Antifragile Bitcoin Was Born To Thrive In An Economic Crisis

[davis196]

Bitcoin's fundamentals have not changed and they never will. Bitcoin is the most distinguished representation of money today. It is borderless, democratic, uncorrelated and antifragile by design. For the markets to reflect this, Bitcoin needs to refocus on its founding purpose.

Read more - https://bitcoinexchangeguide.com/antifragile-bitcoin-was-born-to-thrive-in-an-economic-crisis-so-whats-stopping-btc/

Bitcoin was not made to withstand a Pandemic , which is why it's price lost such tremendous amounts.

If you think being a bitcoin miner , insures good health, then you are confused, it won't.

Bitcoin is failing at being a currency which is why it's price dropped,
for the majority of people it is only a gamble to earn more fiat,
world emergency hits and people cash out the gamble to fiat,
because they feel safer with fiat.

Your so called antifragile btc is losing the miners profits -~$4k per coin, so it is fragile if miner profit margins don't improve shortly.  

People feel safer with fiat money,because they feel safer with something known.This is completely normal.
The BTC price didn't lose "tremendous amounts".There were price crashes in the past that were way harder than the last week price crash.If miners don't get any profits from BTC,they could just stop mining and leave.The hash rate/mining difficulty will drop,and mining will become profitable again.
If we ignore the volatile Bitcoin price,then yeah,the Bitcoin core blockchain is still strong and the fundamentals of Bitcoin Core aren't damaged by the crisis.

[Yatsan]

Bitcoin's fundamentals have not changed and they never will. Bitcoin is the most distinguished representation of money today. It is borderless, democratic, uncorrelated and antifragile by design. For the markets to reflect this, Bitcoin needs to refocus on its founding purpose.

Read more - https://bitcoinexchangeguide.com/antifragile-bitcoin-was-born-to-thrive-in-an-economic-crisis-so-whats-stopping-btc/

Bitcoin was not made to withstand a Pandemic , which is why it's price lost such tremendous amounts.

If you think being a bitcoin miner , insures good health, then you are confused, it won't.

Bitcoin is failing at being a currency which is why it's price dropped,
for the majority of people it is only a gamble to earn more fiat,
world emergency hits and people cash out the gamble to fiat,
because they feel safer with fiat.

Your so called antifragile btc is losing the miners profits -~$4k per coin, so it is fragile if miner profit margins don't improve shortly.  

People feel safer with fiat money,because they feel safer with something known.This is completely normal.
The BTC price didn't lose "tremendous amounts".There were price crashes in the past that were way harder than the last week price crash.If miners don't get any profits from BTC,they could just stop mining and leave.The hash rate/mining difficulty will drop,and mining will become profitable again.
If we ignore the volatile Bitcoin price,then yeah,the Bitcoin core blockchain is still strong and the fundamentals of Bitcoin Core aren't damaged by the crisis.

People mistake this price drop as bitcoin's fault for losing but in reality it is not. Most people will definitely prefer fiat over bitcoin because of its utility, more stores and establishments are using fiat more than bitcoin itself. And since panic ensued during the quarantine period due to COVID,despite of bitcoin being an independent asset, it still inevitably lost value because people panicked and used the money they cashed out for their own welfare. If bitcoin is much more used than how it is right now, the situation wouldn't be like this.

[buwaytress]

Said it before and will say it again. There are many kinds of crisis, money, economy, banking and Bitcoin was built as an alternative to existing finance systems. Yes, born from the ashes of the last economic meltdown, and born because of the need for something better. So, if that crisis is caused by the same corrupt system, a broken fiat system, then yes, Bitcoin will be the answer.

This does not automatically mean that Bitcoin thrives when shit is bad. If shit is bad, then it means Bitcoin is still not the world currency, systems are still rotten and people are still jobless and without income.

It just means Bitcoin will do better than its traditional money peers.

[Wind_FURY]

BSV runs on same fundamentals...  Segwit not

 

Bitcoin Cash "SV"/Craigcoin was born out of fraud, its leader is a fraud, and it's a fork of a fork. Plus what "fundamentals" are you talking about? Craigcoin/gigamegs-weather-data-on-the-blockchain, if lucky to have Bitcoin's total transaction volume, would slow the BSV network, OR centralize itself towards the miners. It is flawed.

BUT OK, we understand. It's a troll to annoy the community because you believe the Core developers are "conspirators". You're like the flat-earthers.

[bitlind]

Today almost every bitcoiner or even a precoiner spreads rumors that Bitcoin was created for time like this and blah blah blah. They believe 2020 will be Bitcoin year. Maybe they are right, anyway the economic situation affects crypto industry too. So stop calling Bitcoin "antifragile". 

[tbterryboy]

Haven’t someone already explained this? One of the Winklevoss brothers once said on Twitter that even though we all believed Bitcoin should thrive in some situations, it’s not during a pandemic like this. At a time like this people are scared and they will be careful so that they are not going to be losing any further money and some of them will even be needing this money to help them through this situation. There are people who invest money and at a certain time they will be needing that money to run one or two things.

Bitcoin was originally created to withstand against economic crisis but currently it is not doing as per the original vision. This may be due to the reason of week hands like wall street investors' contribution in bitcoin markets. I guess this will change slowly when people realize when and where not to get panic with bitcoin investments and holding.

[hv_]

BSV runs on same fundamentals...  Segwit not

 

Bitcoin Cash "SV"/Craigcoin was born out of fraud, its leader is a fraud, and it's a fork of a fork. Plus what "fundamentals" are you talking about? Craigcoin/gigamegs-weather-data-on-the-blockchain, if lucky to have Bitcoin's total transaction volume, would slow the BSV network, OR centralize itself towards the miners. It is flawed.

BUT OK, we understand. It's a troll to annoy the community because you believe the Core developers are "conspirators". You're like the flat-earthers.

The trolls are all over here - anti-fragile,  cause the posts are for free and ppl beleive they can post shit anonymously

Metanet / BSV does fix that

Get over it - there is nothing more 'decentral' and compliant within BitCoin