Make your vote, Bitcoin will hit 18K now?
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If this Bitcoin maximalist is forced to sell his stash -> Bitcoin's plunge spells trouble for the dot-com era entrepreneur who went all in
we will have to discuss 8k instead of 18k.
Just wondering how somebody who runs a company of that size and navigated it successfully through the dot-com bubble can be so naive .... .
we will have to discuss 8k instead of 18k.
Just wondering how somebody who runs a company of that size and navigated it successfully through the dot-com bubble can be so naive .... .
Yikes.
Quick somebody ask Tether to print some more USDT out of thin air and start buying up BTC to support the market...lol.
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.
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.
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.
Yes, and a 1980 Chevrolet Suburban is still a 1980 Chevrolet Suburban today. It is just worth a bit less.
I don’t need to do that.
Incorrect: I see a $ value beside btc that changes. I don’t have fiat.
Some coins are inflationary, some are not. For example the centralized shitcoin known as USD is very much inflationary and the CAO managing it is run by psychos governed by a senile guy called Brandon. No one even knows their balance sheet rof/%
Incorrect: I see a $ value beside btc that changes. I don’t have fiat.
Some coins are inflationary, some are not. For example the centralized shitcoin known as USD is very much inflationary and the CAO managing it is run by psychos governed by a senile guy called Brandon. No one even knows their balance sheet rof/%
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.
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.
Yes and it is as useful today as it was in 1850: you can build pretty little things to try to please chicks. Usually with low rate of success if not coupled with more or less colored stones.
Aaaa the Silverado ki#¤% priceless
Yes, it can be yours for 50 btc
Aaaa the Silverado ki#¤% priceless
Yes, it can be yours for 50 btc
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.
Bitcoin rate in USD changed 60% in a year, so what? Only good for me that I keep converting USD into btc at lower prices.
But I am not going to sell all of my property.
But I am not going to sell all of my property.
Why should I care about how many unwanted USD I will get for something that I don’t want to sell?
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.
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