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0 pointsoarsinsync3y ago0 comments

> i've been betting against btc from the beginning

Not literally, I assume? Or you’ve got a tiny position and have been (relative to the size if your position) haemorrhaging money for ~13 years? Or successfully rode some down waves? (I’m super jelly if you did the latter)

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bsaul3y ago

of course not, i would be broke :))

I do have a bet with a friend regarding btc price going under 1k i made in 2019 but it's just for fun..

danuker3y ago

Bitcoin has seen several 80%+ crashes and bounced back.

It is all in the demand.

A lot of that 80% flucuation is made up of short term speculators.

But some people are hardcore holders, and others use it because their national currency is worse (Venezuela, Sri Lanka).

Couple that with the network effects (BTC is the largest still), and that's all it takes for the price not to go to zero.

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