krypto is sinking faster than the titanic

[FAPhaggot]

The real question is, after the speculative bubble pops, why would anyone buy crypto?

It's been around for almost a decade prior to this runup, and no one ever used it for anything besides buying drugs and celltech on Silk Road.

[Tsudo]

How does this look?

IMO, it looks like we just finished hitting the bull trap.

Cool..now more people can get in where they wanted to. I hated having to buy at 17K+ so I didn't...but some people will definitely want to buy in lower. And a helluva lot more people know about it now.

[shoelaces]

The real question is, after the speculative bubble pops, why would anyone buy crypto?

It's been around for almost a decade prior to this runup, and no one ever used it for anything besides buying drugs and celltech on Silk Road.

Why would anyone use the intranet? It is just email and geocities sites.

[RollingStones]

Thinking about finally jumping in and buying some BTC and sit on it for a while.

I like to think itll rebound back up to 20k in a bout a month then cash out. F it lol...

how much you planning on buying

[Gingerbruh]

EDIT: Added in newer Bitcoin prices.

notsureifsrs

I've literally seen this chart every time bitcoin drops

[Duckliver]

Dogecoin down 35%

[milesgiles1]

bitcoin is proof of the concept and has paved the way for ethereum, Ethereum is a platform, ether is the currency. Ethereum is for development of smart contracts using blockchain technology.

Because Ethereum is a platform, new apps or currencies can be built on top of it.

New currencies can be built on Bitcoin as well, but ethereum was built with the intent of being an almost like an operating system of sorts.

cliffs
Bitcoin = Proof of concept

Ethereum = Exciting things in the future that may not have even been thought of yet

What, exactly, is the problem with traditional online banking? I can buy or sell anything, anywhere in the world instantly. Never had a security problem. And I know whatever currency I am converting my gbp to is going to be reasonably stable from the start to the finish.

All you crypto guys go on about muh blockchain.. I mean so what? Really..I'm asking

[mythos34]

how much you planning on buying

Good question. Probably not much. Its my first dip in. A few hundred maybe. Im on coinbase now checking it out.

[CaliSuperSport]

The bounce will likely come off 8k. That's where I'm re buying.

That was my thoughts. after weeks of not being able to trade I bought my first BTC and lost about $15. Sold it but keeping that cash in the Wallet

[W1LLW]

What, exactly, is the problem with traditional online banking? I can buy or sell anything, anywhere in the world instantly. Never had a security problem. And I know whatever currency I am converting my gbp to is going to be reasonably stable from the start to the finish.

All you crypto guys go on about muh blockchain.. I mean so what? Really..I'm asking

stay mad. and stay average brokeboi

[PisseninMisc]

What, exactly, is the problem with traditional online banking? I can buy or sell anything, anywhere in the world instantly. Never had a security problem. And I know whatever currency I am converting my gbp to is going to be reasonably stable from the start to the finish.

All you crypto guys go on about muh blockchain.. I mean so what? Really..I'm asking

Online banking is just one example, but the idea is the computational power that it takes to allow for the transactions requires a centralized computing solution, i.e. data center. That chit is expensive and not very energy efficient. Have you ever designed an electrical system for a data center? I have. Not exactly the most elegant approach to oversize the fuk out of your service, generator, redundant distribution system, tons of money wasted on cooling, fire suppression systems, early fire detection systems, UPS, etc. etc. All that cost is carried down to the consumer. That may not be cost prohibitive to you, but it may be for someone trying to do business in Africa or South America.

Blockchain MAY allow a lot of those operations to be done faster, at a fraction of the price, with a much smaller energy footprint, and it will be de-centralized so losing data is not ever a risk.

That's just one benefit. When we start talking about applications being built on top of this platform beyond banking, the topic takes on a different caliber of scope.

But it's definitely true that this technology is in it's infancy. People who think blockchain technology will make everyone millionairse and solve all computing problems are just dumbasses plain and simple.

[milesgiles1]

stay mad. and stay average brokeboi

Srs, give me one overwhelming, indisputable, significant advantage. As an online trader, all I can see is the disadvantages of very limited adoption and extreme value volatility. If I could and did use crypto over the last month id have lost half my years profits

[milesgiles1]

Online banking is just one example, but the idea is the computational power that it takes to allow for the transactions requires a centralized computing solution, i.e. data center. That chit is expensive and not very energy efficient. Have you ever designed an electrical system for a data center? I have. Not exactly the most elegant approach to oversize the fuk out of your service, generator, redundant distribution system, tons of money wasted on cooling, fire suppression systems, early fire detection systems, UPS, etc. etc. All that cost is carried down to the consumer. That may not be cost prohibitive to you, but it may be for someone trying to do business in Africa or South America.

Blockchain MAY allow a lot of those operations to be done faster, at a fraction of the price, with a much smaller energy footprint, and it will be de-centralized so losing data is not ever a risk.

That's just one benefit. When we start talking about applications being built on top of this platform beyond banking, the topic takes on a different caliber of scope.

But it's definitely true that this technology is in it's infancy. People who think blockchain technology will make everyone millionairse and solve all computing problems are just dumbasses plain and simple.

I have never paid more than a 2.5% transaction fee, often nothing. I mean I get the concept, but that advantage is infinitesimally small in the scheme of things

[lowstrife]

How does this look?

IMO, it looks like we just finished hitting the bull trap.

Those still aren't updated bitcoin prices lol... are you serious

[FAPhaggot]

Those still aren't updated bitcoin prices lol... are you serious

Because the actual price has dropped 3000 bucks just today....

[vTarik]

this dip happens every mid january due to tax pullouts/asian new years + prob some other chit.




https://www.reddit.com/r/CryptoCurre...correction_at/

[PisseninMisc]

I have never paid more than a 2.5% transaction fee, often nothing. I mean I get the concept, but that advantage is infinitesimally small in the scheme of things

I'm not sure you get the concept, and I don't mean this as an insult. The use case for goes far beyond online banking or your personal transaction fees. I just gave you one example to open your mind. Why not spend 1-2 hours tonight reading about this topic? If nothing else, it's interesting. You may even change your mind.

[devin45k]

Thank god I invested in Beanie Babies instead

[milesgiles1]

I'm not sure you get the concept, and I don't mean this as an insult. The use case for goes far beyond online banking or your personal transaction fees. I just gave you one example to open your mind. Why not spend 1-2 hours tonight reading about this topic? If nothing else, it's interesting. You may even change your mind.

I'm certain I don't fully understand the concept, but thats the problem. I'm well above averagely intelligent and have read and discussed crypto a LOT (out of academic curiosity) and if I can't see any clearcut advantage (beyond speculation) what hope 99% of the population?

[LatinoSlayer91]

They don't need a real world use when you can just pump and dump them daily. Think about that trader boy

[HairyWBush]

I had no idea there was something other than bitcoin and ethereum, but 98 more and I can't believe it. I hope it sinks.

[yochrisss]

Im still up 700% so lol

[Crysthal]

bItCoIn iS tHe fUtUrE

[L0rdHumongous]

Thank god I invested in Beanie Babies instead

Emus here brah. We'll be laughing all the way to the bank.

[PisseninMisc]

I'm certain I don't fully understand the concept, but thats the problem. I'm well above averagely intelligent and have read and discussed crypto a LOT (out of academic curiosity) and if I can't see any clearcut advantage (beyond speculation) what hope 99% of the population?

Plenty of hope for you and most of the population to understand how advantageous blockchain technology can be, if and when major use cases are implemented. Seeing is believing. Someone doesn't have to be a System Engineer to understand how a company involved with data systems have intrinsic value. I don't disagree that crypto has been extremely speculative, but I also believe we'll see innovating use cases within the next 5 years.

[phillyfreak7]

"Bitcoin is the radical proposition that anyone anywhere should have access to free commerce and free financial services"

Many of you attempting to s*** talk Bitcoin know nothing about it

[milesgiles1]

"Bitcoin is the radical proposition that anyone anywhere should have access to free commerce and free financial services"

Many of you attempting to s*** talk Bitcoin know nothing about it

I reckon I know more than 9 out of 10 people who have bought it or any other crypto

[milesgiles1]

Plenty of hope for you and most of the population to understand how advantageous blockchain technology can be, if and when major use cases are implemented. Seeing is believing. Someone doesn't have to be a System Engineer to understand how a company involved with data systems have intrinsic value. I don't disagree that crypto has been extremely speculative, but I also believe we'll see innovating use cases within the next 5 years.

You see, that response is all I ever get.. wait and see.

[phillyfreak7]

I reckon I know more than 9 out of 10 people who have bought it or any other crypto

Based on your responses in here, you are beyond delusional if you think you understand Bitcoin. You think you know, but I can absolutely promise you that you don't.

If you decide to humble yourself a bit, I'd recommend Andreas Antonopoulos on YouTube.

Intellectual curiosity lol... As a general rule, the fastest way to learn or be proficient in something is to listen to people who are massively successful at whatever it is you're attempting to learn/do

[RocknRollMuscle]

i find it so hillarious all those idiots who invested in bitcoin are al over the web begging people to invest to increase the value of bitcoin.

just lol.

If it was so legit and bitcoin is definately going to rise - why are you begging people to invest in it? Something you didn't do when you invested in bitcoin and wanted to 'keep that secret' to yourself?