the bossman
Superstar
they're already slowing down the hikes as inflation continues to fall. it's just a matter of when the pivot and stimulus will happen to jumpstart the economy again. maybe late next year. maybe 2024. it's a vicious cycle
Bitcoin is a Ponzi
- Thread starter lib123
- Start date
In Dec of 2019 it was like $4K. By April of 2021 it was $50K. In a better fiscal environment Bitcoin will be fine. A sucker is born every day.
Every paycheck I but $10 of it and have been doing so for a few years not. Don't plan to stop nor do I plan a commitment more than that.
the bossman
Superstar
the scaling part is being worked on constantly. it's unlikely bitcoin itself will ever get faster. That's gonna either come from some layer on top or some sidechain. I hear lightning network is growing this year. It may end up being that. It may be something else.
People like him don't see any utility. Others do see utility from it or else it wouldn't continue growing larger crash after crash.
ogc163
Superstar
ogc163
Superstar
In The Zone '98
Superstar
Who?
ogc163
Superstar
ogc163
Superstar
Crypto bros on here struggle to summarize their points, follow logic, and understand nuance so it wouldn't shock me if I found out most of them weren't heavy readers.
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bitcoin cash market http://www.localbitcoins.com .
in romania many people use it. there is a person-to-persson cash market.
miss the boatbeing stubborn There will not be another stimulus on the scale of the Covid stimulus. Doing so would spark hyperinflation.
The first sentence is kinda true, but it's over? This sounds like how cats said there will never be another bull run after 2017. crypto era was "over" in 2018-19
you would think by now nikkas understand it's a cycle. when all the "crypto is dead" "bitcoin is dead" "it's all a ponzi" articles start running in heavy rotation, it's usually a sign we're close to the bottom
Where is the next pool of large scale crypto buyers going to come from? Most retail investors who had extra stimulus money to spare got burned. Institutions are backing away en masse after the FTX collapse. And those who have never invested are more skeptical than ever.
the bossman
Superstar
you know there were past bull runs and bear markets in crypto before Covid right? you don't need stimulus on that scale. markets are just waiting on the Fed to announce the pivot and it's back to business.
this shyt is like a broken record - "reatil investors will never come back" retail investors got burned after Mt Gox, more came back. burned after bitconnect and all the bullshyt ICOs in 2017, more came back. FTX isn't bitcoin. bitcoin still works. the fat crook will go to prison and the market will move on. regulations will eventually come in and wash out the bullshyt and help rebuild trust. people will be back and the market will keep growing. you underestimate people's desire to make money and the overall growth of the market from people using bitcoin & crypto
a lot of institutions are waiting on sidelines for the regulations to come in before they enter so they don't get burned like retail.
ogc163
Superstar
I watched a token for the past few days gain bout $80 million market cap
and lost $50 million of it in an hour today
that is NOT retail
thats institutions and exchanges like binance
and lost $50 million of it in an hour today
that is NOT retail
thats institutions and exchanges like binance