Economy Bitcoin/Crypto is imploding

[Rob Battisti]

@LangfordBarrow

Nasdaq is -1% and S&P is +1% ish.

Bitcoin is a risk asset. In any short window it can be down. The point is to zoom out.

 

[HOLA]

No. you can say that equities have actual fundamentals which drive investment, but the value of the equity is absolutely based on money flowing into the purchasing of the equity and it will absolutely lose value when people take their money out of the asset.

The perceived value of an equity is what drives the investment and I’m not arguing that financial fundamentals are more clear with equities than with Bitcoin.

But don’t argue that the price of an equity isn’t based on money going in and out of the asset. That’s just incorrect.

Just two examples:

A company can use profits to buyback shares, lowering the number of shares outstanding, therefore increasing the value of existing shareholder's shares. They can also pay out dividends.

This is a distribution of the company's actual earnings; it doesn't come from another shareholder.

 

[Rob Battisti]

Just two examples:

A company can use profits to buyback shares, lowering the number of shares outstanding, therefore increasing the value of existing shareholder's shares. They can also pay out dividends.

This is a distribution of the company's actual earnings; it doesn't come from another shareholder.

That’s true but that’s still money being used to buy the asset. It’s just the company buying its own assets.

 

[Rob Battisti]

@HOLA also that typically drives up prices because investors gain more confidence and also purchase

 

[AWilder]

Thats… how all investments work. If people started selling Google stock, it goes down. If people buy Google stock… it goes up.

I really do appreciate your commitment to ignorance.

oh jeez, lmao. i'm glad you're able to make some scratch on this grift because... wow.

 

[AWilder]

I’d never argue otherwise.

I’m trying to inform the people who think that Bitcoin is a Ponzi scheme or think that because Bitcoin can be exchanged for fiat that it differs than any other kind of investment.

If you buy NVIDIA stock, you’ll exchange it for fiat. How is that different? As if it’s some kind of gotcha that the price of Bitcoin is assessed against USD.

nvidia makes something. what does bitcoin make?

 

[curryjunkie]

nvidia makes something. what does bitcoin make?

Hopeful rubes..

 

[AWilder]

Hopeful rubes..

And that's an important distinction, Bitcoin is all based in belief and vibes. Bitcoin isn't creating anything, it's not a service, it's not tangible, it's just an imaginary thing that only holds value because other people believe it holds value. Belief is doing ALL the work.

 

[Rob Battisti]

oh jeez, lmao. i'm glad you're able to make some scratch on this grift because... wow.

You really have no argument, do you?

nvidia makes something. what does bitcoin make?

Once again, I’m not disputing that equities have different fundamentals of which investors base their allocations on. Your argument is that bitcoin’s valuation is based more on speculation than other assets. I’m not disputing that.

 

[Rob Battisti]

And that's an important distinction, Bitcoin is all based in belief and vibes. Bitcoin isn't creating anything, it's not a service, it's not tangible, it's just an imaginary thing that only holds value because other people believe it holds value. Belief is doing ALL the work.

Is there a value it can reach that will ever make you rethink your position?

 

[Rob Battisti]

oh jeez, lmao. i'm glad you're able to make some scratch on this grift because... wow.

Please refute the fact that the price of an equity is determined on money flowing in and out of the asset.

 

[Stoic1]

And that's an important distinction, Bitcoin is all based in belief and vibes. Bitcoin isn't creating anything, it's not a service, it's not tangible, it's just an imaginary thing that only holds value because other people believe it holds value. Belief is doing ALL the work.

You just described all fiat currency.

 

[Limbo Pete]

I’m not going to sell it outright for fiat. I will sell and buy continuously for the purpose of trying to obtain the most amount of bitcoin I can. I’ll never sell to get fiat.

I’ll borrow against the value of my asset similarly to what people do with any other asset.

Uhhhh

 

[LeonardoBjj]

- So Bitcoin is like havin Monopoly money?

 

[LMP]

Shit coins all go to zero. Crypto is mostly a game of timing the market of buying low and selling high.

Listen, a few people I know managed to cash out of crypto at the top and are now millionaires. It's knowing when to walk away which is the hardest part.

If you look at Bitcoin historically, it is a pump and dump vehicle to make money. It drops hard and bounces again quickly. And now you have a ton of grifters trying to capitalize on it.

There are over two million shitcoins. Tge blockchain tech of bitcoin is ooen source allowing anyone to start a shitcoin. Nothing unique about bitcoin besides its name.

 

[AWilder]

Is there a value it can reach that will ever make you rethink your position?

no, because it's only driving force is belief. Ill make some money off it here and there but your position on this is just comical.

 

[AWilder]

Please refute the fact that the price of an equity is determined on money flowing in and out of the asset.

refute some random thing you pulled out of your ass? Do you think owning bitcoin is the same as equity?

 

[Stoic1]

refute some random thing you pulled out of your ass? Do you think owning bitcoin is the same as equity?

Equity in the USD or something else?

 

[Limbo Pete]

no, because it's only driving force is belief. Ill make some money off it here and there but your position on this is just comical.

No no, bud. Turn all of your money into bitcoin, because bitcoin will replace money. No sell, only buy

 

[Rob Battisti]

no, because it's only driving force is belief. Ill make some money off it here and there but your position on this is just comical.

What is my position?

refute some random thing you pulled out of your ass? Do you think owning bitcoin is the same as equity?

The idea that an equity’s value is based off of the money flowing in and out of it is something I “pulled out of my ass”?

Do you realize how dumb you sound?