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Posted on 11/22/24 at 8:46 pm to tenderfoot tigah
Heck no
Huge bubble
But fun to watch
But your point is poignant. Fomo “investing”
Huge bubble
But fun to watch
But your point is poignant. Fomo “investing”
This post was edited on 11/22/24 at 8:48 pm
Posted on 11/22/24 at 9:47 pm to I Love Bama
Give me more of that foolishness!!! We laughing all the way to the bank!
Posted on 11/22/24 at 10:06 pm to LatinTiger30
Enjoy your scam coins dummy
Posted on 11/22/24 at 10:16 pm to SlidellCajun
quote:
SlidellCajun
quote:
Heck no
Huge bubble
Imagine having one of the easiest ultimate formula (buy and hodl BTC over the years) to set yourself and family for financial independence/ freedom but too stubborn and prideful to admit that you're wrong.
"Everyone is against Bitcoin before they're for it" -MS
Posted on 11/22/24 at 10:27 pm to LSUregit
Mid curvoors
Posted on 11/22/24 at 11:46 pm to Vastmind
BTC not hitting 100k today - why you lie!?
Posted on 11/23/24 at 6:48 am to LSUregit
Slidell is about 70yrs old, cut him some slack 
Posted on 11/23/24 at 8:12 am to LSUregit
quote:
Imagine having one of the easiest ultimate formula (buy and hodl BTC over the years) to set yourself and family for financial independence/ freedom but too stubborn and prideful to admit that you're wrong.
lol
Not even remotely true
Fwiw- I have fomo too and have invested in bitcoin and did well. I had no idea what it was truly worth and the price increase was enough for me to feel comfortable selling, so I sold. It was around 60,000 when I sold but that was a large gain and I’m happy about it. It was a trade. I’ve done the same with some companies that did very well and some that didn’t. They’re trades though. I also own some of it through a fund that Wood runs.
Otherwise, I have investments. Some of these investments are in real companies that have real earnings over long periods of time. Some of their stocks are up over 1,000% since I bought.
Bitcoin is a trade. Not an investment. It’s literally worth what someone else is willing to pay for it and nothing else. Neither I nor you have any way to measure that value. It has no use to me in day to day life. Probably doesn’t to you either. It’s fun to trade on it when it goes up. For me, Fomo makes up a lot of the action though. I suspect it’s the same for you and many others.
Posted on 11/23/24 at 5:27 pm to SlidellCajun
quote:
Neither I nor you have any way to measure that value.
This is incorrect. Metcalf's Law is 40 years old.
Metcalfe's law
Metcalfe’s law posits that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2). Essentially, it suggests that the utility of a network grows exponentially as the number of users increases. This concept is especially relevant in the context of social networks, the internet, and other technology platforms where users can interact with each other.
quote:
worth what someone else is willing to pay for it
This is literally every single item on the planet.
This post was edited on 11/23/24 at 5:30 pm
Posted on 11/23/24 at 5:30 pm to Vastmind
Sold half my holdings when it hit 95ish
Will buy back in on the dip
Will buy back in on the dip
This post was edited on 11/23/24 at 5:31 pm
Posted on 11/23/24 at 5:39 pm to tenderfoot tigah
quote:
This is literally every single item on the planet.
lol
Okay
Explains a lot
Posted on 11/24/24 at 8:37 am to Cosmo
quote:
Sold half my holdings when it hit 95ish
Will buy back in on the dip
I haven't sold anything yet. But if there is a dip, I plan to buy more.
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