Here he comes again
And so have you.Here he comes again
And so have you
More pain to come.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 .... .
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 .... .
https://www.cnbc.com/2022/06/14/bitcoin-plunge-spells-trouble-for-michael-saylors-microstrategy.htmlHis 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.
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.
https://www.newsmax.com/finance/str...cryptocurrency-layoffs/2022/06/14/id/1074304/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.
Uhmmm afaik 1 btc = 1 btc since 2009So far it is stable at 22K - since last 12 hours! what do you want more?
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.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.Uhmmm afaik 1 btc = 1 btc since 2009
I don’t need to do that.And so 1 dollar, euro, chf bill is still 1. What’s the point if you need to change it into fiat ?
Incorrect: I see a $ value beside btc that changes. I don’t have fiat.You have less and less 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 sheetOr in the perfect crypto world inflation doesn’t exist? Lol
Ok, so you live entirely on crypto. The property you were selling still has the same price in btc?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
Yes, that is why the USD has gained value over the past year, while Bitcoin has lost about 60% of its value. Nice logic.Some coins are inflationary, some are not. For example the centralized shitcoin known as USD is very much inflationary
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 an ounce of gold today is the same as an ounce of gold in 1850. It is just worth $2,000, instead of $20.
Aaaa the SilveradoYes, and a 1980 Chevrolet Suburban is still a 1980 Chevrolet Suburban today. It is just worth a bit less.
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Yes, it can be yours for 50 btcOk, so you live entirely on crypto. The property you were selling still has the same price in btc?
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.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.
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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.Yes, that is why the USD has gained value over the past year, while Bitcoin has lost about 60% of its value. Nice logic.
But I am not going to sell all of my property.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.
A classic non sequitur. You guys all have the same psychological pathology of a cult.But I am not going to sell all of my property.
Why should I care about how many unwanted USD I will get for something that I don’t want to sell?The very definition of a non sequitur.
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