Make your vote, Bitcoin will hit 18K now?
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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.
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]."
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 ?!
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.
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.
As my business mostly still receive fiat, I use a part of that fiat for fun, the rest to buy crypto.
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.
I do when I have no alternatives, for example few strippers have a QR code tattooed on the ankle.
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?
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.
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.
im pessimistic now seeing bitcoin below 25-22k mark . each time bitcoin enter bear market it does effect my bushiness gross sales .
Yes, that is correct. So, when the NASDAQ hit its bottom in September 2002 it then took the NASDAQ fifteen years (until November 2017) to recover to its previous (February 2000) all-time high.
https://www.macrotrends.net/1320/nasdaq-historical-chart
In other words, now that Bitcoin is correlated to the stock markets, you now need to know the history of the stock markets to know the potential recovery time of the price of Bitcoin if︀ a sustained bear market occurs.
I doubt that most Bitcoin holders are patient enough to︁ wait a few years, much less fifteen years -- especially if they purchased near the︂ market top.
Stocks are backed by real assets, i.e., real running businesses, so long-term investors︃ are patient. Bitcoin is only backed by mere faith and, for most people, faith is︄ easily lost over a long time period.
https://www.macrotrends.net/1320/nasdaq-historical-chart
In other words, now that Bitcoin is correlated to the stock markets, you now need to know the history of the stock markets to know the potential recovery time of the price of Bitcoin if︀ a sustained bear market occurs.
I doubt that most Bitcoin holders are patient enough to︁ wait a few years, much less fifteen years -- especially if they purchased near the︂ market top.
Stocks are backed by real assets, i.e., real running businesses, so long-term investors︃ are patient. Bitcoin is only backed by mere faith and, for most people, faith is︄ easily lost over a long time period.
Main purpose of Bitcoin is to eliminate Third party in financial industry like Bank, Broker etc.
Due to greed of people, Bitcoin turn into casino and money laundering hub. Most funny part is the this exchange like coinbase,binance etc. If you need them to use crypto than what is the need of crypto. What's wrong with traditional Bank ???? Most elite tech rich people does not focus on Crypto adaptation. IN 2022 how many main stream people are not using crypto for day to day to activates. There will be new coin and new exchange appear everyday but people use it is less. Due to︀ lack to adaptation , It turn into the Digital Gold. It just kill the soul︁ of bitcoin. It never meant to be Digital Gold.
Imagine a World Where you buy︂ stock without broker, where central bank can adopt block chain and everybody can buy Gov︃ BOnd without any broker or middle man. Whole life can be run without middleman. Forget︄ the price and Digital Gold thing just try to understand the real Blockchain adaptation can︅ done the miracle.
There are many government welfare scheme, Due to corruption , the needy︆ people does not get benefit. using blockchain you can eliminate corruption . By direct transfer︇ money to needy people.
Big company can eliminate whole financial department.
p.s. I am not︈ expert. just give some thought hope you like it 😎😎😎😎
Due to greed of people, Bitcoin turn into casino and money laundering hub. Most funny part is the this exchange like coinbase,binance etc. If you need them to use crypto than what is the need of crypto. What's wrong with traditional Bank ???? Most elite tech rich people does not focus on Crypto adaptation. IN 2022 how many main stream people are not using crypto for day to day to activates. There will be new coin and new exchange appear everyday but people use it is less. Due to︀ lack to adaptation , It turn into the Digital Gold. It just kill the soul︁ of bitcoin. It never meant to be Digital Gold.
Imagine a World Where you buy︂ stock without broker, where central bank can adopt block chain and everybody can buy Gov︃ BOnd without any broker or middle man. Whole life can be run without middleman. Forget︄ the price and Digital Gold thing just try to understand the real Blockchain adaptation can︅ done the miracle.
There are many government welfare scheme, Due to corruption , the needy︆ people does not get benefit. using blockchain you can eliminate corruption . By direct transfer︇ money to needy people.
Big company can eliminate whole financial department.
p.s. I am not︈ expert. just give some thought hope you like it 😎😎😎😎
Well after the 1929 crash also the stock︂ markets (u.s) took more than 20 years i think to cross the top of 1929.But︃ the commodities and different stocks had their bull markets in between- check charts.Bitcoin is not︄ an index like the NASDAQ. And because btc has a utility and can be used︅ like liquid gold for exchanging money it will be here to stay.Yes -when the next︆ bull market for crypto will arrive is anybodys guess and i dont have a crystal︇ ball and most HODLRS will throw in the towel maybe at the bottom.However BTC /crypto︈ are not going away anytime soon.Rather i think crypto will become even more mainstream and︉ get adopted in our lives like mobile phones have.Any new tech that makes your life︊ easy will stay.So the next bull market whenever that happens is going to be bigger︋ than this.Specifically for the major coins.This was just a trailer.Just like people who put money︌ in penny stocks in the hopes of getting rich dont ever get rich -even here︍ people who will put money in s**t coins will die poor.But the major coins will︎ stay - and you will definitely have a fantastic bull market in them again.
Coming to your real assets part might i remind you that company stocks go to zero️ when they become bankrupt ( all your blah blah hypothesis can nosedive with one wrong decision from the company and nobody can know when it takes that nosedive)and even oil went into negative territory.
Hence the only thing important is whether there are more buyers than sellers or vice versa - because all the hypothesis in the world is not going to put money in your pocket unless confirmed by price action.
Coming to your real assets part might i remind you that company stocks go to zero️ when they become bankrupt ( all your blah blah hypothesis can nosedive with one wrong decision from the company and nobody can know when it takes that nosedive)and even oil went into negative territory.
Hence the only thing important is whether there are more buyers than sellers or vice versa - because all the hypothesis in the world is not going to put money in your pocket unless confirmed by price action.
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