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re: If you are confused about the utility of Bitcoin, I want to share this with you.
Posted on 3/7/22 at 3:29 pm to rocket31
Posted on 3/7/22 at 3:29 pm to rocket31
quote:
I used to think we were just early but I'm starting to think that most people are just incapable of understanding
They don’t understand stocks either. Eventually the TV will tell everyone they must have crypto in their portfolio and it’ll happen without them understanding it either.
But they won’t be early.
1
Posted on 3/7/22 at 3:29 pm to whodatigahbait
quote:
Curious - Saylor or the other guy?
Saylor has been accused before i believe
Posted on 3/7/22 at 3:31 pm to rocket31
Honestly, a few years ago I couldn't have imagined we would be made fun of for BTC "only" being worth $38K....
Posted on 3/7/22 at 3:31 pm to Longhorn Lifer
quote:
If I bought Berkshire Hathaway and it got cut in half I would be kicking myself for not selling higher and buying back cheaper, I wouldn't be spewing some self soothing nonsense pretending that I didn't screw up.
Sounds like you prefer gambling to investing. I’m sure you nail every trade and are wealthy beyond belief by now…right?
Posted on 3/7/22 at 3:44 pm to DeathValley85
quote:
Sounds like you prefer gambling to investing. I’m sure you nail every trade and are wealthy beyond belief by now…right?
Gambling on Berkshire Hathaway vs investing in Bitcoin
Posted on 3/7/22 at 3:46 pm to Longhorn Lifer
I guess people investing into index funds right now after they’ve had a big draw down are “index fund apologists”
Your stance in this thread is a bit ridiculous IMO. Not everyone wants to trade, some people have extremely long time horizons and aren’t throwing all their money into the market all at once.
I have more than a few of my BTC buys at or around $10k, I’m still in the green overall on a technology I think will become increasingly important over the next decade. I’m a long term bull on the network, and these one year fluctuations mean very little to people like me except I get more of it cheaper when people panic.
Your stance in this thread is a bit ridiculous IMO. Not everyone wants to trade, some people have extremely long time horizons and aren’t throwing all their money into the market all at once.
I have more than a few of my BTC buys at or around $10k, I’m still in the green overall on a technology I think will become increasingly important over the next decade. I’m a long term bull on the network, and these one year fluctuations mean very little to people like me except I get more of it cheaper when people panic.
This post was edited on 3/7/22 at 3:52 pm
Posted on 3/7/22 at 3:55 pm to DeathValley85
great point actually ser
most people dont even understand their 401k
most people dont even understand their 401k
Posted on 3/7/22 at 4:04 pm to JayDeerTay84
quote:
Honestly, a few years ago I couldn't have imagined we would be made fun of for BTC "only" being worth $38K....
haha i never dreamed of BTC being anywhere near this high when I first got in. it really puts into perspective how terrible the omg bitcoin crashed arguments really are.
its like if it isnt at all time highs then it is a cult and you are being scammed.
Posted on 3/7/22 at 4:08 pm to Longhorn Lifer
quote:As a previous poster mentioned, most are in the same ballpark of being bad at timing the market. Especially in the bitcoin world when random, unpredictable news events and whale activity is what usually dictates big price movement. Oh and you have to factor the taxes on that sale so not really "almost twice" as much. And that is only if you timed it right.
And if they sold near 67k they could buy back now and own almost twice as much bitcoin for the same amount of money.
quote:Of course not, anyone can Monday morning quarterback an investment, same can be said for any stock.
So if Bitcoin drops 90 percent are you going to pretend that you didn't screw up by not selling higher?
The point is, for people buying bitcoin, most it is a long term hold because it will undoubtedly outperform every traditional asset. Trying to jump in and out is a recipe for losing your arse.
Posted on 3/7/22 at 4:12 pm to Ross
quote:
Your stance in this thread is a bit ridiculous IMO
his stance is basically the few months that BTC was higher than it is now makes it a cult, because thats buy high and now its lower.
with his logic anyone who timed any market poorly is a cult follower because they couldn't predict market fluctuations
completely ignoring the past decade of possible entries because a few months have been below ATH. its like he has the absence of mind to consider any window of time other than the worst possible frame. i might consider bookmarking this for the lulz when crypto goes on another run or when the new floor is the previous ATH.
This post was edited on 3/7/22 at 4:16 pm
Posted on 3/7/22 at 4:19 pm to whodatigahbait
quote:
Curious - Saylor or the other guy?
Saylor was caught and fined by the SEC for millions of dollars for accounting fraud
Coin Geek on Saylor
This post was edited on 3/7/22 at 4:24 pm
Posted on 3/7/22 at 4:27 pm to UltimaParadox
Whats this board thoughts on Mark Moss?
Posted on 3/7/22 at 4:36 pm to JayDeerTay84
Decentralization sure doesn't mean what you think it means if you dont think the MetaMask fiasco is a big deal. Any idiot knows its an Ethereum wallet. But it could never happen to any other wallet right?
What it did was kill the entire idea that decentralization protects you from the exact thing that actually happened. Might as well buy UDS$
You are sticking you head in the sand if you are brushing this off as a nothing burger. Go Bitcoin! Rah rah
What it did was kill the entire idea that decentralization protects you from the exact thing that actually happened. Might as well buy UDS$
You are sticking you head in the sand if you are brushing this off as a nothing burger. Go Bitcoin! Rah rah
This post was edited on 3/7/22 at 4:46 pm
Posted on 3/7/22 at 4:44 pm to theRealJesseD
quote:Then why did you bring it up when the OP was only talking about bitcoin? MM has literally zero to do with bitcoin
Any idiot knows it was on an Ethereum based network.
Posted on 3/7/22 at 4:46 pm to TigerTatorTots
God dam you are dense.
Sure it could never happen to bitcoin. Just like it could never happen on Ethereum before
Good luck. You need it
Sure it could never happen to bitcoin. Just like it could never happen on Ethereum before
Good luck. You need it
This post was edited on 3/7/22 at 4:47 pm
Posted on 3/7/22 at 4:51 pm to theRealJesseD
man who doesn't even understand what a wallet is calling other people dense
comedy lol
comedy lol
This post was edited on 3/7/22 at 4:52 pm
Posted on 3/7/22 at 4:52 pm to theRealJesseD
I host most of my Bitcoin in cold storage, so yeah I actually do know it can’t happen to me.
Should I ever need to transfer for whatever reason I have the private key and I’ll just import it to a wallet that doesn’t have whatever issues MM is having, or I’ll just run a node with Bitcoin Core so I know there is no trusted third party involved with any software wallet I’d use. It’s not that hard.
Should I ever need to transfer for whatever reason I have the private key and I’ll just import it to a wallet that doesn’t have whatever issues MM is having, or I’ll just run a node with Bitcoin Core so I know there is no trusted third party involved with any software wallet I’d use. It’s not that hard.
This post was edited on 3/7/22 at 4:58 pm
Posted on 3/7/22 at 4:54 pm to AMS
my Bitcoin moon shot was $10k when I got in seven years ago
now we have people trying to dunk on us when it's sitting at 38k.
I'm just like what in the hell is happening lol
now we have people trying to dunk on us when it's sitting at 38k.
I'm just like what in the hell is happening lol
Posted on 3/7/22 at 4:59 pm to Ross
quote:
I host most of my Bitcoin in cold storage, so yeah I actually do know it can’t happen to me.
most anti-crypto folks have no functional comprehension of this point you make.
its kind of the equivalent of stashing cash in your mattress or buried in the yard. there is nothing anyone can do to freeze/confiscate your crypto short of physically finding the keys to your stash.
Posted on 3/7/22 at 5:09 pm to rocket31
quote:
my Bitcoin moon shot was $10k when I got in seven years ago
now we have people trying to dunk on us when it's sitting at 38k.
I'm just like what in the hell is happening lol
its hilarious imo. 'you were up over 10x in a span of 4 years but now its only over 6x, you idiot get dunked on'
meanwhile you would have had to be holding berkshire for 15 years to even be sniffing the gains tc has made in 5 years, even after ATH dip we are in now. it only looks bad if you take an extremely small window to compare. they need this argument though because it only works if you only have the perspective of the worst entry points in BTC history to now
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