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Started By
Message
re: Bitcoin is dropping like a rock. Down to 99,200
Posted on 11/19/25 at 3:06 pm to Pendulum
Posted on 11/19/25 at 3:06 pm to Pendulum
quote:He does this in every bitcoin thread. Keeps pointing out why it is so bad for being a currency yet no one on here ever says that it is to be used to transact as a currency.
Is there someone in this thread arguing it's a stable currency for everyday transactions or are you arguing with yourself?
And he will continue to use this talking point despite being made aware that no one is calling for it to be a currency here.
This post was edited on 11/19/25 at 3:08 pm
1
Posted on 11/19/25 at 4:33 pm to Pendulum
quote:
I would never anticipate using BTC for microtransactions
i actually do use it to pay for streaming services and a few other things
but on a grand scale daily like FIAT currency? heck no.
Posted on 11/19/25 at 7:36 pm to mule74
I guess I'm a fool.
Posted on 11/19/25 at 11:28 pm to Chuckiee
It's a speculation scam that will eventually end badly.
Posted on 11/20/25 at 8:36 am to FAT SEXY
quote:
It's a speculation scam that will eventually end badly
Again, we've heard this for 15 years. How long does it have to survive, and continue to set new ATHs, for it to no longer be speculation?
Posted on 11/20/25 at 11:01 am to Fat Bastard
quote:
i actually do use it to pay for streaming services and a few other things
Let me guess, IPTV…and some other stuff that’s not exactly street legal?
Posted on 11/20/25 at 11:15 am to Chuckiee
quote:Longer than this, evidently.
Again, we've heard this for 15 years. How long does it have to survive, and continue to set new ATHs, for it to no longer be speculation?
Posted on 11/20/25 at 11:23 am to SlidellCajun
You should know by now they’re going to berate you for implying that BTC is a form of currency.
They’re just going to say “it’s not that, it’s not this, etc.
They’ll never say what they actually think it is, they’ll only try to correct you for what they think it is not.
They’re just going to say “it’s not that, it’s not this, etc.
They’ll never say what they actually think it is, they’ll only try to correct you for what they think it is not.
Posted on 11/20/25 at 1:37 pm to Pendulum
quote:
Is there someone in this thread arguing it's a stable currency for everyday transactions or are you arguing with yourself?
I haven’t seen it in this thread but yeah, clearly it’s called crypto CURRENCY
Did you not know that?
Posted on 11/20/25 at 1:38 pm to Fat Bastard
quote:
i actually do use it to pay for streaming services and a few other things
Wow
Like what?
And do you ever get bummed after paying and it’s jumps up in price?
Posted on 11/20/25 at 1:57 pm to SlidellCajun
People still think crypto is something other than digital coins that we trade and hope to turn a profit on?
Eta: As I was typing this, I got a scam call and voicemail from “Coinbase” because somebody is trying to log in to my account, which doesn’t exist
Eta: As I was typing this, I got a scam call and voicemail from “Coinbase” because somebody is trying to log in to my account, which doesn’t exist
This post was edited on 11/20/25 at 2:01 pm
Posted on 11/20/25 at 2:12 pm to CecilShortsHisPants
Agreed
As for coinbase, I own that stock. For those unaware, among other things,the app is used to make payments with crypto including bitcoin.
Here’s what they say in their literature
“Coinbase Business, a “crypto operating account” for small businesses which allows accepting customer payments in crypto currencies, paying vendors, employees and partners, and trading and managing crypto currencies. It also provides streamlined accounting reconciliation into platforms like QuickBooks and Xero“
Shame some of you dabbling in bitcoin or other crypto currencies don’t realize there is usage as currency. coinbase can help with that.
As for coinbase, I own that stock. For those unaware, among other things,the app is used to make payments with crypto including bitcoin.
Here’s what they say in their literature
“Coinbase Business, a “crypto operating account” for small businesses which allows accepting customer payments in crypto currencies, paying vendors, employees and partners, and trading and managing crypto currencies. It also provides streamlined accounting reconciliation into platforms like QuickBooks and Xero“
Shame some of you dabbling in bitcoin or other crypto currencies don’t realize there is usage as currency. coinbase can help with that.
This post was edited on 11/20/25 at 2:13 pm
Posted on 11/20/25 at 2:15 pm to TigerTatorTots
Glad you chimes in despite your promise to avoid me. Maybe too hard to pass up?
Anywho- watched an interesting segment early morning today.
Summary-With advances in quantum computing there is a great deal of concern on hacking crypto currency accounts.
Just fyi.
Anywho- watched an interesting segment early morning today.
Summary-With advances in quantum computing there is a great deal of concern on hacking crypto currency accounts.
Just fyi.
Posted on 11/20/25 at 2:32 pm to Chuckiee
quote:
Again, we've heard this for 15 years. How long does it have to survive, and continue to set new ATHs, for it to no longer be speculation?
Even in a best case scenario where it makes another ATH it won't be with the huge percentage increases like we've seen in the past. All of the big money has already been made in this thing.
It's got a ton of downside risk. It doesn't produce anything.
I guess some of you are true believers that the world is eventually going to adopt Bitcoin as the reserve currency.
Posted on 11/20/25 at 2:36 pm to SlidellCajun
One thing that seems obvious at this point is that Bitcoin has become correlated with risky stock market assets.
Gold looks that way too right now but we'll see how it behaves if the crash gains momentum.
Gold looks that way too right now but we'll see how it behaves if the crash gains momentum.
Posted on 11/20/25 at 3:00 pm to SlidellCajun
quote:Correct, everything about our daily life is in jeopardy if quantum becomes a reality. No more bank accounts, stock portfolios, gambling, etc.
Summary-With advances in quantum computing there is a great deal of concern on hacking crypto currency accounts.
Posted on 11/20/25 at 3:35 pm to Diseasefreeforall
quote:
One thing that seems obvious at this point is that Bitcoin has become correlated with risky stock market assets.
Yes and that’s a good point
It was supposed to be a better “store of value” which would lead me to believe that it counters some of the risky stocks.
Posted on 11/20/25 at 3:48 pm to SlidellCajun
quote:
Yes and that’s a good point
It was supposed to be a better “store of value” which would lead me to believe that it counters some of the risky stocks.
I think Bitcoin and tech stocks have been drawing investment from mostly the same pools of capital for some time now.
7-10 years ago that probably wasn't the case. Crypto investing was segregated from stock market investing back then.
Posted on 11/20/25 at 4:24 pm to Chuckiee
quote:
Again, we've heard this for 15 years. How long does it have to survive, and continue to set new ATHs, for it to no longer be speculation?
Socialist utopia Venezuela lasted about 15 years before it started crashing. When I was in college my professors pointed to it as a model for how the U.S. should be run.
Bernie Madoff ran his firm as a Ponzi scheme for over twenty years.
That's just two examples off the top of my head.
Posted on 11/21/25 at 7:06 am to Huey Lewis
Tether just printed 1B USDT and immediately bought BTC with it. Looks like the printer has been turned back on
CoinMarketCap
But this is not a fake market we promise
CoinMarketCap
But this is not a fake market we promise
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