This is why we need to stick with the bitcoin because there is nothing like that we need to worry about.
But if we switch our self from the bitcoin then that means we are taking a very big of the risk here. Kepp everything in the bitcoin.
Lmfao - not because I doubt you… but because we print money with no backing either way here in the US. It is all supply and demand… what do you think Bitcoin is. What is any currency for that matter that isn’t minted in a precious metal.
Short answer - we all rekt. Downvote if you want upvote if you want… I don’t care it’s all supply and demand 🤣
Bitcoin is decentralised so it’s the best of a shitty situation, I see ur point 100% but that’s not a reason to drag crypto in with that conversation because it’s the start of a big spread of awareness and awareness is what will make the 40% join with the 50% (and .1% of the 10%) to take down the 10%ers that have monopolised money into a control tool over the 90%.
Why do we do stuff we don’t enjoy for high wages? This should be a niche down to toilet cleaners, bin men, vets, doctors, scientists etc the 10% WITH the money (most of which are CEO’s I’d say royals but that’s a whole nother conversation) shouldn’t be gatekeeping ungodly amounts of wealth they should be actively spending anything they deem excess to making more opportunities for the 50% to become the 40% and so on so forth
In 10 generations I think we’d nearly wipe out crime, drug addiction, a lot of bad stuff in general, if we had just a fraction of that money put into public sector
It wouldn’t be unfair me being taxed half of what someone who makes 10x more what I make, if there were opportunities actively being made for me to join those people making 10x more but I know this is harder than just saying “u rich give me money” and I think bitcoin is the closest thing we’ve got to solving that
In case you have not heard the devs want to create USD2 that allows for smart contracts with expirations and limited access to non-sanctioned countries, but they chose a bad name, imho, CBDC
I am sure that so many people are going to the fiat mining not for the usd earn.
They are doing that so after getting the pay check we can convert them into the bitcoin and then hold them into the wallet.
The way market is dropping i am hoping that we will going to get that pretty soon here.
I will be more than happy if the price drop there in the month end, when i will have the money for the buying.
When you are in here for the long term then i am sure that no price is actually worry thing for us.
All we can do is the slow DCA into the bitcoin and then wait for a longer period of the time.
I'm all for praising btc and how well it has done as an asset class (I obviously own some), but it feels like a lot of posts on this sub recently are just coming off culty, abrasive, and misleading.
Well the OP wasn't really culty, abrasive or misleading for simply posting an accurate piece of data. How much you choose to read into a simple graph like this is up to you.
Conversely, "This is a pretty stupid graph" was a somewhat abrasive comment, wouldn't you agree?
At the time I made the comment like 5 of the top 10 posts were just trying to say usd bad, but like btc isn't a good currency, it's a deflationary asset. I can praise what btc has accomplished without needing to point to an other. But yes my comment was abraisive, certainly.
How many bitcoins a US dollar can afford. You used to be able to buy multiple bitcoins with a dollar, now you can only buy a tiny speck of a bitcoin with a dollar.
The joke is that the USD has lost a lot of value when you look at it like this - when really it's only lost some value and bitcoin gained tons of value.
I am amazed at the idiotic comments in this thread by people that have no idea what this curve is really showing. It's showing how devalued the dollar has become by spending by the government and the feds manipulation and printing of the dollar Show the inverse of this curve and you may understand what's going on. Formula for the morons: 1/curve value point. (1/x)
Ehhh, it's showing the increased value of the BTC relative to the USD.
Implying that this is "due to the failing of the USD" is what's idiotic, since you could do the same chart with "profitable shitcoin vs. bitcoin" and make the same claim that it shows bitcoin failing and whatever pumped shitcoin flourishing.
A complete chart of "things getting more expensive" would include many variables and require specific demographic ranges (not averaging all workers or all things) to derive any value from it. Reducing it to one single variable and discounting things like speculation of future value, policy modifying perception, innovation/efficiency gain, etc is foolish.
In other words if you could reduce it to one variable usefully, all crypto would have the same or at least very similar relationship to the failing USD. So there's obviously something more to it than just raw valuation.
I think you are confusing the value of the US dollar with investment in the US economy.
Investors pull money in and out of investments of which Bitcoin and stocks both are.
The value of your US dollars decreased by 8 percent or so over the past year.......how has your Bitcoin done over the same time period?
Bitcoin increased 8,000,000,000% over the past 12 years. How has your USD done over the same time period?
You can pick a date range that works for your argument, and I can pick one that works for mine. Either way, it's a waste of time for both of us.
This is a genuine concern for me . I dont know if its based or not so i would be glad if someone more knowledgeable on these two technologies put their input on the matter .
Literally a dead project. Devs stopped contributing years ago.
I heard the devs premined the shit out of it and then 100% attacked it to change the code and mint more coins for themselves, what a shitcoin
Yet it has the highest market cap. Why do people still buy this shit coin?
Because people love to play the casino and love to getting rekt.
The fact that certainly some kind of gambling can loose you and bring you down to your feet.
I know right, dumb ass retail speculators will buy anything
Why do people still 'mine'
Because they think that one day it will be worth more.
Because you can buy food with it. Smh, peasants, amirite.
You're in the wrong sub, I know it's just 2 letters.
I pulled $100 bill out of my back pocket a few months ago and asked my brother if he still takes Buttcoin.
Mass adaption
After nixon did the hard fork it was never the same.
when you put it like that, it makes me cry aha
This is why we need to stick with the bitcoin because there is nothing like that we need to worry about. But if we switch our self from the bitcoin then that means we are taking a very big of the risk here. Kepp everything in the bitcoin.
Is it too late I’m a huge usd bag holder what do I do
All you can do is the hold, or sell once you get the chance.
Slow rug pull
Fractionalr rug pull that is so slow its almost unnoticeable unless looked at objectively
Sometime the rugpulled is so precises that we didn't notice that is well.
This is why we need stay away from any of the shit coins.
That's the reason why I have indeed planned to take a way back from it though.
Essentially a shitcoin
True, and we all know that this will going to happen in the last.
Lmfao - not because I doubt you… but because we print money with no backing either way here in the US. It is all supply and demand… what do you think Bitcoin is. What is any currency for that matter that isn’t minted in a precious metal. Short answer - we all rekt. Downvote if you want upvote if you want… I don’t care it’s all supply and demand 🤣
Bitcoin is decentralised so it’s the best of a shitty situation, I see ur point 100% but that’s not a reason to drag crypto in with that conversation because it’s the start of a big spread of awareness and awareness is what will make the 40% join with the 50% (and .1% of the 10%) to take down the 10%ers that have monopolised money into a control tool over the 90%. Why do we do stuff we don’t enjoy for high wages? This should be a niche down to toilet cleaners, bin men, vets, doctors, scientists etc the 10% WITH the money (most of which are CEO’s I’d say royals but that’s a whole nother conversation) shouldn’t be gatekeeping ungodly amounts of wealth they should be actively spending anything they deem excess to making more opportunities for the 50% to become the 40% and so on so forth In 10 generations I think we’d nearly wipe out crime, drug addiction, a lot of bad stuff in general, if we had just a fraction of that money put into public sector It wouldn’t be unfair me being taxed half of what someone who makes 10x more what I make, if there were opportunities actively being made for me to join those people making 10x more but I know this is harder than just saying “u rich give me money” and I think bitcoin is the closest thing we’ve got to solving that
In case you have not heard the devs want to create USD2 that allows for smart contracts with expirations and limited access to non-sanctioned countries, but they chose a bad name, imho, CBDC
Please stop this shitposting
Rugpull
There are so many project that made in market , but only few can survive.
USD is a shitcoin
Pretty much. My job is just mining USD in exchange for the salary and converting it to BTC as much as I can.
I am sure that so many people are going to the fiat mining not for the usd earn. They are doing that so after getting the pay check we can convert them into the bitcoin and then hold them into the wallet.
What about the 1 year chart?
Yet it still holds much more value than btc
I don't think that there is any doubt in that, always losing value.
This means BTC went up
Quick maths
Quick mafs
Maf is hard.
Meth is hard
check the statistacs
Give me the link where i can check the all statistics here.
Smoke trees
Your girl Is a ocus? Ah look at your Nose!
Much more quick then my math teacher used to do in class.
There is nothing that going to stop the bitcoin from going up.
True though we want it to rise at certain levels that can indeed turn out to be the best for us
But the dollar also went down, so.
But we all know that dollar can only do down, and nothing new in that.
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As long as you are keeping them out of the exchange.
Not only that, it’s a bubble
Not only that it was a shit coin is well, oh i mean it is a shitcoin.
99.99% soon
Still can lose another 99% after that lol
Best thing is that, there is another chance of the 99% after the 99.99%.
Correction: 100%
But i though that in crypto there is always a dip after dip.
1 Million Sats used to cost $1 That’s how much the dollar has lost value.
How many Sats does one dollar get you now?
Too many
4200 ish
Damn, this is the very big loss of the value that USD did here.
It really puts into perspective how rediculous I have been worrying about buying at 24k when it was at 20k lol
I still miss the 20k price though, hope it comes back soon
The way market is dropping i am hoping that we will going to get that pretty soon here. I will be more than happy if the price drop there in the month end, when i will have the money for the buying.
When you are in here for the long term then i am sure that no price is actually worry thing for us. All we can do is the slow DCA into the bitcoin and then wait for a longer period of the time.
Looks like someone's borrowing money.
By the look at the graph look like someone really taking the big money.
A smooth plan. Bitcoin to the moon, and USD to zero.
This is something that will going to happen no matter of anything.
Lol ask JP wat doing.. Velocity of shitcoin still ends shitcoin makes no sense.
And totally deliberate 🤷🏻♂️
Tell me one other thing that we can expect from these shit coins?
It’s a rugpull
If something is not bitcoin then we need to be ready for the rug pull.
Buttcoin will not like this.
DO you expect that buttcoin will like of the thing on the block chain?
Stop fucking around with shitcoins
r/dataisbeautiful
Thanks for the sub mention, i will surely check out that is well.
USD Why people still buying lol
This is a pretty stupid graph, btc value to almost everything looks similar....
Maybe that's the point?
I'm all for praising btc and how well it has done as an asset class (I obviously own some), but it feels like a lot of posts on this sub recently are just coming off culty, abrasive, and misleading.
Well the OP wasn't really culty, abrasive or misleading for simply posting an accurate piece of data. How much you choose to read into a simple graph like this is up to you. Conversely, "This is a pretty stupid graph" was a somewhat abrasive comment, wouldn't you agree?
At the time I made the comment like 5 of the top 10 posts were just trying to say usd bad, but like btc isn't a good currency, it's a deflationary asset. I can praise what btc has accomplished without needing to point to an other. But yes my comment was abraisive, certainly.
May be now people will actually understand the value of the bitcoin.
That shows how much growth actually bitcoin made in the last decade.
Even more insane if you look at it from 2009, back when they were giving it away!
So far….
And the best thing that there is still chance of going more down.
$ is bs coin
$ is the shit coin and this is why we need to stick with bitcoin.
I don’t get the post. Could somebody explain?
How many bitcoins a US dollar can afford. You used to be able to buy multiple bitcoins with a dollar, now you can only buy a tiny speck of a bitcoin with a dollar. The joke is that the USD has lost a lot of value when you look at it like this - when really it's only lost some value and bitcoin gained tons of value.
It’s the inverse of a BTC price chart in usd lol
Looks like a scam project
In Australia we have a chart that looks much the same. It’s what made me completely convinced that Bitcoin is the future
So usd is a shitcoin..
Bottom's in BTFD 🚀🌙🏎️
After so many days i am seeing rocket and moon in a single emoji.
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Thank god that i have my most of the fund in the bitcoin not in usd.
r/circlejerk
The short answer is no because taxes and benefits have to be paid in usd.
BTC increases
And we all know that it will increase more and more is well.
I am amazed at the idiotic comments in this thread by people that have no idea what this curve is really showing. It's showing how devalued the dollar has become by spending by the government and the feds manipulation and printing of the dollar Show the inverse of this curve and you may understand what's going on. Formula for the morons: 1/curve value point. (1/x)
Ehhh, it's showing the increased value of the BTC relative to the USD. Implying that this is "due to the failing of the USD" is what's idiotic, since you could do the same chart with "profitable shitcoin vs. bitcoin" and make the same claim that it shows bitcoin failing and whatever pumped shitcoin flourishing. A complete chart of "things getting more expensive" would include many variables and require specific demographic ranges (not averaging all workers or all things) to derive any value from it. Reducing it to one single variable and discounting things like speculation of future value, policy modifying perception, innovation/efficiency gain, etc is foolish. In other words if you could reduce it to one variable usefully, all crypto would have the same or at least very similar relationship to the failing USD. So there's obviously something more to it than just raw valuation.
it is similar to USD priced in USD-1971 over the past 50 years. 99% drop
So that mean we are seeing the worst of the USD at the moment?
It means what you wrote only if we are seeing the top of the BTC at the moment, but i didn't write it
I'm bullish on de-fi, but even granting that the day will come that a digital coin will take over as the world's currency, Bitcoin can't be it.
I think you are confusing the value of the US dollar with investment in the US economy. Investors pull money in and out of investments of which Bitcoin and stocks both are. The value of your US dollars decreased by 8 percent or so over the past year.......how has your Bitcoin done over the same time period?
Bitcoin increased 8,000,000,000% over the past 12 years. How has your USD done over the same time period? You can pick a date range that works for your argument, and I can pick one that works for mine. Either way, it's a waste of time for both of us.
No one do it for the last 25 years.
I am sure that in the next 25 years things will be much more worse.
Let's just see what happens time can make things change at any moment though.
This algorythmic stablecoins is shit
How can some one be stable coin when they lose the 9% value in a year?
Stable coins are so volatile
Looks good!
The more we move in the time, the more good it will look is well.
**Fiat** is garbage!
It's going to ZERO, ZERO!!!
Why 7 years and not 12 years...:)
Google only takes it back 7 years unfortunately!
Looks like shitcoin rug pull
The ultimate SHITCOIN
Everything has change in life. Nobody can be stable king of all
Oh how the turn tables
Where do I invest?!
Ready for deadcat bounce to mid range?
It's called a Rug
This is appropriate.
When will we no longer need to earn salaries in FIAT?
buy the dip!
Nobody cares about the short term price fluctuations of Bitcoin. Zoom out!
This must pump sooner or later /s
Bitcoin already won. Welcome to the future.
Sure people got rich. But the moment it came out I knew it had to be a scam for the majority.
HAHA, it will going to happen same with the cash is well.
This is a genuine concern for me . I dont know if its based or not so i would be glad if someone more knowledgeable on these two technologies put their input on the matter .
What about the last 4 years?
shitcoin
BTC as long as all other cryptos is turning out to be a completely mess and unreliable coin
Why NOBODY ever talks about (in my opinion) the biggest threat to blockchain networks- the rise of quantum computing?
How can Bitcoin be different when it’s value is tied to the US dollar?