joshualahoud
Re:El Salvador Had a Bitcoin Revolution. Hardly Anybody Showed Up
on Wednesday September 07, 2022 @02:16AM (#32747028)
It is a revolution that has a thousand similar revolutions that are all backed by seemingly nothing. There are plenty of coins that offer everything bitcoin does and they are worth dirt. First mover advantage will not last forever
Re:El Salvador Had a Bitcoin Revolution. Hardly Anybody Showed Up
on Wednesday September 07, 2022 @02:13AM (#32747004)
How are those returns since 2017 peak? 5 years later and it’s lower than where it started. The easy money is gone, you have to come to terms with it. Btc was funded by speculative fervor from excess quantitative easing. With quantitative tightening in play I expect a sub 10k bitcoin soon. There is no inherent value and there will never be a large enough group of fools to make it an official currency. It acts nothing like a currency. It is owned by a more concentrated cartel of gamblers than the US dollar will ever reach and that’s sad to see