I don’t but some investors watches it grow, bought a bunch, sold a bunch. They will do the same once it performs the same. If they can drain a few billion from it, they will and no one can stop them. The purge will just make governments realize they cannot keep standing on the sidelines while their citizens are victimized. More laws will follow making it more difficult for people to use it to launder money or scam people.
So you claim Satoshi designed it to raise value, the rugpull drop and let those dumb investors get millions of USD to invest in long term things that won’t let their money evaporate.
You keep pretending that ‘it was designed like that’ but it wasn’t. It was designed as private international money.
But… but “everyone can create their own” FREEDOM pitch followed by the “Only BTC is the real thing, rest are scams”. Pick one.
No, I now believe it was designed to freeze value.
I don’t need to pretend, It was actually designed like that which is fact.
Yes, I guess so, It is also limited to 21 million which makes it ideal for freezing the value of fiat money. it can’t be duplicated by any person and it is created by a computer processes. It also has a ledger that will never be changed.
Ok, to ‘save the buying power’ of valuta like putting food in a freeze to “conserve it”.
Meanwhile someone sees his “private high risk pension fund” loose value. He isn’t poor, he just is half the multi millionaire he used to be and a tenth the crypto gorillionaire he hoped to be.
Shrugs I guess that’s what happens when there is a mass manipulation, there will always be people it hits hard.
But yes, I think you’re slowly starting to understand my view, You may not agree with it which is fine, but you understand.
When I check it, this “Satoshi” or group of people referred to as that are extremely smart. BTC and it’s raw concept has got to be the biggest most intelligent invention ever to be presented.
Raise, froze etc, while the value is constantly changing. Of everything. That is what is sure, that you cant be sure of anything. But with fiat you can at least react and its not like with BTC, that someone long time ago decided about this numerical faberge egg that is not going to make a change for civilization at all, but will make only few people rich, and a lot of them poor while they think they are gona make it too.
That was never anything satoshi or the other designers of BTC said or promised, perhaps you should check where you originally formed this belief, all I can say is it’s a falsehood.
It doesnt have to be promised. Its enough that it happened and will be happening again and again. And for that to not happen Bitcoin or people would have to stop existing.
There is no reason to think it isnt like with stocks. It is the same building of bubble, the reasons people are in it are the same. You may preach about some ideal situation, but the reality is quite different to what poeople want usually. The future is really looking grim right now also, how much shortages will turn the people against their governments in some countries, we will have to see. How will that make people feel about buying everything else than what have to be bought, the essentials, we will have to see. How much inflation will be there and interest rates? How will that make stocks and btc look, we will have to see. But I warn you, people dont need stocks or btc to live.
Actually, people do need a currency where the value isn’t going to be sold out from underneath it and if BTC can deliver that then why not?
Real talk, are you okay with France printing CAR’s money supply for them? Don’t you think it’s time colonialism actually ended permanently? I’m sorry but the answers to these questions can never be just “BTC won’t work” as these are very serious issues that affect the world as a whole.
Or take El Salvador for instance, should the US dollar always be used there and the country be subject to US interest rates? Are you promoting that this setup never changes?
You’ll have to accept that the leaders of both of these countries perceive BTC as a possible solution to their financial predicaments.
If we have an attitude similar to yours then we will never get anywhere, we will just stay being part of the constant loop which devalues our money. We have to be careful not to be sheep and simply follow along and do what we are told.
One thing that annoys me about people with your view is that you never have any solution, at least we have an idea with BTC. Go ahead and completely disregard bitcoin but also make sure you come up with a solution for what the answer to fiat money printing is.
Show me where Satoshi/The Designers of BTC said people will get rich using BTC. I said the quoted comment in relation to Nana’s point about becoming rich from using BTC, Don’t try to confuse it with another point you’re only just making.
One can use BTC to send electronic cash from peer to peer without going through a financial institution (refer to your convo’s with Karak)
With fiat interest rates will be reducing people will to invest anything in crypto or stocks. The money will be going to bonds eventually.
With inflation coming from scarcity of resources (like stagflation in 70s) even BTC doesnt protect. You will have to pay more BTC because auctioning will be in progress, just like with fiat. It doesnt matter that there is limited amount of tokens, what matters is other people will be willing to give more for things that they need.
Is it common for crypto-bankers to make reckless, false, misleading, or inaccurate claims? I guess so, Satoshi said “No financial institutions should be intermediate”, yet exchanges are exactly that. Why did the government not outlaw them? Because they can tax and fine them, lol.
Karak did, even recently, lol; a horizontal line would be fine. Amazing even, and what a scale lol.
It does look fine, the market for BTC is shrinking. Less demand, lower price, just like how Satoshi did not design it nor bothered to mention in his whitepaper.
Why do you only show the VALUE. What’s up with you guys flip flopping between “It’s going to rise in value!!!” and “It needs to go down to get the greedy investors out” with the latter being an oxymoron as they would just come back. What is going out are the an-cap scammers who can’t be bothered with laws and think taht with cruypto they are untouchable. Regulations isn’t what the Dark Web needs, McAfee isn’t around anymore to explain but he would see the severity of the issue. BTC is being destroyed with kindness.
No it would be better they get normal people in charge but with the amount of extremely violent anarchists (drug cartels, human trafickers,…) I don’t think it will be easy for them. BTC will not help at all for any of their problems.
But almost no one does. Get your wallet to the safety of the exchanges who are under investigation. Those people will manage your crypto safely, don’t worry and DO NOT READ Satoshi’s white paper. Or the crypto-cartel members will say you are eh… colonizing… countries.
Because that’s the best argument they have… Just take some more time for a rebuttal. It’s not that there is a time limit, we are here to learn about the beautiful world of crypto. The rise and fall of BTC. It’s still maturing, so I’ll wait a little.
So even though CAR suffers inflation you’re saying BTC won’t help them to freeze value? Please feel free to tell me what you think a “normal” leader would do to slow down inflation. Every “normal” leader of CAR will look at the situation then get on the phone and order a printed money loan and make the situation worse.
Do we have “normal” leaders in France, UK and USA too? If I understand you correctly, you want a “normal” leader who borrows more and more printed fiat money. Is this correct?
You wouldn’t know this but it is a leaders job to consider things like BTC and make a decision that they believe would help the people. A leader can’t afford to have opinions like you do and if BTC has the potential to help in anyway they will most likely use it.
And you know this from experience? normally most people are happy to pay a reasonable price for the things they need, no one is willing to pay more because people in the type of country we are talking about right now simply won’t have the extra to give.
If they did have it they would need to spend it on other things.
Your dislike for BTC has you agreeing with methods that have caused the problem in the first place. You hate BTC so much that you are more than happy to have the government continue printing money and devaluing the actual money YOU own. I’m sure you’ll agree to any method other than BTC. It’s a dangerous situation you’ve got yourself into with your opinions.
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.
Yes, this happens to literally every asset that is monetized.
Why didn’t god mention it in the gold whitepaper? Are you serious? This isn’t a technical thing, this is market price action.
Seriously, you cry more about the price of Bitcoin than people who are actually invested.
