Some believe the upward price pressure this month is solely due to the super rich looking to hide their cash from the Feds. Therefore I hope for a complete crash.
You’ll regret not buying some ten years from now. A thousand bucks today will probably be a million bucks 10-20 years from now. Enough to retire I believe.
Market cap in 738bn right now, way too much. Almost 10% of the value of all the gold in the world (10Trillion). Bitcoin is a tulip craze. Doesn't mean some won't make bank.
Dude they been making the damn Tulip argument since 2010. The actual Dutch tulip craze lasted less than a year. Anyways, do you know how big the derivatives market is? It's over a quadrillion dollars. Blockchain and crypto are more akin to the invention of the corporation and double entry bookkeeping, it's a new form of organizing capital. It's never going away. It will literally shape the future.
The craze lasted less than a year because tulips were not a revolutionary technology. They were an elastic supply commodity, just like wheat and corn. Bitcoin has an inelastic supply, more like gold...which is just a shiny rock bubble scam that's been going on for 5000 years. ?
How many exchanges are there to flip Bitcoin into hard cash ? And where are they located ? Can you buy land in the US with Bitcoin? Can you buy a car with Bitcoin? What exactly can you buy with Bitcoin ? What if the exchanges go dark ? Do you think the fact that the FBI controls a boat load of Bitcoin might affect the price of Bitcoin ?
Yes you can buy cars with Bitcoin, I know two people that have.
I am actually currently looking at Ranches in Texas I plan on buying with Bitcoin.
There are hundreds of Bitcoin exchanges, operated in many countries around the world (Coinbase is an insured US exchange if you were getting at that)
There are also bitcoin atms in practically every city that let you convert cash<->BTC... search your maps for 'bitcoin atm' now, you'll be shocked to see one really close to you, no matter where you live.
Quite a few, they exist all over the world but the US based ones are Coinbase, Gemini, PayPal, Robinhood and others coming. Avanti is a Wyoming chartered bank that will soon offer full banking services for it. More are coming on board, fully compliant with US regulations.
Yes, you can buy anything with Bitcoin. Sometimes you have to convert it to cash or cash equivalent first, since Bitcoin is volatile and some parties are not willing to take volatility risk.
You can buy anything on overstock.com with it and now that PayPal accepts it, any merchant that takes PayPal also takes Bitcoin.
Bitcoin's fatal flaw is lack of anonymity. I think it's being levered as the ultimate pump and dump, sucking everyone in as a currency Psyop for digital dollar normalization. Maybe I'm crazy.
They still do. Bitcoin transactions are only pseudonymous. A layperson on the street can't tell but authorities have tracking systems that can trace movements from exchanges to addresses and link that up with network data to figure out who is sending what and where to.
Bitcoin has pure anonymity. If you make an address yourself no one can tie it to you. Send your coins through a mixer or atomic swap to monero and back, you can not be tracked.
Will people stop with the "anti Bitcoin because of Jack" posts. @jack has nothing to do with Bitcoin except shilling for it on Twitter. He didn't develop it, he's not an active member of the developer community, he owns some of it. Ok, dude probably owns gold too. Probably also invests in real estate! You going to avoid entire classes of investment because @jack promotes them? This is low level logic.
Bitcoin is declared dead by media literally every 5 days. It's almost at its all time high, Bitcoin is not dead and Jack has nothing to do with bitcoin... tons of tech people support bitcoin.
Bitcoin is back at 40k already lol. Why are you posting this here?
Some believe the upward price pressure this month is solely due to the super rich looking to hide their cash from the Feds. Therefore I hope for a complete crash.
It’s going to 1-10 mil a coin, don’t you research stock-to-flow? It is inevitable.
I don't doubt it is going up and up. But then it will always drop 30% in a day so I don't want none.
You’ll regret not buying some ten years from now. A thousand bucks today will probably be a million bucks 10-20 years from now. Enough to retire I believe.
exc there won't be anything left to buy, or you will be denied use of electronics
Do you have any sources/ links? I want to learn more about this.
Market cap in 738bn right now, way too much. Almost 10% of the value of all the gold in the world (10Trillion). Bitcoin is a tulip craze. Doesn't mean some won't make bank.
Hope the internet ain't down when you need it.
Dude they been making the damn Tulip argument since 2010. The actual Dutch tulip craze lasted less than a year. Anyways, do you know how big the derivatives market is? It's over a quadrillion dollars. Blockchain and crypto are more akin to the invention of the corporation and double entry bookkeeping, it's a new form of organizing capital. It's never going away. It will literally shape the future.
Some people made a shit ton on money in tulips. They probably pumped tulips forever. Looking back we see it was a joke
The craze lasted less than a year because tulips were not a revolutionary technology. They were an elastic supply commodity, just like wheat and corn. Bitcoin has an inelastic supply, more like gold...which is just a shiny rock bubble scam that's been going on for 5000 years. ?
How many exchanges are there to flip Bitcoin into hard cash ? And where are they located ? Can you buy land in the US with Bitcoin? Can you buy a car with Bitcoin? What exactly can you buy with Bitcoin ? What if the exchanges go dark ? Do you think the fact that the FBI controls a boat load of Bitcoin might affect the price of Bitcoin ?
FBI sold their bitcoin to Tim Draper.
Yes you can buy cars with Bitcoin, I know two people that have.
I am actually currently looking at Ranches in Texas I plan on buying with Bitcoin.
There are hundreds of Bitcoin exchanges, operated in many countries around the world (Coinbase is an insured US exchange if you were getting at that)
There are also bitcoin atms in practically every city that let you convert cash<->BTC... search your maps for 'bitcoin atm' now, you'll be shocked to see one really close to you, no matter where you live.
Quite a few, they exist all over the world but the US based ones are Coinbase, Gemini, PayPal, Robinhood and others coming. Avanti is a Wyoming chartered bank that will soon offer full banking services for it. More are coming on board, fully compliant with US regulations.
Yes, you can buy anything with Bitcoin. Sometimes you have to convert it to cash or cash equivalent first, since Bitcoin is volatile and some parties are not willing to take volatility risk.
You can buy anything on overstock.com with it and now that PayPal accepts it, any merchant that takes PayPal also takes Bitcoin.
The price of Bitcoin is largely driven by stock to flow and various market dynamics: https://cryptobriefing.com/what-is-bitcoins-stock-to-flow/
It's not going away.
you have no idea what you are talking about, Bitcoin is a scam and you are a dream merchant.
I'm a software engineer and I've studied Bitcoin for 8 years. I know precisely what the fuck I'm talking about.
you were literally just destroyed in the argument you presented and he has no idea what he's talking about? Get fucked clown.
Checked your posts, little bitch.
And?
You had 10 years to buy. No point getting salty now.
Bitcoin's fatal flaw is lack of anonymity. I think it's being levered as the ultimate pump and dump, sucking everyone in as a currency Psyop for digital dollar normalization. Maybe I'm crazy.
No. But your current transactions are not anonymous in the least even without digital dollars.
when you buy from exchanges yes it's reported to IRS but bitcoin transactions themselves have no way to be traced back to the payer or payee.
They still do. Bitcoin transactions are only pseudonymous. A layperson on the street can't tell but authorities have tracking systems that can trace movements from exchanges to addresses and link that up with network data to figure out who is sending what and where to.
Bitcoin has pure anonymity. If you make an address yourself no one can tie it to you. Send your coins through a mixer or atomic swap to monero and back, you can not be tracked.
Will people stop with the "anti Bitcoin because of Jack" posts. @jack has nothing to do with Bitcoin except shilling for it on Twitter. He didn't develop it, he's not an active member of the developer community, he owns some of it. Ok, dude probably owns gold too. Probably also invests in real estate! You going to avoid entire classes of investment because @jack promotes them? This is low level logic.
It was never supposed to be and will never be a currency. We dont use gold as a currency either. Bitcoin is dead. Long live bitcoin.
Buy bitcoin.
Bitcoin is declared dead by media literally every 5 days. It's almost at its all time high, Bitcoin is not dead and Jack has nothing to do with bitcoin... tons of tech people support bitcoin.
Sometimes I wonder if I'm the only person out there who is aware of/understands Bitcoin and has 0 interest in it
Bunch of no-coiners talking out of their ass!