Support level barely holding.. one more push by BTC and its over

Support level barely holding.. one more push by BTC and its over.

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What does Btc have to do with it if price is people selling and people buying at certain prices?
Why is everything tied to Btc?

>Why is everything tied to Btc
Because BTC is the first and the King and, on a long-enough time scale, will always be the strongest performing asset. Proof of Work is not a meme.

But Btc is a shitcoin that failed to be p2p cash.
Its slow and volatile. What the fuck?

It doesn't matter. It's like investing in art. People will always want to own BTC. Simultaneously, the ever-increasing cost of mining ensures that the price will always increase, because the network will never shut down, because people will always want to own BTC.

This is madness

It's a new way of thinking.

It's like how all currencies always fall back on gold, bitcoin is to other crypto currencies as gold is to fiat currencies.

BTC will be knocked out of the top 5 by 2024. Nice labor theory of value there (people put a lot of money into mining it, therefore it is worth something). When people start making money with proof of stake protocols they won't care about holding BTC. keep your "art".

>here’s some shitty opinion I read on bitcoin twitter
>new way of thinking

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Heres the analogy you should think of - what is Golds market cap, and what is all other assets (stocks/bonds/real estate, etc) market caps? It's fine having gold as a hedge, but it aint gonna make you rich.

Proof of stake has its role to play, it's important for bringing enterprises into crypto. Consider PoS and PoW two different sides to crypto - PoW is the center of value of the ecosystem, PoS is the utility side.
You can say art collecting is bullshit but precious works of art still only gain value. Similarly, hold is heavily overvalued relative to its industrial use. It doesn't matter, value is ascribed to it.

Market cap won't be a thing down the line because the dollar won't exist. BTC/sats will be used to value all other assets.

To be fair, you have to have a very high IQ to understand how Chainlink works. Its superiority is only hinted very subtle, and without a solid dose of advanced autism most of the Lambos will go over a typical investors head. There's also Sergey Nazarova very nihilistic outlook, which is deftly woven into his characterisation- his personal philosophy draws heavily from Zig Forums shitposting.
The real frens understand this stuff; they have the intellectual capacity to truly appreciate the depths of this coin, to realize that it’s not just funny- it says something deep about society.
As a consequence people who don’t trust Chainlink truly ARE idiots- of course they wouldn't appreciate, for instance, the genius in Nazarov iconic catchphrase "Get in here faggot, we’re gonna save the blockchain," which itself is a cryptic reference the Russian epic 'Crime and Punishment' or the struggle of life itself.

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No, this is my own line of thinking, but I wouldn't be surprised if maybe other people have the same idea.

>not a meme
It really is. What do you think brainlet, people are going to dismantle the solar system & create a Dyson sphere to mine as it consumes exponentially greater & greater power levels? Proof of Stake is inevitable.

For what purpose to say I own bitcoin computer code shit is not worth $1

> people are going to dismantle the solar system & create a Dyson sphere to mine as it consumes exponentially greater & greater power levels
If humanity survives that long, then yes. Bitcoin is the perfect economic tool to push humanity towards rapid development of advanced energy technology.

Precious works of art only gain value because they're useful for money laundering. While that's certainly also true of Bitcoin, there's still nothing that it dies that other things don't do better. It's only use case seems to be "mine it, wrap it & stake it in a smart contract to act as collateral for backing DAI or pooled lending". Which again - valid enough use case, but nothing that can't be done by other things.

No you're just a newfag who doesn't understand blockchain.

That's an incredibly bad use of energy when you could just use a Pos system instead.

It's not about telling other people you own Bitcoin. It's about satisfying your own pride.

Just because it can be done with other things doesn't mean it will. BTC has first mover advantage as the standard crypto store of value.

It's the inefficient use of energy that makes it so valuable, the network cannot stand unless the price increases to fund miners. But the network won't die because it is so well-established.

Reminder to oldfags that these are the people shouting NEVER SELLING and not taking profits right now.

There's a 90% chance most of them don't even have a triple digit stack

Not selling. Really, why would I bother? 4 digit stack & most of it bought ages ago. I have enough Bitcoin already anyway.

>well established
Nothing some regulation wouldn't stop. Which is very likely as it continues to demand more & more.

How will they stop people from mining Bitcoin?

Based

still not selling

Yeah, no thanks. Not fucking selling.

THIS. IS. SPARTA!!!

>muh shitcoin du jour should be the store of value guys!1!!

based

t. Oldfag from reddit came to biz one month ago when LINK started pumping

Truth is it’s all scam shit manipulated by exchanges. The rest is cope