#Bitcoin #waiting #years #exist #period #bank #collapses #financial #crisis
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I understand what you are saying, but I would like to hear your explanation in more detail to ensure I fully comprehend the meaning. #Rookie
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These are the times when I wake up in the morning and silently pay my respects to Satoshi for creating btc.
Truth. This is why I buy Bitcoin.
Don’t measure Bitcoin prices in US Dollars. It’s an unnecessary advertisement for the US Dollar.
The current price of Bitcoin is 1376 Large Papa John Pizzas.
Amen.
This is like the mirror image to the “Bitcoin is dead” fallacy.
Calm yourself. Banks aren’t going anywhere. The death of a few regional banks is a drop in the bucket to the size of this industry. I wouldn’t hold your breathe.
Bitcoin fanatics, you are just as delusional as fiat worshippers.
The collapse happened in 2008/09 it was just masked over.
What’s the safest and easiest means to purchase large amounts of bitcoin here in US ?
You make it sound that all of the banks are collapsing. Which they aren’t.
Idk ask bros in Cyprus, Venezuela, Argentina, Turkey, Lebanon, …, if bitcoin waited 14 years.
We are down 80%. A few banks that nobody has heard of until now go bust and this whole sub starts ejaculating over a 18% pump.
The government already bailed out the customers of these banks.
Calm your tits bro. It’s just noise. Bigger picture, still got to contend with Jpow raising rates.
I thought bitcoin is going fiat from true believers. However most of you seem to be worried about the fiat price of bitcoin?
If the banks collapse as you seem to hope for and people can’t get fiat to pay their debts etc what good will bitcoin be for purchasing goods and services when said businesses want to convert the bitcoin to fiat to pay their suppliers, employees, debts, and government taxes?
I’ve read significant amount of literature on the many sides for and against bitcoin but I still struggle to understand how it will effectively replace fiat. I know that fiat is wealth theft in many ways but how will bitcoin and only bitcoin solve this?
Bitcoin needs banks to continue fractional reserves…and they will.
This “the banks are dying” sentiment will be short lived. This is the first time banks have failed, and it won’t be the last.
1 bank collapsing is not a financial crisis. Quit fear mongering.
We are expecting a halving next year, I don’t think we are gonna go anywhere until then, or are we?
Finally gets to try to do what it was designed to do! I’m just afraid the world isn’t ready yet
Didn’t Binance.US CEO announce he was converting BUSD to BTC? I’m sure hundreds of millions in buy orders would have an effect. Has that happened?
This is the way! (as visualized by Satoshi)
Very well said.!!
Bitcoin is rallying exactly because of the expected easing of interest rates to come from this mess, because of risk on/ increased liquidity dynamics. Your thoughts that it’s rallying as a bank/ dollar alternative are delusional. Every other crypto/ speculative asset is doing the same.
>
> Bitcoin doesnt need stocks to rally to go up, it doesnt need interest rates to fall to go up,
not exactly. Both of those things point to the dollar going up, and until we are living in a post dollar reality, most people will see that as bitcoin going down.
Interest rates cannot stay high forever, and eventually the money printer will fire up, and thats when we get bitcoin’s dollar price exploding.
Just a few months ago idiots were saying “Bitcoin is correlated to tech stocks” lol 😂 no.
its greece/cyprus all over again.
If you think about it…. Only 14 years… Or let us say 15 years since 2008..
What a Fiat shit Show. Unbelievable!
The most important statement title you will read today
Bitcoin is software which has no clue whats going on in the economy……
Tell cz to buy more btc before his exchange ftx
When hyperinflation starts impacting them they’ll figure it out
yep, exactly! there was even a guy in this sub that claimed (paraphrasing) “the banks are collapsing, yet Bitcoin is up 15%, it doesn’t make any sense!” That guy does not belong here.
Do you have the source for what you’re saying in the last paragraph? I’ve got no time to “DYOR” as I’m preparing my exam.
I hesitate to believe this is the start of a banking collapse, or anything if the sort.
It is however a huge reminder that we now finally have an asset which is immune to all of the manipulations that come along with fiat.
Still very very early but honestly such a good advertisement for bitcoin.
Death to shitcoins.
Bitcoin is rallying exactly because of the expected easing of interest rates to come from this mess, because of risk on/ increased liquidity dynamics. Your thoughts that it’s rallying as a bank/ dollar alternative are delusional. Every other crypto/ speculative asset is doing the same.
I bought BTC in case the world collapsed. I never wanted it to actually collapse.
“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
Lol
I keep seeing the FUD and the bullspit saying that the FDIC pumped up *crypto* not bitcoin and there’s going to be a pump and dump
Id say it was treated as a stock or a fiat making investment, hopefully things are changing and heading towards its true purpose. Only one thing wont be as intened, we will trade mostly in sats not in btc itself.
I rly hope btc takes over and serves its purpose.