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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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17720857 No.17720857 [Reply] [Original]

We're about to see the real meaning of "decentralized". Corporate stocks that rely on company performance will continue to go down indefinitely. Meanwhile, many will start seeing that Bitcoin for what it's truly meant to be. The only reason why crypto down is just from the public response to the current economic meltdown. This dip won't even compare to the next moon that is upon us. This is only the next step for Bitcoin being even more legitimized as global currency, as FIAT becomes more and more worthless. So get comfy, strap in and hold on to your fucking coins.

>> No.17720898

>>17720857
bitcoin is tanking because there is no money moving internationally. That situation is not likely to change anytime soon.

>> No.17720953

>>17720898
Central banks are showing that they're willing to continue quant easing / negative interest rates to keep a perpetual bull market in equities by weakening their currencies

>> No.17721112

>>17720953
Ok, but there is no international trade. Bitcoin needs international trade to function, without China it's only worth 1000-2000 dollars.

>> No.17722298

>>17720857
What is Bitcoin 'truly meant to be'? A meme security that people buy for the sole purpose of speculating on? Because that's all it ever has been and that's all 90% of bitcoin owners care for it to be.

>> No.17722355
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17722355

>>17720953
> Cthulu ID
Only darkness awaits us now