/biz/ - Business & Finance

If this is supposed to be an hedge against governments and central banks, why it dumps when stocks crash?

This piece of shit will never be over 12k again. There is not enough volume in the whole crypto market. Its a joke.

>what are some must haves for a first timer?
Well, what do you guess?

Say it with me /biz/

>ZERO ADOPTION

Bitcoin was supposed to be a hedge against the recession. What the fuck happened?

I came up with a brilliant way to solve the scaling problem with Bitcoin even with only 1mb blocks, it's really simple:

What we need to do is book our transactions in advance, for example if you need to buy groceries next month you book your transaction for a month in advance that way you will ensure that you will have the lowest transaction fees. For people that need to make emergency purchases like insulin they can just pay a fine ($100-200 would be reasonable) to the person who booked their transaction for that block, that way people are encourage to book their transactions as they could make money from it.

Also another way that will help is if you bundle all your transactions into one transaction, for example if a company expects to buy $200,000 worth of construction materials from another company in a year they can just send $200,000 worth of Bitcoin to them at the start of the year and have that amount be in credit for future purchases

Besides pure speculation, what are the factors that have an influence on bitcoin price (and cryptocurrencies in general) ?