Quote:
Originally Posted by plsureking
"monetary policy" is the only way crypto value is determined? policy had nothing to do with BTC losing $50k in value in 6 months - or the rise before the fall. that was all speculation based on persuasion. if you can't see that, you were persuaded too.
BTC, just like any asset, needs to be traded to make a profit. holding is a fool's strategy or lazy. there's no value here except what was created and lost during each trading week. that value is mostly based on chatter, not "policy".
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It's basic math, Bitcoin adoption grows, technology improves, and supply will never change from 21m. Against a fiat currency, example, USD, with a forever growing supply that is controlled/manipulated by centralized authority.
If you say "Bitcoin will go down" (in long term) is saying you believe fiat currency will gain in value, tell us exactly how that will happen.
I'll post a few graphs to help you understand:
