If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?

[Anonymous]

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The mining is terrible for the environment!

So are electric batteries and huge windmills.

What a stupid comparison. Batteries and windmills are cheap sources of electricity. They replace harm from fossil fuels so they are a net improvement— more batteries and windmills are good for the economy and environment.

Bitcoin replaces nothing except maybe gold and obscure stocks as vehicles for speculation so having more of them does nothing good for the economy or environment.

There are a lot of counterarguments. Bitcoin miners have been developing interesting projects that allow them to use surplus electricity off peak. The traditional banking system also consumes a lot of energy. The energy invested in bitcoin is the cost of making the network secure.

Just because people make up FUD/fig leaf arguments doesn’t mean we should buy them.

There are already plans to deploy batteries so there won’t be “surplus” energy and it’s just nonsense to compare the energy used by banks to the energy used by bitcoin mining. And again bitcoin is not serving a purpose so there’s no benefit to investing a lot of resources into making it secure (unless you are a speculator or criminal).

It serves a tremendous purpose. Read The Bitcoin Standard. Ultimately it’s a financial network that requires energy to support.

Why do we need a new financial network? It’s actually not in the US national interest to provide an alternative to the dollar as reserve currency. Aside from speculators and criminals what problem does bitcoin solve and how is it better than what we have?

It's an interesting debate. Honestly, read The Bitcoin Standard. Tremendous book that is more about the nature and history of money than Bitcoin. Bitcoin advocates argue that Bitcoin will support the dollar as the global reserve currency--it will bring capital into the United States. Technologically, it's like going from snail mail to email. Much more efficient and it's happening globally whether we like it or not. The criminal element is overstated. All transactions are on a public ledger. The US has 200,000 bitcoin now because it was able to confiscate it from criminals. There are a lot of laws and regulations around custody.

The big problem it solves is protection from fiat money debasement.

[Anonymous]

Anonymous wrote:I’m actually glad to see so many against bitcoin. This forum is probably reflective of the sentiment of a lot of “DC urban moms and dads” who haven’t caught on that Bitcoin is the part of the future of finance. You’re a good sample set of a subsection of America’s public. Your hesitancy shows we have a way to go. Prices have not yet begun to reach their zenith. I’m going to keep buying bitcoin. Even through the impending crash or pullback. Thanks, all.

+21 million

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The mining is terrible for the environment!

So are electric batteries and huge windmills.

What a stupid comparison. Batteries and windmills are cheap sources of electricity. They replace harm from fossil fuels so they are a net improvement— more batteries and windmills are good for the economy and environment.

Bitcoin replaces nothing except maybe gold and obscure stocks as vehicles for speculation so having more of them does nothing good for the economy or environment.

There are a lot of counterarguments. Bitcoin miners have been developing interesting projects that allow them to use surplus electricity off peak. The traditional banking system also consumes a lot of energy. The energy invested in bitcoin is the cost of making the network secure.

Just because people make up FUD/fig leaf arguments doesn’t mean we should buy them.

There are already plans to deploy batteries so there won’t be “surplus” energy and it’s just nonsense to compare the energy used by banks to the energy used by bitcoin mining. And again bitcoin is not serving a purpose so there’s no benefit to investing a lot of resources into making it secure (unless you are a speculator or criminal).

It serves a tremendous purpose. Read The Bitcoin Standard. Ultimately it’s a financial network that requires energy to support.

Why do we need a new financial network? It’s actually not in the US national interest to provide an alternative to the dollar as reserve currency. Aside from speculators and criminals what problem does bitcoin solve and how is it better than what we have?

It's an interesting debate. Honestly, read The Bitcoin Standard. Tremendous book that is more about the nature and history of money than Bitcoin. Bitcoin advocates argue that Bitcoin will support the dollar as the global reserve currency--it will bring capital into the United States. Technologically, it's like going from snail mail to email. Much more efficient and it's happening globally whether we like it or not. The criminal element is overstated. All transactions are on a public ledger. The US has 200,000 bitcoin now because it was able to confiscate it from criminals. There are a lot of laws and regulations around custody.

The big problem it solves is protection from fiat money debasement.

If “fiat money debasement” is the biggest problem it solves then the US certainly shouldn’t be putting any resources into it— whether that means crashing our electric grid or actually spending tax dollars.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The mining is terrible for the environment!

So are electric batteries and huge windmills.

What a stupid comparison. Batteries and windmills are cheap sources of electricity. They replace harm from fossil fuels so they are a net improvement— more batteries and windmills are good for the economy and environment.

Bitcoin replaces nothing except maybe gold and obscure stocks as vehicles for speculation so having more of them does nothing good for the economy or environment.

There are a lot of counterarguments. Bitcoin miners have been developing interesting projects that allow them to use surplus electricity off peak. The traditional banking system also consumes a lot of energy. The energy invested in bitcoin is the cost of making the network secure.

Just because people make up FUD/fig leaf arguments doesn’t mean we should buy them.

There are already plans to deploy batteries so there won’t be “surplus” energy and it’s just nonsense to compare the energy used by banks to the energy used by bitcoin mining. And again bitcoin is not serving a purpose so there’s no benefit to investing a lot of resources into making it secure (unless you are a speculator or criminal).

It serves a tremendous purpose. Read The Bitcoin Standard. Ultimately it’s a financial network that requires energy to support.

Why do we need a new financial network? It’s actually not in the US national interest to provide an alternative to the dollar as reserve currency. Aside from speculators and criminals what problem does bitcoin solve and how is it better than what we have?

It's an interesting debate. Honestly, read The Bitcoin Standard. Tremendous book that is more about the nature and history of money than Bitcoin. Bitcoin advocates argue that Bitcoin will support the dollar as the global reserve currency--it will bring capital into the United States. Technologically, it's like going from snail mail to email. Much more efficient and it's happening globally whether we like it or not. The criminal element is overstated. All transactions are on a public ledger. The US has 200,000 bitcoin now because it was able to confiscate it from criminals. There are a lot of laws and regulations around custody.

The big problem it solves is protection from fiat money debasement.

If “fiat money debasement” is the biggest problem it solves then the US certainly shouldn’t be putting any resources into it— whether that means crashing our electric grid or actually spending tax dollars.

It's the problem it solves for humanity--basically taking money out of the hands of government, which historically abuses its power to print (often leading to wars and other waste). The electric grid won't crash--it's minor vs AI. Using tax dollars to position the US as a leader in the monetary network of the future makes strategic sense.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m actually glad to see so many against bitcoin. This forum is probably reflective of the sentiment of a lot of “DC urban moms and dads” who haven’t caught on that Bitcoin is the part of the future of finance. You’re a good sample set of a subsection of America’s public. Your hesitancy shows we have a way to go. Prices have not yet begun to reach their zenith. I’m going to keep buying bitcoin. Even through the impending crash or pullback. Thanks, all.

OP here - yes, the replies here suggest how early we are. Financially sophisticated people still have virtually no understanding of it. Any rational long term investor should have at least some allocation. Risky sure but Upside potential too immense

My husband manages a hedge fund and we own zero bit coin. But I'm sure you are much more financially sophisticated than him. He has never thought of crowd sourcing financial advice from DCUM, so that's obviously shows how little he knows about the stock market and the economy.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m actually glad to see so many against bitcoin. This forum is probably reflective of the sentiment of a lot of “DC urban moms and dads” who haven’t caught on that Bitcoin is the part of the future of finance. You’re a good sample set of a subsection of America’s public. Your hesitancy shows we have a way to go. Prices have not yet begun to reach their zenith. I’m going to keep buying bitcoin. Even through the impending crash or pullback. Thanks, all.

OP here - yes, the replies here suggest how early we are. Financially sophisticated people still have virtually no understanding of it. Any rational long term investor should have at least some allocation. Risky sure but Upside potential too immense

My husband manages a hedge fund and we own zero bit coin. But I'm sure you are much more financially sophisticated than him. He has never thought of crowd sourcing financial advice from DCUM, so that's obviously shows how little he knows about the stock market and the economy.

I'm sure your husband is smart. To be honest, without revealing my background, I suspect I am at least as financially sophisticated. I wasn't so much crowdsourcing advice as gauging a demographic group's knowledge and involvement, out of curiosity. Some of the greatest hedge fund managers on the planet own Bitcoin IN SIZE now, of course. Your husband would know this. The same of course goes for the top venture capitalists in the world.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m actually glad to see so many against bitcoin. This forum is probably reflective of the sentiment of a lot of “DC urban moms and dads” who haven’t caught on that Bitcoin is the part of the future of finance. You’re a good sample set of a subsection of America’s public. Your hesitancy shows we have a way to go. Prices have not yet begun to reach their zenith. I’m going to keep buying bitcoin. Even through the impending crash or pullback. Thanks, all.

OP here - yes, the replies here suggest how early we are. Financially sophisticated people still have virtually no understanding of it. Any rational long term investor should have at least some allocation. Risky sure but Upside potential too immense

My husband manages a hedge fund and we own zero bit coin. But I'm sure you are much more financially sophisticated than him. He has never thought of crowd sourcing financial advice from DCUM, so that's obviously shows how little he knows about the stock market and the economy.

That's nice, hun - why don't you hand him the keyboard so we can have a more informed discussion here?

TIA!

[Anonymous]

38 years old and married. Net worth of $3 million. 1.5 million of it is stock investments and homes (we own one rental house).

The other 1.5 million is in Bitcoin. I bought 15 Bitcoin back in 2015 and held this entire time. I will probably not sell until each coin is worth $500k. I bought the bitcoin when it was about $200 a coin, so I figured why not. Now, it’s being used as my 3 kids college funds and their future.

I just have to laugh at the people who keep saying Bitcoin is for criminals. If so, why are the US government and corporations like Blackrock and Fidelity buying it?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m actually glad to see so many against bitcoin. This forum is probably reflective of the sentiment of a lot of “DC urban moms and dads” who haven’t caught on that Bitcoin is the part of the future of finance. You’re a good sample set of a subsection of America’s public. Your hesitancy shows we have a way to go. Prices have not yet begun to reach their zenith. I’m going to keep buying bitcoin. Even through the impending crash or pullback. Thanks, all.

OP here - yes, the replies here suggest how early we are. Financially sophisticated people still have virtually no understanding of it. Any rational long term investor should have at least some allocation. Risky sure but Upside potential too immense

I’m the one who just posted about hodling 15 BTC. I agree. We are still very early. People are still calling it a scam and it’s only for criminals. At least some of us have taken the time to understand what it is instead of dismissing it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m actually glad to see so many against bitcoin. This forum is probably reflective of the sentiment of a lot of “DC urban moms and dads” who haven’t caught on that Bitcoin is the part of the future of finance. You’re a good sample set of a subsection of America’s public. Your hesitancy shows we have a way to go. Prices have not yet begun to reach their zenith. I’m going to keep buying bitcoin. Even through the impending crash or pullback. Thanks, all.

OP here - yes, the replies here suggest how early we are. Financially sophisticated people still have virtually no understanding of it. Any rational long term investor should have at least some allocation. Risky sure but Upside potential too immense

My husband manages a hedge fund and we own zero bit coin. But I'm sure you are much more financially sophisticated than him. He has never thought of crowd sourcing financial advice from DCUM, so that's obviously shows how little he knows about the stock market and the economy.

Don't waste your time arguing with crypto clowns. It's like talking to someone who watches Fox News. You quickly see a trend, and the trend is zero substance.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m actually glad to see so many against bitcoin. This forum is probably reflective of the sentiment of a lot of “DC urban moms and dads” who haven’t caught on that Bitcoin is the part of the future of finance. You’re a good sample set of a subsection of America’s public. Your hesitancy shows we have a way to go. Prices have not yet begun to reach their zenith. I’m going to keep buying bitcoin. Even through the impending crash or pullback. Thanks, all.

OP here - yes, the replies here suggest how early we are. Financially sophisticated people still have virtually no understanding of it. Any rational long term investor should have at least some allocation. Risky sure but Upside potential too immense

My husband manages a hedge fund and we own zero bit coin. But I'm sure you are much more financially sophisticated than him. He has never thought of crowd sourcing financial advice from DCUM, so that's obviously shows how little he knows about the stock market and the economy.

That's nice, hun - why don't you hand him the keyboard so we can have a more informed discussion here?

TIA!

Nice misogyny. I’m not your “hun.” And he thinks DCUM is stupid and a total waste of time.

[Anonymous]

There's a documentary on Netflix that goes over Bitcoin. Basically a couple guys are sitting on a huge store from when they created BTC. All the other big supporters see crypto as a "lifestyle" where they buy it and talk about it online with other fanatics. I think it's more like major baseball card collectors back in the day where it all has some value if you got in early but ultimately it's pretty stupid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m actually glad to see so many against bitcoin. This forum is probably reflective of the sentiment of a lot of “DC urban moms and dads” who haven’t caught on that Bitcoin is the part of the future of finance. You’re a good sample set of a subsection of America’s public. Your hesitancy shows we have a way to go. Prices have not yet begun to reach their zenith. I’m going to keep buying bitcoin. Even through the impending crash or pullback. Thanks, all.

OP here - yes, the replies here suggest how early we are. Financially sophisticated people still have virtually no understanding of it. Any rational long term investor should have at least some allocation. Risky sure but Upside potential too immense

My husband manages a hedge fund and we own zero bit coin. But I'm sure you are much more financially sophisticated than him. He has never thought of crowd sourcing financial advice from DCUM, so that's obviously shows how little he knows about the stock market and the economy.

Don't waste your time arguing with crypto clowns. It's like talking to someone who watches Fox News. You quickly see a trend, and the trend is zero substance.

lol some of these posts are so hilarious. Fox News? Bringing politics into this now because you can’t prove a point?? Sheesh. You might as well have thrown a “let’s go Brandon” chant in your post.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m actually glad to see so many against bitcoin. This forum is probably reflective of the sentiment of a lot of “DC urban moms and dads” who haven’t caught on that Bitcoin is the part of the future of finance. You’re a good sample set of a subsection of America’s public. Your hesitancy shows we have a way to go. Prices have not yet begun to reach their zenith. I’m going to keep buying bitcoin. Even through the impending crash or pullback. Thanks, all.

OP here - yes, the replies here suggest how early we are. Financially sophisticated people still have virtually no understanding of it. Any rational long term investor should have at least some allocation. Risky sure but Upside potential too immense

My husband manages a hedge fund and we own zero bit coin. But I'm sure you are much more financially sophisticated than him. He has never thought of crowd sourcing financial advice from DCUM, so that's obviously shows how little he knows about the stock market and the economy.

Don't waste your time arguing with crypto clowns. It's like talking to someone who watches Fox News. You quickly see a trend, and the trend is zero substance.

lol some of these posts are so hilarious. Fox News? Bringing politics into this now because you can’t prove a point?? Sheesh. You might as well have thrown a “let’s go Brandon” chant in your post.

Some bro posting on a mommy site proclaiming to be smarter than Warren Buffet and Vanguard is just ridiculous and nobody is going to really put much effort into debating you. Waste of time just like this post lol

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m actually glad to see so many against bitcoin. This forum is probably reflective of the sentiment of a lot of “DC urban moms and dads” who haven’t caught on that Bitcoin is the part of the future of finance. You’re a good sample set of a subsection of America’s public. Your hesitancy shows we have a way to go. Prices have not yet begun to reach their zenith. I’m going to keep buying bitcoin. Even through the impending crash or pullback. Thanks, all.

OP here - yes, the replies here suggest how early we are. Financially sophisticated people still have virtually no understanding of it. Any rational long term investor should have at least some allocation. Risky sure but Upside potential too immense

My husband manages a hedge fund and we own zero bit coin. But I'm sure you are much more financially sophisticated than him. He has never thought of crowd sourcing financial advice from DCUM, so that's obviously shows how little he knows about the stock market and the economy.

Don't waste your time arguing with crypto clowns. It's like talking to someone who watches Fox News. You quickly see a trend, and the trend is zero substance.

Why the snottiness? Bitcoin is now worth $2 trillion. Anyone who has invested in it before a few weeks ago has either made good money or tremendous money. You would think it might make sense to do more listening and less lecturing. An asset that has grown from zero to $2 trillion in 15 years with millions of owners globally - pretty dumb to just dismiss it as nonsense no?