is simply the gamble of "it wont go to zero while I have it, it'll go to zero after I cash out". You're all very silly aren't you?
Reminder that every 'investment' in bitcoin
Joseph Evans
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Joseph Martin
yep you got me
Jace Diaz
yeah it's a ponzi but i'm in profit
Lincoln Nguyen
Tether is about to cause the most catastrophic rug-pull in human history.
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New information on the tether lawsuit:
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As of today, seven-day printing-rate of tether is $38 billion per annum.
I suspect that the CFTC knows that tether is a scam, but they won't audit it for the same reason that they won't audit the COMEX. Crypto is an Adam Back/Blockstream-created ponzi to split the anti-fiat community. The COMEX already would have gone bankrupt if our efforts had been fully concentrated on physical silver during these past ten years. Once fiat collapses, BTC becomes priced in gold, and all crypto (as being the fruit of the poisoned tree) immediately goes to zero.
"To overturn the history of gold is wishful thinking. Fully backed Gold and silver substitutes and circulating coins are practical and acceptable for 7bn transacting individuals. BTC will then have no role and sink to zero priced in gold." - Alasdair Macleod, 8 November 2020
BTC requires $100-fees and 3-day transaction times when even 0.1% of the world population attempts to use it as a currency; the only solution is to go through Blockstream’s second-layer solutions which track and trace everything you do. Blockstream is controlled by the banks and the Bilderberg Group. Projects like BCH are not the answer, since they are just as liable to human corruption as BTC was.
Not only is BTC worthless as a currency, but gold-backed crypto already exists. We don't need BTC for anything.
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Also, gold-backed yuan and rubles will soon be used in the banking system.
Colton Lopez
it will never go to 0, it will continue going up as it becomes the world standard store of value and will fluctuate by no more than 1-2% yearly around a price of 5M.
Christopher Evans
ahahah
Michael Thompson
why are you here
Ethan Thompson
>he doesn't see the value in a hardcapped, infinitely divisible, mathematically provable, unstoppable, decentralized method of value storage and transfer with 24/7 uptime that's stateless, permissionless, borderless, and non-confiscatable, and is also hard and still-hardening money
Christopher White
>It's going to zero
>t. nocoiners and gold bugs every day for the last 12 years
You've literally had over a decade, lol. With that being said I'm also heavily bullish on silver (gold to a lesser extent, it's a great store of value to protect against inflation). Idk why people can't just accumulate both... They aren't really exclusionary assets.
Evan Diaz
That makes no sense. Nobody invests in something just because “it won’t go to zero”. People are buying because it is globally accepted as a store of value that cannot be controlled by a central bank and its being used as a hedge against inflation which we all know is coming after this absolutely insane money printing party.