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bitcoins

panthera said:
Bitcoin folk see it completely different. If we lost 100 btc then and got back 100 today, we broke even. This is why I don't care what price it's at. I have some extra cash, I buy bitcoin. We think in a bitcoin standard.
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Do you recognize that this thinking comes across as a little cultish to people who are not as involved in crypto as you?
 
Same can be said for sports, motorcycling, or anything else to people not into those things. It is my belief that you all will change your minds in time.
This will be a big year for bitcoin. The stuff happening at an institutional level is astounding to me. Never did I think adoption would be happening this quickly from the traditional markets.
I get some of you don't understand what's going on. We all are on our own path. This is mine.
 
Hahahaha. Are you stuck in 2013. Look up corporate treasuries that own btc. Look at publicly traded companies working on and integrating bitcoin into their platforms. There is so much more going on than you are aware of obviously. I mention these two things but I could list 50 more. Again I'm not here to spoon feed anyone. Nor do I care if you believe. You will hopefully understand before it's too late.
 
panthera said:
Hahahaha. Are you stuck in 2013. Look up corporate treasuries that own btc. Look at publicly traded companies working on and integrating bitcoin into their platforms. There is so much more going on than you are aware of obviously. I mention these two things but I could list 50 more. Again I'm not here to spoon feed anyone. Nor do I care if you believe. You will hopefully understand before it's too late.
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For someone who doesn't care if people believe and doesn't have a spoon, you sure spend a lot of time trying to get people to believe and shoving mashed peas down their throats with some sort of shiny utensil.
 
JesasaurusRex said:
There's been close to 0 adoption though..
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This is accurate. Bitcoiners would have you believe that holding bitcoin is adoption, or that VCs throwing money at random moonshot projects then cashing out is adoption. The reality is that it is a highly volatile asset with high transaction fees.

But I agree with what panthera wrote earlier about 1BTC = 1BTC.

It's unfair to always try to price BTC in dollars because BTC isn't really backed by the dollar, it's backed mostly by tether, so it makes more sense to price it in USDT, and I'm honestly not convinced that 1 USD = 1 USDT.
 
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panthera said:
Trolls will be trolls.
For those genuinely interested, Blackrock is the world's largest asset manager with 10 trillion in assets. They will be entering the space and allowing their clients access to trading. They will also create their own trading desk.
Article https://www.coindesk.com/business/2022/02/09/blackrock-planning-to-offer-crypto-trading-sources-say/

I'm not going to debate anyone. I will continue to post up information I find useful.
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This makes sense. Blackrock makes money on the way up and on the way down here.
 
mrzuzzo said:
This is accurate. Bitcoiners would have you believe that holding bitcoin is adoption, or that VCs throwing money at random moonshot projects then cashing out is adoption. The reality is that it is a highly volatile asset with high transaction fees.
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maybe I'm misunderstanding the utility of bitcoin. Its utilities are as a means of payment, and a store of value.

If someone buys something with bitcoin, it has been adopted. Whether it be a pizza, weed, a Tesla or basketball tickets.

If someone mines bitcoin, it has been adopted. There are several publicly-traded companies mining bitcoin. There is an ETF (Valkyrie) that holds many of the bitcoin mining co's. https://www.coindesk.com/business/2...ullish-on-green-firms-as-fund-begins-trading/

If someone creates a new bitcoin wallet and funds it, it has been adopted. We're up to the high 10s of millions of wallets now, which includes millions of Americans: https://explodingtopics.com/blog/blockchain-stats

Is there some other means of adoption that bitcoin must achieve before it has been considered adopted?
 
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JesasaurusRex said:
There's been close to 0 adoption though..
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Pro athletes are working bitcoin into contracts
People buying houses with it
Cars
banks are on the verge on bringing it on

you can purchase bitcoin on a lot of platforms now compared to 3 years ago.

not sure how you would even consider those things ZERO adoption??? But lets go with what you're saying.... with almost no adoption the price sits at $40K.... with even just a little bit of adoption could you imagine the wave you miss out on.

Just saying.

I've seen my account go to the moon and then come crashing down into the deep blue sea and way up to moon again ... right now its slowly deflating but I'm still WAYYYYY up. Honestly its only has what I'm willing to lose should it just fail and be a fraud. but I'm def one to believe its going to only get bigger and bigger and in that case I'll be in the game.
 
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panthera said:
Trolls will be trolls.
For those genuinely interested, Blackrock is the world's largest asset manager with 10 trillion in assets. They will be entering the space and allowing their clients access to trading. They will also create their own trading desk.
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For those genuinely interested, Blackrock (along with a couple other uber orgs of the elite class) is also the biggest culprit pricing 90% of Americans out of the housing market - driving home prices beyond the stratosphere over the last few years by buying up all the inventory of homes across the country (to create a nation of renters) and forcing home buyers to pay mega premiums over asking price IF their offers are even accepted.

All the chickens I've been talking about for years are coming home to roost.

Good luck with your digital assets. They will be worth nothing when the electricity is out, or when the system is "hacked", or both.
 
redruM said:
All the chickens I've been talking about for years are coming home to roost.

Good luck with your digital assets. They will be worth nothing when the electricity is out, or when the system is "hacked", or both.
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Yeah good luck too you with no digital assets. You will change your tune someday but I guess its the same old tired shit from you for now. Btw how's war as a use case. Its working. Undeniably. Were are these chickens you speak of? I dont see any.
I just continue to build. I dont pay much attention to the shit show happening because if shit falls apart, I will be in the same boat as everyone else. If it does not, I will have built things and be better off than those who did nothing. The Center is almost complete. Life is wonderful.
 
sidewazzz said:
Pro athletes are working bitcoin into contracts
People buying houses with it
Cars
banks are on the verge on bringing it on

you can purchase bitcoin on a lot of platforms now compared to 3 years ago.

not sure how you would even consider those things ZERO adoption??? But lets go with what you're saying.... with almost no adoption the price sits at $40K.... with even just a little bit of adoption could you imagine the wave you miss out on.
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When you take away the handful of transactions that are geared more towards generating PR than anything else, it's essentially zero. BTC is a pig of currency and a huge step backwards as an enabler of commerce. It's been around for 10+ years now; aside from being a mechanism to gamble/trade, what exactly has it improved for the regular person? Nothing.
 
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Bowling4Bikes said:
maybe I'm misunderstanding the utility of bitcoin. Its utilities are as a means of payment, and a store of value.
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Sure but you could probably be a bit more nuanced about it. For instance, does the trust model enable a particular pattern of payment that is sorely needed by a specific industry? From what I can tell, the answer is generally, no.

The main thing crypto could enable is massive disruption of the current norms of international commerce in a total shift away from fiat. Of course this would be a massively terrible outcome that would make the world a more chaotic place. I would prefer that our economic future be controlled by the fed, and not a bunch of conniving bitcoin whales.
 
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