>What is the 300W MA
Julian Turner
But crypto aren't stonks and this is the fucking point. Crypto is backed by nothing, so no way to "rebound". Like tulips.
Tyler Russell
fiat and stocks are backed by the trust in the gov. so also backed by nothing xD
Andrew Sullivan
>an internet meme coin without any other intrinsic value or use, aside from being a speculative asset. lmao everyone already knew that you retard
Adrian Morales
something that has literally never been tested before
Colton Butler
Bitcoin has dumped 40% while the DJI has dumped 30%. This dump is solely due to liquidity concerns, everything is getting sold off. It's obvious that bitcoin would dump harder in such a scenario due to it's low market cap.
But Bitcoin has alot of things going for it still, the fundamentals haven't changed, it's still a hedge against HYPER INFLATION, not stock market hyjinks.
The moves are also hyper exaggerated due to the insane amounts of leverage in this market. But 1btc still = 1 btc and when the government printing presses really get pumping bitcoin is going to be a solid hedge.
>who the fuck is buying Newfags that already missed out on the real moon missions of days past
Henry Myers
If only people knew how good things still are...
Caleb Lewis
Stocks are ridiculously overvalued. The real standard of living hasn't gone up in 30 years. So unless you're expecting it to crash back to 1980s level then it's for the same reason that stocks are going up.
Easton Perry
What hedge you retard? Against what?
The hedge against hyperinflation is the fucking United States fucking Dollar. This is precisely why oil is traded it it.
Of course, no one cares about third-world shitholes like fucking Russia or Iran with their local currencies. They may hiperinflate as much as they please.
Nicholas Watson
who cares about boomerstocks linkies are one of the most undervalued assets im buying
Joseph Gonzalez
>The hedge against hyperinflation is the fucking United States fucking Dollar.
we are literally just in the early stages of this crisis. This wont even peak till at least late may to mid june according to most models... so about 3 months, in exponential fashion
Given the growth rate of the virus the amount of raw insane news yesterday will be coming in 10x harder in another 16 days and 100x in a month
At the end of 3 months... this will be 1 million times worse, assuming humanity doesn't manage to flatten the curve of this thing... and even if they do flatten it, it will just prolong the economic/societal misery.
Get ready for the most insane thing we have seen in centuries... if not ever.
Seems like this nigga gets it. Newfags manipulated by market-makers like Cuckbase and Binance.
Btw, Cuckbase might not even survive another crash, back to 2k let's say.
Nathan Taylor
CB is a +150$ premium on BTC it's literally normie fomoing to buy the dip right now euro pair is a +300€ premium
Hunter Carter
>pumps while bitmex is down and Coinbase was having some trouble early this morning >Americans aren’t even up yet >low volume And yet people still think this bulltrap is actually bullish kek
Jonathan Ortiz
>or a hunter gatherer aka hobo
Evan King
> according to most models
Long run modelling is bullshit and digital astrology. No one could have modelled yesterday's fucking selloff, leave alone things like fucking Trump and his travel ban.
Models are nothing.
Owen Cox
>cult >but why buy now? You answered your own question. We are all people that didnt want to buy stocks at the ath and so looked for crypto. Now, we hold heavy bags
Luke Cox
Pretty sure he was talking about corona and not the markets
David Wright
>This is precisely why oil is traded it it. Ever hear of gold? Btc is basically a better version of gold. Only reason why it's not holding as well is due to the small market cap
Which means that the whole concept is flawed abstract bullshit, just another meme.
If something does not walk like a duck and quack like duck...
Lincoln Richardson
BTC dump happened in 3 hours and was orchestrated by a Chinese ponzi that had massive btc holdings equivilent to 1% of total btc.
Matthew Flores
Source: straight from your ass.
However, what has been proven is that it is not immune against such kind of events and therefore is nothing but a meme.
Owen Bell
Because gold is used as a peer-to-peer currency
Lincoln Cooper
>buying cheap >bad Pick one, we know market is manipulated, but everyone is free to do it You don’t want to lose money? Stay far from margin trading, it’s that easy
Carson Bennett
You are a stupid nigger and you will die poor. The transactions are public.
Adam Harris
Simple, this is either the beginning of the end of civilization - in that case, my money doesn't matter much in a couple of years
Or, this is the chance to build generational wealth.
Hunter Roberts
Not even in India, lmao. In India it is a store of value, not a currency.
Mason Ward
Whose? Binance's 2 billion volume of yesterday in the BTC/USDT pair alone?
Ryan Moore
No, stupid nigger. The Chinese ponzi which sent millions of dollars worth of btc to mixers an hour before massive market selling occurred at the same time across four exchanges linked to Chinese customers.
Brandon Garcia
funny line goes down i buy up it goes i sell i don't know whats happening but my money will be multiplying love you guys
Nathan Martin
Only retards still hang on to the BTC muh store of value/currrency meme. This zero use case shitcoin needs to die already as bearish as that sounds. The only horse worth betting on is Chainlink and anyone who disagrees is a 20iq mouthbreather and can go fuck themselves.
Gavin Roberts
Sources other than retarded conspiracy theories would have been highly appreciated.
Anthony James
You were already instructed to die poor. DYOR, or feel free to continue to whine on an anonymous imageboard.
Carson Martinez
>TC dump happened in 3 hours and was orchestrated by a Chinese ponzi
ah yes they will purposely market sell, reducing the value of their own assets, rather than slowly offloading them make perfect sense
Chase Miller
Plot twist , Bitfinex works together with the Plustoken scammers.
Nathaniel Reyes
>The only horse worth betting on is a shitty preminted erc-20 token, 66% owned by the creator YES
Tyler Hall
Why, yes. Link is unique phenomenon, something like real internet cult together with some meme stocks, like runscape gold, but "for real".
This shit is first of its kind, self-sustaining and will die hard.
Robert Hill
you can't really blame them tho I mean ETH managed 3000x in 2.5 years while having no supply cap and 90 million pre-mined coins it should have never happen and yet it did, after that any blatant scam can be expected to moon too
Cameron Price
Meh, we survived the Spanish flu just over 100 years ago, it will suck, but life will move on and we'll adapt. Also, tons of old people dieing off would free up and make our health care cheaper along with helping social security, so for me, this seems like a good thing in the long run.
I also own guns and stock up on water, it's a regular thing for me since I'm a /k/ammando, but I think you have the right idea. Let panic set in more. Just sucks since I have money and people are already in panic, seems like such a good time to buy and make a quick buck.
Kayden Davis
Hedge against banks falling and bail-ins. Where is your dollars when the bank shut down. Happened in NL in 2009, some bank went down and a lot of boomers lost their savings.
Henry Brown
>Hedge against banks falling if the whole economy collapse your shiny rocks and digital memes will be worth zero too pic related is the only edge against total civilization meltdown
Banks failing isn't total civilizational meltdown you retard. Like he said it has already happened plenty of times before. You didn't even notice because civilization barely changed at all.
Lincoln Ross
hoeg
Chase Harris
People in countries that have faced hyperinflation in the modern era have always looked to Bitcoin when times got tough. People who live in the first world have a hard time appreciating the benefits of Bitcoin's decentralized nature, because they've never had to use them. There is tremendous value in operating outside jewish banking that become clear upon system failure.
Benjamin Butler
>The moves are also hyper exaggerated due to the insane amounts of leverage in this market.
I liked @SBF_Alameda's take on this yesterday. He noticed that the market started to recover the moment Bitmex went down yesterday, and he theorized that Bitmex's liquidation engine got in a nasty feedback loop that would have pushed price to 0 had they not halted trading for a bit. Bitmex said that hardware failure caused their system to go down, but Alameda wasn't so sure it wasn't a deliberate action by Bitmex to stop the bleeding.
Michael Collins
> The real standard of living hasn't gone up in 30 years
What is internet, cell phones, computers, smartphones?
Jason Sanchez
What is really ironic is that it probability was a software issue due to extemely high traffic they cannot sustain.
Bitcoin is bullshit but has been saved by a glitch lmao.
Blake Johnson
crypto is bound by technology and a thousand nerds running their computers. It was extremely valuable once and honestly people will never forget the hype, goldrush, crypto millionaires, etc. Btc will forever have some kind of value.
Jace Murphy
> crypto is bound by technology and a thousand nerds running their computers
That was 2013. Now with tether and binance it has almost nothing in common with that. It has been evolved into a speculative Ponzi on which market makers are making billions.
The phenomenon itself will be in the history books, of course.
why do you care if you already made up your mind? go fuck off to /r/personalfinance you fucking dickless boomer pussy
Landon Brooks
Yeah because Greek and Latin will really help you out in your career...
I'd love to see what a student from the 1920s has to say about AI studies, avionics, nuclear studies, and many many other careers that they wouldn't even have dreamt of, and see how much their knowledge in "classic literature" helps them understand them.
You dumb nigger
Jacob Harris
I really curious and want to understand this particular idiocy.
It is so obviously that this shit will continue to fall back to zeroes as virus panic intensifies, that I literally have no idea what kind of fucking imbeciles are buying.
Dominic Jackson
Technology alone doesn't make life better especially when it is used in the service of a ZOGged out world.
Nolan James
Maybe it's smart money that is buying after a successful defense of the weekly 200 SMA.
Ryan Cruz
It used to be $1, brainlet. ONE. DOLLAR.
You think all these twitter dudes are in it because they're making money? Gotta keep the ponzi alive.
Buy Tezos and BDK (bidesk exchange token). That's it.
Blake Walker
>be a millionaire or a hunter gatherer Why not both? You would have more than enough money to afford a collection of crossbows and gears.
Carson Harris
ive read this FUD 100 times now, nocoiner. For the low cost of a couple thousand dollars, you can make a bet that if you're right, could payout millions. we're simply taking that bet. now go back to wageslaving
