Bitcoin failed to deliver.

johnarb said:
Think of the millions upon millions of people in Lebanon, Turkey, Argentina, Afghanistan, Peru and Sri Lanka and many other countries that would have been saved had they converted everything they have to Bitcoin
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That's true if they converted all their fiat to bitcoin in January this year? They would be saved by being down 50% on their chosen currency but it's ok because someone online says it's going to be fine in 2026.
You chose an arbitrary starting point, as did I.
 
johnarb said:
It's a crypto winter, price is going to be down during this period

I wish ET had a reminder function like Twitter, but if all of the hater no-coiners were honest posters, they will revisit these threads and these posts when Bitcoin goes above $70K in less than 2.5 years time
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I'll hold you to that, no excuses?
 
d08 said:
That's true if they converted all their fiat to bitcoin in January this year? They would be saved by being down 50% on their chosen currency but it's ok because someone online says it's going to be fine in 2026.
You chose an arbitrary starting point, as did I.
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Actually, I made a mistake on that post, I omitted the "5-10 years" at the end of it

Anything less than 5 years were too late for many of the people in those places as their financial system was too much n the death spiral stage
 
JackMorgan said:
He warned you weeks ago , but thing is, he blamed something stupid.

He forgot to mention the whale manipulation and 3am Chinese pumping that blew up the market to begin with .

Fresh sucker money from folks sold a bill of goods made you rich Mike. Crypto has solved ZERO problems, and created many

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He's in fact wrong. There was a Canadian public fund invested heavily in Celsius. I'm sure there are many others. That's pure insanity imo.
 
d08 said:
He's in fact wrong. There was a Canadian public fund invested heavily in Celsius. I'm sure there are many others. That's pure insanity imo.
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As I've said many times, nearly 100% of those involved in crypto are con men or nut jobs. (or often , both)

just printed 21700

so consider what someone who has held or even added all the way down from 69000 is thinking . I'd be thinking about how stupid I was. Crypto fanatics think 'how stupid they are "
 
You guys that think Bitcoin is dead, do you really expect a magical turnaround for the economy and government spending? Look at how the market is breaking with barely an interest rate rise and high inflation. If inflation starts to go lower it will only be because of demand destruction. And that demand destruction is clearly because the economy is toast and nobody has any money. The amount of people using credit cards to buy essentials is at an all-time high, look up the stats. The government can either accept a prolonged recession or they will have to start pumping again and we know how good the money printing is for crypto.

We also have yet to feel the effects of the real estate crash. Everything happening now is based on a tiny uptick in interest rates and high inflation for a couple of months. None of these issues magically go away and like I say if the inflation numbers come down it's only because the economy is grinding to a halt. There is no way out of this mess if we are to continue using dollars and hence somehow have to cope with all this debt. The path of least resistance is a more gradual increase in debt and hence manageable inflation and these are all bullish for crypto. But a more manageable increase in debt is actually very bad for so many people reliant on all this money printing and the bloated government spending.
 
Oh my ...... Cances are the minute MSTR capitulates Bitcoin will put on a big parabolic rally.

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tiddlywinks said:
Oh... that's just like climate-change scientists that use data as far back as the industrial revolution. Because there was no climate or civilization before that.

Get real. 3000 days (let's call it 10 years) is not enough for a reliable 3 year (or more) cycle.
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exactly my point. Data sample is too small, and add on top the fact they both peaks were reached with fake money, aka Tethers.
 
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