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/biz/ - Business & Finance

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24609227 No.24609227 [Reply] [Original]

if people say Bitcoin is going to something like 1million and most all cryptos follow bitcoin in some fashion, aren't we all just going to be rich?

>> No.24609249

>>24609227
Not if it reaches 1 million only due to proportional USD inflation

>> No.24609270
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24609270

>>24609227
>aren't we all just going to be rich?
HODL

>> No.24609290

>>24609249
I think that's a very likely case.
But most assets seem to be over valued in terms of USD.
What happens when they start to value things in term of BTC and USD is irrelevant?

>> No.24609325

>>24609227
Not necessarily. Think about how often venture capitalists invest in companies that go bad. This is despite having access to more capital to financially support their investment, connections in the industry to help the company grow, as well as a thorough due diligence process that includes both the company's technological capabilities as well as market feasibility. When people on this board shill their alt, they need to recognize that they likely dont go through this process and need to measure their returns against strictly holding BTC

>> No.24609343

>>24609290
Let's be real, that's not ever gonna happen outside of maxis.

>> No.24609395

>>24609343
If there's hyper inflation, it could easily happen.
>There wont be hyper inflation
Dems literally want to forgive all student debt, give reparations, and pump up the corona injections.

>> No.24609464

>>24609249
>He thinks their will be meaningful consumer price inflation when we have a massively aging population and technological deflation.

Yikes

>> No.24609491
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24609491

>>24609464

>> No.24609630

>>24609464
>implying
boomers aren't gonna die off for another decade
money printer gonna brrrr till 2025 it's just a question of how bad it's gonna hit wages and savers

>> No.24610390
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24610390

>>24609395
Venezuela was the testing ground

>> No.24610434
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24610434

>>24609227
YES THAT'S THE FUCKING POINT YOU IDIOT
THAT'S WHAT WE'VE BEEN TRYING TO TELL YOU
YOU JUST NEED TO FUCKING BUY BITCOIN AND SOME OTHER SHITCOINS AND YOU'LL BE RICH AS FUCK YOU FUCKING LITTLE TWERP

>> No.24610519

>>24609249
Schiff’s hyperinflation isn’t happening. The fed isn’t that foolish to allow that.