BTC - what is it good for?

I'd like to know that as well.

 

Anyone who subscribes to a cyclical pricing model. Such models suggest lows in this neighbourhood occurring some time in the range of 2022 Q3, Q4, 2023 Q1, Q2. Specifics depend on the exact model, of course.

Maybe there are other big buyers, too, I don't know, and of course the price can go down, but I would guess there are a lot of quiet buyers and others covering their shorts right now. At least among those in the model-driven group with time horizons of at least a couple years.

 

As volatile as btc and crypto has been, and as hard as it fallen, I find it rather impossible that the world's 'random' supply and demand has 'settled' on a price of $19k-$20k. Someone is either holding it up or keeping it down, because imho there is no way this has 'organically' lost it's volatility lately.

 

Right, this is what I am trying to figure out. The article says- “there’s no natural buyer” for BTC. So if we remove the speculative aspect, what is the “fair value?” I don’t know if it will “settle” at 1k or 100k.

 

Cliff notes.

 

Difficult for me to do but at the 31 minute mark there's a zinger from Greg

"Total global debt is $400T, total GDP is $100T, the US is the best looking horse at the glue factory... but countries on the periphery are breaking down fast"

On the video, mentions of UK, Japan, and I've posted on different threads, China, Indonesia, Peru, Lebanon, etc etc

If there's a nuclear escalation, groceries and other stuff where you are at will be chaotic. Toilet paper and water and groceries...

Take that a second level, what if financial systems freeze up in the chaos, ie.e banks where you are at, do you have the ability to go somewhere more functional and stay temporarily for a month or 2, or indefinitely?

I sleep good at night and I have a family... peace of mind during a possible chaos is what BTC is good for per the OP

Jeff Booth and Greg Foss are both Canadians, worth mentioning, since they have experience with Canadian Emergency Act financial system mess

PS: Forgot to mention the financial breakdown of El Salvador financial success because of Bitcoin around the 35 minute mark

 

Let's call it "a special operation" ROFLMAO.

 

I think in order to call something a ponzi scheme, Congress has to form a committee and supoenas witnesses to look into it.

 

I remember when 'preppers' were considered the fringe paranoid nutcases, and it sucks that that is now referred to as 'back in the day.'