In 3 sentence or Less- Post your Fundamental Analysis of Bitcoin

[realr0ach]

You picked the wrong place to find any objective analysis of Bitcoin.  This forum is composed 99.9% entirely of dishonest, retard, pump and dump scammers shilling in at attempt at personal gain.  The simple fact is that it's not even possible to create a decentralized digital currency because transaction validators are always designed to centralize, so all you have is some semi-distributed, but not decentralized, Rube Goldberg machine with no actual fundamentals.

Then you have issues like Bitcoin being a currency and not even having the traits to qualify as money in the first place, and all currencies are Keynesian, confidence game scams based on artificial scarcity that start at a value of zero and always return there on a long enough timeline.  Things like physical metals - you know, actual money - resist entropy, because money is supposed to be a constant.  Bitcoin facilitates entropy, the exact opposite of what you want money to do.  Just like all currencies from Federal Reserve notes to Delta Airline miles and Chuck E Cheese tokens, Bitcoin is complete garbage compared to physical metals.

[darkangel11]

You picked the wrong place to find any objective analysis of Bitcoin.  This forum is composed 99.9% entirely of dishonest, retard, pump and dump scammers shilling in at attempt at personal gain.

99.9% bitcoin shills and 0.1% FUD loving trolls. I prefer to be in that first group, but I'm not going to ask you about your preferences since we both know where you stand.


Fiat money is now based on debt and brainless printing to keep the status quo, so Bitcoin being independent is looking really strong.
I'm rather young, early 30s, and all the people at my age and younger are very open to the ideas of Bitcoin, while the older generation remains pessimistic, but the old generation is slowly dying...
You can see how the attitude towards Bitcoin is changing. It used to be called a ponzi scheme but as time goes by less and less people use this term, but still less than 5% people in developed countries had to do with BTC and less than 1% around the world. I'm sure we can reach 2-3% worldwide.

Based on the above, I'm pretty sure that the world will no longer use physical money and at least half of the banking will be in crypto. The only question is will it be centralized or decentralized crypto.

[1Referee]

1) Financial freedom
2) No intermediaries
3) Increase in purchasing power

Another important factor is the fact that Bitcoin and in some cases other crypto's have provided the non elite for once the possibility to amass huge wealth that they otherwise can only dream about. These opportunities don't arise very often, usually only once or twice every hundred years. Most people however are sleeping on Bitcoin. 

[Pipdips]

all you have is some semi-distributed, but not decentralized, Rube Goldberg machine with no actual fundamentals.

I had to look that term up but I can see what you mean.

[coolcoinz]

Bitcoin is down 60% from its ATH and this historically has always been a great moment to buy. Never in history of Bitcoin was there a time where buying at 50% of ATH would be unprofitable. Even if you bought at 10k in 2018 you'd still profit when the price reached 14k this year.
The number of people interested in Bitcoin is growing every year and the only thing that puts negative pressure on the price is FUD. A great example of FUD is yahoo finance publishing Chinese president's speech from last year and claiming that it's his newest stance. I pity people who react to such news. 

[legendster]

Growth recession in the last 7 days. However, the long term trading pattern remains bullish. That doesn't mean it is materializing anytime soon.
People with unsound financial backgrounds should avoid investing in Bitcoin / cryptos for the time being, at least until things settle.

This wasn't a price analysis but small fundamental analysis of Bitcoin which is suffering mostly due to the Global recession. Mind you, it would also be the reason why the crypto sector would be bullish again.

[pixie85]

1 Bitcoin is the first decentralized currency in the world and the first and only that cannot be artificially inflated.
2 Usually things that are a technological breakthrough are valuable. Think of phones, computers even smaller think of when they added a camera into a phone. Who now has a phone without a camera? Who is going to have a bank account without a crypto wallet as safe storage?
3 Bitcoin offers services to everyone. It doesn't discriminate like banks and paypal.