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1822503 No.1822503 [Reply] [Original]

Does anyone think bitcoin will rise due to USA making it harder for the cartels to import drugs?

This is based on the speculation that bitcoin is very much used as a currency to purchase illegal drugs.

The idea is that stronger stance on the border will decrease the supply of drugs, which will increase the demand/price for drugs.

If drug prices go up, I would imagine bitcoin will to.

Thoughts?

>> No.1822513

bitcoin will x10 once we get the etf sooner or later

as fara s your topic goses, mexicans will use bitcoin to cuck trump's wall and the ban on remitances

so yes

>> No.1822530

>>1822503
No, 90% of btc holders are in for speculation. Nobody will buy drugs with a rising currency as you could get more if you're patient (effect of standard deflation). If the price tanks, big investors might sell creating a domino effect. Remember that there are always people who bought at the top and I think that btc is for it's current use overvalued (comparable to the tulip mania).

>> No.1822712

>>1822503
no i think bitcoin will rise if the dollar is inflated like drugs being able to poor in easily. mexicans will start putting drugs in cargo and will increase value of dollar

>> No.1822820
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1822820

Mexicans are too fucking stupid to understand bitcoin. We're about five years away from the average American understanding how to use Bitcoin and 20 years for the average beaner

>> No.1822841

>>1822503
I dont think thats going to have much of an impact,look further into the future where cash is being phased out ,then billions of dollars will have nowhere to go but into bitcoin

>> No.1823096
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1823096

>>1822530
>muh deflation cope
I pay a VPN monthly with bitcoin because I need it and bitcoin is the best way to pay.

If you need something you'll use bitcoin if it's the best deal.

Bitcoin is pro-savings in a world where mindless consumerism is destroying the planet, it makes you value what you are holding instead of wasting it on trash, thats what fiat is for, since they can always print more.

>> No.1823350

>>1823096
Pro-saving is hardly a good thing. A lack in velocity is why we are in a economically stagnating. People save instead of investing, ultimately slowing global trade and general advancements in tech/pharma.
We print money but people don't spend it, the problem being massive inflation if velocity goes back up.

Tldr: saving is bad

>> No.1823367

>>1822820
25 yrs from average citizen. a lot of people don't understand computers. they're like magic boxes for them.