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Bitcoin anyone? Crypto?

this thing happens in cycles

bit rose
eth rose
alts supposed to follow, they kinda rallied, we are now in bear market possibly (im not sure but im also not buying, im getting out for the most part)

and just because alot of folks do something dont make it a good idea. what is their reason for it being a hedge? for me it doesnt meet much of the tests; it holds no intrinsic value, its not backed by a long standing history of valuation (far too volatile), and aside from peer to peer transfers its only value is speculative really. etheruem and other coins are already superior to bitcoin for transactions and with eth2 launching its only going to get shadowed but this market is growing at an alarming rate; given how the money supply is created the crypto market honestly leaves alot of questions answered. lets face it, there is a correction coming due to the very nature of how fiat has operated these past 50 years and crypto is not immune to the fiat issues or inflation itself.


Cool story bro. If you don’t think crypto is a hedge against inflation or is too risky then by all means dont put any money into it. Makes no difference to me. You asked why people thought crypto can still surge and I offered my opinion.
 

If you bought at $65K, you are dead today. You paid a big commission to buy and will pay a big price to get out.

You can't really spend it to buy a car or land or gold.

What if your $65,000 is stored in a computer in Russia with Putin in charge? You have no clue where it is.

You are simply buying a trade that big players (the big Hedge Funds) will sell faster than you can.

You are buying a hope and a prayer: It's a scam.


Oh the Russians how scary!!! We have enough problems with our own government and clown president blowing out the dollar ruining our economy to worry about Putin stealing our money. 25 percent of all money thats ever existed minted in the last 6 months on top of an epic plandemic.
 
Cool story bro. If you don’t think crypto is a hedge against inflation or is too risky then by all means dont put any money into it. Makes no difference to me. You asked why people thought crypto can still surge and I offered my opinion.

lol your opinion is that crypto is a hedge, ok but why? aside from "look it up yourself bro, billionaires be doing it"

the only thing bitcoin really offers as a hedge is the scarcity attached since bitcoin has a finite number of tokens that can be mined
 
The people that bought in at $65k are only down on time. Unless they capitulated and sold at a loss. But then that is on them for being impatient.
some think bit will hit 100k but this year? maybe next bull cycle

it didnt drop below the 30K support level but will it break the resistance of around 42 it may soar. its getting close now, almost back over 40 but this could be a bulltrap
 
lol your opinion is that crypto is a hedge, ok but why? aside from "look it up yourself bro, billionaires be doing it"

the only thing bitcoin really offers as a hedge is the scarcity attached since bitcoin has a finite number of tokens that can be mined



You argue that crypto is not a hedge and immediately give an example of why it is?

I agree! Glad we agree. It’s scarce. It can’t just be printed off like Monopoly money. It’s scarce and people have decided it has value....same way as gold.

That and it’s value is decentralized and unregulated by our government. Therefore, crypto is not subject to effects caused by our government’s actions and policies the same way the dollar is.

On a side note... you converted what I said earlier to Ebonics. I guess that’s why it went over your head when I hinted about not wanting to spoon feed or argue with you. I didn’t say in your native tongue.

So...just so we be clear. I be dones talking to you bouts it and don’t be caring if you agrees.
 
You argue that crypto is not a hedge and immediately give an example of why it is?

I agree! Glad we agree. It’s scarce. It can’t just be printed off like Monopoly money. It’s scarce and people have decided it has value....same way as gold.

That and it’s value is decentralized and unregulated by our government. Therefore, crypto is not subject to effects caused by our government’s actions and policies the same way the dollar is.

On a side note... you converted what I said earlier to Ebonics. I guess that’s why it went over your head when I hinted about not wanting to spoon feed or argue with you. I didn’t say in your native tongue.

So...just so we be clear. I be dones talking to you bouts it and don’t be caring if you agrees.
being scarce doesnt make something an automatic hedge
https://boards.4channel.org/biz/thread/36893761
 
I am one of those people. If it doesn't before the year is over then at least by April of next year. That's just my opinion formed by all the chart analyst that I follow. It's still early and I'm still bullish. :party:
good luck dude; i got in back in october and rode what i thought was the bull run

this thing seems to pump every 3 years like clockwork
 
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