Reply to Treasuries and stocks heading down in tandem

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Bitcoin is up big!  :lol: [/quote]

This is mainly because the dollar has dropped in value.[/quote]

I hope Bitcoin has “decoupled” and is now a stand alone asset that might weather shtty a big economic downturn. Frankly, because I move a big chunk of money into it. However, my guess is it’s still seen as a speculative asset and will prob crash as well. I mean “cyclically” it’s supposed to crash in like 8 months from now, but who knows.[/quote]Bitcoin is based on a man-made math problem, where the solutions are deemed to have economic value by some unknown/mythical person. So, I would agree it’s definitely decoupled from the real world. But, better hope people don’t wake up, and ask what am I really holding here.[/quote]

Okay, but it’s been going up for almost twenty years. I’m pretty sure it’s not going away. Also, the president started a crypto reserves with a Bitcoin focus. You think it’s just going to evaporate and not return like the 15 other times it crashed and then flew up? I can’t even have this conversation with you because your confirmation bias prevents you from a broad look at things.[/quote]

Bitcoin has no utility and can’t even function as a currency. Eventually you will run out of greater fools, though with Trump that is a big pot since it’s all our money. [/quote]

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