I have been in this State for 30 years and I am willing to admit that I am part of the problem.
"Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"
I like Bitcoin, I even read the white paper on it back in like 09. I even made a bit of money on it over the years when it bounced around between 5k and 15k. And it was a major impetus for me to buy Nvidia stock in the mid teens. I wish I would have hung on to all the Nvidia I had bought instead of diversifying over time. All that said, when the Trump starts running around talking about what a great investment someone is, it is time to get the fuck out. Those guys will take this great opportunity to make the USA the leader in crypto to gladly fuck everyone in the ass.
Those guys are crooks. Be wary. Because by the time you realize the jig is up, Trump and his friends will be laughing.
Eric Trump Promises the ‘Most Pro-Crypto President’ in History https://www.nytimes.com/2024/12/10/u...-android-share
sigless.
Simple question for my simple mind. What value does bitcoin have?
Seeker of Truth. Dispenser of Wisdom. Protector of the Weak. Avenger of Evil.
Jfc
Why don't you tell us all what your definition of money is
BTC isn’t hard money. It isn’t even money.Originally Posted by stalefish[emoji639
Unit of account- not meaningfully- things are priced in dollars and BTC is exchanged to transact.
Store of value- no- you’re actually disincentivized to transact in it relative to dollars (line goes up!)
Medium of exchange- not in any meaningful or efficient manner
BTC does not exhibit price stability- it has annualized volatility north of 50% vs the dollar’s single digit vol.
It is not fungible. Transaction costs are still crazy and it’s dependent on conversion to USD or some other third party setup to transact, which eliminates all the benefits of the decentralized system that it is hyped up for being.
It is barely portable without access to a network and keys.
This pissing match would not exist in a bear market. There is a fundamental gap in some peoples' heads about "being right" and making money. The choice is theirs and I don't bother myself with it.
Is it radix panax notoginseng? - splat
This is like hanging yourself but the rope breaks. - DTM
Dude Listen to mtm. He's a marriage counselor at burning man. - subtle plague
How you claim to be right when you don’t even understand the arguments is hysterical.Originally Posted by stalefish[emoji639
Carter may be comfy but he ain't that comfy
Well it's great to see everyone getting along
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