Quote from: kolonel_x on Today at 09:18:48 PM

Quote from: hazenyc on August 10, 2021, 09:07:39 PM

Talking about a pattern for Bitcoin isn't making a lot of sense. I know you could show a graph now and tell me that in certain time intervals Bitcoin moves the same way again and again, but applying a pattern or trying to find a pattern for an unregulated area which has enormous potential impact on the global economy is just not reasonable.
Nobody knows what the regulatory environment will look like in 12 months from now, whether the banking lobby can achieve something that is bad for cryptocurrencies overall. We just don't know until our ideas and hopes become fact.

you have to be able to distinguish between the global economy and what is happening in crypto, these are two different things and I think it would not make sense to relate the crypto market, specifically to bitcoin, to the declining global economy.
I talked about in the previous thread discussing the impact on crypto after the pandemic and if it relates directly to the global economy I don't think it will be in sync because the global economy is not directly connected to crypto, especially bitcoin.

With all due respect, are you serious? Bitcoin is absolutely tied to the global economy, like a 100% tied to the global economy. The global economy and its current state is the reason why Bitcoin came into existence, but as we have seen during the pandemic Bitcoin moves exactly the same way the rest of the global market also moves. When everything crashes, Bitcoin crashes as well. Check the charts mate. Some here are talking about a hedge, but what do you need a hedge for if you can't pay your rent or your food? What does Bitcoin even help you when a virus is going around the whole globe?