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/biz/ - Business & Finance

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52950205 No.52950205 [Reply] [Original]

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>> No.52950231
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52950231

>>52950205
>inflation hedge
lie
>store of value
lie
>bitcoin never goes below it's previous ATH
lie
>bitcoin outperforms boomer markets
lie

what's the next narrative that will pump Bitcoin?

>> No.52950244

>>52950231
government "inflation is low, everything is fine goyim!" reports.

>> No.52950443

>>52950231
you don't understand because you compare the usd to itself but bitcoin to the usd. 1 btc now is worth more than 1 btc 10 years ago in btc terms but 1 usd is worth less than 1 usd 10 years ago in usd terms.

>> No.52950463

>>52950443
wow nice r/Bitcoin cope

>> No.52950466

really makes you think

>> No.52950538
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52950538

Yeah, most people only buy when the price is going up (and sell when the price is going down).

>> No.52950590

>>52950231
>what's the next narrative that will pump Bitcoin?
Nobody knows. That's why nobody buys the bottom. It is coded in the human behavior that the majority of people will buy at the top.

>> No.52950615

>>52950231
>it's antisemitic to not buy btc
True

>> No.52950690

>Something going up.
When something is doubled in a month, people feel like they can double their money in a month by buying it.

>Something going down.
It might keep going down at least for a bit more. And they might need to wait so it doesn't fullfil the instant gratification criteria.

If BTC pumps up to 30k in a month, you can be sure people will be lined up again to buy it as they will start thinking it will be up to 60k in a few months time. It's a basic psychological thing. If you have a reason to believe BTC will go to let's say 50k, it shouldn't matter for you if it is 10k or 20k it is still cheap to buy.

>> No.52950717
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52950717

>>52950205

>> No.52951032

>>52950231
bsv

>> No.52951070

>>52950443
but bitcoin is always worth 1 bitcoin, which is consistent and good and all that, but it's all measured in dollar value

>> No.52951092
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52951092

>>52950205

>> No.52951285
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52951285

>> No.52951322

>>52950231
>BTC Is a store of energy through space and time - M Saylor

>> No.52951421

>>52951322
Explain

>> No.52951518

>>52951421
Your labor is spent energy and the money you are paid is a store of that energy. It takes energy to produce a Bitcoin, their Bitcoin is a storage of that energy.

>> No.52952058

>le epic contrarian dip buyer
Sorry m8 you nigs got exposed as simply riding the FED money printing ponzi.

>> No.52952090

>>52950231
BTC isn't bitcoin.
https://youtu.be/NFlML8t3Vjw

>> No.52952180

>>52950443
>1 btc now is worth more than 1 btc 10 years ago
Well yea but it’s worth less than 1 btc 5 years ago