Quote from: _act_ on October 06, 2023, 10:17:41 PM

This is a good tooic.

I don't think so because it is generic information that is of little use and can even lead to confusion. I hope no one takes it literally. Let's see.

Quote from: Kara3 on October 06, 2023, 09:56:36 PM

The purchasing power of 1Us dollar vs 1Bitcoin clearly shows that one is going to zero, while the other is not.

Agreed. But it will be many years before the dollar reaches 0, if it ever does.

Quote from: _act_ on October 06, 2023, 10:17:41 PM

Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
If you are afraid that Bitcoin would go to 10k,ask yourself why they hold billions in Bitcoin.

These people have more than enough of their basic needs covered and can afford a very high level of consumption, investing the rest. Their case is very different from the beginner approaching this section.

Quote from: _act_ on October 06, 2023, 10:17:41 PM

Why do you think Nasdaq crashed 1.8% 2days ago and Bitcoin holding 27k line? Buyers still buy no matter what, that shows confidence in Bitcoin, and remember retail got no money right now.

That is nonsense. There are also plenty of times when the stock market goes up and bitcoin goes down. Short-term volatility tells us nothing.

Quote from: _act_ on October 06, 2023, 10:17:41 PM

Inflation is too high, retail salary vanished day it arrives, it not retail that buy Bitcoin now,
you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer

This is generally true, but for a newbie starting out, if they have few resources, they should first try to increase their income, then have savings in fiat and from there they can start buying bitcoin. It is a typical mistake for a newbie who has nothing, who with a lot of effort can buy $50 a month, and then has to sell because he has nothing else and may be forced to do so when the price has fallen.