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re: Bitcoin is Gresham's law in practice

Posted on 1/9/21 at 11:51 pm to
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/9/21 at 11:51 pm to
You realize only something like 20% of bitcoin is held in Chinese wallets?
Posted by buckeye_vol
Member since Jul 2014
35373 posts
Posted on 1/9/21 at 11:51 pm to
quote:

Bitcoin is at $40,000 and it seems like no one cares

Three years ago during that insane bull run when it took over the world it only got to $20,000
I think we’re starting to reach that point as I’m starting to see more threads on the Money board with people trying to learn about it plus more random discussions from others who wouldn’t normally discuss it.
Posted by Volvagia
Fort Worth
Member since Mar 2006
52904 posts
Posted on 1/9/21 at 11:51 pm to

quote:

If that is true, then how was it created?


Wow talk about not even knowing the basics of what you are “evaluating”
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 1/9/21 at 11:51 pm to
quote:

True or false: Every single mathematical truth has already been created.


Pie goes on forever but Im not going to give somebody my money if they promise me a bite of it.
Posted by Turftoe
Denver
Member since Mar 2016
4338 posts
Posted on 1/9/21 at 11:51 pm to
BTC will continue to rise in value. 5 years from now you’ll be able to retire on 3 coins. Jump on the train or get run over
Posted by AllDayEveryDay
Nawf Tejas
Member since Jun 2015
9317 posts
Posted on 1/9/21 at 11:52 pm to
Bitcoin is useless and will always be useless because the government can't tax it. When they figure a way I'm all in.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/9/21 at 11:52 pm to
Shhh I need to get more sats at a low price.
Posted by Fox McCloud
Member since Oct 2020
3525 posts
Posted on 1/9/21 at 11:52 pm to
The problem is everyone thinks this. You guys will get your arse handed to you eventually. Everyone can’t make money.
Posted by TotalYatMove
Member since Oct 2010
1687 posts
Posted on 1/9/21 at 11:52 pm to
quote:

(I have no idea what he could he even mean by saying it wasn’t).


Take heart in knowing that your understanding already exists.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/9/21 at 11:53 pm to
quote:

Bitcoin is useless and will always be useless because the government can't tax it
Wat
Posted by TigerFox
Member since Jun 2013
309 posts
Posted on 1/9/21 at 11:53 pm to
Is there a way to accurately know how much Bitcoin has been discovered?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/9/21 at 11:53 pm to
18.5 million
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82051 posts
Posted on 1/9/21 at 11:54 pm to
Since you are so smart, what you believe happens with Bitcoin over the next 6 months, 2 years, 5 years? Lets hear your thoughts on this "scam"
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82051 posts
Posted on 1/9/21 at 11:54 pm to
quote:

Bitcoin is useless and will always be useless because the government can't tax it. When they figure a way I'm all in.

I pay taxes on trade each year per IRS guidelines
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 1/9/21 at 11:55 pm to
quote:

Since you are so smart, what you believe happens with Bitcoin over the next 6 months, 2 years, 5 years? Lets hear your thoughts on this "scam"


Easy. It becomes worthless over night. The reason why is because its already worthless. The reason it exist is so that someone can sell you a number for cold hard cash and you buy it.

This post was edited on 1/9/21 at 11:58 pm
Posted by TheWalrus
Land of the Hogs
Member since Dec 2012
46135 posts
Posted on 1/9/21 at 11:55 pm to
I like to think I’m pretty smart and Bitcoin is beyond me
Posted by TotalYatMove
Member since Oct 2010
1687 posts
Posted on 1/9/21 at 11:55 pm to
quote:


Pie goes on forever


And the party never ends.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82051 posts
Posted on 1/9/21 at 11:57 pm to
quote:

Is there a way to accurately know how much Bitcoin has been discovered?

Yes, 18,596,000 as of today
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82051 posts
Posted on 1/9/21 at 11:58 pm to
quote:

Easy. It becomes worthless over night.

Ok, 3 pages before the troll came out. You could have definitely done better.
Posted by LordSaintly
Member since Dec 2005
42088 posts
Posted on 1/9/21 at 11:59 pm to
quote:

Wish I had listened to Wiki.


I listened to LSURussian
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