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Old 09-19-2020, 11:47 PM   #37576
ThrowingRocks
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Re: Bitcoins - digital currency

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Originally Posted by omar coming View Post
Holy **** this post gave me AIDS. Andreas is the best ambassador Bitcoin has.

This is interaction on Twitter that prompted millions in donations: https://twitter.com/aantonop/status/938147200978374662

In no way, shape or form could this be seen as "crying about having zero bitcoin". Every day this thread manages to find a new low.
ahhh so he did the responsible thing and shilled his magic beans, as he sold them to feed his family. Read Roger Vers tweet, 300$ bucks would have made him a millionare..... Like I said clown was a larper. I sorry you got fooled, but the proof is right there, you're in denial bud.
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Old 09-20-2020, 12:19 AM   #37577
ThrowingRocks
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Re: Bitcoins - digital currency

At no point does he decide that it was irresponsible to shill magic beans, without or with little pay, and wind up not having any when they start sprout off the ground. Just because they sprouted however does not mean they are magic beans.
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Old 09-20-2020, 02:22 AM   #37578
Montrealcorp
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Re: Bitcoins - digital currency

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Originally Posted by johnnyBuz View Post
Because the digitization of everything is taking place at breakneck pace and it's absurd to think the internet won't have a digital native currency. The reason it will be Bitcoin is because it was the first to solve digital scarcity which gives it an insurmountable moat versus competitors. The race is already over which is evident by the hash rate dedicated to it and being the most fairly distributed / decentralized.
Well you need to be pretty sure you are right when you pay so much for it .....
I just bough a little as speculation but I’ll never be so confident that bitcoin wins that race ....

If you give me now 10k and I need to chose between bitcoin or any precious metal , personally bitcoin will be my last choice if I need to take a large position ....

But like I said , i know nothing about bitcoin and I might be wrong but for now , if I think like that , well I assume ( wrongly maybe ? ) that I fit the regular mass and they probably have some feeling that ressemble mine , shrug .

Regardless I Will look into it cause the way I perceive those that knows about it seem excited .
Always fun to learn new stuff .

Last edited by Montrealcorp; 09-20-2020 at 02:31 AM.
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Old 09-20-2020, 11:26 AM   #37579
ThrowingRocks
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Re: Bitcoins - digital currency

silly rabbit scarcity by human design is not the same as scarcity by the laws of physics and nature.

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Old 09-20-2020, 06:19 PM   #37580
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Re: Bitcoins - digital currency

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Originally Posted by ThrowingRocks View Post
silly rabbit scarcity by human design is not the same as scarcity by the laws of physics and nature.

nice image
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Old 09-20-2020, 08:50 PM   #37581
MSchu18
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Re: Bitcoins - digital currency

Bitcoin ETF's are here...
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Old Yesterday, 03:40 PM   #37582
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Re: Bitcoins - digital currency

Market dumps
Risk assets dump
Silver and gold dump
Bitcoin dumps with it

Bitcoin continuing to prove it's a market-linked risk asset rather than a hedge.
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Old Yesterday, 03:55 PM   #37583
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Re: Bitcoins - digital currency

Tooth calling top. Let's see what happens next.
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Old Yesterday, 05:14 PM   #37584
MSchu18
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Re: Bitcoins - digital currency

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Originally Posted by ToothSayer View Post
Market dumps
Risk assets dump
Silver and gold dump
Bitcoin dumps with it

Bitcoin continuing to prove it's a market-linked risk asset rather than a hedge.
I wouldnt call this 'proof'... that's akin to be results oriented in poker.
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Old Yesterday, 06:04 PM   #37585
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Re: Bitcoins - digital currency

One data point isn't proof. It's a very strong correlation which I said would be true long before it happened (with corona crash). People actually thought you could the market/inflation/economic collapse with bitcoin...it will actually do worse in these scenarios.

housenuts,
Not calling a top.
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Old Yesterday, 07:27 PM   #37586
Irieguy
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Re: Bitcoins - digital currency

What would be an example of an asset that would do well during market/inflation/economic collapse?
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Old Yesterday, 08:03 PM   #37587
Montrealcorp
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Re: Bitcoins - digital currency

Gold and probably any other kind of commodities at a lesser return imho
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Old Yesterday, 08:47 PM   #37588
de captain
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Re: Bitcoins - digital currency

Real estate
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Old Yesterday, 10:36 PM   #37589
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Re: Bitcoins - digital currency

Real estate as in 'still losing but way better than other investment vehicles' or 'the economy collapsed but my block is blowing up with crazy new home sale prices'?

Not too sure you'll see the later in an economic collapse scenario. I feel that there will be excellent buying opportunities within real estate in the ashes of an economic collapse however.

Last edited by GoDeViLs; Yesterday at 10:41 PM. Reason: anti-inflationary yes that is good argument
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Old Yesterday, 11:48 PM   #37590
case3
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Re: Bitcoins - digital currency

The bigger it gets, the more it must be correlated with the market, this is a simple starting principle. I still think underlying BTC market miss-structure forces are more than strong enough to decouple things when a break occurs. If it can no longer break away, things will really have matured, and the value of BTC as a trading vehicle will move to an all time low.
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