Everyone thought is was the next big thing and now it’s dead.
You are right bitcoin is a good idea to do so much better than it is for
LOL @OP when bit coin comes up
Let's hope so
OP is such a loser. Buzz off
It’s up like 8x in the past year. You’re a moron
Coinbase made half their revenue last year in December. All the new believers got screwed
Lol at the fact that every believer here just asserts it will “go back up” - no argument for why - greater fool theory at its finest
But a lot of people made money during the boom. I'm still hodl but also have realized returns. It could all drop to 0 and yet I'd still have made a profit off crypto. Are you mad cause you missed out on easy money?
OP has missed out n now sour grapes- clearly
The other thing about bitcoin is that now everyone is obsessing over blockchain when a REAL revolutionary technology is happening - autonomous vehicles. Where’s the WaymoCoin, I would buy that
How is something that is up 8,000% dead?
It’s not like it’s a company that has grown revenues 8000%. It only went up because of greater fool theory and hype. Now it’s heading back to where it was at the beginning of 2017 when nobody gave a shit. And there is nothing to stop the price going to 0. No moat - someone can just make a better cryptocurrency. In fact there are already better cryptocurrencies out there yet bitcoin still has the most market cap. So arguments for intrinsic value are empirically bogus
Also treating something whose supposed intrinsic value comes from its ability to store value and enable transactions as a COMMODITY that is speculated on is quite bogus. The two concepts are diametrically opposed. The more volatile the price the lower the intrinsic value, so it basically makes no sense for the price to go up based on value thus only speculation and hype move the price (I.e. the definition of a bubble)
HODL
🌷