THE ABOVE STATEMENT NOT A VALID REASON FOR ANYONE TO INVEST:   

Would any rational person make a wall street investment based on the brokerage saying:  You do not have a clue how it works  🤣🤣🤣🤣

MOST RATIONAL, INTELLIGENT PEOPLE will recognize the very popular statement above for exactly what it is...  This is what someone says when they have no facts, no rational argument, and want to make themselves feel like they " won " without presenting any valid or compelling facts.   Good luck with that strategy, I am sure it will make you a LOT of money as bitcoin continues its decline to 1000 dollars and below...

Hard Facts

YES WE CAN GIVE A LOT OF GOOD ANSWERS FOR THOSE THAT ARE INTELLECTUALLY HONEST:   You are just to brainwashed to accept the information you are given.

Gold is real, central banks and governments all over the world are buying more gold in response to the problems with Fiat.   ZERO central banks are buying bitcoin.   That fact alone is enough to make most people think.   Gold is REAL, with a lot of valuable properties.  Bitcoin is noting but imaginary money that only value is what some greater fool will pay for it.   Maybe I should sell you my Digital House for 500,000.00.  My digital house is exactly the same as a real house , but better, because it can be transferred across a border easier  🤣🤣🤣🤣

There are an INFINITE number of crypto currencies that can send unstoppable / censorship resistance payments through the internet.  That does have value, but Bitcoin is NOT, NOT, NOT the bock-chain....   The blockchain is the future, but it will not be Bitcoin.  No more than the first  Brick Sized Motorola Cellphone was cellular network, the world moved on....

Hard Facts

I really hit a nerve by pointing out this FACT.    I wonder what your reaction will be when the Bitcoin price further collapses into the 5000's 🤣🤣🤣🤣 

Hard Facts

This thread should be titled " THE PATH TO 100 DOLLARS PER COIN "

Bitcoin price has collapsed to below 7000.00 now.   

You can ignore reality, but you can not ignore the CONSEQUENCES of ignoring reality 

Hard Facts

Bitcoin never meant to replace fiat, it's alternative electronic cash for those who don't want a financial institution, a middle man, or third parties to transact.
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a
financial institution. Just this feature makes bitcoin works better than US Dollars for transactions for everyone, everywhere around the world.
People hold bitcoin for many purposes, hoping the price goes to the moon is one of them.



Just in your dream

ENERGY, INVESTMENT, and EFFORT are wasted all the time with nothing of value returned...  Just because you put time and energy into something does NOT make it valuable.  This is grade school level stuff here, the fact that you are missing such basic logic and intellect tells me that you are so anxious to become rich, that you are ignoring facts and reality...  A lot of time, and effort went into many bust projects that are worth zero.

Gold is real, with many real uses and properties in the REAL world.  No comparison to Bitcoin that has ZERO value or use beyond what some greater fool is willing to pay for it.  

A lot of Ponzi Schemes have made a lot of people rich if you are smart enough to get in early, but the Ponzi Schemes make a lot more people bankrupt when they collapse 🤣🤣🤣🤣

Hard Facts

The guy who created this thread are really expecting too high. Is he day dreaming? It is really impossible to see that the bitcoin will pump like that. Right now, the price of bitcoin is having a hard time in surpassing its current resistance. We should be realistic if we want to buy bitcoin. A million dollar per each is really impossible to achieve right now because bitcoin is still undergoing to some government regulations and compliances.

My Hard Facts Coins are very limited in supply, only 1000 of them will ever exist  🤣🤣🤣🤣    A limited supply of something that is worth virtually ZERO does not make it more valuable.  

There is no significant bitcoin demand, price keeps slowly going DOWN.

Bitcoin supply is not decreasing, there are an UNLIMITED number of crypto currencies that can be created, that can have the same or even better properties than bitcoin.   It is easier and faster to make Crypto Currencies than it is to create FIAT money.

Being first means NOTHING.    Anyone still want the first Cellphone ever made   Anyone want the first computer ever made   Are they the most valuable items now    Soon enough, no one will know or care which Crypto Currency was first.

I would trust the FEDERAL RESERVE, and the US DOLLAR to hold some value much more than I would ever trust bitcoin.   At least the Federal Reserve does not deletes posts, move posts to where they will never be seen, or otherwise CENSOR people like the bitcoin community does 🤐🤐🤐🤐    Given what I have experience here, the Bitcoin community is only inserted in pumping up the price of Bitcoin, and is more corrupt than the Federal Reserve and Wall Street Banks have ever been....

Hard Facts

https://cointelegraph.com/news/bitcoin-price-boring-and-fragile-as-trader-plans-for-dip-below-7k



Translation : If No Greater Fools don't show up and buy bitcoin, the Bitcoin Ponzi will drop even further.  




FYI:
At the end of the day You have to ask yourself what role does Bitcoin meet?
1. Does it do micro payments?              Nope!  
2. Does it act as a Stable Currency?      Nope!
3. Does it hold value thru hard times?   Nope!
4. Will it make me rich by buying it?     Nope!
5. Is it cheaper & Faster than others?   Nope!
6. Will it go up without New Fools?       Nope!
7. Is it anything besides speculation?   Nope!

---

8. Can Bitcoin price drop to $ZERO?     YES!

Actually the thing you are taking for granted is the Miner's Input Costs,
which have also increased every year.

The reason the Bitcoin , IMO , is more likely to go to $zero than up,
is once enough miners are no longer profitable, the chain will freeze.
That frozen chain is the one thing Bitcoin never had to worry about in the past, Now it does.
The old miners won't jump back in to self regulate since they have already disposed of the old asics and warehouses and energy contracts.
Plus few people want to loan money to someone that just declared Bankruptcy within 2 years.
If the top miners can't profit the previous failed miners don't stand a chance.
Multiple Miners failing is a sign, bitcoin best days are far behind it.
Early birds got rich, there is nothing left for the latecomers except the $decline.
Anyone after Feb 2018 is a Latecomer.

Proof of Waste is an evolutionary dead end, and the next halving will seal that coffin , not bring back the dying.

Again with the Big Red Print,  

Stupid is as Stupid does, but it does it with Big Red Print.

Tell everyone how many bitcoins you mine daily,  

Building , does not mean Profiting or even surviving.

Texas is a stupid place to build, it is hot there, meaning more air conditioning required for the energy wasting asics,
which reduces profits that probably won't exist anyway,  
If they ever start mining, give them a year before they declare Bankruptcy.

Any sane person knows that only colder climates are suitable for Proof of Waste Mining, to avoid the cooling costs.
The Texas plant is DOA upon design.

Plus one good hurricane , and their goes your data center, for weeks/months at a time.
https://www.npr.org/2017/11/30/566950355/the-tempest-at-galveston-we-knew-there-was-a-storm-coming-but-we-had-no-idea
https://en.wikipedia.org/wiki/List_of_Texas_hurricanes_(1980-present)

Notice the similarity between the graphs,

https://inefficientfrontiers.wordpress.com/2009/02/09/the-300-billion-ponzi-scheme/




Ponzi go up until the big crash that wipes out the whole scheme,
that is the edge that the bitcoin ponzi is on, the verge of collapse.

Ask yourself this , if bitcoin was truly valuable,
why do the bitcoin miners keep declaring bankruptcy,
why is it not profitable for you to mine your own bitcoins.

Answer , because the Entire Ponzi is on the verge of total unprofitably for the miners,
and once the miners quit , the whole ponzi is dead.  

FYI:
Bitcoin Bubble Burst at $20K, halving or no halving,
No one will be stupid enough to ever buy bitcoin for that amount again.
Miners go bankrupt because they can't afford to keep mining,
You can't mine, because you can't afford the input costs.
How can bitcoin survive when no one can afford to mine it, Answer it won't!

Trolls love to talk during bear markets, and forget the simple fact that Bitcoin is always in an upward trajectory. Zoom out, it's not over.

You Know, Just because you use large fonts with red , does not make what you say truthful,
just means you are a stupid loud SOB!  

OK, Class is in session , Pay attention Dumbass aka patroncito

Bitcoin has a set program code limit to the left of the decimal point, so 21 million is supposed to be the limit.
And that would be correct except for the following
In the Real World, the more you divide a material, the less value it has,
IE: Gas
Buying a gallon of Gas will take you ~25 miles in your car.
Buying a .00000001 gallon of gas , probably won't even be enough to get the gas out of the pump into your car's tank.
So .00000001 gallon of gas has no value and no practical use in the real world and no one would ever buy an amount that small.

In the Virtual World where Bitcoin Exists,
There is no such limitation of value loss by division
With Bitcoin , You can send 10 bitcoin , 1 bitcoin, ¼ bitcoin ,or .00000001 bitcoin to another address, and that is it.
It holds no other value. Only the value assigned by spectaculars against fiat.
So if Bitcoin was limited to it's lowest denomination of
1 bitcoin then the max bitcoin supply would be only 21 million

But there is no limit defined on the lowest denomination
1 Bitcoin  = a Max SUPPLY of 21 Million
½ Bitcoin = a Max SUPPLY of 42 Million
¼ Bitcoin = a Max SUPPLY of 84 Million
.00000001 Bitcoin = a Max SUPPLY of 2.1 QUADRILLION

So they are inflating to right side of the decimal point so stupid people like patroncito don't understand how they inflate the supply at a whim. Lightning Network is moving to 12 points below the decimal, inflating the offchain supply even further.
If there is never a limit placed on the right side of the decimal point, then Bitcoin has an unlimited inflation model bordering on insanity.
But they are counting on stupid people not to understand that.

So now you can see BADecker was correct in his earlier assertion:


Class Dismissed.      


 

Right. And when there is only one bitcoin left in the whole world, with a tiny change in the program, a satoshican be divided into billions of tinier pieces. Fiat does this through inflation.

Use the word Dumbass , and DooMad magically appears.
Almost like I called you up.  

Don't you think your daddy Carlton Banks is going to smack you.  

Price / Performance matters and only utter fools can't see that.

Bitcoin has priced itself out of the 3rd world countries already.
Only 1st world fools are buying it, and they have been running out of fiat since the 20K bubble burst.

Example,
A person can send an email for free.     (Faster  / Cheaper )
A person can mail a letter for 50 cents  (Slower / More Expensive)

Now you can claim the mail is more secure, but no one cares.
Faster Speed at Reduced Prices is more important.

Litecoin  (Faster  / Cheaper )
Bitcoin   (Slower / More Expensive)

As far as security goes , both have the same security, irrelevant of the energy wasted
Bitcoin is secured by no more than the top 4 BTC mining pool operators,
Litecoin is secured by no more than the top 4 LTC mining pool operators.  

Their is nothing bitcoin can do , that Litecoin is not doing Faster and at a lower cost.

It's an insult to see this thread get more than 200 reponses.  This isn't going to happen in your lifetime if it ever does.  It's going to take probably fifty years to even get close let alone even 10% of that estimation.  Are you trying to make me puke?

This isn't a company owned by someone who knows what they're doing.  It's a shitfest of angry people who consantly abuse people trying to get attention and act like they are smart like the author of this post. 

Talk is cheap.  Stop being fictional and come down to earth thanks.
If brookshire hathaway hasn't reach a million yet, bitcoin isn't going to even come close.  Stop being so dumb please.

Don't be an ass. I may make some assumptions that you don't agree with, but that does not make me wrong.

I assume that Bitcoin is (or will be) a form of money, and that people will value it as a money. That is why I think it is valid to equate its value to the other monies in the world.

In contrast, you have yet to support your $10 million valuation by anything more than fantasy, wishful thinking, and irrational exuberance.

This is all just phantasies. I think that bitcoin will never rise in price above $ 50,000. The demand for bitcoin will grow, however, it still will not be able to lead to such a high price.
Also, banks and national money of states will not disappear anywhere. They are under the powerful protection of the state, and a decentralized cryptocurrency does not represent a danger to them.