I starred it because I dont deal in absolutes.

I'm not in more then I can bear to lose.

Your tone seems angry which is weird. I laid a case out and there are cases to be made otherwise.

If you're angry because you think you missed out, toss $500 or $1000 on an exchange and let it ride over this next year.

BOOM!

https://www.cnbc.com/amp/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html


You still holdin Oprah?

You know...I just got into this myself, mainly because in my state sports gambling isn't legal yet and the sports book I want to place bets with really only accepts bitcoin.

I put in $500 on Friday, unbeknownst to me, that there's a 3-day hold after using a card. Didn't get to place my bets last night.

However, opened my Blockchain this morning and I've gained a 15% increase.

I certainly wouldn't put in what I can withstand losing, but looking at my savings account that makes peanuts every year, it is a very tempting option.

BTC going to break $100,000 this year

yes.

If Apple makes a 1-10% allocation with the 200 billion cash they have laying around melting at 20% a year then shit will get totally insane real quick.

Tesla is just the first major.

What we saw with MSTR is for the people that couldnt get exposure through traditional means they bought MSTR. MSTR traded around $100-120 forever. Today they hit $1040.

If you are a CEO of a mid major every shareholder in your company is asking WTF!?

Has anyone seen how much Bitcoin has gone up these days? do you think before the end of the year, will the price double to bitcoin?

For those of you who are hesitant about Bitcoin I would suggest reading or getting the audio book for the Bitcoin Standard and also reading Bitcoin: Hard money you can't fu*k with.

I've been buying it since May and the returns have been amazing. Concerned about the exchange you are buying from getting hacked? Buy a cold storage wallet like a Trezor or Nano and take your coins off of the exchange. Problem solved.

Also, you don't have to buy an entire coin. You can buy fractions of coins for any dollar amount. (Satoshi's)

The value of Bitcoin is going and the dollar is PLUNGING.

Lol, anyone into Bitcoin? More like, everyone into Bitcoin because that thing is real.

Anyone earning pi currency? I jumped in with a 1 pi unit from an invite and been earning a little everyday. I don’t think there is much value in it yet as it’s not trading on the markets.

So.... how's that Bitcoin looking now.

I'll be glad when all this cyrptocurrency BS finally dies off.
But I bet it will take several more years. After which there will be some other new fad for people to waste their time & money on.

Warren Buffet said at the annual meeting a few weeks ago that he knows it is going to end badly, he just doesn't know when. The only real value is what the next person will pay for it, it doesn't produce anything. I should add: I owned a very small amount for a short period of time, I decided it's not for me.

Cryptocurrency will come and go but blockchain technology and use will continue to grow. There's too many possible uses for it and we have only scratched the surface at this point.

I know a fellow who views Crypto as a sort of Ponzi scheme.

Its doing fine. Bitcoin price in USD terms does this all the time.

Unlike most of the other "Crypto Currencies" Bitcoin is a trustless decentralized monetary system. There is no Government or Corporation in control of the monetary policy. Satoshi himself cannot change Bitcoin any more than you or I can.


There is proposed upgrade currently taking place called Taproot. If it does not reach consensus it will fail. In the past there was a proposal that was advantageous to the miners but the nodes ie people signaled NO. Unlike most other crypto Bitcoin nodes can run on a Raspberry PI.

People in countries like El Salvador, Nigeria etc are able to transact with other people globally. Many of these people have to take an entire day walk to get to a bank.

Governments have relentlessly debased their currencies value by printing money out of thin air. USD which El Salvador is on gets debased buy no fault of their own, and they do not get stimulus checks. They simply get fisted.

If you have some environmental issue, Bitcoin does not require you to dig holes in the earth, does not require a Military, does not require banks. Many studies have concluded Bitcoin incentivizes cheap energy sources which is increasingly becoming renewables ala wind, solar, nuclear, nat gas, and hydro. It is already about 70-75% mined via renewables.

You seem to have a uninformed illogical view towards Bitcoin. If you do not wish to use it then dont. But there is not a relevant argument against Bitcoin that I have yet found. Its one of the most beautiful machines ever made.