Crypto

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Crypto in the trillions in value world wide now. Just let it go. It’s not ever going away.

That may be, but you haven't explained why anyone would want to own something with zero intrinsic value that does nothing useful.

I don't believe in gold as in investment, either, but it does have value in certain electronics applications, and it also looks pretty and is therefore desirable for jewelry. I could justify buying gold more than I could justify buying Bitcoins.

Why do baseball cards have value? Why did mofos trade shells back in 1200ad? It’s just assigned value.

There are 21 million bitcoins. The world is waking up to wanting them. Who fking cares? Buy it! Then wait 10 years and 20x your money. That’s it.

Yea, this. just don't be stupid about it.

[Anonymous]

There are 21 million bitcoins. The world is waking up to wanting them. Who fking cares? Buy it! Then wait 10 years and 20x your money. That’s it.

That sounds like tulip bulbs to me. At least they grow into beautiful plants. Crypto is just numbers, which I can make up for free.

Until someone can convince me that I want to own something that is effectively useless, I'm not buying any.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just wait until quantum starts cracking wallets. Then you'll sell.

Yes, when quantum starts cracking wallets, me and my 4-digit bank pin will be sitting there securely and laughing at all those bitcoiners.

Ask me how I know that you don't understand quantum or cryptography.

Ask me how I know you don't know what a quantum computer that can crack bitcoin's cryptography means for: nuclear weapons, the entire dollar-denominated financial system, government and corporate computer networks, the electrical grid, and every internet-connected device out there.

If/when quantum computing reaches a point where it's a threat to the bitcoin network, the entire world will be at risk. Bitcoin, and most other things I assume, will also evolve countermeasures for quantum-proof cryptography by that point.

People talking about quantum computing like it's some unique threat to bitcoin is like saying "Yeah, well, the sun is going to expand and burn the earth to a crisp one day, before burning itself out. What good are your bitcoins going to be then huh?" lmao

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just wait until quantum starts cracking wallets. Then you'll sell.

Yes, when quantum starts cracking wallets, me and my 4-digit bank pin will be sitting there securely and laughing at all those bitcoiners.

Ask me how I know that you don't understand quantum or cryptography.

Ask me how I know you don't know what a quantum computer that can crack bitcoin's cryptography means for: nuclear weapons, the entire dollar-denominated financial system, government and corporate computer networks, the electrical grid, and every internet-connected device out there.

If/when quantum computing reaches a point where it's a threat to the bitcoin network, the entire world will be at risk. Bitcoin, and most other things I assume, will also evolve countermeasures for quantum-proof cryptography by that point.

People talking about quantum computing like it's some unique threat to bitcoin is like saying "Yeah, well, the sun is going to expand and burn the earth to a crisp one day, before burning itself out. What good are your bitcoins going to be then huh?" lmao

Yep. Couldn’t have said it better myself.

[Anonymous]

Anonymous wrote:

There are 21 million bitcoins. The world is waking up to wanting them. Who fking cares? Buy it! Then wait 10 years and 20x your money. That’s it.

That sounds like tulip bulbs to me. At least they grow into beautiful plants. Crypto is just numbers, which I can make up for free.

Until someone can convince me that I want to own something that is effectively useless, I'm not buying any.

I get it. That makes sense.

However, I’ll be over here continuing to buying crypto related ETFs like hodl or FBTC and covered call high income weekly paying ETFs like BITC.

Your annoyance that crypto is profitable based on nothing, does not change the fact that it’s incredibly profitable. Bitcoin has beaten the S&P for the last 5 years. It’s been around for 16 years. The number one ETF in history is a Bitcoin etf. Maybe you should revisit your hesitation and just get on board.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

There are 21 million bitcoins. The world is waking up to wanting them. Who fking cares? Buy it! Then wait 10 years and 20x your money. That’s it.

That sounds like tulip bulbs to me. At least they grow into beautiful plants. Crypto is just numbers, which I can make up for free.

Until someone can convince me that I want to own something that is effectively useless, I'm not buying any.

I get it. That makes sense.

However, I’ll be over here continuing to buying crypto related ETFs like hodl or FBTC and covered call high income weekly paying ETFs like BITC.

Your annoyance that crypto is profitable based on nothing, does not change the fact that it’s incredibly profitable. Bitcoin has beaten the S&P for the last 5 years. It’s been around for 16 years. The number one ETF in history is a Bitcoin etf. Maybe you should revisit your hesitation and just get on board.

Btc Is not profitable. There is no profit from holding BTC, only from selling it if it’s appreciated.

Notice ALL the PPs are all “buy and HODL forever”. There is no market, just whales coaxing rubes to goose their cash flow.

It can last a long time , that’s the nature of bubbles, but make no mistake there is no value here.

Banks and stock brokers functioned fine in the age of paper records, and with quantum hacking could return to that model pretty easily. Will have higher costs but hardly the end of the thing.

Nuclear codes aren’t on the internet, and can’t be hacked in any meaningful way — you call the two man crew and give them the football codes which are from a book of tables.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

There are 21 million bitcoins. The world is waking up to wanting them. Who fking cares? Buy it! Then wait 10 years and 20x your money. That’s it.

That sounds like tulip bulbs to me. At least they grow into beautiful plants. Crypto is just numbers, which I can make up for free.

Until someone can convince me that I want to own something that is effectively useless, I'm not buying any.

I get it. That makes sense.

However, I’ll be over here continuing to buying crypto related ETFs like hodl or FBTC and covered call high income weekly paying ETFs like BITC.

Your annoyance that crypto is profitable based on nothing, does not change the fact that it’s incredibly profitable. Bitcoin has beaten the S&P for the last 5 years. It’s been around for 16 years. The number one ETF in history is a Bitcoin etf. Maybe you should revisit your hesitation and just get on board.

Btc Is not profitable. There is no profit from holding BTC, only from selling it if it’s appreciated.

Notice ALL the PPs are all “buy and HODL forever”. There is no market, just whales coaxing rubes to goose their cash flow.

It can last a long time , that’s the nature of bubbles, but make no mistake there is no value here.

Banks and stock brokers functioned fine in the age of paper records, and with quantum hacking could return to that model pretty easily. Will have higher costs but hardly the end of the thing.

Nuclear codes aren’t on the internet, and can’t be hacked in any meaningful way — you call the two man crew and give them the football codes which are from a book of tables.

Dude. What you’re saying is plausible.

Most people don’t care, however. Blackrock doesn’t give a fck but are completely invested.

This thing keeps rising. Trump is starting a BTC/Eth/Solana ETF soon. Like so many people are invested in this 3 trillion dollar “ponzi” that it’s pretty much too big to fail. We have fking National crypto reserve. Yes, crypto will crash. Bitcoin will crash, but it will
Go back up like it always does.

You just don’t like it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

There are 21 million bitcoins. The world is waking up to wanting them. Who fking cares? Buy it! Then wait 10 years and 20x your money. That’s it.

That sounds like tulip bulbs to me. At least they grow into beautiful plants. Crypto is just numbers, which I can make up for free.

Until someone can convince me that I want to own something that is effectively useless, I'm not buying any.

I get it. That makes sense.

However, I’ll be over here continuing to buying crypto related ETFs like hodl or FBTC and covered call high income weekly paying ETFs like BITC.

Your annoyance that crypto is profitable based on nothing, does not change the fact that it’s incredibly profitable. Bitcoin has beaten the S&P for the last 5 years. It’s been around for 16 years. The number one ETF in history is a Bitcoin etf. Maybe you should revisit your hesitation and just get on board.

Btc Is not profitable. There is no profit from holding BTC, only from selling it if it’s appreciated.

Notice ALL the PPs are all “buy and HODL forever”. There is no market, just whales coaxing rubes to goose their cash flow.

It can last a long time , that’s the nature of bubbles, but make no mistake there is no value here.

Banks and stock brokers functioned fine in the age of paper records, and with quantum hacking could return to that model pretty easily. Will have higher costs but hardly the end of the thing.

Nuclear codes aren’t on the internet, and can’t be hacked in any meaningful way — you call the two man crew and give them the football codes which are from a book of tables.

Dude. What you’re saying is plausible.

Most people don’t care, however. Blackrock doesn’t give a fck but are completely invested.

This thing keeps rising. Trump is starting a BTC/Eth/Solana ETF soon. Like so many people are invested in this 3 trillion dollar “ponzi” that it’s pretty much too big to fail. We have fking National crypto reserve. Yes, crypto will crash. Bitcoin will crash, but it will
Go back up like it always does.

You just don’t like it.

I find it funny people think crypto and BTC is a Ponzi scheme but the overall financial system / Wall Street isn’t.

[Anonymous]

I’ve bought shtcoins in the past, but never again. Only mainstream coins like BTC and maaaaybe SOL and ETH.

Even then I only buy the ETF versions of these crypto products for tax simplicity and what have you.

I know it’s risky. Fortune favors the bold.

[Anonymous]

The number one ETF in history is a Bitcoin etf. Maybe you should revisit your hesitation and just get on board.

This is the "greater fool theory" in action.

You admit that it's worthless, but you think that someone dumber than you will pay more for it than you did.

I find it funny people think crypto and BTC is a Ponzi scheme but the overall financial system / Wall Street isn’t.

Buying stock or bonds from an actual company that does actual things and employs actual people to do those things is a legitimate investment and a good thing for society. You own part of the company and/or debt from that company. You enable economic growth and, if the company does well, get the benefit from that. There are regulatory guardrails that attempt to ensure that public companies are accurate in their financial reports and that prospective investors are aware of the risks involved. There is legal recourse available to investors in the case of fraud. None of that exists for cryptocurrency.

Crypto does nothing good for society and is effectively useless for normal business transactions. Why would I want to divert my investable cash into that?

[Anonymous]

Anonymous wrote:

There are 21 million bitcoins. The world is waking up to wanting them. Who fking cares? Buy it! Then wait 10 years and 20x your money. That’s it.

That sounds like tulip bulbs to me. At least they grow into beautiful plants. Crypto is just numbers, which I can make up for free.

Until someone can convince me that I want to own something that is effectively useless, I'm not buying any.

People are losing the keys, not making more Bitcoin. I can make more tulips.
At this point, you got to be crazy to believe Bitcoin is going nowhere.
My friends tell me how lucky I am. Told them in 2020 to buy bitcoin and Tesla and Palantir or even Amazon. They bought nothing. Oh, sorry, they bought three Tesla cars.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

There are 21 million bitcoins. The world is waking up to wanting them. Who fking cares? Buy it! Then wait 10 years and 20x your money. That’s it.

That sounds like tulip bulbs to me. At least they grow into beautiful plants. Crypto is just numbers, which I can make up for free.

Until someone can convince me that I want to own something that is effectively useless, I'm not buying any.

I get it. That makes sense.

However, I’ll be over here continuing to buying crypto related ETFs like hodl or FBTC and covered call high income weekly paying ETFs like BITC.

Your annoyance that crypto is profitable based on nothing, does not change the fact that it’s incredibly profitable. Bitcoin has beaten the S&P for the last 5 years. It’s been around for 16 years. The number one ETF in history is a Bitcoin etf. Maybe you should revisit your hesitation and just get on board.

Btc Is not profitable. There is no profit from holding BTC, only from selling it if it’s appreciated.

Notice ALL the PPs are all “buy and HODL forever”. There is no market, just whales coaxing rubes to goose their cash flow.

It can last a long time , that’s the nature of bubbles, but make no mistake there is no value here.

Banks and stock brokers functioned fine in the age of paper records, and with quantum hacking could return to that model pretty easily. Will have higher costs but hardly the end of the thing.

Nuclear codes aren’t on the internet, and can’t be hacked in any meaningful way — you call the two man crew and give them the football codes which are from a book of tables.

Uh, I’m gonna go ahead and disagree with you and say Bitcoin is profitable. It’s like inflation-proof digital gold.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

There are 21 million bitcoins. The world is waking up to wanting them. Who fking cares? Buy it! Then wait 10 years and 20x your money. That’s it.

That sounds like tulip bulbs to me. At least they grow into beautiful plants. Crypto is just numbers, which I can make up for free.

Until someone can convince me that I want to own something that is effectively useless, I'm not buying any.

I get it. That makes sense.

However, I’ll be over here continuing to buying crypto related ETFs like hodl or FBTC and covered call high income weekly paying ETFs like BITC.

Your annoyance that crypto is profitable based on nothing, does not change the fact that it’s incredibly profitable. Bitcoin has beaten the S&P for the last 5 years. It’s been around for 16 years. The number one ETF in history is a Bitcoin etf. Maybe you should revisit your hesitation and just get on board.

Btc Is not profitable. There is no profit from holding BTC, only from selling it if it’s appreciated.

Notice ALL the PPs are all “buy and HODL forever”. There is no market, just whales coaxing rubes to goose their cash flow.

It can last a long time , that’s the nature of bubbles, but make no mistake there is no value here.

Banks and stock brokers functioned fine in the age of paper records, and with quantum hacking could return to that model pretty easily. Will have higher costs but hardly the end of the thing.

Nuclear codes aren’t on the internet, and can’t be hacked in any meaningful way — you call the two man crew and give them the football codes which are from a book of tables.

Uh, I’m gonna go ahead and disagree with you and say Bitcoin is profitable. It’s like inflation-proof digital gold.

People are concerned about debt levels of the US, the eventual collapse of the US dollar and all the instability that will mean. Gold and bitcoin are possible alternative stores of value.

[Anonymous]

People aren’t talking about how concentrated and overexposed the S&P500 has become, and the risk to the consumer. The top 10 companies (including Tesla) represent about 35% of the S&P 500's total market value. That’s kind of insane when you consider people think it’s extremely safe to invest in S&P500 index funds…

Bitcoin is a hedge against that craziness. Doesn’t have to be THE strategy, but it’s smart to have a little as part of a well rounded portfolio.

[Anonymous]

At least stocks have some underlying value. Tesla makes things that have value to consumers. I agree that the stock is overvalued, but the actual value is not zero.

Cryptocurrency has effectively zero (arguably negative) value.