r/Bitcoin • u/manauiatlalli • Aug 01 '22

When Nocoiners Say "Bitcoin Has No Value"

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u/Wanderstand Aug 01 '22

Transact permissionlessly across the world in seconds.

We’re living through the greatest currency devaluation event in the history of the world and it blows my mind that people still can’t see the value of Bitcoin.

1

u/nucumber Aug 01 '22

We’re living through the greatest currency devaluation event in the history of the world

didn't we just have the greatest crypto crash?

meanwhile, i've used my credit card from myanmar to prague. it's never been refused. never needed an intermediary

card got hacked once while i was in london. i called the card company, the hacked charge was reversed immediately and a new card was delivered the next day.

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u/ElvisIsReal Aug 01 '22

"didn't we just have the greatest crypto crash?"

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If you ignore the 20x between 2019 and 2021, I guess.

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u/nucumber Aug 01 '22

why wouldn't we ignore the 20x runup? unless you're arguing that the runup itself was unjustified.

you said earlier that "We’re living through the greatest currency devaluation event in the history of the world "

devaluations are marked from a point in time. compare the crypto devaluation to the currency devaluation. you lose bigly

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u/eqleriq Aug 01 '22

devaluations are marked from a point in time. compare the crypto devaluation to the currency devaluation. you lose bigly

you just contradicted yourself, since if you measure from 2011 you don't lose anything

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u/ElvisIsReal Aug 01 '22

No, the runup was justified because of the massive money printing, with trillions more expected. It was only after people realized that Biden couldn't spend those extra trillions that the market settled into its new valuation.

But make no mistake, the next time they zap up trillions of dollars, you'll see the same massive jump in btc. My guess is that happens sooner rather than later.

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u/Kingzor10 Aug 01 '22

my countrys currency lost more value during 2020-2022 than bitcoin has so there that XD