The Rise and Fall in Bitcoin Value

Communications Center Out Of Pod Experience
942

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…

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.

1 Like
943

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.

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.

944

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.

945

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.

946

MicroStrategy’s Unrelenting Bitcoin Bet

947

It looks like this company will continue purchasing more even though their current BTC holding value has gone down by £1 Billion.

948
950

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.

1 Like
951

Reporting my posts huh, many of you aren’t ready for real talk.

952

Ok, I forgive you, but… " his murder was a consequence of an investment fraud 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.

953

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. :smiley:

PS: I put that last in bold… just because it’s almost as cute as my cat but without the effort. :wink:

954

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.

1 Like
955

“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 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 …

956

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.

1 Like
957

Yet nobody here has any idea about what that might be.

958

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.

959

They’ll have you believe it’s wrong to compare previous cycles.

1 Like
960

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.

961

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.

1 Like
962

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.