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by Nursie 1432 days ago
> It's pretty simple, all the Bitcoin 'manipulation' you see is simply buying/selling open market coins.

LOL. And every tether is backed by a US Dollar in a bank account, right? Nobody could possibly (say) fake buy pressure to put the prices up?

> The point is, Bitcoin will bounce back, the dollar will not.

What point? For what purpose will bitcoin "bounce back" that the dollar will not?

As the dollar is not an investment, but a means of exchange, it doesn't seem particularly important whether the dollar 'bounces back', because nobody is trying to sell you dollars to stick under the mattress as a get-rich-quick scheme.

What a weird comment.

1 comments

Wrong - Savings accounts, treasury bills, and CDs are all ways to invest dollars and make returns in kind.

The dollar itself though will not appreciate, it will continue to deflate due to unstoppable money printing.

Bitcoin doesn't have this problem, so you can hold it and long term there is a good chance it will appreciate. Again, the dollar has zero chance.

Savings accounts are for short-term liquid ... savings. You only keep in those what you need in the forseeable.

None of these is "investing in dollars" though. You're not just holding dollars and hoping the value will go up, because literally nobody does that. By design. If you want money to grow you invest it in productive assets. Unless you're into cryptocurrency when you gamble it on group psychology and dickbutt jpegs like 3AC did.

> Bitcoin doesn't have this problem

You haven't described a problem.

I can play semantics too. Like you're not really 'investing' when you buy a stock, you just bought a share from someone else.

Your hurr crypto bad because NFTs and 3AC is basic association fallacy.

The problem is the dollar will not appreciate, bitcoin will, whether you like it or not.