re: Bitcoin is dropping like a rock. Down to 99,200

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How long does you hold BITX before you sell?

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Depends on when Bitcoin recovers to it's price before the pullback. Some BITX is bought and sold same day, and some in days, weeks, or worst case months.

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This is why it will never go to zero, plenty of true believers out there.

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I would think that it the US government decided that it wanted to squash Bitcoin, it could put a big hit in the process. Maybe not go to zero but it’d hurt.

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Can't believe it's 2025 and there are still people this dumb

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Well, now you have my attention. Please enlighten us, and if you’re gonna provide the 15 year chart and explain the impact of halving, can you breakdown how the action changes each times BTC’s purpose evolved from digital gold, to decentralized finance, to alternative currency, and I guess now as an investment that tracks Nasdaq?

That would be great, thanks.

Because it’s a paradox wrapped in contradictions.

It’s supposed to be some revolutionary leap in technology that seamlessly connects the world and eliminate the need for fiat currency. But to take that technological leap forward… everybody just needs to commit to a 15 year old technology.

It’s like Sam Altman saying the next big breakthrough in AI will be universal commitment to COBOL.

Where should we start? Its purpose changes with the winds.


Everyone that owns it will describe what it can be used for while shamelessly admitting they’d never use it for whatever was intended. It’s like the OT equivalent to saying college is a waste…for everyone else’s children.

And the biggest issue is that it’s the only technology in history where better alternatives are being continually being developed, yet the argument for BTC is brand loyalty and trust…but most importantly, self interest to insure they can get more USD out than they put in.

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It’s supposed to be some revolutionary leap in technology

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And you don't think that it was? Literally forming a new currency was not revolutionary?

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seamlessly connects the world and eliminate the need for fiat currency. But to take that technological leap forward… everybody just needs to commit to a 15 year old technology.

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Well seeing as virtually nobody thinks it's going to eliminate flat currency, you're complaining about something that is irrelevant. Do you see anybody making you commit to buying into this technology? It's just an alternative option.

It was created in response to the financial crisis in 08 and all the bank bailouts. A currency that is able to function without banks/being decentralized and relies on scarcity. No single entity is going to control it or manipulate it. That's all a good thing. And if you can't buy that fact that it's proven that it is secure despite not being backed by physical assets then I don't know what to tell you.

Plenty of people and business are steadily buying into it and adopting hence the value constantly increasing. I'm sure the guy that started this post was at one point saying "Bitcoin is dropping like a rock, it's value is down to $14,00!!".

I''ve made a good chunk of money off of bitcoin/crypto already and a lot more when I decide to cash out. Plenty of others have made a lot more than me. But I can go into a gas station to a crypto atm and withdrawal cash from it or immediately have it transferred to my bank in usd. Very real to a lot of people.

It's funny how people make fun of it but it just comes off as someone that is uninformed or secretly mad they missed the boat.

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Where should we start? Its purpose changes with the winds.

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But you use dollars for more than one thing correct?

Why would a digital currency be any different?

If you did any research, like at all, at no point would you come to the conclusion that BTC was singular in use.

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Everyone that owns it will describe what it can be used for while shamelessly admitting they’d never use it for whatever was intended. It’s like the OT equivalent to saying college is a waste…for everyone else’s children.

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You guys say this but that doesn't make it reality. It was never intended to be singular in use. I've used it for all sorts of things. Paid for things with it, soley for savings/investment, taken a loan against it, etc.

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And the biggest issue is that it’s the only technology in history where better alternatives are being continually being developed, yet the argument for BTC is brand loyalty and trust…

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There are zero technologies that offer a better alternative. BTC's core rules have remained unchanged. The "trust" you downplay is the core reason for BTC remaining the undisputed king in the space.

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but most importantly, self interest to insure they can get more USD out than they put in.

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When you invest, in anything, you do so with an expectation of return? Why is it that anyone who chooses to hold BTC for that purpose is any different than someone buying stock?

The reality is, you guys are just salty. For over 15 years its not zero and the trend remains "up". The only thing consistent in change is your next argument of why "you" think it has no value.

What you call "changing purpose" is really just layered utility.

ETH has 45% of its nodes controlled by its founders.
SOL offline multiple times
BTC is fully decentralized
BTC 99.99% uptime
BTC is the most liquid
BTC the most nodes
BTC the most hashrate
and 99% of all other coins are shite, dead, and have no liquidity.

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It was 15 years ago. But it’s literally the only example in history where people will somehow argue that code written 15 yrs ago is worth more than code written today to do the same thing….and will only get exponentially more valuable in the future. Everyone better get their Windows11 licenses now, I can only imagine how much more expensive it will be in 2030. After missing the boat on Lotus 1,2,3 I’ll never make that mistake again.

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Ok so basically crypto is useless/has no real value to you because it's old tech?

I don't mean this in an insulting way but you realize that bitcoin is not the only crypto out there right? There are plenty of other coins with faster speeds and lower fees. Are those useless even though they have newer tech?

Maybe then 10 years ago you had a point in that regard.

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Which begs to question, with all that variety why pay $100k for a BTC

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First, I echo the poster above that points out that like most investments, different people invest in BTC for different reasons.

For me, the reason I invest in BTC is I believe that over time, the dollars I used to buy BTC will have less purchasing power than the BTC they bought for me. Not unlike gold and a host of other things people invest in.

Is it alt season now? I don't pay much attention to crypto these days but I still have some gambling money thrown at some alt coins and they're booming today. Of course, they've gotten hit hard the past couple weeks, but they're all up 15-25% today.