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re: Bitcoin - how high?
Posted on 9/23/25 at 8:05 pm to David_DJS
Posted on 9/23/25 at 8:05 pm to David_DJS
quote:
The Secret Service can't do anything about fedgov spending. Is there a bigger/more successful group of bandits in world history than the US federal gov't?
And this is how it goes. Post BS Memes and graphics and any other digital display that looks like someone knows what they’re talking about. Purchasing power of the dollar! lol. The USD is the most stable currency on the planet. It’s a safe haven!
Yes inflation but it’s purchasing power but inflation does that to every currency!
But tell us- when you cash in your Bitcoin, do you exchange it for USD?
Why or why not?
2
Posted on 9/23/25 at 10:06 pm to SlidellCajun
I find the noblesse oblige approach comedic.
Thousands of years of human interaction confirms there’s two kinds of people. One will steal your bitcoin. The other will charge you a fee to protect your BTC.
So how high does BTC grow considering you need $110k in resources to mine a coin at this point.
If the cost to mine exceeds bitcoin’s price, what’s the motivation? Someone will need to protect the system and keep it secure. It’s also becoming apparent governments with excess electricity will be the only ones able to make the numbers work as fewer coins are available to be mined.
Thousands of years of human interaction confirms there’s two kinds of people. One will steal your bitcoin. The other will charge you a fee to protect your BTC.
So how high does BTC grow considering you need $110k in resources to mine a coin at this point.
If the cost to mine exceeds bitcoin’s price, what’s the motivation? Someone will need to protect the system and keep it secure. It’s also becoming apparent governments with excess electricity will be the only ones able to make the numbers work as fewer coins are available to be mined.
This post was edited on 9/24/25 at 7:10 am
Posted on 9/24/25 at 7:23 am to Amblin
At least 6...
Posted on 9/24/25 at 11:43 am to lsuconnman
quote:Mining capacity falls offline then the difficulty adjustment occurs and all of a sudden the cost to mine drops drastically. That happens quite frequently but we haven't seen it in a large scale since china "banned" btc mining
If the cost to mine exceeds bitcoin’s price, what’s the motivation?
Posted on 9/24/25 at 12:10 pm to FAT SEXY
quote:
Once institutions start selling it this thing is coming down hard.
Once it goes down Will it go back up like it always does?
Posted on 9/24/25 at 1:02 pm to bdavids09
(no message)
This post was edited on 10/12/25 at 4:52 pm
Posted on 9/24/25 at 2:06 pm to SlidellCajun
quote:
Yes inflation but it’s purchasing power but inflation does that to every currency!
You're making my argument for me.
quote:
But tell us- when you cash in your Bitcoin, do you exchange it for USD? Why or why not?
It's a lame notion that, let's say, there's a day I sell BTC to buy some land, that I use the USD in the middle of that transaction is some sort of admission that the dollar isn't what it clearly is, a poor store of value.
Posted on 9/24/25 at 8:35 pm to David_DJS
quote:
It's a lame notion that, let's say, there's a day I sell BTC to buy some land, that I use the USD in the middle of that transaction is some sort of admission that the dollar isn't what it clearly is, a poor store of value.
You’ll still use the USD to buy that land or anything else you want. Same for everyone else on this thread.
And who is saying that the USD is a good store of value? It’s a reliable store of value as it’s much less volatile than bitcoin but anyone holding the USD as their only store of value is ignoring better options.
Is bitcoin your only store of value?
Posted on 9/24/25 at 8:42 pm to David_DJS
I think everyone can agree that if your hypothetical future seller wants USD for his land then your opinion is incorrect.
Posted on 9/25/25 at 7:52 am to lsuconnman
quote:Well that’s what presents upside. If everyone used bitcoin as a store of value already, there wouldn’t be a major investment thesis.
I think everyone can agree that if your hypothetical future seller wants USD for his land then your opinion is incorrect.
The asymmetry is “man have you noticed that way less people are wanting anything to do with US debt these days? And everyone is 98% allocated to instruments that could never serve as a substitute? I bet there’s a trade here.”
The executive branch is performing a soft coup of our central bank. The Asians used to gobble up treasuries and now you can’t give them away. Gold is back and is going to start eating away at bond allocations, bitcoin is thriving, silver is catching a bid. The collectible market is going gang busters. Bearer assets are an emerging theme.
I just think people need to recalibrate their definition of diversification as we head into this next period. Nobody wants to be the last person to realize that the 60/40 portfolio is outdated.
Posted on 9/25/25 at 2:55 pm to SlidellCajun
quote:
You’ll still use the USD to buy that land or anything else you want. Same for everyone else on this thread.
And my point is that says nothing about the soundness (or not) of BTC.
quote:
And who is saying that the USD is a good store of value? It’s a reliable store of value as it’s much less volatile than bitcoin but anyone holding the USD as their only store of value is ignoring better options
I wouldn't call the USD a reliable store of value. The word you used above that's better is volatile - the USD is substantially less volatile than BTC, but does that mean anything if your horizon is more than a few months?
quote:
Is bitcoin your only store of value?
Of course not.
Posted on 9/25/25 at 3:01 pm to David_DJS
quote:This argument is so stupid. Yes I will use the currency of whatever country I reside in if I want to take advantage of using my bitcoin to buy something. Just so happens in your example, we live in the US so that is the USD.
ou’ll still use the USD to buy that land or anything else you want. Same for everyone else on this thread.
If I lived in Argentina, then I'd swap it into the Argentine Peso to buy something. No one would out on a limb to say that is a reliable store of value though.
Same exact if I lived in Zimbabwe - that shite hyperinflating at 1000% per year is not a more reliable store of value. It is just the local currency that is used to transact things with.
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