If any of you crypto bros need a gift idea for the haters in your family.

Will you send me some bitcoin and forego the candle?

Top signal

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“bitcoin has no intrinsic value” ?

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I'm uttering them now - does that count?

the minute you buy this a big dip is coming

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the minute you buy this a big dip is coming

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At this point, it could flash crash 90% and I’ll still be right.

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That depends, have you ever uttered the words “bitcoin has no intrinsic value” ?

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Maybe a longer answer than you want.

I question the end result of it becoming a commonly accepted currency. Currently, it is an "investment" with no asset or income revenue used to determine its value. It could be this is an archaic way of thinking, or it's just something most crypto investors are willing to risk changing over time.

There is currently very little you can do with bitcoin itself without converting it to cash. You've made money buying it and I don't have any animosity about it. Every discussion I've had with people who are all in on crypto currency can't articulate how you convert crypto into a common payment method, and it is still way too volatile to be considered a currency. Until the volatility flattens out for the course of a few years to a decade, I don't see it being an appealing currency for businesses that need stable and predictable income.

Another pseudo fantasy I see crypto bros touting is that it's a "decentralized" currency. I'd say a healthy chunk of bitcoin ownership is through the market at this point, and those assets are sizeable by the government. So it already violated one of its core tenets. The common person doesn't understand nor have the desire to create a digital wallet, remember the number of passwords required, understand how to operate a digital wallet and all that goes with it for it to become a widely accepted currency.

I work in the credit card side of the world, and the amount of infrastructure required to securely and quickly process a payment is where I have seen very little movement or interest and it is the absolutely the most critical part of accepting a form of electronic payment.

I'm not a finance guru, nor do I own a time machine to see what's going on in the future. I simply have doubts about the level of acceptance it will gain.

I do hold some of my brokerage in a Bitcoin ETF for what its worth.

I drank the Kool-Aid early on in the early 10's and have since come to have many of the same thoughts. I just don't see it ever taking over the way the true believers hope. Doesn't mean I don't want to make money with it while I can.

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Yeah thats why gold was a store of value 4 millennia ago.

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Gold was a store of value 4000 years ago because people are stupid.

It’s okay to admit that and still make money in crypto.

Bro slackster grow your balls back lol

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It’s okay to admit that and still make money in crypto

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You would’ve never said this back in 2021 to ancient tiger

You’re asking for utilization of Bitcoin and other crypto. What about in countries rife with corruption in the Middle East or South America? You would rather take your chances with the government owned banks where your money can be seized at any moment than be able to secure your funds on a decentralized blockchain? If you’re skeptical of authority, you should believe in btc.