03-04-2024, 04:30 PM
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#61
Originally Posted By tvr123⏩
I would think Not easily, Gold is heavy, and it’s not finite, the new digital gold btc is quite a bit easier to move around, and of course you can easily exchange this new digital gold for dollars, which is the whole point of the ETFs.Lots of things are finite but that doesn't make them worth anything. That they are an accepted medium of exchange makes them worthy. Gold is worth something because you can exchange it for fiat currencies easily.
To me, it seems wise to allocate ~25% of portfolio to digital assets, you can always find a reason not to invest in anything, many people didn’t want to invest in Apple or Internet, or Amazon, there was a lot of pushback, Tesla, when Nvidia was $150 people said that it really is a $40 stock, I don’t think it’s a very productive way to think about investments.
03-04-2024, 04:37 PM
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#62
Originally Posted By propreffered7⏩
When supply runs out, which by current guesstimation should happen at around mid 2025, there will be the most glorious supply crunch in history of investing.Explain to me what happens when supply runs out
Idk how people can predict this, cause if someone comes along and pays 50 billion for some nobody knew that amount would come out
I know the halvening continously makes it harder to mine, prolonging the supply.. but theoretically.. my aforementioned about not knowing how much some can buy
I understand when bitcoin supply runs out, it is now more rare, perhaps exceedingly so... i also know you can send .0000001 bitcoin
Your supply is now out. You can only send bitcoin to and fro. Why would anybody use it? Is it amazingly fast? No. Does it do something other things cant do? No. Its a ledger and historical record but so are a lot of things. Its not untraceable
Its actually not very good as a currency, as a lot of other cryptos are better
So why would its value continually go up? Introducing someone new would require devaluing it by spreading out the amount someone has
Idk.. i dont get it. I get some of it
Idk how people can predict this, cause if someone comes along and pays 50 billion for some nobody knew that amount would come out
I know the halvening continously makes it harder to mine, prolonging the supply.. but theoretically.. my aforementioned about not knowing how much some can buy
I understand when bitcoin supply runs out, it is now more rare, perhaps exceedingly so... i also know you can send .0000001 bitcoin
Your supply is now out. You can only send bitcoin to and fro. Why would anybody use it? Is it amazingly fast? No. Does it do something other things cant do? No. Its a ledger and historical record but so are a lot of things. Its not untraceable
Its actually not very good as a currency, as a lot of other cryptos are better
So why would its value continually go up? Introducing someone new would require devaluing it by spreading out the amount someone has
Idk.. i dont get it. I get some of it
We know this because long term holders are not selling, they didn’t sell when it was 70% down, and most of them are not planning to sell until $1 million bitcoin, of course some people will sell, of course there will be dramatic shakeouts when rich people will organize massive bad news events to try to get people to sell, of course, But this is nothing new. It all has happened in the past, the smallest bull run bitcoin ever had was a 16 X, if we have another 16 X that takes us to $1 million bitcoin, remember that is the smallest run out of several that bitcoin had, ETFs and entire countries buying bitcoin by billions of dollars, do you really think this is going to be the smallest bull run we ever had? Maybe you’re right, we will find out, but I don’t think so.
Why would its value go up? For the same reason Gold value has gone up, it’s a store of value, it cannot be inflated, unlike paper money.
03-04-2024, 04:50 PM
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#63
03-04-2024, 06:17 PM
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#64
03-04-2024, 07:00 PM
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#65
Originally Posted By Azrairc⏩
I find this thread 10x more entertaining because you don't know how 401ks or bankers workpovertycel spotted
imagine BTC being this high already and the majority of public retards aren't even aware yet. They are still investing in whatever fund they don't know that works to make bankers rich off management fee's while giving them a 5% yearly return in their 401ks which is less than inflation
LMFAOOOO
imagine BTC being this high already and the majority of public retards aren't even aware yet. They are still investing in whatever fund they don't know that works to make bankers rich off management fee's while giving them a 5% yearly return in their 401ks which is less than inflation
LMFAOOOO
03-04-2024, 07:27 PM
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#66
- markkillerings
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- markkillerings
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Give us poverty Dogecoincels and Shiba Inucels good news, mang.
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