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1
Posted on 3/1/24 at 2:08 pm to slackster
quote:
supply and demand is the only reason any asset goes up. Hard to knock crypto for that.
In a simplistic way, it’s true but the deeper question which was implied in my original post is-
Why is there demand?
Posted on 3/1/24 at 2:11 pm to montana
quote:
They warned us that it will crash, and have a run during the next election cycle.
That’s interesting. What would be the rationale for a run during an election cycle?
Posted on 3/2/24 at 7:57 am to slackster
Perceptive Capital and MultiCoin.
Posted on 3/2/24 at 8:03 am to SlidellCajun
You can only buy at the end of the month. Crypto was making people millions. As soon as Nov 30, 2021 came around we bought in heavily (at the peak). Terrible case of FOMO.
If we would have waited 3 months, could have bought at the bottom.
If we would have waited 3 months, could have bought at the bottom.
Posted on 3/2/24 at 9:16 am to montana
(no message)
This post was edited on 3/21/24 at 12:14 pm
Posted on 3/3/24 at 8:15 am to SlidellCajun
General question for anyone. I have reading and trying to understand BTC for a while.
Can I purchase goods and/or services with bitcoins?
Now I am just a simple baw.
I live way up in the frozen-chosen of NELA. I have yet to find a place of business that accepts bitcoin(s) as payment.
I have yet stopped off at a filling station to purchase fuel for my truck and pay with bitcoins. Same with the grocery store, doctors office, furniture store, auto dealership...
Maybe its just where I live but until I can walk into a place of business and purchase something with a bitcoin(s), I see no practical use for it other than a speculative 'investment'
Can I purchase goods and/or services with bitcoins?
Now I am just a simple baw.
I live way up in the frozen-chosen of NELA. I have yet to find a place of business that accepts bitcoin(s) as payment.
I have yet stopped off at a filling station to purchase fuel for my truck and pay with bitcoins. Same with the grocery store, doctors office, furniture store, auto dealership...
Maybe its just where I live but until I can walk into a place of business and purchase something with a bitcoin(s), I see no practical use for it other than a speculative 'investment'
Posted on 3/3/24 at 8:38 am to montana
quote:
Perceptive Capital and MultiCoin.
Perceptive Capital is essentially no where to be found in the internet. No website functionality, nothing on social media except a CEO who is posting free Palestine content. I’d be very careful there…
Posted on 3/3/24 at 12:13 pm to oneg8rh8r
I’m sorry, but I just don’t see Bitcoin as a viable store of wealth if shite truly hits the fan economically.
How is it better than gold?
Make it make sense for me.
How is it better than gold?
Make it make sense for me.
Posted on 3/3/24 at 2:31 pm to I Love Bama
quote:
If only there was someone in money talk who told you this was going to happen as it’s guaranteed. It’s math. It’s programmed.
Probably the same someone that said the whole stock market was going to crash multiple times in the last few years as well.
Posted on 3/3/24 at 3:19 pm to Warfox
Explain why you don’t think its better than gold.
There are other forms of wealth storage besides gold that function well. Btc is one of those, it just so happens to be digital and can be transferred instantly around the globe without intermediaries.
There are other forms of wealth storage besides gold that function well. Btc is one of those, it just so happens to be digital and can be transferred instantly around the globe without intermediaries.
Posted on 3/3/24 at 5:50 pm to FLObserver
quote:
Probably the same someone that said the whole stock market was going to crash multiple times in the last few years as well.
I'll own that L.
Posted on 3/4/24 at 2:15 am to The Baker
quote:
There are other forms of wealth storage besides gold that function well. Btc is one of those, it just so happens to be digital and can be transferred instantly around the globe without intermediaries.
Which makes it better than gold in the digital age.
Posted on 3/4/24 at 6:35 am to SlidellCajun
If you're asking this, then you haven't seen anything yet. Wait until Q1 of 2025.
Posted on 3/4/24 at 6:56 am to The Baker
quote:
Explain why you don’t think its better than gold.
Gold is an actual physical commodity that can be used in many applications. That gives it real, instrinsic value. It’s useful in daily life as a material.
Posted on 3/4/24 at 7:13 am to goodgrin
quote:
If you're asking this, then you haven't seen anything yet. Wait until Q1 of 2025.
Not sure I follow. I was asking about the RECENT run up of bitcoin and there’s no way that I can see the future so no real point in posting the question-
“Why is bitcoin going to soar in Q1 of 2025” since it hasn't happened yet. It’s future tense.
I guess we can all wait until then to pose that question but until then, I’ll pose the question to you of “why will it soar in Q1 of 2025?”
Posted on 3/4/24 at 7:59 am to SlidellCajun
~9% of gold’s value is tied to its industrial use
~91% of its value is tied to people perceiving it as valuable
Using Gold as an example of a store of value that has value because of its use is not great.
~91% of its value is tied to people perceiving it as valuable
Using Gold as an example of a store of value that has value because of its use is not great.
Posted on 3/4/24 at 10:39 am to TigerTatorTots
quote:
~9% of gold’s value is tied to its industrial use ~91% of its value is tied to people perceiving it as valuable
Not really sure that accurate or how you could even know those figures.
It’d be interesting to know what percentage of bitcoin’s value is tied to its intrinsic use and what percentage is tied to its perceived value.
I’d imagine it would be almost all perceived value since the actual usage of bitcoin is limited.
This post was edited on 3/4/24 at 11:34 am
Posted on 3/4/24 at 10:52 am to LSUregit
Don’t the feds and the global elite have a real interest in making bitcoin successful? Doesn’t it make it easier for them to further their agenda?
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