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re: President Trump signs crypto executive order to create a national digital asset stockpile
Posted on 7/31/24 at 11:04 pm to tenderfoot tigah
Posted on 7/31/24 at 11:04 pm to tenderfoot tigah
One of the difficult aspects to staying informed on crypto is that almost every source interested in providing information (as is the case for every single one of the tweets linked here and almost every thing you’ve said in this thread), is providing said information as part of a misguided bid to (somehow) increase the value of the subject matter they are speaking of. Like take gold. People talk about the economics of gold like most stocks - they can speak on what’s happening without owning it or with any personal stake in it, it’s just academics with some current events mixed in. Now crypto. Of course there’s ways to stay current on it with objective information, but when was the last time you heard anything positive or ostensibly “breaking” about crypto from someone who wasn’t a depraved bag-holder. Like for crying out loud didn’t someone say “it’s still early” in this thread? Excuse my “FUD,” but that’s appalling and there’s plenty of cesspool echo chambers on Reddit for all this.
3
Posted on 8/1/24 at 6:19 am to buckRogers
There can only be one Buck_Rogers
Posted on 8/1/24 at 6:53 am to buckRogers
quote:IF the Bitcoin thesis pans out, it is extremely early. There’s not really much discussion there. The debate is whether it has a shot at panning out.
Like for crying out loud didn’t someone say “it’s still early” in this thread? Excuse my “FUD,” but that’s appalling
Posted on 8/1/24 at 9:35 am to buckRogers
quote:
but when was the last time you heard anything positive or ostensibly “breaking” about crypto from someone who wasn’t a depraved bag-holder.
2 weeks ago. lol
Posted on 8/1/24 at 9:42 am to beaverfever
quote:
IF the Bitcoin thesis pans out, it is extremely early. There’s not really much discussion there. The debate is whether it has a shot at panning out.
They refuse to study economic history.
Before gold, people stored their value in grain, livestock, shells, other metals, etc.
I can't imagine how many people said "why would i want this shiny rock when my neighbor wants seashells to buy his cows milk"
Things change over time and value flows into the hardest assets. Bitcoin is now the hardest asset we have now and as more people understand it, more value will flow there.
Posted on 8/1/24 at 10:27 am to I Love Bama
quote:
Things change over time and value flows into the hardest assets. Bitcoin is now the hardest asset we have now and as more people understand it, more value will flow there.
Things that are and have been used for currency, generally have a value to the person making the exchange. The “currency” has a usage. Salt, furs… gold… they have a usable application for people. I’ve traded bicycles for electronic equipment. I traded a flat screen tv for some trim work on a home…
The USD has a widely accepted usage and is generally considered the strongest currency in the world. Clearly it’s got value in that sense.
Why not continue using it?
And what do you use bitcoin for other than trading with the hope that it’ll appreciate in value?
This post was edited on 8/1/24 at 10:43 am
Posted on 8/1/24 at 11:50 am to SlidellCajun
quote:
And what do you use bitcoin for other than trading with the hope that it’ll appreciate in value?
Firstly, you say this like we don't buy all other assets because we think they will go up. I don't know about you, but I buy the S&P500, real estate, gold, baseball cards, watches, etc because I think over time, it's value will go up relative to inflation.
I buy and hold Bitcoin for the same reason.
Secondly, I am not against the USA dollar per say. i think it will always be in my (our) best interest that we have a strong dollar.
I have placed my bets into bitcoin because no government issued currency can be trusted over long periods of time. Every single currency any government (including ours) has issued has destroyed all value in that currency. So since we know that is literally their goal as can be seen by studying history, why would i want to keep using it?
The USD is not going anywhere, but it will be replaced at some point like all government issued currencies throughout history have been.
This post was edited on 8/1/24 at 11:52 am
Posted on 8/1/24 at 4:10 pm to I Love Bama
I get where Slidell gets his views from - hes old and probably won't see any material change in the USD before he kicks the bucket. Those of us who have another 50+ years to go though - different outlook.
Posted on 8/1/24 at 4:24 pm to TigerTatorTots
quote:
get where Slidell gets his views from - hes old and probably won't see any material change in the USD before he kicks the bucket. Those of us who have another 50+ years to go though - different outlook.
Nah. I’m not that old. I’ve studied finance and I’ve been around long enough to know substance from shinola. Going through the dotcom boom-bust taught me some good lessons in valuation.
You bitcoin promoters just need to open your mind to the likely possibility that you’re just involved in a financial game of magic chairs. I think it’s very irresponsible for anyone to promote it without large caveat.
Fwiw- I own some bitcoin through a fund but it’s purely speculation. It’s a trade, not an investment and a low percentage. I’m willing to play the game with clear eyes and an open mind. I’m willing to profit from the greed that is the foundation of the rise of bitcoin.
This post was edited on 8/2/24 at 7:27 am
Posted on 8/1/24 at 8:31 pm to SlidellCajun
quote:
Going through the dotcom boom-bust taught me some good lessons in valuation.
Same here …. lessons learned the hard way.
Posted on 8/1/24 at 8:38 pm to I Love Bama
quote:
They refuse to study economic history.
Before gold, people stored their value in grain, livestock, shells, other metals, etc.
I can't imagine how many people said "why would i want this shiny rock when my neighbor wants seashells to buy his cows milk"
Things change over time and value flows into the hardest assets. Bitcoin is now the hardest asset we have now and as more people understand it, more value will flow there.
I'm confused by your position. Is BTC primarily a currency or an investment?
It's basically axiomatic that the better something is at being one of those things, the worse it is at being the other, so pretty please don't say "both".
Posted on 1/23/25 at 7:49 pm to tenderfoot tigah
Posted on 1/23/25 at 8:13 pm to tenderfoot tigah
quote:
If this is comes to fruition, BTC is going to be the fastest appreciating asset on the planet for a second decade in a row. I hope everyone is loaded up on Bitcoin.
Isn’t this what government is known for? manipulating prices and removing competition.
Posted on 1/24/25 at 1:20 pm to lsuconnman
quote:
Isn’t this what government is known for? manipulating prices and removing competition.
It's known for hoarding reserves of strategic resources and a decentralized trustless currency doesn't fall far behind guns and ammo in importance.
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