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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16683067" data-attributes="member: 137766"><p>They are not related, why would I think a scam involving a dollar tied crypto would make BTC go down? Other than the fact that a crypto used as a ponzi driver would probably not reflect well on crypto in general?</p><p></p><p>I am not emotionally invested in whether BTC wins or loses. Based on my latest reading, I think it could run for 2 or 3 years more at least. My consistent view is that it is not used as a currency, but it is invested in like an asset. I happen to think that viewing vapor as an asset is folly.</p><p></p><p>Younger people, obviously, view it differently. So when the Fed faucet gets turned off and the liquidity bubble works its way through the system, then what? Or, what happens if Biden fumble ****s the economy into recession?</p><p></p><p>To be fair, many many asset classes are not going to fair well in a down turn, to many hockey stick charts out there. How will BTC and the others be treated? Will their losses be outsized or will they lose value proportionally in step with the market?</p><p></p><p>Based on the volatility during good times, it is hard to believe it will outperform the market in bad times. That is somewhat hard to figure out, a lot of BTC is not visible because it is in the shadows. We'll see, maybe sooner rather than later with how Biden is running the show.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16683067, member: 137766"] They are not related, why would I think a scam involving a dollar tied crypto would make BTC go down? Other than the fact that a crypto used as a ponzi driver would probably not reflect well on crypto in general? I am not emotionally invested in whether BTC wins or loses. Based on my latest reading, I think it could run for 2 or 3 years more at least. My consistent view is that it is not used as a currency, but it is invested in like an asset. I happen to think that viewing vapor as an asset is folly. Younger people, obviously, view it differently. So when the Fed faucet gets turned off and the liquidity bubble works its way through the system, then what? Or, what happens if Biden fumble ****s the economy into recession? To be fair, many many asset classes are not going to fair well in a down turn, to many hockey stick charts out there. How will BTC and the others be treated? Will their losses be outsized or will they lose value proportionally in step with the market? Based on the volatility during good times, it is hard to believe it will outperform the market in bad times. That is somewhat hard to figure out, a lot of BTC is not visible because it is in the shadows. We'll see, maybe sooner rather than later with how Biden is running the show. [/QUOTE]
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