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53136120 No.53136120 [Reply] [Original]

Why is Bitcoin so low right now?

>> No.53136138

>>53136120
UTXOs are undervalued because people don't realize how scarce they are

>> No.53136152

>>53136120
people do stupid things like holding fiat money

>> No.53136165

>>53136120
manipulation

>> No.53136171

>>53136120
investors priced in the lack of money printing in the foreseeable future

>> No.53136183
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53136183

>>53136152
>dude you're losing 7% per year with inflation by holding FIAT
>just hold this hypervolatile asset that can crash 80% in a year

>> No.53136208

>>53136183
literally yes, it crashes 80% every 4 year and goes up 10x, do the math considering cycles

>> No.53136212
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53136212

>>53136208
>he fell for the cycles meme

>> No.53136376

>>53136212
I tols you already to check 2020

>> No.53137702

>>53136120
because it's a failed project and resembles a CBDC trial run more than decentralized p2p cash. Those who see the writing on the wall have abandoned ship.

>> No.53137843

>>53136120
Imagine crabing a desert for 3 years

>> No.53138146

>>53136120
Because nobody wants to buy it. The price will keep going down until someone wants to buy it.
Any more stupid questions?

>> No.53139550

same goes for BitDao's Bit that's undervalued if you take into consideration that its giving you control over the largest community governed treasury

>> No.53139974

>>53136152
this, they hold shitcoins like btc and eth as well