Wanna eat these words?
You doubters never learn. It's a bear market at the brink of recession, everything has gone tits up.Hadn’t Bitcoin gone tits up?
Everything is going according to plan. Every cycle so far has ended with bitcoin leveling with its realized price and 200 MA which is around 23k right now. Some people are making insane predictions like 7k bottom, but I think 19-20k is likely at most.I admit that it went lower then I thought, but my conviction isn't shaken one bit. Bitcoin had many 80+% crashes before, this one is still not that bad.
Where do the profits in crypto come from? No such thing as free money, unless you print it. Who loses?
One inherent problem with crypto is it has no inherent value. Yes, you can say the same about physical money, but at least governments and everyone else acknowledge the value there, plus it is physical.
Can you spend it, or do you have to currency convert?
I see Hayek quoted on that page. Hardly a bastion of the people, they are/were a right wing ideologue, largely responsible for the mess we are currently in. I think right wingers hate any state control, especially things like money printing. But what is their desire in this? To a fair and decent society? No, so they can have more power for themselves. I suspect this is more at the root of crypto.