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Yeah... because being played by random whales and pump and dumps has totally different outcomes. If Bitcoin was actually some country's currency, that country
by BoorishBears 5y ago
Yeah... because being played by random whales and pump and dumps has totally different outcomes.
If Bitcoin was actually some country's currency, that country would have imploded by now. Hyperdeflation is just as deadly to an economy as hyperinflation
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To the replies about other things affected by those factors: You're kind of making my point. We have countries that built their economies entirely on oil... the ones that diversified seem to be doing just a tad better.
BTC is not saving any economies. It might save some individuals which is not nothing, but please let's not pretend the IMF has some kind of conspiracy against BTC to maintain their control...
- gogopuppygogo 5y agoDon't use logic and reason in an emotional argument. Bitcoin is clearly only going up in value and will be the global currency. If you believe this I have tulips to sell you.
- sMarsIntruder 5y agoAnd the pigs are flying
- 0des 5y ago> being played by random whales Definitely don't do Forex, or oil, or any commodities trading really.
- lolinder 5y agoThere's a difference between trading commodities and using a currency whose value behaves like that of a commodity. In the former case you've willingly taken on risk of price fluctuations. In the latter, you're saddled with the risk while trying to conduct normal transactions.
- xxpor 5y agoHmm, it's almost like there's a reason why fiat currencies took off, and the BTC folks are rediscovering that. WRT forex trading, has there been a "random whale" event in say, a top 15 economy, since Black Wednesday?