Literal cult

Question

Literal cult

Imagine the amount of suicides that will take place if governments all around the world decide to ban all Centralized Exchanges and Bitcoin goes fully 100% P2P and nobody is able to exit with any significant amount of liquidity anymore

B-but muh based Blackrock bought, they would NEVER allow the Government to ban CEX's

This is the Bitcoiners of today, literal sell outs to the very institutions it was meant to protect you from LOL - Good luck with trusting Blackrock to convince future Governments not to fuck with Bitcoin

ban all Centralized Exchanges and Bitcoin goes fully 100% P2P

would be based af, fuck the cex exit liquidity niggers! NOT YOUR FUCKING KEYS KIDS!

would be based af

Bitcoin would dump down to probably $100 to $200 if that happened.

cool, maybe I would buy some, since I am all in eth since 2016.

Would be based if it became usefull. Honestly I'm more into the idea of using bitcoin than investing in it.

I don't give a shit about any of that bullshit, your job is to just BUY BUY BUY, BUY with whatever you can sell whatever you need, you must buy every fucking month.

You dumb fucks wanted Bitcoin? Now eat it out you fucking degenerates. Eat that turd, eat it NOW! After so many years, after it has become blatantly obvious that it won't do anything useful, BTC dominance is at fuckin 56% and it's likely getting even higher. It's obvious this market is dead, but I want more than a 60% gain in 7 fucking years, so you need to PUMP this piece of shit, I don't care how.

Anyway just pump BTC, PUMP PUMP PUMP!!!! Fucking retards.

Most honest Bitcoiner

TC dominance is at fuckin 56% and it's likely getting even higher.

yes

Nobody actually uses crypto as money (exchange for goods and services), so governments won't bother.
It looked more dire when people actually thought crypto would threaten central banks. But nobody is using bitcoins to buy pizzas in 2024.

If Bitcoin becomes a threat to the elites in the western world, it will be neutered via mass CEX bans

China doesn't allow CEX's, there's a trillion dollars worth of Chinese money thats being held back purely by that fact, its why Crypto is so small in China

If the West ends up going against Crypto for some reason, you can expect the same response. On-ramping completely fucked, massive escape on the off-ramps to get out.

Goes back to being 100% P2P

Price will go back down to the low 3 digits.

subject unrelated to comment

seething about bitcoin

Always wondered how a protocol caused such visceral reactions

I am not buying anything with my eth, I am cashing out to the actual goverminvót pesos and buy stuff with that.

Imagine banning your nr1 money laundering tool.

Not sure if its just my autism, but i think a lot of people here lack autism, which is why you are missing pieces of the puzzle in what threatens bitcoin

Governments want to control the money, and they will be introducing CBDC's in the future sometime, this is not a matter of IF, but WHEN

Now all it takes is governments to decide "Sorry, Your CBDC's cannot be transferred to Cryptocurrency exchanges, because reasons" - now imagine nobody is able to transfer money anymore?

This isn't even taking into account a flat out ban on all CEX's globally

CBDC very goods SAAAAAAAAR! FASTER FUNKOS!

I think its going to slowly replace currency in middle and low income countries over time

governments all around the world decide to ban all Centralized Exchanges and Bitcoin goes fully 100% P2P and nobody is able to exit with any significant amount of liquidity anymore

this would send the price to 99999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999USD

FIAT is going to 0.00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 sattoshis

I dont think you understand what shutting down all CEX's means for Bitcoin.

You cant transfer large amounts of money into Bitcoin anymore without a centralized authority to middle man the transaction

Bitcoins price would collapse.

Whats the problem? 1 bitcoin = 1 bitcoin

All you need to do is find a buyer which can be done with a p2p peer find system, some of those probably can't be shut down because you would need to shut down the entire internet for that

Yes, but that would dramatically reduce the price of Bitcoin.

Its funny because everyone claims Centralized Exchanges like Binance cause the price of Bitcoin to be less, but in reality these exchanges do massive amounts of fake volume, and the order books are fuck as fuck driving the price higher and keeping it stable at a higher price than it actually is

So what people think is manipulation in keeping Bitcoins price LOW is actually manipulation in it being kept HIGH

Without Centralized Exchange VOLUME and LIQUIDITY and FAKE order books, the price of Bitcoin would collapse to low 3 digits.

There's no reason for it to become cheaper just because CEXs get shutdown, people will just flood to use the CEXs that can't be shut down

Would be based if it became usefull. Honestly I'm more into the idea of using bitcoin than investing in it.

Nobody actually uses crypto as money (exchange for goods and services)

what is XMR?

cults are based.

What keeps a price high of an asset is its ability to be easily transacted, no CEX = hard to trade the asset

If that was true dollarbros would be on the top of the world right now

Lol. So if this hypothetical situation happens do you think all that value tied up in bitcoin just evaporate into thin air? If CEXes are banned the same way the sell volume would halt as the buy volume

Low volume with inability to buy or sell in large quantities means you will have millions of small holders who hold 1-10 bitcoin looking for the exits. Whales will no longer have selling power on any OTC market because any legitimate and trusted OTC dealers will have been shut down along side all the major CEX's.

It will become a race to the bottom for anyone whose able to get a P2P buyer to actually buy it from them.

The amount of people who have the capability to P2P is very tiny. 99.9% of of people keep their Bitcoin on exchanges.

late adopter cope threads like this remind me a lot of 2017

dollarbros are on the top of the world. They can exchange their dollars for practically everything everywhere on the planet

First heard about Bitcoin in 2012, been here since 2015.

You're making a lot of assumptions here. If CEXes are banned don't you think the invisible hand of the free market would move all that volume and liquidity over to DEXes and P2P trading? New P2P exchanges will pop up as the demand arises for it. And ofc people who would keep their bitcoin on exchanges will lose their coins, but that is a story as old as bitcoin

Okay, I didn't say CEX's will just all go down 1 day and everyone will lose their Bitcoin.

I am saying it will be a controlled closure of all CEX's because "reasons"

It would also be from multiple attack vectors

The introduction of CBDC's, forced closure of Centralized Exchanges - this will be the Death Kneel for Bitcoin.

and Bitcoin goes fully 100% P2P

It failed in that regard literally a decade ago.

Yes, and check the price of what it was when it was P2P.

Expect that price range again if CBDC's completely halt on-ramping and Centralized Exchanges are forced to close.

I have a bunch of BNB on binance
Is it a good time to buy BTC or do I hold?

Literal cult

And it's a good thing. I hope it becomes the dominant religion one day.

Bitcoin goes fully 100% P2P

we already in the state

Bitcoin goes fully 100% P2P

we already in the state
(You) dont fell it cose (You) poor

Monero maxi cope thread