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/biz/ - Business & Finance

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17810087 No.17810087 [Reply] [Original]

It is clear that Bitcoin has zero economic autonomy from the perspective of the market as a whole and it also doesn't behave well when the economy shats itself. Now, some might argue that shorting BTC during turmoils is an excellent oportunity to make money, but since you can only short BTC using BTC that's literally a death trap when people tries to escape BTC to real world currencies like USD.

Please remind me what's the point of holding BTC if you are not some weird schizo hardcore ancap.-

>> No.17810239

>>17810087
You can move large sums of money for almost nothing across any border.
Other than that, not much.

>> No.17810399

>>17810239
That sounds great until BTC drops 50% in less than an hour.

>> No.17810441

>>17810239
Monero sort of overtook that utility by being able to do the same thing while being anonymous.

>> No.17810529

>>17810399
Well yeah but that is an anomaly. The entire market is a shitshow right now.