Can see previous cycles just fine in the normal chart, other than the long head hovering around relative 0. To be clear, I understood the log scaled graph just fine… but this isn’t a financial board and many would look at it and see “not much loss recently”. So I mean misleading to some, in this audience.
I also didn’t say (and don’t think) you intended to mislead.
Yes, but then the money you’re paid with still gets the value taken away from underneath it due to fiat money printing, This isn’t a solution.
This is a solution, because you can raise the price, or you can create more designs.
For saving you can use things like bonds, or other material things.
You could create a t-shirt with gold and diamonds stuck on it, the fact is what ever you’re paid for it will still be subject to the value dropping due to fiat money printing.
Go ahead and earn £1 million from selling t-shirts…guess what…the money you are paid Is still subject to value loss as a direct result of fiat money printing.
You can own the means of production, and you dont have to care about the money. In this case you will make yourself usefull as its you who create and you can even produce things when you make sculptures.
You can make yourself usefull or make usefull things, and you dont have to worry about what method of payment will people use to pay you. People can be completely impervious to poverty, they just have to do something instead of trying to do nothing and still live like kings with lambos. Gambling is not a solution, stocks are not a solution, crypto is not a solution.
I don’t think you know what you’re talking about.
Basically you’re saying it’s okay that money is printed and you’re fine with your very own money losing value.
I’m not sure how you can be in a position to say what won’t work when you don’t have a good understanding of what the actual problem is. The world can no longer sustain more money printing and that is a fact.
Take some time to understand where printing fiat money has lead to, gain an understanding of the position some countries are in, look at exchange rates for different countries currencies, understand how much it costs to buy a loaf of bread in these countries and then compare that to your country.
Analyse charts of how the value of certain currencies have gone up and down.
Imagine only scammers, criminals and two dictatorships realizing that.
So literally. FIAT CURRENCY DUMB, VALUE GOES DOWN.
But then you were like CRYPTO SMART, VALUE GOES DOWN.
Pick one.
You forgot biosphere destroyers and pedos.
Ok man, I think this discussion clearly ran it’s curse. It’s sad that it always has to end like this.
I guess we went here to find out, so saying that is a bit moot.
We have been telling you that “work” creates value. A coin itself does not, it has a value.
No, i’m not into crypto. Do you see what you said unironically is what crypto people do all the time? Can you not pick any arguments taht are more damaging to crypto than FIAT currency? With all you are saying it’s can’t be you are so unlucky?
Dude,
I don’t know if they realize it. You can check it out for free on google that Bitcoin had no success without those so you are stuck with them.
You probably don’t believe it is but since you are stuck with some capital in there, you are in fear of never having it launch into acceptance. It’s maturing but it’s being surpassed by CBDC but even the governments can’t find a real use for it. Which is quite an issue for “your solution”. It isn’t even holding out against inflation but you know, from all your answers I have gathered that "Bitcoin is a solution for things that can’t be proven it is a solution for. " So by all means, use it but who will you trade with? Order something online in El Salvador?
Well, you can send things around the world with lightning, but … it was checked and apparently around to world means 2 dictatorships and some individuals around the world that can’t run a normal bank/business without being sued by the FEDS.
Is that a rant? lol, if that is your defense… well it sure shows you have nothing to show off and BTC existed since 2009. Maturing? It’s nearing the same time fiat money disconnected from the gold standard and most financial institutions don’t see it as a solution and don’t even offer it as a solution to governments, but yes, claim derigatory terms to hide yourself, weak. And shows clearly how BTC which is now matured can’t fix ‘it’. Go print some more and cash out in FIAT before it’s taken offline by Satoshi.
BTC still has quite a way down, don’t worry. It’s not ending today. 
No, I didnt say that. 
The printing isnt wrong, how much of it is printed is another matter tho.
Basically there are ways to reduce impact of inflation, interest rates and bonds that are inflation indexed are a thing tho. So it isnt as bad as people think it is.
Hyperinflation is something completely out of control, and its when people completely lost their marbles.
Ok look. Every time I made my points about why it is superior, the only answer I got was some random ■■■■■■■■ like “of maybe criminals like it” “gouvernments will shut it down”, bla bla bla.
I’m done spending time to formulate arguments to just get them all ignored and receive always the same boring allegations and tears about the price as a response.
I’m done here.
BTW, you dont have to use BTC or gold during hyperinflation, evething is more valuable than fiat money of the country that have hyperinflation. You could buy stock of cotton socks and that would be a great value keeper if you think hyperinflation is coming. Just maybe barter it for other things than fiat money then.
Stuff like this just plainly shows that you have nothing to say to the topic Nana. You did not even remotely grasp what money actually is if you think what you just said is relevant or clever. Go listen to the Lex Fridman youtube video with Saifedean Ammous for the basics. Maybe if you manage to understand that you can finally utter an opinion that is worth listening too some day. Sorry for being so direct, but someone has to tell you.
Inb4 NO U, delusional gambler
I know that BTC is going to fall, like stock in very near future, and thats what will happen if you want it or no, because risk of hyperinflation is too great to be ignored, and we will see reaction from proper people.
You can keep it tho. If you really believe something, it can happen? Is BTC really the future? Well, the future may be really grim no matter if you have BTC.
I don’t need to argue that the value of fiat currencies go up and down, everyone can see it if they are bothered to look. I said for Nana to do this so he can get a clearer picture of what the issue is in some countries. But it seems that both of you want to remain ignorant on this matter so your understanding of why people would want to freeze fiat value will also be limited.
Maybe try better at hiding the scam attitude ? If you feel your posts are debunked too hard you immediately claim without any base someone is “not fit to contradict the BTC gospel” but here, everyone can speak. And it just took time to get through the layers of obfuscation.
A lot of people in RL are realizing BTC isn’t like EVE Online. And they will be prosecuted, so I understand your anger. I even read some article that the FED is responsible of the fall of the BTC… lol. How do they even come up with it years after legislation was clearly going to get them in trouble.
The point Gates, Buffett, and various economists make is that crypto offers no “real-world” value. Thus, cryptocurrency is simply a bubble in which people try to out-fool each other. It’s nothing more than a money-making scheme to buy and sell higher. When people get wise to this fact, crypto is going to collapse.
This does not address why you think BTC is not a contender for freezing fiat currency.