Bitcoin Ending?

Demon_Skeith

Demon_Skeith

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Seems like bitcoin has been dropping more than usual, do you think this digital currency is finally on its way out?
 
I heard the bank interest rates will soon rise, so more people may want to sell their Bitcoin for real money to deposit their money in a bank with monthly interest earnings instead of holding onto Bitcoin which can rise and fall in value at any time.

I think Bitcoin maybe worth less money when many people sell Bitcoin for cash at once.
 
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I think it was a dud to begin with, and getting rid of it as soon as possible into real money makes sense. The first to mine gets all the artificial wealth in the world just like NFT artists which have also lead to a whack economy where the rich always win. Hopefully it doesn't harm the real economy when they are done.
 
Bitcoin has always had some bad crashes and has made its way back. Still not something I would mess around with but I wouldn't think it would die out that quickly.
 
I don't think bitcoin will disappear for good, I think it will just be times when the market value drops and increases
 
I think Bitcoin will always be around because there are a lot of Bitcoin users. Bitcoin will always drop and increase in value.
 
Demon_Skeith said:
I wish it vanish, its pooling in real world money into nothing (not that real world money is something to begin with) and I'm afraid it can just take everything down.
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True. This is a rich person's game and if it does deplete it should have better regulation when dealing with various market rates or variables like inflation. Putting it back into things like high end cars and images just doesn't feel right.
 
Artisan Vistra said:
True. This is a rich person's game and if it does deplete it should have better regulation when dealing with various market rates or variables like inflation. Putting it back into things like high end cars and images just doesn't feel right.
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I still don't get why NFTs became a thing.
 
Demon_Skeith said:
I still don't get why NFTs became a thing.
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I think some people buy NFT to support their favorite artist who sell NFT artwork. Buyers also hope their NFT they buy now will be worth more money in the future, so they can become richer from selling their NFT.
 
froggyboy604 said:
I think some people buy NFT to support their favorite artist who sell NFT artwork. Buyers also hope their NFT they buy now will be worth more money in the future, so they can become richer from selling their NFT.
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I just feel like people who are artists should find positions in things like making asset packs for games or new IP mascots but yeah it isn't rocket science there are other needs out there. Hopefully, artists don't depend on it as a last resort because it does feel like it isn't sustainable and crashed as a sign of that. And the pure unacceptance of it all.
 
I see too much against it building up. Nations banning Crypto use, environmental concerns, quantum computing showing signs of being able to crack the "anonymous" part of it, etc, etc. I can't see it completely going away, but I can see it fading away from the mainstream and actually getting quite a bit more stable along the way.
 
Bitcoin still has a long life ahead of it but I love to see small scam shitcoins lose all their value like Terraluna recently did. It went from 85 dollars to a rounding error above zero.
 
Burnsy said:
Bitcoin still has a long life ahead of it but I love to see small scam shitcoins lose all their value like Terraluna recently did. It went from 85 dollars to a rounding error above zero.
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I saw something about Luna V2? Is that the same scam or a totally different crypto?
 
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