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oldsoftie

(12,558 posts)

26. Not really. Today no one will give me more than a dollar for a dollar.

Reply to GregariousGroundhog (Reply #23)

Mon May 9, 2022, 04:53 PM

May 2022

Tomorrow the same will happen. But Bitcoin might go up or down $1000
Dollars lose value slowly over a long period of time. Its lost about 30% of its value in the last 12 years. Bitcoin lost that in the past few months.

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Highlight:

Bitcoin tumbles more than 50% below its all-time high as crypto plunges again [View all] groundloop May 2022 OP

Crypto's insane volatility makes it unsuitable for use as currency IronLionZion May 2022 #1

Bitcoin is really Dutch Tulips that have helped hide Fed QE1-2-3 bucolic_frolic May 2022 #2

What theory predicted that inflation would have happened in 2016 - save Bitcoin? xocetaceans May 2022 #8

Sorry, I've been prognosticating a long time bucolic_frolic May 2022 #9

The quantitative easing definitely got us in this mess hueymahl May 2022 #20

Thanks, that's okay. I really don't know and ... xocetaceans May 2022 #47

No matter what I learn XanaDUer2 May 2022 #3

Me either Rebl2 May 2022 #34

May explain today's surge in ransomware attacks that I'm seeing PSPS May 2022 #4

I am convince crypto is one elaborate ponzi scheme AZLD4Candidate May 2022 #5

Meanwhile, the Let's Go Brandon cryptocoin scam is still worthless at $ 0.0000000008 -99.77% NBachers May 2022 #6

You can see why jmowreader May 2022 #30

"What goes up must come down.".... or.... PoliticAverse May 2022 #7

A friend has 3 bitcoin she bought for an average of $1800 a piece. CrispyQ May 2022 #10

I would say she is extremely smart hueymahl May 2022 #19

Or it's the beginning of a collapse....... getagrip_already May 2022 #22

What is the underpinning of gold? hueymahl May 2022 #38

Then there is... rpannier May 2022 #55

Dead wrong hueymahl May 2022 #59

You would think the bitcoin bros would be thrilled with inflation because... Lucky Luciano May 2022 #24

Bitcoin is in price discovery mode hueymahl May 2022 #39

All that tells you is that when people lose money in tech stocks... Lucky Luciano May 2022 #42

I agree with you about the fanboys and dog coin shills hueymahl May 2022 #45

Let's say your right long term and crypto dominates having eliminated all central banks. Lucky Luciano May 2022 #51

I'm not saying they eliminate all central banks hueymahl May 2022 #52

Any wonder why Larry David was paid in dollars instead of cryptocurrency for Jose Garcia May 2022 #11

Last week there was an article about Fidelity investing some of their clients' 401(k)s in in2herbs May 2022 #12

Source? kirby May 2022 #17

There is no source because it is not accurate hueymahl May 2022 #36

Yeah but... kirby May 2022 #40

Maybe hueymahl May 2022 #43

The shit being pulled by the USSC is keeping me kind of busy but the article was posted in2herbs May 2022 #49

those clients need to SUE Fidelity. Trueblue1968 May 2022 #29

Your Fund HAS to disclose its holdings. Or the feds will come calling. oldsoftie May 2022 #46

EW is on it because they haven't been giving their clients full disclosure and Fid. ignored in2herbs May 2022 #50

Please link us to any story telling us that. I find nothing. oldsoftie May 2022 #53

I just received my May -June edition of Mother Jones and one of the articles in the magazine turbinetree May 2022 #13

You can still by Boardwalk or Park Place, but not both Orrex May 2022 #14

But Bitcoin... orwell May 2022 #15

"Cryptocurrencies are proving to be just as risky as stocks " - WTF, CNN, do you know nothing? muriel_volestrangler May 2022 #16

Lot of gleeful misinformation on this thread hueymahl May 2022 #18

Exactly, almost 0 understanding here... When they are ready JCMach1 May 2022 #25

Amen hueymahl May 2022 #33

Well, if you sold a car a couple weeks ago for 1 Bitcoin, oldsoftie May 2022 #27

And a year ago it was the exact oppoiste hueymahl May 2022 #32

Cryptocurrency represents a THREAT to climate systems all around the world. Justice matters. May 2022 #28

No, it does not hueymahl May 2022 #31

Yes, it does. Justice matters. May 2022 #37

Your knowledge is out of date hueymahl May 2022 #41

This report is so far outdated it's not even funny... JCMach1 May 2022 #44

So far outdated that the climate crisis has gotten exponentially... Justice matters. May 2022 #48

Caused by Bitcoin no doubt. What type of vehicle do you own? How is your electricity generated? JCMach1 May 2022 #56

The recent drop is the result of the UST/Luna situation... EarthFirst May 2022 #58

This message was self-deleted by its author traitorsgalore May 2022 #21

The U.S. Dollar also has zero inherent value and is only worth what someone will pay for it. GregariousGroundhog May 2022 #23

Not really. Today no one will give me more than a dollar for a dollar. oldsoftie May 2022 #26

Today no one will give me more than a bitcoin for a bitcoin hueymahl May 2022 #35

The value of a dollar is in the U.S. Government's ability to collect taxes, enforce contracts... hunter May 2022 #54

Ponzi scheme wasting energy and computer space pfitz59 May 2022 #57

Agreed hueymahl May 2022 #60