Quote from: HardFacts on June 21, 2022, 01:41:08 PM

I am one of the ONLY people here using Logic, most people here are completely and utterly emotionally invested in Bitcoin...

The guy who only shows up during bear markets to scream about how everyone should listen to Peter Schiff calling other people too emotional. Lol.

Quote from: ChrisPop on June 21, 2022, 05:10:46 PM

Aren't there payment processors out there who instantly change Bitcoin to fiat in the backend for a fee?

Yes, many. It is very easy for a merchant to accept bitcoin and have it instantly converted to fiat so they are not exposed to any price fluctuations whatsoever, and all for a lower fee than they pay for accepting credit card transactions.

Quote from: HardFacts on June 21, 2022, 08:13:58 PM

WRONG

Bitcoins run up in price was during the MASSIVE MONEY PRINTING by the Federal Reserve that followed the financial crisis of 2008. Bitcoin really started trading on any significant scale when things were near rock bottom already, and financial assets only went up due to Quantitative Easing 1, 2, and 3, and zero interest rates...

I mean, QE 3 ended at the end of 2014, when bitcoin's price was ~$350. By the time bitcoin peaked at ~$20k at the end of 2017, the Fed's balance sheet had been static for years, and indeed they were just starting to reduce it. The peak of ~$13k in 2019 came at a time when the Fed's balance sheet was the lowest it had been in 5 years. This run up was absolutely influenced by more money printing, as I said on the first page of this thread, but bitcoin has not only survived times when there was no money printing or indeed active steps to reduce the outstanding balance, but has even hit peaks during these times.