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sperry
sperry@bitcoin.rocks
npub1z8gt...36vw
Cabins. Snow. Photos. History. SimpleX: https://w3.do/kPkcoYm7
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sperry 2 years ago
"In the mid-2010s, the hope that Bitcoin's value would inevitably rise to ever new heights began to dominate the narrative. But Bitcoin is also not suitable as an investment. It does not generate cash flow (like real estate) or dividends (like equities), cannot be used productively (like commodities) or provide social benefits (like gold). The market valuation of Bitcoin is therefore based purely on speculation. Speculative bubbles rely on new money flowing in. Bitcoin has also repeatedly benefited from waves of new investors. The manipulations by individual exchanges or stablecoin providers etc. during the first waves are well documented, but less so the stabilising factors after the supposed bursting of the bubble in spring." European Central Bank "Bitcoins Last Stand" November 30, 2022 #bitcoin
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sperry 2 years ago
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sperry 2 years ago
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sperry 2 years ago
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sperry 2 years ago
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sperry 2 years ago
"If you sell all your precious cybermoney of the upcoming Information Age for a piece of taxable, inflatable and infinitely replicable brick and mortar, you'll regret it and you will buy back #bitcoin at much higher price, too."
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sperry 2 years ago
Would be wild to see a new ATH before the halving.... 👀
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sperry 2 years ago