Post
Topic
Board Economics
Re: Still confused why bitcoin is so bullish?
by
BlackHatCoiner
on 19/11/2020, 06:54:12 UTC
pump is not caused by Paypal or halving. Who TF takes care about paypal? We have 100000000 ways to buy crypto. Paypal is only another one. Pump is caused by panicked investors searching for good place to hide from inflation.
You wrote some good content there, mate. As for paypal, I have to agree 100% about it. Paypal, AKA Fee Eater, started selling cryptocurrencies. So what? Excluding the fact that they're useless on your account since you basically can't do anything with them, they had already bought them! They don't change the market value of bitcoin. Panicked investors do. The only thing that paypal helps is spreading the keyword bitcoin.

Everything you said about $ inflation was also right.