/mlpol/ - My Little Politics

>>95532
And it's deleted lol

>>95532
W-w-watch, bitcoin will CRASH.
>say increasingly nervous nocoiner for the 7th time this month.

>>95543
Shrug.jpg

It's just a theory as to how the rich and powerful will prevent a new class of rich people from competing. You should understand that, Leslie Faire poster.

>>95543
Also tried to post the same thing to 4chan without the pony, cuz why not. Still auto-deleted. I guess shitposting is now banned on 4chan if it originated from someone who also likes ponies?

>>95532
I PRAY BITCOIN CRASHES AND FUCKING BURNS AND ALL THOSE GOOD FOR NOTHING FUCKING MINERS LOOS ALL OF THEIR FUCKING CASH! FUCK GPU MINERS FUCK THEM HARD WITH A RUSTY SPIKED PIPE!

>>95553
Well, that is the definition of a ponzi. The top cashes out and all the little fish get cooked.

> :P
No bad anon

>>95554
The definition of a ponzi scheme is is a fraudulent investment plan where the returns paid to early investors are funded by the capital invested by later investors.

Bitcoin does not not pay returns to anyone. By definition it cannot be a ponzi scheme.

The only way to make money with bitcoin is to sell it for more than you bought it. Just like buying stock or gold or other commodities. There is no guarantee that the price will go up and down.

Bitcoin is an extremely volatile commodity that is held aloft by hype and a collective hope that it will keep going up. It's the poster child of a bubble that's bound to pop, but a ponzi scheme it is not.

>>95563
Currencies are a lot like religion. The stronger the faith the more powerful it seems; the weaker its faith the less powerful it seems. The Libertarians, an-caps, and drug dealers are fanatically devoted to this currency. Bitcoin will crash. However, so long as that faith remains Bitcoin will prove more resilient than people think.

>>95552
Nah 4chan has just been trying to contain /biz/ especially on /pol/.
>>95566
>The Libertarians, an-caps, and drug dealers are fanatically devoted to this currency.
This is why bitcoin won't crash, sure it might have a large correction but all those who are in it at this point have some basic idea that selling when its going down is shit and so will hodl. That and it helps a ton that all of those who love it really want in to such an extent that the floor due to the utility of btc is at 13k. In all honesty if it would have died at any point it would have died when China pulled out, but it didn't. Bitcoin is here to stay and won't die off because of how much those that want to to live want it to stay.
>>95549
>It's just a theory as to how the rich and powerful will prevent a new class of rich people from competing.
Those who hate it are bankers kikes. The only way this will all down hill is if the US gov interferes with it all which I doubt will happen under this administration. I'd say it has 3-7 years before they can even think about trying to fully kill it, but trying to kill it through a market solution will just lead to the opening of a new firm that does the same thing and also has to be banned. So its very unlikely anon.

>>95566
I don't think that bitcoin will die once it pops. But there is a fundamental difference between the two groups of bitcoin holders. The bitcoin users and the bitcoin investors.

The Libertarians, an-caps, and drug dealers that you mentioned fall under the group of bitcoin users. They value bitcoin and crypto currencies in general for what they are. A means of exchange that is free from government regulations, unaffiliated with the central banks, and has some degree of anonymity.

However most people buying bitcoin these days don't care about that. They're hoping to get rich quick. They just hope that bitcoin will go up massively in price after they've bought it and that they'll make a hefty profit when they sell it. These are the people injecting the hype about bitcoin, these are the people who are inflating the bubble, and these are the people who are going to cause the eventual crash.

The fact that we're starting to hear so much about bitcoin in normie media makes me think that it's getting ready for another crash. In part because I think that some people are expending part of their profits to buy ads to try and set up a pump and dump, and partly because casual investors have weak hands and can trigger a mass sell off as they all try to get out at the first sign of trouble like some simple herd animal. I'm reminded of the anecdote of the big stock investor who sold off his positions prior to the great depression after noticing that his elevator attendant would not shut up about his stock portfolio.

it'd die eventually anyway, taking regulatory control of the internet away from the Jew S government is more important

>>95572
4 things I see wrong with your analysis.

1. People want in on cheap btc.
People want to buy btc when they think its cheap. Their view of how useful btc will be or how much they can get off of it is what will make it increase as soon as the market price decreases a lot. This is why when it dropped from 18k to 14k it didn't go much futher down. People just said it was too good of a deal not to buy it while it was cheap.

2. Investors are retarded for the most part.

If you make it into the market most won't want to sell unless they make a good profit off of it. So the likelihood of those who will sell is very low unless everyone collectively is panicking over some new government regulation or a big nation banning it again. It'll likely stick around because the investors will hodl it out rather then just see their profits die.

3. You underestimate those who have it because they want to see it succeeded.

BTC's total volume atm is around 275+billion. It was 50k for a btc before but countless others wanted to see it do well before this and might have jumped into the system around now because they saw it as a safer investment or a way to actually fight the kikes.

4. Only a 3rd of btc's market value is in USD while another 3rd is in JPY. So I'd say the likelihood a few burger normies on btc dropping causing others to sell will have little long term effects and will be more of a correction rather then bubble popping.

>>95572
I'd agree, but this is two different situations. In the great depression, nobody of note foresaw the collapse. With bitcoin, everyone is talking about how it is set to crash and burn.

>>95532
I'm skeptical. I don't think it will kill bitcoin since net neutrality only affects American ISPs and this basically hinges on the assmuption ISPs will go through the whole Internet package deal thing. Which it probably won't. The biggest damage this will do is affect the blockchain due to the large amount of data it consumes, possibily slowing down transactions and other things. There might even be some throttling too. Although, I'm not sure. It's only a prediction. If it comes out true, then bitcoin cash would be a greater investment onwards since this repeal on Net Neutrality will only affect the medium of exchange.
>>95569
>Those who hate it are bankers kikes.
You underestimate how much kikes like money. There are ones that invest whether they're a banker or not. The only reasons we don't hear about it is because it's nothig worth reporting on nor do they like you to know much about their financial moves. Kikes love exploiting systems as they do dodging them. If you want an example, look no further to Soros and his family.
>>95566
This is pretty dumb desu. I suppose if people had enough faith in bottle caps, the same would be true if enough people believed in them, right? Or much the same with monopoly money. It's worse than fiat talk, because I know this is applying to gold too. It ignores value and potential. Let me tell you why gold worked. Not because it is mined much like copper ("Why we have a copper standard") and bitcoin are mined, but due to worth of gold in both value and poential. Machinery, drill bits, material, and etceteria. Religious value can be made, but that is not extent in the possible accumulation of capital. If you say that perhaps that bitcoin works due to trade, it's value is only speculative then. Money works because the value is stable. Like how a dollar would represent one ounce of gold. Bitcoin is an asset and always treated as just a store of wealth.
>>95572
Bitcoin could die, but a lot others will. Bubbles are destructive events that lay wake not just in people's money but as well businesses. The bitcoin price directly correlates with many other cryptocrrencies. In the wake of a bubble popping, it can be certain those will fall and directly deepen the damage to the market.
I like how you phrase a divide in those who buy bitcoin, however I have some problems with it. I would divide investors into normie investors and drivers. Also, I would ignore the users part since they're just as susceptible to irrtionality as the normies on the part of unbridled fanaticism. Then, you take into account if they users, then surely a crash will lower their spending power along with the fact that it will take another cycle for the value to pick up. It's probable that they will switch to another. And there's the problem with saying crypto ensures "anonymous transactions" when bitcoin has a public transaction log of every bitcoin address. It's nt hard to figure to bust illegal activity with bitcoin neither. Money laundering is still more sound.
Now, the drivers will hold onto crypto as a store of wealth even in the face of danger, or at least know when to sell. These people used to be the pioneers, and have kept at it. These people have accumulated a lot, and some are called "bitcoin dinosaurs". They have the most faith. Normies on the other hand are prone to irrationality. They have the easy money attitude. Normies do in fact use it as a currency. Probably more than the drivers since they throw it away more and use the blockchain more. Bitcoin cash is more for the holders, whereas bitcoin is the expanding market that mostly uses the blockchain medium of exchange.
Bubbles weed out at the normies and the drivers. Those who can survive the crash or have learned the firm cycle are the drivers that lead.

Speaking of Net Neutrality

>>95563
>Bitcoin does not not pay returns to anyone. By definition it cannot be a ponzi scheme.

>Be dude
>Buy a bitcoin from an exchange
>First buyer on the coin, got in at $14,000

>Be dude
>Laugh at the guy you just sold to for $14,000
>Mined the coin 4 years ago for free, on a taxpayer funded computer, and literally did zero work in the meantime to make it worth anything

Bitcoin
>fraudulent investment plan where the returns paid to early investors are funded by the capital invested by later investors.

The only value is a speculative bubble based on a pyramid scheme of early adopters getting new buyers to unload on for bank. Ponzis don't have to sell a product to be ponzis.

>Just like buying stock or gold or other commodities. There is no guarantee that the price will go up and down.

>Stock market commodities of all kinds based on the current QE financial bubble aren't ponzis
>People early in hope to buy low and sell high, regardless of stock, and regardless of how they imagined the "value" of said thing to rise or fall.

>>95701
Just in case it isn't clear, the second to last green line is meant to be
>Implying

>>95569
> trying to contain /biz/ especially on /pol/.
BUT WHAT IS POLITICS IF YOU CAN'T FOLLOW THE MONEY?!?!?

That is asinine.

>>95703
The mods on 4chan balkanized /pol/ into /biz/ and /hist/ to destroy the board.

>>95716
>>95706
They really didn't need to, a lot of those who wanted to talk about history alone or had a more skeptic outlook ran off to /his/ while /biz/ is full of libertarians and ancaps. In fact /biz/ has a fair amount of discussions on ancap/libertarian topics due to the composition of the board being around 60% /pol/acks who couldn't stand /pol/ anymore and had btc to trade. 30% is /g/ and 10% misc boards otherwise.

>>95706
t. SALTY nocoiner

>>95721
>Shrug
I don't want to be rich, I want to be left alone. The two tend to be mutually exclusive. I'll retire in another 16 years or so, and it'll be great.

If not, it'll be because WWIII, and then neither of us will care about money.

>>95723
Depends a lot on how you got rich. Honestly the /biz/ dream isn't to get rich, but to just not have to work as a wage cuck. Its to make money but to live a comfy life without having to go into debt or die at a shitty job.

>>95793
Then the essential goal of /biz/ is to earn 20,000 a year without having to go to work, and owning 1 acre of land for housing. That's enough to cover all necessities and land taxes, and you can build a "house" out of anything and claim a UPS box as your legal residence.

So, if you had 200,000 you could retire for 10 years. If you want extra luxuries like 4chan, just go to a library with an old laptop or something. Don't need much to read text. A raspberry Pi is cheap, and is essentially every SNES game you'd ever wanna play (unfortunately, N64 games are beyond it's processing for now).

ISPs don't have a vested interest in blocking websites. What they primarily want to do is sell fast lanes and slow down their competition in other areas (e.g. Comcast slowing down Netflix because it competes with their TV service).

>>95723
Why can't I stop laughing at that gif?

>>95917
netflix is for fucking normies anyway and it eats up so much fucking bandwidth

Stop falling for the jew meme you nip

>>95537
>>95552
Nah. It's just the fact that there's about 100 threads a day going OY VEY BITCOIN IS ABOUT TO CRASH!!! SELL NOW VEY!!! It's one of the other 10000 things that broke it. When you hit a point where you can't ban people for threads that are covered so often and 90% of the time are shilling but you can't really be sure.

>>96214
Why is it that the brits care about net neutrality more than us burgers? I feel like I’m the only American that isn’t under Jewish shill magic