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Showing 7 of 7 results by Soft Lies
Expecting bullish trend in the cryptocurrency market while there is still crisis? Of course it is impossible because this crisis is not ordinary due to the death related problem, even though halving is near; I do not think that it can boost the price of the bitcoin too much. I expect only small movement because we are still in the crisis and the selling pressure in the market is still high.
You POOR, IGNORANT, FOOL....
You are not thinking at all, the ECONOMIC CRISIS will be much, much worse than the Corona Virus. The economic crisis and depression will last for many years after Corona virus is gone
Hard Facts
Yeah love your mixing of soft lies with hard facts.
If and when we have a solid world wide recession there is no reason to think BTC will be the worst of all the assets to be holding.
Sports teams and their stockholders worldwide are facing a huge FUD for a few years to com.
Airplane builders like Boeing are shitting the bed.
Theme parks
Movie theaters all will suffer
Cruise ships good luck with that.
BTC and the world of crypto allows you to stay in your home which is looking like a good option right now.
So hard fact = many companies will suffer from this for at least a year or two.
Soft Lie = cryptocurrency will suffer as much as the worse set of companies.
...
The LIE of BitCoin as " Digital Gold " or a " Safe Haven " has been exposed. No rational person is buying that false narrative anymore. A 50 % crash in price due to the economic crisis told every rational investor that BitCoin was nothing more than gambling at the Casino
Central Banks, Countries, and Large Institutional Investors are getting as much Gold as they can, NONE, NONE, NONE of them are buying BitCoin.
WISE UP, That pipe dream is OVER.
Hard Facts
You sir are the lie against bitcoin.
BTC is a method to turn electrical power into coins. It can be used as a safe haven in some cases not all.
Essentially no asset is safe from the sun doing a super nova. So all assets are only some what of a safe haven.
Is BTC a safe haven against a world wide disaster that kills off 7 of the 8 billion humans on earth no.
BTW gold would be a big fail in that case.
The degree of a safe haven for wealth is complex.
Reality is only space travel and multiple locations in the universe will get us to have really good safe havens.
Toss in a variation of altered carbon on netflix with multiple clones of ones self placed on multiple planets in multiple solar systems and save have becomes close to being acheived.
BTC is a safe haven in a local war or disaster.
It is better then gold as you do not have to carry pounds of gold in your pocket when you are running.
As to a 50% collapse in price. Lets look at that 3900 the low for march and 6800 the price today.
That is a large uptick for a BTC purchase.
A miner gets the added benefit of a 15% difficulty adjustment in his favor.
So he get 1.15 coins mined vs 1.
which means 6800 x 1.15 = 7820 from 3900 back in march.
This makes for a nice gain for a miner. Even better then one that purchased a coin.
It is quite clear to me you will continue to be soft with those limp half truths you choose to tell here.
Re: Gold quickly becoming more scarce. Which will be worth more, Bitcoin or Gold?
Seeing Bitcoin's potential every year the price is always increasing.
How UTTERLY STUPID and OBVIOUSLY WRONG can you be ??
JAN 1 2018 BitCoin Price: 17,712 USD
Price Today: in the 6'000's
REALLY ? Would anyone be dumb enough to trust this guy for anything
So I purchased at 3889 this month and it is now over 7k.
Re: Gold quickly becoming more scarce. Which will be worth more, Bitcoin or Gold?
Gold and Bitcoin have equal standing when it comes to scarce supply and the value could not be manipulated by banks.
But in terms of convenience, Bitcoin has the upper hand compared to gold. Because buying Gold is very difficult to deliver and when it comes to Bitcoin it's just one click away and you have instant BTC.
But in terms of convenience, Bitcoin has the upper hand compared to gold. Because buying Gold is very difficult to deliver and when it comes to Bitcoin it's just one click away and you have instant BTC.
WRONG, WRONG, WRONG...
You can not buy Gold right now, everyone wants it and no one is selling. What do you think that will do to the price
( Grade school level question here ).You can buy BitCoin all day long at about 1/2 price since the economic crisis started. No matter how much you may wish it was not true, more people are happily parting with their BitCoin than their gold
WISE UP...
Hard Facts
This chart says the highest price for gold since March 13 2020 was on march 8th it was 1674 gold is now 1580 on march 31st
With all due respect, I beg to disagree. The economy is far from fine. It is about to crumble down. The current problem is not just about people having no money to spend. It has also become a problem where to spend them. Shops, restaurants, shopping centers, bars, and so on are closing.
And not just these kinds of businesses. Even factories and manufacturing centers, hotels and resorts, airlines, casinos, and many more are also closing down. People are not earning anymore.
BitCoin grew up in an ECONOMIC BUBBLE, where virtually all assets were going up. BitCoins PRICE CRASH in its first economic crisis should worry everyone
The economic crisis will last for many years, yes worse than the GREAT DEPRESSION. It is impossible to predict, BUT, if BitCoin continues to react this way to an economic crash, BitCoin is DONE, going down to almost zero.
Hard Facts
BTC has recovered from 3900 price point to 6500 and had a 15% difficulty adjustment in favor of miners.
That is about 1.91x better for a miner . Seems like the hardfacts are once again a soft lie.
⭐ Merited by o_e_l_e_o (1)
A crisis is coming. It will be a financial/debt/currency crisis and this may lead to an economic crisis. Banks and governments will blame the pandemic.
But the real economy is fine. Shops and bars will open again. As long as people have money to spend, others will keep their jobs.
ABSOLUTELY WRONG !!!!
An EONOMIC CRISIS is coming, and it will be worse than you imagine, the real economy will be DEVASTATED... People will not have money to go to bars and shops again like before. Most people will be broke and barely able to afford food.
While some people will have money, it will be VERY FEW. Just look at Venezuela if you want to see the consequences of unlimited money printing. I have news for you, BitCoin will NOT, NOT, NOT be part of the solution. BitCoin grew up in an economic bubble, where everything went up... The price of BitCoin CRASHED at the start of the economic crisis, the false narrative of BitCoin as a safe haven is now exposed
The Dream and initial promise of BitCoin being used everyday just like currency FAILED, and was abandoned by most years ago... I was smart enough to stop trying to WISH imaginary things into being real in first grade.
WISE UP
Soft lies mixed in as usual.
BTC dropped to 3900 after Donald Trump made the announcement that the virus could last until July or August Btc dropped and all stock markets dropped. Silver Dropped Platinum Dropped Gold dropped a bit.
If you review the numbers for BTC miners coins are now 6500 vs 3900 and a 16% difficulty adjustment making coins easier to earn happened.
Thus BTC has recovered quite a bit. From the panic moves made of most stores.
BTC now looks and is a far better investment then:
Airline stocks
Boeing Stock
Hotels Stocks
Movie Theater Stocks.
Sports in general will take much longer to recover.
Virtual gaming using BTC to play and be awarded as prize money looks much better then a crowded baseball park.
You are right about the world changing from this so I will give you a single hard fact. But your btc assessment is mostly all soft lies.