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52822922 No.52822922 [Reply] [Original]

>> No.52822933

>>52822922
Bitcoin is a failure as a currency and a failure as an inflation hedge. The currency fail I was over, but seeing how Bitcoin failed as an inflation hedge I know now only to use it for gambling/trading. The true use case is a decentralized ponzi for gambling, oh well

>> No.52822963

>>52822922
Sounds like he's saying it's uncorrelated with traditional markets, which is a prized quality.

>> No.52822968
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52822968

>>52822933

>> No.52822970

>>52822922
I blame the Bobos who picked up the forced meme of inflation is bearish and now the damage is done

>> No.52822976
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52822976

>>52822922
cope

>> No.52823374

>>52822922
It's a hedge against nocoiners

>> No.52823414

>>52822933
That's not Bitcoin that's BTC. Only an idiot would take that shit coin seriously. Real Bitcoin (BSV) works great as a currency and can do the job of the 20k other shitcoiners on layer 1 no problem.

>> No.52823444
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52823444

>>52822922
it's a hedge against banks and government. simple as

>> No.52823447

>>52822922

Whoever posted this is an actual, legitimate retard. I mean that sincerely. We all call each other retards on here, but this this post is so stupid, this person actually belongs in a mental ward.

Bitcoin does well when:

- The Dollar is weak (on the DXY)
- Inflation is low
- The NASDAQ (Tech Stocks) are advancing
- Low market volatility
- Low FED Funds rates

>> No.52823506

Is this another bottom signal?

>> No.52823551

>>52823447
also when fed's M2 supply is high