He's holding crypto even though we're about to go into a deflationary spiral

>he's holding crypto even though we're about to go into a deflationary spiral.
get real

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I only hold usdt

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Stfu bitch we will not give you any more time to accumulate. The train is ready to leave you better have your bags packed because we're not stopping this baby till we arrive on the moon. Understand?

>he isnt holding DAI to profit off the impending volatility

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Exactly why is crypto going to be worth less fiat now than in say 3-5 years?

Ecochain tho...

brrrrrrr
> deflationary

FIAT can buy me anything I want. Crypto relies 100% on the belief of the greater fool. I buy this useless token but surely some other idiot is gonna pay more for it later. If this idea pops then all your coins are instantly worthless.

Fiat is literally exactly the same

People that buy never think they will be that fool. Don't underestimate greed especially when people have to cope with their shitty lives.

Can't buy research chemical dissociative analogues from China with fiat.

Can't even use euros in America my guy, you'd have to convert them or pesos in China

I know.

Fuck off you faggot piece of shit. You disgusts me

>He has such a shallow grasp of how money works that he thinks the money printer = inflation
wew lad

then sell bitch

>deflationary spiral
>literally 30% of US dollars that exist have been printed in the last 6 months
>ask us how we know you don't know what deflation means

>fucking pleb gets angry instead of seeking knowledge
you are food user

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>he thinks they actually print money
top fucking kek

FIAT can buy me anything I want. {x} relies 100% on the belief of the greater fool. I buy this useless {x} but surely some other idiot is gonna pay more for it later. If this idea pops then all your {x}s are instantly worthless.
>crypto
>stocks
>shiny rocks
>pokemon cards

I'm so confident about my cvp bag so don't care

what can you even hold to defend against that? seems like everyone owuld be fucked

wise... nothing gone wrong hodling that gem

exact same principle applies to FIAT ... and has happened in the past many times before

if FIATs only use case is to purchase things other than itself, that makes itself useless in certain conditions.

Currency tokens maybe, utility tokens gain value from use and trade.

Yeah, we totally didn't see literally all asset markets blow up in the past years due to the printer.

t. doesn't know how the financial system works.

>what is QE and what is its net effect on the economy?
>how about giga QE during a black swan event?
you're a fucking brainlet and you only see what you wanna see

raoul paul thinks delfation is coming and he's bullish on BTC

They don't?

>all assets increase in price
>not inflation though ill just call it something different and say its deflationary

The fuck you talking about OP, did you know that 22% of USD supply was printed in 2020 alone.

Gold has been doing this shit for millennia so