Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
USB-S
on 19/06/2016, 12:55:22 UTC
more high quality tits on bitcoin for price increase!

NSFW image.

You do realize this is double top, and is usually quite bearish?
Think longterm, every tit notarized on the bitcoin blockchain is a tit lost by the regular financial system.

Quote of the F'ing Year!

"Think longterm, every tit notarized on the bitcoin blockchain is a tit lost by the regular financial system."


... But this made me thinking ... What happens with the useless fiat dumped on the exchanges???

Where is it reinvested?? ... Because if Fiat will devalue drastically on a global scale ... the exchanges will not have any leverage!

I don't think they will allow themselves being left holding the bag ....
Men who hold enough fiat to devalue it, won't buy bitcoin and people don't need bitcoin enough for fiat to be devalued. Only people who need bitcoin are prostitutes, drug dealers and inmates. We have that going for us, which is nice. However if bitcoin exists long enough, fiat is guaranteed to be devalued because of bitcoin. But currently bitcoin is for the under-serviced.