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re: When to buy BTC?

Posted on 11/9/22 at 3:26 pm to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80804 posts
Posted on 11/9/22 at 3:26 pm to
quote:

Does anything in his post change if he specified BTC? Legit asking.

Yes, not all change but the following:

quote:

Bitcoin doesn't provide anonymity or protection against government seizure.
If you acquire non KYC bitcoin, it does provide a layer of anonymity. But even moreso, holding your own bitcoin keys (aka not being a damn ratard given what has happened with CEXs), there is literally no way for government to seize it without showing up at your door with a hammer and breaking your legs.

quote:

Bitcoin isn't "hard money".
This depends on how you define hard money. Bitcoin is backed and secured by the largest decentralized network in the world and cannot be devalued, duplicated, or altered without consensus.

quote:

Bitcoin isn't going to be used as a currency.
It is currently accepted by thousands of merchants and millions of people on the planet. No it is not going to be the main form of currency for everyone.

quote:

Bitcoin attempted to circumvent the financial regulations, like Uber or Airbnb,that have come to exist for a reason over the past century.
Bitcoin has no governing body, it has not circumvented anything. It is not a security per the SEC chairman.


ETA: Crypto on the other hand, I would agree with most of his statements. There is a difference between the two



This post was edited on 11/9/22 at 3:31 pm
Posted by Texas Tea 123
Member since Sep 2017
210 posts
Posted on 11/9/22 at 3:39 pm to
Even if it drops 90% it's still not cheap...
Posted by DTRooster
Belle River, La
Member since Dec 2013
7970 posts
Posted on 11/10/22 at 4:27 pm to
quote:

cannot be devalued,
the current chart says otherwise, lol
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