Why Bitcoin Is Not Working (Video)
 

I actually watched the whole video :) tks4 the share

The first crash last December (or so) was when Asian governments started banning crypto.

In Jan 2018, Peter Thiel put major bucks into a BTC buy, and day traders cashed out. BTC price went from $14,000 to $7,000.

After Peaks in Sept and Oct 2017, current prices are: BTC $7,000, ETH $402, and LTC $120, are now back to what they were 1 year ago.

If you have a Coinbase account, you can get realtime price updates.

The summer of love for cryptos has ended ...

wow that video was decent until they claiming the 1 flaw of bitcoin is volatility

also, bitcoin right now is doing everything it set out to do

yes ! making a lot of idiots poor and a few smart ones rich.

the dumbucks are the sellouts. remember... only sellouts at $6k are ppl who dont know trust or believe in future of the only non gv owned currency in the world

the bitcoin had its peak in november and december when it was almost everywhere to buy as a leverage product. every time you slip below 10-20% equity, new forced-sell-offs are triggered.

the last crash was already to 6.600 this week and that means that the new support line will be already at 6500 or lower.

but don´t worry - the good thing on it that the data sticks where the bitcoins are saved on will reach soon the value of 1 BTC :upsidedow:upsidedow:upsidedow

so ur care only is the price? the price is the least of btc value

question for u , do u find any value in btc? if so, what?

no i do not find any value in bitcoin or any other crypto currency.
there is nothing existing what i can not buy without cryptos and as i am not a gambler i also don´t speculate with it. IF i would do i would speculate on falling.

but for speculations there are already so many possibilities - we do not need another one what is additionally destroying the environment.

so NO - I do not see anything what is good for ME or MY FREEDOM.

but yes I can see a few aspects for the ones who want to make us to glassy people and this is why i believe that the blockchain technology will survive - but this is unfortunately more curve than blessing.

Volatility is a big problem.

Bitcoin might very well fail in the long run, but maybe this is just a stepping stone. I would like to see cryptos move from an investment/store of wealth to more of a currency.

I am sure they are still being used as currency on the dark markets. I wanted to buy some software that had a huge chargeback rate. With paypal the vendor was making me jump through hoops, I think if I had used bitcoin there would not have been a problem.

The genius bar is now open.

buy something your gov does not own, can you? very sad if cannot

i am still HODLing!

I did that on some computer company stocks about 15 years ago and that's part of why
I'm broke now.

:2 cents:

do not fall in love with a stock/investment....learn to manage losses and keep them as small as possible...

6500...dipety dip!

what about gold, silver, platinum, diamonds ???

Who has the ability to move a market hundreds of billions in less than 24 hours?

loool - i can sell you a lot of zeros and ones if you are interested. guaranteed not owned by any government.

but before you tell me how economy works think about how you want to get a bitcoin loan.

do you think that any economy would survive if someone said 2 years ago:
i will lend you 100 bitcoins - give me back in 2 years.

do you REALLY understand what that would mean ?

ANY economy in the world is based on lending money or information about a future production price. volatil currency is pure poison.
try this game with bitcoin and you will see how fast it will be fucked.

the problem of this "nice dream" is that only people with ZERO knowledge about economy are really believing in it. and yes - there are also some in the game who know about economy. they will have the money from the no-skilled players at the end.

so far so good and if someone knows that it is fine and have the same right to exist as las vegas.

but to tell people legends like "this will replace the real money" is a ponzi crime.
maybe you just should invest a few bucks in "economy for dummies" to understand WHY this can not work.

are those decentralized?
these are somewhere in between finite and infinite
3rd party necessary for these? yes

does knowing who make you a better trader? or investor?

"they" drive the price up, and price down... profit ability is there for any one of us.

For you gold investors, prop up your investment by spreading what's great about it, rather than taking easy cheap stabs at bitcoin

correct - and those materials do not only have a symbolic value. they have a value since thousands of years and even countries back up with them.

gold, silver and platinum is used in every smartphone - diamonds are used in laser technology and and in high-tec saws YES ONES and ZEROS are also used there but they are for free.

keep on dreaming.
the day will come when you will learn it.

You are reading and taking your false facts from wrong sources. The people saying "btc will replace fiat" are usually extremists.

Also, you are really trying too hard to be an economic strategist. Really man, this is GFY, relax.

If you cannot see just one great quality of Bitcoin, then you are surely biased or completely blind. Credibility lost. So now i ask you, name one good thing?

You're obviously into metals. Thus your reason for popping up in every crypto thread trying your best to bash it with your rocket science smartness :1orglaugh

chillout dude, your bias is noted, i understand your fight to protect your investment, but lets do it fairly without your lies (ponzi, and all the other bs you try spreading)

of course they are decentralized. How they would be centralized in your opinion ? Governments are afraid of gold, platinum, silver, diamonds for the same reasons they are afraid of cryptocurrencies like Monero.

3rd party neccessary ? of course is NOT needed, not sure why you think its needed for these ?

+ limited supply = just like minable coins

+, what makes them even better = physical (u may have them in your hands, if you dont trust computers) + not so volatile like cryptos, price more or less stable + perfect for storing value longterm + intenrationally reconized by everyone around the world since 1000s of years + dont need electricity/ working Internet

https://i.redd.it/erhrnjwqeue01.png

https://gfy.com/image.php?u=19815&dateline=1492208050

loool - usually i do not make my money with investments - i do it by simply working for it as long as I can trust my brain more than any "great opportunity".

when i was young it was different and I was believing a lot of that bullshit - my brain made it possible to get me back into a good life after i was ruined a few times from such opportunities.

so no - i do not have to fight for my investments at all - this is exactly what you do because when everybody would think like me your investment would be just what it is ONES and ZEROS.

be honest, you do not have any economic skills - you are just addicted to a sweat dream what is taking you from the reality. that´s one of the worst and most poupular drugs in the world.
no - i do not want to blame you for that because i was like that too when i was young (and i was young for a fucking long time).

there are only 2 things in the world what are need to survive:

1. empathy
2. logic

if you have this 2 things and maybe additionally a few skills you can survive without trying to make money from money because it can not work - it is illogical.

even when someone lends money for interest it will help at the end to produce something and THIS IS the idea behind money.

and now i will tell you what i see "GOOD" in it:

IF the crypto hype was an idea of the energy companies it was a good one FOR THEM.

Your claim is it isn't government/banker controlled. They are the only ones with that ability.

I made money. I won't stay in with the hopes they eventually quit manipulating it. Sure I could ride the waves, and I did for awhile until it became no fun.. Best to just walk away with my winnings and see where the dust settles. There are those who walked away up, those who walked away down and those who are "holding" up or down that will continue on gambling until the house gets whatever they want and then some.