/biz/ - Business & Finance

[Anonymous No.52363580]

BTC maxis keep being proven right about everything.

[Anonymous No.52363602]

>>52363580
Yeah BTC just bankrupts countries like El Salvador kek.

[Anonymous No.52363700]

bitcoin has always been entirely separate from everything else that followed it, anybody trying to deny this simple fact is just coping about missing out on the birth of the next millennia of money

theres always more money to be made in alts, but that's only because all alts exist in a parallel stock market, divorced from the underlying scarcity and uniqueness of bitcoin, competing as technology products.

[Anonymous No.52363773]

>>52363580
Buddy, we have the highest inflation in 40 years and BTC is -80%, they aren't right about fuck all.

[Anonymous No.52363842]

Except every single log chart, even the ones they modified 5 times.
Except for every single “this time is different”
Except the “bitcoin never dumps bellow previous cycle ATH.”

[Anonymous No.52363898]

>>52363773
bitcoin went from $6 to $60,000 during that inflation.
it went from $60,000 to $16,000 when inflation was public and being reduced.

[Anonymous No.52363945]

>>52363898
yeah it mooned right along with the stock market, and then when the FED cut off the easy money it collapsed while inflation kept rising. it's literally just another inflated asset by the FED, if it wasn't it'd be like $80k right now being deflationary and all. Bitcoin was supposed to be a hedge against high inflation, this proves it's not but just a fueled FED bubble like everything else.

[Anonymous No.52364621]

>>52363945
bitcoin has been the best hedge of all time
late adopters simply lost, as always.

[Anonymous No.52364860]

>>52364621
Yeah totally awesome hedge that’s collapsing with increasing interest rates and margin calls.

[Anonymous No.52365021]

>>52364621
>bitcoin has been the best hedge of all time
>late adopters simply lost, as always.
nice contradiction

[Anonymous No.52365048]

>>52363580
Everything besides BTC, ETH, LINK, ICP, and BAT are scams.

[Anonymous No.52365059]

>>52365048
>ICP and BAT
If you hold these you are beyond help.

[Anonymous No.52365102]

>>52365021
kek

[Anonymous No.52366791]

>>52363898
holy cope

[Anonymous No.52366871]

>>52363602
>buys 2000 BTC (literally peanuts)
>gets +300% increase in tourism alone and only country in Latin America to have positive gdp
>massive rebranding, I didn’t even know that El Salvador was a country, now everybody knows
>cleaned gangs, zero shootings for several days in a raw in the entire country
Sounds like a big W for me

[Anonymous No.52366986]

>>52363580
That's what happens when you ARE right

[Anonymous No.52367216]

>>52363580
>maxis
>short squeeze
This is this bull run's redditor words that I look forward to seeing erased as you all capitulate and leave one by one.

[Anonymous No.52367443]

Dubs and XRP will dethrone btc

[Anonymous No.52369381]

>>52364860
collapsing less than everything else did if, again,you weren't late

>>52365021
no contradiction. don't expect to turn up late to anything and win.

[Anonymous No.52369395]

>>52366791
>cope
i believe you're the one that still has a day job?

[Anonymous No.52369413]

>CEX crashing
>Nothing to do with alts, If any, The alt thesis largely encourage dexes
>le maxis right again!

kys

[Anonymous No.52369416]

>>52367443
Pretty close, let me try it

[Anonymous No.52369418]

>>52363580
Yeah all the maxipads with their entire net worth on cex so they can leverage trade are really winning

[Anonymous No.52369450]

>>52369381
>no contradiction. don't expect to turn up late to anything and win.

Bitcoin is a ponzi, without people "turning up late" your price doesn't go up.

[Anonymous No.52369468]

Everything except privacy, fungibility, lack of resistance to miner coercion

[Anonymous No.52369615]

>>52369450
only when those turn up late and expect early adopter returns. if they simply treat it as a standalone long-term hedge like every early adopter that didn't sell early did, they'd be fine.

its the greedy ones that end up selling bottoms like these, or worse holding onto alts through bear markets that get eaten by smart money that doesn't.

[Anonymous No.52369658]

>>52363773
depends where it ends up when the recession ends

[Anonymous No.52369680]

>>52364621
>Bitcoin has the best ponzi scheme of all time
>Late adopters simply lost, as always

Lol, lmao even

[Anonymous No.52369714]

>>52369615
>only when those turn up late and expect early adopter returns.
huh? nobody is expecting that, people are expecting to put their money into an "inflation hedge" and not lose 80% of their wealth in a year. Obviously it's not an inflation hedge since people that bought all the way back in 2017 are now in the red.

[Anonymous No.52369754]

>>52369680
sorry you missed your chance

[Anonymous No.52369791]

>>52369754
Woooah, cool argument buddy.

Enjoy ya "inflation hedge"

[Anonymous No.52369807]

>>52369714
have you seen gold's 10Y? is that an "inflation hedge"?
most retail losers have no clue what an "inflation hedge" is, and the closest thing to one is an instrument from the government causing the inflation itself.

what you want is an asset that appreciates more in the times when inflation is unseen, than it depreciates when inflation becomes public knowledge. bitcoin did exactly that, as did a handful of other things, just less well.

there's no such thing as a magical inflation hedge you're describing. oh, and count the days bitcoin was over $16,000 before 2020. you'll be surprised :)

[Anonymous No.52369824]

>>52369791
i'm enjoying what it's provided over the past near-decade, yes.

[Anonymous No.52369867]

>>52363700
Except for XMR. Only thing other than bitcoin that offers undeniable use case that is and forever will be important. And the brand is already big enough that all the best haxxors are loyal to it and working in the community.

[Anonymous No.52369935]

>>52369867
monero is just a fork of bytecoin. the only reason you're talking about it is it's technology, as i mentioned. monero is a technology product. if the tech fails, or wanes, xmr does the same.

not to mention the fact that tornado cash got sanctioned quickly while monero has been suspiciously left alone for nearly a decade.
it definitely casts a shadow.

[Anonymous No.52370198]

>>52369807
>have you seen gold's 10Y? is that an "inflation hedge"?
Don't care about Gold, talking about Bitcoin.

>what you want is an asset that appreciates more in the times when inflation is unseen, than it depreciates when inflation becomes public knowledge.
whether public knowledge or not inflation has an impact and that should be reflected in the price of Bitcoin if it actually was a hedge against inflation. Instead it rises and falls correlated with just about every other FED inflated asset.

>there's no such thing as a magical inflation hedge you're describing.
yeah exactly. Bitcoin was supposed to be that and it's not. That's my point.

[Anonymous No.52370293]

>>52369754
inflation narrative is dead it was for speculative trading. now arthur's narrative is the only one left for the next cycle

[Anonymous No.52371282]

>>52369935
buffoon

[Anonymous No.52371526]

>>52369468
don't be that retarded, monero can be attacked just by a large entity stacking millions of computers, so no it doesn't have "resistance"

>>52370198
you'll learn what cycles mean sooner or later

[Anonymous No.52371546]

>>52371526
>you'll learn what cycles mean sooner or later
What currency has "cycles"? Do you even know what drives cycles?

[Anonymous No.52372783]

>>52366871
Wrong. The news woman was telling me the next thing to be afraid, when all of the sudden she brings up El Salvador. She explained how the Bitcoins were being protested against by the queers and even had footage to prove it. I'd take the word of a resected collage educated she/her than an internet incel any day of the week.