Make your vote, Bitcoin will hit 18K now?

[fortunespeculator]

Whoever is going to buy it from me at 144k ~ 3 years from now.

Well i was planning to buy some bitcoin for cash in Switzerland in August

 

[JohnnyDoe]

Well i was planning to buy some bitcoin for cash in Switzerland in August

Here he comes again

 

[diatessaron]

Well i was planning to buy some bitcoin for cash in Switzerland in August

Get Mentor Group Gold and ask there, I'm sure someone will help you as long as you're legit.

 

[fortunespeculator]

Here he comes again

And so have you.

But on a serious note i need a couple of grand there for some other purpose.

 

[backpacker]

If this Bitcoin maximalist is forced to sell his stash -> Bitcoin's plunge spells trouble for the dot-com era entrepreneur who went all in
we will have to discuss 8k instead of 18k.

Just wondering how somebody who runs a company of that size and navigated it successfully through the dot-com bubble can be so naive .... .

 

[fortunespeculator]

And so have you

If this Bitcoin maximalist is forced to sell his stash -> Bitcoin's plunge spells trouble for the dot-com era entrepreneur who went all in
we will have to discuss 8k instead of 18k.

Just wondering how somebody who runs a company of that size and navigated it successfully through the dot-com bubble can be so naive .... .

More pain to come.

 

[Martin Everson]

If this Bitcoin maximalist is forced to sell his stash -> Bitcoin's plunge spells trouble for the dot-com era entrepreneur who went all in
we will have to discuss 8k instead of 18k.

Just wondering how somebody who runs a company of that size and navigated it successfully through the dot-com bubble can be so naive .... .

Yikes.

Quick somebody ask Tether to print some more USDT out of thin air and start buying up BTC to support the market...lol.

 

[Golden Fleece]

1) Bitcoin failed as an alternative electronic currency, which was its originally intended purpose (see the original whitepaper).

2) After re-inventing itself, Bitcoin then failed as a store of value uncorrelated with traditional financial markets.

His belief was a common one among the crypto faithful — that bitcoin provides a store of value uncorrelated with traditional financial markets.

That’s turned out to be a risky gamble, with digital currencies now moving in lockstep with stocks and other assets plunging amid fears of an aggressive interest rate hiking cycle from the Federal Reserve.

Bitcoin's plunge spells trouble for the dot-com era entrepreneur who went all in

A $4 billion bet on bitcoin by software firm MicroStrategy is in jeopardy after the cryptocurrency's recent plunge.

www.cnbc.com

What will the Bitcoin cult promote as Bitcoin's next re-invented purpose? Perhaps a new poll is needed.

Now, this is really worrisome:

Cryptocurrency exchange Coinbase Global Inc.. said on Tuesday it would slash 18% of its workforce, or about 1,100 jobs, as part of efforts to rein in costs amid volatile market conditions.

In a filing on Tuesday, the company said it expects to incur about $40 million to $45 million in total restructuring expenses, substantially all related to employee severance and other termination benefits.

Coinbase last month reported a 35% slump in total revenue to $1.17 billion for the three months ended March 31, missing analyst expectations and weighing on investor sentiment.

https://www.newsmax.com/finance/streettalk/conbase-bitcoin-cryptocurrency-layoffs/2022/06/14/id/1074304/

Why would a crypto exchange slash its workforce by nearly twenty percent -- unless it was also participating in dangerous crypto trading? During an immense period of volatility, a crypto exchange (or any other trading house) should be rolling in cash from the increased trading volumes and the increased revenue from trading fees. In other words, volatile market conditions should add to the profitability of any trading exchange, not reduce it. Something does not smell right.

 

[koohl]

So far it is stable at 22K - since last 12 hours! what do you want more?

 

[JohnnyDoe]

So far it is stable at 22K - since last 12 hours! what do you want more?

Uhmmm afaik 1 btc = 1 btc since 2009

 

[jjrapy]

Uhmmm afaik 1 btc = 1 btc since 2009

And so 1 dollar, euro, chf bill is still 1. What’s the point if you need to change it into fiat ? You have less and less fiat.
Or in the perfect crypto world inflation doesn’t exist? Lol

 

[Golden Fleece]

Uhmmm afaik 1 btc = 1 btc since 2009

Yes, and an ounce of gold today is the same as an ounce of gold in 1850. It is just worth $2,000, instead of $20.

Yes, and a 1980 Chevrolet Suburban is still a 1980 Chevrolet Suburban today. It is just worth a bit less.

 

[JohnnyDoe]

And so 1 dollar, euro, chf bill is still 1. What’s the point if you need to change it into fiat ?

I don’t need to do that.

You have less and less fiat.

Incorrect: I see a $ value beside btc that changes. I don’t have fiat.

Or in the perfect crypto world inflation doesn’t exist? Lol

Some coins are inflationary, some are not. For example the centralized shitcoin known as USD is very much inflationary and the CAO managing it is run by psychos governed by a senile guy called Brandon. No one even knows their balance sheet

 

[jjrapy]

I don’t need to do that.

Incorrect: I see a $ value beside btc that changes. I don’t have fiat.

Some coins are inflationary, some are not. For example the centralized shitcoin known as USD is very much inflationary and the CAO managing it is run by psychos governed by a senile guy called Brandon. No one even knows their balance sheet

Ok, so you live entirely on crypto. The property you were selling still has the same price in btc?

 

[Golden Fleece]

Some coins are inflationary, some are not. For example the centralized shitcoin known as USD is very much inflationary

Yes, that is why the USD has gained value over the past year, while Bitcoin has lost about 60% of its value. Nice logic.

Everyone is entitled to his own opinion, but not to his own facts. The facts are very clear.

And as jjrapy already pointed out, all of your property is now worth 60% less when sold for Bitcoin. So, your argument in that regard is utterly nonsensical.

 

[JohnnyDoe]

Yes, and an ounce of gold today is the same as an ounce of gold in 1850. It is just worth $2,000, instead of $20.

Yes and it is as useful today as it was in 1850: you can build pretty little things to try to please chicks. Usually with low rate of success if not coupled with more or less colored stones.

Yes, and a 1980 Chevrolet Suburban is still a 1980 Chevrolet Suburban today. It is just worth a bit less.

View attachment 3841

Aaaa the Silverado priceless

Ok, so you live entirely on crypto. The property you were selling still has the same price in btc?

Yes, it can be yours for 50 btc

 

[fortunespeculator]

Yes, and an ounce of gold today is the same as an ounce of gold in 1850. It is just worth $2,000, instead of $20.

Yes, and a 1980 Chevrolet Suburban is still a 1980 Chevrolet Suburban today. It is just worth a bit less.

View attachment 3841

The 1980 suburban chevrolet might fetch a lot in an auction as a vintage car by the way if not now then definitely by 2050.

 

[JohnnyDoe]

Yes, that is why the USD has gained value over the past year, while Bitcoin has lost about 60% of its value. Nice logic.

Bitcoin rate in USD changed 60% in a year, so what? Only good for me that I keep converting USD into btc at lower prices.

Everyone is entitled to his own opinion, but not to his own facts. The facts are very clear.

And as jjrapy already pointed out, all of your property is now worth 60% less when sold for Bitcoin. So, your argument in that regard is utterly nonsensical.

But I am not going to sell all of my property.

 

[Golden Fleece]

But I am not going to sell all of my property.

A classic non sequitur. You guys all have the same psychological pathology of a cult.

 

[JohnnyDoe]

The very definition of a non sequitur.

Why should I care about how many unwanted USD I will get for something that I don’t want to sell?