| I don't have the interest or energy to really study the bitcoin market so I stay away from it. Maybe I should read Bitcoin for Dummies and then invest $100k. With my luck it would crash the next day. |
| You actually don’t need to study Bitcoin in depth to profit from it. What matters most is having the right guidance, someone who already understands the market and can help you navigate it smartly. The truth is, many successful investors didn’t start with deep knowledge; they started with the right mentor. With proper direction, your $100k can be positioned safely and strategically instead of being a random gamble. |
| None. Was gifted some and sold it immediately. |
It’s a number go up greater fool machine? What is the market you are studying? There is no underlying value, no revenue, it’s a hype cycle. Is it based on who is hyping it (ie now the WH, tomorrow the UN?) |
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I get where you’re coming from, but it’s not just a hype game. It goes beyond price, it’s about how people, institutions, and even governments are starting to use this technology. Every breakthrough looks like a “greater fool” thing at first until real adoption proves otherwise. Bitcoin, for example, doesn’t have traditional revenue, but it’s a decentralized network with real-world use and limited supply. That’s where its value comes from trust, scarcity, and growing acceptance.
Yeah, hype moves the market short term, but the long-term story is about adoption and utility, not who’s promoting it today. |
| Bitcoin is a ponzi scheme. There is no intrinsic value behind it. |
Not really. I do not doubt the technology will be important at some point. But there is nothing to bitcoin. No purpose. No revenue. No value. It is stupid. I agree with everything else you say. |
| Zero |
0 It's a ponzi scheme that will eventually all come tumbling down. NW is between $4-$5 million |
That’s a common misconception. A Ponzi scheme relies on promised returns paid from new investors’ money. Bitcoin doesn’t promise anyone returns, and it’s fully transparent on-chain. Its value comes from scarcity (only 21M coins), decentralization, and global demand as a censorship-resistant store of value. It’s not a scam it’s a monetary revolution in real time. |
This is who is promoting it J.D. Vance, Vice President / Thiel Cap Elon Musk, God Emperor of DOGE / Paypal Jacob Helberg, Under Secretary of State / Palantir David Sacks, Crypto Czar / Paypal Jim O'Neill, Dep Sec of DHHS / Thiel Foundation |
| None. It’s for criminals. |
That was true a decade ago. Now even banks and nations hold Bitcoin. I made my first million investing in it, it’s way more transparent than most people realize. |
The only reason it holds any "value" is because a bunch of HODLer idiots like you have been convinced it's worth something. Especially the sh*t coins. Do you really think Fart Coin has value? Lol. There is absolutely no intrinsic value to any of these coi s outside of that. Unlike gold and silver which have other uses, what do you do with a bitcoin other than speculate it is "going to the moon"? The entire coin universe is nothing but some get rich quick promises and it will eventually bust. |
I agree there has been more adoption, mostly from FOMO. It has completely failed as a currency because it is so volatile. It’s use as a store of value is an ongoing evolution. But your description about scarcity and increasing adoption means there is no understanding the market, it’s always a good time to buy bitcoin? |