The trillion dollar damage (Was: Milestone or Maelstrom?)

The trillion dollar damage is
very easy to conceive:
- The Bitcoin supply replaces fiat through usage,
   so its value is not only perceived but becomes real.
- Bitcoin slumps back from 100'000 to 50'000.
   Because technically Bitcoin is nonsense.
Whats the damage now? As of now, around 19.5
million Bitcoin have been mined.
50,000 × 19,500,000 = 0.975 trillion USD
LoL
P.S.: Question is who gets the "Old Maid" card?
Mild Shock schrieb:

 Somehow I have a gut feeling that Donald Trump
is the prime candidate to cause such a mess.
Who knows, maybe in 3 months from now
 we don't see MAGA, but rather a further decend
into  becoming a 3rd world country, because of
some crazy gamblers.
 Mild Shock schrieb:

Yes I am unhappy. Since I am longing for the kick of:
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"Malicious joy is the purest joy."
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I am desperately waiting for this to happen figuratively:
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Yeah Yeah Yeahs - Heads Will Roll
https://www.youtube.com/watch?v=auzfTPp4moA
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I cannot believe that we can already control the world,
despite all the Artificial Intelligence and stuff,
and regulations from previous crashes.
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Recent crashes were:
- Dot-com bubble burst 2000
- Housing Market Collapse 2008
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Then the world was busy with Corona and Ukraine.
Now its time for a nice little financial crash,
that causes trillion damages, and not only
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billion damages as the FTX crash.
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Physfitfreak schrieb:

On 12/5/24 4:12 AM, Mild Shock wrote:

Ha Ha,
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Thats a little bit idiotic post:
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It's ironic that #Bitcoin only hit $100k by buying
off politicians and getting in bed with government.
Without expected government intervention, this
milestone never would have been hit. What couldn't
be done in a free market was achieved through the
cohesive power of the state.
https://twitter.com/PeterSchiff/status/1864506441232744577
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Wait till the bubble bursts.
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LoL

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But that's another way of saying, "Thieves want their Dollars in a safe place too."
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Bitcoin works for everybody!
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You sound unhappy about it cause you probably had a ton of money in the form of Bitcoin when it was $20k then sold it all when it was $30K :-)))
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It won't see those values ever again :) I'm happier than you because I never placed my money in bitcoin. It moved up too slowly for me and I could do better with other cryptos. Plus you cannot do Options with crypto. That sucks.
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