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This reminds me of the CPA & Advisory Services firm I had this year that didn't realize Bitcoin could be exchanged for dollars, and that there were active price
by vmception 5y ago
This reminds me of the CPA & Advisory Services firm I had this year that didn't realize Bitcoin could be exchanged for dollars, and that there were active price charts for many exchanges out there.
Are you in the ideology game or are you in the money game?
This guy is trying to straddle both, and despite their early evangelism of Bitcoin last decade, they are lost in an irrelevant quandary. Am I one of the people in the article annoyed that a deeper question is being asked, no, I can acknowledge its irrelevance depending on what use case you aspire for. It's a deflationary asset.
Look, even the beanie baby bubble was actually rational at first, there was a seemingly permanent supply chain issue that made them "deflationary" as well, all while demand was increasing. Did you all know that? The issuer solved the supply chain issue at the surprise to all and that's what cratered the market. Same for Tulips, the bubonic plague killed all the derivatives traders, we don't actually know what would have happened, and all of our current "bubbles" last wayyyy longer than the 3 months that tulip derivatives (and not the spot market) had high values - the demand dried up only because a virus killed everyone. Our best commodities bubbles are the worst examples of irrational exuberance to lean on. Here we are, Bitcoin crashing to $3,000 and then crashing upwards to $30,000, what's going to happen next hmmm