is bitcoin fucked bros

submitted by yelgy from (self.bitcoin)

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[–]TarBaby 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Once the Chinese stopped mining Bitcoin the market dropped. Bitcoin is fucked unless another country starts massive mining.

[–]jackarcalon 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It's just one way of many to lose vast fortunes. The bond market also crashed.

[–]ID10T 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Not as much as it was in 2019. I expect it will have a new ATH in the next couple years.

[–]SoCo 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Anything that doesn't close and fail completely, is very strong. We are in a world wide economic collapse. It is just beginning. I suspect we will see desperate times in the coming years, thanks to a multitude of reckless decisions during Covid struggles.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Can't really tell, it's doing this whole sine curve thing rn. Doesn't seem any more fucked this month.

[–]Anman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Why would you say that? Isn't it a safe and secure form of currency that is totally not a commodity fiat? Wasn't it going to save every ones wealth?

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I recently spoke to a couple of relatively educated people in non-technological fields. I asked them whether they thought cryptocurrencies would ever see real adoption. They told me: DEFINITELY NOT. EVER.

My takeaway from this is that's what TPTSNB want them to think. Because of this, I say Bitcoin is not fucked, even though there certainly should be major pain over the near term, so as to make sure everybody is convinced it will add up to nothing at all.