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Started By
Message
re: Bitcoin is dropping like a rock. Down to 99,200
Posted on 11/7/25 at 9:09 pm to SlidellCajun
Posted on 11/7/25 at 9:09 pm to SlidellCajun
quote:
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.
Agreed, but that ship is long sailed at this point. They are committed now with ETFs, banks custody, power infrastructure reliant on BTC, etc
1
Posted on 11/7/25 at 11:36 pm to lsuconnman
quote:The measure of hard money is how well it absorbs capital and stores purchasing power. The entire point is that bitcoin claims to be superior base money.
but most importantly, self interest to insure they can get more USD out than they put in
This post was edited on 11/7/25 at 11:37 pm
Posted on 11/8/25 at 6:58 am to TigerTatorTots
quote:
Agreed, but that ship is long sailed at this point. They are committed now with ETFs, banks custody, power infrastructure reliant on BTC, etc
If the government sees it as a threat to its own currency, they could make it illegal as tender. That won’t stop people from using it or impact the trading of it on the varied exchanges.
It’s not likely to become a threat to the USD anytime soon.
Heck, as it stands now, most traders don’t use it as a currency now.
Posted on 11/8/25 at 9:15 am to SlidellCajun
quote:
If the government sees it as a threat to its own currency, they could make it illegal as tender. That won’t stop people from using it or impact the trading of it on the varied exchanges.
They don’t even need to go to that extent. If people were unhappy about civil forfeitures, just wait for what’s on deck when your net worth fits on a flash drive.
There are two certainties in life. Taxes, and when a federal agent seizes any of your electronic devices kiss the data goodbye.
Posted on 11/8/25 at 9:53 am to lsuconnman
quote:
There are two certainties in life. Taxes, and when a federal agent seizes any of your electronic devices kiss the data goodbye.
You do know that bitcoin isn’t actually stored on the electronic device correct? Surely you knew that considering you speak on Bitcoin and its merits in all the threads.
They can have my electronic device. I’ll just fly to another country with my 12 words and have all my net worth safe and sound.
Posted on 11/8/25 at 11:33 am to TigerTatorTots
I guess you got me. All these people losing their coins because they can’t recall 12 simple words in their head. It’s almost ethereal at this point.
Posted on 11/8/25 at 11:47 am to The Fed
quote:
Strong support level 50k lower than it was a month ago What a great asset ! I don't know how anyone takes this shite serious.
Now do the dollar.
Posted on 11/8/25 at 11:48 am to lsuconnman
quote:
I guess you got me. All these people losing their coins because they can’t recall 12 simple words in their head. It’s almost ethereal at this point.
To be clear about something you seem to be struggling with, it breaks no laws and is not immoral to not rely on your memory to recall those 12 simple words.
Posted on 11/8/25 at 12:26 pm to lsuconnman
It’s poor coin management not having their words secured anywhere. So yea if you are relying on that device without a secured way to access the recovery phrase then sure you are SOL. Someone having their net worth on a device without a backup plan is remedial level dumb
Posted on 11/8/25 at 12:52 pm to iwyLSUiwy
quote:
Literally forming a new currency
Is it a currency or is it a commodity?
Posted on 11/8/25 at 1:13 pm to TigerintheNO
quote:
Is it a currency or is it a commodity?
Why can't it be both?
Posted on 11/8/25 at 2:25 pm to TigerTatorTots
quote:
Someone having their net worth on a device without a backup plan is remedial level dumb
How about the idea that all it takes to steal your life savings is one motivated individual willing to do whatever necessary extract those 12 words…and poof those beautiful ledger digits are gone forever.
This post was edited on 11/8/25 at 2:26 pm
Posted on 11/8/25 at 3:33 pm to lsuconnman
The ignorance in this thread is only proof that there is a lot more upside to bitcoin.
Posted on 11/8/25 at 4:22 pm to lsuconnman
quote:
How about the idea that all it takes to steal your life savings is one motivated individual willing to do whatever necessary extract those 12 words…and poof those beautiful ledger digits are gone forever.
Considering it would take a supercomputer over a billion years to brut force 1 address, I think most people are good.
Posted on 11/8/25 at 6:42 pm to JayDeerTay84
quote:
Considering it would take a supercomputer over a billion years to brut force 1 address, I think most people are good.
…Or one guy willing to cut off each of your toes off until you give him your 12 words that free’d you from the monetary system.
I’m not even sure why these threads always get confrontational. We’re six pages in, and every post has been overwhelmingly positive about the BTC hustle. The only argument is whether the hustlers really believe what they’re selling.
I tip my hat to the bankers who created a MLM for hipsters to targets cultists. It was obviously brilliant marketing.
Posted on 11/8/25 at 6:59 pm to lsuconnman
quote:You can't help yourself
BTC hustle.
quote:More tard talk
MLM for hipsters to targets cultists. It was obviously brilliant marketing.
Posted on 11/8/25 at 7:26 pm to lsuconnman
quote:or the login credentials to your Schwab brokerage account?
Or one guy willing to cut off each of your toes off until you give him your 12 words that free’d you from the monetary system.
Posted on 11/8/25 at 9:21 pm to lsuconnman
quote:
I’m not even sure why these threads always get confrontational
Because its the best performing asset over the last 15 years.
Gonna fall apart any day now. Just you wait.
Posted on 11/8/25 at 9:30 pm to cgrand
quote:
or the login credentials to your Schwab brokerage account?
Who’s taking the L if someone compromises my Schwab or Visa credentials?
Posted on 11/8/25 at 9:36 pm to JayDeerTay84
quote:
Because its the best performing asset over the last 15 years.
Now you’re trolling.
MTG’s Black Lotus is the best performing asset of my lifetime, and Charizard is the best moneymaker for youngbloods that follow.
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