not your keys, not your coins

No one is 'speculating' on btc... they parking hard assests/fiat there because it IS a store of value that has potential to outperform any other current market.

Words to live by!
Anything less than keys in your hands makes you a staker for someone else.

Even though I can stake any of my crypto, I only choose to stake dot at this time.

Yeah I'm actually very wrong:
That's surprising. Probably still bad news for a selloff however.

After this next cycle I will be converting my Roth IRA to a Self-Directed Roth IRA at which point I can own my keys again.

As it stands, I was able to load up the Roth at sub-$5000 in March and have no interest in touching it for the time being.

Some dude just put all his $$$ into bitcoin and plans to HODL for the next 100 years lol. Talk about conviction. He believes bitcoin is a store of value and out of all the store of values I'd argue bitcoin being the smallest has the most to gain!

Surprised the sharps in here didn't bring this guy up, he bought like $450 million lol.

Yeah, bitcoin is a ponzi........TS the biggest joke in the thread!

Not 'some dude', a publicly listed company.

1. People who think Bitcoin won't be able to scale lack creativity. There will be so many different type ways to solve this, most of them not even invented.

2. This is probably very disappointing to TS but Michael Saylor won't be buying coffee on-chain.

3. He's setting the stage for other public companies to follow. It's such a perfect storm for a tsunami of public market liquidity coming in to the network. I think buying Bitcoin right now is one of the most derisked bets in it's own history. A lot of fringe risk has either disappeared or diminished and current infrastructure is just massive. Bitcoin gets stronger every single day.

Holy **** what a time to be alive.

CoolTimer,
People who think it can be solved using bitcoin's basic model lack intelligence and a basic knowledge of how tradeoffs work in computer science.

As for your other comment, it's the people who think that something far better than bitcoin won't come along that lack creativity. They can only see MySpace dominance (it's #1 and will stay that way!") and not imagine how Facebook will disrupt it and take over. This lack of creativity and foresight is even more hilarious given bitcoin's multiple massive flaws.
You literally just put forward a pure ponzi bull case:

"Guys, people are buying in after me! You should buy now because people will keep buying further along in the pyramid and give you big returns!"

Then claimed it's not a ponzi. I'm laughing right now.

MicroStrategy stonk is effectively becoming a Bitcoin ETF. At some point the regulators will step in.

This just doesn't make sense. Who the **** is paying 42% interest to borrow stablecoins.

It's almost like its a trap by the stable coins. Tether/bitfinex is still under scrutiny by New York. It the house of cards were about to fall, what would be the best way to get people to load up on tether before hand? Offer 40% interest on it?

Obv massive speculation there, just trying to figure out how this is possible.

On a side note. Many years ago, ETH lending rates skyrocketed on bitfinex. Rates were unheard of. Eth was about to hardfork because of the dao "hack". "Nobody" anticipated ETC would even be a thing. Well bitfinex went and ****ed all the lenders of eth. They let the borrowers of the eth at the time, keep the ****ing etc. It defied all common sense that for instance, etc was a dividend and therefore is ****ing paid back.

All exchanges have now switched that the forks of coins are paid back to the lender. The point is, the interest rates seemed weird and they were weird for a reason. Someone was about to get ripped off.

Lol, obv that's how ponzi's work but instead of crying it's a ponzi, you can't even prove it is 1.

All assets are ponzi like, you buy and hope to sell higher to somebody who buys it later than you! Doesn't mean they are ponzi's!

I think what's very evident is that you just CANT/WONT accept that bitcoin is valuable and that it's value proposition is only growing. Obviously if you think like that then you would come to the conclusion that it's a ponzi and nothing more!

https://twitter.com/michael_saylor/s...40165160656897 What a stud, guy put all his money from his company into Bitcoin, that's just insane!

POS coins will most likely take over as the best store of value. Even if their inflation rate is higher then BTC, if you stake, inflation is essentially 0 or even negative.

I see all kinds of articles about so and so investing $100 million in bitcoin mining. That money instantly flies right out the door to chip companies and electricity.

Now imagine if all those companies were investing $100 million in ETH staking? That money goes into the pockets of ETH holders.

I think you misunderstand how investing works at a basic level. People invest in stocks and bonds hoping to get dividends or interest. Which you can use to buy more stock, which grows over time. The value doesn’t exclusively come from selling it at a higher price to some other guy.

When you’re buying silver or Bitcoins or Beanie Babies or 2000-era dotcom stocks, you’re not investing in a company that does business and returns a profit, you’re speculating that the price will be higher at some time in the future.

Everybody that's long here reads all the news. I'm sure others already brought it up in addition to I.

Yah I guess we should just take your word for it over this guy...

Sadly he lost his billionaire status but he's well on his way one the stock adjusts over the coming years.

guys bitcoin isn't the best investment use your btc money and get gold and silver

So we're supposed to take this guy's interest as meaning something, but the vast majority of rich people who've looked at bitcoin and said "do not want" aren't evidence against? Seems a little selection biased.

The thing is, every major piece of ****, ponzi and fraud in the history of the world has had rich, highly successful people in it. Theranos, not even a clever fraud, had plenty of billionaires in it, far richer than this clown (Larry Ellison for example). Most of Wall Street was behind Enron and Valeant. The smartest in New York invested with a straight up $40 billion purely ridiculous ponzi via Bernie Madoff. So rich people's interest means precisely zero for the non-ponzi status and viability of an asset.

On the other side, we have highly experienced and respected people like Buffett and Munger call bitcoin "deeply flaky" and "rat poison".

In the end you have to look at something's fundamentals, and bitcoin's fundamentals suck more than MySpace did before Facebook came along.

I actually have gold and silver from 15 years ago. A few years back I tried to buy some BTC with it. Nobody accepted gold or silver. However, you can buy gold or silver in a flash with BTC from pretty much every major precious metal dealer. That is why BTC will crush gold and silver. It's actually used as money.

Take over? I love Ethereum and I love what they are creating, I think Defi is really going to explode over the coming years. Bitcoin was meant to bank the unbanked and create what Eth has done but Eth has done all the work.

I really like how you can stake erc20 coins for very decent returns.

With that said I'm not sure Bitcoin will die off it's still the biggest and people with a 10's of millions+ aren't keen on putting it in some ERC20 token when that blockchain is only a few billion and relatively untested, therefore I do think it will still do very well, especially as people start to believe in it and park their money in it.

As more and more do this, it creates big, massive floors of stability, the rug pull that TS dreams of, the pyramid that eventually collapses, is just never going to happen, because A. bitcoin isn't a fraudulent company and B. if people simply keep adding money to it, it will simply keep growing.

This is key, adoption, as more people "believe" it will hold value and even increase in value, more people will simply trust it and as a result store money in it. A beautiful self fulfilling prophecy.

Jack also thinking about parking some of that $10b of cash from twitter, you'd think this might start some snowball effect, I think it will, people are slow to act, especially older people who don't like change but holding $$ is risky, especially in times like these, they will buy bitcoin or slowly see their $$ evaporate over time.

like u said in the past but times are going to be different now.

Also highly biased, Buffet owned Billions of banking stocks, which he has now sold. What's funny is he has now bought gold, while also stating in the past that gold was crap.

Even funnier the guy missed out on the dot.com bubble and he doesn't invest in things he knows nothing about.

Funny that Buffet, who knows nothing about technology, is somehow the guy that has an opinion on Bitcoin, he is the guy that did his homework on Bitcoin and Bitcoin alone, doesn't study any other tech, Apple, Google nothing, no tech stocks ever but but but, Bitcoin, he knows bro, he has tech knowledge of Bitcoin, doesn't this seem odd?

The guy with 0, and I do mean 0 tech knowledge, can voice an opinion on something so intricate as Bitcoin? Call me crazy but perhaps old Buffet is dirty vile ****?

You being the sheep you are, you just believe it, not really thinking it trough at all, typically braindead sheep!

You sound like someone caught in a cult that you're way too emotionally invested in. Attack anyone who attacks the true love of your life (bitcoin), and call them a "vile ****" for no good reason at all.

That's some projection there. In reality, for the reasons previously well stated, I don't care much what any individual thinks or does, I think for myself. You're the guy getting hyper excited about a single rich guy investing in your shitcoin, like an insecure sheep cult member wanting some validation.

Took off 25% of my position at 10900 and tempted to unload more... just not seeing too much to be excited about right now in the short term in the charts or from a growth standpoint imo. MicroStrategy news was cool but don't think it moves the needle much. Expecting 10k support to be retested in the coming days/weeks. BTC bulls should have a plan for scenarios where it starts to look like the 4-year cycle/S2F charts are not going to be validated... I certainly think this is a possibility given current macro climate.

1 guy is an MIT computer literate stud, the other is a fat swiney coca cola loving dud, who knows nothing about computers.

You do really make it tough on us TS

Also, I wonder if you can spot all the contradictory drivel you write, I know you can't because you can't see further than your own nose!