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18157591 No.18157591 [Reply] [Original]

Fuark man just doubled the M1 money supply in a week. If this doesn't bring on hyperinflation what the hell will?

>> No.18157613

explain for brainlet? also hyperinfkation bullish for btc no?

>> No.18157639
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18157639

>>18157591
Wait until the bogs chart is updated to reach a conclusion

https://fred.stlouisfed.org/series/BOGMBASE

>> No.18157645

>>18157613
no, it's bullish for gold, nobody believes btc is a store of value after crashing by 50% in a fucking day

>> No.18157678

>>18157645
>nobody believes btc is a store of value after crashing by 50%

It was shorted to prevent people from noticing the fact that it is a store of value.
The dow was 18k last week , when the dow was 18k last time btc was sub 600 usd.

BTC price will go up as the monetary base increases but the current deflationary pressure makes it hard for the market to value stuff with money speed decreasing.

>> No.18157680

>>18157639
>https://fred.stlouisfed.org/series/BOGMBASE
why? the stimulus was $6 trillion.

>> No.18157741

>>18157678
deflation has little impact on bitcoin

>> No.18157838
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18157838

>>18157741
Contrary to what most people think here bitcoin is being used for real every dayto do transactions.

With the world experiencing deflation most of those fiat gateway transactions are not happening.
But i agree that it's holding great given the circumstances.

>>18157680
2 trillion + 800 fed qe plan.

Because the money will not enter circulation inmediately anon that's why the bogged chart is important.

>> No.18157904

>>18157838
i like bitcoin in theory
but its not mass adopted yet, thus low reaction to deflation, sorry dude just the way it is right now

>> No.18158061
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18158061

>>18157904
>but its not mass adopted yet, thus low reaction to deflation, sorry dude just the way it is right now

The fall from 9000 to 6000 is due to the deflatrionary force.
Transactios per day collapsed as soon as the layoff started due to the deflation.

BTC however reacted wonderfully , the hashrate collapsed too , and as blocks were created slower every 15 minutes daily inflation went almost bellow 2% which increased the price from 3900 to 5200 and then 6700(the hashrate adjusted back here).

I am more optimistic than ever on bitcoin if it can survive this deflation level it will survive everything.

>> No.18158084

>>18157591
If the money does not go into circulation then it won't.
If it goes into circulation have fun buying milk for $100

>> No.18158173

>>18157678
>when the dow was 18k last time btc was sub 600 usd.
This is being slept on.

>> No.18158233

>>18158061
lmao btc is propped up by tether printing you absolute mong
nobody cares about the hashrate or any of the other technobabble

>> No.18158354

>>18158233
>lmao btc is propped up by tether printing you absolute mong

A brainlet idea and localbitcoins data shows this.
Hell here on argentina btc is being traded at 8600 usd atm due to the high demand.

>> No.18158397

>>18158354
>argentina
hello my dark friend

>> No.18158445
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18158445

>>18157639
>https://fred.stlouisfed.org/series/BOGMBASE

zoom out. The only anomalous thing I see is this 2015-present downtrend.

>> No.18158492

>>18157591
Hyperinflation is a meme when you're in ARPA and gaining 4% * 400% * ? on binance staking.

asia will reign soon.