Bitcoin failed to deliver.

Discussion in 'Crypto Assets' started by Laissez Faire, Jun 13, 2022.

  1. Baron

    Baron ET Founder

    It's hard to lose money when you don't make any trades.
     
    #11     Jun 13, 2022
    wastelands, speedo, NoahA and 2 others like this.

  2. I guess you dont read you own board.
     
    #12     Jun 13, 2022
  3. johnarb

    johnarb

    It shows how stupid you are, imma be 13 in a few months
     
    #13     Jun 13, 2022
    JackMorgan likes this.
  4. Bar Mitzvah ?
     
    #14     Jun 13, 2022
    johnarb likes this.
  5. MrMuppet

    MrMuppet

    You stuck to that rule pretty well, since you don't even trade or have any position. I wonder how you like losing 10% each year from inflation...oups XD
     
    #15     Jun 13, 2022
    johnarb likes this.
  6. Baron

    Baron ET Founder

    I'm referring to crypto trades.
     
    #16     Jun 13, 2022
    johnarb likes this.
  7. ElCubano

    ElCubano

    At what price point would you say Bitcoin is never coming back?
     
    #17     Jun 13, 2022
    johnarb likes this.
  8. KCalhoun

    KCalhoun

    Originally back when btc was 40k I thought I'd be interested in it here at 25. But inflation etc is so bad I'm confident folks will keep selling btc and stocks.
     
    #18     Jun 13, 2022
  9. johnarb

    johnarb

    If BTC goes to $500 or lower
     
    #19     Jun 13, 2022
    ElCubano likes this.
  10. MrMuppet

    MrMuppet

    BTC never was supposed to be an inflation hedge, that's only a narrative that evangelists, maxies and fanatics used to spread but if you ever dove deeper into it, you realized that has never been true. Just like gold isn't an inflation hedge or stocks or bonds, crypto isn't hedging anything.

    BTC is a permissionless, censorship - free and trustless way to transfer money. That's its usecase and BTC delivers marvelously since it's inception, no matter which price it is trading at.

    You could say it failed once the network failed and it's not possible anymore to do a money transfer, but as long as mining is profitable (which it is) and the network is active, everything's fine
     
    #20     Jun 13, 2022
    johnarb likes this.