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25343515 No.25343515 [Reply] [Original]

Why IS bitcoin mooning anyway?
I know society is going to collapse next year which will be bullish but we're not there yet.

>> No.25343649

>>25343515
Time to cash out, nigga.

>> No.25343665

>>25343515
>social collapse
>bullish
ngmi

>> No.25343687
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25343687

>>25343515
>>25342098

>> No.25343705

>>25343515
Bitcoin is always mooning retard. It never stopped. The only time it isn't is when the majority of people that are in are idiots that don't understand what Bitcoin is and pull out on pullbacks. The question you always have to ask is: Who are the people currently in the game?

>> No.25343776

>>25343515
Grayscale and others still spending 100s of millions at ATH on bitcoin.

>> No.25343807

>>25343515

Billionaires have decided that they're going to use it as a hedge against the coof money printing inflation.

>> No.25343898

>>25343665
It is though
Even if mining farms become derelict, that just means we can mine on solar powered laptops
Or just by hand with a slide rule

>> No.25344016

>>25343515
USD will burn.

DIA will do what LINK did soon.

>> No.25344021

>>25343515
>Why IS bitcoin mooning anyway?
Because tether has been pumping the price without any funds to back it up. Everyone knows this.
As soon as the SEC investigates tether, the crypto market will collapse.

>I know society is going to collapse next year which will be bullish but we're not there yet.
If that were the case, then crypto would become worthless as well.
First of all, it requires electricity and the internet to function, so gold would be a much better store of value in a case of total collapse.
Second, if you look at the price in March/April, it fell just like the price of the stock market. If crypto was a true store of value (instead of a speculative asset) then it would have risen.

>> No.25344215
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25344215

>>25343515
Because over 40% of all USD ever created was created in 2020 and rich people are scared there will be hyper inflation.
https://fred.stlouisfed.org/series/M1