87k and blasting right now lfg

Looks like I sold some miners a little bitty too early lol…

89k !

WTF? BTC is literally the opposite of a hard asset.

Bitcoin has been called many different things, but I don't think I've ever seen someone call it a soft liability.

You should learn what the definition of 'Hard' means in financial terms...
Your assumption is that hard means 'physical'... that is not the correct definition.
Hard means 'not part of the currency system'... as in 'insulated from'.
Money, as in fungible, is a hard asset... currency is not hard because it is subject to manipulation and dilution.

You would know this if you began looking at 'things' Denominated in Satoshi's as opposed to USD or any other currency. When you do this, you can clearly see that nearly all assets will trend towards zero, especially currencies... and this is why Bitcoin is so powerful.

ddmullet02 just got that street mentality is all. 'If I can't hold it in my hand, it ain't real, ya know what I'm saying cuz.'

Market is way overheated right now.

Plz keep going, but this has to be a good spot to take profits.

Also housenuts, serious question, are you a billionaire now?

There were random billionaires itt right?

No. But I wouldn't tell you if I was. But I'm not.

sure, pal

guess i can see different interpretations of 'hard asset' if you weight more toward one than the other, but i've always viewed the term more as physically tangible assets

Think of "hard" in this context as "hard to debase" or "impregnable to debasement."

Here's a short speech that Erik Voorhees gave 6 years ago that succinctly makes the case for Bitcoin being the hardest money ever created (and therefore rational actors are likely to gravitate to it over time; that's the fundamental investment thesis):

We flippin silver and ****.

Michael Saylor, cofounder and former CEO of MicroStrategy, whose company has accumulated nearly 280,000 BTC to date, was asked a similar question: What's your exit strategy? His answer: "Bitcoin is the exit strategy." In his view, it’s the apex commodity, so why would he ever sell it?

He likens Bitcoin to Manhattan real estate: If you had been able to buy a block of Manhattan real estate in 1776, when would have been the right time to sell? What if you had bought that block in 1876? Or in 1976? The answer is always never. Manhattan real estate developers have been "buying the top" for 300 years, and he plans to do the same with Bitcoin.

That is the Bitcoin maximalist view.

Hodling Bitcoin gives you peace of mind. Collect the yield forever.

I'm thinking BTC is showing TSLA the way forward

think of it as the energy required to produce it. the Bitcoin mining industry is a multi-billion dollar industry that expends a vast amount of physical resources to produce a block and receive the intangible asset of Bitcoin as the reward.

“hard assets” have some level of scarcity associated with them and are generally uncorrelated with financial markets.

gold, unique real estate, famous artwork = hard assets and natural inflation hedges, but inferior to Bitcoin due to their limitations regarding confiscation, storage/portability and/or insurance.

everything in life is moving from analog -> digital which made the “discovery” of the internet of money and digital scarcity a one-time phenomenon. as Saylor says, “there is no second best.”

Well if that was all true it would mean the only thing where a human created something that evolution couldn’t do nothing about it was named bitcoin ?

Pretty big statement .
I’m bullish but I guess I’m not a maximalist.

One of these needs to be better than the other.

Just absolutely ripped through 90, then straight to the cusp of 91 before resistance, then straight through 91 to the cusp of 92.


I, for one, just want to say "STOP! PLEASE! GO DOWN!"

Is this why? Even if not, legit jealous of holders living in the USA.

$100k < 10% away... Closing in on 2 Trillion Dollar Market Cap

I mean... it could even be by the end of the day

And DOWN goes 92.