Quote from: Matsuaki on July 06, 2019, 06:40:29 PM

Quote from: Bitcoinqubit on July 06, 2019, 05:10:43 PM

Quote from: HardFacts on July 06, 2019, 12:51:56 AM

Bitcoin is in a huge BUBBLE, but this does not change the fact that bitcoin has an intrinsic value of zero. It is possible to trade, and become very wealthy in a bubble

If I could predict Bitcoin's huge price swings, I would absolutely be trading and taking advantage of this. BUT, be careful, know when to get out because those that are still in Bitcoin will be FINANCIALLY WIPED OUT when the bubble pops. No one wants to hear that they are investing in a bubble, the very definition of a bubble is that the vast majority of people are ABSOLUTELY WRONG in their investment. Here are a few reasons why you need to be especially careful in Bitcoin:

1. The Blockchain is the future of money, YES Grin

But Bitcoin is NOT the blockchain, an infinite number of crypto currencies can be created to use the blockchain. Back in 1990, the internet was the future, but that does not mean the first internet browser ( Netscape 1.0 ) to use the internet went to 1,000,000 USD, in reality, competition came along and it went to zero... Just because Bitcoin was the first cryptocurrency means NOTHING. Anyone want the first cellphone ? Anyone want to use the first hard disk operating system from the 70's ??

2. Bitcoin is just Digits on a screen, it is not on the elemental chart. The only value Bitcoin has is what some greater fool will pay for it. Once the bubble bursts, and there are no buyers, bitcoin's value becomes zero.

3. The future of cryptocurrency is most likely to be one backed by gold, or some other real asset. A crypto backed by NOTHING is not any better than a fiat currency backed by nothing.

4. It makes no difference how much effort and energy is required to create a bitcoin. There are a lot of bad investments throughout history where a lot of labor and energy have resulted in bankruptcy and the creation of NOTHING. The world does not value labor, or wasted computation power, it values CREATION OF WEALTH. Bitcoin itself is no more wealth than printing a bunch of worthless dollars.

5. LibraCoin will be MAJOR competition for Bitcoin. Libra Coin will fulfill the promise of quick, easy, cheap transactions that bitcoin never could. Transacting in bitcoin is very expensive, and it never lived up to its original potential, so they just kept changing the narrative. LibraCoin is just the first of many challengers that will appear in the coming years.

6. Bitcoin is NOT a store of value, it a speculative investment. No one is buying bitcoin to act as a savings account, the price of bitcoin can swing thousands of dollars in minutes. GET REAL, everyone is buying bitcoin in the hopes it will go to 1,000,000 USD. There is no such thing as a free lunch, the greater the reward, the greater the risk. If Bitcoin can Skyrocket, it can go to zero just as quickly.

Never invest without considering all the possibilities. Throughout History, those that are the most blindly convinced of a get rich quick scheme are the ones that are most likely to get wiped out.

Let's sum it second time mic drop I will answer on your points

1. It dosent matter if infinity coins can produce or not, what you try to say by this, in the end the quality will end because more and more people became educate about crypto, Bitcoin come from underground group and some of the people behind this operation is behind wiki leaks and other just people here don't have the skills to trace this kind of interesting things and top marketers was behind this operation. Mark didn't create market which is almost half trillion in 11 years and will dream to be part of this kind of teams for sure. Bitcoin come from peer to peer file sharing idea to decentralized the power rather it be centralized and history shows what the power of peer to peer and we don't need to predict the future real crypto will eat the entire system without problem ITS JUST there more FRICTION to scale it compare to peer to peer file sharing every smart* kid know this compare to most uneducated people here and some of them very poor in understanding simple things like why to stay away from stable coins and huge supply projects but time put this kind of people in the right corner because you cannot escape the truth by any mean.

2. Bitcoin it's not just a number on a screen, it's peer to peer money which put out the middle man hence from here come the value , it put out of the chain banks, governments,PayPal and other...ironaclly it's have to much vaule because of this, ask expert economist it's the first time in history money can move from A to B without middle man.

3. The future will be decentralized tech mixed with distrubed tech and nothing else and backed by itself , peer to peer file sharing million times was tried to shut down yet over 1B computers share info with you middle man the same with peer to peer money, it's will eat everything.
In the moment value is backed by something it's already lose it value ask any expert economist you are wrong people here are just fucking dumb, they don't know simple things in life how they will understand this deep concept.
Crypto that backed by gold or diamond or by other is pure scam from expert eyes and ask expert blockchain and economist....and why gold have value it's because X amount of people agree for this hhhhh it's cannot be other way, but Bitcoin out perform gold because it's store of vaule and money in the same time and it's independent which make it so much valuable in other words you cannot pay in store with gold and get the rest in paper money because gold and diamond it's store of value and not money and it's has value because people agree on this and not other way and compare to Bitcoin it's nothing because Bitcoin is store of value and money and independent and AFTER ALL THIS it's put out the middle man like banks and government and PayPal hence his vaule so high and will be much more no other things can do what Bitcoin do, kids at economy know this.

4. It's done in order to make Bitcoin more decentralized and less spam which mean if it was easy generate Bitcoin without huge power it's was control led by only few,. There already which switch to solar power to mine Bitcoin which it great.

5. When you talk about Facebook it's what make your post suspicious, because the smartest in the game stay away from stable coins because it's not investment it's exchange of money like usd to euro there is no profit in the process and stable conis o er time lose value you can see graphs on website which talk about economy, there is huge curve over time the value go down and smart economist will say you another thing why stable coin is bad it's because prices of houses and in supermarkets slowly go up include clothes and other things while stable coin love value over time ask any expert economist.

There are real crypto stable coin which work on smart code and backed by it self , and it work like this'
The code produce more coins if to much people buy this coin and Visa verse when to much people sell this coin the code burn coins and by this keep stable price very simple

, and this type crypto stable coin don't backed by nothing it's backed by self smart code and 99% people in this fourm even don't know this hhhh which kids know

The stable coin of Facebook is not real crypto stable coin it's different and controlled by Facebook and your account can be picked and other shit, there coin will be huge failure for sure and the only stable coin out there which more then half of volume is faked and market cap is tether, do you see something else in the top! No.

6. Already answered you this Bitcoin it's has value because it's put out the middle man like banks,governments PayPal and bunch other it's the first time in history we can transfer money directly to each other it's like peer to peer file sharing, this is why it have value, deep conecpt not only this it's act as store of value and money and not depends on anything which make super value, because in the moment some value it's backed by other value it's already not special, ask any expert economist.

7. When you say fees of Bitcoin is high it's really show you are dumb and very suspicious because to transfer 100m dollars or 50 dollar with Bitcoin it's the same fees hhhh

This is how smart debunk suspicious account which influence dump people.

And Mark it's small fish in this system compare to high profile people which hide on this planet and some of them part of wiki leaks and Bitcoin operation and other operation s, mark will only dream to be part of this kind of teams, they created market which almost half trillion in 11 years , it's never done in the entire history ask expert in economy,.

Mic drop
All what you said influence only dumb people smart mind will sum it don't forget peer to peer file sharing where it get hhh

Around 100k bots work non stop to Warren people to not incest in stable coins and huge supply projects both this categories are scam ask every smart blockchain

bitcoinqubit thumb up also very happy to see only few here which know what they are talk,

but you answers so aggressive, you explained why bitcoin have value in the most fantastic way, unbelievable dude.

like you said its store of value and money in the same time and after all this its put outside the middle man, you nailed it!

we from japan and we also fight with bots and help as much possible , so people will know why to stay away from stable coins and huge supply coins.

we have around 50 k bots.

Hey mate I from Israel and we also fight this kind of scams like huge supply and stable coins and the most shit coin which is even not crypto like Facebook,

We build around 100k bots which spread info about why people should to stay away from any stable coin whether it's real stable coin or not the same shit in the end,

I fucking happy to see Japan also fight this war and help people to know where to invest and stay away from stable coins and huge supply projects