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As someone who has been out of BTC for years because I have no faith in it anymore and recognize it as the foreign controlled money laundering machine it is, it
by zanny 7y ago
As someone who has been out of BTC for years because I have no faith in it anymore and recognize it as the foreign controlled money laundering machine it is, its still probably going to skyrocket in this recession. I've been wrong every time before when I expected markets to grow wise to the pyramid scheme and centralized nature of bitcoin and how it doesn't function at all according to its creators vision and how it doesn't function at all as a currency whatsoever but the prospect of short term profits simply overrides all rationality in that fledgling market it seems.
Its basically digital gold where the value is expecting other people in the future to really want it by thinking its valuable, and a global recession is exactly the time when something like that becomes more valuable.