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In reply to the discussion: Bitcoin tumbles more than 50% below its all-time high as crypto plunges again [View all]hueymahl
(2,497 posts)32. And a year ago it was the exact oppoiste
BTC, like most cryptocurrency, is in price discovery mode. So it is going to be more volatile than gold, for example.
But if you put $1000 in gold under your matress two years ago, it would be worth about $1050 today. $1000 in cash under your mattress two years ago (or even in a savings account), would be worth about $900 today. $1000 worth of bitcoin would be worth about $3000 today.
All the controls by the central bank have done over the years is devalue the US Dollar. And now we are paying for it. And it is about to get a whole lot worse.
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Bitcoin tumbles more than 50% below its all-time high as crypto plunges again [View all]
groundloop
May 2022
OP
What theory predicted that inflation would have happened in 2016 - save Bitcoin?
xocetaceans
May 2022
#8
Meanwhile, the Let's Go Brandon cryptocoin scam is still worthless at $ 0.0000000008 -99.77%
NBachers
May 2022
#6
You would think the bitcoin bros would be thrilled with inflation because...
Lucky Luciano
May 2022
#24
Let's say your right long term and crypto dominates having eliminated all central banks.
Lucky Luciano
May 2022
#51
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
The shit being pulled by the USSC is keeping me kind of busy but the article was posted
in2herbs
May 2022
#49
EW is on it because they haven't been giving their clients full disclosure and Fid. ignored
in2herbs
May 2022
#50
I just received my May -June edition of Mother Jones and one of the articles in the magazine
turbinetree
May 2022
#13
"Cryptocurrencies are proving to be just as risky as stocks " - WTF, CNN, do you know nothing?
muriel_volestrangler
May 2022
#16
Cryptocurrency represents a THREAT to climate systems all around the world.
Justice matters.
May 2022
#28
Caused by Bitcoin no doubt. What type of vehicle do you own? How is your electricity generated?
JCMach1
May 2022
#56
The U.S. Dollar also has zero inherent value and is only worth what someone will pay for it.
GregariousGroundhog
May 2022
#23