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Crypto currency (IF banned from CA)
- Thread starter YoboCopter
- Start date
nikom court
Player Valuation: £20m
it would suggest those charts are irrelevent.
bitcoin is the best long term hedge against inflation.
show me a better hedge over the last 5 years
get on google and prove me wrong!
Ahh so the charts showing that btc is following the nasdaq are irrelevant because they disprove your point.
Got it.
nikom court
Player Valuation: £20m
Why bother? Bruce has shown you that btc has mirrored the markets for 5 years.
Are you gonna address any of the El Salvador points or are you handwaving that off as "irrelevant" as well?
nikom court
Player Valuation: £20m
dont change the subject,
show me a better hedge against inflation than bitcoin for the last 5 years.
not a 3 month nasdaq chart ?
Change the subject? You still haven't answered any of the criticisms of El Salvadors btc implementation.
You tried to handwave it off by saying they're all using Strike App but I just showed you that was bollocks.
You got caught out trying to pretend you never said btc was a hedge against the markets and then moved the goalposts when you got showed it clearly wasn't.
Bruce put up the 5 year chart as well.
nikom court
Player Valuation: £20m
do you admit bitcoin is the best hedge against inflation over the last 5 years
yes or no?
as for el salvador the people will decide if its a failure or not.
the elections are next year and bukele will win by a landslide,the rest is all noise.
the 5 year chart bruce put up was coinbase v nasdaq,
im not sure what this has to do with bitcoin,maybe you can find something!
Bitcoin Is Increasingly Acting Like Just Another Tech Stock
The cryptocurrency’s plunging value has mirrored losses in the Nasdaq, a benchmark that’s weighted toward tech stocks.
nikom court
Player Valuation: £20m
again its all short term thinking,Bitcoin Is Increasingly Acting Like Just Another Tech Stock
The cryptocurrency’s plunging value has mirrored losses in the Nasdaq, a benchmark that’s weighted toward tech stocks.www.nytimes.com
i stopped reading at "since jan 1"!
nikom court
Player Valuation: £20m
right my tea has gone cold,
ill come back in a couple of hours and answer some more of your questions
if thats ok ?
ill come back in a couple of hours and answer some more of your questions
if thats ok ?
Inflation wasn’t really a problem until 2021 so I’m a bit bemused as to why you are using a 5 year timeframe for this particular discussion about its merits as an inflation hedge.
Current US Inflation Rates: 2000-2024
The annual inflation rate for the United States was 2.4% for the 12 months ending September, compared to the previous rate increase of 2.5%, according to U.S. Labor Department data published on October 10, 2024. The next inflation update is scheduled for release on November 13 at 8:30 a.m. ET...
www.usinflationcalculator.com
Surely an inflation hedge needs to perform during the period when inflation is actually high ie in recent months? And bitcoin‘s performance has been decidedly mixed on that front. There has been a lots of ups and downs but its price today is not much different from its Jan 1st 2021 price of $29,374 so I’m not sure what inflation hedge it has really provided when it mattered.
Bitcoin USD (BTC-USD) price history & historical data – Yahoo Finance
Discover historical prices of Bitcoin USD (BTC-USD) on Yahoo Finance. View daily, weekly or monthly formats.
sg.finance.yahoo.com
If people didnt buy Cryptos, how else would ISIS and Russia fund their wars?
Lobster Johnson
Player Valuation: £35m
Have we all made it yet?
We are waiting for Elon to take us to the moon.