Bitcoin is a Ponzi

[Originalman]

they right bitcoin has died 467 times

Bitcoin Obituaries Archives

Discover how Bitcoin has been declared "dead" numerous times, yet continues to thrive, proving its resilience in the evolving cryptocurrency world.

99bitcoins.com

Yeah it has but this time....yes this time the 468 time that hoe bitcoin gonna finally bite the bullet....best believe that.

 

[ogc163]

,

Bitcoin 3x every four years since creation.

Unless the world ends, BTC will be $100k or better late 2025.

I gotta dap this because despite how elementary flawed the reasoning is you still state your reasoning with such confidence based on something potentially occurring 3 years from now.

 

[In The Zone '98]

I gotta dap this because despite how elementary flawed the reasoning is you still state your reasoning with such confidence based on something potentially occurring 3 years from now.

Until it don't happen, I will assume history will repeat itself.

And I'm not even saying that as some Bitcoin Maxi. It just is what it is.

 

[ogc163]

When crypto bros enter a thread they often muddy the waters with their logical fallacies.

 

[Uncouth Savage]

I gotta dap this because despite how elementary flawed the reasoning is you still state your reasoning with such confidence based on something potentially occurring 3 years from now.

All I wanna know is

will there be tightening FOREVER?
will billions of easy free money EVER move back into the system?

or it is forever recession?

most are basically saying they HAVE TO ease up
maybe tomorrow, maybe 6 months from now
and we will be here when that happens

seems rather simple

 

[In The Zone '98]

When crypto bros enter a thread they often muddy the waters with their logical fallacies.

This is your moment. The crypto is dead moment.

I am entertained by your post. I appreciate them. But I don't think you have the courage to post during the next bull run. We'll see tho.

 

[ogc163]

This is your moment. The crypto is dead moment.

I am entertained by your post. I appreciate them. But I don't think you have the courage to post during the next bull run. We'll see tho.

There's an entire thread of me and others shytting on crypto in HL That I was consistently posting in during the bull run.

Why do I need courage to engage with crypto bros who can't think critically?

 

[In The Zone '98]

There's an entire thread of me and others shytting on crypto in HL That I was consistently posting in during the bull run.

Why do I need courage to engage with crypto bros who can't think critically?

Oh, I'm not over there. Fair enough.

 

[ogc163]

U.S. review could delay or block Binance deal for Voyager Digital

Binance's $1 billion acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a U.S. national security review, according to a Friday bankruptcy court filing.

www.reuters.com

"The crypto exchange's U.S.-based affiliate Binance.US intends to buy Voyager's crypto lending platform with a bid that includes $20 million in cash and crypto assets that will be used to repay Voyager's customers.

But the U.S. Committee on Foreign Investment in the United States (CFIUS), an interagency body that vets foreign investments into U.S. companies for national security risks, said Friday that its review "could affect the ability of the parties to complete the transactions, the timing of completion, or relevant terms."

Attorneys for Voyager and Binance.US did not immediately respond to requests for comment Friday.

CFIUS has increasingly been used by Washington as a tool to stymie Chinese investment in the United States.

Binance, is owned by Chinese-born and Singapore-based Changpeng Zhao and has no permanent headquarters. The company has been the subject of a money laundering probe by U.S. prosecutors. Binance.US, based in Palo Alto, California, has said that its separate American exchange is "fully independent" of the main Binance platform."

 

[karim]

There will not be another stimulus on the scale of the Covid stimulus. Doing so would spark hyperinflation.

I don't think it would spark hyperinflation, since the cause of inflation is high energy prices and supply channel disruption, but the political narrative is that the stimulus caused inflation and that's why there won't be another.

 

[Red]

I don't think it would spark hyperinflation, since the cause of inflation is high energy prices and supply channel disruption, but the political narrative is that the stimulus caused inflation and that's why there won't be another.

What?

 

[Ed MOTHERFUCKING G]

I don't think it would spark hyperinflation, since the cause of inflation is high energy prices and supply channel disruption, but the political narrative is that the stimulus caused inflation and that's why there won't be another.

 

[karim]

Financial hawks and conservatives claim that the stimulus caused inflation. But in reality, what's causing inflation is supply chain disruption, high energy prices and companies using the opportunity to raise prices under the cover of inflation. One is a simple explanation, the other is more complex. As is most often the case, the simple answer is the one that stuck and dominates the discussion. As a result, even though the stimulus isn't the main driver of inflation, it has become politically impossible to counter the narrative that it is. Hence, for the forseeable future, every time somebody will propose a stimulus, it will get slapped down with the argument that it would cause devastating inflation as happened in 2022.

 

[Ed MOTHERFUCKING G]

But in reality, what's causing inflation is supply chain disruption, high energy prices and companies using the opportunity to raise prices under the cover of inflation.

But saying “in reality” doesn’t make something real. Inflation was caused by the following factors, in order of impact:

1. Incredibly low interest rates surpressing the cost of borrowing, causing access to cheap capital and as such, increasing the money supply, and increasing demand causing commodity and housing prices to rise perpetually for years.
2. The rise in commodity prices and business owners’ commitment to profitability, passing increases in COGS to consumers.
3. Stimulus in past few years increasing the money supply, increasing demand, also raising commodity and housing prices
4. Disruption in supply chain lowering supply (at the consistent rate we’re used to), causing prices to go up as a result, as well as business’ commitment to revenue growth despite a lack of consistency in inventory or raw goods.

The inflation we’re facing now is because all 4 of these are happening at once. Hand-waiving stimulus’ impact like its just a scapegoat isn’t very fair imo. I think the face of inflation is the fed and monetary policy, not stimulus. Stimulus would got slapped down because it is a legitimate cause as listed above and is actually preventable.

 

[lib123]

I don't think it would spark hyperinflation, since the cause of inflation is high energy prices and supply channel disruption, but the political narrative is that the stimulus caused inflation and that's why there won't be another.

Inflation started rising before energy prices spiked. And mass money printing on the Covid-scale would lead to higher interest rates, which would push up prices as it costs businesses more to borrow.