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Started By
Message
1
Posted on 11/27/24 at 11:58 am to SlidellCajun
quote:
Yep
Way too volatile to be considered as a viable currency
Lol, one of those who just can't bring to accept it. AAAAND back up to 97k today. And up 2,400,000% all time.
Hint: Shorting Bitcoin is possibly the worst idea ever. It will run up to 200k, then crash, but then go up to 500k next time.
Posted on 11/27/24 at 11:59 am to UltimaParadox
quote:
I don't invest in any crypto because it has zero intrinsic value.
That does not matter. There's hundreds of millions of people who do buy into it and it's growing. That is all that matters. If a homeless man selling his used socks returned 20x and wanted me to pitch in equity, I'd do it. No one gives a shite really how money is made as long as legal.
This post was edited on 11/27/24 at 12:00 pm
Posted on 11/27/24 at 12:20 pm to Saunson69
quote:
That does not matter.
quote:
If a homeless man selling his used socks returned 20x and wanted me to pitch in equity, I'd do it
Well at least you are honest about it, instead of trying to pitch that it does
Posted on 11/27/24 at 2:14 pm to Saunson69
I love listening to these guys drowning in their own tears since 2017 when the big crypto thread was started here. 
But, but, but.. muyy lack of use case, environmental impact, volatility, illegal activity, can't buy underwear with crypto!, etc..... while even Tutor Jones, Trump, Schwab, etc.. can learn to accept and evolve to embrace it. lmao all the way to the bank.
But, but, but.. muyy lack of use case, environmental impact, volatility, illegal activity, can't buy underwear with crypto!, etc..... while even Tutor Jones, Trump, Schwab, etc.. can learn to accept and evolve to embrace it. lmao all the way to the bank.
Posted on 11/27/24 at 2:24 pm to Norway
quote:Looks like it was a good thing you didn't listen to Norway
The only time Norway is wrong is when he doesn't listen to Norway.
Knew it was time to short !
Posted on 11/27/24 at 5:50 pm to Saunson69
quote:
Hint: Shorting Bitcoin is possibly the worst idea ever. It will run up to 200k, then crash, but then go up to 500k next time.
I never said to short it. I said the exact opposite
Keep up
Posted on 11/27/24 at 7:23 pm to LSUregit
Great post.
Posted on 11/27/24 at 10:18 pm to LSUregit
lol
And when you cash in, what currency do you use?
And when you cash in, what currency do you use?
Posted on 11/27/24 at 10:48 pm to SlidellCajun
quote:
lol
And when you cash in, what currency do you use?
Who gives a shite. It could be chickens for all I care. All I know is that I'll have more chickens than Nocoiners like youself.
I love that argument lol. I've been accumulating btc/eth since 2017 and held most. After all these years, any of your fud and skepticism does not even faze or worth a response to to be honest.
My advise is stop mid curving yourself and enjoy the ride
Posted on 11/27/24 at 11:06 pm to LSUregit
250K use to be 1k, then 10k, 25k, 50k and 100k.
fwiw, I'm at the very bottom left of the curve lol
fwiw, I'm at the very bottom left of the curve lol
Posted on 11/28/24 at 12:01 am to LSUregit
quote:
Who gives a shite. It could be chickens for all I care
Exactly.
Like many anti-crypto people, he thinks all crypto holders are bitcoin purists from 2009 who are trying to buck the system.
It's about making money. Nothing more, nothing less.
Posted on 11/28/24 at 6:57 am to Norway
I’d short using call options.
That way IF I get it wrong, I can leverage my losses.
That way IF I get it wrong, I can leverage my losses.
Posted on 11/28/24 at 7:00 am to Saunson69
quote:
No one gives a shite really how money is made
True.
Had to shorten it a little.
Posted on 11/28/24 at 9:08 am to SlidellCajun
quote:
And when you cash in, what currency do you use?
Why does this matter? Every asset you can think of, is converted to usd to spend in the USA, however they have nominal value. You're not buying everyday things directly with gold, silver, stocks, bonds, collectibles, land, anything you can think of. There's probably more viable ways to spend btc directly than gold. I haven't bought a single asset in my life because it was tender.
So you just own USD?
ETA: this is my beef with 99% of crypto. Utility does not equal value in my opinion. I hear this network is more useful or this network is faster for transactions; who cares, how secure from being fricked with, decentralized, and finite is it? Those are more important factors to nominal value imo. I dont try to hold USD, I try to convert them into appreciating assets as fast as I can and hold as few USD as possible.
This post was edited on 11/28/24 at 9:37 am
Posted on 11/28/24 at 12:29 pm to Pendulum
quote:
Why does this matter?
It matters because one of the fundamental reasons for the existence of bitcoin is the instability of the USD. You’ve heard it- printing too much USD, borrowing too much etc. the eventual collapse and all the bitcoiners feel the warm glow of verification.
Yet, when the time comes to realize their gains, where do they turn? The USD. it’s hypocritical. It is 100% hypocritical.
Posted on 11/28/24 at 12:37 pm to SlidellCajun
Isn’t literally any investment or hedge converted to USD when it’s time to sell (for those living in the US)? With that line of thinking, maybe I should only hold dollars and no investments since I convert investments to UsD when I want to see a profit
Posted on 11/28/24 at 12:47 pm to TigerTatorTots
quote:
Isn’t literally any investment or hedge converted to USD when it’s time to sell (for those living in the US)? With that line of thinking, maybe I should only hold dollars and no investments since I convert investments to UsD when I want to see a profit
Uh…. Yeah
And they should be. The USD is the most stable currency on the planet.
This thread is about bitcoin
Posted on 11/28/24 at 1:27 pm to SlidellCajun
Posted on 11/28/24 at 2:14 pm to SlidellCajun
quote:
It matters because one of the fundamental reasons for the existence of bitcoin is the instability of the USD. You’ve heard it- printing too much USD, borrowing too much etc. the eventual collapse and all the bitcoiners feel the warm glow of verification.
Yet, when the time comes to realize their gains, where do they turn? The USD. it’s hypocritical. It is 100% hypocritical.
Uh yeah, that's the point, I dont want to sit in USD, that's a good way to slowly lose your purchasing power. Sounds like the person in your scenario acheives exactly what they were trying to do, sit in BTC rather than USD because it will outperform it
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