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bitcoins

asdfghwy said:
there is blockchain technology that looks viable in commercial and enterprise applications
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absolutely. and it will almost certainly be implemented en masse...

only by the will of central banks and the global oligarchy they serve.

they will issue a crypto currency soon enough. and I highly doubt any competitors will be allowed.
 
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afm199 said:
Great vid, thanks. Some things I never thought of and really right. Who do you talk to if there's a mistake? I buy through Paypal, but it's a joke for me. I have no desire to put actual investment money in blockchain currency beyond a tiny sum.

And the point about the size of the ledger, wow!
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:thumbup
Ya def some stuff that never crossed my mind either.
 
ScarySpikes said:
Just to clarify.

One of the most wealthy people in the world got a slap on the wrist punishment for stock manipulation a couple of years ago (something that was a long time coming, Elon Musk is really only good at being a conman and a crook), so instead of risking more severe wrist slaps, he moved into the 'wild west' market of cryptocurrency where blatant manipulation is allowed, because for some reason we have not put any common sense regulations in place on cryptocurrency despite it being, at this point, a 1.7 trillion dollar market.
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Musk and dump round 75894321675903

Diamond hands :laughing

He won't get the same momentum as so many newbs lost out on their stimulus money :teeth
 
kingmoochr said:
Only lost if they sold...
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DcbmEtTWkAAOYLC-656x309-1.jpeg


crypto is a risk asset at best, and a ponzi scheme at worst.
 
jiffy said:
The more you pay attention to all markets, they resemble your remark.
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Absolutely. So, best to opt for something tangible. Something universally recognized and desired. Something historically relevant. Something that requires actual human effort and high cost to procure. Something that every central bank around the world holds in substantial reserves. Something with zero counter-party risk.

I am pretty sure cryptos as we currently know them will not be standing when this Ponzi Everything-Bubble shrieks and shudders to a halt. Whether globally unified or sovereign-specific, expect to see some type of fiat cryptocurrency that everyone will be expected to adopt.
 
JesasaurusRex said:
be happy to hear counter arguments
can just post a vid for all i care
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Not a counter to that video but some info that highlights why Bitcoin has value


Growing up in Nigeria, I see #Bitcoin with a different lens than you do if you grew up in the US for example.

Thank God for #Bitcoin
https://twitter.com/bernard_parah/status/1395406963870081024?s=20

Ari Paul has a Wall Street perspective on Bitcoin. I find his insights intelligent and not extremist.
https://youtu.be/aVUqXuIcpZ4


A longer video, they discuss the history of Bitcoins value vs other assets. The idea behind the video is how to take profits off of any scarce asset without actually selling the asset.
https://youtu.be/OvAEQhbuvMI
 
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Climber said:
Bitcoin at $35k.
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What goes up must come down, only to rise again from the ashes like a Phoenix soaring to ever greater heights. Only to crash again, thus continuing the never ending cycle of death and rebirth until the universe dies the cold death.
 
UDRider said:
What goes up must come down, only to rise again from the ashes like a Phoenix soaring to ever greater heights. Only to crash again, thus continuing the never ending cycle of death and rebirth until the universe dies the cold death.
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Will probably go into hibernation for a year until they can find a new set of suckersinvestor's. :laughing
 
Climber said:
Will probably go into hibernation for a year until they can find a new set of suckersinvestor's. :laughing
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Easy to say, but when you notice most of the investors of late have been hedge funds, institutions, and big names in the industry it might make you rethink who the sucker is.
 
jiffy said:
Easy to say, but when you notice most of the investors of late have been hedge funds, institutions, and big names in the industry it might make you rethink who the sucker is.
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All those hedge funds institutions and big names aren't even able to beat the stock market reliably, why would we think they are any better at investing in crypto?
 
Isn’t he the guy who for years has been predicting the DOW would match the price of one oz of gold. Who 15 years ago was touting $5000/oz gold and something like $200/oz silver, plus hyperinflation.
Hadn’t listened to anything from him in over a decade. The folks who have followed his advice must be pissed by now.
 
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