What if the rising price of Bitcoin doesn't reflect the rising value of cryptocurrencies but the diminishing value of fiat currency?
Why not both?
>>3181943
i mean bitcoin was only created in the last leg of that chart lmao...
>>3181943
¿Porque no los dos?
maybe chart of op will reverse and so will btc?
What
>>3181966
said.
BTC has been rising at a rate that is ludicrous relative to the decline in purchasing power. As the almighty dollar diminishes, BTC will keep rising at a ludicrous rate. It's more than decreasing purchasing power; people genuinely give BTC value simply because it's not backed by oil or gold and it's worth whatever the market says it's worth.
That said, as the dollar diminishes in value, BTC will keep rising, although not necessarily in a manner that is related. BTC will keep doing what it does.
TL;DR
>Why not both?
>>3181943
I'm not the most successful guy on /biz/ and I've turned $100 into $43,000 since June. I have no idea why anyone is fucking with inflationary currency.
Wew you just figured this out?
>>3182076
I started trading at the beginning of August. It's not like it's a revolutionary idea but it never occurred to me before.
Long term fiat will only be worth the ink that's on the paper. Meanwhile crypto will always have value.
>>3181943
HYPER