Seriously

why is Bitcoin fucked when inflation is high but gold is still doing fine?
what happened to BTC being a store of value and digital gold?

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pmfag here
I bet you were laughing at boomer rocks not too long ago.
not laughing now, are you?

lmao retard
It's LITERALLY NOTHING and ENTIRELY SPECULATIVE.
kek
Retards.

Kinda strange how it tanked. How much loan money is in crypto.

Because it never was, you were being told that by people who had a position that would benefit from retail buyers piling in. Bitcoin is a volatile risk asset bloated by recent financial policy, it is not a store of value whatsoever

because theres not a little red ticker that says -15 next to your dollars

It only works as a store of value if you hold very long term. Bitcoin has stored value for everyone who bought in 2016, 2018, or even at the Covid lows. But it's not "digital gold" in the sense that it can just collapse -80% at any given moment.

because most bitcoin "investors" are just dumb kids who want to get rich quick and corporations that want to make money of the dumb get rich quick people

Bitcoin was worth $4k just 3 years ago.

because fucking literal countries hold trillions in gold. That's why it's stable.

>store
>to hold, secure
If you had a jug or a gas tank and it "stored" gas the way btc stores value you'd get a new tank.

This

Gold has better USD inflation fiat than Bitcoin.
They are all basically fiat (gold has niche industrial uses so its technically a "commodity" but its really fiat)

You're a mark. You will always be a mark.

dont get discouraged now... the bull run is coming bros... any day now... satoshi wouldn't let us baghold... hes on our side bros... hes looking out for each and every one of us... please just keep holding your BTC... please... i know it's tough but we're all in this together... the crabbing is just to test our resolve... sell your car, your possessions if you have to... the bull run is inevitable... mark my words its gonna happen... just keep stacking sats bros... BTC is the only salvation in this corrupt system... even if it takes months, years, decades... just hold hold hold... please... we're all gonna make it bros... ignore the naysayers... friends, family, colleagues... they dont know what we know... by god we will have the last laugh... just make sure you keep holding... we all must hold for the bull run to happen... its the only way... so you gotta hold bros... please...

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>worth
topkek

It's tied to Nasdaq now but was never digital gold. Still time to buy gold and silver.

Because a lot of people and investors bought it on debt and leverage and now panic

Were not far from saylor getting margin called abd coinbase going bankrupt, another two weeks luke the last

See dotcom bubble
See tulip mania

Nobody will give a fuck about BTC in years to come.

Ah yes, I remember an article about archaeologists discovering a pharaoh’s sarcophagus which was entirely made of bitcoin.

Fiat is backed or given value by governments, it has no inherent value and can be printed at any time.
Gold's value comes from moving tons of earth, spent fuel, blood and sweat. It cannot be printed, increased production only comes from increased prices and has a lead time of years.

its all manipulated

there is infinite fiat available to naked short whatever is a threat to the system

gold is below 2008 levels and below 2000 levels inflation adjusted it's a boomer controlled opposition financial instrument.

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I'll let you in on a little open secret:
The faster something dumps right now as Jerome pretends the money printer is off, the more bullish it is for that asset when he admits he cant turn it off. Gold takes longer to dump because it involves getting off your ass to sell. I'll let you think through the rest.

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>can‘t even sentiment
ngmi

It was all just a big scam. Thanks for playing.

Because despite the narrative bitcoin alway runned on greater fools principle and right now we're out of idiots to buy our bags.

This

Op you dont genuinely think btc's growth last year was organic, do you?
It was clearly pumped by big money and now they are just taking their money out.

This. As the world's reserve currency, other countries will get hit extremely hard as the USD collapses. BTC will gradually become adopted by more and more countries, and at some point the U.S. will capitulate too.

Why would anyone buy it? People have been selling assets to cover food, rent and gas it's not like they are going to have spare cash to buy back in and if they did why would they buy this? Russia, China amongst others have been steadily purchasing gold and will continue to do so.

Holy fuck that image hahaha what the fuck

>absolute state of copious bagholding
how old are you?

This

Selling assets for a fiat currency that is on the brink of runaway inflation during a time when the world is on the bring of a global depression? Based cattle

Everything runs on that due to entropy, there is no good you can't park without losing energy, even gold needs security so it has a cost and energy loss for parking.

Crypto assets correct first tough, people forget that 2017 bullrun had deflationary conditions, so did the 2020 early movements.

I don't think we will correct much more but fucking fed boomers larping they want to cause a recession to reduce inflation is going to crash EVERYTHING and i mean everything, maybe today we see -10% on boomer markets.

It's honestly insane how incompetent they are there is a massive energy shortage and they are fuding energy futures causing that companies do not invest in that.

And if we see 10% unemployment rates with 10% inflation rate shit will get violent.

you forgot
>proof of work
>energy crisis

>copious bagholding
Check back in 3 years. You know I'm right.