Nah still early

Very early 1m 4 btc soon

I had pretty much the same objection from 2014 - early this year. You should think about the inherent vs market value of gold, what qualities account for that difference, which of those qualities bitcoin has/lacks/is better at/worse at. That's a good starting point.

It was suggested in this comment, which is from whom I asked the question.

It's funny to me that even the biggest proponents of bitcoin don't seem to grasp what bitcoin is. It's not an investment, it's not worth anything of itself, and it's not a currency either (in any meaningful sense).

Yes, you don't value a currency, you price it. Depending on the situation you can do that up to 3-6 months in advance. Longer time frames usually don't make much sense.

Too late to ask that question as everybody got rich already

At best , bitcoin might become a secondary monetary system , having to compete vs a large array of other present crypto currencies , future apparition of crypto currency , futur digital central bank currencies , future government regulations , etc...

It got a long way to go to be as good as something like gold which is at the base of every monetary system of the world for thousand of years ...
And that is without saying , all governments around the world would gladly accept to lose their power , freely, of controlling and creating money !.

All of of this for a confidence process of exchanging value over the Internet based on a bunch of 0&1....

I admire the vision of it .

And that is without saying , get rid the possibility of getting a return of 10-20X ,
Would the same inflow remain constant and would last for decades to keep it up once it reach a certain level when the return of money is near 0X while you would get great return elsewhere?

This development of bitcoin value is far from being linear and constant imo .
I mean , can you really have a better environment than now for bitcoin , with no inflation , almost everything is already in a bubble , no monetary return for too much debt in the system , etc ...

If bitcoin don’t take off very fast in a near future , I doubt it’s possibility of profits remains high for ever .

And that doesn’t bother you ?

Bitcoin is a digital asset amigo. The upside is HUGE, only investment that's ever existed where you can get in EARLY and risk is not inherent because you will always have 1 BTC

Either you hop on this train or were going to run circles around you until your broke so get with the times bro it's digital age

Do some research, look into it.

What's funny to me is people like you who are years behind the times and think the best way to educate themselves on bitcoin is to post on 2+2 forums.

I guess maybe that's why your years behind.

He is leaving you in the dust, riding the behind of his digital my little pony. Stay Woke

No worry I already have some .
I was speaking about that when something goes up too fast , it never last without huge correction usually as well .
And that is without saying all the possible money laundry I guess that could destabilize the value for long period of times .

A bunch of people ITT who have thought about bitcoin for a few days and found out that all the institutions are wrong and they are right.

Montreal,

Lol like you have any clue of its potential or lack thereof. Again the arrogance you give your own thoughts / position is incredible considering your inability to understand basic concepts.

Remember when you said you were going to take a break from this thread.

Well is seems you're back asking the same questions while giving us your stream of consciousness You don't seem to understand basic EV so its hard to imagine you can understand what makes bitcoin so interesting. You literally didn't understand how inflation would help bitcoin...

Think more post less.

All the institutions?

These guys are so thinned skinned, going to be hilarious when they get flayed.

Damn dude brilliant question. I bet no one in this thread has ever asked that or considered it. Took only 39,258 posts for us to defeat bitcoin.

Shut it down guys. No inherent value. Ponzi wave complete.

Lol at asking this question while claiming to own it...

Remember when TR said Bitcoin added paypal... That about sums up the quality of his knowledge and discourse.

even people with bigger brains than Pony Riders feel fomo

This thread is what got me interested in Bitcoin. I started listening to the Unchained Podcasts which made me even more interested in Bitcoin. I recommend for anyone just starting to learn.

remember when you guys where suppose to bank the unbanked and shut down paypal and Visa.......

LOL LOL LOL

Lol you have no clue or understanding about BTC. You can make a good bull or bear case if you have knowledge. However you don't have the ability to do either as you don't understand the basic properties it contains. Hence why you thought BTC added paypal, that comment gives away how little you know and why your opinions aren't worth listening to.

Much like TS talking out his ass about fees, you both prove you have no idea what you're claiming to disparage making your views as valuable as XRP. Gl with your shiny rock.

Please link me to where I thought Bitcoin added paypal LOL, you stupid idiots keep making things up LOL

That comment gives away how little you think I know, to how much I actually know. Thx for playing cupcake

Teaming up... the fact that you said this terms gives away how little you understand.

Last time responding as this proves how dishonest you are. Bitcoin and PP teaming up lol. GG cupcake

apologies to everyone in this thread for responding to TR. It won't happen again.

Lol here is the PM he just sent me

subject line:

Re: yo dumbass who makes up random **** to fit his narrative

Quote:

Originally Posted by ThrowingRocks

I'll be waiting for evidence that I thought Bitcoin added Paypal. Or do you want to admit that you're wrong dumbass

You clearly taking that out context. You know very well I said that because you guys were suppose to bankrupt Visa and Paypal. Now you guys spam the news feed that Paypal lets users buy bitcoin, a essentially teaming up. Kinda like you guys wanted to team up with Portnoy!

Not only did you take it out context but you also used it to make me seem more foolish than any old bear, freaking hilarious. Shady as ****

Are you actually so stupid that you actually think I think Bitcoin added paypal?

Currencies have no price beyond what their relation to something else. To ask 'what is the price of 1 US dollar' is a non-sequitur. It's of course, 1 US dollar. To ask 'what is the price of 1 bitcoin in US dollars' makes sense, because you're comparing the two.

For products and services, their values are stateable beyond what they cost. For example, a hamburger might cost $5 US dollars, but it has value of itself beyond the money you can pay me for it. Currencies are both priceless and valueless on their own---they're simple methods of exchange.

No one gives a **** what bitcoin is worth beyond how many US dollars someone else will give you for it. And that's a big problem for anyone who thinks it's actually worth anything.