@avengethetruth@MenEatWomen@shahh Wait… really?! So you mean that while money is being printed there isn’t a giant 3D printer that is also printing a commensurate amount of every possible object on the planet I might want to purchase with that new money? UGH- I’m so dumb! Lol 😜
@MenEatWomen@raspystentorian@shahh Nah Bro- it’s just a non-inflatable store value. But keep trolling, I’m sure you’ll find someone else on here to indulge your theoretical musings about nothing.
@avengethetruth@MenEatWomen@shahh Argeed- it’s a store of value that represents purchasing power. “Money” like dollars are pieces of paper. They are tickets that (are supposed to) represent a FIXED unit of purchase power. However if I print more tickets because I feel like it- those tickets loose power.
@ToiletTweeting_@MenEatWomen@shahh What you’re missing is when people have an opinion here in defensive social media land- their motivation is to dedend that opinion at all costs. If you offered any of them 5 BTC right now- how many of the people saying it’s a BeanieBaby would say- “Nah, it’s worthless”?- ZERO
@CharmsSol@MenEatWomen@shahh Yes- The dollar are pieces of paper or digits on a screen that get diluted everytime they print more or type a larger digit
@RocketWrighto@MenEatWomen@shahh@grok BTC price= what people are willing to pay. More buyers than sellers → price up. More sellers than buyers → price down. Only a limited amount of BTC will ever exist, so when more people want it, each piece becomes more valuable. That’s it. Buyers, sellers, & a scarce asset
@MenEatWomen@raspystentorian@shahh As opposed to the dollar? The dollar isn’t backed by gold or anything but “God we trust”. It seems to me that the only difference is one has a finite supply. The other are pieces of paper or digits on a screen that they can print more of or add 0’s to whenever they want
@shahh As for the people answering your question w/ rhetoric that is not relevant such as “Because BTC is imaginary”- they sound moronic. It certainly is not imaginary right now. It’s an asset class. So untill it evaporates into imaginary land- it’s not imaginary.
@shahh There is an exellent explination of of 3 major confluent things that contribute to this current drop. I found this to explain all 3 fairly well. https://t.co/gbxwbkEA43