1720
Cryptoflation
(lemmy.world)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 04 Dec 2023
1720 points (98.5% liked)
Microblog Memes
5878 readers
3946 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 1 year ago
MODERATORS
Don't Buy Bitcoin. It's Going To Crash!!!
what's funny is it will crash if nobody buys it.
What’s funny is you just discovered how supply/demand works. It applies to literally everything you can buy.
Kind of a smarty pants reply considering i know elastic vs. Inelastic demand is an exception to this rule.
Not really, no.
Because the things I buy have use.
For example, a gun.
So edgy, bro.
If I had 10 bitcoin I could use it to have someone steal your gun. I wouldn’t but you get the point. Or even better I could buy it off you for half a bitcoin
I hope this is a shitpost because you can say the same thing about any currency.
Or guns. Surprising number of folks that will take guns in trade.
Also...
How much do you think a gun costs?
~3 USD /S
No, it won't even go up if nobody buys it. It will instead stay the same value it currently sits at
It will crash if everyone who still has some tries to sell it.
If nobody buys it for long periods of time people will see the hump and freakout and this will trigger the firesale. I am sure this happens for at least SOME products.