Bitcoin never experienced a recession.
THIS TIME IS DIFFERENT
Easton Jenkins
Other urls found in this thread:
Leo Rivera
And you never experienced sex
Eli Gomez
Nigger
Eli Myers
OHHHHHHHHHHHHHHHHHHHHHHH
Justin Cox
Lol why humiliate the guy like this
Jordan Hall
OP status: destroyed
Sebastian Hughes
That's gonna be a yikes from me dawg
Samuel Allen
Yea but bitcoin was built as a solution to recession. It's going to be interesting to see whether crypto actually takesover the economic system during a financial meltdown. Its the only other option besides the centralization bullshit weve been doing for the last couple hunderd years.
youtube.com
Watch this, sergey says exactly what I reiterated that as the economy goes down enough, liquidity from traditional markets move to something new similar to how gold mooned during the 1970/80s while the economy shat itself.
Hudson Hill
OP status:
RAPED
No longer a virgin.
Owen Gonzalez
kek fpbp
Landon Cruz
Yes it has.
Bentley Allen
yeah and its value was zero (0)
Wyatt Nelson
Please explain without handwaving how Bitcoin would actually fix recessions.
Eli Cruz
No it wasn't it was built as a proof of concept for a solution to the byzantine generals dilemma. It's not a solution to recession, or a hedge against inflation. It's value is entirely based on venture capitals access to easy credit. As that dries up so does they supposed value of bitcoin and all other memecoins.
Caleb Wood
does anyone think govs will never print money again?
not a matter of IF but WHEN .
seethe until it happens and then cope
Kayden Gomez
>i'm a retard
Blackrock is accumulating in the 20/21k area. ngmi
Gavin Clark
Those days are over kiddo.
Dylan Cruz
mumufags never experienced a real bear market. get the ropes ready mumuniggers KEK BAGGIES
Liam Fisher
Sauce?
Julian Hill
>014836▶
>does anyone think govs will never print money again?
>not a matter of IF but WHEN .
>seethe until it happens and then cope
They did QE. Which is basically allowing deposit holding institutions to lend out more of their customers' money, effectively "printing" (creating is a better word) new money out of thin air as the banking system has practically displaced cash.
But guess what? BTC is a small block blockchain. People have to use off-chain layer 2's. Off-chain these institutions will be able to lend out the Bitcoin, devaluing it by de facto creating new Bitcoin. So what's the difference?
Isaac Stewart
Do you understand what control systems are? Recessions and inflation are part of natural market cycles but occur in a wave like pattern because of human reaction. When times are bad and recession hits human print money x10 to combat recession and encourage spending. When money loose and moneys been printed hard, human try to bring down economy hard.
Now bitcoin itself isn’t a recession hedge but by using proper mathematics which can use off chain data, human population etc, a cbdc can be created to essentially create the most efficient market possible. So actually, I stand corrected chainlink was created as a recession and inflation solution. it’s just the creator of proof of work wanted to have a test run at a cryptographic money to see how it worked…
Anthony Perry
destroyed
Lucas Perez
>A cbdc can be created
stopped reading there
kys faggot