Bitcoin Is Completely Failing as a Safe Haven Asset

[Anonymous No.17648301]

When will you retards learn it's time to let grandpa die?

[Anonymous No.17648316]

you really can't expect it to behave in an uncorrelated fashion once "institutional money" owns it, since at that point it's just another thing to sell to raise cash.

[Anonymous No.17648318]

1 BTC will always be 1 BTC

[Anonymous No.17648325]

>>17648301
chainlink is the global safe haven.

[Anonymous No.17648332]

>>17648301

[Anonymous No.17648345]

>>17648301
Can't kill what's already dead.

[Anonymous No.17648351]

it's still highly volatile and will be for probably another 5-10 years
you are genuinely retarded if you actually believe in safe haven anything

[Anonymous No.17648360]

>>17648332
based

[Anonymous No.17648365]

>>17648325

[Anonymous No.17648380]

>>17648318
a worthless hash will always be a worthless hash

[Anonymous No.17648388]

>>17648318
Cope

>>17648316
Cope

>>17648351
Cope

[Anonymous No.17648409]

>>17648325
Unironically this. It has an actual use case. Why would I wanna hold "BEETCONE" something that retarded beaners are stocking up on?

[Anonymous No.17648419]

>>17648301
I just don't see the point of an alternate investment to stocks that simply fall at the same rate as stocks because you think there is this inherent 2% chance it moons to 1 million a coin but I dunno

[Anonymous No.17648430]

>>17648380
okay Peter Schiff

[Anonymous No.17648442]

>>17648409
>>17648325

These are both based enough takes. I'll allow it.

[Anonymous No.17649017]

>>17648301
>Bitcoin Is Completely Failing as a Safe Haven Asset

How dow is almost at 2016 levels when btc was 500 usd if not less.

Meanwhile btc is orbiting between 8000 to 9500 for the last months.
And the central bank pump has not even started.

[Anonymous No.17649162]

>>17649017
What are you talking about? Dow's chart looks way better than BTC's.

[Anonymous No.17649223]

>>17649017
>>17649162
Here's a better chart, one that compares Dow with BTC.

[Anonymous No.17649567]

>>17649223
Dow 1st of january 2017: 19700
BTC 1st of january 2017: 961

Do the math anon , btc needs to lose 90% of it's average price to reach 2016 levels.
Meanwhile the dow may reach that this week.

Yes the btc chart is more volatile but remember the inflation was 4% per year for the last 4 years there was incentive to cash out to fiat in 2018.

[Anonymous No.17649581]

>>17649567
And we are 60 days from the inflation being reduced bellow fiat and central banks may need to start pumping the economy hard now to prevent a disaster thus increasing fiat inflation.

[Anonymous No.17649615]

You fucking retards.

Precious metals and Bitcoin are not substitutes.

Gold is a hedge against bear markets. Bitcoin is a hedge against bail-ins and central banking policy.

[Anonymous No.17649639]

>>17649615
I have been saying this for years; yet Bitcoin ads continue to shit all over gold.

[Anonymous No.17649664]

>>17649615
>Bitcoin is a hedge against bail-ins and central banking policy.

Quantitative tightening has stopped since early last year, now with this shitstorm central banks bail ins are going to start.
We are going to see modern monetary policy keynsian stupidity now to prevent this.

Crypto and PMs are going to the moon for real.

[Anonymous No.17650221]

>>17649017
>Thinks speculation didn't play a role in any of that.

[Anonymous No.17650467]

>>17650221
of course it's speculation fag , every investment is speculaton even you buying stuff in the supermarket is speculation.

Fact is that bitcoin , monero, ltc and other cryptos have very low inflation now so they will suffer a long term upwards pressure.

[Anonymous No.17650524]

>>17648301
Right now Bitcoin is for speculation. It was never a safe haven. It will eventually become the new reserve currency though. Don't try to time the markets and you won't get burnt.

[Anonymous No.17650590]

>>17648301
Bitcoin is ancient technology and the ultimate shitcoin.
It's like the Ford model T of the automobile industry.

[Anonymous No.17650682]

>>17650590
Its currently the only coin that actually takes its purpose seriously. Constant protocol changes are the last thing you want when it comes to money. Its resistance to change is its strongest asset. If you knew anything about computer programming and have met the average programmer it would scare the fuck out of you to realize how easily new code gets merged into other coins because of muh tech

[Anonymous No.17650694]

>>17650682
>ts currently the only coin that actually takes its purpose seriously

[Anonymous No.17651232]

>>17650682
But BTC did change. It's now considered a store of value and not a peer-to-peer currency. Satoshi didn't intend for BTC to be an investment vehicle. The addition of segwit and lightning network, both created as a solution to the scaling problem, changed BTC even further by moving it away from the decentralized model, but none of those two additions actually solves the scaling problem.

[Anonymous No.17651288]

>>17647954
>>17647954
>>17647954

[Anonymous No.17651312]

>>17647954
>achieves the highest-grade of security possible (ABFT)
>The governance model is based on the original model used by National BankAmericard Inc., founded in 1968, and later renamed VISA. It is designed in a way that ensures the governing council can be trusted to do what’s in the best interest of the network
scam detected

[Anonymous No.17651459]

>>17650682
Woke

[Anonymous No.17651528]

>>17651232
Bitcoin didn't change, our perception of it did. We are watching the invention of a new money before us which took thousands of years the first time and will take mere decades this time. Nobody wants to spend 10000 btc for pizza. That was the collective lesson from the past ten years, it has nothing to do with block size or fees. Its not a currency because it has too much volatility right now and the tax implications are not desirable to spend it. SoV comes first, once the value stabilizes them you'll see an explosion of medium of exchange uses through second and third layers

[Anonymous No.17651970]

>>17650682
>>17651528
Based
we moon now

[Anonymous No.17652060]

>>17649223
That isn't even a good chart you need to show percentage gains for a comparison

[Anonymous No.17652103]

Stock market needs to crash fully, like 50% or more. Crypto will pump huge once hedge funds find nothing else to pile into. Precious metals too obviously.

[Anonymous No.17652167]

>>17652103
>Crypto will pump huge once hedge funds find nothing else to pile into.
imagine the squealing from the kikes and shabbos goyim in the government

[Anonymous No.17652186]

>>17648301
>bitcpon price down 10%

-OOh nooo IT's gone It's falling as an asset please help me bizzenanus

kys

[Anonymous No.17652193]

>>17648301
Ahahahaahhahahaha
No it’s not, Bitcoin is up per market percentage, not down.

[Anonymous No.17652250]

Store of Value is the killer app of cryptocurrency

Very few coins do it right

[Anonymous No.17652594]

>>17652186
20% actually

[Anonymous No.17652678]

>>17648301
>Bitcoin has never been through an economic crisis
Amazing how times change.