People focus on the wrong thing. - page 3.

Jating

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Quote from: WinslowIII on April 28, 2019, 07:35:55 PM

Why focus on bitcoin price right now? focus on fiat: The quarter of a quadrillion dollars of world debt. The trillion dollars of debt the US alone adds each year. This is what to be looking at, because this is directly what gives bitcoin it's value.

I think the community know this for sure that's why they have invested on bitcoin or crypto in general.

And we have been calling this for the last 3 years or so but it seems people don't know the truth about the world debt or something that could have help them in time of financial crisis until it's too late.

So let's spread the love, sooner or later we will see bitcoin going up to the moon again to give us value and all those fiat suckers, will be left in the closet.

1Referee

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Quote from: WinslowIII on April 28, 2019, 11:20:45 PM

Afaic, the bitcoin price is a mirror reflection of the health of the fiat system - and my fucking God does it look bad.

Right. Instead of looking at Bitcoin being worth $5000 today, one could also say that a dollar is worth $0.0002 now.

I wasn't there myself at that point, but I read some articles where legacy news outlets were wondering how something like Bitcoin could be worth $1, the same amount as the USD. It's not backed by the government, created in a fraudulent manner, and there is no way it can go up even more. Boy, they couldn't be more wrong. Cheesy

The "positive" side of the printing presses working like never before is that money is so cheap, that institutions are more likely to buy into risky asset classes such as Bitcoin.

somac.

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Never selling

Quote from: WinslowIII on April 28, 2019, 11:20:45 PM

Quote from: jakelyson on April 28, 2019, 11:08:14 PM

If only we share the same sentiment with everyone. They view bitcoin as an instrument or investment to make more fiat. They will see bitcoin's value when they experience the crisis caused by the hyperinflation of fiat.

Those making fiat with bitcoins get it - at least they are minimizing the fiat devaluation with more fiat. Those who trust in fiat and think crypto is a joke are the ones in trouble.
Afaic, the bitcoin price is a mirror reflection of the health of the fiat system - and my fucking God does it look bad.

Most people will lose everything before they notice or are motivated enough to learn. Take Venezuela for example, you won't hear anything about it through the media, but there would have been a good minority of people who saw it all coming and left in time, as well as those who saw it coming and made sure they had only assets instead of their government fiat.

However, Bitcoin is the ultimate asset because it can't be confiscated and can be smuggled across borders with ease. I keep telling people imagine if, instead of gold and precious gems, the Jews prior/during WW2 had bitcoin. Not only could the ones who left taken all of their wealth, the Nazis would not have been able to steal the wealth of the ones who remained and therefore could not have prolonged the war with that wealth.

WinslowIII

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Quote from: jakelyson on April 28, 2019, 11:08:14 PM

If only we share the same sentiment with everyone. They view bitcoin as an instrument or investment to make more fiat. They will see bitcoin's value when they experience the crisis caused by the hyperinflation of fiat.

Those making fiat with bitcoins get it - at least they are minimizing the fiat devaluation with more fiat. Those who trust in fiat and think crypto is a joke are the ones in trouble.
Afaic, the bitcoin price is a mirror reflection of the health of the fiat system - and my fucking God does it look bad.

jakelyson

legendary

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If only we share the same sentiment with everyone. They view bitcoin as an instrument or investment to make more fiat. They will see bitcoin's value when they experience the crisis caused by the hyperinflation of fiat.

WinslowIII

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Quote from: somac. on April 28, 2019, 08:11:15 PM

Very true. Understanding Bitcoin is only part of the equation, you also need to understand government corruption, how the economy is driven, and how money is created.

Bitcoin would be a rather unnecessary curiosity if governments really worked for the people, the economy wasn't dependent on ever increasing levels of debt, and private banks weren't allowed to create money through lending.

Once you understand everything it becomes very clear that not only is bitcoin a necessity in this world, but one of the few hopes that the people (labor) have over the rich and powerful (capital). Any who deride Bitcoin don't have an overall understanding of the elements listed in my first paragraph, or would benefit from Bitcoin's demise. That is why you don't need to listen to the naysayers, just educate yourself instead until it all becomes clear.

Yes. If the economy was healthy and fiat was a good system bitcoin wouldn't have any value at all.
Think about that.

somac.

legendary

Activity: 2050

Merit: 1184

Never selling

Very true. Understanding Bitcoin is only part of the equation, you also need to understand government corruption, how the economy is driven, and how money is created.

Bitcoin would be a rather unnecessary curiosity if governments really worked for the people, the economy wasn't dependent on ever increasing levels of debt, and private banks weren't allowed to create money through lending.

Once you understand everything it becomes very clear that not only is bitcoin a necessity in this world, but one of the few hopes that the people (labor) have over the rich and powerful (capital). Any who deride Bitcoin don't have an overall understanding of the elements listed in my first paragraph, or would benefit from Bitcoin's demise. That is why you don't need to listen to the naysayers, just educate yourself instead until it all becomes clear.

WinslowIII

member

Activity: 308

Merit: 35

Why focus on bitcoin price right now? focus on fiat: The quarter of a quadrillion dollars of world debt. The trillion dollars of debt the US alone adds each year. This is what to be looking at, because this is directly what gives bitcoin it's value.

Topic: People focus on the wrong thing. - page 3. (Read 12364 times)