Bitcoin’s Big Letdown: Is Crypto Cracking Under Pressure?

[drysponge]

you're confusing inflation and supply. they aren't the‍ same thing.

i think its very reasonable to value cryptos as a function of⁤ their utility & speculation
bitcoins utility slightly worse than litecoin (slower & more expensive)
BTC has a market cap of 1.5T
LTC has a market cap of 0.005T
BTC speculation⁣ factor is worth ~1.495T

TIPS probably if you have nothing better to do.

 

[JosephLL]

Since tl;dr, but anyways, this needs to be repeated time and time and again: Bitcoin‌ is not crypto.

Everything else is a gimmck, a scam, a posture, a fake,
just a theatrical show posing as decentralization. Just a nonsensical, wasteful database.

 

[jayM]

If bitcoin isn't crypto, what is it then ?

 

[JosephLL]

Only Bitcoin is *not* a shitcoin. This might be the best definition of crypto.

 

[void]

crucial misunderstanding that will cost you a lot

I will repeat myself and maybe it's not even the best analogy but look at all⁤ the internet protocols and standards like HTTP, SMTP, SSL/TLS, MIME, ... - one abomination next⁣ to another, inefficient, clumsy, pain to develop something new, support new features and stay backward⁢ compatible at the same time - each of these could get easily redesigned from scratch︀ and replaced by standards with better utility and efficiency... yet it will NEVER EVER happen︁

 

[drysponge]

i dont‌ think nor was i suggest btc will be replaced.

 

[drysponge]

what are‍ you talking about

 

[redeye]

"Never ever happen" - never say never - you can't predict the future and in tech‍ you can't obvious not predict anything!

 

[cherry]

But it didn't actually "become" a speculation asset or a‍ digital gold, BTC's design never changed from being a decentralised cryptocurrency. It just got used as a speculation by investors. But what kind of digital gold loses 28% of its⁠ value in just 1 month, as it did recently? If it can lose 28% of⁤ its value in one month, it could lose 100% in 3.5 months or sooner.

 

[drumtraks]

I respectfully disagree and as with anything in life, agreeing or not agreeing, you can always⁣ go against the world.

 

[drumtraks]

And if you think 28% volatility for bitcoin has any relevance then you must not‌ be a regular in the markets. Citing from memory, US markets 1929, 80%, 1987, 25%,‍ 2020, 25%. Let’s not talk about Japan and others around the world.

 

[cherry]

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[uplana]

what is it you try to say with your image‌ ?

 

[void]

my guess is he has an idea what Satoshi meant to build and trying‍ to convince others they have to respect that

 

[DeepDrilling]

I agree, no one able to answer this question baw3##

 

[rosamundstone393]

Cool meme, but dead wrong.

XMR is private by default‌ , and that’s why no real money touches it.
You can’t prove origin = blacklisted‍ everywhere. No ETF, no custody, no adoption.

BTC gives optional privacy. You can stay clean,⁠ or go stealth. That’s why it wins.

Shadow capital? They don’t touch XMR. They use⁤ BTC with mixers, sidechains, or just smart structuring. Because BTC looks clean even when it’s⁣ not.

You don’t build a financial empire on “uncle Jim’s drug coin.”
You build it⁢ on something that Goldman and G20 can hold , while still staying off the radar.︀

BTC = power money.
XMR = cope money.

 

[cuno]

yeah under big presure by this fat man in the US!

 

[Wellington]

[No content provided]

 

[bubbledouble]

???

 

[cyprusbanker]

It's on the way up! Let's hope we see the big whopping chopping price jump‌ now!