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Bitcoin secret truth NEVER INVEST +18
Luxembourg Dr_dusselfdorf 
So I can see that a lot of threads here on hltv are about this shitcoin. So I wanna give back to the community before you all waste your saved up money. TL;DR btc is no better than playing the roulette. The technology is obsolete and has no practical uses. The problems with bitcoins are a bit technical to understand. But i will try to summaries the problems. 1. As the blockchain grows, it's power-usage explodes. BTC transactions are confirmed by people who can do a k-bit hash preimage attack. That is, people are given a function that outputs a pseudo-random k-bit string. They win if the last k-m bits are all 0's. This will require and expected 2^m hash computations. The number of 0's reguired, m, grows as BTC grows. The difficulty of guessing these hashes increases exponentially and BTC currently uses more power than small countries. This is a gigantic environmental problem. 2. Transaction times are too slow. Because of reasons mentioned above. This limits the practical usages. 3. Very hard to update the technology. Updating a hash function, consensus algorithm, or similiar require 51 % of the btc network to agree on the change. This is very difficult in practice. 4. No in-built self-regulation. Again, this limits the practical applications. Who the fuck would trust their money with a coin that changes value as the wind blows? Other currencies have built-in regulations that makes sure you don't lose all your money in an hour. 5. Too technical for the general public. People seem to hope that BTC one day can become a currency for the general public. It is by design way to technical for the average person to user and more importantly trust with all they're money. Who would put they retirement into a weird technology they don't understand? 6. Much better technologies exists already. Etherum. Any shitcoin that uses Proof-of-stake should or similiar better consensus algorithm solves the power-usage problem. 7. Anonymity (And greedy exchanges). All transactions in BTC are actually public. So if someone one day unravels your and a bunch of other ID's, then all your transactions are now exposed. This is a realistic senario that this will leak with time. NSA for instance can map ID's to names using time-correlation attacks, google searches etc. And once it happens you are fucked for your past 10 years of transactions. 8. Not decentralized. 7 mainly chinese pools control 75 % of the computational power. Do you trust private chinese companies with your money? 9. High transaction fees. Again, there's nothing to do about this. It's a core part about BTC's design. Source: I have a background in math/CS
2021-01-12 10:40
Topics are hidden when running Sport mode.
Yes, buy DOGEcoin xDXD
2021-01-12 10:41
READ MY THREADDAADAD!!!!1
2021-01-12 13:46
1 reply
Ok I'll buy dogecoin
2021-01-12 13:50
btc fanboys inbound
2021-01-12 13:51
too late, I bought 10x 3070
2021-01-12 13:52
1 reply
u can sell me one, offer at priv
2021-04-08 14:44
I'll throw in some more numbers. You can run 4 bitcoin transactions in one second. In contrast, Visa does 1700/s.
2021-01-12 13:53
1 reply
it is a store of value not a TPS coin
2021-01-14 22:27
but crypto in general are good right? you are just pointing ou the problems with btc but other crypto might take off.
2021-01-12 13:53
5 replies
Yes
2021-01-12 15:50
4 replies
Nano is best crypto. No transaction fees and insanely fast transaction speed
2021-01-14 22:44
1 reply
Surdently looks better. It uses proof-of-stake as i mentioned.
2021-01-14 23:25
What are your recommendations to invest in long term? Eth is one of them, but tell me more Sir
2021-04-08 14:52
1 reply
Maybe people should stop seeing cryptocurrencies as investments... I think you are better of buying some ETF's and waiting 10 years. That will likely give you 2x your money back.
2021-04-08 16:56
You can invest in anything if you know when to sell-off.
2021-01-12 15:53
invest in revolver case mens)))))))))))) fast
2021-01-12 15:54
5 replies
Bought 30000 of them. Is it enough?
2021-01-15 19:14
4 replies
no at least 20 million
2021-01-15 19:15
3 replies
Wtf there arent 20milion((( it seems i will never be a good investor
2021-01-15 19:17
2 replies
i already bought all of them sorry bro
2021-01-15 19:18
1 reply
Wtf sell them to me
2021-01-15 21:42
#11
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Belgium lil_vodka
NANO is a great competitor bitcoin is gaining much more popularity gotta admit that
2021-01-12 15:54
3 replies
Nano is better than btc. Its undervalued crypto mainly cus market cap is relatively low. Nano is competitor of btc and Ada is competitor of eth
2021-01-14 22:46
2 replies
#49
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Belgium lil_vodka
you have an idea when it will hit some skyrocket numbers? cuz i listened to some webminars of the future of the digital coins and it will take some longass time before it will work like hell
2021-01-14 23:20
1 reply
It might aswell never. No dev funds anymore and not big enough marketing behind them. Besides nano got fked by bitgrail which was essentially a scam. Alot of ppl still havent gottem over it. First step for nano and Ada would be to get listed on coinbase (biggest exchange) so they get more exposure.
2021-01-15 09:18
How much?
2021-01-12 15:58
I don't really understand crypto although I hope some really secure and fast ones do well. For the time I stick to the only coin I understand and that is gold.
2021-01-12 15:59
my wife and i thought about this too and we skipped it, well wroted btw dude! if we'll go into anything it'll be etherum but i dont see ourselves going inthere in the next months so i guess we lay off this shit cuz eventually its air.. we prefer investing in physical things such as gold, still a bit more certainty than this e-world...
2021-01-12 16:04
3 replies
badly written and bad decision enjoy buying in at 100K
2021-01-14 22:14
1 reply
are you mental? who says im even planning on buyin it.............? reading is superhard for many of u weeps inhere init?! 😉 i aint buyin air, if i'm buyin/investing in anythin, it'll be GOLD.
2021-01-15 19:10
Buy Ada its better version of eth
2021-01-14 22:47
I invested in bc and now I am a millionaire. I guess you are wrong then;)
2021-01-12 16:09
1 reply
Are you?
2021-04-08 14:54
#16
rain | 
Kuwait roye
TL;DR btc is no better than playing the roulette. , yes btc is like playing roulette but you are the casino this time
2021-01-12 16:12
#17
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Russia RogueDecay
sold on 39k, its so easy to read this shit its unfuckingbelievable
2021-01-12 16:24
4 replies
bad decision
2021-01-14 22:13
3 replies
#52
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Senegal amazed1337
If it doesn’t break the 41k resistance in the upcoming days, it might be a good decision. Although I think that BTC will reach 58k or even more.
2021-01-14 23:22
2 replies
I am talking long term, 10yrs or so. 39K , 40k, 50K. 60K., it will not matter, those will be miniscule numbers
2021-01-14 23:25
just curious how did you came up with 58 precisely?
2021-01-15 21:59
I had a few hundred on the wallet when the 1300% inflation hit. What were you saying again? But yeah i knew i lucked out and cashed out most, back to a few hundred and 2y ago they fell 20%... Now are up again :3
2021-01-13 11:07
3 replies
From a longterm perspective, it's pretty risky to hold onto btc, no? So in terms of profit, you made a good decision, no? I am an absolute newbie to cryptocurrency and not that financially literate when it comes to investing, but what I'd like to understand is the long term investing. It might collapse one day due to unexpected causes like when most of the BTC used to be stored in JPN's stock market and some thieves stormed it and wiped it clean and the BTC back then dropped enormously... I am sure since then, the finances might be secured well, but still there's some "hazard" / risk or chance that it might collapse suddenly again and won't get back to it's peak... I guess this high risk / reward is a big part of investing in general then... and be it cryptocurrency or some stocks it does not differ that much, right? It's about the "timing" of selling it for profit? Or is there an actual reason to just leave your money in BTC or Etherum without monitoring it from on a daily basis? Because unlike real estate which usually grows in it's value over time, the currency sooner or later hits its peak and then everyone will just panically sell, no? :D
2021-01-14 22:44
2 replies
Panic sell only happens when the big sharks sell at ATH and the noobs see line going down so they sell only for big sharks to buy at dip. Panic sellers are braindead
2021-01-14 22:55
1 reply
#53
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Senegal amazed1337
+1
2021-01-14 23:23
Didn't even read but bitcoin is a dogshit and useless currency. It's useless and it's value gets boosted by brainwashed idiots. Can't wait for it to collapse and all the idiots lose their money.
2021-01-13 11:10
6 replies
Are you an idiot?
2021-01-14 22:10
Are you an idiot?
2021-01-14 22:12
#25
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Italy kyoor
the demand rises while the offer over the time decreases many btc will be lost over time, and there is a limit on how many btc can be made the more btc gets mined the slower new btc get into the market im def not an expert but its just basic economics
2021-01-14 22:19
2 replies
Even if there is only 1 btc left, whats you gonna do with it? Bitcoin as a currency really is useless and it's not gonna be a store of value when all btc are mined.
2021-01-14 22:57
1 reply
yes it will be wtf
2021-01-14 23:25
#33
cArn | 
Ukraine Nzr0
Guess what. It is how also stock market works.
2021-01-14 22:50
you are stupid and your math/cs background means fuckall /closed
2021-01-14 22:12
1. Not a problem. Christmas lights use more energy than btc mining. Many is done with renewables e.g in Iceland there is a huge factory and loads is done with surplus (otherwise wasted) energy. It is good as it means a secure network. 2. Not an issue. It is a Store of value not a x trx per second coin. No one cares about that. 3. No it isn't and ECDSA, SHA256 etc will not be replaced any time soon. 4. 0 understanding. Read more. 5. Condradicts #6. BTC is far more easy to understand than ETH. Also it is easier to understand btc than fiat. Do you know what an ISBN or do you think the general public knows that? Didn't think so. 6. lol 70% premine, unlimited supply. 7. Full node, coinjoin, coin control. 8. Wrong. 9. SoV Really weak arguments, but you are probably malding so it is understandable. Have Fun Staying Poor
2021-01-14 22:43
1 reply
If you don't think it is a problem that BTC uses an insane amount of power then I'm not gonna try to argue with you. For 8. buybitcoinworldwide.com/mining/china/
2021-04-08 14:39
#32
cArn | 
Ukraine Nzr0
5. Too technical for the general public. People seem to hope that BTC one day can become a currency for the general public. It is by design way to technical for the average person to user and more importantly trust with all they're money. Who would put they retirement into a weird technology they don't understand? Horrible argument. People get a fking uni degree to understand what taxes they are paying and why they need to do so.
2021-01-14 22:48
6. Much better technologies exists already. Etherum. Any shitcoin that uses Proof-of-stake should or similiar better consensus algorithm solves the power-usage problem. can u rephrase this one pls? do you recommend for them to invest in ethereum instead?
2021-01-14 22:50
1 reply
Ada 10x better than eth kek
2021-01-14 22:52
If ur not dumb you can easily make money off of btc. Either Go short or buy at discount during dip or crash instead of panic sell
2021-01-14 22:51
3 replies
shorting btc is for <50 IQ people
2021-01-14 22:54
2 replies
Lul muh hodl. If ur pro u Just short. Requires big balls aswell
2021-01-14 22:56
1 reply
and weak hands learn to read a 11yr log graph, fool
2021-01-14 23:00
Too late i bought cause Tor Browser Official convinced me :((
2021-01-14 22:56
6) whats about monero? where to invest instead? What future do you see for the crypto currency thing?
2021-01-14 23:00
#44
Per0N | 
Venezuela 643
even your tldr is too long bro, all you had to write was "btc is no better than playing the roulette"
2021-01-14 23:01
#45
 | 
Finland Lupuu
Doge Coin > bitcoin
2021-01-14 23:13
#46
rain | 
Kuwait roye
i made conclusion that haters like this pumped bitcoin so hard made many people millionaires
2021-01-14 23:14
buy cs skins
2021-01-14 23:16
Okay, but I already made 10k off Bitcoin.
2021-01-14 23:17
Thanks bro, I wish I had read this when I bought it at 7k Oh wait
2021-01-14 23:21
almost everyone who bought ever is in profit. HAVE FUN STAYING POOR AHAHHAHAAHAHA
2021-01-14 23:22
invest in dogecoin.
2021-01-14 23:25
Bitcoiners most delusional and stupid axaxaxaxaxaxaxa buy thing that dont exist for $60000€ aaaaaaaaaaaaaaaaaxaxaxaxaxaxa
2021-04-08 14:41
speculation bubble imo, until someone hacks it xD then it will be over of bitcoin, cuz 0 trust
2021-04-08 14:49
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