OVZA
New Horizons Paraguay
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Make your vote, Bitcoin will hit 18K now?

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Yikes.

Quick somebody ask Tether to print some more USDT out of⁣ thin air and start buying up BTC to support the market...lol.
 
1) Bitcoin failed as an alternative electronic currency, which was its originally intended purpose (see‌ the original whitepaper).

2) After re-inventing itself, Bitcoin then failed as a store of value‍ uncorrelated with traditional financial markets.

https://www.cnbc.com/2022/06/14/bitcoin-plunge-spells-trouble-for-michael-saylors-microstrategy.html

What will the Bitcoin cult promote as Bitcoin's next︀ re-invented purpose? Perhaps a new poll is needed.

Now, this is really worrisome:

https://www.newsmax.com/finance/str...cryptocurrency-layoffs/2022/06/14/id/1074304/
Why would a crypto exchange slash its workforce︇ by nearly twenty percent -- unless it was also participating in dangerous crypto trading? During︈ an immense period of volatility, a crypto exchange (or any other trading house) should be︉ rolling in cash from the increased trading volumes and the increased revenue from trading fees.︊ In other words, volatile market conditions should add to the profitability of any trading exchange,︋ not reduce it. Something does not smell right.
 
So far it is stable at 22K - since last 12 hours! what do you‌ want more?
 
And so 1 dollar, euro, chf bill is still 1. What’s the point if you need‌ to change it into fiat ? You have less and less fiat.
Or in the‍ perfect crypto world inflation doesn’t exist? Lol
 
Yes, and an ounce of gold today is the same as an ounce of gold in‌ 1850. It is just worth $2,000, instead of $20.

Yes, and a 1980 Chevrolet Suburban‍ is still a 1980 Chevrolet Suburban today. It is just worth a bit less.
 
Ok, so you live entirely on crypto. The⁣ property you were selling still has the same price in btc?
 
Yes, that is why the USD‍ has gained value over the past year, while Bitcoin has lost about 60% of its⁠ value. Nice logic.

Everyone is entitled to his own opinion, but not to his own⁤ facts. The facts are very clear.

And as jjrapy already pointed out, all of your⁣ property is now worth 60% less when sold for Bitcoin. So, your argument in that⁢ regard is utterly nonsensical.
 
The 1980 suburban chevrolet might fetch⁤ a lot in an auction as a vintage car by the way if not now⁣ then definitely by 2050.
 
If the‌ property is real estate it would be valued in dollars not btc as far as‍ i understand.And nobody would be looking at their property price everyday anyway.Even at the height⁠ of the 2008 financial crisis people who bought property with fiat lost as their property⁤ prices came down crashing so what is the logic you are trying to get to??Whether⁣ BTC or Fiat if you did not buy in the value zone there is a⁢ good chance of losses unless you have good luck or a trend that makes up︀ for your folly of getting it timed wrong.
 
I think it is not trading but lending where︃ they might lost a lot, due to counterparty defíult or forced liquidation
 
Again, a classic non sequitur.‍ I could say the same thing about USD or any other currency. There is zero⁠ logic in your statement.

If you were forced to sell today, you would receive 60%⁤ less Bitcoin. That is a fact.
 
That is the exact opposite of‍ the argument that he made.

He stated: "I don’t have fiat." (Post #53) He also⁠ stated: "I don’t need to do that [change into fiat]."
 
If he is selling for BTC and not for fiat why would he⁠ receive 60% less?

If he lists the property for 25 BTC, he will receive 25⁤ BTC even after the crash, they are just worth less in FIAT ?!
 
First argument - read he can always sell‍ his property for Dollars even if he does not have any dollars right now.

Second argument - He doesnt need to change to Fiat because either like most of us⁠ he is not going to sell his property and buy it on a daily basis.Or⁤ he may have other investments which he can use for paying his regular expenses so⁣ he does not need it.eg He may have enough Gold stored in Bullion star and⁢ holding a gold card that allows him to pay his expenses from that or something︀ similar.
 
I responded to‍ his argument, i.e., that he does not use fiat. Changing the parameters of the debate⁠ is utterly irrelevant to the discussion.
 
Ha Ha Ha lolz

On that⁤ note weren't you changing parameters when you said you were an investor but were looking⁣ at the hourly chart?
 
I already explained that.‍ Go re-read my post. An hourly chart is helpful for determining whether the price of⁠ two assets are now running in correlation (a measure of how investments move relative to⁤ one another).
 
I didn't change any parameters though- people can completely live without fiat if the don't⁠ want to.

Right now something has a correlation doesnt mean that in the future also they will have⁢ correlation.
Having said that if stock markets have correlation with crypto then , when they︀ go back to a bull market the crypto market should also go back to a︁ bull market .However as per you they shouldn't because you say that they don't have︂ any intrinsic value. Even mobiles don't have any value if not used for communicating and︃ taking photos. Likewise maybe bitcoins don't have value apart from sending money anywhere to anyone︄ and partly keeping you anonymous and outside the state's control, intervention and its ease of︅ you. But that should be enough of a utility for the product- it means a︆ lot for freedom seekers from the states control.
 
what do⁠ you mean, you can't exchange your BTC to FIAT right now? that's not true, use⁤ kraken and you can do it!!
 
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