Bitcoin....who's gotten into it?

[skaredshtles]

Narrator: He was mistaken.

[stalefish3169]

Narrator: He was mistaken.


Attachment 494021

Attachment 494022

Shouldn't you be submitting your mea culpa soon?

https://twitter.com/matthew_sigel/st...65Z97nJnQ&s=19

[J. Barron DeJong]

Shouldn't you be submitting your mea culpa soon?

https://twitter.com/matthew_sigel/st...65Z97nJnQ&s=19

Oh, the COIN COO says that?

Did she also change the vote count?

[stalefish3169]

If it is lost, stolen, corrupted, hit by a surge/EMP, or burns in a fire? How is it different than cash stuffed under your mattress depression style (apart from the encryption)?

SEARCH JONG!

[LeeLau]

2 and 20 is pretty old skool..not many can charge that anymore. But I agree with JC that neither BTC nor ETH are immune from shutdowns

[J. Barron DeJong]

SEARCH JONG!

EMP is not usually referring to a solar flare. Usually refers to a nuclear event. I guess summit will have to confirm which one he was talking about.

Solar flare is CME.

[stalefish3169]

EMP is not usually referring to a solar flare. Usually refers to a nuclear event. I guess summit will have to confirm which one he was talking about.

Solar flare is CME.

Thanks for splitting hairs.

Next time BTC has a -5% day Summit will be in here saying "I told you so!" That's how he rolls.

[J. Barron DeJong]

Thanks for splitting hairs.

Next time BTC has a -5% day Summit will be in here saying "I told you so!" That's how he rolls.

Is it also splitting hairs to point out that he was referring to this EMP taking out a storage device, not taking down the whole network?

[JimmyCarter]

2 and 20 is pretty old skool..not many can charge that anymore. But I agree with JC that neither BTC nor ETH are immune from shutdowns

Yeah, easier than saying 1.5 and 17.5 or whatever they end up at these days. A lot of PE still sitting comfortably in that range though (some with no hurdle)

[byates1]

Scraped a little off the top again, loading up hoping to put it back in if the air comes out of the balloon this summer. Who knows.

[stalefish3169]

I took profits on my USD and used the proceeds to buy more BTC yesterday and today.

But the cool thing about BTC is that it has deep liquidity and people can do what they want with it. Was hanging out with some peeps last night and a guy was talking about how he is squatting on all of these "highly desirable" domain names worth over six figures each, yet there are no buyers.

[MultiVerse]

Fed survey on consumer payment choice:

• The total value of payments per consumer per month was $5,029.
• Eighty-three percent of consumers reported that they had used cash in the past 30 days, down from 85 percent in 2021.
• Two-thirds of consumers had used an electronic way to pay from a bank account in the past 30 days, the same as in 2021.
• The share of purchases made remotely remained about 20 percent in 2022, the same as in 2021 and 2020 and double the share of remote purchases in 2019.
• Two-thirds of consumers reported that they had adopted an online payment account such as PayPal, Venmo, or Zelle.
• Almost half of consumers reported that they had been offered to make a purchase using buy now, pay later in the prior 30 days, up from one-third in 2021.
• Ownership of crypto assets was stable at about 10 percent of US consumers.

Among the 10 percent of crypto holders, a majority hold an amount worth $400.00 or less. The next 42 percent of holders is weighted towards the low end of $8,000 or less with the remaining 8 percent holding more than $8,000.

Note: the most recent survey is as of 2022/2023

source:https://www.atlantafed.org/banking-a...payment-choice

[mud]

But the cool thing about BTC is that it has deep liquidity and people can do what they want with it.

Just like beanie babies the value is only there if you can find a new patsy to invest.

[byates1]

Hey everyone mud is checking back in w his 2016 cursory knowledge

[stalefish3169]

Just like beanie babies the value is only there if you can find a new patsy to invest.

So how is this different than gold? When you want a burger do you go into McDonald's and shave a little bit off your bar? Or do you have to physically take it to a gold dealer who is going to give you 80 cents on the dollar? How is that better than being able to sell BTC from anywhere with way less fees?

[J. Barron DeJong]

So how is this different than gold? When you want a burger do you go into McDonald's and shave a little bit off your bar? Or do you have to physically take it to a gold dealer who is going to give you 80 cents on the dollar? How is that better than being able to sell BTC from anywhere with way less fees?

I’ll just note that gold is a shitty investment, so you shouldn’t HODL gold either.

[byates1]

Inverse jong. Have 10grand in gold and silver. And a couple guns. Cheap hedge.

[J. Barron DeJong]

Inverse jong. Have 10grand in gold and silver. And a couple guns. Cheap hedge.

If I felt the need to hedge against hyperinflation or the collapse of the government, I’d definitely choose gold over Bitcoin.

The cost isn’t just the 10 grand though, it’s what the 10 grand could be doing if it was invested elsewhere, like an S&P 500 index fund for example, that is expected to have significantly higher returns than gold.

[up an down]

If I felt the need to hedge against hyperinflation or the collapse of the government, I’d definitely choose gold over Bitcoin.

The cost isn’t just the 10 grand though, it’s what the 10 grand could be doing if it was invested elsewhere, like an S&P 500 index fund for example, that is expected to have significantly higher returns than gold.

Byates and fish hate it that buffets strategy of hodl with quality stocks has worked so well..especially compared to holding gold the past decades..Hodl is only ok for btc...not ok for a proven winning history with stocks.

[byates1]

Well you're ^ obviously an idiot. Most of my nut is in tradfi, I've stated this over and over. Your special needs intellect can't seem to grasp this.

If you are desperate for every 10k in your life to make the maximum possible return well then sorry to hear. You hold a small of gold to keep money not make it.

[byates1]

Make sure to keep checking in twice a year w 0 knowledge. It's a good look for you

[stalefish3169]

Byates and fish hate it that buffets strategy of hodl with quality stocks has worked so well..especially compared to holding gold the past decades..Hodl is only ok for btc...not ok for a proven winning history with stocks.

I'm not against stocks. I own a good chunk of stocks. I'm against old fucks who get preferential treatment from the government and call BTC rat poison squared after being largely responsible for an obesity epidemic and and ecological disaster. It's gross that people have Stockholm Syndrome and treat Warren like he's some kind of god.

[up an down]

I'm not against stocks. I own a good chunk of stocks. I'm against old fucks who get preferential treatment from the government and call BTC rat poison squared after being largely responsible for an obesity epidemic and and ecological disaster.

One person in the world is largely responsible for those current problems?? no one else is largely responsible for their own choices?. Bullshit...

[stalefish3169]

One person in the world is largely responsible for those current problems?? no one else is largely responsible for their own choices?. Bullshit...

Warren is the boss man at the BH which is the largest shareholder of Coca Cola which is the largest plastic polluter on the planet. Not only has Coca Cola fucked our environment and led to widespread microplastic pollution that's inside of all of us, they've hooked billions of people on sugar which has let to massive obesity and associated health problems. If he's not responsible, who is?

P.S. Did you know that sugar is one of the most subsidized agricultural products in the US? So not only did old Warren get ridiculous rich for pedaling poison, he got the US taxpayers to pay him for it.

https://www.washingtonpost.com/clima...s-responsible/

https://www.marketscreener.com/quote...-4819/company/

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10366702/

[bennymac]

own BTC but criticize it = “fucking idiot”

own gold/stocks but criticize it = that’s all good