Excuse my ignorance, but what is the global macro trafficking trade?
BTC - who still laughs about it?!
- Thread starter Fx-Game
- Start date
Excuse my ignorance, but what is the global macro trafficking trade?
I'm curious how many buy Bitcoin for its actual utility. I suspect the answer is close to zero.
The answer to why people buy/hold Bitcoin then is that it's motivated by a desire to profit from a price rise. Nothing wrong with that of course.
Let's just not pretend you're actually holding Bitcoin because it's better than fiat currency for buying goods and services.
The answer to why people buy/hold Bitcoin then is that it's motivated by a desire to profit from a price rise. Nothing wrong with that of course.
Let's just not pretend you're actually holding Bitcoin because it's better than fiat currency for buying goods and services.
"Narco," not marco. Narcotics. Drugs.
Take away the need to transfer lots of physical cash around, and you have eliminated a sticky wicket in trafficking drugs.
and also chinese money flowing out of China. China currency restrictions and private company crackdowns pushing people to use creative means to transfer money out of China.
That's apart from criminal money, the second biggest volume in cryptos. Chinese smuggling money out of China.
Sure. We don't have a problem with TRADING Bitcoin. We just don't like when we have to debate cultist nonsensical and untrue fundamentalist arguments.
"It is perfectly alright to invest in a ponzi, as long as you are aware of the dangers."
---- Chief Tecumseh
One bitcoin is one bitcoin. Why is paper money in hyper inflationary collapse?I'm curious how many buy Bitcoin for its actual utility. I suspect the answer is close to zero.
The answer to why people buy/hold Bitcoin then is that it's motivated by a desire to profit from a price rise. Nothing wrong with that of course.
Let's just not pretend you're actually holding Bitcoin because it's better than fiat currency for buying goods and services.
When the bitcoin dropped more than 80% from 19,000, how would you call that?
Collapse? Or crash?
Dollar strength.