Its market cap is 8 billion now.
This is why cryptocurrencies are not going to survive in their current form. You can just fuck them up, no questions asked. The Chinese wanted a "Bitcoin Cash" currency with larger blocks... and they just forced a hard fork and that was that.
As the cryptocurrency market is essentially one big pot, they took 8 billion in market cap away from the other currencies, in particular Bitcoin Cash.
Other urls found in this thread:
time.com
bloomberg.com
marketplace.org
nytimes.com
fastcompany.com
washingtonpost.com
time
unvis.it
nytimes
archive.is
washingtonpost
archive.is
livebitcoinnews.com
twitter.com
this is all just speculation. There may be money to be made but only those with connections will know when to buy and sell.
The true source of wealth is human labor. You can't just rub two coins together to make three.
Figures the weekend I decide to finally buy some of that stupid shit the value drops.
>As the cryptocurrency market is essentially one big pot, they took 8 billion in market cap away from the other currencies, in particular Bitcoin Cash.
No, every one is fleeing the fiat currencies because fiat always crash sooner or later and we are well over due for a correction.
>Have 50 bitcoins
>China man forks
>Have 50 bitcoins and another 50 Chinaman coins
Wow, I love cryptos now.
It's about to pop something bad. Watch it crash
but bitcoin spiked after the fork?
Of course you can jew.
Dont shill pol during a crash idiot
>No
No what? Cryptocurrencies are one big pot - their use case is the same. So if you come up with a new currency, you take away from others.
t. salty nocoiner.
i still believe bitcoin a jewish sheme. (((they))) try to get rid of cash for some while now, trying to make you sue only electronic ways of payment
time.com
bloomberg.com
marketplace.org
nytimes.com
and of course sweden seems t try to be the pioneer
fastcompany.com
remember, thats the same country that started chiping people with RFID chips already
washingtonpost.com
(To be continued)
>Wow, I love cryptos now.
That is correct. But the sum of Bitcoin and Bitcoin Cash is higher than before - while every other currency is 8 billion less in market cap. You just don't see it because fools' money is pouring in every day.
>time com/money/4307717/getting-rid-of-cash
unvis.it
>nytimes com/2017/01/10/magazine/should-we-trash-cash.html
archive.is
>washingtonpost com/news/on-leadership/wp/2017/04/04/some-swedish-workers-are-getting-microchips-implanted-in-their-hands/?utm_term=.667809c855b2
archive.is
If it wasn't before, it sure is now
>livebitcoinnews.com
so why are they doing that? remember when the bankruns happened in greece and suddenly there was not enough money in the banks? they claimed this is because of unllawful practices of those banks, but the damage caused by those is insignificant. pic related about the mechanism of banking showing how even normal banks can create indipendent from the centralbanks, which results in only a small part of the money in circulation electronically being available in hard cash, perfectly lawfull. but of course they couldnt admit the system itself is faulty. so what do? reform the system that enables the (((high finance))) to controll the economy at will, or just prevent bankruns by getting rid of hardcash resulting in all money being electronical enabling limitless controll and creation of money without anyone from the outside even being able to check upon it? of course they will just do the latter one and shift the blame of the chaos that happened on the very few unlawfull actions of very few banks.
remember, the current system enables you to create pretty much limitless money and even gives you more free money if you miscalculated resulting in a bail out if you abide to the laws. there isnt even a reason for them to go outside the law.
so they get rid off cash, make everyone pay with credit cards, or their phones or whatever. and not far from there it will be the RFID chips you use to pay in your forehead or the back of your right hand. i see bitcoin only as an enabler for this trying to tell people "look, electronic money is so good. we should only use this from now on.
This gives them complete controll and abillity to survail the flow of money. You want to buy some weed in the park? Better hope the nigger there takes creditcards and has a good excuse to why random people pay him 10, 20 or 50 dollars all the time.
It's a joke currency, just like FIAT. The only difference is that we are witness to all the shenanigans people pull off behind closed doors. Most people are too stupid to realise what's going on anyway.
>buying into a top
burgers, everyone
Bitcoin is a way to fund clandestine operations. Its use in narcotics purchases is the only sign you need.
Look up "Ghost Month" the Chinese and Japs have stop investing because of superstition.
Look up ghost month. Hold onto your stuff and it'll start going up in about 2 weeks or so
>Look up "Ghost Month" the Chinese and Japs have stop investing because of superstition.
China disallowed ICOs which fucked up the market.
China wants to prop up cryptos which they control such as Bitcoin Cash and the upcoming introduction of DianziYìngbì (E-Coins) issued by China to Chinese company as the only valid crypto for payments in China.
P.S. what's this shitty pic again?
Hard ford was neccisary because kikes fucked up bitcoin core. Segwit is a trojan horse. (((They))) control all the communications channels and censor them worse than plebbit or twitter during Hillaries failed crowning.
*fork
No, Ford is correct.
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Ford F-150, to be precise. All the pieces are falling into place.
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>You can't just rub two coins together to make three
free market.
you could say the same about GBP, USD, EUR, JPY etc.
People will only put their money where they want to, where they deem it worthy of going.
not all of that 8bn was "taken" either, most of it is from the price increasing from nothing, new value being created.
Buy Monero.
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