/biz/ - Business & Finance

I'm hodling cuz I don't give a fuck no mo'. Life's a joke

Long-term? extremely bearish

The "Digital gold" meme doesn't make any sense (most gold is actually used in industrial processes or jewelry) and the "store of value" meme doesn't work because the price jumps up and down every fucking week. A 85% drop does not instill confidence. The rich want a stable asset and that stability can only come from a high liquidity and a low volatility, neither of which bitcoin has. Bitcoin would have to mature over the course of a couple years to be seen as a store of value. Meanwhile fees spike every bullrun and 98% of bitcoin is based in HODLing. A high liquidity directly implies a high volume, which is impossible due to fees.

Bitcoin is just circling the drain. Lightning is a dud. Liquid is a still born. It's over

>>9624784

>Ark goes up

>bcore

>>9531733