nikom court
Player Valuation: £20m
bitcoin is still the best hedge against inflation
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Crypto currency (IF banned from CA)
- Thread starter YoboCopter
- Start date
I wondered when you'd be cheerleading this.
You still haven't said anything about El Salvador centralizing all the wallets under the government's control, which seems far worse to me than your money being held by a bank independent of your government.
So are you gonna answer Bruce's questions now you have said that?
nikom court
Player Valuation: £20m
nikom court
Player Valuation: £20m
if you done your googling correctly you would have found out that nobody uses chivo,
they cashed out the $30 free dollars and use strike app which is far more user friendly.
hope this quells any fears you had.
Erm, ok. Bitcoin. Ethereum. Go with those two.
nikom court
Player Valuation: £20m
no bitcoin isnt correlated to the stock market
bitcoin is still the best long term hedge against inflation.
etheriyim is a centralised shitcoin.
any more questions before i have my tea?
Bitcoin is trading in tandem with stocks? This chart shows that relationship as markets face a more hawkish Fed
Bitcoin has yet to stand on its own legs as an inflation hedge as investors adjust to Federal Reserve plans to tighten financial conditions for the first...
www.marketwatch.com
Surely if Bitcoin was as you say then people would be piling out of the Nasdaq and into Bitcoin, yet it seems that people are piling out of both.
nikom court
Player Valuation: £20m
that chart is like 10 months old,mate.
Bitcoin is trading in tandem with stocks? This chart shows that relationship as markets face a more hawkish Fed
Bitcoin has yet to stand on its own legs as an inflation hedge as investors adjust to Federal Reserve plans to tighten financial conditions for the first...
Surely if Bitcoin was as you say then people would be piling out of the Nasdaq and into Bitcoin, yet it seems that people are piling out of both.
but when markets go down to spooks short term traders into selling.
also the collapse of a shitcoin to 0 last week caused a big sell off.
you have to accept it is a 13 year old market and there will be some volitility.
sorry i read it wrong 3 years old
This is the last three months. Seems to be following each other almost identically.
If you look at Coinbase vs Nasdaq over five years, it doesn't really suggest that there is anything there that is a hedge against the vagaries of the market
So what you're saying here is that El Salvador tried to encourage their citizens to use a centralized bitcoin apo that they would control the keys for but failed because people don't use it?
Do you happen to have any numbers backing up how many strike app users there are in El Salvador? The list I found has it ranked 18th with chivo firmly in the top spot
I'd not hesitate to say that the implementation has been a completely expensive failure in El Salvador.
And I haven't even mentioned how many people had their identities stolen to claim the 30 dollar bonus for sign up.
El Salvador’s Bitcoin Losses Are Equal to Next Bond Payment
El Salvador’s gamble on Bitcoin has already led to losses that equal the cash-strapped nation’s next interest payment to bondholders, showing the increased risks posed by its experiment with the cryptocurrency.
www.bloomberg.com
Gonna be an interesting day in here when El Salvador defaults and the death knell sounds for any country thinking they can follow their example.
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nikom court
Player Valuation: £20m
yes there have been similarities with the nasdaq over the last few months,
coinbase is shitcoin casino,i dont really have an opinion and nothing to do with bitcoin.
Those similarities would suggest btc is not a good hedge option then, no?