Btc will go back to 200$ I can bet it. That's why i sold it. Even fiat money changes but btc? It has nothing material, the price depends ONLY of the market
and fiat depends on what, The cosmos? Currently every stock including paper money is crashing hard, except bitcoin. People get that bitcoin is a pretty good store of value.
Ahah yeah a bit of cosmos ^^
Fiat depends strongly on the perception of the value of countries by the market. Difference being all fiat money can't go down, it's only the value of $ compared to € that can go down (or any other pair, but a fiat money has value ony compared to another).
When you say "crashing hard" you're talking a 0.2 decrease. Which is a lot compared to the 20th stability, but nothing compared to the incredible volatility of btc.
Btc can do from 250 to 500 in one day. NO FIAT MONEY has EVER changed that much in such a short period of time. Why? Only because a fiat money has a whole country behind it
So no, not the cosmos, but the value of a country and its people and its production. What has btc? The power of the computers mining? :/
Meh, not so valuable no?
It's your choice man, but I bet you'll regret your decision next year. Bitcoin is extremely volatile just because it wants to be more than it currently is. If you look at any money that any country has issued, you'd see it being pretty volatile, just because people get the feeling of how scarce it actually is.
And the only thing backing any fiat currency is the debt, that's behind it. the idea that a government is backing the money is just an illusion that far too many people have fallen for.
I actually bet that you just needed the money badly and now you are trying to excuse yourself out of it.
Yeah of course it's everyone choice. There is a bit of lottery in that.
I didn't need the money, I'm just used to buying btc when it's at 300 to sell it when it's at 400 and pretty happy with that. Just waiting for it to go down again, and maybe I made a mistake yeah but I didn't do one the 5 last times ^^
And fiat money is not backed by the government (I never said that) neither by the debt. It's backed by the people, what they produce, what they consume. It's backed by the fact that companies invest and use the money.
Maybe we'll go from fiat to btc. But actually I don't see a huge difference, btc is just the digital version of fiat. It's cool and much better, that's why I always have a few btc backed in a safe vault. But it's just money in the end, its value depends only of what it's used for
In what way is btc less scarce than fiat seriously man? Are you telling me Euro is less safe than BTC? I don't understand why then, I'll gladly read your explanations, maybe I misunderstood something important then ^^