• zalgotext@sh.itjust.works
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    6 months ago

    Crypto coins collapsing or people being rugged? Not Bitcoin.

    Bitcoin has collapsed like three times in the last like 7 years dawg.

    But it has a clear use case.

    Sure, I suppose, if you count things like “destroying the environment” and “lining Nvidia’s pockets” as “use cases”.

    • makeasnek@lemmy.ml
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      6 months ago

      Bitcoin has collapsed like three times in the last like 7 years dawg.

      If you bought 1 BTC 15 years ago, you still have 1 BTC. It has not collapsed. The price relative to USD has collapsed a few times, but the average trend is growth. Bitcoin does not guarantee any price relative to any other currency, because it can’t, all it can guarantee is a stable supply of currency. The USD, in that time period, has lost >20% of its purchasing power as well, so the USD also “crashed”.