Bitcoin hasn't even reached its bubble

>muh bubble
Do none of you niggers remember that the main reason it crashed was the Gox hack? It didn't just randomly fall off a cliff and we're not going to see it happen again until something similarly catastrophic occurs.

>>2137249
>similarly catastrophic

how about bitcoin failing to be a useful currency due to prohibitive fees and/or prohibitive transaction backlogs

>>2137269
meanwhile unconfirmed transactions are at 140k, down from 220k

>>2137290
how about total transactions?
maybe usage is just down cause people are tired of the backlog

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>>2137222
this is actually correct

>>2137299
people will use other coins for transactions, bitcoins problem is solved

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>>2137222

>Trips confirm.

Gonna have to post my ladles again.

>>2137308
But then why hold bitcoin?

>>2137269
Even if it is a failure in the long run it is still the gateway crypto and will continue to be for quite a while.

>>2137269
>>2137336
Even with this its not going to fall off a cliff because there's so many bitcoin loyalists that will be jumping at "cheap coins" and it would just cause ETH(and maybe LTC/Monero) to pump even higher anyways.

>>2137269
Ripple signed the deal with the japanese banks and all their normalfags are into crypto now. It's not going down, and neither is my erection.

>>2137308
>people will use other coins for transactions
I already do. I use one particular altcoin for transferring between exchanges.

>>2137437
which one?

Do you retards listen to yourself? 10000 USD/BTC would be 210 billion market cap. That's massive.

>>2137469
>210 billion marketcap
Not really, I'd bet that over 3/4 of bitcoins are inaccessible.

>>2137463
Not him but i use ethereum to transfer between exchanges. The fees are really cheap.

>>2137222
so what will be the new bottom friend? 2000?

>>2137469
I don't really understand market cap in relation to prices myself, from google market cap is supposed to be the total price of shares times the total supply but the total supply isn't in circulation. Plenty of coins are just dead or missing, and I don't see why that would necessary impact price. Unless market cap just means the amount of money currently in the market, then I'm a dumbass.
>>2137489
Yeah I use that too. Shame I have to then convert to BTC on Bittrex.

>>2137492
I think about 2000 yeah. Although it could be about 3000 since there are more people willing to buy up cheap coins now.

>>2137469
Yes. It's going to be massive.

>>2137469
>That's massive.

The market cap of the entire US stock market + Forex is trillions of dollars. That's fucking tiny once big investors like Wall Street guys are getting in.

>>2137481
The number of lost bitcoins is unknown so supply times market price is the best we can do to get the size of the bitcoin economy.

>>2137583
http://www.zerohedge.com/news/2017-04-28/blockchain-about-disrupt-7-trillion-industry

That isn't even accounting for the industries it can replace.

>>2137469
that's just one major company anon. Get a hold of yourself.

>>2137608
Assuming 100% is accessible is a fucking joke and you know it. Its utterly ridiculous that people default to that assumption.

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>>2137222
OP you have no idea what is in store for buttcoin and you have a bad case of investors bias.

They told you on 11-11 and you never listened.

Humpty dumpty sat on the wall....

Shit OP never mind you can;t handle it.

>>2137632
Mhm, I'd say 50% accessible is the MAXIMUM you could assume it to be.