lamp on Nostr: Sir Dude Named Ben Onymous You can have your electronic funny money. I buy real ...
Sir Dude Named Ben Onymous (nprofile…rxkj)
You can have your electronic funny money. I buy real estate. BTC can't grow crops or feed cattle or produce trees for lumber or water for drinking.
When the market goes up 10% in dollars, that means that dollars have been traded for BTC. Then when the market goes down 10%, that means that dollars HAVE NOT been traded for BTC in the inverse proportion. What this proves is that BTC is a mechanism to separate people from their dollars, and nothing more. Only the early sellers (who control the market) make a profit, while everyone else either breaks even or loses when they try to cash in for dollars.
You can have your electronic funny money. I buy real estate. BTC can't grow crops or feed cattle or produce trees for lumber or water for drinking.
When the market goes up 10% in dollars, that means that dollars have been traded for BTC. Then when the market goes down 10%, that means that dollars HAVE NOT been traded for BTC in the inverse proportion. What this proves is that BTC is a mechanism to separate people from their dollars, and nothing more. Only the early sellers (who control the market) make a profit, while everyone else either breaks even or loses when they try to cash in for dollars.