Shitcoin keeps plummeting. But oh, yes, these clownish serial pump-and-dump scams will *totally* come back (despite not have *any* intrinsic value)… just as soon as tulip bulbs and Beanie Babies “come back” first. 🤣 💰🔥 - The Great Awakening

Shitcoin keeps plummeting. But oh, yes, these clownish serial pump-and-dump scams will *totally* come back (despite not have *any* intrinsic value)… just as soon as tulip bulbs and Beanie Babies “come back” first. 🤣 💰🔥 (media.greatawakening.win)

posted 2 years ago by BasedInFact 2 years ago by BasedInFact +49 / -6

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– BasedInFact [S] 0 points 2 years ago +1 / -1

Uh, what?!? That’s not even remotely true. 🤣

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– sillBag 1 point 2 years ago +1 / -0

It's 100% true. But there is a delayed effect.

Yes real world market dumps do affect crypto markets (initially).. because theres something called panic.

But historically, yes, it is exactly the case... because Bitcoin has a fixed maximum supply of 21M coins... and the dollar's supply keeps increasing... the value of Bitcoin vs the Dollar increases.

This is 98% of the reason why Bitcoin has gone from $200 in 2013... to $30,000 today.

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– Ogcarvattack 1 point 2 years ago +1 / -0

How is it not true? If the dollar loses value through inflation. Then bitcoin will have more dollar value... It is just one factor among many, and basic economics.

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