Super bowl ads... there's your sign.

If you are up 2000% in an investment and have not taken any profits you are doing it wrong
Hth

I recall that You seemed to insinuate that ever selling off Bitcoin to diversify if those holdings got too big in your portfolio was an outdated concept, and that anyone who deliberately tried to buy some Bitcoin at a lower price with the sole intention to then later sell it at a higher price was a 'Pump and dump' participant.

As though all this speculation in Bitcoin for the vast majority of folks has been more about 'changing the world' and 'revolutionizing the banking system' to stick it to governments and central banks, rather than simple greed and the dream of striking it rich by merely a few well-timed clicks of one's mouse from the comfort of their home.

It is the latter case obviously that drove those previous Bull runs. Most people don't give a flip about ''revolutions'. It is all about the money.

The professionals only care about the money and the mountain of cash that the professionals are managing tend to drive the market. The amateurs and their stories and motivations are a better and more interesting narrative than the professionals. At the end of the day the pro's usually win a few amateurs and lots of amateurs lose.

By pros I don't mean run of the mill broker/advisor I am talking about the guys managing 9 figures funds

Buck Turgidson said:

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I've never met anybody who could really explain in plain English why I should pay you real money for Crypto, unless it was for illegal transactions. It always struck me as another tulip bulb or beanie baby craze.

---

You're probably right, who can say

Sq 17 said:

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If you are up 2000% in an investment and have not taken any profits you are doing it wrong
Hth

---

I wonder if being "up" when you do accounting in a currency that crackpots in Washington have control over printing distorts the perceived value of the thing...

An alternative view is to try to save your money rather than take risk with your savings. I own more satoshis today than I did yesterday and less than I'll own tomorrow. The fiat exchange rate and Jerome Powell's strategies do not drive my behavior necessarily. I'm "up" every day I produce excess value for my community and am thus able to store more of that value across time with hard money.

Buck Turgidson said:

---

I've never met anybody who could really explain in plain English why I should pay you real money for Crypto, unless it was for illegal transactions. It always struck me as another tulip bulb or beanie baby craze.

---

How many legal transactions do you make today that will be illegal tomorrow if the wrong people are in office?

Pumpkinhead said:

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I recall that You seemed to insinuate that ever selling off Bitcoin to diversify if those holdings got too big in your portfolio was an outdated concept, and that anyone who deliberately tried to buy some Bitcoin at a lower price with the sole intention to then later sell it at a higher price was a 'Pump and dump' participant.

As though all this speculation in Bitcoin for the vast majority of folks has been more about 'changing the world' and 'revolutionizing the banking system' to stick it to governments and central banks, rather than simple greed and the dream of striking it rich by merely a few well-timed clicks of one's mouse from the comfort of their home.

It is the latter case obviously that drove those previous Bull runs. Most people don't give a flip about ''revolutions'. It is all about the money.

---

Hence the bit about bad advice, cuz you're encouraging sp3culatory behavior instead of education and usage.

Bitcoin is a vehicle, a tool, imagine the invention of the car and you're telling people how to buy and sell it as if it's the only use for the car (Makin money off it.) I'm out here telling people to get a car and learn to drive it to help their families travel further, longer, faster.

To you bitcoin is not a tool, but a speculators vehicle used only to "make more dollars." I vehemently disagree, and mostly disavow that type of behavior.

And regards to revolutions, its simply a superior form of communication across time and space no different than the internet revolution.

You could even say it's the internet revolution v.2.0 now with digital scarcity.

Bitcoin has been a theoretical concept since before the internet, and has gone through around 40 iterations prior to its discovery.

But yeah, trade it for tether if it's too volatile and associate it with Celsius, clearly you need no course correction.

Teslag said:

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Buck Turgidson said:

---

I've never met anybody who could really explain in plain English why I should pay you real money for Crypto, unless it was for illegal transactions. It always struck me as another tulip bulb or beanie baby craze.

---

How many legal transactions do you make today that will be illegal tomorrow if the wrong people are in office?

---

Buck Turgidson said:

---

I've never met anybody who could really explain in plain English why I should pay you real money for Crypto, unless it was for illegal transactions. It always struck me as another tulip bulb or beanie baby craze.

---

You shouldn't trade anything for crypto. You absolutely should trade time/money/labor for bitcoin though if you've been paying any attention. Not all of it, mind you but a % you're comfortable with.

I'll trade you some bitcoin for your time, if you can prove to me it's valuable enough, let's not trade for "real money."

Quote:

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Bitcoin is a vehicle, a tool, imagine the invention of the car and you're telling people how to buy and sell it as if it's the only use for the car (Makin money off it.) I'm out here telling people to get a car and learn to drive it to help their families travel further, longer, faster.

---

This is antithetical to what a BTC is. From the BTC whitepaper abstract and conclusion:

Quote:

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A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
----
We have proposed a system for electronic transactions without relying on trust

---

BTC is a payment system protocol. Nothing more, nothing less.

Buck Turgidson said:

---

I've never met anybody who could really explain in plain English why I should pay you real money for Crypto, unless it was for illegal transactions. It always struck me as another tulip bulb or beanie baby craze.

---

How is it similar to either of those, outside of "price go up?"

tysker said:

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Quote:

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Bitcoin is a vehicle, a tool, imagine the invention of the car and you're telling people how to buy and sell it as if it's the only use for the car (Makin money off it.) I'm out here telling people to get a car and learn to drive it to help their families travel further, longer, faster.

---

This is antithetical to wgat a BTC is. From the BTC whitepaper abstract and conclusion:

Quote:

---

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
----
We have proposed a system for electronic transactions without relying on trust

---

BTC is a payment system protocol. Nothing more, nothing less.

---

Protocols are lines of code that create rails to allow forms of communication and connection across time and space. Money is communication. Unfettered payments through the invention of digital scarcity across an unfettered network through an invention called proof of work might be limited solely/completely to "p2p payments", but my study proves it out to be far grander than "just payments only," whether that was satoshi's original intent or not.... Dr Frankenstein had his monster too, but couldn't control it after creation either.

MemphisAg1 said:

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A great read on the crypto crash

Quote:

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It all started in February 2021, with a radio advert for Dogecoin, a cryptocurrency promoted by Elon Musk, the founder of Tesla. Intrigued, Roy started Googling, eventually using his credit card to make an initial investment of 2,500 (2,200) in a range of cryptocurrencies. The value of Roy's portfolio climbed to 8,000, then 100,000, then 525,000. Roy had entered the market during an adrenalised bull run, meaning an extended period of price growth. A combination of Covid stimulus packages, low interest rates and an unprecedented level of enthusiasm for cryptocurrency among furloughed workers meant the bull was careering out of sight.

---

Quote:

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Then the cryptocurrency market crashed. The price of bitcoin fell from 42,000 in May 2021 to 23,000 by the end of June. It rallied to an all-time high of 48,000 in November, before diving to 26,000 at the end of January. Since then, it has been in near-continuous freefall. At the time of writing, bitcoin is hovering at 17,000. "It felt like I had lost my life," says Roy. "Because I had invested everything in crypto. I had built every dream I had on there. So, when it came crashing down, my whole life came crashing down."

---

Quote:

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"I always thought the next project would bring me back up again and I'd cash out before it crashed"

---

---

I am going to enjoy reading this article!!

even though my crypto portfolio has dropped, for me it has been a great opportunity to now own .63 BTC and 2.5 ETH.

I am happy every day that crypto drops- just to see all the scum going bankrupt who set up these ponzi schemes.

shocker that the heads of 3AC Capital have fled the country and "whereabouts unknown"!!

I think your definition of payment, in other words, is limited in scope, but maybe you could correct my misunderstanding.

If you believe "payment" only relates to the financial sense, I disagree. A time stamp can be considered payment, and a time stamp could represent any form of data.

Let me be the first to chide you on announcing, publicly, your holdings.

I wouldn't even do that in private.

Quote:

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Money is communication.

---

What does that mean?

Money is a medium of exchange. It allows value to be exchanged based upon whatever concept of "value" the parties have, whether that value be chickens, an hour of labor, a gallon of fuel, an autograph, a conversation, or whatever.

But it is a way for value to be exchanged.

My issue with crypto is it seems the only value ever exchanged was for more crypto, not altogether different from always cashing in lottery tickets to buy more lottery tickets.

I've never seen one singe store, and maybe two web sites, that would accept crypto as a form of payment.

cecil77 said:

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Quote:

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Money is communication.

---

What does that mean?

Money is a medium of exchange. It allows value to be exchanged based upon whatever concept of "value" the parties have, whether that value be chickens, an hour of labor, a gallon of fuel, an autograph, a conversation, or whatever.

But it is a way for value to be exchanged.

My issue with crypto is it seems the only value ever exchanged was for more crypto, not altogether different from always cashing in lottery tickets to buy more lottery tickets.

I've never seen one singe store, and maybe two web sites, that would accept crypto as a form of payment.

---

For one thing, money is used to communicate pricing which in itself is a source of information. The gist of the post you quoted kinda reflects that - you find out something's worth by assigning it a monetary value and see if it gets purchased. Knowing something's dollar value can tell you a lot of things beyond "how much to get it". It can tell you about the society's values. It can show supply and demand inbalance. It can create trendlines of how things evolve over time.

Using that logic. BTC would then be a purer form, not controlled by a government or other entity, to be less manipulated.

And adoption is always a process. But it's becoming more common if you look for it. Using an intermediary, you can use crypto to buy almost anything via USD as well, which helps the process.

tysker said:

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Quote:

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Bitcoin is a vehicle, a tool, imagine the invention of the car and you're telling people how to buy and sell it as if it's the only use for the car (Makin money off it.) I'm out here telling people to get a car and learn to drive it to help their families travel further, longer, faster.

---

This is antithetical to what a BTC is. From the BTC whitepaper abstract and conclusion:

Quote:

---

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
----
We have proposed a system for electronic transactions without relying on trust

---

BTC is a payment system protocol. Nothing more, nothing less.

---

What are you talking about?

Money, or a payment system protocol if you prefer, is a tool precisely as this poster described. It's a tool for a decentralized society of inter-reliant individuals to communicate, store, and transfer value across space and time in a trustworthy way. Adverse Event here is advocating that people learn to use the "car" for its inherent utility, same as people learn to use bitcoin for its inherent utility as a immutable, censorship-resistant form of global hard money.

There's nothing "antithetical" about this. I think rather you're not understanding the point, which is okay. A lot of people prefer fiat money and fiat consequences. It's natural with the programming we all receive.

exp said:

---

tysker said:

---

Quote:

---

Bitcoin is a vehicle, a tool, imagine the invention of the car and you're telling people how to buy and sell it as if it's the only use for the car (Makin money off it.) I'm out here telling people to get a car and learn to drive it to help their families travel further, longer, faster.

---

This is antithetical to what a BTC is. From the BTC whitepaper abstract and conclusion:

Quote:

---

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
----
We have proposed a system for electronic transactions without relying on trust

---

BTC is a payment system protocol. Nothing more, nothing less.

---

What are you talking about?

Money, or a payment system protocol if you prefer, is a tool precisely as this poster described. It's a tool for a decentralized society of inter-reliant individuals to communicate, store, and transfer value across space and time in a trustworthy way. Adverse Event here is advocating that people learn to use the "car" for its inherent utility, same as people learn to use bitcoin for its inherent utility as a immutable, censorship-resistant form of global hard money.

There's nothing "antithetical" about this. I think rather you're not understanding the point, which is okay. A lot of people prefer fiat money and fiat consequences. It's natural with the programming we all receive.

---

A car is a depreciating asset with long term value of 0 and is useless if there are no roads or mechanics to fix issues. What value are you transferring across time and space?

Adverse Event said:

---

I think your definition of payment, in other words, is limited in scope, but maybe you could correct my misunderstanding.

If you believe "payment" only relates to the financial sense, I disagree. A time stamp can be considered payment, and a time stamp could represent any form of data.

---

I would argue that is blockchain technology, not BTC itself.

The thing that Bitcoin proponents seem to accept without much real thought is that decentralized currency is better than centralized currency. It seems to go unquestioned.
I wish there was more debate around this question.

The other thing that gives money usefulness, is who specifically accepts it as payment. As long as the IRS accepts only dollars, Bitcoin is more similar to a commodity in my opinion.

The Bitcoin holders are just hoarding it, not even using it as money. Just holding it hoping it's value will be greater in the future. If USD collapses I question their assumptions that Bitcoin will somehow save them or retain value. Recent events shows it's price action is correlated to stocks. And that even with record inflation, the thing it's supposed to hedge against, it's price has collapsed. And they'll be too scared to spend or sell it even then. So what are they saving for? 9% inflation should show a 9% increase in BTC/USD but it's been more like -60% since inflation hit. Bitcoin cultists seem to ignore this, and can't explain it.

The other group is the traders and pure speculators that just want to make USD and going on the greater fool theory.

Cryptos real value is as a black market currency. It's a decentralized currency, and black markets are also decentralized by their very nature of existing outside of existing regulatory frameworks. That's why it makes sense on the black market, it avoids a lot of issues with authorities and regulators if you actually use it as money instead of USD. It's when it gets converted to USD that trouble arises.

"3,315 of whom have assembled in a "Bear Market Screaming Therapy Group" group to vent their anguish.

"I had a few people lamenting and crying," says the group's founder, a 30-year-old cryptocurrency investor who gives only his first name, Giulio.

"I decided not to ban them. I felt bad. They weren't even able to scream any more. They were just sobbing."

in 1944 a million Allied troops invaded Normandy and fought against German SS Panzer divisions.

and today- this article is describing the type of citizens we are dealing with...

Ag81Golf said:

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Help me out here. He invested $2500.00 using a credit card and the investment climbed to a half mil?

He didn't cash out or at least take half of it and diversify?

Greed overwhelms the simple minded.

---

These dummies are all in the UK, but I can't imagine how a crypto exchange was accepting a credit card for payment.

I have coinbase and you actually have to transfer cash from a bank account.

...when my local convenience store has a sign in the window "buy bitcoin here" right next to the "Live Fishing Bate Here" sign.

tysker said:

---

exp said:

---

tysker said:

---

Quote:

---

Bitcoin is a vehicle, a tool, imagine the invention of the car and you're telling people how to buy and sell it as if it's the only use for the car (Makin money off it.) I'm out here telling people to get a car and learn to drive it to help their families travel further, longer, faster.

---

This is antithetical to what a BTC is. From the BTC whitepaper abstract and conclusion:

Quote:

---

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
----
We have proposed a system for electronic transactions without relying on trust

---

BTC is a payment system protocol. Nothing more, nothing less.

---

What are you talking about?

Money, or a payment system protocol if you prefer, is a tool precisely as this poster described. It's a tool for a decentralized society of inter-reliant individuals to communicate, store, and transfer value across space and time in a trustworthy way. Adverse Event here is advocating that people learn to use the "car" for its inherent utility, same as people learn to use bitcoin for its inherent utility as a immutable, censorship-resistant form of global hard money.

There's nothing "antithetical" about this. I think rather you're not understanding the point, which is okay. A lot of people prefer fiat money and fiat consequences. It's natural with the programming we all receive.

---

A car is a depreciating asset with long term value of 0 and is useless if there are no roads or mechanics to fix issues. What value are you transferring across time and space?

---

Respectfully, I don't think you're understanding how analogies work in the english language.

The analogy is that cars have utility. The utility of a car is it can move you around. The utility of Bitcoin, not a car, is that it can transfer value across space and time. Please re-consider your response with this clarification being made apparent.

tysker said:

---

Adverse Event said:

---

I think your definition of payment, in other words, is limited in scope, but maybe you could correct my misunderstanding.

If you believe "payment" only relates to the financial sense, I disagree. A time stamp can be considered payment, and a time stamp could represent any form of data.

---

I would argue that is blockchain technology, not BTC itself.

---

Blockchain as a technology is essentially a decentralized public ledger/database. Could be used for anything. We could have a public ledger to track real estate ownership.

Bitcoin currently is the leader on the front nine for becoming the public ledger of money.

bmks270 said:

---

The thing that Bitcoin proponents seem to accept without much real thought is that decentralized currency is better than centralized currency. It seems to go unquestioned.
I wish there was more debate around this question.

The other thing that gives money usefulness, is who specifically accepts it as payment. As long as the IRS accepts only dollars, Bitcoin is more similar to a commodity in my opinion.

The Bitcoin holders are just hoarding it, not even using it as money. Just holding it hoping it's value will be greater in the future. If USD collapses I question their assumptions that Bitcoin will somehow save them or retain value. Recent events shows it's price action is correlated to stocks. And that even with record inflation, the thing it's supposed to hedge against, it's price has collapsed. And they'll be too scared to spend or sell it even then. So what are they saving for? 9% inflation should show a 9% increase in BTC/USD but it's been more like -60% since inflation hit. Bitcoin cultists seem to ignore this, and can't explain it.

The other group is the traders and pure speculators that just want to make USD and going on the greater fool theory.

Cryptos real value is as a black market currency. It's a decentralized currency, and black markets are also decentralized by their very nature of existing outside of existing regulatory frameworks. That's why it makes sense on the black market, it avoids a lot of issues with authorities and regulators if you actually use it as money instead of USD. It's when it gets converted to USD that trouble arises.

---

Respectfully sir, there is an ENORMOUS amount of philosophical thought behind the push for decentralization. The idea comes down to this:

Rules without Rulers

Humans are susceptible to corruption and over time will manipulate the tools they control to favor themselves and those around them. These people are cantillionaires in the current system.

The attraction of Bitcoin is that no one can control it or change the monetary policy. By voluntarily participating in the Bitcoin Network, you're necessarily agreeing to the rules of the network...21 million limit on production, etc.

There's a huge movement within Bitcoin around freedom, self-sovereignty, government skepticism, anti-tyranny, anti-authoritariamism....which is 99% of what this Politics board is!!! It's bizarre that Ags on here are none the less hostile towards Bitcoin rather than embracing it as a power check against people no one this forum seems to like living under the thumb of.

Your whole critique of Bitcoin as an inflation hedge is short-sited. Right now people are trading Bitcoin with huge leverage and it's moving in the markets along with risk-on tech stocks. There's a short-term trend that loses impact as adoption increases. Over time, fiat printing to infinity against a hard money capped at 21 million necessarily becomes value-less against Bitcoin.

Look man, I ain't here to convince you of anything. Make your own value judgments and live your life.

exp said:

---

tysker said:

---

Adverse Event said:

---

I think your definition of payment, in other words, is limited in scope, but maybe you could correct my misunderstanding.

If you believe "payment" only relates to the financial sense, I disagree. A time stamp can be considered payment, and a time stamp could represent any form of data.

---

I would argue that is blockchain technology, not BTC itself.

---

Blockchain as a technology is essentially a decentralized public ledger/database. Could be used for anything. We could have a public ledger to track real estate ownership.

Bitcoin currently is the leader on the front nine for becoming the public ledger of money.

---

Who do decentralized databases serve?

At the end of the day, nearly all databases will be centralized and controlled by the people collecting the data and maintaining. Decentralization for its own sake isn't better, it's worse.

"The Bitcoin holders are just hoarding it, not even using it as money. "

If you understand the adoption cycle of a deflationary asset, the smartest thing to do early in adoption cycles is to hoard. Spending of the resource becomes more palatable over time as one's own real world purchasing power to time-left-on-earth ratio increases. It also becomes more palatable as value appreciation in real terms starts to slow.

The fact that people hoard it today is indicative of where we are in the macro adoption cycle.

The technology as money is superior to fiat and gold in every way and will eventually disintermediate both as stores of value and mediums of exchange, if not wholly, at least partially.

bmks270 said:

---

exp said:

---

tysker said:

---

Adverse Event said:

---

I think your definition of payment, in other words, is limited in scope, but maybe you could correct my misunderstanding.

If you believe "payment" only relates to the financial sense, I disagree. A time stamp can be considered payment, and a time stamp could represent any form of data.

---

I would argue that is blockchain technology, not BTC itself.

---

Blockchain as a technology is essentially a decentralized public ledger/database. Could be used for anything. We could have a public ledger to track real estate ownership.

Bitcoin currently is the leader on the front nine for becoming the public ledger of money.

---

Who do decentralized databases serve?

At the end of the day, nearly all databases will be centralized and controlled by the people collecting the data and maintaining. Decentralization for its own sake isn't better, it's worse.

---

They serve the users of the information. Study the byzantine general's problem and how Bitcoin solves it if you're struggling with this concept.

exp said:

---

tysker said:

---

exp said:

---

tysker said:

---

Quote:

---

Bitcoin is a vehicle, a tool, imagine the invention of the car and you're telling people how to buy and sell it as if it's the only use for the car (Makin money off it.) I'm out here telling people to get a car and learn to drive it to help their families travel further, longer, faster.

---

This is antithetical to what a BTC is. From the BTC whitepaper abstract and conclusion:

Quote:

---

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
----
We have proposed a system for electronic transactions without relying on trust

---

BTC is a payment system protocol. Nothing more, nothing less.

---

What are you talking about?

Money, or a payment system protocol if you prefer, is a tool precisely as this poster described. It's a tool for a decentralized society of inter-reliant individuals to communicate, store, and transfer value across space and time in a trustworthy way. Adverse Event here is advocating that people learn to use the "car" for its inherent utility, same as people learn to use bitcoin for its inherent utility as a immutable, censorship-resistant form of global hard money.

There's nothing "antithetical" about this. I think rather you're not understanding the point, which is okay. A lot of people prefer fiat money and fiat consequences. It's natural with the programming we all receive.

---

A car is a depreciating asset with long term value of 0 and is useless if there are no roads or mechanics to fix issues. What value are you transferring across time and space?

---

Respectfully, I don't think you're understanding how analogies work in the english language.

The analogy is that cars have utility. The utility of a car is it can move you around. The utility of Bitcoin, not a car, is that it can transfer value across space and time. Please re-consider your response with this clarification being made apparent.

---

Cars have a utility now but that same car has value trending toward zero. And even still the current utility of a car, or any tool really, requires other agents. A hammer is useless without nails or wood. And over time, any individual hammer decreases in marginal value.

The utility of BTC, in your opinion, is that is it a store of value. I argue, that value, like any tool or technology will trend toward zero, mostly because it has no obvious intrinsic value.

tysker said:

---

exp said:

---

tysker said:

---

exp said:

---

tysker said:

---

Quote:

---

Bitcoin is a vehicle, a tool, imagine the invention of the car and you're telling people how to buy and sell it as if it's the only use for the car (Makin money off it.) I'm out here telling people to get a car and learn to drive it to help their families travel further, longer, faster.

---

This is antithetical to what a BTC is. From the BTC whitepaper abstract and conclusion:

Quote:

---

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
----
We have proposed a system for electronic transactions without relying on trust

---

BTC is a payment system protocol. Nothing more, nothing less.

---

What are you talking about?

Money, or a payment system protocol if you prefer, is a tool precisely as this poster described. It's a tool for a decentralized society of inter-reliant individuals to communicate, store, and transfer value across space and time in a trustworthy way. Adverse Event here is advocating that people learn to use the "car" for its inherent utility, same as people learn to use bitcoin for its inherent utility as a immutable, censorship-resistant form of global hard money.

There's nothing "antithetical" about this. I think rather you're not understanding the point, which is okay. A lot of people prefer fiat money and fiat consequences. It's natural with the programming we all receive.

---

A car is a depreciating asset with long term value of 0 and is useless if there are no roads or mechanics to fix issues. What value are you transferring across time and space?

---

Respectfully, I don't think you're understanding how analogies work in the english language.

The analogy is that cars have utility. The utility of a car is it can move you around. The utility of Bitcoin, not a car, is that it can transfer value across space and time. Please re-consider your response with this clarification being made apparent.

---

Cars have a utility now but that same car has value trending toward zero. And even still the current utility of a car, or any tool really, requires other agents. A hammer is useless without nails or wood. And over time, any individual hammer decreases in marginal value.

The utility of BTC, in your opinion, is that is it a store of value. I argue, that value, like any tool or technology will trend toward zero, mostly because it has no obvious intrinsic value.

---

Tysker, I'm going to take a break because you don't seem to be making sound arguments.

The fact that cars have utility but also depreciate is...not relevant. Does your dollar depreciate? No (though it does get debased!!!). Does it have utility? Yes. We're talking about the utility of BTC as money. You're getting weirdly drawn off the scent of the argument by talking about car depreciation and other irrelevant points.

If BTC value trends to zero, you have a huge opportunity to profit off your insights buy adding the Short Bitcoin ETF to your retirement portfolio. Just set it and forget it and you should be really, really wealthy.

Decentralization is akin to anarchy. It only lasts as long as it takes for someone to prove a violence superiority and centralize it under their rule.

It's 7th grade gym class with no PE teachers. Its where the strong obliterate the weak and install themselves as the ruler of the kingdom.

If you think bitcoin will not have a ruler (or doesn't already have one), then you are deluding yourself with nonsense utopian ideals.


Congrats on being the rube.

Definitely Not A Cop said:

---

Ag81Golf said:

---

Help me out here. He invested $2500.00 using a credit card and the investment climbed to a half mil?

He didn't cash out or at least take half of it and diversify?

Greed overwhelms the simple minded.

---

You are supposed to feel sorry for him, you animal. He started investing by using a credit card and could of had half a million dollars, but he didn't.

---

there is a youtube channel on financial investments I watch and they did an interview with a guy

who had a million dollar portfolio in Doge Coin...

now worth about $15,000

guy doesn't regret it as he claims his followers would not have accepted if he sold it (paper hands!!)