Please tell me if I'm wrong

[Anonymous No.17902145]

I have been reading Signals from Pippa Malmgren last year and to go give a quick TLDR: this book teaches you how to recognize signals before a crisis (like examples of signals all over the world before 2008 crisis happened). If you recognized these signals, you could have prepared yourself for a major crisis by connecting the dots.

Back in 2019, massive amount of people were buying BTC in Venezuela because of the hyperinflation. So why did they buy it?

>muhh store of value

I don't care about that part. I realized that BTC could be king in a hyperinflation situation because of the fact that it's the most liquid and easy accessible asset AFTER fiat. Not to note that nobody can take that shit from you. Imagine if banks won't allow you to withdraw 50 bucks. You get the idea.

What I'm trying to say is: we are sleeping on the fact that we have seen tiny examples all over the world about what happens with BTC in shitty countries. Now that we all speculate on this happening to us, should we seriously consider putting some money into BTC?

>BTC maximalist

Im a stinky linkie but It's the first time ever that I'm considering to buy a shitload of BTC since 2016 (with FIAT ofcourse).

[Anonymous No.17902431]

It is already confirmed. It is difficult to aquire yes? Easily traded yes? Why can't I have 1000btc? Why can't I have 1000oz of gold? Why can't I have 1000guns? What's easiest to safely trade/manage as value?

[Anonymous No.17902466]

>>17902145
Bump

[Anonymous No.17902495]

>>17902466
If people don't reply to your gay thread it's because they don't think what you have to say is important enough to talk about.

Bumping your own thread is bad manners. Sage.

[Anonymous No.17902500]

the price of bitcoin is explained by these three graphs

btc has a limit on demand of 144mb/day. It's already reach max adoption

[Anonymous No.17902555]

>>17902495
cool story

>>17902500

What's the yellowpart?

[Anonymous No.17902562]

The whole point of buying bitcoins and precious metals is anticipating the event where the banks and the world governments HAVE to peg their currencies to sound money.

Venezuela is a special case since there economy revolves solely around oil exports and all the money goes into paying for the military to keep the socialists in power.

Remember that money is just a intermediary for goods and services. Money, gold, silver, bitcoin isn't valuable if there are no goods or services to purchase

[Anonymous No.17902578]

my dude, super mario internet monies will have no bearing (no pun intended) when people are fighting for resources.

I feel as though we are gonna witness a return of the 'cash is king' collective attitude.

Lets face it, people need a physically tangible thing to relate money to, and in times like these even more so.

Imagine , all these people on lock, the banks in a state of uncertain free fall.

Well, how do you go to shop, pharmacy, or buy weed and alcohol when you could put your plastic in the machine and it declines because your bank evaporated overnight.

People gonna return to paper money for abit, its the only thing that has a remote store value, inflation or no inflation.

[Anonymous No.17902609]

>>17902555
yellow part showing saturation in adoption.

i.e. this anon >>17902500
thinks that we hit the peak of BTC, which I desu kinda agree with what with the halvening making it incredibly difficult to mine, miners (whales) will probs dump they're bags on the run up to this halvening.

That will either make BTC incredibly valuable due to rarity, or it will be de-funked and replaced with a altcoin that can actually handle transactions in under 6hrs.

I personally think the latter.

[Anonymous No.17902704]

>>17902578
>I feel as though we are gonna witness a return of the 'cash is king' collective attitude.

Only until the bottom, at which point we will fomo into stuff like UND and it will literally 100x over night.

[Anonymous No.17902721]

>>17902555
the s curve the cumulative graph of the normal curve

100% adoption of btc is 1mb per 10minutes

[Anonymous No.17902783]

>>17902704
my god, for 3 days now you been shilling this bullshit.

NO ONE IS GONNA BUY YOUR BAGS PARJEET!

[Anonymous No.17903140]

>>17902578
>get a 5$ note
>it is infected
>die

meanwhile the only readily available medium that can't be locked yet easily transferrable is crypto

[Anonymous No.17903154]

>>17903140
>t. 1980s timetraveller

[Anonymous No.17903196]

>>17902495
Bump

[Anonymous No.17903313]

>>17902145
>https://www.crypto51.app/coins/BTC.html
>Estimated cost of 1 hour 51% attack
>$440,706
fuck I didn't even know it was that low. do you think big money will flow into an asset that can be fucked for $440k/hour? just yesterday the money printer brrrred $1T, that could be enough to 51% attack bitcoin for 2272727 hours (~259 years).

[Anonymous No.17903371]

You should read an actual risk analyst and option trader (i.e. skin in the game) like Nassim Taleb, who actually profited from the market crisis. The reason Venezuelans bought shitcoin was because their currency is quite literally fucking worthless and is backed by a government in shambles of a country in decline. The US dollar is backed by the most powerful and rich country on the planet, the odds of this fiat currency becoming worthless is pretty much impossible, maybe if a meteor hits the entire United States.

[Anonymous No.17903380]

>>17903313
What I don't understand about an attack like that is that the person (or group) that controls this power, would do it. The coins would be worthless after such an attack which kills the financial purpose of that person (group).

>CIA

If they could do it, they would have done it already?

[Anonymous No.17903818]

>>17902145
You'd be right, but bitcoin as in everything it was supposed to be- has the BSV ticker.
Instantaneous, moving towards unlimited txs (already far, far higher than BTC at 7 txs) and therefore highly liquid and accessible worldwide.

[Anonymous No.17904030]

>>17902145
all right, but remember the Bitcoin ticker is now BSV

[Anonymous No.17904168]

>>17902145
mfw he hasn't realized that altcoins exist for the sole purpose of accumulating BTC

[Anonymous No.17904222]

>>17903818
>>17904030
repent

>>17904168
So you are indirectly agreeing with what I said?

[Anonymous No.17905297]

>>17902145
ive been saying this over the last 3 weeks already but nobody listened.

what youre saying is 100% right and it is also the reason btc will surge to 3Mil within the next 1-3 years (and because the dollar will lose a ton of purchasing power)