0.000615

0.0000

- KKM

* YTD BTC profit = $19.

{ sipping coffee }

{ eating donut }

Go Bears!

BaylorGuy314 said:

---

Bitcoin has it's place. It's a great way to do private transactions. I, for one, pay all my hookers in bitcoin, for example.

In all seriousness, it's value as an investment tool is dumb and is easy to replicate with blockchain tech. It has no underlying value because it's not backed by anything. Why not virtual Shrute Bucks instead?

---

Yes, but it's impossible to just toss it on the bed after you're finished, as is the tradition.

Ten foot pole. The little Japanese guy in the basement says Bitcoin has value. And he wrote a white paper! Sorry. I am still skeptical.

That is all.

RD2WINAGNBEAR86 said:

---

Ten foot pole. The little Japanese guy in the basement says Bitcoin has value. And he wrote a white paper! Sorry. I am still skeptical.

That is all.

---

Limited supply is only part of the equation.

This is an interesting interview,

https://rumble.com/v5y6jtw-why-the-intel-agencies-want-to-track-your-every-transaction-and-throw-roger.html

RD2WINAGNBEAR86 said:

---

Ten foot pole. The little Japanese guy in the basement says Bitcoin has value. And he wrote a white paper! Sorry. I am still skeptical.

That is all.

---

So its at 100k now and Blackrock, Fidelity, Vanguard all have etfs. Will you still be skeptical at a million? 10 million? I was skeptical of Tesla back when it first went to 100. I had a Tsla 100 call and flipped it for a couple grand bc I thought Tesla's market cap was ridiculous compared to GM. I wish I wouldve exercised that call and held bc I failed to realize that Tesla is more than a car company but its a future technology company. Bitcoin is similar in that its a disruptor and new innovation similar to amazon, google etc. Its not going away and the fact that Trump has announced that the US will have a strategic BTC reserve of 1 million coins is huge.

Hope you do well with your Bitcoin, muddy. Bitcoin is not my playground. Maybe one day I will have enough extra investment cash/ disposable income to take a position in Bitcoin. I'm not there yet. For now I will follow Warren Buffett's advice. "Never invest in something you don't understand."

RD2WINAGNBEAR86 said:

---

Hope you do well with your Bitcoin, muddy. Bitcoin is not my playground. Maybe one day I will have enough extra investment cash/ disposable income to take a position in Bitcoin. I'm not there yet. For now I will follow Warren Buffett's advice. "Never invest in something you don't understand."

---

Ive already done well. I loaded bitcoin sub 20k when everyone said its going to 0. Be careful listening to rich people like Warren Buffet. They tell you what they want you to hear. Jamie Dimon was hating the crap out of Bitcoin but we know behind the scenes he was buying. You dont pump your bags until theyre packed and then once the train has left the station you dump your bags on the late comers....rinse and repeat.

muddybrazos said:

---

RD2WINAGNBEAR86 said:

---

Hope you do well with your Bitcoin, muddy. Bitcoin is not my playground. Maybe one day I will have enough extra investment cash/ disposable income to take a position in Bitcoin. I'm not there yet. For now I will follow Warren Buffett's advice. "Never invest in something you don't understand."

---

You dont pump your bags until theyre packed and then once the train has left the station you dump your bags on the late comers....rinse and repeat.

---

You have just perfectly described a Ponzi scheme! And I agree with you. I will pass. Gonna be a spectator and not an active participant waiting for the music to stop!

RD2WINAGNBEAR86 said:

---

muddybrazos said:

---

RD2WINAGNBEAR86 said:

---

Hope you do well with your Bitcoin, muddy. Bitcoin is not my playground. Maybe one day I will have enough extra investment cash/ disposable income to take a position in Bitcoin. I'm not there yet. For now I will follow Warren Buffett's advice. "Never invest in something you don't understand."

---

You dont pump your bags until theyre packed and then once the train has left the station you dump your bags on the late comers....rinse and repeat.

---

You have just perfectly described a Ponzi scheme! And I agree with you. I will pass. Gonna be a spectator and not an active participant waiting for the music to stop!

---

Its not a ponzi, though. This is how the big boys play the game.( google Wycoff accumulation and distribtuion). The good news is that the big boys are the late comers and bitcoin has a finite supply that is held by long term hodlers that will NEVER sell. A ponzi doesnt have a finite supply. You need to read up and learn about what BTC actually is or just go watch an Anthony Pompliano youtube. There are not enough bitcoin in the circulating supply for every millionaire in the world to have 1. If you have 1 then you will be in the under 1% of the world.

🇺🇸 FINK: “I was wrong about #Bitcoin”

When the CEO of BlackRock, managing $13 TRILLION in assets, admits he was wrong — you listen.$BTC is history in the making. pic.twitter.com/KND6gsDBJ5

— Cointelegraph (@Cointelegraph) September 17, 2024

muddybrazos said:

---

RD2WINAGNBEAR86 said:

---

muddybrazos said:

---

RD2WINAGNBEAR86 said:

---

Hope you do well with your Bitcoin, muddy. Bitcoin is not my playground. Maybe one day I will have enough extra investment cash/ disposable income to take a position in Bitcoin. I'm not there yet. For now I will follow Warren Buffett's advice. "Never invest in something you don't understand."

---

You dont pump your bags until theyre packed and then once the train has left the station you dump your bags on the late comers....rinse and repeat.

---

You have just perfectly described a Ponzi scheme! And I agree with you. I will pass. Gonna be a spectator and not an active participant waiting for the music to stop!

---

Its not a ponzi, though. This is how the big boys play the game.( google Wycoff accumulation and distribtuion). The good news is that the big boys are the late comers and bitcoin has a finite supply that is held by long term hodlers that will NEVER sell. A ponzi doesnt have a finite supply. You need to read up and learn about what BTC actually is or just go watch an Anthony Pompliano youtube. There are not enough bitcoin in the circulating supply for every millionaire in the world to have 1. If you have 1 then you will be in the under 1% of the world.

---

A finite supply of Bitcoin according to who? Who is they? There will only be 21 million Bitcoins made according to "they"? The little Japanese guy that invented Bitcoin and wrote the white paper in his basement? Gonna be fun to watch. Best of luck!

You guys are talking Old Aramaic translated into Japanese by a 10th century Portuguese sailor to me

Assassin said:

---

You guys are talking Old Aramaic translated into Japanese by a 10th century Portuguese sailor to me

---

That is one of the better descriptions of Bitcoin I have heard.

RD2WINAGNBEAR86 said:

---

muddybrazos said:

---

RD2WINAGNBEAR86 said:

---

Hope you do well with your Bitcoin, muddy. Bitcoin is not my playground. Maybe one day I will have enough extra investment cash/ disposable income to take a position in Bitcoin. I'm not there yet. For now I will follow Warren Buffett's advice. "Never invest in something you don't understand."

---

You dont pump your bags until theyre packed and then once the train has left the station you dump your bags on the late comers....rinse and repeat.

---

You have just perfectly described a Ponzi scheme! And I agree with you. I will pass. Gonna be a spectator and not an active participant waiting for the music to stop!

---

It's a scam. The value of bitcoin right now is speculative. It's worth more now BECAUSE people like BlackRock got involved not because it's actually worth more.

That does not mean some people aren't getting filthy rich with it because they have and they are.

It means when the BRs of the world are done with their pump and dump a lot of smaller players are going to get wiped out.

Bitcoin isn't even interesting. The block chain is. Bitcoin, in and of itself, is nothing more than a way for shady people to pay other shady people in some awful parts of the world.

Governments changed their tune because what they want is CBDCs and this is about a half step from it.

Quote:

---

It's a scam. The value of bitcoin right now is speculative. It's worth more now BECAUSE people like BlackRock got involved not because it's actually worth more.

---

True, but that could be said about anything. Demand drives prices up. A lack of demand drives them down.

Quote:

---

Governments changed their tune because what they want is CBDCs and this is about a half step from it.

---

Also true. Whatever Bitcoin is, it is in no way anonymous. I could easily see a scenario in which blockchain technology is co-opted to run a CBDC, without the restriction of limited supply. Can't send 10 billion here, 20 billion there if your currency units have limited supply. The print and devalue equation breaks down.

Realitybites said:

---

Quote:

---

It's a scam. The value of bitcoin right now is speculative. It's worth more now BECAUSE people like BlackRock got involved not because it's actually worth more.

---

True, but that could be said about anything. Demand drives prices up. A lack of demand drives them down.

---

That's true except bitcoin is non tangible and the supply is finite.

The amount of bitcoin can't go up (in theory) and it can't go down (except for lost wallets, for example).

Demand, in this instance, is strictly about speculative value. This is why you see it go to the moon and crash to the floor fairly regularly.

Ie people don't want bitcoins to buy stuff. The demand for bitcoin (for the vast majority of owners) isn't about your ability to transact in places where a corrupt regime can confiscate your cash or manipulate its value. That *is* bitcoin's (and other digital currencies) inherent value.

The demand is entirely about speculation that its value will rise and you'll make money on the transaction.

Or do you want to argue doge coin is really valuable as well?

Interesting edit:
I am not a believer in digital currencies. I am a very large believer in the blockchain.

I would argue the bigger evil involved in a CBDC is the government's ability to de-bank anyone who disagrees with them. Something they actually already did both here and in Canada.

Guys this world is going digital. The physical world is becoming less important to each new generation, and the digital world is becoming more important.

Kids want to spend their money on Roblox and Minecraft and Spotify subscriptions.

Bitcoin is just digital gold. In the past everyone bought gold because they valued it. There is no inherent value to gold other than what we put on it. Same with bitcoin. The kids are buying bitcoin instead of gold.

On top of the kids however, money managers are quickly going from losing their jobs for holding bitcoin, to losing their jobs for not holding bitcoin. Institutions have accepted it and are quickly requiring it. You think $100k is high? These guys will take it to $500k-$1 million easy with their buying.

hodedofome said:

---

Guys this world is going digital. The physical world is becoming less important to each new generation, and the digital world is becoming more important.

Kids want to spend their money on Roblox and Minecraft and Spotify subscriptions.

Bitcoin is just digital gold. In the past everyone bought gold because they valued it. There is no inherent value to gold other than what we put on it. Same with bitcoin. The kids are buying bitcoin instead of gold.

On top of the kids however, money managers are quickly going from losing their jobs for holding bitcoin, to losing their jobs for not holding bitcoin. Institutions have accepted it and are quickly requiring it. You think $100k is high? These guys will take it to $500k-$1 million easy with their buying.

---

It's not digital gold and it's price isn't being driven by my 17 year old and his Minecraft buddies

Quote:

---

Ie people don't want bitcoins to buy stuff. The demand for bitcoin (for the vast majority of owners) isn't about your ability to transact in places where a corrupt regime can confiscate your cash or manipulate its value. That *is* bitcoin's (and other digital currencies) inherent value.

The demand is entirely about speculation that its value will rise and you'll make money on the transaction.

---

100%.

That's the biggest issue with calling any of this a crypto *currency* right now. It fails both the store of value and medium of exchange tests.

Transacting with it is like transacting exclusively in wire transfers (slow and expensive), although you'll find far more people willing to accept payment in wire transfers than transfers from a bitcoin wallet.

hodedofome said:

---

Guys this world is going digital. The physical world is becoming less important to each new generation, and the digital world is becoming more important.

---

That does not mean we have to like it. There is nothing better than the physical / human touch. Porn is no replacement for making love to a beautiful woman. A pill will never replace the taste of a medium rare prime rib and a glass of Cabernet Sauvignon. Photos are fine, but they cannot replace the feeling of holding your grandchild in your arms.

Digital has a place to make our lives easier up to a point. Don't ever want us to lose our humanity.

I would rather have the physical thing too, but if that's the way the world is heading I don't mind profiting from it.

nein51 said:

---

hodedofome said:

---

Guys this world is going digital. The physical world is becoming less important to each new generation, and the digital world is becoming more important.

Kids want to spend their money on Roblox and Minecraft and Spotify subscriptions.

Bitcoin is just digital gold. In the past everyone bought gold because they valued it. There is no inherent value to gold other than what we put on it. Same with bitcoin. The kids are buying bitcoin instead of gold.

On top of the kids however, money managers are quickly going from losing their jobs for holding bitcoin, to losing their jobs for not holding bitcoin. Institutions have accepted it and are quickly requiring it. You think $100k is high? These guys will take it to $500k-$1 million easy with their buying.

---

It's not digital gold and it's price isn't being driven by my 17 year old and his Minecraft buddies

---

It was being driven by the nerds and anti govt folks before, then the criminals, and now it's the institutions with trillions buying because they have to.

"Dump your gold, sell all the US gold and buy bitcoin, then the trade is free. You will demonetize the entire gold asset class and our enemies hold gold in their banks so their assets would go to zero, our assets would go to a hundred trillion dollars," Michael Saylor of… pic.twitter.com/uAaVMn4yka

— unusual_whales (@unusual_whales) December 15, 2024

Charles Schwab says Bitcoin could hit $500,000 – $1 million if Trump establishes a Strategic Bitcoin Reserve. pic.twitter.com/BLKN2STIqb

— unusual_whales (@unusual_whales) December 15, 2024

boognish_bear said:

---

"Dump your gold, sell all the US gold and buy bitcoin, then the trade is free. You will demonetize the entire gold asset class and our enemies hold gold in their banks so their assets would go to zero, our assets would go to a hundred trillion dollars," Michael Saylor of… pic.twitter.com/uAaVMn4yka

— unusual_whales (@unusual_whales) December 15, 2024

---

I believe in gold going to zero about as much as I believe the Climate Crazies that tell us the world is going to end in 8 years.

Many references to gold and silver in the Old Testament. The value of gold and silver is timeless. As a hedge investment, good and silver are not going anywhere. (For the record, I have no position in precious metals or Crypto.)

https://www.wsj.com/finance/currencies/bitcoin-dimon-fink-griffin-buffet-dalio-crypto-af5af1a5?mod=mhp

Haliey Welch Sued Over Hawk Tuah Crypto Projecthttps://t.co/221F8uKydw

— Watcher.Guru (@WatcherGuru) December 19, 2024

RD2WINAGNBEAR86 said:

---

Assassin said:

---

You guys are talking Old Aramaic translated into Japanese by a 10th century Portuguese sailor to me

---

That is one of the better descriptions of Bitcoin I have heard.

---

Almost, it still needs some expletives when things go in unexpected directions.

I'm surprised it's even that high

FUN FACT: Less than 7% of the global population is invested in crypto.

— Watcher.Guru (@WatcherGuru) December 22, 2024

That is much higher than I would have suspected. Maybe every kid under the age of 30 has it.

Bitcoin is used by political class and private equity groups to launder money and avoid the IRS.

It should be illegal for any bank receiving US tender from the federal reserve to exchange USD for crypto with any crypto exchange

boognish_bear said:

---

I'm surprised it's even that high

FUN FACT: Less than 7% of the global population is invested in crypto.

— Watcher.Guru (@WatcherGuru) December 22, 2024

---

That's because it's a 100% speculative investment. Crypto isn't "worth" anything. If you get past BTC and look at junk coins like Doge the metrics are terrible.

For most people owning crypto is like playing the lottery. It doesn't cost very much and there's a .00000000001% chance you get rich owning it.

Of all investments I would guess that crypto owners are the least investment savvy.

The_barBEARian said:

---

Bitcoin is used by political class and private equity groups to launder money and avoid the IRS.

It should be illegal for any bank receiving US tender from the federal reserve to exchange USD for crypto with any crypto exchange

---

That is one of the dumbest boomer takes yet and youre not even a boomer. Go read up on BTC then come back when you know what you're talking about.

nein51 said:

---

boognish_bear said:

---

I'm surprised it's even that high

FUN FACT: Less than 7% of the global population is invested in crypto.

— Watcher.Guru (@WatcherGuru) December 22, 2024

---

That's because it's a 100% speculative investment. Crypto isn't "worth" anything. If you get past BTC and look at junk coins like Doge the metrics are terrible.

For most people owning crypto is like playing the lottery. It doesn't cost very much and there's a .00000000001% chance you get rich owning it.

Of all investments I would guess that crypto owners are the least investment savvy.

---

I get what you are saying but you're just lumping all crypto in to one big pot. Meme coins are 100% gambling with no real world use cases but there are coins that have networks and real use cases. Ethereum, Solana, Chainlink, Internet Computer are all networks that are going to be the backbone of web3. All of these memcoins, online gaming etc work on these networks. Chainlink is used by Swift, DTC, Jp morgan Chase, Goldman, Blackrock etc to move money from the real world to the blockchain. The entire stock market will be digitized and run 24/7 like the crypto markets before too long. That cant happen without the use of Chainlink.

0.0002118

- KKM

... and Fellatio Girl may have pulled a (financial) boner!

DEVELOPING!

muddybrazos said:

---

nein51 said:

---

boognish_bear said:

---

I'm surprised it's even that high

FUN FACT: Less than 7% of the global population is invested in crypto.

— Watcher.Guru (@WatcherGuru) December 22, 2024

---

That's because it's a 100% speculative investment. Crypto isn't "worth" anything. If you get past BTC and look at junk coins like Doge the metrics are terrible.

For most people owning crypto is like playing the lottery. It doesn't cost very much and there's a .00000000001% chance you get rich owning it.

Of all investments I would guess that crypto owners are the least investment savvy.

---

I get what you are saying but you're just lumping all crypto in to one big pot. Meme coins are 100% gambling with no real world use cases but there are coins that have networks and real use cases. Ethereum, Solana, Chainlink, Internet Computer are all networks that are going to be the backbone of web3. All of these memcoins, online gaming etc work on these networks. Chainlink is used by Swift, DTC, Jp morgan Chase, Goldman, Blackrock etc to move money from the real world to the blockchain. The entire stock market will be digitized and run 24/7 like the crypto markets before too long. That cant happen without the use of Chainlink.

---

Go back and read what I said at the top.

Blockchain is real technology and a real advance.

Bitcoin and ETH (etc) are, in fact great, in developing countries and for black market transactions but they are so far from being "money" it's not even funny. The mining also eats up untold resources across the globe and professional mining groups are essentially the only people that can make that work these days. .01% of wallets account for 60% of BTC. When you look at who owns the rest (of what isn't anonymous) it's almost exclusively large investment firms.

The remainder of **** coins are basically exactly that.

Finally, if there's any real value long term it's going to be CBDCs which are the devil for many reasons