Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
62k.
Will this bitcoin shit ever end?
Nope!Will this bitcoin shit ever end?
Sure it will. Look at the fluctuations over time of the price of gold, another asset that does not pay interest or dividends.Nope!
Considering how popular gold was during antiquity and still being used now I am not sure it is a good argument over Bitcoin eventually ending, but maybe by shit people mean rapid change in is perceived value ?Sure it will. Look at the fluctuations over time of the price of gold, another asset that does not pay interest or dividends.
I remember AOL chatrooms being dismissive of the internet. And me with my investment in a 16-line BBS system also tried to cope "internet seems like a waste of time".What goes up, must come down... how far down, that is the question.
I remember AOL chatrooms being dismissive of the internet. And me with my investment in a 16-line BBS system also tried to cope "internet seems like a waste of time".
The internet of money is here to stay. The fact just won't click for everyone until more time passes and they have the perspective of hindsight to realize what happened.
Never going to happen without becoming regulated. Cypto is here to stay, but deregulated currancies will never be stable enough to be anything more than speculation, if you think otherwise you need more education.BItcoin will become the worlds reserve standard and currencies of the world will become a thing of the past. The USD(BANKER PONZI MONEY) will crash.
Checkmate
@AireothNever going to happen without becoming regulated. Cypto is here to stay, but deregulated currancies will never be stable enough to be anything more than speculation, if you think otherwise you need more education.
So what do you say to this? https://finance.yahoo.com/news/coinbase-user-lost-11-6-102201904.htmlBItcoin will become the worlds reserve standard and currencies of the world will become a thing of the past. The USD(BANKER PONZI MONEY) will crash.
Checkmate
People have been getting scammed ever since one man had more than another. I remember when aol was everyone's go to internet choice, and people would give out their login info, or credit card numbers at an alarming rate, just not having enough common sense to protect them. Anytime you work with a financial institution, they will outright tell you up front the only ways they will ever contact you, if they will ever contact you. Individuals that have an inability to learn this, which some of you may call foolish, are still 'victims' of scams on a regular basis.So what do you say to this? https://finance.yahoo.com/news/coinbase-user-lost-11-6-102201904.html
Sure it will. Look at the fluctuations over time of the price of gold, another asset that does not pay interest or dividends.
As long as interest rates are very low by historical standards, it's OK to hold Bitcoin. When (not IF) inflation starts to bite hard, and interest rates all over the world go up, BitCoin will drop. (So will purely speculative stocks like Gamestop.)
Yes, the Titanic is an unsinkable built ship, all bow it's seaworthy greatness.Bitcoin is now a religion. Whenever the thesis surrounding its purpose is defeated, the faithful simply assign another and keep buying. The core group of Bitcoiners literally think it will be the next reserve currency and are never selling. It’s not going to zero, they can’t kill it. Even with better cryptocurrency concepts emerging, Bitcoin still leads the pack. The value will fluctuate, but it’s not going to die.
Yes, the Titanic is an unsinkable built ship, all bow it's seaworthy greatness.
You think that from now to the year's 3000 it would not have been replaced by the newer crypto ?The value will fluctuate, but it’s not going to die.
Neither was Bitcoin by creator or creators ever claimed BTC to be immortal. It, like the Titanic had believers that believed whatever they believed. You believe it will never die as in it will never become worthless, there is no way for you to know that.The Titanic was actually not claimed to be unsinkable without qualification to that statement, contrary to popular belief. The shipbuilders themselves didn't even go that far.
Useless trivia aside, my point still stands, and your analogy isn't even related to my statement and the reasons I gave for why Bitcoin is here to stay at this point.
Any currency or store of value that "fluctuates" a lot will never gain widespread acceptance where it counts.Bitcoin is now a religion. Whenever the thesis surrounding its purpose is defeated, the faithful simply assign another and keep buying. The core group of Bitcoiners literally think it will be the next reserve currency and are never selling. It’s not going to zero, they can’t kill it. Even with better cryptocurrency concepts emerging, Bitcoin still leads the pack. The value will fluctuate, but it’s not going to die.
I see BTC as more like a baseball card, stamp, art where people competing to own decide the price. Intrinsically it physically can't do anything, now people can rally around it, like a flag, group and promote, proclaim whatever, same pattern humans have done for thousands of years. Making it special in people minds. It can be used to communicate between transactions not inhibited by normal financial means but then so can an email but that is besides the point. It does indeed have some unique qualities in the end, if valuable or not is decided upon by the holders and a level of agreement between them, rules, like in any game. As for a national currency, bad choice:Any currency or store of value that "fluctuates" a lot will never gain widespread acceptance where it counts.
That a strange sentence, none of those are only a storage for value ? And stable is a relative term, people that had house in certain section of Detroit could disagree about being stable over time.Intrinsically valuable things like gold, silver and property are only a storage for value and are inherently stable over time.
Think about who are having their value stolen, those are only the bank and other that made a loan with fix interest rate over a long enough horizon ? (and people with those loans being the big winners), a lot of them if the inflation is brought back under control with an interest rise, will gain a lot by that return I would imagine. Are they really the one pushing crypto ?The current theft of value by inflationary policies is real and is a one way street. When/If policy is brought back under control those whose value was taken is not returned.
Any currency or store of value that "fluctuates" a lot will never gain widespread acceptance where it counts.
Is Crude used a lot for store of value ?An ounce of gold has been as low as $1049 and as high as $2067 in the past 10 years.
West Texas Crude has been as low as $11.26 and as high as $110.62 in the past 10 years.
So tell me again how price fluctuation means things never gain widespread acceptance?
Is Crude used a lot for store of value ?
And that maybe a reason why gold do not tend to be that popular in many part of the world has a store of value either, many people prefer negative bond to it after all.
It was very specifically about currency or store of value, not commodities in general I think, even tickets can have wild fkuctuating price, that peak 5 minutes the events and crash 10 minutes later, they are incredibly widespread but no company or government with billions on their hands to store would consider them.I'm just pointing out that fluctuating pricing of commodities happens in areas with widespread acceptance.
Ok, I get it that many people think crypto is the future. But a key difference between crypto and "old fashioned" money is that bank deposits are insured by the US Government, and banking institutions are supervised by the Government to minimize loss to customers and keep the finance system running well. With crypto, if your wallet gets stolen by a hacker, what recourse do you have? Or if the crypto exchange goes out of business? Or doesn't have enough cash on hand to cover redemptions? How is your investment protected?I think it will continue to go up over time, but this is not a precious metal. People need to remember that. If world governments decide to put an end to crypto, they can quite easily. It's 100% reliant on infrastructure that governments have tight control over.
Gold? Even during world wars or even when the government 'outlawed' it, it always had value. Crypto is 100% as useless as WoW currency if you don't have the networks and computers. Gold is always there, no matter what.
Personally, I think your money is better spent on real commodities right now and land given inflation. There's a reason why all the major investment firms are buying land like crazy. They're sheltering from inflation. This is also why crypto is up, but again, crypto isn't a bar of gold, or land.
You have no recourse. On the other hand, with bitcoin you no longer have to worry about your country outlawing your money and seizing it to pay for their debts.Ok, I get it that many people think crypto is the future. But a key difference between crypto and "old fashioned" money is that bank deposits are insured by the US Government, and banking institutions are supervised by the Government to minimize loss to customers and keep the finance system running well. With crypto, if your wallet gets stolen by a hacker, what recourse do you have? Or if the crypto exchange goes out of business? Or doesn't have enough cash on hand to cover redemptions? How is your investment protected?
Educate me.
This is the only reasonable answer I see in this thread, but it would lead to an economic meltdown at the same time, so it's not being allowed to happen. Instead, you'll just lose everything due to inflation.Literally the day J Powell announces a rate hike
It was very specifically about currency or store of value, not commodities in general I think, even tickets can have wild fkuctuating price, that peak 5 minutes the events and crash 10 minutes later, they are incredibly widespread but no company or government with billions on their hands to store would consider them.
62k.
Will this bitcoin shit ever end?
You think that from now to the year's 3000 it would not have been replaced by the newer crypto ?
My brain way more agnostic about any of those statement, not able to simulate the world in that regard, with statement like this:
Cypto is here to stay, but deregulated currancies will never be stable enough to be anything more than speculation, if you think otherwise you need more education.
I feel being too strong.
Neither was Bitcoin by creator or creators ever claimed BTC to be immortal. It, like the Titanic had believers that believed whatever they believed. You believe it will never die as in it will never become worthless, there is no way for you to know that.
https://www.historyonthenet.com/the-titanic-why-did-people-believe-titanic-was-unsinkable
Any currency or store of value that "fluctuates" a lot will never gain widespread acceptance where it counts.