# The Rise and Fall in Bitcoin Value **URL:** \ **Category:** Out Of Pod Experience\ **Created:** [January 18, 2022, 1:41pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290 "2022-01-18T13:41:44Z")\ **Posts on this page:** 20\ **Page:** 48
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [June 20, 2022, 6:31am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/942 "2022-06-20T06:31:06Z")
> [@Aaron](#): > > And you know this from experience? How you cant know it from experience, BTC, all crypto uses auctioning, same as stocks. I have seen how it works. I owned some stocks. If people dont need it, the price is low, if people want it, the price rises. It works the same with resources, doesnt matter what kind of money you use, its like in barter, eventually “precious” things like diamonds or BTC doesnt matter, if you dont have water… > **[Why Are Diamonds Worth More Than Water?](https://www.investopedia.com/ask/answers/032615/how-can-marginal-utility-explain-diamondwater-paradox.asp)** > > Learn why a diamond is valued more highly than a bucket of water or why a professional athlete is valued more highly than a high school math teacher. > [@Aaron](#): > > Your dislike for BTC has you agreeing with methods that have caused the problem in the first place. I dont dislike BTC, I just see it as a tool unfit for people to build their wealh consistently. And it doesnt mean I agree with money printing to excessive levels like it happened. We live in a reality tho, not in a dream, so what people have broke, people will have to fix, or their fate will be worse than they imagine. Right now its about technology and interest rates, its about education and saving. Cheap money had to end sooner or later. BTC and stocks will drop in price. ---
**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\ **Post date:** [June 20, 2022, 7:36am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/943 "2022-06-20T07:36:10Z")
> [@Aaron](#): > > A leader can’t afford to have opinions like you do True, I am free. And our leaders are stuck with those who brought them into that position. I would suggest they look into fixing the economy. There are many issues and it’s not very simple to solve those issues. Politics is too far out of the scope of this tread, you can start one but i’m afraid it will get closed soon. Let us imagine, a person with a severe stabbing wound comes into the ER. I’m there and I tell you “I’m not a MD, lol.” and you reply, ok, how about we let the hospital accept Bitcoin? Then the patient will be ok, right? I doubt it, it looks childish and simplistic but without a qualified ER team, that person will bleed to death. Is it ok for the Hospital to accept BTC? Why not. Is it going to solve any issue? Probably not. > [@Karak\_Terrel](#): > > Yes, this happens to literally every asset that is monetized. Some of the roads in France are monetized. The government “leases” them to companies who will maintain the roads and ask for a toll to use them. Those roads have a good use as they connect cities and let people drive to work. Bitcoin provides… well… not much, a lot of what is built around is went bankrupt or those who organized it are in jail. Imagine if one of the companies who was allowed to monetize roads here would have the same… inconceivable! The issue is that you say “monetized”. Sounds awesome, however… It looks very abstract if you realize that BTC became popular thanks to “the silk road”, drug dealers, weapons dealers, and 99% scammers could use a better system than cash to make transactions. Those transactions could be wired internationally making it in the beginning difficult to track by the evil government. Then the silk road was closed off after an FBI investigation into “a scam within a scam”. I never said Satoshi created BTC in such a way that when someone didn’t pay a drug dealer, a scammer would pretend to be an assassin. #InB4ItWasDesignedThatWay So, it shifted, into “Ok, the government won’t tolerate murder because they hate freedom” but at least it’s still TAX FREE. And it is “ALWAYS GOING UP”. So there was the renaissance of Bitcoin, I already left ya know. Because i’m like a goody two-shoe and don’t get involved with crime. At that point exchanges found “popular artists” to promote their scams, and demand soared and BTC grew to it’s 60k level. The peak and decline, when it hit it’s all time high which the news kept refering too, people saw it as a magical investment that could not go wrong because of Karak’s graph, all looks just fine. However, many people lost a lot of money. Governments then were doing two things (1) investigating if they could make their own CBDC (which had to not be a scam as people don’t like their buying power reduced because Musk tweets) and regulating BTC. Which in some grand form of delusion you cheered on. BTC started dropping yet many new people invested in it so it slowly dropped in stages. People afraid from the inflation all pumped lots of money in it, will you be there for them? Because I see your posts saying “it will protect that money against inflation” but I guess you’ll add a “DISCLAIMER: Does not protect against investors who will drop it before you even realize it as they are playing with the largest investment scam since tulips.” It dropped down from 60k to around 30k and you said it’s okay, it will go back up, I looked at the graph and said when it would be, we were both wrong as it dropped further to 20k. Luckily I don’t have assets in there, but I feel sorry for those who believed the (both social and corporate) media who praised the magical Bitcoin and crypto. You claim that the money printing is bad, yet you laugh at those who invested in it and lost their savings? And now they are poor at the time of inflation? The optics here are very bad as you keep saying BTC is good for the world and keep saying BTC should only be used by top-economists. A scam becomes clear after talking over and over about it, because after a while the disparities become very clear. This is why BTC chatrooms are echo chambers where they can vote out dissident voices. It is extremely brave you come here and allow a discussion where everyone is regarded equal and free and open speech is allowed to make the BTC system clear to everyone. I might be mistaken and it might be the final solution to capitalism’s market corrections but I doubt “freezing the coin” will fix it, to the contrary, one tool less to fix the issues. And even without BTC I notice governments are dealing with inflation the hard way this time. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [June 20, 2022, 9:47am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/944 "2022-06-20T09:47:42Z")
> [@Aedaxus](#): > > You claim that the money printing is bad, yet you laugh at those who invested in it and lost their savings? And now they are poor at the time of inflation? The optics here are very bad as you keep saying BTC is good for the world and keep saying BTC should only be used by top-economists. Money printing is bad, Are you trying to say it is good? I’m not laughing at them, I just wish they never listened to idiot CEO’s. And no, I recently said BTC should be used by anyone in the world interested in freezing the value of their fiat money. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [June 20, 2022, 9:58am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/945 "2022-06-20T09:58:54Z")
> [@Aedaxus](#): > > I might be mistaken and it might be the final solution to capitalism’s market corrections but I doubt “freezing the coin” will fix it, to the contrary, one tool less to fix the issues. And even without BTC I notice governments are dealing with inflation the hard way this time. Some problems just can’t be fixed, me personally, I don’t see how the US for example is going to get their bills paid without printing money. Facts like 40% of US dollars were created in the last year worries me. If you’re saying BTC isn’t a solution then I guess the world is stuck with the fiat money printing as there are NO other solutions on the table. The situation is worse than it was and will get even worse. You know what everyone can go ahead and say BTC isn’t a solution and then lets see where the worlds finance ends up. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [June 20, 2022, 10:12am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/946 "2022-06-20T10:12:21Z")
[![](https://global.discourse-cdn.com/eveonline/original/4X/a/b/e/abee2a9dac01293f4b57ef58eafe4508cb826fe8.jpeg "MicroStrategy's Unrelenting Bitcoin Bet") ](https://www.youtube.com/watch?v=HG_2WpPg6ws) MicroStrategy’s Unrelenting Bitcoin Bet ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [June 20, 2022, 10:14am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/947 "2022-06-20T10:14:31Z")
It looks like this company will continue purchasing more even though their current BTC holding value has gone down by £1 Billion. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [June 20, 2022, 10:30am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/948 "2022-06-20T10:30:46Z")
[![](https://global.discourse-cdn.com/eveonline/original/4X/c/4/6/c460f14bcc55021e4973b280f4547d7ae2f5574f.jpeg "CRYPTOPIA: Bitcoin, Blockchains and The Future of the Internet - FULL DOCUMENTARY | Torsten Hoffmann") ](https://www.youtube.com/watch?v=Y2qe3hFeQ5g) ---
**Author:** ![Shai\_Hulud](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/shai_hulud/32/279251_2.png) [@Shai\_Hulud](https://forums.eveonline.com/u/Shai_Hulud)\ **Post date:** [June 20, 2022, 11:08am UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/950 "2022-06-20T11:08:24Z")
> [@Karak\_Terrel](#): > > The only difference between your chart and mine is that I use a logarithmic view so you see the price action relative to the past better. It makes no sense to use an absolute scale for price charts. It’s true they both present the same data, but for the point you tried to make with your graph log scale is misleading - it obfuscates the recent fall. In this case your log scale emphasizes the part of the graph that is irrelevant to the point you were trying to make, so you demonstrated that log scale is in fact not always best for viewing a price chart. Thanks. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [June 20, 2022, 12:00pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/951 "2022-06-20T12:00:00Z")
Reporting my posts huh, many of you aren’t ready for real talk. ---
**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\ **Post date:** [June 20, 2022, 12:01pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/952 "2022-06-20T12:01:55Z")
> [@Aaron](#): > > So forgive me if I need a packet of salt to swallow what you are saying about BTC. Ok, I forgive you, but… " his murder was a consequence of an [**investment fraud**](https://www.sec.gov/litigation/complaints/2014/comp-pr2014-60.pdf) that **targeted low-income** Latino and Asian immigrants **around the world**." Sounds HSBC was attempting to become a crypto exchange instead of a bank. Good they got caught. The funny thing is that you don’t really have arguments and miserably fail to project. Should fiat money be replaced by harder to identify money? No. Like you proven, it would kill more people. ---
**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\ **Post date:** [June 20, 2022, 12:04pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/953 "2022-06-20T12:04:35Z")
> [@Aaron](#): > > Reporting my posts huh, many of you aren’t ready for **real talk**. I really wonder who is reporting your post. It has literally nothing wrong in it. And it was so easy to rebuttal. To whom is reporting the posts; only report things that violate terms of service. The above post was about a comparison of a UK Bank and how they got caught laundering money for cartels (and then they went into MLM schemes) you did forget to actually post the latter. The rabbit hole goes much deeper with that bank. 😃 PS: I put that last in bold… just because it’s almost as cute as my cat but without the effort. 😉 ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [June 20, 2022, 12:11pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/954 "2022-06-20T12:11:43Z")
> [@Aedaxus](#): > > The funny thing is that you don’t really have arguments and miserably fail to project. Should fiat money be replaced by harder to identify money? No. Like you proven, it would kill more people. I have no need to argue with you as the problems with all currency is easy to see. Some people are happy with the way it is and won’t complain, while some people simply want change, many of us want a different way where we control our own money. As I’ve mentioned there is only one possible solution but you want to pretend like there are 100s of other solutions when there simply isn’t. ---
**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\ **Post date:** [June 20, 2022, 12:13pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/955 "2022-06-20T12:13:18Z")
> [@Aaron](#): > > there is only one possible solution “The ponzi scheme was started by Chinese national Ming Xu who lived in Los Angeles and acted as a pastor at evangelical churches selling supposed investment opportunities in cloud computing to poor communities in the US, Colombia and Peru.” I know, but [Ming Xu](https://twitter.com/cnpeg) has had to stop. lol. The more you dig, the more bitcoin like these things get. So after he gets in trouble he flees to China, is a crypto defender, erases his cryptoposts (Stellar _cryptocurrency_ and Litecoin lol) stuff … ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [June 20, 2022, 12:31pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/956 "2022-06-20T12:31:08Z")
> [@Aaron](#): > > If you’re saying BTC isn’t a solution then I guess the world is stuck with the fiat money printing as there are NO other solutions on the table. Of course there are, you can always make something unique that people will want. Its better than printing money. It doesnt have to be internet token, can be something really usefull or really pretty. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [June 20, 2022, 12:39pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/957 "2022-06-20T12:39:00Z")
> [@Nana\_Skalski](#): > > Of course there are, you can always make something unique that people will want. Its better than printing money. It doesnt have to be internet token, can be something really usefull or really pretty. Yet nobody here has any idea about what that might be. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [June 20, 2022, 12:39pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/958 "2022-06-20T12:39:30Z")
> [@Shai\_Hulud](#): > > It’s true they both present the same data, but for the point you tried to make with your graph log scale is misleading - it obfuscates the recent fall. In this case your log scale emphasizes the part of the graph that is irrelevant to the point you were trying to make, so you demonstrated that log scale is in fact not always best for viewing a price chart. Thanks. The point was to show that when you look at the historic price action you can clearly see it is still in an uptrend. You don’t see previous cycles on the normal chart. I’m not trying to mislead anyone. ---
**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\ **Post date:** [June 20, 2022, 12:41pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/959 "2022-06-20T12:41:09Z")
> [@Karak\_Terrel](#): > > You don’t see previous cycles on the normal chart. I’m not trying to mislead anyone. They’ll have you believe it’s wrong to compare previous cycles. ---
**Author:** ![Karak\_Terrel](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/karak_terrel/32/373453_2.png) [@Karak\_Terrel](https://forums.eveonline.com/u/Karak_Terrel)\ **Post date:** [June 20, 2022, 12:55pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/960 "2022-06-20T12:55:30Z")
> [@Aedaxus](#): > > Some of the roads in France are monetized. I don’t know what to tell you man. I did not even read the rest of your post. You are just in complete rant mode and just throw out random ■■■■. Bitcoin fixes the money. It does not fix what degenerate stuff people do with that money. It is not the responsibility of the monetary layer to account for that. I know some people see this different, and they can probably have their dystopian nightmare very soon. I’m not a fan, I’m opting out of that. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [June 20, 2022, 12:56pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/961 "2022-06-20T12:56:24Z")
> [@Aaron](#): > > Yet nobody here has any idea about what that might be. Please speak for yourself. Lots of people are doing things like that. The simplest method is you may for example create artwork and put it on tshirt that you then sell. ---
**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\ **Post date:** [June 20, 2022, 12:57pm UTC](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290/962 "2022-06-20T12:57:35Z")
> [@Karak\_Terrel](#): > > Bitcoin fixes the money. It fixes nothing because its what people know and its what people already solved, like with stocks. Nothing fixes people. They will do the stupidest things with everything. [Previous page](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290.md?page=47) [Next page](https://forums.eveonline.com/t/the-rise-and-fall-in-bitcoin-value/346290.md?page=49)