BTC: The Bubble Waiting to Burst

[fukurou]

BTC, originally was supposed to have intrinsic value.
meaning people were supposed to actually use it to buy shit.

but they don't. the people who own crypto are nonproductive,
they are speculators who contribute next to nothing as a whole.

when the rich speculators finish buying all the crypto, they can,
the bubble will burst, and it will be commodities to absorb the wealth leak of BTC.

BTCs failure to save businesses from the censorship of credit card companies,
as well as its failure to be used freely worldwide (its banned and unusable in several countries), has shown how volatile and unreliable it is.

if you do have an online business selling digitized goods, it is wise to use a small amount
as a business tool, but certainly it is not a safe haven for wealth.

most investors may buy a house with crypto, but I don't think many would sell a house
for something as volatile.

 

[Skelly]

 

[Negroid Berber]

BTC is store of value. I am sure it's going to crash again and again but it will always come back and hit ATHs while the dollar goes to zero against it.
Altcoins are all going to zero as well.

 

[blackpillednigga]

View attachment 1371559

BTC is still volatile and an extremely unreliable store of value. corporations started adapting crypto years ago but they pulled the plug once they realized they cant use it as a reliable replacement for fiat

 

[fukurou]

View attachment 1371559

if its not a bubble how come it did jack shit to save companies censored by the credit card companies?

 

[starcrapoo]

there's a set limited supply of it built into the code

for an asset so scarce yet has such high demand, you'd be foolish to not have any or sell any amount of it

basic supply and demand law in economics 101 says when there's high demand for something with a limited amount of supply, prices go up

go ahead, sell your btc. the nation states, blackrock, and mega corporations stacking it want to buy it from you.

 

[nazianime]

Crypto is trash, computers are supposed to make things cheap and easily/freely duplicated. The asshat that made crypto took the worse of fiat currencies and the worse of computing.

 

[Emba]

I don't like it