Show me your non-faked 1yr and 5yr+ receipts and I'll give you respect for putting your neck out.

0.1 here we come

Yes pls so I can stop bagholding this eth sht

Best investment opportunity given past results or in the future? If it’s former, while nobody can argue that $10 or whatever to $40k in 10 years is unbeatable, how many people have actually held and realized that ROI?
Average investor in 2011 sure got way worse returns in NASDAQ(only 7-8x or so) but still did better overall since they never had to worry about getting hacked, fomoing into shitcoins, panic selling, timing the market, losing their passwords etc.

Most people I know IRL who got early in crypto, say 5 years ago, obviously did good, but it’s always way less than Bitcoin in 2016 $400 -> Bitcoin in 2021 $40k easy math, 100x on your money. Everyone always ****s up at some point.

narrator: a lot of people began selling

Interesting take! what about this: for every buyer there is a seller.

We had a 300B$ selloff, just curious what your take is on the redistribution fase of those coins after they flooded the market. What type of redistribution would be ideal and how would this be reflected in the short term price.

I mean it's the best money we ever created

If you think the best money is worth a few billions in market cap, gl with your other investments.

Btw I am out of fiat since the low 30s and lowered my average a lot, I'm starting to cumulate fiat again and I'll be loading up on cheap S9 miners if the infrastructure bill pass. This is what entering fight stage looks like, brace yourself.

So it’s money again, not an investment? Will there ever be a consensus on what it is, or just jiggling investment-currency-digital gold-hegde against inflation whenever it fits the narrative? It can’t be all of it at the same time.

How did you lower your average by buying it at over 30k? It’s been around for 10 years, why did you wait for it to go so high if it’s indeed the best money we ever created?

Few billions in market cap? It’s at almost 750b now, how is that a few?

I was neutral/tought it was a ponzi and didn't put the hours in to understand it. Was lurking this thread since the early days but only got interested in it in 2021 sadly. Covid really made me question our governance system, from there you can question everything, from capitalism to democracy to money.

All these people fighting capitalism don't understand the problem is much deeper.. the problem is the current money. Let the market run free is no longer a thing, but offer and demand is a strong force, it's just as strong as gravity. Our governance can only hold this whole farce together for so long.

Your (attempted) distinction is interesting. What exactly is money? Is it debt, gold, USD, BTC?

IMO, investments should show return (or at least be capable to). $100 is not an investment, but if you lend it out and earn interest + the return of your principal, you could call that an investment..

You can speculate / trade with assets, like silver and BTC. Holding USD is a position...the opportunity cost of holding the SPX for instance.

I am not trying to play word games, just saying, it is complicated. Further it really is revolutionary. I think one would expect it to be difficult to pigeon hole something so revolutionary into a single category.

What was electricity to Benjamin Franklin?

Honestly, I don’t know what it is, it changes all the time. But me not knowing what it is is not an issue, people yoloing into it or as they eloquently say it, moving out of fiat, and still can’t explain what it does is ludicrous to me.

Same when its supposed to fight oppressive governments but it’s celebrated when El Salvadors oppressive governments announces btc adoption. Wtf? Seems to me it could be anything, as long as price goes up, people don’t care.

Bitcoin is money. The fact that a lot of ppl don't understand this doesn't change what Bitcoin is.

#bitcoin is digital real estate

it IS fungible...

What most people do not understand is what constitutes 'money'... a lot of people conflate currency and money.

And for some reason you believe it has to be one or the other, but not both. Bitcoin is BOTH.

What bitcoin does is make it immensely easier to move funds on/off poker sites for me personally.

+1

Bitcoin is power, literally power or figuratively so both

Well, that finally explains why is it worth $750b. Thanks!

That’s one reason, many more reasons

Made it easier, well not easier - had no choice, back in late 2016 when it was $650-700 or so I used it to deposit a couple thousand on Bovada. After about a month I was winning maybe 15-20% of that thinking it’s not that bad only to realize btc was already over a thousand and I would’ve had profited more by just holding and not playing at all.

So now we have a currency that everyone that ever spent it on anything regrets spending it. Very useful.

Not purely fungible, some bitcoins have history you’d rather not be associated with, also I believe some funds are looking at only buying bitcoins mines with renewable energy. Both of these examples show that a subset of all bitcoins can have distinct properties that are unique and affect fungibility. But generally speaking I agree with your point.


Sent from my iPhone using Tapatalk

Then learn ur lesson don’t sell ur btc, use ur fiat. Also that’s the point of investing in btc cuz it goes up.

Agreed

Hey everyone, I haven't been here for awhile and haven't read everything from last time, but wanted to say that I have a BlockFi credit card and it is pretty cool. Long term 1.5% cash back. No annual fee or foreign transaction fee. Obviously, it isn't the best card out there, but it does cash back in Bitcoin and it looks cool, so I've added it to my collection of credit cards.

The package that the card was mailed in was aesthetically well done.