ghywertelling
Joined 8 months ago
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Member since
Feb 13
Joined 8 months ago
Why would anyone use bitcoin if the world's factory ie China wants gold as payments?
Even pro Bitcoin people like Balaji and Lyn Alden haven't answered this structural question. There exists market for what counts as money. If that market (led by China) says we don't accept Bitcoin, then these are just some random numbers.
This is also true for how HFT guys make money. It's not that they are very good in investments. The Fed injects money constantly from the top which gets distributed or trickle down to such firms. Because in a tight economy which is not akin to gambling, it should be near to impossible to make money so easily.