Is the crypto winter over?

[S2007S]

Btc is not pegged to the dollar, nor priced in $ except in the US, mate

I cannot buy btc using the US $ where I'm at, I have to use local fiat currency

You can prove my point by simply traveling to Dubai, South Korea, Indonesia, Argentina, Vietnam, Japan and attempt to buy btc using the US $

Infinite QE's will push the price up of bitcoins. Bitcoiners already know this that is why we put our lifesavings into bitcoin

Even when 1 bitcoin goes to $1M, we will not sell all our bitcoins, bitcoin will go to $10M and higher for our children and grand children and so forth. Generational wealth, dude

A million????


Let me ask do you have as much as you can invest in bitcoin???

The way you think its headed to 1 million I would hope you have every bit of your money fully vested in bitcoin this very second!!

 

[long]

But, of all the fiat currencies to buy BTC, I would think the USD the largest.


But again you still need to convert it back to fiat currency before you can go on your next vacation and what not, unless Bitcoin is widely accepted in public. But that hasn't happened yet (not on a global scale) and I don't foresee that happening anytime soon.

I think “pegged to the dollar” was the wrong term to use. In my mind and probably other people’s as well “pegged” would imply that BTC:$ was a fixed amount and doesn’t fluctuate.

 

[long]

Sell off continues, not hearing much enthusiasm as it has sold off nearly $12,000 since the etfs were released!!!!

I read yesterday that the Grayscale sell off might have something to do with FTX liquidating. The number mentioned was $900M worth….

 

[S2007S]

I read yesterday that the Grayscale sell off might have something to do with FTX liquidating. The number mentioned was $900M worth….

Very interesting. So after that the magical coin rises once again.

 

[johnarb]

A million????


Let me ask do you have as much as you can invest in bitcoin???

The way you think its headed to 1 million I would hope you have every bit of your money fully vested in bitcoin this very second!!

Yes, of course!!!! Fully invested into bitcoin

My family's life savings are all in on bitcoin, we only keep in fiat what we need for living expenses

 

[Frederick Foresight]

Yes, of course!!!! Fully invested into bitcoin

My family's life savings are all in on bitcoin, we only keep in fiat what we need for living expenses

You can't possibly be serious.

Try not to go over the top with your shilling.

 

[johnarb]

You can't possibly be serious.

Try not to go over the top with your shilling.

Fuck, take your meds, Mr. Foreskin! You know that I'm 100% serious, I even seem to recall you saying something like you can't wait for bitcoin to crash and I get ruined... when the price was below $20k/btc

I don't hold it against you, but you are going to wait forever

Read carefully..... Bitcoin will go to $1M and higher and there is nothing you can do about it since it's just based on simple logic

Have fun staying poor, asshole. No offense

 

[Frederick Foresight]

I even seem to recall you saying something like you can't wait for bitcoin to crash and I get ruined

I don't recall wishing you to be ruined. I'd imagine even you would have the sense to exit a sinking ship in time. A ship that well and truly deserves sinking.

Read carefully..... Bitcoin will go to $1M and higher and there is nothing you can do about it since it's just based on simple logic

Please explain this simple logic to me.

 

[johnarb]

I don't recall wishing you to be ruined. I'd imagine even you would have the sense to exit a sinking ship in time.

Did people on the life raft jump back into the sinking Titanic?

And on that thought, all fiat currencies are designed to lose value (purchasing power) over time, do you think it will change? or your fiat currency is different? Fiat is a sinking ship

Please explain this simple logic to me.

Not enough supply of bitcoins

 

[Frederick Foresight]

Not enough supply of bitcoins

That's deep. All kinds of deep.