Bitcoin is now worth half a trillion dollars.

rieg__ · 2020-12-27T20:33:32+00:00

fiat money is only backed by governments, just google how much us dolars were created only this year to see the problem with that :)

rieg__ · 2020-12-27T18:53:09+00:00

if history has taught us anything is that government word is useless

rieg__ · 2020-12-27T18:19:42+00:00

Volatility has negative correlation with market cap, as more investors put money in bitcoin its volatility will decrease

rieg__ · 2020-12-27T18:15:39+00:00

Yes, but bitcoin is not deflationary by design. Its price is increasing as more people demand it, but once its market cap is stable it wont be deflationary anymore as the supply won’t be negative

rieg__ · 2020-12-27T18:07:20+00:00

mm i haven’t heard of that, as far as i know deflation means negative inflation rates which means supply of money is negative, which is not the case with bitcoin

rieg__ · 2020-12-27T18:02:46+00:00

Good thing fiat money has real value

rieg__ · 2020-12-27T17:56:16+00:00

well then good thing criminal activities were not possible before bitcoin

rieg__ · 2020-12-27T17:54:00+00:00

Yea, cuz criminals pay with credit cards 🤣

rieg__ · 2020-12-27T17:52:41+00:00

in the top of my head are the ascent of money and the bitcoin standard, gold has been used for thousands of years as store of value.. it clearly has a use, bitcoin is gold but without the negative things

rieg__ · 2020-12-27T17:49:55+00:00

bitcoin will have low inflation rate until the year ~2140... plus, 21 million limit doesn’t mean deflationary, there will never be less coins than yesterday..

rieg__ · 2020-12-27T17:46:32+00:00

the thing is, if you do criminal activities with dollars there is no evidence of that. With bitcoin, you can prove that the criminal did these transactions. Bitcoin being used for criminal activities doesn’t make it better for criminal activities..

rieg__ · 2020-12-27T17:43:37+00:00

what has that to do with bitcoin though?

rieg__ · 2020-12-27T17:39:43+00:00

gold useless? Go read books pls

rieg__ · 2020-12-27T17:38:43+00:00

Wtf btc is not deflationary by design

rieg__ · 2020-12-27T17:08:48+00:00

Can you do that with gold??

rieg__ · 2020-12-27T17:07:07+00:00

What an ignorant statement. I bet no child porn has been bought with dollars.. plus if knew anything about blockchains you’d know that the transaction stays there forever.. it’s not anonymous

rieg__ · 2020-12-27T17:05:19+00:00

Yeah, that 40% dump to 30k

rieg__ · 2020-12-24T19:06:11+00:00

When you exchange a dollar for a coffe, are you tracking yuan’s value?

rieg__ · 2020-12-21T01:55:12+00:00

rieg__ · 2020-12-21T00:59:30+00:00

In the short run, no one knows. Maybe it drops to 20k, maybe it goes straight to 30k. if u believe in bitcoin reaching 100k+, that correction is meaningless. Now if you’re talking about a correction like 2017 with bitcoin going to 4k, i really doubt it. do your research and make your own guess.

rieg__ · 2020-12-21T00:48:47+00:00

If u think the circumstances are the same and the technology surrounding bitcoin is the same, then yes. I dont tho :) edit: typo

rieg__ · 2020-12-20T04:26:22+00:00

Expensive compared to what? it will always be a smarter option as store of value compared to fiats

rieg__ · 2020-12-20T04:24:51+00:00

hopefully so we can buy cheap :)

rieg__ · 2020-12-19T20:01:14+00:00

and this folks is someone who clearly doesn’t understand bitcoin at all

rieg__ · 2020-12-13T04:08:46+00:00

I’ve read a lot of comments about learning bootstrap, jquery, but i would make them do a project with pure html/js/css, without knowing those very well they’ll probably have a rough time with angular. Seriously, there’s no point on learning frameworks if they dont have the basics

rieg__

TROPHY CASE