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re: For those looking to buy bitcoin..where is your entry point?
Posted on 6/18/22 at 9:53 pm to Perception
Posted on 6/18/22 at 9:53 pm to Perception
Money board
0
Posted on 6/18/22 at 9:55 pm to DomesticatedBoar
quote:
just a well-read, 20+ year, financial advisor
Then you've had a front row seat for the destruction of the once great USD. You can see them funneling value ever upward, while robbing the bank accounts of normal people. Do you think they can keep doing it forever?
quote:
That’s what gold thought.
Gold worked great for hundreds of years, and allowed American liberty and innovation to take us to the top of global cultural and economic dominance. Maniacal villains like Woodrow Wilson and Richard Nixon (among others) destroyed all that, in favor of tyrannical visions of world dominance through concentrated power.
Gold would theoretically still work, but BTC is much better due to speed of settlement, and instant validation.
This post was edited on 6/18/22 at 9:57 pm
Posted on 6/18/22 at 9:58 pm to Perception
Ima swap homie a pack of cigs for a coin next time I see his broke arse
Posted on 6/18/22 at 10:00 pm to TigerRad
quote:
It is a lodestone around the neck of American innovation and prosperity.
L. O. L.
The last 50 years (your timeframe) would suggest the polar oppo.
Typical btc cult member.
Posted on 6/18/22 at 10:02 pm to DomesticatedBoar
quote:
BTC =/= WAG or CVS
For sure, two are actual businesses with cash flows and the other is a greater fool phenomena fueled by cheap $. Gig is up.
Posted on 6/18/22 at 10:03 pm to j1897
quote:
37 trillion, by 2030, for an asset that's backed by nothing, and returns you 0.00% per year. The entire us stock market is only about 40 trillion. God damn the dumb is thick with this one.
If you add a zero as you typed that and I round up too the closest trillion it’s 9 trillion
Posted on 6/18/22 at 10:07 pm to DomesticatedBoar
The comparison to the dotcom boom is apt. We have the same dynamic of people who do not understand what they are investing in just throwing money at the new thing, and mostly getting ripped off for their ignorance. But during that time things like Amazon and Google and Paypal and a few thousand other projects were sound and right about the value of what they were doing. And had you bought them then, you'd be a happy guy now in spite of all the same kinds of FUD then as we have now. Bitcoin isn't going anywhere. Ethereum probably isn't either as long as they survive this fork to POS. Blockchain technology is the neuron map for whatever this AI next step in our evolution is. It's hard wired in us to make this thing apparently. And it's going to be the global reserve currency after Biden dirt naps the dollar.
Yeah I know that sounds insane.
Yeah I know that sounds insane.
Posted on 6/18/22 at 10:12 pm to MsState of mind
He said a zero or TWO.
Reading problems?
Reading problems?
Posted on 6/18/22 at 10:17 pm to cwill
quote:
The last 50 years (your timeframe) would suggest the polar oppo.
not at all
The size of government as a percentage of GDP has gone nowhere but through the roof. We now have the largest regulatory state apparatus in human history. It does nothing but restrain human creativity and cultural innovation.
Their ability to inflate themselves with fake, stolen, paper money has allowed this. Hospitals and schools are >50% administration and compliance. Our academic institutions at this point can't even produce a study with reproducible results. Progress in science and medicine are laughable compared to the previous 100 years. The people in charge literally care more about skin color and genitalia than creativity or innovation.
We have built hundreds of military bases all over the globe and bombed, droned, and displaced millions of innocents on every continent but Australia and Antarctica.
All impossible without fiat.
Americans are far stupider, fatter, more depressed, lazier, and more dismissive of the future than ever before.
Thanks to fiat.
Posted on 6/18/22 at 10:21 pm to TigerRad
That war thing is one of the cooler deals about bitcoin becoming the global reserve currency.
Kinda hard to fund wars when you can't just shite money at will.
Kinda hard to fund wars when you can't just shite money at will.
Posted on 6/18/22 at 10:32 pm to Captain Rumbeard
The Federal Reserve is one of the greatest cons on the American people in history. I highly suggest everyone study up on them. It's completely absurd that they exist.
The Federal Reserve was tried 3 other times in American history and it led to 1000% inflation and complete failure every time it was tried. History repeats itself.
The Federal Reserve was tried 3 other times in American history and it led to 1000% inflation and complete failure every time it was tried. History repeats itself.
Posted on 6/18/22 at 11:20 pm to TigerRad
quote:
The federal reserve is a literal gang of criminals that skims value from American productivity, and siphons it off to a totally unproductive oligarchic political class. They can only get away with it for so long, especially now that the people have an alternative to the melting ice cube that is government paper. The people of this planet will indeed wake up to these facts and the reserve status will die. It will be in my lifetime.
This ^^^ is very close to the absolute truth.
Posted on 6/19/22 at 1:21 am to Perception
You can by as little as you want. My advice would be don't put a penny in it until it approaches 12k and only make it a small part of your portfolio (i.e. what you're literally letting to to 0 worst case)
Let that ride and if it goes to the moon sell half and keep half.
Let that ride and if it goes to the moon sell half and keep half.
Posted on 6/19/22 at 5:47 am to Perception
Half when it gets to tree fiddy.
Posted on 6/19/22 at 5:48 am to TigerRad
quote:
BTC is backed by an immutable and interminable computer network. It is the assett.
Exactly. Block-chain technology is expanding and the blocks have to be verified. No one is going to do it for free. Ethereum has apps built on it and some companies are already moving their supply chains there. It is foolish to think that BTC will go to zero. The bubble certainly popped, but it will not go away.
Posted on 6/19/22 at 6:03 am to Perception
money board
Posted on 6/19/22 at 6:21 am to Captain Rumbeard
Everyone here seems to be a bitcoin maxi or minimalist. Your point about the dot coms is exactly correct.
Btc was the gateway, crypto protocols are advancing beyond what btc is capable of. BTC very well not make it in the very long-term, but decentralized encrypted ledgers are here to stay and there are several utility networks already established.
There are governments developing services on the back of “crypto” and blockchain technology.
Yet daily, we have mouth breathers still using the same played out comparisons to flowers. I guess they just feel a strong need to put their complete ignorance on display.
I will agree that if someone is that ignorant on a subject, its best if they refrain from investing in it. But atleast try to have some self awareness about how little you actually know.
Btc was the gateway, crypto protocols are advancing beyond what btc is capable of. BTC very well not make it in the very long-term, but decentralized encrypted ledgers are here to stay and there are several utility networks already established.
There are governments developing services on the back of “crypto” and blockchain technology.
Yet daily, we have mouth breathers still using the same played out comparisons to flowers. I guess they just feel a strong need to put their complete ignorance on display.
I will agree that if someone is that ignorant on a subject, its best if they refrain from investing in it. But atleast try to have some self awareness about how little you actually know.
This post was edited on 6/19/22 at 6:32 am
Posted on 6/19/22 at 7:05 am to Captain Rumbeard
My concern is that Wall Street is now in on the gig. They can manipulate it to some extent just as JPM does with price of silver. I got out completely in March and have serious reservations about getting back in.
Posted on 6/19/22 at 7:36 am to Chingon Ag
"buy the dip" has worked in the past. doesn't mean it will work in the future.
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