Wait, Wasn't Bitcoin Supposed to Be Good in a Crisis?

Wait, Wasn't Bitcoin Supposed to Be Good in a Crisis?

From vice.com

Bitcoin was born out of a financial crisis, its debut announced in early 2009 with a block of data containing a headline referencing bank bailouts. Since then, a popular narrative around the technology has been that it's a hedge against the rest of the world—when the Black Swan finally rears its ugly head, the unwashed masses with their worthless dollars will grovel before the fleece vest-wearing, cryptocurrency-wielding elite. Ha-ha! Anyway, none of that shit has happened during the first real, global test of this theory: the ongoing coronavirus pandemic. As the US stock market saw its worst crash since 1987, ... (full story)

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Mar 14, 2020 4:46pm

Quoting trumps

Disliked

... As usual, the USD jumped significantly during this crisis, proving once again where the SMART money goes for protection...

Ignored

..

Hmm, the price of USD index DXY:

02-20 99.792
03-09 95.047
03-12 98.582

trumps

Mar 14, 2020 12:51pm

Permalink

Wait, what?
Bitcoin

good in a crisis?

If you call falling in value by over 60% in a month as countries react to the Corona virus, "good in a crisis", then your screen is upside down

As usual, the USD jumped significantly during this crisis, proving once again where the SMART money goes for protection

trumps

Mar 14, 2020 6:51pm

Permalink

Quoting yg10

Disliked

{quote}.. Hmm, the price of USD index DXY: 02-20 99.792 03-09 95.047 03-12 98.582

Ignored

Precisely. During the period of crisis, where countries started closing their borders, restricting travel and Trump calling a national emergency, (very recently, last few days), the USD has shot up

Now let's compare that to the value, and % drop of bitcoin

over the same period

trumps

Mar 14, 2020 6:58pm

Permalink

Quoting Not-KPMG

Disliked

...Bitcoin dropped yes Not because is Bad. Because morons and crooks manipulated it Same.... Gold Shocked??? I'm not Yes Bitcoin is not stable.... Because only few thousand BIG players move it.... Wait few Years. When 2 billion people have 0.01 bitcoin On AVERAGE .... there won't be spikes

Ignored

This is the blind logic we are faced with.
Any down movement of bitcoin

is blamed on manipulation, not natural market forces.

A bitcoin

"holder" who refuses to look at reality.
Hence, he continues to post over and over and over again the same faulty message almost every day, to convince and comfort himself.

It's kind of like a punch drunk boxer on the ropes, swinging wildly at his opponent, hoping to hit something, while being pummeled.

trumps

Mar 15, 2020 4:44am

Permalink

Quoting Not-KPMG

Disliked

{quote} �� Buddy You can't win. He's too batt hurt �� Also dollar lost 97% value in 90 years . LOL

Ignored

And bitcoin

lost 60% value in just 1 month

Bitcoin 🐧 lost over 25% of its value in JUST 1 DAY!!!😉😉😆🙈🙈🙈
What other "currency" has done that?

Socialist Venezuela's perhaps

👍😎
How ironic...

🙊

You are right about 1 thing NKPMG.
"You can't win", because truthful facts win out every time 👍😎

trumps

Mar 14, 2020 7:16pm

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As the economic crisis continues to worsen over the next weeks, watch what happens to USD and watch what happens to btc

/USD.

TudorIoan

Mar 14, 2020 8:13am

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Bitcoin proved it's nothing but trash, it can't hold value !
Because
- it doesn't have inherent value,
- it has nothing to do with the real world economy,
- it has nothing to do with sane investment,
- it has nothing to do with global risk aversion,
- it has nothing to do with coronavirus,
...NOTHING !!

..IT'S JUST A COMPUTER CODE !

TudorIoan

Mar 14, 2020 9:06am

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And we just have seen the last bitcoin bubble got dumped to zero real value, namely the minimal mining rentability level !

Just die, volatile trash !

Not-KPMG

Mar 14, 2020 9:06am

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Biggest lies again about Bitcoin??

Bitcoin dead no???

At 15 dollars??

Liars website no??

https://www.forbes.com/sites/timwors...-bitcoin-then/
LOL.

Attached Image (click to enlarge)

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Biiiiiitcoin deeeeead

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TudorIoan

Mar 14, 2020 9:10am

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Quoting Not-KPMG

Disliked

You misspelled, here truth :"Bitcoin is fake money" and also wasn't bitcoin dead many years ago??" Fixed it I'm the dumbido penguin, clap with me, clap-clap-clap, du-du-duh !

Ignored

Quoting Not-KPMG

Disliked

At 15 dollars?? Liars website no?? Biiiiiitcoin deeeeead wah, wah, wah !

Ignored

Don't flatter yourself too much, crypto big mouth ! Your argument is stupid as usual

Bitcoin went up from 10 dollars because a crypto fool is born every minute to buy it

Bitcoin it's basically trash

TudorIoan

Mar 14, 2020 9:16am

Permalink

Quoting Not-KPMG

Disliked

After EACH Bitcoin halving....people get smart, they buy this bitcoin trash less. Our thread: come and clap with me like a dumbid penguin ! https://www.cryptocraft.com/showthre...0#post12769170 It's Never too late to clap like a fool !

Ignored

Exactly, they buy this bitcoin trash less

Not-KPMG

Mar 14, 2020 9:34am

Permalink

I feel disadvantage because I don't read Tupor

Lemme guess...
Biiiiiitcoin deeeeead

Ohh the fun
Old times. Read , laugh at educated crybabies morons!

“Why bitcoin will fail” – Apenwarr | $3.12 Yes 3 bucks

https://99bitcoins.com/why-bitcoin-will-fail/

Like the gold standard, a successful bitcoin would send our economy back into the dark ages. . .

https://99bitcoins.com/wp-content/uploads/2010/12/bitcoin-obituary-351x185.png

“Why Bitcoin can’t be a currency” – The Underground Economist | $0.23

Yes bitcoin was under 1 dollar

https://99bitcoins.com/why-bitcoin-cant-be-a-currency/

Not-KPMG

Mar 14, 2020 9:35am

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Educated moron???

Ohhhh Nopel prize

He must be right

Attached Image

TudorIoan

Mar 14, 2020 9:55am

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Quoting Not-KPMG

Disliked

Bitcoin died in 2014. Today 5400 dollars

Ignored

Don't flatter yourself too much, crypto big mouth ! Your argument is stupid as usual

Bitcoin went up from 10 dollars because a crypto fool is born every minute to buy it

Bitcoin is the same trash as it was in 2014

Not-KPMG

Mar 14, 2020 5:10pm

Permalink

Quoting yg10

Disliked

Bitcoin was not supposed to be "good in a crisis" when it was designed and deployed.

This narrative came to life not earlier than in 2017. >its debut announced in early 2009 Bitcoin whitepaper was published Oct. 31, 2008.

Ignored

Good notice 👍

But i have to add my view.

BITCOIN is good solid money.👏

End of sentence .

Crisis not crisis ...i don't care.🐢🐢

Bitcoin is great BECAUSE the world's Toilet Paper is trash.😨😨😨

Did FED liars stop printing 😱😱😨👎

Soooo ??? 😉👍💰 my bitcoin gets better

Not-KPMG

Mar 14, 2020 5:15pm

Permalink

...Bitcoin dropped yes 😱

Not because is Bad.

Because morons and crooks manipulated it 😱😂😂😂
Same.... Gold 😨😨😨😨

Shocked???

I'm not 🐢🐢👏👏

Yes Bitcoin is not stable....

Because only few thousand BIG players move it.... 😱

Wait few Years. 🐢🐢
When 2 billion people have 0.01 bitcoin On AVERAGE .... there won't be spikes 👏👏👏

TudorIoan

Mar 14, 2020 11:41pm — Edited

Permalink

Quoting Not-KPMG

Disliked

{quote} But i have to add my view. BITCOIN is good solid money.

Ignored

People really got sick and tired of your crypto blabber

This is a fkn boring propaganda!
The magic "change" which is supposed to bring heaven on earth as you use to sound like some fkn missionary cult bullshit!

Bitcoin sound money, my ass !
After finishing "printing" more bitcoin mining it out of thin air, what's the big fkn deal if you can't print bitcoin at some point ?

It's actually a problem, deflation is as worse as inflation, moron !

You one-eyed dumb half-witts only sees taxes, pensions, inflation, banks profits, conspirations ... and you think you know everything about economy

You morons don't read history books ? You're as dumb as the radical laissez-faire obsessed politocal animals !

This is a real discussion about bitcoin, ...not, "me Tarzan, I smart, bitcoin good, fiat bad ! Duh!

TudorIoan

Mar 14, 2020 11:44pm — Edited

Permalink

Quoting trumps

Disliked

{quote} This is the blind logic we are faced with. Any down movement of bitcoin is blamed on manipulation, not natural market forces. A bitcoin "holder" who refuses to look at reality. Hence, he continues to post over and over and over again the same faulty message almost every day, to convince and comfort himself. It's kind of like a punch drunk boxer on the ropes, swinging wildly at his opponent, hoping to hit something, while being pummeled.

Ignored

"It's kind of like a punch drunk boxer on the ropes, swinging wildly at his opponent, hoping to hit something, while being pummeled" ...I kind of like that !

TudorIoan

Mar 15, 2020 12:06am — Edited

Permalink

Quoting Not-KPMG

Disliked

Bitcoin dropped yes. Because is Bad. It deepens recessions! Clap with me, crypto penguins !

Ignored

You forgot to mention your pet lie, like the fees will drop to 0.000001 otherwise the exchanges will die !

...and forgot the fact that you'll be long dead by then.

Do you even know how much costs the energy to pay a single coffee in bitcoin ? $700 ? ...more ? ...who's gonna foot that bill ??? Oooo, fees 0.00001, duhhh!

And stop ignoring the fundamental real problems of the LN

You really think like a stupid teen after having an erotic dream with a sexy Tooth Fairy

Not-KPMG

Mar 15, 2020 4:29am

Permalink

Quoting yg10

Disliked

{quote} I did not mention BTC at all. I only told you that move from 99.792 to 98.582 cannot be called a "significant jump"

Ignored

🍻🍻

Buddy

You can't win.

He's too batt hurt
😂😂😂

Also dollar lost 97% value in 90 years .

LOL

TudorIoan

Mar 15, 2020 6:03am

Permalink

Quoting Not-KPMG

Disliked

Also dollar lost 97% value in 90 years .

Ignored

Actually GOLD went up 97% in 90 years...
Any rigid limited referential item become "scarce" next to the expanding economy.
Like what you expect from the the halving, dumby !

That's why bitcoin protocol is bad !!

Dollar apparently lost value next to gold as a result of the expanding of the global economy

...but you're too dumb to read economy

Duhhh!
Stop lying to people here by spreading your limited stupid view !

TudorIoan

Mar 15, 2020 6:08am

Permalink

Quoting Not-KPMG

Disliked

Chart. See all pages. Plenty info and liars here

Ignored

Your thread doesn't explain anything important about bitcoin. Only anti-system boring bullshit

Stop begginig for attention, dumbid kiddo !

Not-KPMG

Mar 15, 2020 8:13am

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What bitcoin 😱 😱

Dirty liars Forpos.... 😱

Wasn't bitcoin dead ehh liars??? At 15 dollars ehhh liars??? 🙉

Ohhhhh history . pictures ...😂

https://www.cryptocraft.com/showthread.php?p=12683176#post12683176

Forpos and other's lies. Exposed .😱😨

Smart thread all welcome 👏👏🍻

Not-KPMG

Mar 15, 2020 2:58pm

Permalink

Quoting trumps

Disliked

{quote} And bitcoin lost 60% value in just 1 month

: Bitcoin lost over 25% of its value in JUST 1 DAY!!!

What other "currency" has done..... . win", because truthful facts win out every time

Ignored

I wish I can see your facts. Liar 😳
I see just lies dumpfo

You know.... I'll bite.
And you can bite me

I'm such a good heart (and mellow after great party) that I'll reply to your lies, and show everyone you are a moron and dumbo.

No offence. You're just liar and cr..in.

One Last time. OK.??

Read
S
L
O
W
LY....

Sooooo

Bitcoin lost 60% value. From 9000. Agree.

Also look at picture here. Apparently Bitcoin lost 40%. Agree

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Not to mention 2018 when bitcoin lost 75%.
Agree moron???

Sooooo

According to your logic Bitcoin is hoooorible investment???

According to your pigeons LOGIC then what Bitcoin lost 175% value???

Is Bitcoin price today 9000 times negative 1.75 so about minus 7000 bucks???

Is it moron??

Is it zero moron??

Ohhh nooo...

Next picture. Bitcoin was 15 dollars.

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Picture above 58 dollars....

Wait whaaaaaattt???

Next picture.... Bitcoin was 900 green going to 10 dollars

Whaaaaattttt

Is it 5300 dollars now????

Wait whaaaaaattt???

Moron - you're confused liar.

Peace.

Attached Image

Not-KPMG

Mar 15, 2020 3:28pm

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My last post in this liars ridden news.

Obvious ??🤔🤔😳

Biiiiiitcoin deeeeaaaaad 😂 😂 😂

And I won't read this cre.tin DumpsTump even if he offer his sister

Attached Image

yg10

Mar 14, 2020 4:38pm

Permalink

Bitcoin was not supposed to be "good in a crisis" when it was designed and deployed.
This narrative came to life not earlier than in 2017.

>its debut announced in early 2009
Bitcoin whitepaper was published Oct. 31, 2008.

yg10

Mar 14, 2020 9:01pm

Permalink

Quoting trumps

Disliked

{quote} Precisely. During the period of crisis, where countries started closing their borders, restricting travel and Trump calling a national emergency, (very recently, last few days), the USD has shot up Now let's compare that to the value, and % drop of bitcoin over the same period

Ignored

I did not mention BTC at all. I only told you that move from 99.792 to 98.582 cannot be called a "significant jump"

trumps

Mar 15, 2020 4:40am

Permalink

Quoting yg10

Disliked

{quote} I did not mention BTC at all. I only told you that move from 99.792 to 98.582 cannot be called a "significant jump"

Ignored

I was talking about the significant jump that occurred over the last 4 days, not moves from last month. The big news about countries like Italy going into lockdown, significant travel bans and Trump declaring a national emergency, all happened in the last week or so. Over THIS period of time, which I referred to as the crisis, bitcoin fell very heavily, while USD jumped up.

TudorIoan

Mar 14, 2020 8:07am

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Sure ! But it was nothing but a big lie from the crypto shills and crooks

Not-KPMG

Mar 14, 2020 9:04am

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Wait wasn't u supposed to grow a brain

Not-KPMG

Mar 14, 2020 9:05am

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You misspelled "Bitcoin is solid money

and also wasn't bitcoin dead many years ago??"

Fixed it

Boy I'm good

Not-KPMG

Mar 14, 2020 9:11am

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After EACH Bitcoin halving....people get smart.

Our thread:
https://www.cryptocraft.com/showthread.php?p=12769170#post12769170

It's Never too late

Not-KPMG

Mar 14, 2020 9:37am

Permalink

Bitcoin died in 2014.

At 10 dollars

Today 5400 dollars

Sad

Attached Image

TudorIoan

Mar 14, 2020 9:53am

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Quoting Not-KPMG

Disliked

I feel disadvantage because I don't read Tupor

Ignored

Despicable pathological liar, you even copy-paste my images

Not-KPMG

Mar 14, 2020 1:44pm

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It's nice.

Making silly people think (although many lie).😂😂

👍👍👍👍
For me. 👏👏👏

Not-KPMG

Mar 15, 2020 4:21am

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Chart.
See all pages.

Plenty info and liars busting 😱😱👍

https://www.cryptocraft.com/showthread.php?p=12775153#post12775153

Not-KPMG

Mar 15, 2020 5:45am

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I don't read silly 😂😂😂👍

Not-KPMG

Mar 15, 2020 5:46am

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this is great explanation why the public (SHEEPLE) don't get bitcoin 😱😱

https://www.reddit.com/r/Bitcoin/comments/f4r9el/why_is_bitcoin_so_hard_for_most_people_to/