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» I still think BTC is going to zero, unless someone can tell me....
03-14-2024, 05:17 PM
#181
Originally Posted By kusok⏩
I’m guessing you can still do Keplr, Leap, Terra, Cosmos, etc, etc. the space is massive!! It’s insane. Lots of money to be lost if you are willing to explore lol 😂 rugged to death
Mirin breh, people who know what they’re doing with staking and alt coins can make a killing, just be careful, I’m too dumb for that, I’m oldcel, so terrible with technology, and I’m in New York, these mother****ers don’t even let us get any yield or staking unless we try to get around it, I just buy and hold stocks and 3 biggest cryptos, and sell options, that it
03-14-2024, 06:57 PM
#182
Originally Posted By Berts⏩
I didn't say I was smart, I’ll likely never make anything worth mentioning but the tech is crazy.
Soon you will have auto farming that compounds and pay off leveraged loans auto automatically with the yield profits. You don’t do anything but relax in Bali
Soon you will have auto farming that compounds and pay off leveraged loans auto automatically with the yield profits. You don’t do anything but relax in Bali
What the fuk.
I've literally mined so many different alt coins, that I forget the names of some of them (garlic, raven, N something, eth, I can't even remember the names of the others) like the one coin I learned fukkin linux for and rented servers in germany to mine them, and never even sold the coins before they crashed, and am hodling every single other coin (except eth, that i do stuff with)
But I have no clue what NFTs are really, what staking of ANY of that **** you said means. I just know NFTs were a big joke and I'm glad I stayed away.
03-14-2024, 07:37 PM
#183
Originally Posted By MarioMiami305⏩
Wow 2400 by the end of the year, eh? Not even 2200 now, was near 2100 in 2020. Some inflation hedge…
It's literally a speculative asset that is used by gamblers to trade on their phones with. That's why the dumps are glorious. Check out the dump that just happened from 68k to 63k that happend 30 minutes ago.
It is 100% going to be severely regulated by goverments or outright banned and it will go to zero.
It went from 71k to 10k three years ago.
Nothing but a ponzi scheme and retailers will hold the bags again.
Its not recession proof like gold and it will be the first asses sold off in a financial crisis or recession - something it markets itself as a safe haven for.
Gold is still the best assest for protection and it's on the path for a huge bull rally. 5k within 5 years. mark it. 2400 oz by end of year.
It is 100% going to be severely regulated by goverments or outright banned and it will go to zero.
It went from 71k to 10k three years ago.
Nothing but a ponzi scheme and retailers will hold the bags again.
Its not recession proof like gold and it will be the first asses sold off in a financial crisis or recession - something it markets itself as a safe haven for.
Gold is still the best assest for protection and it's on the path for a huge bull rally. 5k within 5 years. mark it. 2400 oz by end of year.
-Virtue is its own reward
-Survived misc outage 2022 crew
-My old username (Johnez) did not survive outage :-(
03-22-2024, 11:06 AM
#184
Great video for nocoincels to learn some things, about what kinds of people are involved, what they are doing, what numbers of people are involved, what bitcoin does to power grids and so on:
I think also it’s great to look deeply into history of bitcoin creation. I think when people realize what kind of coders worked on this for the longest time, and who was involved and how this whole thing works, the view changes from “it’s a scam that someone made up” to “perhaps there is much much more to this”
I think also it’s great to look deeply into history of bitcoin creation. I think when people realize what kind of coders worked on this for the longest time, and who was involved and how this whole thing works, the view changes from “it’s a scam that someone made up” to “perhaps there is much much more to this”
03-22-2024, 11:20 AM
#185
Originally Posted By kusok⏩
None of this explains what actual/tangible value it has besides speculation/greater fool theory.
Great video for nocoincels to learn some things, about what kinds of people are involved, what they are doing, what numbers of people are involved, what bitcoin does to power grids and so on:
I think also it’s great to look deeply into history of bitcoin creation. I think when people realize what kind of coders worked on this for the longest time, and who was involved and how this whole thing works, the view changes from “it’s a scam that someone made up” to “perhaps there is much much more to this”
I think also it’s great to look deeply into history of bitcoin creation. I think when people realize what kind of coders worked on this for the longest time, and who was involved and how this whole thing works, the view changes from “it’s a scam that someone made up” to “perhaps there is much much more to this”
03-22-2024, 12:40 PM
#186
Originally Posted By JoeDelts⏩
It’s same as why people buy antiques, gold, and other assets that cannot be debased, you can easily argue antiques and gold also don’t have any actual value other than what the market gave it, it’s just that bitcoin is more convenient than caring around bricks of gold, And it helps that you can easily move money around without paying 30% Western Union fees lol
None of this explains what actual/tangible value it has besides speculation/greater fool theory.
But judging from your post, one would assume that you already know this, and what you’re really saying is that you don’t believe in it, which is totally fine, which is where the above video comes in, all you need to know is that there are very large numbers of very wealthy, very well-connected, and very smart people who do believe in it, so you can either join or continue watching as statistically The best investment in history continues to go up without you. nobody’s forcing you to buy.
I just thought it’s interesting to hear about massive multi billion dollar operations that entire yooooouuuge institutions and corporations are involved in in the background of bitcoin, which is a sharp contrast to the general misunderstanding of bitcoin by nocoincells, who basically believe it’s some scam that some guy in his basement made up.
Idk brah… just sayin
03-22-2024, 02:23 PM
#187
Originally Posted By kusok⏩
I don't think gold and antiques is a good comparison. They both have real world applications which give them value. Gold can be used to make jewelry which will always be valued by rich people as a status symbol as well as having uses in manufacturing. Antiques would also be valued by wealthy people as status symbols.
It’s same as why people buy antiques, gold, and other assets that cannot be debased, you can easily argue antiques and gold also don’t have any actual value other than what the market gave it, it’s just that bitcoin is more convenient than caring around bricks of gold, And it helps that you can easily move money around without paying 30% Western Union fees lol
But judging from your post, one would assume that you already know this, and what you’re really saying is that you don’t believe in it, which is totally fine, which is where the above video comes in, all you need to know is that there are very large numbers of very wealthy, very well-connected, and very smart people who do believe in it, so you can either join or continue watching as statistically The best investment in history continues to go up without you. nobody’s forcing you to buy.
I just thought it’s interesting to hear about massive multi billion dollar operations that entire yooooouuuge institutions and corporations are involved in in the background of bitcoin, which is a sharp contrast to the general misunderstanding of bitcoin by nocoincells, who basically believe it’s some scam that some guy in his basement made up.
Idk brah… just sayin
But judging from your post, one would assume that you already know this, and what you’re really saying is that you don’t believe in it, which is totally fine, which is where the above video comes in, all you need to know is that there are very large numbers of very wealthy, very well-connected, and very smart people who do believe in it, so you can either join or continue watching as statistically The best investment in history continues to go up without you. nobody’s forcing you to buy.
I just thought it’s interesting to hear about massive multi billion dollar operations that entire yooooouuuge institutions and corporations are involved in in the background of bitcoin, which is a sharp contrast to the general misunderstanding of bitcoin by nocoincells, who basically believe it’s some scam that some guy in his basement made up.
Idk brah… just sayin
I guess BTC could be considered valuable as a currency on the black market (this is really more of a liability as it makes it a target for the government and law enforcement) but beyond that it doesn't really have any uses/ applications that would give it value. Hence why people would say that it will ultimately crater at some unknown point in the future. Don't get me wrong. I understand that as long as people are trading it, there's money to be made but that's the caveat. It's a game of hot potato where you haven't actually made anything until you've sold it for more than what you bought it for.
03-22-2024, 02:35 PM
#188
gold is the most malleable metal and the only option for many electronics applications. Its also nearly corrosion resistant and non reactant, hence its application in jewelry.
That is not something I thought I would have to explain to other adults who invest but here we are. Gold has practical value. You can argue over btc all you want but the intrinsic and practical value of gold is ensured by its place on the periodic table. Its stake comes from its role in physics.
BTC is literally mined on electronics that depend on GOLD to function. Its transactions rely on GOLD to occur. Ironic, really.
Anyways, all in on btc. People are desperate to make a quick buck, and I am going to capitalize off that.
That is not something I thought I would have to explain to other adults who invest but here we are. Gold has practical value. You can argue over btc all you want but the intrinsic and practical value of gold is ensured by its place on the periodic table. Its stake comes from its role in physics.
BTC is literally mined on electronics that depend on GOLD to function. Its transactions rely on GOLD to occur. Ironic, really.
Anyways, all in on btc. People are desperate to make a quick buck, and I am going to capitalize off that.
Jesus wasn't a pacifist
03-22-2024, 02:54 PM
#189
Originally Posted By JoeDelts⏩
People buy gold and antiques to protect themselves against inflation of the dollar, it is true They also can buy it for other reasons, but I’m speaking strictly about buying those things as investments, which is a very popular thing to do.
I don't think gold and antiques is a good comparison. They both have real world applications which give them value. Gold can be used to make jewelry which will always be valued by rich people as a status symbol as well as having uses in manufacturing. Antiques would also be valued by wealthy people as status symbols.
I guess BTC could be considered valuable as a currency on the black market (this is really more of a liability as it makes it a target for the government and law enforcement) but beyond that it doesn't really have any uses/ applications that would give it value. Hence why people would say that it will ultimately crater at some unknown point in the future. Don't get me wrong. I understand that as long as people are trading it, there's money to be made but that's the caveat. It's a game of hot potato where you haven't actually made anything until you've sold it for more than what you bought it for.
I guess BTC could be considered valuable as a currency on the black market (this is really more of a liability as it makes it a target for the government and law enforcement) but beyond that it doesn't really have any uses/ applications that would give it value. Hence why people would say that it will ultimately crater at some unknown point in the future. Don't get me wrong. I understand that as long as people are trading it, there's money to be made but that's the caveat. It's a game of hot potato where you haven't actually made anything until you've sold it for more than what you bought it for.
I wouldn’t worry about bitcoin cratering at some point, the trillion dollar pension funds allocate and hold forever, no paper hands there.
I am 100% certain that nocoiners have not heard a single 40 minute Michael Saylor interview, because he easily explains all the points and concerns nocoiners have, so it’s apparent that they have simply not done their homework, which is not a good reason not to invest in something.
If someone can honestly say yes I understand Blockchain technology, I have put in hundreds of hours to study it, and here is where Michael Saylor is wrong etc. OK I get it, invest in something else, but this is not the case, people who Post stuff against bitcoin in this thread are completely clueless. It’s very obvious from the language they’re using. Not talking about you or anyone in particular lol
03-22-2024, 03:02 PM
#190
Originally Posted By 4g64fiero⏩
gold is the most malleable metal and the only option for many electronics applications. Its also nearly corrosion resistant and non reactant, hence its application in jewelry.
That is not something I thought I would have to explain to other adults who invest but here we are. Gold has practical value. You can argue over btc all you want but the intrinsic and practical value of gold is ensured by its place on the periodic table. Its stake comes from its role in physics.
BTC is literally mined on electronics that depend on GOLD to function. Its transactions rely on GOLD to occur. Ironic, really.
Anyways, all in on btc. People are desperate to make a quick buck, and I am going to capitalize off that.
That is not something I thought I would have to explain to other adults who invest but here we are. Gold has practical value. You can argue over btc all you want but the intrinsic and practical value of gold is ensured by its place on the periodic table. Its stake comes from its role in physics.
BTC is literally mined on electronics that depend on GOLD to function. Its transactions rely on GOLD to occur. Ironic, really.
Anyways, all in on btc. People are desperate to make a quick buck, and I am going to capitalize off that.
In fairness, Gold is just a nearly useless rock, you can always get some more by digging, it’s applications in technology and jewelry are minor part compared to its investing price, it’s price mostly comes from the fact that people gave it that price, the market has spoken, and market has spoken on bitcoin, like you said, why argue with the market? If the market wants to give $20 million price to some piece of garbage painting, especially if it’s some blue circle and nothing else “painting”, then that’s the price, nobody has to agree with that, but it just is.
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