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re: What’s causing the sudden crypto run up?
Posted on 8/27/26 at 5:38 pm to cgrand
Posted on 8/27/26 at 5:38 pm to cgrand
quote:
To me this is the disconnect. You’d have to trade your bitcoin for the very same fiat currency that bitcoin is supposed to replace, and the very same fiat currency that we are being told over and over again is going to collapse. And yet, you can’t buy anything with your bitcoin until you convert it.
It doesn’t make any sense from the outside looking in
In this sense, consider it the same way you do gold. Many buy gold as a store of value. They buy gold with US dollars because they believe that somewhere down the road, when they need the value stored in the gold to live on/buy something, they'll sell the gold for US dollars and will, at that point in time, hold many more dollars/more purchasing power than if they had never exchanged USD for gold in the first place.
Whether you believe BTC is a credible store of value or not, the concept isn't hard to understand.
Posted on 8/27/26 at 6:03 pm to David_DJS
That exact example has been explained many times on this board to the same usual characters but they still ask that same question. I cannot understand how their brain cannot get it
This post was edited on 8/27/26 at 6:05 pm
Posted on 8/27/26 at 6:08 pm to TigerTatorTots
I have a small stake in FTBC and I own shares in CME who provides a market for crypto derivatives.
I don’t have a deep understanding of the blockchain or bitcoin in general, but extragovernmental currency makes sense to me bc governments will always monetize all debts.
I had a small stake in COIN, but sold it years ago.
I don’t have a deep understanding of the blockchain or bitcoin in general, but extragovernmental currency makes sense to me bc governments will always monetize all debts.
I had a small stake in COIN, but sold it years ago.
Posted on 8/27/26 at 7:15 pm to David_DJS
So you’d consider BTC to be a defensive asset not a speculative risk asset? Because it behaves more like the latter than the former. And to the guy above me, we all understand what a “store of value” asset is 
Or at least what it should be…a non degradable asset that society has agreed has value that resists volatility and can be used as a defense against macroeconomic shocks. A safe haven as it were. Again, BTC does not behave like that
carry on
Or at least what it should be…a non degradable asset that society has agreed has value that resists volatility and can be used as a defense against macroeconomic shocks. A safe haven as it were. Again, BTC does not behave like that
carry on
Posted on 8/27/26 at 8:46 pm to cgrand
Neither did gold, for a decade. Long enough time horizon and it will
Posted on 8/27/26 at 9:12 pm to TigerTatorTots
That is your opinion
so you are in agreement that it’s not that some people don’t “get” BTC, it’s that some people don’t believe it’s an investment asset? A difference of opinion
so you are in agreement that it’s not that some people don’t “get” BTC, it’s that some people don’t believe it’s an investment asset? A difference of opinion
This post was edited on 8/27/26 at 9:13 pm
Posted on 8/28/26 at 7:00 am to cgrand
quote:From my experience, what people tend to not “get” is fiat. I’ve met a lot of gold bugs and bitcoiners that don’t even get it.
so you are in agreement that it’s not that some people don’t “get” BTC
Posted on 8/28/26 at 9:08 am to David_DJS
quote:
somewhere down the road, when they need the value stored in the gold to live on/buy something, they'll sell the gold for US dollars and will, at that point in time, hold many more dollars/more purchasing power than if they had never exchanged USD for gold in the first place. Whether you believe BTC is a credible store of value or not, the concept isn't hard to understand.
I think it’s a store of value kinda like collectibles can be a store of value except it’s not a material thing but rather a digital thing.
As for gold, it’s a material thing. It has use in industrial and civilian life. That gives a level of value outside of market value. Same for any precious metal.
And gold can be used peer to peer as currency. I’ve actually traded gold for remediation service when there was no access to cash. I would have a tough time doing that with bitcoin but I guess it could be possible.
At this point with the volatility in bitcoin it’s a poor store of value and even worse currency. Maybe that’ll some day change but I’d be cautious.
Posted on 8/28/26 at 9:10 am to TigerTatorTots
quote:
That exact example has been explained many times on this board to the same usual characters but they still ask that same question. I cannot understand how their brain cannot get it
This is the typical message board response. It’s not that hard to “get” but for some reason people who are hardline on crypto and bitcoin in particular try to make it seem like they’re the only ones who “get” it. But they aren’t. They’re just not open minded enough to see that there’s another take
Posted on 8/28/26 at 9:26 am to cgrand
quote:Gold not being a good store of value from ~2011-~2020 is most definitely not "my opinion". It is a factual statement. But I'd never say gold isn't a good store of value because over a long enough horizon, it does work. My same argument for bitcoin. It is easy to cherry pick dates on a chart to show how it is bad but zooming out and it almost never is.
That is your opinion
quote:Yes and no. Not understanding bitcoin, how it works, where it comes from, how to store it, how it operates, etc I won't hold that against anyone for not "getting it". The one concept that contributes to its investability over the long term is its scarcity aspect. If there is anything someone should understand about bitcoin before writing it off, it is knowing that a fixed supply, over a long enough time frame with steady demand, will preserve the value of the constantly debased currency you use to buy it.
so you are in agreement that it’s not that some people don’t “get” BTC, it’s that some people don’t believe it’s an investment asset?
Posted on 8/28/26 at 9:28 am to SlidellCajun
quote:Shocked that you think my response is about not getting bitcoin but in reality it is about not understanding a very simple analogy.
This is the typical message board response. It’s not that hard to “get” but for some reason people who are hardline on crypto and bitcoin in particular try to make it seem like they’re the only ones who “get” it. But they aren’t. They’re just not open minded enough to see that there’s another take
You still going to ask the same question next month? I'll put the same exact response because this was the ~20th time the store of value analogy has been explained to you.
And the dude even said in his post "Whether you believe BTC is a credible store of value or not, the concept isn't hard to understand." yet instead of acknowledging the concept, you go on talking about gold having industrial use and physical attributes of things and blah blah blah that isn't the point. Maybe unintential but your moving of goalposts and refusal to acknoledge the concept at hand is exhausting
And here I am getting sucked in again to Slidell's nonsense
This post was edited on 8/28/26 at 9:35 am
Posted on 8/28/26 at 9:57 am to SlidellCajun
What about being a transactional currency adds intrinsic value? USD is the most useful transactional currency across the entire globe yet a god awful place to sit your wealth. I differ from anyone who claims thats the end game here. Because you were able to trade bits of gold for something one time, has nothing to do with the value of gold. Its simply network acceptance and scarcity, I dont think the 7 to 10% or so if industrial use really matters at all to the value of gold. I would even say that as of today, btc probably has more utility and convenience to transact in then gold, but I couldnt care less whether gold or btc is a better transactional currency.
And if we are using the same script of the last decade, im sure the respone will be, but in 2016 someone told me btc would replace the dollar! even though at that time, most btc Maxmilists fully acknowledged the btc layer could not be a global transaction layer, and the lightning network was going to accomplish that. Its irrelevent to me, I never once thought btc was going to replace other currencies in day to day transactions, I simply think its harder than the usd, and it is, because its hard programed to be in a way that nothing else can compare to in stock to flow terms, even gold. I own both, when QE , or whatever they call it, is talked about or in effect, both gold and btc will increase in value when measured by usd because its almost mathematically guaranteed. Look at what just happened because bessant mentioned buying bonds in a volume that was beyond insignificant, but boom both of these assets we are discussing start rolling because the usd ruler is changing, while things with high stock to flow are changing at a smaller rate. Btc has one of the most favorable stock to flow formulas in the universe, but doesnt have other things that gold does.
In summary, you guys can continue the same scripted circular argument we've been having for the last decade or 2 , but I think its pointless.
Eta: This is why ive never understood eth, maybe its more "useful" than btc but thats something that is not high on the totem pole for why something is "valuable"
And if we are using the same script of the last decade, im sure the respone will be, but in 2016 someone told me btc would replace the dollar! even though at that time, most btc Maxmilists fully acknowledged the btc layer could not be a global transaction layer, and the lightning network was going to accomplish that. Its irrelevent to me, I never once thought btc was going to replace other currencies in day to day transactions, I simply think its harder than the usd, and it is, because its hard programed to be in a way that nothing else can compare to in stock to flow terms, even gold. I own both, when QE , or whatever they call it, is talked about or in effect, both gold and btc will increase in value when measured by usd because its almost mathematically guaranteed. Look at what just happened because bessant mentioned buying bonds in a volume that was beyond insignificant, but boom both of these assets we are discussing start rolling because the usd ruler is changing, while things with high stock to flow are changing at a smaller rate. Btc has one of the most favorable stock to flow formulas in the universe, but doesnt have other things that gold does.
In summary, you guys can continue the same scripted circular argument we've been having for the last decade or 2 , but I think its pointless.
Eta: This is why ive never understood eth, maybe its more "useful" than btc but thats something that is not high on the totem pole for why something is "valuable"
This post was edited on 8/28/26 at 1:23 pm
Posted on 8/28/26 at 10:01 am to TigerTatorTots
quote:
The one concept that contributes to its investability over the long term is its scarcity aspect. If there is anything someone should understand about bitcoin before writing it off, it is knowing that a fixed supply, over a long enough time frame with steady demand, will preserve the value of the constantly debased currency you use to buy it.
Just like my fingernail clippings. If you want to diversify into that market, I know someone that can help get you started.
Posted on 8/28/26 at 10:08 am to lsuconnman
Poor example, constant supply, governed by a single entity, low security
Posted on 8/28/26 at 10:59 am to TigerTatorTots
quote:
You still going to ask the same question next month? I'll put the same exact response because this was the ~20th time the store of value analogy has been explained to you.
I’ve posted agreement that it’s a store of value. No argument there.
It’s just not a very good one. There are better options.
To recap- I think everyone agrees with the following-
1. Bitcoin is a store of value
2. Bitcoin is a currency
3. Bitcoin is an “investment” *
The questions are
- are there better options for 1&2. I say there are better options.
* I think it’s a trade but it’s semantics
All of the above is not hard to understand so neither you nor anyone else needs to concern yourselves with whether or not we’re smart enough or enlightened.
This post was edited on 8/29/26 at 10:47 pm
Posted on 8/28/26 at 11:26 am to TigerTatorTots
quote:
Poor example, constant supply, governed by a single entity, low security
Wrong. Finite lifetime, DNA one of a kind.
If you want to hear more about this exciting opportunity, PM me. Institutional investors only, but many people qualify and don’t even realize it. Remember past results don’t guarantee future gains.
Posted on 8/28/26 at 1:44 pm to cgrand
quote:
So you’d consider BTC to be a defensive asset not a speculative risk asset? Because it behaves more like the latter than the former. And to the guy above me, we all understand what a “store of value” asset is
Or at least what it should be…a non degradable asset that society has agreed has value that resists volatility and can be used as a defense against macroeconomic shocks. A safe haven as it were. Again, BTC does not behave like that
carry on
What does any of this have to do with the post I responded to or my response? Curious.
quote:
And to the guy above me, we all understand what a “store of value” asset is
The Slide guy doesn't, or pretends not to.
quote:
a non degradable asset that society has agreed has value that resists volatility and can be used as a defense against macroeconomic shocks.
Name that asset. I can't think of a single one.
Posted on 8/28/26 at 2:25 pm to lsuconnman
quote:If they’re supported by 900 eh/s I’ll listen.
If you want to hear more about this exciting opportunity, PM me. Institutional investors only, but many people qualify and don’t even realize it. Remember past results don’t guarantee future gains.
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