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Started By
Message
re: President Trump signs crypto executive order to create a national digital asset stockpile
Posted on 7/25/24 at 10:15 am to VolSquatch
Posted on 7/25/24 at 10:15 am to VolSquatch
Can you point to where I advocated printed money to buy Bitcoin? I never said such a thing.
Under our current system we never need to sell anything. We just make more fake USD out of thin air.
ETA: The US government is already one of the largest holders of Bitcoin. We don't need to buy anything. All we need to do is move it to the treasury department.
Under our current system we never need to sell anything. We just make more fake USD out of thin air.
ETA: The US government is already one of the largest holders of Bitcoin. We don't need to buy anything. All we need to do is move it to the treasury department.
This post was edited on 7/25/24 at 10:18 am
2
Posted on 7/25/24 at 10:23 am to tenderfoot tigah
so why buy Bitcoin? name recognition? there's like 23859753458 cryptocurrencies out there now
ooooh "Bit" like a digital bit that computers use???????
ooooooooh Coin????? like money coin??????????
sign me up!!!!!!!
ooooh "Bit" like a digital bit that computers use???????
ooooooooh Coin????? like money coin??????????
sign me up!!!!!!!
Posted on 7/25/24 at 10:28 am to DVinBR
quote:
so why buy Bitcoin? name recognition? there's like 23859753458 cryptocurrencies out there now
ooooh "Bit" like a digital bit that computers use???????
ooooooooh Coin????? like money coin??????????
sign me up!!!!!!!
Oh. My. God.
Posted on 7/25/24 at 10:36 am to I Love Bama
quote:
There is no downside. At some point, a country or countries will print their own money to buy Bitcoin. USA having first mover advantage can't be understated.
Posted on 7/25/24 at 10:54 am to VolSquatch
We already own Bitcoin. It’s just not in the treasury.
Posted on 7/25/24 at 12:45 pm to I Love Bama
well, no matter what you say on here you aren't changing anyone's opinion
good luck
good luck
Posted on 7/25/24 at 1:26 pm to DVinBR
quote:This is true, as is the opposite case as well. These are conversations we had in here 4-5 years ago. Still the same players on both sides.
well, no matter what you say on here you aren't changing anyone's opinion
Posted on 7/25/24 at 1:41 pm to I Love Bama
quote:
Can you point to where I advocated printed money to buy Bitcoin? I never said such a thing.
He didn't understand you were being sarcastic about the dollar printer when you asked why the treasury would ever sell BTC when it can just print whatever it needs. He thought you were advocating for that because it would benefit a BTC holder.
Posted on 7/25/24 at 1:51 pm to TigerTatorTots
quote:
This is true, as is the opposite case as well. These are conversations we had in here 4-5 years ago. Still the same players on both sides.
I've never posted on this site other than the politics board until this thread, but I've avidly read the ongoing crypto thread for a few years. In fact, it's where I learned a lot about BTC, the posts themselves and resources cited/linked. Before I took the time to learn about BTC, I didn't have much of an opinion about it but was probably dismissive (but not negative). It's logical that for certain investors at certain times BTC doesn't make sense for their portfolio. But "it's a ponzi scheme!" ... "there's no use case!" is weird given I don't think these guys are stupid.
Posted on 7/25/24 at 3:12 pm to David_DJS
quote:
, I didn't have much of an opinion about it but was probably dismissive (but not negative). It's logical that for certain investors at certain times BTC doesn't make sense for their portfolio. But "it's a ponzi scheme!" ... "there's no use case!" is weird given I don't think these guys are stupid.
I would feel much better about BTC if Satoshi's wallets didn't exist, and if there weren't other options that are better on the technical side IMO (Ethereum mainly). I do have some and will hold for a long time, I just think there are some issues with it that people ignore because the general idea itself is so good and potentially so meaningful for the future of money long term.
Posted on 7/25/24 at 3:12 pm to David_DJS
Agreed …. there’s a use case for both BTC and gold.
Given the break from the petro dollar and the continued erosion of the USD , the demand for both assets should increase accordingly. Why not both?
Given the break from the petro dollar and the continued erosion of the USD , the demand for both assets should increase accordingly. Why not both?
This post was edited on 7/25/24 at 4:53 pm
Posted on 7/25/24 at 8:21 pm to VolSquatch
quote:
I would feel much better about BTC if Satoshi's wallets didn't exist, and if there weren't other options that are better on the technical side IMO (Ethereum mainly). I do have some and will hold for a long time, I just think there are some issues with it that people ignore because the general idea itself is so good and potentially so meaningful for the future of money long term.
To varying degrees I agree with all of this. There is no perfect investment/asset, and BTC definitely has its risks.
I used to be concerned about fedgov banning it, given at some level (at some point) it's a threat to the dollar. With the ETFs and now big money in the game, I don't worry about that any longer.
I'm not concerned so much about Satoshi's wallets but broadly/in the long run, I'm concerned about the technological integrity of BTC. I'm an engineer but not well-versed in software/coding and understand just the basics of the blockchain, so maybe my concern is based in ignorance - but can you imagine what would happen if the blockchain was somehow compromised?
Posted on 7/25/24 at 8:26 pm to cadillacattack
quote:
Given the break from the petro dollar and the continued erosion of the USD , the demand for both assets should increase accordingly. Why not both?
I own both but am much more heavily weighted in BTC because like a someone posted earlier, I see BTC in something like a "gold rush" phase and think early adopters (it's still very early) may see a windfall.
Posted on 7/26/24 at 8:08 am to David_DJS
More adoption
Crypto should be a conservative's wet dream, yet here we are 15 years later and conservatives can't see the forrest for the trees.
Crypto should be a conservative's wet dream, yet here we are 15 years later and conservatives can't see the forrest for the trees.
Posted on 7/26/24 at 8:52 am to tenderfoot tigah
#everythingtrumptouchesdies
This is a death signal for the sheeple ---stay away
This is a death signal for the sheeple ---stay away
Posted on 7/26/24 at 9:09 am to I Love Bama
quote:
None. I have been buying Bitcoin for roughly 10 years now and have not sold a single one.
Just curious- if you did sell any, what currency would you take for it?
Posted on 7/26/24 at 9:22 am to SlidellCajun
quote:
Just curious- if you did sell any, what currency would you take for it?
I see this weak attempt at a "haha gotem" but I would happily trade Bitcoin for other hard assets as a way to diversify my holdings. I have about 5-10 more years left of extremely high risk tolerance so I don't see any selling in the immediate future.
But to answer your question, if and when i do sell i will be rolling into Land, Gold, S&P 500 index, etc.
But why in the world would anyone want dollars? The only financial instrument we have that is 100% guaranteed to lose all its value over time.
Posted on 7/26/24 at 10:22 am to I Love Bama
quote:
But to answer your question, if and when i do sell i will be rolling into Land, Gold, S&P 500 index, etc.
In order to buy land in the US, you’d need American currency unless you found a seller willing to accept your bitcoin. Same for gold.
Not sure how you buy the S&P 500 with bitcoin though.
Point is, in just about every instance, it needs to be converted to US currency.
Why is that?
Posted on 7/26/24 at 10:28 am to tenderfoot tigah
Not sure if you realize but just 4 years ago, Trump cursed bitcoin as a scam against the US dollar.
Considering Trumps long experience with finance, debt, currency and investing, it’d be hard to believe that any patronage he’s giving to bitcoin or crypto currency now is anything more than political pandering.
Considering Trumps long experience with finance, debt, currency and investing, it’d be hard to believe that any patronage he’s giving to bitcoin or crypto currency now is anything more than political pandering.
Posted on 7/26/24 at 10:38 am to SlidellCajun
You're trying, I can see. But your IQ is just not enough to pull it off. Maybe some of your internet buddies can help you.
Adaption to something new takes time.
In the year 1815, do you think the world was interested in USD?
Of course not. They wanted Gold or the British Pound.
10 years ago, nobody wanted Bitcoin. Now, we have a presidential candidate simping for Bitcoin, it has entered the mainstream financial markets and is wanted all over the world.
With your IQ level, can you grasp that things change over time?
You are welcome to keep your wealth in USD. In fact, I encourage it. It's only lost 95% of its value since it's inception.
Let's see what the Federal Reserve charted out for us.
LINK
Adaption to something new takes time.
In the year 1815, do you think the world was interested in USD?
Of course not. They wanted Gold or the British Pound.
10 years ago, nobody wanted Bitcoin. Now, we have a presidential candidate simping for Bitcoin, it has entered the mainstream financial markets and is wanted all over the world.
With your IQ level, can you grasp that things change over time?
You are welcome to keep your wealth in USD. In fact, I encourage it. It's only lost 95% of its value since it's inception.
Let's see what the Federal Reserve charted out for us.
LINK
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