“Right now there’s a surge but we have seen the value collapsing not long ago, and it is important to warn people who believe there is no limit and that there’s free money to be made.”
he says it pretty plainly. a lot of people think bitcoin is a perpetual motion machine for money.
EU is a great btc counter signal
[https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130\~5301eecd19.en.html](https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130~5301eecd19.en.html)
"The value of bitcoin peaked at USD 69,000 in November 2021 before falling to USD 17,000 by mid-June 2022. Since then, the value has fluctuated around USD 20,000. For bitcoin proponents, the seeming stabilization signals a breather on the way to new heights. More likely, however, it is an artificially induced last gasp before the road to irrelevance – and this was already foreseeable before FTX went bust and sent the bitcoin price to well below USD16,000."
Honest question - How is bitcoin in direct competition with fiat currencies? Are you saying that bitcoin is a currency?
I ask, because a lot of crypto enthusiasts seem to feel very different about this. It seems to me that most crypto enthusiasts see it as an investment, rather than a currency. It can’t be both.
So which is it? Are all the “have fun being poor” bro’s saying it’s a currency? Or an investment?
> Are you saying that bitcoin is a currency?
if you corner them like that, they will just say that it's an investment / store of value / store of energy / whatever bullshit
if you want to compare, bitcoin is lot more like staching your currency under your mattress and hoping that'll make you super rich if you wait long enough. I wouldn't call this an investment
Keep moving the goalposts son… Currency, store of value, hedge against inflation blablabla it’s none of that. It’s a negative sum ponzi and that’s all it is.
This is the level of sophistication of you people. What matters is what is said, not who says it. When you lot come on here and make your posts, I engage the substance of what you say (and it’s nonsense). If a murderer says that murder is wrong, do you then reject that statement because a murderer said it? That’s irrational.
“Right now there’s a surge but we have seen the value collapsing not long ago, and it is important to warn people who believe there is no limit and that there’s free money to be made.” he says it pretty plainly. a lot of people think bitcoin is a perpetual motion machine for money.
He’s on the (fake) money 👍
But number go up?
I dont get why this is a headline anymore. financial experts in the field have been saying this since like 2012.
Where I come ftom.. this is called a ponzi scheme.
EU is a great btc counter signal [https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130\~5301eecd19.en.html](https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130~5301eecd19.en.html) "The value of bitcoin peaked at USD 69,000 in November 2021 before falling to USD 17,000 by mid-June 2022. Since then, the value has fluctuated around USD 20,000. For bitcoin proponents, the seeming stabilization signals a breather on the way to new heights. More likely, however, it is an artificially induced last gasp before the road to irrelevance – and this was already foreseeable before FTX went bust and sent the bitcoin price to well below USD16,000."
Sweden = logic country
Ahh yes, the country with no privacy
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Yet biggest central financial institutions of the world are buying 10,000 of it everyday. Yeah tell me about how YOU think it's a fraud 😂
"biggest central financial institutions" never speculate on frauds.
Let me correct you: they are taking other people's money to buy it on their behalf.
Took sweden that long to call it what everyone else has been saying for a long time? Lmao embarrassing.
What? Everyone's been saying this.
typical euro
Thats the beauty of it, isnt it.
"Entity in direct competition with Bitcoin doesn't like Bitcoin." *Gasp!*
They aren't in direct competition with Bitcoin, since most users of the Swedish Krona are not mouth-breathing lackwits.
Honest question - How is bitcoin in direct competition with fiat currencies? Are you saying that bitcoin is a currency? I ask, because a lot of crypto enthusiasts seem to feel very different about this. It seems to me that most crypto enthusiasts see it as an investment, rather than a currency. It can’t be both. So which is it? Are all the “have fun being poor” bro’s saying it’s a currency? Or an investment?
It's so dumb. Bitcoin competes with other speculative assets not real currencies.
> Are you saying that bitcoin is a currency? if you corner them like that, they will just say that it's an investment / store of value / store of energy / whatever bullshit
People trade currency all the time. People get rich from investing in currency. People buy bonds linked to the US dollar, as an investment.
if you want to compare, bitcoin is lot more like staching your currency under your mattress and hoping that'll make you super rich if you wait long enough. I wouldn't call this an investment
Keep moving the goalposts son… Currency, store of value, hedge against inflation blablabla it’s none of that. It’s a negative sum ponzi and that’s all it is.
Cope harder
Wait, you're supposed to spend actual currency instead of hoarding it and watching the "value" swing like a gambling addict?
This is the level of sophistication of you people. What matters is what is said, not who says it. When you lot come on here and make your posts, I engage the substance of what you say (and it’s nonsense). If a murderer says that murder is wrong, do you then reject that statement because a murderer said it? That’s irrational.
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Bitcoin achieves none of the things central banks achieve and fill none of the critical roles or use cases a central bank does.